The Indianapolis Star from Indianapolis, Indiana • Page 13

13 THE INDIANAPOLIS STAR, TUESDAY, JANUARY 3, 1033. HUGE CASH SURPLUS Latest News From Cities and Towns Over Indiana Repeal Interest Recalls Early Liquor Control Ordinance at Crawfordsville READY FOR REVIVAL Indianapolis Banks Hold More Than $42,000,000 Idle Money, Awaiting Opportunity to Further Recovery in Business. "Colonel Jimmy9 Lang, Sullivan, Dies; Rose From Slums to Bank Presidency PEDESTRIAN DIES WHEW HIT BY CAR UN WOUNDED ON RIDE, REPORT Charleston, S. C. Florence, S.

Raleigh, N. C. Charlotte, N. C. Spartansburg, S.

C. Asheville, N. and Morgantown. He worked in a restaurant, as a clerk in a hotel and by mowing lawns and doing odd jobs. During his trials "Cot.

Jimmy" and his friends admitted that many of the transactions that took place in the bank were not in strict accordance with ethics, banking laws or procedure. Mr. Lang testified that he forged notes and placed them in the bank's vaults and then took out "good" notes to total the same amount. He explained that he did that to "get by" the sate bank examiner. The examiner had criticized him previously on some of the notes which the institution held.

Never Profited, He Said. The elderly banker repeatedly insisted that he never profited personally by the alleged irregular transactions. He said the only money he had when he left Sullivan was $500 which he had obtained through a personal loan. The thing that closed the doors of the Citizens Trust Company and set the law hunting for Mr, Lang was the claim of William Abbott of Spencer. The Indiana Supreme court later held that Abbott was entitled to his deposits of $60,955.06, but that he was not entitled to make a preferred claim to $35,575.80 in bonds which he left in the bank for safe keeping.

At one of his trials, Mr. Lang testified he possessed only one dollar. After two juries had failed to agree, Sullivan county authorities abandoned efforts to convict the banker. Until his death, Mr. Lang lived in retirement.

ing paying into the treasury of said Corporation the sum of Eight Dollars, for which sum it shall be the duty of said Treasurer to give his receipt. And, it shall be the further duty of said treasurer to keep a Hook wherein he shall keep regular and correct entries of the names of all persons so applying receiving a license as aforesaid, and also the exact time when such license was granted, and the time when the same shall expire." Trnttlc, Law Tassed. At the time the ordinance was passi'd Henry Rial inn was president of the hoard, Isaac Naylor, editor of the Record, was clerk; Francis Miller was treasurer, and J. Angle was clcik pro tern. At the same meeting the board adopted a traffic law making it illegal to drive or ride horses at a gait faster than a trot.

Drivers also were ordered to tie their horses securely to prevent runaways. News of the Courts. hi I'rkme cnritT. AS TRACTS. Rehearing Denied -Divorce.

2.91H. Klepter vb Klepter. Marion R. C. pHHion fur rehearm dented.

Martin, J. (Ii Th court holds that the expressions tn opinions that I ho artl-(iHVIt of residence is liinMiietinn.il. is nrt intended to nuly In Hie extent of lmld- iriR thai. Judgments nf divorce may be collaterally attacked on (he ground ol' th ihhulliciemy nf th Hfltdiivtt ol residence. That In this case there Is an anneal, that the record thai the atlidnvit m.is sworn to le II, nrjH.

and Ihe action not (tied until Jan. l.s, HillO, and the appellee, testified thai ha lett (he county "about hrlMnms ami nnn of his residence wit nesses did not know ainihui ahout ap pellens resilience after Christ man. i'XJH and the other had only known hun In a hiiHtnem wav and did not Unvr any ac curate know led kp, an to his particular place of residence, appellee. d'HH yUik thai he left Marion comity lo in Ins mother's In Hamilton county, so there was no real snowing u( acl ual residence in I he cntinl for two weeks or mum prior lo the tiling 01 uio. action, "ihe appellee did imt allege, in his nWdavIl nf Ins residence, nor did he prove at the trial facts jnitttcieiit.

in meet the renmrenient of ihe, statue." A new rial ts ordered, with leave, to amend the affidavit id residence. Assignee liepotts claim (i.r Hervices In re assignment ol Oavls, etc Henry C. C. Iteversed Martin, I. concurs Jn results (filed Dec.

Mill in An assignee was appointed for a mercantile business, claims were illed and two of llieni contested, and finally Hie assignee tiled a final report, snowline administration of the trust and distribution creditors of all hut costs, whicn included claim or Ihe assignee for $475 and nf his attorney for $tUt. The court took the report under advisement, and thereafter enlered an order reducing the assignee's claim ft 00 and the attorney's claim Sl'UO, and providing that on showing of distribution of the to the creditors the report would he approved. The original report showed the senpe i.r the work done hy the assignee and his attorney, and after the action of the court the assignee) led a vended motion, thai he nor his attorney were, present al the lime i ihe. acl Ion of the court on the repori to ve exception therein, and agmn seitlng forth Ihe extent of service and moved the court to set aside tin action on Ihe repori and to hear evidence regarding I he value or the services of nhsiunc. and his attorney.

'I he I na I court overruled this mot ion and Ihe assignee has appealed. The court holds that while a court may he able to lake judicial notice of Ihe vn'lue of rendered, thai where one who rendered services duly rcpuis that lie be nivcn op port unity to prrwul evidence ol Ihe value of Ihe services rendered, Ilia! the court permit evidence lo be presented In Ihe eourl on such subject. Hanks and Hanking Insolvent Hanks Preferred Claims. l-'idcliiv and deposit Company vs. Hrucker, receiver.

White C. c. Aflmned. Martin, .1, Travis, not. part m-ipahhK-ili Appellee is receiver ol a bank ami ap pedum tiled a pet i Hon to he allowed a priority ol claim lor the, payment or a claim as bond on depository of public Hinds ol the stale ol Indiana genenii lurid, which appellant had been compelled in pay.

