Ames Daily Tribune from Ames, Iowa on July 29, 1933 · Page 5
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Ames Daily Tribune from Ames, Iowa · Page 5

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Ames, Iowa
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Saturday, July 29, 1933
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Page 5
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"BUY W5TTE1 W AJIZf " AMli DAILY TUBUHE T AMIS. IOWA SATURDAY, JULY 20, 1933. : Society: To Hold Dane* and Varieties Program An orchestra dance to be held in MacKay auditorium August and a Campus Varieties program to be held the following week-end are the first two social events planned for the second summer session at Iowa State college by the Summer Cardinal guild, according to announcement of Eleanor Apple, homi economics Junior, president of the guild. The dance In MacKay auditorium will be a tag dance, the same as that held last, session. Frank Mettler, general tngineering junior, is chairman of the guild dance committee. *«><§> W*«kly Bridge For Women Tuesday The regular weekly bridge games for -women of the Ames Golf and Country club vjll be held .Tuesday afternoon. Members are asked to note that play will begin promptly at 2:30. Mrs. Helen King Fidlar is bridge chairman. $ € * Junior Orchestra To Give Program Miss Ada Scott's junior orchestra will present a program in the Ontario church Monday evening at 8:15 o'clock. Everyone is cordially invited to attend. County Society News Franklin Twp. Club To Hold Picnic Tues. Members of the Tuesday club of j Nevada Society AWs Person*!* Entertains Christian Aid Mrs. Sol Peterman was hostess Friday afternoon at 2:30 at her home to members of the Christian church Ladies aid. D. U. V. Hold Supper Meeting The Daughters of Union Veterans held a covered dish supper Friday evening at the home of Miss Pearl Fetterhoff, as a special courtesy for Miss Mae Fetterhoff of Mason City who is visiting here at this time. The supper which was served at 6:30.was followed by a social time. Hellyer-Deal Marriage Is Announced Announcement is made of the marriage of Miss Alice Hellyear of Zearing and Aubra Rea Deal of Golden, Mo., which took place Monday in the parsonage of the Church of Christ in Nevada. The Rev. Mr. Klnser officiated. The young couple was accompan- ed by the bride's mother, Mrs. tfattie Hellyer, two sisters, Miss Floy Hellyear and Mrs. Anna Deal all of Zearing and also Mrs. Steve 3armody'of Zearing and Paul and Hubert Snare of Holden, Mo. Mr. aad .Mrs. Deal will reside on a farm near Holden, Mo. Miss Doris Malcom left Friday Franklin township will hold a 4 [for her home in Oto, la. She has o'clock picnic Tuesday afternoon, j been employed for everal months Aug. 8 in the Oran Zea timber. 4> « «• Entertain* J. F. Club Members of the J. P. club of Slater motored to Ames Wednesday afternoon where they were en, tertained by Mrs. Lew Mason at her home. Twelve members and three guests were- present. Refreshments were served at the close of the- afternoon. The club will hold a family picnic at Brookside Angust 10. Entertain Fr.F. c. Club Mr. and Mrs. R. park in Ames TJ. Haugland were hosts to members of the F. FV C. club at their home, in Story City Friday evening. A- good attendance was reported. , A short business meeting was held and the following program ntfmbers were enjoyed"?"" Piara solo, Yiola Bickelhaupt; reading, Mrs,- IiOWi* Larson-; song, Katharine Abrahamson; crab newspaper, Lilly OmTig; dialog, Eleanor and Marjorte Abrahamson; reading,' Sylvia. Haugland; piano solo, Helen Tesdall; dialog, Arnold and j Berdella. Haugland, Virgil Bickel haupt afad Wilmer JewelL The club will hold its next meet ing at the William Holm home Friday evening, August -11. « * * MUsioft Circle To Hold Meeting The Immanuel Mission of Story City will meet Tuesday afternoon in the- church basement. Mrs Jeanette Brattebo will be hostess, A children's, program will be giv en. 4> 4> * Sheldahf Family to Hold Reunion Aug. 6. The Sheldahl family will hold its annual reunion , picnic Sunday August 6 in the- Story City park opening with services ac 10:30 a. m. Edward Duae is president o: the group and secretary. Carrie X). Larson Iowa State college won one firsl place, two seconds and a third on an exhibit of editorial material entered in the contest held at the national meeting of the American Association of College Editors at ' Urbana, 111. this week. The general exhibit of 14 classes of radio, editorial and visual instruction material, prepared by the department of technical journalism and the extension service, ranked seventh? One hundred and ten entries from all parts of the United States were in competition. First place was won on news stories, radio and other material used" in connection with the Iowa home butchering campaign last winter. Second places were won on a popular bulletin on lard and its household uses and on a service of short paragraphs of agricultural news for Iow a weekly newspapers. Third place was won on samples of six types of radio programs presented over WO I. L. R. Combs