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About The frontier. (O'Neill City, Holt County, Neb.) 1880-1965 | View Entire Issue (Jan. 9, 1930)
The Frontier. VOLUME L. _O'NEILL, NEBRASK|, THURSDAY. JANUARY 9,1930,_ No. 33. Roll of Honor Bank REPORT OF THE CONDITION OF The O’Neill National Bank AS MADE TO THE COMPTROLLER OF THE CURRENCY DECEMBER 81, 1929. RESOURCES LOANS. AND DISCOUNTS $180,782.04 This consists of notes given by our customers—mostly farmers—a very large percent of which is secured by chattel mortgage or other collateral. OVERDRAFTS 248.64 This represents money due us from depositors who have checked out more than they have on deposit. This item, while small, reflects no credit on us as it is illegal for bank officials to permit ANYONE to overdraw their account, but such items inadvertantly creep in occa sionally. UNITED STATES BONDS - . 104,250.00 These are gold obligations of the U. S. Valued by National Bank Exam iner on Sept. 21, 1929, (last exam ination) at $1,175.05 more than we are carrying them on our books. OTHER BONDS and SECURITIES 90,545.19 This consists of municipal and in dustrial bonds; county, township and school warrants. Valued by Na tional Bank Examiner on Sept. 21, 1929, at $666.53 less 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. CASH AND SIGHT EXCHANGE 316,735.88 This consists of cash in vault, and due from other banks. Note that this is over 60% of our total deposits. - TOTAL $703,629.75 LIABILITIES CAPITAL STOCK $ 60,000.00 This represents the cash paid in on the original investment by the stock holders. %' SURPLUS AND UNDIVIDED PROFITS 82,386.12 This is a part of the earnings of the bank that have been set aside from time to time to cover possible losses and for the further protec tion of our depositors. This fund is 46 per cent of all our loans and dis counts and 164 per cent of our capital. CIRCULATION 50,000.00 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 — 521,244.63 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 $703,629.76 THIS BANK CARRIES NO INDEBTEDNESS OF OFFICERS OR STOCKHOLDERS. The position of this bank among the “Roll of Honor Banks” is a distinction but few banks in Nebraska now occupy. For more than 28 years there has not been a single failure of a National Bank in Nebraska where the surplus account exceeded the capital stock. The surplus and undivided profits account of this bank is more than seven and one-half times the legal requirements. Our cash on hand is $290,305.00 more than the law requires, which, coupled with U. S. Bonds of $104,250 and other bonds and securities of $90,545.00 (which can be converted in to cash on the market any day) make what may bo properly termed a total (ASH RESERVE of $511,531.07, or more than 98 per cent of our total deposits. A bank, like any other business, must make money if it long survives. In general, a bank prospers as its customers prosper and makes money W ITH its customers instead of Ol 1 of them. For the past 22 years this bank has paid a dividend regularly each year wdth but one exception and in addition thereto has accumulated, out of the earnings, a surplus and undivided profits of over $82,000.00. S. J. WEEKES - President H. P. DOWLING First Vice-President DR. J. I*. GILLIGAN Second Vice-President c p HANCOCK Cashier ED. F. QUINN Assistant Cashier F. N. CRONIN Assistant Cashier LOCAL NEWS. Mrs. Will Brady, of Calgary, Can ada, aVrived Wednesday evening to visit her mother, Mrs. J. M. Hunter and other relatives. Mr. and Mrs. Joe Smith and child ren were visiting relatives in Atkin son Sunday. Floyd Adams and Miss Vida Ott of Opportunity, were married January 7th, at the M. E. parsonage by Rev. O. A. Fortune. See this one-it’s a wow! -“Her ^^eee Good-for-Nothing Husband” A Comedy-Drama in 3 Acts By the Chick Boyes Players At the K. C. Opera House Wed. Nite, January 22 Wait For Chick Mark the Chick Boyes dates on your Calendar I I.. I. Mrs. W. J. McDonough entertained '■he Nu rn '!ub and several invited guests at her home last Friday after noon. The high score prize was awarded Mrs. Salmons, and Mrs. R. N. Brittell second. Michael Hull, of Redbird, fell and broke his left arm while skating, on Christmas day. He is recovering from the injury as well as could be expect ed but he has decided that he will not try skating again this year. Mr. and Mrs. M. F. Harrington and son George were called to Hot