4
1 Tft
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In
XUL btih.: U.MAHA, fcUNDA. JANUAK 1, IV'H
3 U
Steady Growth
Shown in Omaha
Savings Firms
JJuilding auJ Loan Atgocia
lions Show Cain ot $l,
Cll.OOOio Year $269
Per Capita.
The building, living, inj ijan
nciationj of Onulia during 1921
forward at McJy, titn
puce, rnrrcaing the aoiiyof vavitig
leoplc on tlie way and ' disbursing
t lie usual temi-aiinual earnings with
which the follower of Old Man
Thrift arc tickled and .encouraged.
Not one of the 10 mnociationi in
the city faltered by Ahe wayside or
lecreased the regular dividend rate.
In every instance earnings equaled
or exceeded dividend requirement.
F.arnings dibursed during the 12
mouths amounted to $2,2J4x, of
which a little o'ver 50 per cent in
cash or credit ttiis morning calutcs
the 75.000 meiuUcrs with "Happy
Xcw Year. f
YKesotarces $53,923,321.
The resource of the 10 associa
tions totaA 5.1,0.U2I, a gain of
R2jl.(p0 in the year. This mean
a savi,iig per 'capita of $J69 for the
city's population of JUO.OtM), a ratio of
UvrVlt which places Omaha at the
i -ncad of the column of cities in its
J population cIjm. About 8X) of the
new homes built in 1921 were
financed by the associations, thus
.substantially relieving the housing
Mtuatiou.
Assets of the associations follow:
Omaha t.nan ami Uullrtlng 5".:9,m")
Cnnrvattv Hnvinn and Lnun. lH.flM.Ooo
Ornldnal Htjiltllnff and Uin.. .7M1
Xftbrahka Savlniza alitl l.nan.... 2.n:iMI3
'omnirelfll Havlnga miiNJ'OMli. 1 ,r.IIST
lankra Having ani Loan.... 1 h7.1 7H
Prudential Kavlnjra amt Loan.. M9.ono
Slat havings and Loan 6n,
Knnla Kavlnra and Loan J3M.T6
Mutual Pavinga and Loan 2Z,iii
"Back to Normalcy." I
A notable feature of the semi
annual reports is increased legal re
serves and the cash and liquid assets
available for the customary with
drawals at dividend periods and loan
demands.
The reserve 1 funds aggregate
$1,565,000, and cash and liquid assets
total $3,500,000. 1
Association managers express the
view that the home loaning business
is "back to normalcy," and anticipate
a year of moderate progress in. build
ing and home-getting, increased
economy and solid, satisfactory bus
iness growth.
City Spends $1,136,860
On Improvements in Year
City Commissioner Joseph Kouts-
ky of the public improvements de
partment reports Jhat the estimated
cost of the new paving, sewer and
sidewalk work and the grading done
during 1921, under supervision of his
department, amounted to $1,136,860,
divided as follows:
Grading, $96,840: paving, $491,000;
sewers, $448,700; sidewalks, $100,320.
During the year 5.8 miles of new
paving were laid and 14.7 miles of
new. sewer constructed; also 19 miles
'' cf new sidewalks.
There are now 252 miles of perma
' nent paving in Omaha, 418 miles of
sewers and 608 miles of sidewalks.
Bonded Indebtedness
Of Omaha $28,92 1,288
Financial data, City of Omaha.
The outstanding bonded indebted
ness follow i:
Municipal , llMlltll
Water ,. ......., T.toa.ftfii
I .
ftcbool dlalfiit ......,.,.,. I.HMto
Tatti . :m:i.iii
The outstanding municipal bond
include the following1 amounts which
were assumed by the metropolitan
city at the times when annexation
v.ere accomplished: South Omaha,
J997.188; Dundee, $156,300; Benior,
$74,500; Florence. $83,000.
The astetsed valuation of Omaha
for 1921-1922 is $326,162,292. A
bonded debt limit of 5 per cent of
the valuation is imposed by state
I JUT.
