T illamook headlight , march
22. 1917.
Report of the Condition of
FIRST
7
"CLCM
I
/INiTON
\
¡LLAMO
AX*»**’ «AULE’
HEML0CK(
SEAVEAL
Mteoc
CLOVt*’DALE^
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I
LACHAI
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lOUFUR
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W A L L O w A
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rron _ zv / canbv
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WALLOWA
LAKI
L ackam y
■P hagan
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■>
broqrs
; h < mawa \
I'OSSH
^CULVER
NATIONAL
BANK
At 1 illamook in the State of Oregon, at the close of business March 5, 1917
RESOURCES.
Loans and discounts ...........................................................................
$152,085.76
Overdrafts, unsecured ........................................................ ..............
1,724.64
L. S. Bonds deposited to secure circulation (par value) ....
25,000.00
Bonds other than U. S. bonds pledged to secure postal savings
deposits ......................................................'.................... ............. $3,043-42
Bonds and securities pledged as collateral for State, or other
deposits (postal excluded) or bills payabl .... ............. 5,000.00
Securities other than U. S. bonds (not including
’ ”
stocks) owned
unpledged .................................................. ............................... 27,020.87
Total bonds, securities etc..............................................................................
35,064.29
Stock of Federal Reserve Bank (50 percent of subscription.............
900.00
Furniture and fixtures ...................................................................................
7.13623
Net amount due from approved reserve agents in New
York, Chicago and St. Louis ................................................ $ 5,334.80
Net amount due from approved reserve agents in
other reserve cities ...........................................................
49,663.76
54,998.56
Net amount due from banks and bankers.........................
«39-33
Other checks on banks in same city as reporting bank
3.122.95
Outside checks and other cash items ...................................... $1,541.22
Fractional currency, nickles and cents ....................................
94.93
1,636.15
Notes of other national banks .....................................................................
645.00
Lawful reserve in vault and net amount due from Federal
Reserve Bank ..................................................................................................
Redemption fund with U. S. Treasurer and due from U. S.
Treasurer ........................................................................................................
1,250.00
$304,051.28
LIABILITIES.
Capital stock paid in ......................................................
$ 25,000.00
5,000.00
Surplus fund .....................................................................
Undivided profits .............................................................
$5.931-79
. 2,103.04
Less current expenses, interest, and taxes paid ..
Amount reserved for taxes accrued.........................
Amount reserved for all interest accrued .............
Circulating notes outstanding ....................................
Net amount due to other banks and bankers.........
Demand deposits:
147,422.05
Individual deposits subject to check.......................
Certificates of deposit due in less than 30 days ..
6.055.57
121.25
Certified checks ........ '.....................................................
i,6oi.8t
Postal savings deposits ................................................
State, county, or other municipal deposits secured by pledge of
5,000.00
assets of this bank ...........................
$100,200.68
Total demand deposits .......................
Time deposits:
Certificates of deposit (payable etc)
Other time deposits ...........................
Total time deposits .............................
$8 J,98054
Total
a >4 a m a y >■■■
STATE HIGHWAYS
‘l
COOS I
5 _ ¿
APPROXIMATE LOCATION
OF ROUTES DESIGNATED
IN THE
ROAD BONDING ACT
SUBMITTED TO THE PEOPLE
OF OREGON AT THE
SPECIAL ELECTION, JUNE 4, 1917
CURRY
«v or cwamsA«.
(0rri)on UqUr_ _ J
■ a « «" fimo
NOT AM OFFICIAL MAP
•UY CV«RV Er«9RT -«*• •<<■
■ ABE TO FOLLOW
AOAOO
WO44AVC» •• TH« MT*
ecxTOA
i»«» c c
c c.
r«<
«oa’úuio om «
$304,051.28
Total............................................ .........................
State of Oregon, County of Tillamook, ss:
I, W. J. Riechers, cashier of the above-named bank, do solemnly swear
that the above statement is true to the best of my knowledge and belief.
W. J. Riechers, Cashier.
Correct—Attest: J. C. Holden, C. J. Edwards, P. Heisel, Directors.
Subscribed and sworn to before me this 21st day of March, 1917.
1
Rollie W. Watson.
Notary Public
My Commission Expires October 29th, 1920
We present herewith a revised map $6,000,000 and agreeing to turn them measures, adopting resolutions to this thought to know that we Ifiid a good
oi the highway routes designated by over to us free of cost.
effect
system of highways up and down this
the road bonding bill. This map cor
“They only ask that we join with
Speeches at* Applauded.
