The Daily Banner, Greencastle, Putnam County, 8 January 1957 — Page 6

fHE DAILY BANNER rt’ES.. JAN. H. l».->7 I’a^p 6 OKEEXCAS1LE. INDIANA

TV Sets Will Cost More Soon

CHICAGO (UP)—A new TV aet te going to cost more this year, because manufacturers think the public is getting “too good a bargain.’’ The statement was made today by Leonard Truesdell, >vice

president of Zenith Radio Corp., at a conference held in conjunction with the international home furnishings market. Truesdell said the industry has made many mistakes in its wild adolescence. The 1956 inventories were too high, and the production level too fast, said the executive. Aa a result, the industry has lost so much profit that 17 companies were forced to combine with others or to go out of business entirely.

REPORT OF CONDITION' Charter No. 10465 Reserve District No. 7 Report of condition of the First National Bank of Cloverdale in the State of Indiana, at the close of business on December 31, 1956 published in response to call made by comptroller of the currency, under Section 5211, U. S. Revised Statutes Assets Cash, balances with other banks, including reserve balance, and cash items in process of collection $ 484,453.73 United States Government obligations, direct and guaranteed • ).;4.021 ft.) Obligations of State and political subdivisions 27,114.8? Other bonds, notes, and debentures 43,212.85 Corporate stocks (including $2,250.00 stock Federal Reserve bank) 2,250.00 Loans and discounts (including $164.44 overdrafts) . 472,634.97 Bank premises owned $5,485.03, furniture anl fixtures $0,984.50 15,169.53 Other assets Total Assets $1,579,825.71 Liabilities Demand deposits of individuals, partnerships, and corporatkmi $ 995,503.96 Time deposits of individuals, partnerships, and corporations 324,067.56 Deposits of United States Government (including postal savings i 16.5! Deposits of States and political subdivisions 137,588.60 Other deposits (cettified and cashier’s checks etc) 3,685.78 Total Deposits $1,477,437.88 Total Liabilities $1,477,437.88 Capital Accounts Capital Stock: Common stock, total par $25,000.00 $ 25,000.00 Smplus 50,000.00 Undivided profits . . 27,387.83 Total Capital Accounts $ 102,387 83 Total Liabilities and Capital Accounts $1,579,825.71 Memoranda Assets pledged or assigned to secure liabilities and for c thci purposes $ lou.ooo.oo Loans insured or guaranteed by Veterans’ Administration insured or guaranteed portions only 6,287.51 Total Amount of Loans, Certificates of Interest and Obligations, or Portions Thereof (listed above), which are fully backed or insured by agencies of the United States Government (other than “United States Government obligations, direct and guaranteed") $ 6,287.51 Total amount of loans, certificates of interest and obligations, or portions thereof, which are fully backed or insured by agencies of the United States Government (other than “United States Government obligations, direct and guaranteed”) 6,287.51 I, E L. Smiley, Cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. E. L. Smiley, Cashier Correct—Attest: Wm. K. Langdon Harold H. Smith O. B. Foster, Directors. State of Indiana, County of Putnam, ss: Sworn to and subscribed before me this 7 day of January, 1957, and I hereby certify that I am not an officer or director of this bank, tStall Ruby Barnett, Notary Public My commission expires March 20, 1960.

Idea Advance For Dry Areas PHOENIX, Ariz. (UP)—Seci retary of Interior Fred A. Seaton said today he hopes that low ; cost atomic energy will be the j key in solving drought problems. He said atomic energy might be applied in the foreseeable future to the conversion of salt water into fresh, and to pumping warter through networks of pipelines extending into dry areas. Seaton discussed drought problems, the need for immediate ac-

tion, and possible future solutions before the annual conference of the American National Cattlemen's Assn. He will accompany President Eisenhower and Secretary of Agriculture Ezra T. Benson on a tour of the southern Great Plains drought area next week.

DRIVER IS RILLED SOUTH BEND (UP)—Joseph Bush, Jr., 21, South Bend, was killed early today when his car went out of control six miles west of here on U. S. 20, skidded 200 feet, and hit a tree.

yinM.rX'- 1

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Benson Talks To House Committee WASHINGTON (UP)—Secretary of Agriculture Ezra T. Ben son discussed farm policy at a congressional hearing for almost

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which opens both the wrap-around liftgate and tailgate with one motion. And they can’t be opened from inside! There’s good news, too, about Ford’s popular Ranch Wagon. This 6-passenger, 2-door model features Ford's new subdued tones, and smart interiors which defy muddy little shoes and drippy chocolate cones. In the wonderful way that Ford can take a fine tiling and make it even finer, the Del Rio Ranch Wagon goes beyond the Ranch Wagon in style, fabrics and trim. Better take a Ford wagon for a spin. You’ll agree dial for st\ling it’s a sweetheart . . . for work and power, it’s an obedient slave!

