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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Aug. 31, 1910)
1 1 TEE BEE: OMAHA, "VTEDNESDAY, 'ATJGUST 31, 1910. .'-v: i i i it -. ,1 ITlli-l I int.,' i l ( itln- ili nill fivi Rrp.we.rs and T fnnnr Denlers . r li-iV- 1 Lv VVi ef . I .c 4 A . . tar it i mi ! I? i ? ! it s i i (I : ' Is. , I ! ; ; i II r) i OMAHA BANKS ARE SOLID Move Erer Onward and Upward Tear by Year. MAJTT BEZX LARGEB QTTABTER3 Tearlr All the Baaks of OaUt Art Foro4 te Seeare Larger Hobh to AeeerasaoAate There Grontag Dqiiiina. On th first business day of 1910 the bank clearing of the oitr at Omaha panaed the K 000.000 mark. On tha l&flt business day J of July they exceeded tna clearing! of tha same day In 1909 by tha amount of $.1,994.31. For tha whole month tha clearing this year amounted to $62,234,401.48. again at $58,274,770.15 la July , Total clearings for tha year 1908 of tha Omaha banks made a total of $736,228,668.93. This was a gain of tS3.tW9.701.ff7 over tha 1908 total. So the story of the growth of the bank of Omaha In solidity and In Influenoe can be traced through all tha years. There has never been a backward step. And while we are starting Into these banking flirures It will ba well 'to keep In 'mind that when tha state capital waa located at Lincoln within tha Ufa time of a middle-aged man tha total assessed valuation of tha whole wealth of Nebraska waa approximately $4,000,000, Tet In 1888 tha bank clearings of Omaha reached tha figure 1297,4.12,370, and ten year later, at tha close of 1910, the total was double that, with $140,360,820 left over, as set out la the second paragraph of this article. The working capital on which this enor mous business is done by the banks of Ne braska's metropolis totaled on June 80 last, $4,5I4,73S.9J. This represented the resources set out In tha bank statements, to which might be added tha $2,79,S.67 ot surplus and undivided profits. Of the resources $T2,e5,258.25 were credited to Omaha and the balance to South Omaha, while tha Omaha surplus and profits totaled 2,KB,Sr.48 and tha four South Omaha banks had tha bal ance. Baaks tbe Heart of Trme. Oashler J. W. Thomas, of tha Corn Ex change National bauk, has thas put Into mall oompass the kernel of hanking sense: "Banking la tha heart of the body oom nerolaL It receives, distributee and cir culates the blood. It must be vlg-orous, steady, reliable well protected within and without. Money is the blood that circu lates in. nourishes and perpetuates this body It must be pure, substantial and responsive to demand or need under all VarylnC conditions." This brief oharaoterla&tlon, eonvejine; so much meaning, can be applied to the banks of Omaha with absolute truthfulness. They have proved their claim to sound financial health through a great many severs tests; and their ctroulatton has always been of the bent. Their business has been clean, their assets substantial, and they have been re sponsive to every fair demand through peace and through panlo alike. This reputation, founded through a long series of good and bad years, is today the one best asset and advertisement of the local banking Institutions. It is practically represented by deposits running close to $50,000,000 at tha present time. There is probably not a town or city In Nebraska that does not get some benefit, more or lees, from the strength and tha richness of Omaha's banking lnstltutlona The ramifications of modern credit. Inter woven as It is with modern business, are such are were undreamt ot In the earlier days. The small business concern at the cross-roads Is connected with the big whole sale house on a credit line, usually; and the. whoiesaele house, in turn, Is anchored to some sound bank which knows Its ca pacity and is ever ready to back its busi ness to the full limit of safety. The same is true of crop and stock movements, ss of purely commercial business. When ready money is required, at certain times of the year, the banks in large centers like Omaha have perfected arrangements to supply it Banks Hela Boslneas. In this connection It can be set down that no group of financial institutions any where In the country,' even in much larger cities, is better prepared to bold up tha business of the territory tributary to them than the banks of Omaha. On June 30 last there was in the vaults of these banks cash to the amount of $12,38S,000. That re serve of coin of the realm would go a long distance through arterines of business If the need arose. One bank here had about $4,000,000 on hand, another