Image provided by: University of Nebraska-Lincoln Libraries, Lincoln, NE
About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Dec. 5, 1909)
THE OMAIIA SUNDAY PEE: DECEMBER
1 South Omaha's Banking Houses Are Strong: and Healthy Institutions
. ri'i,. '
TTT I 'r, -m-- r-
:!!! .i I r f --. ""V I!
I'll rr, LiniTTiTTTr .'IVi'iM
' i'N ; : I I i
1 ! :i
niP".m, ii ...ii'ir 'in
jiasusiiiauratwaiisiiiairBisiia ffHfflrirnwMfi it ainiiiw 11 !"' "i
1IK handling of SAOnfO n.ad of
"3T I ftr-r-k and thtir 1 rn nf .rtr o: ir.-i
I I h t" f ! and b -produc
nit U II UIK 1 ' r.u.N u 1
actnxw. and many of the 11 I
The fi ur rati)nl hink." !-
rat-.t In the city ft S.iuih Omaha :, Ii'
rrf.ilterts of the commercial (r of t'ie
'packing InduMrl-!. r1 rattle r. arkot.
I which they te. That tt-.rsp l ank are
i pr-isperous reflect the priprly of the
Til OMAHA M
H. C. Bostwick, President.
Truman Buck, Vice-Pres.
E. A. Cudahy, Vice-Pres.
J. C. French, Cashier.
H. C. Miller, Ass't Cashier.
J. S. King, Ass't Cashier.
Jas. B. Owen, Ass't Cashier.
Br 1 '
5 I v"" V
s 1 . 1 in .ii i iri i 1 .
Pi. 1 u-rp 'tPIPrP I
r 1 1 1 11; ir? 1 tz I I r. 1 1 -
I I I ri l 1 -1" Lzl i,J
H. C. Bostwick,
E. A. Cudahy,
J. C. French,
J. P. Lyman,
J. D. Standish,
II. C. Miller,
E. M. Morsman, Jr.,
K. C. Barton.
'r , it)
, Special Facllltl lor Handling Duslnct In Connection with the Live Slock Industry
LIVE STOCK NATIONAL BANK
Capital, SlOO.OOO.Od , Resources, 3800,000.00
Junction 24th and IM Street-. Soulh Omaha
lntiiutloi.s which tl:y rcrr. Thf niillii-
that the entile fc 1. r nnl tlf p.irk-r pro
duce mvi!t lnr-ely tlironph tiir;-.'
hHnks. Tl.e rr:iny ar.d rnpd op-rati 'Ti oT
the cut 1- tntrkfl renuirp rriilr money
mid lot of It. The South Omah.i binks
hKve tot It. too.
Tli combined statMiients cf thp four na
tional fcnrik? of South Oi-iaha i;iow ti.at
with deposits M.all;-K 11! lot.Ti ih y have
rch rc.ctircei of l' "i;.707. That mem?
mat the cafh refourcs are oyer 50 pr ce it
of the total deposit, more than double the
amount that these hanka are required to
carry according to law, ar.d an amount far
In exce.'i of ivhat la carried by barkln
hoii!"s operatli f? In other fields.
These bank carry cnh le.-o-ircc In
at out thi anme proportion at ail ti ne.
The banks are fin? trab'el to mfet an t
unusual demand that may N- made upin
' the ni. They mns; also provld th fuid- '
ud In the hard! :r.g of nO'1'1'") of pac(
j Iiik heune product which are annually put
cut by the South Omaha packir.R concerns,
aa Well aa to finance an equal volume of
bufinefs which grows out of the File and
purchase of the stock In the yards which
furnish the packers their mater'als. .
The oldest of the banks of the city Is
th I'nlon Stock Tards NaUon.il. oran- I
ized a. a Hale bank in I5?6. It Is exclu-
slvely concerned whh the busin gs of lh ;
stuck yards and d(es not handle a gtn
eial commercial business. At th-- be;lnilni(
tt.ls bank opened In a tiny corner of the I
cielianpe building. It outgrew Its quarters
along with the other early department3 cf :
the yards business and the building which j
it now shares with the sioek yards com-
pany was built some years liter.
The Vnlon Stovk Yards bank was na- I
tlonalized In It is capltaliied for
The statement of November I
! shows P. to have deposits total ng nearly!
4.(yC,0O0, with loana and discounts of
The oldest national bank of tha quartet !
of the packing town Is the South Omaha Na- :
tional. Its original charter was granted In
lrcemvcr. 1W. It was tiie Fecond bank in ',
the field there. The insistent prosperity !
cf tills bank is attested by the fact that
Its deposits continued tT Increase evfn
through the panic of 1?07. Jn August. TOT.
this hank had df-poslts of $.1.3:0.000 and on
December 3 of the same year they had In
creased to 13..5.000, and In the face of the
financial depression that jarred the coun- i
try. Stock in this bank is now worth i?'"0
per $100 share. The growth of this hank
has been hand in hand with that of the
stock yards industry. It is paying divi
dends of 16 per cent at present. This bank i
has been under the management of H. C.
Bostwick, president, continuously since its
"That shows how much can be accom
plished by, following out steadily one con
sistent program," remarked John C. French,
cashier, commenting on the success of the
South Omaha National.
The Packers' National is the third among
the South Omaha banks In the point of
age. This institution was founded In lt&l
with a capital of 1100.000. in 1908 the
growth et the bank demanded an increase
and the capital stock is now 1150.0)0. The
deposits of this bank, according to the
last statement, are 12.140.&S. The manage
ment of this bank lias changed but little
since its reorganisation. Its growth ha
been steady and consistent in the pursuit
of a fixed program.
