The Detroit times. [volume] (Detroit, Mich.) 1903-1920, July 07, 1916, GRISWOLD-ST. EDITION, Image 8

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The Detroit times. [volume], July 07, 1916, GRISWOLD-ST. EDITION, Page PAGE 8, Image 8
About The Detroit times. [volume] (Detroit, Mich.) 1903-1920

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The Detroit times. [volume] (Detroit, Mich.), 07 July 1916. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83016689/1916-07-07/ed-1/seq-8/>

Newspaper Page Text

PAGE 8
KOTOCONCERNS
f. FORM MERGER
[ Tb« Signal Mjtor Truck Cos. and
Cora mcrc« Motor Cos. have been
merged fn the Signal-Commerce
I Motor Trick Cos., and Incorporated
;>s• New York sUte, with 600,000
•hares of etock of no par value. The
’ g(ock la to be underwritten by 14
i'ggtntMira of the Detroit Stock Ex
change, who believe that the propo
sition will be over-subscribed.
The new company la wholly a De
troit organization and its officers are
Detroit men. Thomas Neal, former
' president, and later chairman of the
board of directors of the General
Motors Cos., and now vice-president
Os that company, will be chairman of
the new corporation’s board, and
l will direct Its policies. Among oth
or dlrectois will be Myron Neal, of
the Acme White Lead A Color
Werka; W. E. Parker of the Maxi
•Ml Crude Rubber Cos.; Arthur H.
DObl and Thomaa J. Bosquett. of the
Aetna Insurance Cos., and W. K.
Hoagland, 0 t Chicago. Several other
199a prominent in Detroit auto and
-iPMking circles are to he directors
ft the concern.
rthe merger unites two organlza
ftObe manufacturing a complete line
Os trucks. Bach la said to have
lb|wn n substantial profit la the
jgi t II months. Material lmprove
m ota are to be made in the Signal
tybfe at, and the Commerce plant is to
rfeg kioeed from Sc-lvay and Mackie
ar 10. to the Bigral company's plant,
Ni i 171 Common wealth-ave.
—of the Signal com
miy 011 about |650 000 and the
[lEt amove* about $260,000.
kamet L. Sprague, Investment
Mker, denies that any other truck
lit it ponies are to be Included In the
;iai rgar. Mr. Sprague says. It la un
n stood, the stock is to be offered
-.0 fg a share when Issued.
I Prodace |
InawlnlT man reported no
aagM In quotations this morning.
ISreoetpta all along the line ware
.wafer moderately heavy, and the tone
lllhl markfet wan firm. Home effort
■Emm mumU to advance poultry pr'cea
m BtUaThut aa the market is already
BgTMgk tha effort was not aue
•ahafuL 80 far as possible, both
and retail dealers allowed
to run down for over the long
bah liar and since that time everr-
HKTIa abort of supplies and the re-
Sjjmta have not caught up with the
ftlßKlß*— New, $1.60 01.75 per box.
gnsaas —Good shipping stock.
.HOI' l».
5r issftM—Strawberries 34-qt. oases,
gQLit#|; blackberries. $4.25 bu;
■■Mkwlll Ilia $1.5001 per bu.;
SESbemen. $1 .25 per 15-qt. case
Kaek raspberries 24-qts. Itflt.M.
pad raspberries. 34-qt*.. *SO 5 26
OstUMsta mita—Cherries. 12 25;
hiill.ala sl.6* par box; plums $t.5S;
OaistMewer—sl 50 01.75 par bos
f. '■ Cabbaare —New. $1 750 2.25 orate.
