10
THE BEE: OMAHA, SATURDAY, JANUARY 1, 1010.
YIDEHDS PAID
'' TO STOCKHOLDERS
Building: and Loan Associations of
Omaha Close Up Ono of Host
Prosperous Yean in History.
JmHOIfS PUT INTO SA VINOS
Any time after today something- ortr
Ml.a la to ba paid by the loan and
building associations of Omaha In the
form of dividend to the 85,000 persons
who ara keeping their savings with these
companies. Thla represents the divi
dends of tha half rear, aa they are paid
twice a year by these companies. There
are eight such organisations In Omaha,
with assets totalling about S3D.000.OnO.
Tha Commercial Savlnga A Loan asso
ciation, la one of tha growing asaorla
tlona, having at the cloae of buslnesa
yesterday, assets amounting to S1.072.Z90.36.
The company has a reserve of 117.500;
cash on hand, M.tflft SO. and first mort
gage loans amounting to SWU.Srt). The
reserve fund and undivided profits total
S1S.W7.3S.
Passes Mllllna Mark.
The Nebraska Savings A Loan associa
tion eight yea re ago changed from the
aerial to the permanent plan of share Is
sues, and sought business on equal terms
with tha stronger associations. Results
jutlfled the change. From amets of
I1.000 In July. MOT, tha association ad
vanced steadily until laat month, when
the St.000,000 mark waa passed. The as
sociation closed Its annual report with
assets of 11,906,000, a gn of $l30,noo for
the year.
During 1S16 the Nebraaka made 157
loans to home makers, of which eighty
were for new buildings. The usual S
per cent dividend, amounting to Sul.za,
waa paid to the ahareholders. and tha
reserra fund and undivided profit account
Increased to S1M00. The whole year's
business was handled for a total of $5,181
Mlllon dollar associations have ceased
to be a novelty in Omaha. Ftour of them
reached the seven-figure mark some years
ago, and two have added the eight to
their expanding records. The novelty
remains, however, to the officers of the
smaller associations whose guiding hands
snd minds push forward the business of
an association until to the point that
waa In former years deemed tha goal of
ambition, the 11.000,000 mark In assets.
Peapla Sarlaar Money.
Mora Omaha people are saving money
than aver before. This Is shown by tha
semi-annual report of the Omaha Loan
and Building association, submitted by
Secretary W. B, Adair at a meeting of the
board of directors, a said:
"Tha figures are tha result of our work
during 1015: Increase in assets, S1.K6.604.5U
total assets, SS.S78.470.43; receipts during
the year. H.0B1.96S.89; loana made. S1.8S7,
7; dividends paid to members. S382.304.70;
Increase In reserve and undivided profits,
J,40l.45; contingent loss fund. S1W.42&.24.
"The fact that our association could
could not accept oil the money tendered
during tha year for Investment Is a true
Indication of sound financial conditions
In Omaha. Tha number of savings sl
rounts opened since July 1 shows a
healthy Increase, and tha business of tha
association has expended every month
of the year. J
'It Is possible that tha war In Durope
may have Influenced a greater number
of persons to Increase their savings. But
the prime causa of of tha growth of our
rlnn accounts may be traced to tha
lettcrmrnt of trade and Industrial con
UM'Mis. which we hope Is the forerunner
of nn ern 'if prosperity smnng all classes.
"Crrta'nly present Indications point to
1I as a year of permanent growth of
that r!ch reslnn of which Omaha Is the
commercial center. That our association
shall continue to share largely In such
growth Is a foregone conclusion."
I-sra"t la t'altea States.
The Conservative Savlnga and Loan
atlll holds the record of being the larg
est In the t'nlted States. Its total assets
at tho present time are SI 1.333,551.73. Its
resources have Increased In the last six
months by S71S.19H. Dividends created
for the half year are S27S.S2S.IW. The dv.
dends paid for the whole year are STOS.OOO
approximately.
