THE CHICAGO BANKER
July 4, ipo8]
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you draft for $5.00 to pay one year’s subscription to your weekly from June 1, 1908. We continue to find it of great interest and would not be without it.”
new account. It is said to work well.
is not made a paid office. Some states make an assistant secretary the paid secretary and some clean fellow the honorary secretary. That would let Mr. Henschen in nicely.
its trade mark “Time-tried, Panic-tested.”
and Standard oil maps) to Lobster Bay. In many Other ways people will say what they think.
**T^HE Business and Financial Primer” issued ^ by the Real Estate Trust Co., of Pittsburgh, is as good in its field as any of the beginner's books published at one dollar. You can have a copy for the asking.
longs, to the presidency of the largest bank in his adopted city of St. Joseph. The election was in reality a “reward of merit.”
is high grade and worth reading. It is a subject upon which it is easy for a banker to have too little information. Read it and file it away.
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out of a fourth story window in Chicago: “He was a son of R. M. Wells, president of the Bankers National, etc.”
Another said : “He was the son of the cashier of the Bakers’ National.” Was the scoop shovel on duty in both offices at once?
Cashier.
good of the association in such a club. What do you think ?
THE new booklet showing the Third National banking rooms indicates that St. Louis has a real “point of interest” in the banking line to show visitors. It will be many years before the skyscraper at Broadway and Olive will be surpassed.
THE Third National has made a record in progress which is unequaled by that of any bank in St. Louis, and not excelled by the growth of any institution in the entire country. The gross deposits of the Third National have increased from $4,226,976.88 in 1897 to $30,409,-202.83 in 1903, exhibiting a gain of $26,182,225.-95 in eleven years.
TO start a rumor that any state or national bank is in an unsound condition will be a misdemeanor punishable in Nebraska by a prison sentence, if the next legislature passes the bill which has been prepared by the Nebraska Bankers Association. Secretary Hughes has sent out circulars telling that such a bill has been prepared and asking all bankers to support the executive committee in an effort to secure its passage.
THE punishment mentioned in the bill is a fine of not more than $5,000 and imprisonment at hard labor for a term of not more than five years. Bills similar to the one of the Nebraska bankers have been prepared in every other state at the suggestion of the American Bankers Association.
THE Bank Advertiser quotes this from a Southern author:	“The country banker should do
much educational advertising. To a great majority of country people a bank is a deep and dangerous mystery. The most some of them know about banks is that they sometimes fail. Mystery׳ breeds suspicion. Faithful and judicious advertising will overcome this prejudice against banks and create a better understanding.”
THE Dominion National of Bristol, Va.— Term., sends out a lot of circulars and booklets to stimulate the banking desires of the mountain districts. One of the latest and best is “The Value of a Checking Account.”
IN its report of the Atlantic City convention last year the Chicago Banker suggested and advocated the formation of a banquet club by the ex-members of the executive councils. Humorously it was suggested to call them the “Has Beens” but “The Old Guard” or some more descriptive title would do. What a glorious crowd they could assemble ! All the ex-presidents would be in and the only difference between the exes’ banquet and that of the council would be that the exes would dine at their own expense. But there’s something even in that.
THE plan is going forward and the first annual dinner will be at Denver and the newspaper boys can be present and assist in the “toasting" which is to be a ]!art of the program. Delay has been occasioned for the reason that there was a complete absence of records at headquarters, showing past officers and council members. Secretary Farnsworth was much surprised at this but he has gone to work in his usual way to make up a record and the Denver dinner should be a corker. Distinctive badges will be adopted, in case the old ones will not serve. Many of the choicest spirits of the A. B. A. are among the exmembers of councils, and a good time and an influential organization are assured.
AS soon as possible plans will be circulated and the club will elect its own officials. How would Chapman, Jr., do for the first secretary and Swinney for first president? They both become ex. this year. They have talent for such things but so have many others. Fenton would do for president and could act without a coach.
PRESENT members of the council should help this thing along for to them it holds out hope of a continuation of the annual good fellowship which makes the council so desirable. This is a life job and if the club wishes it may meet twice a year just as the council does.
THE publisher would be glad to hear from any who have plans to suggest. Let’s get to V work and change it in advance from the “Has Beens” to the “Always-in-it” club. The currency question might be barred.
NO one who has given the matter a thought can see anything but a good time and the
Ohio Rankin¿ News
found. His shortage amounts to a little over that amount.
The Cincinnati National Banks
The Cincinnati national banks are progressing in their plans to organize a currency association, as provided under the Vreeland currency bill passed by the recent Congress. The official papers have been received from the Comptroller of Currency, and the organization is now waiting the passage of resolutions by the board of directors of each of the banks authorizing the president and vice-president or cashier to join such an association.
Savings Bank Men
The grand jury, which has been investigating the affairs of the defunct Ohio Trust Company and Norwalk Savings Bank, has returned 16 indictments against four officials of the trust company, returning nine indictments against two officials of the savings bank company, Day Kies, treasurer, and Ed. C. Elnen, assistant treasurer.
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The Farmers & Traders Bank of Browning, 111., has been incorporated. C. D. Workman was elected president and L, Yeck, cashier.
ago, saying he would return the next Saturday. A large crowd of Italians gathered around the bank and became so demonstrative that the police were called to protect the building.
The Whitehouse Banking Company
The Whitehouse Banking Company reports capital of $12,500 and deposits $60,000, with the following officers: John Weckerly as president: R. Campbell, vice-president; Geo. R. Campbell, cashier, and Glen. C. Bradley, assistant cashier.
Bank Run Follows Suicide
About 500 persons were at the People’s Bank of Columbus, Wednesday, when the doors were opened, but after many had drawn out their money the incipient run was over and normal conditions prevailed the remainder of the day. The cashier, Harry R. Huggett, who shot himself, left $3,200 in cash at his home and this was
Leopold Ivleybolte, President of “Group One” of the Ohio Bankers Association, has postponed the meeting of that group, scheduled to be held at tire Zoo on Tuesday. This was done because of the proximity of the convention of the Ohio Bankers Association, which meets at the Thousand Islands, July 8th. A number of Cincinnati bankers will attend, going in a special car. The meeting of “Group One” will, therefore, be called to assemble at Cincinnati this fall. The two meetings would be too close together to secure a satisfactory attendance at “Group One.”
Cleveland Private Bank Closed
A private bank owned by Antonio Bonnetti, at Woodlawn Avenue and East North ,Street, of Cleveland, was closed last week. The concern was patronized exclusively by Italians. It is said the deposits amount to about $100,000. Bonnetti, according to report, left the city some time
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