Arizona republican. [volume], July 11, 1919, Page PAGE NINE, Image 9

About Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930

Image provided by: Arizona State Library, Archives and Public Records; Phoenix, AZ

                
THE ARIZONA REPUBLICAN, FRIDAY MORNING, JULY 11, 1919 .
PAGE NINE.
Report of Condition of the
Phoenix National Bank
t Phoenix in the State of Arizona, at the Close of Business on June 30th, 1919.
RESOURCES
1. a Loans and discounts, including rediscounts, , (ex
cept those shown in b and c) $1,710,482.34
b Acceptances of other banks discounted 108,512.80
Total loans 1,818,995.141,818,995.14
40,000.00
". Overdrafts, secured, none; unsecured, $1,207.71
i. V. S. bonds (other than Liberty Bonds, but including
IT. S. certificates of indebtedness):
a 1'. a: bonds deposited to secure circulation (par
value) ..$ 150,000.00
b U. S. bonds and certificates of indebtedness
pledged to secure U. S. deposits (par value).,
c V. S. bonds and certificates of indebtedness
pledged to secure postal savings deposits (par
value)
f U. S. bonds and certificates of indebtedness owned
and unpledged 393,000.00
6, Liberty Loan Bonds:
a Liberty Loan Bonds, 3, 4 and 4 Vi per cent, un
pledged .$
b Liberty Loan Bonds. S'a, 4, and 44 per cent,
pledged to secure U. S. deposits
d Liberty Loan Bonds, 3Vi, 4, and 4'4. per cent,
pledged to secure State or other deposits or bills
payable ..
7. Bonds, securities, etc. (other than U. S.) :
b Bonds (other than U. S. bonds) pledged to secure
postal savings deposits $
c Bonds and securities pledged as collateral for
State, or other deposits (postal excluded) or bills
payable 127,007.09
e Securities oilier than V. S. bonds (not including
slocks) owned unpledged 26.500.85
Total bonds, securities, etc, other than U. S.
9. Stock of Federal Reserve Bank (50 per cent of
subscription)
Furniture and fixtures
Iiwful reserve with Kederal Reserve Bank
Cash in vault and net amounts due from national
banks
Net amounts due from banks, bankers, and tram.
companies other than included in Items, 13, 14,
or 15
Checks on other banks in the same city or town as
reporting bank (other than Item 17)
Total of Items 14, 15, 16, 17. and 18 $1,314,669.33
Chec ks on banks located outside of city or town of
reporting bank and other cash items.... f
Redemption fund with I. S. Treasurer and due from
t'. S. Treasurer
Interest earned but not collected approximate on
.Notes and Bills Receivable not past due
War Savings Certificates and Thrift Stamps
actually owned
1,207.71
93,000.00
30,000.00
20,000.00
29,000.00
20,000.00
60,000.00 109,000.00
SOUTHSIDE NEWS
V. D. JOHNSON, MANAGER, PHONE 85 R, MESA
TEMPE AGENCY
Mrs. Chas. Prather at Brown
Mercantile Co.; PH. 71
TEMPE CORRESPONDENT
Mrs. Delia Drollinger, phone 20t
GILBERT AGENCY
Gilbert Pharmacy
MESA CORRESPONDENT
V. D. Johnson, Phone 85 R
CHANDLER AGENCY
Gardner Drug Cc Phone M
THE SUGAR LOAF IS
LATEST
so much bettor.- "I simply vil1 not
have mother cooking in this heat,"
declared Susan
nvhat"ll
10
moi I re
hvenMig
and the fas
Finally father summed up the
situation :
'Mother." br"il. Tni going to
PHintiu
WILL COTTON OUST
TIE DAIRY COW IS
mm
DEBATED
luran
TfflP
E
hi
L
IDE
11.
13.
15.
16.
IS
10.
20.