Pacific Coast upon which our animals
rects many of the errors made in the them and loan our credit, for which
Both the addresses by Mr. Bower could move their artillery and other
hastily-prepared sketches that were ample security is given through an
equipment?
published soon after the legislature act passed by the Legislature protect man and Mr. Benson evoked the
And in view.of the fact that we have
warmest applause, as also were the
passed the bill. It also shows the ing the state in every particular.
No. 109.
I The laws relating to the establish
remarks of County Judge Hare and a plan which will not increase taxa
cities and towns along the state high
“The idea of opposition is beyond other good road advocates,
tion let Tillamook County join the re Report of the Condition of the First ment of fiscal year period for making
ways.
my comprehension. Besides getting
' returns applies to this enactment the
In his address here Mr. Bowerman mainder of the state in tha4 very ap
Bank of Bay City.
While this is not an official map, it these roads of untold value to the said:
propriate slogan for the June election
'same as to the Income Tax returns,
In
the
State
of
Oregon,
at
the
close
an'd'udn 1L
has been inspected informally by the
state, did any of you ever stop to
This is a state issue of such great —"Pull Oregon out of the Mud.”
----- ..... „2 pro rated from such re-
members of the State Highway Com
of
business
March
5th,
1917.
importance to the people that all
1 turns for the fractional portion of the
mission. The Commissioners are pre think what $6,000,000 scattered broad
■
o
------
Bean
Bonding
Bill.
I year during which the said return is
cast over the state, as this money will citizens can meet on common ground
cluded by their official positions from
RESOURCES
------ u------
with the one question uppermost in
1 made.
expressing any opinion as to exactly be, will mean in developing our re-'1 every mind—“What is best for Ore
Loans
and
discounts
.............
1
$28,625.74;
All corporations etc. exempt under
Authorizes to issue $1.800,000 of
where the roads will go, until such sources? Think of it—$6,000,000 in an gon ?"
Overdrafts,
secured
and
un
j the Income Tax law will likewise be
road bonds as needed from time to
time as they hold hearings in the dif undeveloped state like ours.
secured
..................................
235.03 1 exempt under the above mentioned
It is not possible to. present argu time to match the federal road funds
Get in Debt Is Advice.
ferent counties and take such formal
6,064.15 enactment.
"We hear many who do not believe ment against the need of better high available under the co-operative plan Bonds and warrants ...........
action as the law requires in locating
Banking
house
and
lot
....
2,500.00
All other provisions
of _ the law re-
ways, and the great problem that con
,
and designating the highways per in bonding or going into debt. Did fronts us is how to obtain good, per for construction of forest and post Furniture and Fixtures ....
2,000.00 1 lating to the Income Tax Law are
roads.
you ever hear of, or see anyone
manently.
manent highways at the least cost;
Requires that before such bonds are Other real estate owned ... «3,917-58 1 extended and made applicable to the
The kind of road contemplated in amounting to anything in these days highways that will benefit the great
Due from banks (not reserve
above.
the bonding act is shown in small who did not go into debt? We know est number; highways that will give issued, current funds available shall be
banks) ..................................
1,137.81 1 Any further information desired
used in co-operation with federal gov
that 97 per cent of the entire business
type.
!
may be obtained upon application to
the permanent improvement which ernment, the bonds to be issued only Due from approved reserve
"Paved Roads” arc those designated of our country is done on credit. I we so badly need.
banks ....................................
4.409-32 Milton A. Miller, Collecto.r, Portland,
as no other funds are available.
to be hard surfaced after the counties venture to say that there are very few
I 1 wouta
would respectfully can
call your alien
atten-
4-25 Oregon.
Bonds to be 20-year, 4 per cent; Checks and other cash items
prepare the road beds. This' simply among you who cannot remember the ation to the great area of unfilled land
Cash on hand .......................
4.655.30
includes grading. It docs not involve time when your entire capital con in our state, much of which would be state Board of Control to issue same Expenses ................................
1,080.92
under such conditions of refunding
There in more Catarrh in thia
the county in the expense of cement sisted of what you owed.
farmed where it not for the isolation and payment as it may elect.
section of the country than all other
or crushed rock foundations as part
"In my case I can clearly remember and hard transportation. Good roads
Total
..................................