The school district sold $2,500,000
ot bonds on May I, ivjt, and will sell
the same amount during the next
few months, the total of $5,000,000
having been authorized by voters at
the last schoJl bond election.
Increased Birth
RalcHcreinl921
Total 5,(H: Compared With
4v0l iu 1920 Deaths
Also Increase. .
Vital statistics for 1921 the last
week of December beinjr estimated
show a total of 5,042 births, an in
crease of 12 per cent ever 1920, when
the total was 4,501.
On the basis of 200,000 population.
Omaha's birth rate for 1921 was 25.2
per 1,000 of population, as against a
rate of 23.4 in 1920 and 18.S in 1919.
Total deaths for the year were
2.835; for 1920, 2.770. Although
there was an increase of total deaths
in 1921, the total deaths of children
less than 1 year were 362, against a
total of 415 m 1920.
Figuring a normal increase of pop
ulation, the death rates of 1921 and
iy20 are almost the same.
The following are comparative fig
ures of communicable diseases re
ported during the last year, the last
week of December, 1921, being esti
mated: i-t i;t
Smallpox 4 4S1
Srarlet fever S4 7S5
Plphtharla 569 407
Thicken pox .-. l 451
Meaales 39 1,141
Whooping cough M
Mump
Typhoid fever 40 lA
Eryalpelai i 24
Anthrax '. '
Bplnal meningitis 4 2
Deaths due to diphtheria in 1921
were 80; in 1920. 38.
Pneumonia and tuberculosis main
tained their lead as the principal
causes of death during the year.
10,675 Books Added to
Omaha Library in 1921
Th Omaha nublla library ave out tha
fr.iinurinr atatlstlca of the use of the
library for 1921:
ttmUa In th llhmrv nvatem 168.6?.
Booka added durln 1921 1M76
Library card holders 47,620
Booka Borrowed lor noma nae:
Main library !7.9
South Side branch S0.M8
Deposit stations (IS)... 27,8!J
Classroom libraries (138) 4S.SS
High school libraries
(3) 1H.76J
Total .......... 669.JM
Increase over 1920 42,049
nmh.r unlna- readlna and refer
ence rooms at main library 8S.7S9
Increase over 1920 5,153
Statement of
Nebraska Savings and
Loan Association
211 South 18th Street, Omaha, Neb.
At Opening of Business January 1, 1922
RESOURCES
Real Estate Loans $1,792,275.00
Loans on Association Stock 41,984.81
Real Estate Sold on Contract 2,674.83
Real Estate .. NONE
Loans in Foreclosure 4,190.32
Accrued Interest on Bonds and Warrants. 4,054.06
Interest Due From Borrowers 109.50
U. S. Liberty Bonds. ...... .$61,584.40
Municipal Bonds and -
Warrants 62,366.10
Cash on Hand and in Bank.. 66,376.47-r-, 190,326.97
' , $2,035,615.49
. LIABILITIES
Dues Paid and Dividends Added. . .. . . . .$1,949,383.22
Reserve Fund '. 43,600.00
qndivided Profits 13,509.05 "
Incomplete Loans 29,123.22
,j . $2,035,615.49
4 HOME OWNERSHIP IN OMAHA
Federal census enumerators counted 44,499 dwellings in
Omaha in January, 1920. Of this number 21,028 dwellings were i
owned by the occupants, 22,453 rented and 1,018 of undetermined
ownershin. Among cities of 100,000 population and over the
census office ranks Omaha fourth in home ownership, with a psr
centape of 48.4. . ' -
During 1921 the Association made loans for the building of
83 homes. New homes had first call on the Association's resources,
thus serving the double purpose of relieving the housing situation
and increasing opportunities for employment. But in all cases
inflated wartime costs of building were deflated to the bounds of
safety.
the Association's statement shows a substantial gain in assets
and new business, a gratifying increase in membership, and earnings
ample for the regular annual dividend of Six per cent.
