anaheim-gazette 1941-07-10

Classified Starts on Preceding Page INFORMATION WANTED MEN WHO helped D. Adams from Wrecked car. Orangethorpe and Gilbert, Feb. 13. REWARD! Box A.R. Gazette. INSURANCE PRUDENTIAL LIFE INSURANCE We Insure From Birth to Age 70 ANAHEIM AGENTS H. L. Hamilton Kevin Sweeney 609 N. East St. Burton Ave. OFFICE SANTA ANA—PH. 1417 IRRIGATION SUPPLIES BAXTER, Ben—Irrigation supplies, repairs, installations. All makes valves, gates, parts, gaskets. Baxter St., Anaheim 2783. MISC. FOR SALE CURRAN'S Auto Wrecking Reconditioned, Salvaged - Batteries - Parts - Used Motors - Tires - Tanks - Signs - Valves - Pipe - Fittings - New and Used Scrap Iron - Electric Acetylene Welding 1194 N. Los Angeles Street ANAHEIM 3101 MOVING—TRUCKING 3 LINES PHYSICIAN - SURGEONS OSHER, J. C. DR. PHYSICIAN & SURGEON Eye, Ear, Nose and Throat Dentist Oculist — Glasses Fitted Phone 3212 Open Evenings Sunday by Appointment 122 West Center Street Anaheim, California PIANO TUNING BROWER, OSCAR N.—Plano tuning, repairing and refinishing. 508 N. Claudina. Anaheim 4685. PLUMBING QUAST DOMESTIC & INDUSTRIAL MERCHANT PLUMBER "Better Plumbing for Better-Built Homes" Let Us Estimate (Free) On Your Plumbing Needs. ALL WORK QUARANTEED 248 E. Center St., Anaheim 2506 PRINTERS ANAHEIM GAZETTE Publishers - Printers Marriage Announcements Booklets, Circulars Club and Commercial Labels Office Forms Social Printing, Etc. 259 E. Center St., Anaheim PHONE ANAHEIM 2206 PROTECTIVE SERVICE YOUNGKEIT, Herman—Call Police Station, 2131—For Information. ROOMS NICE ROOMS—Hot and Cold Water. $2.50 - $3.00 week. Antlers Hotel, 109 N. Los Angeles, Phone 4426. SERVICE STATIONS ANAHEIM SUPER SERVICE — Manchester & Lincoln, Anaheim, 4080. CENTER & HELENA SERVICE E. J. "Gene" Sullivan NEW MANAGER AUTO LAUNDRY—BATTERIES RENTED, RECHARGED—MOBIILGAS—MOBILUBRICATION—U. S./TIRES—345 W. Center St., Anaheim 2910 SEWING MACHINES SINGER SHOP Round Bobbin Singer $59.95 EASY TERMS 114 E. Center St., Anaheim 2515 DAVENPORT APPLIANCE SHOP Singer Electric $29.95 Singer Treadle $12.50 Electrolux Vacuum $29.50 Hoover Vacuum $17.00 Speed Queen Washers with Water Pump $49.95 WE REPAIR ANY MAKES; WASHERS :: VACUUMS, SEWING MACHINES. 212 N. Los Angeles, Anaheim 4270 SHOE REPAIRING HOFFMAN'S Shoe Rebuilding, Dying, Shining. 217 W. Center St. TAXI SERVICE PICKWICK CAB — 182 W. Center St. Phone Anaheim 4822. TRUCKING MOVING—TRUCKING ANAHEIM TRUCK & TRANSFER (Est. Since 1873) 24-Hour Day & Night Service Office Hours: Daily 7 to 5—Sat. 7 to 12 N. What is Your Moving Problem? We Move or Truck: Local and Long Distance —BAGGAGE —HOUSEHOLD GOODS —HOUSES —TREES, ETC. Safely, Speedily, Inexpensively —also — —CRATING —SHIPPING —STORAGE —TRANSFER Anywhere - Anytime For FREE Estimation CALL - WRITE - PHONE Anaheim Truck & Transfer Co. 112 So. Claudina, Anaheim 2123 MUSICAL INSTRUMENTS PIANO—Bungalow. Want responsible party in Anaheim to pay out balance of $68.00. Write Critchett Plano Co., No. Hollywood. NEWSPAPERS ANAHEIM GAZETTE— (Since 1870) Accurate Dependable 100% Coverage—99% Local News Want Ads 25c 259 E. Center St., Anaheim PHONE ANAHEIM 2206 OPTOMETRIST NELSON, HOMER A. Opt. Dr. Optometrist Marriage Announcements Booklets, Circulars Club and Commercial Labels Office Forms Social Printing, Etc. 259 E. Center St., Anaheim PHONE ANAHEIM 2206 PROTECTIVE SERVICE YOUNGKEIT, Harman—Call Police Station, 2191—For Information. PUBLIC SERVICE POLICE DEPARTMENT — 204 East Center Street, Anaheim 2131. REAL ESTATE FOR SALE —HOUSES FOR SALE HART REALTY COMPANY Developers and Owners Come Out and SEE FOR YOURSELF Anaheim’s New Model Homes Chosen from 800 Plans Sumbitted to 4000 Housewives who, like you, • Beauty • Utility • Thrift In A Home of 5 and 6 Rooms ONLY 10% DOWN Bal. $26.50 Mo. F. H. A. Your Bank or Building & Loan 6 New Model Homes To Be Started IMMEDIATELY! They are selling fast—so don’t put off selecting your lot, while choice lots remain. We Will Build on ANY LOT of your selection and from ANY PLAN YOU CHOOSE In (LOAN SX-4-26-B-2531) NOTICE is hereby given that on July 19, 1941, at the hour of 10 o'clock A.M. at the southern entrance of the Court House in the city of Santa Ana, California, W. A. Hale, as Substituted Trustee under the Deed of Trust made and executed by Allen A. Ulrich and Jean Ulrich, husband and wife, and recorded September 28, 1939 in Book 1015, page 112 of Official Records, in the office of the County Recorder of Orange County, California, given to secure an indebtedness in favor of Home Owners’ Loan Corporation, a corporate instrumentality of the United States, by reason of the breach of certain obligations secured thereby, notice of which breach of trustee was recorded February 28, 1941, in Book 1083, page 152 of said Official Records, will sell at public auction to the highest bidder for cash, payable in lawful money of the United States at the time of sale, without warranty as to title, possession or encumbrances, the interest conveyed to and now held by said Substituted Trustee under said Deed of Trust in and to the following described land, to-wit: That real property in the County of Orange, State of California, described as: Lot 8 in Block “H” of Tract No. 527, Cypress Acres Number 2 in the Ranchos Los Coyotes, as per map thereof recorded in Book 18, page 9 of Miscellaneous Maps, Records of Orange County, California, and the reversions, remainderers, water rights, pipes and flumes, all easements and rights of way used in connection therewith, in any wise appertaining to said land, and all buildings and Accurate Dependable 100% Coverage—99% Local News Want Ads 25c 259 E. Center St., Anaheim PHONE ANAHEIM 2206 OPTOMETRIST NELSON, HOMER A. Opt. Dr. Optometrist 114 N. Lemon St., Anaheim PHONE ANAHEIM 3104 ORCHARD EQUIPMENT DAVIES, H. R.—Orchard heaters, new, used. Cypress Rd., Anaheim 4860. OSTEOPATHIC PHYSICIAN ADAMS, W. W. DR. Osteopathic Physician and Surgeon GENERAL PRACTICE Short Wave D-I-A-T-H-E-R-M-Y Office Hours 9 - 12; 1 - 6 312 North Lemon Street ANAHEIM 4322 PHYSICIANS - SURGEONS TRUXAW, J. W. M. D. PHYSICIAN & SURGEON Office Phone 3213 Residence 887 So. Los Angeles St. Residence Phone 2610 Hours 11 - 12; 2 - 4; 7 - 8 Golden State Bank Bldg. Cor. Center and Los Angeles Anaheim, California New Model Homes To Be Started IMMEDIATELY! They are selling fast—so don't put off selecting your lot, while choice lots remain. We Will Build on ANY LOT of your selection and from ANY PLAN YOU CHOOSE in "PALMDALE" Anaheim's New Home Tract Near North Palm and LaVerne. Just South of Horace Mann School. HART REALTY CO. W. M. Hill Realtor Sales Agent on Tract WANT TO RENT—or lease a 5 bed-room house. Box AC. Anaheim Gazette. RENTALS —WANTED REAL ESTATE LISTINGS WANTED on —RANCH PROPERTY'S —ORANGE GROVE'S —SMALL ACREAGE'S by ED WAGNER Anaheim, 4729 121 Highway N. of Manchester Junction RENTALS —APARTMENT? FLAT FOR RENT—Adults only. Newly decorated. Large kitchen and living room. 2 bedrooms. Tile bath. Plenty of closet and cupboard room. Unfurnished or partly furnished. Hardwood throughout. A lovely flat! 306 W. Center. Ph. 4805 $2.50 & $4.50 Weekly, clean furn. Apt. Bath, Inner Spring Mattresses, Lights and Gas Pd. 113 North Emily and 925 French St. L. A. Lot 8 in Block “H” of Tract No. 527, Cypress Acres Number 2 in the Ranchos Los Coyotes, as per map thereof recorded in Book 18, page 9 of Miscellaneous