New '57 Fords have tzjghest shakedewn cruise in history! The '57 Ford brake £58 national and inter a! onal records from 1 kilometer to 50 000 miles at Bonneville, Utah. For 50,900 miles, two '57 Fords averaged over 107 and 108 mph respectively. This time included all p,t stops ... the greatest endurance feat of ail time!

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five hours and it wasn’t a bit I like old times. This time nobody on the House Agriculture Committee shook his finger in Benson’s face and shouted that he was selling the American farmer down the river. There was no denunciation of the administration's flexible farm price support program from Democrats who in the past used Benson as a sort of whipping boy. In fact, the one hot issue of farm price supports was hardly mentioned. Benson appeared before the committee Monday to review operations of the multi-billion dollar “soil bank” program launched last year to cut crop surpluses. He ran into considerable criticism about his handling of the program, but most of it was good natured. Matters got so chummy at one point that a Democrat. Rep. Thomas G. Abemethy, Miss., invited Benson to have “dinner with me some night” to discuss how to expand domestic and foreign market for farm commodities. The invitation was issued after Benson observed there was “con siderable merit” in a point Abernethy had just raised. The new and relaxed atmosDemccratic farm leaders that the old issue of rigid vs. flexible price supports is dormant, if not dead. They realize it would be futile to press for legislation to restore rigid high supports because President Eisenhower would veto it even if they could get it through Congress. New farm issues won’t be sharply drawn until President Eisenhower outlines to Congress the legislation he wants for relaxing planting restrictions on corn farmers. Unless restrictions are relaxed the administration fears few growers will comply with them and that little of this year’s crop will be eligible for price support.

Msn Hilled By 66,000 Volts

LOGANSPORT (UP) — Jack Browand, 54. Marion, died in Memorial Hospital Monday night five hours after an electrical dmek hurled him into a 15-foct hol^ at the new municipal light olant under construction. Browand and Donald Quinn. 26, Logansport, who also was ’mspitalized, were shocked by 86.000 volts of cu v rent when a Public Service Company wire carrier was grounded through the men as they guided a steel beam handled by a crane. Police said witnesses claimed the current jumped a foot to the crane cable. The crane operator

was Albert Yates, Indianapolis. Browand was knocked into a hole 15-feet deep by the shock. The men were vvorkiug for the Vestal Construction Co., Indianapolis, which is helping construct a new coal dock across the Eel River for the plant. Browand, a native of Michigan, will be returned to Mancelona, Mich., for burial. He was the second person fatally injured in the construction of the new plant.

10 Best Dressed Are Named Today INDIANAPOLIS (UP) —Ten Indiana cities were represented today as the Indiana Retail Men’s Wear Association selected the best dressed men in Indiana in 1956. The top 10 included: C. W. Anderson, Ft. Wayne works manager of the International Harvester plant in Ft. Wayne. Ralph McCarten, LaPorte, an automobile dealer. John E. Early, Evansville, an attorney. Howard W. Sams, Indianapolis, president of the Waldmar Press Co. Frank Sullivan, South Bend, president of the Leahy-Sullivan Insurance Co. Elmo P. Gilliatt, Bloomington, owner of the Hourner Hotel. Robert J. Poorman, Muncie, an advertising executive. Francis S. Yenowine. Terre Haute, associated with the Merchants Freight System of Terre Haute. Dr. W. Keith Sloan, Madison, a physician. Ed Norris, Wabash, plant manager of the General Tire & Rubber Co. of Wabash. Announcement of the selections was made by Conn Holloway. LaPorte, president of the associartion. He said the 10 Were selected from 100 candidates throughout the state.

correspondent, Alexander Nasielski, 40. fled from East Berlin with his wife, his 10-year old son and the family poodle. Nasielski and his family asked American authorities here for political asylum. American officials said the request war granted. MISS BROWN INJURED

Miss Caroline Brcwn, 19,

daughter of Mr. and Mrs. Edwin Brown, I^adoga Route 1. is a patient in the Witham hospital in Lebanon, suffering from bad cuts about the face, head and legs received in a one-car crash east of Lebanon Sunday evening. Fifty stitches were taken in her face. Miss Brown was a passenger in a car driven by Miss Linda Kouns. Miss Kouns said the accident occurred when she applied her brakes to permit another car to pass through a narrow culvert bridge and the auto struck the abutment throwing Miss Brown

through the windshield.

Miss Brown, Miss Kouns a* d Miss Diana Marsh, roommates in Indianapolis, had spent Friday night at the home of Miss Judy Reynolds in Greencastle and Saturday with Miss Brown's parents and were on route to the home of Miss Kouns’ parents.