The venture Into tha field of making
farm loana on the security of Improved
farms In tha recognised agricultural belt
has proven popular with the farmers and
the company now have soma $900,009 in
such loans. Tha fifteen and one-half
year amortisation plan under which these
luans are made Is a popular feature.
That the habit of saving in amounts
cither large or small Is growing mora
and mora popular Is evidenced by the
fact that the company opened a net of
t.om new savings accounts for depos
itors In the course of the year.
The year IMS waa for this company
tho largest In Its history In the growth
of assets, these having Increased by
S1.715.0U).
were soma of tha most extensive manu
faeturers In the country. And with the
publicity given them during tha last nine
months their names have become house
hold words throughout te confines of
Omaha and Its trade terttory. In this
campaign warn:
Tha Bemla Bag company, tha largest
concern of Its kind In tha world.. It puts
out a Una of all kinds of bags, besides
being one of tha largest tnanAfacturers of
horse blankets.
Tha Wrake, Williams, Mount company.
This concern Is one of tha largest of the
boiler making establishments In the west.
Tha Omaha Bottling company and the
81oup, Sherry Bottling company. Rach
does an extensive business In the manu
facture of soft drinks, with a trade that
covers five states.
The Omaha Box company and the Eg-gers-OTlyng
company, both manufac
turers of boxes, the formtr manufactur
ing wooden and the later fiber and cor
rugated paper and board boxes.
The Stors Brewing company, the Mels
Brewing company, tha Fred Krug Brew
ing company, the Jetter Brewing com
pany and the Willow Hprlnsa Brewing
compsny are among the best known con
cerns In the west and their trade Is extensive.
nne Better A ay where.
The Hydraulic Preased Brick company
manufactures a grade of pressed brick
that has no superior In the United States.
The product Is used over the entire cen
tral west.
C. B. Liver V Co. are extensive manu
facturers and jobbers in everything In
the way of tools used by butchers and
In packing houses.
The Casco Milling company puts out
a full Una of cornmeal, poultry and
chicken feed and has built up an enor
mous trade.
The Omaha Concrete Stone company
Is one of the largest manufacturers and
contractors In cement block and cement
building material in the west.
The D. J. O'Brien and the Voegele A
Dinning companies sre the largest candy
Jobbers and manufacturers west of Chi
cago. The L. C. Doup company manufactures
lounges, couches and mattresses that
have a most enviable reputation from the
fiver to the mountains.
Here there are two Immense coffee,
tea and spice houses, the Palmer-Olson
company and the German-American Cof
fee company. Both buy direct from plan
tations and here In Omaha do all their
roasting, grinding and packing.
The Iten Biscuit compsny Is the largest
concern of Its kind In the west. Us plant
covering practically an entire city block.
It puts out a full Una of crackers, cakes
and cookies.
Tha Omaha Batter Market.
Omaha Is the largest butter market In
tha world, tha pack exceeding that of
any other city. The Fairmont and the
Waterloo creameries have been Instru
mental In making Omaha known as the
great butter packing center.
Tha Klrschbraun A Hon commission
house Is known all over the west for Its
square dealing. It handles produce of all
kinds and fruits.
Tha Her A Co. Willow Springs distil
lery Is the largest spirit manufacturing
house In tha west, and In connection
therewith operates extensive cattle feed
ing yards.
Tha Omaha Electrlo Light and Power
company supplies Omaha and Its sub
urbs with light and power and, has a
plant that Is unequalled.
The Burgess-Qranden company Is one
of tha largest and most extensive dealers
In electrical supplies and lighting fix
tures to be found west of Chicago.
Tha Baker Bros.' Engraving company
does all kinds of engraving, elcctrotyplng
snd lithographing. Its plant o com
plete that It can handle anything from a
visiting card up to the largest poster.
The Burkley Envelope company manu
factures envelopes and In a few years
has built up a trade that extends from
the lakes to the rati fie roast.
The Omaha Fixture and Supply com
pany carries a full and extensive Una of
bank, office and store fixtures, all of Its
own make and assured to be the best
and most up-to-date that ran be found
In any city in the land.
