The Courier from Waterloo, Iowa • 20

PFCLMBEIt W1 WATKKLOO SI DAY COl'lil KK, WATKULOO, IOWA TTJ) 0 77 fhA TT7" 7Th 1 9 7 a it Becomes 'jrrrtJffytrr venue i mage, ow-1 mir is UU id J.L 3 Tho People of Waterloo Write a Five Million Dollar Check Yccr 1939 BUiLT if COST OF PUDUCSERVICE a I Villi Encourasina, S205 Li 93 Waterloo, Iowa, C0IHIY SPEtJDS on hiuh "It has been a big and gratifying year With that comment, Mayor Ralph B. Slippy sions of 19.1!), today fading into 1910, which 1 up his impres. trusts will be IS THE BANK OF PROSPERITY HAY TO THE Span of 615 Feet Longest ol Mine Bridges Across Cedar in City. I ORDER OF a OS prosperous for all. "Waterloo's citizens," he said, "should be very much gratified at Ihe progress which has been made in this past year.

Two Big Projects, "Two large city building projects a new Park avenue bridge and the expansive sewage treatment plant-have given a sizable boost to business and employment here. These together with many other minor city projects, the record boom of new residence and general building have all been integral parts of a fine year. "The growth of our city, in all 0 DOLLARS Year Sees 482 Nfcw Electric Services, 477 Gas, in City of Waterloo. More than a quarter of a million dollars was spent on improvements in the Iowa Public Service company's cast division (headquarters Waterloo) last year and nearly half a million dollars was paid out in payrolls in the same period, Howard M. Smith, assistant general manager of the company, reported in a review of 1939 activities.

In addititon to these expenditures, the company's tax bill, Including all types of taxes, for the cast division amounted to ways, encouraging. Indicnti-- such a growth will com coming year, a 'so. Crop. itmities sur- 'tween par- in pro- di. -n of coi them and i "As vk u.

and ahead hole express my best prosperous New Year for of Waterloo and its sit. '-rritory." ice company them with gas, electricity Both gas and electricity been supplied by the 4 the water system is re le Hill. Mains have Ire started and it is expected cystcm will begin bpcrat of this year, according Underpr A civic dream ft 30 year? Park avenue bridge in 1933 be-rarce a reality lor Waterloo. Joining and west bus.nrss districts with steel and concrete. Park avenue's revolutionary brioV, of latest type and safety design, opened to a heavy and constant flow of traffic only a few moments after its dedication Nw.

22. Built with "gift" fund? of Iowa highway commission and federal PVVA, the newest span in Waterloo's downtown flrea was begun in March, assumed shape by mid summer and was pushed to com nlrtinn veil in advance of eon tract deadline. Dec. 4. 026.42.

Real and personal taxes in Black Hawk county were $99,971 80, in nine other counties in the division, Other taxes, federal and state, amounted to $228,191.78. Payroll $176,221. Pavroll for the 32 months ending Nov. 30, 3939, was $476,321.60, paid to 303 employes, all but 91 of whom live in Waterloo or immediate vicinity. Improvements totaled $263,796, Smith said.

Of this total, the sum Parks Improved at Cost Golf Course, Two Ice Rinks Among Items. trcet at creased, said Hagerstrom, "we have none on the public relief rolls." Principles Slated. He added: "Co-operation has been made possible between employer and employe thru strict adherence to these principles: that all disputes must be settled by friendly negotiation; strikes and lockouts are undesirable from every point of view; employers of union workers are to be boosted at all times, and capable men entrusted with the task of Adjustment Firm in Bigger Office New and larger office quarters were obtained by the Waterloo Adjustment company during the past year. The firm now occupies 1,400 square feet of floor space in offices located at 407 Insurance building. The new quarters were occupied on Aug.

