The Mail-Journal, Volume 9, Number 51, Milford, Kosciusko County, 17 January 1973 — Page 12

THE MAIL-JOURNAL—Wed., Jan. 17,1973

12

Financing ‘73 farming operations

WEST LAFAYETTE — Representative of major agricultural lenders in Indiana are working to assist farmers through difficult financial situations resulting from the weather-delayed corn and soybean harvest. Some loans already have been renewed or extended. This is the word from Purdue university extension farm management specialists who conferred with representatives of Production Credit Associations, the Indiana Bankers Association, the Federal Land Bank and the Farmers Jlome Administration. Farmers should begin now to think about financing next year’s operations, the specialists suggest. They can save time and help their lenders make better decisions by preparing pertinent information before they discuss financing needs. This information should include: Balance sheet — A listing of what you own (assets) and what

Glon Furniture and Carpet St. Rd. 13 S. Wawasee Village Syracuse HIRE ELECTRIC St. Rd. 13 S. Wawasee Village— Syracuse Our Congratulation To — GLON FURNITURE AND CARPET On Their Grand Opening Walmer Supply Co. Boggs Industrial Park Warsaw AND BEST WISHES TO GLON FURNITURE AND CARPET St. Rd. 13 S. Wawasee Village Syracuse BRANNOCK'S TROPHIES "Expert Engraving" 164 N. Shore Drive 457-4513 Syracuse Glon Furniture and Carpet Success On Your Grand Opening Jan. 18-20 St. Rd. 13 S. Wawasee Village Syracuse coummAOTT NAPPANCE

GLON FURNITURE AND CARPET On Their Grand Opening We're Proud To Have You In The Village

you owe (liabilities). Assets should be broken into real estate, machinery, equipment, stored crops, breeding stock, feeder livestock and standing crops. Liabilities should show amounts owed, including open accounts, and when due. Fann operating statements for 1971 and 1972 — These should show total income and expenses as well as cropping and livestock programs, yields and prices received. The 1971 operating statement could be important in showing results in a year more nearly normal that 1972. Credit needs — This should show amounts of credit needed for specific production and household expenses and when these expenditures will be made. These estimates should include expenses for 1973 crops and livestock, x Expected income — Sources, amounts and dates of expected income can be used to show how loans will be repaid. Don’t forget

off-farm income. Indiana is served well by a variety of farm lending institutions, the specialists note, adding: “These institutions can serve farmers best when they are kept well informed on credit needs and fanning plans.” Shewmon — (Continued From Page 1) department as an interrogation room, and that the justice of the peace is furnished desk and cabinet space by the police department. I quote from the present agreement between the town and township relative to the operation of our joint volunteer fire department. — page 3 paragraph 6. “In consideration of the mutual covenants and agreements herein, the township shall provide space for the town to store its apparatus and equipment in the fire station, rent free throughout the year, in return for the space used and occupied by the township trustee and the justice of tiie peace in town hall, said town to provide ordinary maintenance and cleanup for said space occupied by the township.” You will observe that no mention is made of any rental obligation. Unfortunately, the reoccurring mention of this soiled refusal to pay back rent, as brought up in open town board meetings, has been publicized by the area press to the discredit of the trustee and advisory board. It has been a subject of embarrassment to the township officials, and frequently even open derision. I am very hopeful that at your meeting tonight we may have a resolution of your board that any township obligation has been fully met, and that the* question has been settled. May I also express the hope that tiie news media will also fairly state the township position. Joseph D. Shewmon Trustee, Turkey Creek Town board — (Continued From Page 1) the matter taken care of immediately, added he had been dected a township official and wished the situation to be taken care of now, adding “you should be happy we paid in excess of S6OO over our obligation.” The subject was tabled as previously decided. Ordinance 73-2 was passed instructing the town clerktreasurer to pay bills when due and claims are tiled, for electrical, telephone, postage stamps, radio maintenance, payrolls, plan commissioner fees, bonds and interest due, and state licenses and tax payments. Mrs. Dust was also instructed to invest in time certificates a sum of $6,025 from the cumulative fire equipment fund and the second federal revenue sharing check, just received, in the amount of $6,773. The first revenue sharing check in the amount of $7,058 was invested December 13 in a 90-day time certificate. Courts Attorney Frey explained the petition filed in the courts on January 3 by Liberty Homes, Inc., requesting vacation of certain portions of streets and alleyways in the town of Syracuse, and all in the area of the Liberty Homes site. Frey was instructed to prepare a resolution to be filed in the courts to resist and defend on behalf of the town of Syracuse, thereby to keep these portions by tiie town. Five separate signature papers were prepared by Frey and presented to each town board member for signatures of all residents or those eligible and wishing to sign in remonstrance to the Liberty Homes request. Persons wishing to sign may do so by seeking out a town board member. Approval was given for appropriations for a bulletin called

