THE BEE: OMAHA, "WEDNESDAY, AUGUST 17, 1910.
I-
nf.-;y;y
as tsi'is miltt i i . ...I ft I 4
"'" ri.-.ini.il-iiniti.ij
Insurance
ti ' -
I -siii:
Conservative Savings & Loan Ass'n
OF OMAHA, NEB.
FINANCIAL STATEMENT
at tsb orararo or busixsis jtjlt i, iio.
KESOUBCXS.
Zrfans ob Keal Estate 1 4,846,41.B6
Loans on ran Book
nrity es.7ai.oa
eal X.tat. gales on eo-'i"u"
Oontraot 8,304.73
Voreolosur. Aocount 6,390.06
Accrued Interest 13 iai.84
Office Building and Lot... 60,000.00
Oaah on Hand and In Banks . 388,398.04
98,401,773.70
nCBBASB la Re son roes
rirat Mix Months 1910. .. 9 801.933.34
liabilities.
Dun Paid and Dividends
added thereto $4,HS,B19.77
Building I,oana 873.048.90
Beeerre Fund 188,000.00
Undivided Profits 18,308.03
$8,401,773.70
Investments of from fl to 98.000 Received and Dividends
Allowed from Pate of Beoelpt. Bin Par Cent Dividends.
orrxcxBS Airs
. . GEO. K. OILMOHE,.,
P. W. KUHN8. Secretary and Treasuer
WILLIAM BAIKD Counsel
K. A. BENSON ...Real Estate
A. W. BOWMAN Ketall Shoe
RANDALL, K. BROWN
of Coal Hill Coal Co.
ROBERT DEMPSTER Retired
JOHN F. FLACK
Freldent City National Bank
CHAS. C. OEOROE..; .
Investment Securities
DXBXOTOBS.
President
BTRON R. HASTINGS. . .Real Estate
J. C. ROBINSON
. . Wholesale Seeds, Waterloo, Neb.
J. A. SUNDERLAND
Pres. Sunderland Bros. Co.
H. A. THOMPSON
of Thompson, Belden A Co.
A. P. TUKET Real Estate
C. M. WILHELM
..of Orchard & Wilhelm Carpet Co.
fire Automobile Buralarv Accident
Tornado Liability Bonds Health
Plate Glass Steam Boiler
.Webster, Howard & Co.
INSURANCE
326 Dee Building Telephone Douglas 970
n
Is. A. CTJDABTT, President.
C. T. KoQXIW, Vice-President
A. J. X.OTB, Secretary
AXMABHOkT, Aast Bee.
X.UTHXB SUn, 8d Tloe President.
Authorized Capital. $1,000,000.00. Paid la Capital. $200,000.00.
iTBBBnssssssBSsBMBasBBssssBW I si i i in i n I I n im -,tttmamittM0mmmmmeBWWWmmnWTeWBMS'j
OUABA VATIOBAZ. BAVK BUZX.BQra
SZBBOTOBBi A. A. Ondahy, Pres. Ondahy Paokini Ca. O. T. MoOrew, Capitalist.
A. J. Ziove, Pres. tove-HaakeU bo., Znsuranoe. John O. Oowln. Attorner-at-Law. O. W.
Palm, Pres. Palm Insurance Asency. Jno. B. Brady, .-Pres. MoOord-Brady Oo. B. B.
Bowell. General Inauranoe. Sherman Saunders, Pres. Sannders-Westrand Grain Oo.
Morris Levy, Prss. Xebraaka Clothing1 Oo. Prank T. KamUton, Tloe-Pres. Mexohanta
XatlonsJ Bank.
mi, Z.IOBTXZXa ajtd wixdstobm zxsvbaxob
Woodmen of
the World
Fraternal Life Insurance
ASSETS $11,500,000.00
BX. f. P. T.aTBS, overeirn Clerk
IVOINJE BE XX E R
Wheeler t& Welpton Co., Inc.
All Reliable Insurance Kinds
GENERAL AGENTS VOH NEBRASKA FOR
Tha Ocean Accident and Guarantee Corporation.
The National Buret Company.
LOCAL AGENTS FOR
Royal Insurance Company of Liverpool.
Commercial In ion Assurance Company of London.
Fire Association Insurance Company of Philadelphii
German Alliance Insurance Company of New York.
1511 Dodg9 Street. Phone DougUt 186.
J
B. L. Baldwin (& Co.,
General Insurance Agents
1221 Faraam Street.
We WTite all kinds of insurance on every kind of prop
erty anywhere. All losses are promptly adjusted and
paid without disoount or delay. We want your busi
ness and will come for it if you will phone us.
No better companies represented.
No companies better represented.
TELEPHONE OF BIC SERVICE
Wonderful Growth Since Invention
Thirty Years Ago.
MODEL PLANT IS IN OMAHA
Nebraska Telephone Company Has
25,000 Phones in Operation In
Omaha and Saborbs Con
stantly Increasing;.
Of all the great public service enterprises
that have been of Immense benefit to the
development of civilization In this country,
as well as other countries, no one has been
so far-reaching In Its scope as the tele
phone. A little over forty years ago, when Alex
ander Graham Bell Invented this Instru
ment, he, little more than those associated
with him, realised the future of this In
vention or probably little thought of Its
effect on the development of the country.