The l;pdlke Milling company operates
one of the largest flouring mills In the
Missouri valley and e)oys a trade that
covers sn extensive area.
Some Other l.laes.
The laniard Furnace snd Supply com
pany puts out the celebrated Nesbit all
cast and Weir all-steel furnaces, besides
csrrylng a large stock of furnace aup
plies. The Omaha Foundry company Is pre
pared at all times to handle the largest
orders.
The National Fur and Tanning company
Is one of the largest concerns of Its kind
In the west. Its purchasing market Is
the world and Its selling market Is all
over the United States.
The Omaha Has company supplies the
city with gas and has mains laid to some
of the suburbs. Its output Is of a su
perior quality.
The Omaha Hat factory puta out a com
plete line of hats and caps and loes a
large Jobbing business.
The Peoples' Ice and Cold Storage com
pany and the Omaha lea and Cold Stor
age company supply Omaha and suburbs
with manufactured Ice that Is the purest
of the pure. Besides, both concerns lo an
extensive cold storage business.
The Baker Ice Machine compsny builds
Ice-making and refrigerating machines
and la the only concern of Its kind In the
central west. It enjoys an extensive
trade.
The Nonpareil, the Kimball and the
Puritan laundries are Immense plants
anl. besides keeping Omaha clean, do
much of tha laundry work for towns and
cities within a rsdlus of loo miles.
The Lawrence Shot and Lad company
Is an extensive dealer In lead and the
manufacturing of ahot. It gives employ
ment to a Isrge number of men and has
an extensive trade.
The Lodge Supply company manufac
tures and deals In all class of lodge and
secret society supplies, no contract being
too Isrse for it to handle.
The Skinner Manufacturing company is
probably about the largest manufacturer
of macaroni In the country. It formerly
occupied a targe five-story building and
last year doubled the else of the plant.
Its trade covers the entire country.
J. F. Bloom and company manufacture
the highest grade of monuments of any
concern In the country. The trade Is
extensive.
The L. V. Nicholas OH company Is
nearly as large and an extensive dealer
In oil as the Standard Oil company. It
has Its own refineries and an enormous
distributing plant In Omaha.
Creat Packing; Plant.
Swift and company Is a concer nthat Is
known tho world over. Its packing
house at South Omaha Is one of the larg
est. The company Is constantly In tha
market for all kinds of live stock. It
deals largely with country butchers, sup
plying them with fresh and cured meats.
The Midland Glass and Paint company
la one of the largest Jobbers In glass and
paints to be found In the west. It has
Its own art glass manufacturing plant
and does its own cutting!
The Bankers Realty Investment com
pany deals extensively In real estate and
Investments. It also builds houses and
sells them on the easy payment plan.
The Omaha Printing company and Corey
A McKenxle do an extensive business In
the printing line. The Omaha specialises
In blank books and office furniture: Corey
A McKenxle do blank book work, sell
office furniture and are expert Job print
ers.
J. H. Haney A Company are probably
the largest manufacturers of harness,
saddles snd home goods west of Chicago.
They sell from the. Mississippi river to
the Paciflo coast.
The Defiance Starch company manufac
tures a brand of starch that Is known
almost the world over for ita excellence.
Savins; the Hoc.
The O. K. Serum company, the Axtell
Serum company, the Omaha Serum com
pany and the Grain Belt Supply company
manufacture aerum that cures hog chol
era and during the last year have enjoyed
an enormous trade.
The Nebraska and Iowa Steel Tank
company manufactures about everything
In sheet Iron, specialising an tankage of
all kinds.
The Scott-Omaha Tent and Awning
company employs a large number of
persons the year 'round manufacturing
tents, tent houses, awnings, porchgoods
and wagon covers.
The Smith, Lock wood Manufacturing
company Is an extensive manufacturer
of cravats and suspenders, as well aa
putting out a large line of purses, pocket
books and leather goods.
The Gordon. Lawless company manu
factures tin cans and sheet metal goods
for a large area, having some of the
biggest packers as its customers.
