Omaha Daily Bee Newspaper, January 1, 1916, Page 12

10 YIDENDS PAID ' 10 STOCKHOLDERS Building and Loan Associations of Omaha Close Up One of Most Prosperous Years in History. MILIIONS PUT INTO SAVINGS Any after today something over IR0 s be pald by the loan and bullding assoclations of Omaha in the form of dividends to the @,000 persons ‘who are keeping their savings with these companies. This represents the divi- dends of the half year, as they are paid twice a year by these companies. There are eight such organizations in Omaha, with assets totalling about $30,000,000. The Commercial Savings & Loan asso- clation, is one of the growing associa- tions, having at the close of business yesterday, assets amounting to $1,072,200.26, The company has a reserve of $17,500; cash on hand, $69,495.9, and first mort- Eage loans amounting to §86,M. The reserve fund and undivided profits total $19,467.26. Passes Milllon Mark. The Nebraska Savings & Loan associa- tion elght years ago changed from the #erial to the permanent plan of share is- Sues, and sought business on equal terms with the stronger associations. Results Jutified the change. From assets of $149,00 in July, 1907, the assoclation ad- vanced steadily unti| last month, when the $1,000,000 mark was passed. The as- soclation closed its annual report with Aasets of $1,006000, a gain of $130,000 for the year, During 1916 the Nebraska made 157 loans to home makers, of which elghty were for new buildy The usual & per cent dividend, amounting to 1,221, Was paid to the shareholders, and the reserve fund and undivided profit account Increased to $18600. The whole year's business was handled for a total of §,182. Milion dollar associations have ceased o be a noveity in Omaha. Four of them reached the seven-figure mark some years Ao, and two have added the elght to thelr expanding records. The novelty remains, however, to the officers of the #maller associations whase guiding hands @nd minds push forward the business of An association until to the point that Was in former years deemed the goal of ambition, the $1,00000 mark in assets. People Saving Money. More Omaha people are saving money than ever before. This is shown by the semi-annual report of the Omaha Loan and Bullding assoclation, submitted by Becretary W. R. Adair at a meeting of the board of directors. o sadd: ““The figures are the result of our work during 1015: Increase in assets, §1,28,506.61; total assets, $8,078.470.43; receipts during the year, $4,001,98.89; loans made, $1,867,- 657; dividends paid to members, $382,304.70; increase in reserve and undivided profits, $28.401.45; contingent loss fund, $196,425.24. “The fact that our association could could not accept oll the money tendered during the year for investment is a true indication of sound financial conditions in Omaha. The number of savings counts opened since July 1 shows a healthy increase, and the business of the nsesoclation has expended every month of the year. . “It ‘s possible that the war in Burope may have influenced a greater number ©of persons to Increase their savings. But the prime cause of of the growth of our Favings accounts may be traced to the Tetterment of trade and industrial con- ditione, which we hope s the forerunner of an era of prosperity among all classes, “Cortainly present indications point to 196 as a year of permanent growth of that rich region of which Omaha is the commercial center. That our assoclation shall gontinue to share largely in such Krowth is a foregone conclusion.” o ed States, Conservative Bavings and Loan Still holds the record of being the larg- ©st In the United States. Its total assets at tho present time are $11,8,61.70. Its The venture into the fleld of making farm loans on the security of improved farms in the recognized agricultural belt 5 i 7 course of the year, year 1915 was for this company the largest in its history in the growth Of mssets, these having Increased by lk"m OKAHNA FACTORIES BOOST FOR OMAHA (Continued Tromh Page One.) &rain and their hogs and cattle the products of their farms. soon as outside merchants got this the scheme of the Omaha manu- the business of the latter com- to show a substanslal increase, it up month after month. e were some of the most extenstve manu- facturers in the country. And with the publicity given them during the last nine