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â€" BVE RIBBON â€" COFFEE | " .f "%E%%s | The newest city in the British Empire will be honored to have such an important little fellow Well, King Jake would be a different name, to say the least, but the more conservative, conâ€" ventional, Charles befits, much better, one who may some day be king of the British Commonâ€" wealth. Some Americans do take more than a passing interest in Canaâ€" dian affairs After the birth, when all the speculation regardâ€" ing names was in full swing, the press carried the account of a Chicago resident taking the trouble to contact the palace with the suggestion, "call him Jake." This feeling comes naturally to loyal Canadians. In Chicago, a few days before the great event, a new resident of the US.A. fired at me, "say, what about the baby?" Americans, standing by, who had just made the introduction were startled, momentarily, until the realized that "our roal family" was being discussed. Word has been received that the royal couple are pleased to accept the gift. Many Waterlooâ€" ites, no doubt, are very appreâ€" ciative of the sincere thanks, ‘â€"the affection and good will which they know the citizens feel toward them at this time." _ Bonnie Prince Charlie is going to use the Toddle Cart which Waterloo citizens game him. £.3 Your "@ CLEANING RETURNED 28 Bridgeport Road _ â€" _ WATERLOO _ â€" _ Dial 44830 Cath and Carry Store 59 Frederick St. â€" KITCHENER â€" Dial 2â€"5071 Fost Pickâ€"up and Delivery Service P ",1‘ j Friday, January 21, 1949 Outstanding Quality « Delicious Flavour is d jood Hi , Neighbours To Your Door At The Time You Want It We know it‘s important that you get your garments back on time. We make a special point of seeing that you do. Phone 4â€"4830 for free twoâ€"day pickâ€"up and delivery service. T E2EA By Marian Ainilay tive to provide for the future", was the decision reached by the entire group. After the meeting refreshments were served by the hostess assisted by her daughter, Miss Laurene Stoltz. NEW DUNDEEâ€"The Oxfordâ€" Waterloo Farm Forum met at the home of Mr. and Mrs. O. G. Stoltz on Monday night with Burly Bretz acting as discussion leader. The subject, "In Time of Need" was discussed by two groups with the secretaries beâ€" ing Mrs. Nyle Shantz and Edâ€" win Rush. "Some social security measures benefit but too much aid from the Government has a tendency to destroy one‘s initiaâ€" ‘"Pockets are used everywhere, even in the back of your suit jacket. Some skirts have lowâ€" placed front pockets. New silâ€" houette is the "flash back" wherein a line is drawn smoothâ€" ly over the hips ending in lowâ€" placed back folds, pleats, or pockets." Farm Forum Meet At New Dundee Being woman, naturally, when I * a heading in one of the daily papers, "Pockets Used Everywhere In Latest 1949 Styles", I quickly scanned the column below to see what exact~ ly was meant by "everywhere". Here is the answer: "â€"may your Christmas be happy, and may the coming year bring you a full measure of prosperity, and may God bless you all.‘" _ King George was speaking of three specific experiences: his silver wedding anniversary; the birth of his first grand child; and his ill health. His ability to disâ€" cuss with his subjects common experiences has endeared him to the masses. It has also added weight to the personal greetings of the and his family. â€" Certeainly, this nonâ€"despodic attitude is a far cry from "The Divine Right of Kings‘ of cenâ€" turies back. Its importance dare not be minimized this day of stress and strain. a very real human relationship }depending on ties that are inâ€" visible _ and _ unaffected â€" by changes in internal form. It would be presumptuous to elaâ€" borate on such a complete stateâ€" ment, and to say that the king in his broadcast, expressed graâ€" titude for the loyalty of his subâ€" jects would only be repeating a foregone conclusion. | Chl;" his ann::l mfii‘o address on istmas y. Georg speaking of some ofu!:fs person:i experiences of 1948, said, "â€"they have shown me that kingship is no isolated, impersonal function, no abstract symbol of constituâ€" tional theory; they have shown me that it is, rather, one role of While we‘re on the mb&‘o! the royal familyâ€"King George has voiced some _ pertinent thoughts. toddle in their gift! Aren‘t fashions interesting? (By Chronicle Correspondent) ( Mrs. Calvin Prachar of Baden, only sister of the bride, was her ,only attendant and she was frocked in an American beauty \shade taffeta frock made with a Inylon yoke and short puffed jsleeves‘ She wore with it a }matching hat and elbowâ€"length ‘gloves and carried a cascade of pink roses and white chrysanâ€" ‘themums. Mr. Calvin