The Daily Banner, Greencastle, Putnam County, 1 January 1935 — Page 4

THE DAILY 6ANNER, GPEENCASTLE. INDIANA. TUESDAY. JANUARY 1, 1935.

t HKONOlAMiV KJU 1984 *

I UP' —The

NEW YORK, Jan. 1

year 1984 saw the government debt carried to a record peace-time high around $28,500,000,000; gold and silver nationalized; adoption of a gold bullion standard with the dollar 59.06 per cent of old parity; the Securities Exchange Commission taking over control of the stock markets; the European gold bloc holding intact in a hectic year; the Treasury experiencing ::o difficulty in floating vast bond offerings. Following is a chronology of outstanding events of

the year:

January

Stocks and commodities up on dollar devaluation; bonds lower. Stock ttiiilin;., heavy with 4,000,000 and 5,000,000 share days. 8 Alexandre Stavisky suicide. He was instigator of flotation of half billion-franc Bayonne Municipal Credit (pawnshop) bonds, most of them worthless. Collapse throws Frame into political turmoil. 29 Treasury receives $4,784,766,700 subscription to $500,000,000 notes.

80 Gold bill passed; dollar to be net more than 60 nor less than 50 cents in former terms; gold to bo nationalized; $2,000.000000 equalization to be set up. 31 Roosevelt by proclamation places gold at $85 per ounce, dollar at 59.06 per cent of old par with 15 5-21 grains of gold 9-10ths fine, against 25.8 grains previously. Treasury to purchase all gold offered at $85. Federal Reserve gold to be taken over by Treasury. Treasury to operate equalization fund to regulate dol-

lar.

February Stocks lose $700,000,000 in active trading in contrast with $4,000,000,-

000 gain in January; bonds rise; grains decline; gold to amount of $.'160 696.4100 added to monetary stocks. 5—Dow-Jones industrial stock average at year’s high of 110.74; rail average at new 1984 top of 52.97. 6 Utility average at year’s high at 31.03. 19 Treasury receives $8,618,164,400 subscription for $800,000,000 bond issue. March Storks practically unchanged with trading the smallest since February, 1938. 'f'lie dollar declined. Bonds rose. 14 Senate defeats St. Lawrence waterway project. 25 Threatened automobile strike averted. 30 CWA ends ahead of schedule. April Stocks lose $200,000,000; bonds gain; dollar eases; commodities slightly lower. 13 Johnson bill law; prohibits loans to foreign governments defaulting debt. 22 Strike of 50.000 bituminous miners settled with new wage scale. 20 • Railway labor and managers agree on plan to restore full pay ol' railway workers on April 1. 19.35; 10' per cent reduction in effect two years to be gradually restored.

May Stocks lose $2,600,000,000; bonds strong; commodities up with wheat above $1 on drought; dollar firmer. 9 Roosevelt signs Jones-Costigan bill setting sugar quotas. •I u ne Stocks fluttuate narrowly with volume smallest since 1924; bonds quieter and mixed; commodities up slightly; business in summer slump with steel operations breaking 20 per cent in one week. 2 Textile strike averted.

Toledo automotive parts labor troubles unsettle markets. 4— Treasury receives $6,900,000 000 subscriptions for $800.000 000 bonds. 6- J. P. Morgan Co. elects to remain in commercial banking business as a state bank; abandons investment banking. 14 Germany declares C-month debt moratorium. 15- All foreign countries except Finland default on war debt. 18 Congress adjourns. Silver purchase act a law; provides purchase of silver until ratio of 25 silver to 75 gold in value is reached by Treasury or until world price hits $1,29 an ounce; nationalizes all silver in the United States on the date of bill enactment; taxes speculative profits on silver 50 per

cent. July

Stocks lose more than $3,000,000.000 for all listed shares; commodities make small gain 14 Dow-Jones bond average at new 1934 high at 95 48, highest since

1931.

24 Handlers strike in Chicago stockyards; ended Aug. 4. Dow-Jones industrial stock average at new 1934 low at 85.51. 81 San Francisco longshoremen’s strike ends; started May 9. August Stocks gain in light trading; commodities higher. 21 Minneapolis truck drivers' strike ends. President's proclamation increases cotton loans to 12 cents a pound. 31- General textile strike called. September Stocks little changed witn volume smallest since 1918. Commodities

ease.

1 Securities Exchange Act tially effective.

workers out on

650,000 textile

strike.

'4 Steel operations at year’s low at 18.4 per cent of capacity. 17 Dow-Jones railroad average at t new 1934 low at 33.19. 30 President in radio address asks I labor-capital truce on strikes.