months their names have become house- hold words throughout te confines of Omaha and its trade teritory. In this campaign were: The Bemis Bag company, the largest concern of its kind in the world. It puts out a line of all kinds of bags, besides being one of the largest mantfacturers of | horse blankets. The Wrake, Willlams, Mount company. This concern is one of the largest of the bofler making establishments in the west. The Omaha Bottling company and the Sloup, Sherry Bottling company. Rach does an extensive business in the manu- covers five states. The Omaha Box company and the Eg. gers-O'Flyng company, both manufac- turers of boxes, the formtr manufactur- ing wooden and the later fiber and cor- |rugated paper and board boxes. The Storz Brewing company, the Metz | Brewing company, the Fred Krug Brew- :Inx company, the Jetter Brewing com- pany and the Willow Springs Brewing | company are among the best known con- |cerns in the west and their trade is ex- tensive. None Better Anywhere, The Hydraulic Pressed Brick company manufactures a grade of pressed brick that has no superior in the United States. The product is used over the entire cen- tral west, C. B. Liver & Co. are extensive manu- | facturers and jobbers in everything In the way of tools used by butchers and in packing houses. The Casco Milling company puts out a full lne of cornmeal, poultry and chicken feed and has built up an enor- mous trade. The Omaha Concrete Stone company is one of the largest manufacturers and | contractors in cement block and cement bullding material in the west. The D. J. O'Brien and the Voegele & Dinning companies are the largest candy Jobbers and manufacturers west of Chi- cago. The L. C. Doup company manufactures lounges, couches and mattresses that have a most enviable reputation from the river to the mountains, Here there are two immense coffee, tea and splce houses, the Palmer-Olson company and the German-American Cof- fee company. Both buy direct from plan- | tations and here in Omaha do all their roasting, grinding and packing. The Iten Biscult company Is the largest covering practically an entire city block. It puts out a full line of crackers, cakes and cookles. The Omaha Butter Market. Omaha is the largest butter market in the world, the pack exceeding that of any other city. The Fairmont and the Waterloo creameries have been instru- mental in making Omaha known as the great butter packing center. The Kirschbraun & Son commission house is known all over the west for its square dealing. It handles produce of all kinds and fruits, § The Iler & Co. Willow Springs aistil- lery is the largest spirit manufacturing house in the west, and in connection therewith operates extensive cattle feed- ing yards. The Omaha Electric Light and Power company supplies Omaha and its sub- urbs with light and power and has a plant that s unequalled. The Burgess-Granden company is one OF the largeat and most extensive dealers In electrical supplies and lighting fix- tures to be found west of Chicago, The Baker Bros.' Engraving company does all kinds of engraving, electrotyping | facture of soft drinks, with a trade that | concern of Ita kind In the west, its plant | | | Increase in Resources Past Six Months ...... Amount of Dividends Credited Jan. 1, 1916. ..... Dividends Oredited Since Organization ......... 3,266,759.37 Loans promptly made on Omaha Real Estate or on’' Improved Farms in Eastern Nebraska. Call for rates. Money to Loan. The Conservative is laying the strongest emphasis on the matter of and lithographing. Its plant is so com- plete that it can handle anything from a visiting card up to the largest poster. The Burkley Envelops company manu- factures envelopes and In a few years has bullt up a trade that extends from the lakes to the Pacific coast The Omaha Fixture and Supply com- pany carries a full and extensive line of bank, office and store fixtures, all of its own make and assured to be the best and most up-to-date that can be found in any city in the land, The Updike Milling company operates one of the largest flouring mills in the | Missourl valley and ejoys a trade that covers an extensive area Some Other Lines. The Stanlard Furnace and Supply com- pany pute out the celebrated Nesbit all- cast and Weir all-steel furnaces, besides carrylng a large stock of furnace sup plies. The Omaha Foundry