Grand Rapids Herald-Review Newspaper, July 24, 1912, Page 27

ae —— SIXTEEN | SUPPLEMENT TO GRAND RAPID§ HERALD-REVIEW, WEDNESDAY, JULY 24, 1912. Wins a Home, Health and a Good Competency This was wooded four years ago.—Plowing the first week in May 1912 0n L. A. Wilman’s not far from Coleraine. , Nervous prostration—he had been teaching school twenty years—drove A. T. Reid from In- diana to Itasca county in 1901, under doctor’s orders to live an outdoor life. Now a_ school teacher, who has been incapacitated by nervous prostration when he is getting on toward fifty, his health broken and his savings spent, has not a very cheerful outlook. But pluck and _ Itasca county epportunities can accomplish wonders. Mr. Reid bought a homesteader’s relinquish- ment four miles from Deer River for $300. The homesteader had logged it off, taking all the tim- ber that was supposed to have any value, and had no more use for it. It was a sucked orange, and more than one person told Mr. Reid he was—well, foolish, The only improvement on the claim was a homesteader’s cabin, about twelve by fifteen, and into this mansion Mr. Reid moved with his family October, 1901. That winter he took off a little cedar that was on his land and the next summer he had a small garden, less than an acre, that had been cleared on the adjoining claim. His income for the first year is worth preserving. Se ue a re ee OT a a a OS a Te 2 Proceeds of cedar in winter....................-..----- $125.00 Garden products— 129 bushels onions at $1.25....$161.25 175 bushels carrots at 90c 157.50 40 bushels beets at 60¢............ 24.00 ——— 342.75 $467.75 Which with free fuel, free rent, all the fruit and fish one wants, free meat most of the time, free pasture for the cow, is a long ways from starvation. Also he doubled the size of his cabin that year. The second winter he was engaged to teach school in Deer River at $60 a month. He walked back and forth every day, four miles each way, and saved every cent of his salary, getting his living from the garden in summer. With the pro- ceeds he bought an 80 adjoining his claim, paying $450. But that was the end of his teaching, for he found it more profitable to handle cedar contracts and do a jobbing business in ties and posts, gradu- ally increasing his farm operations in summer. Two acres in potatoes will yield an average of 200 bushels to the acre. An acre in carrots and beets and onions will return seldom less than $500 gross. Three acres in clover gave last year nine tons the first cutting and six the second. After ten years in Itasca county, Mr. Reid, who came here a broken school teacher, without health or money, occupies a modern house with hardwood floors, furnace, bath room and other con- veniences. He puts up twelve tons of ice every winter and any time they want ice cream they have only to suggest it to the ruler of the house. There is a stock of jams and jellies put up from wild fruits to last the year round. He owns six hun- dred acres of land and splendid health. He clears two or three acres of land a year. It was logged off so long ago that nine-tenths of the ee a ae ak stumps can be kicked out or pulled with a chain by a team. About 24 acres cleared last year cost, for dynamite and hired help, $6 altogether. Add- ing his time it would not be more than $5 an acre. ‘“‘While I have been making a living in other ways,’’ says Mr. Reid, ‘‘in my cedar yard and so on, the land has been clearing itself. From now on I shall give more attention to farming but the time has not been wasted. We have got ahead, we have lived contentedly, and we have our health.’’ Grain Gives Large Yields. Grain growing is not followed in Itasca coun- ty to a great extent, with the exception of oats, for which there is a large home demand. Not because grain won’t grow but because the land is worth more in something else. On the State Experiment Farm, wheat has returned as high as 30 bushels to the acre, barley 40, oats 80. Some grain is raised every year to balance the rotation system, but it is an incidental product to the larger re- turns of other crops. All field crops do well.—Cabbage will return fifteen tons to the acre from a field like this on the F, F. Price farm near Pokegama Lake. Pe a as ee oe a ON SS a Oa a a OR aSeeteegeegoetoeogongongaregecgeseesesgesgortonongontnteegeegessocgongongensengoagontontonsentoeteeseeteeseesecgecsecseesecsengengansgusgesaesgengonsonsensensonseniosiongessessesseesee gegen + “oo < = oer oe & : $ Bank No. 385 - > : 2 ££ of NDITI EXPLANATORY STATEMENT OF THE ¢¢ = STATEMENT OF THE CONDITION e aia ; VT oe $ es or THE FIRST STATE BANK OF GRAND RAPIDS, MINNESOTA ¢ $ ‘ + + > > < FIRST STATE BANK As made to Superintendent of Banks, June 14, 1912 > 2, . ‘ ; P = * 5 s . 