The Daily Banner, Greencastle, Putnam County, 14 January 1942 — Page 4

THE DAILY BANNER, GREENCASTT.E, INDIANA, WEDNESDAY, JANUARY 14, 1042.

CHATEAU Defense Bonds Tonight

CAVORT ^

?^%‘ nFun tor ’» 2 -

8>,0 RADIO*!

BARRYMORE LURE VELEZ GINNY SIMMS M«y ROBSON . PRTSY Rtur PEHR UNO IMrCS

and 111 KYSER S BEND ftaiurim Harry Babbitt, Ish Kabibble, Sully Mason • Pridutid snd Diritud h Ok»ill IUIUR, "Frrittiall llii;iili^lits of 1941"

•!-

KO VC'HDALE

Miss Wilma Hughes of Pittsboro visited over the week end with Mr. and Mrs. Harry Hoosier. Priscilla and Kebecca Lidy returned to their home at Kokomo after visiting with Mr. and Mrs. Paul Blye. Mr. and Mrs. Homer Tobin of Anderson spent the week end with Mr. and Mrs. Claude Smith.

James Skelton has employment at the Wilkinson Lumber Co. here. Miss Evelyn Smith returned to Anderson after spending the week with Mr and Mrs. Claude Smith. Mr. and Mrs. Robert Williams of Burns City were guests of Mr. and Mrs. John Williams over the week end. Mr. and Mrs. Rex Beck of Burns City were guests of Mrs. Earnest Thompson and Mr. and Mrs. Carl Beck of Bainbridge over the week end. Mrs. W. F Cline is visiting with | Mrs. Mary Finney of Georgetown, Hi. ! Mr. and Mrs. John Dale were last | Sunday guests with Mr. and Mrs. I Hampton Cliff and son. Mrs. Nathan Call and Mis. Edna j Young were callers in Greencastle to see about Red Cross work. Mr. and Mrs Howard Leisher of j Anderson were visiting friends heie ^ one day last week. Mr. and Mrs. Joe Crosby and son | were Sunday afternoon callers of Mr. and Mrs. Nathan Call. CLOVKKDAI.E Mrs. Minta Snider of Greencastle spent one day last week with Mrs. Tressie Hunter. Mr. and Mrs. John Logan and family returned home last Friday evening from a trip in the South. Mrs. Myrtle Tucker of Indianapolis was in town Sunday evening. Mrs. Lillian Malone has gone to Indianapolis for a while. Mrs. Bawldon, south of town, called on Mrs. Ida Evens last Saturday afternoon. Mr. and Mrs. Otho Smythe and

/ want. t .- FIGHTING DOLLARS

America must be strong. Every man and woman must contribute their strength to the strength of America at war. Some are carrying guns— some are flying planes—some are giving their blood on ships at sea. YOU on the home front must buy those guns-—those planes— those ships. That must be your contribution to freedom under fire! BUY DEFENSE STAMPS AND BONDS TODAY—buy them with every penny you have to spare!

Mrs. Nora Morrison attended church at Deer Creek Sunday. Misses Maxine Morrison and Nellie Fike left Saturday for Washington, D. C. Rev. and Mrs. Fisher spent last Saturday night with Mr. and Mis. Otho Smythe. Mrs. Estes Duncan has been very ill for the past week but is reported some better now. Mr. and Mrs. Elmer Finney are the proud parents of a new son,

named Billy Elmer. Mis. Bertha Hepler has a room at Mrs. Nora Morrison’s home. Mr. and Mrs John Logan called on relatives In Brazil and Knightstown Sunday afternoon. FOR SALE: 19:15 Plymouth. 2 door, good mechanical condition. See Jerry Bales, Montgomery Ward.

14-3t.

CIRCUIT COURT NOTES In the divorce proceedings of Floyd E. Blacketer vs. Lorraine Blacketer, a hearing was held yesterday to determine the matter of support money to be paid by the plaintiff husband for the support of the wife during the pendency of the separation ptoi ceedings. The court ordered the plaintiff to pay to the clerk of the

Report to Shareholders and Depositors Comparative Statement of Condition December 31st

ASSETS Cash, ‘.nil Due from Ranks U. S. A l . S. Guaranteed Ronds State A Municipal Ronds Other Ronds amt Securities Loans and Discounts Real Estate Mortgage Loans Interest Receivable A other Assets Rank Riiilding, Furniture A Fixtures Trust Assets

LIABILITIES

1941 $ 733,040.96 392,950.00 277,164.78 103,455.40 597,739.09 233,304.48 12,934.32 44,000.00

