Omaha daily bee. (Omaha [Neb.]) 187?-1922, December 06, 1907, Page 5, Image 5

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    rnTVOMATIA DAILY BEE: FRIDAY, DECEMBEU 6, 1P07. .
s
CRISIS WILL BRING RELIEF
"
Clima it Kansa City le&rded at
Good for Banks. -
"WATTLES SATS SKY WILL CLEAR
5' Onmt iUm Over nUir f
Kawrlll Buk, Wklrk 114
' Ed for
To that tha crlsl ha heen reached
In Kansas Cltr, th situation In tha west
Should clear up and all bank resume full
currency payments, retiring th cashiers'
chock, m .ha been practically dona by
seraral Omaha banks," say Q. W. Wat
tle. Tloa vrtatdent of tha United State
National bank. . Other local financier who
hay watched. tha eltuatlon closely
acquiesce mod 'declare. Kansas r1ty haa
been tha snaf, which haa postponed the
time wbes a formal announcement would
be anade thai full cash would be paid all
flepeattore, sr for alt exchanse.
For more thai thre weeka Omaha banka
have refused to accept , Kanaaa City ex
chaara and tHoaa which bad belancea with
tha National Bank, of Commerce began
wflhdrawfnjf lhaxa a soon aa tha clearing
tioxma of tha wast decided to limit the
tfeyatent Bf easb. '.'
Otia Omaha, bank carried ttO.OOO In the
sTan City bank and It waa withdrawn
1th dlfflcaltr. Othee b,uks which' car
ried mailed balance ecured their money
and tha Adpealt of tha Kanaaa City ln
aUtctJon were eat down more than 60 per
Ct'
i Baak la Like m Womam.
0peaJdn( at tha failure, Mr. WaUIee
"A. bank 1 Ilka a woman to maintain
a reputation it rauat not be talked about.
Talk, hart a bank and there baa laen
talk about tha , National Bank of Com
merce for noma time. The bank waa
talked to death m a way, aa one banker
whispered, -to another, 'National Bank of
Commerce s ' weak.' The bank paid bis
lntareat for tha balance of country banka
and made collection free. - In thla way It
built up deposit almoat -aa large aa the
deposit of . all tha banka of Omaha and
South Omaha and equal to tha deposit
of the Omaha "banka."
Banker of Omaha have been much dis
pleased at tha Irregular banking methoda
ef tha Kanaaa City Inatltutlon, whloh, they
ay; came into Omaha territory and aoll
eilad awd Invited country bank account
and secured them by paying IH and I per
oent lntareat en them, making collection
free and crediting exchange and check
to tha bank forwarding them on the day
of receipt instead of on the day of collec
tion, aa the Omaha banka hare done for
year.
. Rxpeaslv Systeaa ef Soewrltr.
Thla loea to the big Inatltutlon la thu
described by an Omaha banker:
"Tha National Bank of Commerce had a
rery expensive ayetem of aecurlng fhe ac
count of country banka, a system which la
not used In any of tha Omaha banka. If
a Orand Island bank received a check for
fl. 000 on a Valentine bank, Inatead of for
warding the check to Omaha the Orand
Island bank would send It to the National
Stank of Commerce of Kansas City, and
shea It arrived next morning It waa credited
to tha Orand Island bank and the S1.00O
began drawl nr interest at once. Then by
tha time the collection waa made the Na
tional Bank of Commerce loat 11 collection
charges and paid the t per cent . for a
week often 'data on the tl, cheek. - Of
oourse, the country banks liked inch aa
institution and thousands of dollars worth
of Nebraska checks passed through the
bit Kansas City bank. Western Nebraska
Is dotted with bark whloh did business
only with the Kansas City bank."