extension editor at Towa State college, attended the convention which closed Thursday. GINGER ALE 12 YEARS OLD HEBRON. Me. ar.E>-cieanin* out an old well. Walter BeweTdS covered 12 full bottles of ginger ale which had been hung in the well 12 years ago by men who were cutting grass for him. Somehow the bottles had dropped to the bottom of the well and mained intact. had re- Rewarded After 30 Years PHILADELPHIA, (U.E) — Thirty years after he saved Benjamin Harman from drowning. William Mitchell, of Havre de Grace, received a $5,000 check as reward, Mltchfll said he bad forgotten the Incident, until re received the "h?ck, a bequest in Harman's will. Captures Tarantulas SPRINGFIKMX Mo., <U.R)—How- ard Wilson has a stran^o hohby. Ho tracks down and captures tar- at the Donnelley c poration. Veraon Poehlein, son of Mr. and Mre. O. L. Poehlein, had his tonsils removed Thursday morning at the Iowa sanitarium. Miss Helen Krajicek of Tama is a guest of Sidney McKim. Mr. and Mrs. James Smith of Clinton were business callers in the city Wednesday afternoon. Mr. and Mrs. J. A. Louks of Cambridge were guests Wednesday in the home of Mr. and Mrs. Melvin Day. They were dinner guests in the evening of Mr. and Mrs. J. M. Christy. Mrs. B. B. Welty and Mrs. Paul Welty went to Clear Lake Thurs day morning where" they attended an. announcement "party given by Mrs. Paul Welty's sister. The Misses Lida Beckley, Helen Button and Beulah'Beckley -arrived Wednesday from Chicago where they" attended the world's fair. En route home they went to Barrington, EL, where Miss Beulah Beckley teaches, fb Geneva arid "the Dells in Wisconsin and on thru Minnesota to Nevada- Harold Hopkins and Mai Boiler left Monday evening for Chicago where they are attending the world's fair. Mr. Hopkins is athletic coach in the Nevada schools. Ames Building & Loan Assn. Important to Recovery Here Editor'* Not*: There art wort than 2,000 shar*h»ld»rs in the Am* Blowing and. Loan association Jiving in Ames and stveral hundred more living elsewhere. For them and for other* who may be Interested In knowing more about the affairs of the Insti- tutlon, th» following address delivered by Dr. I. E. Mslhus, vies president of the association, before tht mas* meeting of business men and building tradesmen at tht Twin Star theater, Thursday night, Is deemed of sufficient general interest to warrant publication in full. I regret very much that Mr. A. H. Munn, president of our building and loan association, is unable to be here tonight He has given freely and untiringly of his keen business ability in planning the future service of the Ames Build- Ing and Loan association for this community. In his absence, I shall try to .fell you what the association is prepare! to do to help bring greater prosperity to Ames. Prosperity will never return as long as our, people are idle. A big factor in the unemployment situation in Ames has been the slump in building activity. A resumption of this activity will be a big factor in the recovery program. Ames has 'not suffered because of idle factories or mines. This is not an industrial city. True, there.have been salary, cuts at Iowa State college and the istate highway commission. A few have been laid off. But in the main, it Is those who depend upon . the building trades who have been hard hit Hard times for them means hard times on Main street, and for the whole town. Many Repairs Needed During the past few years, hundreds of homes in Ames have been allowed to "run down." There is need for repairs, paint, roofs, furnaces, eavespoutg and remodeling. These "home owners — and those who wish to build — would like to take advantage of today's low material prices. They have not done so because of the lack of available capital for home financing. The firms who have sponsored . this meeting realize that any revival of building, any repairing or remodeling is dependent upon adequate capital. You men who depend upon home construction and improvement for a livelihood are as much interested as the material men in this question of financing. .•A few years back, money for home financing came from four principal sources: banks, private loans, insurance companies, and the Ames Building and Loan association. Today, and probably for some time to come, private individuals, the banks and insurance companies are out gage loan market of the^mort- Their assets NBA TAKES POOR LITTLE CHORINES (Continued fjom Page One) writes "This, production: of 'drums in your ears'.needs only competent actors, adequate scenery, better lines and decent lighting to make it thrilling, beautiful and impres sive," he won't be quoted in the' "advertisement next day as having said "This production of 'drums in your ears'... .thrilling,. beautiful and impressive." Authors also will hail the code because it provides that as soon as'their play is accepted' for production, the producer must hand offer |500. If the plan runs more than three weeks, the $500 will be accepted as advance in royalties. If it runs less.than three weeks the author keeps the $500 but allows the producer to weep