Maps, Records of Orange County, California, and the reversions, remainderers, water rights, pipes and flumes, all easements and rights of way used in connection therewith, in any wise appertaining to said land, and all buildings and improvements now or which may be erected upon said property, together with the rents, issues, profits and royalties thereof. For the purpose of paying the obligations secured by said Deed of Trust, including fees, charges and expenses of the Trustee, advances made under terms of said Deed, interest thereon, and $1,655.96, in unpaid principal of the note secured by said deed of Trust, with interest thereon at the rate of 5% per annum from May 26, 1940, as in said note and by law provided. Dated June 24, 1941. W. A. HALE, Substituted Trustee. 6/26-7/3|10/17-1941 Suppose your big lovable hubby who’s a wonder at parlor tricks spills gravy down your hostess back—what do you do? It’s simple—consult Instantaneous Ettiquette, the amusing feature presented in pictures by Fish, brilliant English Satirist and answered by Mr. Arthur “Bugs” Bear, famous humorist in The American Weekly, the magazine distributed with next week’s LOS ANGELES EXAMINER. ANAHEIM GAZETTE NES 25C For any classified advertisement in these pages. All the equivalent of 7 days running for the price of one exchange, buy something; hire help, recover lost articles inexpensive Gazette Want Ad. Phone Betty Brown, COUNTY FIRE ROADS Open Within 10 Days Orange county's 200 miles of fire roads will open for patrol and use of the fighting crews within 10 days. according to Joseph Scherman, state forest ranger. Heavy rains last winter had damaged seriously many of the roads, and repairs delayed opening of these thoroughfares. TOASTMasters Club Hears Dr. Henderson Dr. M. M. Henderson was the "ten-minute speaker" at the Tuesday night dinner of the Toastmasters club at the Marigold cafe. His subject was "Internationalism." Dr. C. O. Patterson presided and A. Millard Parks was toastmaster. It was Royal Marten's turn to give his autobiography. Dr. Patterson spoke on "California, and the extemporaneous address was made by Charles Greenwood, speaking on "Anaheim." Joseph Kaska was the general critic. LEGAL NOTICE ORDINANCE NO. 427 AN ORDINANCE AMENDING ORDINANCE NO. 405 OF THE COUNTY OF ORANGE, BEING "AN ORDINANCE OF THE COUNTY OF ORANGE REGULATING THE ERECTION, CONSTRUCTION, REPAIR, ENLARGEMENT, ALTERATION, REMOVAL, DEMOLITION, SANITATION AND OCCUPANCY OF ALL BUILDINGS AND STRUCTURES IN Anaheim Opens Business Drive Continued from Page 1 He also told his audience that they could not expect 100 per cent support for any single undertaking. This problem was met in Long Beach by a card enclosed with the fund pledge sheets on which contributors specified which projects they wanted their money used to promote. Horner pointed out that the Douglas Aircraft's Lakewood plant is almost equi-distant from Anaheim and Long Beach and equally accessible to both cities. GUESTS GIVEN PROGRAM By September, he said, this plant will be employing 35,000 men, and by proper promotion Anaheim has an excellent chance to obtain much of this trade. The Rev. Mr. Stanley Frederick George delivered the invocation and community singing was led by Paul Elsner and Darrel Parkin, with Mrs. Elsner at the piano. To the breakfast guests were distributed copies of an eleven-fold program to aid in developing Anaheim to the utmost of its possibilities. It follows: BUY IN ANAHEIM 1—Speak well of Anaheim and its citizens at all times. 