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“The Zoning Bulletin” which comes out periodically at a cost of $lB a year, to to the town attorney. The bulletin carries recent court decisions and information on zoning. Town Service Fred Radcliffe, Heyde Station manager, inquired as to why he had not been given gas business for the fire trucks and equipment as he had been for the town police and street departments. Following discussion, if all fire equipment can be negotiated between tiie pumping facilities at Heyde, all town purchases from the three departments will be put on a two month rotating basis with Auer’s Service, Bob’s Gulf and Heyde. A schedule for all concerned will be prepared by Mrs. Dust whereby all units will be using the same station. Annexation Joe Hughes inquired as to progress on annexation to the town of Syracuse and as to whether it was going through. Frey repaled area two has been annexed fa sometime with the effective date after March 1. Also, he added, he had a meeting Tuesday and another scheduled for today (Wednesday) with officials and at this point it lodes favorable as to being a reality. Another original remonstrator has indicated withdrawing, he reported, and that a full report will be provided at the February 6 meeting of the town board. Vem Myers, of area 2, admitted he had not wanted annexation and inquired as to how long a wait there would be fa sewage after annexation. Town engineer J. B. Wilson of Indianapolis said it could take anywhere from two to eight years, much depending on grant funding. Frey added the delay was affected greatly by the remonstrances filed in the courts and tiie time spent in trying to overcome the filings, thus slowing application fa grant funding. Engineer Speaks Mr. Wilson presented a booklet to town board members, explaining in part, the context regarding The Weatherhead Company industrial wastes as pertaining to annexation. A request was made by the company in September of last year fa the town of Syracuse to accept the treated effluent of the company’s industrial waste treatment plant with an estimated flow of 40,000 gallons per day. Assisted by W. P. Manning, Weatherhead’s industrial engineer supervisor, reports woe made available including operations from the plating roan treating facility through to the eventual dumping in Skinner Ditch. Information was sent to and obtained from the state and county boards of health regarding findings and in a summation, the Weatherhead plant is doing an excellent job of waste treating with it’s own system and it was recommended they continue to do so. Theoretically, accading to the report, the minute Syracuse adds any one industry to the sewer system, the sewage treatment plant is overloaded. Practically, added the engineering repat, the Syracuse treatment plant can accept some tempaary overload. An economic answer in the repat and at the present time is fa the company to leave the destination of it’s plant effluent in Skinner Ditch where it is today. Grants Wilson went on to explain new federal acts fa 75 per cent federal grants to eligible items in sewage works and a 10 per cent grant from the state, adding that in the past it has taken about four years from date of application to receipt of money. It could, however, run from two years of application to as long as eight years and with assistance of tire town attorney, legal work will be prepared to apply fa federal and. state grants before the March 15 deadline plus application from the state revolving fund. Town board members were approached, previous to the

