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CTATEMENT ™ PERRY FEDERAL SAVINGS
ol A 1 tMtIN 1— and loan association
AS OF JANUARY 31, 1941
RESOURCES LIABILITIES
1941 1940 1939 1941 1940 1939
FIRST MORTGAGE REAL ESTATE LOANS .. $103,167.17 $79,804.36 $59,724.92 SAVINGS & INVESTMENT SHARE ACCOUNTS $109,610.94 53,282.06 38,854.66
, ‘ . .• ■ This represents the savings and investments, includ-
This Association holds 50 mortgages on properties in | n g earnings credited to the accounts, of 144 mem
the Perry area. The average size of these loans is bers w h o own the institution.
*2,000.00. Equal monthly payment arc made by H. O. L. C. INVESTMENT - - None 16,000.00 16,000 00
the bormwers unt.l the property , S debt free. _ The Home Owners’ Loan Corporation owned $16,000
SECURED LOANS TO INVESTORS 1,216.97 1,920.54 1,613.83 G f the Association’s shares, upon which they receiv-
Loans to investors secured by assignment of their ed the same rate of dividend as private investors.
accounts. These loans may not exceed 75% of the ADVANCE FROM FEDERAL HOME LOAN BANK___ None 10,250.00 7,800.00
amount of the investor’s account. The Association has a line of credit with this reserve
STOCK IN FEDERAL HOME LOAN HANK 1,300.00 000.00 700.00
This reserve hanking system makes such long and tion, this fund being available to the Association on
short term credits available to the Association as its a ten year or shorter terra basis for its ordinary
business requires in accordance with the provisions business needs.
of the Federal Home Loan Act. LOANS IN PROCESS None None 174 79
CASH ON DEPOSIT - KM160.83 961.10 3,291.26
ply t^Sa"„" n a a nd e LSS RESERVES AND UNDIVIDED PROFITS.... 5.631.14 3.608.86 2.358.67
I . TJV.A n o n fto ii rv„.„ A reserve required by the Federal Savings and Loan
by bedt I- ■ ■ !• Insurance Corporation and general reserves set aside
FURNITURE AND FIXTURES ... 1.00 1.00 110.00 for contingencies as a further assurance of the sol
m . . . , , . , 2 , vency and safety of the association are included
This item includes an iron safe and steel hlmg cabinet. j n em
CURRENT EXPENSE 52.10 66.50 219.84 CURRENT INCOME 303.99 512.58 741.73
TOTAL $115,965.81 83,653.50 65,492.11 TOTAL $115,965.81 83,653.50 65,492.11
OFFICERS DIRECTORS
S. A. Nunn, President S. A. Nunn G. C. Nunn
C. E. Andrew, Vice-President F - M - Houser F - M - Cull er
W FFnFRAI SAVINGS C. E. Andrew Max Moore
F. M. Houser. Secty. & Treasurer 1 OA V 11>U3 WKinnle
J LOAN ASSOCIATION w - WUipple
j—_■ mii——nil i ■!«—n nnr iii uli iim imiiiihi ii uMrirr i———B——
GET !N..STRETCH OUT:.and eni . y
NEW COMFORT was the keynote as A soft, steady, gliding new Ford ride J|
vc made plans for this year’s Ford. that takes good road or bad in a sat-
Get in, through the new wide doors I isfying new kind of stride. And notice ***«■»
Stretchout, in room to spare! Seating the quietness of this big Ford! IIGWr llOG*
width has been increased as much as There’s news at your Ford Dealer’s
7 inches. Knee-room and inside length that’s too good to miss! News in com
are greatest in the low-price field. fort. News in value. And news in a
icn take the
* 1 —n „
li.d.sid.y»..^g
VES, CHILEAN SODA U
good because it s Natchel v** ****
—the only natural nitrate in the n
world. It's good for all crops, $ S jR Jj
before planting or after. It’s MMb
particularly profitable for side
dressing and top-dressing. It Cf* I***
acts quickly, picks the crop up aa■nt n> *■ m m
and pushes it to early maturity, I i Pk Wl I K>
Use Natural Chilean Soda ||S Ml
under your crops . . . for top- -
•dressing and side-dressing, too. \
Give them the full benefit of all \
its natural fertilizing and soil- luvici* su
improving qualities. 1
I
Improved Vision Shows
Better Safety Records
Business organizations throughout
the country are learning that high
er visual standards of workers re
sult in improved efficiency and bet
ter safety records, according to the
Better Vision institute. A company
using a large number of motor
trucks had 17 accidents during
years. One of its drivers was in
volved in three accidents during that
period. Then the company conduct
ed eye examinations of all drivers,
requiring men with visual defects
to have them corrected. During the
next year and one-half period acci
dents dropped down to only two.