1940 $ 848,668.88 203.700.00 224,519.34 103,555.40 490.661.99 208.220.00 12,159.30 40,000.00

82,394,589.03 $2,131,484.91 117,979.81 98,332.38

Demand Deposits Savings & Certificated of Deposit Total Deposits Reserve for Taxes and Interest Dividends Payable Jan. 1 Capital Surplus Undivided Profits & Reserves

Trust Liabilities

1941 $1,128,052 57 992,759.89

1040 $1,017,895.65 863,764.32

$2,120,812.16 *1,881.659.97 35,732.24 26,558.17

3,000.00

100,000.00

100,000 00 35,044.33

$2,894,589.03

117.979.81

3,(810.00

100,000.00 100,000.00

20,266.77

$2,131,484.91

98,332.38

$2,512,568.84 $2,229,817.29

$2,512,568.81 $2,229,817.29

DO YOU KNOW YOUR BANK?

The depositor as well as the shareholder wants to know the condition •of this hank. This report and accompanying comparative statements are published for the information of the [►articular people who ha\e honored the Central National Rank with their confidence. Others are invited to compare the hank’s growth and strength. To whom and for what is the hank liable? The Central National Rank has hut two TYPES of liahilities—liabilities to the public and liabilities to the shareholders. The most Important of course, are those to the public—the depositors. Here they are: 1368 Depositors with cheeking accounts $860,683.16 State, County, Township and City deposits 199,706.27 United States Government de|K>sits 7,106.!8 Other hanks, Cashier’s checks and miscellaneous accounts 60,557.36

17c of the depositor’s dollar is employed In United States bonds and those guaranteed by the Government, the safest investment known— •‘low risk, low rate". The bank carries ail United States bonds at par, but at present market price they are worth $11,628.30 .MORE than boidi value of US and US Guaranteed Bonds $392,950.00 Some of the employed money is invested in bonds of States, Counties, Townships and Cities, also at low rates of interest. Premiums paid on these bonds are amortized from current earnings. The market value is $3,189.12 MORE than book value of

State and Municipal Bonds

$277,164.78

Other investments are bonds of Corporation, 1 lilities. Railroads, Federal Land Rank and stock in Federal Reserve Rank. Hie market value is $4,259.10 MOKE than book value of

Total Demand Deposits 1346 Savings Accounts 392 Time Certificates of Deposit 358 Christmas Clubs Total Time Deposits

$1,128,052.57 $365,969.38 625,376.26 1,414.25

Other Bonds and Securities

$103,455.40

WHAT ABOUT LOANS?

$ 992,759.89

De|H>sits have increased $239,152. in the past year. In the 59 years since the hank was founded no withdrawal restriction lias ever been placed on "Central” deposits. The hunk's liability In shareholders for the capital funds represents their investment in the business. It is not subject to withdrawal. It serves as a cushion to safeguard the depositors against loss, and includes; 1006 shares capital stock (common) $100,006.0(1 Surplus Fund 1(81,000.00 Undivided Profits and Reserves 35,044.33 Total Capital Funds $235,044.33 ADEQUATE Capital and Surplus is the best insurance to depositors. Reeause Surplus is equal to Capital the Central Nati-mal Rank is distinguished as a “Roll nl Honor’’ bank. The hank has never issued Preferred stock or Debentures. WHAT ARE THE ASSETS? Although the hank's principal Imwunc is from Interest, only a portion of the depositor's dollar can he employed to produce income. A |H>rlion (34 cents) is idle—held as a cash reserve to |«ay the checks drawn by depositors. A substantial amount of the cash reserve is kept in the hank's own vault. The legal reserve is deposited in the Federal Reserve Rank. The balance is deposited in eorres|»ondent banks In trade centers, subject to withdrawal. Although the large cash reserve earns nothing it is highly gratifying tu depositors.

Over a million and a half dollars were loaned In the |>ast ten years net losses on the 22,439 lo only 5 100 <il 1%. Convenient payment merchants and salaried people to borrow here on their business and to meet emergencies, predate the attention the bank gives to their

1768 Loans and Discounts

in 1941 on 4927 notes, loans made amounted plans enable farmers, at low rates to carry Patrons say they ap-

money problems. $597,739.09

R V means of long time real estate loans from the bank, 139 thrifty Putnam Comity people are buying Comes and farms,