The telephone was first exhibited to the
public at the Centennial exposition In 1876.
At that time an enthusiastic friend of the
Inventor prophesied that in 1900 there would
be 100,000 telephones In this country. This
prophecy, at the time, was considered by
many to be preposterous, but the result has
been more marvelous than the most opti
mistic thought it possibly could be, and to
day there are more than 5,000,000 Bell tele
phones In use In the United States and
Canada.
The Nebraska Telephone company.
branch of the Btll system, has more than
25,000 telephones now In use In Omaha. The
system here consists of five exchanges
Douglas, Harney, Webster, Florence and
Benson, all these being lnter-connectlng so
that a subscriber on any other exchange
can reach any one In Omaha, Council
Bluffs or any of the suburbs.
Omaha's first telephone directory was put
out July 10, 1879. This consisted of a single
sheet of paper containing less than forty
names. This directory contained the names
of Omaha's pioneers, some of them still
in active business life.
Those who are acquainted with the tele
phone only through the use of their office
or home Instrument, little realise the com
plicated machinery that Is required to fur
nish telephone service to a city the size
of Omaha, but to one who has seen the
maxe of 40,000 wires coming into the cetv
tral station, or who tries to follow the
message through the various tables In its
twisting and turning until It reaches the
operator and then back again through
another pair of wires on to the person who
receives th. message, or who has explained
to him the complicated, but Instantaneous
working of the apparatus that Is necessary
to get Instant communication between a
local subscriber and a distant city, begins
to realise the enormity of the enterprise.
Complicated Network.
Every telephone instrument In Omaha la
entered into the exchange by two twisted
wires running to the central switch-board.
These wires run In bunches of twenty or
more In absolutely water tight cables.
These cables are moisture proof, for any
drop of moisture within this cable would
ceuse Instant trouble and cause one con
versation to Jump from one line to another.
Each of the 40,000 pair, o wires coming
through the underground passage way Into
the Eighteenth Btreet exchange, represents
an Individual telephone or a party line.
Shortly after entering the building these
cables are "fanned out," which means that
the wires are separated and run Into the
Individual connections along the rack In
order that Interference with lightning and
other outside causes may be avoided. Each
circuit Is run through carbon connections
so that a stronger force than the ordinary
circuit can be thrown off and "grounded,"
so that any charge too heavy for the
switch-board, for which the message must
ultimately come, is by this means thrown
Into the ground before it can do any harm.
All of the wires from the rack to the
lasement are run to the second floor where
there Is another or an Intermediate dis
tributing rack, where tue paired wires ais
connected with relays which supply a third
wire for each telephone, these three wires
being used in connecting with the Second
system by which the central communicate
with subscribers.
The exchange room where the connec
tions are made Is a mass of switch-boards.
A constant murmur (Ills tuls room as one
must realise when it is understood that
Koo.000 calls are made through the switch
board every day In the year. Before every
three or four feet of switch-board apace
a girl sits, constantly on the alert for calls
coming In to her section. With her hands
she la constantly manipulating the plugs,
placing them In the "Jacks," and listening,
to the calls from other subscribers at the
same time.
Girls Require It eat.
On account of the rapidity of the calls
during the "rush" hours, tach one of the
girls Is given a rBt period of fifteen min
utes during euch two liuurs of Work.
When the subscriber takes down his re
ceiver a small electric lamp, which repre
sents his Instrument on th board of the
operator to whom he is connected, lights
up. The girl reaches for a pair of cords
and places the plug of one of tnem Into the
proper Jack to connect her with tha sub
scriber. Then she asks for the number. If
lie calls for a connection of the same ex
change she puis the other plug cord Into
tne proper Jack that represents this tele
pliuiie and presses a lever. The lever rings
the second telephone, the one which is to
receive the message. By the working of
the signal light she can tell when the called
.receiver Is taken down and when the con
versation Is over. When both receivers are
hung up she takes out both the plugs and
; they do service again in connecting two
i others. If the subscriber Imagines that he
( Is causing the central operator any great
discomfort when he Jangles up and down
on the receiver he Is much mistaken, for
i It never reaches her only as the flashing
' of a tiny light
I For svery ten or twelv. girls ther. Is an
I Inspector who walks along behind them
, continually, supervising, watching, heloin
and working to Insure patrons immediate
service. Thtfre are In th. employ of the
company nearly M girls, of which number
about auo are at work in th. Douglas ex
change on regular lines and sixty on toll
lines.
Rest Room for the Girls.
The girls have the use of a big locker
room and a rest room, which Is well sup
plied with periodical reading matter. A
dining room with covered tables Is pro
vided where they can eat lunch. Tea or
coffee Is kept hot and sold for a nominal
price. There Is a hospital room well
equipped for emergencies.
The exchange room Itself Is ventilated
with a special apparatus which sucks air
In from above the roof by artificial means
and forces It through water vapor to re
duce the temperature before It goes Into
the room.
The operator's busiest time varies accord
ing to the exchange at which she works.
