The Osage County News (Pawhuska, Okla.), Vol. 7, No. 30, Ed. 1 Friday, April 2, 1920 Page: 2 of 10
This newspaper is part of the collection entitled: Oklahoma Digital Newspaper Program and was provided to The Gateway to Oklahoma History by the Oklahoma Historical Society.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
m 0SX8B OOUMTT NEWS, Friday April t, 1M0.
m
m
J-Vy l c ^vki> J c <■ ^ ^ faffcjj ^c J j v4ic ^J i •/<:>J i *•/Z'c c -^vi^
HOMES
HAPPINESS
SECOND ANNUAL STATEMENT OF THE
National Building & Loan Association
Authorized Capital $2,000,000.00
We commenced business April 1,1918, with an authorized Capital Stock of $500,000.00, without a dollar in the
treasury and without experience in the building and loan business. We have been compelled to increase our au-
thorized capital three times during the two years and the same is now two million dollars and another increase
will be necessary shortly. More than 700 Osage County men, women, boys and girls have purchased this large issue
of stock, either as an investment for the purpose of establishing a savings account or in support of loans.
There has not been a single month out of the two years of business when the business of the association lias not gone steadily forward in the amount of stock outstand-
ing, amount of loans, increase in assets and earnings. We are mighty proud of this showing; it justifies our prophecy that this association was needed in this community; that
Osage County men, women and children would welcome the opportunity offered for safe, profitable investments where their funds were under the control of local business
men of known business ability and integrity and also that Osage County home builders would avail themselves of the plan of this association of financing the purchase or
construction of homes on the monthly payment plan. We have not lost a dollar and have no delinquent accounts; we are under the supervision of the Banking Department of
the Mate of Oklahoma; investments with us are free from taxation. We are the medium between the investor and the borrower, inducing savings, thrift and economy on one
hand and home ownership on the other.
Every one who deals with us reaps a profit either in dividends, in money received ora profitable and satisfactory investment on dividends in contentment and happiness
on account of being a home owner in the most progressive county in Oklahoma.
We invite attention to the following statement of our financial condition at the close of business March 31, 1920, being the end of our second year of business. Also
to the comparative statement of stock outstanding and total assets at the close of business for each month. These statements show the steady, uniform growth of the busi-
ness of the association. There is nothing sporadic in this showing, never a month when we have not gone steadily ahead and at all times showing a steady, consistent growth.
DATE
Stock Outstanding
April 30,1918,$ 160,500
May 31, 1918, 190,000
June 30, 1918
July 31, 1918
Aug. 31, 1918
Sept. 30, 1918
Oct. 31, 1918
Nov. 30, 1918
Dec. 31, 1918
Jan. 31, 1919
Feb. 28, 1919
Mar. 31, 1919
261,100
334,050
355.950
372.950
394.650
447,550
495.650
560.650
633,250
719,400
Total Assets DATE Stock Outstanding Total Assets
$ 15,592.50 April 30,1919$ 849,300 $173,004.25
17,793.15 May 30, 1919 917,200 187,126.64
24,591-35 June 30, 1919 987,700 210,143.62
36,974.62 July 31, 1919 1,047,700 223,411.31
43,853.05 Aug. 31, 1919 1,084,000 237,663.63
52,765.45 Sept. 30,1919 1,133,900 258,252.33
58,839.34 Oct. 31, 1919 1,220,300 290,549.41
73,794.82 Nov 30, 1919 1,289,950 327,269.12
89,972.52 Dec. 31, 1919 1,452,900 398,878.37
107,448.67 Jan. 31, 1920 1,563,900 409,204.02
128,189-93 Feb. 29, 1920 1,646,500 440,280.59
157,163.08 Mar. 31, 1920 1,775,900 472,046.29
STATEMENT OF CONDITION AT
CLOSE OF BUSINESS, MARCH
31, 1920.
Liabilities.
Dues on Instalment Stock $172,316.65
Dues on Pre-Paid Stock
Dues on Full Paid Stock
Dividends Extended
Contingent Reserve Fund
Dues on Improvement Loans 41,804.08
Transfer and Cancellation
Fees 272.00
Membership Fee Account 1,405.00
Interest Account 11,050.19
Fines 17.50
86,850.00
139,000.09
14,330.87
5,000.00
Resources.
Real Estate Loans
Stock Loans
Liberty Bonds
Tax Sale Certificates
Expenses Paid
Charter Fee Account
Furniture & Fixtures
Cash in Bank
Revenue Stamps
Dividends Advanced
Reconciliation Account
$472,046.29
$458,501.50
1.320.00
1.500.00
88.80
2,212.87
502.50
422.34
7,431.67
1.44
55.07
10.10
$472,046.29
A year ago we ventured to predict at the end of our second year we would have a million and a half of stock outstanding and $400,000.00 in total assets. From the fore-
going statement it is apparent we have exceeded our stock estimate by a quarter of a m illion dollars and have also increased our assets beyond our estimate.