1, when the business was moved from the second floor of the Black Hawk building. Nine persons r.re employed by the firm, which Spanning 615 feet of the Cedar river, from bank to bank, the new bridge, 60 fret wide, opened 1o traffic four lane, divided by a safety girder to separate east and westbound traffic. Sidewalks Partitioned Off. Its two six-foot sidewalks, likewise, were built for safety with griders on cither side separating walk and roadway level. The separations had also the feature set and 26,742 feet (five miles) of gas main were laid in Waterloo.

Smith pointed out that the gain in electric customers during the year was Cf8, considerably more than tho number of new electric services (482), which indicates in many instances homes have been made into' double or triple houses, providing more families which in turn are using electricity. Gain in electric customers outside Waterloo was 327. Gain in gas customers in the ctiy was 786, outside Waterloo, 21. New Transmission Lines. Five miles of new transmission lines were constructed in Waterloo during 19.19, while rural extensions in the Waterloo area totaled 11.5 miles, Rural extensions in districts outside the Waterloo area amounld to 16.5 miles, of which 7.3 miles represents lines and 9.2 miles "underbuilds," which means cases where poles and one line were already in and a new line was added.

The company serves 29 cities and towns, including Waterloo, and a few unincorporated places in the area known as the east division. Water for Castle Hill. An event of 1939 was the granting by citizens of Castle Hill of franchises to the Iowa Tublic Scrv- Limit Road Track. Will Carr; Under 1 FIS 1939 BUSY EM OFJPROGRESS Union Membership Grows and Employment Conditions in Year Excellent. Improvements valued at $6,000, spread thruout the city's park system, during 1939 constituted the Waterloo Dark commission's con carrying out union labors plat of preventing splashing of rain or slush from beneath vehicles' wheels.

To finance the mammoth structure, the federal TWA contributed of $193,000 was spent in 1939 for gas and electric improvements in Waterloo, including' nsw services and lines; $35,392 in towns outside Waterloo and $35,404 in the rural systems of the division. There were 432 electric services established in Waterloo, 477 new gas services. New electric services outside Waterloo (in cities and towns) amounted to 311 while new rural services totaled 373. This makes a total of 1,643 new services, Smith reported. Five Miles Gas Main.

collects retail and wholesale accounts in Waterloo and vicinity. Three hundred business houses and professional men are included among the clients whose accounts are serviced. With the close of 1939, the company has been in business for four years in Waterloo. V. F.

Nellis, 227 Home Park boulevard, manager, said. underpass at oction of tha railroad for Water, way commis-rnos Melberg, rroject, deathi Hdes of traf-country road, by city and in securing 1 for the ini-et runs aong limit. To cost Idaho street Chicago Gr was begun i loo by the sion and co Codar Bar-signed to i and to pre-fic ever t. was made county ci right of v-provement. Waterloo'3 form.

"Good working conditions, good wages and the highest possible standard of workmanship are planks in this platform." CIO, Unions Cain. Membership gains were reported in 1939 by the following three CIO unions operating here during the year: Farm Equipment Workers Organizing committee, which has headquarters at Fourth street west, Ned C. Hailed; is chairman. Packing House Workers Organ tribution to the community total of progressive projects. Of the $6,000 involved in the year's work, at least $2,890 went into materials and equipment.

The balance, commissioners said, was expended for labor done in 1939 by members of the regular park work staffs rather than by contracts by outsiders. New Shelter Houses, Among the improvements of the ending year were: Two new shelter houses on Byrnes park golf course, represent Co-operation between employer and employe is largely responsible for the splendid progress made by Waterloo union labor in 1939, and the rank and file of workers hope that 1940 and the years to come will be marked by a continuation of the growth in union membership and in employment which characterized the past year, This was the view of Edward The first lord maynr nf London, England, held his post for 23 years. During the year, 3,055 pobs were I izing committee, of which Archie Helm is chairman, located at 1335 Sycamore street. Steel Workers Organizing committee, meeting at the same place, headed by Chairman Elmer ing $410; a new restroom at Byrnes, $130; construction of two new golf greens, $800; two new teeing grounds, $100; addition to Byrnes machine shed, $290; and installation of water system for ice rink flooding purposes, $450. Itestroom Added.