Prachar, brotherâ€" inâ€"law of the bride, was best man and the ushers were Mr. LaVerne R. Brenneman and Mr. \Wilbert Schmidt, both of Baden. _ _Mr. and Mrs. C. E. (Ted) Snyâ€" der of Montreal called on friends in town over the past weekâ€"end. Mr. and Mrs. gunley Steinâ€" man and two daughters, Catharâ€" ine, two years of age, and Carol, ninemonths of age, of Winnipeg, were guests recently of the Steinman relatives in Baden and vicinity before taking up their new life in Ethiopia. Mr. Steinman‘s parents, the late Mr. A host of good wishes follows this young couple by their many Baden friends for a long and happy wedded life. The bride was a popular member of the local branch of the Dominion Bank for a number of yearsâ€"and the bridefiom served overseas for a number of years. _ Following the ceremory a ‘qlner for fifty guests was held in the Oak Room of the Baden rHote) and this was followed by a reception at the home of the bride‘s parents. The young couâ€" ple were assisted in receiving b their respective mothers. The lbride’s mother was in a wine dress with black accessories and a yellow rose corsage. The brideâ€" groom‘s mother wore a royal blue dress with navy accessoâ€" ries and a red rose corsage. When the happy young couple return from their wedding trip to Montreal and Ottawa, they will reside at 212 Arnold Street in Kitchener. For travelling the bride chose a flowered black silk jersey dress with black accesâ€" sories and fitted wine coat with a silver fox collar. 3 [ The bride, who was given in marriage by her father, wore a ‘\floor-length white satin wedding ‘gown designed with a lace yoke on a fitted bodice, long lilyâ€" point sleeves and full graceful skirt. Pearls were her only orâ€" nament and her fingerâ€"tip veil was of embroidered net and it fell from a tiara headdress of silver sequins. She catried a shower bouquet of red roses and white chrysanthemums _ with white _ baby _ chrysanthemums caught~in white streamers. The altar was graced with| large baskets of daffodils for the ceremony which was performed‘ by Rev. H. C. Voege, pastor of | the chnurch and also of the St.| John‘s Lutheran Church in Baâ€"| den. Miss Louise Ritz of New | Hamburg was the organist and ‘ Miss Audrey Migliarini of Kitchâ€"| ener was the soloist and sang‘ "Bless This House" and during( the signing of the register, "The| Lord‘s Prayer.". 74 _ Mrs. Robert Nixdorf acted as the financial secretary for the evening and the minutes were: read by Mrs. H. Braniff. The: sick and welfare report was | given b the convenor, Mrs. H. N. Foster. Cards and letters of thanks from sick and shutâ€"ins who had received remembrances and boxes at Christmas were also read. Mrs. Casper W. Fleet gave a topic entitled, "Ashes of 1948". The regular part of the| meeting was closed with the singing of a hymn. There will be a meeting on January 20th at the home of Mrs. Wm. Petz-z nick when the womeg plan on | ‘doing some sewing and the next| regular monthly meeting will be held at the home of Mr. and Mrs. Jerome Lorentz when the ofli~‘ ’cers for the year 1949 will be‘ elected. Refreshments were[ served by the hostess who was 'assisled by members of the soâ€"| cial committee. | Powellâ€"Diebe! Nuptials. | _ _On Saturday arternoon at 3| p.m. the St. Peter‘s Lutheran| Church in New Hamburg was the scene of a very lovely wedâ€"| ding when Miss Evelyn Louise[ Diebel was united in marriage| to Mr. Charles Alfred Powell. ; The bride is the youngest; daughter of Mr. and Mrs. Edâ€", ward A. Diebel of Baden and the bridegroom is the son of Mr. and Mrs, Charles Powell also of‘ Baden. _ P charge of the president, Miss Ethel Hunsberger. For the deâ€" votional portion of the meeting prayer was offered:â€" by the pasâ€" tor, Rev. G. Wuerscher and the scripture reading was taken by Miss Dorothy Battler and these were interspersed with the singâ€" ing of hymns. The regular monthly meeting of the Women‘s Auxiliary of St. James Lutheran Church was #ld at itlh'fl horLr;: 0’}\1 lgaaand Mrs. enry Miller last evenâ€" ing with thirteen memgers in attendance. The meeting was in Auxiliary Meeting. Funeral Home. On Saturday afternoon funeral services were held at the Ratho Presbyterian Church where interment was made. Deceased was in his 78th zeu' and had been in poor ealth for over a year. Baden : mains brought from the Woodâ€" stock General Hospital on Thursday to the Glendenning health for over a year. R One brother, Charles Blair, of Innerkip survives. . chellâ€"Jan. ln‘:h'.c.;l' Br Schell, Maryhill, 7 months. (By Chronicle PLATTSVILLE _‘ The reâ€" Charles Alfred Powell to Evâ€" (By By Mrs. Clarence Diamond (Chronicle Correspondent) OBITV A R Y OEA T H S 84 years. were as follows: Hon. directors, Wardenâ€"elect Oliver