Worcester Democrat and the ledger-enterprise., January 15, 1921, Image 2

About Worcester Democrat and the ledger-enterprise. (Pocomoke City, Md.) 1921-1953

Image provided by: University of Maryland, College Park, MD

                
REPORT OF THE CONDITION
of the
. Pocomoke tity National Bank
at Pocomoke City, in the state of Maryland,
at the close of business on Dec. IBSO.
RESOURCES
Loans and discounts, including re
discounts $717,085 76
Total loans $717,08' 76
Foreign Bills of Exchange or Drafts
sold with indorsement or this
bank(not shown above $ 717,055 76
Overdrafts, secured, $ ; un
secured 3,510 33
U.S.Government securities owned:
Deposited to secure circulation
(U. 8. bonds par value) $12,500 00
Pledged as collateral or other de
posits or bills payable...s 6,500 00
Owned and unpledged .... $8^,950(X)
Total U. 8. Government securities 107,0>0 00
Other bonds, securities, etc.:
Securities, other than U. 8. bonds
—not including stocks—owned
and unpledged $37,194 62
Total bonds, securities, etc.,other
than U. 8 37,19*62
Stock of Federal Reserve Bank (al)
per cent of subscription) 3,000 00
Value of banking house, owned and
unincumbered $10,50000
Equity in banking house 49,500 00
Furniture and fixtures 10,906 64
Lawful reserve with Federal Re
serve Bank 50,819 10
Cash in vault, and net amounts due
from national banks 58.039 95
Net amount due irom banks and
bankers, and trust companies
in the United States (other than
above) .... • • 3,161 73
Checks on banks located outside of
city or town of reporting bank
and other cash items 6,735 12
Redemption fund with U. S. Treas
urer and due from U. B.Treasurer 625 00
Interest earned but not collected
approximate—on Note- and Buis
Receivable not past due 3,01)0 00
Judgements 2,533 90
Total $1,103,162 15
LIABILITIES
Capital stock paid in $ 50,00)00
Surplus fund 50,000 00
Undivided profits $17,564 11
Less current expenses, interest and
taxes paid $20,517 01 27,017 10
Interest and discount collected or
credled ip advance of maturity
and hot earned—(approximate ... 3.000 00
Circulating notes outstanding —?. 11,9u0 00
Net amounts due to Nutional Hanks 43669
Net amounts due to banks, bankers
and trust companies in the Uni
ted States and foreign countries
(other than above) 1.710 79
Certified checks outstanding 176 38
Cashier’s checks on own bank out
standing 1,99120
Individual deposits subject to
check 515,406 32
Dividends unpaid 60 CO
Total of demand deposits (other
than bank deposits* subject to Re
serve $315,466 32
Other time deposits 391,433 67 *
Total of time deposits subject to i
Reserve $391,433 67
Bills pavable with Federal Reser
ve Bank 50,000 00
Totai $1 103,162 15
State of Maryland, County of Worcester, ss:
I, Jiio. W. Ennis, Cashier of the above-named
bank, do solemnly swear that tin* above
statement is true to the best of my knowledge
and belief.
JNO. W. ENNIS, Cashier.
Subscribed and sworn to before me this
•11th day of January. 1921.
EUGENE S. MADDOX,
Notary Public.
Correct—Attest:
FRANCIS M. WILSON.)
EUGENE W. VEASEY, Directors.
J. SMILES CROCKETT, i
Right Food a Big Factor
in keeping one sturdy
and fit to do things
Grape-Nuts
is a wheat and "barley food
that is scientifically made
for a definite purpose.
It has delicious taste; is
easy to digest; and con
tains all the building values
of the grains that make
for health and comfort. J
“There's a Reason
Grapes Nuts f§
Made V p W
Postum Cereal Company Inc
Battle Creek, Mich.
I rt
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3 before you contract to have your house painted E
INVESTIGATE THE MERITS OF
HANL IN E |;
| LEAD AND ZINC HOUSE PAINT i]
This paint has an established reputation of 72 years and is with- §
3 out doubt the best P aint for you to use. We will be glad to talk pair.t i
3 with you at any time. Come in E j
We also stock Berry Brothers Auto and Floor Varnishes i j
3 31
3 We have a large stock of Wagons, Buggies, Harness, Whips, = :
Robes, Dusters and in fact everything in the Harness line. The larg- -
S est stock of Horse Collars on the Shore. =
5 —————— 3
I CLUFF& COULBOURNE I
(Successors to Johnson & Cluff.) 3
| Market Street POCOMOKE CITY, MD. 3
|
REPORT OF THE CONDITION I
cf the
The Citizens National Bank
at Pocomoke Cltv in the State of Maryland
at the close of business on Dec. 29, 1920
RESOURCES
Loans and discounts, including
rediscounts. $619,536 20
Total loans $619,536 20
Foreign Rills of Exchange or
Drafts sold with indorsement of
this bank $619,536 20
Overdrafts secured $ unsecured 1,008 17
U.S.Government securities owned
Deposited to secure circulation
(U.S. Bonds par value ...$12,50000
Owned and unpledged 559,174 95
Total U. 8. Government securities 71,674 95
Other bonds, securities, etc.:
Securities other than U. S. bonds
(not including stocks) owned
and unpledged $57,28160
Total bonds, securities, etc., oth
er than U. S .... 57,28160
Stock of Federal Reserve Bank.