Cbaaee —Michigan flats 14Vc; New
l*lb., 154|c; brick cream. 15Ke;
Snag boras. 16 %c; daisies 1 6 Vi 4b
lapar lb.
g§Jtft*OftT OF THE CONDITION
$: '' ; OF THE
fIMERICAN STATE BANK
KmJMrolt. Mich., at the cloae of bu*l-
P'mh June 50, 1916. an called for by
Cornmisaloner of the Bank'nit
K Departmem.
i ItKSOURCKH
K. ‘.Lo*l*aand di.s< cunt*. viz:
■■MnniercUl
P dept $1,311,843.14
■Kjrtfiaa dept.. 796,250.84 :. 133.197 98
Bond*, mortgagt* and
K&k ai-curltlea, viz:
K Commercial
E and apt 9 94.1C6.69
Ejuvlnaa dept. 1.739.173.46 1,631.340 i;,
Fretnlum account 5.016 13
Kb Overdraft* None
AvcluetJ intercut 1.243.65
houac 109.060 to
TftnMtart and fixture*. . 56.730,63
ggCtther real eatate • 16.699 44
BuPna from other banka and
■fTkemkera 23.766.16
tranait 30.176 69
BNNlepanne 73.34
E HKteKKVE
■R> Commercial—
kJm« frym ba ik*
R" Th reserve cit
p.f: lea $254,639.33
RrlJ. n. and Na-
K tlonal bank
K current y .... 99,'M0 00
Ip field coin 2,472 50
BLMilrer coin 3;J. 1 44« 98
■Klekcle ant)
|jh rtati 1.256.81
ft. $399,955.62
Havln*a —
jg'Pue trpm banka
KTlr imerrt.lt
ft -We ~.5303,423.94
Ktt. H. aol Na
|| 1 tonal bank
KfcL*Mrre*ry 103.000 00
■jpsM coin 50,000.90
P * $456,423.94 847.379 56
RrCMcka end other caah
K Item • 837.69
I'..
r Total .$6.040.516.31
LIABILITIES
' Cipllal atock paid tn....$ 250. 0«0 00
nrplua fund 56.000 00
1 ynalthded profit*. i.et...; 6.01411
kvtVideml* unpaid 3,768.00
‘Commercial
depnaHa
euhjrct to
' Check ...,.$1,614,690.19
CUmmercUl
tT cerllhcmtea
#f depoalt,. 2.000 00
IBiriu
'Daaklera
fi6llf>l out
' at aad Inc ... 58.882 15
VTtate n1 on <«'a
L on depoait . 50.000 00
snLSi
l banker* . . 31.996 14
« Peat at saving*
t‘ deposits .. . $.573.*0
BlVlnca depna
-111 (Wok ac
count*) .... 2.669.015.04
' ’ of
l SlpMtl 160.749 16 4,734.733.20
Hi. Total ♦ $6,040.61 L?!
■rflUta of Michigan.
MK. /' County of Wayne. aa.:
KV A Walter .1. Mayes. •* »hier of the
named blink 110 Ml. ,1 nly MH>«r
th* above statement i* true to
of my knowledge and he
iw and correct I > feprebctit* the ini*
rß| of the several mnfter* thf'*in
BTijlHalnr 1 a* shown by the hooka
mrn. J. HAYES, Paal.ler
IP' #n>arrlbrrl and sworn t<> before me
SMt 6th day of July. 1914.
If AXEL n. *v ansickle.
fah.. Notary Pubiit. Wayne County.
■gjb bemnitaalon expire* Feb 23,
® w» fioSU M,VG
TMlvri ms smith.
MlMfifoU.- • . , . XHrectora.
C berries — Sour. • 1 110 per 16-qt
cane.
('urianis —lied, *2.5002 75 r»u.
I)rr»rd 4 alvea Ima y. I wl’ l jc ,
common. 12013a lb
JfYesh Vegetables Ore»-n perpei*
240 orate 400 bß*k-*r r.. '■ h- .
