Weekly Council Bluffs bugle. (Council Bluffs, Iowa) 1857-1860, 1860-02-22

4 IM@ 8@an n A@& @wss@aaa IA EAs
w@m@@K8 aaa M&saa acre
W. pzeszi isaa d sxpfAin how Mr.. Pc
lsae Faak mMksa hia muney oas g8 hf
4 SET Eapparaings' Haaks a1teK Assz
sps in ahe waY ct pFBssaaa - sAs axsaaaI
Iue Ahemk 90 CO. 49,
II tAe arsa plaee AEg. Fnak paya 10 Of.
aee rsnk, lights, fuel or elerk hire, foa
asafaA IL Il ssassa uBsa els sase Of &he
noEas az Ehe said afSslf 2mppaEslagSN
shAs tkay will be redeemed n ths sakoE
OF aaad AKaak, As the town whare said
Bark In located, thera ID 10 paa8s Of ~
dsmnaion. If there ts Q sown assm axaf@
ysyad aad fsplass@ds WITH no bualasnga,
| Il Is going further thaa many Of shs
aliaasa hankA "a. Some OF the bsnks
dc have ca oHsx, or raEtler fsrcoEns
with sDms inssina ok shs psaes o. con-
STABLE, but AEr. pekcR Funk doas aot sas-
tain this expense. Mr.. Fank'a eEsce Il
In his h0asas aAsra be ID geasFaliy found
vysfmsaxss4 BE#N t *4#
We'll. Ia. Ruak's balIs ara oat and ha
has M cuxrens expenses Mr. kunk has
no BILLS geesivahIe. He has no noney
to loan and consequently makes no bad
aabsa. he discounts nothing and con-
seQnsnaly l. nos lboshssad With tiisnoaaa
aayss na psys no lawyers fees fog 90.
sgcfng pAyraant cf doabafuI cIaimB. DIR.
r. Funk hBs only 20 sit qufst, and Rss
esivs the blessings of tAAnkful sud
grateful eoamanltT sE busanass men fog
farnish.ag shaan circulation.
Mr. Funkss Bank goes into operation
Feb. lses IN the year Of our Lord, 1856.
Mr. Tshahod Sharp furnished has Mis-
sonEi beads to ME. Fank's agent at B0e.
on the dollars % thai Mr, Funk has IN
Missouri bonds Sc, 600, (which cost
S50, ,000;1 pledged with the Auditor 0f
Seass 10 secure bis $50 200 circulation.
These honds draw iRtsrest as g per cent.
payable half yearly, in New York; on
the lst Of January. and July of each
ysag. Now, while Mr. Punk cannos yes
bald Of d0iIaE of che bonds, nor ghs
sseareulation,' Mr.. Funk is satitIsd TO
the interest on shA bonds SIS il natures.
The interest," on tie $50, 900 amounts
10 90 60 per year. Whsn ths LIST, Of
July, lGkSs arrives, air. Funk receives
frem ths Auditor 81 800 0f interest con-
pons, and on the -lst... day oS January,
1855. Mr.. Funk 81 500 more. Theas two
payments enable Mr., FRnk 70 pay of
Mr.. CdnAdenee the $500 fee 70 himself
amd bhs % 500 adTaneed 60 'Mr. Sharp,
Aaa further aua Of S250ta Ar. Costa
denca a. interests and commissions, and
leaves Mr. Funk out Of ths ysar's bhsi-
ness, $3.50. = ,''' ~''''''
Nov, Mr.. Fank's bank has paid OF Ghu
sxpease Of briHgfnS sts4lf up. Hsnae-
forward the rseeiPFs Of tbs bank by NAY
Of Interest, to~wit the s. 600 is nett
profit. On the 1st day Of January, 1855 7,
Ms. Funk 10 the posseasor Of 81, $50, in
clssa ~0ssy, and w1thoaE the sid az Ar.
Confidence, this slime, he starts another
$50, 900 bank located on Beaver Greek,
and calls 1t the "Bank Of the West. 81
Another S., 900 il put Hp with the Aa.
ditor, aud for the year 1857 Mr, Rank,s
receipts are 81 200. With this 81 200
on hand January Let, 1853, Mr.. P. Fduk
organizes his stsafeEy Fund Bank" wIth
a capital Of 800 900, located at Co
! lumhia City, on : small Island N Lsks
| Superior, aoceasibie oaiy In very war N
weather, so that on the Iss day bY Jan.
uary, A. D., 1858, Ar. P. Fuak has in
sueesssfai operation three banks, Whose
united capital IL 500 900, with asoeks
pledged to The aEHoaat of @240, 900, and
Mz. Ennk receives has interest coupons
foT the year 1853, amounting 10 tie snnR
| li4le sam Of $l4 400, and far the yea
| 1859 he receives another $i4 400, which
nakss for sAe two stars, SIS 600. Nos
| this last named sam, our readers mnsi
remember, 10 aSss 70 Mr. Funk. III
Starting with aoshing, Mr.. P. Funk il
the owner Of S2s 600 hard moRsy, Sow
ing no nan nothiag,o With bEllliAni
prospects for the future. BIZ. Funk i
personally liable foE nothing thess be,
| ing no liability attached 30 the ownsl
of the banks, for the bank notes are So.
cured shy pledge Of public stoeks. D.
Bsaa AT. Fankss future operations @ua
be given in osAsr nnmbsFs.
| Ne proposes howsxsrs to follow hin
up until t6e anal awinding up" Of thss
| Wild eat banks. .0ne thing We haU
shown, however, aud that is, that Mi
Funk IaaA shipped Gus Of the eoantry b
his operations $500 100 in gold and az
change, and left rags in place Of il
that he has realised in aEs years abeu
80, ,000, and has conferred eysrlRstini
benefits upon eommuni*y whioh ha
received toe plAsters thus spread, via
songs of gratitude and praise. Mr. /
/. Funk has made 81, 900, and while v
! count bis futurs gains We would LID
some smart man 10 calculate gains I
! the holders Of SIR. Fank's notes.--Dal
! Dem. --..