21
193,507.74
9,000.00
21,985.04
222,058.42
915,787.51
335,958.27
59,923.55
90,322.81
7,500.00
34,820.00
2,028.03
Total
LIABILITIES
21. Capital stock paid in
Surplus fund
-'. a Undivided profits $ 110.529.76
27. Interest and discount collected or credited, in ad
vance or maturity and not earned (approximate)
2S. Amount reserved for taxes accrued
23. Amount reserved for all interest accrued
30. Circulating notes outstanding
32. Net amounts due to National banks
:.:!. .Net amounts due to banks, bankers, and trust com
. panics (other than included in Items 31 or 32)
"1. Certified checks outstanding
'"". Cashier's checks on own bank outstanding
Total of Items 32, 33. 34 and 35 569,563.43
Demand deposits (other than bank deposits) subject
to Reserve (deposits payable within 30 days):
36. Individual deposits subject to check
37. Certificates of deposit due in less than 30 days
(other than for money borrowed)
3S. State, county, or other municipal deposits secured
by pledge of assets of this bank
10. Dividends unpaid
Total of demand deposits (other than bank
deposits) subject to Reserve, Items 36, 37,
3S, 39, 40, and 41 $3,187,188.90
Time deposits subject to Reserve (payable after 30
days, or subject to 30 days or more notice, and
postal savings) :
4 V Postal savings deposits
Total of time deposits subject to Reserve,
hems. 42, 43, 44, and 45 $ 2,940.77
16. United States deposits (other than postal savings):
c Other I'nited States deposits, including deposits-
of U. S. disbursing officers J
V!. Letters of Credit and Travelers' Checks sold for
cash and outstanding ; . . . .
36. Liabilities other than those above stated interest
earned but not collected
$4,418)094.22
t 200.000.00
100,000.00
110,529.76
2,085.30
14,452.15
78.91
144,300.00
126,561.24
387,127.56
25,441.25
30,433.38
3.070,817.33
2,940.77
50,000.00 50,000.00
Total I $4,418,094.22
Of the total loans and discounts shown above, the amount on which
interest and discount was charged at rates in excess of those permitted bv law
(Sec. 5197, Rev. Stat.), exclusive of notes upon which total charge not to exceed
r.ii cents was made, was none. The number of such loans was none.
State of Arizona, County of Maricopa, ss.
I. W. H. Thomson, Cashier of the above-named bank, do solemnly swear
that the above statement is true to the best of my knowledge and belief.
W. H. THOMSON, Cashier.
MESA, July 11. Is the cotton indus
try to put the dairy cow entirely out
of business? This is a question fre
quently discussed by south-sde ranch
ers and business men. With the pros
perous past of the long staple industry
in the valley, the prospects for good
prices this fall, and the consequent
advance in the price of land, which
even now is believed by many not to
have reached its limit, many farmers
and dairymen are figuring as to wheth
er it is going to pay to hang on to the
splendid herds of dairy cattle that
have carried them over the hard times
of the past and brought them to the
time of cotton.
A prominent rancher who has been
in the dairy business for 20 years and
who now has a number of cows and
also a considerable acreage in cotton,
said the other day, in speaking of the
matter, that if he had given his cows
away two years ago and put his land
into cotton he would have been better
off. He emphasized also the drudgery
of the twice a day milking. Another
man whose acreage runs into the hun
dreds declared that if cotton brought a
high price this fall, at least 150.000
acres would be put into cotton next
year, and that therei would not be feed
enough raised to feed the work stock
and the cows that then would be left.
This man was simply guessing, but it
is the guess of a progressive business
man and farmer who is, perhaps, as
closely in touch with the farming
community as any man in the valley.
The two men are quoted as showing
the genera opinion that appears to
exist. There are very many people
who are upholidng the dairy industry,
but the first rancher referred to re
plied in answer that those who are
talking are not the ones whose land is
in feedstuffs and who are milking a
lot of cows in. these days of cotton
prosperity. The drain on the fertility
of the land was then mentioned, and
another man whose ability as a busi
ness man and farmer is shown in the
several hundreds of acres and .various
business enterprises he owns, said:
"Well, time enough to think about
that when the land shows the drain."
But it should be stated that the last
speaker keeps a large herd of fine
cattle and is growing a large acreage
of alfalfa in addition to his widespread
59,461.33 I cotton fields.
11,796.00 The foregoing is given merely to set
forth the condition present in the
minds of many farmers. It would ap
pear from various interviews that but
little thought is being given to the
matter of soil fertility, and the surety
of the cow through both the fat years
and the lean, her well-known recog
nized ability to grow a man into a
competency, etc. To all of wihich sug
gestions the average cotton grower
makes ren.y that "60-cent cotton beats
them all."
In On Day 1,500 Crates
Fifteen hundred crates of canta
loupes from 10 acres picked in erne
day is the report from the J. O. Powers
cantaloupe patch in Lehi. The picking
had been going steadily forward, each
day seeing the melons ready for ship
ment taken off. but Tuesday of this
week marked the peak thus far with
the enormous number of 1,500 crates
for the day, and even then the entire
amount was not gathered for lack of
time. The yield in the Mesa vicinity
has been very gratifying, but the Lehi
country is especially adapted for the
growth of the cantaloupe.
