Benton Harbor News Palladium Newspaper Archives Jun 23 1930, Page 1

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News-Palladium, The (Newspaper) - June 23, 1930, Benton Harbor, MichiganTo St. Joe Banks merge editorial several months ago when Blair Mcelroy committed Sui cide and left his dying message to his partner to take care of Tebbe and Blue he depositors in the Union Bank of Joseph of which Tebbe is president became alarmed. There was no run on the Bank met there was a constant Drain of deposits and the Board of directors of the Union Bank de voided that the Wise thing to do was to merge the two St. Joseph Banks. This was done today and now St. Joseph has but a single Bank the commercial National which is in Conse Quence the largest Bank in Burrien county. In taking Over the Union the commercial National has received the assistance of several of the other leading Banks in the county. The assisting Banks have purchased from the files of the Union a Large Block of mortgages that Are prime paper and which could not be turned into Cash without suffering a substantial discount. The Sale of these securities gives the commercial National a larger Cash Reserve than was Ever carried by any Bank at any time in this Community. .1 he suicide of Mcelroy was Only one of the contributing causes that led the Union to the merger previous to the death of Mcelroy was the sudden passing of j. Ogden Wells the former president and leading spirit in the Union. Or. Wells and his company carried deposits of several Hundred thou Sands of dollars and after his death these Large sums were withdrawn making a deep impression on the Bank s Cash re serve. The merger which guarantees every depositor in the Union his Money As he wants it Speaks Well for the banking stability of this Community. The Union might have liquidated and in that Case depositors would have received their Money with interest but in the meantime they would have been temporarily deprived of the use of their funds. Police Nab bandits with Auto Arsenal three youths held after Auto tips Over Here Dowagiac girls also in custody a speeding automobile dashed up Michigan Street shortly after 7 Oclock sunday evening and Tunica up Hie Luke Street Hill. It s High Speed caused it to turn Over onto ils left Side. Two Young men and two girls got out and started downtown. Officer Ernest ten Rudko was passim Ulm investigated the wreck in the car to found three Mawod off ton minutes later near the Wiggins drug store on Elm Street and Colfax Avenue to look into custody Robert Mauley 19, of a tics Bert Hartsell 20, of Buchanan Jay Kruyf is Dowagiac and Ruth Woolcox 22, of Down line. Barry launches inquiry in Piti in Wal joint i3nrry of Iho Fileti ton la Arbor police he in which solved the Ernie to robbery of n filling Stu ton Here saturday night Trio Rob fiery of a duchy Gnu Han Uvaro store on wednesday a split and an Auto Moullo theft in Indiana on Friday. Juno 13. The policy also investigated Sev eral unsolved robberies in Merrlen county in recent weeks. Several Job Bury victims arc paid to 1mvo part Lilly identified Harlson for other holdups. At Midnight. Caplan Harry Ami Deputy churl or Andrews of Tho Fiorin s of Loo took Len Ratell to Wii Chan an Thoro they uric std Honor Sickora 22, of Buchanan who con fessed to having been n third parti cd Patty in Satin any night s or Ito. Pollen were convinced they said. Grilling their prisoners until a o clock this Moru Iii that liar sell was Tho ringleader. So Nelcy and victors the of Luccis believe arc attn tiits. The Turco confessed no Cordler to flip police Tinl they held up Miller s service station on South l Lpes Tono a Reot non Umpire Avenue at o clock saturday night. Mil son of Ali e owner attend not. While one of the Trio san cd in Tho car. Miller said one covered him with a automatic pistol and the other to Iscil him. They got approximately 525 in Cash. They then drove away. They worked Miller said. Tho whole thing could t Bare taken More than a Manly claims they had Boon drinking and that to had passed out before the robbery. He recovered just us they Wero leaving the Lilling station he said in his Confes Sion. Returned to Niles they returned to Niles where Hie Money a s split. Vickers and Hart sell claimed it was split three ways while Mii Uley says to Ltd not gel any Iff the loot. After returning to Nilos they picked up three friends