MsrTnsctitti-'j
1ID CLOUD, JOIBRASKA, OHEB?
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THE RED CLOUD CHIEF
Red Cloud, Nebraska.
"published EVERV THURSDAY
Entered In tho rostofllco nt lied C loud, Nob
as Hccond ClaRfi Mrittor'
A. D. MoAlVrnUltKimor tiiul Ownor
15,000 JOIN THE FARM BUREAU
Approximately 15,000 farmers join
ed tho Nebraska Farm Burcnu Fed
eration in the seventeen counties can-
a county, or nbout 70,000 for the en
tire state when tho membership can
vnss is complete. Tho counties so far
covered now have tho following mem
berships: Buffalo, 1,337; Hamilton,
1,189; Dawson, 1,1129; Seward, 1,007;
Richardson, 998; Cass, 835; Folic,
820; Clay, 801; Lancaster, 705; Fill
more, 74G; Red Willow, 710; Thurs
ton, G53, Hall, 010; Madison, 515;
Dakota, 495; Frontier (incomplete,)
MU.U.
Miss Minnie Christian has been
vnsscd up to December 18. This is nn ' ciectcd principal of tho Guide Rock
average of 852 to the county. As, choog for xQ balnncc of tho tcrm
many of these counties nro sending
In additional members, it is probable owing to the resignation of the for-
that the average will be about 1,000 ( mcr principal.
STATE BANKS NUMBER 1,009
JV.
l Let Us Figure With You jj
i: on Your Lumber and ji
Building Material ;
i
I Malone Gellatly Co.
WVVV-V-V-V-VVV.VV.V.V-VV.V.VAVAVAVV,VWVVn
"
npniM
Judgo Oury, gonernlly rceoKnlzcd ns Amcrloii's Coremostbuslnosa
mnn Is nuthortty lor tho statement that, while the United States
has but six por cent of tho world' population nod hut seven porcont
of the world's hind, wo produce
20 por cent of tho world's supply of irolil
25 per cent of tho world's supply of wlie.it "
10 pur cunt of tho world s supply of.lron oro and steel
40 por omit of tho woild's supply of lend
SO per cent of tho world's supply of .Ino .
53 por con't of the world'n suppljvof eonl
CO per cent of the world's supply of aluminum
00 per cent of tho world's supply of copper
00 pJr cent of the world's supply of cotton
06 per cent of the world's supply of oil
75 por cent of tho world's supply of corn
85 por cent of the world's supply of Automobiles
While It is true that present conditions aro bad and probably will
bo for a few months longer, in tho face of such n showing, cat) Am.
erica's future prosperity be doubted.
Respectfully submitted,
platta rmmmm
nn
0
CREAM
R
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M
Bring us your cream all of it all the time
Every advantage is in your favor if you do
Ask your neighbor "who is one of our patrons
Ho will tell you that it is decidedly to your
advantage to let The Farmers Union buy it.
CREAM!
'Here are
some of the
reasons
why you
should do so
It is a home institution financed and manag
ed by a board of directors composed of your
farmer neighbors. You are assured of only
HONEST TESTS and CORRECT TESTS.
Also you not'only receive the HIGHEST
MARKET PRICE for your cream but you
also receive your pro rate dividends on the
profits derived if you arc a momber and
if you are not don't delay join at once.
The Farmers Union Co-operative Assn.
wssssviirzwvfrn i "tcwksj,
Kansumiaii,
THE GREAT ANNUAL
Yen
ii2
Cambridge, Nebraska
Tuesday - Wednesday
J JTUlo
II
1 7
Vhen Mousel Bros, and E. C. Rodw.cH hold their Anxiety
4th sales. Conditions at this time do not justify it, but
thoy are consigning to these sales a rich collection of herd
bull prospects and females of highest quality. There
never was a more favorable time than now to buy Here
fords of real merit, and the timo will not come again for
some time, A few good ranch and farm bulls will bo in
cluded in the second day sale. Mark your calendar with
a view to mingling with the banner bunch of breeders of
the year.
J. M. Hollingsworth
The humher of stntc hanks now in
opctution in Nchrnska is 1,009, a net
gain of ten for the year 1920. On
11... D...I. -f 11. ..,. t.r.i.n 1imn OOO
lliu Hint ui mis jtiii unit v """
being conducted. During the lasti
twolve months charters were granted
to sixteen now hanks, of which
twelve have opened for business. Five
banks have failed, und were taken
over by the state department. These
aro now being run thru the lcccivcr-
Rliiti nrnnoea.
