Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 7 · column 1 of 3 · from the scan, no model involved

Amt. of Assets Dec. 31, 1974 . $175,684.20 Amount of Assessment - 11,483.29 New Business - 1,161.57 Interest on Investments . 14,089.20 Potomac Edison Deposit Refund 16.35 Appraisals ..----. 575.15
TOTAL
$203,009.76
80.1%