and went to i wedding near new Troy. It broke tin around Dayi Glit Ami they returned to Buchanan. There they left victors it his Home. Manly Ami in resell went to Iho toilet s Homo where Licy slept until noon. On sunday afternoon they went to Down line there they got Hartsell s brother who Livos in St. Joseph and the girls. They brought Hart sell s brother to Houlou Harbor and Wero starting to return to Dowa Lilac when the Accident happened they turn to eight three Oaks woman knits Bonnet for Lindy s son special to the news pall Liim three Oak limn to both Lee Whoso Hobby is making Bounts for babies All Over the noun Ity has Iho Honor of presenting a Pink rib boned baby helmet in Ido in the latest. 1930 Stylo to Ilio son or col. And mrs. Charles a. Lindbergh Tho Bonnet was in sunday s nor mall from Herrien comity to Tho Lindbergh Homo where lie Lind Bergh Hilr was born of sunday it Englewood. N. Mrs. Leo has possibly crocheted maj of children s bonnets than any woman in Michigan. Sho first Hegnin Dainty work for her Gratl find then began to Niakan them for babies Whoso pictures Sio would find in who Rolo. Gravure sections of newspapers. Babies in practically every Santo. In Tho Union Ivo received her Bonnet gifts Anil candid their pleasure. Mows papers nil Over country Havo Fea tured stories of mra. Loo s work. Many hours of labor went into Tho making of Tho Bonnet for lie Lind Berghs son. Mrs. Leo bus watched for news of the Imby s arrival and bin cd up late to finish Iho Hannot. In mrs. Loc s already jacked scrap Liok there la reserved a Spe Cial space for Tho intrepid aviator s new son. In Tho Book is pasted hundreds of clippings and pictures of Bah los she Baa knit cd Lionuel for together with letters of a know lodgement. L inventor also mrs. Loo has also been an invent or. Sho was Trio Molber of Iho idea for a nun Shailo o to Mailo out of fam Cervione n product of the Warren Pentlick Rotono factory it thief Oaks. Sim invented n collapsible Wal lira rect. For Plain i. Or. And mrs. Leo celebrated their mrs. Joseph Lee Folh wedding anniversary last de Cember 10, i32d, and Tho entire Countryside was Bidden to Tho Celebration. Mrs. Lee s Fame has Boito a Tonii hut is very mod Cal. Tor More than a Quarter of n Century Sho has been in Cradle Roll Mim Lelond Clit of Tho methodist sunday school Al Trace Oaks weather lower Michigan showers and thur test o r s probably tonight and t n e d a morning cooler tuesday and in extreme West portion tonight. Berrien s biggest buy for Reader and for advertiser consolidated feb. 29, 1904 Benton Harbor Mich. Monday june 14 pages Price three cents world acclaim Lindbergh son messages Are pouring into Home Anne is res Floell baby born on birth Day of Mother at Morrow estate has blonde hair Blue eyes like dad by associated press 13nglewood, n. J., Juno colonel and mrs. Charles a. Lind Bergh Are the parents of n son. The baby weighing seven and three quarters pounds was born at a m., Eastern Standard time yesterday in the Home where his Mother the former Anne Morrow was Horn. She became a Mother on her birthday. Aside from the statement of the baby s Birtle and his weight no de mils of Tia event were forthcoming from the household of mrs. Lind Bergh s parents ambassador and mrs. Dwight w. Morrow except the statement that Mother ainu baby Iverd resting comfortably. News spreads rapidly news of the arrival of the Lind Bergh heir spread rapidly to All parts of the country Ami to foreign shores. And within a abort time a Parade of messengers with congratulatory messages and bearing Flowers began to arrive at the Morrow Home. Radio stations interrupted their programs to broadcast news of Tho event which has been awaited with Lively interest for several weeks. A name has not been announced for Tho new arrival but Charles a Lindbergh jr., for his father or Dwight Morrow Lindbergh after his Grandfather were mentioned As prob Able choices. Preparations which had been made for mrs. Lindbergh s reception in a new York Hospital Wero cancelled sever no clays ago and Hospital equip ment and two nurses were installed in Tho Morrow Home. The arrival of messengers troop ing up Tho drive to the House was tile Only sign about the Morrow Home to indicate that so momentous an event had taken place Tho birth of a Young Lindbergh. Thero were oven persons within die House at the ilme Olio did not learn of the Birtle