Peoples State Bank (Hammond, IN)

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Institutions Consummated Today

Providing stronger banking foundation for Hammond, the Hammond National Bank and Trust company today aquired all of the deposits of the new Peoples State bank of Hammond thus boosted the deposits of the Hammond National $3,000,000.

The arrangement between two institutions consummated this morning agreements had been signed by the officers and directors both The Hammond National bank now becomes one of the strongest institutions in this part of the state also is listed the largest bank North PEOPLES DISCONTINUES of the plan the end of about ago when was determined by the officers and directors of the Peoples State that inability their part make satisfactory rangement the their capital structure made It visable to discontinue operations. plan of action was agreed upon and hours today, all of the accounts of the new Peoples State bank, together with sufficient of its liquid assets secure deposit liabilities, turned the Hammond National officers National Bank and Trust will positors of the Peoples bank. They likewise made rangements to honor checks drawn against accounts the Peoples bank. books and check be NO CO-OPER the status the old Peoples tive State bank, now receivership involves only the new ples State bank, which is acting receiver the old Co-Operative The Peoples State which is now absorbed by the Hammond tional, to do and at receiver for the Peoples Co-Operative State arrangement that bank be charged as receiver that Judge Clyde appoint new ceiver Monday carry out the liquidation of the of the Peoples Co-Operative NEW RECEIVE MONDAY A receiver, be the final report the Peoples liquidation from October 14, to the present time, be filed H. executive ident Bank and Trust this said: officers and directors of the Hammond Bank and Trust are always eager to be public and to been of help in this "Customers of the Peoples bank may be assured of cordial welcome and to their but considerable augmented facilities at their disposal. "These are times of mergers and tn the interest of public quite much for the benefit of business itself. We to the Peoples State happy bank 'family' join our family at this Donald E. Gayit, cashier of the Peoples State believe which have been made with Hammond National Bank and Trust are not only for the interests of the depositors of the Peoples bank, the interest of the community whole. directors of the Peoples State bank the confidence their in ring the deposit accounts to the Hammond National Bank and Trust company will meet with the proval the entire Officers of the Peoples State bank, who will relinquish their positions the transfer today, are J. D. Stinson, president; Frank Mull, viceW. F. presiand E. cashier. No of employes from the Peoples the National bank is involved in the ment.

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BOOSTS HAMMOND BANK & TRUST BUSINESS

ACQUIRES Hammond Unemployment Body Swarms Before Trustee DEPOSITS ALLEGED Will R. Wood Continues to Stick By Lake County OF PEOPLES TEMPERATURE RED HELD Rockne Air Enthusiast READS OF BODY DEPOSITORS' HOPES HINGE FOR REGION POPULAR STATE BANK Temperature today Hammond 36 FOUND IN LAKE; at BY POLICE at ON BANK DECISION MONDAY noon. Weather 5:28 LAWMAKER PROVES HUSBAND

YESTERDAY

County Commisioner Investigates the Case of John Hopkins

Frank Hammond police and held placed yesterday by Trustee Myrtle 24 years of applied township Lund dispose new sedan for Ando refused to The said have angered him to alleged wife, also have according to Mrs. Ando arrested he uttered inflammatory statements the He has been of this years and citizen.

Meeting at 121 State street, Hammond, to voice their complaints against the office of North Township Trustee Myrtle Meara, about 85 members of the Unemployment Council of Hammond yesterday aired alleged grievances for several hours. of the chief John 26 street, the township relief case fully gated Commissioner Baran's InvestiHopkins receives township for himself, and the rate of every ten His daughter, live with his township the When the tertaining his two IT DOING In words, the aid to the Mr. Hopkins comthat he butter, which he termed too salty. at the meeting yesterday, list of grievances for edification the UnMrs. Meara out this mornthat Hopkins and his family, his and daugh(Continued from Page Seven)