Thc five failed banks were locutcfl
at Tnge, Aurora, Valparaiso) Vcrdon
nndCcrcsco. In tho Aurora, Val
paraiso and Cercsco bank failures,
prosecutions have boon instituted
against ofliccrs of tho bank, whoso
illegal conduct is alleged to have
been responsible. Cashier Lower at
Valparaiso was convicted in district
court, and his nppeaf is to he heard
shortly in supremo court. Cashier
Malxner of Ccresca pleaded guilty and
is now in the penitentiary. Tho other
case in pending in district court,
where is also a left-over prosecution
ugainst officers of n bank at Halscy.
One bank was consolidated with an
other state bank in tho snmo place,
and six others consolidated with oth
er hanks in the same town. The bank
at Harrlsburg was liquidated, being
purchased by the Scottsbluff National.
Dcposists of state banks dccrcasc'd
$15,000,000 during tho year from
$270,000,000 to $255,000,0,00, while
loans dropped $1,000,000 from $219,"
000,000 to $218,000,000. Tho drop in
deposits has been most marked In
the last five months. In August
thoy wore $281,000,000, but decreased
9 per cent between that and Novem
ber 13, when tho last call was made.
The decrease for tho year was 0 per
cent. This is offset in part by tho
fact thnt the hanks increased their
rediscounts and bills payable $ 1,508,
000, indicating tho efforts made to
meet local demands by use of their
borrowing power from correspond
ents and the federal reserve. This
item wns 50 per cent larger than tho
lust report showed and is the largest
in the history of the banking busi
ness. A year ago this item was $8,
532,000. Now it is $14,143,000. Cash
on hand docs not differ materially,
but the item of money due from cor
respondent banks has decreased from
$40,000,000 to $29,000,000, indicating
the heavy pull made on them to meet
local obligations.
The credit stringency and the froz
en credits in the country banks have
pulled the reserve down to almost tho
legal point, 15 per cent. The aver
age reserve is 16 per cent. This
means that a number of banks that
were hardest put to take .care of lo
cal people have gone below the re
serve. "The department has kept in
close tab on this situation, and is con
stantly bringing pressure to bear to
remedy the situation, nltho it has had
had to close its eyes temporarily now
and then to the actual condition.
Cash resources of the state banks a
year ago were 331 millions. This
figure haB been pulled down to 317
millions, which is not large when fig
ured on a percentage bais. The num1
her of depositors in state banks at
the present time is 590,035, of which
23,583 are in the savings banks. Tho
banks have a combined capital stock
of tho nineteen savings banks, Tho
surplus fumfis over eight millions, of
which $107,200 belongs to the sav
ings institutions. The individual de
posits in savings banks total a little
over five millions. Their loans reach
cloi,c to four millions, and thoy have
a million and a quarter in securities
and 7G3 thousand in correspondent
banks. One matter of note is that
there is almost exactly as much
money in the btatc banks on certifi
cates of deposits as a year ago, 133
millions. The decrease it. all in check
ing account.?. Undivided profits are
listed now at -$11,793,000, while a
year ago they were $10,r88,000.
The country banks being close to
tho guns and having the farmer to
finance pvimauly have been having
a laiU'i- unhuppy time of it in recent
months, but where tfood banking
judgment and policy have been em
ployed they have weathered the
trouble in good shape. Sonic of
them are now buying outside paper,
a souico of icenue that wa goner-
ally resorted to in tho days whon de
podit were so largo that they tin cat
ened to hurst tho vault doors. This
paper is largely imtdo up of bhort
time notes of big national corpora
tions, the packers among thorn, as
well aH of tho more atablo stale bus"
Hess establishments.
Tho tightened condition of affairs
has practically ended the business of
buying and selling of banks. In 11A9
a considorablo number of thorn
changed hands. Tho past year there
wore very few. Tho stato depart
niunt has undertaken to bar promot
ers out of tho field, and has made
eonsideiablo headway. In several in
stances tho department forced tho re
salo of institutions in order to head
off undesirables. This policy closed
one outlet for bank sales, while the
general conditions made banks unat-
WTr
jrictures
Vaudeville
w
D
ORPHEUM
n t
!4 Theater m
11
D Red Cloud ILL
m m
Tonight
Friday
D
Saturday
A UNIVERSAL SPECIAL
Under Northern Lights
Also Century Comedy 'THE SHOTGUN WEDDING1
ANNE CORNWELL in
lhe bin in
Also 7th Episode 'THE PHANTOM FOE'
the
Rain
lUI
Sunday
Monday
Tiesday
Wednesday
ONE OF CHAS. RAY'S BEST
The Egg Crate Wallop
Also 2-Reel Big V Comedy, 'Dames and Dentists'
EDITH ROBERTS in
WHITE YOUTH
A Story o the SoutK
EDDID LYONS and LEE MORAN in 5 Reel
SPECIAL. COMEDY
FIXED BY GEORGE
0
FRANK
MAYO in
HITCHIN' POSTS
SNUB POLLARD COMEDY
BRYANT WASHBURN in
Why Smith Left Home
Cut this program out, keep it, so you won't forget the dates
tractive as nn investment at tho pres
ent time. State Journal.