There was a stipulation of facts that the receiver had paid a general Hi per cent dividend lo the gene i a I creditors and sufficient funds remained bv which the appellant's claim could be paid in lull "Ihe. principal question of law presented by this appeal is, does Ihe slate of Indiana have a right of preference over other depositors ot an insolvent bank in the liquidation of its asseis by There Is no such right hpeciiiraliy by statute, and tha id her statutes are reviewed. It la held that while the common law of Kn gland Is adopt ed, that, nothing therein which is Inconsistent with Ihe spirit of our free Institutions can he construed as adopted. "The source of all government a I power In 1 ht.s state is the people. Any sovereign prerogatives Hun stale may have, come from the sovereign power ot the people, and are ordinarily expressed in the const II ion or in the st at ntes.

"When he stale determines to place, the hi mis It has collected in a bank as a general deposit, subject to check, and hearing interest It enters upon a business transaction with the hanking corporation, i lie fame as any cit ten might do and In ihe absence of express legislation to the contrary, the courts can not and should not extend ihe preference Hint inheres Ihe sovereign exercise of governmental functions to tn' lude su business ra nsar I ion. KspeMaltv Is this true where a receiver han hrn appointed lor Ihe insolvent hank and the rlphis of all the rredllors nf the hank ha vo been attache In the funds In his band The decisions are ctlM and their conflict and 11 Is held that (hern ts no showing nf any Inherent right of the slate for preference nor any showing of Inipnt on the part of the legislature, to create such ngh' or preferpnep. so that, th state not having any right of preference ih'-re is no right nf appellant to any subrogation to a preference. ACTfONR. Dunlap vs.

nlate. Newton f. Appfliant petition for rehearing Is denied 2NRH0 Moss vs. state O. C.

Appellant's petition for rehearing Is denied. Mli7ft. vs city of Kvansvllle. Vanderhnrg R. c.

Appellant's petition lo transfer in denied. 14M.VV Allrndorf et vs. city of Indianapolis et al. Marlon C. C.

Appellant's petition to transfer Is denied. AITF.r.l.ATK fOCKT. MINUTKH. 147S2. AlspftilRll VR.

Ihe. New Ynrk, Chi. chko 6c St. IjOijik RhIIwhv Company. Tipton C.

C. Appellee' hrlefn. REYNOLDS CUTS PRICE. WINSTON A LK.M, N. Jan.

2. 'Pt A reduction of Po cents a thousand in the price of its 15-cent brand of cigarettes, making the wholesale price $(i a thousand, was announced tonight, by the R. J. Reynolds Tohaco Company. The reduction goes into effect at the opening of business tomorrow.

Officials said the cut was made to meet, a similar move on the part of the American Tobacco Company. Special to The Indianapolis Star. CRAWFORDSVILLE, Jan. 2. With legalization of beer one of the chief legislative topics of the day, local residents have been reminded of an early liquor control ordinance passed by the town board of Craw fordsville in 1S34.

The ordinance, relating to licensing of liquor dealers, was published in the Crawfordsville Record of Dec. 6. and photostatic copies of the paper are in the possession of Harry Wade of Indianapolis, grandson of the editor. Was License Fee. The town board's action states "that it shall be lawful for Treasurer of said Corporation, upon application made by any person or persons wishing to obtain a license for retailing sniritous liquor by a less quantity than a quart, to grant a license for that purpose for one year, upon the person or persons so apply Embezzlement of $16,363 in County Funds Charged by Successor.

TF.KRK H.t"rrc, Jan. 2 (fll Fred A. Slalnakor, retiring clerk of the Vigo Circuit court, was arrested here late today on a warrant charging embezzlement nf in county funtJs. Slalnakcr, who was Republican candidal for sheriff at Hie last election, was taken to jail by his successful opponent, William Maker, as the lat tor's first official act. Served Two Terms.

The warrant against Stalnnker was issued to Prosecutor Charles C. Whillock by Stalnaker's successor, Jerry Fitzgerald. Slalnakcr finished his second term as clerk Saturday. Today he turned over to his successor without listing the funds to which It belonged. He, also failed to make his final quarterly report.

Bond was set at $10,000. White House Reception Veteran Calls Anyway WASHINGTON, Jan. J. W. Hiincfeld, who is proud of his attendance record at the annual White House New Year's day reception, stood in front of Ihe executive mansion hrigbl and early today and fretted because President Hoover went to Florida td Mull and canceled the gala affair.

Hunrfi'ld knew Mr. Hoover was away and there would be no reception, hut said lie wanted to keep Mis record unbroken and see "if that gate was still hanging." He lingered a moment or so, chatted with a policeman and departed. Another While House visitor lodny was .1. W. lilaisdell, G.

A. It. veteran who presented himself at Ihe gate shortly after Hunefeld retired. also knew the reception had been canceled. He said he wanted to look once more at the mansion he first, visited seventy-one years ago during the administration of Abraham Lincoln.

3 Men Burned in Fire on Ohio River Barges PORTSMOUTH, Jan. 2. (ft Three men were burned seriously when two barges in tow of Ihe Ohio river packet Ruth Ann hurst, into flameH while docked at Manchester late today. Sparks from a sputtering engine ignited 83,000 gallons of gasoline in four tanks on the barges. The fuel was destroyed.

The injured are Omar Ray-less of Catlettshurg, and Hubert Adkins and James Erskine, both of I ronton. They saved themselves by swimming to shore. Ralph Cole of Manchester saved the jacket bv cutting it loose from Ihe barges, which were destroyed. Man Pleads Guilty, Gets Life Term for Slaying COUNCIL GROVE, Jan. 2 il'l George Thompson, 20 years old, pleaded guilty today to killing O.

T. Winters, telegraph operator, during a restaurant, holdup here Dec. 7, and was sentenced to life term in the state penitentiary. Hubert Zinn, 20, nf Council Grove, pleaded guilty to first degree robbery in connection with the same holdup and was given a minimum sentence of twenty-nine years. Three others accused in the holdup, Paul Duffy, 22, of Paula, Kas.

