The Mail-Journal, Volume 13, Number 41, Milford, Kosciusko County, 3 November 1976 — Page 2

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THE MAIL-JOURNAL— Wed., Nov. 3.157»

™ DEPARTMENT OF FINANCIAL INSTITUTIONS — Members of the Indiana Department of Financial Institutions who conducted the public hearing at the Goshen Holiday Inn last Thursday to hear a petition of the Salem Bank and Trust Co. for a branch bank just north of Syracuse, are shown here: Ralph J. Tyring, retired chairman of the board of Credit Thrift. Evansville Financial Corp., Evansville; George Lane, chairman of the board. Citiiens Bank & Trust. Jeffersonville: Maurice Kirkwood, vice president, American Fletcher Corp.. Indianapolis: G. Eugene Yates, president First Savings and Loan. Anderson; Harold Groninger, president Akron Exchange Bank. Akron; and Robert P. Burkhartsmeier. manager Inland Employees Credit Union of East Chicago. Highland.

Hearing on Salem bank branch held Thursday

Those interested in the acceptance or rejection of a petition by the Salem Bank & Trust Co. of Goshen for a branch bank on the northeast corner of state road 13 and CR 58. just north of Syracuse, will have to wait from 45 to 60 days. . It became evident at the public hearing at the Goshen Holiday Inn last Thursday that it would take this long for a transcript of the hearing to be rendered and replied to Once both parties in the case, the Salem Bank & Trust Co. and the State Bank of Syracuse, have received and read the transcripts of testimony taken at the hearing, and their attorneys have filed their briefs, the matter will go back to the state department of financial institutions for a ruling It was the state department of financial institutions that held the hearing last week, and heard testimony by parties for and against the new branch bank. The hearing began at 8:30 a m. and lasted until 2:15 p m with a half hour lunch break Acre Development The proposed branch bank, if approved, will be a part of a 60•cre development north of Syracuse on what is known as the Bill Sloan farm. The develop ment is being done by owners of the tract. Terry Hoogenboom and Myrl Nofziger. Goshen realtors and developers At the present time they are dredging a low area on the land to make a twoacre lake, about 200 by 300 feet, according to Mr Hoogenboom. the first witness to testify He said the land would be

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FOR BANK BRANCH — Frank E. Ridenoure. 92 North Shore drive. Syracuse, testified in favor of the new Salem Bank & Trust Co. at the hearing at Goshen's Holiday Inn last Thursday. '1 * AGAINST BANK BRANCH — James E. Caskey, president of the State Bank of Syracuse, testified against the Salem branch bank north of Syracuse, said SBS provided full services to local customers.

developed into three to five acre parcels known as farmettes, and that the tract has been named Lake Heights He said the development would proceed whether or not the bank is permitted to build a branch on the corner of the tract The Elkhart county plan commission has rezoned the land as a commercial tract. Hoogenboom said He also said there would be two 10-acre plots in the subdivision, or 11 parcels in all. Also in favor of the branch and the next to testify was Lloyd G. Stump, executive vice president of the Goahen bank, who testified that his bank has 901 depositors from the Syracuse area at the present time, and over $3 million in deposits. He addressed his remarks to further service to those customers James Bandy of r 2 Ligonier will be branch manager of the new Syracuse area branch. Mr Stump said, and Bandy was next to testify

With 174 years banking experience, he was with a Louisville, Ky., bank, an Indianapolis bank, with the department of financial institutions and executive vice president of the Cromwell bank before recently joining the Salem Bank & Trust Co. Charles Searfoss. a resident of CR 58 also spoke in favor of the new branch bank, stating it would serve the area well. Hear Researcher Philip W. Moore, chairman of First Research, Coral Gables. Fla., presented a 46-page research his firm did for the Goshen bank on the area His economic study addressed itself to: 1. Need and necessity for the branch 2. Economic and financial feasibility of the branch 3 And any aspect of undue injury to other financial institutions He spoke of primary and secondary service areas and referred to a “doughnut theory”, adding that the new branch would foster growth in the area He added, "I cannot conceive of any injury a new bank branch would do to the State Bank of Syracuse” Syracuse townsman Darrell Grisamer, a Syracuse town board member for five years.

You Are Invited To Worship At The Milford Christian Church I " IN HIS STEPS ■R 4 . - There was a certain welfare worker who found in a poverty stricken sec tion o crippled boy to whom she was greatly attracted She decided to consult a famous orthopedic surgeon who ogreed to help Examination was mode and an operation performed Tedious days erf recovery finally proved the operation ah - < a success Gradually the child could walk, then run. then play. 1 | While the welfare lady was relating this story years later, she asked her f ■ audience "I wont you to guess where he is and what he is doing." Some guessed that the boy was now a famous doctor, a groat humanitarian, a minBCK MNNMlirn istor or a welfare worker. She solemnly said. “No. you ore all wrong. He is in Associate Minister prison serving time for murder. We spent all our time teaching him bee to walk. but foiled to teach him where to walk " David has written in Psalms ! 19. 133. "Order my steps in Thy Word: and let not any iniquity have dominion over me.“ — Buses running every Sunday in Milford. Dewart lake. Syracuse. Nappanee and North Webster areas — Bible school hour — 9 30 am. — Morning worship service— 10 30 am £ SnSuMPL — Primary, beginner junior and high school and college age worship services « at 10 30 o.m. A * ffk — Sunday evening services at 7 p.m. — Family night Bible study. Wednesday at 7 p.m. ’SH| MILFORD CHRISTIAN CHURCH 658-9151 If you ore looking for a CHURCH HOME. Come'We can help you. *V B. If you ore looking tor CHURCH WORK. Come! You con help us. ** u W