2—Appreciate Anaheim's growing strength and size and take advantage of its ever-increasing opportunities, particularly during the forthcoming unity drive this year. 3—Strive constantly to learn, understand and bring to the attention of others the outstanding Urges Men Subject To Draft To Enlist Continued from page 1 vantage in obtaining the best job. "Young men subject to draft, themselves, are subject to the same uncertainty that best employers. They hesitate to make any changes or launch any new projects because of the probability that they shortly will be superseded to the army. FAVORED BY BOARD "All in all, the sooner men subject to the draft serve their arm than the better it is for them." "From our standpoint, this also desirable. The draft board would be happy to send only valid unteers, thus eliminating necessity of drafting men, so of them, no doubt, against this will." Winchell announced that a men wishing to enlist in the selective service army should ion him at the Selective Service board offices in Anaheim city hall. bors and business associates. 7—Encourage your friends and relatives to do likewise, not only on patriotic grounds, but because demand creates supply. 8—Recognize Anaheim as progressive city of industry and merchants and not a resident appendix to any other city. 9—Co-operate in supporting these institutinos which by the enterprise and good management reflect the growth of Anaheim and attest to its ability to "live the goods," equally with any other city. 10—Cooperate at all times promoting Anaheim's best interests. Legal Notice ORDINANCE NO. 427 AN ORDINANCE AMENDING ORDINANCE NO. 405 OF THE COUNTY OF ORANGE, BEING "AN ORDINANCE OF THE COUNTY OF ORANGE REGULATING THE ERECTION, CONSTRUCTION, REPAIR, ENLARGEMENT, ALTERATION, REMOVAL, DEMOLITION, SANITATION AND OCCUPANCY OF ALL BUILDINGS AND STRUCTURES IN CERTAIN AREAS OF SAID COUNTY: ADOPTING PLUMBING AND ELECTRICAL CODES: PROVIDING FOR PERMITS AND PENALTIES THEREUNDER, AND REPEALING ORDINANCES NOS. 326, 379, 387 and 404." The Board of Supervisors of the County of Orange, State of California, do ordain as follows: SECTION 1. Section 5 of the Plumbing Code for Orange County, California, adopted by reference under Section 6 of Ordinance No. 405 of the County of Orange, State of California, be and the same is hereby repealed. SECTION 2. Section 7 of the Administrative Electrical Code for Orange County, California, adopted by reference under Section 7 of Ordinance No. 405 of the County of Orange, State of California, be and the same is hereby repealed. SECTION 3. This Ordinance shall take effect thirty (30) days after the date of its adoption, and prior to the expiration of 15 days from the passage thereof, shall be published for at least one week in the Anaheim Gazette, a newspaper printed and published in the County of Orange, State of California, together with the names of the members of the Board of Supervisors voting for and against the same. WILLIS H. WARNER, Chairman of the Board of Supervisors of Orange County, California. (SEAL) ATTEST: B. J. SMITH, County Clerk and ex-officio Clerk of said Board of Supervisors. STATE OF CALIFORNIA, ) COUNTY OF ORANGE, I. B. J. SMITH, County Clerk and ex-officio Clerk of the Board of Supervisors of the County of Orange. Anaheim to the utmost of its possibilities. It follows: BUY IN ANAHEIM 1. Speak well of Anaheim and its citizens at all times. 2. Appreciate Anaheim's growing strength and size and take advantage of its ever-increasing opportunities, particularly during the forthcoming unity drive this year. 3. Strive constantly to learn understand and bring to the attention of others the outstanding figures illustrating the growth and merits of Anaheim. 4. Cease bickering and quarrelling over petty local issues and translate your energy into terms of constructive community effort. 