Bank offers 4 percent interest compounding semiannually
A promotional note from a bank invites customers to deposit funds with a stated 4 percent annual rate. Interest compounds every six months, promising safety and growth of the saved money.
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Newspaper
Aberdeen Herald
Location
Aberdeen, Washington, United States of America
Date
Aug 19, 1909
Page
5
A promotional note from a bank invites customers to deposit funds with a stated 4 percent annual rate. Interest compounds every six months, promising safety and growth of the saved money.
Bank depository record lists Chehalis County and the City of Aberdeen as holders of public funds. The note mentions Bride's New Jewelry at 215 West Heron as a related address or entity in the snippet.
Long list of chehalis county notes includes residents visiting Seattle and the fair in Tacoma, trips to Mount Rainier and Lake Cushman, and family updates. Fire chief brings a team of horses, city police adopt full records, and local commerce advances with depot grounds bids and street oiling project.
The Aberdeen and Hoquiam Transportation Company is incorporated with 3500 shares of 10 each totaling 35000. Incorporators include C G Palmberg Albin W Norblad G A Hemple Thomas Toivonen and others from Astoria Or Houghton Mich and Chicook Wash. Trustees named until officials elected aim to run freight and passenger lines between Hoquiam Aberdeen Montesano and Tacoma using 20 passenger Pullman cars for Troquiam Aberdeen Montesano and a combined car for Tacoma. Subscriptions payable at Hayes Hayes Bank Aberdeen to hold funds until officials elected.
Hoquiam August 18. A suit seeks to enjoin Martin Taylor from collecting a $3500 note given by Edward and Amanda Kohl for an interest in selling kitchen cabinet agency rights. Taylor claims the Kohls bought stock like others and that the California Cabinet company is legitimate and led by known local stockholders. Judge Still issued a restraining order to stop collection pending further action.
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