Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Jan. 3, 1915)
THE OMAIIA SUNDAY BEE: JANUARY 3, 1915. Omaha's Financial Institutions Make a Good Showing i bllAHA BUILDING i II KEEPSJIGHT ON fennitg Duxinar the Year Show that W . otm TTT T 3 4 juosi oi mem were mucu ivi i i New Residence.. 5 AUK CLEARINGS LOSS SMALL .. . mt Ttr pr. Ct Decrease ts 1 the lllaa Flneee 3 prevlnos Year. In view of the general talk rt depres Zon over the country, a rather remark Jile showing was made In the building' orations In Omaha during the year 5t closed. The building permits enow -actlcally an even half million dollars 3re than they did a year before, . jTrbm the office of the building Inspector ' niea the refort that some 1,00 permits fre Issued during the yrar. Nearly Mi these buildings were- residences. The t were business property. Jriiere Is an Inclination among many en speaking of the building permits of Am yar, to deduct from the total the VliM Of the II .000.000 Fontenelle faoteL Jiero are many who ssy, "Tako the -pntenelle out of the building permits 2r the year and you have almost 1600. j less In permits than last year." There are others who Insist, however, ,at there Is no reason whatever for Muctlng this. The permit was Issued Vrlng 1!14. Moreover, the builders went head with It and the stxteen-story Hiding Is actually constructed and Is ; 4 be occupied by the middle of February. 'h.t u... a .... Ih.u mAV f a w t h thMI nm the rest? I 3 i The Not aa Arrlitsl. Fontenelle hotel Is not an ac cent as though It had dropped from Javen. It represents an Investment of nservativa business men of the city. they had not formed A corporation Jd built the Fontenelle hotel, thera Is telling what other buildings their tise capital would have built In the ure of the year. The capital was here 4 be used, whether It waa pooled to cher for a $1,000,000 hotel or whether It Jnld have been spent In Individual lots v several $100,000 buildings throughout ?5 city. . Vgaln, It Is held by some that If there uld possibly be any reason for de ctlng the big $1,000,000 permit from the tal for the year, then one, to bo con '.tent, must go back over last year's zords and deduct soma of the largest "siness buildings built In IBIS before a tnparlson can bo made that will bo st. . Ktw Bask Added. na new bank was added to the list i Omaha during 1914. Tills, the Oerman-i-nerlcan State bank, makes the second ,te bank tn Omaha and the second one noa about two years ago. Up to that !no all the banks hero were national, Jie Mtate Bank of Omaha waa the first the state banks to break Into this field id waa shortly followed by the Oerman-merl'-an. i Joint Clearing Ilsue. Ihe Corn Exchange National bank and 0 Btock National bunk 'of South nana, the only two banks of Omaha d South Omaha that had not been "tribe rs of the Omaha Clearing House soclatlon, have Joined the association ring the year Just closed. Clearings Loss Small. ; Vhtle bank clearings In Omaha did not K-h the grand toUl they reached la 191J, t when the difference ta computed on a rcentnge bal. It Is found that the crease In clearings from last year waa m than I per cent. Through a misprint percentage waa published on New ar's day as a decrease of IS per cent, us Is Incorrect, as the decrease was. In und numbers, 138,000.000 on a basis of lal of $!8.M7,ttS.76 in Wit iank deposits as shown by the last call October, as compared with the October II a year ago, show some $10,000,000 less, lis, bankers say, la not at all remark le, aa the crop of wheat was held for s dollar mark thla year on account of s war. The result waa that aa wheat 1 not move early In the fall, money I ont flow Into the banks to swell the posits, aa It did the year before. When a dollar mark was reached, however, o enormous wheat crop began to move, d bankers any that by December It a nk call could have been Issued, It uld have shown at least $S,0u0,000 more deposits here than It ahowed In Oe or . ..