$64,630.10
diaeaaea
put together, and for year«
An emergency is declared, so the
of the paving.
the time, and my advice to every, will bring these large tracts into cul act went into effect upon approval
LIABILITIES.
it was «opposed to be incurable.
“Post Roads” arc highways con young man is get in debt all you cart, tivation. Furthermore, the counties
Capital stock paid in .......... $25,000.00 Doctor« preacribed local remedies,
structed in co-opcration with the Fed but first be certain that your invest that now spend the most of their an February 17, 1917.
Surplus fund .........................
316.50 and by constantly failing to cure
The
terms
of
the
Bean
bonding
bill
eral Government. Any
designated ment is profitable and will bring good nual road money derived from the
Undivided profits, less ex
with local treatment, pronounced
will
be
somewhat
amended
if
the
$6,-
highway over which mail is or may be returns. This is what I have done in regular county taxes will be relieved
penses and taxees paid ..
Catarrh is a local
178.28 it incurable
000,000
road
bonding
bill
is
adopted
carried is subject to classification as a this road proposition. The only one from expending this money on the
Individual deposit subject
disease, greatly influenced by con
by
the
people
June
4.The
modification
post road. It is proposed to grade the not going in debt is a person running main thoroughfares and thus be per
to check ............................... 35,944-47 ditions and therefore requires con
post roads and put a suitable surface a peanut stand or something of that" mitted to improve the lateral roads permits the use of the millage tax Time and Savings deposits.
3,070.85 stitutional treatment. Hall’s Catarrh
and
auto
license
fees
for
payment
of
on same, (not a pavement) the Finds sort. I am sure you do not always which lead into remote points, all of I
Medicine, manufactured by F. J.
Other liabilities. Bond inter
principal
and
interest
on
the
$6,000,-
for this to come
from the Fed- want to stav in the peanut business.
est account .........................
120.00 Cheney & Co., Toledo, Ohio, ia a
which will tend toward more farming. 000 issue, instead of requiring that
constitutional remedy, is taken in
eral Government and the state bond
"Let us take a look at our friends
Taxes Not To Be Increased.
they be expended on co-operative
issue.
Total ................................ $64,630.10 ternally and acts thru the Blood on
on the north, who have a trunk line
The bonding act passed by the Leg federal projects; also it requires that
the Mttccous Surfaces of theSystem.
u “Forest Roads” arc the same as
State of Oregon,
of the islature and submitted by that body the $1,800,coo shall be expended upon
One Hundred Dollars reward ia
“Post Roads,” except that they must nearly completed the length Cascade
County of Tillamook, ss.
to.the careful consideration of the designated port or forest roads, pro
state,
and
one
east
over
the
r
*
1
®e built within or leading to national
I, John O. Bozorth, cashier of the offered for any case that Hall’s
on the voters of the state is, as you know, to | vided the federal government does
forests. The expense is shared by the Mountains. Also our friends
above named bank do solemnly swear Catarrh Medicine fails to cure. Send
have
be
voted
on
at
a
special
election
in
'
not
designate
other
post
or
forest
for circular« and testimonials.
Government, the state and the coun- south in California, where they roads June. This bonding plan will not in- -
yovernment,
_ .
, roads upon which same shall be ex that the above statement is true to the F. J CHENEY ACO.. Toledo,Ohio,
more than 1000 miles of paved
tis.
best of my knowledge and belief.
crease
taxes
on
land,
nor
does
it
in-
pended,
in
which
event
the
state
liigh-
Sold by Druggist«. 75c.
“Paved and Post Roads” arc roads and 210,000 automobiles.
John O. Bozorth,
tax on any personal prop- I way commission is given authority to
Hall’s Family Pills for constipa
“Did any of von ever stop to figure crease | the
which are to be paved by the state
Cashier.
V»
»•
«■»
s
v
nr
Vt
t
Is
r»
111
r
rnn
c
p/l
'llllnnsri-
!
....
1
1.
«»
«••-..»•«
»«««.I.
na
I
hrough
the
increased
automo-
I
expend
the
money
upon
such
roads
as
tion.
wn ,t lt
_____ to the state
it would _ be worth
over such mileage as the counties what
Correct
attest,
R.
J.
Hendricks,
bile
license
a
sufficient
sum
of
money
I
may
j be designated by the federal
”iay prepare ready for paving; the of Oregon to connect with that high
Scott Bozorth, Directors.
will be raised each . year to not only Government.