FUr. Iters of Omaha learned Wednesday
that a SDeclal national bank nimlnu v.mA
oeen sent, to Kansas city, not to make an
( roapecitlon ror the purpose of closing the
Inatltutlon, but to learn Its true condition,
with the idea of helplns; -the Institution
pull through with thto assistance of a
number of New York and Chloago banka
-wnicn isaa agreed to help it. Tha bankers
breaU.ed a sigh of relief and thought they
aw hope of the Kansas City bank pulling
through, but the news which arrived early
Thursday morning did not surprise them.
i Mimm me opinion aur-
a vua uv uiM ui .ansas wiy bank had
been the one drawback and black spot on
th banking situation In the west.
BANQUET F0RL HOSTETTER
Waywe Bsmlaes Mra FrMtiMt
Hrkratkaa Good raited ,
. States Cewswl.
Much haa been said in recent years about
the American consular service, both In Its
favor and In criticism' of It, and It is well
known that In th past, few years It haa
been greatly Improved and extended.
A party of Fort Wayne business men.
Including, among others, E. W. Cook of
the Cltutcns' Trust company; E. H. Merrltt
of tha Physicians' Defense company and
Hon. t V. tHrey, on a recent trip to Mex
ico, can bear witness to the efficiency of
the consular service at one point, thla being
the city of Hetmoeillo, the capital of the
tat of Ronora.
The t'nlted Btate consul there la Hon.
Lout Hosetter. formerly of Omaha, who
haa been In office about three yeara, and
tha Fort Wayne party found him almoat
Invaluable to them during their stay of two
weeka. He 1 a moat accomplished and ac
commodating gentleman who apeaka Span
ish fluently and who waa ready at all
time to aaalst Americana In any way
within' his power, and opportunities were
given him freq-iently enough to have ex
hausted the patience of an official lea con
aloentlooa in his duty.
Mr. Kestetter I held 1n the highest re
gard by tha governor of tha state. General
Torres, and all tha official of tha govern
ment, and aa well by tha bank and busl
neaa firms and people genernlly, and by
the respect and esteem In which ho I held
he I enabled to Introduce American meth
ods and extend American trade in a way
which is most valuable. Hla wife and
daughter era of great assistance to him In
maintaining; pleasant relations with the
people there, aa they ar accomplished and
delightful entertainers. '
If the consular service Is as well repre
sented lit other parts of the world as It is
In Hermoslllo, Uncle Sam 1 In no danger
of becoming unpopular among the other
nation. Fort Wayne New (Ind.).
PRIMARY TO NAME NEW MAN
Propose to Allow Ropaolleaaa to
Tot for Bceeer to Comsat- .
aioaer Solosnoa.
In order to solve the perplexing problem
of naming the suceesor to County Com
missioner Solomon, who Will resign Janu
ary 1 to become county comptroller, an
Informal republican primary may be held
by common consent in the Third commis
sioner district, comprising the country pre
cincts of tha county. The suggestion waa
made at an informal meeting of a number
of the candldatea a day or two ago and
several of them endorsed it aa a good way
to e"!e tha question. It la proposed to
establish poll In each precinct and allow
all republican who voted at the last pri
mary to register their choice for tha com
mtsslonersliip. Tha result would not be
binding on the county official who fill the
vacancy, but it probably would be consid
ered - by them In making the choloe. If
not It would, It is said, put tha auccesaful
candidate In a position next fall when the
regular Incumbent will be choaen.
Henry Denker of Chloago precinct' la
aid to be a new aspirant for tha office,
theugh he ha not mad formal announce
ment ef hla candidacy. HI friend are
aid to be working for hlra for tha place.
JOB OF FEEDING "PRISONERS
SelflealoBS Fixed and Bids Asked
by . the Coanty . Boatvel ,
'. tarday."
The apectflcatlona for the Jall-feedlng
contract will be decided on at a meeting of
the county commissioners Saturday morn
ing and the bids will be called for immedi
ately afterward. The commissioners ar
having Some difficulty In making tha
specifications for the meal of insane aud
Juvenile prisoner and witnesses held te the
district court. Under the law they will
have to be given three meals a day, while
the ordinary prisoner ar ted but twice.
County Commissioner Brunlng an 1
Tralnor have gone to Kansas City, where
they will Investigate methoda of feeding
prisoner there.
Orlno Laxative Fruit Syrup, tha new
Laxative, stimulates, but does not Irritate.