At Gales park, a new restroom was added for $110. In Cedar River park, a $200 water system for ice rink use was installed. Thruout the park system, commissioners added $350 worth of shrubs and trees, making approximately 300 plantings during spring and fall seasons. Sixty-one Years of Continuous Dividends and AUTO BOUGHT WITH NICKELS. St.

Maries, Ida. U.P.) Stanley Resor saved for two years to get enough money to buy a new car and paid for it in cash all nickels. Resor walked into an automobile display room, selected his car then plunked down his money and demanded a receipt. The accumulated nickels weighed 62'j pounds. For 61 years this Association has provided the people of this community with a safe place for the investment of their savings and a simple, economical HOME LOAN PLAN.

by grant 45 per cent of all expense involved. The highway commission, choosing Park avenue as a thorofare over which to route highway 63 thru Waterloo, came 1o Waterloo's assistance with the remaining 55 per cent contribution, giving Waterloo a "free" bridge, costing citizens here only the minor payments of ahull ing property damage on Water street and Park east where change of street grade resulted in forced alterations. Material 4,188 Tons. Into Park avenue bridge, besides nine months of labor by large crews of concrete, steel and skilled workers, went 3,612 tons of concrete and tons of steel, for a total of 4,788 tons. Some of the principal structural girder weighed upward of 22 tons each.

The steel work was covered with aluminum paint. A. Guthrie of St. Taul, were general contractors on the bridge construction job. The A.

Olson Construction company, Walerloo, was contractor for abutment excavations in late 1938 on a preliminary $661.60 bid. The main contract was awarded the St. Paul concern on a bid of Thousands at Dedication. Thousands joined in the dedication and formal opening ceremonies of Nov. 22 with regional PWA officials, past and present highway commissioners, state engineers of the highway department and city officials on the dedicatory program, Construction of the bridge, involving long weeks of work below and above the river surface, came 1o completion without a single death of a workman and with but scattered instances of personal injury, none resulting in permanent disability.

Of that record, the contracting company announced itself especially proud. Grade Elevated. During the process of building, the grade at Park east and Water s'reet and at Park west and Cedar street was subjected to minor alteration to coincide with concrete approaches to the span. On the east side, the job proved of greater proportions, the approach in the bridge finally being so built to cross Illinois Central trackage at a level 23 inches higher than the rails had been for years. The elevation was a gradual one, boih for the bridge approach and the railroad tracks.

Raiis Raided. With cost of the job borne toy R. Hagerstrom. 915 Western avenue, president of the Waterloo Central Labor union, in a brief summary of 1939 progress. "The good will and co-operation which exist in Waterloo," he said, "are the envy of other communities so far as labor relations ate concerned." Embraces IS Union.

The Walerloo Central Labor union is affiliated with the American Federation of Labor and embraces 16 local unions, but does not include all the AFL unions in the city. Railroad workers, such as machinists and car repair men, are organized in their own AFL unions but do not, at present, belong to the central labor body. Likewise the Big Four brotherhoods, which are separate from AFL or CIO connections, are also not in the central labor union. Nor are some other AFL units. While no definite figures are available, it is supposed that around 2,500 AFL union men make their homes here and work here.

Growth Tut at 20 Tel. While no total figure is obtainable for membership in the central labor body, since constituent unions vary from time to time in size, it is estimated by Hagerstrom that memberships during 19.19 increased about 20 per cent for all the unions in that body. Some of them reported their membership doubled, while others remained the same or varied but little. During 1939, the first Union Label week was observed here, with some 70 merchants, who displayed union-made merchandise, taking part, according to Hagerstrom. Another accomplishment was the obtaining by Waterloo delegates of the 1940 convention of the Iowa Federation of Labor, to be in June in Waterloo.