5c d< r. . parsley, 2 f ' n25 * and, i u*
cumbers, both,;’:. " " I
house tomatoes. 12'-.-iil > 11» •-* r ■ '
SOU 35c dux.: head lettuce l***b*-rg,
91.35t11.50 bu.. voix b> mu, i- ‘ ■
green beans. 11.5044 175 hamper;
Florida tomatoes. 12"' 1 •
paragus, sections. Il 25 4' l ' l" v
green peas. 11.76 02 bu . w-iti-rci- --
3r,030c per crate. gr«*«*n ,n'"r • '
lie dos: green corn. SS(O 5 1 bUI
Haney—Fancy white new U ill 7c:
amber, 10011 c lb.; exuacted. <a <c
per lb
Hay—Detroit shlpi'crs are naying
the following prices for ba> t n ■ V ' n
car lots f. o. D.. Detroit N • 1 tim
othy. 321 6off?2. standard -,m<thv
$30.500 21; llgnt mixed. t- »v I 27.
No. 3 timothy. IlSfllP. 7«r. . mixed,
f 16.500 14; N > ? mit-d 111013; N
- clover. 11.7 ts 14. rye straw I. *0 f*;
wheat end oat straw. *6 5 j < per
ton.
l.emnas— -3 4.76 0 5.25 per box
Limes *1 1001.35 per 100.
Melos, Rockvfr. and». standaras
$4.50 crate, watermelons,
each.
Nitkreomt -40t»50c lb. .
OranfeM-* < r*oi
Valencias. 33 5004 per box
OaUas—Texas Permudas. yel.ow.
32 16*7 2 25, white, 1. 2' cra’e south
ern. $3.75 v 4 per hundred rounds
Pea.hee —Texas 12 *5 ped 4-basket
crate. „ w .
Peacbee —Texas. 4-basket crate-.
$2.500 2 ,'5
rtaeapslsw—*2.7s 0 5
$1 25 01 T 5 dos; Florida#. *504 case.
Potat»es--New Southern. I’OJ-r
3.75 bhl.; »1 7502 bu.
Poultry- Rrolters. 3602'c: medi ir
hens 17 (71 Sc; stags. 12!J13c;
11012 c; Oucks. 19020 c lb.
jonnivo pan sn.
Canned t.oeds—Apples 1? 7Sff 7 50
gal.; Uma beans. slOl 25 C< rn jy.
cy Maine, 61.16: standard. II Tatle
beets. 11.*501.41. Peas: Fancy early
June. $1.30; standUrds fl. Salmon
tall, $2 30; flat plnff» Tomases.
9135 Marrowfat peas. $1: early
June. $1.60; sifted early June. 11.40 ,
per dos
read—Jobbing prices In <*.bbl. <
sacks: Bran. 124; standard middlings. ,
$26; fine middlings. I«v, cracked
corn, $33; torn and oat chop. 139 ton. .
Flanr —Jobbing prices: Heat Mtchl- ;
gal patent, $6 9s; second patent >8 70;
straight. $5 50: pure rye. »«. spring
patent, $6.30 per bbl. In paper sacks. ,
Detmit OH —Raw Unseen all s»c; j
boiled linseed. 7t>e gal in uarrel lots, j
Cierosena In Iron barrel*; Diamond •
eadlight s.*c; perfectlo?:. 15c. pal
aclne. 10.*c; rad crown gasoline, 19c
per gal.
Hardware —Nalls 32.90 ke* base;
annealed wire. 1* 90 per bundle; gal
vanised barbed wire. 3-potnt 13.2.*
par spool: galvanized aheeta, 24-
gauge. $4.80; 37-gauge. 35 10; 21-
nuge, $5.35; 30-gauge, 35.55 perewt.:
Buhl bronxed axes, single handled.
$9.60; double. $12.50 per dot.; bla k
»* eet metal, II and 24-gauss 33.25,
-gauge, $8.80; 27-gauge. gS.Sgs 36-
gauge, 33.40 per cwt Carriage bolts
small, 60c 10 and 6 off; large, 4h and
S off; machine bolts, small, 50, 10
and 10 off; large 40c 10 and 5 off list
Hldae —No. 1 ctared hides. 13 4c; No.
1 green hides 16c; No. 1 cured bulls
13c; No. 1 green bulls l n c; No. 1 |
cured veal kip. 20c; No. 1 green veal
kip. 18c; ..o. 1 cured murrain. 15c:
No. 1 green murrain. 15c: No. 1 cured
calf, flc: No. 1 rreev calf. 25c: No. 1
horse hides. $5 No. 2 horse hides, $5;
No. 1 tallow, *e; No. ? taliow. 7c; No.