It I the best Laxative. Guaranteed or
your, money back. For sal by all druggist
BANK STATEMENTS
BANK STATEMENTS
OTY
REPOUT OF THE CONDITION OF THE
SAWWGS -BARK
OMAHA, NEBRASKA,
CHARTER NO. 303.
Incorporated in the State of Nebraska; at the dose of
business Nov. 20th, 1907.
V RESOURCES:
Ftrst Mortgage Loan f S20.S7B.18
ColUtral Loans , MfiOi.U
Bond -..... 20,789.0
Oitl Fund Warrant ....... t 125.307.87
Vault, Furniture nd Fixture , , an 070.42
Other IWI Estate , 7446 04
Intrrrst Accrued but not due lo',ft4&!27
Total Caab on Ilaad and Due from lUnk 228,803.01
To1 .81,1s 111,000.44
LIABILITIES:
CsvpJUl Faid In. g 1B0.000.00
: BurplM Fu4 ;. S.RO0.0O
. VadJ Tided Profit ; 2,428.00
InOlTidttjd. Depoaiu Sub Jct to Check. . $868,883.77
lctuand OrtilcAte oa IH-posit 10,001.24 . '
Xlme Ortia.Wa on Depoai. 180,042.48 1,007,677.44
ToUi .a. v. $1,212,603.44
x
" 6TATE OF NEBRASKA, '
County of Douglas
1, "Wm.'S. Iiillis, Treasurer of the above named bank,
do hereby wear that the above statement ia a vomat and
t tmo copy of the report made to the State Banking Board
v ' 1 ; . W. 6. IIILUS.
ATTEST, -
' 1 JOIIN F. FLACK, Director
J. A. SUNDERLAND, pirector :
. Bi:bscr;bed and 6 worn to before me this 5th day of
December, 1907. -
' . TV. BOYD SLAGEL, ,
t&:,alJ.:''. . ... . -Notary Public.
DAX1EL DAS HIE RE1SS
City Prosecutor Arbiter in the En
forcement of Sunday lawi.
ALL EVLDEKCE WILL GO TO HTM
Aa It Will Hare Beet Clan L.
rate Opportunity for CoaTletlaa
riaal Ahltranseat Rests
Will Hlsa.
While a further conference will be held
Friday between the mayor and chief of
police to work out the details of the en
forcement of all stats laws and city ordi
nances, which, by virtue of the ordr of
the mayor Issued to, the chief of police
last month, are to be strictly enforced on
and after next Tuesday, It has been prac
tically decided that no arrest for the viola
tion of such ordinance will be made, either
upon the failure of merchants and other
to suspend work Sunday or almllar offense
after Tueeday. '
In place of making the arrests patrol
men will be requested to secure tha names
and addreme of person seen violating the
ordinances on laws and this list, together
with the evidence .In the poeoexslon of the
police department, will be submitted to the
city prosecutor with a request for the
Issuance of warrants In rase the city
prosecutor decides that a case can be made
against the parties against whom the com
plaints ar prepared;
While the Sunday closing, law was espe
cially mentioned In this regard It is under
stood all laws heretofore more or less
Ignored will come under the earn rule.
This action is deemed !ie only possible
method of handling the affair, as there
are not enough policemen In Omaha to
make arrests In erery case of violation and
the department think It cannot discrimi
nate. Bo the proposition Is passed on to the
city prosecutor, who Is In a position to
know where lies the best opportunity for
securing a conviction.
BANK STATEMENT
BANK STATEMENT
WIMiM.MMIIIe.Mia.Mn(iurM
flo
i 1
MAMA
NATIONAL BANK
OF OMAHA, NED.
Statement Mado to the Comptroller of
the Currency December 3. 1907.
