|H H . , • - ,
_ ____
VOL. LV. O’NEILL, NEBRASKA, THURSDAY, JULY 5, 1934. No. 7
S. J. Weekes Invited
To Wichita Meeting
S. J. Weekes left last evening for
Omaha where he will put in a couple of
days as a member of the loan com
mittee of the Agricultural Credit Cor
poration.
On Sunday Mr. Weeks will go to
Wichita, Kans., at the personal in
vitation of W. J. Meyer, of Washing
ton, Governor the the Farm Credit
Administration, to attend a meeting
called by Governor Meyer for July 10.
This meeting will be composed of
representatives of the various agri
cultural credit corporations, also the
presidents and secretaries of the
state-wide livestock production credit
associations in the eighth, ninth and
tenth Federal land bank districts.
These three districts take in the ter
ritory from Minnesota to the gulf of
Mexico, the bread basket of the nation.
In his letter of invitation to Mr.
Weekes, Governor Meyer says: “The
regional agricultural credit corpora
tions have performed a very useful
service and we are anxious to enlist
the continued assistance of those
whose efforts had much to do with
their success, and we hope you can
attend.’’
Mr. Weekes has been a member of
the loan committee of the Omaha as
sociation for about two years and the
invitation to attend the Wichita meet
ing is a recognition of his ability and
faithfulness as a member of that
committtee.
Jailed For Drunkness
Attempts An Escape
Buz Bowden was placed in the city
jail Wednesday night on the charge
of drunkenness. He was given several
chances to go home and go to bed
but he failed to heed the advise given
him and he landed in the hoosegow.
This morning Mayor Kersenbrock was
up at the city jail, standing near the
door and he heard Buz at work inside.
He had sawed one of the bars off and
was working on another. He denied
having anything to do with the sawing
of the bars. He was taken to the
county jail and charges will be filed
against him that will carry a severer
penalty than intoxication.
The Annual Meeting of the Old Set
tlers Picnic Association will be held
at the Meek store on Saturday even
ing, July 7, 1934, at 8:30 P. M.—
Harry Lansworth, Secretary.
Completing Check-Up
Of Wheat Compliance
Practically every county in the state
completed the work of measuring
wheat fields and contracted, acres be
fore the first of the month, a sum
mary of the compliance program made
at Lincoln indicates. In most of the
county offices, clerks are busy finish
ing up the compliance blanks and
sending them in to reviewing office at
the agricultural college in Lincoln.
The state review has already passed
a number of blanks from each of
about half the counties of the state,
and at the present time is keeping up
with the counties in preparing the
blanks to go to Washington.
Compliance blank on about 75 con
tracts have now been sent in to Lin
coln for the review there. Part of
these are already on the way to Wash
ington, but no money has been re
ceived as yet.
After the wheat supervisors and
clerks have finished the blanks, the
county allotment committee goes over
them and signs a certificate approv
ing the statements made by the farm
er and the wheat supervisor. No pay
ments will be made by the secretary
“A ROLL OF HONOR BANK”
REPORT OF THE CONDITION OF
(Dllcilt Rational IBank
AS MADE TO THE COMPTROLLER OF THE CURRENCY JUNE 30, 1934.
RESOURCES
LOANS AND DISCOUNTS...$ 83,771.44
This consists largely of local loans,
mostly farmers, a large percent of
which are secured by chattel mort
gage or other collateral.
OVERDRAFTS_ 32.53
This is money we have inadvertent
ly allowed customers to withdraw
over and above their balances. While
this item is small, it is a technical
violation of the law and reflects no
particular credit on us.
UNITED STATES BONDS_ 196,950.00
These are all interest bearing ob
ligations of the United States.
OTHER BONDS and SECURITIES 72,080.48
This consists of municipal and in
dustrial bonds; county, township
and school warrants, and stock in
Federal Reserve Bank.
BANKING HOUSE and FIXTURES 5,068.00
Consisting of bank building, vaults,
safes and fixtures of all kinds.
OTIIpR REAL ESTATE OWNED _ 1.00
This consists of a clear 640 acres of
improved farm land in Holt county
and two residence properties.
CASH AND SIGHT EXCHANGE 278,290.70
This consists of cash in vault, due
from U. S. Treasurer, Federal Re
serve bank and other banks.
OTHER ASSETS_ 2,287.47
TOTAL_$638,481.62
LIABILITIES
CAPITAL STOCK_-—$ 50,000.00
This represents the cash paid in
on the original investment by the
stock holders.
SURPLUS AND UNDIVIDED
PROFITS.. 78,459.05
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
93 per cent of all our loans and dis
counts and 156 per cent of our
capital.
CIRCULATION _ 49,640.00
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. bonds
to guarantee the redemption of
these notes.
