The Indianapolis times. [volume], January 13, 1933, Home Edition, Second Section, Page PAGE 22, Image 22

About The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965

Image provided by: Indiana State Library

                
PAGE 22
PUBLIC FUNDS
ALLOTTED TD
COUNTY BANKS
Twenty-Six Institutions
Share in Deposits,
Says Sexton.
AJlotment of county, city and
School city funds to various Marion
county banks has been announced
by County Treasurer Timothy P.
Sexton.
The funds, to be deposited from
1933 and 1934 tax collections, were
assigned oy the county finance
board.
Sexton stated the three govern
mental units now have approxi
mately $450,000 in defunct banks.
The closed Washington Bank and
Trust Company paid $50,000 into
the county treasury in 1932.
Twenty-six manks will share in
the deposits. They include general
funds, $9,395 090; Barrett law,
$2,450,000, and special assessment,
delinquent and deficit funds, $50,000
Funds ARre Allotted
A total tax of $18,022,224 is on
books for collection in 1933. Gen
eral funds were allowed as fol
lows :
Acton State bank, $10,000; Aetna
Trust and Savings Company.
$150,000; Bankers Trust Company,
$300,000; Brightwood State bank,
$5,000; Central State bank. $15,000;
Cumberland State bank. $13,000; Fi
delity Trust Company. $140,000;
Fltcher American National bank,
$15,000,000; Fletcher Trust Com
pany, $1,000,000; Fountain Square
bank, $50,000; Indiana Trust
Company, $1,000,000; Indiana Na
tional bank, $2,250,000; Lawrence
State bank, $10,000; Madison Ave
nue State bank. $15,000; Marion
County State bank, $40,000; Massa
chusetts Avenue State bank. $15,000;
Merchants National bank, $1,000,000;
New Augusta State bank, $25,000;
Northwestern Avenue State bank,
$25,000; Oaklandon State bank. $15,-
000; People’s State bank, $165,000;
Citizens Bank of Southport, $25,000;
Speedway bank, $15,000; Union
Trust Company, $1,500,000; Wana
maker State bank. $12,500; Security
Trust Company, SIOO,OOO.
Barrett Law Banks
Distribution of Barrett law funds:
Bankers Trust Company, 50,000;
Fidelity Trust Company, $50,000;
Fletcher American National bank,
$1,000,000; Merchants National bank,
$700,000; Peoples State bank, SIOO,-
000; Union Trust Company. $500,000;
Security Trust Company, $50,000,
and Bankers Trust Company, $50,-
000 special assessment, delinquent
and deficit funds.
California had its first national
forest established forty yesjrs ago.
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FRIDAY THE 13TH JUST A HOLIDAY FOR HER
‘
The figure “13”
holds no terrors
to Doris Kather
ine Deal, daugh
ter of Mr. and
Mrs. Claude Deal,
1320 West Twen
ty-fifth street,
even though it is
combined with
Friday.
Doris is 13
years old today.
And her parents
plan to give a
birthday party in
her honor, at
which thirteen
will be present.
20 Per Cent of Land in
County Reverts to State
Few Farmers Buy in Their
Tracts at Virginia
Tax Sale.
By Scrippg-Zfownrd Xricspaiter Alliance
SPOTSYLVANIA COURTHOUSE.
Va., Jan. 13.—The commonwealth of
Virginia today owns about 20 per
cent of all the land in this county,
after a depression delinquent tax
sale.
Farmers came to the sale, listened
to the auctioneer, but bid in only
fourteen parcels out of 698 sold for
unpaid taxes.
The other 685 were turned over
to the state comptroller when there
were no bidders.
Delinquent owners let their prop
erty go for failure to pay taxes
amounting to as little as 30 to 35
cents an acre. Small parcels were
knocked down for as little as a few
cents more than a dollar.
A small crowd of farmers lounged
in the courthouse, talking and pay
ing little attention to the auc
tioneer, M. B. Kinsey, as he hurried
through the long list of delinquent
owners and acreages.
The total sold was 133 acres.
At the end of the sale Kinsey re
minded the spectators that owners
could get their titles back by pay
ing delinquent taxes, plus penalties.
These penalties are 10 per cent
premium, 6 per cent interest, a 50-
cent fee to the county treasurer for
each tract and 19 cents for adver
tising.
Meanwhile, owners of property
turned over to the comptroller are
safe in the occupancy of their
homes for two years, during which
they may make the back payments
and reclaim their titles. Those
whose land was bought by private
purchasers might be given sixty
days’ notice to vacate, but this is
not usually done.
Many of the smaller tracts have
been abandoned, according to coun
ty officials. Their unemployed
owners have left the county seek
ing employment elsewhere.
Manufacturers of incandescent
lamps turn out approximately 3,000
kinds, including many unusual de
signs made only on special order.
Hemorrhoids
Go Quick
All Pile Misery Ended Without
Cutting or Salves.
Thousands ■who have piles have pot
yet learned that quick and lasting re
lief can only be accomplished with an
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Bad circulation of blood in the low
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weak —the parts almost dead. To get
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THE INDIANAPOLIS TIMES
FILENE MAKES i
PLEA FOR FAIR
CREDITSYSTEM
Business Pays Best When It
Pays Both Parties,
Says Merchant.
“Human life begins with credit,
