THE BEE: OMAHA, THURSDAY, AUGUST 3, 1916.
Fremont's Banks Are Prosperous and Solid Institutions
If you go to Fremont you will be
minded every fifteen minutes that
Jiere ii a First National bank, since
himes are rung in front of that es-
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,iauiiBnuiciu luur iiiuca an num. uui
there are three other national banks
fc'f Jn the city, two savings banks and a
jj trust company. Two building and
( loan associations also help the people
'..;( to take care of their surplus money.
;'i The First National bank was estab
lished in 1866, with a capital of $7,500.
It! first president was E. H. Rogers
and its first cashier L. H. Rogers.
Now it has a capital of $150,01X1. De
posits amount to $1,135,000,, air in
crease of $300,000 over a year ago.
Its new building, erected less than
two years ago, cost $150,000. Its sur
plus is $30,000. It has close relations
with sixty other' banks in northern
and eastern Nebraska. The president
is H. T. Lee: vice president, E. R. Gur-
ney and A. C. Christensen; cashier,
n. Williams.
The Farmers Merchants bank's
resident is Philip S. Rine; vice presi-
and cashier, William fc. smaiis;
assistant cashier, Victor Seitz, and R.
H. Buss. This bank was started in
1884, on a capital of $25,000. Its first
? resident was Georgt V. E. Uorsey.
ts capital is now $100,000. Deposits
amount to $350,000, an increase of
$75,000 during the year. There is dis
played in the front window the ori
ginal summons to Mr. Smails. on
May 23, 1877, to go out and kill grass
hoppers. This was the only time the
people of the state were really
seriously afflicted with the pests. The
insects were so thick they would
cloud the sun. It was a case of "root
hog or die," and bankers as well as
laborers were called out to do duty
for their town. The surplus of the
Farmers and Merchants National
bank is $52,000.
The Commercial National bank, like
the others on Main street, has a capi
tal of $100,000. Deposits amount to
$950,000, an increase of $100,000 over
a year ago. Surplus and profits
amount to $130,000, the highest they
have ever been. The president is Otto
H. Schurman; vice president, C.
Christensen; cashier, O. F. Turner.
In connection with the national
bank, this institution conducts a sav
ings department, with a" capital of
$18,000. The surplus is $15,000. De
posits are $250,000. George L. Loomis
is vice president. The other officials
are the same as in the national bank.
The Fremont National bank was
started in 1883 on a capital of $50,000.
Its first president was A. P. Hopkins.
Its present capital is $150,000. Depos
its foot up $650,000, a gain of $100,000
over last year. There is a surplus of
$100,000. It never missed paying a
dividend. Its president is Charles F.
Dodge; vice presidents, J. T. May
and H. Wehner; cashier, I. McKen-
nan; assistant cashier, C. A. Silas.
The Security Savings bank, under the
same management, has a capital of
$18,000; deposits, $139,695.85.
The Fremont State bank, formerly
a savings bank, was reorganized two
years ago. Its president is Louis E.
May and its cashier D. D. Rowc. This
bank is located on Sixth street. It
was established in 1905, with R. B.
Snvder at president and a capital at
that time of $15,000. Now its capital
is $50,000 and surplus $5,000. Depos
its amount to $260,000. This is the
only state bank in Fremont. It is
protected by a guarantee fund of
$1,000,000.
The president of the Nebraska
Building and Loan association is T.
L. Mathew. This organization was
started in 1892. Its total assets
amount to $1,905,000. It has dealings
with 150 persons in that section of
Nebraska.
The' Equitable Building and Loan
association hat assets of $230,000. Its
president is Frank Hammond; vice
president, Frank Fowler; secretary,
Arthur Truesdell. It has gained about
20 per cent in business during the
year. The president was congratu
lated recently in a letter from a prom
inent Omaha man on the high char
acter of the men with whom it is now
doing business.
I The Federal Trust company has a.
capital of $100,000; deposits, $100,000.
This concern was started in 1911. Its
surplus August 1, 1913, was $1,000;
surplus in 1914, $2,500, and in 1915,
$4,500. v
The., total clearings in Fremont
bank for the year ending June 1,
1914, was $18,850,000; June 1, 1915,
$21,537,000; June 1, 1916, $22,045,000.
