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Newspaper
Waterloo Evening Courier
Location
Waterloo, Iowa, United States of America
Date
Jan 01, 1916
Page
11
Waterloo community reports 1915 building activity with private, public, and utilities spending totaling over 2.1 million dollars. The list highlights numerous residences and commercial upgrades across wards, noting Rath Packing and local churches included in major projects.
A summary recaps private improvements totaling 069,500.00 and 129,065.17 and public improvements totaling 947,300.00, with a combined grand total of 2,145,865.17 dollars. The document lists iPublic Utility figures among the line items, indicating a consolidated accounting of capital projects and utility expenditures.
Listing includes paving in various streets with curb and gutter water mains sewers and cement sidewalks. Contains sewer repairs manholes catch basins cement crossings and waterworks improvements. Notes new electroliers tile drain on Hammond Ave oiling roads fence on Falls Ave floor Avalon Ave bridge and park improvements.
Utility firms including Cedar Valley Line Waterloo, Illinois Central, Corn Belt Telephone, Citizens Gas and Electric, Chicago Great Western, Chicago Rock Island Pacific, Western Union Telegraph report combined investments near one million dollars.
Public service firms in Waterloo report substantial upgrades in 1915. Corn Belt Telephone Co adds 2462 miles of copper wire, undergrounding most of it, expands central office space, and plans 1916 conduits in the southeast. Traffic control and operator training are highlighted to handle rising demand. Pacific coast reach and long distance growth noted. Citizens Gas & Coke spends about 200 dollars? Noting major items: 24000 for extensions and services, 12000 for meters, 12000 for gas purifier, 36500 for a new distributing gas line, and Mazda lights replacing arc lamps to improve street illumination.
The November 1915 statements show Waterloo bank deposits rising by about 700000 from 1914 totals, with savings deposits up 156056.15. The article highlights eight local banks including four national, two savings, and one state bank, totaling 1800000 in capital and 7391622.40 in deposits, indicating strong financial health.
The Waterloo area shows deep thrift with about 27 000 savings accounts in a city of 83 000, about four in five residents. Total November savings near 3 000 000 dollars, averaging 115 per account, plus 7 000 savings club members and 4 362 building and loan members. Deposits across banks, loan and trust companies total about 3 477 8589.62.
A historical Waterloo financial survey tracks bank loan plugs and assets from 1906 to 1915. It notes capital stock rising from 60,000 to 1,300,000 and total deposits peaking at 11,744,068.09 in 1915, with the number of banks adjusting from seven to eight then nine and back to eight after mergers.
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