The Daily Ledger. (Ballinger, Tex.), Vol. 10, Ed. 1 Thursday, September 9, 1915 Page: 3 of 4
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THE DAILY LEDGER
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C. E. Schaff
On the “Katy” Payin8 Her Bill*.
STOMACH TROUBLE
FOR FIVE YEARS
of our friends and
ill be ample finan-
We wish to direct the attentio
customers to the fact that there
cial help to handle all legitimate business, and we are
prepared to take care of our full share of the commer-
cial activities of This community.
Member Federal Reserve Bank.
...THE...
FIRST NATIONAjL BANK
OF BALLINGER
“THE BANK OF .'STEADY SERVICE’’
WhMi the “Katy” pays her monthly accounts, she
rearhes down in iaer stocking and pulls out a roll of
bills large enough to burn up a wet mule. If s-be paid
off her annual accounts in silver dollars and stacked
them one upon the other they would reach sixty-eight
miles high, would fill sixty-three box < »rs and weigh
one thousand two hundred and fifty-two tons Lying
side by side along the track of the Missouri, Kansas
and Texas Railway, they would reach trom Galveston
to St. Louis, and double tra< k from St. Louis to Sedalia
When she opens the pay <ar door twenty thousand men
struggle to "touch the hem of her garment," and when
she pays he? other expenses a A many more smile upon her. Her money
speaks every language, visits every clime and is changed into tne coin of every
nation.
Mr. C. K. Schaff. President of the M„ K. & T. Lines, t lien asked to give
the disbursements of his road, during the past year, said in part:
“Comparatively few people appreciate what tremendous sums of money
are distributed by the railroads of the country. Last year the Katy," for
example. p3id out in wages of employes alone over twelve million dollars,
and disbursed for material and supplies nearly three million. The locomo-
tives handling our last year’s business consumed coal to the value of two
million ninA hundred and thirty thousand dollars, and the tax gatherer came
in fpr the neat sum of one million three hundred and twenty-two thousand
dollars; other operating expenses aggregated over three million dollars.
Interest amounting to nearly six million five hundred thousand dollars was
paid to thousands of bond holders.
Thera were millions of transactions involved In the receipts and dis-
bursements and there Is ha. dly a bank in the world which did not handla
some item in connection with the M., K. & T. business last year.
C-ofiJider for a moment the millions or people outside of railway em-
ploye* w ho are Indirectly benefited if not entir ely dependent upon, the
greatest of all industries of the United States."’
Hughes Would Die, Cut
Oce Helped Him to
Recovery.
Majority of Friends Thought Mr. j tak!nK other medicines. I decided to
lake his advice, although 1 did not have
any confidence in it.
I have now been laking Black-Draught
for three months, and it has cured me—
haven’t had those awful sick headaches
since 1 began using it.
I am so thankful for what Clack-
Draught has done for me."
Thedford’s Black-Draught has been
found a very valuable medicine for de-
rangements of the stomach and liver. It
is composed of pure, vegetable herbs,
contains no dangerous ingredients, and
acts gently, yet surely. It can be freelfr
used by young and old, and should be
kept in every family chest.
y*
Pomeroyton, Ky.—In interesting ad-
vices from this place, Air. A. J. Hughes
writes as follows: “I was down with
Somach trouble for five (5) years, and
%ould have sick headache sc bad, at
Imes, that 1 thought surely 1 w ould die.
I tried different treatments, but they
did not seem to do me any good.
i got so bad, I could not eat or sleep,
and all my friends, excep" 'me, thought I
OUR PUBLIC FORUM
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Madames Dunn and Bauman,1
of Talpa, and Airs. Erwin of
Santa Anna, were among the mini
ber who attended the Ladies’
Missionary Meeting in Bailinger,
returning home Wednesday after
noon.
Bank No. 14.
DEGENERATIVE DIS-
EASE A MENAGE
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By United Prc***
ROCIjESTER, N. V-. Sept. !*.—
Various la I arms were sounded to-
OFFICIAL STATEMENT OF I day by speakers before the an-
TBE FINANCIAL CONDITION nual session of the American
Sthe Ballinger State Bank &1 Public Health Association, attend-j
Trust Co., at Ballinger, State of >1 by public health officers and
Texas, at the close of bus-! men from all parts of the
iuess on the 2nd day of Sept. 1915 * nitned States. I robablv
'nitned States. Probably the
published"in' the Ballinger Daily : ,,,nst -^artling; statistics presented
Lecjjjr, a newspaper printed an d ( jse f "0 ™ {, v
pu&d at Ballinger, State ofjt-^ousi of New York, on
JL ... .. . iTPHSlMir Fl"trpnii‘ )N»‘HSP
Texas on the 9th day of Septem-
her, 1915 '
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Resources.
