HOLIDAY NUMBER,
SECTION THREE
G resham O utlook
T W IC E
A
W EEK
VOL. 14, NO. 83
GRESHAM, MULTNOMAH COUNTY, OREGON,
TUESDAY, DECEMBER 1«,
STORES DECORATED
FOR THE HOLIDAYS
Sound and Conservative Banking Results in
SAFETY AND SERVICE
TO THE DEPOSITOR
A Bank Statement that any man or woman can understand
Synopsis of Report of Condition of
F IR S T ST A T E BA N K
at the close of business as of December 10, 1923 and November 10, 1924
The Bank Owes to Depositors
.
.
Nov. 1», 1924
#621,729.39
Dec. 1», 1923
.
6,»29.»»
5,495.86
.
563.29
2,989.79
28,961.58
»0,868.4»
63,957.27
23,995.75
12,792.32
2,691.45
229,788.75
292,619.5»
85,599.99
14,999.99
195,296.65
221,219.25
195,201.16
25,999.99
25,999.99
5,544.27
5,439.95
1.659.99
2.999.99
2,185.29
1,659.99
3,214.57
16,869.57
24,555.27
#693,942.63
68,322.33
#642,619.35
.
.
#58»,»3 7.8»
A conservative b an k e r alw ay s h as th is indebtedness in
m ind, and he a rra n g e s his asse ts so as to be ab le to m eet
any req u e st for paym ent.
For This Purpose We Have:
I. Cash
.
.
.
.
.
.
L egal cu rren c y and coin
II.
Cheeks on other Banks .
.
.
P ayable at once
III.
Cash Reserve with Federal Reserve Bank -
P ay ab le at once
IV’.
Cash with Other Banks Approved by State
P ayable at once
V.
State, County and Municipal Warrants
Mostly school w a rra n ts
VI.
State, County and Municipal Bonds
1924
M arket value of w hich is .............$233.104.35
F ace value .......................................... 220,788.75
1923
$206,662.20
202,610.50
W o rth th is m uch m ore th a n
am ount ca rrie d on b o o k s.......... $
M ostly sh o rt-term Bonds
$
2,315.60
4,052.70
VII. United States Government Bonds
VIII. Other Bonds
.
.
.
.
.
M unicipal, P rovincial, G overn
m ent, Dom inion of C a n a d a .. .. $ 66.500.00
In d u stria l . , ........................................ 19,000.00
IX.
Loans
.
.
.
.
$ SoJiOO.OO
.
.
.
To M an u factu rers ........................... $ 21,145.70
To M erchants, B usiness and
P rofessio n al Men ....................... 31,006.87
To F a rm e rs ........................................ 116,499.04
F o r purch ase of A u to s................... 27,727.17
On Real E s ta te .................................. 22,950.00
U nclassified ...........................................
1,881.47
X.
$221,210.25
Bank B u i l d i n g ' ........................................
Inclu d in g Postoffice & oth er offices
Cost of Building very m uch m ore
XI.
Furniture, Fixtures and Equipment
D epreciated 5% each year
XII.
Stock of Federal Reserve Bank of
San Francisco, California . . .
XIII. Other Assets Consisting of Chattels
XIV. Claims Against Estates Not Yet Closed
XV. Other Real Estate Than That Used
for Bank Building
.
.
.
.
-
Book V alue, R eal V alue m uch
m ore
Total to meet Indebtedness to Depositors
XVI. This Leaves a Surplus of
-
W hich becomes th e pro p erty of th e S tockholders afte r
th e debts to th e depositors a re paid, and is a g u ara n tee
fund upon w hich we invite new deposits and re ta in those
w hich have been lodged w ith us for m any years.
62,692.55
The F irst State Bank, a member of the Federal Reserve System, was estab
lished in 1905, has been continually under the same m anagem ent, and has en
joyed a steady and natural grow th from the beginning. During th a t time, in
order to better serve its custom ers, it has increased its Capital Stock three times.
It has all the facilities of a city bank, including th a t of investm ents, and a t the
same tim e .has made an exhaustive study of the w ants and needs of its patrons,
thereby putting itself in a better position to serve the local people than any city
bank.
The above statem ent reflects the fact th a t it has spared no efforts to pro
tect its depositors, using all of the safeguards throw n around a city bank with
much larger responsibilities.
The F irst State Bank appreciates the fact th a t it is due to the unfailing
loyalty of the people of this community, and the confidence they have reposed
in its institution, th a t enables it to carry as it does over ONE-HALF MILLION
DOLLARS DEPOSITS.
It is therefore Resolved, That we, the Officers and Employees of
First State Bank, extend
(Cfjrtslntas Greetings!
To our old friends, loyal and true; to our valued new friends, and to those
whose friendship we strive to deserve; we heartily wish unmeasured happi
ness and good fortune throughout the coming years.
*
ITith grateful appreciation for all the favors received by us from you, and
for that priceless though intangible asset, your good-will, which we prize be
yond measure, we seek to merit your continued confidence, and aim to serve
you helpfully in the future.