Bob Majors, 21, of Osawatomie, and Alvin Macklin, 19, of Paola, were given indeterminate sentences. Jury's Report Ignores Brothers Shooting Case Special to The Indianapolis Star. CRAWFORDSVILLE, Jan. 2. Ralph Darling, Montgomery county farmer, has been released on his own recognizance in the shooting of Kdward Brothers of Hainhridge, after the grand jury reported without mentioning the rase.

Brothers was wounded in the yard nf the Darling home five miles southeast of here last week while conversing with Mrs. Darling. It was reported Mr. Darling resented atten tions Rroiiiers. was paying his wife.

VIGO CLERK HELD AS TERM EXPIRES South Bend Victim Says She Was Forced Into Car, Shot. SOUTH BEND, Jan. Tolice today investigated the story of Mrs. Amanda Smith, 33 years old, of South Bend, of a forced ride with a man in his automobile through this rity and Mishawaka last night, which ended, she said, when she leaped from the car after he shot her in the abdomen. She was taken to a Mishawaka hospital, where an operation was performed to remove the bullet.

Mrs. Smith told officers the man forced her into the automobile as she walked along a South Bend street, and took her to Mishawaka. She said she finally jumped from the car and managed to knock at the door of a nearby house before she collapsed, Kittinger Funeral Rites to Be in Anderson Today Special to The Indianapolis Star. ANDERSON, Jan. 2 Funeral services for William A.

Kittinger, St years old, former judge of Madison Circuit court and twice a state senator, will be held tomorrow. In tribute to the dean of the county bar association, courts will adjourn and business will pause. The services will be at the home at 2:30 o'clock tomorrow afternoon. Resolutions regretting the passing of Mr. Kittinger were adopted today by the bar associations of Madison, Tip-tnn nnrl Delaware counties.

Born in Wayne county, a son of John Smith, the boy was lelt an orphan in infancy and was adopted by William L. Kittinger of Richmond, whose name he took. "In addition to teaching school and reading law, Mr. Kittinger entered the ministry and held pastorates in Richmond and other places. He was admitted to the bar in 3872.

Two Rescue Unconscious Man From Flaming Auto Special to The Indianapolis Star. CRAWfORDCVILLE, Jan. 2. After being pulled unconscious from the flaming wreckage of his automobile, Alvah Clark, 65 years old, was recovering at his Roach dale home tonight. Mr.

Clark was returning from Crawfordsville to Roachdale, where he operates a grocery, Saturday nicht when his car skidded on ice and overturned five miles south of here. He was knocked unconscious and the car caught fire. Clinton Eastain and Jewel Jeffries of Ladoga, passing the wreck, broke the windshield of Mr. Clark's auto mobile nd dragged him through it to safety before the flames had reached him. His injuries are not considered critical.

Boy, 5, Wounded as Old Rifle Fires Accidentally COLUMBI'S, Jan. 2. Earl Dean Haymaker, 5 years old, son of Mr. and Mrs. George Haymaker, living four miles west of here, is in the County hospital today in serious condition from a rifle bullet wound which penetrated his shoulder, shattered the collar bone and entered his lung.

The child was playing with an old rifle. He procured a cartridge from a dresser, inserted it in the rifle barrel and was pounding the barrel on the porch when the gun was discharged accidentally. Man, 99, Sees Son Take Sheriff's Office Oath Special to The 1 ndianapolis Star. ENGLISH, Jan. 2.

Probably the most interested person today when Crawford county's new officials took the oath of office was John Armstrong, who, in the year ha will celebrate the one hundredth anniversary of his birth, saw his son, Alva Armstrong, become sheriff of the county. John Armstrong, Crawford county's oldest native citizen and civil war veteran, will be 100 years old Aug. 11. He has moved with his son to the sheriff's residence here. His health is good.

PLAINFIELD NURSE DIES. CLAYTON, Jan. Tena. Patrem, 64 years old, well-known Plainfield resident, died at the home of a daughter, Mrs. Asiel Carmine, here today.

She was born in Plainfield and was a lifelong resident, of this section. She had been a practical nurse, working on many cases in, Indianapolis. Funeral services will be Wednesday afternoon at the Plainfield Friends Church with burial at Mooresville. Surviving are two daughters, Mrs. Carmine and Mrs.

Ray Howard of Plainfield a son Ralph of Los Angeles, Cal. the father, David Fields of Mooresville, six brothers and a sister. OPPOSE DEMAND CHARGE PORTLAND, Jan. 2. A petition is being prepared at the direction of the city Council to the public service commission asking that the demand charge be eliminated from the rates of the municipal light plant.

This charge is paid by large users of electricity. It. is estimated that such a reduction would effect a saving of $6,000 to local SULLIVAN, Jan. 2. W) Death has closed the colorful career of James M.

(Col. Jimmy) Lang, who rose from the slums to a bank presidency and then saw his success topple through charges of embezzlement and forgery. He died New Year's night of a heart attack at the age of 76. Mr. Lang was head of the now defunct Citizens Trust Company of Sullivan and a leading citizen of the town for half a century.

In 1928 the elderly banker suddenly disappeared, but returned a year later and faced two trials. He never was convicted, tfoth juries failing to agree. Born In Gotham Slums. "Jimmy" Lang was born in the slums of New York and his real name was Alois Teavivich. Lang testified at his trials that when he was 5 years old he was picked up on the streets and taken to a children's aid society.

With five other boys he was shipped to Indiana and was bound out to James Wesley Lang, a farmer, whose name he took. After his period of bondage, Lang worked his way through Valparaiso university and became a teacher. He entered the banking business in J882. In February, 1928, Lang disappeared from Sullivan. A few days later his bank was closed.

He finally was brought back from Mor-gantown, N. by Oliver Steele, a friend, who persuaded Lang to return and face five indictments against him and to aid in straightening out the affairs of the bank. Lived by Odd Jobs. During his year's absence, the 72-year-old banker was in Indianapolis, Cincinnati, O. Atlanta, Ga.

Leesville Man Pleads Guilty to $2,012 Robbery of Freetown Bank. SEYMOUR, Jan. 2. Mancel Glover of Leesville was sentenced to ten years in Indiana state reformatory on his plea of guilty today to a charge of participation in the $2,012.50 robbery of the Farmers State bank of Freetown Nov. 28.

