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PAGE 4-PLAINDEALER-FRlDAY, JANUARY 15, 1971 Here And There In Business Dr. Wm. Nye Elected Chairman Bank Board DR. WM. A. NYE The highlight of the annual stockholders meeting and sub­ sequent directors' meeting of the McHenry State Bank Tues­ day, Jan. 12, was the naming of Dr. William A. Nye as chair­ man of the board, replacing Judge William M. Carroll. A new state law prohibiting cir­ cuit court judges from sitting as directors of financial insti­ tutions made Judge Carroll in­ eligible for reelection as di­ rector. Mr. Carroll had served as a director of the McHenry State bank continually since January, 1933, and was named chairman of the board of directors four years later. During his tenure he has §een the local bank pro­ gress to the position as Mc­ Henry county's largest financial institution. Dr. William A. Nye, the new chairman, has served on the board of directors since 1939. He is a native of McHenry, where he has been a practicing physician and surgeon for a number of years. ,.x The sixty-fifth annual meet­ ing of the stockholders, met for the purpose of organizing the bank for the coming year. Dr. Nye presided over the stockholders meeting. Execu­ tive Vice-President Robert L. Weber reviewed the business growth of the last year. In spite of the uncertain business conditions which have affected the growth of banks and other financial institutions"in most areas, Weber was happy to re­ port an increase of almost $3,- 500,000 in total resources. Certified Public Accountant Elmer P. Adams reviewed the figures compiled by bank of­ ficers. Ormel J. Prust and Edwin J. Becker, Jr., which re­ flected the bank's earnings for the year. President Gerald J. Carey commented that the bank's total resources had again reached a new year-end high. The current year-end total was near $46,- 000,000. Mr. Carey reminisced that the bank's totals were ap­ proximately $13,000,000 when the present building was occu­ pied in 1956. Vice-President and Cashier Thomas F. Bolger reviewed the loan policy of the bank and stated that the loan figures had increased to an all time high of more than $26,000,000. Bol­ ger stated that the McHenry State bank continued to make loans even during the tight mon­ ey market although other forms of investments would have yielded a higher return. Presi­ dent Carey interjected that even though a higher return might have been earned from 'other JUDGE WM. CARROLL investments, the bank's policy had always been one of serving the community and that loans were made as usual. Mr. Carey assured the stockholders that the increased loans had been made without sacrificing the quality of the loan and that it has always been the policy of the McHenry State bank to have money available for good loans and that the bank recognizes its obligation of taking care of the community needs. The cash­ ier stated that $15,000,000 is outstanding in first mortgages on homes and business prop­ erties in the McHenry commun­ ity. The Installment Loan de­ partment, headed by Vice- President James E. Larkin, who is assisted by Assistant Vice- President Richard A. Lane, to­ tals more than $4,300,000. Vice-President and Trust Of­ ficer Richard J. Zieman re­ viewed the progress of the Trust department. Mr. Zieman is as­ sisted in this department by Trust Officers Robert L. Weber and Lenora E. Frisby. The three trust officers anticipate further expansion of trust facil­ ities as more and more people avail themselves to these ser­ vices. Some comments were made regarding the growth of the Sav­ ings department under the man­ agement of Assistant Vice- President Ronald J. Vacula. Some concern was express­ ed regarding the rate of in terest paid on savings in com­ parison to the dramatic droj in the return for other shon term investments. Mr. Webei pointed out that the return on many short term investments had decreased more than 50 percent in less than a year. President Gerald J. Carey cautioned the stockholders that increased deposits and more business also means increased expenses in addition to