Palacios Beacon (Palacios, Tex.), Vol. 3, No. 36, Ed. 1 Friday, September 8, 1911 Page: 1 of 8
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VOLUME III.
ifi'A, 1
SCHOOL BONDS WILL BE
APPROVED.
Hu‘%
WM:
Palacios $25,000 School Building
Now Assured. Attorney
General Will Approve
the Bonds.
Attorney General J. P. Lightfoot
came in from Austin Friday evening
aud remained until Monday morn*
iug enjoying the cool gulf breezes
with his family, who have been
guests at the Palacios Hotel fop
about three weeks. Mr. Lightfoot
and family left for their home at
the capital on the early morning
train Monday, having most thor-
oughly enjoyed their short outing
by the sea.
While here the Attorney General
was again interviewed by Prof.
Gray Superintendent of the city
schools, and Mr. Jack Barnett, sec-
retary of the school board, concern-
ing the status of the bonds voted by
this district for a new school build-
ing, and after a careful examination
into the matter, Mr. Lightfoot as-
sured the school officials that the
bond issue-complied with and met
every requirement cf the law, and
would have his official approval up-
on receipt of certain statements of
the records which were to be for-
warded to him by the Secretary of
the Board. Of course Prof. Gray
and Secretary Barnett feel very
much gratified and elated over the
success that has come from their
efforts, and the people have good
cause for being grateful to these
gentlemen for their persistence in
maintaining that the district had
the right to vote bonds in the
amount of $25,000 until the Attor-
ney General gave the matter full
and careful investigation.
The stumbling block in the way
was the outstanding issue of $5,000
which had been voted to build the
present school building. These
bonds have in fact heen paid,- but
cannot be retired until next June,
although the money is now in hand
to pay them off. These bonds were
voted to run 20 years, but with the
option of paying them any time af-
ter five years. The five years will
be up next June, and the money to
pay them has been collected. But
the Attorney General’s department
does not recognize nor give credit
for such things, and in ruling on the
new issue, the old issue of $5,000
was accounted as if still standing
against the district. But somehow
the Attorney General’s department
got the impression that these old
bonds were voted for but five years,
which would require the district to
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Kp
A School Building Site.
Now that it is assured that the
school building bonds are to be ap-
proved, and that Palacios district is
to have a $25,000 school building,
the Beacon believes that the people
of the city and district ought to con-
cern themselves as to the place
where this building shall be erected.
All will agree that the district and
the city ought to get everything
possible out of the new school
building not only in the way of
school facilities, but in the material
benefit to be had from such a build-
ing. This will depend almost en-
tirely upon the site'selccted for the
building. The offer of the Town-
site company to donate an eulire
block for a building site, is a most
g'enerous one, and ought to be and
will be giveu due consideration.
The Beacon has favored the accept-
ance of the offer of the Townsite
company upon the general proposi-
tion that the district needs more
property and should get it on the
very best terms possible, and before
values roach much higher figures.
The free gift bf an entire block is
therefore something that the Board
nor the citizens can afford to over-
look.
The Beacon is free to admit that
the particular blocks offered by the
Townsite Company are not ideal
locations for the new school build-
ing.. It is open to same objection
as the site the district now bus, in
that it is too much to one side, that
is too near the bay shore, and thus
will necessarily always be to one
side of the territory to be served,
whilo it ought to be much more
nearly central to what the town
must be as it grows. Beside this
the block offered by the Townsite
company is in that portion of the
city that will be needed for factoriei,
warehouses, and railroad yards, at.d
for which there will be demand as
Palacios continues to grew. For a
location on the weBt side of the rail-
road a block as much as a half mile
north of the one offered would be
more desirable.
■
Another plan for securing a more
desirable site for the new building
has been suggested and which is
entitled to very careful consider-
ation. Since the $5,000 bonds for,
the old building can and will be re-
tired next year, that property will
be clear for such disposition as the
district may desire to make of if.
The suggestion has been made that
half of the block now occupied by
the school building be sold, reserv-
ing a half block for the present.
LAM
SACO
NUMBER 36
and better plans, and the Beacon
hopes othor suggestions may be of-
fered. We are persuaded that it
would be a very serious mistake to
put the now building on the block
with the present building, unless
another site is secured and the old
building moved. That would in-
volve the district in the extra and
unnecessary expense of moving the
old building, and which is now very
well located. We present this mat-
ter now at some length that the peo-
ple may give it seme thought, to*
the end tnat the best interests of
the schools and that city may be
served.
wui’-ii | building, and with the proceeds
raiee $1,000 for the sinking fund | «?’
each year, while the fact is they hre
20 year bonds, and but $250 was
needed to be raised each vear from
taxes, and this made a very large
difference in the bonding power of
the district as can be readily seen.