J. Wrir\t, Karl Homuth, M.P., ore Isley, M.P.P., Reeve Simon Ditâ€" ner, Reeve Walter Hostetler and E. L. McLoughK, agricultural representative; Hon. president, Mr. Cameron Bock; president, Mr. Willard Witmer; Rrst viceâ€" president, Mr. John Knipfel; second viceâ€"president, Mr. &eu- ben Wettlaufer; and secretaryâ€" treasurer, Mr. Austin S. Zoeller; auditor, Mr. Clatence Heipel; Mr. and Mrs. W. W. Swartzenâ€" truber and Elwood and Ronnie of New Carliste, Ohio, were reâ€" cent guests of the former‘s daughter, Mrs. James Martin and Mr. Martin The regular annual meeting of the Wilmot Township Plowâ€" men‘s Association was held at New Hambu:g this&ear and the officers elected for the year 1949 ner and Deputy Reeve Henty B. Bowman and Councillors A. E. Kerr, Willar® Witmer and Milâ€" ton A. Schmidt were also in atâ€" terdance. The following apâ€" pointments were made: School attendance officer, Mr._F. E. Page; auditor, William Robertâ€" son; assessor and tax collector, Mr. A. B. Christner; sanitary inspector, Mr. Erhardt Roeder; and Mr. Theodore Lautenschlaâ€" ger was appointed to the Board of Health. Rev. H. F. Schade, New Dunâ€" dee, conducted a short devotionâ€" al service at the inaugural meetâ€" ing of the Wilmot Township Council. The meeting was %m- sided over by Reeve Simon Ditâ€" Miss Elaine Yantzi has been engaged as a telephone operator to take the place in the local telephone office recently vacatâ€" ed by her sister, Miss Amy Yanâ€" tzi, who has accepted a position in the Dominion Bank. and Mrs. Joseph Steinman, were at one time residents of Baden. Mr. Steinman, an RCA.F. vetâ€" eran, has been chosen by the Ethiopian government to superâ€" vise teaching and his contract is to run from three to five years. Mrs. Steinman, is a wgraduate of the University of Western Onâ€" tario and a native of Watford and she will asist her husband in his work. Their plans were to fly from New York to Addis Ababa about the middle of Januâ€" Whether inflation is levelling off, or deflation is already under way, is indiscernible at the moment. In an event we are at a stage of life whicz calls for a business technique quite different to that of the war period. Then there was no consideration for control of expense, nor incentive for efficiency of operation. Now it is the part of prudence for business executives | to mend their fences and get back to Here at home, industry has been operating at an exceptionally high level during the three postwar years, and has filled much of the demand which accumulated in the war period. Obviously, each year and each month brings ue nearer to a state of balance between demand and supply. Peak production still prevails in some industriesâ€"notably steel, automobile, construction, base metals and newsâ€" printâ€"but in others there is an underâ€" current of softness, and more adjustâ€" ments are likely to occur as we go along. Goods have come into am;fiei supply in an increasing number of lines and consumer resistance to 7oods that are highly priced or of inferior quality is evident. Order backlogs are melting and more competitive condiâ€" tions are returning. Deg:\ce stockpiles provide a useful outlet for industry but it must be remembered that much of this is specialized production. The construction industry, with its radiatâ€" ing effect on so many associated lines has been one of the mainstays of the post war boom, but with the completion or nearâ€"completion of many expansion programmes, this important industry may show signs of a slowing up before we commence another year. The economic world likewise is divided. Recovery in Western Eui has been only partial despite "I)L: unprecedented mutual efforts of the 19 members of the European Recovery Programme. These nations are trying to establish a prosperous European cconomy but in 1948 were able to increase production over the previous year only by approximately â€" twelve per cent. They still rely on aid from America to a degree that balks cearly hope of trade on a normal, genuinely: prosperous _ scale. _ Fortunately, lfs{\ United Nations Organization continues as a nucleus from which remedies or corrections may be applied to the political and economic u[: of the world. Return to Competition In this land of peace and plenty, we Canadians are reminded constantly that although countries have been brought closer together in time and space, the world still is far from ham in its international relations. struggle for power and influence conâ€" tinuesâ€"and the threat of war this brings cannot be ignored. Indeed, in several countries at this moment there is armed conflict between forces which draw support from ma'fir powers. The economic â€" wor likewise is Gentiemen It is with deep regret that 1 have to record the passing in November last of Mr. Richard J. Cullen, who was elected a director in October, 1945. Board and his name is being submitted at this meeting for election. 