had over $2,000,000 and a third well onto $1,600,000. South Omaha banks had $3,418,000 of the cash re ported. The capital stock of the eleven local banks totals $4,450,000, of which $$00,000 Is credited to the four South Omaha institutions. Circulation, based on government bonds, amounted to $2,766,850, with $011,100 charged to SouthgOmaha banks. Banking houses and furniture are given a value of $1,048,122, which Is very con-1 servative. In this matter of banking houses this olty will very shorty take its place away , up In front. While the present homes of the banks are not to be sneesed at, they are all too small, or so located, in several Instances that a change is Im perative. ' The Corn Exchange, for ex ample, but a short time ago opened in one end of a department store. It was but a few months until the new bank was com pelled to seek more commodious quarters and a building was remodeled for Its ac commodation. How long this will suffice rUI H oil JUUJHTUCXT BOTTaV Importer of Trenoh Bran diss, Sootoh BOWS AJTD BASTBBir BTBaV Whiskies, Champaf-aes, Clarets, Bbine XiBJPBCIAXJjT WIWWIOK. II II Wines, gores and harries II u II JOHN LINDER WHOLESALE LIQUOR DEALER 1209 Douglas Street, Telephone 302. OMAHA, NEB. C. SCHLANK&C0. WINES and LIQUORS 1307 DotjIu Street, 0HAHA, NEB. f- i ""w m Winn Have You Ever Tried S1V x WswiK ' Jgi: , ' THERE IS SOMETIMM; P,.V akcticajiootcooo Viifefcr ; vi 1 'Highly Matured in Wood 1 Bottled in Bond m HERS PlIREKYEwmsKEv-1 SlXNIURD DlSTttUNCX DlSTRIBUm'OCO. DistiilsryN?! Distb of Neb OUARANTCtO tlNOE MA vt rooD tAvVS tlWDIW tmi runt food law only "au hvi- whhki can is labku o"puRt v-' It's Excellence Will Surprise You is a question; but In all probability not many years. New Beak Ballalaars. When the City Savings bank waa con verted into a national and the capital in creased materially, to permit of a more ex tensive clientele. It became necessary for the officers to consider a new building and a different location. The result Is a grand structure, the hlghasi' building In tha city, erected at great cost, but promising profit able returns In rentals almost from the day the building Is thrown open to tenants. The lessees are even now moving in. Tha Omaha National, holding a location where its whole business Ufa bas been spent, deolded to move further up town. So it bought the New Tork Life building, and directed architects and builders to practically reconstruct the interior of tha basement and first floor. This work has been going on for months, and within sixty days, probably, the crowded quarters In the old building can ba vacated. The work crowded is used advisedly, as for several years the growth ot business has been giv ing serious ' concern to its officers, who saw the need for vastly greater accommo dations. As soon as some leases expire on build ings adjoining the United States National that bank will proceed to enlarge Its bank ing rooms to double their present capacity, and will also add several stories to tha present structure, which will bring it Into the skyscrapper class. Tha Nebraska National has also made the announcement that it will build a large modern structure to accommodate Its grow ing needs. It seems not at all Improbable that tha other down town banks, with the possible exception of the First National, which. In tha beginning allowed Itself a generous area In banking room, will shortly find it necessary to change location or enlarge tbelr buildings. Basic aartera Elaborate. In finish and general arrangement for the quick dispatch of business tha new bank ing rooms of Omaha will compare most favorably with any In the land. While there will be no necessary fusslness in fitting or decoration, tha artistic features of places where a great portion of the business publlo passes through every day are not to be neglected. Marble, mahogany, brass and glass ars being called Into play, as accessories to space, conveniences, light and ventilation. Special rooms are being provided for women oustozners, where they ean feel entirely at home and bave the benefit of all faculties wbloh experience dictates as being necessary. In the matter of safes, too, and safety deposit departments, the Omaha banks are equipped with the very bast that mechan ical ingenuity oan suggest or produce. To move some of these from old quarters to new is tha work of weeks of toil by the cleverest workmen. To get Into them through felonious scheming is considered quite impossible. The safety deposit vault branch of banking baa grown with enor mous strides In recent ysars, and to