5. Recognize the fact that every dollar earned in Anaheim, but spent in other cities, is not only injurious to yourself but harmful to the civic commonwealth. 6. Buy all things in Anaheim whenever possible, price and quality being equal, for the benefit to yourself, your neighborhood. Seale's Ambulance 202 W. Broadway, Phone 2771 Legal Notice N. 39597-2 SUMMONS Action brought in the Superior Court of the County of Orange, and Complaint filed in the Office of the Clerk of the Superior Court of said County. CITY OF ANAHEIM, A Municipal Corporation, Plaintiff, vs. EDWARD B. CLARK, LIZZIE CRISS, COUNTY OF ORANGE, a Body Politic and Corporate, THE BOARD OF SUPERVISORS OF THE COUNTY OF ORANGE, State of California, DOE ONE, DOE TWO and DOE THREE, Defendant. The people of the State of California send greetings to: EDWARD B. CLARK, LIZZIE CRISS, COUNTY OF ORANGE, a Body Politic and Corporate, THE BOARD OF SUPERVISORS OF THE COUNTY OF ORANGE, State of California, DOE ONE, DOE TWO and DOE THREE, defendants. You are directed to appear in an action brought against you by the above named plaintiff in the Superior Court of the State of California, in and for the County of Orange, and to answer the complaint therein within ten days after the service on you of this summons, if served within the County of Orange, or within thirty days if serviced elsewhere and you demand creates supply. 8—Recognize Anaheim as progressive city of industry and merchants and not a resident appendix to any other city. 9—Co-operate in supporting these institutinos which by their enterprise and good management reflect the growth of Anaheim and attest to its ability to "liver the goods," equally with any other city. 10—Cooperate at all times promoting Anaheim's best interests by giving your wholehearted support to every forward movement spelling progress and prosperity. 11—Lend your active and financial support to the Chamber Commerce and encourage others to do likewise, that Anaheim may have the aggressive business organization which it needs deserves. ATTEST: B. J. SMITH, County Clerk and ex-officio Clerk of said Board of Supervisors. STATE OF CALIFORNIA, ) COUNTY OF ORANGE, I, B. J. SMITH, County Clerk and ex-officio Clerk of the Board of Supervisors of the County of Orange, State of California, do hereby certify that at a regular meeting of said Board of Supervisors held on the 1st day of July, 1941, at which meeting were present Supervisors: Willis H. Warner, Chairman, Fred C. Rowland, James A. Baker, N. E. West and the clerk, the foregoing Ordinance, consisting of 3 sections, was considered section by section, and each section separately considered, and the said Ordinance was thereupon passed and adopted as a whole by the following stated vote, to-wit: AYES: SUPERVISORS FRED C. ROWLAND, N. E. WEST, JAMES A. BAKER AND WILLIS H. WARNER. NOES: SUPERVISORS NONE ABSENT: SUPERVISOR WILLARD SMITH. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the Board of supervisors of the County of Orange, California, this 1st day of July, 1941. B. J. SMITH, County Clerk and ex-officio Clerk of the Board of Supervisors of Orange County, California. (SEAL) Publish Anaheim Gazette 7-3/10-1941 THE COUNTY OF California, DOE ONE, DOE TWO and DOE THREE, defendants. You are directed to appear in an action brought against you by the above named plaintiff in the Superior Court of the State of California, in and for the County of Orange, and to answer the complaint therein within ten days after the service on you of this summons, if served within the County of Orange, or within thirty days if served elsewhere, and you are notified that unless you so appear and answer