The Guide

What Does Gables Need In '61? Get-Up And Gumption, Says One

By BOB DAVIS Replies to the question "What does Coral Gables need most in 1961?" range from gumption and get-up-and-go to a good hotel and a large major department store. In an informal Times survey, a restaurateur, a merchant, a developer and promoter, and a realty invester... all well known Gableites... suggested solutions to a Gables problem. The restaurateur Dan Ferber of Loffler Brothers Oyster House, had this to say, "Get up and go and gumption are what Gables business people lack. They expect the address Coral Gables to make them, but instead they should make the address. Concentrated Effort "By making a concentrated ed above with relaxation and recreation, James Nichols, head of the Apartment Owners' As- effort of self-improvement, they can make Coral Gables synoni- mous with shopping. Specifical- ly, they should embark upon a program to develop a spirit which they can imbue sales people and advertisers with. "It's all summed up in the story about the football player who is in shock after a pile-up. Upon seeing the player laying face down on the ground, the coach says, 'Don't just lay there... do pushups!'" Contrasting the zeal mention- sociation, points to a need for parks and recreation areas. No Place For Them "There is virtually no place for children to play or old folks to walk or sit outdoors. Real estate well suited for parks is located close to Coral Way and Red Road. All the city has to do is develop the area and turn it into a park. "The vacant Douglas En- trance area also would have been ideal for a park." Shifting to the merchant, Warner Daniels, owner of Dan- iels' Department Store, said he looks forward to a good hotel and a large major department store as two factors that would draw more people into the Ga- bles. "By and large I am well satis- fied with the Gables exactly as it is, but I can see where a large 300 to 400 room hotel with the conventions that go along with it could decidely benefit the community most. "Another thing that Coral Ga- bles lacks is a large major de- partment store." The developer of Miracle Mile, George Zain, said "Coral Gables has everything except population... both retired and working. Developed as a city beautiful for northern retirees and owners of two homes, the Gables' home construction has not kept pace with business. Also, zoning regulations are too tight."

TWO BANKS ALIKE IN SPIRIT ... large enough to take care of your needs ... small enough for personal attention