Springs, South Dakota last Saturday night by the serious illness of their daughter and sister, Mrs. Constance Wattles. Mrs. Wattles submitted to an operation Saturday forenoon; her condition became grave during the early afternoon at which time her parents were called; her condition was somewhat improved by the fol lowing morning and she is now get ting along nicely. Mr. Harrington and George came home Wednesday; Mrs. Harrington remained with her daughter. The O’Neill National Bank is mail ing to its customers a copy of the bank statement of December 31st, a copy of which statement is printed in this issue. The statement is printed on a beautiful “Roll of Honor Bank’’ folder and reflects much credit on the managing officers of that institu tion. The statement shows a cash re serve of over $500,000.00, or more than 98 percent of its total deposits. It is doubtful if there is a bank in Nebraska that can make a better showing. Wayne Werner was taken into cus tody by the sheriff last week on a mittimus issued out of the District Court. It seems that Werner pleaded guilty to having in his possession a still, and way sentenced to jail for 30 days and to pay a fine of $50.00. He paid the fine, and on his application, the time for serving the jail sentence was fixed to begin December 1st. Werner failed to appear and Judge Dickson’s attention having been call ed to this failure to appear, a mit timus was issued and the sheriff placed him in custody, and he is now serving his jail sentence of thirty ; days. DOC MATTHEWS RELATES EXPERIENCES OF THE FAMOUS BLIZZARD OF 1888 “Memory Lane.” Yea, indeed, it is down memory lane that 1 wander many times these days of my old age —gosh, I hate to use that word "old’’ but when one has passed three score and fourteen years it just has to be used to properly express the deplor- | able situation as to existence on this j mundane sphere, eh, what? And what and many are the things that bob up in one’s thoughts in these trips along I that lane of memory? Just now I am thinking of O'Neill as it was when 1 first saw it in July,, 1880, and of the inhabitants who called it O’Neill City. I came in from the north astride a big and bony horse, having filed on a pre-emption on Brush Creek, select ed by Bennett Gillespie as a good place to plant the young man from Wisconsin who had come up from Niobrara on a prospecting trip. City? Ah, me. There were about a dozen frame houses all told. (By the way, I had that word "city" eliminated when 1 became Postmaster later on, and al so had induced the F. E. & M. V. rail way company to use O’Neill only.) Of the people, these names come to me: Patrick Hagerty, Sanford Park er, Mike Sullivan, Mike Long, Charlie Millard, John Purcell, Tom Hynes, Mike Tierney, Doc Daggett, Gillie Daggett, Neill Brennan, John McCaf ferty, H. M. Uttley, Gilbert Cleve land, Barney Kearns, Jim Riggs, Ed Evans, Dave Wisegarver, Charlie and Hugh O’Neill, Tom Smith, Pat Fahy, Frank Toohill, Father Smith, Jim Coughlin, John P. O’Donnell, John McCann, Dan O’Sullivan, and of course others, not many though. And nearly all of these have passed to the Great Beyond. And adjoining town, all the land had been filed on and oc cupied. I recall Cronin, Cavanangh, McCoy, Sparks, McEvony, Mitchele, Wolf Sanfords and Winn. Then the town began to boom. The railroad, then resting at Oakdale, was slowly being extended up the Elkhorn val ley, and soon Mike Long was busy se curing the right-of-way through Holt county, working under that fine claim agent, Sam Thatch. The road was completed to O’Neill in the early fall of 1881, and I was made Postmaster in January, 1882. I had established ! the now as then enterprising Frontier j and was getting out special “God’s 1 | Country” editions, which were gener ! ously circulated in other states by the people and also by the railroad com i pany, at the instance of dear old Bu chanan, the general passenger agent. I recall that the total population of Holt county and the great unorgan j ized territory was then only 3,120 I white people. The new settlers came in very rapidly, and I am glad I had such an opportunity to help. But that is all ancient history, and perhaps all this is of no account at this date, so will ring off along that line. What I was going to wTrite about is the great blizzard of January 12, 1888. Do I remember it? Yes siree bob, and then some. That was forty two years ago, but my