$ 92,554.48

98.525.00 42.225.00

35 FH \ Insured mortgages

61 City mortgages 13 Farm mortgages

Total Real Estate Mortgage Loans

$233,304.48

Cash and Due from Banks

$733,040.96

THE INCOME DOLLAR Of the income for Hill about l-l went In pav taxes and interest on deposits 1-2 for other operating expenses and about 1-4 for reserves and dividends. Last year additional high sliced accounting equipment of the most modern type was inxtallc I for Hie added protection and convenience of the bank’s growing clientele. Doubtful loans loans were charged off and additional reserves provide!! for unfnrseen contingencies. CENTRAL INSURANCE AGENCY, INC. The agency is owned and operated as a department of the bank under the same management. The volume of business written in 1941 was larger than in any previous year since the business was started—over 30 years ago. ALL OUT FOR DEFENSE The hunk Is enlisted for the duration. Eveiv member of the Cen tral organization wekomes the opportunity to participate in the purchase of Defense Bonds and Stamps. Increased business hazards inevitably accompany war. But war is not new to this institution, nor depression, nor boom. We have confidence in Americans and the future of America.

‘HELP DEFEND AMERICA - - BUY DEFENSE BONDS AND STAMPS”

Central National Bank Southwest Corner Square Greencastle, Ind.

January 13, 1042.

F. L. O’HAIR,

President.

The Oldest and Largest Bank in Putnam County

court $10 a week for that purpose, and to pay $50 by a certain date for the expenses incurred by the defendant wife in presenting her side of

the case when its comes to trial.

Roy L. Zaph, DePauw 06, along with his partner in the practice of law, Earl C. Townsend, Jr., of Indianapolis, are attorneys for the plaintiff in a $15,000 damage suit directed against Butler University. The case originally was filed September, 1938, in tile Marion county Superior Court but found its way into the Putnam docket on successive changes of venue. It accumulated documents as it came, until now it stretches several jackets almcst to bursting, to contain all of the papers. The plaintiff is William Storks, appearing by Oscar B. Starks, his best friend. The complaint sets out that Starks, while a student in the chemical department of Butler University, he, due to defective oversight of the university's represent--lives, was permitted to mix potassium premangar.ate and sulpheric | acid, and to stir the mixture, with the result that the bottle containing it exploded, acid and particles ot glass being thrown over his face and arms, the acid penetrating his clothing, his eyes being permanently injured and other painful and perm-

anent damage being done.

Everytime He looked at his watch-it was some* body else’s! He’s hip-pocket deep in phoneybusiness in this riotous roamin’ howliday!

DePauw News Briefs President Clyde E. Wildman was elected vice-president of tile Association of Schools and Colleges of the Methodist Church during the educational conferences at Baltimore, Maryland, during the Christmas holidays. This is an important Association representing more than 100 colleges and universities related to the church. Dr. Winona H. Welch, professor of Botany, was elected secretary-treas-urer of tile Sullivant Mass Society which met at Dalals, Texas, December 31, during the convention of the American Association for the Advancement of Science. She was vicepresident of the Society at one time The Sullivant Moss Society is a national organization for botanists interested in the study of masses, Liverworts and lichens and was founded in 1898. Dr. Francis M. Vreeland, professor of Sociology, has an article in he December issue of the Bulletin of the American Association of University Professors on “Freedom of Speech During Periods of Stress.”

Wf.C.FIElDS MemG/re a Sucker cm Fm Break GLORIA JEAN LEON ERROL Butcii and Buddy Susan Miller Franklin Pangborn diaries Lang

ADDED: NEWS - NOVELTY - MUSICAL

VONCASTLE f

TONIGHT K THURSDAY

l •-J They Died With 1 Their Boots Ofi

% l,

A NEW WARNER »ROS. SUCCESS. wMi ARTHUR KENNEDY ■ CHARLEY CRAPEWIN • GENE 10CKHAB Starts Sunday—GRANADA

Dr. Paul J. Carter, assistant professor of English, was elected secretary of the American Literature section of Modern Language Association when that body met in Indianapolis during the Christmas holidays.

Prof. Jerome Hixson of the Eng-

lish department is autho: • ( a; icle titled “Our Langu Haj from Architecture" and theDecember issue of \\ rds zine. The article discus - tit 1 tory of architecture as a ack.i of terms used in the E:igW guage today.

The clean, delicious taste of Coca-Cola tells you of its quality. It brings a happy after-sense of refreshment. Thirst asks nothing more. When you drink Coca-Cola right out of the bottle, you get refreshment ... the refreshment of the real thing.

You trust its quality

BOTTLED UNDER AUTHORITY OF THE COCA-COIA COMPANY »Y (()( A-( OLA LOTT LING (’(). Inc. Greencastle, Induin' 1