$ hides lc off; No. 2 kip and cn!f.
14c off; sheepskin (as to amount of
wool). 60c053 50.
IttrHaOiith STtTWOn .HO.me TH,
Financial Strength i
| ! OF THIS INSTITUTION AS OF JUNE 30TH. 1916
RESOURCES
■ Loans and Discounts 92,040,116.26
Bonds and Mortgages 6,109,792.22 \
Ovedrafts 1.23525 ‘
Real Estate and Banking House. 233.653.73
Cask on Hand ard Due from Banks 1,564,150.41 , v
N $9,965,947-87
Capital Stock $ 500,000.00 | /
Surplus and Undividod Profits 214,315.46 1 ‘
Commordal Deposits 2,065,191.62 °'<e«»so«, rT
Saving. Dopoaita 7.189.440.59 j / >
| »9.9«0.»47.87 |®>v
I ' _
DIRECTORS DIRECTORS !
W. P. Holiday Edgar Rexford j
Chas P. Collins F. G. Clayton
Samuel Douglas Mr.Pharaon
| CentrafS»Es [ WBk. 1
Main Office, Cor. Woodward A—
I Majestic Bldg. Michigan Area.
If i:sas|« MWr
■iKHHHBHB
'‘Look at these figures’’
They eive you in condensed form the condition of the German American
Bank at the clo.<e of business June 30th. 1916, as required by the Commiwiioner
of the State Banking Department. ___ •
nr. SO IK* r.H. ..... LIABIUTIM
And FM.ronnt. M,1t5A78.»0 Capital Btyl.. ■ ••• • M*0.«o« 00
OlffdftflA • .I'jl. tHiiilfi/j I nnmJd 10 llt ft#
liraneh’BaAklaa^Hauae*!! hs'oov*** i nwtawigl y/ldk 7*l I T** 41
! KraSSlll .. . . WJMIM Sa»4na* Depoalu M
MJMJDI.U 66A64.587.i4
orricrk* directors
I yen ft Kirchner, Pm eti.pi.. r> A*r*n Ckaa r Kalthe?
Paul It Cray 1 oSta? DarmstaattaP Abn.r IC. Lamed .. •
Ohae W Kotcher > Vtra Praa p , R (}Tmy lrvtna l.on*
Abner K ' Wi liam J Hartwl*
KA ward Tenterh. c«*hler rh*» K. Kam-r ■», Mils-M
John Koch. Aeet r »»Mer , ie „ it Kirrbner ' rraalna A Newrom*. n
II J. Koeh, A«ef i «nt.ler Mas C Ko, h Ouatavoa I* lope
Emit Jacob, Auditor
German American Bank
the ne 'ml V. rut lot HR iXIIIM TO UK OrEVP.P SOON,
l.railnt and lta*tlna*. fermtale and •‘prin*well*.
Mark ami Mt. Rllntt Hamilton nnd Hehte.
Jnwph < ani|>nii nnd Newton.
ami Mlel
Financial Notes |
Amarl .u b -itit g ami Heflmng
hue reduced the price of lead from
I 7 to 6 c« ntd.
The Iri'tt A*e hn« r** eived a wire
from Duluth tbs' the ure strike att
uatl>n st.in.i* ..ut wi.ere if did a
». k at- K(T >rt# to organtxe the
without a' ail
Ore ahipiueuts are gi>it:g on steadily.
iteading officials deny the report
Wall st the company
of
ii iu*r i>r " th. the l'hiiadelphia
Re’.'.iiiig i>nl-I:'»n t’n . <>r the Read
rn. iron (*>•. t'» tie nethlehem Steel
• rjorutlon.
The formation of anothor new au
>mllr ati »n is
r waj Pi tars w- at*empt
s< ure ntr and of certain tfn
; :tant .ompanies Two similar com
■ v i-ace been launched recently.
