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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Aug. 31, 1910)
TEE BEE: OMAHA, "VTEDNESDAY, 'ATJGUST 31, 1910.
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Rrp.we.rs and T fnnnr Denlers
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OMAHA BANKS ARE SOLID
Move Erer Onward and Upward Tear
MAJTT BEZX LARGEB QTTABTER3
Tearlr All the Baaks of OaUt Art
Foro4 te Seeare Larger Hobh
to AeeerasaoAate There
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
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
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
WHOLESALE LIQUOR DEALER
1209 Douglas Street,
Telephone 302. OMAHA, NEB.
WINES and LIQUORS
1307 DotjIu Street, 0HAHA, NEB.
f- i ""w m Winn
' 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
is a question; but In all probability not
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
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
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
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
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.
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
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)
"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
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)
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.
MAIL AND TELEPHONE ORDERS PROMPTLY FILLED.
UdJ Clerk In Atteaduet. 3. E. Cor. Slitrailb tai tmtm Sis.
JETTER BREWING COMPANY
Phone No. 8 SOth and Y Bta,;
SOUTH OMAHA, NEBRASKA
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.
Absolute Purity, Scientific Froce
of Manufacture has made this
eer off .Quality"
. - ,js
j8Tr a . iwiJMi N
t f i "i , i i p ISifll m II j I iff
Metz Bros. Brewing Co,
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