company is pre- pared at all timgs to handle the largest orders. The National Fur and Tanning company 18 one of the largest concerns of its kind In the west. Its purchasing market fis the world and its selhing market is all | over the United States. The Omaha Gas company supplies the city with gas and has mains laid to some of the suburbs. Its output is of a su- perior quality. The Omaha Hat factory puts out a com- plete line of hats and ceps and loes a large jobbing business. The Peoples’ Ico and Cold Storage com- pany and the Omaha lce and Cold Stor- age company supply Omaha and suburbs with manufactured ice that is the purest of the pure. Besldes, both concerns lo an extensive cold storage business. The Baker Ice Machine company builds fce-making and refrigerating machines and Is the only concern of its kind in the | the printing line. central west trade, The Nonpareil, It enjoys an the Kimball THE BEE: OMAHA, SATURDAY, JANUARY 1, 1916. Puritan laundries are Iimmense plants anl, besides keeping Omaha clean, do much of the laundry work for towns and cities within a radios of 100 miles. The Lawrence Shot and Lead company is an extensive dealer in lead and the manufacturing of shot. It gives employ- ment to a large number of men and has an extensive trade The Lodge Supply company manufac- | tures and deals in all class of lodge and | mecret society supplies, no contract being too large for it to handle The Skinner Manufacturing company is probably about the largest manufacturer of macaroni In the country. It formerly occupied a large five-story buflding and last year doubled the size of the plant. Its trade covers the entire country. J. F. Bloom and company manufacture the highest grade of monuments of any concern in the country. The trade Is extensive. The L. V. Nicholas Ol company la nearly as large and an extensive dealer in oil as the Standard Oil company. It has its own refineries and an enormous distributing plant In Omaha Great Packing Plant. Swift and company Is a concer nthat is known the world over. Its packing house at South Omaha is one of the larg- est, The company Is constantly in the market for all kinds of live stock. It deals largely with country butchers, sup- | plying them with fresh and cured meats. | The Midland Glass and Paint company | 1a one of the largest jobbers in glass and paints to be found in the west. It has its own art glass manufacturing plant | ana does its own cutting! | The Bankers Realty Investment com- | Pany deals extensively in real estate and | Investments. It also bullds houses and | mells them on the easy payment plan. | The Omaha Printing company and Corey & McKenzie do an extensive business in The Omaha specializes extensive | fn blank books and office furniture: Corey & McKenzie do blank book work, sell and the | office furniture and are expert job print- Cash on Hand. P. J. SHEEHY, W, P. ADKINS, .. of from $1.00 to $6,000.00 at rate of not less than SIX Per compounded semi-annually, . MURDOCK...... D. J. O'BRIEN, W.P. ADKINS, F, KOUTSKY, RECEIVES ACCOUNTS always pald dividends on all accounts at the Commercial Savings and Loan Association . - Financial Statement January 1, 1915 ASSETS il LIABILITIES First Mortgage Loans.....$ 986,800.00 | Dues and Dividends. ... ...$1,037,467.24 Loans on Pass-Book Se- Reserve Fund............. 17,500.00 curity .... RERERN 3,105.00 || Undivided Profits......... 1,967.26 Real Estate .............. 8857.70 El Incomplete Loans......... 15364.76 Real Estate on Contraoct. .. 3,683.08 | e R S Interest in Arrears. o d 457.58 | $1,072,299.26 69,495.90 $1,072,299.26 | Under Supervision of the State Banking Board. OFFICERS: +....President JAS. J. FITZGERALD ... «++e.. . Becretary ..Vice President F. W. THOMAS....... cens . Treasurer DIRE CTORS: W. J, COAD, E. T. F. QUINLAN. any time and has Cent. per annum, || Put Your Savings in a Safe and Profitable Place. | Start an Account NOW in This Association. . . Attorney DIVIDEND PERIODS are at January 1st and July 1st, on which dates, at the option of the stockholder, the dividends will be paid in cash or added to the principal. 