00 We have had an acquaintance with Mr. Trumbull extending over many years. His wide experience of business wil} be of decided advantage to us, and we are confident that he will be a highly desirable addition to the Board. THE BANK OF TORONTO 1 wish to announce that Mr. J. Lyman Trumbull, C.B.E., of Vanâ€" gouver* has consented to join our EFFICIENCY OF OPERATION . . . WATCHWORD FOR 1949 | says J. L. Carson, President ‘ THE WATERLOO Sees Enterprise and Ambition The Great Forces of Progress Home Industry Miss Delphine Schneider from Waterloo is spending some time at her home. Mr. and Mrs. Au&_ Schneider spent Sunda{h;t e home of her mother, . Mary Duench Mr. and Mrs. Menno Weber of near Elmira spent Friday at the home of Mr. and Mrs. Henry Bauman. Mr. and Mrs. Josiah Sittler Jr., of the 6th of Peel, visited over the weekâ€"end with Mr. and Mrs. Josiah Sittler Sr. directors, Messrs. M. G. Haffner, David McDonald, Eliworth Bean, Theodore Dietrich, Quentin B. Halman, Wilfred Iutzi Howard Schmidt, Cameron Honderich, A. B. Christner, Harold Shantz, Clarence Schwartzentruber, Wilfred J. Schneller, Simon Ditâ€" ner, Jr., Jeremiah Shantz, E. G. Hammer, Norman Roth, Albert Hammer and Emmanue!l Wagâ€" ner. Mrs. Enoch Martin and Mrs. Earl Ottman spent Monday at Kitchener. Hawkesville : (Ontario) CHRONICLE Labour is entitled to its fair reward, as { Utilizing our _ power â€" and other also are capital and management, and ; resources. _ we have in Carfada a more and more it is recognized that all | chemical industry that has made draw from the common pool which is | tremendous strides in â€"recent years. the national income. Sn-llf)':sh practices | A great deal of research and invention by any one element can hardly produce W in this ficld is now developing into lasting benefit, whereas improvements | industrial form. Under wise, couraâ€" in production and distribution make | geous â€" and enterprising leaders)u'p, possible an increase in the gross output ; there has been steady advance in which then becomes available for all | both volume and diversity of products. to share. Today it stands as one of the nation‘s leading incustries and, includes some g ol "the ~largest vsmblis‘vmems in the, Free Entel‘pl‘ise | Dominion. Further developments are under way, to widen the scope of the The majority of Canadians believe | indusiry and to expand many activities that individual initiative and effort luln'rh are associated with it. ‘ The time when it was believed that the interests of capital and labour were inevitably opposed, happily is passing 102 King St. West KITCHENER Phone 2â€"1936 Canada was blessed with excellent crops in 1948, the prairie province~ alone producing a high quality wheat yield of 360 million bushels _ The occupation of farming, with its close contact with nature, supplies elements part of The future of Canada‘s export trade, which up to now has been supporting approximately 30 per cent of our prople, bristles with complex problems. Its impetus at the moment stems chiefly from our own gifts, credits and loans, and from the generosity of our good neighbour to the southâ€"which condiâ€" tion can not continue indefinitely. A change in the pattern of our trade appears to be imminent One of the reasons why Canada can look forward with enthusiasm and even optimism is the possession, in our north country, of a treasure house rich in assets of ore, timber oil and power. Each year brings to light some new wealth and brings into being some new industries. This opens a path to new horizons. where promotion, capital. technical knowledse and labour are all needed and are all due for reward Qur _ forest cr alone â€" yielded approximately 2 ull:illion dollars of v‘aTu'e in 1948. Under proper con servationâ€"which should have serâ€" ious attention of our governments, owners and operators, in ever in creasing measureâ€"Canada‘s forests are capable of being maintained to fall appreciably, with a much higher breakâ€"even level than formerly. net profits can drop very rapidly and even disappear. Eaiency in all phgses of operation must be the watchword fundamentaisâ€"to watch credits and avoid accumulation of excess invenâ€" tories. Once prices or volume fkfln to (A_ll npp'ecufiy with a much higher Mr. Carson said CANADA‘S NORTH COUNTRYâ€" A VERITABLE TREASURE HOUSE Industrial Partnership STEELE‘S By Mrs. Aug. Schneider (Chromicle Correspondent) OVvER 25 YEARS OF SERVICE For Complete se N /\ Satisfaction Kitchener‘s Reliable Optometrist for 25 Years Export Trade . F. PRICE, orromatrist Agriculture