witnessed that he favored the branch, for one reason that the Syracuse bank is closed on Thursdays. He said he uses both banks, Syracuse and Goshen. He said he personally encouraged Salem to establish a branch near Syracuse. Another favoring the branch was Dean Pittman of North Shore drive, Syracuse, and president and general manager of Syracuse Rubber Products. He said the firm uses both banks involved in the hearing, plus the First National Bank in Goshen and a Fort Wayne bank. He addressed his remarks to “competition" and called it good for the area. Frank E. Ridenoure, also a North Shore drive resident and retired senior vice president of die Salem Bank, said the people of the Syracuse area bank both in Syracuse and Goshen. He strongly favored the branch. Salem Bank [resident William Stose of Bashore road, Goshen, said his bank has branches at Millersburg. New Paris and Wakarusa, aside from two branches and a bankette in Goshen. He said they recently acquired the Wakarusa bank as a branch because of problems with succession, need to modernize their equipment and the need for accrual accounting While Salem has $127 million in deposits they need a larger loan base He said they are loaned to 50 per cent of deposits. He said competition will serve both communities well. Some Were Against, Too There were those who were against granting the branch charter, too. One was James E. Caskey, director and president of the State Bank of Syracuse. He said SBS can offer any service to its customers a big city bank can, and he pointed to good relations with corresponding banks for large borrowers. He said his bank has $429,000 in checking accounts and 600 individual mortgages and are loaned to 70 per cent of deposits. He pointed to a three-year growth period, with deposits rising $5,673,000 and loans exceeding that amount in the same period. Caskey said the First Federal Savings & Loan of Wabash has filed application for a branch in Syracuse, and cited the detriment of further competition He contested the Coral Gables study on several points, one being the amount of employees several local plants have. Jack A. Donis, Elkhart financial consultant and real estate broker, testified that “there is no community involved here (in Elkhart county) by any stretch of the imagination." He said Benton township had only $115,000 in investments last year, and he called it a no-growth township. The case of the Albion branch bank by the American State Bank, in which Donis was consultant, was brought up A lower court ruled there was no community outside Albion and that a branch bank was not justified. A higher court overturned the ruling and the case of that branch bank is back into litigation, it was noted Joe P. Todd, well known Syracuse realtor, testified against the branch, stating he found a reluctance in real estate sale north of the county line road due to the fact that residents there would have to send their children to the Benton elementary school or the Fairfield high school. He said he could not see any appreciable change in this situation. Darrell Grisamer was recalled to the stand. He reported on the Latz & Associates study for the Syracuse plan commission and said they urged development of the area north of the county line road He said the Syracuse town board now has in hand the Latz firm s preliminary report, noting that it has not been adopted as yet. Harry Bishop, owner of Bishop's Boat Co., was the last witness, stating he favored the branch "as a convenience to

me." He said he grew up in Syracuse, but spent the past 25 years in Goshen prior to buying the Harkless Boat Co. in 1974. Bishop said he was told by former management of the Syracuse bank that his “account was too big to handle." His testimony was that he favored die proposed branch. Attorneys for the State Bank of Syracuse were Warren A. Deahl and Richard W. Morgan of the South Bend law firm of Thornburg, McGill, Deahl, Harman, Carey and Murray, and Hairy C. Ryder of the Indianapolis law firm of Roberts. Ryder and Rogers, represented die Salem Bank & Trust Co., made their summation statements prior to a 2:15 adjournment. Van Buren — (Continued from page 1) Rep. in Congress. 2d Dist. — Erwin (R) 383 Fithian (D) 518 Logan (A) 16 State Sen.. 13th Dist. Augsburger (R) 720 Helmkamp(D) 325 State Rep., 17th Dist. — Mauzy(R) 667 Graff (D) 350 Judge, Kos. Co. Ct. — Burner 1,390 Clerk, Circuit Ct. Messmore (R) 622 Hampton (D) 396 County Treasurer — Teel(R) 695 Walker (D) 332 County Coroner — Wyman (R) 677 Dacquisto (D) 325 County Surveyor — Brower (R) 751 Commissioner. Nor. Dist. — Dorsey (R> 601 LewaUen(D) 409 Commissioner, Mid. Dist. — Gilliam (R > 613' Phillips (D) 374 Councilman-At-Large — Anglin (R) 634 Hom(R) 577 Sharp (R) 604 Bibler (Dv 369 Romine (D) 371 BeU(D) 382 Shall Justice Deßruler be retained — Yes 448 No 155 Shall Justice Prentice be retained — Yes 403 No 158 Shall Garrard be retained Yes 491 No 132 Const. Amendment Voting Residency Yes 620 No 115 Lakeland School Board — Payne 514 Little 706 Tippecanoe — (Continued from page 1) State Rep., 17th Dist. — Mauzy(R) 1,083 Graff (D) 751 Judge. Kos. Co. Ct. — Burner 1.528 Clerk. Circuit Ct. — Messmore (R) 1,207 Hampton tD) 865 County Treasurer — Teel(R) 1,292 Walker (D) 788 County Coroner — Wyman (R) 1.301 Dacquisto (D) 745 County Surveyor — Brower (R) 1.506 Commissioner. Nor. Dist. — Dorsey (R) 1,165 Lewallen (D) 889 Commissioner, Mid. Dist. — Gilliam (R) 910 Phillips (D) 810 Councilman-At-Large — Anglin (R) 1,195 Horn(R) 1,173 Sharp (R) 1.165 Bibler (D) 812 Romine (D) 814 BeU(D) 853 Shall Justice Deßruler be retained —