The driver who had three accidents
during the first period was found in
the eye tests to have a serious de
fect in vision. This was corrected,
and during the second period he had
a perfect record with no accidents.
Another company which was
spending an average of $12.50 per
worker annually in medical atten
-1 tion and compensation conducted a
I visual survey of its workers. Defec
| tive eyes were brought up to stand
ard and goggles were provided for
use in those tasks with unusual vis
ual hazards. The program was
backed up with a safety educational
campaign. Annual compensation
and medical costs have dropped to
$1.96 per worker.
A third company has reduced ac
cidents by two-thirds through eye
examinations, improved lighting,
painting of walls and machinery to
improve seeing conditions, and oth
er safety activities. Since the pro
gram was inaugurated no lost-time
accidents have occurred in the plant
in 1,100,000 consecutive man-hours
of employment.
Antiserum Increases
Hope for Cancer Cure
Discovery of a cancer antiserum
which increases the hope for cancer
cure has been announced by two
doctors, William H. Welker and
Lawrence H. Mann. They are mem
bers of the University of Illinois
Medicine Research staff.
They claim the antiserum reacts
positively with blood serum from
persons with cancer of the same or
gan as that from which the anti
serum was developed, but does not
! react at all with blood serum from
i healthy people or those with illness
other than cancer. This may be
j of value, they say, in assisting
| or confirming cancer diagnosis.
| Through increased knowledge it
may aid in treatment.
The doctors do not claim it to be
a cure, or even yet a treatment, as
at the present it is but a small step
in the fight against the disease.
Many more tests must be made and
possibilities explored, but they hope
it leads to a new attack on the
disease.
They claim to have tested their
antiserum with preparations from
cancers of 14 different organs and
found that it reacted only with can
cer of the same organ as that used
in producing the antiserum.
Apparently the serum is specific
not only for a certain organ but
also for a certain species, as the
: antiserum produced from human
cancers was found not to react with
blood serum from cancerous ani
mals, even though the cancer might
be of the same organ.
I
Dakotas Seemed Utopia
To the Early Pioneer*
Horace Greeley’s advice, ‘‘Go
West, young man,” stirred a respon
sive chord in hearts of Americans.
In the early eighties a group of
young men with their wives, chil
dren, household goods, live stock
and lumber moved into Dakota Ter
ritory to secure one of Uncle Sam's
farms. To a world always hungry
a farm was Utopia.
Arriving at dawn, a shanty 12 by
15, which must house all members
of the group until harvest, was
erected. The incredible hardships
cheerfully endured by those finely
( educated young people convinces us
, that man is capable of any effort
necessary to secure sustenance and
j happiness. Happiness is cheerful,
hopeful labor. The age brought
peace, comfort, leisure. Pleasures
were simple—a visit to a neighbor,
an hour’s reading aloud in the eve
ning.
Dakota housewives had no worry
over menus. Meals were cornmeal
mush and milk for supper; fried
cornmeal with sugar syrup for
breakfast; for dinner, one potato,
with a scant allowance of wild game
or fish. Children had an orange for
Christmas,
i In 1893, the Columbian Exposi
tion’s buildings were lighted by Edi
son’s new invention. Electricity
ended an era and overnight created
a new civilization. Speed became
the nation’s watchword.
In the old days stability of home,
of occupation, of marriage brought
peace. In the modern age are lux
ury, new scenes, new homes, new
marriages, each less satisfying than
the last. Material welfare has no
effect upon happiness.
Immune Crops Furnish
Best Chinch Bug Control
Of all methods of fighting chinch
bugs the cheapest and most effec
tive is the use of chinch-bug-proof
crops, according to ‘‘How to Stop
Chinch Bug Losses,” an illustrat
ed circular issued by the Univer
sity of Illinois college of agriculture.
Although other defense measures
are listed, including use of barriers
and traps, the growing of crops that
are entirely immune to attack is list
ed as the best.
Immune crops include alfalfa, red
clover, sweet clover, alsike clover,
lespedeza, cowpeas, soybeans, sun
flowers, flax, buckwheat, sugar
beets, artichokes, potatoes and rape-
Weather can affect chinch bugs
more than any other factor. Heavy
rains in early spring may have lit*
tie effect on the bugs, but frequent
heavy rains the last half of May and
in June will reduce infestations. The
rain beats the young bugs into the
mud, where they die. Dampness and
high humidity also favor natural
spread of a white fungous disease
which attacks the insects. A ' ve
August will also reduce damage the
following year by helping to eradi*
cate the second brood.
The circular illustrates the yearly
cycle of the bug, from hibernation
in winter months through the stages
which attack small grain and corn,
and migration to winter
again. It also advises against win
ter burning and lists resistant open
pollinated and hybrid varieties 0
corn.