The sentence imposed on Glover by Judge John C. Branaman of Jackson Circuit court was the same as given Austin Bell of Bedford, who pleaded guilty recently to a similar charge. Grady Sherrill of Bedford is sought as the third member of the bandit trio. Glover was returned recently from San Bernardino, where he was arrested several days after the robbery. Worthington Man Dies of Wound Son Inflicted Special to The Indianapolis Star.

BLOOMFIELD, Jan. 2. Oliver Laughlin, who was shot by his 19-year-old son Charles during a quarrel at their home at Worthington Friday, died yesterday at Freeman Greene County hospital at Linton. The shotgun charge took effect in his right thigh, severing an artery and loss of blood caused death. Charles, his brother Roy, 21, and their father were cutting wood in their yard when the quarrel started.

The brothers claim their father had been upbraiding them because they did not get jobs, and Charles claims he thought his father was going to strike him with an ax when he shot him. Both sons are here in the county jail. A special grand jury will be called to consider the case. General Motors Leaders Inspect Anderson Plants Special to The Indianapolis Star. ANDERSON, Jan.

2. Three General Motors Corporation executives, J. L. Pratt and Albert Bradley, New York, and C. E.

Wilson, Detroit, vice presidents, visited the Delco-Remy and Guide Lamp units here today in connection with the installation of F. H. Prescott as head of the Guide Lamp unit. Mr. Wilson predicted good schedules here.

A. N. Connett, Retired Engineer, Dies in East NEW YORK, Jan. 2. (-T) The death of Albert N.

Connett, retired engineer who designed and built at Washington in 1895 the first successful electrical conduit street railway, became known today. He died of arteriosclerosis Sunday at his Fifth avenue home at the age of 73. Connett was associated with President Hoover in relief work in France and Belgium in the early days of the world war. H00SIER DIES IN SOUTH. ATLANTA, Jan.

2. Mrs. Margaret Bretz, 69 years old, Goshen, died here today at the home of a son, J. A. Bretz.

She arrived here Friday and became ill the same day. The body will be sent to Goshen where she lived with another son, "Dr. N. E. Bretz.

the two entered by smashing a tran som. They found the place in a bedlam, Canaries, love birds and parrots flew about squawking, their cages in wreckage on the floor. Goldfish bowls were shattered, cans of dog rations and insect powders had been swept from the shelves. Every am mal in the place was making vocal protest. Watch Tarty Finally.

After a strenuous chase, the police men captured the monkeys. They put them in the same cage, at first, but the mother set upon the baby so they had to be separated. The policemen remained on watch in the shop until the owners could be located. GLOVER GIVEN 10 YEARS IN HOLDUP Unnwing thorn is ampin financial rmrkiHR on good security in the brinks. Hut there is another side to this idle money picture, and it was hrmiRht.

out clearly by one of th city's bankers in this terse comment: "As a matter of safety, it is entirely satisfactory, but in earning power, it is not desirable to have half of the hank's resources in cash in the vaults, not earning anybody a penny. "Yet, it must be remembered that the banker is handling other people's money. It does not belong to him and he is responsible for the safety of the depositors' funds. In times of unc ertainty, it is Well for tho hanker to forego profits and be ready to pay this money out on demand of its owners. "Later, when business improves and the turn for tho belter comes there will be an increased demand for money and these idle dollars will go hack to work along with th thousands of others unemployed.

No one will welcome the time any more happily than the hanker." HeNources In Cash. The last published statement of condition of banks as of Sept. 30 last indicated that six of Ihe large downtown institutions had from 40 to 7i per cent of their resources in cash, idle money. Tim next statement, due shortly, is expected to show a similar situation. The money is there, ready for immediate use nt Hie disci el ion of the hanks' executives.

Any nnpiovi'iiH'iit hiisiui'ss and industry likewise will shine a reemployment of the idle money and an increase number of wage earners at work Condition reports of banks in other cities throughout the country reveal a similar situation. No doubt nf ability of banks to finance tho usual run of husineHS and to meet rising demands for money as those demands appear. Al present hankers asset! there 1:1 little call for Increased borrowings, but It Is cx-pi'cled Ihe needs ol li.nle and industry will gradually increase Markets Are Closed New Year Holiday All grain, commodity and se-curltiCH were closed In oliser ance of the New Year holiday. Live Mock oiiirhets remained upon. All exchanges will resume trading today.

choice. Mio tn i.ono Hi. $14 ft 2s: rem. mnn and medium. $2 'tV'l A Sheep choice imnim, lOulM lower; ether rrinlen ami claa.iea largely steady; ileidnilili.

native lalulia. IT few V' II; fed WesleniM aveniKlni; 78 (o lha. noinefullH at hest Jrt; slailKtller sheep and hilutis liitntis, 110 hid. down. Knnil anil choice, cninmnn and ineilium, 7:.

Ml. tin lo tm lh, Kood anil choice, On, 1IH lo 111) ll'S. koiiiI and i Inilce, 7h ewes, 00 lo imi rued mill choice. or 2 7.V all common iiml medium, $1 Xti 2 2.. MIIIIKVII.I.K.

Kv Jail 2 -(I lulled Stale liepiiilmenl nf A run It ure I 'nil la Iteceipts. 700. run mostly steera and hellers, nindirnletv active, steady en nil i hulk common and mcilium steers ami hellers, 4 ri, I likht- mi lulled Inp, .11 lor loud l.n2 steer; hcef cows. -K odd head. W'iiM i'iiKi-ii Piieipt.s.

Krinlea. Mi, mostly Me lower bulk bulls. 75 down. 2uu, elcmly; betler 1 Hoc Iteceipts. llilll; with weights, tn 175 Ihs.

Meadv, to 210 llm. 15. 245 ll 205 II, a. 2. lbs Hint up.

