Image provided by: Hermiston Public Library; Hermiston, OR
About The Hermiston herald. (Hermiston, Or.) 19??-1984 | View Entire Issue (Dec. 3, 1920)
When the Serb Goes Shopping No. 9281. REPORT Reserve Diat. No. 12 OF THE CONDITION OF THE FIRST NATIONAL BANK at Hermiston, in the State of Oregon, Building Oregon at the close or business, November 15, 1920. RESOURCES Loans and discounts_________ $231,460.52 38% < y*i ,1 se % ss ■ Deduct notes .nd bills rediscounted with Federal Reserve Bank (other than „ bank acceptances sold) .... 7,250.00 224,210.52 Overdrafts, secured______ __ $ IT Unsecured------- 1,683.06 1,683.06 I U. S. bonds to secure circulation (par I value)......................—— 6,250.00 Pledged as colattera] for state or other deposits or bills payable .... 31,060.00 Owned and unpledged ....... 1,500.00 War Savings certificates and Thrift Stamps actually owned $346.00 Total U. S. government securities 39,656.23 Securities otherthan U. S. bonds (not in- eluding stock) owned unpledged ... 53,597.39 Stock of Federal Reserve bank (50 per cent of subscription) .................. 1,050.00 Equity in banking house__ ____________ 4,500.00 Furniture and fixtures....... ...................... 3,450.74 Lawful reserve with Federal Reserve bank.......... 923.81 Items with Federal Reserve bank in pro cess of collection (not available as re- serve)-------------- --------- ------- ------ 1,695.25 Cash in vault and net amounts due from national banka......... -............. 25,693.13 Total item 13. 14, 1.5 16 and 17... 27.388.38 Checks on banks located outside of city or town of reporting bank and other wash items......... ..................... 1,836.56 Redemption fund with U.S. Treasurer and due from U. S. Treasurer ..... 312.50 Total A shopping trip for the peasants of Serbia means something more than calling the corner grocery on the phone or a few hours In the town shops. Usually It consists of a day’s trip across country, a day of bargaining in the markets and another day to return home. Towns are few and widely scat tered and transport facilities are almost unknown. This photograph shows a peasant on the way to market with the usual equipment Echo Flour Mills Echo, Oregon MANUFACTURERS OF High Grade Patent Blue Stem Flour The Superior Product of Scientific Milling Makes Better Bread Try a Sack No one appreciates the growth and development of the state of Oregon more than the Public Utilities who serve it and supply the telephone, gas. electric and transportation facilities which pro- mote the business of the State and the welfare of Its people. Proof of that growth is scarcely neces- The statistics published daily in the press, showing bank clearings, building permits, imports sary. and exports, real estate transfers, all bear testimony to a tremendous business activity and a volume of trade fdr in excess of that of five years ago. With all this growth and activity there has been an Increasing demand for telephone service— greater than our facilities can supply and greater than our present revenue will allow us to meet. During the present year we have handled in excess of 48,000 oiders for telephone service in the state of Oregon and at the present time have 3500 unfilled orders on hand. The constant demand for telephone service can only be continuously met with a plant sufficient for present needs and a reserve for growth which will permit of promptly handling installations. $358,609.19 changes and moves. This Company has no apology to offer for what it has accomplished in the way of meeting the demand for telephone service during and since the war. LIABILITIES It is a record to be proud of—but it cannot continue to meet this demand with its present facilities exhausted and a deficit In Capital stock paid in...................... .... 25.000.00 Surplus fund...... ............................... 10,000.00 Undivided profits 20,921.70 Less current expense, interest and taxes paid ... 9,232.12 11,689.58 Circulating notes outstanding «............. 5,950.00 Net amounts due to National banks ___ 263.07 Certified checks outstanding ................ 130.00 Cashier's checks outstanding. 2,083.80 Total of items 28, 29, 30» 31 and 32 2,158 80 Demand deposits: Individual deposits subject to check.... 228,329.46 Certificates of deposit due in less than 30 days (other than formoney borrowed) 36,055.11 Total demand deposits ... 264.384.56 Time Deposits: Certificates of deposits (other than for money borrowed).............. 29,431.25 Total of time deposits 29,431.25 Bills payable with federal reserve bank. 10,000.00 its earnings. Arrangements must be made for the necessary plant and equipment to keep pace with Oregon’s tremendous growth. We want the people of Oregon to realize our present situation and the prob- lems now confronting us and help us to take a proper part In the development of this state. The Pacific Telephone and Telegraph Company Total 5368.608.19 Liabilities for rediscount, with federal reserve bank. . ................................... 7,250.00 State of Oregon } County of Umatilla I * 8’ I, F. B. Swayze, president of the above named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. F. B. SWAYZE. President Subscribed and sworn to before me this 26th day of November, 1920. E. P. Dodd, Notary Public My commission expires June 10, 1921 Deeds, Warrants, Legal Blanks of All Kinds Correct—Attest: CHAS. E. OPEL R. ALEXANDER, J. R. RALEY. Directors. Printed and for Sale :: At The Herald Office DEALERS IN GRAIN AND FEED MODERN CRAN CASE CLEA INC "SERVICE Hermiston Pendleton Oeouatny Geo. W. Elder Real Estate Agency Dirt in your Cn^ine Oil- Qet rid of it ! LARGE quantity of dust-laden air is "inhaled” by the daily operation of an automobile engine. With this road dust, carbon and fine particles of metal get into the lubri cating oil and circulate through your engine, lowering the efficiency of its operation. Add to this dirt the gasoline that escapes past the pistons and dilutes the oil — A we FLU ING Q IÏ NE g - Acreage near Hermiston, Stanfield and Pendleton. Farm land in Oregon, Wash ington and Idaho on easy payments, some on crop payments. All kinds of Insurance and Loans Calol Flushing Oil we use is the new, scientific, thorough flushing agent that does not contaminate the fresh Zerolene refilled into your cleaned crankcase. This modem, convenient service, given quickly and at a nominal cost, returns your engine to you clean and fresh, ready to give that sat isfactory performance you expect. Today: Bring in your car for Mod ern Crankcase Cleaning Service. Here you have a combination that wears and tears and grinds away, every day adding a little more dirt and forcing a little more unnecessary wear on bearing sur faces. Result: slow response—less power—-poor performance — shorter engine life. Our new Modern Crankcase Cleaning Service is the enemy of dirt in the crankcase—it means “clean oil in a clean engine.” The Oregon Hotel Building J. M. BIGGS, Manager Hermiston Office Ftal FiAs T. Get the Limit in Grocery Values Reduction of table costs is the present day 46 of the Sky markets, we problem of the home. Because prices prevailing in the wholesale have reduced our own prices to the limit of possibility. * . We solicit your patronage with the dis- tinct understanding that you will receive the highest limit of value in every purchase you mgke from us. BROWNELL’S STORE Umatilla, Oregon MARPN . or clean oil tn a clean engine HERMISTON AUTO CO. Hermiston, Oregon 0 4 ~ LAYS’ GARAGE Hermiston, Oregon Maxfield & Rhodes, Props. , • 99 UMATILLA GARAGE Umatilla, Oregon Lane Bros., Prop.