Building Makes Jobs. Extended building work in 39.19 and previous years has been responsible for creating an excellent Our 122nd Consecutive Semi-Annual Dividend is payable to our members January 1st, 1940. FINANCIAL STATEMENT December 20th, 1939 ALL TYPES Agricultural Machinery Castings We have been supplying the local manufacturers in Waterloo and northeastern Iowa with castings for the. past thirty-seven years and hope we may continue to be of service to them for many years to come. We have considered it a great pleasure to have been a part of this city and to have contributed a part in its remarkable growth, and we look forward to a bigger and better 1940.

Headword Dros. Miichins Foundry Company LIABILITIES Members' Savings and Invest ment Accounts ASSETS First Mortgage Direct Reduction Loans $2,607,441.55 This represents the balance due on all first mortgages held by this Association. As the monthly payments are made this amount decreases and the mortgage security increases. 3,029.88 This is the amount of money in by members of this Association, paling in the Association's regular sf annual dividends. Many of the inve allow the dividends to accumulate compound while others prefer to these dividends as they become du1 Loans on Members' Stock 9,984.70 This plan of loaning is convenient for the investors who wish to use a part of their money for a short time.

They may borrow amounts and repay thern at their convenience without affecting their earnings. 15,618.64 oans jn rrocess employment condition in the build-1 PWA and state highway commission, the Illinois Central raised its rails the full distance between Third street cast and Fourth street ca-t, a distance of two blocks. New bedding wr.s placed and new s-phalt street surface laid. New New loans made on which monc; not yet been called for. Office Building Mak of Fine Crcy Iron Castings WATERLOO, IOWA ing trades, and there has been but little slackening of work even in seasonable trades.

Skilled mechanics have been obtained from other cities, because of the increased employment. While memberships have in Real Estate Sale Contracts Reserve for Interest 116.45 The purchasers' equity in these eon-tracts is more than 40 according to recent appraisal. Furniture and Fixtures 90,000.00 260,866.47 2,500.00 27,000.00 80,450.64 This represents the tola! amount of uncollected interest on all loans ind real estate contracts. This Association dnes imt consider interest as a profit until it is actually collected. Membership Stock Federal Home Loan Bank THE PROGRESS OF J.

Moany Casket In c. Cash on Hand and Deposited in Banks WATERLOO, IOWA Undivided Profits 63,478.39 "America's Finest Cascl Builders' walks on bom cast and wot sides Water street were constructed. The Illinois Central station platform v. as raised to meet the new track I''fl. Thru out spring, summer and autumn, crowds of hundreds daily "kept tab" of the bridge progress, the builders drawing their greatest purhenecs during the "swinging" of steel girders Into place.

liast. West Linked Anew, Mayor Ralph B. Slippy, accepting for the city the new bridge Ft Talk declared in his form-si opening that "the bridge fulfilled a 30-year dream for Waterloo," and would jerve "to link east and west anew for a continued march forward to greater suc- Park avenue bi idge. et its opening, became tne ninth river span in Waterloo, end its most expensive. Of the ttitsr.

only those at avenue, P.ighteeilth street and arc longer. None, said rs, boast as Rtcat a however. Total Liabilities DIRECTORS Total Assets $3,078,243.36 OFFICERS R. S. Eickelberg President Olivia E.

Hacker Secretary-Treasurer J. ME ANY rr.Es. R. S. Eickelbcrg Earl C.

Glasson II. L. D. i Lichty Miller W. H.

Lanlas Harry M. Reed 1940 THE MANAGEMENT 9 am rssoc ri i 5-4 1 3 WVH IUCK AKli.R 24 l'KARS. watch in-m ll-ivel 24 and employes of this company join together in wishing each of you one of the most HAPPY NEW YEARS that you have ever had. May all good things come to you! East 5th at Lafayette Street r-rd rr it 1 h'T the L. I ,1 1912 fv f.n,.