T illamook headlight , march 22. 1917. Report of the Condition of FIRST 7 "CLCM I /INiTON \ ¡LLAMO AX*»**’ «AULE’ HEML0CK( SEAVEAL Mteoc CLOVt*’DALE^ T hu ** \ I LACHAI J eovo lOUFUR '^• o * cgo * crr> W A L L O w A ''CwnEML^NEw ERA rron _ zv / canbv :rTtZ>fB*^uow WALLOWA LAKI L ackam y ■P hagan ■—7 ■> 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.