Loans and Discounts, per-
sonal or collateral $116,921} 9b
Loans, real estate
Bills of Exchange
“cotton”
Revenue stamps
Real Estate (banking
house
Other Real Estate
Furniture and Fixtures
Due from Ap-
proved Reserve
Agents net $18,016 63
Due from other banks
and bankers, subject,
to cheek, net 1,809.33
he..!th j roblem.
Organic Disease
red is the new
Rit
“Iu-
which
public
J. M. Potter
On Business Methods in Msrketina.
The Executive Committee of the Texas Bankers* As-
sociation. workiue in connection rind in harmony with the
bankers aim business men of Texas, are making an ear-
nest and per-isient effort to get warehouses built for
the storage and protection of all farm products, especi-
ally cotton. It has always been said, that the farmer be-
ing primarily the producer of the world's actual needs, is
the most independent business man among us. This prob- 1
ably should be true, but a la:ge per cent of the farmers are :
in fact quite dep*ndetit. making themselves so by con-
tinually putting tbemselxes at the mercy of the man
who buys their crops. This awkward and unbusinesslike
situation grows out of the fact that the farmer has no
place to store his crop after it is made. Wheat is now bringing a fair pri'-e j
•*ui everybody believes it will go higher, yet in the face of this good pros-
pect for advanced prices, the farmers ail over this country are forced to sell I
their wheat because they ha\e no place to store it The facilities for storing
and protecting cotton are much worse than the wheat.
The tanners of Texas lost by country damage enough in the past few
years to build sufficient storage room for all the cotton grown in the Stu:e.
hi view ,»i the facts above set forth and the unsatisfactory conditions aris-
ing therefrom, the hankers are anxious to see suitable warehouse* built
and cotton stored therein where it o n he protected from ihe weather and
frcrn fire and made a basis of credit for carrying on the business of the coun-
try.
3533
Report of the Condition of
THE FIRST NATIONAL BANK,
of Bill linger, in the State of Texas, at the close of business Septem-
ber 2nd, 1915.
RESOURCES.
Loans and discounts (except those shown on b)
................................ .$376,736 73
Total loans...............'..../............... $3.76,736.73
IS. bonds deposited to secure circula-
tion (par value)....................$100,000.00
I . S. bonds pledged to secure postal
saving (par value) .........J......$ 1,-500.00
Total U. S. bonds ..................
Subscription to stock of Federal Reserve
........ bank.......... $13,600
Less amount unpaid.........$ 6,800 $ 6.800.00
All other stocks, including premium on same
Value of banking house (if unencum-
bered) ..... ..................... $ 20,000-00
Equity in banking house............
Furniture and fixtures..............
Real estate owned other than banking
house ...........................
Net amount due from Federal Rt serve
Bank ..........................
Net amount due from approved agents ill
New York, Chicago, and St. Loins. $ 23,992-60
Net amount due from approved aguits in
other reserve cities............... •$ 17.546.79
$101,500.00
$ 6,800.00
$ 20,000.00
$ 5,000.00
$
28,773.93
5,611.70
4* The Deceasing waste of Amer-
ican vitality and life from degen-
erative diseases among wage
j earners and other classes is rapid-
710 661 b’ reaching the magnitude of
' national
27.00
4,523.50
menace.
Rf*-
(’ash Items 1.148.2.)
Currency 5,480.00
Speeie * 1,993.04
interest in Depositors
Guaranty Fund
Other Resources as
follows: Assessment
Guaranty Fund
<i
said Dr. Rit-
tenhouse. •"Surely the doubling
°0 000 00 thej mortality rate from this
*V506*33 i (-al,se should be a matter of seri-
1 ous piiblic concern.
In tfcree decades the death rate
from rnie breaking down or wear-
ing oi® of the heart, arteries, and
kidneys has increased 100 per
cent. In the period from 1900 to
1910 the increase has been as high
as 3S per cent in some states a id
no less than 17 per cent in every
state. In the preceding ten years
the increase .vas 52 per cent
among more than four million
men in mechanical industries and
in the laboring, servant and agri-
cultural classes combined "
The condition described, said
19,825-96
8,621-29
2,713.67
309.16
i
hygiei e to cheek the other Action
is needed.”