DEPOSITS_ 460,382.57
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 deposits on which we pay 2Va per
cent interest.
REDISCOUNTS OR BILLS
PAYABLE_ NONE
TOTAL_$638,481.62
As most our our customers know this bank
has for several years adopted the policy of giv
ing in more detail and analyzing more fully
the various items that make up the bank state
ment. The American Banker, published in
New York city and the only daily banking
newspaper published in the United States has
been a pioneer in advocating this reform of
“Telling the Public More Than the Law Re
quires.’’ This paper in its issue of July 18,
1931, had this to say with reference to our
published statement of June 30, 1931. "If the
American Banker had offered a prize for the
most frank bank statement, it would have gone
apparently to the O’Neill National Bank, in
their little town of O’Neill, Nebraska.’’ Natur
ally we have taken some pardonable pride in
this distinction, coming from such an author
ative source.
The following is a further analysis of the
present statement. Our cash on hand of $278.
290.70 is $253,019.70 more than the legal re
quirements. U. S. Bonds $196,950.00. Other
■ bonds and securities amounting to $72,080.48
consisting of the following: Federal Land Bank
bonds $19,700.00; Federal Farm Corporation
bonds $2,000.00; Federal Reserve Bank stock
$3,000.00; Holt county warrants $10,251.42;
Holt county school, city and township bonds
and warrants $3,527.18; other Nebraska short
term school and municipal bonds $875.00; other
tax free bonds and warrants $5,000.00; all other
bonds and securities $27,726.88. From this it
will be seen that our cash on hand, U. S. Gov
ernment bonds (exclusive of $50,000.00 pledged
for currency circulation) und other tax free
warrants and bonds amount to $469,594.30 or
$9,211.73 more than our total deposits of $460,
—
382.57. Our deposits have increased $72,536.34
during the past year. An analysis of our
whole bond account made by Mr. C. W. Lyon,
National Bank Examiner, on his last examin
ation, April 19, 1934, showed a net depreciation
in the whole account of $6.11. In other words
the market value of all our bonds was then
$6.11 less than the amount at which we were
carrying them on our books.
In our loans and discounts of $83,771.44
there are chattel mortgages amounting to $37,
618.37 covering 3,712 cattle, 232 horses and
mules and 272 hogs, making an average of
less than $10.00 per head on the cattle and
horses.
Many important changes have been made in
our National banking laws during the past 15
months. The one that attracts the most at
tention, doubtless, is the Federal Deposit In
surance Corporation. Effective July 1, 1934,
all deposits up to $5,000.00 are insured 100
per cent. As an emergency measure this law
may have been justified. However, similar
guarantee of deposit plans have been tried in
eight states of the Union and in every case
have proven a failure. Our contention has al
ways been that the safest guarantee of deposits
is the well managed bank.
The Government is now a great competitor
with banks in the loaning of money. There are
26 government organizations engaged in lend
ing money. The ultimate helpfulness of these
agencies will depend upon the reliability and
wisdom of their management and how long the
American people will be able to supply the
great sums of money required for these ag
encies. ‘‘Time alone will tell the story.”
OFFICERS
S. J. WEKKB8 _ ...I’rmidrnt F. N. CRONIN .. .Virc PrwMmt
ED. F. Ql’INN ____ Cmhirr
THIS BANK CARRIES NO INDEBTEDNESS OF OFFICERS OR STOCKHOLDERS.
unless the county allotment committee
approves the blanks.
As soon as the secretary accepts the
compliance blanks on a contract, a
check will be drawn covering the
second installment of the 1933 pay
ment. This is to be 9 cents per bushel
on the allotment for the contract, less
the cost of opeerating the wheat as
sociation for the past year in this
county. According to the best estim
ate of the treasurer, the local ex
penses will be about two cents per
bushel and the farmers will therefore
net about nine cents per bushel in
their next check. Getting the next
check will automatically entitle the
contract signer to the first installment
of 1934 payment, which is to be made
in October, 1934. The exact amount
of this payment has not been an
nounced.
StelTan A Candidate For
Congressional Nomination
Karl StefFan, of Norfolk, has ac
cepted the petitions filed in his behalf
and will be a candidate for the re
publican nomination for congress fiont
this district. Mr. StefFan is an old
time newspaper man and for several
years has been the announcer for sta
tion WJAG at Norfolk. He has the
ability to make a splendid member of
congress, is a good mixer, with a host
of friends thruout the district and will
make an ideal candidate for the re
publicans to nominate for the coming
campaign. Here is luck to you Karl
and we hope to see you on your, way
to Washington next January to repre
sent this district in the nat ional cc n
gress.
Early Contracts Ready
To Go To Washington
About 400 early payments contracts
are ready to ship to Washington as
soon as the transmittal sheets are ac
cepted in Lincoln. It will then only
be a short time until some money will
be put in Holt county.