—
remainder of the mileage of these way system with a passable road. pay interest on the proposed $6,000,-
Subscribed ami sworn to before me
Y011
meet
machines
from
every
state
roads would be improved as “Post
this 14th day of March, 1917.
in the Union down there, always cok 000 bond issue, but will also provide
Roads.”
The Road Hog.
L. E. Brode,
a sufficient sinking fund to retire the
The bonding act confers full juris ing for a new and interesting drive. bonds at the end of 25 years. In this
Notary Public.
They
found
these
roads
so
profitable
diction upon the State Highway Com
rolls along at a reckless rate?
My commission expires Oct. 20, 1920.
way we will be able to build the roads
in
California
that
thev
have
iit«t
vot
The Road Hog.
passion to make minor changes in
and have the use of them during the
, Who always drives like a man who’s
location, and the Commission has ed a state bond issue of (Gs ooo.ono -v 25 year period.
to
the
Democratic T axation.
late?
«pressed its policy, w hich is to learn a large majority, in addition
Now, 1 am well aware of the usual I
------ o------
The Road Hog.
inc tacts in each locality before mak- <18.000.000 inst expended.'
odium attached to the word, “bonds”,
'1 his is an annual tax—the first tax
\\ ho steps on the “gas” when there
,rK final locations, so each state road
and 1 wish to say to you sincereley
able year shall be the year ending
is no need,
™a>’ be placed where it should be to NEHALEM FOR GOOD
and earnestly, if this act caused an in
December 31, 1917, and each year
Just to impress you with his speed?
ROADS
WITH
ARDOR
’rrve the population of the counties
crease in the general tax 1 would
\\ ho gives your rights or mine no thereafter except in cases where cor
traversed by it. Not until after these
---- -o—---
stand before you tonight opposing
porations etc. have duly established a
heed?
"«rings have been held in all the State Bonds Indorsed and Also Coun the measure. Not because we do not ■
date for the close of thiir fisical year.
The Road Hog.
«unties will it be finally determined
need the roads, but because taxes in Who won't get over to let you pass? r
ty Issue of $420,000.
1 he tax is 8 per cent on the net in
"here all these state roads will be
1 Oregon are now too high and the
come of every corporation and part
The Road Hog.
constructed. so there will be ample
Residents
of Nehalem :1”d tl,“t I people are feeling keenly the burden Who thinks that speed is a sign of nership etc.., after deducting the sum
'Tportunity for correction of errors S< ction of Til
i of taxation. But in the proposed plan
of $5,000.00 from such income togeth
class?
or changing of such local routings went on record in favor ot the pas I the automobile pays for the roads,
er with 8 per cent of the actual capital
The Road Hog.
'here same may
1..,. , be
,,w done
......... to better sage of the $6,000.000
money
¡along
with
the
appropriated
road
bonding
VV'-'|L'W
invested in such business. The income
\\ I10 seems in luck to put his trust.
S(r'e the county population.
indorsed by the Federal Government, and Drives as he thinks a daredevil must derived from the business of life,
bill and also enthusiastically
e.
arc not Anil hafigs out a sign, “Excuse my health and accident insurance com-
property
owners
positively
posai
io
vote
a
special
road
bond
a proposal to v
forced to pay increased taxes in order
for the
BIG HELP SEEN IF
' panics is specifically exempt as set
dust!”
issue f~-
— county of $420,000 at the
to build these roads.
I forth in the said Act.
The Road Hog.
election
June
4.
ROAD BONDS PASS
proposed
state
Federal Aid Needed.
Actual capital invested means actual
Who goes too fast when he
.
------o------
I Approval ' of the
Dairymen find it good busi
a meeting held in
1 cash paid in, the actual cash value, at
schools?
1 might mention that unless
■ Benson Points Out Benefits of En- bonding act came at .
p,,. crinan
ness to house and feed their
Mie
Thrnxol.
u:_u
-----
-----
,
Hall,
al
which
J.-.
>'
11
•
|
the
time
of
payment,
of
assets
other
The
action on the road question in
sue Through Highway Construc-
stock well. It costs more,
of Portland, ex-Governor of Oregon we will not benefit by the
Who behaves in general like a fool4 ¡than cash paid in, anil paid in or earn
S. R
ti°n’
but it pays. It ajso costs a
was the principal speaker in f.
ed surplus and undivided profits used
The Road Hog.