until Ibey left and were by outsiders. Among Hosn were mayor c. P kit sch of Inglewood and Dauwei i Mcroy Republican National Coin Mittleman who had called of ambassador Morrow. "1 n a hit mayor act chill said 1 left ambassador Morrow after 5 Oclock and to novel said a Vav Uva about it. Como to think of ii. A gentleman passed in a bit at a hurry while i wag in the House but to would t talk to to must have been Tho mrs. Lindbergh who has been her husband s constant companion in the air since thief a marriage May 27, 1920, continued her flying to within n Short time of Ilio baby s birth. Ten Days ago she had accompanied him in n test flight of a. Small Mono plane. The Only description of the baby was the statement of a. Servant in Tho Morrow household who was quoted As saying that he looks like his to has. Blonde hah and Blue eyes. Colonel is Calm friends said colonel Lindbergh look Iho news of his son s Birtle with an no Scaram a of outward Calm but that Iho Grandfather. Ambassador Morrow gave Frank expression to his elation. They also said Ilia the arrival of a boy conformed o Tho wishes of both colonel Hundl Borgh and Bis a flu for a son. Tvs. Lindbergh had invited a few friends to celebrates be birthday with her. Plans for Tho birthday party wore hastily put aside. For the Advent of Young or. Lindbergh. Mrs. Lindbergh is a graduate of Smith College. Among her class males Sho was known As a studious dreamy girl with a Talent for writ ing poetry. Romance beam in Mexico Anno Morrow was with her parents at ambassador Morrow s Post in Mexico City in december 1527, when Lindbergh flow to the mexican capital at Tho Behest of Iho govern ment on n Goodwill Mission. To was at Iho null Oil Slater please turn to Imge Al get Naii Clair every evening it shall owl Anil. Chuck Arbor and has com Moore orchestra. Adv g-17tf, Lindy and Anne have son commercial Union Banks Are merged in St. Joseph today former becomes Berrien s largest Bank through consolidation accounts x transferred staff enlarged without two Day St. Joseph today was today the entire banking business of the Union banking company one of the Pioneer financial institutions in Merrlen and the oldest Bank in St Joseph was taken Over by the commercial National Bank Trust com Pany. Disposal of the Union s business to the commercial National Morvi f encountered in carrying Large amounts of sound out Long time Bonds and mortgages. There was no pause in banking _ activities. The Union opened As usual at the Corner of ship and the will he in fact a real state streets this morning but Pat of the two Rons were informed of the Consolida consolidation of the routine Bank lion and advised that henceforth ,8 business today was merely tech mrs. Anne Lindbergh presented her flying husband colonel Charles a. Lindbergh with a 7% Pound at the Morrow Home in Englewood n. J., everybody s doing Well and the whole world rejoices. 1curyhits 82 today As City steams Benton Harbor feels effect of severe mid West heat wave the third official Day of sum Mer today shot the Mercury up to for the hottest Day of the season. At noon today the ice Pertuit was an even 92 at 12 o clock. Chicago. June heat wave that topped Trio Century Murk shoved Tho Middle West into the water yesterday. The hottest spol in lire Central area was Anna 111., Wilh a tempera Turo or 110. Be Nuralla 111., was Ninner in with 105. St. Louis sheltered at 102, and Omaha noli., was blistering with 100. Sioux City la., with a had its hottest june Day since 102fi Carlo. Iii., Lin Coin. Neb., Nind Ken Neville ind., wore one degree better off with of and Pip Stone minn., reported 90. Beaches pools and lakes were crowded everywhere. At Dos to tics la., two men drowned while swimming. They Wero Wil Liam scr her is and Lester Rees 25. Although Chicago lie Tiches will not to officially opened until next saturday thousands thronged them yesterday despite Tho absence of life guards. Pour drowned saturday night when a boat capsized in a storm on Reid s Lake near Tryon. Neb. They were p. N. Shepherd Lincoln. Nel k. T. Robertson Hastings neb., a miss St. John Kearney x cb., nud an unidentified woman. Hoover accepts bid Washington june Dent Hoover today accepted an invitation extended by Flo Vornor Dorn of Utah to address by radio of Luno 30 Tho governors conference Al Salt Lake City. The address will he Brief and will be broadcast Over both Tho National