23 Dec 1943
Page 1
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Newspaper
Rolfe Arrow
Location
Rolfe, Iowa, United States of America
Date
Dec 23, 1943
Page
1
Consolidated with The Reveille on February 12, 1914. The enterprise was founded in 1888 by J. J. Bruce and for years was successfully operated by members of the J. H. Lighter family.
The piece critiques Gen Douglas MacArthur as a 1944 Republican nominee after Pearl Harbor and notes concerns about leadership and the path to the presidency. It contrasts him with Grant’s Civil War leadership and presidency amid scandals, suggesting questions about the best candidate.
The U S Chamber of Commerce ran three surveys on postwar buying intentions. Most Americans expect a prosperous first year after war ends, though 64 percent want 20 billion dollars in durable goods within six months. About 86 percent foresee a slow return to peacetime production. Some 32 percent fear unemployment. 13 percent see a middle ground.
A Sioux Falls editorial argues that leadership hinges on performance not age, noting young men excel in tasks needing stamina while older individuals often lead effectively in military and business. It cites openness at 80 and closed minds at 50, asserting age alone does not limit achievement.
The piece argues isolationism must be defeated in the nation but warns the struggle will be hard. A Waukan Republican criticizes inflation calling it financial ruin and urges public support for bonds as a national duty.
Special stockholders meeting December 13 1943 in Rolfe Iowa adopted amendment to Article V capital stock changing value from twenty five thousand dollars to fifty thousand dollars and updating related figures reflecting total issued and voted shares.
Section 1 of Article V is amended to set capital stock at fifty thousand dollars divided into fifteen thousand dollars of preferred stock and thirty five thousand dollars of common stock. The preferred stock comprises 150 shares at $100 par. the common stock comprises 850 shares at $100 par. The bank officers are authorized to sign acknowledge record publish and enact the amendment. The chairman and secretary certify the proceedings of the stockholders.
The Rolfe State Bank of Rolfe Iowa certifies that on December 18 1948 G G Butler and E P Lomen acted as chairman and secretary at a stockholders meeting and approved the proceedings as true and correct copies with the directors attesting to the official act and seal of the bank.
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