First State Bank
GRESHAM. OREGON
G resham shop w indow s are tak in g
on a holiday asp ect. It would be im
possible to m ention all. as p ractically
every window in G resham b ea rs evi-
donee of th e ap p ro a ch of th e Yuletide.
Some of th e m e rc h a n ts a re plan n in g j
! on a s till m ore elab o rate display
! n ea rer C hristm as.
National Champ
TUESDAYS
AND
FRIDAYS
#1.5» Per Year
WINTER HERE WITH
CHILLY WIND, SNOW
W inter, w ith its accom panim ent of
snow and ice, m ade an a b ru p t descent
on th is p a rt of th e w orld early Mon
day m orning, m uch to th e delight of
the sm all boy and the ap p rehension
of the business w orld in general. T he
w eather for th e p ast ten days had
been u n u su ally mild and. th e re fo re,
L. A. W ack & C om pauy have a fine,
th e sudden cold snap w as r a th e r u n
i sy m e trica lly -arran g ed window con-
expected. T he th erm o m eter m ade a
' sistin g m ainly of fem inine w earing
drop of 15 degrees d u rin g Monday.
ap p arel and accesso ries, w hich has a t
As a re su lt of th e storm , the ground
tra c te d m uch fav o rab le com m ent d u r
is covered w ith several inches of snow
ing th e week.
and Ice m akes both w alking and d riv
W hen it com es to th e rich n ess of its
ing a hazardous u n d ertak in g . T he
fu rn ish in g s, Guy D. Jo n es can o u t
telephone system
is dem oralized,
shine ’em all. A w ate r set of an tiq u e
about 100 lines being out on th e local
stain ed g lass w ith ste rlin g silv er de
lines, acco rd in g to th e estim ate of th e
posit looks in te re stin g to th o se who
officials of th e com pany. T he te m p er
G eorge T eller, ten y ears old, of
F arm in g to n , Mich., who won th e
can produce th e price. H is jew elry
a tu re in G resham Monday night w as
national cham pionship w ith his
displays, h an d -p ain ted china sets,
v ariously rep o rted a t from 23 to 28
ste e r a t th e St. P aul Ju n io r Live
degrees
above zero.
novelty boudoir lam ps an d beaded bags
Stock Show. He received 80 cents
are p leasin g ly arra n g e d on a b ack a_ pound on th e hoof fo r th e anim al.
1 lie 6:50 tra in T uesday m orning on
ground of g ray velvet.
The p u rch a ser th en retu rn ed the
the Mt. Hood line, w hich c a rrie s w o rk
ste e r to him . G eorge will p resen t
m en to th e pow er p lan t a t Bull Run,
A h u n g ry m o rta l w ould do w ell to
his prize w inner to l ’res. Coolidge
ste er c lea r of th e g ro cery window of
a t the In te rn a tio n a l Show in Chi | w as stalled n ear P lea san t H om e and
the men retu rn ed to th e ir hom es in
th e W alrad M ercantile com pany, as
cago th is m onth.
G resham and vicinity. It is reported
th e re Is such a tem p tin g a r r a y of
candy, n u ts, figs, d ates an d o th er MULTNOMAH COUNTY FAIR th e re is a depth of four feet of snow
goodies. T h eir dry goods window, Is
GIVES 99-DAV OPTION at Bull Run lake and th e re is m ore
w ater in th e lake th an at any tim e
full of C h ristm as suggestions.
A m eeting of th e sto ck h o ld ers of IaHt X«ar before th e sp rin g run-off.
Old S an ta C laus Is all ready for his
P o rtlan d rep o rts 200 accid ents due
I trip up th e chim ney in J. E. M etzger's th e M ultnom ah County fair was held
a t th e city h ail In G resham on Mon- 1°
slip p ery stre e ts, and 6000
j fu rn itu re sto re window .
(
day evening w ith P re sid en t A. W. Phones o ut of o rder. N ew spaper re-
The G resham D ru g com pany Is fea-
M etzger in th e chair. T he M ultnom ah P °rts would in d icate th a t the storm
! tu rin g a handsom e d isp lay of dolls of
County F air asso ciatio n w as given an conditions a re g en eral th ro u g h o u t th e
| every d escription. T he sto re is lite r
option of 90 days for th e p u rch ase of n o rth w est and so u th ern Oregon,
ally ru n n in g over w ith p rac tica l gifts.
all th e land and b uildings and re- j T he au to stag es betw een G resham
Cecil M etzger’s g ro cery h as an at- m ainlng p ro p erty belonging to th e and P o rtlan d a re ru n n in g on the
trac tiv e w in ter scene on one side and M ultnom ah county fair for th e sum of ,lsual schedule th is m orning, alth o u g h
i the u su al p rac tica l display of g ro $28,000.
they w ere g rea tly hindered Monday
ceries on th e o pposite side.