2. 2, > of Grand Rapids. Minnesota: at close of busi- We publish this complete statement for our patrons, and others who may desire to do business with one ¥ % + ? noss.on June's, 1912 of the strongest banks, considering unimpaired, available assets. anywhere. It will be our constant endeavor + + << RESOURCES to show to this community our appreciation, and invite business on the basis of our s'rength and reliability 9 Y % Loans and Discounts - $131,901 69 YY a + Overdrafts 12.88 < Y ~ s $$ Oise nd via ae RESOURCES LIABILITIES $3 anking House Fu ix- — ~ < « ae ei Roe oe 4,685.00 Quick Assets—Cash on Hand Capital Stock Paid in .---_-..---- $15,000.00 + + % % Other Real E 306.9% Gold Coin_________.--_----% 2,040.00 Stockholders who are under dou- > > ¢ = Due from Bank + pe eee agi 6 z a ¥ ¥ Cush on hand (ite Currency_ 2.774.00 ble liabilities according to the + + % S Currency Silver Coin..:__......-- -- 1,292.15 ; State banking law;— $ a + Gord .- Checks and Cash Items 883.01 $ 6,989.16 A. C. BOSSARD, Pres., Gen. Mgr. > > 4 BA ¥ One DEPOSITED IN Itasca Paper Co., Grand Rap- $4 oa Cac ey 73 euritv Nati < ids, Minn. & Total Cash Asse 890878 28.98.78 Security National Bank of es) . 7 : ‘3 De Bester eerie rien oe S801 Minneapolis..--.-.---- $ 8,121.79 LEON M BOLTER, Cashier, Pres. a 4 4 Other Resources____- American Exchange Nat- First State Kanks Bovey and + + > & 4 Total... ional Bank, Duluth 13,302. 04 Kewatin, Minn. z ¢ $4 LIABILITI City Nat'l Bank, Duluth. 1,209.62 CHAS. H. DICKINSON, Vice-Pres. a & & Capital Stock # 15,000.00 Sun > Be 39.18 Itasca. Mercantile Co. Grand & & ’ 2 I - -----8 Sundry Banks.. -..-------: 169. 1% Q 2 oF Surpius Fund _ 3000.0 a : A Rapids and Hibbing, ‘Minn. ¥ 4 3 4 Undivided Profits. ne 171721 Total Deposits in Banks ™ KIN Ss Bae Betas & & > ae 4 r et. es = > WM. KING, Sr. Pres. King Lum- 2 S “y Deposits et to Check __ Subject to Drafts____-- 22, 802. 63 b . No anda. Mi sy $$ Certitiied ( KS DEMAND LOANS er Co., Grand Rapids, Minn. SS * “ff Cashier's Checks - ow sy fs W. W. CARLEY. Cashier Ist State * + $4) Duet Banks Notes secured by Munici- Bank rey, Mi sy a4 2 ank, Bovey, Minn. > =. % % Total Immediate L pal Bonds and_ other R. H. BOLTER. > ie 4 4 & Saviogs Depesits . approved Collateral nie ; : & & 4 Time Certificates” : and Guarantee _____- 500.00 Surplus Fund. -..- ssuseos $ 8,000.00 & & % % Total Deposits 2 156.68132 State and Municipal Bonds 0.00 Undivided Profits 1717.20 $ < ¥ Y Other Liabilities 641 63 : ; ; Deposits Subject to Chec -- $122,492.70 > Be 4 23 Total Money Available on Call .- $31. 800.00 Cashier’ s Checks 2,424.55 s + % MI TOTAL QUICK ASSETS - $61 591.79 : . of a SOT RTT Tat be 4 x POR TEAECA. {2 TIME LOANS eo . | MAH ES $ We, A. C. Bossard, President, and Leon M. Timber Bonds-----------. -$ 2,000.00 Savings and Time Deposits---.... _ 31,764.07 $156,681.32 4 & rs Bolter. Gashler of the above named bank,do Single Name Notes 3 9,673.46 Reserved for 1912 Taxes due 1913_ 243.18 & & solemnly swear that the aboye statement is J s wi 2 one i sure . Ne . : & 4 . A. C. BOSSARD, = be . « SF J - SUB.40 & & > 4 _.. President. or secured by collateral 26,037.04 317,040.16 + + $ 4 LEON M. Bor. Secured by Ist Mortgage on x $ - 4 < os we 3s 2, % % — subscribed and sworn to before me this 24th Improv ed _Real Estate facie os We invite the accounts of all firms and individualsin % ¥ $ ZS aay of June 1912. ; in Itasca County .__._._ 28,674.64 i : $ + & $ i 5 DAVID A. oRICHT ON Warrants of Villages, Town our county, either depositors or borrowers who are $ > 4 “— (SEAL Notary Public, Itasca County, Minn. ips Se ia. 3 « " < nic ” < ¢ ¢ ‘3 $ ZS Shy commission expires May 23nd, 1018 ships — = _ cama sii teal honest and who appreciate that a large part of the % $ + Correct Attest: j A.C, BOSSARD tricts in Itasca County 42,016.55 $108,401.69 money we loan belongs to our depositors who aretrust- ¥ ¥ , ¢ Two Directors 1 W. W. CARLEY —- DES eer rane m 12.88 ing us to invest it safely and in such securities that 3 $ Sou itoree ace aae 4,685.00 We can return it to them on demand at all times. and_ Fixtures__-_---...- ‘ % % We offer courteous attention to Other Real Estate owned.- "306 96 We loan no money to people unwilling to be frank soot Le a a liberal terms consistant with good sound banking Trantor osdectontetectentetecteesontoaectoctontondeetenteetenteetenteate Brteoeteeteodtoasens our customers’ needs and the most) Fire Insurance Premiums in course of collection - with us about their financial condition, or to those dis- 2,041.84 honest in intentions or Statements and who would not 177,040.16 pay any horest debt whether legally liable or not. BP ipepeeteegetntntet Poeeeecedetet | \