from the time that the baby, w’hich
costs money, consumes for years be
fore ever functioning as a producer,”
said Edward A. Filene, interna
tionally known Boston merchant
and philanthropist, at a meeting of
the Indiana Credit Union League in
the Antlers Thursday nigth.
“Credit alw'ays breaks down as an
institution when one of the parties
takes undue advantage of the other,” j
Filene declared.
“The business of credit pays best |
when it pays both parties. That is a |
fundamental principle of finance j
which many financiers still have to j
learn.”
Filene has been active in the
establishing and financing of credit
unions in this country since their |
inception some years ago.
He is president of the Credit i
Union National Extension Bureau
and is making a series of talks in I
midwestern cities on the subject of |
credit unions. He opened his tour
in Indianapolis Thursday noon with
an address at the Columbia Club at j
a joint meeting of luncheon clubs. |
During Iris stay in Indianapolis |
he conferred with Governor Paul V. i
VlcNutt, Walter C. Greenough, chair
man of the state banking commis- i
sion. and legislators interested in :
the introduction of anew banking 1
bill.
Approximately three hundred!
were in attendance at the dinner, j
R. N. Phelps, president of the Indi- j
ana league, presided.
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DR. J. E. KERNEL
Optical Dent., Main Floor Balcony
13 5 ears at the Win. H. Block Cos.
,Wm. H. BLOCK CO.
Ben Stern to
Be Secretary
of Van Nuys
Bon Stern
Appointment of Ben Stern, polit
ical writer and columnist of The
Indianapolis Times, as private sec
retary of Frederick Van Nuys,
senator-elect, is announced today.
Stern has been a newspaper man
for sixteen years, and has been
connected with The Times for five
years.
He has been associated with
newspapers in the east, south and
middle west and various news serv
ices. For several years he has con
ducted a daily political column,
“They Tell Me,” in The Times.
Stern is a reserve officer in the
United States marine corps, is
married and has one daughter.
Study of beautiful snow crystals
shows that the higher the air in
which the crystals are formed, the
simpler and plainer are the patterns.
DEMANDS QUICK j
AID FOR NEEDY
Wisconsin. Governor Tells
Legislature to Stress
Relief Action.
Bn T'nlted Brest
MADISON, Wis.. Jan. 13.—Gover
nor Albert G. Schmedeman, Wis
consin's new Democratic executive,
called upon the state legislature
Thursday to make the relief of im
mediate distress the principal busi
ness of this winter's session.
He urged that the legislature, I
long a breeding place of new and !
progressive philosophies of govern
ment, devote its entire energy to- j
ward abatement of distressed eco- i
nomic conditions and aid for de- ;
pression-stricken citizens.
“It will be no time for the intro
duction of bills, resolutions and
amendments which do not deal with
cur major problems," he said.
“Overshadowing every problem is
the economic situation with its
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Victor Model 15 Lowboy 25.00
Brunswick 9-tube Lowboy 27.00
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Atwater Kent Screen-Grid Lowboy 35.00
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Crosley 10-tube Ten-Strike 23.00
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Victor Combination 19.50
Brunswick Panatrope Combina
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Radiola No. 28 Superheterodyne
Battery Set 19.50
"B” Eliminators 3.50
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THE PRESCRIPTION DRUG STORE
—CORNER DELAWARE AND OHIO—
Miller High Life Malt 3 Lb. Can 39
Lilly’s Milk of Magnesia *••• 29c
Lilly’s Antiseptic Sol *<■ 29c
LILLY’S I. O.&S. TONIC • 68c
LILLY’S INSULIN r. r 98c
SACCHARIN TABLETS -13 c
Beef, Iron, Wine, Tonic 63c
HORNER 0. K. specific 79c
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widespread disintegrating effects
upon individual and family life.”
Only the general outlines of the
Governor's program were submitted
at this time. Specific financial
recommendations will be made next
month.
Wisconsin, he reported, will need
$25,800,000 for relief this year.
Bei’ond the administration of di
rect relief, Schmedeman proposed
more liberal laws on mortgage fore
clesures and tax payments, more
rigid banking and securities regu
lation. closer supervision of utilities
and postponement of compulsory
unemployment insurance for the
time being.
The stress which Governors dur
ing rule of the La Follettc
progressive Republican dynasty in
the statehouse had laid on educa
tion, highways and conservation
was absent from'the new executive's \
message.
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HINKLE’S PILLS -13 c
CGCiLLANA COMP. r " £"‘ h 45c
CASCARA AROMATIC -KSi *s. 23c
CARCID & BILE SALTS 84c
Anasol Suppositories 79c
UROTROPIN TABLETS ■ ■ 34c
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POMPEIAN OLIVE GIL . 24c
CAMPHORATED OIL 35c
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.JAN. 13, 1933
See
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Store
Ad
Page 2
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