[Volume XXV
THE CHICAGO BANKER
10
The Wisconsin National Bank
OF MILWAUKEE
CAPITAL -	$2,000,000
SURPLUS -	1,000,000
OFFICERS
L. J. PETIT, President	HERMAN F. WOLF, Cashier
FRED'K KASTEN, Vice-President	L. C. BOURNIQUE, Asst. Cashier
CHAS. E. ARNOLD, 2nd Vice-President	W. L. CHENEY, Asst. Cashier
WALTER KASTEN, Asst. Cashier
DIRECTORS
L. J. Petit	Frederick Kasten	R. W. Houghton	Oliver C. Fuller
Herman W. Falk	Ceo. D.Van Dyke	Gustave Pabst	Charles Schriber
isaac D. Adler	Frank L. Vance	Patrick Cudahy
Wisconsin Trust Company
MILWAUKEE
CAPITAL	-	$500,000
SURPLUS -	100,000
OFFICERS
OLIVER C. FULLER, President	CARDNER P. STICKNEY Treasurer
FRED’K KASTEN, Vice-President	FRED. C. BEST, Secretary
R. L. SMITH, Asst. Secretary
DIRECTORS
L. J. Petit, Chairman Frederick Kasten R. W. Houghton Oliver C. Fuller Herman W. Falk	Charles Schriber Gustave Pabst	Cardner P. Stickney
Isaac D. Adler	Frank L. Vance	Patrick Cudahy
ШЦЁ
50,000, and thereby have 6o,ooo people with whom to do business on a capital of $15,000.
“Or the requisite number of persons could organize a bank in Hopkinsville on a capital of $15,000 and start a branch at Paducah, 20,000 population: one at Bowling Green, 10,000; Henderson. 15,000; Madisonville, 6,000; Owensboro, 18,000, and wind up with a branch at Louisville with a population of 200,000 or more, and on its limited capital of $15,000 to serve a population of 300,000 or more.”
B. M. Chattell
B. M. Chattell, cashier of the Illinois Trust and Savings Bank, of this city, has returned from a month’s vacation in the country,
V
First National of Decatur
The First National of Decatur, Ala., has declared a 10 per cent semiannual dividend and placed a nice sum to surplus. The semiannual statement shows capital, $50,000; surplus and profits, $52,232; deposits, $281,730; total resources, $439,101.
ORGANIZED 1810
Commercial & Farmers
National Bank of Baltimore, Md.
Federal, State and Municipal Depositary
Bankers are invited to open Reserve or Active Accounts on Liberal Terms. Extensive Banking Connections enable us to render effective service. Correspondence invited
James M. Easter, Pres.	Frank V. Baldwin, Cashier
Harry M. Mason, Vice-Pres. Chas. E. C. Smith, Asst. Cashier
branch or it may have 100 branches. It may have one branch in its home county or it may have 10. It may establish its branch or branches in its home county or it may diffuse them throughout the entire state, without regard to county lines.
“There is nothing in the general incorporation laws or the law relative to banking concerns which authorizes it, either in express terms or impliedly.
“It is against public policy. The first provision of the laws relative to banks and banking, under the general title of ‘corporations,’ which in Section 577, Kentucky Statutes, provides, substantially that the capital stock of no bank shall be less than $15,000, and in cities having a population of 50,000 not less than $100.000.
“There is evidently some reason for this provision. It, on its face, shows that the legislature intended that the bank doing a more extensive business should be required to have a larger capital stock ; or, rather, it meant that the bank having the better opportunity for doing more extensive business should be required to have a larger capital than the bank where opportunities would be less. How would this operate if branch banks were allowed?
“The requisite number of persons would incorporate a bank in Frankfort, a city of 10,000. and hold a capital stock of $15,000, as required under the law. They could then establish a branch bank in Covington, a city of about
ШЗППШ, ШАМЖШ. & MAY
Investment Bonds
Branch Banks Held Unlawful
Frankfort, Ky., August 18.—Attorney-General Breathitt to-day handed down an opinion that branch banks of large or small banks cannot be conducted in this state without violating the law. Four or five banks will be affected as a result of this opinion.
Secretary of State Ben L. Bruner, who is at the head of the Department of Banks in Kentucky, requested Judge Breathitt to deliver the opinion, so that he would know what steps to take. He said to-day that he would not permit branch banks in Kentucky any longer.
In his opinion the Attorney -Genera! says :
“There is nothing whatever in the laws relative to banking institutions which would lead me to believe that it was intended by the lawmakers that banks should or could operate through branch banks.
“It may be that if they are authorized by the law to operate through branches there is no limit, and an incorporated bank may have one
the OLD
National Bank
OF
Spokane
CAPITAL $500.000
■■■■■— OFFICERS	....
D. W. TWOHY, President X. J. HUMBIRD. Vice Pres. W. O. VINCENT. Cashier W. J. KOMMERS.	J. A. YEOMANS,
ASSISTANT CASHIERS	_
00010202000001020000010210