When these oid bonds are retired
next June tbe district could if it so
desired immediately vote a ten
thousand dollar additional bond is-
sue, and even more under its pretent
valuation. The delay has all been
caused by the district being ready
to pay its debt too soon. It is
quite out ul the ordinary *nr the
paying of a debt before it is due to
be a bar from contracting a new
debt, but in the case of our school
from this sale, and such concessions
as the Townsite would no doubt
grant, purchase au entire block in a
more central location for the new
building. It is suggested that such
site east of the raihoad i^ best lo-
cated on north Fifth street, and
favor is expressed of the suggestion
of the beacon made heretofore, that
a half block be secured on each side
of the street, then ask the council
to vacate the street through that
block, and put the building in the
street, both for the general appear-
ance, and to give the school building
the benefit ot tne unbrokeu sweep
of the south breeze from the bay for
the comfort of the pupils during the
warm months. When this plan was
district, that is what nearly hap- suggested ,Mt year, the townsite
pened, and no doubt would have
happened but for the opportune vis-
its of the Attorney General in por-
cou, and the active and and efficient
work of Prof. Gray and Secretary
Barnett.
Company made the generous offer
of selling the district a block on
north Fifth street for a thousand
dollars less than the aggregate sell-
ing price of the lots. If the Com-
pany will still make the same offer
The trade review issue of the Gal-
veston News published last Friday
was an interesting revelation of the
continued growth and development
of the South’s greatest seaport.
The continued ar.d rapid expansion
of the gulf ports npark the trend of
marine commerce of these latter
years, and with the opening of the
Panama canal, the time will bo but
short until the leading ports of this
nation on any coast will be on the
Gulf of Mexico. A prediction we
have often made we again repeat,
and that is the opening of the
isthmian canal will speedily result
in the centralizing cf the marine
commerce of the world along the
Dunbar Dots.
We are needing rain to enable us
) put in fall gardens.
Haying is about over with and rice
harvest is in full blast.
Mr. and Mrs. B. T. Phillips ate n
delicious dinner at the O. B. Viets
home Sunday.
Miss Ruth Snedaker visited with
ivriss Re bah Clark Sunday.
Rnv. Cliambcus and wife visited
with M. M. Johnson’s Saturday night.
Mr. and Mrs. G. W. Johnston were
Collegeport visitors Tuesday.
Preaching Sunday at 3 p. m., by
Rev. Israel, and Sunday night at eight
by Rov. Powell, at Praire Center,
were both well attended and interest-
ing sermons.
Miss Rosa Daniels is visiting home
folks and recovering from a recent
illness.
Mr. Anderson is enjoying a visit
his sister, Mrs. Lee from 111.
George W. Johnston has purchased
a sorghum mill, and will hereafter
make his own molasses as well as for
his neighbors.
Miss LaRena Iflancl and brother,
Oliver, and Miss Ruth Snedaker will
begin their last year in high school
next Monday at Talacios, where they
will attend this winter. These bright
young people will be greatly luiueuJ
in our neighborhood, especially by
their Sunday School class where they
have been regular attendants the past
summer. May success attend them.
Missg&Sdita Johnson was very agree-
ably surprised at her home Monday
night, it being ,her eighteenth birth-
day; her many warm friends stole a
march, on her and entertained her to
the best of their ability. Games
were played until the usual hour, then
refreshments were served consisting
of orange sherbert and cake, after
which more games were played and
at a late hour the young people re-
luctantly took their departure after
wishing Miss Edith many more hap-
py birthdays.
Last Thursday night Gideons Band
entertained our Sunday school by
giving them a reception at the home
of Mr. M. M. Johnson. About 65 re-
sponded to the invitation and an
evening long to be remembered was
spent. These young people had pre-
pared a short program which was
very entertaining, after which ice
cream and cake were served free to
all. Games were played by the young
people and a social time was had by
the older ones. Rev. and Mrs. Cham-
bers, from Midfield arid Mrs. E. A.
Sanford, from Pearland, were guests
at the reception. These young peo-
ple have not only showed their loy-
alty to their Sunday school by en-
tertaining them, but by regular at-
tendance, good lessons and much in-
terest in the class each succeeding
Sunday. There are eighteen mem-
bers in the class and an average at-
tendance of fifteen each Sunday; con-
sidering, some of them come tour
miles, can anyone beat this record?
