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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.