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f While anyone in Fremont can itart
a bank account with $1, and although
more than $500,000 more money was
deposited in the banks than there was
a year ago, not all of it goes to the
banks. Thrifty Fremontera are find
ing the building and loan associations
good places to put their surplus
earnings. There are two auch organi
zations in the . city, payments being
made monthly. There is more profit
on one's money there than in the
banks. It does not necessarily mean
that every person who invest money
in this way means to build a house.
Some people have a good deal of
ready money, from $500 up into the
thousands. For such person the
mortgage field is a profitable one.
Everyone knows that Dodge county is
rich and prosperous, but tt is not o
well known that more than million
dollars a year is borrowed on farms
of that county. Fortunate is he who
has his money invested in one or more
of these farm mortgage, for where
the amount is in proper proportion to
the value of the farm, as is usually
the case, it is as safe as a government
bond, and bears much better interest.
Needless to say, the demand for
these mortgages is very strong, east
ern and other life insurance compan
ies being in the field after them. Fre
mont savings bank and professional
money loaning institution seek
them, and fully two-thirds of the
amount borrowed in a year, is ob
tained from Nebraskani, including
many Fremonters. A good way to
get such a mortgage it to apply to
some Fremont real estate or loan
agency or trust company. The rates
paid on Dodge county mortgages
range from I'A per cent to a trifle
more than 6.
Then one can loan oiuney profitably
on Fremont business or residence
property. More than $300,000 is bor
rowed in a single year on tuch land or
buildings. On these there is a higher
rate of interest than on farm mort
gages, and they are more available to
Fremont people and institutions than
the latter because of the inability of
eastern insurance and . other outside
institutions to handle them. More
discrimination and judgment is needed
than with farm mortgages, because of
the wide difference in values at short
intervals of city property.
When land ranges above1 $150 an
acre, as has been the case in recent
years in Dodge county, there is, of
course, no such big advance possible
a in years gone by. The average
yearly advance on luch land is now
not more than 2 or 3 per cent and the
rental returns yielding about 3 per
cent additional make altogether in the
-Termers xd Merchant 2fet'J2tank
course of years a 5 or 6 per cent in
vestment. Rental returns will be
larger with better farming, the more
general use of the tractor and tuch
changes at July and August plowing
for wheat and deep plowing for corn.
But this ia a mixed country and
there is land still in the vicinity that
can be picked up at a reasonable fig
ure. It is not only the capitalist, as
hi' is generally known, who is in
vesting his money in such way.
There is a factory foreman in Fre
mont who little by little from his
monthly salary has got poiiession of
five or tix comfortable cottages,
from which there it a utisfactory in
come. There are many opportunities
like this and a the president of the
Commercial club ha shown in hi
lateit report there it a strong demand,
not only for many houses for rent at
from $18 to $22, but (tores alio, on
the tide ttreett, where the rent will
not be a large a on the more promi
nent thoroughfare. In thu reipect
Fremont could well follow the ex
ample of Halting!, where many auch
building of both kind have already
been provided.
1
irst National Bank
Of Fremont
The Fidelity Trust Company
Affiliated institutions having combined capital
and surplus of $300,000.00, and combined assets
of nearly $2,000,000.00 offer their services in every
branch of banking to
Every Nebraska Interest,
Personal or Corporate
We ask you to come to Fremont and we most cor
dially inyite you to make our home your home
while in the city. Come in and see our business
home. There are some who are kind enough to
say we have the most beautiful banking room
in Nebraska.
The Fidelity Trust Company
F. B. KNAPP, President
The First National Bank
H. J. LEE, President
iiHiiiiaiw
IIMIIIIIIll
(Established 1884)
The Farmers and Merchants
National Rankf
OF FREMONT
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p,
The officers and stockholders of this old, institution extend a f
cordial welcome to everybody to come to the great Tractor Dem-
onstration at Fremont August 7 to 11. The pleasure will be ours
to meet you. f
OFFICERS:
PHILIP S. RINE, President. WM. E. SMAILS, Vice President and Cashier.
VICTOR SEITZ, and RALPH H. BUSS, Assistant Cashiers. i
G. F. WOLZ, B. W. REYNOLDS, R. W. McGINNIS, J. O. MILLIGAN, H. J. HAUSER. 1
St
HlllillllllllllMlliailiiBIM
MMW III Ml' . I ' . .. . ; ...
To obtain that satisfied feeling
the drink must be
Golden Rod
Soda Waters
The , Golden Rod brand is refresh'
ing, healthful, invigorating and pure
mi
I
Manufactured by
The Fremont Bottling Works
Fremont, Nebraska