Titonka Topic from Titonka, Iowa on January 16, 1975 · Page 9
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Titonka Topic from Titonka, Iowa · Page 9

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Titonka, Iowa
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Thursday, January 16, 1975
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Page 9
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THIS TITONRATOPIC, TITONKA. IOWA, JANUARY 16, Portland News By Mrs. Victor Fitch Written Thursday, January 9 The Pour Corner, Social Club met Tuesday afternoon, January 7 in the home of Marian Spear. Roll call was the paying of dues. Attending were Karen Ruse, Lennice Harms, Wyona ANNOUNCING ACETYLENE and ELECTRIC Shop NO JOB TOO LARGE OR TOO SMALL! Welding and Repair — Located In — FORMER GULF SERVICE STATION R & L WELDING SHOP RUSS SHIPLER, owner Phone 928-2704 Titonka, Iowa Harms; Janice MOofe, Marian Spear, Leona Haase, Emily Larsen and Vera Fitch. It was decided to leave the drawing of months for the next meeting. Karen Ruse received a birthday gift from her Secret Sister. The next meeting will be held in the home of Karen Ruse on Tuesday, February 4. Mr. and Mrs. Lance Riebhoff and Mr. and Mrs. Ben Bahling were Sunday afternoon visitors in the E. C. Schwietent home. Mr. and Mrs. Arthur Hix of Fenton were dinner guests i n the Victor Fitch home last Tuesday. Mary Weber, Lois Bristow and Arlene Wood met in the home of Vera Fitch on Wednesday afternoon .to make the 1975' Portland Progress Club books.! Mr. and Mrs. John Smidt I and family of Burt visited Sunday afternoon in the home of her mother, Mrs. Erna Hillenga of Woden. Bernice Haase of Burt was a Sunday dinner guests in the Levant Moore home. Mrs. Earl Zwiefel of rural Titonka was an i To the End of Time the Spirit Lives Though life ends, on lives the spirit. It is this thought that oar service* express. WINTER FUNERAL HOME Phone Collect- 582-2858 or MM711 If no answer eafl MS-tMt Buffalo Center, Iowa afternoon Visitor. Mr. and Mrs. Wardden Smidt and family of Titonka were Sunday evening visitors i n the Simon Smidt home. Lloyd Bartlett received a Christmas card from Bhopal Singa of India. Mr. Singa spent four years here working i n Bancroft and Winnebago. When he returned home, his children had grown so much he hardly knew them. Mr. Bill Hike of Wodc n was a Monday evening visitor i n the Lloyd Bartlett home. Mr. and Mrs. Arnold Koestler of Fairmont stopped l n to visit Lloyd Bartlelt on their way home from Florida. They had spent .three weeks there. Mr. and Mrs. Fred Christ of Lakola called on Lloyd Bartlett Saturday evening They have just returned from a three- week vacation in Texas. They also visited Mexico. Rev. Alfred Smith, minister of ,the Baptist Church in Bancroft, will leave February 18 for Isreal. This trip is a gift from his daughter. Mrs. Bill Heltonan of rural Burt entered the Iowa City Hospital last Monday for surgery of the hip. Here's one resource you can depend on. Name a more valuable asset than the health of the people. We can't. And we've spent 35 years paying health care bills. Blue Cross and Blue Shield of Iowa now serve 6 out of 10 lowans. As individuals, in employee groups, through Medicare, Medicaid, and Champus. In fact, more than one million lowans in ail. It's the reason for 17 local offices, and 1,070 employees. To stay in touch with hospitals, and doctors and people. To keep us current on the incredible progress of modern health care and the benefits you need. So we can help contain costs. And this unio^ue, personal service that more than one million lowans receive right now could continue to serve you well with national health insurance. Blue Cross and Blue Shield of Iowa. One resource you can depend on. Blue Cross Blue Shield of Iowa Moinoe/ Sioux City •ffoglslered'Mwk B|IM Crow A*»ooi«Uon ^Registered Servlco Marie of the N«U«M* of MM MtM PJDM We Care. Mr. and Mrs. Vern Shlpler lave moved into the house on he old Clappsaddle farm. Mr. and Mrs. Doyle Trenary moved onto the Bill Trenary farm. Mr. and Mrs. Earl Zwiefel isited Mrs. Anna Harringa of Buffalo Center at the Titonka 'are Center. They also visited VTr. and Mrs. Harry Childs at he Care Center. We have two ears and one ongue, so that we may hear more and speak less. the likllhood of tax reform. We will have a good opportunity to reduce or eliminate such loopholes as the oil depletion allowance, the investment tax credit and foreign tax credits, and to strengthen ithe minimum income tax to assure that wealthy individuals and corporations do not get by without paying any taxes. According to a recent congressional staff report, te n of the country's biggest corporations paid no federal income f. r tax last year and another 20 Congress Convenes'companies, with profits of $5.3 1 billion, paid an effective tax rate of between 1 and 10^. by Senator Dick Clark As .the new session of Con- TOSS gets underway, attention s focused on two vital and •elated areas — energy and the conomy. The two are practically inseparable — in the last