anaheim-gazette 1925-04-16

Anaheim Gazette ESTABLISHED 1870 ISSUED EVERY THURSDAY Henry Kuchel, Editor and Proprietor SUBSCRIPTION PER YEAR $1.50 SIX MONTHS $1.00 THREE MONTHS $ .50 Entered at the Anaheim Postoffice at second-class matter GAS COMPANY SELLING BLOCK OF SHARES Big Improvements and Expansions Under Way by Corporation The local Southern Counties Gas Company, operating gas properties not only in this city and in Orange county, but in more than 50 communities of Southern California, is offering to the public on the "consumer ownership" plan a new issue of 12,000 shares of 7 per cent cumulative preferred stock, totaling $1,250,000 par value. The company opened its selling campaign actively here today, when Walter S. McFarland, secretary of the organization, visited the local gas office to explain the various features of the stock to the employees. The secretary spent the day with J. C. Hayden, Orange county manager of the Southern Counties organization, visiting all of the several gas offices in the county. According to Secretary McFarland, the stock is being sold in all of the 27 offices of the gas utility. It is selling for $100 a share if purchased Husband was due for luncheon in 10 minutes. Lack of facilities made it impossible to prepare the meal on time. Fried wife had read that the Senate, in order to accomplish lastly known writ Walter S. McFarland, secretary of the organization, visited the local gas office to explain the various features of the stock to the employees. The secretary spent the day with J. C. Hayden, Orange county manager of the Southern Counties organization, visiting all of the several gas offices in the county. According to Secretary McFarland, the stock is being sold in all of the 27 offices of the gas utility. It is selling for $100 a share if purchased outright, or at $101 a share if bought on the installment plan. Under the decision of the Railroad Commission of California authorizing the issuance of this stock, the entire proceeds must be used in defraying the costs of additions and betterments to the properties of the company. At present the Southern County Company is active in developing its properties in various parts of Southern California where its product is used by more than 100,000 consumers more than 20,000 of whom live in Orange county. The value of the tangible property of the utility, including the proceeds to be derived from the sale of these securities, after deducting bonded and all other indebtedness, leaves an equity of approximately $10.34 behind each share of the new issue. The value of the tangible property has increased from $674,225.48 in 1912, to $16,149,902.13 as of February 28, 1925. Interest at the rate of 6 per cent per annum will be paid by the company on all installment payments upon the purchase price, giving the investor a 6 per cent yield upon the investment from the outlet. Investments may be made in any amount from one share up to, but not exceeding 50 shares, to any one person, the company's desire being to sell its securities to a large group of its consumers in Orange county and throughout its territory. Payments may be made in 10 equal parts, Hayden said. To provide a convenient and quick market for the investor, the company will make application for listing the new security on the Los Angeles Stock Exchange. ZANE GRAY FILM RECREATES WEST "Thundering Herd" Proves Cities of Today Sleepy Towns in 1976 As radically as a covered wagon Husband was due for luncheon in 10 minutes. Lack of facilities made it impossible to prepare the meal on time. Fried wife had read that the Senate, in order to accomplish last moment work, turned the clock back. But, unlike the Senate, it was no lack of efficiency that compelled her to stop the clock, but that her kitchen was not equipped with the character of appliances that make for efficiency. She was compelled to resort to subterfuges. Preparing meals three times a day is drudgery at best, but without the proper equipment it is heart-breaking work. A woman cannot afford to be a drudge, to do with her hands work do better. A little thorny Quoting from Ially known writer "After a severe which we study schools and they we found almostization represent living, from that that of the mare still pioneer try, women who keeping in the imaginable, wit faucet, the bon- Will Your LET'S Pretend it's Thanksgiving are coming for six o'clock. "Why—there's only one answer is quite correct, unless you see, women who own Lorain Ranges can cook a Whole Meal—she meat and dessert—in the oven at once the meal is cooking they can go to football game, visiting, or do other house for three, four or five hours. At the end of the pre-determined dinner will be found deliciously done serve—and all cooked without spending in the kitchen. Now, will your gas range do that? Of these things? Does it enable you canning in the