| Show STATE BANKING t DEPARTMENT T STATE CAPITOL SALT LAKE L CITY UTAH tT REPORT OF CONDITION lO OF FARMERS STATE BANK Of WOODS CROSS in the State Stat I of Utah at the close clos of business busness s on MARCH 28 1947 lJ ASSETS Cash balances with other banks including reserve reser-e balances and cash items in process of collection 1 49 United States Government obligations direct and guaran guaran- guaranteed guaranteed I teed 4 Obligations of States and political subdivisions 2000 00 Other bonds notes and debentures Loans and discounts including overdrafts Bank premises owned furniture and fixtures assumed by b bank 2834 28 12 Bank premises owned are arc subject to none liens ins not Other assets TOTAL ASSETS 15 LIABILITIES Demand deposits of individuals partnerships and corpora corporations Time deposits of individuals partnerships and corpora corpora- corporations corporations 7 87 Deposits of United Stales States Government including postal savings Deposits of States and political subdivisions 00 Other deposits certified and officers officers' checks etc TOTAL DEPOSITS Other liabilities TOTAL LIABILITIES not miot including subordinated obligations obligations obligations shown below 1 HJ CApITAL ACCOUNTS Capital 00 Surplus 00 fl Undivided profits 2 US Reserves ves and arid retirement account for preferred ed capital TOTAL CAPITAL ACCOUNTS 10 I TOTAL LIABILITIES AND CAPITAL ACCOUNTS This banks bank's capital consists of a 0 First preferred stock with total par pal value of none total hll none j I Second preferred stock with total par value vallie of none total able ble value none Capital notes and debentures of none Common stuck stock with total par pur value of 00 MEMORANDA Assets pledged or assigned to tu secure liabilities and for other purposes None N Obligations subordinated to claims of depositors and other creditors not included in liabilities None STATE OF UTAH County of Davis R It N being first duly sworn according to law Jaw deposes and says sa s 's that he is is Vice V le dent of the above named bank and that the above and foregoing report contains a full fun true and correct statement of the condition of the said bank at the close e of business on the day clay of March Manh 1947 R. R B N N. Vice President Subscribed and sworn to before me this day of April 1947 1147 j SEAL NEWELL P. P p PARKIN Notary Public Residing at Woods Cross Utah My Commission expires March 14 1949 Correct Attest CHARLES A A. A LARSEN GLEN A A. HATCH W W. K K ROBERTS Directors STATE OF UTAH Office of Bank Commissioner I J M M. Knapp Bank Commissioner of the State of Utah do hereby certify that the foregoing is a true and correct copy of the statement of the above named company filed in my office on April 9 1947 J. J M. M KNAPP Bank Commissioner I i STATE BANKING DEPARTMENT STATE CAPITOL 4 SALT LAKE CITY UTAH REPORT OF CONDITION OF DAVIS COUNTY BANK Of FARMINGTON in the State of Utah at the close dose of business on MARCH 28 1947 ASSETS Cash balances with other banks including balan balan- balances ces and cash items in process of collection United States Government obligations direct and guaran guaranteed guaranteed guaranteed teed teed Obligations of States and political subdivisions Other bonds notes and debentures t Corporate stocks including none stock of Federal Reserve J kt Bank Loans and discounts including overdrafts Bank pren furniture and fixtures Bank premises owned are subject to no liens Hens not assumed assum assum- l ed cd by bank Real estate owned other than bank TOTAL ASSETS LIABILITIES Demand deposits of individuals partnerships and corpora corpora- corporations corporations I CO Time deposits of individuals partnerships and corpora corpora- corporations corporations lions Deposits ot of o United States Government including postal savings Deposits of States and political subdivisions Other deposits certified and officers' officers checks etc TOTAL DEPOSITS Other liabilities TOTAL LIABILITIES not including subordinated obligations obligations shown sho below CAPITAL ACCOUNTS Capital Surplus 00 Undivided profits 7 Reserves cs and retirement account for preferred capital cap ta 0 TOTAL CAPITAL ACCOUNTS TOTAL LIABILITIES AND CAPITAL ACCOUNTS 85 5 This banks bank's capital capita of Common stock with total par value of MEMORANDA DA Assets As ets pledged or assigned to secure liabilities and amid for other purposes es STATE OF UTAH County of Davis Richard II Clark being first firs duly sworn according to law deposes and says that he Assistant Cashier of the th above named bank and that the above and foregoing re report report report port contains a full true and correct statement of the condition of the th said bank at the close of business on the day of March 1947 RICHARD H. H CLARK Assistant Cashier Subscribed and sworn to before me this 3rd day of April 1947 1917 i SEAL ZADA W. W HARDY Notary Public c. c Residing at Farmington Utah My rr Commission expires April 9 1947 Correct Attest IDA S. S S CLARK JAS E C ROBINSON A A. L L. CLARK Directors STATE OF UTAH eTAH Office of Bank Dank Commission I. I I J. J M. M Knapp Bank Commissioner of the State of Utah do hereby certify