meet the publlo demand large sums of money are Invested in this feature. What may properly be considered a quite Important element of modern bank ing is embodied in the building and loan associations. They receive and handle great sums of money in the course of a year for investment, and their earning capacity Is well proven. Two of these as sociations In Omaha have combined re sources totalling over $9,000,000, with un divided profits exceeding $28,000, on July 1. They have real estate loans to the amount of $8,297,985, and one of them shows a gain In resources for the first six months of this year amounting to $801,933. Help Home Builders. Thousands of borne owners, home-contract holders, and Investors are concerned In these building associations, and to these thousands they ssrve tha purpose ot sav ings banka in which absolute confidence Is reposed. Amounts ranging from $1 to $6,000 are received for investment, and people ot small means, of good character, do busi ness with these associations with mutual profit Their usefulness has been greatly widened In recent years, since the growth of Omaha has taken on new life. Loans to Individuals on pass book security, and In the way of stock loans, are steadily growing and the loss is practically nil. With cash on hand and in banks to an amount exceeding $400,000 on July 1, It will be seen the building associatlona are pre pared to hold up their end of the financial structure In good shape. They have in their reserve funds over $200,000, and their yearly transactions run Into the millions. So carefully have the Omaha associations been conducted, they are rated among the best In the land. While the banks of Omaha today appear to be almost at the apex of their success and usefulness to this city and the stats of Nebraska, men familiar with their growth and prospects insist that in the years Immediately ahead they are destined to taks svan a higher place. This much seems certain, tha man at the head of the various institutions know their field and have the fullest confidence In Its capacity for development. This appllea not only to wealth as calculated in prolific land, but also the manufacturing field. Omaha bankers, In common with farsighted busi ness men In ths other walks of commercial activity, ever stand ready to give support to commercial venturea based on proven facts, and Omaha Is steadily feeling the good effects of this polhy lr. the Industrie, being added to her lint. ' IMPLEMENT BUSINESS HUGE Volume la Expected to Reach the Eaornaoas Sam of Sle.OOO,. OOO This Year. Omaha's Implement and vehicle business will smount this year to $14,000,000, probably a little more. An accurate Investigation mads early In January showed that the total for 1906 was a little more than $1J.. 000,000. and there is ansursnre that the In crease this year is between II and U per cent. Everyone connected with the trade be lieves that this iDli nrlirl mnrtm i. .-...I.. ' to be Improved In the next few years, due la. At 1 m u in. increased agricultural development of territory commanded by Omaha Jobbers. These now have absolute supremacy In the Implement Una, as well as In many others, over weatern Iowa, all of Nebraska, south ern South Dakota, eastern Wyoming and Colorado. This territory is rapidly Intensi fying Its agricultural efforts, lands which were once held to ba arid ere going under T. F. Stroud Co. F. 8. MclAffej-ty. 1 C. O. Nelson. Alamo Engine and Supply company. Allen P. Ely Co. Lauson Oaa Engine and Supply company. Olds Oaa Power company. Fairbanks, Mono Co. Rsrn-o Manufacturing company. tempster Mill Manufacturing company. The implement trade in this vicinity baa been served twenty-four year by a spe cial publication In ltt own field. "The Weekly Implement Trade Journal." the plow, and tha demand for farm ma chinery grows most constantly. Jobbers ot implements in Omaha carry some of the largest stooks known, and one house alone la supposed to bave $4,000,000 worth almost constantly on hand. What the total value ef stooks is no man la in a position to say, but that many millions of dollars' worth are kept hers is a certainty. Jobbers and manufacturers of agricultural Implements have a little organisation of their own, whloh exists to promote mutual Interests and friendly feelings, but it is In no sense a price-fixer. Competition be tween the various bouses is as keen as be tween any other set of business men In the world. This organisation la known as the Omaha Implement and Vehicle club. It came into being three years ago, and E. A. Hatfield ot the