2 Ml; 135 lo 170 Ihs, Kto lbs down, 2 hU. sows, 12 in. Kln-ep Keceipls, Ml, luolnbl steady; bulk medium to good lambs, $5 25 '1 5 Ml; lut ewes, $1 i(i 2 CINCINNATI, (i, Jan. 2 1.V1 (United Mutes department ol A 1 null nre 1 Hogs Hecelpls, 541111; l.lou ilirct and Ihrniigh; rnrctiy 5c lower on 100 lbs up; bidding I0c lower on In. tiler IrtO In 200 lbs.

$3 30, 200 to 2..0 lbs. $.125 3 30; 225 10 250 lbs, $3r 3 15; 2,,0 to 275 lbs, $2 H0 275 to 300 lbs. $2 O.Vn 2 75; In lbs. around $2 (iO'i 2 70; 120 10 140 lbs. bid $2 00; sows, sleadv lo weak at mostly $2 I'altle Hei elpls, 1.

150; calve. 250; steady; common and medium sleets and heifers, nothing mom ilisnable sold early; cows in good demand; ei $2 low cutter and cutter, $1'3) 2 bulls mostly $2 Ml, 3 25; heat nuotit-hle up to $3 50; vealers, steady; good and choice, J5 fi II Ml others largely $3,5. Sheep Iteceipis, loo. tint enough to make market; medium lo bimbs considered salable at 50 it 25 common and medium. $3 50' 5 25, practical top aged ewes, $1, PITTHHIIHCill.

Pa. Ian 2 P) II niled Stales I lepi rlinent of Agriculture) Hog Receipts. 3.300, holdover. 300; motly 0r higher, I lo lo 210 JL. $3 401 3 Ml; 220 In 3 35.

100 10 140 lbs $3 2.V.1 3 Ml. pailnng sows. $2 tp 2 Ml i'altle Kcceipli, 1,1111. slow, ateaiy lo 25c lower, good sl-ets, $5 10 5 25; mediums down to good heiters. $4 250 belter grade cows.

$2 35i; 3 25; lower grade, 25v 2 25; common In medium bulls. $2 35 3. Calves Receipts. 400; 1110, 1 1 sleiidy. heller grade vealers.

$5 51) lew prime, common and medium, Sheep Iteceipts, steady lo stronger, heller grade Limbs. $11.259 R05; mixed kinds. $.1 2,, 5. 75 common and medium, 5, better grade wethers, $2.50 3. MAST HIIKKAI.O, Jan.

Kiates liepiritnenl of Agriculture) Hogs Kcccipts, 5.700: dependable trade, lo all Inleresls; steady to strong with Friday's average; desirable. 140 lo 210 lbs, $3 10', 3. Ml; largely $3 45'fi3 50; 220 to 240 lbs, $3.25,, 3.35; 210 to 205 lbs, $3.10 3 25, faille Receipts, UiOO; steer and yearling trade unevenly lo 73c lower; weights above l.loo lbs off most: good lightweight, steera and yearlings, $5 ft 25; lop, numerous loads picked fleihed. 1150 lo steers, $5q 5 25; heifers. $5 down; cutter cows.

$125' 2. Olives -Receipts, soil; belter grade vealera active; steady; others slow; weak; good to choice. common and medium. 5 .50. Receipts.

4.100; lamb trade, active; generally 25'' higher, good lo cholcg moderately sorted. $6 50; few de, ks strictly choice, S6 65 medium and w-eighty lambs, .15 Mi'? common. $5' 6.50; fat ewes, $2 50? 2 75. KA KT KT. LOUIS.

21) H'mted States Department of A grleiilture) lings Receipts, 11,500. murker 10c to 15c lower; lop, bulk. 110 to 210 lbs, $2 .3 05; 220 to 270 Ihs. $2 75jj2.90: lew heavies, $2 100 to 130 lbs, $2 50 '2 110; sows. $2 2 25.

Cattle Iteceipts. calves, receipts, 1.200; steers tn liberal supply, few earlv sales steady, opening trade about steady on mixed yearling, heifers and bulls; marker not. developed fin cow stuff, vealers 25c lower; nominal range, slaughter steers. laughter heiters, $3r 6.30; a tew steers, $4 '4 50; mixed yearlings and heiters, $3. 50 it 5.25; sausage bulls, $2.

2.5 fa 2.60; good and choice vealers. $6.25. Sheep Re-'eipls. ripening steady, packers talking 25c lower; few desirable lambs to city butchers, packers bidding down. ACTIVITIES IN GENERAL NEW YORK, Jan.

2. All security and commodity markets as well as banks in New York remained eloped today in observance of the New Year holiday. Business will be resumed tomorrow. Philip Morris Consolidated, report for the year ended Dec. 31, net income ot M1.V173 equal to 6K cents a share on the common stock compared with 72 or fil cents a share in 1931.

The company owns practically all of the capital stock of the Continental Tobacco Company, and a substantial interest in Philip Morris A Ltd. We Buy and Sell V. S. Government Bonds Federal Land Bunk Bonds Joint Stock Land Bank Bonds T. P.

Burke Co. incorporated SUITE 2ii C1KCLE TOWER 1H03 HI ley 8338 BY BKRT 1IKM.KY, Kin lutein I dl tor. This is the timf for Bnnual inventory taking. Business men and industrin lists aro taking stock cf property and meiviiandi.se ami their auditors are summing up the last year's operations preparatory to com-pleting annual statements. These statements probably will refleet a generally low condition of activity and lack of profits.

Almost every banker will tell you that the last year was not a banner year in point of net prolits. At the same time, reported rondition of the Indianapolis banks on the last reporting date indicated the Indianapolis banks have more than 000 in cash. This is money that is lying idle in the vaults, not earning a cent for the banks or for the depositors. I.nrge cash surpluses in the banks retli'ct clearly reduced business and industrial activity. When money is not employed there is likewise a.

lack of employment, of labor. The wo are inseparable. In times of low production and business, however, able bank era consider it. a sound hanking policy to keep assets in liquid condition, the belter to enable the bank to meet all demands made upon it by depositors. This large cash holding ordinarily In normal times is employed, earning interest and profits for the bank, meeting pay rolls and paying for merchandising slocks.