RESOURCES
Loans and Discounts 6,630,075.49
Overdrafts .., , 2,924.03
U. S. Bonds, for Circulation - 815,000.00
Stocks and Bonds 635,658.71
Banking House and Safe Deposit Vaults 200,000.00
U. 8. Bonds for Deposits. ....... t 484,000.00
Other Bonds for Deposits 110,000.00
Due from Approved Reserve
Acents 1,115,833.16
Due from Other Banks 1,131,961.83
Cash on Hand 1.425.197.34
Due from U. S. Treasurer....... 30,000.00 4,326,982.33
Total S12,510,640.5G
LIABILITIES
Capital . $ 1,000,000.00
Surplus Fund 200,000.00
Undivided Profits , 223,230.44
Circulation 704,160.00
Bonds Borrowed 76,000.00
Clearing House Account.... , 30,000.00
Deposits:
Due Banks and Bankers $4,837,319.64
Due Individuals 6,440,930.48 10,278.250.12
Total $12,510,640.56
DIRECTORS ' "!
J.H.MILLARD. I. W. CARPENTER,
W. M. BURGESS, , CP. McOREW.
WM. WALLACE, A. J. SIMPSON, ,
OUT C. BARTON, J. E. BAUM. . "
a H. BROWN, W. H. BUCHOLZ.; V.
OFFICERS
President. , , J. H. MILLARD
Vice President ,;WM. WALLACE
Vice President ,...C. F. McOREW
Cashier .W. H. BUCHOLZ
Assistant Cashier ....FRANK BOYD
THE EXTENSIVE CONNECTIONS AND STRONG RESOURCES
OF THIS BANK ARE AT TOE SERVICE OF ITS CUSTOMERS.
HssniCTTniRTEENTii st., 'rsvsssssssnsm
Statement December 3, 1907
RESOURCES
Loans and Discounts - $5,222,056.79
U. S. Bonds Par - - 500,000.00
Bank Building: - - - 200,000.00
Bonds - - $ 431,060.00 -
Banks 1,976,157.56
Cl'g House Acct 291,000.00
Vet Balaao ZHi U
Cash - 1,306,174.873,995,392.43
$9,917,449.22
LIABILITIES
Capital Stock . -Surplus
and Profits
Circulation .
Deposits. .....
$600,000.00
- 462,955.14
500,000.00
8,354,494.08
$9,917,449.22
OFFICERS
K. T. Barlow, President,
Ch W. Wattles, Tlos ?im.
T. B. OaldweU, Tlo rre.
A. SClllarA, Cashier. '
W. B. BJuad, Aa sic taut
Oaablar.
St Talatac. Assistant
Cashier.
a. B. KSTeMttok, AaslaUat
Oaaaier. .
DIRECTORS
L T. Bar low, Ooy 0
Bartos, IT. A. Bnff, S. B.
Caldwell. T. B. Caldwell,
Thoa. A. Trj, O. w. lraa,
A BUUaxd, Bmolld acartin,
B. IS. acoramaa, A. Ts. steed,
B, 1. Smith, W. A. Bmltli.
O. W. Wattla. a B. Tost.
An Ideal Investment Is
1 Absolutely safe, because secured by first mortgages on
improved real eaute.
t Profitable Wins; at least 6 per cent. '
Convenient no coupons to clip, no insurance or taxes
to look after.
4 Easily turned Into cash at offloe on notice.
Our shares fully meet all these conditions.
Resources. $3, 790.000; reserve, $66,000.
- Investments of $1.00 to $6,000 received any d&.
THU CONSERVATIVE 8 AVISOS AND LOAN ASS N.
1614 ILaraey Street, OmaJuu
CEO. F. CILMOIlE. ITe.. P, w. KUIIXS, Sec.
BANK STATEMENTS
BANK STATEMENTS
J -J..;
I
s. ii i-, a i r.i . f ' i
The Home of the Orandels Dank.
Statement November 30, 1907
As Called Bj Stifi Einhln? Bciri.
RESOURCES
Loans and Discount , .ff40.995.71
Bonds and Warrants 107,702.83
Cash and Exchange ". . . 189,808.37
LIABILITIES
$7US,5MM1
Capital 9100,000.00
Undivided Profits 7,023.78
Dcpo( , 031,042.03
$788,560.41
State cf Nebraska, )
County of Douglas $
John L. Kennedy, Vice President, on oath, states that the fore
going statement of the condition of J. L. Drandels & Sons Bankers,
on November 30, 1907, is correct.