We want to start our third year by lending $50,000.00 during the month of April, 1920. If you contemplate building this year come in and talk the matter over with us.
If you have not already established a savings account where your money will work for you at from 6 to 10 per cent interest left us explain the workings of this institu-
tion to you. We pay dividends in money and dividends in the happy satisfaction that comes from being a real help to others in so worthy an undertaking as that of home
building. Help us to help others to make this a home-owning community.
Every man should have a savings account and own his own home.
Ever notice how your,wife can make a dollar buy twice as much as it will purchase for you? And the queer part of it is she seems to like the job.
If you have a wife of this kind, give her your money. She will spend with wisdo m and save part of it with care, and establish a savings account with this association.
Joseph—Son of Thrift—asked that in the seven years of plenty, much grain be sto red for the seven years of want which were to come. < .
This was done.
In the seven years of famine the grain was sold at high prices, bringing great wealth to Pharoah.
It is the same to-day.
The person who saves his money in time of plenty has money to spend in time of need.
Here is a man who spends his last dollar in order to make people think he has plenty of money.
That’s why he is poor—
and he knows it
This man saves a part of his income. What people think of it gives him no worry.
He knows that he is
growing rich.
Both of these men may hide their want and wealth for a time but not always. The man who—ostrich like—fools himself and others to-day, cannot do it to-morrow.
He who saves his money and his self respect now will some day have 'the esteem of others.
Opportunity crosses the path of the man with money. Start saving now that you may take advantage of your opportunity.
THE BREAD WINNER.
May do his part nobly, but unless he saves ia part, old age may find him without bread. Start your savings account now.
If you earn ten dollars and spend it, a part of it may stay with the other man. Th is is prosperity which makes the other man rich, but does you little good.
If you earn ten dollars and save five of it you have prosperity; the real thing.
This real prosperity is like Charity. It begins at home and does its first good acts for you and yours.
Suppose that pay days come often and that one spends all he earns. The result is the same as if he earned nothing.
It is what he has left that counts; the real profit which places one on the road to wealth. It is a sure, safe road.
A period of depression will undoubtedly follow the present abnormal condition. The dollar is the cheapest thing we have. Its purchasing power Is less than half its origi-
nal value. Wise persons to-day are putting oway a few dollars for the day when money will not be so plentiful.
Wouldn’t it bo a relief if you were not burdened with the thought of money to meet your expenses during your old age ?
Wouldn’t it be a plcusure if you would hnve a substantial sum waiting for you when you reach that period of life?
Wouldn’t it give you feelings of satisfaction to own your own home, all paid for and free of debt, say in about seven years.
Here is an easy way of accomplishing the above, and gathering the wherewithal to make your after-years a period of comfort and ease, froe from cares and worry.
Our present vision is that on December 31,1920, we will have two and a half million dollars stock outstand-
ing with $700,000.00 in cash assets. We invite you to assist us in reaching this objective. -The more funds at our
command, the more good we can do. Be a booster for a home institution.
The officers of this association are:—E. F. Scott, President; A- N. Ruble, Vice-President; A. W. Hurley, Treas-
urer; E. E. Grinstead, Secretary and Attorney.
DIRECTORS:—L. D. Edgington, President National Bank of Commerce, Hominy, Oklahoma; J. L. Hudson,
Vice-President, First National Bank, Fairfax, Oklahoma; A. W. Hurley, President, Citizens National Bank,
Pawhuska, Oklahoma; Ed. T. Kennedy, President Bank of Commerce, Pawhuska, Oklahoma; A. N. Ruble,
Cashier First National Bank, Pawhuska, Oklahoma; E. F. Scott, Lawyer, Pawhuska, Oklahoma; Charles F. Stuart,
President American National Bank, Pawhuska, Oklahoma. 1
NATIONAL BUILDING & LQAN ASSOCIATION
*
Rooms 307-311 Triangle Building Pawhuska, Oklahoma
SAVINGS CONTENTMENT
iiiuimmiinmivnrnn***^^****^^*1******^*........................................................******...................................................iimnnmiuu
\ Ja 7 r -> 7 AA c 7 7 A V ■> 7/\^ r -> 7\xf -> 7 -A 7 n,7 c -> 7
7 r -> 7
r-> 7’7 r-> 7 v 7, r -> 7'7 c •> 7 * 7 r ■> 7^7 r •> 7 -\7 r -> 7 ' 7 r
Jf
i
1
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
The Osage County News (Pawhuska, Okla.), Vol. 7, No. 30, Ed. 1 Friday, April 2, 1920, newspaper, April 2, 1920; Pawhuska, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc825524/m1/2/: accessed April 19, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.