Our customers have learned that it pays-especially today-to do business with bankers who make it their business to know and understand individual financial problems. Our officers are always at your disposal... always ready to help you with a little extra service. We think you'll enjoy their personal attention. It is one of the things that makes both the COMMERCIAL BANK and the MERCHANTS BANK a little different. At either bank you'll find a warm welcome and the right service for you. BIG BANK SERVICE WITH NEIGHBORHOOD CONVENIENCE COMMERCIAL BANK OF MIAMI STATEMENT OF CONDITION DECEMBER 31, 1960 RESOURCES Cash and Due from Banks | $2,821,949.30 U.S. Government Bonds | 5,331,341.85 State, County and Municipal Bonds | 1,543,473.31 Other Investments | 65,000.00 Loans and Discounts | 7,942,240.87 Bank Building | 180,050.22 Furniture, Fixtures and Equipment | 100,635.59 Income Earned, Not Collected | 69,170.24 Other Resources | 26,105.77 TOTAL RESOURCES | $18,079,967.15 LIABILITIES Demand Deposits | $10,378,994.57 Time Deposits | 5,752,079.40 TOTAL DEPOSITS | $16,131,073.97 Interest Collected-Unearned | 381,608.09 Quarterly Dividend-Payable 1-3-61 | 11,000.00 Reserve for Taxes and Accrued Expenses | 91,113.46 CAPITAL Capital Stock | $550,000.00 Surplus | 600,000.00 Undivided Profits | 215,171.63 Reserve for Contingencies | 100,000.00 TOTAL CAPITAL ACCOUNTS | 1,465,171.63 TOTAL CAPITAL AND LIABILITIES | $18,079,967.15 OFFICERS L. E. FENN Chairman of the Board W. S. McCREA Vice Chairman of the Board H. T. MAROON President M. E. STEPHENS Executive Vice President GREGORY CONSTANTINE Vice President W. H. BOYETTE Vice President and Cashier Trust Officer GEHL GARRETT Vice President JOS. A. MAROON Vice President LUBA MARSH Vice President FRANK B. HOSELTON Assistant Vice President CLARA H. JORDAN Assistant Vice President E. E. LEGGETT Assistant Cashier PAUL A. BRADY Assistant Cashier CARL W. HORNICK Assistant Cashier and Assistant Trust Officer FRANCIS ROWE Assistant Cashier R. D. SINGLETON Assistant Cashier DIRECTORS G. D. CONGER, M.D. President-Conger Life Insurance Co. GREGORY CONSTANTINE President-Theo Investment Co., Inc. L. E. FENN Chairman of the Board W. A. FREDERICH President-Fredmar, Inc. IRVING GOLDMAN Merchant Owner-The Style Shop H. T. MAROON President of the Bank JOS. A. MAROON Vice President of the Bank W. S. McCREA President-Earl V. Wilson Co. E. S. QUICK Attorney-at-Law R. G. SATCHELL President-Metropolitan Laundry & Cleaners, Inc. M. E. STEPHENS Executive Vice President of the Bank MERCHANTS BANK OF MIAMI STATEMENT OF CONDITION DECEMBER 31, 1960 RESOURCES Cash and Due from Banks | $2,240,660.20 U.S. Government Bonds | 3,866,770.65 State, County and Municipal Bonds | 870,457.46 Other Investments | 80,000.00 Loans and Discounts | 5,804,314.19 Bank Building | 336,813.51 Furniture, Fixtures and Equipment | 171,789.23 Income Earned, Not Collected | 74,183.72 Other Resources | 60,195.46 TOTAL RESOURCES | $13,505,184.42 LIABILITIES Demand Deposits | $8,528,877.49 Time Deposits | 3,613,298.70 TOTAL DEPOSITS | $12,142,176.19 Interest Collected-Unearned | 191,850.05 Quarterly Dividend-Payable 1-3-61 | 8,250.00 Reserve for Taxes and Accrued Expenses | 82,227.00 CAPITAL Capital Stock | $550,000.00 Surplus | 400,000.00 Undivided Profits | 130,681.18 TOTAL CAPITAL ACCOUNTS | 1,080,681.18 TOTAL CAPITAL AND LIABILITIES | $13,505,184.42 OFFICERS L. E. FENN Chairman of the Board W. S. McCREA Vice Chairman of the Board H. T. MAROON President M. E. STEPHENS Executive Vice President W. W. MAROON Vice President H. P. McGOOGAN Vice President ANN TURINSKY Vice President C. E. DOUGLAS Cashier ROBERT H. DUNN Assistant Vice President JOS. W. ARMALY Assistant Cashier LILLIAN C. BUCHANAN Assistant Cashier E. S. CUMMINGS Assistant Cashier VIRGINIA G. KELLY Assistant Cashier FRED W. SALISBURY Assistant Cashier DIRECTORS GREGORY CONSTANTINE President-Theo Investment Co., Inc. L. E. FENN Chairman of the Board WALTER A. FREDERICH President-Fredmar, Inc. H. T. MAROON President of the Bank W. W. MAROON Vice President of the Bank GEORGE E. MAYER Director-Grand Union Stores of Florida W. S. McCREA President-Earl V. Wilson Company E. S. QUICK Attorney-at-Law M. E. STEPHENS Executive Vice President of the Bank 3% INTEREST PER ANNUM, PAID QUARTERLY ON REGULAR SAVINGS ACCOUNTS We will serve you all these ways: Regular, Commercial and Personal Checking Accounts | Business Loans | Dealer Sales Financing | Automobile Loans and Installment Loans of all types | Safe Deposit Boxes | Auto Teller and Walkup Windows | Day and Night Depositories | Bank by Mail | Free Parking Money Orders | Travelers Checks | U.S. Savings Bonds in Edison Center COMMERCIAL BANK OF MIAMI 6015 N.W. 7th AVENUE in Southwest Section MERCHANTS BANK OF MIAMI 950 RED ROAD MEMBERS FEDERAL DEPOSIT INSURANCE CORPORATION

Thief Took Thief's Holiday

Thieves picked Christmas and New Year's Day to relieve Julian Goldstein, of 223 Zamora, Apt. 2, of his possessions. Goldstein complained to Coral Gables police that a $50 radio, $100 camera, $30 in records and a $25 jewelry box and case were stolen from his apartment on Jan. 1. At Christmas, he reported, his girl friend's bag, a pair of prescription sun glasses, another pair of glasses, $65 in cash and identification papers were stolen from a car parked in front of his home.

Gables Civic Club

Members of the Coral Gables Civic Club will meet at 12 noon Thursday, Jan. 12, at the Riviera Country Club. Mrs. George Stebbins, president, will conduct the business meeting. Mrs. Frank Kerdyk will review the book, "Look to the Road," by Shirley Seifert.

During the 1959-60 season, 173,765 carloads of fruits and vegetables were shipped from Florida.