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New Mercantile Bank ing Is Opened in Hammond HAMMOND, Ind. Dec. being bankless since January 2nd this Indiana city of 100,000 had a. bank again today. Mercantile bank opened today with capitalization $100,000. Alex Berger was president the new G. Elam, formerly Louis, cashier, and John St. Carroll, assistant cashier. Two other new banks for which the state charter board already issued open the Union bank They are of the Security Bank and Trust
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Lake Banks Over Business OMINOUS Co. Received Happy WARNING KIDNAPED CHILD BACK UNHARMED CRACK PENNSY RESTORED ECONOMY FLYER IS PARTLY IGNORED CONFIDENCE BILL NEAR DERAILEDINGARY BY VICTIM REPORTED ITS FINAL Chair Car And Diner of "New Yorker" Leave the Double Fatality Results From Rails Near 4th Ave. PASSAGE South Shore Crash Last Dosits 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 two to four times withdrawals. and, in one more than ported by each In every instance, the bankers stated that confidence completely restored. W. Gasser, president of the Gary which the banking in Lake county. reflected the tenor of statements the NEARLY NIL could not for day. deposits approxi$400,000 comparison, were almost nil. Stomers were in an excellent frame mind. They dark attitude just before the moratorium was declared." An even more optimistic statement came from president and cashier of the Mercantile Bank of Hammond. never better spirit in my 20 years of banking experience than that which Mr. Elam said. "In my opinion, fear has been routed and confidence is restored. We look forward to the future optimism." Mr. Elam said deposits in his inatitution exceeded $50,000 yesterday. He anticipates continued excess of deposits Theodore Moor, of the Calumet State Bank of reported deposits exceeded withdrawals by five to certainly surprised by the markable response accorded bank yesterday by depositors and alike. It red letter day in the history of Hammond and (Continued on Page Two) 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 a Hammond morgue, victims of a grade crossing crash at Calumet avenue and the South Shore interurban tracks in Hammond last night. Both died while rushed to St. Margaret's hospital by police after light coupe were riding through the lowered and struck by The found 250 the the the than 500 feet by Motorman City, told that valve shut the of that unable of City, verified this PAPER that for of on which following warnof Taurus. Your good days for March 29. Your days are 21 Take no chances on the verse days. Favorable days good things the terday was March 15, the March." to Coroner result panion compression and is ing that of both the today. their bodies the chine." POLICE PUZZLED Police to how the happened in the which, it belonged to Charles H. Brown, of LaGrange, III. WII(Continued Page
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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
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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)