- . , . , , Financial Statement of the Omaha Loan and Building Association (The Oldest Savings Institution in Omaha) December 31st, 1914 ASSETS Loans on First Mortgages $6,899,656.80 Loans on Association Shares of Stock 112,001.04 Interest Due from Members .. - 4,849.72 Real Estate Acquired Through Foreclosure 12,783.51 Foreclosures Pending 6,935.58 Furniture and Fixtures .325.25 Association Building 130,840.69 Sundry Persons and Accounts 2,064.97 Cash on Hand and in Banks 122,689.80 Total Assets $7,293,047.36 LIABILITIES Running Stock and Dividends $6,496,196.67 Paid-up Stock and Dividends 551,593.79 Due Sundry Persons on Account of Incomplete Loans 84,296 09 Reserve Fund 154,627.52 Undivided Earnings ". 6,333.29 Total Liabilities $7,293,047.36 Increase in Assets during 1914. . .'. $ 988,933.89 Dividends earned for members during 1914 340,607.75 Loans made during 1914 1,852,200.06 Dividends paid to members since organization. . . . 1,996,136.53 Reserve Fund and Undivided Earnings 160,960.81 Dividends, credited semi-annually, have never been less than 6 per year. Savings accounts may be opened at any time, in any amount from one dollar up. Officers and Directors: G. W. Loomis, President W. S. Wright, Vice-President W. R. Adair, Secretary and Treasurer J. T. Helgren, Assistant Secretary A. A. Allwine, Assistant Secretary. Joseph Barker R. J. Dinning Charles E. Black E. A. Parmelee John H. Butler Millard M. Robertson Office: Association Building Northwest Corner 15th and Dodge Streets South Omaha Office: 503 North 24th Street J. H. Eopietz, Agent 1 ii ii z I Financial Statement ! ! ! II I I of The Conservative Savings and Loan Association of Omaha, Nebraska January 1st, WIS Loans on Improved Real Estate ....$9,061,841.25 Loans on Pass-Book Security 113,203.37 Real Estate and Sales on Contract 29,550.86 Accrued Interest 16,945.36 Office Building and Lot 81,000.00 Cash on Hand and in Banks 315,954.26 Total $9,618,501.10 Dues Paid and Dividends Added $9,217,243.90 Building Loans 131,770.55 Contingent Loss Fund .' 250,000.00 Undivided Profits 19,486.65 Total $9,618,501.10 The officers of The Conservative Savings & Loan Association are able to re port a net increase in resources for the year of almost One Million Dollars. Dividends at the rate of 6 per anninn were paid, requiring for this purpose $4G9,9G0.80, making $2,730,717.86 disbursed in dividends by The Conservative As sociation since its organization twenty-three years ago. The Conservative is laying the strongest emphasis on the matter of encoui ag ing and aiding people to open savings accounts. It is seeking this line of business rather than the larger investmentamounts, with the result that during the past year the number of its savings members increased 1,465. It is "in the air" these days to save money, and this Association invites people with $1.00 or more to be come members any day, without expense, and to add to their savings any amount at any time. j All money invested in our stock is secured by first mortgages on improved properties in Douglas County, Nebraska, (all mortgages being repayable monthly) and by a contingent loss fund of $250,000.00. Home loans promptly cared for. ; i i i OFFICERS AND DIRECTORS: Geo. P. Gilmore, Prw. J. II. McMillan, Asst. Sec'y. Randall K. Brown Robert Dempster Byron R. Hastings II. A.' Thompson Wm. Balrd, Counsel J. A. Lyons, Asst. Sec'jr. K. A. lion son John P. Flack J. O. Robinson A. P. Tukey P. W. Rutins, Sec'jr. and Tree. L. R. Kloneoker, Office Att'y. A. W. Bowman Chav O. George J. A. Snnderland, C M. Wilhelm Offices, 1614 Harney Street i i i O) I I I 1 , f.