Arrangements Between Two Institutions Consummated Today

Providing a stronger banking foundation for Hammond, the Hammond National Bank and Trust company today aquired all of the deposits of the Peoples State bank of Ham mond and thus boosted the de posits of the Hammond Na tional to approximately $3, 000,000. The arrangement between the this morning after agreements had been signed by the officers and rectors both banks. The Hammond National bank now becomes one of the strongest tutions in this part of the state. the largest bank township PEOPLES of the plan the end of begun abou week when was by the officers and directors of Peoples State bank that inability their part make satisfactory rangement for the completion structure made it discontinue operations. A plan of action was and after hours today all of th Peoples bank, with sufficient its liquid secure deposit liabilities, turned over to the Hammond Na tional Bank and Trust Monday morning, officers of Hammond Bank and company will welcome former positors of Peoples Stat bank. They likewise made rangements to honor draw against State books check will furnished depositor at National NO This th status of old Peoples State bank, receiver ship: It involves only the new Per ples State bank, which acting receiver the old Co-Operativ The Peoples State which absorbed by the Na tional, and to do 11, 193 and at the receiver for the Peoples tive State bank. The arrangement require that the Peoples State bank be dis charged as and that Judg Clyde Cleveland appoint new Monday carry the liquidation of the assets of th Peoples Co-Operative NEW RECEIVER A be Monday the final report of Peoples covering receivershi from October 14, 193 to the present time, be file then. J. H. Sharpe, executive vice-pres ident of the National Bank and Trust company this morn ing said: and directors of Hammond Bank and Trus are public and are to have been of some help in "Customers of the Peoples bank may be assured of welcome here and to their banking but considerable augmented facilities their disposal. "These are times of mergers in the of public much benefit of happy to the Peoples Stat bank join our family at Donald E. Gavit, cashier Peoples State bank, said: "We believe that arrangement which made with Hammond National Bank and Trus company only for the interests of the depositors Peoples also for best interest of the as whole. directors of the State bank the dence ring deposit to Hammond National Bank and will meet with the proval of the community. Officers the Peoples who will relinquish their position with the transfer today, Stinson, Frank Mull, president: W. dent, and No transfer of from Peoples the bank involved in arranges ment.

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BOOSTS HAMMOND BANK & TRUST BUSINESS

ACQUIRES Hammond Unemployment Body Swarms Before Trustee DEPOSITS ALLEGED Will R. Wood Continues to Stick By Lake County OF PEOPLES TEMPERATURE RED HELD Rockne Air Enthusiast DEPOSITORS' HOPES HINGE READS OF BODY FOR REGION POPULAR STATE BANK FOUND IN LAKE; BY POLICE ON BANK DECISION MONDAY LAWMAKER

YESTERDAY

County Commisioner Investigates the Case of John Hopkins

Frank alleged by Trustee Myrtle last Lund for This Ando refused have angered alleged parents of Ando's wife, been Meara's fice. arrested yesterday after he Inflammathe Unemployment been resident this country only seven years and citizen.

Meeting at 121 State street, Hammond, to voice their complaints against the office of North Township Trustee Myrtle Meara, about 85 members of Council of Hammond yesterday aired alleged grievances for several hours. One the chief complainants John Hopkins, 26 Douglas street, Hammond, the whose township poor relief case fully investigated this week Charles Gary. According Mr. Baran's investiHopkins receives township aid for himself, his wife, and an adopted at the rate His and daughter, who live with him and his wife, receive township aid at the Mr. Baran investigated the this tertaining and the latter's two from Detroit. IT DOING In other words, the township to two families living at the and was feeding Hopkins' relatives from Detroit. Mr. Baran asked Hopkins had against the relief, replied that he satisfied the butter, which he termed salty. And at the meeting yesterday, Hopkins voiced long list of grievances for the edification of the Unemployment Mrs. Meara pointed out this mornthat Hopkins and his family, including his and daugh(Continued from Puge Seven)