:t• 1 Mi-tors, and Motor Products.
y 'th the American and British in
terests w i!ch will be represented
rh« new board of directors of the
irrornutmna’ Mercantile Marine Cos.
The Peoples State Bank
Announces the Removal of Its
ARCADE BRANCH
to
99 Washington Avenue
(ADJOINING THE 9TATLER HOTEL)
The new banking offices have been especially de
signed for the accommodation of its patrons and a
commodious, well appointed Women's Rest Room,
on the mezzanine floor, should be an attractive
feature.
Safety deposit vaults, equipped with the most
modem devices for protection and convenience, con
taining boxes of various sizes, for rent at moderate
prices; also space for the storage of silver and
other valuables in bulk will occupy the extensive
basement floor.
Resources Over Sixty Million Dollars.
DETROIT TIMES
favor a plan t. h .Id new #hlps out
of rtrninii. Ti ntutl' <■ plan* umlrr
way. ,*il for .-..ti-tt tt.ui of a largw
number of »h pa » .t if ia*h rva*»rves
of tha company
While new construction appropria
tions of fnited State* Steel, aware
gate «*O.OOC.4)Ui) t" I >0."00.>‘00. it is
not the purp -a • ( managen ant
to carry forward it# bunding cam
paign with a ni'.h \ lara*' amount
of money will g>> int>» onatructlon
this year, hut million* of dollar* wmh
bs held In reserve to >■ u*ed for
construction during the next parlod
of depreA on.
June wtfe the biggeet month tn his
tory of I’nlted Fruit Cos N< t pri'n's
reached 12.5K0.000 This is at least
1500.000 larger than the* big* -*t pre
vious month the conipan) ha-t ever
had. and equals over flve per vent on
the |43.ft(*n o>"> *fock During May
and June, fnlteii Fruit earned about
*4.400.000 net. a #um equal to more
than an entire year s dividend at the
rat* of S per cent.
An entirely new issue of war
bonds will be authorised by con
gress Panama canal bonds now au
thorised. are not to h* Issued to
raise money to pay expenses of any
military operations according to
present Indicstlona at the treasury
department. The Panama bond* run
for 56 years and the administration
Ii , opi>»«*il to si) years interest
i.ihatK' S Special war bonds of aniall
drU"nilnatlon» running fn»n» one to
live veara probably will be the
mediums it is stated at treasury
Woodbury. N. J.. prohibits drink
ing by city employes when on duty
REPORT OF THE CONDITION
or THE
GUARANTY TRUST CO.
OF DETROIT
At the close of business .tune SO. 191«.
** i lied for by the Commissi iaer of
the linking department. •
RESOURCES . AA
Collateral loans, lime I i.»59 PQ
Loans on real estate.
n ortjtuges. In office.. 6J.1J0 oj
Due from other banks
nnd hankers, items in
transit ® oft 00
Due from ap
proved re*
ser\e aifents 11T0.482 S9
Jflcke » and
cents ♦ el
Silver coin...* 11 ID
Gold rein *23 00 1T0.M3 10
Total » 341. 5*1 63
LIABILITIES
Capital stock paid In ...» I**.*® o 22
Burplus fund 2s
Trust deposits t. 104 1#
.Other I.abilities 94 St
Total I »41.mY«»
State of Michigan.
«' unry of Wgrna as:
I. ff V. Butler, eecretary of the
ab v» named corporation, do solemn.
lv Mwear that the above statement la
true to the beat of my knowledge
and belief.
W. V. BUTLER.
Secretary.
Subscribed and aworn to before me
this 4th day of July. 191*.
WALTER J KRUEOER.
Notary Puhllo.
Mr commission espires June 11,
1119
Correct—Atteet:
frank h bfpsenoer.
HAROLD R. MARTIN
GEOROE 11. KIRCHNF.R.
Directors.
