The Muscatine Journal and News-Tribune from Muscatine, Iowa • Page 2

1 Muscatiue, Journal. Jan. 18, 1S First National Bank Records Year Of Continued Growth and Proaress The year of 1967 was a year of continued growth and progress for the First National Bank of Muscatine. George A. Shepley, president of the bank, pointed this out in his review presented Wednesday at the annual meeting of the bank's stockholders.

There were 44 of the more than 360 stockholders present, representing 14,281 shares of stock. In addition," 73,000 shares were voted by proxy. Re elected directors include F.W. Allen, Elwood A. Clark, Kenneth Coder, J.

Wendell Hoopes, Dr. John L. Klein, H.E. Lemkau, Edward R. Maher, CD.

Obertwortmann, Harold W. Ogilvie, Charles A. Rehwaldt, Vernon Shepard, George A. Shepley, Carl J. Spaeth, George Springborn and E.

Raymond Tipton. Gains Recorded Sizable increases were again recorded in all areas of operations. Shepley said gross income increased 10.3 per cent and net operating profit was up 8.6 per cent even though operating costs and interest expense rose, too. "Our total assets reached $33,720,00," Shepley said, "which is $4 million higher than a year ago." "The sizable deposit increase of $3,948,000 is most gratifying in view of the intense competition for deposits from all areas and gives tangible evidence of the continued high level of business activity in the Muscatine area." Total deposits reached $31,149,000 at year end 1967, with time and savings representing 58.1 per cent of the above total. Total loans reported at year end were $18,996,000 or an increase of $1,985,000.

Loan to deposit ratio is now 61 per cent as compared to 58 per cent in 1966 and 55 per cent in 1965. Shepley also pointed out that $100,000 was transferred during the year from undivided profits to surplus which now totals $850,000. In addition, total capi tal accounts increased to $2,149,000. Net earnings per share after estimated income tax but prior to dividends were up 12.7 per cent over 1966. Shepley added that the com First Baptist Church Elects '68 Officers The annual business meeting of the First Baptist church was held Wednesday evening following a church family dinner.

Mrs. Leroy Thomas led the group in singing and the Rev. Ralph L. Fischer gave the devotions. The moderator, Donald Hudnall, presided at the meeting.

Officers elected include: mod erator, Norman E. Bunn; church clerk, Mrs. Helen Parsons; financial secretary, Mrs. Doris Dietrich; treasurer, Mrs. Maleta Vorwerk; missionary treasurer, Mrs.

Vera Fryber ger; head usher, Emil Johnson: assistant head usher, Melvin Campbell; Sunday school super intendent, lieorge uunKer; assistant Sunday school superintendent, Charley Buttgen; adult director, John Meerdink; youth director, Gene Barham; chil dren's director, Mrs. Juanita Rilie; librarian, Miss Evelyn Schultz; historian, Miss Carrie Weiersheuser. Also, deacons Bruce Bressler. Larry Taylor, Richard Schroed er, and Frank Schmitt: trustees, Norman Browning, Antoon Smit, Clarence Koepping and Ted Sulzberger; women on the advisory board, Mrs. Ruth Bol linger, Mrs.

Juanita' Tillie and Mrs. Fern Simpson; music com mittee, Mrs. Phyllis McBride and Ted Sulzberger; nominat ing committee, Keith Larson and Mrs. Lillian Thomas; social committee, Mr. and Mrs.

Melvin Campbell; ushering committee, William Murphy, Larry Taylor; and Elmer Balser; decorations committee, Mrs. Velma Gra ham; constitution committee, John Tillie. The 1968 budget was approved and action taken on other business. The social committee had charge of preparation and planning of the dinner. LONNIE SULZBERGER Auditor ptetion of the parking lot on Iowa Avenue was the first step in eliminating the problem of customer parking adjacent to the main bank.

"We will acquire two additional pieces of property just west of the bank on Second Street later in the year," he said. These, acquisitions will be utilized to provide additional parking or the expansion of bank facilities. Officers Named At the board of directors meeting immediately following the annual meeting of stockholders, Lonnie G. Sulzberger was elected as Auditor. Sulzberger started at the bank Feb.

1, 1961, as teller. He was promoted to assistant auditor in Aug. 1965, and was named Acting Auditor on April 1, 1967. Other officers were re elected Adult Study Series Begins Tangled World' As part of the adult study program, the First Presbyterian church this Sunday is beginning a series entitled "Tangled World." Program resources include a series of half hour films, and a book. The films, one of which will be shown each week, deal with issues of Christian ethics and decision making in the con temporary world.

The films have been shown as a television series, and were brought into being by Dr. Roger Shinn, professor of Applied Christianity at New York union Theological Seminary. The films will be shown in the church dining room from 9 to 9:30 each Sunday morning, and the adults will then break into smaller groups to further the study and respond to issues pre sented the film. Some of the topics to be shown and discussed are The City, and the urban world in which 80 per cent of us will be living by 1964; Sex and The Family; The Affluent Society; Automation and Technology as it affects our world; Science; International Affairs; and Law and Behavior. Any interested adults from the community are invited to parti cipate in this' series, whether or not they are members of First Presbyterian church.

