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Frontier.
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VOLUME XLIX.
O’NEILL, NEBRASKA, THURSDAY, JANUARY 10, 1929.
no.
Roll of Honor Bank
REPORT OF THE CONDITION OF
The O’Neill National Bank
AS MADE TO THE COMPTROLLER OF THE CURRENCY DECEMBER 31, 1928.
RESOURCES
LOANS AND DISCOUNTS . $193,306.82
This consists of notes given by our
customers—mostly farmers—a very
large per cent of which is secured
by chattel mortgage or other collateral.
OVERDRAFTS _ 289.61
This represents money due us from
depositors who nave checked out
more than they had on deposit.
UNITED STATES BONDS . 93,150.00
These are all gold obligations of the
United States and all are now selling
above par. Valued by National Bank
Examiner on Dec. 6, 1928, last ex
amination at $874.09 more than what
we are carrying them on our books.
OTHER BONDS AND SECURITIES 86,056.52
This consists of municipal and in
dustrial bonds, county, township and
school warrants, all worth par or
better. Valued on Dec. 6, 1928, by
Bank Examiner, (according to mar
ket quotations) at $449.42 more than
we are carrying them on our books.
BANKING-HOUSE AND FIXTURES 5,068.00
Consisting of bank building, vaults,
safes and fixtures of all kinds, worth
about double the above amount.
OTHER REAL ESTATE OWNED 6,000.00
This consists of a clear 320 acre im
proved farm in Holt county and a
dwelling house in Neligh, Nebraska.
Costing us 50% more than what we
are carrying it on our books.
CASH AND SIGHT EXCHANGE - 315,420.61
This consists of cash in vault, and
due from other banks, subject to
our check, and from United States
Treasurer. Note that this is over
60% of our total deposits. --—■
TOTAL __-_ $699,291.56
LIABILITIES
CAPITAL STOCK -$50,000.00
This represents the cash paid in
on the original investment by the
stock holders. •
SURPLUS AND UNDIVIDED
PROFITS .. . 81,135.25
This is a part if the earnings of
the bank that have been set aside
from time to time to cover possible
losses and for the further protect
ion of our depositors. This fund is
42 per cent of all our loans and dis
counts and 162 per cent of our
capital.
CIRCULATION _ 60.000.00
This represents the “currency” or
“national bank notes” we have in
circulation for which we have de
posited with the Treasurer of the
United States $50,000.00 U. S. Gold
Bonds to guarantee the redemption
of these notes.
DEPOSITS 518,156.31
Represents money deposited in this
bank by firms or individuals, a part
of which is subject to check on de
mand and a part on time certificates
of deposit running six or twelve
months, on which we pay 4 per cent
interest.
REDISCOUNTS OR BILLS
PAYABLE _ NONE
TOTAL
$699,291.56
THIS BANK CARRIES NO INDEBTEDNESS OF OFFICERS OR STOCKHOLDERS
The officers of this bank take pardonable pride in calling attention to the within statement. The
Roll of Honor is the Congressional Medal of American Banking. The legal requirements of sur
plus is 20 per cent of capital. This bank has increased its surplus and undivided profiets to 162
per cent of capital.
According to a statement by the Comptroller of the Currency there have been 28 National
Bank failures in Nebraska since January 1, 1903,—a period of 28 years, and it is a significant
fact that in all this time there has not been a single failure of a National Bank in Nebraska where
the surplus account exceeded the capital stock. This would seem to prove a practical, reasonably
effective remedy against bank failures.
Our cash on hand is $289,977.00 above the legal requirements. Our United States Bonds s ;d..
other bonds (all of which can be converted into cash on the market any day at par or better) and
our cash on hand, make what may be termed as total cash reserve of $494,627.13, or 96 per cent of
our total deposits. It is very gratifying to know that with this condition of liquidity, this bank
could, if necessary, pay off every depositor within a week’s time without having to call a single
local loan. This iarge per cent of liquid assets, large capital, surplus and profits account, coupled
with known conservative management are guide posts that should direct any one looking for a
strong bank.
We invite your account, large or small. We are always in the market for desirable, well se
cured loans.
LOCAL NEWS.
Mrs. W. H. Page and daughter,!
Yvonne, and son, Norman, of Omaha,
were over New Year’s guests of her
parents, Mr. and Mrs. H. W. Ritts and
other O’Neill relatives.
Miss Geraldine Mather, of Plain
view, has been visiting with her grand
parents, Mr. and Mrs. Wm. Mathers,
returned to Plainview with her father,
Clyde Mather, last Sunday.
Chairman of the County Board John
Sullivan accompanied by Supervisor
L. E. Skidmore went to Lincoln Wed
nesday morning on business connected
with the affairs of the county.