as above required, the plaintiff will take judgment for any money or damages demanded in the Complaint, as arising upon contract, or will apply to the Court for any other relief demanded in the complaint. Given under my hand and seal of the Superior Court of Orange, State of California, this 29th day of May, 1941. (SEAL SUPERIOR COURT ORANGE COUNTY) B. J. SMITH, County Clerk and Clerk of the Superior Court of the State of California, in and for the County of Orange. By E. R. KOLBE, Deputy. NOTICE Appearance: "A defendant appears in an action when he answers, demurs, or gives the plaintiff written notice of his appearance, or when an attorney gives notice of appearance for him." (Sec. 1014, C. C. P.) Answer or demurrers must be in writing, in form pursuant to rules of court, and filed with the Clerk. LEO J. FRIIS 403 Bank of America Bldg., Anaheim, California, City Attorney of Anaheim. Publish: June 5, 12, 19, 26; July 3, 10, 17, 24, 1941. City Council Passes Budget Continued from Page 1 The budget follows: Anaheim's estimated 1941-42 receipts of $374,317 break down, as follows: Current taxes $15,142.00 Licenses and state highway taxes 21,415.00 Franchises 3,250.00 Permits 2,575.00 Fines and Penalties 2,745.00 Interest 780.00 Miscellaneous 10,910.00 Following is a classification of estimated expenditures for the fiscal year, 1941-42: Mayor and council $12,615.00 Auditor 2,185.00 Special Audit 500.00 Treasurer 1,500.00 Assessor 1,975.00 Tax Collector 2,235.00 City Judge 1,740.00 City Clerk 4,418.50 City Attorney 2,350.00 City Engineers 6,309.95 City Hall building 2,868.00 Advertising 4,000.00 General Government 10,772.65 Police Department 19,160.00 Fire Department 14,013.00 Building Inspector 2,155.00 Ornamental and Street Lights $10,300.00 Social and Community Welfare 995.00 Domestic sewer 1,575.00 Joint Sewer No. 1 23,200.00 Joint Sewer No. 2 5,669.00 Street Cleaning 4,019.20 Garbage Collection 5,627.40 Trash Collection 13,843.20 Boney Appoints C. of C. Committees Continued from Page 1 ments: Chairman, Ben Kaulbars, Jack Corn, T. L. Fisher, Ray Reaf-snyder, August Schumacher and Ray Van Wagoner. Recreation: Chairman, Ernest Ganahl, Chas. Pearson, Rudy Boysen, Mrs. Harry Pearson, and Mel Gauer. Transportation and Highways: Chairman, Everett Cone, Joe Collings, Joe Sowder, J. A. Baker, H. A. Bevins, E.-R. McCoy. Program and Entertainment: Chairman, Harry Arthur, H. E. W. Barnes, L. H. Loudon, Wm. Wallop, Ralph Macbeth. Publicity: Chairman L. H. Loudon, Ted Kuchel, Jimmie Heffron, Bob Rossberg, and Mrs. Margaret Wright. Finance: Chairman, Al Riutcel, O. E. Hanson, August Schumacher, Harry Pearson and T. W. Stuard. Hospitality: Chairman, E. C. Kendrick, Joe Scholz, Harry Horn, Dr. Howard Tews, Carl Lemcke, and P. D. Lake. Delegates to Association Chambers of Commerce: Joe Sowder, Millard Parks and John Morgan. Los Angeles St. Cleaning 1,030.00 Center St. Maintenance 1,658.40 Center St. Safety Devices 230.00 Center St. Cleaning 1,385.00 Center St. Structures 155.00 Manchester Maintenance 220.00 Manchester Cleaning 180.00 Manchester Structures 15.00 City Park 23,193.70 Athletics and playgrounds 1,435.00 Plunge 4,577.00 Open Air Theater 450.00 La Palma Park 13,362.00 Ranch No. 1 912.00 Ranch No. 2 120.00 Parkway Trees 4,010.00 Bank of America National Trust and Savings Association Condensed Statement June 30, 1941 RESOURCES Cash in Vault and Due from Banks $296,671,303.32 U.S. Government Securities 466,119,879.95 State, County and Municipal Bonds and Other Bonds and Securities 205,026,476.90 Loans and Discounts 844,466,563.53 Bank Premises, Furniture and Fixtures 31,873,314.42 Customers' Liability on account of Letters of Credit, etc. 