TEMPE, July 11. A very pretty
marriage took place Wednesday night
at the home of Mr. and Mrs. Curt Mil
ler on West Fourth street, when Miss
Ruth A. Moss became the bride of
Frank Turner. The bride came to
Tempe only a few days ago from her
home in Mount Vernon. Mr. Turner
is one of Tempe's popular young men,
having made this his home for some
time.
Rev. E. H. Nicholson performed the
ceremony, after which light refresh
ments were served. Only a few inti
mate friends of the young couple were
present. Mr. and Mrs. Turner will
make their home on the Robichaux
ranch.
On Way to Massachusetts ,
Mrs. L. J. Hogg passed through
Tempe yesterday evening on her way
to Lawrence, Mass, taking the body
of her husband, whp died in Hayden
last Tuesday. Mrs. Hogg spent sev
eral hours here waiting for the east
bound train during which time many
of her friends visited with her at the
home of Mrs. L. Z. Wildermuth.
The Sugar Loaf grocer-- store opens
this morning at 130 North First ave
nue, next to the -Noll building. The
new grocery is the third of a chain
of retail groceries operated by the
Arizona Grocery company , and will be
under the management of C. C. Jenkins.
It is a cash and carry store and will
carry a complete line of staple grocer
ies, fruits and vegetables in all sea
sons; household and kitchen necessi
ties and smoked and cured meats of
all kinds'. In addition to the self-service
department, a candy and pastry ser
vice is to be found in the front of the
store. C. C. Jenkins, the manager, said
yesterday he believed the Sugar Loaf
is the most modern and well-stocked
grocery in town.'
The building has been extensively
remodeled and presents an attractive
appearance. The store was open yes
terday for public inspection and many
prospective buyers came in to look
over the displays.
Today many attractive bargains are
offered the housewife, and special ar
rangements have been made to ac
commodate the expected rush.
o
NEW SERVICE WILL
Has New Son
Mr. and Mrs. Forest Rich have a
new ten-pound boy who arrived yes
terday morning. Mother and son are
doing nicely.
Had Heavy Storm
A hard wind and sand storm struck
Tempe early Wednesday evening, do
ing a great deal of damage around the
city. A number of large trees were
torn to nieces, and as they were blown
down took with them several lighl
wires, causing much confusion and ex
tra work for the electric company.
PROTECT CAR OWNER
S
cuit
please j
low
mot
in.
v -TV
shock your
years to you!
ttrfTrookin!; this
b!4.3are the de
ht.Miridp in hri
nal Bid
er Snap.1!
Vtd
add several
u do no more
Snsau pre-
When children's
yearning appetites cry aloud for
sweets, there's a happy answer in
ZU ZU Ginger Snaps, which appease
the sweet-tooth craving, yet meet every
demand for wholesome nourishment.
sa
plea'
lowe
smiled
Susan ef
Zu Zu mars'
The only reastf
things were not said aEh
sert was because the fanil
out of adjectives.
NATIONAL BISCUIT
COMPANY
ts
use
of
to piC-
be tea
ool opeued
gpnueli boxes, to
ccss.
as glad. She saw that
by supplying cleanly baked Zu Zu
I made of best materials, a saving of
A new bar to motor car thieves has
been formed in Phoenix in the shape of
the Arizona Automobile Detective ser
vice, organized a few days ago by Carl
Feuerriegel, until recently a member of
the local police department. The ser
vice will be exclusively for the protec
tion of automobile owners, and will
confine its activity to keeping motor
cars from being stolen and to recover
ing cars that have been stolen.
Mr. Fe nriegel, head of the A. A. T.
service, severed his connection with
the police department, where he was
rated one of the most efficient mem
bers, a week ago to enter the new field
of protecting motor car owners. As
sociated with him in the service are
several other men of experienec along
the service's lines. The service is already-
giving signs that it will be a
popular and valuable aid to automobile
owners in safeguarding their cars from
theft.
COTTON
NEW YORK, July 10. Cotton closed
steady at a net advance of 13 to 25
points.
GOAT MILK
KMrntteMttWtBilk
Easiest to digest.
11 -o. Caa
25c
When sum- p
Is prevalent when 1
the baby 1
when cow's milk S-" crrj
cannot be depended on r - "ZfW,
then if you try Goat T'yPJT (
MiBs you will never j
WID EM ANN'S
COAT MILK
LABORATORIES
Fkyskiui B14c -,Sui Fraicifc
Sold by Druggists
Roundtrees Enjoy Weather
Word has been received from Rev.
and Mrs. Roundtree, who are located
in Santa Monica, saying that they are
comfortably situated and enjoying im
mensely the cool weather.