Dick Stan ley, Jim Lang and Gil Dietz provide leadership for the group. The high school class is ex pected to sit in on the films, and then to meet in their own room for further discussion. In addi tion to this class, there are two other adut Bible study classes! at 9 a.m., and another adult stu i dy course being planned for the late Sunday afternoon hour. Eight Cottage Break Ins Are Investigated Nothing was taken when eight adjacent cottages were broken into sometime prior to 6:30 p.m. Wednesday on the Mississippi River three miles east of Muscatine along Iowa 22.

Sheriff's Deputy Bill Cole who investigated the incidents said burglars apparently were searclung for liquor. Included were summer homes of Robert Mathias, Marty Taylor, Ed Breyert, Bill Bueser, Ray Buster, Henry Flickinger, Bill Henning and Lyle Lucas. DON'T FISH AROUND tSk I Take Horn a Pizza or Italian Beef Sandwich I PIZZA JUNG Jjf: 311 lid Third Stratt 2Svl Open 4 PM. '1(41441 for the ensuing year. They are George A.

Shepley, president; Harold E. Lemkau, executive vice president; Richard A. Shultz, vice president and cash ier; Lr.U. Nelson, vice president and manager of installment loan department; W.R. Henning, as sistant vice president and trust officer; Myles Beitz, assisant cashier and farm representative; and Margaret M.

Mathes, assistant cashier. Shepley said "Our optimism for continued improvement in earnings next year is tempered somewhat by the necessity of recently increasing our rate to 5 per cent on savings certificates to meet competition. Increased rates in virtually all loan categories will enable us to offset higher interest expense. Better yields presently available on investments, particularly municipal bonds, will also assist us in obtaining greater income. "Present indications point to continuation of high economic activity.

Full employment at higher wages speaks well for higher level of consumer purchasing, and i cause for opti istic predictions of higher re tail sales in 1968. "Construction, both residen tial and commercial, is expected to equal or slightly exceed 1967 figures. Availability of mortgage money will be a major factor in determining to what extent construction ex penditures can be increased. Depressed farm prices are a matter of concern and do not permit optimistic forecasts as to futures improvement in farm income, which should closely parallel 1967. However, some improvement in grain prices will De forthcoming due to the announcement by U.S.D.A.

that the acreage reserve will be increased from 20 to 50 per cent. We view the luture with en thusiasm, confidence, and a resolute intent to share in the continued growth Muscatine is destined to enjoy. We have a responsibility to provide the bank ing services which will assist all facets of our business community to expand and prosper, and in so doing we can expect to grow and prosper proportionately. "the results reflected this report are in a large measure due to the loyalty and support of our customers who in the final analysis determine our growth and success. We are most appreciative of the loyalty and dedication of our stockholders and staff whose contribution has, together with our customers, made this report possible," Shepley concluded.

Public Schools Will Dismiss At Noon Friday Muscatine's public elementary schools, junior high schools and senior high school will be dismissed at noon Friday. It is the end of the current semester. Fred Messenger, assistant superintendent of schools, said there will be no afternoon kindergarten classes. The John F. Kennedy school will be closed all day.

Messenger said grade reports are being prepared, and plans readied for the next semester which begins Monday. Autos Collide In Muscatine Charles Douglas King, 21, rural Muscatine, and Stanley Allen Meyers, 28, 1824 Logan street, were the drivers in an auto accident at 10:05 p.m. Wednesday on West 6th street just west of Pine street in Muscatine. King was traveling east on West 6th street, and Meyers was backing his auto south from a private drive on the north side of the street, when the two vehicles' collided, according to Muscatine police. The right front fender of Aing car was dented.

For Dependable Furnace and Air Conditioning Installation mm 1H Business machine firm employee Susan Vredenburg and Auditor John Rex consult about the operation of a new accounting computer. National Cash Register model No. Hockersmith Court Action Negotiated Back rent of $150 will be paid and damages will be repaired at 3WA E. 2nd street as the result of property owner Ray Hockersmith and renter Antonio En riquez today settling out of court an action filed with justice Ray L. Pace by Hockersmith.

Enriquez will be allowed to remain with his family on the premises, according to his coun sel, County Atty. Harvey G. All bee, Jr. Muscatine City council still is scheduled to discuss tonight the use of gas cooking stoves for heat in the apartment, which mre uniet Alex Bender cited Tuesday as a hazard. Muscatine Migrant Committee today requested members of the Muscatine community to assist in re locating families of migrants who live at 310 E.

2nd street. Anybody having available housing may call phone 264 1155. $1 Fee Will Airlift Parcels Over 5 Pounds Acting Postmaster Walter I. Conway said parcel post packages addressed to military post oinces overseas may be assured of airlift service for a fee of SI in addition to the regular sur face rates. Conway said the SI airlift fee applies to parcels weighing not more than 30 pounds or exceed ing M) inches in length and girth combined, addressed to any mil itary address outside the 48 con tiguous states.