4931 South 24th St., South Side era. | J. H. Haney & Company are probably the largest manufacturers of harness, saddles and horee goods west of Chicago They sell from the Mississippl river to the Pacific coast The Deflance Starch company manufac- tures a brand of starch that is known almost the world over for its excellence. Saving the Hogs. The O. K. Serum company, the Axtell Serum company, the Omaha Serum com- | pany and the Grain Beit Supply company manufacture serum that cures hog chol- | era and during the last year have enjoged |an enormous trade. The Nebraska and Towa Steel Tank | company manutactures about everything [ in sheet iron, speclalizing an tankage of all kinds, The Scott-Omaha Tent and Awning company employs a large number of persons the year 'round manufacturing tents, tent houses, awnings, porchgoods and wagon covers. The Smith, Lockwood Manufacturing 'r‘nmpnn)' is an extensive manufacturer of cravats and suspenders, as well as | putting out a large line of purses, pocket books and leather goods. The Gordon, Lawless company manu- fagtures tin cans and shect metal goods for a large area, having some of the biggest packers as its customers. The Omaha Wood Working company manufactures all kinds of office and bank furniture and fixtures, doing an immense business. Among the wholesale grocers of the country, there are none west of Chicago that do a greater business than the Paxton & Gallagher company. It is one of the oldest concerns in the west and has a trade that reaches up to Canada and west to the Pacific coast. Basin nge at Crete. CRETE, Neb, Dec. 3L—(Special.)—A deal was completed here today, whereby Fuhrer & Francl sold their candy store to George Vifquin. The new proprietor takes possession February 1. C. KOHANSKY, L. F. ETTER, | California Market Board in Charge of Routing Products | WASHINGTON, D. C., Dec. 31.—After | consulting for several days with Attor- | ney General Gregory and members of the | Federal Trade commission Harria Wein stock, California state market director, | left today for California to invite all producers of perishable farm products in that state to give the State Market com. | mission a monopoly of routing and di- recting carloads of the products for the eastern markets, | While not having any formal approval | | trom the federal officials for his plan | Mr. Welnstock sald they had found no defects and he was confident the state could do without question that which | Individuals acting separately or through private organizations could not do. “One of the weak epots in the eastern marketing of California perishable farm products,” sald Mr. Weinstock, “is that some of the shippers are large individual growers, some are growers' co-operative | socleties and some are shipping corpora- tions, with the result that the distribu 1916 Real FEstate Loans Loans on Association Stock. Real Fstate Sold on Contract. Real Estate . Foreclosure Account Interest Due from Borrowers.. Cash and Checks in Drawer... Cash in Bank........... . Reserve Fund .... Undivided Profits Incomplete Loans Bills Payable ...... January January January January January January January . January 1, 1916 . Loans to hom monthly, like paving rent. 6 6-19 per cent per annum. semi-annually. Investments from $100.00 to portion to his or her account, annum dividends. THOS. A. FRY, President. ROBERT 8. WIILLCOX, V. Pres. JOHN R. BRANDT, Secretary. G. E. HAVERSTICK, Treas, EDGAR M. MORSMAN, JR., Attorney, SAUNDERS-KENNEDY BUILD! HAPPY NEW YEAR STATEMENT OF Nebraska Savings & LoanAssociation At the Opening of Business January 1, 1916, RESOU COMPARATIVE GROWTH. Interest rate, 55c per $100 per month, or Shares may be subscribed for at any time, giving you an account on which you can deposit your savings weekly, monthly, quarterly, $1.00 starts an account. dividend is paid semi-annually, July 1st and January 1st. sociation distributes its earnings to its shareholders pro rata in pro- Has never paid less than 6 % per OFFICERS AND DIRECTORS. i, 211 8. 18th St. uncontrollable causy tion has been conflicting uncontrolled and unscientific and ing frequent gluts and famines.” Bank Clearings in Larger Cities Are Far Ahove Record i1.