Mr. and Mrs. S. D. Jones arrived at
Meek, Nebraska, on Christmas day
from San Francisco, California, and
are visiting at the home of the latter’s
parents, Mr. and Mrs. F. H. Griffith.
Janies Gibson of near Chambers
drove to Norfolk Wednesday with the
Ewing orchestra which broadcasted
over radio station WJAG Wednesday.
F. J. Dishner, secretary of the Holt
County Fair Association, expects to
go to Lincoln Sunday and will attend
the meeting of the State Fair Board
which will be in session Monday and
Tuesday.
Mrs. L. C. Chapman received word
from her brother, Wm. Simpson, of
Portland, Oregon, of the death of his
wife last week. Mr. Simpson lived
for several years on the Niobrara
north of Atkinson.
Chas. Wrede filed a camplaint in
County court on January 2nd, charg
ing Dave Huebert with assault; the
case was tried to the court a few days
ago; a fine of $10.00 and cost was as
sessed against the defendant.
Operetta
‘The Professor Gets In Dutch'
-by
By St. Mary's Glee Club
K. C. Hall, Thursday, Jan. 17
Admission, 50c.
Reserved Seats on Sale at Reardon's Drug Store,
J. R. Medlen and Glen Shively have!
sold their meat market to Claude Kim
brough, who will take possession about
February 1st. Mr. Kimbrough is a
prosperous farmer residing northwest
of O'Neill and is quite well known to
O’Neill residents. The present owner
have conducted the market for a lit
tle more than a year and have en
joyed a nice business during that time.
Mr. Medlen expects to return to the
oil fields in the south as soon as the
change is completed; he is a practical
driller and enjoys the oil game im
mensely.
Harvey Suverkrubbe was arraigned
before Judge Robert R. Dickson in
district court last Saturday, who im- j
posed a sentence of two to five years
in the state reformatory for men at
Lincoln. The charge against him was
forgery to which he plead guilty a
couple of weeks ago. Sentence has
been withheld pending a hearing in
Boyd county against Emil and John
Sividy in which case Suverkrubbe was
a material witness. Sheriff Duffy ac
companied Suverkrubbe and Roy San
ders to Lincoln Wedesday morning.
Sanders will bgin a five to fifteen year
sentence in the state penitentiary for
forgery. Both men plead guilty to
passing forged check on George Bres
sler, Arbuthnat & Reka and D. Ab—
douch early in December.
■- r
Mrs. M. A. Summers, of near Mid
dle Blanch, Nebraska, received a tele
gram from Blair, Nebraska, on New
Year’s eve announcing that her uncle.
Dr. William Poison, who resided with
her on the ranch south of O’Neill last
summer, had died very suddenly. Born
in Aberdeenshire. Scotland, Dr. Poi
son’s life was rather varied. Follow
ing graduation he made several trips
to India via the Suez canal soon
after the opening of the canal, serving
as doctor and secretary. He came to '
America, and soon after joined a party!
and went to the Black Hills wlv » th ■
gold excitement was on blit dug hi
gold from Ms hay crop, as hay w
sold at a great premium at that tirr •
He was eighty-six years of are at
the time of his death; he t
home with a sister, Mrs. Cru; hp.i
who is ninty-three venrs cjd he
A daughter, Marilyn Zoe, was born
to Mr. and Mrs. Roy Catron, of Mead
ow Grove, Nebraska, about two wkeks
i go. Mrs. Catron will be remember
ed as Margaret Allsworth.
The Business Girl’s division of the
O’Neill Woman’s Club met at the club
room for a social time Wednesday
evening. Miss Mildred Tomlinson,
Miss Lois Thrush and Miss Edna
Simonson were hostesses.
The O’Neill Fire Department held
their annual dance at the K. C. hall
last Tuesday evening. The usual good
time was enjoyed by everyone who at
tended. The firemen will use the pro
ceeds of the dance to pay their ex
penses to the Nebraska State Volun
teer Fireman’s Association which will
be held in Fremont, on January 15,
16 and 17, this year.
Considerable m i s u n d e r standing
seems to exist in regard to the time
that auto licenses shall be paid without
entailing an additional charge. No
additional charge will be made by the
county treasurer for not obtaining a
license. However, the sheriff has in
structions to see thtat all licenses are
paid by February 1st. The sheriff
may take charge of cars not carrying
a 1929 license after February 1st.
Over at Grand Island business at
the court house was suspended for a
short time on January 4th and retir
ing County Judge J. H. Mullin was
tendered a farewell reception honoring
forty years of continuous official
service. Judge Malone and Judge
Dickson still have quite a number of
years to serve before they equal that
record. The more years a judge serves
the better qualified he should be to I
pass judgment on an important mat- j
ter.