Kingman Implement oom pany waa chosen president, a position the club has Insisted ever since that he con tinue to hold. The agricultural implement business has grown mightily diverse in recent years be cause the farmer has found that new ma chinery of all kinds Is necessary to him. In this connection the wonderful development of the gasoline engine has played a big part and motors of this kind are being not only sold separately, but as an Integral part of machine after machine. It is a long list. Just the names of ths companies and firms whloh ars engaged In Omaha in the Implement and agricultural vehicle business, and while a few are small the great majority have enormous ware houses filled to the root with every sort of harvester or cultivator, harrow, plow, thresher, stacker, cornplanter, reaper, rake, manure spreader, seeder and mower. Also the automobile. Several of the larger companies some time ago found It a profitable soheme to utilise- their highly specialised equipment and offices of distri bution for the sale at wholesale of motor cars, and this collateral branch ef the business has grown to tremendous propor tions. In. Omaha these Jobbing firms are en gaged and In addition to them as much businsss la done in Council Bluffs from whloh Omaha receives a valuable indi rect benefit: , Central Implement company. John Deere Plow company. . Einerson-Brantlngham company. Kingman Implement company. Llniger Implement company. Nebraska-Mollne Plow company. Parlln & Orendorff company. Kaclne-Settley company. Wagner Broa. Western Rock Island Plow -company. Avery Manufacturing company. International Harvexter company. Acme Harvesting Machine company. Brigga Implement and Supply company. J. I. Case Plow works. Grand DeTour Plow company. Hayes Pump and Plantar company, Henry V Allen. Herschell Manufacturing company. Independent Harvester company. Janesville Machine company. Kansas City Hay Press company. T. O. Northwall company. J. B. Patterson. Peters Kdholm company. Smith Manufacturing oompany. Sterling Manufacturing oompany. HORSE IS STILL A FIXTURE Despite Oaelaeaht ef Aatemehllee, Basis Is a Great Faetev la , Cltr Life. When automobiles first began to crawl across the continent, headed from the east to their conquest of the west, cynics said. "It is goodbye to the borne." At that same time ethers - looked around and de clared with the delightful peesismlsm of those who see trouble for others, that ths livery stable people would have to go out of business. . Neither haa proved a true proph eoy; the horse Is still with us, even In motor-made Omaha, and the livery stables still fill an important part in the city's life. In fact the livery stables are equipped with more up-to-date rigs, better horses and pay more attention to turning eat smart and well-cared for rigs than eve before. Tbey fumiah oarrtage for the Joy fill and sorrowful eoraslona and have M undisputed place in the city's life. "What makea your pen scratch so, papaf asked small Ethel of her father, whe was) writing. "Tha paper, my dear," he replied. "Wen. surcested Ethel, yo sboeaf, get some paper that doesn't tteh se baa.' Dlakel'i Caaoe.de Tennesaee Whiskey par Quart Qockenhelraer Whiskey (battled In bond) full quart . Bond Lillard full quart Cedar Brook (nil quart Ovorholt Rye full Quart , Maryland Rye, I yeara old full quart. . . Par Dillon . . . . , Tenceasea White Cora (Moonshine) A I 81.25 81.00 J 11.25 JU.00 81. (X) .75t $2.50 75 Per gallon , . Home-made Grape Wrrta (white or red)- per gallon . . , Extra Fine Port Quart bottle, loo, S&o a Per gallon, $1.00, $1.50 and Imported Italian Olive Oil full quarU... Burnhaxn'a Clam Bullion pinta. ....... . Small bottles, two for Rax Beef Extract, 2-oa, jar . ... . ...... Plaher'a Beat Extract, 8-oa. jar Bight-year Kentucky Bonrboo per gallon. 1.00 50e $2.00 ...25a .20 $3.00 MAIL AND TELEPHONE ORDERS PROMPTLY FILLED. (CA.CMIL.Elf BROS. wine: merchants UdJ Clerk In Atteaduet. 3. E. Cor. Slitrailb tai tmtm Sis. THE PERFECT BEER JETTER BREWING COMPANY Phone No. 8 SOth and Y Bta,; SOUTH OMAHA, NEBRASKA OONSUMKRS DISTRIBUTERS Omaha HUGO F, BELZ, 1824 DoocUa Btreet. Phones Douglas 154U2; Ind. A-104a. Sovth Omaha WM. JBTTER, 254)3 If Straete Phonos: So. 808; rnd. F-18418. Ooentefl Bluffs IKO. MlCHELJj, 1018 Main Btreet, Both Phonea 80. 3 lr he e 1? TtMiWirjHtIWHIrWVVWrqWr Ooialhiaps Favorite Absolute Purity, Scientific Froce of Manufacture has made this eer off .Quality" "The M E Z . - ,js j8Tr a . iwiJMi N t f i "i , i i p ISifll m II j I iff Metz Bros. Brewing Co, Omaha, Neb. IT 4 -1 4 a