Arrangements Between Two Institutions Consummated Today

Providing stronger banking foundation Hammond, the Hammond National Bank and Trust company today aquired all the deposits of the new Peoples State bank of Hammond and thus boosted the deposits of the Hammond National approximately $3,000,000. The between two Institutions this morning after agreements had signed by the officers and directors both banks. The Hammond National bank now becomes one of the strongest institutions in this part of the state. listed the largest bank in township. PEOPLES DISCONTINUES marks the end begun about by the officers and directors of the Peoples State bank that inability their part to make satisfactory rangement for the completion their capital structure made It advisable to discontinue operations. A plan action then was agreed and after hours today, all the of the Peoples bank, sufficient its liquid assets to secure deposit liabilities, turned to the Hammond National Bank Trust company morning, officers the Hammond National Bank and will positors of the new Peoples State bank. They likewise have made rangements to honor checks drawn against accounts Peoples State pass books and check books will be these at once by the Hammond National. NO in changes the status of the Peoples Co-Operative State bank, ship. It involves only the new Peoples State bank, which acting receiver the old Co-Operative institution. The Peoples State bank, which is now by National, and to do on 11, 1930, and receiver the Peoples Co-OperaState The arrangement requires that the Peoples State bank be charged as and that Clyde appoint ceiver Monday morning carry the liquidation of the assets of the Peoples Co-Operative State bank. NEW RECEIVER MONDAY A receiver, is the report the Peoples State bank, liquidation from October 14, 1930, the present time, will be filed then. H. Sharpe, executive ident the Hammond National Bank and Trust company this morning said: "The officers directors of the Hammond National and Trust company public pleased to been of some help in this "Customers of the Peoples State bank be cordial interruption to their but with considerable augmented facilities at their "These times of mergers and consolidations in interest of the public quite much as for the benefit of business itself. We happy Peoples 'family' join family at this time." Donald Gavit, cashier the Peoples "We believe arrangements which made with the Hammond National Bank and Trust company only the best interests the depositors of the Peoples State bank, but for the best of the community as whole. "The directors of the Peoples State bank have utmost confithat their action in ring the deposit to the National Bank Trust company will meet with the approval of the Officers the Peoples State bank, will relinquish their positions the transfer today, are Stinson, Frank Mull, vicepresident; Ryan, vice president, and Donald E. Gavit, cashier. No transfer of employes from the Peoples the Hammond bank involved in the ment.

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ACQUIRES DEPOSITS OF PEOPLES STATE BANK

Arrangements Between Two Institutions Consummated Today

Providing stronger banking foundation for Hammond, the Hammond National Bank and Trust company today aquired all of deposits of the new Peoples State bank of Hammond thus boosted the deposits of the Hammond National approximately $3,000,000.

The arrangement between institutions was consummated morning agreements had signed by officers both The now becomes one of the tutions in this part of the also Is listed the largest bank in North township.

PEOPLES DISCONTINUES the plan the end of negotiations about when was determined officers and directors of the Peoples State bank that inability their part to make rangement for the completion their capital structure made visable to discontinue operations. A plan action then was agreed after hours today, all the the new Peoples State bank, sufficient of its liquid assets secure deposit liabilities, turned the Hammond tional Bank Monday morning. officers Hammond Bank and company welcome former positors of Peoples rangements to honor checks against accounts the State bank. New pass books and check be furnished these depositors by the NO ANGES This changes the status the old Peoples tive bank, in receivership. involves only the ples State bank, receiver the old Co-Operative The Peoples State bank, which is absorbed by the Hammond National, organized chartered to do business on October 11, and at the appointed for the Peoples Co-OperaState requires that the discharged receiver and Judge Clyde Cleveland appoint Monday to the of the assets of Peoples State bank. NEW RECEIVER MONDAY A new receiver. therefore, pected to appointed Monday the final report of the Peoples the liquidation from 14, 1930, (Continued Page Fifteen)

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ACQUIRES DEPOSITS OF PEOPLES STATE BANK

Arrangements Between Two Institutions Consummated Today

Providing stronger banking foundation for Hammond, the Hammond National Bank and Trust company today aquired all of the deposits of the Peoples State bank of Hammond and thus boosted the de. posits of the Hammond National to approximately $3,000,000.