S tock h o ld ers of th e M ultnom ah aftern o o n on account of th e slush and
’’E v ery th in g e le c tric a l” is th e slo County fa ir and o th e rs recen tly o r Ice. T he elec tric lig h t w ires and
gan of Floyd Mack. Mrs. Mack is de ganized a new co rp o ratio n called th e radio a e ria l lines rem ain u n distu rb ed
serving of the cre d it for th e cozy fire M ultnom ah County F a ir association, so far.
place in th e window.
w hich h as for its objective th e p u r
More snow and colder w eather have
Botkin & Jo h n sto n a r e n 't try in g to ch ase of th e stock, g rounds and b u ild been fo recasted for T uesday. A sil
paint th e tow n green. T h a t is sim ply ings of th e fair, also th e p u rch ase of ver thaw is not an ticip ated a t th is
the ad v ertisin g schem e of th e G eneral ¡ th e 24 ncres co m p risin g th e Sm ith tim e, although Monday evening fears
P etroleum co rp o ratio n w hich is th e tr a c t w hich w as rec en tly p u t up to w ere expressed by m any th a t one of
d istrib u to r of g en e ral gasoline, th e | th e voters of G resham to decide upon, th ese m uch-dreaded sto rm s would bo
new high te s t gas w hich Botkin & ' and w hich w as voted down as a the re su lt of th e rain and cold. In a
Jo h n sto n a re selling. T he doors, cas- ¡ p ro ject for th e city.
silver thaw th e u pper s tr a ta of a ir
1 ings, office trim m in g s and ta n k a re |
m ust he w arm er th an th e low er, but
painted a rea l C h ristm asy green, CHRISTMAS PROGRAM
th e re seem s to be no Indication of this
w hich has a p le asa n t effect.
POSTPONED ONE WEEK a t p resen t.
A le tte r ad d ressed to Mr. S an ta
As a re su lt of the cold, th o u san d s cf
T he C h ristm as exercises including a birds a re sh iv erin g and hovering
Claus, T oyland, U. S. A., c a re of A. W.
M etzger, w ould he su re to reach Its d ram a, "In th e F u lln ess of Time— above th e snow in th e q u est of food.
d estin atio n , as th is Is th e w in ter h ea d C h rist," w hich has been announced for Mrs. F ra n k Sw anton, m an ag er of the
q u a rte rs for th e v en erab le cheer dis- n ex t Sunday evening a t th e Methodist Oregon H um ane society, has issued an
E piscopal ch u rch , has been postponed appeal to all bird lovers to place food
, penser.
D avidson’s d ru g sto re window has a u n til Sunday evening, D ecem ber 28. in sh eltered spots so th a t th e birds
tree lighted by colored elec tric lights Many difficulties have been en co u n may n o t suffer d u rin g th is tim e.
and has d isplays of to ilet and perfum e tered by those p rep a rin g th e program
sets. The p ro p rie to r says w in ter is a on account of conflicting w ith th e high
hniK'ing Lessons.
Mrs. E ln o ra Fay Fleck has tr a n s
fine tim e to ta k e kodak sn ap shots. school p ractices for th e c a n ta ta and
th e senior play. T he added difficul ferred her dancing class from T ro u t
He has all v arieties.
dale to F airview city hall. C lasses
At th e K idder H a rd w are sto re m ay ties im posed by th e u n u su a lly cold every F rid ay evening a t 8 o’clock for
w
eath
er
have
m
ade
it
im
possible
for
be seen an extensive line of useful
beginners. Advanced class a t 9. All
toys, in clu d in g tric y cle s, guns and th e young people and ch ild ren to th e la test steps. Phone 2311.—Adv.
m ake satisfac to ry p rep aratio n . When
c a rp e n te r’s tools.
Oil Paintings for Christ inns.
"E v ery th in g and th en som e” m ight th e w eath er m o d erates re h e a rsa ls will
Oil p ain tin g s a t barg ain p rices at
be
resum
ed
and
it
is
hoped
th
a
t
all
be th e m otto of th e 20th C entury g ro
th e H ardy Studio.
cery w indow s, esp ecially to w ard th e m ay be in read in ess by th e la ter date.
Oil Paintings for Christmas.
ap p ro ach of th e holidays.
For Christmas Gifts.
Oil p ain tin g s at b arg ain p rices at
S chauno's co n fectionery, th e city
See Mrs. W. A. W inters, G resham , th e H ardy Studio.
b ak ery and th e m illin e ry —each has a for hand-m ade h an d k erch iefs
for
Send th e holiday Outlook to your
pleasing window effect suggestive of C h ristm as gifts. Rhone 31x1.
frien d s in o th e r places. P rice 10 cts.,
th e C h ristm as season, as h as th e m a
jo rity of th e w indow s in G resham .
gift. One window, as u sual, displays including m ailing.
T he trim m in g s in th e w indow s of th e story books, dolls, and o th er toys
th e G resham O utlook a re as y et c o n so d ear to childish h ea rts, and is b e
T his issue of the Outlook Is about
spicuous by th e ir absence.
a day late on account of th e e x tra
ing eagerly Btudled by larg e num bers
H epp's R acket sto re w indow s are of boys and g irls who a re m aking
w ork en tailed in p rep arin g th is en
filled w ith a g re a t v arie ty of tim ely choice of gifts to o th e rs or, p erhaps,
larged paper, also by delays caused
and useful article s, an y one of w hich an ticip atin g w h at S an ta C laus will
by the extrem e w eather conditions.
would m ake a su itab le C h ristin as j b rin g them.
j