JOHN L. KENNEDY,
Vic President.
Attest:
, . ARTHUR I). BRAXDEIS.
EMIL BRANPEIS,
H. HI GO BKA.VDEIS,
JOIIN L. KENNEDY,
Subscribed to in my presence and sworn to before me this 6th
day of December, 1007.
G. H. MAIvCHEIN, Notary Public.
Director.
The Brandeis Bank Pays 4 Interest
AND
PAYS THE MONEY
When the Depositor Wants It.
'UMi'iiyifffifH
Gfe Omaha
National Bank
Capital $1,000,000
OFFICERS i
President J. H. Millard
Vice-President Wm. Wallace
Vice-President C. P. McGrew
Cashier YV. H. Bachols
Assistant Cashier Frank Boyd
DIRECTORS:
J. H. Millard, , Gay C. Barton
W. M. Burgess A. J. Simpson
J. E. Baom C. P. McGrew
Wm. Wallace I. W. Carpenter
XV. H. Buchola C. H. Brown.
I3th Street. Between F&rntm and Douglas.
Bee Vant Ads Produce Respite
BANK STATEMENTS
No. 183L
Rport f U Condltloa of
THE OMAHA HATIOHAt BAKK,
At Omaha. In tha Plata of N.Hraska. at
. . tha CI o. of 13utna tc(n-
b a, ifl".
- REAOUsVCSa
ltas snd Olscounta ............ 9 S.SSQ9TS.4
Or.Mrsfta, secured and un
oeurrd 1K4.0I
V. R. Bond to eeur olreula-
latkm mt.n
I, a. Bonds to scur U. a .1-
po.lt. . 41,0P.0
Othr bond te aecura U. S. do-,
posits lft,nrv 00
rrrmluma on 17. . bondSv....
Bonds, SM-urltl.s, 4a fttt.CS.Tl
Banking houoft, furnttora and
fixturva ' ' A9TO.0O
Duo from national
banks (not rirva
' arnts ,.' t S33.S0e.Sl
Duo from stats bar.ks
and bankera 1MJU.V
!! fronv- approved
rs.rva scnta 1,1I5.S3.U
Check - and Othrr
cash ltsma 79,128 .14
Exchan for clr
tuff hovisa 17S.t0t.tt
Nots of other a
tlnnnl banks l&CS.OO
Fractional rspor cor- v
renry, nickels and
cmts tlH.I
Lawful Money ReeerT in
Bank, vis:
Pperle . ..tl,0S7,tli.tO
dcr nous llinrt.Oft 1.IM.1M OS
Redemption ftind with u. B.
treasurer f of circulation).
IlO.000.0S
' 104.1W.M
Mn.iKi-33
io.oo0.ro
TotiU.v nxuattoM
LiAurunra.
Capital stock paid In
Purnlus fund
Undivided profit, le ex
penses and tax paid
National bank, note outstand
ing Iue other national
banka tX0SI.tt3.4e
Due to atate . bank
and banker l,75i,S1.tO
Due to trust ' com
panies and saytnss
banks t3,44.7B
Individual . deposits
aubject to check... l.44B,lt.C6
Time cert I floe.' ea ef
deposit ;
Certified check
Cashier's check out
standing United State de
posits Deposits of V.- fl dl
burslnir officers....
Bends bo rowed v
Clearln; haus account. . net
balance .w.
M4,W9.1
ts2ul.M
r.ois.tt ' -
17XEM.4T
8tl,ie.4- W.lTS.tW.lJ
7S.0W.W
10.900.00
Total tH.n0.tt0M
Btate of Nebraska, County of Douclas.
I. W. H. Buchol. cashier of the abore
named bank, do solemnly swear that tha
above statement is true to the beat ef my
knowledge and belief.
W. H. BTJCHOTJ', Cashier.
Rubscrlbed and sworn to before me this
4th day of December, 1907.