At the Douglas street office, where calls
come in almost entirely from business
houses, the busiest time comes between S
and 10 In the morning. About 8,000 calls
come in during this one hour. At the other
exchanges, which serve residence tele
phones, the maximum hour comes In the
evening between 7 and 8. This is th. time
hen the wires are used for "visiting."
The Webster exchange gets about 8,900 calls
during this hour and the Harney about 3,500.
By means of this vast and complex ma
chine all th. wonders of modern telephoning
are made possible. There is no doubt In
anyone's mind nowadays as to the con
venience of having a telephone in the home
and the absolute necessity of It in a busi
ness office.
elsewhere. One of our own great savings
banks dates from 1816, as does one In Phil
adelphia, and it is In the United Rate,
especially In the east, that savings banks
have sustained their greatest development.
By th. latest available report of the comp
troller of the currency there were In this
country more than 1.400 such banks, having
nearly 9.000.000 depositors and with aggre
gate deposits approaohlng $4,000,000,000.
When one looks back upon the man who
set this weighty force In motion, the view
Is altogether pleasing. Henry Duncan, min
ister, was the son and the grandson of
ministers. Weighing the number and ex
tent of his activities, it seems a wonder
that he escaped being denounced as a
Jacobin. It Is known that he did fall un
der suspicion, as not quits "sound" theo
logically, because of his sesi for education,
manifested by his pnrlnh library, his science
classes, and his "conversational Sunday
lectures." Yet In behalf of such objects,
and his cherished purpose of the savings
bank, ha "squandered ease, expense and
time," and his severest critics within th.
bounds of the presbytery must have found
In him "the root of the matter" when h.
crowned his career by a final act of sac
rifice for he, with his two sons and his
son-in-law. all ministers of the Church of
Scotland, "went out" In th. disruption of
1R. Boston Transcript.
CENTENARY OF SAVINGS BANKS
Orlaln and Growth of Thrifty Idea
Conceived by Scotch
man. In the little town of Ruthwell In southern
Scotland, there has recently been celebrated
the centenary of the first savings bank.
It Is true that, previous to 1810, there were
In England and other countries a few asso
ciations for saving; but the savings bank,
In the sense which we attach to the term,
had Its real beginning with Henry Dun
can, Presbyterian minister and philanthro
pist, who, In a period of exceptional dis
tress, kept down the poor rates of his par
ish by persuading people to help them
selv s.
In Dr. Duncan's time, a stocking, a chink
in the wall or a loose board In the floor
offered the only ways open to poor people
for keeping surplus money. Th. banks then
existing did not accept sums under flO,
and to attain to the height of affluence
represented by that amount was by no
means easy. If on. was known to save,
he might be spied upon and robbed, or he
might be deprived of his money under the
polite disguise of borrowing, or, in an
Imagined emergency, he might fall back
upon the reserve fund and use it needlessly
and somewhat recklessly. . Dr. Duncan be
lieved that these dangers could be obvi
ated by a savings bank. Once their money
was safe In its keeping, he thought, people
would not break In upon the little hoard
except for some urgent reason.
This was plausible enough; yet there were
difficulties. The poor were suspicious;
politicians, Cobbett, tha London Times, the
banking Interest opposed. But tha deposits
In tha pioneer bank at Ruthwell, which In
the first year, 1810, amounted to only 151,
rose In the fourth year to i'J22, and, mean
time, the generous Idea was being taken up
German-American Life Insurance Co.
OMAHA
Wo Write the Kind of Lifo Insurance It Pays to Buy
Wc have paid a larger percentage of dividends to policy hold
ers based upon Cash Surrender Value of policies, during the history
of the company, than any competitor.
We led the world on gross volume of Legal Reserve Life in
surance gained in Nebraska in the years 1908 and 1909.
I
The Columbia Fire Insurance Company
Omaha, Nebraska
January 1, 1010
Auets $1,284,723.99
Capital folly paid . 200,000.00
Net surplus 191,413.13
Security to policy holders 1,253,273.49
Losses paid 1,303,839.59
Losses unadjusted 9,550.60
Losses adjusted and unpaid NONE
ABSOLUTE SAFETY FOR POLICY-HOLDERS
It settles its losses promptly and equitably. '
A SHARE OF YOUR PATRONAGE SOLICITED.
Home Of floe Merchants National Dank Oldo. Pksnt Doo!u 451
SEMI-ANNUAL STATEMENT
of
German Fire Insurance Company
Omaha. Neb.. July 1, 1910
CASH CAPITAL $100,000.00
Premiums Written
Cash in Banks and Office
Assets -
$134,455.05
31,523.24
256,623.09
OFFICERS:
JAY E. WHITE, Pres. JOHN WALL. Vice-Pres.
C. W. HICKS. Sec. F. P. COWDERY. Asst. Sec.
H. W. HICKS. Treasurer
DIRECTORS:
Jay E. White C. W. Hicks Ed. P. Smith H. W. Hicks
John Wall F. H. Myers C. J. Miles
HOME OFFICENo. H02 to 1212 City National Dank Building.
Insure Your Property in the GERMAN FIRE OF OMAHA.
A GOOD RELIABLE HOME COMPANY