The regular payment contracts will
1» signed the second time between
July 6 and 14, and. will then be sent
to Washington as fast as they are ap
proved at Lincoln which will be only
a few days after they are signed.
Each signer will receive a card stat
ing when and where the sign-up day
will be held.
The O’Neill delegation that have
been fiishing at Park Rapids, Minn.,
for the past two weeks all got back
home Monday night, except Mr. and
Mrs. Arthur Ryan, who will visit rel
atives in Iowa before returning. The
party came back in relays, part of
them coming back last Friday night
and the others Sunday and. Monday
night. The party consisted of: Mr.
and Mrs. H. E. Coyne, Mr. and Mrs.
H. J. Hammond, Mr. and Mrs Ira
Moss, and Miss Mae Hammond, Rev.
B. J. Leahy, M. H. Horiskey, William
Martin and George Harrington. They
all say they had a very enjoyable time,
but that the fish were not biting like
they have been when they have been
at the same resort in former years.
Hugh Coyne and Father Leahy carried
off the honors for catching the largest
fish and some of the best fishermen
in the party did not have very good
luck. The fish are evidently observ
ing a code and the democratic mem
bers of the party seemed, to be the
most favored by the finney tribe.
The few citizens of this city, that
remained in town over the Fourth put
in a very quiet day. Not very many
people were in evidence on the streets
during the afternoon as most of them
went to other towns to celebrate the
glorious Fourth. At the Country Club
a large delegation was present and a
very enjoyable time was had.. Others
went to Atkinson, Neligh and Oakview
park and the dam north of town, and
everyone reports having had a good
time.
We are now ready to certify that
the fish stories that emanated from
the O’Neill headquarters, during their
stay in the Minnesota fishing camp,
were true. Thpu the kindness of M.
II. Horiskey the editor enjoyed a fine
fish dinner last Tuesday evening, hav
ing a part of the 19 und one-half
pound pike. It was fine and we
thoroughly enjoyed it, for which Mr.
Horiskey has our thanks. Come again
M. II.
M. F. O’Donnel and Dr. J. P. Mitch
ell, of Dullas, Texas, arrived in the
city last Mondny evening and have
been visiting relatives und friends
here and improving their golf gumc
on the links of the O’Neill Country
Club. They left for their southern
home this morning.
Hospital Notes
Mrs. Annabell Davis, of Inman,
underwent a minor operation Satur
day morning, June 30. She went
home Tuesday afternoon.
Mrs. John Medlin is doing nicely at
the present writing.
Helen Marie Regal, of Emmet, went
home Monday morning, July 2.
Carl Miller was brought to the
hospital Sunday afternoon, having
been injured while playing ball.
Eugene Sire, Jr., of Inman was op
erated on Tuesday evening, July 3,
for acute appendicitis. He is doing
nicely at the present writing.
Twenty-two Holt County
Youths To CCC Camps
Twenty-two Holt county boys are to
be picked tomorrow for replacements
in C. C. camps. They will be ex
amined. tommorw afternoon and in the
evening they will leave for Omaha,
that is those who successfully pass
the examination. The twenty-two
will be picked from the following liist:
O’Neill: Oral Reiken, Wallace
Powell, Donald Dailey, Thomas Liddy.
Alternate: Shobert Edwards.
Ewing: Lester Johnson, Glen Fors
lund, Marion Brewster.
First Supervisor District: Bernard
Hull, Francis Evans. Alternate, San
ford Gamel.
Second Supervisor District: Milo
Jones, Benny Krunig. Alternate, Clif
ton Kurtz.
Atkinson: Walter Roberts, Bruce
Fleming, Charles Ames, Robert Mann
ing.
Stuart: Orman Delosh, Thurston
Marston, Roy l’arshall. Alternate,
Lewis Tasler.
Chambers: Pete Paxson, Bernard
Cavanaugh, Donald Kifer. Alternate.
LeRoy Lewis,
Those on the list as alternates will
not go unless some of those who have
been seleected fail to appear, or fail
to pass the physical examination.
Expect North Nebraska
To Support Griswold
Dwight Griswold, of Gordon, editor
and former President of the Nebraska
Press Association, is receiving strong
support from the people of northern
Nebraska. This is due to the fact that
he made such a strong campaign and
good impression when he ran two
years ago, and due also to the fact
that during 22 of the last 24 years, the
Governor of this state has come from
the extreme southeastern corner of
the state—from the congressional dis
trict in which Lincoln is located.
Northern Nebraska people feel that
it would be no more than fair to elect
a man from this part of the state, and
Dwight Griswold uppears to be the
man they are getting behind. He is
expected to get a fine majority from
the Republicans of this community.