the add-" ed income. He said that $1,- 250,000 was paid in interest to savings depositors. The sal­ aries of the eighty officers and employees is a major operat­ ing expense and, of course, $450,000 paid in taxes takes a big part of the income. Vice-President Richard J. Zieman told the stockholders of some improvements that had been made in the building. Proof department has been moved to the lower level in the area of the safety deposit vault. The Auditing department will be moved to the lower level also, near the storage vault. These changes will make more space available on the main banking floor for customer services. The stockholders elected the following directors; Gerald J. Carey, William A. Nye, M.D.^ Robert L." Weber, Thomas F. Bolger, Richard J. Zieman and William J. Cowlin. The board of directors met at the reorgani­ zation meeting and appointed the following officers; Dr. William A. Nye, chairman of the board; Gerald *J. Carey, president; Robert L. Weber, executive vice-president and trust offi­ cer; Thomas F. Bolger, vice- president and cashier; James E. Larkin, vice-president; Rich­ ard J. Zieman, vice-president and trust officer; Lenora E. Frisby, trust officer; Ronald J. Vacula, assistant vice-pres­ ident; Richard A. Lane, assis­ tant vice-president; Ormel J. Prust, assistant vice-pr^si- ttent; Edwin J. Becker, Jr., assistant vice-president and auditor; Donald Wattles, Lillian Cairns, Albert G. Vales and Don­ ald H. Meyer, assistant cash­ iers. The board of directors adopt­ ed a resolution acknowledging Judge Carroll's contribution to the growth and the success of the McHenry State bank. About 7,000 stars can be seen by the unaided eye from most any place on Earth, on a clear night. PERSONALS Mr. and Mrs. Fred Bien&pfl, Mrs. Clara Wright and Dale Dixon were visitors in the Geor­ ge Merkt home in Salem, Wis., Friday. John Bauer of Winona, Minn., was a weekend guest of his granc^arents, Mr. and Mrs. Jo­ seph L. Bauer. Mrs. Emma Hartley of Chi­ cago visited McHenry relatives the past week. Mrs. Clara Stilling returned last week from a several weeks visit in the home of her daugh­ ter, Mrs. Edward Doyle, in Idle- dale, Colo. Mr. and Mrs. Phftyj/Ricker and Mr. and Mrs. Gary Ricker attended the funeral of John Creamer in Minneapolis, Minn., Monday. Mr. and Mrs. George E. John­ son "of Arlington Heights visited his parents, the George H. John­ sons, on Saturday. Mrs. Joan Brannah of Belvidere was a guest in their home on Sunday. * Mrs. Paul R. Yanda returned home Monday afternoon from Garner, Iowa, where she at­ tended funeral services for her sister, Mrs. Elwin (Beverly). Holland, which were hgld Fri­ day. Lunch was served by Mrs. Radtke and Mrs. Lang. Sue Honning, Reporter LINCOLN CLOVER LEAVES The Lincoln Clover Leaves 4-H club held its first meeting of 1971, when new members were added to the club. The list now includes Sue Hoffman, Debbie Leonard, Lisa» Mowrer, Lisa Newport, Laarie, Terri, Robin and Linda Radtke, Eric Staveteig, LornS*Wern- quist, Diane and Ted Weber, Mary Goetschel, Trinda Brough, Daniel Miller, Maur­ een Blake, Judy and Joy Vy- duna. Plans for a toboggan party were discussed. There were also many talks and demonstra­ tions given. They include "Tti3 P * x,jr Care of Rabbits" by Sue Honning, "The Proper Care of a Dog" by Jeff Boyer, and "How to Bridle a Horse" by Laurie Staveteig. Mr. and Mrs. Leo Meyer and daughter, Susan, have returned from a vacation in California where they visited their son, Michael, and wife, Colleen, in Concord and Mrs. Meyer's sis­ ter, Mrs. Erics Carlquist, in San Diego. SERVICE NEWS Army Private Gary W. Bock- man, 20, son of Mr. and Mrs. William A. Bockman, Jr., 5118 W. Home avenue, McHenry, re­ cently completed a strategic microwave systems operation and maintenance course at the U.S. Army Signal center and school, Ft. Monmouth, N.J. His 17 weeks of training in­ cluded instruction in the tech­ niques required to operate, ad­ just and assist in the installa­ tion and repair of strategic line- of-sight and tropospheric scat­ ter microwave radio equipment. He entered the