Report of Condition of the
RrstcOld Detroit
Xvtio.xalßaxk
At the Close of Business June 30th, 1910
RESOrRCES
Loans and Discounts $32.8-3,921
U. S. Bonds 1.959.400.00
Bonds and Securities
Real Estate
Safe Deposit Vaults. Furniture and Fixtures -15 .5-11.11
Customers' Liability Under Letters of Credit 201.314.00
Foreign Bills Purchased 45,208.53
CASH RESOURCES
Due from U. S. Treasurer rf.s 320.750.00
Due from Banks 9.465.821.47
Due from Reserve Agents. 5,829.126.34
Cash on Hand 5,099,976.20
$65,364,390.35
LIABILITIES
Capital Stock $ 5,000.000.00
Surplus Fund 2,500.000.00
Undivided Profits, Net 291,900.42
Dividend No. 9, Payable July Ist, 1916 IGC.OOCOC
Reserved for interest and Taxes 168,072.21
Circulation 1,436.200.00
Bond Account 200,000.00
Letters of Credit 201,314.00
Foreign Bills Rediscounted 45,208.53
Deposits 55,421.695.19
$65,364,390.35
OFFICER**
Airs. Mrl’heraon. C hnlrman of the Hoard
Emory M. 1 lark, I'rr^tdcnt
\tm. J. firry Vlrr-Prra. 44 altrr ti. \l>'h«Ui>n f a«klrr
\t m. T. DHiraS.... Vlrr-I'rra. \\. t. M 44 hlnnry \ »«t. I »»h|rr
Frank 1.. **mlth Vlrr-I’rra. F'. F\ < brlatir %**t.f a»hlrr
Mrrlr R. Moon 4 Irr-I’rra. F'.lmrr E. F’orrt \*at. I "ihlrr
John VV. kialny .. Vlrr-I’rra. Itnuarll Fh «*mllll 4aal. ( aahlrr
Edward C. Maklrr Vlrr-Prra. Janira 4. \% llaon Vaal. t aahlrr
John »«. Hart Vlrr-I’rra. 1.. F\ Mrri Mar. Forrlsn Kirks.
CONDENSED STATEMENT
OF
Merchants National Bank
DETROIT, MICHIGAN
At Close of Business, June 30, 1916.
RESOURCES
LoaitH and Discounts $6,506,564.12
Bonds, Securities, etc 848,097.07
Customers’ Liability under letters of credit... 100,000.00
Overdrafts 307.43
Furniture and Fixtures Charged off
Cash Resources Due from Banks $1,311,679.89
Cash on hand 841,234.03
Total $9,607,882.84
- a— ■ ■
LIABILITIES. '
Capital Stock $1,000,000.00
Surplus 230,000.00
Undivided Profits, Net 173,211.86
Reserved for Interest 13,761.72
Reserved for Taxes 24,634.18
Letters of Credit 100,000.00
Deposits 8,044,255.08
Total $9,607,882.81
OFFICER*
JOHN Itf.t.mnr. t*re*Maat
II 4V ID I.R tl 4 Irr-I’rraldrnl
JOHN P. II KM MFI TER % Irr- I’mlilml
RF'.NJ. 11. VFIRNOII 4 lrr-Prraldr,A and I n.hlrr
AI.ERF.II T. EF:R< IIFIN Manner of < rr.llia
HF.MtV 441K1.1 HT Aaalaianl I n*hl«-r
44 ALTER R. JOV Aanlalant f n*hlrr
DIME< TOR*
Inkn Hnllantinr Jnkn Endlrnil Jnkn I*. Ilrmnirtrr
4A altrr O. Hrl«o l.uman 44 (tnotlrnoiiali F.aarkr 44. I.rnl,
> IlMgh t ktlmrr, |la«ld Gray 4*hrrl ► oi.rp.r
Ray E. Daaakrr Orra *. Ilawra Frrd'k 44 *tr«raa
Harare K. Iladar Flntl* *tmh
—■———in ■ ■ la.jpi.
_ - - ■ - ----- :
ADVERTISE IN THE TIMES—IT FAYS.
3% ON YOUR
DIVIDEND CHECKS
Don’t let your dividends lie dormant until ready to invest them.