year, United States payments for oil mports quadrupled, placing a terrible strain on our economy. Reduction of energy consumption is a key step in im-j proving the nation's economic situation, and everyone is agreed that sctme kind of conservation program is needed. | Congress will be considering, a number of conservation pro-j posals including rationing, a ;asollne tax, a tariff o n Imports, a limitation on imports, decontrolling of oil prices, stepped-up voluntary conservation, and increased use of coal. Since a number Of the proposals involve increasing prices or taxes In order to reduce consumption, we will also have to consider some kind of rebate system or other means to reduce the 'burden in low and middle income persons. Although energy conservation is a key factor i n improving the economy, Congress will also be looking at other areas for improvement. There will be another effort at tax reform, and possibly a tax cut for low and middle income individuals. The House Ways and Means Committee, where such legislation must originate, was expanded this year, increasing We will also be considering the reimposition of wage and price controls to stem the inflation spiral, and it. (may be necessary to expand the public service employment program if the jobless rate continues to rise. Congress will be dealing with a number of other important issues in 1975 — national health insurance, for instance — but it is clear now that energy and the economy -will get priority attention. TRAIN TO BE A LIVESTOCK BUYER No experience necessary. However, you should have a farm background and enjoy working with livestock. Earn a good living and have a secure future in a growing industry. Learn to buy cattle, hogs and sheep. If you have a sincere interest in becoming a livestock Buyer, write today with your personal background. Send your name, age, address and phone number. A personal interview will bo scheduled in your area. No phine calls, please. AMERICAN CATTLE CO. 175 W. Jackson Blvd.— 614 Chicago, Illinois 60604 CONSOLIDATED REPORT OF CONDITION OF TITONKA SAVINGS BANK of Titonka, Iowa and Foreign and Domestic Subsidiaries at the close of business December 31, 1974, a state banking institu- ( tion organized and operating under the 'banking laws of this I State and a member of the Federal Reserve System. Published in accordance with a call made by the State Banking Authorities. and by the Federal Reserve Bank of this District. ASSETS .-^r - " v- 1. Cash and due from banks (including ' <,| $15,945.37 unposted debits) ... .$ 1,082,848.98 2.(a) U.S. Treasury securities $4,548,982.63 (c) Total of 2(a) and 2(b) above 4,548,982.63 3. Obligations of other U.S. Government agencies and corporations 400,000.00 4. Obligations of States and politdial subdivisions 1,411,428.26 5. Other securities (inclunding $14,400 Federal Reserve Bank Stock 14,400.00 7. Federal funds sold and securities purchased under agreements to resell 400,000.00 8. Other loans 5,158,494.68 9. Bank premises, furniture and fixtures, and other assets representing "bank premises 109,653.16 14. TOTAL ASSETS $13,125,807 71 LIABILITIES 15. Demand deposits of individuals, partnerships, and corporations $ 3,782,262.19 16. Time and savings deposits of Individuals, partnerships, and corporations 7,942,985.01 17. Deposits of United States Government 43,906.74 18. Deposits of States and political subdivisions .. 305,795.67 21. Certified and officers' checks, etc 87 143 56 22. TOTAL DEPOSITS IN DOMESTIC OFFICES $12,162,092.67 : 1 (a) Total detmand deposits $ 3,961,857.60 T ! Ob) Total time and sav. deposits .$ 8,200,235.01 ' "*' 28. TOTAL LIABILITIES $12,162 092 67 RESERVES ON LOANS AND SECURITIES 30. Reserve for bad debt losses on loans (set up pursuant to IRS rulings) $ 87 Oil 97 33. TOTAL RESERVES ON LOANS AND SECURITIES $ 87 Oil 97 CAPITAL ACCOUNTS 35. EQUITY CAPITAL, TOTAL $ 876,703.07 37. Common stock-total par value $ 120,000.00 (No. of shares authorized 1,200) (No. of shares outstanding 1,200) 38. Surplus 360,000.00 39. Undivided profits 336,703.07 40. Reserve for contingencies and other capital reserves 60,000.00 41. TOTAL CAPITAL ACCOUNTS $ 876 703 07 42. TOTAL LIABILITIES, RESERVES, AND CAPITAL ACCOUNTS $13,125,807.71 MEMORANDA 1. Average of total deposits for the 15 calendar days ending with call date $12,213,332.05 2. Average of total loans for ittie 15 calendar days ending with call date 4,926,422.71 I, Edward Boyken, President, of the above-named bank do hereby declare that this report of condition Is true to the best of my knowledge and belief. s/ Edward Boyken, President We, the undersigned directors, attest the correctness of this report of condition and declare that It has been examined by us and to the best of our knowledge and belief Is true and correct. /s/G. W. Stillman, Lowell Schmidt, Allan J. Boyken, Neal A. Boyken, A. W. Boyken, Dlreoto!ra State of Iowa, County of Kossuth ss: (Seal) Sworn to and subscribed before me this 14th day ' of January, 1975. /«/ Gene Krominga, Notary Public

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