20,231,211.86 All Other Resources 13,349,924.65 TOTAL RESOURCES $1,877,738,674.63 LIABILITIES Deposits $1,685,488,417.99 Liability for Letters of Credit, etc. 21,281,841.70 Reserve for Interest Received in Advance 11,256,896.95 Reserve for Interest, Taxes, etc. 2,967,645.29 Capital: Common (4,000,000 Shares) $50,000,000.00 Preferred (540,000 Shares)* 10,800,000.00 Surplus and Undivided Profits 84,630,115.82 Reserves 11,313,756.88 Total Capital Funds 156,743,872.70 TOTAL LIABILITIES $1,877,738,674.63 *Issued at $50 ($20 Capital—$30 Surplus), Annual Dividend $2. Preferred to extent of and retirable at issue price and accrued Dividends. This statement includes the figures of the London, England, banking office. New Record of Growth Shown In Bank of America Midyear Report New Record of Growth Shown In Bank of America Midyear Report Defense Effort Promoted While Business Served Another period of outstanding progress is revealed in the mid-year statement of condition of Bank of America, California's statewide bank, as of June 30, 1941. President L. M. Giannini pointed out that the record was achieved in the face of the new problems and substantially increased expenses due to the provision of extra staff and facilities to promote the defense effort, as well as rising costs generally and increased taxes. Deposits stood at $1,685,488,000, an increase of $189,466,000 over the comparable date of June 29, 1940. Total resources were $1,877,738,000, a gain of $201,097,000 in the same period. Loans and discounts outstanding aggregated $844,466,000, which is $119,891,000 higher than a year ago. Earnings for the six months were $14,067,000. From this $2,246,000 was reserved for depreciation of bank premises and amortization of bond premiums and $2,726,000 was set up in reserves and applied to the absorption of losses and the revaluation of assets. After the payment of $5,340,000 in dividends at the annual rate of $2.40 per share of the common stock and $2.00 per share on the preferred stock and after $348,000 in profit sharing bonus to employees, capital funds were increased from earnings in the six months by $3,406,000. Capital funds including capital, surplus, undivided profits and reserves, now total $156,743,000, which compares with $152,206,000 on June 29, 1940. An increase of $4,537,000 for the year, after the application of $3,000,000 of capital funds for the purchase and retirement of 60,000 shares of preferred stock on January 2, 1941. President Giannini pointed out that the Articles of Association which created the preferred stock provided for the increase of common capital by amounts equivalent to the par value of preferred stock retirements. Under this provision, $1,200,000, representing the par value of the preferred stock so far retired, has been set aside for future use either for an increase in the common stock or an increase in the par value of existing shares. “This report is particularly gratifying,” said President Giannini by way of comment, “because in the period covered California has been geared up to do a major job in defense production and our first thought has been to cooperate. Full facilities of the Bank of America have been made available for the defense effort, without overlooking the requirements of all other business. This has required increased staff and expanded facilities wherever it was possible to meet the needs.” “Strenuous times are here because of the preparedness effort, and more readjustments in our economy lie before us. But private enterprise remains a very important factor in the American scene and is in fact an essential in the cooperative effort necessary to generate America’s full power.”