The arrangement between two institutions consummated this morning had the officers and die both The Hammond National bank the strongest Institutions in this part of the also listed the largest bank North township. PEOPLES DISCONTINUES of the plan marks the end of negotiations about week when it was determined by the officers and directors of the Peoples State bank that inability their part for the completion their made visable to discontinue operations. of action then agreed hours today, all of the accounts of new Peoples State bank, together sufficient of liquid assets deposit liabilities, turned over to the Hammond National Bank and Trust company. Monday morning. officers the Hammond National Bank and Trust company will welcome former positors State bank. to honor against in Peoples State bank. books check these at by the National. NO CHANGES This move wise changes the status of the old Peoples Co-Operative bank, ship. It involves only the new Peoples bank, which acting receiver the old Co-Operative The Peoples State bank, which absorbed by the tional, and to do 11, 1930. and the receiver the Peoples Co-OperaState bank. The arrangement requires that Peoples State bank charged receiver and that Judge Clyde appoint new ceiver Monday morning to carry out the liquidation of the assets of Peoples Co-Operative NEW RECEIVER MONDAY A receiver, pected be Monday the final report the Peoples the liquidation October the present time, will be filed H. Sharpe, executive vice-president Hammond National Bank and Trust company morning said: "The officers and directors of the Hammond National Bank and Trust company are always eager be public and they pleased been some help in this instance. "Customers of the Peoples State bank be of cordial may to their but considerable augmented facilities their disposal. times of mergers and consolidations in the public quite as much for benefit of business itself. We happy to have the Peoples State family at this bank time." Donald E. Gavit, cashier of the Peoples State said: which made with the Hammond National Bank and company not the interests of the depositors of Peoples State bank, but also for the best interest of the community as whole. directors the Peoples State the utmost confidence that their action in transferthe deposit accounts to the ring Hammond Bank Trust company will meet proval the Officers of the bank, the transfer today, are Stinson, Frank Mull, vicepresident: Ryan presicashier. No from the Peoples to the Hammond National bank is involved in the arrange-

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scriber The Times, asks that his from publication, declares that this practice strictly observed Illinois This letter hundreds of others received by per an epidemic of failstruck the region. Each of the appeals for detailed reports from receivers, that depositors rapidly liquidation taking place. The latest letter contained clipping Chicago paper in which full reports of various in the area published. "Don't you the writer seems to they will make payment much they Peoples State bank of Hammond The ceivers this institution paid cent dividend about year not know when they publishing about would be their stands and the ceivers are spending the money they collect." writer of the letters signs (Continued on Page Seventeen)

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TIMELY REPORTS

We commend the complete report submitted recently by Harry E. Folk and Orville O. Carpenter, receivers for the defunct Peoples State bank of Hammond, showing in detail the financial condition of the receivership. This shows their a tendency on to part cooperate with the vast majority of depositors who are clamoring for detailed statements of condition. More bank receivers in the Calumet district should follow their Then example. the need for criticism closed banks against would be eliminated. While the depositors are justified in asking for complete statements of condition, they should not that the task of forget liquidating defunct banks now is difficult an unusually one, partly because of the frozen nature of the bank assets and partly because of the severity of the depression. All of the receivers are doing everything in their power to liquidate assets rapidly. They find it advantageous to do in order to relieve so some of the that is being to pressure brought bear upon them for on early cash dividend. little more cooperation from everybody concerned and less blind and partisan fault finding will expedite matters considerably.