Anil Columbia chains. Holdup and Rob Kuy insurance can he had it Small Cost from Chaddock Agency. Liar b-23ii. Anne shares career of famous mate by associated press Kis Glenwood n. J., june within the last few a Crews mrs. Charles a. Lindbergh deserted the sky Highway for a quiet stay at the Home of her parents or. And mrs. Div Light w. Morrow where yesterday she presented Lluy with a Bon. With one known exception a Short flight with her husband May 22, Anno Lindbergh remained in comparative seclusion since that by eath taking record breaking trans Continental hop with colonel Lind Bergh april 20, easter sunday. That was tire to nearly a year of almost ceaseless aeronautical adventure and achievement for the Lono Eagle s wife. High spots of Anne Lindbergh s Aerial ventures since her marriage May 27 last year follow she Learned to and navigate an air plane and received her Pilot s License. She won her older Pilot s License. She navigated the plane in which she and her husband tet a Speed record for transcontinental flight. She photographed from the air ancient Lhost cities of the mayan Jungle. Mrs. Lindbergh s flight since her marriage total nearly Miles they include two transcontinental flights to los Angeles and return. A mile trip Over the May an Jungles and through the carib bean sea Region. A trip West to the Cleveland air races and return a trip to Maine and return. A race Westward As far As Wichita kas., to Hunt for the lost t. A. T. Transport City of san Francl co. Older flights in California this a prong. Innumerable Thart air plane hops alone and with her husband. At the Lake temperature of Tho Lake of. Enterprise dry cleaners 1s6 Wall Street. Harbor 285. 6-1su local youth to travel Over Europe by horseback Julius Fisher of Kun cold Avenue who last wednesday was graduated from the Benton Harbor High school. Is Kong to tour Kropo on term horse which brought him to school every Day. Julius will ride Tho horse to n of Orleans. There Tho Hora will to placed Abonal it cattle ship bound for France. Julius will work his passage. After arriving in Franco Julius plans to tour several of Tho euro Roan countries on horseback. To Han obtained his passport at to office of county clerk Benjamin h. Zittner. The youth always Rode his horse to school while Allomong the col fax Avenue institution Here. Stock rally to get Back Earl losses another wave of liquidation is checked in n. Y., this noon associated press new York june of to a share were replaced by gains of similar extent on the York Stock Exchange today after the latest wave of liquidation swept violently out of the Market during Trio Early hours of trading. Stocks were sole in blocks of to 000 shares during the first few min utes of trading but trading turned extremely Dull Ufier midday. The Early trailing Hart indicated that the Market was beginning a fourth week with the downward trend unchecked. The decline was accelerated by another Sharp break in the Chicago Grain Market where the july position went below 90 cents a Bushel Tor the first time since 1314. Both stocks and Grain were inclined to rally Laler How Ever. Market sentiment was decidedly mixed in brokerage circles and few commission houses were willing to advocate Purchase of stocks save in Small amounts for Long term invest ment. Byrd and Lindy congratulate each other by associated press York june Charles a. Lindbergh and read Admiral Richard e. Byrd met today and exchanged congratulations. Colonel Lindbergh congratulated the Admiral on his Conquest of the South pole. Admiral Byrd congratulated Lindbergh on the arrival of a son yesterday. They met in the hotel Biltmore where Byrd it making hit and went immediately to the room of a Friend for a Good visit. The flying colonel was deluged with congratulations on his fatherhood when he arrived at the hotel but did not mention the subject himself. He answered the congratulations colonel with Only a Grin. Temperatures headings from monday noon 12 3 76 i p. M. .72 12 a. 72 sunday noon to rn.70 6 a 9 a. 13 n.92 sanitary cleaners St. Joseph 900. Ono Day ser Lee. 6-1611 Ion and advised that henceforth their accounts will be handled by the commercial National. Commercial and savings deposits were shifted Latall to the Commer Cial National. Other Banks cooperate the consolidation was carried put in All ils details with the cooperation of the other Merrlen county Banks