25
THE CHICAGO BANKER
July 25, rgoS]
Second National Bank
PITTSBURGH, PA.
$1,800,000
2,000,000
CAPITAL STOCK SURPLUS ־
HENRY C. BUGHMAN, President
WM. McCONWAY, Vice-President	JAMES M. YOUNG, Cashier
THOMAS W. WELSH, Jr., Vice-President BROWN A. PATTERSON, Asst. Cashier
Depositary of the United States, the State of Pennsylvania and City of Pittsburgh
DIRECTORS
HENRY C. BUGHMAN,	״	WM. M. KENNEDY,	FRANK C. OSBURN,
President	Commonwealth Trust Co.	Attorney-at״Law
ROBERT D. ELWOOD,	JAS. S. KUHN,	EDWARD	B. TAYLOR,
of R. D. Elwood & Co.	Pres. Pgh. Bank for Savings	Vice-Pres. Penna. Co.
CHAS. W. FRIEND,	WM. McCONWAY,	FRANK S. WILLOCK,
Clinton Iron & Steel Co,	of McConway & Torley Co.	of Westmoreland Brick Co.
THOS. D. CHANTLER,	WM. L. CURRY,
Chantler & McClung	McKeesport Tin Plate Co.
Accounts Solicited—Our facilities insure prompt attention
If You Are in the Market for New
Bank Fixtures and Furniture
It will be very much to your advantage to get our ideas. The name ANDRE VFS stands for all that is modern in every detail of office equipment, and the ANDREWS product has been the standard for nearly half a century.
IT We make only the best that skill and unequaled manufacturing facilities can produce, and charge you only a fair price for it. One of our experienced traveling men will be glad to call on you at your convenience.
Illustrated booklet upon request
The A. H. Andrews Co.
1 7476 1 ־ Wabash Ave., Chicago
1161-75 Broadway, N. Y.
Lumberman's National Bank, Houston, Tex.
HE NORTHERN TRUST COMPANY » BANK
N.W.CORNERLASALLE AND MONROE STS.
REPORT OF CONDITION
At the Commencement of Business July 16, 1908.
Liabilities
Capital stock.......................$ 1,500,000.00
Surplus fund.......................... 1,000,000.00
Undivided profits....................... 861,871.10
Dividends unpaid............................. 80.00
Interest reserved........................ 37,494.48
Cashier’s checks......$	312,740.03
Certified checks.....................	89,166.66
--------------- 401,906.69
Demand deposits........$14,124,211.82
Time deposits.......... 11,216,255.52
------------ 25,340,467.34
Total...........................$29,141,819.61
Resources
Time loans on security. $4,600,185.88 Demand loans on security................. 4,783,506.73
Bonds.................. 7,486,318.54
Stocks.................... 50,000.00
------------$16,920,011.15
Bank premises, Ground.................. 850,000.00
Building................ 400,000.00
Due from banks......... 6,006.062.29
Checks for clearings .	256.156.19
Cash on hand..........	4,709,589.98
------------ 10,971,808.46
Total..........................$29,141,819.61
DIRECTORS
CHARLES L. HUTCHINSON,
Vice-Pres. Corn Exch. Nat’l Bank. MARTIN A. RYERSON,
ALBERT A. SPRAGUE,
Pres. Sprague, Warner & Co. SOLOMON A. SMITH,
2nd V.-Pres. The Northern Trust Co. BYRON L. SMITH,
Pres. The Northern Trust Co.
A. C. BARTLETT,
Pres. Hibbard,Spencer, Bartlett ¿k Co. WILLIAM A. FULLER,
Retired Manufacturer.
ERNEST A. HAMILL,
Pres, Corn Exchange National Bank. MARVIN HUGHITT,
Pres. Chicago & N. W. R’y Co.
We Invite All or Part of the Business of Individuals, Corporations and Firms Who Appreciate Conservative Banking.
terecl all over the country, will Tlo much towards giving them a sense of comradeship and mutuality which will tend to make for a greater sympathy which is greatly to be desired. It will give the individual "bank, either the large or the small, a power to be of greater service to its community. And we all know that the institution or business which most acceptably serves the greatest number is the greatest, and will receive the most consideration at the hands of the public.
Let us not be like the lightning bug:
The lightning bug is brilliant,
But it hasn’t any mind,
It stumbles through existence With its headlight on behind.
Let us put our headlight, (emphasis on the head) well to the fore. Let us co-operate in every possible way for our mutual benefit, which means for the greater benefit of those whom we serve.
Your committee holds it to be your religious duty to keep off the fence, to come out squarely in favor of the new American Bankers Association money order, and to use it in your business, lest you be found disobeying the scriptural injunction to “keep your conscience void of offense.”
V
The Twelfth Ward Bank
The Twelfth Ward Bank of New York City, has elected Morris Carnegie as a director. Mr. Carnegie is a nephew of Andrew Carnegie, and is treasurer of the Carnegie Foundation, and several other of the Carnegie funds.
V
The capital stock of the Idaho State Bank of Hailey, Ida., is to be increased from $50,000 to $75,000.
time perfecting arrangements for the care of our foreign money orders and travelers' checks.
We hope to have the entire plan in operation by January i, 1909.
Full details of the plan, cost, etc., will be sent to all bankers before that date.
It only remains for bankers to give our plan a fair trial.
Your committee feels that it offers you something worthy of your confidence, and believes that worked out, it will prove of the greatest benefit to all classes of bankers. A small possible loss of exchange for cashing the orders at your counter will be more than offset by the reciprocal feature of the plan which in turn enables you to issue orders to be cashed at par by all other bankers.
We ask a fair trial for the plan we offer regardless of the outcome of our contention with the express companies. In itself it is a decided advance over existing methods. It ׳will make the exchange sold by banks marketable at par in so man}׳ places that it cannot fail to become very popular with the public. Its perpetuity is assured by the lengthy contracts we are making with the guarantee and trust companies. By its use some defects are most likely to develop, these will be rectified as they develop. The plan is a good one, defects are merely incidental to be remedied from time to time until it shall become perfect. And, gentlemen, perfect it cannot become without being given a full trial. That is up to the bankers of our country.
We have done the very best we could to give you something worthy of the great association back of it, worthy of the honorable calling in which we are engaged. Its working-will tend to bring closer together banks scat-
E. D. Durham at Minnesota Convention
(Continued from page 13) requiring every banker who sells these orders to cash those presented to him at par. By their use banks will be placed in position to issue to their customers money orders upon any point in the United States that would be handled at par in all of the cities named on the back of the order and as well at all points where other bankers are selling them, which will ultimately include every city and town in the whole country. Printed blanks will be kept in stock by the surety company and sent to bankers on order as they need them, at so much a thousand, and the rate will be very reasonable for the service rendered.
As a precautionary measure the signatures of such officials of the American Surety Company as appear on the orders will be filed with every bank and banker in the United States.
In the sale of these orders the rates applied by the association are: less than five dollars, five cents. Five dollars and less than forty dollars, ten cents. Forty dollars and less than sixty dollars, fifteen cents. Sixty dollars and less than one hundred dollars, twenty cents. There will be no orders for over one hundred dollars issued. A traveler’s check in money order form which will carry signature identification will also be issued with the same imprint on the back.
In addition to these forms intended for use in America only, we are contemplating an issue of foreign money orders and travelers’ checks along the same lines.
We have the plans for the domestic orders well perfected.
Fried I. Kent, the chairman of our committee, accompanied by representatives of the Bankers Trust Company, are abroad at this