on his shoulder. Finally, the dear old public comes .in for recognition after all these years. The code provides that producers must keep "a fair percentage of their seats in all parts of the house for sale to the public." That will be quite a blow at the box office men who have become accustomed to telling you that "there's nothing left but two seats behind a post in the ISth row, $5.50 each and take -it or leave it." AMES MERCHANTS ON 52-HOUR WEEK (Continued from Page One) that the new hours will be a very real help to the employment situation in Ames without working undue hardships on the merchants. It was pointed out by a number of the merchants that considerable help would have to be on duty beyond the 52 business hours in order to perform many essential duties of storekeeplng, sach as receiving and opening shipments, marking goods and stocking shelves. Those present at the meeting felt sure that their customers would enter into the spirit of the situation and . *x>mptly adjust their shopping hours to those of the agreement. L. E. Hedrick. secretary of the Ames Associated Retailers, presided over the conference. Mayor Schleiter was present to open the meeting, but had to leave to attend another meeting. Ames barbers reached an agreement early this week to observe the same closing hours which the retail merchants were expected to adopt. Announcement of the agree, roent on a schedule reached by the merchants, Friday night. The bar- >ers also are uniting In a state wide movement to organize under he national barbers association, and thereby come under the special code to be adopted for barbers hruout the nation with deadly poi- ntulM, insects onous powers. Tho largest he r caught had a leg spread of inches. are frozen; they are working hard to get out, and we sincerely hope they can. i have been told that the Glass banking act will prohibit banks of the federal reserve system from making mortgage loans. The insurance companies still have other worries, and private money loosens slowly. Of Public Interest Your building and loan association is turning the corner, thru the powerful backing of the federal home loan bank. I call this to your attention because I want you to realize that the continued success of-the Ames Building and Loan association concerns you, whether you are a shareholder or not It concerns the business Interests of the town; it concerns every public-spirited citizen. Let me tell you what the association has meant to Ames in the past, before I tell you what you may expect of it in the future. In the years from 1928 to 1931. the association, loaned probably as much as all other mortgage loan agencies in Ames combined. The association made 176 loans for new construction, totaling $595,000. I have been told that approximately 50 per cent of the cost of construction Is for labor. On the average, the mortgage on a house Is for 50 per cent of its value. Therefore, i believe that $500,000 of the money advanced by the association In those four years represented wages, and that an equal amount was put up by various borrowers for material. Did this mean anything to 'Ames? I think you will agree it did. Jobs Follow Capital What about, the futuie? There will be jobs, wages and an im- provsn/ent in business, if capital can be supplied to finance much needed repairs, modernizing and remodeling. This capital Is coming from the Ames Building and Loan association. Thru its membership the federal home loan bank, the association is in a position to supply funds for home financing needs of this community, In times iike these when funds from investors comes in, slowly. Last February, when things look, ed darkest in Ames, the board of directors of the Ames Building and Loan association established a credit with the federal home loan bank, a credit to be used for making mortgage loans when con- ditio»s became improved. That time is here. The" Ames Building and Loan association is announcing tonight that it is in the market for conservative loans that will put men back to work. We are interested in loans that will repair, remodel and modernize our homes, because such money will create the most labor. We are hot interested In refinancing existing mortgages. That remains as our next step. Conservative Policy It should be made clear In connection with this aanouncement that the association expects to follow a conservative policy. Loans for remodeling and repair will be made only where the security Is gilt edged. Anxious M we are to promote business activity, wo do not propose v> place .ny money without sufficient upcurlty, coupled with sufficient, earning capacity OH j the part of the mortgagee to meet regularly the monthly payments on the Interest and principal. Our first resjH>nblbllity as *n association, is to safeguard the Investor, and as we succeed In doing this we will succeed in help- Ing the borrower. . In the past, this community has largely financed its own building program. It will have to do so in the future. And fhere ic no valid reason why it cannot do so today. The association established, its credit with