One Dollar starts an account. Any sum up to $5,000 received.
OFFICERS AND DIRECTORS
THOS. A. FRY, President
Fry Shoe Co., 16th and Douglas
MAJOR R. S. -WILCOX, Vice
President Browning King & Co., 15th and
Douglas Streets
C. F. BRLKMANr, Treasurer
Asst. Cashier U. S. Nafl Bank,
16th and Farnam
0. D. KIPLINGER
Cigars and Tobacco, 1808 Far
nam Street
J. R. BRAXDT, Secretary
211 South 18th Street
BARTHOLOMEW JULIEN
General Foreman Car Depart
ment U. P. Railroad
WfLLIAM G. URE
Omaha Fixture & Supply Co.,
1101 Douglas
THOMAS F. GODFREY
Pass. Agt. M. P. Railroad,
National Bank Buildini
BYRON R. HASTINi
Hastings & Heyden, Real
1614 liarney
E. M. MOBSMAN, ,
Attorney, 628 Kccline
THOMAS J. FITZMORRIS
Sec' j State League Building A
Loan Associations
1921 Good Year
For Land Bank
Here, Head Says
Burdch Increase! Rapidly
Following Favorable De
cision on Farm Loan
Act Suit.
A suit attacking the constitutional
it of U federal farm loan act,
brought against the federal land
banks in 1920 and which was for a
long time in litigation, practically
tied the hands of the banks and acV
tivities were curtailed.
With a decision in favor of the act
February 2, 1921, banks began re
timing activities and the Federal
I.nnd bank of Omaha has just fin
ished a satisfactory year, according
to reports bv D. P. llogan, presi
dent. Total loans lor the year were
$9,257,200.
$100,000,000 Bonds Sold.
In May $40,000,000 of S per cent
20-year bond were sold, and in
October another issue of ?60W0,000
was sold, dales ot Dotn issues great
ly Increased the fuuda available for
loans. The total amount of first
mortgage loans outstanding shown
by ttatei in this district follows:
iti ...,.i:t :un
Nabruk IT.Mt.Mt
Aoulh Pakota J7..... Til.lH
Waialn l.TM.ioo
Tola)., a. .v.. IM.UT.IH
Net earnings for the Omaha bank
for 1921 were $400..159,8I. and the
present capital is $J,124.8J0. turn
ings for the year on borrowers' stock
were about 8 per cent. For the first
six mouths a dividend of 6 per cent
was declared on borrowers' stock
and for the last six months a divi
rieud of 8 per cent was declared on
the same stock.
' Loans Stand Up Well.
"While prices of farm products
have been very low the past year
and agricultural' conditions have been
bad. loans of the Federal Land bank
of Omaha have stood up well," Mr.
llogan reports.
"Very few amortization payments
remain past due and it has not been
necessary to foreclose a siiiRle
mortgage. The stringencies the
farmers have encountered the last
year have proven the advantages of
this long time co-operation amortiza
tion plan of handling farm loans.
"The bond market has improved
very rapidly during the last few
months and a large issue of Federal
Land bank bonds will be offered to
investors in February," Mr, llogan
says,
Training Center
Nears Completion
Bcllcvue Hospital for Dis
abled Soldiers to Open
. In January.
Rcllevue training center and hos
pital W expected to be opened to
wounded and disabled soldiers for
vocational training and medical treat
ment about the middle of January,
according to 1C. II. Dunaway, train
ing center supervisor.
The college buildings which are to
be used for the hospital and school
have undergone extensive repairs. All
equipment is at the school now and
being installed. Scarcity of lioleumn
for the floors has retarded furnish
ing the rooms which will be used by
the ex-service men.
According to Mr. Dunaway, the
school will open with at least 150
men who, while receiving medical
treatment, also will be given in
struction in some vocation. Several
instructors already have been en
gaKed. Bcllevue college was leased by the
government several months ago for a
period of five years as a training cen
ter for disabled soldiers.
at opening of business JANUARY 1,
RESOURCES
Real Estate Loans
Stock Loans
Office Building
Real Esate
Real Estate Sold on Contract
Accrued Interest on Real Estate Loans
Accrued Interest on Securities
Loans in Foreclosure
State and Municipal Securities . -
Liberty Loan Bonds .-.