The officers of The O’Neill National
Bank, as is their custom about once a
year, are mailing to their customers
a copy of their last statement printed
on a Roll of Honor Bank statement
folder. This bank stands among the
first of the Roll of Honor Banks of the
state and a perusial of their statement
published elsewhere in this issue re
flects great credit, not only on the
managing officers, but the city and
county as well to have such a strong
financial institution within our midst.
MR. AM) MRS. NELSON F. LOY
Who, on January 1, 1929, celebrated their sixtieth wedding annivars
ary. Announcement of the event appeared in the last week’s issue of The
Frontier. Mr. and Mrs. Loy are enjoying fairly good health. They do
their own work; raise a large garden each year; Mr. Loy keeps a team and
does considerable hauling and odd jobs that partially keeps him busy during
the summer months. Mr. Loy is 80 years of age; Mrs. Loy is 78.
Mrs. Jack Lewis and son, Jackie,
of Miama, Florida, were guests of Mr.
and Mrs. Loren Simonson last Sun
day. Mrs. Lewis and son have been
visiting with her parents, Mr. and Mrs.
W. S. Goree, of Inman, over the holi
days.
Revival meeting were begun at Mid
dle Branch in the eastern part of the
county, on Wednesday of last week.
Mrs. Edson, residing near Middle
Branch, received a message last week
announcing the death of a nephew at
Lincoln, Nebraska, who died of pneu
monia.
J. B. Ryan and daughter, Loretta,
left Friday for Chicago where Miss
Loretta resumed her teaching. Mr.
Ryan went on to Cincinnati where he
spent a few days with his son, Cle
ment. He will stop at Roanoke, Illi
nois, for a short visit with his siater,
Mrs. Tim Duggan.
Hank Tomlinson, the Maytag sales
man, says that his brand of washing
machines are so popular and so much
in demand that Cecil Brown, of Ber
win, Nebraska, came clear over here
to buy one for a Christmas present
for Mrs. Brown.
A family reunion was held at the
Loren Simonson home over the holi
days. Those at home were Mr. and
R. G. Goree, Long Pine; Mrs. Lorena
McManus, Chadron, Nebraska: Max
Simonson, Norfolk; Mr. and Mrs.
Ralph McElvain and Mr. and Mrs
George McCarthy, O’Neill.
Arbuthnot & Reka have been busy
showing the new Chevrolet six during
the past ten days. The new Chevrolet
is a wonderful improvement over the
old "four" in that it has more speed
and power and has a number of ad
ditional features at practically no ad
dStional cost to the purchaser.
Announcing a
NATIONAL IlfRE STORE
for O’Neill
C<* ipat e
*u luese
Prices
npHIS is the most important srnouaeeir.ent we
have ever made.
We have been successful in bringing a National
Tire Store to town, and the big savings that this
powei ful Chain Store organization always offers on
tires and tubes will now he available io ever,, car
owner in this vicinity.
As a part of the world’s leading Chain of Tire
Stores, wc are now able to sell you standard Quality
tires at prices far below what wc have ever been
able lo before. The reason of course is because of
the immerse buying power of National Tire Stores.
This organization buys for 200 stores inolcad of
just one—carioads instead of dcccrs. NaiuiaHv the
price is less to us .and we are a’rle to make a lower
price to you.
Come in ar.d get acquainted with our National
Tire Store and the savings that we no.v have wait
ing for you on tires and tubes.
Ask about our DOUBLE GUARANTEE that in
cludes Free Tire Insm-ancc for a whole year.
STANDARD ftl UITY
lUU.'IO't
Gunranlreu 15,000 Mile*
unit Unir \ enr’.t Tire
Insurance
ALL SLUYiCK CORDS
Guaranteed “,('00 MIIoh
20 i (0
20» 75
50-: 20
Jli 25
s:ix«('o
$
.10 >:iV4 n<-».
32x1 .
30x3 U, 8. S.
30x3H Economy
Cord .—.
29x4.40 Economy
Balloon __
(3.95
$4.95
Extra Special
&&y TUBE 95c
STAND Aim OlALITT
CUH US
Cunriinlreil 15,000 Milo*
and One Year’* Tire
Insurance
30v:i •/» s---*
...... 11.05
Al.li sritt ICE HAI.I.OOXS
Ciiarnntced 8.000 Mile*
20a 1.10
:o\ i.5o
Ulx5.il
_*
6.:t.%
7.15
0.05
10.50
s
YOUR SIZE AT A CORRESPONDING PRICE
i
O’Neill Service Station
O'Neill, Nebraska