Mi-
lt
Dr. Rittenhoii.se, is local to Auier-
)fota| ............$188,920.53 'ca> n»t being found in European
_ ; countries.
Liabilities ‘‘There are constantly approx-
Capital Stock paid in 60,000.00 imatelyi 15,000,000 Americans in
Surplus Fund 9,500.00 the ‘development period,’ said the
Undivided profits, net 3,241.79 speaker) ‘ This period ranges
Due to Bank? and Bankers f»o ma *ew weeks to several vears
subject to check, net 9,168.16 which the disease may be
Individual Deposits, sub- - checked or cured. Most of these
iect to check 73,308.521 }m‘ Hrittuig into disease
Time Certificates of De- unkomvingly. They are unin-
... 8 702-06 formed, unwarned. Ir the state
S payable and ' ''an aFf.nd fi*ht |rrm dis..»*.-»
Rediscounts 25.0P0.IK, "by not de-em-ratm; dtsesse; It
_____ it caiLt. neli community hygiene
T))tji| ........$188,920.53 to chej-li one. why not individual
STATE OF TEXAS,
Countv of Runnels,
WeVhas. S Miller, as presi-1
deal, and C. A. Orbeek as ass t.
c/shier of said bank, each ot us. do
/solemnly swear that the above ,
statement is true to the best of
oacknowledge and belief.
W' Chas. S. Miller, President
C. A. ORBECK Ast. Cashier ;
Sworn and subscribed to before
me this 8th day of Sept. A D. i
JQAK
▼ SAM BAKER,
Notary Public Runnels Countv,
Texas.
(Sea!)
Correct—Attest:
X. J. Allen,
C. S. Miller.
C. A. Orbeek,
Director*.
Net amount due from banks and bankers
(other than included in 9 and lOj .
Other cheeks on banks in the same city
or town as reporting bank.........
Outside cheeks and other cash item.-. ...$
T!,e wiit, r hereof. a« chairman of the 7th Distrirt T^xas Bankers' Asso- j Fractional currency nickles and cents •$
nation, has called the attention of every bank in th, district-over four j Notes of other national banks......
am.-ireil—to ihe needs mentioned herein and urged action in all of their re-
-pective comities where cotton is raised or handled. The Pe\mth District is
s* .a.ge and its interests -o varied, that uniformity of purpose and action
:s hard to obtain: nevertheless much interest lias been aroused and many
nev warehouses are being built and old ones repaired so as to meet all re-
quirements. At this writing conditions are such as to increase the difficul-
ties that already beset us in the exportation of our surplus cottou and like-
wise intensify the need for storage for our l?Lv cotton crop.
In my long experience in the banking business. I can scarcely recell a
time when a farmer could not get credit extended and increased on s'ored
and Insured cotton. Our new Federal Hank.Law as interpreted by those in-
Trusted r. !h its administration, has not only increased and made more rapidly
available the facilities for handling such cotton, but has fixed beyond eont >-
versv the value and negotiability of duly executed warehouse re, -ini® out
of the conditions above recited have grown the consistent and persistent
effort* of the bankers of Texas to get the cotton grower to nouse iiis crop and Surplus fund
•lace it on the market in such a business-like way as to secure the be*t pos* '
viLie results The effects of this campaign, i am persuaded, will ae gratifying
to all part.es interested therein.
5,229.56
302.85
$
$
-$
$
41.539.30
2,555.32
3,52422
5,532.41
6,790.00
$ 24,126.20
$
$
5,000.00
9069
OUR PUBLIC FORUM
C. E. Schaff
On The “Katy” Going to Church.
The railroads art fast becoming the great mora:
educators of the nation. A big corporation issuing an
ordei against immorality is more far-reaching in its
effect than the most powerful sermon. The fear of a
time check ofttimes has more influence tor righteous-
ness than the fear of the great conflagration
.Mr. C. E. Soiiaff, President of the Missouri. Kansas
and Ttr.as Lines, when aA-d what that road was doing
toward influencing religious growth and moral progress
of ihe country his railway serves, said in part:
“i lie M.. K. & T. Lines are as liberal as the law will
pm mit in issuing passes for religious and charitable
p,)ip..ses. We give fiec transportation to such otganizations and issue the
o.ergy half rates and we aiso make reduced rates to religious conferences
conventions, etc. It is o.ir policy to co operate in every wav possible that a
common carrier i.in consistently do in the moral uplift of the communities we
serve.