St i on Tohitloii. These millions of dollars of idle money represent a vast wealth ol pent up power, awaiting opportunity for re-employment once the tide ol industry and business begins lo How It ineatiH that when the revival he-ginn there will be ample finances for nny increase; it means there will be toady cash to meet additional pay rolls and lo re employ the thousands of working people who also tire awaiting an oportunity to earn their own livelihood, It ineana Mound and going corpora tirms and birameuM house will he able to take advantage of any upturn that may arrive, LIVE STOCK I.IVK HTOCK HKCm'TH. llnKt. t'nttli CiiIvik. fihcp lull YPtUenlJiy Week nKr ear hko 4,11011 -1 1 11 1 V.ll'.m 7, (iua r.MIIMIK KANOK IN IIOC1 I'll Id KM.

(Jood Cholrr lluori ClKilrfl fined I'll' Ore. I vie (Minims l.lliiln mi t.i is.ii a 2: ti i.v in ii 2 iiii "a 2 7.Vu a tt. 2 T.i,,,, 2 I 2 2 711 iP 2 SI. uti iii 2 .1 'jn in .10. it I.

2 in nt fin mi on as The HlKl ihiiiIii-I el tin- new vrnr lit thf IniliHniiprilix vnnln lirmiKlu with it nrw lew recent nveriKe Olce level Inr nil lime, Hie cenefnt run el Im'km HveriiKliiK Inn In MHO nmiiiln helni; until nt 2 In in humlreilweiKlil. IIh: welKliliic lllnle (hull pelllliln were iplele'l III .12 li: tn 2 VII. Thin ri'ioesenl rerlui'tlnii nf renin it luni'lte-hvelKl'l I mm In! Hiitnr itnv ftr.iiri-M This decline Hllnhiiterl In Ihe verv imrrew demiind lieth fee Khiimenl mid fn.m lecnl parkllix lintiKi-n. which In turn re Heeled Hie verv lltl I Ii vnril lite KIIUHllen 111 Ihe lrenli nienl Irnde Mere InctlneSh UIIM IrillHiirtcd III NO III Hum ill nnv elher level nn.l II repre M'liled Klerk welhliiK lenK lllilll peioide llnnd IIKlllxcllihl liek mill uhlllKlller pIKI were wild lit VI 10, Ihe tep prue. Mnlnini weiKhl hrnuKhl fit I'" heavy 2 li'i In J2 SO.

HHlen nf mini unit were nutde nt 2 In J2 un rhnnKer to 15 ream under Inn! Hnlurday prlceK. YcKterdnv's price mhedulet ion In 200 peundn. y.l 10; 2IUI lo 210 pnujiiK ir. 210 In 22." puuliiln, $11; In 2.Ti pnunrlrt, 2 itn.1 In 2MI jviunds, $2 tin; 2Mi In 27.1 nnmidB. ii Wl: lo .100 piiunrls, in piiUlllllI, pi Hindu.

$2 70; Mil In 4011 JK.B.V tpllet Trade. flnlv ft nmiill nfferlriK (if rattle wan avnllahle In the irnde and Hie market wan lime rhanK cnrnriared wiih Hie rlime nf l.ii.l week TnullriK reprenenled Ihe plainer rlaercn remain ulauKliier Horli and wna nilher Hlnw. Iieitlera reperted a fairly active demand fur the mure ntlne-llve klndn et heileri mid a few Inmv klridH were mailed at Uti lo Jn, Willi Ihe nenerill run of rnminun 1" fair lieller imivlnr In xmnll rinmliern nt tn VI vr, a hundred weight. Heel srlllnii al fl! In J.I. and riirmera and cullers In 2, alnn were Hleadv.

I'rcen nf veal and calvea were firm, fined veal hruiiKliI In SUMI; medium. $1 till lu Ml, and ciimmnn. dinky talvea. yi I'O In 11 Ml. Nnl enough IhiiiIip.

were nffered In make a leal, el Hie market's ireimth A lew small hunehea nf fair In Rnnrt native lamha hrnilKhl. lo a hundred weight. while chnice native were cd sparingly at a huiuliedwelKht. Cheaper kind were unchanged iiona. Pt and lights ion In 2fll lh l.tKhlwelphl.

200 lo 210 ll MdlomweKhl, 210 In 22S lb MedlumwelKliI. 221 In 2.1:. Hi Mrdlillnwidr.lUK. 2.1ft In 20 IM llenvywetrhl. 2MI In 27f Ilia Heavswelchta.

27.S to llm to oo 2 mi 2 Heavy wetpht. HcavywelelilM, In Jl.Vi In 400 2 7u lha Sown, arnnulti HtiUKha and fltni; CATTI.K. Hteer mn In 1.J00 llm) 2 711 2 00 2 2 2r. Grind and chnlee V.1ji (1.100 tn l.r.OO lha) CiiKKl to ehiilce fNjlrimun to fair Heifers Fiod to Choice, Cornmnn to fair CnwH Onod 10 rhnlee Common In medium Isiw cutler and cutler 2.V1 7.00 3.7.'" 00 Ml'ii) 00 U.MJ'ui 2 7.Vd .1 2fi 2.2.'i'r(i 2.fi.'i 1.00 2.00 Bulla (yenrllniiB excluded) fined to choice (riecf) 2 MID Cutter, cemm'in and medium 2 00 Vealera (milk fed) fined lo choice 6 00' Medium 4 'iO'ii Culls and common 2.Ml' HTOCKKRR AND KF.KDEKH. 3.00 2.2u lo 800 lha) flood (o choice Medium IR00 10 l.O.'.O lha) c.nod to rholre, Common to J.Vndfi fl.W) 4.00ijl 6.00 4.7."i'ffi 6.2.'.

1b RI-ALflHTKU KHPIKP AND I.AMKfl. I.amha flood lo choice $1 fiOIT. 00 Common lo medium ft 25 Medium tn sood 1 Ml?) 2 'jr, Cull and common l.OOu l.M) I.IVK SIOI by CllfClAflO, Jan. 2 'lilted Slates Department of AKricullurei Hos Hp. celpts, 20,000, tncludlllK lo.noo direct; active, nteady tn strong with I'rirlay; inp, V-'MO; 140 In 1 HI) lha.