Their presence is sunshine to all they
meet. Each pupil takes their turn
teaching each Sunday in thdr own
class, thus increasing the interest.
1 PAi -StaCQN I
Texas Coast Country.
In its annual trade edition of Sept.
1 this yoar The Galveston News
makes a special feature of the Texas
coast country showing the wonderful
as?
^ughtful
loving
e self-
'exas?
laying
civiliza-
fn keep-
o bouti-
and the
gh the
Btrjous
pros-
should
tnehse
iibili-
What Are We Doing]
BY O. P. BOW
What are we doing
To the mind of eve:
patriot, conservative,
citizen must havo com
propounded inquiry:
What are we doing to
What are wo doing
the foundation for a fut
tion prosperity, and we
ing with our opportuni'
tifully furnished by he
productive possibilities
intelligent efforts of an
and practical eitizenshij
er civilization, with its
perity and wealth, coul
be measured only by ll
territory and unmeasu
ties.
RAW MATERI
Nature has furnished
almost inexhaustible 0*.
timber, iron, oil. coal
well as the precious m<
with the more common
materials necessary for
facture of the finish
man’a use and com
nature’s bountiful supp
material that which
produce, and Texas could
clothe the people of the
still contribute much
plying the necessities an
of the people of the
have furnished us by
produced by man’s in&ti
raw material than any
the world of equlal populi
are more dependent' upon
ligent industry of oth
favored people for the fiq
ducts necessary for our
happinoss than any othe
tion.
COTTON.
We ship to the East a|i4 export
to the factories of evbrjf. civilized
nation our immense ann
raw cotton, and then ii
cloth necessary for our
profit to the manufacti
100 to 500 per cent.
CATTLE AND SH
W e^shjpjpur .c^UJea5
the packers !n»
back our meat in cana^lnd canvas.
/ HIDES AND PELTS.
We ship our hides to 'New Eng-
land, and buy them back in. oboes
and harness.
TIMBER.
WTe ship our lumber to the North-
ern factory, and buy it back in fur-
niture, vehicles, implements and
machinery, at a profit of 100 to 300
percent , with freight added.
IRON ORE.
We ship our iron ore to Bethle-
hem, Pa,, and buy it back in every-
thing from a tack to a steam en-
gine.
WOOL.
Wo ship our wool to Pennsylva-
nia, New York and Massachusetts,
and purchase our clothing, car-
pets, blankets, etc., at a profit to
the manufacturer that wouid stag-
about $225,000,000. The same ma- |
terial converted into the various J
and proportioned grades of the fin-
ished articles would bring to the
people of Texas at least $600,000,000
annually. Without knowing the
bond and mortgage debt of the
State, it is safe to say that if we
got out of our cotton crop, alone,
that to which we aro entitled, and,
if wise would get, wo could in ten
years cancel eyery mortgage, every
bond, and own every railroad and
oilier public utility property in the
state and have money left to loan to
at high- 1 ^ie PeoPle °f other states, less frug-
al or less fortunately situated than
ourselves.
INDUSTRIAL DEVELOPMENT.
What is the remedy : By every
legitimate means foster and en-
courage the manufacturers interest
of the State. Laws favorable for
our industrial development should
be passed; our people .should take
stock liberally in factory enter-
prises, and, above all, our people
should patronize home factories.
OUR PUBLIC SCHOOLS.
Dairying Will Pay Here.
Our readers are advised to consider
the good logic-presented in the follow
ing editorial clipped from the Jackson
County Independent, p-anado,iu com-
menting upon the establishment of
creamery receiving station at Edna.
Jackson county being a close neigh-
bor of Matagorda we might do well in
perusing the article,’ substitute the
word Matagorda for Jackson, for the
conditions are identical.
The Independent has always con-
tented that there was money, and
good money at that in the creamery
business. It has long ago set out the
fact that iu other sections of the coun-
try, where attention has been given
to these matters in an intelligent
manner, the people have prepared
-and many of them have abandoned
grain farming aud taken entirely to
dairy farming.
Wo haye heard it stated that we
could do nothing along this line lor
the reason that feed was too high and
pastqjes too close lo warrant much of
an investment in milk oattlp. Elgin,
i.eqo to Illinois, rules the butlep market- yf i ho.
And buy ^ m. - ^wi nv,"w i.!i;.n,
ntel-
less
pro-
t and
crop of
ut the
fort at a
t;of from
Will Open Monday for the Full Nine
Months Term. School In
Splendid Condition.
