The Bowbells tribune. [volume], November 29, 1912, Image 8

About The Bowbells tribune. [volume] (Bowbells, Ward Co., N.D.) 1899-1969

Image provided by: State Historical Society of North Dakota

                
Per Cent Reserve,
A. C. WIPER. President
The State and Federal Banking
Certainly Good Ones™
They compel all banks doing
business in the state to pub
lisha statement of their finan
cial condition five times a year
The Statements are publishd for the bene
efit of the public, and if the same is given
careful attention, the public will know the
eral condition of the banks, and thereby be
able to determine the good ones from the poor
The same laws reguire all banks in the state to carry
at least 20 per cent of their total deposits in cash at all
times. This reserve is for the protection of depositors.
Herewith are copies of the statements of condition of the
three banks in Bowbells at the close of business Sept. 4, 1912:
First National
Deposits, $ 113,030.79
Cash Reserve, 43,820.40
3
4-
well known to all money borrowers in this community, and the
First State
$96,399.82
7,196,50
71
OF
Burke Co. State
$7,013.11
4,768.11
FARM LOANS
(J We are better prepared now than ever to make farm loans. We represent the following loan companies, both of
which have an unlimited amount of funds:
Wells & Dickey Company, of Minneapolis
Alliance Mortgage Loan and Investment Co.
of Manchester, England
Cf We have made hundreds of loans in the Bowbells country for the latter company in the past 10 years, and out of
the whole number not a single foreclosure was made. The company has always carried the interest from year to
year until the farmer was able to pay it. If you contemplate making a farm loan call at our bank and we will give
you a list of your neighbors who have made loans from this company through us. Ask these neighbors what kind
of treatment they received. Living advertisements are the best.
C[ We are now making farm loans at 8 per cent interest, and are giving the borrower the privilege of paying $100 or
any multiple of $ 100 on the note any time after the second year. This provision is printed on the note and is
made a part thereof.
U/ie First National Bank
UNDER THE SAME MANAGEMENT FOR THE PAST TEN YEARS-ALWAYS GROWING
NO. 7116.
REPORT OF THE CONDITION Of THE
First National Bank
at Bowbells, in the state of North Da
kota, at the close of business Sep
tember 4th, 1912:
RESOURCES:
Loans and discounts $ 81,626 44
Overdrafts, secured and un
secured '. 101 98
(J. S. Bonds to secure circu
lation 6,250 00
Other Bonds to secure U. S.
Deposits to secure postal
savings... 1,000 00
Expense exceeding profits.. 16 50
Bonds, securities, etc 7,526 37
Banking house, furniture and
fixtures 6,000 00
Other real estate owned 2,940 00
Due from National Banks
(not reserve agents) 5,690 84
Due from approved reserve
agents 27,877 75
Checks and other cash items
Notes of other National Banks
Fractional paper currency,
nickels and cents
Specie $ 8,415 85
Legal-tender notes 1,060 00
Redemption fund with U. S.
Treasurer (5 per cent of
circulation)
53 79
300 00
109 67
Total $149,281 69
State o North Dakota, County of
Burke, ss:
I, B. M. Wohlwend, cashier of the
above-named bank, do solemnly swear
that the above statement is true to the
best of my knowledge and belief.
B. M. WOHLWEND, Cashier.
Subscribed and sworn to before me
this 10th day of Sept., 1912.
(Seal) B. A. STEFONOWICZ.
Notary Public, Burke County, N.D.
My comission expires^ept. 17,1914.
CORRECT—Attest:
T. O. HUNTER,
A. C. WIPER, -Directors.
J. N. Fox,
REPORT OF THE CONDITION OF THE
First State Bank of Bowbells
at Bowbells, in the State of North Dakota, at the
close of business September 4th, 1912.
RESOURCES
Loans and discounts $ 66,993 46
Overdrafts, secured and unsecured.. 700 11
Warrants, stocks, tax certificates,
claims, etc 36,771 89
Banking house, furniture and fix
tures 7,750 00
Other real estate. 13,824 60
Current expenses, taxes paid, over
undivided profits 1,663 26
Due from other banks.-.. $.3,567 02
Checks and other cash
items 257 80
Cash 3,371 68
Total
7,196 50
$184,899 82
LIABILITIES
Capital stock paid in
Surplus fund
Individual deposits sub
ject to check..
Demand certificates of
deposit
Time certificates of de
posit
Cashier's checks out
standing
JDue to other banks ....
Bills payable
25,000 00
1,000 00
33,755 12
3,141 15
58,307.39
1,8
3
15
01
Total...
9,475 85
312 50
Total $149,281 69
LIABILITIES:
Capital stock paid in $ 25,000 00
Surplus fund 5,000 00
National Bank notes out
standing 6,250 00
Due to* state and private
banks and bankers 3,922 18
Individual deposits subject
to check 49,410 00
Demand certificates of de
posit 2,474 52
Time certificates of deposit. 54,977 64
Certified checks 50 00
Cashier's checks outstanding 909 36
United States deposits, Post
al Savings Deposits, $9.00 9 00
Liabilities other than those
above stated—escrow ac
count 1,278 99
96,399 82
12,500 00
134.899 82
State of North Dakota*
County of Burke.
1, M. H. Powers, Cashier of the above named
bank, do solemnly swear that the above state
ment is true, to the best of my knowlese and be
lief.
M. H. POWHRS,
Cashier.
Subscribed and sworn to before me this 10th
day of Sept., 1912.
GEO. H. PHELPS,
Notary Public. Burke County, N. D. My com
mission expires Sept. 28,1915.
Correct Attest:-
Geo. H. Phelps, M. H. PowerB, E. C. Krueger,
Directors.
Report of the condition of
The Burke County State Bank
at Bowbells, in the State of North Dakota
at the close of business September 4th, 191V.
RESOURCES
Loans and discounts 7,010 00
Banking house, furniture and fixtures 5,000 00
Current expenses, taxes paid, over
undivided profits 235 00
Cue from other banks $ 3,250.67
Ohecks and other cash
items 17.60
Cash 1,490.84 4,768 11
Total*. 17.013 11
LIABILITIES
Capital stock paid in $ 10,000 00
Individual deposits subject
to check $ 749 11
Time certificates of deposit 6,200 00
Cashier's checks outstand
ing 64Q0 7,013 11
Total 17,013 11
State of North Dakota, County of Burke, ss,
I, C. V. Alldrin, cashierof the above
named bank,
do solemnly, swear that the above statement is
true, to the best of my knowledge and belief.
C. V. ALLDRIN, Cashier.
Subscribed and sworn to before me this 11th day
of September, 1912 B. A. STEFONOWICZ,
Notary Public.
My commission expires Sept. 17,1914,
Correct. Attest:
B. H. Edminater,
A. I. Volkraann,
Directors.
B. M. WOHLWEND, Cashier
F.J. KROMAN,Ass'tCashier