45,114.24
M35.00
34,820.00
FOR SALE or trade, two corner lots
at West 6th St. and Ash Ave., Tempe.
Good neighborhood, barn, garage,
chicken runs, fruit, shade, roses, water
piped, sewer paid and fenced. J 600.00.
Terms, or trade for car. Ramon Ma
zon, 746 East Adams, Phoenix, Ariz, bg
o
MERCANTILE PAPER
NEW YORK, July 10. Mercantile
paper 5 sterling 60-day bills
S4.4SU: commercial Ctf-day bills on
banks $4.48 Vi; comrriercial 60-day bills
$4.48: demand $4.49Vi; cables $4.50.
Time loans strong; all dates un
changed. Call money firm; high 7; low 6: rul
ing rate 7 closing bid 6; offered at
6Vi; last loan 6.
It makes no difference what your
wants may be, ou can have them sup
plied by using and reading The Repub
lican Classified pages.
Subscribed and sworn to before
me this 10th day of July, 1919.
(Seal) E. Q. NORMAN,
Notary Public.
My commission expires Dec. 12, 1922
Correct Attest :
H. J. McCLUNG
L. Li. HARMON
C. D. DORRIS
Directors.
Report of the Condition of
The Phoenix Savings Bank
& Trust Company
At Phoenix in the State of Arizona, at the close of business June 30th
RESOURCES
Loans and Discounts, less due from Directors
I 'ue from Directors
I'nited States Bonds
Other Bonds, Stocks, Securities, etc.
Banking House, Furniture and Fixtures -
Keal Estate
Specie
Legal Tender and National Bank Notes
Kxrhanges for Clearing
( Hher Cash Items ,
Hue from State and National Banks,
Approved Reserve Agents
1919.
$1,156,868.11
73,116.22
296,394.17
305.376.14
24,000.00
29,166.89
361.69
5,580.00
8,783.36
1,788.13
V
274,081.11 290,594.29
Total ..
LIABILITIES "
Capital Stock paid in j
Surplus
Undivided Profits, Less Current Exp. & Taxes & Inter
est paid ;
Savings Deposits $1,712,782.29
Time Certificates of Deposit 222,774.11 1,935,556.40
Interest and Tax reserve ' - 12,306.04
$2,175,515.82
$ 100,000.00
50,000.00
77,653.38
Total $2,175,515.82
State of Arizona, County of Maricopa, ss.
I, W. C. Foster, Secretary and Treasurer of the above named bank, do
solemnly swear that the above statement is true to the best of my knowledge
and belief.
W. C. FOSTER,
Secretary and Treasurer.
Subscribed and sworn to before me this 8th day of July, 1919.
(Seal) JAS. THOMAS, Notary Public.
Correct Attest
H. J. McCLUNG
L. L. HARMON
CD. DORRIS
Directors.
' We were warned against a general demonstration by -anarchists during
the first week of July. It was during the first week of July, 1776, that Amer
icans first decided to break away from a tyranny not as noxious as anarchy.
If it ia ethical to demand the extradition of the kaiser to be tried for his
sins, why not try it on Villa?
George A, Johnson Back from Hospital
George A. Johnson returned yester
day from a Phoenix hospital where
he had been for the past few days hav
ing his eyes treated. Mr. Johnson,
with his famly and some friends, were
picnicing on the Fourth when someone
flipped a small piece of watermelon
rind at him, striking him in the left
eye. Inflammation set in, requiring
constant treatment, hence the hospital
stay.
"Tis True, Tis Pity, and Pity Tis 'Tis
True"
A Mesa resident sojourning for the
summer in Colorado voices her lament
at having to pay 15 to 20 cents each
for Mesa cantaloupes, whereas when
at home a trip to the patches secures
them for 50 cents per dozen,, thus re
vealing some of the trials of those who
would leave God's country in the glo
rious summer time. ,
Establishing Offices for Brown
Comanche Peter Geoghegan, sales manager of
the Brown-Comanche Oil company in
the towns of Mesa. Chandler, Gilbert
and Glendale, was in town yesterday
and established a branch office with
G. W. Brown of the Orange Blossom
in charge, and one in Gilbert with
Judge Abe Cosby. The two gentle
men will have offices at their places
of business.