the nome loan bank five months ago. It Is only today entering the mortgage loan market* because its directors and officers feel that the situation in respect to new investment money is improving, it is also inaugurating a campaign to increase receipts from Investors, policy will be Its future determined loan to a great extent by the response to this campaign. Confidence Inspire* Growth In the past, this mon«y which helped create employment and business and good times in Ames was accumulated by the association in the form of the savings and investment* of thrifty Ames people. The association in turn was able to make these loans, if investing shareholders put more money in than other shareholders withdraw. the association can loan the surplus and the association grows. If the repayments on our present mortgages could b« reinvested, that is, uwd for malting, new loans, they would be sufficient to supply all the capital needed in this community for new construction and repairs for many years to come. * But for some time, it has been newssary to use the repayments on mortgage loans to pay withdrawing members. Receipts from Investors practically stopped. lu- vestors had to waft for their money,, and this resulted. in a distorted public sentiment, which tended still further to discourage new investment money. A Vicious Circle Thus was created a vicious circle which not only hampered the association and proVed unsatisfactory to its withdrawing members, but kept and is still keeping men out of work,,. It has hurt you. Happily, there' are indications that this situation is drawing to a dose. Business is still far from normal, but we are satisfied that a turning point has been reached. Increased receipts, from investors, new accounts, some for sizeable amounts. #ive evidence of faith and confidepce in this situation. Actually, our difficulty has been subnormal receipts, -rather than an abnormal demand for money, and i am proud to acknowledge the many evidences of loyalt.- on the part of our shareholders. For the most part, they have confined their requests amounts they for funds to the actually needed. They have not been swayed by vn- founded rumor or idle gossip. Those who have requests for funds on file today, could be paid in full in 30 days if receipts from Investors were normal. No great amount of monthly income would be required to put us quickly back on a normal schedule of operation. Operating Principle I want you to understand thor- oly the operating principles of an association such as ours. Let us suppose that you and 99 others organized a building and loan association, and each of you subscribe for $100 in stock. You then have $10,000. You are all partners in a mutual enterprise, to share-equally in the profits and losses. You invest $9,000 in well secured monthly , payment first mortgages, and keep $1,000 cash on hand. Some member withdraws $100. A little later, a new member joins the association, and puts in $100. This goes on, some putting In money and some withdrawing money from the $1,000 cash on Land. The $9,000 is invested and is safe, but is only repaid in fractional installments each month. Now suppose that 11 members decide they want their money. One of them is asked to wait. In a short time he will receive his money, 100 cents on the dollar. A Normal Condition If none of the other 89 members in this imaginary association ask for their money, the cash reserve will quickly build up from the repayments by borrowers. New members will replace those who withdrew. But suppose 10 more members ask for their money, and are asked to wait. What happens'. One or two are inconvenienced and a little disgruntled. So they go out and broadcast their grievance. And their neighbor, who was thinking of investing $1,000 decides that maybe he had better put it in postal savings, after all. This state of affairs prevents your association from making new loans and keeping the laboring man working. . Funds with which to meet withdrawals must come from Incoming shareholders, or additional shares' issued to old shareholders. This Is true of every other form of Investment You can only get your money out of a liberty bond because some other investor wants it. The government doesn't redeem those bonds until the date called for in the bond. .One of our first mortgage loans Is paid out gradually over a period of 11 years. It is similar to a liberty bond. Expose Hiding frollar* It is high time that money be brot out of hiding and out of postal savings and put to work in Ames. Did you ever stop to consider that the investment losses of Ames people have been outside of Ames? The place for Ames money jis at home, where it will create work. ,- Money invested in the Ames Building and Loan association stays at home and works at home, and the whole community benefits. Unemployed dollars mean un- employt d men. The Ames Building and Loan association is ready to help bring back the clatter ot the carpenter's hammer and the swish of the painter's brash, and all other welcome sounds that mean men are at work, and recelv. ing pay checks every