The Omaha Wood Working company
manufactures sll kinds of office and
bank furniture and fixtures, doing an
Immense business.
Among tha wholesale grocers of the
country, there are none west of Chicago
that do a greater business than the
Paxton A Gallagher company. It Is one
of the oldest concerns In the west and
has a trade that reaches up to Canada
and west to the Pacific coast.
Baalaesa Change at Crete.
CRETE, Neb., Dec. 31. (Special.) A
deal was completed here torfay, whereby
Fuhrer A Francl sold their candy store
to George Vlfquln. The new proprietor
takes possession February 1.
California Market
Board in Charge of
Routing Products
WASHINGTON, D. C. Dec. SI. After
consulting for several days with Attor
ney General Gregory and members of the
Federal Trade commission Harris Weln
stock, California state market director,
left today for California to Invite all
producers of perishable farm products In
that state to give the State Market com
mission a monopoly of routing and di
recting csrloads of the products for the
eastern markets.
While not having any formal approval
from the federal officials for his plan
Mr. Weinstock said they had found no
defects and he waa confident the state
could do without question that which
Individuals acting separately or through
private organizations could not do.
"One of the weak spots In the eastern
marketing of California perishable farm
products," said Mr. Weinstock, "is thit
some of the shippers are large individual
growers, some are growers' co-operative
societies and some are shipping corpora
tions, with the result that the distribu
tion has been conflicting, uncontrollable:
uncontrolled and unscientific snd causal
lng frequent gluts and famines."
Bank Clearings in
Larger Cities Are
Far Above Record
CHICAGO, Dec. 31. Bsnk clearings fo
fflj in the principal cities of tha country
show Important Increases today at the
end of the year.
Chicago's 1!15 hank clearings totalled;,
$1.1!8 9S.-).174.I52, breaking the previous raoJ
ord established In 1913 of $16,073,130,524.
Philadelphia reported clearings of 3.SSle
631,202, as against S7,!lR,Ofi4.219 for 1!14.
Boston s clearings were $8,25.93.,635, aau1
Increase of 9.9 per cent over 1914.
St. IxjuIs banks cleared $1,133,529,090,
breaking all records and exceeding last
year's mark by $24,679,000.
Detroit increased Ita bank clearings 10.0)
per cent, attaining a mark of $l,4S4.973,S49
Kansas City clearings were VJ.815.000,009,
a new record, and In excess of tho 1914
clearances by $1 9.000.000.
Read The Kee Want Ads. It pays!
pose.
I
1916 HAPPY NEW YEAR 1916
STATEMENT OF
Nebraska Savings & Loan Association B
Commercial Savings and Loan
Association
- Financial Statement January 1, 19JS
ASSETS
First Mortgage Loans $ 986,800.00
Loana on Pass-Book Se
curity ' 3,105.00
Ileal Estate 8,857.70
Real Estate on Contract. . . 3,583.08
Interest in Arrears 457.58
Cash on Hand 09,495.90
$1,072,299.26
LIABILITIES
Dues and Dividends. ..... .$1,037,467.24
Reserve Fund 17,500.00
Undivided Profits 1,967.26
Incomplete Loans 15,364.76
$1,072,299.26
Put Your Savings in a Safe and Profitable Placet
Mart an Account NOW in This Association.
Under Supervision of the State Ranking Board.
OFFICERS:
P. J. SHKEHY President J AS. J. FITZGERALD Secretary
W P. ADKIN3 Vice President F. W. THOMAS Treasurer
' A. H. MURDOCK Attorney
' DIRECTORS:
D. J. O'BRIEN, W. P. ADKTN9. F. KOUTSKY. W. J. COAD, E. C. KOHANSKY, L. F. ETTEH,
T. F. QUINLAN.
RECEIVES ACCOUNTS
of from 1.00 to $5,000.00 at any time and has
always paid dividends on all accounts at the
rate of not less than SIX Per Cent per annum,
compounded semi-annually.
DIVIDEND PERIODS
are at January 1st and July 1st, on which dates,
at the option of the stockholder, the dividends
will be paid in cash or added to tho principal.