Deposit them in this bank, where they will earn 3 r U interest from date of
deposit to date of withdrawal—
Interest for every day they are in the bank, whether one, thirty or a
hundred.
JULY
is the time that most banks will figure interest on savings deposits.
It makes no difference when you put your money in this bank—except
that the earlier the date the sooner it starts drawing interest.
The Bank That Says
“Thank You”
Highland Park State
Bank ofJ Detroit
43 Fort Street West—Penobscot Building.
i . r_ 2221Z3Z.ZZZZT-IJ LJL:—'.'.™*-
Detroit Patriotic Fund
I hereby contribute $ toward a fund to he
establisned for the relief of wives, children and other j
dependents left in want by the contingencies of military
service in this country's interest.
Signature
Please send contributions to “Detroit Patriotic
Fund,” care Postmaster William J. Nagel, or care Mayor
Oscar B. Marx. For information phone Light (luard
Armory, Main 4890.
CONDENSED STATEMENT
OF
Wayne County and Home Savings Bank
DETROIT, MICHIGAN
At the Close of Business June 30th, 1916.
RESOURCES
Real Estate First Mortgages $18,621,661.78
Bonds 6,912,948.77
Collateral Loans 6,718,618.88
Loans and Discounts 4,367,858.36
Banking Houses and Branches 1,374,602.87
Cash on Hand and in Banks 10,503,776.00
$48,504,466.86
LIABILITIES
Capital Stock $ 3,000,000.00
Surplus Fund 3,000,000.00
Undivided Profits 1,068,629.33
Commercial Deposits 8,524,782.38
Savings Deposits 32,911,055.13
j $48,504,466.86
V. ' ■■ ■
-■■■ j I 1 '■■■ ■" '■ 1 —r-
Condensed Statement of
The PEOPLES STATE BANK
DETROIT, MICHIGAN.
At the Cloee of Business June 30, 1916.
RESOURCES
Loans and Discounts $30,362,755.66
Bonds 7,866,852.76
Mortgages 12,363,856.77
Real Estate 108,909.85
Overdrafts 9,558.60
Banking House and Branch Buildings 1,250,000.00
Furniture and Fixtures Charged off
Cash on hand and due from banks 13,519,427.44
$65,481,361.08
LIABILITIES
Capital Stock $ 2,500,000.00
Surplus 2,500,000.00
Undivided Profits, Net 1,138,381.34
Dividends Unpaid 75,156.00
Commercial Deposits $23,633,171.31
Bank Deposits 6,855,979.65
Savings Deposits 26,778,672.78
$65,481,361.08
DIRECTORS
Runnel A. Alger M J. Murphy
George H. Harbour Frank J. Herker W Howl* Muir
W. T. Barbour Fred W. Hodges W. Na*h
John R. Bodde J. C, Hutchins T. If. Newberry
H. P. Borgman Jus. T. Keena Henry Russel
H. M Campbell H. B Ledyard Hugo Srherrr
B. S. Colburn Jaa. T. McMillan F. A. Schulte
C. A. DtiCharme R.S. Maaon Angua Smith
Jeremiah Dwyer Fred T. Moran Homer Warren
4
rrlMlnw — l lk, (Mala aeal kind—«baf Prlatl*r-lk«> plain aeat king —that
|a r<|kl —Ttafi Jab !>«*»«— Mala Aft JO. la ff«bt— -Ttaiaa Job ARM.
FRIDAY, JULY 7. 1916.

The Detroit times. [volume], July 07, 1916, GRISWOLD-ST. EDITION, Page PAGE 8, Image 8
About The Detroit times. [volume] (Detroit, Mich.) 1903-1920

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The Detroit times. [volume], July 07, 1916, GRISWOLD-ST. EDITION, Page PAGE 8, Image 8 About The Detroit times. [volume] (Detroit, Mich.) 1903-1920

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The Detroit times. [volume], July 07, 1916, GRISWOLD-ST. EDITION, Page PAGE 8, Image 8
About The Detroit times. [volume] (Detroit, Mich.) 1903-1920