The Palacios public Schools will
open Monday for the fall and winter
term, and under the most favorable
conditions they have ever enjoyed.
It has been the history of the school
during the past years that the reve-
nues were not sufficient for the full
nine months course, and pay out for
the full time. In one or two in-
stances this haB been accomplished
by public subscription, and resort
has also been had to charging tui-
tion to make up the deficit. This
year the revenue will be ample to
pay all the cont of the .full nine
months term, and employ an extra
teacher, which it is now known will
be necessary.
The property valuation of the dis-
trict on its last assessment was $1,-
041,900, on which the tax will be the
same as it has been in the pact,
that is 50 cents on the $100 in value.
Of this tax 18 cents will provide for
the interest and sinking fund on the
now $25,000 bond issue, loaving 82
UtllilB UVcIlldUlL- 1UI. tUC UlulitiCuuuCC
of the schools. This tax will pro-
duce a fund of $3,334 in round num-
bers; our apportionment from the
State this year will be $2,085; from
the county we will receive about
$260, and the revenue from tuitions
from non-residents of the district
who will attend school here will be
something near $175, perhaps more,
making a total of approximately
$6,800 for maintenance purposes.
The cost of maintaining the school
for the uine months including the
salary of an extra teacher, which will
be needed, will be approximately
$6,000. This will leave a balance of
about $800, out of which will have
to be paid tbe cost of fuel for heat-
ing, and the rent of an extra room
which will have to bo provided, be-
side some other small incidental ex-
penses. So it can be seen that all
thc coet of the schools for the full
term can be met, and leave a small
f an average Texan.
NUMERATE?
The policy
it ought to be willing to exchange. resources of this section. Specially
the block desired for the half block
of the present school site, if and al-
low some difference on account of
the much greater value of the latter
as compared with the north Fifth
street property at tWs time, and also
because of the further fact that the
location of the echool building on
the site would enhance the value of
all the Townsite company’s property
in that part of the city on both sides
of the railroad. If it is decided that
this would be a desirable site for the
new building, the matter of the Ex-
change of properties between the
district and the Townsite Company,
could be no doubt arranged in a
satisfactory manner for the un-
prepared articles are presented,
showing many advantages offered
both to capitalists and to homcsock-
ers.
One event of tlio year that is of
great moment to the people of the
Texas and Louisiana coast region
is the continued work on the inter-
coastal canal. The stage of that con-
struction between the mouth of the
Brazos river and Matagorda bay is
now under way, and when this is
opened it will complete the inland
waterway, from Galveston to Corpus
Christ!.
Development of the midcoast coun-
try lias attracted attention of invest-
ors and bomeseekers^as has that of
East Texas and the Galvestou-Hous-
ton district as well as the lower Rio
SSSws i 1 sr* -
fitted after the ..0 bon s V the Rio Grande, is an impulse for de-
heen cancelled next year. This is ] velopment that shows iu the aubstan-
furnish you i ?' b°w ‘ | *“ SSEStabl? SHUTS'develop
. . » < . I .1 I f M TOT tflP fl M W Itfltfl l II l i in m v mu « . . .. ...........* •• * • >
finnt is yet
be at Galveston
C**z’z City Market, will
ger the mind
WHY\
But why enumerate?
applies to every article made from
Texas raw material.
WHO RECEIVES THE BENEFITS?
In pursuing this policy, wno re
ceives the benefits? Certainly not
our Texas people, who produce the
raw material. Iu its manufacture
Texa9 labor is not employed. Cities
which alone can furnish a profitable
home market for the farmers are
not built, home capital does not get
the profit. Bank vaults are not
swollen with deposits; our retail
merchants do not share iu the pro-
fits, commerce is not stimulated.
All this goes and stays with the
people in the manufacturing dis-
tricts, while, permanent prosperity
and Bolid wealth is to the "masses of
our people an adolescent dream.
WHAT IS THE RESULT?
Every intelligent citizen of Tex-
as knows the conditions that have
naturally and inevitably followed
this policy. When we are in need of
capital tor any purpose, from the
erection of an outbuilding to a rail-
road, a jail, court house, school to a
college, a country to an interurban
sale of bonds for any purpose, we,
with hat in hand, seek the aid of
those who have been wiser than we,
and humbly petition them to take
our securities with the profit made
out of our raw material. It is es-
timated (our State government dues
not furnish statistics) that our an-
nua! cotton crop, inoludiug oil,
Ufrlted-ateees'find A»,
acre of land in tho Elgin country Is.
worth In cash, from five to ten times
what an acre of land in Jackson
county is worth. It was not grain |
farming that enhanced the value of
that country. The farmers up there
havo long since; quit trying to raise
even thi» feed for their cattle and
where fields of corn and oats used to
flourish herds of dairy cattle graze
and the larmere buy what feed they
use, finding that the lands bring them
much better returns, in pasture for
their dairy cattle than they used to in
grain.