SH.IIU'rl.'l HKI to 220 Ihs, $2 2M0 In Ihs. f2.0. 2.II0; plus, 2.7fi'!0.,t.l.'i; packing sows mostly $2. lof 2 2Ti; amonlh sorts to 52. 40; shippers took H.000; holdovers, 000; liKht llKht, good and choice, 140 to 100 lbs, light, welulll.

100 to 200 Ihs, 2.90'4 H. 10; medium weight, 200 lo 2MI lbs. 2.75 c3; heavy weight, 250 to 3WI lbs, $2.40" 2 packing sows, medium and Rood, 27ft to 500 lbs. J100S2M; slaughter, ptgs, good and chnice, 100 to 130 lbs, S2.bU'tf 3.15. Cattle Receipts.

nilvta, I. 000; yearlings and light steers steady al. lower, mostly on shipper account light heifer and mixed yearlings fully 25c off; beef cows sharing decline; weighty fat steera 25c lower, dull at downturn; some sales as much as 40c lower; extreme top Inne yearling steers. few loads Sfl.75 J7 with bulk fat steers, flMI'gli; best heavies, $ft25; very few above $5.50: slaughter cattle and vealers steers, good and choice, 550 tn 900 lbs. 900 to 1,100 lbs, 1.100 to 1,300 lbs, $4.50.

75; 1,300 to 1,500 lbs, $4.5017 (1.5(1; common and medium, 550 to 1.300 lbs, heifers, good and chnice, 5MI lo 750 lbs. 6.25; common and medium, 4.50; cows, good, common and medium. low cutter and cutter. bulls (yearlings excluded), good (beef), cutler, common and medium, 3.45; vealers, gnod and chnice, medium. cull and common, $2.50 9)' 3.

50; tocker and teeder cattle ter, good and Andersonville Man, 24, Victim Brookville Motorist Exonerated. Special to The Indianapolis Star. CONNERSVILLE, Jan. 2 Robert Hunter, 24 years old, of near AndersonviUe, was injured fatally today near his home when he was struck by an automobile driven by Dr. Charles Glaser of Brookville.

Hunter died ftftee. minutes after being admitted to a local hospital. He suffered a broken leg and bruises and died of shock. Dr. Glaser was exonerated.

According to reports, Hunter was walking along the road and headed toward the car. Glaser swerved the car sharply to the left to avoid striking him and Hunter staggered and fell against the car. Funeral services will be held tomorrow at the home of his parents. Burial will be at Laurel. IT HAPPENED IN INDIANA.

TEARS, IDLE TEARS. HUNTINGTON Sheriff O. E. Johnson wept openly as he greeted the prisoners at the county jail, over which he took command at the first of the year. And the prisoners wept, too.

Deputy Art Thompson was exploring a gun cabinet and knocked a tear gas shell onto the floor. The deputy wept, too. They all had a good cry. MERRY SMITH.MAS. WABASH "Mr.

Smith, meet Mr. Smith," said Mr. Smith as new Courthouse officials took office. One of them was George Smith, deputy clerk, who administered the oath to his brother, Robert D. Smith, prosecutor.

Yet another was Garfield Smith, county treasurer. NEW YEAR. EVANSV1LLE A. J. McGraw, engineer for the C.

E. I. on the Danville (111.) run, made his last trip of the year coming this way on engine No. 19.12. On the trip back to Danville, his first run of the new year, he presided at the throttle of engine No.

1933. FOR BLIFFTON. BLUFFTON Guess what BlulTlon got for 193,1. A new bank. It's the Farmers and Merchants hank, recently granted a state charter.

HIRO NOTES. NOBLES VILLE Something has happened to the birds in Hamilton county since theheavy snow. Perry Bray and Col. J. O.

Clarke, members of the Hamilton County Nature Study Club, made their annual survey and, after covering twenty miles afoot, reported seeing only twenty-five birds representing twenty species. (Not counting English sparrows, of course, which are as popular with ornithologists as influenza is with the general public.) The surveyors logged robins, a cardinal, downey woodpeckers, flickers, a nuthatch and fifteen crows, where in former years they found hundreds. They think maybe our little feathered friends have gone hunting warmer territory or died of starvation during the cold snap. RECORD SHERIFF. VALPARAISO Neil Fry of Hebron, who became sheriff succeeding Burney Maxwell, constitutes a record.

He. is the first. Democrat to fill that. Porter county offire in fnrl'y-two-years. THE REFI tiE.

NORTH MANCHESTER "The Refuge," a home for wandering manuscripts, has come off the mimeographing machine hern. The publication, started by Mark Ogden nf Peru and Fred R. Conkling. head of the Manchester college English department, offers a haven for manuscripts that have come staggering home under a burden of rejection slips. Or, to quote Prof.

.1. Raymond Schutz's foreword: "This very modest little hooklet offers refuge for some of the weary, far-traveled, oft-rejected manuscript children which have been wandering up one journalistic, street and down another." The first issue carried out the travel idea pretty well. Ihe next, number will be out about ground hog day. DARKENED DAYS. SULLIVAN Operating on a reduced budget, the city Council ordered extinguished all but eight, street lights in scattered sections of the business district.

The municipal funds are tied up in a defunct bank and the budget is pretty lean. CRACK-CP. SHELBYVILLE Irvin Sheppel stopped his car at a railroad crossing to wait for a train to pass. But. Carl Bogeman drove up behind him and, blinded by lights across the track, ran into Sheppel's auto, knocking it on to the tracks.

The train battered the automobile to pieces but nil Sheppel suffered was a cut hand. CASH ESTATE. ANDERSON Relatives who were inspecting the clothing of Charles Pennisten, bachelor plasterer who died recently, found $Rfi6 cash In one suit and $821 in another. FORTUNE TELLER. CHICAGO Raymond Goldberg, once a skeptic, now believes in fortune telling.

