[Volume XXV
THE CHICAGO BANKER
30
the expert cracksmen to conceal their identity and attract little attention. for strangers are so numerous that no attention is paid to them—they all being classed as harvest hands.
By mixing with the harvest hands and pretending to be harvest hands themselves the cracks men have every opportunity during visits to the towns to “size up" the various banks, ascertain the likelihood of making good "hauls" and securing the “lay” of the bank and postoffice buildings with reference to other buildings in the immediate vicinity. Precautions Taken
As a precaution against robberies of local institutions the authorities of some of the towns already have engaged night watchmen, w ho will compel every stranger found on the streets after midnight to give an account of themselves. Every one of the smaller towns of the state, to be on the safe side, should engage night watchmen and retain their services until winter sets in and compels the cracksmen to seek w arrner climes.
It is expected that many of the banks in the smaller towns also will engage private watchmen and thus frustrate any plans cracksmen may have to rob the institutions.
Tr*
Cheap Money in France
Coincident with the establishment of a four years' low record in the call money rate in New York recently, the French market established the low record for thirteen years by lowering its open market rate to I per cent. Not since August, 1895, had Paris experienced such a rate; in that month it saw4[ ׳,.	For a year
thereafter money was obtainable at less than 2 per cent, although at no time did the Bank of France rate fall below that figure.
V*
The Lawrenceville Trust Co.
The Lawrenceville, Va., Trust Company has been incorporated with $50,000 capital. The officers are:	Marvin Smithey as presi-
dent ; W. F. Sledge, vice-president, and A. S. Rawlings, secre-
President J. A. Henry 111
The condition of Jacob A. Henry of Joliet, 111., president of the Will County National, who has been in a sanitarium at Kenosha since last Monday, is reported quite serious. His wife who accompanied him to Kenosha has been in constant attendance.
T>׳»
Banker to Walk 400 Miles
Edwin FT. Selle, assistant cashier of the German State Bank of Freeport, 111., will start this week on his seventh annual hike. He will walk to St. Louis from this city, a distance of 400 miles. He expects to reach St. Louis in ten days.
To Retire Bad Money
Madrid, Aug. 17.—The government will sustain a heavy loss as a result of the decision to retire from circulation $200,000 worth of counterfeit five peseta coins. These coins have been in circulation for the past fifteen years, and they have been practically accepted as legal tender from the people. The only return the government will get will be from the sale of the ingots into which the coins will be melted.
V
The Bank of Blytheville
The Bank of Blytheville, Ark., has increased its capital stock from $25,000 to $40,000 and the number of directors of the bank has also been increased from seven to eleven.
NORTH MEMPHIS SAVINGS BANK BUILDING Memphis. Tenn.
South Dakota Banks Ready for Yeggmen
Sioux Falls, S. I)., Aug. 17.— It has become known that several expert cracksmen have arrived in the state preparatory to carrying on a systematic burglar}׳ of the small banks, postoffices and business houses of the smaller towns, and unless precautions are taken at once such robberies will be more frequent throughout the state this fall than during former years.
South Dakota in the past during the fall months has been a favorite field of operations for the yeggmen, and the great crop raised in the state this season and the abundance of money in banks and other institutions of the various towns will this fall be an extra incentive for the cracksmen to operate in South Dakota.
As Harvest Hands
For weeks a steady tide of harvest hands has been pouring into the state and there now are thousands of strangers in the state, being distributed in every community. This makes it easy for
Drop in New York Postal Receipts
The financial depression since last fall is responsible for a decrease of 6.54 per cent in the revenue of the New York postoffice for the fiscal year ended June 30th. The net revenue of the general postoffice and stations for twelve months ended June 30th was $11,815,137, compared with $12,643,867 for 1907, or a loss of $828,729 for the fiscal year recently ended.
Gross receipts for 1908 were $18,369,119, a gain over the preceding year of $8,447. The cost of running the New York office is on the increase. Expenses for 1908 aggregated $6,753,981, an increase over the fiscal year 1907 of $837,177. Notwithstanding the hard times there was an increase in the domestic money order business. During twelve months ended June 30th domestic money orders issued numbered 1,110,065, with a value of $12,098,592. The statistics of 1907 show 1,021,639 domestic orders issued, representing $11,096,170. Money orders paid, however, fell off $1,543,066.
Money sent out and received at the New York postoffice by the international money order system shows an increase. Foreign money orders aggregating-49,926 were issued, having a total value of $1,319,303, or 4,730 more orders and $358,671 more than in 1907. International money orders paid show that the increase for the twelve months is 12,572, with a value of $281,635.
Parcels Post Extended
The concurrence of the postal administration of Great Britain having been obtained, acting Postmaster - General Grandfield has issued an order that, commencing the latter part of the month, there shall be admitted to the parcel post mails exchanged between the United States and Great Britain parcels without regard to the value of the contents which do not exceed eleven pounds or five kilograms in weight nor measure more than three feet, six inches in length and six feet in length and girth combined. The postage rate applicable in the United States to parcels to Great Britain is 12 cents a pound or fraction of a pound; and in Great Britain to parcels for the United States for a parcel weighing not more than three pounds, 2s 6d; parcels between three and seven pounds, 2s 6d; parcels between seven and nine pounds. 3s 6d, and for parcels between nine and eleven pounds, 4s it.
V*
New National Bank
Application to organize a national bank has been approved as follows:
First National of Bend. Oregon ; capital $25,000. C. S. Hudson, Canon City, Col.; John Steidl. E. A. Lather, E. Roscoe Howard, and others.
Royal Trust Company-
Bank
:: Royal Insurance Building .
169 Jackson Blvd., Chicago
«
A State Bank \^J 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-Brest, and Trust Officer ... VM. C. N1 BLACK
Secretary..............J. A. RICHARDSON
Treasurer..................W. R. FOLSOM
GRAHAM & SONS
‘BANKERS
STEAMSHIP AND INSURANCE AGENTS
ESTABLISHED 5857-51 YEARS ¥
INTEREST ON DEPOSITS, ACCOUNTS SOLICITED, MONEY TO LOAN ON REAL ESTATE.
Open Ebenings Hours 9 a, m. to 9 p. m.
134 West Madison Street Chicago