Lauiul money reserve in banks:
Total coin aud certificates.......
Redemption fund with F. S. Treasurer
(not more than 5 per cent on circula-
tion' .............................$ 5,000.00
Due from U. S. Treasurer.............
('listoiners liability account of ac-
ceptances .........................
i** * --
Total .........................................$633,580-59.
LIABILITIES.
Capital stock paid in.................. $200,000.00
...................... $ 26,500.00
'Pot a I Capital and surplus........... $226,50000'
I udivided profits .......$19,264.49
Reserved for taxes ......•$ 1.500.00......................
Reserved for ........................ $ 20,764.49
Less current expenses, interest, and
taxes paid ......................$ 3,22258
Circulating notes ....................$100,000.00
Less amount on hand and in Treasury for
redemption or in trainsit............
Due to banks and bankers (other than
included in 5 or 6..................$ 8,091 .,>4
Demand deposits:
Individual deposits subject to cheek .
Certificate of deposit due in less than
30 days .........................
Cashier's cheeks outstanding.......
Costal savings deposits ...........
Total deposits. Items 4. 5, 6, 7. an.
Time deposits (payable after 30 days,
subject to 30 days or more notice:)
Certificates of deposits...........
< 0her time deposits ..............
541.91
$100,000-00
.$268,213.58
..$
. .$
--$
8
750.17
908-77
414.64
.$ 11,159.98
$278,378.70
.159.98
i., ___
T^M E
FARMERS & MERCHANTS
STATE BANK
£ " j ■ y*
FATHERS’ And MOTHERS' BANK f
cyj ■ • w* * ■ *
THE BANK THAT HELPS YOU
DO THINGS
C orrect-—Attest
w’e eiifl-avct to employ only men of high moral standnnls and prefer to
gel them from I'hri^iiai. hou.es. Ii is as important that our employes te
morally cai-afile a.*, trial th.-v be physically sound, and we encourage righteous
living in ev».y reasonable manner.
1 fie company contribute-:- liberally towards the support of the Railway
luung Mens Christian A.*s »»iations, winch have a large membership At
•east *10 per cent of o.ir trainmen use the Y. M. C. A. Substantial and com-
rortable buildings are maintained at the principal terminal points along ottr
line for the ise of our employ es where they are provided wjtfi baths, clean
u ds. reading ami social rooms, etc. This association is lifting much toward
tto moral ami physical uplift of the men in the way of providing them w fth
wholesome environment which they might not otherwise have opportunity
to enjoy.
We encourage Y. W. C A. matrons to occupy office space in our sta-
tions and our employes co-operate with them in their work. In this and other
ways the railway co-operates in work which in its inception and actual opera-
tion has a vital effect in producing better conditions of life and morals.
Rather than tnat a railway has no soul, it she ’d be saia that the railway <'ash and Exchange
naa a soul as Di£ as its operations and as far-reaching as its influence.”
Tot id ......v...................................$633,580 59
Stat(> of Texas, county of Runnels, ss: I R. G. Erwin, cashier
of th<* above-named bank, do solemnly swear that the above state-
ment is true to tlie best of mv knowledge and belief.
R. G. ERWIN, Cashier.
Subscribed and sworn to before me this 8th day of September,
1915
J. WIIIT PATTERSON, Notary Public.
J. Y. PEARCE,
D. M. BAKER,
J. MeGREGOR,
Directors.
Lujiiis and
RECAPITULATION.
Resources. Liabilities.
Discounts.$376,827.42 Capital Stock ......
U. S. Bonds......... 101,500.00
Banking House furn-
iture 1ii<{ Fixtures.. 25.000.00
Real Estate ......... 28,77393
Stock Federal Reserve
Bank ............
Surplus and Profits
Circulation .......
Deposits ..........
. $200,000.00
. 44,04191
100,000.00
. .289,538.68
. 6,800.00
. 94.079.24
$633,580.59
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Sledge, A. W. The Daily Ledger. (Ballinger, Tex.), Vol. 10, Ed. 1 Thursday, September 9, 1915, newspaper, September 9, 1915; Ballinger, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1137826/m1/3/: accessed July 8, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Carnegie Library of Ballinger.