October

Industrial stocks up; rails and utilities lower; commodities lower. 15 General Hugh S. Johnson leaves office as head of NRA; board headed by 5 members takes over.

23 Silver futures trading opens at Medals And Cups

Montreal Canadian Commodities Ex-

change.

24 Ailministration and bankers in rapprochement at American Hankers Association convention at Washing-

ton.

November Stocks, except utilities, up and more active; commodities also higher.

I-H MEMBERS TO BE HONORED FOR \CHIEVEMENTS

WILL RECEIVE AWARDS AT MEETING IN COTTKTHOU8F.

WEDNESDAY NIGHT

WINNERS ARE ANNOUNCED

To Be Presented

By Eugene .Vkers, 4-H Club

Agent For 1934

Outstanding 4-H club hoys and girls will be honored Wednesday night with medals, cups and pins for achievements during 1984. at a meeting of 4-H members and friends in the court house. Eugene Akers, 4-H

par-

I !

1 9 3 5

u $ 1 i:}| I

Another mile post in the path of years is past. Whatever of gloom or uncertainties have beset the path of 1934 for others, for us at least it has been brightened by the fine spirit of optimism and mutual help fulness which we have observed among our friends and customers, and the hearty cooperation w»e have received from them for which we herewith express our thanks.

Let us enter the coming year with the utmost confidence for the future with a cheerful determination and to shut out from our minds all pessimistic thoughts. The happiness and good will of the season, if carried through the year, will bring its reward of better times.

May the New Year bring you Health, Wealth and Happiness.

i I'!

I(.-I

i|j !» I'M I 'Pi ■ornll?

MULLINS IPC STORE

HSEieiaisnaisaiGJ

i>J n

New Year’s

Greetings

i-l

We wish to extend our sincere good wishes for a Happy and Successful New Year to our many friends.

May the year 1935 bring you all that desire in Health, Wealth and Happiness.

We pledge ourselves to give you 100 per cent service .at all times.

10 Marriner S. Eccles appointed | c i u b ugent for 1934, will present the

head of Federal Reserve Board. 12 Treasury liberalizes foreign exchange restrictions. 19 Dow-Jones utility average makes new low for year at 17.50. 25 Edison Electric Institute opens campaign against Tennessee Valley Authority on basis it is unconstitutional. December Stocks fluctuate irregularly; bonds rise; commodities higher. 3 Treasury receives $5,500,000,000 subscription for $900,000,000 bond issue. 6 National Association of Manufacturers votes for modified NRA when present act expires. 15 All nations except Finland default on war debt.

awards and the program will also include special music and talks by various local and Purdue speakers. Putnam county not only had an outstanding enrollment of club members during 1934 but accomplishments of the club members probably exceeded that of any other group of county members in the state. Winners of awards are listed below. County medal winners are as fol-

lows :

Health champions—Lucile Nichols and Robert Michaels. Boy’s Judging team—Robert McVay, Robert Michael, Herschel Nichols and Junior South. Girl’s judging Virginia Young,

bakirig; Lois McGaughey, food prepar.'ition; Viola O'Hair, canning; Elizabeth Bowman, clothing; Madonna Estep, health. Boy’s demonstration team James ■Risk and Truman Hays. Girl’s demonstration team Evelyn South and Martinna O’Hair. Projects Louis Long, sheep; Gerald Clodfelter, beef; John Grimes dairy; William Compton, pig, Clifford Crosby, colt; Irwin Evens, poultry; Ralph Spencer, rabbit: Eleanor 'l Eiteljorgc, room improvement; Billie McClure, clothing; Beulah O’Hair baking; Billie McClure, canning; Oliive Mae Dean, health; .Madonna Estep, food preparation. Purdue Round-up delegation Madonna Estep, Virginia Young, Elizabeth Bowman, Viola O'Hair, Ixiis McGaughey, Evelyn South, Dorothj Wysong, Lucile Nichols, Virginia Dean, Betty Hanna, Jean Ragan, Isa belle Hathaway, Jane Etter, Morris Evens, Robert McVay, Hershel Nich ols, Robert Michael, Stanley South, Louis Long. Dorman Hughes an< Clifford Crosby. National medals Billie McClure best 4-H achievement record; Lucil Nichols, national dress revue; Man Lou Hammond, certificate of merit Floy Nei. r, national canning; Gerak Clodfelter, meat animal livestock; William Wright, national corn record. Trophy cups Girls' demonstration team, Bainbridge high school; boys’ demonstration team, Itoachdale high school. Attendance award Madison township 4-H boys. Silver leadership pins will be

awarded to 58 junior leaJ bronze membership pins to jl

members.