(50per cent of subscription) 4,500 00
Value of Banking Mouse, owned
and unincumbered $12,222 54
Equitv in banking house 12,222 54
Furniture and fixtures 7,32133
I,awful Reserve with Federal Re
serve Bank 31,896 34
(’ash in vault and net amounts
due from national banks 70,29 s 76
Net amounts due from banks,
bankers, and trust companies
in the United States (other than
above) 1,577 32
Checks on banks located outside
of city or town of reporting bank
and other cash items 1,868 40
Redemption fund with U.S.Treas
urer and due from U. S. Treas
urer 625 00
Interest earned but not collected
approximate —on Notes and
Bills re eivable not past due.... 2,100 00
TOTAL $884,910 61
LIABILITIES
Capital stock paid in., .....$ 100,000.00
Surplus fund 50,000.00
Undivided profits $24-,t<2t 96
Less current expenses, interest
and taxes paid $8,034 80 16,590 16
Interest and discount collected or
credited in advance of maturitv
and not earned—(approximate) 2,100 00
Circulating notes outstanding— 12,500.00
Certified checks outstanding 1,94121
Cashier’s checks on own bank
outstanding 1,15100
iNdivdual deposits subject to
check 340,257 98
Dividends unpaid 108 50
Total of demand deposits (other
than bank deposits) subject to
reserve $349,396 48
Other time deposits 330,223 76
Total of time deposits subject to
reserve $330,223 76
Bills payable with Federal Reser
ve Bank 30,000 00
TOTAL $884,910 61
* State of Maryland. County or Worcester, ss:
| I, Colmore E. Byrd, Cashier of the above
named bank, do solemnly swear that the
above statement is true to the best of my
knowledge and belief.
Colmore E. Byrd, Cashier.
Subscribed and sworn to before me this
11th day of January. 1921.
CYNTHIA AROIS, Notary Public.
Correct—Attest:
1L B. PILCHARD, )
W. 11. CLARKE. -Directors.
W. S. SCHOOLFIELD,)
Where Heat Is Acccptrtde.
We don’t mind a hot temp, r so much
if it comes with a sunny disposition.
WORCESTER DEMOCRAT AND THE LEDGER-ENTERPRISE
CARGO SHIP RUN
BY ELECTRICITY j
Eclipse, Soon to Go Into Service, l
First American Ship Driven £
by Such Power.
COST OF OPERATION IS CUT \
Reduced Consumption of Oil and J
Number of Crew Slashes Expense (;
In Half—Admiral Benson Strone £
for Electric Drive. £
Washington.—The first electrically
propelled cargo vessel to fly the t
American flag will be placed in serv- (j
ice at this port within the next few £
weeks hy the United States Shipping i ,
Hoard. The vessel will fly the house <
flag of the International Mercantile i £
Murine company and will be used by £
that concern in trans-Atlantic trade. • r
The Eclipse, as the ship has been J;
christened, will mark the introduction t
of electricity as a motive power for
merchant ships, the use of this power j r
in the past having been confined to : 5
naval vessels. | t
The shipping board is already so f .
confident of the success of the Eclipse t
that construction of several other (:
freighters similarly powered has been £
started. The Eclipse is of 12,000 t
dead-weight l , tons, 410 feet long and j
50 feet beam. Her electrical propul- <
j -sion machinery was built by the Gen- £
I eral Electric company at Schenectady, c
and installed by the Vulcan Iron
Works of Jersey City. v
Driving a ship by electricity means £
revolving the propeller shaft from a £
motor. To supply the power (o turn 5
this motor a generator must he opc-r- v
ated somewhere else in the vessel, Just V:
ns generators in power houses make £
current for street railways. On board e
ship these generators may be driven J
by an economical steam turbine or by t
q Diesel engine. £
Cost of Operation Cut in Half. c
The records of the electrically flrlv- J;
en New Mexico of the United States t
navy, show that oil consumption is (;
lowered about one-third by the use of £
electricity as motive power and the r
cost of operation is cut in half, prln- v
clpally as a result of the reduced num- k.
her of men necessary in engine room £
crews. c
It Is not only possible for an officer J
to operate an “electric ship” with
small levers from the bridge, but, if £
need he, virtually the entire engine
room mechanism can be handled by {
one man. Among the many advan
tages attached to electricity as sea* l ~
power are the added hull space foi |
cargo and the greatly reduced fuel |
consumption.
The first application of the electric
drive principle was made on a vessel
resembling closely the merchant ship,
although the first really successful
craft to use this power was the naval
collier Jupiter, launched in 1912. It
was this ship that proved conclusively
that electricity could be used success
fully in seagoing vessels.
