[Volume XXV
THE CHICAGO BANKER
30
Frank Huwieler, George Howard and E. A. Breihan. Filing devices are kept up to date by Brandon Matthews and Melvin Rouff.
The business of the bank employs eight Burroughs adding machines, three typewriters and one American multigraph machine. It has been said that the massive steel vaults are the largest in the state, with the exception of those at the state treasury.
The bank opened for business August 2i, 1905, receiving charter No. 1 under the state banking-law ; has had constant growth and now ranks first in South Texas and second in the entire state from point of business. It has made good use of advertising in a judicious manner, and long in advance of any intimation of a panic, the advertisements intimated that the people would stay closer by a bank whose condition and workings they were best acquainted with. It is sufficient to say, in this connection, that from
January 1, 1907 (covering the panicky period) to the last public sworn statement on May 14, 1908, deposits increased from $2,-532,cxx) to $4,592,000—an increase of more than two million dollars.
The bank was organized with the intention of properly looking after the security of the funds of depositors, and a capital of $500,-000 and a surplus of $125,000 paid in. A ,‘stone wall” bearing the names of 25 successful business men composed the directorate. Service has been the endeavor of the officers, without which no banking institution can extend the proper accomrhodations.
The bank has paid annual dividends to its stockholders of 6 per cent and carried to the surplus and undivided profits over $100,-000; has maintained a savings department, and is paying to its customers in interest at the rate of $40,000 a year at this time.
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A new bank has been organized with II. Geopel as president, and S. C. Bull, cashier, at Leland, Wis.
Inside Workings of a Bank
The Union Bank and Trust Company, of Houston, Tex., with its attorneys, occupies the entire building fronting 50 feet on Main Street, at the corner of Franklin. Just to the left is the entrance to the office of President Rice, who is probably the most popular man in Texas to-day, and who wears the proverbial “smile that won’t come off.” The next is that of active vice-president H. N. Tinker, who has charge of the loans and general supervision of the bank, and who is a thorough bank man. In the next office is George Ham-man, vice-president and trust officer, who, it is said, knows more people in Harris County than any other one man.
To the right as you enter are the offices of cashier De Witt C. Dunn and assistant cashier D. W. Cooley, young men who have, by their affableness and energy, already made their marks as bankers. Adjoining the assistant cashier’s office is the exchange teller’s cage, occupied by H. W. H. Wood. Next comes the paying teller’s cage, conducted by Lee Peters, and then the cages of the receiving tellers Messrs. E. L. Crain and J. G. T. Milby. Next is collections, Messrs. F. C. Lowry and Robert Wagner, and the savings department and safety deposit vaults, conducted by Messrs. Baylor Bolmes and E. O. Nicolai. The correspondence department is looked after by Messrs. Jesse L. Worsham and M. M. Reichman. Temple B. Sebastian has charge of the general books, and the individual accounts are looked after by Messrs. F. R. Lummis, R. F. Heyne, C. E. Malone and R. W. Branard; while the mail department is in charge of Messrs. R. E. Bradshaw, James A. Pearson, R. H. Frazier, J. Gail Ormerod,
St. Louis Disbursements
The total July disbursements of the St. Louis banks are about $586,000 and of the trust companies about $575,000. On ail classes of securities listed on the St. Louis Stock Exchange the total disbursements this year fall slightly below last July, owing to a few corporations having passed dividends on account of the business depression. The total disbursement in dividend and interest payments on listed securities will not be far from $3,-500,000. The industrial stocks will pay dividends of about $700,-000, while the various industrial bond issues will distribute $719,-000 in interest.
On the bonds of the United Railways Co., and its subsidiary corporations $727,000 in interest will be paid out. Dividend on United Railways preferred stock will add $162,000 more from the same source. The city contributes on only one of its bond issues, with an interest payment of $45,700.
V*
Bank Wrecker Gets 10 Years
San Francisco, Cal., July 14.— Walter J. Bartnett, formerly vice-president and general counsel for the Western Pacific railway and vice-president and general counsel for the California Safe Deposit and Trust Company, which failed in this city last November for about $9,000,000, was to-day sentenced to the San Quentin penitentiary for ten years by Superior Judge Conley. Bartnett was convicted of misusing trust moneys.
Escapes Very Lightly
Joseph Hittenberger, 65 years old, formerly manager of the foreign department of the Lawrence Savings and Trust Company, of New Castle, Pa., was recently sentenced to four months in jail, after conviction of embezzlement.
He escaped very lightly. This was because of his age, the fact that he had made up a $400 shortage, and because his deficit first resulted from a mistake he made in paying out money, when he overpaid. This he tried to cover up by falsifying the books.
V*
E. B. Cadwell & Company
The brokerage firm of E. B. Cadwell & Co., of Detroit and New York, is offering an unusually attractive list of bonds and stocks for investment. The list includes railroad, corporation, water power and municipal issues, and those who have received July dividend disbursements will find a good opportunity to reinvest their money.
V
The Philadelphia Trust, Safe Deposit and Insurance Company, which now has $14,000,000 in real estate has created a new position of real estate officer and elected to the place Thomas B. Prosser, now real estate officer of the Real Estate Trust Company.
Royal Trust Company-
Bank
:: Royal Insurance Building .
169 Jackson Blvd.y Chicago
*
A State Bank	Established 1891
Interest Paid on Deposits
JAMES B. WILBUR, President EDWIN F. MACK, Vice-President and Cashier JOHN W. THOMAS, Assistant Cashier
THE
Chicago Title
AND
Trust Company
Furnishes
Complete and accurate abstracts of title.
Reliable and collectible guarantees of title.
Expert service as administrator, executor, guardian, receiver and trustee at the lowest prices consistent with the maintenance of adequate reserves for liabilities on guarantee policies and abstracts ; superior service and a complete and carefully constructed plant.
Assets Exceed $6,000,000
No Demand Liabilities
THE CHICAGO TITLE AND TRUST COMPANY 100 Washington Street
President............HARRISON B. RILEY
Vice-President ..........A. R. MARRIOTT
Vice-Prest. and Trust Officer ... WM. C. NIBLACK
Secretary..............J. A. RICHARDSON
Treasurer..................W. R. FOLSOM
GRAHAM & SONS
TANKERS
STEAMSHIP AND INSURANCE AGENTS
ESTABLISHED 1857—5J YEARS ¥
INTEREST ON DEPOSITS, ACCOUNTS SOLICITED, MONEY TO LOAN ON REAL ESTATE.
Open Evenings Hours 9 a. m. to 9 p. m.
134 West Madison Street Chicago
NATIONAL BANK OF LACROSSE
La Crosse, Wis.