MRS. ANDREW CAMPBELL
ANSWERS SUMMONS TODAY
Mrs. Andrew Campbell, aged wife
of one of our most highly respected
pioneer citizens, passed away at her
home in the First Ward, this morning.
Besides her husband, who for some
time past has been very poorly, the
Uady leaves several children to mourn
.their loss.
Wc are unablo to obtain an obitu
ary for this issue, but hope to havo
such for our Friday paper.
Funeral services will bo conducted
from her late homo on Friday after
noon and interment will be made in
the city cemetery Commercial Ad-
moshjov
December Weather Report
Temperature: Menu 29 (leg., maxi
mum r0 dcg. on 10th, minimum 14 be
low zero on tho "4th.
Precipitation: Total 0 4'2 inches.
Totnl snowfall 3 inches.
Number of days Clear 14, partly
cloudy 7, cloudy 10.
Prevailing wind Direction N W 17
days.
Rainfall since Jan. 1. 20 49 inches.
Chas. S. Ludlow, Observer.
Notice of Final Report
In tho Comity Court of Webster county,
Nebraska.
In tlio mutter nl the estate of Henry I
IlnrtclH, deceased.
All persons Interested In mld cufatc, aro
hereby notified thnt the Kxecutrlx, Anna
HartelH, has llled heroin n final nccount and
report oilier administration, and n petition
lor tho ilnnl settlement ol finch account
nnd ropou. and lor a decree of distribution
of the roslduo of mid estate, and for tho no
slcnmontof tho renlcMnto belonging thereto,
nnd twlUchnrgo Iromhrr trust, all of which
said iniittcrblitivohef.il hot forbearing before
wild com I onthoTtudnj of January, 11)21, nt
the hour of to o'clock. A. M . when nil pei
HotiHlntureMcd tuny appeal and eontebt the
BfWIU'.
Dated thtaWth day of Docemboi, 10JO.
hbw A. I). ItANNHY,
A into copy. v County Judge.
Notice of -Administration
lit tho County Court ol Wclwtor Uounty
Nobriuka
In the matter ol tho otHnto ol Leonard !
Thompklns deeenscd.
To AH 1'orHons Intortmtd In Said Katato
Nottco lb heroby given thnt Rlln M. Tontp
UlitR ha i tUW day mod ti volition In the coun.
ty court, prnyliiK thnt ndnilnlMrntlon ol s.ild
estate may bo Brnnted to bcrfcolf ns tultnlnls
trntrlN, and that said petition win bo heard
boloro the court on tho 1 1th day of January,
10il,nt Ihohourof lOo'clock, A. M at tho
county court room In tho city of Hod Cloud,
in said county, whon all persons interested In
said matter may appear nnd show cnuso why
tho prayer of potltlonur should not bo nrnnt
cdj and thnt notlcool tho mints oljwld voli
tion, ntidttho hearing thereof, bo given by
publUhlnuncopy ol this order in tho Hod
Cloud Chief, a lenl weekly newspaper print
ed nnd ol gcnornl circulation In said county'
lor threo consecutive weeks prior to said day
of heat Inn.
Dated this iiiX doy ol iJecombor 11)20,
A truo copy.
(Soil A. 1). Hnniioy, County Judge.
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The New January
I VICTOR I.
I IP lllllll
Records
I 'Are Here ;
If '
It Come in and Hear Them IS
" I ' We will be pleased to
Mi I
ll'llll 1 11 llliil
have you call
I, Jill r.JltUtS?tMMtMJl i II
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1 mjo m mm i
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Mr. and Mrs.
ED. AMAC
K
UNDERTAKING
BOTH PHONES
RED CLOUD, NEB
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The Chief is the Home of Quality Job Printing.
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