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Newspaper
Carthage Citizen
Location
Carthage, Indiana, United States of America
Date
Jan 10, 1936
Page
2
A discussion of bank closings during the early 1930s and the shift to liquidations paying substantial deposits. It follows a country banker facing farm foreclosures, bankruptcies, and loan renewals while maintaining focus on sound farming loans and real farmer customers amid a market collapse.
Report shows assets total 487 367.65 with loans and discounts 139 818.32 and deposits 355 616.92. Capital 199 915.00 includes common stock 100 000 and surplus 25 000. Undivided profits 6 750.73. Liabilities and pledged totals listed. sworn by cashier Howard E. Henley before Notary Peter J. Sattler on January 6, 1936.
The crankshaft has revolved 30000000 times and the camshaft 15000000. Each valve opened and closed 15000000 times. Breaker points opened and closed 90000000 times. Spark plugs fired 15000000 times. Ignition coil delivered 90000000 sparks. Ignition cables carried 1950000000 volts. Fuel pump operated 15 times. Air used by carburetor 2310000 cubic feet. Gasoline consumed 825 gallons. Clutch transmission universal joints rear axle pinion shaft revolved 30000000 times. Rear axle and tires turned 7500000 times.
Bryce Mull of near Rushville pleaded guilty to driving while under the influence and was fined $25 and costs Saturday in city court. A sixty day sentence was imposed but suspended on good behavior. Mull, arrested Friday night in Rushville, lacked a driver's license. Mayor Frazee recommended a six month license ban.
Jas Tarbet county treasurer reports state gasoline tax checks totaling 22408.20 received and placed in the county highway fund. City clerk treasurer shares 1482.17 for materials and labor on city streets. One half of the total pension payout last year was paid to the county treasurer by the state with a check for 6758.50.
Mrs John Butler Mrs Robert McClarnon and Mr Charles Rhodes called on Mr John Butler at the Methodist hospital Sunday afternoon.
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