These parcels wilt be marked PAL. No change is made in the airlift service for parcels not ex ceeding 5 pounds. There is ho extra fee for the airlift service on packages under 5 pounds. Conway also reminded trons that postcards are now mailed at 5 cents per card Cards encolsed i envelopes sealed or unsealed are now 6 cents minimum. HOW ABOUT YOUR SeStt FREE NLLTHEWPRK gp9WMmM SHOP Tax Billing Machine 395, housed in the former supervisor's room of the courthouse which has been converted into a business machine center.

(Journal Photo by Jerry Russell) Suspensions Of Licenses Announced Suspensions and revocations of driver's licenses of Muscatine area persons have been nounced by Iowa Department, of Public Safety. ne following license has been revoked: James Richard Peterson, 36, of Box 142. Muscatine. 60 days for operating a motor' vehicle while intoxicated. The followine licenses have been suspended: Edward Walter Wray, 20, 1606 Grand Mus catine, 30 days for being a naDituai violator.

James R. Rockey, 18. 1344 Smallev street muscarine, su days for serious violation. THE MUSCATINE JOURNAL Published dailv art holiday by The Muscatine Journal, a member of the terprises, Incorporated at 201 E. 3rd as second class matter in" the post office at Muscatine, Iowa under act of March.

im a iir associated press It entitled use tor puouca tion of all the local news printed in this newspaper as well as AP SUBSCRIPTION RATES ouy dj earner tn city or Musca tine, s.2.00 per month in advance. Delivered dill hv than Muscatine, forty cents a week Daily on year by mail within fifty miles o. Muscatine, S15.00. Daily year by mail in towns where Daily one year by mall over fifty iitzi service is available. I18.1W mail subscriptions payable in ad Office hours a.

m. to p. m. Jily. Saturday 8 a.

m. to noon. Special delivery service for capers until 6:30 p. m. daily and" until D.

m. on Saturdav. Dial 263 Sincc it can't be processed a second time, Kodak does ft right the first tirne every time. So, to protect your memories we always send your film to Kodak, where it is processed with the same care they put into making the film. And you can be sure by bringing it to us, where aH our customers get their Kodak color film by Kodak.

AL's CAMERA SHOP 101 Wwt Second Str Dial 243 2941 Social Service Group of WOM Meets The social service committee of the Women of the Moose met at the home of Betty Howard with six members and one guest present Plans were made to go to the County Home March 14. Each member is to contact Judy jvruse aoout cookies. Games were played with prizes won by all present. ine next meeting will be. held at tne nome ol Shirley Robinson.

ON 12 OR 15 PIECE FAMILY TAKE OUT CHICKEN FRI. SAT. SUN. JANUARY 19 20 21 Velazquez Vietnam CAPT. FRANK VELAZQUEZ Federalists Meet Sunday The local United World Feden alists will hear C.

Max Stanley and Dr. Thomas B. Manton discussing "United Nations Handicaps and Remedies Advisable by 1975" in a program Sunday evening, Jan. 21 at the First United Presbyterian church. This begins with a buffet supper at 6 p.m.

at which families are welcome and nursery care will be provided. The program is a report from the Burgenstock, Switzerland conference sponsored last July for citizens of a dozen countries. SHOW 7:30 NOTE! Over to Jan. 24 DRIVE IN THE i ffr TRAPP FAMILY kk CRISPY FRENCH FRIES M2C rug i fc. 79C Body of Capt.

Is Located in Friends here have been in formed of the death of U.S. Army Captain Frank Velazquez, 38, in South Vietnam. Capt. Ve lazquez was the U.S. Army Ad viser to me Army rteserve Unit in Muscatine from 1957 to December of 1961.

He held the rank of Master Sergeant at that time. Capt. Velazquez had earlier been reported missing Jan. 1 when a helicopter crashed while he was traveling from An Khe to Saigon. His wife, Lois, telephoned Mr.

id Mrs. Wesley Rowe of Mus catine this morning to say she naa just Deen informed that her husband's body had been located. The body will be taken to St. Jospeh, in about a week. for services and burial.

Frank Velazquez, a veteran of 19 years Army service had been promoted from Master Sergeant to Captain about one year ago. He arrived in Vietnam last Sep tember and was a unit adviser to the South Vietnam army forces. After leaving Muscatine, he had been stationed for three years in Germany. He went from there to Bloomington, 111., St. Louis, and Columbia, South Carolina, where his family has now been residing.

In addition to the widow, he is survived by four children: Barbara, Michael, Frank and Theresa. His mother also survives, at St. Jo seph, Mo. TO NITE PLEASE This Show Will Be Held GAIETY VIBRANCE RADIANCE ZMfr HENRY'S 05 Wert Mississippi Driv Wt Ar Not Open J4 Hours a Day, But Wo Ara Open 52 Weeks a Year. Complete Selection ef Cigarettes 712 fcatf 2nd St.

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