which have take Over a Large blocks of Union s Long time paper. Thelsen leading Michigan in dependent Oil dealer and a director of the mid continent Petroleum corporation is president of the Consoli Dation. He has been president of the commercial since 1825. Fred w. Tobbe was head of the Union banking company organized in 1ss2. He has not announced his plans for the future. Today s merger makes the com Mercial National Bank and Trust company the largest Bank in Ber leu county. While several factors contributed to the decision to merge the Banks one of Tho chief was the gradual withdrawal of accounts inspired to considerable measure by the Sui cide in Chicago last january of Blair Mcelroy of the theatrical firm of Fitzpatrick Mcelroy and Mcelroy s last note which said take care of Many depositors got a Tarse and exaggerated idea of the Elroy influence in the Bank and while there was no run there was a slow but steady withdrawal of accounts because of Mcelroy a dying message. Wells death big Factor a very important cause of the de crease in the Bank s business was the sudden death last year of j. O Wells president of the Bank and chief owner of the Cooper Wells hosiery Mill. The Mill and or. Personally carried a balance of never less than several Hundred thousand dollars and with the hosiery fac tory in other hands this account was withdrawn. Huh stantian had or Wells lived the Union would have experienced no difficulty. The merger will result at once in the increase of the capital Stock of the commercial and the enlargement of the Board of directors by the addition of directors from the Union. Ileal. All savings and checking accounts were transferred intact and ranking business went on a usual the Only difference being that act Al please turn to Page formal notice of Bank merge the following official announce ment of the Union Cota Mercoal Bank merger in St. Joseph monday Wai issued today by j. Whetsen dont of the commercial National Bank and Trust company june 23, 1930. For some months past have been under Way Between Board of directors o Union Bank ing company and commercial National Bank and Trust company with the idea in mind of consolidating combined resources of St. Financial institutions. This Consolida Tion was finally completed with approval and consent of both National and the state banking apartments on saturday and took effect monday morning june 23. To feel that it has been a for Ward step in banking circles in Tus Community. In the past few years mergers have been going on about us and Many of our manufacturing arid Industrial institutions Havo grown to such proportions that a much larger institution is necessary to for their financial needs and such consolidation was deemed necessary by both boards. We feel that Thi needs and interests of the Community will to better served by one Larga institution with combined and a greater Field for usefulness we want All patrons of both i Stith tons to feel at Homo in this new1 institution. Every measure will taken for the prompt and efficient handling of their business Ana Thi Safe guarding of their and we believe St. Joseph is to be Coati a lamented on thus obtaining one. Of the largest and soundest Bank tin Tot uses imitated with the Reserve system in southwestern1-1" Michigan. N a. Theison president commercial a Trust i state senator Barnard is candidate for Congress George s. Barnard of Benton har Bor for 10 years representative and senator in the state legislature today hurled his hat into the ring Tor the Republican nomination for United states representative from the fourth congressional District. Senator Barnard will Challenge rep. John c. Ketcham s strength at Tho polls in the september primaries. Formal announcement of his Candi Dacy was made by the s ate senator today. The Benton Harbor Man has built up a Large Circle of friends during his 10 years in the he represents Berrien and Cass counties in the Tipper House at Lansing now and is serving on important committees. He is chairman of the horticultural Hanking and drainage committees and is a member of the important finance nun and Means and educational committees. About the Only important Senate committee that docs not include or. Barnard is the Highway committee. Senator Barnard was born in Bain bulge township mail has Long urea n prominent druggy hero

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