Yes 791 No 551 Shall Justice Prentice be

retained — Yes 736 No 301 Shall Judge Garrard be retained Yes 863 No 251 Const. Amendment - Voting Residency — Yes 1.079 No 267 Lakeland School Board — Payne 1,186 Little 764 Turkey Creek - (Continued from page 1) Commissioner, Nor. Dist. — Dorsey (R) 1,513 and Lewallen (D) 885 Commissioner, Mid. Dist. — Gilliam (R) 1.494 and Phillips (D) 824 Councilman-At-Large — Anglin (R) 1,526. Horn (R) 1.403, Sharp (R) 1,541, Bibler (D) 829, Romine (D) 774 and Bell (D) 817 Shall Justice Deßruler be retained — Yes 1.111, No 367 Shall Justice Prentice be retained — Yes 1,052. No 349 Shall Judge Garrard be retained — Yes 1,416, No 386 Const. Amendment - Voting Residency - Yes 1,790, No 371 Lakeland School Board — Payne 1,743 and Little 1.600 Plain Twp. votes for GOP Plain township voters, voting in four precincts in the North Webster area, voted Republican Tuesday, but gave incumbent Floyd J. Fithian an 89vote plurality over Will Erwin. Os 3.085 registered voters, 2.537 voted. The complete township return follows. President — Ford-Dole (R) 1,687. Carter-Mondale (D) 779. Camejo-Reid (S) 1, AndersonShackelford (A) 29 and Laßouche-Evans (U) 2. U. S. Senator — Lugar (R) 1,832, Hartke (D) 592 Gov.-Lt. Gov. — Bowen-Orr (R) 1.800, Conrad-Teague (D) 630, Talbot-Osterman (A) 21 and Washing!(xi (U) 2 Attorney General — Sendak (R) 1,484 and McCarty (D) 912 Supt. Public Inst. —- Negley (R) 1,518 and Richard (D) 847 Rept. Supreme Ct. and Ct. of Appeals — Wertzler (R) 1,503 and Neuhauser (D) 859 Rep. in Congress. 2d Dist. — Erwin (R) 1.179. Fithian (D) 1.268 and Logan (A) 23 State Sen., 13th Dist. — Augsburger (R) 1,470 and Helmkamp (D) 630 State Rep . 17th Dist. — Mauzy (R) 1,465 and Graff (D) 646 Judge. Kos. Co. Ct. — Burner 1,678 Clerk, Circuit Ct. — Messmore (R) 1,279 and Hampton (D) 832 County Treasurer — Teel (R) 1,407 and Walker (D) 708 County Coroner — Wyman (R) 1,328 and Dacquisto (D) 749 County Surveyor — Brower (R) 1,575 Commissioner, Nor. Dist. — Dorsey (R) 1.265 and Lewallen (D) 803 Commissioner, Mid. Dist. — Gilliam (R) 1.314, Phillips (D) 755

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rCu COMPUTER TELLS THE TALE — Shown here are the computers that calculated the Tuesday election returns from the 66 precincts in the county, located at Sun Metal in Warsaw. All returns were computed by 11 p.m. Shown here is a computer operator and election board member Howard Woodward.

Councilman-At-Large — Anglin (R) 1.238. Hom (R) 1,351. Sharp (R) 1.212. Bibler (D) 718, Romine (D) 811 and Bell (D) 767 Shall Justice Deßruler be retained — Yes 920, No 374 Shall Justice Prentice be retained — Yes 865, No 373 Shall Judge Garrard be retained — Yes 1.220, No 319 Const. Amendment-Voting Residency — Yes 1.460, No. 280 Car backed into Ditmer automobile Gary Gingerich. 27, r 4 Syracuse, backed into a 1974 Oldsmobile driven by Richard Ditmer, 61, of Syracuse on Saturday afternoon Ditmer was turning off of South Huntington St. in Syracuse into

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an alley when his Olds was struck by Gingerich who was backing out of a parking space on South Huntington St. Gingerich’s auto had no damages, but an estimated $350 damages were done to the Ditmer car.

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