LOSE DOUBLE HEADER The Plainfield freshman and 8th grade teams defeated thn local frosh and 8th graders yesterday by scores of 49 to 32 and 42 to 28. Brattain’s 12 points were tops ‘"or the Greencastle freshmen. Akers dumped in 14 in the losing 8th grade cause.

Bank Robber's Petition Denied INDIANAPOLIS (UP) — Roy Rudolph Drake, 33, Indianapolis, who is serving a 60-year term at Alcatraz for robbing two Hoosier banks, lost his bid Monday for a reduction of sentence. Drake petitioned Federal court here to cut his term to 15 years on grounds the court made legal errors in sentencing him in the holdups of the Southport State Bank and the Union State Bank of Carmel. But Judge Cale J. Holder denied the petition. The Southport holr up was Indiana’s second largest bank ho’dup and netted more than $65,000 loot. Both holdups involved kidnaping of bank officials from tiieir homes.

Burglary Broken Up By Policemen NEW CASTLE (UP) — Two patrolmen broke up an attempted burglary early today when they discovered three youtlis breaking into Consumers’ Ice and Fuel Co. Police said one of the youths, John Bryant, 19, Muncie, was arrested on the spot. The two others escaped as one of the officers fired a shot at them. Police said Bryant pulled a gun on the patrolmen, but they took it away from him. Bryant identified the other two men, police said, and a search was made for them. Bryant was charged with assault with a deadly weapon, burglary and resist’ng arrest. Police said safecracking tools were found at the scene

FLEE TO V EST BERLIN (UP) — The East German correspondent of the official Polish news agency PAP has fled to the West, it was disclosed today. A spokesman for the Berlin Foreign Press Assn, said the

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MARIE CHOMEL DIES INDIANAPOLIS (UP) - Miss Marie Chomel, 85, fiist woman’s editor of the Indianapolis Star, died Monday in St. Vincent’s Hospital. Miss Chomel was admitted to the hospital New Year’s Eve after suffering a stroke. Miss Chomel became interested in journalism when her brother operated a printing office in ; Loogootee. She joined the Star in 1903 writing features under the name of “Betty Blythe" and supervising society news. She was said to be the f’rst woman to ride a racing car around the Indianapolis Motor Speedway track.

GIVES LIBRARY TO SCHOOL RENSSELAER, Ind. (UP) — The personal library of the late Dr. Kathtyn McHale, a nationally famous educator and psychologist from Logansport, has been given to St. Joseph’s College. The collection of more than 350 books and pamphlets was presented the college library by Frank McHale, a member of the college board of lay trustees. Dr. McHale was one of the original members of the Subversive Activities Control Board.

Interesting Meets Are Being Planned The first of the winter extension schools to be sponsored and carried on by the County Extension Office will be on the Growing, Harvesting and Storing of Forage, which is an important item in the management of any beef or dairy farm in Putnam County. This school will be an all-day meeting on Wednesday, January 16, and will be held in the Youth Center Building on Elm Street in Greencastle. It will start promptly at 10:00 a. m. and end at 3:00 p. m. (DST), with a light lunch available in the build-

ing.

Lester" Smith of the Purduo Agronomy Department will head the discussions on Growing and Management of Forage Crops. He will discuss Zero Grazing, Green Feeding, Sod Seeding, Pasture Renovation, Dam Seeding and other methods of management. M. J. Moeller of the Dairy Department will discuss current matters of Production Management for Dairy Cattlemen, pointing out prices situations, feeding trials, utilization of roughages, and developments of labor saving methods in the dairy business. John Foley of the Ag Engineering Department will discuss Farmstead Lay-outs, with special ! emphasis on milking -parlors, j tramp sheds, bulk handling of | milk, and labor saving ideas around the farmstead. This proves to be a very interesting and worthwhile school for dairy and beef cattlemen, and one that most farm people will not want to miss. The Youth Center Building has been taken over by the Lions Club of Greencastle and is being made available for saieh meetings. This will afford a comfortable, well heated room where nearby parking space will be available away from the flown town district. Persons wishing to attend should remember the date 1 of January 16, from 10:00 a. m. to 3:00 p. m. DST, and that lunch will be available in the building. BRITISH AM USED LONDON (UP) The official radio of the ruler of the feudal Arab kingdom of Lemon charged today that British troops supported by tanks and armored cars were fighting on Yemen territory.

MOORHOUSE BODY, SAYS EGYPT

PURI CAKE

BANANAS U.

A CASKET containing a body reported as that of British Lt. Anthony Moorhouse is removed from a shallow, sandy grave in Port Said, to be handed over to UN emergency forces by Egyptian officials. The UN refused to make formal confirmation of the identification. Moorhouse, 21, was kidnaped by Egyptian guerrillas Dec. 11 during the occupation. (InUrnatsonal Radiophoto)