War Savings Stamps
Cash on Hand and in Banks, f
1922.
$8,326,852.09
42,833.14
248,000.00
NONE
24,835.20
48,049.71
7,688.29
78,972.04
56,898.19 ,
237,800.00 -266.22
., 306,469.06y
, $9,378,663.94
LIABILITIES
Capital Stock $8,917,140.03
Incomplete Loans 59,693.89
Contingent Loss Fund 401 ,375.00
Undivided Profits : 454-97
This Association began doing busi
ness about 30 years ago in a small
way and now has nearly $9,400,000
assets.
. The Association is under the direct
supervision of the State Banking
Department, with funds invested in
first mortgages on improved real
$9,378,663.94
estate and U.S.Liberty Bonds.
The Association has set aside a
Contingent Loss Fund as Undivided
Profits amounting to over $400,000,
which assures ample guarantee for
principal and dividends.
At this time we solicit accounts
from $1.00 to $5,000.00.
John V. Flack. President
R. A. McEachron, Vice Praaident
Gee. C. Flack, Traaaurar
OFFICERS. AND DIRECTORS
E. N. Bovall, Secretary
John. T. Brownies, Aaat. Sec.
Robert Dempater
Office 322 South 18th Street
Telephone DO uglas 3326
Dividends Payable Quarterly
Omaha Makes Convention
Record la 1921-, 149 IJelJ
Omtha etublikhcd convention
record the lat year, with 149 con
ventions with s total attendance of
.18,616. The convention list does not
include Ak-Sar-Ben, the Automobile
how and the Building show, attend
ance at which brings he total to
140.000 person.
Hit ereatet number of conven
tions held in Omaha in any preced
ing year (IV19) wis 112. with total
regulation of 35.8-48. In 1.'0 there
were 107 conventions, ith a total
regiatraticn of 25,544.
The figures show up to betfer ad
vantage becaue Omaha, with its
ethical agreement with the Kstlonsl
Atociatioa of Convention Bureaus,
does not offer bonuici or any p
cial entertainment to sttract conven
tions Omshaward.
i'lsna (or the coming year provide
for sending representatives to big
conventions and making personal In
vilations to come to Omaha.
FINANCIAL STATEMENT OF THE
Omaha Loan and Building Association
December 31, 1921
'assets
Loans on First Mortgages $18,622,102.76
Loans on Association Shares of Stock 318,809.97
Interest due from Members '. . 8,666.70
' Real Estate acquired through foreclosure 2,715.14
Foreclosures pending 8,285.12
' Furniture and Fixtures 15,000.00
Association Building , 454,827.11
Sundry Persons and Accounts 18,319.14
Cash on hand and in banks 455,615.29 v-
Bonds and Warrants . . 314,283.11
Liberty Bonds .' 51,300.00
TOTAL ASSETS $20,269,924.34
LIABILITIES
Running' Stock and Dividends $18,591,506.92 '
Paid-up Stock and Dividends ..... . 886,940.93
Due sundry persons on acccrtiftt incomplete loans. . . 281,538.51
Reserve Fund and Undivided Earnings 509,937.98
TOTAL LIABILITIES $20,269,924.34
Dividends earned for members during the year .....$ 884,553.29
Dividends earned for members since organization $5,907,023.23
The members of the Association own it, control it and share in
its profits.
The objects of the Association are to encourage habits of thrift
among its members, to provide a safe depository 'for their savings, to
secure the largest earnings compatible with safety and to assist its
members in securing their own homes. "
You can become a member and share in its benefits by becoming
a regular depositor.
We pay 6 compounded semi-annually.
