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.