[Volume XXV
THE CHICAGO BANKER
26
The Cedar Rapids National Bank
Cedar Rapids, Iowa
Solicits the accounts of all good banks and bankers within its territory, and will place at their disposal facilities gained through years of experience in handling that class of business, with terms as liberal as safe banking methods warrant.
O'RECT
United States Depositary Reserve Agent for National Banks
S. S. FARWELL, President HENRY M. CARPENTER, Cashier
The Monticello State Bank
Monticello, Iowa
Capital $100,000	Surplus $180,000
Resources over One and a Half Millions of Dollars. Established thirty-three years and has had conservative, steady growth. Makes and remits for collections promptly, and solicits accounts of banks and bankers.
Safety, Promptness, Courtesy and Confidence
THE
OTTUMWA NATIONAL BANK
OTTUMWA, IOWA
Capital, $100,000 Surplus, 75,000
Will render genuine service to all those having business in Ottumwa and vicinity.
J. B. M0WREY, L. E. STEVENS, R. W. FUNK.
President	Cashier Ass’t Cashier
the business thus conducted under regular clearance house principles in the near future. Iowa’s Wealth
Some idea of the source of Iowa’s great wealth may be gleaned from carefully prepared statistics compiled by Secretary Simpson of the State Agricultural Society which prove eye openers to the average Iowan. According to the tabulations, Iowa has over $2,627,000,000 invested in crops, farm products, live stock, farm lands and farm buildings and machinery. The crops and products in 1907 were $389,500,-705. The live stock valuation was $340,826,266. Farm lands and buildings were worth $1,855,-857,423. The farm machinery is valued at $41,-232,368.
There were thirty-two million acres of Iowa soil under cultivation by Iowa farmers, and a
week. There were but two bids. The Iowa National asked for the bonds, provided it could get them 2 per cent below par. The German Savings put in a bid at par less the cost of issue. As the statute does not permit the sale of bonds below par, the bids were rejected. The council is now considering the issuance of bonds in blocks of $5,000 in hopes that the people of the city will purchase them. The bonds are to run twenty years at 4 per cent. The council proposes to issue them to pay out on various debts and creditors are clamoring for their money which hardly seems forthcoming until the issue is disposed of.
Guaranteed Bank Deposits
As was expected, the democrats are proposing to make a campaign for guaranteed bank deposits this fall. In response to a general demand for a plank favoring the guarantee from several democratic county conventions, the state convention assembled at Sioux City adopted this plank:	“We favor a law guar-
anteeing bank deposits similar to that recommended by W. J. Bryan and now in successful operation in the new democratic state of Oklahoma.”
Des Moines democrats who have returned from Sioux City say that it is the purpose of the democratic campaign managers to dwell upon this plank in the coming fight for control of the state. The republicans in convention at Waterloo took no action upon the proposition whatever though it was suggested in the room of the committee on resolutions.
Postal Savings Banks
The postal savings bank proposition is also being boosted somewhat more than formerly and this time by the postmasters of the state. Several district associations of postmasters have adopted resolutions favoring the postal savings banks and it is stated that the question is to be put up to the state association when it meets late in the year. At Ottumwa the postmasters from Wapello, Keokuk, Appanoose Jefferson, Lucas, Van Buren, Wayne, Monroe, and Davis counties passed a resolution favoring postal savings banks that is decidedly to the point, and which they will try to have endorsed by the state association.
The Waterloo Clearing House
The bankers of Waterloo, in common with the other business men and residents of that city are decidedly alive and alert. They have now practically completed the organization of a clearing house and have adopted a regular clearing house system that they believe will be of much benefit to them as it does away with the necessity of working employees going upon the street every morning, and avoids the necessity of public carrying of currency. The method that has been adopted is for the representatives of banks to meet every morning at one of the banks for a month and then at another alternating between the banks in East and West Waterloo. It is the plan to have
Des Moines, July 2.—Once more the city-council of Des Moines is preparing to ask the people of Des Moines to purchase municipal bonds of $180,000 since financiers refused to take the bonds which were offered for sale last
CLINTON, IOWA
Capital and Surplus, $500,000.00
Send us your Iowa and Western Illinois collections. Our service and rates will please you. BANK ACCOUNTS SOLICITED.