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MELVIN LOSES HARD FOUGHT GAME in closing the bank temporarily. Now the bank has plenty of money- more than the law requires and we might add that in order to make the public feel better satisfied and more secure, the stockholders have voluntarily assumed more personal liability on each share of stock. This is another added safety to the money belonging to the depositors. We might also add that state bank examiner has The above statement is furnished Darlene Andrews, daughter Mrs. Glenn Andrews, of us by the officials of the bank and born March 19, 1931, is correct. It clearly shows the away Wednesday, Jan. improvement in the condition of the The Commercial State Bank, of at 11:15 following bank when compared with the report Melvin was again open for busiof but three day from in an adjoining column. ness Wednesday morning and eumonia, The child was now stronger that ever before. year, 9 months and 29 This is a happy conclusion to the leaves bereaved Commercial Holiday, which, at first, older>sister, besides was viewed with alarm. other relatives. This is good news to Melvin lost 33 to 25, in their were held on depositors, and the general public, at o'elock at the game with Paxton last Friday night for it means that not one dollar 1:30 o'clock at the at Paxton. The game was very close until the last few minutes and during the money belonging to the depositors Church in Wall townthe third quarter our boys looked will be lost, also that those who have composed of L. like sure winners. The game was obligations in the way of notes, etc., Roland, Alfred Arends not won until the gun had been fired will be given an opportunity to pay Arends, accompanied by them as in the past. Arends, rendered the to mark the end of the game. Our boys played a wonderful game It has required strenuous efforts ocesion. Interagainst a team that is picked from on the part of the officials and in Glen Cemetery nearly 150 boys who attend P. C. stockholders of the bank to raise H. S. Donovan was high point man necessary money in times like extends sympathy to for Melvin and both Melvin guards present. True, there were plent at this time. got a field goal apiece in addition to of resources in the bank and it was At Home. their free throws. always solvent, but all know that Funeral In the final period, Mull, Paxton regardless of what a man owns, high point man of the year, was are all short of ready cash. forced out of the game with four only trouble with the bank was of her home in Chatshad concentrated their defense remain open. In this case M. against Mull and with this fresh means that the bank must have substitution their defense did not $18,000 when really it had but $5,800 function as well as in the first three at the time. Yes, there was an the affairs of the bank abundance of securities, but these fully and has pronounced periods. The first half ended with a score it were not cash, as the law requires, and so reported his of 10 to 10 and when our boys came and it was necessary that something to the state. The Auditor back strong in the third period and be done in order to save the insti- looking over his report, has had the score 23 to 18 in their favor, tution, so the bank was closed until also ronounced the bank to be safe it looked pretty favorable. such a time as some of these and permitted it to re-open. In the first game of the evening securities could be converted into This paper now believes the bank Paxton Grades defeated Gibson money. to be better condition today than Grades 15 to 9. The Melvin Re- We all know the pric of grain it was in its history. It has serves lost 38-to 10, to Paxton. and other farm produce and we of money in the bank and on The following is the summary of know further the farmers have sold in Chicago, subject to call. the main event: only grain enough to carry on- together with the fact that the PAXTON F P they are holding there grain hoping have practically all signed Stine, f 6 0 for better prices and we are all hoping to allow their money to Mull, f 2 2 4 that these will come soon. But in remain in the bank, allowing them to 4 0 0 the meantime, there were constant Kinney, f draw but 5 percent per month of 1 2 0 withdrawals of deposits to meet the Archer, money in the bank when it was 0 3 closed. Hutchison, g necessary expenses and this, tc- However, this will not 0 0 3 gether with the unrest and "whisperMoffett, g affect any deposits made now or in 1 0 0 ing campaign" which was carried on Higginson, g the future. It will simply prevent B F P resulted in the withdrawal of over MELVIN a 'run" on the bank. 3 3 0 Donovan, f $,7000 more than deposits during bank means much to this or 1 2 2 the month of December alone. Ford, any community and many of us will 2 0 Then both of the Gibson City Kysar, appreciate the convenience of our Snyder, banks closed and this caused more bank more now than ever before. 2 3 unrest and withdrawals an 1 resulted Meyers, g Had failed to re-open the results Score by quarters: would have been disastrous to many Paxton 3 15-33 of the citizens of the community. Paxton 6 15-33 Now that the danger is past, let Referee-Crowder (Watseka). us thankful, and let us continue Melvin plays Buckley at Buckley some of this co-operation which we on Jan. 27th for the last game begave the bank. If this 100 per fore the tournar ent at Gibson City. cent co-operation was continued this The Melvin Grade boys completely would be the best town in Illinois outplayed the Roberts Grades in less than one year, "believe it or Wednesday night at the local gym, not. Let us continue to boost our the score being 25 to 6 in favor of institutions, We can do wonders Melvin. when we really try. In a practice "game Wednesday night the M. C. H. S. squad defeated the town team, 46 to 29. The first Marking the Social Calendar of the game was fast but the town team tired as they were not used to the exercise. SALLY BROWNS BIRTHDAY COMES SARAH, THE SECOND Melvin plays Roberts the first OR THIRD SUNDAY IN game of the County tournament on AUGUST FOR THE AND SUE'S Wednesday of next week. The WEEK LATER IN SUNDAY PICNIC? MARK JUNE AND game starts at 6:00 P. M. Boost our IT'LL PROBABLY RAIN. USUALLY boys. THAT