oven by the sterilizing easiest, surest, quickest and best one easy turn of the Lorain Red Wheel gives you a choice of 44 meats and vegetables." ZANE GRAY FILM RECREATES WEST "Thundering Herd" Proves Cities of Today Sleepy Towns in 1876 As radically as a covered wagon differs from an automobile, so a midwestern town of 1876 differs from one of the present day. No section of the entire world has changed so much in the past 50 years as have the towns of Kansas, Missouri, Colorado, Montana and Wyoming, as motion picture directors have discovered to their cost when endeavoring to recreate for the films some vanished center. The sleepy freighting posts of the old West are today bustling cities. For the production of Zane Grey's "The Thundering Herd," coming to the California for Sunday, Monday and Tuesday, which William K. Howard directed for Paramount, an exact replica of an old-time trading post was built. Pioneers declared it was correct in every detail, according to their memories of old towns such as Fort Worth Village, Dodge City and Salt Lake City. It is stated that the gunfire on warships can now be directed by radio. This does not mean, however that there is going to be any effort to jazz up the navy. One of the worst fist fights in history occurred the other day in the French chamber of deputies. But this isn't near as terrible as one of Tom Heflinis speeches. WOMAN WHO STOPPED THE CLOCK home herself, but the one who assembles most wisely, with due consideration for her needs and her purse, what others have made and invented for her." What better argument could be advanced for the modern kitchen appliance? With the installation of a 1925 model gas range, an automatic water heater, an automatic clothes dryer, a mangle and a washing machine, the home factory is equipped to compete with the factories of the nation. IT PAYS After a conference with the President the other day Senator Reed Smoot of Utah announced that there would be a $300,000,000 surplus at the close of the present fiscal year, and tax revision downward when congress meets next December. Secretary Mellon later concurred in the statement that taxes could and would be reduced. Senator Smoot stated also that in addition to the general slashes on income tax rates he expected there would be an elimination of certain miscellaneous taxes, such as those on the sale of automobiles. Evidently it really pays to keep cool with Coolidge. PLANS ANNOUNCED FOR PROGRAM AND DANCE S. O. Beery, president of the Michigan Society of Southern California, announces the completion of the plans for their program dance on Friday evening, April 17, at the Ebell clubhouse, 1719 South Figueron street. A program of talented artists has been arranged for, through the courtesy of Mrs. Austin Cadwallader, prominent in Wednesday Morning and other Your Gas Range Do This? end it's Thanksgiving Day. The family is going to the matinee, and friends ming for six o'clock dinner. It's the maid's day off. What will you do? there's only one answer," you say, "stay home and cook the dinner." And your suite correct, unless—you own a Direct Action Gas Range equipped with the LORAIN OVEN HEAT REGULATOR men who own Lorain-equipped Gas ook a Whole Meal—soup, vegetables, ert—in the oven at one time. While looking they can go to the matinee, visiting or do other work about the e, four or five hours. If the pre-determined time the entire found deliciously done and ready to cooked without spending one minute gas range do that? Or will it do any Does it enable you to do all your oven by the sterilization process— rest, quickest and best way to can. And, are you absolutely certain every time you place a pie; a cake, cookies, biscuits or bread in the oven that they'll come out "just right" every time? If you can't do these things with your gas range you should be willing to make most any sacrifice to buy one equipped with the Lorain Oven Heat Regulator, which makes all these things possible. We'll be glad to explain and demonstrate the remarkable advantages of the Lorain Oven Heat Regulator, the device that measures and automatically controls the heat of the oven. Come to our store and learn for yourself. Direct Action Gas Ranges are Lorain-equipped You put your baking directly into the cold Direct Action oven. You do not light the burner until the baking does this with a Direct Action because of the open oven construction, with its absence of heavy oven bottoms and fine walls which is other stores. We'll be glad to explain and demonstrate the remarkable advantages of the Lorain Oven Heat Regulator, the device that measures and automatically controls the heat of the oven. Come to our store and learn for yourself. Direct Action Gas Ranges are Lorain-equipped You put your baking directly into the cold Direct Action oven. You do not light the burner until the baking is in because the oven