In addition to buying what feed
they use, and they feed twelve months
in the yoar, they build large warm
barns for their cattle ami find that
this al30 pays thorn a handsomoTOturn
on the inyestment. There are but
few mortgages in that country and
the people, as a whole aro prosper-
ous.
The Independent has made a care-
ful study of conditions in this portion
of Jackson county and fails to find
any good and sufficient reason why
the dairy business, or rather dairy
farming, could not be made to pay
and pay handsomely here. It ap-
pears- to the Independent th«t we
have a great many things in favor of
ithe successful prosecution of the
business in this section of the state
which are not possessed by many of
the dairy communities iu other por-
tions of the state. We have a decid-
ed advantage over dairy communities
in Illinois, Kansas, Missouri and Iowa
in that we do not have the severe
winter? and tho long, cold, wee spring
and fall to contend with. Wo have
practically ten months of summer and
are able to care for our cattle at a
very small cost.
With those items of saving in uur
favor we fail to understand why the
farmers of Jackson county do not
take to dairy farming as a money
making venture. We are at a Iobs to
understand why the fanners of Ibis
side of the county cannot find in
dairy farming au certain, or even
greater returns than are to be found
in any other line of farm work. We
should easily be able to provide suit-
able pasture by Irrigation if necessary
at a nominal cost, and produce an
abundance of feed for such times as
heavy feeding would be necessary,
and do it at a minimum of cost. We
should be able to provide tbe neces-
sary sheds and barns for properly
sheltering our cattle at a normal cost.
.The labor for the business will cost
no more, if it coats as much, than it
does in other places and all things
considered, there is no reason why we
should not take kindly to the matter
ments on the bond ioouo, Tbia will
cut down the maintenance allow-
ance fur this year considerably but
the Board anticipates no difficulty
in having sufficient funds available
o maintain the school for the full
nine months, and after this year the
fund for the operating expenses of
tbe schools will be ample.
Turtle Bay Topics.
Sunday School will meet with Mr.
and Mrs. Harborson noxt Sunday,
September 10th. Tnere will be ar-
rangements made for a trip to the
gulf on the 13th. Everyone iH inyited
to go whether they belong to the Sun-
day school or not. Will meet at Mr.
Jensen’s place at seven o’clock and
take tho boat from there.
Mrs. Rosenboom and son from
Ganado are visiting Mr. G. C. Camp-
bell and family.
Mr. and Mrs. George Harberson
started for their old home in Illinois
Tuesday morning. We all join in
wishing them well in their old home
place.
Mr. and Mrs. Church have moved
on the farm where Mr. Welker lived.
Mr. Wcllrer will move hack to Illinois
soon. We don’t like to see them go,
Put think tney win aii be back soon.
Mrs. Frauk Coulter was reminded
of the fact that she had reached an-
other milestone on her life’s journey,
when on Monday evening, September
4th, fifty three of her neighbors and
friends came to spend the evening.
Delicious refreshments were served
which all enjoyed and after an even-
ing of social intercourse/ the com-
pany dispersed all hoping that Mrs,
Coulter may liv^ to see many more
birthdays. Those present were:
Messrs Dewey Jordan, O. J. Robb,
Ellis and Bennie Jensen, Davis, and
Jordan; Mr. and Mrs. Hamlin and son
Cleo, Mr. and Mrs. Cooper and family,
Mr. and Mrs. Gillespie and family,
Mr. and Mrs. Clark, Mr. Solem, Mr.
an I Mrs. Green and daughter, Marv,
Mr. and Mrs. Anderson, Miss Wise,
Mr. Harberson and Misb Ethel, Mrs.
Fuller and family, Mr. and Mrs. Wel-
ker and ramiiy, Mrs. Church, Mr. aud
Mrs. Hatcher and family, Miss Nan-
nie Standfprci, brother aud sister, Mr.