OFFICERS AND DIRECTORS
. W. R. Adair. Freeident
Chair ma a of Board CT. Hlllir Aaat. Scriar
aht. Vlco ProaWaiit I W. Perkins. Aaat. Socratanr
Vieo Praidant E.G. Millar. Aaat. Sacretarr
crotarjr-Treaaurar
R.J.Dinainf Sidney W.Smilfc
E. A. Parma lee C. O. Talma g a
M. M. Robortaoa
Northwest Corner Dodge and 15th Sta.
th 24th Street, J. H. Kopietr, Agent
"Thirty Years of Service"
Th npwati aninigs i&
hmu ABBmmtmm I Omaha
Under Supervision of State Banking Board)
Financial Statement, January l' 1922 ,
Loans on improved city real estate .$11,372,817.00
Loans on improved farms 4,570,650.00
Loans in foreclosure 58,682.75
Real Estate Sales on contract 66,741.95
Loans on pass book security 174,020.15
Accrued interest ' 60,718.66
Office building and lot 81,000.00
N. W. Corner 18th and Farnam (132x132), Future
Home of Association 240,000.00
Municipal bonds and warrants $151,043.44
United States bonds 593,720.00
Cash on hand and in banks 726,522.14 1,471.285.58
Total $18,095,916.09
Payments and dividends added . $17,214,365.62
Balance to be disbursed on loans 154,476.46
Undivided profits $ 27,074.01
Reserve fund 700,000.00 727,074.01
Total $18,095,916.09
We invite you to avail yourself of the service and
x security of our Association' for the accumulating
of your savings and the making of investments. '
OFFICERS AND DIRECTORS
Paul W. Kuhna, President J. Herbert McMillan, Treasurer
Edfsr A. Baird, Vice President Letter R. Slonecker, Attorney "
James A. Lyon, Secretary William Baird, Counael
Randall K. Brown E. A. Benton H. A. Thompton - John F. Flack
Charlet C. George ' Robert Dempater C. M. Wilhelm J. C. Robimoa
J. A. Sunderland Byron R. Hatting! A. W. Bowman A. P. Tukey
Office 1614 Harney Street, Omaha, Nebraska
South Side Office Kratky Brothers, 4805 South 24th Street
Safe Investments
Farm Mortgages
Exempt from Local Taxation
Amount Rate County . Acreage Valuation'
$ 2,500 7 Thurston ,80 $ 7,000
3,000 7 Cass 40 7,800
5,000 . 6 Thurston 80 ( 14,000
9,000 6 Dixon 160 ' 22,400
10,000 7 Antelope 317 36,860
Farm Mortgage Bonds i
Exempt from Local Taxation. t
Denominations of $100, $500, $1,000
$ 8,000 7 ' Boone 160 $20,800
10,000 7 Butler 174 28,650
10,000 6y2 Otoe 160 33,000
12.000 6 Burt . 320 33,000
21,000 C Loup 1,668 86,700
Municipal Bonds
Exempt from All Federal Income Tax Taxable Only One Mill
1 in Nebraska.
Amount Issue Maturity Yield
$70,000 Colfax Co., Neb., Ct. House 1946 4.60
25,000 Nebraska City, Neb., Gen. 1941 5.25
12,000 Curtis, Neb., Schools 1937-39 5.75 ,
11.50C Norfolk. Neb., Dist. Pav .1923-33 6.00
11,00c Omaha, Neb., Water 1941 4.50 .
10.00C Burt-Washington Co., Drainage... 1923-28 5.50
5,000 Omaha, Neb., Auditorium 1935 4.50
V 3,000 Council Bluffs, la., Funding. 1931 5.25
Local Securities
23,000 Omaha & Council Bluffs St. Ry. 5s. . .1928 S
20,000 Love-Johnson Coll. Tr. Notes.... 1922-3-4 7
Invest your funds safety through
this conservative institution
V aJ baJVl SllJ
Affiliated with
(Sht Httttei. State National Hank
1612 Farnam Street
Omaha. Nebraska
