The gazette-times. (Corvallis, Benton County, Or.) 1909-1909, July 02, 1909, Image 6

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Street Paving at Cottage Grove.
An order was issued at the last meet
ing of the Cottage Grove City Council
lor the purpose of paving Mam street
from the Southern Pacific depot to the
Coast Fork bridge, a distance of five
tod a half blocks. Work has already
begun in the second and third blocks.
The First National Bank
OF CORVALLIS
(No. 4301)
Report of the Condition of
The First National Bank of Corvallis,
at Corvallis, in the State of Oregon, at
the close of business, June 23, 1909
RESOURCES.
toShs and Discounts J204.M6 41
Overdrafts, secured and unsecured 1,114 91
t7. 8. Bonds to secure circulation 50,(100 00
Bonds, securities, etc 89,213 89
Banking-house. furniture and fixtures 81,221 47
Other real estate owned 1,333 58
Due from National Banks-not reserve
agents 102,862 73
Due from State nd Private Banks and
Rankers. Trust Companies, and Sav-
ings Eanks 32,521 40
Due from approved reserve agents 121, 96 07
Checks and other cash items 2,fi8: 21
Notes of other National Hunks 3,460 00
Fractional paper currency, nickels,
and cents 139 94
Lawful Money Reserve in '
Bank, viz:
Specie 77,192 95
Legal-tender notes 690 00 77,882 95
Redemption fund with U. S. Treasurer
5 per cent, of Circulation 2,500 00
Total ?724,279 36
LIABILITIES.
Capital stock paid in $50,000 00
Surplus fund 10,000 00
TJndivided profits, less expenses and
taxes paid 17.317 80
National Bank notes otitstanding 47,sflo 00
Due to other National BanKs 6,226 16
Due to btate and Private Banks and
Bunkers 801 95
Dividends unpaid 2,300 00
Individual deposits subject to check 472,1116 89
Savings Deposits 61,552 19
Demand certificates of deposit 44,081 41
Time certificates of deposit 100 00
Certified checks 4,126 00
Cashier's checks outstanding 2,778 61
Reserved fol taxes 600 00
Liabilities other than those above
stated 13,003 35
Total 1724,279 36
State of Oregon, County of Benton ssi
I, M. S. Woodcock, president of the
above-named bank, do solemnly swear
that the above statement is true to the
best of my knowledge and belief.
M. S Woodcock, President.
Subscribed and sworn to before me this
29th day of June, 1909
E. D. Horgan, Notary Public.
Correct Attest:
C H. Woodcock,
E. E. Wilson,
E. F, Wiles,
Directors
Albany Aroused
. Over Liquor Law
The regular June term of Depart
ment No. 1 of the circuit Court, with
only actual value of the property rec
ognized in making rates or traffic fcr
the people. - ,
Senator Bourne is particularly deci
sive in the matter and says he favors
President Taft's recommendation to
pass an income tax ot 2 per cent in the
Judge George H. Burnett presiding, ! S L'fT'
convened at Albany yesterday. The
docket is a small one and unless the
grand jury brings in some true bills and
some of these cases are set for trial all
the business will be handled in a very
short time.
General interest centers in the en-
that the extra status of all public ser
vice enterprises can be reached.
Oregon's Circulating Libraries
In her report made to the State Li
brary Commission, at its meeting last
Week. t.hf RffroaMr Mice Mamn'n rtll
forcement of the local option liquor ed attention to the "increasing necessity
, in Vregon for offering access to librar
ies on political science. " Continuing,
law. For some time rumors have been
floating that special detectives have
been in that city and that other meas
ures were being considered to stop the
illicit sale of intoxicants. A short
time ago the sheriff with a deputy went
to all the near-beer joints in Albany
and purchased samples of the temper
ance drink they were selling. These
were sent to the chemist at the Oregon
Agricultural College for analysis. The
report has been received and will be
laid before the grand jury. Arrests
are likely to follow. In addition the
city council has gone on record against
these innkeepers and has decided to
force them out of business or to pay al
most a prohibitive tax. Some favor
$1000, others unhesitatingly declare
themselves in favor of $2000. Twelve
or 15 dealers in these drinks will pro
bably be forced out of business.
the report says: "The people in Ore-
, gon are, to a certain extent, 'going it
alone' in their political experiences, but
, there has been no case in which it has
j not been possible to benefit greatly by
i the experiences of some other nations
I or states. This is especially true in
; some measures to be voted upon at the
J next election guarantee of bank de
i posits, single tax, classification and
jseparation in taxation.,, The report
' shows that thirty new traveling libra
. ries have been purchased since Janu
! ary and continue to show increasing
popularity. The circulation of these
libraries ranges from a few hundred
upward to 2000 volumes.
' Sidewalk at Seaside.
PLAN
YOUR VACATION
NOW at our expense
A CHOICE OF FOUR
FREE TRIPS
Oregon Men
Working For Law
Both Senator Bourne and Congress
man Hawley have written the Portland
Chamber of Commerce that they will
use their best efforts toward the enact
ment of a law compelling railroad com
panies to file statements regarding cost
of roads and value of plant.
The Chamber, some time ago, through
its board of trustees, demanded ttie en
actment of such a law, in order that a
proper basis might be established upon
which freight and passanger charges
could rightfully be made. The water
ing of stock was to be eliminated, and
The new bridge at Seaside over the
Necanicum was finished Sunday and
Bridge street is in fine condition from
the depot to the ocean. The new ce
ment walk on the south side from the
depot joins that on the Dresser block,
leading to the bridge, which meets the
cement walk on the west side, making
a direct line to the ocean, so that
strangers will no longer be obliged to
inquire the way . to the beach. Last
Sunday brought a large number of peo
ple to that city. Some of them returned
on the evening train, but many re
mained to spend several weeks by the
sea. The cottages are rapidly filling
and already numbers of transient vis
itors go by every train.
I The Daily Gazette, 50c per month.
IS OFFERED YOU
FATTI V DURING ALASKA.
K-,1-v 1 YUKON EXPOSITION
YELLOWSTONE NATIONAL PARK
YOSEMITE VALLEY
LAKE TAHOE
ALL YOUR EXPENSES PAID
IF YOU HAVE FRIENDS IN THE EAST WHO WANT TO VISIT THE
PACIFIC COAST WE CAN ARRANGE IT
This is your Opportunity
For complete
information address
Sunset Travel Club "Tarr
Grand Parade ,
Music, Bands and Chorus 1 50 voices
Oration
Sports, Races, Ball Game
Day and Evening Fireworks
COME TO CORVALLIS ON THE
5th