NEW MAYSVIIJR ' By Miss Helen Welfe, 4- 4-

Cornelius Hyspher and Wiley of Indianapolis spefl j Christmas vacation v ; ',,1 German. Mr. and Mrs. Horace Tud# Mr. and Mrs. Dee Lenf. oty aju ly spent Sunday aftern o n Wll! Charles Temple. Mr. and Mrs. George Fit?>, and family spent Sunday V g and Mrs. T. J. Shackelfm.i. Mrs. Opal Cooper of Cre» spent a few days with Mnj Ader. Funeral services for Mrs 1 Kendall were held Su ,y .' I it the Baptist church Mr. anil Mrs. Arthur wj "•iain bridge spent Tu Wil ,J Vcller and family. Mr. and Mrs. Perry Gonioi amily and Mr. and .Mrs. (j Jordon spent Christmas dayH Ir. and Mrs. Charley E gers. H Robert Johnson Mvi.t

with Fillmore Modlin. Mrs. Juanita Kendall spent: day with her mother, .Mis loJ ' ^

You haven’t the strength tfl

your washing. Resolve now t l it to us in 1935. Home Laum-H

Cleaners.

OBI'i I ARV

Again the grim reaper, death, has entered cur community and taken from among our loved ones one of our prominent citizens, Van Buren

McCammack.

V. B. McCammack or <Dank> as he was known to all his friends, was the youngest son of Robert ami Pina McCammack. He was born May 14, 1863 at the old homestead in Jefferson township. Departed life December 27, 1034, age 71 years, 7 months

and 13 days.

He was one of the younger rhildren of a family of 12 children. Two sisters and two brothers survive him. He was united in marriage to Viola Vaughn. December 31, 1883. This union was blessed with two

sons, Venard Vance and Oral V., Venard having preceded his father in death. He professed a hope in Christ and united with the Union Valley church in 1884 and remained a faithful member until his death. He was a kind and devoted husband and father. He was always ready to greet every one with a cheery smile ami words of kindness. Too much cannot be said of his willingness to aid his neighbors in time of need. He was intensely interested in the welfare of his community. He was the last surviving member of the board of Putnam county commisisoners who contracted lor the courthouse in Greencastle in 1903. He leaves to mourn his loss a wife, one son. Oral, two daughters-in-law, three grandchildren, Sarah, Myron Eugene, and Merrill Thomas, two sisters, Mary Terry of Greencastle, Cynthia Alice, mar Belle Union; George McCammack of Crowolburg, Canada. Thomas McCammack, neat Belle Union, ami a host of relatives) and friends who are saddened by his death. But now. that he has gone to meet his Creator, we ask the blearing of God upon the saddened hearts of his loved ones .that they may realize that their loss is his eternal gain of I joy and happiness in a world where I death is a stranger, and friends part] no more. Peaceful be thy silent slumber. Peaceful in the grave so low, Thou no more will join our number, Thou no more our play shall know. Yet again we hope to meet thee, When the day of life is fled, Then in heaven, with joy to greet thee, Where no farewell tear is shed.

CARD OF THANKS We wish to express our sincere thanks to our neighbors and friends for their kindness shown us during the illness and death of our husharyl and father. Viola McCammack and family.

When you think of Lumber—think of the

Fj 1 1

ALLAN LUMBER COMPANY

ii ;

Where The Home Begins’

COUNTED FEATHERS HANKINSON, N. D., (UP)—Having nothing else in particular to occupy his attention, Irwin Newman decided to cout the feathers on a Chinese ring-neck pheasant. He found 7.878 feather in the colorful plumage.

N. INDIANA ST.

GREENCASTLE

TELEPHONE 403

ryv

CARD WAS S3 YEARS LATE THE DALLES. Ore., (UP) — A postcard mailed to George C. Blakeley, The Dalles, in 1901 when he was at the Pan-American Exposition in Buffalo, N. Y., was received here by Blakeley 33 years, 6 months and 11 days after it was sent.

Short Story (Illustrated)

Left—Picture of tering boredom i evening.

Right—Picture (4 a gentleman registering interest in a Lending Library Book on a dull winter evening.

gentleman regisa dull winter

And 365 days of satisfaction to you all in 1935!

Left—Picture of a gentleman rl tering satisfaction with a Ltn 1 Library Book and a box| RCHRAFFT’S chocolate.'; nn winter evening.

SAM HANNA’S BOOK STORE

1883

1935

To our clients and friends of the past fifty-two years whose confidence and loyalty have made the

CENTRAL

BANKS

The Safest Place in Putnam County'

we express our sincere appreciation and extend New Year greetings.