army in May 1970 and completed basic train­ ing at Ft. Lewis, Wash. Pvt. Bockman is a 1968 grad­ uate of McHenry Community high school. Marine Lance Corporal Da­ vid W. Sard, son of Mr. and Mrs. Marvin A. Sard of 7118 PUBLIC PULSE (The Plaindealer invites the public to use this col­ umn as an expression of their views on subjects of general interest in our community. Our only re­ quest is that w; iters lim­ it themselves to 300 words or less - signature, full address and phone num­ ber. We ask too, that one individual not write on the same subject more than once each month. We re­ serve the right to delete any^-material which we consider libelous or inob- ^ctional taste.) MARCH OF DIMES "Editor: "Here it is January and the New Year has begun. With it you have new faith and new hope for things to come. With Jan­ uary also comes the Mothers March of Dimes, Pll agree with you it is a lousy time to ask Delaware road, Wonder Lake, was promoted to his present rank while serving with Fifth Marine Amphibious brigade, Marine corps base, Camp Pen­ dleton, Calif. mothers to go otit^n the cqld, and damp weather to collect for a charity. If it wasn't import­ ant and needed, I would not be able to get busy people like Mrs. Jean Weber, Mrs. Libby Johnson, Miss Florence Ped- retti/and Mrs. Caroline Blaha to help coordinate the task of soliciting Wonder Lake. "We all know you are still paying Christmas bills and just ordinary end of the year debts, but we still ask you to dig deep and please be generous. "The March of Dimes cannot do their job without ^our fi­ nancial assistance. It was through this combination that a vaccine for the prevention of Polio and Rubella (German Measles) was discovered. Right now they have a tremendous task of undertaking the fight against birth defects and we have been making progress. There's more to be done and so extra ef­ fort is needed on both parts, scientific research and finan­ cial. Won't you please help us? "Wonder Lake Chairman "March of Dimes "PatlHisthimer" 1 The Belgian Congo is about one-third the size of United States, -v The road. Play it, feel it, know it, sense it, command it. Take of it what it has to offer. RENAULT G0ETTEL MOTOR SALES Rt. 120, 3 miles East of McHenry Open weekdays till 8 P.M. Sundays 10 A.M.-4 P.M. Phone: (815) 385-3330 HON o A osco 3720 West Elm Street McHenry, Illinois RESERVE RIGHT TO LIMIT QUANTITIES Prices effective thru Sunday. Jan. 17 ^erbea* STORE HOURS: Iton.-Fri. 9 to 9 Saturday 9 to 6 Sunday 9 to 2:30 osco VITAMIN C 250 mg. Bottle of 100 Reg. 99' tri & DAFFY DOWN DISPOSABLE Overnite 12's Newborn 30 s Daytime 30's DIAPERS 79* 99* *1.29 JIG SAW ST PUZZLES 100's of designs 300 Piece Set 750 Piece Set 1000 Piece Set 1200 Piece Set [Vitamin ASCONBIC AC V. CHAPSTICKS Reg. \ 45* Wind, Rain and Snow can wear you down and make you susceptible to colds and flu. Don't let winter catch you de­ fenseless . . . get plenty of rest, a balanced diet, and a supply of medications from OSCO. EL-AL IPANTY HOSE Reg. 99* ELECTRIC PROPORTIONED JOHNSON & JOHNSON 9 FOOT 55-*" PLASTIC STRIPS t PREST0NE Window DE-ICER Reg. 89' EXTENSION CORD « « • O Q t . ***' -- • PLAYING CARDS PLASTIC COATED BRIDGE DECK *!»!«» •isRVifK FLORAL DESIGN WASTEBASKET A M P 3 AMP Battery Charger >6« chorgei CONCENTRATED 16 oz. CAN WINDSHIELD ANTI FREEZE & SOLVENT U.L. 6 or \ 5 volt bott«ri«« circuit br«ok«r for ovor load protection 8.88 Ideal for bath or bedroom Reg. 1.79 REG. 39* PURSETTES With lubricated tip TAMPONS Pkg. of 10 Reg. 45* 27* LUSTRE CREME HAIR SPRAY REG. f̂ orelcd Model 35T Reg. 23.88 , The Norelco Triple- > header 35T with micro- groove floating heads th^pt won't cot or irri­ tate. A pop-up trim­ mer, more powerful motor, on/off switch, 110/220 AC/DC volt-J age selector and a handsome metal wallet. LOW, LOW OSCO PRICE! $1988 w «*V'$ 19 SIGNAL BRAND MEN'S T-SHIRTS OR BRIEFS JEWEL WARE PLASTIC DISPOSABLE. REUSABLE [GLASSES! ti Jl. m COUNTY FAIR $ MIXED NUTS OSCO $bhu£ CASH SAVING COUPON -1 Counselor. BATH SCALES $2 OFF REGULAR PRICE $2 CASH VALUE WITH THIS COUPON ItMIT ONt COUPON Pt> CUSTOMll | n.^eia