glasses prescribed by our registered optometrist. Have your eyes scientifically _ In accordance with an agreeâ€" nient concluded about one year ago between the Ministry of Agriculture for the Government of Northern Ireland and the Special Products Board, Dominâ€" ion Department of Agriculture, acting on behaif of Canadian producers, 5,000 bushels of Cerâ€" tified fibre flax seed of the Gosâ€" samer are now en route through the port of Saint John, N.B., to Belfast. This shipment repreâ€" sents the third consecutive postâ€" war year that deliveries of fibre Northern Ireland Buys Canadian Fibre Flax Seed Sunday visitors with Mr. and Mrs. O. M. Weber were: Mr. and Mrs. Ezra Frey and family also Mr. H. W. O. Atkins of England who is spending some time with Mr. and Mrs. Onias Weber. Miss Melinda Bowman was a weekâ€"end visitor with Mr. and Mrs. Simon Bowman. near Wallenstein STORE CLOSES 7 P.M. SATURDAY Water power is a servant both of industrial and domestic life. and has already _ contributed much to the Canadian record _ Numerous accessible power sites are in line for carly developâ€" ment . whife others which are more remote may become tactors of value if needed for mininF development. The rm--r potential of the Great Lakes, St. awrence and Ottawa watersheds is so vast as to make possible in this region an industrial development comparable with any in the world _ in contrast to these achievements, \we encounter schools of thought which advocate rigid systems .?.'ff controls for the production and distribution of wealth. Some of these indeed are being put into practice in other lands. But as yet there is no evidence of success even approaching our own _ instead, we read of misery and starvationâ€" often occasioned, it is true, by other causes but certainly not helped by unsound economy _ In this era of political strife and economic experiâ€" ment. we will surely be wise to retain those ‘reedoms and incentives for labour, capital and management which have served us so well in the past and which are contributing so strongly to our stability it the present Our mincral production approachâ€" ©s an annual value of one billion dollarsâ€" this in spite of the depresâ€" sed condition of the gold industry, which it is wel) to remember proved a tower of strength in the depression vears If we consider the oil of Alberta. the iron of Labrador, the titanium of Quebec, the pitchblende of cast and west. and the copper. zinc. lead nickel and asbestos in various parts of Canada, we have good reason to be optimistic. And as yet we have touched only the fringe ol a tertitery so vast that it makes up roughly 75 per cent of the land and water area of Canada Of the north itself, no more than ten per cent has been surveyed and mapped. should be aliowed full scope, and be :eltriaed t:lly where m&v:‘; are may endun’end, t freedom of enterprise we have attained in Canada a standard of Iiw second onk to that of the Uni States. ‘e in Canada can surely be proud ol the innumerable businesses whose growth and devclo&mcut have been entirely due to t initiative and efficiency of hardworking, honourable and talented peopleâ€"business men who have been fair with their emm customers and suppliers and w ve rendered service to the public over a long period of years Evidence comes to us daily from the operations of our custumers that enterprise and ambition are the greatest forces that lead to progress. . Should not such examples of sucerss be advertised across Canada? mdefinitely _ into the future and should rank high in the commerce of the world Water Power and Chemicals flax seed have gone forward from Canada to Northern Ireâ€" land, and continuation of shipâ€" ments may be expected in the The gain here is notable. Total deposits are now $410,000,000, an allâ€" _ Bank Premises, $5,053,000, are highâ€" Icr by $966,000. With construction material of all kinds, particularly steel, still in short supply, we are restricting new construction to essential projects. The growth of our business, however, has necessitated the erection of new buildings at several points, notably at Exdmonton, where the premises our main office presently occupics are totally inadequate for our needs. In: addition, we have spent a quite substantial amount in building new vaults, strengthening others, and instalâ€" ling more upâ€"toâ€"date safekeeping equipâ€" ment. share to its maintenance in taking care of the requirements of our customers. Under this important heading we in re a very satisfactory gain, :f: tmam25.7w,m being 8!3500,- 000 higher. Business activity has conâ€" tinued at a high level and it pleases us to feel that we have contributed our Total Assets have increased $42,800,â€" 000 to $436,000,000, again a