1
■
'mm
m
Is
pcmlter receive^ se\
meats of the quality and at the price Uite tor tne pew suuuolbi.ilJir.^ a-.ay ( mentanfl ret,lauia^n that la ""*1 crop, including oil, «hould not take kindl
that will retain your trade. 1 be secured. There may be other'on. 1 hulls, etc., brings in the raw state and give It a try out.
iory of the schools. The Beacon is
especially pleased to be able to
make this statement, knowing that
it will be good news to every one of
our citizens, aud particularly the
patrons of the schools who are di-
rectly familiar with the inconven-
iences that have had to be met at the
end of tho previous terms. Pala-
cios Independent School District
has now passed the rough places in
her progress, and she will not aguin
be lacking in funds to carry the
schools through the full nine months
term. This is always the history of
nev. districts in a growing and new-
ly developed country, and tho peo-
ple of the district have cause for
seif-congraulation, and also for
gratitude to the cchool officers'and
the faculty, by whose good manage-
ment, and personal self-sacrifice
our schools have been brought up
to their present high standing and
most satisfactory financial condition
in sc short a time.
That an extra teacher will be
needed from the opening of the
school would appear from the cen-
sus and enrollment records. The
number in tho district of the schol-
astic age as reported by the census
of last spring is 439. The number
of seats in tbe ten rooms of the
school building is 453. Taking past
yeais as a criterion, the enrollment
before the end of next week in the
schools will exceed the number of
seats in the school rooms. In the
grading of the pupils it must be ex-
pected that every seat in every room
cannot be used. The enrollment
will grow, especially during the
first month, and it is estimated that
this will reach at lertst 480, or 27
more than there ars seats available
even if all could be used. Tbe need
for another teacher and another
room is therefore plainly evident,
and the Beacon believe a second
extra teacher and additional room
will be required before the end of
the first term at the holiday season.
Since the above was put in type
we have been advised that we are a
little premature iu noting the finan-
cial cenditiori of the district, in that
for this year the Board must set
aside 25 cents of the tax to apply on
the new bond interest and sinking
funds, but that after this year, only
so much will be required as will be
necessary iu meci iuo j-oirly pay
be as
ancl thank the many friends
for their kindness.
James Harberson is attending the
Toachers Institute at Edna this week.
He will commence a school in Jack-
son county Monday, September 11th.
Get your School Supplies at the
Crescent Drug Store. 35t2
Official Statement of the Financial
Condition of the
Stats Guaranty
Bank St Trust Company.
At Palacios, State of Texas, at the
close of business on the 1st, day of '~
Sept., 1911, published in the Palacios
Beacon, a newspaper printed and
published at Palacios, State of Tex-
as, on the 8th day of Sept, 1911.
RESOURCES.
Loans and Discounts, per-
sonal or collateral....... $82,531.02
Loans, real estate.......... 28,931.89
Bonds and Sfocks._...... 625.00
Real estate (banking house) 11,329.78
Other Real Estate________ 1,575.00
Furniture and Fixtures____ 3,010.33
Due from Approved
Reserve Agents 4,823.10
Duo from other
Buqk and Bankers
subject to check 1,094.38 5,917,It
Cash items........ 272.77
Currency......... 3,494.00
Specie............ 2,866.53 6,623.30
Interest m Depositors’ Guar-
antee Fund ____________ 699.53
Total:............ $119,193.61
LIABILITIES
Capital Stock paid in......$ 50,000.00
Surplus Fund............. 5,000.00
Undivided profits, net ____ 3,309.59
Due to banks and bankers,
gnhjeet to check_________ 81.07
50,609.79
Time certificates of deposit 9,777.48
Demand Certificates of Doposit 360.10
Casliior’s checks........ 35.58
Other Liabilities as follows:
Certified checks..... 20.00
Individual deposits subject
to check.________________
k *
Total..................$119,193.61
State of Texas,
County of Matagorda
We, Thou. H. Bonner as president,
and W. H. Brooks as cashier of said
bank, each of us, do solemnly swear
that the above statement is true to the
best of our knowledge and belief.
Thos. H. Bonner, President.
W. H. Brooks, Cashier.
Sworn and subscribed to before me
this 7th day of Sept., A. D. nineteen
hundred and eleven.
Witness my hand and notarial seal
on the date last aforesaid.
Sam’l T. Best, Notary Public.
J. P. Pierce,
Corroct—Attest
Jos. Pybus, Sr.
N. Keller,
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Stump, D. L. Palacios Beacon (Palacios, Tex.), Vol. 3, No. 36, Ed. 1 Friday, September 8, 1911, newspaper, September 8, 1911; Palacios, Texas. (https://texashistory.unt.edu/ark:/67531/metapth760572/m1/1/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Palacios Library.