Mr. and Mrs. H. W. Tomlinson re
turned Sunday evening from a two
weeks visit at the home of his sister,
Mrs. A. J. Connery, at Toronto, Kans.,
and with relatives and friends in Om
aha and the eastern part of the state.
Hank says that this country is a
garden spot compared to some sec
tions of the country that he passed
thru on his way down there and on
his return, lie says that the southern
part of Nebraska, from Spalding
south is in very bad shape and that
the drouth extends south into Kansas
as far as Concordia, from there south
the crops look pretty good. On their
return home they spent a day visit
ing with Mr. and Mrs. W. C. Temple
ton at Superior, and he says it is very
dry in that part of the state.
Tuesday’s daily papers contained
the announcement that Donald Gal
lagher, son of Mrs. E. F. Gallagher,
of this city, would file for the repub
lican nomination for attorney general.
Donald served the people of this
county one term in the house of repre
senatives and made a good record in
that body and he will be heartily sup
ported in this county by his many
old friends and neighbors.
Miss Mary Cullen, who has been
visiting here for the past three months,
expects to leave the latter part, of
the week for her old home in New
Jersey, where she expects to make her
future home. Miss Cullen made many
friends during her residence here who
will regret to see her leave O'Neill, but
wish her all the best things there are
in life in her eastern home.
John Robertson, living in the north
western part of the county, was trans
acting business in the city today. He
said they had a nice rain in his section
of the county this morning and that
it extended clear to Stuart,
I
Simmons Asks Consider
ation For Agriculture
By Federal Government
Consideration for agriculture and
the American middle class by the
Federal government was urged by
Robert G. Simmons, candidate for the
Republican nomination for United
States Senator, in an address before
the Lancaster county Simmons for
Senator club at Lincoln.
Charging that recent tariff legis
lation had surrendered the tariff mak
ing powers of Congress to the Presi
dent, Simmons showed the danger to
agriculture in this method. “Bearing
in mind that the democratic admin
istration had openly promised there
would be no reduction of tariff rates
on agricultural commodities, an at
tempt to prohibit the President from
making agreements to reduce these
tariffs was bitterly resented by ad
ministration senators, who frankly
said that it was contemplated that
rates would be reduced on agricultur
al commodities.
“That would mean,” continued Sim
mons, “that the products of foreign
labor and foreign farms are to be
brought into the United States to
compete with the products of Ameri
can labor and American farms. Where
we are not now able to consume that
which we are producing, this would
mean that American agricultural com
modities and the products of Amer
ican labor would go unsought in the
markets of this country.”
Condemnation was expressed of Sec
retary Wallace’s idea that industries
which cannot compete with cheap for
eign labor are inefficient and should
be eliminated. Secretary Wallace
estimates five million people are en
gaged in such industries, Simmons
bringing up the question of what would
became of these people, a population
four times greater than that of Ne
braska, if they were forced to quit
what they are doing now.
The great middle class—the pro
ducers—are those who have been put
“on the spot” by governmental ag
encies set up in the past year, Sim
mons claimed, since they must bear
the cost in taxes. He described the
great army of governmental agents
that has been built up, with the tax
payer footing the bill for them.
“If you would ask what I propose
that the government should first do
different than that which is being
done, my reply is that we should take
the tax-eaters off the backs of the
producing class in this country,” de
clared Simmons. “My program con
templates the removal of the burden
that the farmers, the laborers and the
little business men are now being
compelled to carry in taxes and code
assessments. When that happy day
comes again in America, money which
now goes for taxes will be released
to buy farm products, employ labor,
and develop industry."
4-H Demonstration Day
Word has been received, by County
Agent Reece that 4-H Demonstration
Day in Holt county will be Thursday,
August 9, 1934, when Mr. Tolman
and Miss Wilkins will be here. Full
partculars will be mailed to each club
later.
Paul Engler, of Bassett, one of the
democratic candidates for the nomin
ation for state senator from this dis
trict, was in the city Tuesday, pas
sing around campaign cards. The
cards that Mr. Engler was circulating
were not printed in his district, but in
one of the big city shops, although
there are many offices in his senatorial
district a» well equipped to print them.
He evidently does not believe in pat
ronizing home industry, but expects to
get votes in this territory. He will
probably be disappointed.
Every county in this senatorial dis
trict now has a candidate for state
senator on the democratic ticket, ex
cept Keya Paha, and they still have
time to get under the wire. Sitting
on the side lines and watching the
procession it seems to us as if the
combination was going to eliminate
Chris Anderson at the primaries.
TO WATERS USERS
Owing to the breaking of the
big engine in the pump house
it in necessary to pump water
with the small engine and water
users are requested to use as
little water as possible during
the next three or four days, un
til repairs can be procured.
WATER COMMISSIONER.
—