A gypsy woman told him: "You are going to lose some money." She then produced a gun and proved it, taking $9. Police later arrested three Whiting (Ind.) residents and Goldberg said he recognized one of them, Mary Ephraim, as the gun woman. Calumet Man Faces Quiz in Housekeeper's Death CALUMET CITY, 111.. Jan. 2.

() Mr. and Mrs. Charles F. Ross returned home tonight, to find their daughter Pearl, 21 years old, dead in the living room. Apparently, police said, she was a suicide.

She had been shot through the temple and held a revolver in her hand. Authorities, however, sought to question Walter Armstrong, 3fi, of nearby Hammond, for whom the girl previously worked as a housekeeper. D. B. Kessinger, Minister at Lafayette, Succumbs Special to The Indianapolis Star.

LABAYETTE, Jan. Rev. Daniel B. Kessinger, 69 years old, pastor of the Grace United Brethren Church, is dead after an illness of several months. He took over the local church three years ago, coming from Fort Wayne.

The Rev. Mr. Kessinger was born in Henry county and spent most of his youth in Huntington. He enlisted in the regular army and saw action in Colorado against the Indians. Returning to Huntington, he took up the study of law before turning to the ministry.

Services will be held in this city Wednesday and the body then will be taken to Etna Green for a second service and burial. Columbia Sends Troops Toward Peruvian Border PARA, Brazil, Jan. 2. t.T)-Four Colombian naval vessels carrying munitions, supplies and 1.000 soldiers under Gen. Vasquez Coba were reported to have sailed down the Amazon today toward the region of Leticia on the Peruvian border.

The movement was regarded as the beginning of a drive to recover the Leticia country over which Colombia has been in dispute with Peru for some weeks. The Peruvians wore said lo have a strong force, including airplanes, in the disputed area. To safeguard its interests Brazil has 400 soldiers at the frontier. 1,100 more men are on the way up the Amazon and 500 are ready to sail soon. Technocracy to Have Own Newspaper Soon NEW YORK, Jan.

2 (U.P.) Technocracy is to have its own newspaper, called "Tomorrow." The first issue will appear on the news stands shortly. It will carry no advertising. Ihe aim of Tomorrow will be to nterpret technocracy in simple lan guage so that the man in the street 1 be able to get. a clear idea of what the technocrats are driving at. While "Tomorrow will be sympathetic to technocracy it will, in no sense, be a crusading or official organ.

Tomorrow" will be published by Allen Gordon. He will be assisted by newspaper men who have volunteered their services. Man Kills Self, Falls Into Christmas Tinsel CHICAGO, Jan. 2. (U.P.) Henry Miller added another "decoration" today to the ones he and his wife draped over the Christmas tree in their home a week ago last Saturday.

Christmas eve Miller got. drunk, his wife said, and despite her objections he got drunk every day between then and New Year's. Today Miller selected a time when he was alone in the room with the tree. He stood facing it, raised a sawed-off rifle to his head and fired. Mrs.

Miller and her two sons ran in to find Miller's body fallen into the branches and tinsel ornaments. Elza Weddle Appointed Boys' School Chief's Aid Special to The Indianapolis Star. PLAINFIELD, Jan. 2 Elza Weddle, long an officer at the Indiana boys' school, has been appointed assistant superintendent to succeed the late Martin Walsh, according to announcement of Super intendent O. W.

Negus. Mr. Weddle has been In charge of Company 2 for many years and also has been in charge of the school laundry. Fumes rom Loose Gas Pipe Take Janitor's Life Special to The Indianapolis Star. EAST CHICAGO, Jan.

2. Gas escaping from a pipe connecting a small heater in his room caused the death today of George Woods, 60 years old, a janitor. Police say he apparently had connected the pipe to the heater himself without tightening the joints sufficiently. ASSUME MORGAN POSTS. MARTINSVILLE, Jan.

2. The newly elected officers of Morgan county were sworn in today at the Courthouse and celebrated the occasion by holding open house during the day. There were few changes, for most of the persons elected in November were already officeholders. Mrs. Frances Parks takes over the duties of county recorder, succeeding Mrs.

Jennie Rankin. She will have the assistance of Mrs. Lois Day Miller. Elvin Merideth of near Hall, began a throe-year term as county commissioner succeeding John A. Kirkham of Monroe township, who had served for six years.

Willard M. Anderson is the newly elected joint senator who will represent Morgan, Owen and Hendricks counties in the next Legislature. A BUSINESS MAN'S PHILOSOPHY. Bull in China Shop? That's Nothing To What Monkey Can Do to Pet Store NEW YORK, Jan. 2.

(IP) A monkey and her baby got loose in a Fifth avenue pet shop, closed for the holiday today, and put. on an hour's entertainment for a sidewalk crowd and a headache for the owners. BY WILLIAM FEATHER. IN an address to tho fathers of boys In University School at Cleveland, Harry A. Peters, tho principal, advised against the attempt by parents to help their children with their lessons.

This was a welcome suggestion to many fathers, who have been tormented by the fear that they were neglecting their duty if they did not coach their children in school work. Mr. Peters contended that home tutoring caused so much ill feeling that it was undesirable. The school usually is competent to direct The show which amused the crowd outside was almost over when Patrolman Vincent Everlich happened by. It was a fishing act the monkeys were angling in a big tropical aquarium in the show window, and three fish gasping and flopping outside testified to their skill.

Enough for Patrolman. Tiring of this, the monkeys picked up some books on the care of pets, glanced through them hurriedly and then hurled them at the grinning faces outside the window. That was enough for Patrolman Everlich. He telephoned headquarters, but the owners could not be reached. Another policeman, John McNamara, lu ant to the store, however, and the mental development of a boy or girl in such studies as arithmetic, algebra and Latin.

Home Is the place where children can receive intellectual inspiration by being encouraged to discuss current affairs with their parents, and possibly such abstract questions as duty, loyalty, friendship and comparable subjects. Mr. Peters showed that parents can encourage the right attitude toward the intellectual life by deft suggestion, flowing out of ordinary discussion. (Copyright by Public Ledger.).