The Packers' Katijnal. but recently
moved into its new quarters. The old struc
ture t Twenty-sixth and X streets has been
'ar outgrown. The n?w home of the bajik
Is a magnificent building constructed ex
clusively tor the purpose of the one
concern. The Interior Is highly finished in
maaslve marble and mahogany.
The Live Stock Xntlonal is the youngest
of the South Omaha banking house. It
opened for business In the midst of the
panic of lfO" and got busy in the field
right away. "Everybody wanted our
money and were anxious to pay interest
on it." said L. M. Lord, cashier. This bank
also has a savings department where
minimum deposits of tl are received. Tals
feature has proven an nttr&ction to the
many people of the industrial town.
The Live Stock National handles a
steamship agency, and It is found that
there is a remarkably heavy business in
this line In South Omaha. Most of the
tickets, by the way are for Incoming
passengers, but rery few ever go back.
The foreigners come to South Omaha,
and after working a few months have
saved enough money to ser.d for their
families. Hundreds come in thla way every
In July the comptroller of the currency
designated South Omaha as a reserve city.
This means much for the financial Inter
ests of the community and its Industries.
While many small country banks had
hitherto n.aintalr.fd reserved funds in the
South Omaha banks, such funds were
liable to withdrawal at any time that a
statement as ca'led. As a reserve city,
under the order of the comptroller, the
national banks of South Omaha have thua
available for the uses of their Urge com-1
mercial operations an increased working
In increasing the scope of the possible
operations of the banks of South Omaha
thia move is of sweeping importance, not
only to the banks, but all the inereu and
concerns which they represent and with
which they are connected.
CAPITAL AND SURPLUS.
Our facilities for handling business
in connection with South Omaha
Stock Yards is unexcelled. We
give special attention to this class
VThere is no better or safer invest
ment than our 4 certifcates of
SAFETY DEPOSIT VAULTS FOR RENT
JOHN F. C0AD, President
CHAS A. DUNHAM, Assistant Cashier
A. W. TRUMBLE, Vice-Pres.
J. F. C0AD, Jr., Assistant Cashier
0. D. Brown, Elmer E. Bryson, John F. Coad, J. E. Curti, T. R. Daniell, Luther Drake,
F. McGiverin, A. W. Trumble.
Country at Large uL
sAtrrf South Omaha 1
On Account of Its Progressiveneaa
Nebraska Undsrvjriter's Department
FARMERS AND MERCHANTS INSURANCE COMPANY
' Of Lincoln, Nebraska
GEORGE W. MONTGOMERY, President. It L. C. FUNKH0USER, Vice-President.
L. P. FUNKH0USER, Secretary. S. A. BARCLAY, Assistant Secretary.
Capital Paid Up, $200,000. (
Assets (approximately) $700,000.
Surplus, New York basis (approximately) $50,000.
Nebraska basis, about $110,000.
The auditor's report shows this company to be cue of trie strongest Insurance organizations in tue stata.
The policy of the company is to reach its losses at the earliest jiosaiMa moment, and, r.-aluing that the as
sured needs tbo money as soon as iOiblbli, all lotted are aill:isiel and tald promptly In cast, without dis
count. Aunt wanted in every city and town iu tiio territory where not already re;rebented. Tor full
particulars w rite to
M. F. FUNKH0USER, General Agent for Nebraska and South Dakota.
Omaha, INJcb., 1218 Fnrnam Street,
A Bachelor's It ellrctlona.
Life would be a heivenly dream If it
weren't for new shoes.
If a man can get hurt bad enouih doing
mie fool thing any woman can love htm
The only thing a woman Is frank about
i how she wishes other women would be
frank with men.
A college course could have a worse ef-
fet't than it Hufi uniin m K v . turmn. -.
pacity by being longer.
lit t? to tell whether a girl likes you
or not is not to believe whichever sh
makes It seem to be.
Some people can'tangle truth up so badly
that It looks more suepicious than a lie.
The more money a man could save being
sensible the more he'd rather waste being
Frivolity can get plenty of exercise danc
ing In company; sobriety niutt take long
walks by itself.
There's no ay to poison a girl's cup of
happtnesa with more bitterness than to ad
mire another girl a hair more than hers.
New York Ires.
Old Payer Worth M all.
A new value of tt.OOO a vear haji b.n
i placed on the exclusive right to colii-ct
aie papr and rags In ltroit, Midi.
I The latent offer, mo far the most sub
stantial, comes from a KaJamazoo parr
; null wskti.g Hie privilege. The city, how
I ever, since learning the real value of the
waMe. is cot Inclined to sign anav the
right to it as la known by the fact that
, n cenlly a luiijiiclpal rtibolsh korung and
pi liwcting di-partinet't as Mart d in the
I city dumps mm good reauits. The public
urks coniniiein-r believe that when the
council lends proper f.nancial and legts.a
I tlvri backing to the scheme it will develop
ja laige sou.ee cf revenue.
I The tort ore lion counsel has been asked
, to draw u? aa ordium a spt-cif ically pro
Ihibning either the removal from or tit
; positing in of any matter In any city .dump
j without tne permismon of the pubilo works
I department. I'aper Trade Jourbei.
The Union Stock Yards National Bank of South Omaha, by its conservative and strictly
businesslike methods, attracting to itself a large and profitable patroange.
It has constantly and consistently widened its scope of usefulness to meet the re
quirements of a modern city institution, and upon the assurance afforded by its record of
success, it solicits your business.
Union Stock Yards Mationa
The Only Bank at the Union Stock Yards.
Capital . .
Surplus . .
Deposits . .
. . $300,000.00
. . $60,000.00
Member Omaha Clearing Ilouse.
F. II. DAVIS, President
E. F. FOLDA, Vice President
F. W. CLARKE, Cashier.
EPES CORY, Asst. Cashier.
Powered by Open ONI