Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About The Conservative (Nebraska City, Neb.) 1898-1902 | View Entire Issue (April 4, 1901)
REPORT OF THE CONDITION OF THE
NEBRASKA CITY , NEB , ,
nt the close of business , December 18,1000.
Loans and discounts $251,217.09
U.S. Bonds 113,000.00
Other securities 19,091.08
Bank and other real estate 12,770.82
Cash , and duo from banks and Treas. ,
U. S 140,099.00
Total $5 ,085.18
Capital - . $100,000.00
Surplus and profit 15,881.53
W. L. WILSON , Prost. R. LOIITON , Vice-Prest.
H. D. WH.SON , Cashier.
BOUT. PAYNE. DAVID BROWN.
QUALITY , WORKMANSHIP AND FINISH
THE LEADING CARRIAGE
AND HARNESS BUILDERS
G. P. KIMBALL & GO.
315 , 316 , 317 MICHIGAN AVE. ,
CHICAGO , ILL.
FOR OUT OF TOWN PATRONS , A HANDSOME
CATALOGUE CONTAINING OVER ONE HUNDRED
BEAUTIFUL HALF-TONE ILLUSTRATIONS OF CAR
RIAGES , HARNESS , COACHMEN'S LIVERY , SAD
DLES , ETC , FURNISHED UPON REQUEST.
WANTED Subscription so
licitors in every part of the
country. Liberal Commis
sion. Address ,
THE CONSERVATIVE ,
Nebraska City , Neb.
Parties writing to advertisers
will please mention The Conservative.
NATIONAL BISCUIT COMPANY.
General Offices , 205 La Salle St.
CHICAGO , Fob. 21,1901.
To Employees of National Biscuit Go. :
The Directors of the Company , desir
ing to supplement the interest in its
welfare already shown by its employees ,
have authorized the following offer to
assist employees in investing their sav
ings in the Company's Preferred Stock.
Any employee who wishes to buy one
share of Preferred Stock , to be paid for
in installments , at price winch will bo
quoted about twice each month , can
make application to do so to the manager
of the plant with which the employee is
connected , on blank provided for this
purpose , which can bo had from the
manager. The first partial payment
toward the stock must accompany the
application , partial payments to bo in
amounts of five ( $5.00) ) dollars or multiple
thereof. The manager to whom partial
payments are made will receipt for each
payment to the employee. An account
will be opened with the employee on the
books of the Company at its General
Offices in Chicago , and all partial pay
ments made against the purchase of the
share of stock ref erred to will be credited
to this account. Interest will bo allowed
to the employee by the Company on
each partial payment at rate of 4 per
cent per annum , dating from the first of
the month after it is made. As soon as
the employee shall make full payment
for the share of stock , it will be trans
ferred in the name of the employee on
the books of the Company and the stock
certificate delivered to him or her , with
out any additional expense , after which
any dividends declared on such stock
will be paid to the employee , who then
has a vote at the meetings of stock
holders of the Company. Any dividends
which shall have accrued on the share
of stock between the time it lias been
bought by the Company and the date on
which it is transferred to the employee ,
will bo given to the employee when he
or she makes full payment for it , less
interest at the rate of 4 per cent per
annum on the amount the Company has
paid for the share , this interest to be
computed from the date of application
from the employee for the acquifement
of the share to the time when it has
been transferred to him or her. It is
understood that the employee does not
become the owner of the share of stock
purchased until it is paid for in full.
Should the employee allow six con
secutive mouths to lapse without making
any partial payment , interest will cease
to accrue , and the sum to the credit of
the account will bo returned to him or
her upon application therefor. Should
full payment for the share of stock in
question not be made by the employee
within two years after the application is
received , the Company reserves the right
to cancel the arrangement by returning
to the employee the amount he or she
has already paid in , with accrued
interest. Employees making payments
on the foregoing plan and for any reason
desiring to discontinue them may have
their money returned , with accrued
interest , by making application to the
manager by whom , they are employed.
In case an employee leaves the employ
of the Company for any cause , he or she
must then pay up in full for the share
which has been subscribed for and re
ceive a certificate therefor , or take the
money standing to his or her account ,
with accrued interest.
The foregoing docs not preclude the
purchase of stock for cash by employees
through the General Offices at Chicago.
An employee who has not already an
outstanding application for a share of
stock on the installment plan which is
not fully paid for , can at any time make
application for one or more shares of
stock , not to exceed five , for cash. The
price of the stock will be furnished by
mail or wire upon application from the
local manager , so the exact payment can
accompany the application. The Com
pany will pay all expenses connected
with cash purchases of stock of this
nature for employees up to five shares ,
but reserves the right to discontinue this
part of the arrangement at any time.
The managers of our various plants
and selling agencies will furnish detailed
information in regard to the foregoing
plan or answer any questions concerning
it when they are asked to do so. Of the
Preferred Stock of the Company there
is now $23,825,100.00 outstanding ,
owned by 2,492 persons , more than 1,000
of whom arc women. March 19 , 1901 ,
about 8,500 persons are now holders of
Preferred Stock. This stock has paid
for the past three years , and is now pay
ing , dividends at the rate of 7 per cent
per annum , or 1 % per cent eveiy three
months. The market value at the
present time is about $92.50 per share.
The officers , directors , managers and ex-
managers of the plants , and their
families , own over $10,000,000.00 of this
stock. It is the earnest desire of the
officers and directors of the Company to
have every employee associated with
them in the ownership of the business ,
that there may be a community of
interest existing between all persons
connected with the active work of the
Company , from the Chairman of its
Board of Directors to the youngest man
or woman on its pay-rolls.
Yours very truly ,
A. W. GREEN ,
Chairman , Board of Directors.
CHICAGO , Fob. 25,1901.
To Managers of National Biscuit Corn-
pauys Plants :
At the annual meeting of our Board
of Directors , held in New York City a
short time ago , a plan was presented to
enable our employees to become Stock
holders in the Company on terms exceed
ingly favorable to themselves. Our
Powered by Open ONI