—Bank clearings fow 1 cittes of the country increases today at the CHICAGO, Dec 1915 in the princip show lmportant end of the year. Chicago's 1915 bank clearings totalle® $16,108.985,174.52, breaking the previous ord established in 1913 of $16,073,130,624. *hiladelphia reported clearings of §8,868 s against $7,016,064,219 for 1914 Boston's clearings were $8,256,035,655, ami increase of 9.9 per cent over 1914, St. Louis banks cleared $4, 20,000, breaking all records and exceeding lasl vear's mark by $264,679,000. Detroit increased its bank clearings 10.09 per cent, attaining a mark of §1,454,972,648 Kansas City clearings were $3,835.000,000, a new record, and in excess of the 1514 clearances by $819,000,000, Read The Hee Want Ade pose. It pays! | 1916 RC 10,746.48 5,178.78 2,383,02 568.82 270.57 1,664.54 37,024.16 $1,016,636.37 .. 979,947.59 13,600.04 N 6,096.07 16,892.67 "$1,015,536.37 276,607.69 393,071.18 508,948.86 649,184.40 729,999.66 874,682.1b . «ess 1,015,536,37 mortgage security, repaid $5,000.00 received on which the The as- 0. D. KIPLINGER. BARTHOLEMEW JULIEN. W. B. T. BELT. THOMAS F. GODFREY, BYRON R. HASTINGS. THOMAS J. FITZMORRIS, City Hall Block FINANCIAL STATEMENT OF . THE CONSERVATIVE Savings and Loan Association Of Omaha, Nebraska January 1, 1916 First Mortgage Loans on Improved City Real Estate First Mortgage Loans on Improved Farms .............. 662,500,00 Real Estate and Sales on Contract ...... .............. 34,606.90 Loans on Conservative Association Stock ......... . 87,226.01 Office Building and Lot.................... . 81,000.00 Municipal Bonds and Warrants. .... 178,900.90 Cash on Hand and in Banks. . .. ce .. 4T7,787.44 Dues Paid and Dividends Added....... ... .. .$10,846,859.556 C T T R SRS S R S G S D0 12,066.11 .$9,791,330.14 ....$11,333,651.73 .$ 719,193.36 278,823.86 Loans on First Mortgages . Foreclosures Pending ..... Association Building ..... Certificates of Deposit. County Warrants Total Assets ......... Reserve Fund .... Undivided Earnings ... Loans on Association Shares of Stock. . Interest Due from Members. ... ... Real Estate Acquired Through Foreclosure. .. .. Office Furniture and Fixtures ............. Sundry Persons and Account Cash on Hand and in Banks..... Running Stock and Dividends.............. v.ou... Paid-up Stock and Dividends........ Due Sundry Persons on Account of Incomplete Loans FINANCIAL *STATEMENT ---of the--- Omaha Loan and Building Association December 31st, 1915 ASSETS. LIABILITIES. ST T ARG S SN R 5 S S R .$7,928,576.80 . 101,501.66 6,666.50 22,882.95 5,610.85 520.00 180,000.00 1,208.22 248,695.41 60,783.93 99 22,024.11 .. .$8,578,470.43 .$7,563,355.03 ,401.67 173,919.64 196,425.24 16,368.85 .$8,578,470.43 encouraging and aiding people to open savings accounts. It is seeking this line of business rather than the larger investment amounts, with the result that during the past year the number of its savings members increased 2094. ‘It is ‘‘in the air’’ these days to save money, and this Association invites people with $1.00 or more to become members any m without expense, and to add to their savings any amount at any Increase in Assets during 1915 Dividends Earned for Members during 1915 ......... Dividends Earned for Members since organization ,............ Reserve Fund and Undivided Earnings. .«........... 382,304.70 2,378,054.54 2,794.09 The Omaha Loan and Building Association I8 the oldest savings institution in Omaha, and one of the largest Building and Loan Assoclations in the United States. During the past year we have made 963 real estate loans, amounting to $1,594,400.00, of which 306 were for the purpose of erecting homes, and the others to purchase homes already built, and for other purposes. \ The ease and promptness with which loans are secured, coupled with the low rate of interest and the easy monthly payments, makes our plan especially attractive to the average man of moderate means who is ambitious to become a home owner, Savings Accounts may be opened at any time, in any amount from One Dollar up. ! Officers and Directors: Geo, F. Gilmore, Pres. Wm, Baird, Counsel J. H. McMillan, Asst. Sec. J. A. Lyons, Asst. Sec. Randall K. Brown E. A. Benson A. W. Bowman Robert n:m "T : Flack cu,n-:- O, George OFFICERS AND DIRECTORS: H. A, Thompson A, P. Tukey O, M., Wilhelm G, W. LOOMIS, President, w, W. R, ADAIR, Secretary and Treasurer. J. T. HELGREN, Assistant Secretary. A, A, ALLWINE, Assistant Secretary. JOSEPH BARKER, CHARLES E. BLACK, JOHN H. BUTLER, R. J. DINNING, E. A PARMELEE, MILLARD M. ROBERTSON, OFFICE: Association Building, Northwest Corner Dodge and Fifteenth Streets. SOUTH OMAHA OFFICE: 4733 South Twenty-fourth Street. J. H. Kopietz, Agent. WRIGHT, Vice President, Officéc, 1614 H;mey SAtreet,NOAmaha