new peak. The ratio of quick assets to all liabilities to the public, 74.69%, is fractionally higher than a year ago ; Our Paidâ€"up Capital, Reserve Fund and Profit anSLo- Account now total $21,114,000 Of this amount the shareâ€" holders have paid in $10,074,000, as in large part our shares have been issued at a substantial premium. The remainâ€" der. $11,040,000. represents that part of our annual earnings whicf each year (after payment of a‘l taxes) has beea retained and reinvested. It represents the accumulated savings of ninetyâ€" three years of careful management . The amount distributed for 1948 by way of dividends and bonus represents a yield on the shareholders‘ capital of 391%, On the total funds employed by us, our net earnings this year, after taxes. were less thanâ€" 3/10 of 1% Premises and Equipment, the usual contribution to the Fcnu'on Fund, and provision for Government Taxes, the net amount available for shareholders was $1,190,820, an increase over hgt year of $3,058. in addition to payment of dividends during the year at the rate of $1.20 per share, our directors authorâ€" ized a special yearâ€"end bonus of twenty cents a share payable January 3, 1949. The totai diun‘guled to shareholders was, therefore, $840,000 or $120,00v greater than for 1947, leaving $350,820 carried forward to Profit and Loss Account. Despite a sharp increase in operating expenses, we again report satisfactory earnings. After full provision for Bad :nd Doubt(nl_ Debts, Depreciation on Our Ninetyâ€"third Annual) Statement presented to you today reflects another [ Welfare of Customer First in Importance L. G. Gillett, General Manager, Reports Business at allâ€"time high These developments and potentials and action because, properly handled, they provide a sure future for Canada. be moving. Our gifts from nature are Current Loans and Discounts General Manager‘s Bank Premises Sure Future Total Assets Deposits Profits future, as negotiations are now well under way concerning a favorable arrangement covering the crop year 1949â€"50. On this occasion it is the custom to say a few words in appreciation of our staff, and this I gladly do. Our organiâ€" zation now numbers 2,214, of whom 976 arewomen. They have done excellent work throughodt the year and our thanks to them are freely extended. In building up and mainâ€" taining the spirit of a bank, an efficient Head Office organization is not enough; it is the managers, their assistants, and the staff throughout the branches, who have dayâ€"toâ€"day contacts with our customers, and in many respects they are the most important part of our organization The aim of our Executive has always been to know as many as we can of our Customers throughout the country, and it is a matter of pride that so many are personal friends and frequent visitors at Head Office. We are not one of the fargest banks in Canada, but our resources are am »le to service any type of account | Equally important. our operation is such that we are. organized to give personal attention. not only at branches but at Head Office, to the requirements of individual customers In Canada‘s banking system there are ten institutions in eatremely active competition, at all t‘mes lookinz for opportunities to exp nd their operaâ€" tions and make new connections. A great deal has been said, and is being said, of what the picture would be it, in place of this competition, we had only one government bank | lt is not our thought to enlarge on this. but each individual bank has always to bear in mind that a client, no matter how well his requirements have been taken care of in the past, may go elsewhere tor the accommodation he desires if in his opinion, his present bank is not taking care of him satisfactorily Each turn in "the cycle brings a change in problems, but in [acin> them our viewpoint can never changeâ€" that in the long run our sucers~ must always depend on the welfare of our customers. It is not sufficient that the transaction be profitable to the bank. but that we be sure that it will altso further our client‘s interests. Good banking is essentially the exercise of good judgment We opened cight new offices during the year and now have a total of 20 branches, an increase of 33 since the nme high, and deposits from the m)blw, &87,(!1),(!]), are up $50,000,â€" from a year ago TLls further evidence of the oonfiJenCt df the public in the strength and integrity of our institution must be as gratifying to our shareholders as it is to S)e- management. time high, and deposits from the uâ€"uld-â€"ud checriul despite history which will rival that of most brilliant of anciert or mo plus their immense national Customers and Shareholders Thanks to Staff Competition Branches PAGE