Oliver Thornton Comes Home
Mr. and Mrs. Thornton of the Hig
ley neighborhood were in Mesa yester
day to meet their son Oliver, who had
wired from Fort Bliss that he would
arrive Thursday. Thornton has just
returned from France.
Howard, another son of Mr. and Mrs.
Thornton, sleeps beneath the soil of
France. He was killed in action some
months ago.
Will Go to Tucson to Convention
Edwin LeBaron has been selected by
the local organization of the Ameri
can Legion to attend the convention at
Tucson as delegate from Mesa. Walter
Mougeot and several other ex-soldiers
are considering accompanying him on
the trip.
To say that Angeles is the best soldier south of the Rio Grande is a very
-estrained sort of praise.
Uncle Sam has a third of the world's gold, half of the world's coal, and
m even greater proportion of its common honesty.
Governments having refused to abolish conscription, the chair will now
hear from cannon fodder.
Appleby to Kansas
E. G. Appleby left yesterday for
Kansas City on a business trip which
will consume two or three weeks.
At the Majestic
The last chapter of "The Man of
Might," a five-reel production; "Ter
ror of the Range," Billy West in com
edy; "The Rolling Stone," and a Pathe
News makes up an unusually lengthy
bil for the Majestic theater today.
Now Open for Business
McDonald Motor Co.
TEMPE
Goodyear Tires, Accessories and
Repairing
MESA
TEMPE
CHANDLER
GILBERT
GLENDALE .
BROWN COMANCHE OIL CO.
his
opened offices
Mr. G. W. Brown
Orange Blossom Confectionery
also
Judge Cosby Real Estate Office
Gilbert
i
100,000 shares of the capital stock
for sale at $1.00 par value fully paid,
non-assessable in the heart of the
Duke Knowles Gusher field between
Desdemona and DeLeon.
31 -acre lease on E. H. Edwards
trust Comanche county line.
20-acre
county.
M. L. Dixon tract Eratt
Drilling two wells.
Following wells all around us. 7
new wells in last 60 days, fourteen
wells spudded in last ten days time
in short, he that hesitates is lost.
Shares $1.00. As the drill goes
down price goes up.
Phone G. W. Brown
Mesa 25
Justice of Peace Abe Cosby
Real Estate Office, Gilbert
Judge Patterson, Glendale, Phone 3.
for full particulars
Authorized Capital Stock $400,000
100,000 shares per sale of capital
stock, get in before price goes up,
BROWN COMANCHE OIL CO.
Incorporated under the laws of Ari
zona and operating the laws of the
state of Texas.
OFFICERS AND DIRECTORS
L. A. Brown, Bisbee, Arizona
President and Director
Chas. H. Dunlap. .Phoenix, Arizona
Vice-President and Director
P. A. Tharaldson, Phoenix, Arizona
Secretary and Director
W. R. Wayland Phoenix, Arizona
Treasurer and Director
W. G. Hubbard... .Bisbee, Arizona
Director.
General Offices
136 N. Center St.
Phoenix, Arizona
fiad i here
(omibrlabi
e Cite
Sheltered by mountain range and refreshed by con
stant sea-breezes, Santa Barbara offers a climate that is
"just right" for health and comfort and that makes
outdoor sport possible every day and all day.
Splendid
At Santa Barbara you find a magnificent beach of
hard, smooth, whitesand;and no treacherous undertows
or tide-rips such as are found at many other places. Surf
bathing and all sorts of ocean sports ; also an indoor
plunge for those who prefer it.
0
rive
From Santa Barbara radiates a network of mountain
drives that fill one with constant wonder and acclaim.
You wind through a country of varied beauty and
grandeur on smooth mountain roads that reveal a
new scenic delight at every turn.
(TV
3
BOOS
Anything and everything you would like to do
awaits your pleasure at Santa Barbara. Bathing, boating,
fishing, yachting, camping, hunting, motoring, horse
back riding, golf, tennis, dancing, band concerts, etc.
a varied program of sport and recreation.
Social
Life at Santa Barbara is one of continued variety and
interest. Never a dull moment what with the whirl
and gayety of the crowds, the friends who find each
other here, the varied round of entertainment that keeps
one amused and enthused the day long and the season
through. Nor should you overlook the
Mm
dBvimmneiti
that makes Santa Barbara the resort par-excellence.
You find a "homey," cheery atmosphere that smacks
of good breeding and that makes instant appeal to people
of refinement and discrimination. For information
as to accommodations, etc., write the Santa Barbara
Chamber of Commerce, Santa Barbara, California.
1
out