When Admiral W. S. Benson was
chief of naval operations lie encour
aged the adoption of the electric drive
for naval vessels. After he had retired
from tiie navy and was appointed to
his present position ns chairman of
the shipping hoard his interest was
enlisted again in the electric drive a?
the most economical method of oper
ating merchant vessels.
Economical, Says Benson.
The admiral is the first chairman of
the shipping hoard to come out In
favor of an electrically operated
merchant fleet.
“I am convinced,” he said, “of the
possibilities of electricity in our mer
chant marine.
“We have demonstrated on our bat
tleship that the electric drive is more
economical than the ordinary drive.
We must save, every gallon of fuel
oil that we possibly can, and when I
say coal I say it with a good deal of
regret, because our competitors will
contend that we must go hack to coni
burning; that we cannot get oil In all
parts of the world, or that it doesn’t
pay, or something like that If we
ever give up fuel-oil, unless we can
get something better, we might as well
take to the woods, and cut timber
for our fuel. We can’t compete with
foreign competitors on any other
than an oil-fuel basis."
When You Are Rillious.
To promote a healthy action of the
liver and correct the disorders caused
by billiousness Chamberlain’s Tablets
are excellent. Try them anti see how
quickly they give you a relish for .
your food and banish that dull stu
pid feeling.—Adv.
i: Do You Want Fresh !
GROCERIES :
* > z
; Beef, Fresh and Salt Meats |
! a specialty. Our goods t
> are always of the best qual- t
; ity and we guarantee satis- ♦
! faction. Give us a call. 1
Z
> z
I HARRY B. MATTHEWS J
; TELEPHONE 268 |
I Half-Price Sale! I
1 Of All Ladies’ Suits, \\\
| Coats and Dresses §
0 AS AN ILLUSTRATION \l
I $50.00 Suits and Coats at $25.00
1 $35.00 Suits and Coats at 0
p $29.50 Suits and Coats at $1475 fl
We also have a number of Coats which we ai’e selling at SIO.OO to $12.50. ( 5
Misses’and Children’s Coats at the same reduction. 0 ?
I Ladies’ One Piece Dresses H
m Ranging in Price from *!'
m SM !° g ° $12.50 §
IpoO.OO to go at „ , sis 00 0
Tricotines—Blue Serges—Velours 0
I Slashing Reductions in Middy Suits and All Wool Serge Dresses For Children 0
Original Prices were from $12.50 to $7.50—T0 go at $7.50 and $5.00 \\
Ladies’ Velastic Underwear at $1.25 Men’s Fleeced lined underwear— H
We have a lot of Ladies’ Ribbed best grade at 7p<*
Underwear which we are clos- ‘ £ 3
ing out at 59c Ladies’ Half Silk Hose—all colors 39c pr 0
Mens Cotton Hose at 11c pr Ladies Cotton Stockings at _ 15c pr £i^
We are unable to list all the great bargains we are offering in this space, and so we
urge you to come in and see these great sacrifices before you buy elsewhere. We are sure
you will be money in Pocket by so doing. ‘ ' Hx
I Sale Starts SATURDAY, JAN. 15th
M. I. Heilig |
Furnishings For Men and Women
114 MARKET STREET POCOMOKE CITY, MARYLAND. 0
I Paying the Fiddler I
The country is lecovering from the effects of its orgy
of spending Extravagance, profiteering and unbridled
speculation have brought a burden to all. A cry for
economy is heard all over the land.
Such conditions have occurred before and will occur
again unless checked. In 1874 the Grange adopted
its policy of thrift. It declared opposition to excessive
salaries, high interest rates and exorbitant profits. It
proclaimed the need for the most direct and friendly I
relations between producers and consumers, that
wasteful trade practices might be eliminated.
This program represents the farm- THE COUNTRY GENTLEMAN is in
er’s attitude now —as it did then, full accord with these principles. It,
The Grange always has adhered to too, is fighting the farmer’s fight,
it. It has sought steadfastly to check By practical examples it shows how
needless extravagance, both private farmers can correct abuses. And it
and public, both individual and gov- will make you acquainted with up
ernmental. to-date and profitable farming meth
ods that are being followed all over ■
Our farmers, by reason of sane the country. This, however, is only
Habits of living, are a great steadying a part of the help and pleasure you
force in the nation. But they need will get in a year’s 52 big issues, which
leadership and a com non spokesman now cost only SI.OO. Find out for
to widen their influence. The Grange yourself! Let our secretary care for
offers you both! your order— today!
Somerset County Pomona Grange No. 5 I
Mrs. E. F. Wilson, Secretary I’ocomoke City, Md.
T. S. Lawson, Master Princess Anne, Md.
Dear Secretary: I’m glad to see the Grange being pushed with good advertising. And here’s my dollar for
Kj THE COUNTRY GENTLEMAN for a year—s 2 weekly issues. Please forward my order to the Publishers at
ra Independence Square, Philadelphia, Pa.
(My Name) .
M (My Address)
mi (Town) (State) H
Saturday, January 15,1921