4931 South 24th St, South Side
At the Opc-nlnp; of Business January 1, 1816.
RESOURCES.
Real Estate Loans
Loans on Association Stock.
Real Estate Sold on Contract.
Real Estate
Foreclosure Account Face of Loans and Costs Paid.
Interest Due from Borrowers.
Cash and Checks in Drawer..
Cash In Bank
.1
957,200.00
10,746.48
5,778.78
2,383.02
668.82
270.57
1,564.54
37,024.16
THOS. A. FRY, President.
ROBERT 8. WlliCOX, V. Pres.
JOHN R. BRANDT, Secretary.
U. K. HAVERSTICK, Treas.
KDC.AR M. MOBSMAN, JR.,
Attorney.
O. T. KIPLINGER.
HARTHOLEMEW JTTTEX.
V. II. T. BELT.
THOMAS ,F. GODFREY.
BYROX R. HASTINGS.
THOMAS J. FITZMORRIS.
OMAHA FACTORIES
EOOST FOR OMAHA
(Continued front Page One.)
their grain and their hog and cattla
and all tha product of their farms.
As soon aa outside merchants got this
Una on tha schema of tha Omaha manu
facturers, tha business of tha latter com
menced to show a substantial Increaa.
keeping It up month after month.
Perhaps there waa something a bit self
ish In the motives of the Omaha manu
facturers who went Into the scheme of
pushing the sale of Omaha goods,
llelptag Omaha, Too.
(Hill, If there waa and If they were add
ing to their bank accounts, they were
helping tha city and its business men In
every line, for as tha sales increased
and tha outputs of tho factories became
greater, it became necessary to employ
more people to help In tha manufacture
of the wares. The employment of more
people meant a greater demand for
houcs for the workmen and their fainl
lles, and the filling up of these housca
with men and women who were drawing
good salaries and paid off weekly, on
monthly, meant mora money for the
grocers, the butchers, tha dry goods,
ciothiig and shoe store.
The money paid out to the employee
waa distributed among hundreds of deal
ers in tbe various lines and all got their
relative shares.
Whlla it la difficult to make an abso
lutely corect estimate, it la safe to predict
that tha campaign inaugurated by the
sixty, or more manufacturers of Omaha
last March, added several scores of fami
lies to the population of Omaha before
tha close of the year. Tho heads of these
families geuerally were experts in tha
lints in which tbey engaged and they
drew salaries commensurate with the era-tluymt-nt
they performed.
Tfcrr im tbe Ulaa baser.
Of the corporations, firms and lii
1niJusl8 who entrrcd upon tha campaign
in t-jxnuute the "ilade-in-Omaba" guods
FINANCIAL STATEMENT OF
THE CONSERVATIVE
Savings and Loan Association
Of Omaha. Nebraska
January 1, 1916
First Mortgage Loana on Improved City Real Estate.... $9,791,330.14
First Mortgage Loans on Improved Farms 662,500.00
Real Estate and Sales on Contract 34,606.90
Loans on Conservative Association Stock 87,226.01
Accrued Interest 20,200.34
Office Building and Lot 81,000.00
Municipal Bonds and Warrants; 178,900.90
Cash on Hand and in Banks 477,787.44
Total , $11,333,551.73
Dues Paid and Dividends Added $10,846,859.55
Building Loans 184,626.07
Contingent Loss Fund 290,000.00
Undivided Profits - 12,066.11
Total $11,333,551.73
Increase in Resources Past Six Months $ 719,193.36
Amount of Dividends Credited Jan. 1, 1916 278,823.86
Dividends Credited Since Organization 3,266,759.37
Loans promptly made on Omaha Real Estate or on ' Improved
Farms in Eastern Nebraska. Call for rates. Money to Loan.
The Conservative is laying the strongest emphasis on the matter of
encouraging and aiding people to open savings accounts. It is seeking
this line of business rather than the larger investment amounts, with
the result that during the past year the number of its savings members
increased 2091 It is "in the air" these days to save money, and this
Association invites people with $1.00 or more to become members any
day, without expense, and to add to their savings any amount at any
time.