that the foregoing is a true and correct copy cop of the statement o othe ot of the above named company filed in my m office on April 4 1947 J J. J M M. KNAPP Bank Commissioner 0 t e v f r r ELECTRIC HIRED HANDS I add to the joy of i farm living I i I No Nu nutter what you produce there are arc Elec Elce- Electric uric Ilic Hired 11 ired Hands IId who ho can make living Jiving more pleasant and aril at al the time increase c profits t for lor or you tm Oll These TheM Electric Hired tired lands Hands you q know no now work for the lowest wages rages paid any helper for the cost COSI of electricity in the territory we serve sere is far below helow the national average II J New electric equipment is i fast Lust becoming available so sit o drop in soon and arid discuss your needs mats with your electric equipment dealer f eli t 7 BUY FROM YOUR ELECTRIC EQUIPMENT DEALER A UTAH POWER I LIGHT CO MESSAGE I iI i I i i I Telephone Users I THE ISSUES IN THE TELEPHONE STRIKE l ARE IMPORTANT TO YOU i iJ 1 J I 1 e We lire arc sorry for the inconvenience that time the tt telephone strike sink is iii Musing earring AVe Wo made an Hit it honest 1 effort to 0 avoid this unhappy situation sit The demands which we wr W understood were w hits based hll d largely on a national uhf pattern p err are Ille prohibitive Home HOIl of the union anion negotiators l I seemed shocked SIH Cid at mot the amount III which totaled a n year yar Facts 1 cannot be 1 wished QI I ti way IY Our Ou OurI OuI I I I It I payroll la loll is at lit a II in rule rate of if a your veur r al To o 1 increase it 70 iO per Ie cent cat iv i unthinkable The Jhc TheY Y often quoted 12 11 2 per week increase when woven lOVlI into the national pattern jut plus some mate loyal lot al askings U U actually becomes a I payroll loll increase OC cI a 3 W per week for Mountain lin Slates men and amid lilt women II I I There Ihre are III more mire than tiara one JIll hundred Ii items in the 1111 union demands sides lie WIg but hut 1 stand I standI I out and will of ul have h to be hl sullied before rely any over all agreement agI can he hI reached l Wages I The Company puny wants telephone wage rage to be Ill good god Jl 11 thinks its wages wager wn s 's should compare I favorably with wages wages- paid puid generally ill in this IIi is area for work requiring similar skill and amid Hilt training We think this is iH fair to the lime employees and the lie only fair f I J thing hung thin to the public for labor expense is paid from fromI I revenues t collected Ion for our services tIN tINI I Yc arc continually comparing y our wages with others and HU recent studies slit indicate that they I compare well being iring generally gen on Oil the till high Ii sides Any AllY doubt UK UH to Io the tho justice just jet of our oar comparisons and conclusions could be he I settled easily aHil by bJ an impartial iu horard of arbitration which we wC have c proposed proposed- I By fur fill J 1 be Iii largest IlIn part of the lime flo Company revenues S including loll Ifill urges fur are received from rates ritS thin that arc itte determined iii in ill this s territory Telephone f arc 1111 a cc subject f to Io tie the general living livin condition prevailing in ill in the communities liH in ill whir which tiny they tI I 1 work The Company feels that telephone wages lK ran can be hc related and fixed only on a local lual wen area basis it ii they t II are ar 11 to 11 be ht Pair IIiI fit ii 10 to employS employees IS anti and telephone users titers i MANAGEMENTS MANAGEMENT'S THREE FOLD RESPONSIBILITIES I Management wants its f associates I in in the business s to have luty good gout wages Ill It thinks the present wages iI which average ill per c lIt above 1941 rue arc good gaud Ih The hl present rime fine organisation ion could cOlt not have huye I J ben been built lt up I without wit boon fair air and 1111 just wages wager and 1 lid good working conditions l I Management thinks 1 hi II k it hills bus u a responsibility of seeing tutu that the tIll cost ost of telephone service 1 to ilie public is j reasonable rind and that menus that the Ili post cost of furnishing the service 1 be reasonable costs t I now law takes t l 1 fio 05 i pc pel r cent VIII of III the th Iii revenue 1111 dollar I Management 1 thinks tit thit th t who have Lu pub up time tilt money to build the plant Piatt lt I should hive a 11 reasonable I return on jr JOY investment ii 11 is iK their thuir t 1 that lt make the slobs jobs j. j to I I h is i about of plant buildings H switchboards cables cahl H ell t per par employee c A Jot lot of re new 11 ly capital ci I will wm be lie 11 required uirl in the tile future in I It t takes halos all three e customers I Bud investors to keep a business going niu Our offer to arbitrate arbi is still open opell as all is also our offer to extend the present liberal contracts I hi In the meantime we arc tte doing loing our t 1 best to give j C as us much serviced HH fI possible pOj Your cooperation l understanding ing and patience in this emergency corer eney arc me greatly ti I iff j I t t J. The Mountain States Telephone An And I Company Compan t tI I I |