THE BEER RUMOR AGAIN Our old friend, the rumor that President Hoover is about to declare for the legalization of beer, is back with us again, as and as strong stupid as ever. As the story this time, goes Mr. Hoover's cabinet is wet by seven to three and the beer movement advanced by wet republican leaders of the east has the backing of a formidable group of administration officials. So, to believe your ears and perhaps your favorite newspaper, Mr. Hoover is all set to order beer, to emancipate the G. O. from the league and cut wet support out from under democrats. All of which is balderdash. The fact is that Mr. Hoover and the responsible leaders of the republican party have consistently stuck with the drys, sticking with them still and plan are to stick with them through 1932. There is not the slightest sign that their includes program beer, repeal or modification, either by executive proposal or platform plank. There is nothing to indicate that it includes any attitude on prohibition save humble kowtows to the you

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County Court Calendars

Compiled By

ALVINA M. KILLIGREW, Clerk

Room Three CHARLES E. Judge Sitting Gary October 12 HOLIDAY 13 Campbell. Hrasko. Trust Deutsch Trust Co. 14 Slicing Machine Co. Smith and Sons and and Green Baran. Holmes. Lumber Co. and and Thursday, 15 ChrisNational Ice and Coal Sash and Door Bank of America Baran. Klempa. Bank Cash Register October Hallo. Ready Roofing Trust Baran. Land Grant24509 County Savings and Loan Roofing Prod. Co. Lowell.

LAKE SUPERIOR COURT CLAUDE Judge Sitting Monday, October 12

13 Sitting Lake Court. Wednesday, October 14 Glover and Noyes Nat'l and Co. Corp.

Trust Co. Corp. and Iron Co. Morphis Bank Co. Robinson Finance Co.

Trust Co. Trust Co. Flour Co. Corp. v Cohn et al. Trust Brown Dauer et al. Gillott. Ins. Co. 24858 October 17 Estates Head. Lemburg. Jones. Boldt. Shadbolt. Kovacevich. Greenbaum.

LAKE SUPERIOR COURT Room CLYDE Judge Sitting Hammond 12 13 Lake County a and Mutual Motor Sales receiver Skufakiss Peoples State Lucka. Northern T and

Doan. Harvey State Bank, Nat'l Bank of Hammond Cupp. 14 36876 Kowalski. Cramer. and Assn Schneider Kleihege. to Acceptance Co. Friedman Matasar

37550 37012 Securities Co. Fedder 38039 Peoples 37568 Co. and Belman, receivand Belman, 37586 Footwear Co. al. National Railways. of Kelderman First guardianship LAKE COURT HON. Judge ROBERT ESTILL Attorney JOHN H. JOHN Week 12, 1931 TRIAL Haller, fraudulent October 13 11969 William Stanitz, perSeman, desertion. Blythe, 2nd degree Before Claude Ridgely 12066 Smith, grand and tery 11979 12081 Robert 12082 12083 Harry Ant12084 October 12027 VSLL. Buggrin, VSLL Agate, violating motor and Thursday, October reckless driv12177 Aabyar, Frank in Barry, vehicle Daniel Fair, Tornal George Tukencher, Levels, robbery 12246burglary. Victor George rape. Mitchell and Frank Haynes, carrying gun CASES FILED to 19th From Gurduaris, surety Ots, VSLL. VSLL. William murder. failure Herbst, larceny. Sanglio Harry 12271 phenson, 2nd degree burgremoval of 12272 Dreesen, on conditional sales assault 12273 Reed, failure to proPalatella, maintaining Cooper, false pretense. Herrera, maintaining 12280 burglary.

SAVING REW REFUSED LIFE Ran19-year-old Memphis dolph, girl offered had plunged into the him after her from Mississippi river to save The who attempted girl, herself into the suicide by throwing young and river, "was pretty to Randolph said exendangered his life plaining why he to rescue her.