Officers and Directors:
Geo. F. (illmore, Pres. Wm. Ralrd, Counsel
T. If. McMillan, Asst. SC 3. A. Lyons, Asst. Sec
Randall K. Brown K. A. Benson
Robert Detnpater John F. Mack
Byron K. Hasting J. V. RoMnson
II. A. Thompson A. I. Tukey
P. W. Kuhns, Sec.-Trea.
Jj. R- Slonecker, Attorney
A. V. Bowman
Charles O. George
J. A. Sunderland
C. M. WUhe-lm
Offices, 1614 Harney Street, Omaha
FINANCIAL -STATEMENT
Mil. andBng Association
December 31st, 1915
ASSETS.
Loans on First Mortgages , $7,928,576.80
Loans on Association Shares of Stock 101,501.60
Interest Due from Members 6,666.50
Real Estate Acquired Through Foreclosure 22,882.95
Foreclosures Pending , 5,610.85
Office Furniture and Fixtures 020.00
Association Building 180,000.00
Sundry Persons and Accounts 1,208.22
Cash on Hand and in Banks 248,695.41
Certificates of Deposit 60,783.93
County Warrants 22,024.11
Total Assets $8,578,470.43
LIABILITIES.
Kunning Stock and Dividends $7,563,355.03
Paid-up Stock and Dividends (528,401.67
Due Sundry Persons on Account of Incomplete Loans 173,919.64
Reserve Fund 196,425.24
Undivided Earnings 16,308.85
Total Liabilities $8,578,470.43
Increase in Assets during 1915 $1,285,596.51
Dividends Earned for Members during 1915 382,304.70
Dividends Earned for Members since organization 2,378,054.54
Reserve Fund and Undivided Earnings. . 212,794.09
The Omaha Loan and Building Association is the oldest savings Institution in Omaha, and one of
tbe largest Building and Loan Associations in the I.'nited States.
Durlns: tbe past year we have made 963 real estate loans, amounting to $1,594,400.00, of which
306 wero for the purpose of erecting homes, and the others to purchase homes already built, and for
other purposes. ',
The ease and promptness with which loans are secured, coupled with the low rate of Interest and
the easy monthly payments, makes our plan especially attractive to the average man of moderate
means who Is ambitious to become a home owner,
Savings Accounts may be opened at any time. In any amount from One Dollar up.
OFFICERS AND DIRECTORS;
J. W. LOOMIS. President. W. S. WRIC.HT, Vice President.
W. n. ADAIR, Secretary and Treasurer.
J. T. HKIXJREX, Assistant Secretary. A. A. AU.WINK. AsaiNtant Secretary.
JOSKI'H BARKER, CHARLES E. BLACK, JOHX H. BITIJCR,
R. J. BIXXIXG, E. A PARMELKE, MIIJRD M. ROBERTSOW.
OFFICE: Association Building, Northwest Corner Dodge and Fifteenth Streets.
SOUTH OMAHA OFFICE: 4733 South Twenty-fourth Street. J. H. Kopietz, Agent
$1,015,536.37
LIABILITIES.
Reserve Fund 9!!,!1H?
Undivided Profits 13,a2'2.
Incomplete Loans , 096.07
Bills fayable 15.892.67
$1,015,536.37
COMPARATIVE GROWTH.
RESOURCES.
January 1, 1909 213,111.67
January 1. 1910 276,607.69
January 1. 1911 393,071.18
January 1, 1912 608,948.88
January 1, 1913 649,184.40
January 1, 1914 729,999.66
January 1. 1915 874,682.1i
January 1. 1916 1.015,536.37
Loans to home makers, on Tlrst mortgage security, repaid
monthly, like paying rent. Interest rate, 55c 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
annum dividends.
OFFICERS ANI DIRECTORS.
SAUNDERS-KEXXEDY RUILRIXtJ, 211 S. 18th St. City Hall Block