- -J i . . J I II 1915 lany New Buildings Planned for 1915 Jot only are business men turning to . j proud record of building activities - the last year, but tbey are pointing what la to come during 1915. Thla can . done without overstepping the bounds t probability, for many . buildings are 1 cUjr planned and financed that are ! be built before the year la out. V Oraln Eichange building for IJfO.000 $ a go. The 'World-Herald building for ; COOu Is tailed of more definitely than i ar before. The Burgesa-Kash extension i likely to be made this year. The Kroer- n-Hrantlngham-Wagner warehouse for I u.uUO Is planned. ' Die Huso Kealty company, which has i Ulned a nlncty-nlne-year lease on the I .- ic Dillon corner at Sixteenth and . i num. Is under contract to go ahead I I h something like a $00,000 office and ; 1 t building there. The First I'resby- -tun church la to build a $150,000 atruc ' re. The Clarkson hospital Is to dupll te lis capacity, and the tn. Peter's m ch and school la to build. The bids i i- in for the Orelghton 'Working Ulrls' I ! ine. which is to coat some W.Oue. l'he- 'i a Phlrley are to build a t&AQ etruc- r at Taty-fourth and Karnam ! : The McCAbe MethodUt Episcopal ! ur h Is to build a $12,000 building. The uionul 1'ilnllng company la to build tM.uuO structure. - The Coad Psalty to tu ny has planned to fculld n string of tnty-fpur brick and stucco bouses. I Emergency Money is Fast Being Put Out of Circulation What little of the emergency currency under the Vreelond-Aldrlrh law actually put Into use In Omaha during ' the fall when the war scare waa causing some financial fluctuation, Is now being rap Idly retired by the banks of Omaha that used It. Only a part of thla emergency currency available to the banks of Omaha waa actually called for and used. The local bankers kept their heada well and realised thnt If there was one place tn the country where bankers could got along without calling emergency measures It waa In Omaha this year with the general condition of prosperity and the great crop conditions of the state and this section of the country. Even the crop-moving fund allotted to Omaha by the foderal treasury aa an emergency loan from the Treasury de partment to aid In the moving of the crops waa not all called for by the local banks. Perhaps nowhere also In the country was so much Independence tf world conditions shown by banking houses and fiduciary Institutions as In Omaha dur ing the time aoon after the war broke out, when there was talk of a great flow of American gold to Europe, There was even' talk of panto at the time. Borne of the eastern baaka Issued clearing house certificates which they passed for currency. In their mad effort to prevent their currency from flowing out of their grasp. The Omaha Clearing House as sociation held meeting after meeting for some ten days, and there was talk of doing aa the eastern banks had done. Wiser counsel prevailed, and It was shown clesrly by sumo of the leading financiers of the city that the Omaha banks had plenty of money and that there really waa no need of fear. Thus Omaha stood out almost alone among the cities of Us sis In not Issuing tp tll'lcate currency but paying cash l all that demanded It. Commercial Savings and Loan Association Financial Statement January 1, 1915 HAPPY NEW YEAR ASSETS First Mortgage Loans Loans on Pass-Iiook Se curity ... Real Estate Ileal Estate on Contract... Interest in Arrears Cash 972,650.00 6,671.00 6,590.75 4,93-4.56 216.37 on 17,176.76 $1,010,239.44 I LIABILITIES Dues and Dividends $ Reserve Fund Undivided Profits Incomplete Loans 986,366.54 14,000.00 603.56 9,269.34 I $1,010,239.44 Put Your Savings in a Safe and Profitable Place. Start an Account NOW in This Association. T. J. SHEEHY, Presldeat. Or.WERCIAL DECLARES j ITS SIX PER CENT DIVIDEND .t ti e annual meeting ef the Com ficlal Knd Savings company a dividend is declared at per cent on