heats almost instantaneously. This means a saving of time and gas as there is no wait to preheat the oven. You can do this with a Direct Action because of the open oven construction, with its absence of heavy oven bottoms and flue walls which, in other stoves, have to be heated before the oven is ready for the baking. MODERN APPLIANCE CO. 342 W. Center St. Phone 804-W PACIFIC HEATING APPLIANCES Correct Dress Is The Key To The Office Marked, "Privaté" THE man of good appearance gets into favored places from which the carelessly dressed man is shut out. It's the way of humans to show respect for the man who shows respect for himself. You can't get away from it, and you can't get away with anything else now-a-days. Spruce up in your dress and get up in the world. Let us demonstrate that Quality carries no price-penalty and that Smartness bears no luxury tax. P.H.M. Closkey CLOTHIER P.H.M. Closkey CLOTHIER "DRESS WELL AND SUCCEED" Charter No. 6481 Reserve District No. 12 REPORT OF CONDITION OF THE First National Bank AT ANAHEIM, IN THE STATE OF CALIFORNIA At the Close of Business on April 6, 1925 RESOURCES 1. a Loans and discounts, including reddscounts, acceptances of other banks, and foreign bills of exchange or drafts, sold with indorsement of this bank.....$1,477,888.97 Total loans ..... $1,477,888.97 2. Overdrafts, secured, none; unsecured, $634.43 ..... 634.43 4. U.S. Government securities owned: a Deposited to secure circulation (U.S. bonds par value) ..... 100,000.00 b All other United States Government securities (including premiums, if any) ..... 71,000.00 Total ..... 171,000.00 5. Other bonds, stocks, securities, etc.: ..... 212,196.00 6. Banking House, $75,102.63; Furniture and fixtures, $34,745.17 ..... 109,847.80 8. Lawful reserve with Federal Reserve Bank ..... 124,319.00 9. Items with Federal Reserve Bank in process of collection ..... 24,064.31 10. Cash in vault and amount due from national banks ..... 196,376.26 13. Checks on other banks in the same city or town as reporting bank ..... 12,998.97 Total of Items 9, 10 and 13 ..... 233,439.54 14. b Miscellaneous cash items ..... 783.48 ..... 783.48 15. Redemption fund with U.S. Treasurer and due from U.S. Treasurer ..... 5,000.00 16. Other assets, if any ..... 412.00 Total ..... $2,335,521.22 LIABILITIES 17. Capital stock paid in ..... $ 150,000.00 18. Surplus fund ..... 50,000.00 19. a Undivided profits ..... $56,945.22 b Reserve for none ..... $56,945.22 c Less current expenses paid ..... 27,700.48 ..... 29,244.74 21. Circulating notes outstanding ..... 100,000.00 22. Amount due to Federal Reserve Bank (deferred credits) ..... 9,140.41 24. Amount due to State banks, bankers, and trust companies in the United States and foreign countries (other than included in Items 22 or 23) ..... 30,364.43 25. Certified checks outstanding ..... 303.14 Total $2,335,521.22 LIABILITIES 17. Capital stock paid in $ 150,000.00 18. Surplus fund $ 50,000.00 19. a Undivided profits $56,945.22 b Reserve for none $56,945.22 c Less current expenses paid $27,700.48 $29,244.74 21. Circulating notes outstanding $100,000.00 22. Amount due to Federal Reserve Bank (deferred credits) $9,140.41 24. Amount due to State banks, bankers, and trust companies in the United States and foreign countries (other than included in Items 22 or 23) $30,364.43 25. Certified checks outstanding $303.14 26. Cashier's checks outstanding $10,853.02 Total of Items 22, 24, 25 and 26 $50,661.00 Demand deposits (other than bank deposits) subject to Reserve (deposits payable within 30 days): 27. Individual deposits subject to check $1,299,740.57 28. Certificates of deposit due in less than 30 days other than for money borrowed) $119,601.49 29. State, county, or other municipal deposits secured by pledge of assets of this bank or surety bond $125,000.00 Total of demand deposits (other than bank deposits) subject to Reserve, Items 27, 28 and 29 $1,544,342.06 Time deposits subject to Reserve (payable after 30 days or more notice, and postal savings): 33. Certificates of deposit (other than for money borrowed) $358,804.48 34. State, county, or other municipal deposits secured by pledge of assets of this bank or surety bond $50,000.00 35. Other time deposits $67.97 36. Postal savings deposits $405.89 Total of time deposits subject to Reserve, Items 33, 34, 35 and 36 $409,278.34 37. United States deposits (other than postal savings), including War Loan deposit account and deposit of United States disbursing officers $676.66 45. Liabilities other than those above stated $1,418.42 Total $2,335,521.22 STATE OF CALIFORNIA, COUNTY OF ORANGE, F. H. H. Benjamin, Cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. (SEAL) H. H. BENJAMIN, Cashier. Correct—Attest: S. P. KRAEMER, WM. J. SIEMANN, E. ZITZMANN, Director. Subscribed and sworn to before me this 15th day of April, 1925. LEONARD EVANS, Notary Public.