Saturday. . - - - $ - ; _ Auto Crashes Topic at Kiwanis Luncheon John Dunn, president of the Employers Mutual Casualty company, Des Moines, and a Kiwanian, addressed the Ames Kiwanis club on the subject "Auto Accidents," at the weekly luncheon of the club in the Sheldon-Munn hotel, Friday noon. ,, Mr. Dunn presented statistics showing the tremendous toll of life and limb thru auto accidents. H» said a new word "autocide," was rapidly coming into general use. The speaker said he felt that patrolled highways would tend to reduce accidents in Iowa. Moon Cat Light Bill FORT WORTH, Tex. The moon saved the. city of Fort Worth $25,000 last year. .The saving was made by cutting off street lights in residential sections during moonlight periods. GET IOME/ HERE'* YOUR CHANCE 1. TIRE PRICES are going up. Get your Atlas Tires at BRINTJfALL'S AMES STORAGE- BATTERY CO. 5th & Burnett YOU GET MORE OF THE BEST FOODS and ' delicious fountain dishes at the -SODA GRILL Try Our Special Luncheons Noon SAWKE1 BUY NOW! Every Mail Brings Advice of Higher Prices Get your musical instruments now. Guitars,, violins, band instruments.. ESCHBACH MUSIC HOUSE Our New Fall and Winter Materials Have Just * Arrived SUITS $21.50 BOBRICK MERCHANT TAILOR NEW PLYMOUTH- AT Cliff Roberson Garage PHONE 34 LAUNDRY DRYCLEANING Vickers White REGULAR GASOLINE 6. ', Tax paid SQUARE DEAL .OH, CO. 1 block north of Highway Commission mmmmm For Your Vacation Trip You will need some waterproofed covers for your luggage. We can furnish them on short notice. Do not forget wind wings for your car. AMES GLASS & BODY CO. Phone 538-J 4O2 Main WHEN YOU THINK OF CHICKENS THINK OF Mac's Dairy and Poultry Market 215 Fifth Phone 142 We Are Doing Our Part for President Roosevelt You do your part for your car. Use D-X Motor Fuel 760 MOTOR OIL DIAMOND MASTER SERVICE Lincoln Way at Doff; Ph. 272 Plymouth and Oldsmobilc Serviceing at MORRISON'S GARAGE 321 Lin. Way— Phone 294 RESTORE YOUR OLD FLOORS to the beauty of new. Rent a floor sanding machine from MILLER PAINT STORE 224 Main— 765-W LOOK— . What happened when America looked at. all three—; Chevrolet leads in every state for.the first 5 months of 1933. Chevrolet 175,142 Ford 97.585 Plymouth 7O,132 Allen Motor Co. Chevrolet Dealers Phone 305—Fifth & Douglas SPECIAL July 29 to Aug. 12 Fender Repainting $3.95 and $4.95 BAKO AUTO PAINT SHOP 117 KeJIogg Phone 263 GENERAL REPAIRING, 24-HOUR SERVICE Freel'« Radiator Cleaning and Repairing Ames Motor Service SEE RAY FISHER —for windshield and door glass replacements. Used parts and tires for all makes of cars. 229 S. Duff — Phone 244-J UPHOLSTERING Refinishiug, Repairing, Cabinet Work, Fibre Cord and Cane Seating. New and Used Furniture. . PHONE 1635 JOHNSON'S FURNITURE STORE 163 Campus WHY BE CONTENT with "second best" cleaning and pressing when you can get the BEST? PHONE 231 •—We call for and deliver— AMES PANTORIUM "Quality deanem" 410 Donglas — Phone S8JL -. Have Your WATCH REPAIRED J NOW 7 Prices are going up. Charles G. Ray BOWMAN CIGAR STORE Offers thirst quenchers of all kinds. Fountain Drinks or Your Favorite Brand of Beer PHONE 377 CORYELL -70- Today's Special FREE—2 Qts. OIL With 5 gal. or more of gas BAILEY OIL CO. With C. L. Dixon Bran, 230 Main St. Iowa's Outstanding Sanitary SWIMMING POOL CARR'S PARK E. 16th St. Ame*, la. WILLARD BATTERY SERVICE MORRIS SERVICE STATION Kellogg & Fifth For Cool Refreshing Food FRUITAJtfAN DINNER or a Dutch Lunch at the CAMPUS CAFE 3512 Lincoln Way—Pb. 1869 Complete Greasing Service at ,; LOYD>S SERVICE STATION S15 Lincoln Way—Ph. 302* RULES ACROSS 2—Test 4—Row 5—Goal 6—Index 7-Pen Everyone Is eligible, regardless of place of residence, excepting employes of this paper and their families. Solve the series of Crossword Puzzles that will appear every Saturday. A new puzzle will appear each week until a full series of 13 hare been run. In solving the puzzles. Just writs the letters right over the advertisements. Heavy black spot indicates blank apace, in which no letter Is to appear. Hold all puztles until you har« complete *et tf 13. Then send or bring th«m to th« "AD WORD PUZZLE" editor at our office. All «ntrl«s must be in by midnight on »h« seventh day aftar th« last putzl* (No. IS) has been printed. $65.60 will b* paid to cash prlt«i to th* per- sons who send or bring in the nearest correctly solved and the nearest complete set of puzzles, In accordance with these rules. You do not necessarily have to solve each ona of the 13 puzzles correctly to win a prize. The prizes will b« paid to persons whose entries rank the highest. Elaborate entries are not necessary and will receive no greater consideration than the simple ones. Neatness counts, so make your entries simple, plain and neat. All entries will be judged by a committee appointed by this paper and entrants agree to accept their decitlons as final. Contestants desiring to enter any time may secure back issues by applying at our office. Out of town nabscribers will please tend self-addressed DOWN 1—People 2—Salvers &—Sweet potato

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