Gary State Bank (Gary, IN)

Article Text

RESTORED CONFIDENCE REPORTED BY

Deposits Exceed Withdrawals By Ratio of 2 to 5 to 1

Restored confidence in the soundness of Lake county's banking institutions was reported by executives this morning in recounting the business turn-over yesterday- first day of their reopening following a nine-day moratorium. Deposits, ranging from two to four times in case, more than that, were reported by each Institution. In every instance, the bankers stated that confidence completely restored. W. W. Gasser, president of the Gary State which is the banking Lake reflected the tenor of statements with the remarks: NEARLY NIL could not have asked for better day. Our deposits approximated $400,000 and in almost Customers excellent of mind. They cheerful hopeful, their attitude just the moratorium An even more optimistic ment came from G. Elam, vice president cashier of the MerBank of Hammond. have never spirit in my 20 of banking than that which yesterday our Mr. Elam my opinion, fear has been routed and confidence is stored. We look forward to the future Mr. Elam said deposits In his stitution exceeded $50,000 yesterday. He anticipates continued excess of of the Calumet Bank of reported drawals by five to tainly surprised by remarkable accorded bank yesterday by depositors and customers alike. It red letter day in the history of it indicates, fairly that (Continued on Two)

Article Text

RESTORED CONFIDENCE REPORTED BY

Deposits Exceed WithdrawBy Ratio of 2 to 5 to 1

Restored confidence in the soundness of Lake county's banking institutions was reported by executives this morning in recounting the business turn-over yesterday-the first day of their reopening following a nine-day moratorium. Deposits, ranging from four times in more than were reported by each institution. In every Instance, the bankers stated that confidence W. W. president the Gary State bank. which is largest banking institution in Lake county. reflected the general tenor of statements the remarks: NEARLY NIL could not for better day. Our deposits approximated $400,000 and our in almost nil. Customers an excellent of mind. cheerful contrasted their attitude just before the declared. An even more optimistic ment came from G. Elam, president and cashier of the Mercantile Bank of Hammond. seen better spirit in my 20 years of banking experience than that which prevailed yesterday in our Mr. said. "In my opinion, fear has been routed and confidence stored. We look forward to the future optimism." Mr. Elam said deposits in his He excess of Theodore cashier of the Calumet State Bank of reported deposits withdrawals by five tainly surprised by the markable accorded bank by depositors and customers alike. letter day in the history of Hammond and fairly that (Continued on Page

Article Text

Lake OMINOUS Co. Banks Over Business Received Happy WARNING KIDNAPED CHILD BACK UNHARMED CRACK PENNSY RESTORED ECONOMY FLYER IS PARTLY CONFIDENCE BILL NEAR DERAILEDINGARY BY VICTIM REPORTED ITS FINAL

Deposits Exceed Withdrawals By Ratio of 2 to 5 to 1

Restored confidence in the soundness of Lake county's banking institutions was reported by executives this morning in recounting the business turn-over yesterday-the first day of their reopening following a nine-day moratorium. Deposits, ranging from to four times withdrawals, and, in one case, more than that. were reported by each institution. In every the bankers stated that restored. W. W. Gasser, president of the Gary State which now the largest in Lake reflected the tenor of statements the NEARLY NIL could not for better day. Our mated $400,000 our comparison, almost nil tomers were in an excellent of mind. They hopeful, contrasted their dark attitude just before the declared. An even more optimistic statement came from Elam, vice president cashier of the Merof better spirit in my years of experience than that which prevailed yesterday institution," Mr. Elam said. opinion, fear been routed and confidence stored. We forward to the future considerable optimism." Elam said deposits his $50,000 He continued excess of deposits withdrawals. Theodore Moor, cashier of the Calumet State Bank reported deposits drawals by to tainly surprised by the markable response accorded bank depositors and customers red letter day in the history of Hammond and indicates, fairly conclusively, that (Continued Page

Double Fatality Results From South Shore Crash Last Night

Astrology's ominous prophecy to Blair Williams, 35. Chicago, an automobile mechanic, was borne out today as his body and that of a companion, Dorland S. McEvers, 34, lie in Hammond morgue, victims of a grade crossing crash at Calumet avenue and the South Shore interurban tracks in Hammond last night. Both died being rushed police shortly after they were riding crashed through the lowered gates and struck westbound The bodies found about the point intersect those of the railroad. The totally demolished, carried along the 500 by the impact of the colliMotorman H. Ireland, of told authorities the safety shut the impact of the Conductor Michigan City, verified this

ARNING PAPER queer twist fate first that police came across person when on which Sign of Taurus. Your March are 20, 29. adverse days for are and # Take no chances the days. Favorable days to start things Under date small in terday was March 15, the of according Coroner Andrew Hofmann, the result crushed skull, while panion succumbed compression is of not the their bodies being after viewing the demolished chine."

POLICE PUZZLED to how the happened which, it belonged to H. of LaGrange, Continued Page

Article Text

OMINOUS Over Business Received Lake Co. Banks Happy WARNING KIDNAPED CHILD BACK UNHARMED CRACK PENNSY Beer And Wine Just ECONOMY RESTORED FLYER IS PARTLY Around The Corner BILL NEAR CONFIDENCE DERAILEDINGARY

REPORTED

Deposits Exceed Withdrawals By Ratio of 2 to 5 to 1

Restored confidence in the soundness of Lake county's banking institutions was reported by executives this morning in recounting the business turn-over yesterday-the first day of their reopening following a nine-day moratorium. Deposits, ranging from to four times withdrawals, and, in one even more than that, were reported by each institution. In every the bankers stated that confidence completely restored. W. W. Gasser, president of the Gary State bank, which the largest banking institution in Lake is reflected the general tenor of the remarks: NEARLY NIL for better day. mated $400,000 in comparison, almost nil. Customers were an excellent frame mind. They cheerful contrasted their dark attitude just before the moratorium declared.' An even more optimistic ment came from Elam, vice president and cashier of the Mercantile Bank of Hammond, have never better spirit in my years banking experience than that which prevailed yesterday in institution,' Mr. Elam said. my has been routed stored. look future considerable optimism.' Mr. Elam said deposits in his in$50,000 yesterday. anticipates continued excess of deposits withdrawals. Theodore Moor, cashier of the Calumet State Bank of reported deposits exceeded withdrawals by five to "We certainly surprised by the markable response accorded our bank yesterday by depositors and customers alike. red letter day in the history of Hammond and indicates, fairly conclusively, that (Continued Two)