atl stoc k. ie deposits In this SMotictlon now run -11 beyond the million mark, although company started torn years ago lib a modest balance. Secretary Jamea urrrald reported a good year and es ?rd lilniMlf as well , leted 1U the uuaoes of, lbs year. Omaha Still Fights for Reserve Bank Whether Omaha to permanently to re main In Tenth Begtunal Keserve Bank ing district, which a the Kansas City district, or whether It la eventually to be counted In ttie Cfctcage dbttriet, where the Omaha bankers want to be, te still a tuato-r of conjecture. The briefs In the i axe. In which the Omaha banker are asking to be removed to the Chicago district, have been filed with the Keserve 1 Unking board In Washington. P. C, and It la likely that bankers will be given a chunce to be beard eome. time In February. ' Judge W. D. Mcliugh la representing Nebraska and Wyoming bankers In this raae. lie prepared the brleta and filed them with the board at Washington, fie will go to Washington to argue the case before tb board when the time comes. A number of Omaha bankers will like! go before the board also at that time to give testimony aa to tht-lr rtasons for asking to be transferred to the Chicago dUtrlt-t, the fart that the natural ImiJ of business Is Iwtwren Omaha and t'l.l cgo ltituad of btlwceu Ouiuha and Kaoau City. COAD. KOHANSKY. L. F. ETTER. OFFICERS JAS. DIRECTORS T. r. QUINLAN. JAS. J. FITZGERALD. P. J. SHEEHY. i! i J. FITZGERALD, Secretary. D. J. O'BRIEN. W. P. ADKINS. F. KOUTSKY. RECEIVES ACCOUNTS of from $1.00 to $5,0O0.0Q at any time and Inu always paid dividends on all ac counts at the rate of not less than SIX Per Cent per annum, compounded semi annually. 1505 Farnam St., Omaha. DIVIDEND PERIODS are at January 1st and July 1st, on which dates, at the option of the stock holder, the dividends will be paid in oflsh or added to the principal 311 No. 24th St., So. Omaha STATEMENT OP Nebraska Savings & Loan Ass'n, At the Opening of Business January 1, 1015. RESOURCES Real Estate Loans Loans on Association Stock Real Estate Sold on Contract iicbi urtaio ................. Interest Due from Borrowers . . Cash and Checks in Drawer Cash in Bank LIABILITIES Dividends Added Thereto $806,050.00 21,682.04 6,669.83 2,437.71 463.34 1.258.11 . 36.121.12 $874,682.15 I e I I I Dues Paid and Dividends Added Thereto $848,274.08 Reserve Fund 10,826.54 Undivided Profits 4,766.82 Incomplete Loans 10,814.71 Jan. Jan. Jan. Jan. Jan. Jan. Jan. i $874,682.15 COMPARMIVE GROWTH RESOURCES 1, 1909 $213,121.67 1, 1910 276,607.69 1. 1911 393,071.18 1, 1912 508,948.80 1, 1913 649,184.40 1, 1914 729,999.66 1. 1915 874,682.15 Loans to home makers, on first mortgage security, repaid monthly, like paying rent. Interest rate, 5c per $100 per month, or 6 6-10 per cent per annum. Shares may be subscribed for at any time, giving you an account on which you can deposit your savings weekly, monthly, quarterly, semi-annually. $1.00 starts an account. Investments from $100.00 to $5,000.00 received, on which the dividend Is paid semi-annually, July 1st and January 1st. The as sociation distributes Its earnings to its shareholders pro rata in pro portion to his or her account. Has never paid less than 6 per cent per annum dividends. OFFICERS AMI DIKKUOlW I I Loan Associations Paying Dividends By far the susle4 places In Omaha yesterday were the lean ami building aa aotaUtt. Everywhere ta the lobbies t these ptaera hundreds stooa ta lino wait ing to have their pees beofcs balanced and ! be cfx-tilled wild their sent dividend, j The dividends were declared a week or I mere ao, and the crediting- of this dividend in the various pass books takes ' vla.e immediately after the first of the I yr. In the office of the Conservative Savings and Loan association four tellers ie working at four windows. Seven Hundred Loss in Grocery