The Toledo chronicle. [volume] (Toledo, Tama County, Iowa) 1873-1924, 1875-01-14

Our New Posi- OFFiCE.-O post Office
has been undergoing repairs 70: sometime
past, and now that the job is finished, c
knov of no one who will be more highly
pleased than our worthy postmistress Mrs
Z. L. Dilman, unless it may be the pub
lie. The glass and lock baxes are now
arranged in the shape ola large v With
two deliveries-one on each side. The
boxes have been REMEMBERED and lot Of
new ones added, as well as a number OF
Lock Drawers 1t is 50 arranged that the
post mistress can distribute the mail with
a great deal less labor, and can see any
box without moving her position, and
the deliveries being one on each side saves
4 great deal Of running back ana forth
The boxes are in the middle of the
room, and on one side of the V is the
door leading Into the Office, while on the
other side is the Stamp aal Money Order
counter. The Office as now arranged il
very convenient and is vast improve.
ment on the old style of things. 1t will
compare favorahly with any country office
in the State, and reflects great credit on
all concerned in the Improvement. The
work is done in handsome style by Mr.
Geo. Newcomer, and Coats e Cannon will
do the painting this week.
| At the last meeting Of the stock holders
of the Toledo Savings Bank (nine-tenths
of the stock being represented it was de-
cided without dissenting vote to increase
the paid up stock Of the Bank from ten to
| fifty thousand dollars. The present stock
holders to have till April 1st, to take each
their pro-rata share of the increase. If at
that time any of the stockholders have
failed to take their proportionate amount
any other of the stockholders may take
such remaining amount at any time prior
to May 10Th, and if at that date any por-
ton Of the increase remains, any person
desiring so to do may take such amount
at any time prior to June 18th, at which
time the stock books will be closed and
all stock subscribed be paid. No liability
to attach TO new stock till July 1st, 1875.
It was also unanimously decided to re or
ganize by July LIST, in accordance Gith
the new law relative to Savings Banks
and a committee was appointed to per-
feet such organization and report to a
special Stockholders meeting 70 be held
June 22nd, 1875. A semi-annual dividend
of 5 per cent has been regularly declared
since the bank was organized; a surplus
fund of 10 per cent per annum has been
also created which it was decided should
be distributed among the stockholders on
the first Of July; this gives the stockhold-
ers net profit of twenty per cent per an
mum on the money invested, which is a
matter of some pride to those conducting
the affairs Of the bank taking into consid-
Grafton the fact that its life is but two
wears and the further fact that the rate OF
interest charged by the bank has been
and still is % per cent less than other
banks are charging.
Let every stockholdcr remember that
NO assessment has been made, that one
is compelled to increase their stock sim
Gle dollar, but oil hace the right TO their
Dro-rata share cfincrsase and that to have
the benefit of this right their subscription
must be made on or before April LIST. A
there is already application made for q
large amount OF stock it is especially de-
sirsblc that every stockholdcr not desiring
- increase the amount Of their stock,
ah0uld Il once notify the Cashier 90 that
zone definite answer can be given TO-
thesc applications.