St t y"’0"' chairman of the new the measure. S. Benson, a member ot money provided for in the
little more to carry
in the business; but
Who acts as if lie's bought the street. or employed
ford bill, and I for one am
• «tc Highway Commission, in an in-
he new State Highway Çomm.ssion
Crowds you over whenever you meet. | docs not include money or other pro-
thai1'? ca"e,l attention to the fact and County Judge Hare, ot Tdlamook favor of losing this Federal
As the mean< st man hard to beat
1 pertv borrowed by the corporation or
road
construction.
On
the
other
hand
ibl 1 ■ ^"■000'00° to be made jivail-
partnership.
.
The Road Hog.
To»- 1 want road improvement, just as
e 11 the proposed bond issue car-
Foreign corporations transacting
every other citizen loyal to Oregon
^nuÎive7n"he
y
ias
r
t
Legislature
from
‘pecial election June 4,
I business in the United States are also
■ wants road improvement, and 1 fully
F°r Sal*.
•L
will pave a large portion of Tillamook County.
I subject to this tax in tin proportion
I believe that we now have the s:.ne
ÍNSU RANCE
In t'3'? tfaveled roads of the state,
'that the amount invested in the Unit-
Club Chooses Officers.
¡and sensible plan of financing a com
One half acre with house and barn, led Sates bears to the entire actual
tr i'lrt"Lr’
make it possible for
In order to insure an ovcr'*e^,'î',‘n’ ■ prehenstve, square, honorable an d
but it protect! you from all
bottom land, J4 mile from city.
I capital invested.
wmn,‘ss’on' "‘th its other funds vote in Tillamook County next J. n I practical roac
1 1! system.
money loss through th«
30 acres 6 miles South of City, with
"mt IC ■*’,ackleford Federal allot- in favor of the state
Every partnership having a net in-
\ a|. I The aut tOlIK obile owner will not suf- good house $¡700.
death, from any cause what
' come of $'000 or more for the taxable
th< 10 8ra<lc and improve roads to meeting organized thv *
increased license on his
nre^ent I fcr from 1
For rent 8 acres with house
ever, of either ainr<!a animals
■ year, shall render a correct return of
Mr',p rcmo,c sections.
lev Good Roads Chib. 1 h<”Ç pre-c” car. It hat
cn shown by ev ry state
or your whole herd. As a
the income of the partnership for the
t good roads that the : barn just cast of Fair Grounds.
prrii t„ <n' n a'so 'hows how the cx- elected b’rank Rowe as pn sidint^
J. S. Stephens.
business proposition you
' taxable year, setting forth specifically
’t'.tr* -m Ol
throughout the the new ’’rgan'M?Xv A C Ander-
rs, the saving on gasoline
cannot afford to bu without
g on wear and tear more ’Office in Commercial Building. room the actual capital inv< »ted and the
<j<v i w' he a wonderful help in its
and
the
sa
’ gross income fdr such year and the i
this protection.
’ti'ion 7 'Cnt’ en,'rcb’ aside and in ad- ‘CCre,^r H C M1ev were named as a ' than pays, . s, several times pays, for 2.
^ommiffee to draft a constitution and 'the increased license.
1 deductions which are allowed to in-’
ttHxi rr,?. c re,urns «* brings from
(dividual» under the Income Tax Law.
bvlaws for the club.
jn I At this hour when the nation stands
O. I. C Swine.
C’ntpaign Deemed Wonderful.
This tax will be computed upon the
I’ThonPt,he‘°pnro'Posîtior! of Tillamook in the shadow of peril, when the wires
“yi
-
----- —
----- o------
basis of the net income as shown by I
pi-n'i C 'he most wonderful cam- June on the prop _
j
oi from Washington a’re carrying iftws
I have some choice fall boars for Income Tax Returns of corporations
¡of a shocking nature, when the old
i... cvcr jwii
sale. Also some nice spring pigs to etc., ami shall be assessed and collect- I
»«"• , ” aatix
said , Mr. kiTt^O wa'npre’ente.l'by Fred Beal^
" e see a great number of i4Th^e present at the mcetmg: gav 1 flag again bids fair to wave over a select from, both sexes.
Both Telephones.
cd at the same time and in the same 1
I military Army in this country once
30 odd thousand
Joe Donaldson R. F. D. Tillamook. manner as the Income Tax.
TILLAMOOK CITY, OREGON.
|again,
would
it
not
be
a
refreshing
a
bcsirmg us to let them build
I
’Wem of state
highways to cost
I
HARTFORD
Live Stock Mortality
ROM. IE W
WATSON,
Agent.
National Building.