Fire Kile whiilk damaged the grocery of C Kerrera, LSI Houth Thirteenth street, to the extent of i'M, gave the department quite a bit of work The fire, which la believed to be Incendiary, originated In the basement fiom a pile uf kerosene soaked rubblnh. Kerosene and aii-ohol lai Hull;- c.iwr.ii t'.u main floor of the building. Fire in the s&jae store on No vember caused damage amounting to ITS. Officer Stops Suitcase Thief O. Meaby, Lx Angeles, grabbed two ault caaea In the I'Hloa statlea aad started ta make way with thorn, but was overtaken by Offlcrr lirown gad the ault casea were returned to their owner, whoso train was about to leave the sta tion. Brown then brought llcaby to po lice headquarters, where he Is being held oa suspicion of having stolen a number of grips that have lately disappeared from the Union and Burlington stations. K. r. Mannln. tieorge Lmrkte, charge of the services, which will be purely Masonic. The active pallbesrers will be: Joseph Polcar, 13. E. Klmberly. t'aul Si mod. Kav Hammond, r re in 1 1 1. Heaorary pallbearers will be: Commercial Club C. C. Rosewater. Itoherl Co well. Manufacturers- Club r. . Knapp, W. J. Monnghan. Omsha Printing Company F. n. Joha sen, C. O. Cope. Rotary Club Victor Rosewater, Harry P. Wellcr. FUNERAL OF F I. ELLICK IS TO BE HELD TODAY ! The funeral of Frank I EUtck. manager of tha Omaha Printing company and former president of the Rotary club, who died nt Los Angeles, will be held today afternoon from the ramlly residence, 1135 lavenport street, at 3.JU, to Furcat lwn reiretery, where the body will be put lemrorsrily In a reviving vault. The Liutngcr luUg of Masons will bo ta Austrian Guns Hit Austrian Warship (Copyright, mi. by Press Publishing Co.) ROME. Jan. t (Special Cablegram to New York World and Omaha Bee.) It Is now known that the Austrlsn battle ship Radlasky has had to dock at Fola owing to holes In Ita hull made by the guns of the Austrian lorta during the i THOS. A. FKV, rrexWleitt. ICOHKKT S. WILCOX, V. Pres. JOHN It. lUtANDT, Secrelary. J. K. HAVKKSTICK, Trcas. KIMiAi; M. MOIIMMAX JIL. Attorney. DAVID COLK. DAKTHOI.KMEW JVLIEX W. D. T. BF.LT. THOMAS F. GODFREY. DYKO.V R. HASTINGS. THOMAS J. FITZMOHR1S. IViard of Traile HuiUiing, 100."V Farnam Street. Third of Palestine . Could Be Bought Now If Coin Available 8T. LOUIS. Jan. I.-One-thlrd of Palestine could bo bought now for re storation aa the home of the Jewlsn race if the funds were available, according to a statement by Dr. Kaplan KapWnaky of The Hague, made here today before the annual convention of the Knltfhta of confusion of an attack, and the panic Heretofore me cn.e. .r3u..K-u. v. epponents ol ifcionism nas following it by the French submarine Curie, The forta opened fire against their own ships, which lay at anchor In the offing when assailed by the bclow-water craft. The commander of the forts com mitted suicide aa won ss be discovered Uie damage which be had wrouguL Palestine was unpurchasable. In accordance with a rule estabnarai at the convention forbidding the msntio i of the bearing of the European war on tha Zionist movement. Ir. Kaplansky aa unable to state whether the war was responsible for the oonditioa ho men tioned. Pr. Kaplansky ta general secretary of the Jen ten national fund bureau. The fund now totala t.OOO.OM franca, he said. three-fourths of which Is Invested la Palestinian farm lands. Ths total Jew Ish population of that country, he said, Ii about 120.0"0. though there is room for more than J.OuO.OOO people. Revolution Breaks Out in Paraguay PL' EN OS AIRES, Jan. 2.-La Prena today prints a dUpatcli received from Formosa. Argentina, stating that a rev olution haa broken out In Paraguay, aa artillery regiment having taken the field. The dispatch adds that Dr. Eduardo Bherer, president of the republic, la t.risiner.