Tuesday night meeting, by a representative of United Telephone Company asking a meeting with, three tentative dates to be set fa said meeting. These dates were being decided yet Tuesday night. The next regularly scheduled meeting of the town board of trustees will be at 7:30 pan. on February 6. AU town board members attended the Tuesday meeting. (Continued From Page 3) Frenger 515 450 series: H. Frushour 451, C. Knispel 451, B. Young 480, L. Gilbert 477, J. Schultz 476, A. Frenger 489, R. Harwood 469 200 games: J. Kern 214,223, B. Thwaits 203, K. Knisley 204, L. Young 208, 212, 214, J. R. Kober 201, J. Schultz 206, L. Epley 214, 207 170 games: S. Kern 170, 189, 181, C. Knispel 180, T. Brock 172, L. Gilbert 174, A. Frenger 199 Tuesday Night Ladies Millers Mobile Park 57 19 Frog Tavern 56 20 Hawk’s Rec. 47 29 Wawa Ski Chib 42 34 Syracuse Rubber 41 % 34% Bellman’s Case 41 35 Walter Drug Co. 36 40 Augsburger’s 36 40 White Front Grocery 28% 47% Wawasee Construction 26 50 Bitner’s Antiques 25 51 Elko Mobile Homes 20 56 High team series: Augsburger’s — 2088 High team game: Miller's Mobile Park — 746 450 series: A. Harper 167, 167481, S. Keim 176-475, M. Dixon 180-471, M. Pifer 165-460, P. Casper 182,168-462, S. Gilbert 175458, S. Brumbaugh 162-450 160 games: G. Byrd 166, D. Johnston 165, J. Groves 165, E. Tatman 163, C. Whitacre 162 Sunday Night Mixed Alley Cats 36 24 Sleepy Owl 34 26 Windsor 33 27 TAP 31 29 Mid American 30% 29% R&R 28 32\ Lakeland Standard 28 32 i Jenny’s Kitchenette 27 33 The Kids 26% 33% Taylor Wholesale 26 34 High team series and game: T & P — 1680, 592 500 series: (men) K. Tobias 513 200 games: (men) B. Etchison 205 170 games: (women) S. Rieder 170 Thursday Night Ladies B&K 52 20 Pilcher’s Shoes 52 20 Louie’s Bar 49 23 Thornburg Drug 48 24 Wawasee Electronics 45 27 Regent 43 29 Kale Island Beacon 39 33 Chris Koher Ins. 37 35 Frog Tavern 36 36 Curt’s, Inc. 35 37 Bowen Motors 35 37 Barth, Inc. 35 37 Hinshaw Applicators 32 40 N.W. Fireman’s Aux. 31 41 Lakeland Standard 30 42 Brazel’s Bait 29 43 Counting House Bank 27% 44% Lancer Tool & Die 27 45 N.N.N., Inc. 23% 48% WKAM Radio 14 58 High team game: N. N. N., Inc. — 801 High team series: Louie’s Bar — 2310 500 series: M. Lambert 582, B. 532,1. Stahley 517, H. Taylor 515, H. Frushour 502

Best Wishes To Glon Furniture And • Carpet On Your Grand Opening Jan. 18-20 THE FABRIC NOOK Call 457-2251 Glon Furniture Bldg. S. Edge Wawasee Village Syracuse

450 series: D. Coburn 489, L. Ulery 488, I. Menzie 480, F. Money 475, G. Eyer 470, J. Groves 466, E. Tatman 466, N. Galloway 464, J. Beezley 460, L. Richardson 450, G. Pilcher 458, M. Whisler 453 200 games: E. Tatman 209, M. Lambert 206,201, B. Nyce 205, G. Eyer 203 170 games: F. Money 197, I. Menzie 191, K. Knisley 190,187,1. Stahley 189, L. Ulery 186, H. Frushour 184,182, B. Nyce 184, J. Reed 182,180,170, D. Coburn 182, J. Beezely 181, J. Groves 181, L. Richardson 181, D. Hire 180, H. Taylor 179,178, C. Blosser 176, M. Lambert 175, C. Hochstetler 172 Laud O Lakes Dean’s Milk 16 0 Lakeland Std. 12 4 Regent Homes 11 5 Wawasee Motors 11 5 Harris 10 6 Auer’s Serv. 9 7 Syracuse Traveler 8% 7% Vega No. 1 8 8 Sleepy Owl 8 8 State Bank 8 8 Plaza Marine 8 8 Syracuse Legion 7% 8%