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MORTGAGE FORECLOSURE SUITS FILED

One insurance politan Life, filed practically 50 per of the foreclosure suits in Hammond Superior courts since January check the court entry dockets revealed today. Although only 32 foreclosure suits been started in that time, the Metropolitan Life through its local attorneys, Bomberger, Peters Morthland, appears as plaintiff in 15 of the The powerful insurance company filed of day last and this morning added four more the growing list. Defendants in the suits filed today are: Cora B. Yager, al.: John Tumidalsky, William Williams, et al., and Uron Spafford, et al. Of the remaining foreclosure actions, eight by individuals, four by building and loan and four by ceivers for banks and by other plaintiffs in the corporation Building and Loan Loan, Building Loan and the Home Loan association, each; receiver People's State one: for Farmers' and Merchants' bank Highland, two; receiver Whiting State bank, and Lafayette Life Insurance Foreclosure actions filed by Hor. for defunct First Trust and bank, are not this total as the bank they are filed in a arate entry docket.

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You Hear That

BRUNOT IS CERTAIN THAT the next being Germany by the militaristic

AND Hammond patent sweating hydrocarbon oils.

BURGLARS BROKE INTO THE Exide Station Dougnight small the register.

FRANK MARYNOSKI, 6336 lumbia avenue, reported the theft bicycle from home yesterday.

TILMAN SHIELDS, ASSISTANT fisherman. hasn't how he has enjoyed snagging the finny tribe.

FRIENDS ARE PIQUED OVER mysterious visit Mrs. Sanaty, known North Side resident, to Defiance. O.

VICTORY LEGION POST 168 outdone those vets. They're organizing Last Man's club Monday night,

EVERY SCHOOL CHILD IN THE city inspector week part of fire prevention week's program.

JUDGING FROM THE NUMBER which disposing Hammond, their home booster paign is going great style.

LOT OF HAMMOND LEGIONstill paying for Chicago this example, not speak whisper.

CATHERINE REED, CALUMET City barmaid, singing the blues since her friend agreed to disagree. Give the little girl great hand, boys.

JOE MEYER, THE HERB MAN. the his along the Lincoln highway.

JUST WHY JOHN GLADISH, sign man, collecting lot pets lately, the problem his friends are trying There's the collection.

YOU CANNOT REACH ANY OF agents their offices Monday, know they're convenin the Hotel Gary.

UNITED Charles Surprise He's paid bills time for 132 receiverships he controls for the federal court.

CALUMET CITY'S finally Mayor are raise the Blue Eagle over the village.

LENA LITTLE WANTS TO know police out night checking the dogs the promenade see they had license tags.

EDDIE CHMIELEWSKI, SECREtary the Wilson invites all Hammond attend the social gathering the organDanceland Armistice night.

IF YOU MUST FISH IN WOLF Bill Gruener asks to the back into the real, fishing years.

JOHN ROHDE, WHO UNDERwent major operation Luke's hospital, recovering slowly. operation formed Loyis Schmidt and his Grauer

HERE'S SOME GOOD NEWS FOR depositors of First Trust and Savings bank. Receiver Harry E. Folk preparing another dividend How much or how does not know

PROSPERITY IS PAUL SMITH'S getting and machine drive with his bride on their honeymoon.

IT IS REPORTED HARRY Klucker and Coonie Schneider of treat for them after the dance.

MORE THAN 200 DEPOSITORS the old Peoples State bank held the Lloyd building last night consider proposal Receiver Harry Folk liquidating agent appointed. the plan attorney seemed too high to the depos-

MIKE RATKOV, BROTHER-IN- Oct. Vrsajkov, head the consumption Indiana clined during the Southeastern Packing Chesterton, tember, state excise departkilled week Mrs. ment's report showed announced today that he Vrsajkov would continue operate today. and restau- taxes collected from Sept. totaled rant.

MARTIN SATTLER. HAMmond's loan PRESIDENT CONFERENCE signs ment thinks the WITH STEEL four months bring Hammond some degree of its old By EDWARD LOCKETT perity.

MAYBE THIS HAS NOT BEEN fort in Pennanyway, the pocoal regions, President Calumet City Roosevelt sat conference that table White shortly violation before today sign the sidewalk without Five of them represented the permit. giant steel industry. other

IDA ROENNAU SPUN LIKE were Gen. Hugh nationget all Donthis morning papers federal loans Richberg, chief counready the which Clinn Ellyson, district