personal ex periences of that day and night are most graphically imprinted on my mind. And 1 am sure the kid who was with me and played a leading part will corroborate all I say, and I do not believe I could exaggerate if I tried. Surely no one who has not sim Br ing Your Old Harness to Us Have It Dipped in Genuine Neatslene Harness Oil and Repaired with Red Oak Tanned Leather Right now is the time to have your Harness put in first class condition for next season’s work. A little later the rush will be here. If you delay till then you may have to wait for your work, taking your turn with all the rest. But right now we can give you prompt service. Rats will absolutely refuse to gnaw leather dipped in NEATS LENE once a year. If any mice or rats damage such a set of harness we will repair it FREE of charge. Harness dipped in NEATS LENE Harness Oil will not rub off on your clothes, gloves or hands. We use a special leath er coloring that is guaranteed not to rub off. Don’t let your harness become dry and brittle so it soaks up wat er, manure acids, sweat and other destructive matter. Bring it to us and let us dip it in genuine Neatsl ene Oil, in our modern oiling vat. Your harness will not only look better—but it will last much longer. Good harness costs money but if you take care of it you will find that it lasts you for years. Let us help you get full value out of every set of harness you own. During January and February the price will he $1.00 per set and after March 1st the price will be $1.25 per set. Brins Your Harness In Before It’s Too Late! T. M. HARRINGTON O’Neill, Nebraska i i ilar experience can fully appreciate it 1 all. This young man is now a grand dad, but I will bet he has not forgot ten. I am glad he is still living and is so happily and successfully situated. Clyde King had been working for me in the printing office and when 1 ask ed him to make a trip with me down to south-country he gladly consented. I wanted to see Ed Small, who lived about a dozen miles south, and with Tom Morris was running a little store : at what they called Shamrock. We left O’Neill about ten on the morning of the 11th. We had a good team hitched to a sleigh. The weather was not at all bad—misty and drizzly— with quite a little rain and wind from the south, and as we had to face it, was quite disagreeable. However, we were both well clothed, and I recall that 1 had so much clothing on that I was compelled to take off the big buffalo overcoat. My wife had insist ed that I wear an extra flannel under shirt and the heaviest suit I had, and then on top of the regular overcoat this buffalo coat—borrowed of John Mann. 1 wore felt boots, woolen socks and overshoes. My headpiece was a big sealskin cap, with wool mitts and fur gloves for the hunds. I am sure Clyde was about as well togged. We reached Small’s ranch before dark. With plenty to eat and a warm place to sleep we were in fine shape for the return trip the next morning. Small and I had made the deal contemplat ed, by which he would take my home place and I was going to move to Omaha—all of which worked, out The storm had gone—the weather was simply grand—just a nice, sun shiny day—and we started for town in high spirits—over splendid roads. It was about 11 o’clock when we pull ed out. We hud gotten a half dozen miles possibly, had just met and passed the time of day with the mail carrier enroute to Chambers when the atmospheric conditions suddenly changed. (This mail carrier got lost, abandoned his team, stumbled on the roof of a stable, broke through, and when found next day with the ani mals, both legs were frozen, necessi tating amputation. Think he was (Continued on page 7) The Chapman Style Shop Announces ii * i The Waited For January Clearance Sale! | An Event You Should Not Miss! I Art Goods y Positively closing out i 5 all stamped and finish 1 ed Art Linens. Our pri J ces cannot be equalled. j Millinery A Wide variety of { styles in Velvets, Sat ins, Felts and Metal 's ics at drastic reduc { tion in prices. i.———————————————————— ; Infants Wear { Baby Caps & Bonnets $1 ! Booties . . . 25c to 50c * » i Knit Jackets . . . $1.00 COATS Fur-Trimmed Broadcloths, i n Black, Brown and Tan. $59.00 Coats reduced to $39.50 $31.50 Coats reduced to.$16.75 $19.50 Coats reduced to.$10.75 -— — DRESSES Crepes, Satins, Georgettes and Woolens $10.75 Dresses reduced to $7.00 $19.75 Dresses reduced to $11.00