State Bank No. 305 CONSOLIDATED REPORT OF CONDITION OF STATE BANK OF SYRACUSE OF SYRACUSE IN THE STATE OF INDIANA AND DOMESTIC SUBSIDIARIES AT THE CLOSE OF BUSINESS ON DECEMBER 31, 1972. ASSETS Cash and due from banks (including $ none unposted debits) $ U. S. Treasury securities 1,957,800.00 Obligations of other U. S. Government agencies and corporations 200,000.00 Obligations of States and political subdivisions .. 2,547,097.68 Other securities (including $ None ebrporate stocks) None Trading account securities .... None Federal funds sold and securities purchased under agreements to resell . 150,000.00 Other loans .... 12,901,428.64 Bank premises, furniture and fixtures, and other assets representing bank premises .... 209,936.46 Real estate owned other than bank premises ... 56,105.76 Investments in subsidiaries not consolidated ...‘. None Customer’s liability to this bank on acceptances outstanding None Other assets 102,084.84 TOTAL. ASSETS .. $18,400,284.29 „ LIABILITIES Demand deposits of individuals, partnerships, and corporations $ 3,860,675.57 Time and savings deposits of individuals, partnerships, and corporations 11,519,042.49 Deposits of United States Government 230,024.74 Deposits of States and political subdivisions ... 1,102,511.71 Deposits of foreign governments and official institutions . None Deposits of commercial banks None Certified and officers’ checks, etc. ...; 150,417,72 TOTAL DEP051T5516,862,672.23 x x x x x (a) Total demand deposists 4,917,568.64 x x x x x (lb) Total time and savings deposits $11,945,103.59 x x x x x Federal funds purchased and securities sold under agreements to repurchase None Other liabilities for borrowed money None Mortgage indebtedness None Acceptances executed by or for account of this bank and outstanding None Other liabilities 242,536.85 TOTAL LIABILITIEST. $17,105,209.08 MINORITY INTEREST IN CONSOLIDATED SUBSIDIARIES None RESERVES ON LOANS AND SECURITIES Reserve for bad debt losses on loans (set up pursuant to Internal Revenue Service rulings) ... $ 140,971.78 Other reserves on loans None Reserves on securities None TOTAL RESERVES ON LOANS AND SECURITIES $ 140,971.78 CAPITAL ACCOUNTS Capital notes and debentures $ 50,000.00 Equity capital, total 1,104,103.43 Preferred stock — total par value None (No. shares outstanding $ None) Common stock-total par value SIO.OO . 183,750.00 (No. shares authorized 18,375) (No. shares oustanding 18,375) Surplus 550,000.00 • Undivided profits 335,353.43 Reserve for contingencies and other capital reserves • 35,000.00 TOTAL CAPITAL ACCOUNTS $ 1,154,103.43 TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS $18,400,284.29 MEMORANDA' Average of total deposits for the 15 calendar days ending with call date $17,233,888.94 Average of total loans for the 15 calendar days ending with call date 12,820,947.59 Unearned discount on installment loans included in total capital accounts None I, Robert L. Jones, President, of the above-named bank, do solemnly swear that this report of condition is true and correct, to the best of my knowledge and belief. Correct—Attest: ' ROBERT L. JONES WILLIAM H. CABLE Directors CHARLES M. HARRIS ' PAUL A. LEVERNIER KENNETH W. HARKLESS (SEAL) 4 State of Indiana, County of Kosciusko, ss: Sworn to and subscribed before me this 12th day of January, 1973, and I hereby certify that I am not an officer or director of this bank. My commission expires June 4, 1973. JOANN HOUSER, Notary Public

Frog Tavern * 7 9 White’s Plumbing 7 9 Jacks Sunoco 6 10 Bowen Motors 6 10 Vega No. 2 5 11 Liberty Homes 5 11 N.W. Legion 4 12 C& J Const. 3 13 High team series and game: Vega No. 1 — 2637, 933

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Mrs. Bernice Mauzy of New Paris and Mrs. Almeta Berkey of Syracuse woe Friday afternoon visitors of Mrs. Hazel Kline at Milfad. Callers in the Mr. and Mrs. Noble Fisher and family home at Milford Saturday were Dwight and Stanley Doty of Middlebury.