U D. EPAX.DINO. Notary Public.
Correct Attest :
J. H MTITjART,
W. M. BUROrTSa,
C. H. BROWN.
Dlrectora
1 5.m.i.so
(6.1M.93
200,000.00
mo, 000.00
H0.K1.ZS
116,00'). 00
No. 9.
Report of tha Condition of '
THE FIRST NATION A I, BANK,
At Omaha, 1n the fttat of Nebraska, at
the Close of Business Decem
ber S, 1M.
RESOURCES.
Loans and discount
Overdraft. secured and un
secured
U. 8. Bond to secure circula
tion .
U. . Bond to ecun U. 8. de-noslla
Bonds, securities, etc
Bunking Bouse, iurnnur njia
fixture
Clearing; liouse ac
count, net balance. im,ia.w
Due from national
banks (not reserv
asents J06.W1.74
De from state bank
and banker 3UB.VCT.sa
Due from approved
reserve renls 0S3.43t.Sa
Checks and other ,
cash Items 2,mt.ll
Exchsnges for clear
ing house tM,27I.T7
Notes of other na
tional banks 47,000.00
Fra tional paper cur
rency, nickel and
cents J.JS0.71
Lawful Money Reserve in
Bank, vis:
Specie Sfl.2SO.fl0
Legal-tender note.. 1Ki,76.00 6,173.22. 71
Redemption fund with V. 8.
treasurer l& or circulation). iu,tw.w
Due from 17. B. treasurer, other
, than b redemptiun fund 1,000.08
Total tll,l65.SS7.7t
LIABILITIES.
Capital atock paid li f MO.000.CO
Surplus fund , 100,000.00
Undivided profits, lesa .ex
penses and taxes paid .467 ,066. 00
National bank notes outstand
ing ttl.160.00
Due to other national
banks 0.19071. It
Due to state banka
and hankers L752,Sl.v7
D"e to trust com
panies and savings
banks 44,09.0
Individual deposit
subject to check... I.!77,M8.01
Demand certificates
of deposit 00,047.aS
Time certificate of
deposit I.TM.OW M
Certified check 16,161.0
Cashier's check out-standing-
16S,2.41
United State de
poults 144.tM.tl
Deposits of V. B. dls- .
burslnr officer.... B.M0.64 10,1118 H
Reserved for tuea 4.171. 10
Total tll.l8.BB7.7
State of Nebraska. County of Douglas, as:
1, L. L. Kountse. cashier of the above
named bank, do solemnly swear that tsa
above statement la true ta tha beat at my ,
knowledge and belief.
L. U KOTTNTZES, Cashier.
Bubacrlbed and sworn to before me this
Eth day of December, 1907.
JOHN H. BKXTEM, Notary Public.
Correct Attest:
CHARLES T. KOUNTZB.
r. H. DAVIS.
3. D. CREIOIITON.
Directors.
HELP ADVERTISE OMAHA
Send Tk. Be Tstr Vrlrads.
1 lie sommi Omaiia Rial ioieS mh
Oldest National Panic at Union Stoclc Yards
STATEMENT OF CONDITION:
RESOURCES:
, December s, 10OT. Aafnst 23, 1007
Ioans and Discounts $2,035,742.03 $1,791,991.64
U. S. Bonds to secure circulation 200,000.00 175,000.00
Bonds to secure U. S. Deposit par 28,000.00 25 000 00
Banking House 1 0,000.00 loo0o!o0
Stocks, Securities, etc., none .
Premium on bonds none
Other Real Estate jione
Cash and Sight Exchange 2,182,558.25 2,129,177.03
$4,456,300.33 ' $4,131,163.72
LIAOILITIES:
Capital Stock 250,000.00 250,000.00
V--;- 250,000.00 250,000.00
Undivided Profits 127,645.61 95,825.03
atlonal Bank Notes outstanding 193,200.00 175 000 00
Deposits . . . . ... 3,555,454.72 3r3C043.'64
Clearing House Certificates, net , 75,000.00
' ' $4,456,300.33 $4,131,163.72