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THE CHICAGO BANKER
September 5, 1908}
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bership committee of the Chicago Association of Commerce and at present can be classed with the “revivalists.”
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ceedings book in flexible cloth cover in gray and gold imprint. The effect is beautiful.
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on the New York money market 1896-1906 in the “Journal of Political Economy” reprinted at the University of Chicago Press. It is a thorough and interesting study in the fluctuation of rates as compared with funds at other centers.
^YVTE still have hopes,” said Theodore P.
VV Shonts, president of the Clover Leaf, Chicago & Alton and Interborough-Metropoli-tan companies, in an address on “Transportation” at the homecoming celebration here today, “that we are going to be let alone and allowed to run our own business. Destroy that hope and we will have in this country an era of misery that will send to eternal damnation those who are responsible for it.”
anty law, must have been somewhat dismayed to find that the republican “party council” had beat him to it by forty-eight hours.
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“The European situation? It is pretty much the same as here. You cannot have a panic in Wall Street without the whole world feeling it. Countries commercially and financially at least are interdependent in this age. The lug-german in Liverpool feels the effect as well as the car driver in New York or Chicago.”
ver during the Cubs-Giants Chicago episode, he said “How could he do it? Maturities should come in series, not bunches.”
A SOUTH CHICAGO lady, who had no I*■ confidence in banks, put her money (82,460) in a baby pillow and then lost the pillow which did not have a deposit guaranty attachment.	Cashier.
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Kentucky Convention
Louisville, Ky., September 1.—Announcement is made here of the program for the annual meeting of the Kentucky Bankers Association in Lexington, September 23d and 24th. There are about 400 members in the association. Among the speakers will be Joseph T. Talbert, president Chicago Clearing House Association; William Sherer, manager New York Clearing House; Milton E. Ailes, Vice-President Riggs National, Washington, and Henry G. Penniman, president United Surety Company, Baltimore, Md.
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The Union Trust Company of Providence
The Union Trust Company of Providence, R. I., has paid the second 10 per cent instalment on all deposits over $100 under the plan of reorganization.
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A. H. Sutter has been elected cashier of the Commercial National of Hutchinson, Kan.
in this community, and our stock is equitably distributed among a large number of representative merchants and farmers.
T E. STEVENS of Ottumwa, vice-presi-■L'• dent of the A. B. A. for Iowa, is keeping right after the delinquents in his rich field. Looks as though they would have to join the big national association or move to some other state.
THE Seattle Chamber of Commerce recently has brought to the attention of the Chicago business men’s organizations, the fact that Chicago is missing a large share of the business of that section which is going past this city to New York and New England. The result has been considerable activity in Chicago, and a committee of leading business men visited Seattle recently to arrange for a creditable exhibit at the Alaska-Yukon-Pacific Exposition. Interest has been aroused and the trade of a million or two dollars a year doubtless will be increased as the result. It follows that there will be increasing interest in financial matters. This is further evidenced by the recent visits of officers of Chicago banks to Seattle, looking for business.
THE L?nion Trust of Spokane is putting out the finest line of booklets recently seen. One folder entitled, “The Armored Guard” has for a cover an embossed reproduction of the big door to the strong box, or vaults. When this is opened it appears to open the real door and gives an interior of the huge vault itself. It is very realistic because well done. D. W. Twohy, president of the Old National, is president of the Union Trust.
THE designer of these fine book lists is not a professional “publicity man,” as they love to call themselves, but modestly says: “Your readers would no doubt be doubly interested to know that ideas of this character can be worked out by bank men after banking hours, and those possessing talent in this direction will find that it not only is a most relaxing and fascinating occupation, but is a great aid to their printers, and in the end a substantial saving in the advertising expenses of a bank or trust company.”
T OHN L. HAMILTON served on the con-*J stitutional revision committee of the A. B. A., which recently ironed out the old document. One of the new things is a plank admitting the associated chapters of the A. I. B., as a section of the big organization. This is going some, for the juniors.
THE Monticello State Bank, of Iowa, has this to say to its friends:
All of this bank’s time deposits are represented by certificates of deposit, payable at stated future dates, and are not payable before due except at the bank’s option. No interest is paid on any other form of deposit whatever, except the small savings book accounts—$11, 563.62.
WHAT is a poor presidential candidate to do about this? Information has reached headquarters that, speeding westward over the wires, the interview of Postmaster-General Meyer condemning the democratic platform for government guaranty of national bank deposits, met and passed on its way eastward, an interview with Stubbs, republican candidate for governor of Kansas, strongly indorsing that same plan,
A NOTE from Banff records that a party of well known bankers have just departed for Vancouver. In the party were F. M. Prince, president of the First, and E. W. Decker, vice-president of the Northwestern, both of Minneapolis, A. K. Rogers, C. R. Lamb and C. B. Mills, bankers at home and lumber scouts abroad. The gentlemen were accompanied by their wives.
WM. B. HUGHES, the Nebraska secretary, is very alert in all that concerns his association. He has just sent out two important notices, and bankers generally may be benefited by his tips. The next two paragraphs are his.
WARNING.—There seems to be no end to the swindles worked by getting a note signed on the promise to deliver goods later on. The note is discounted but the goods never arrive. The latest sells second hand pianos. As it is not necessary to deliver it is easy to deal in most anything. Our members do not lose, for the smooth gent doing the work is careful to make sure that the note is good before going to the trouble of getting it, but we would suggest that it will save much unpleasantness if you determine that the goods have been delivered, or surely will be, before you discount the note.
A NOTHER SLICK CITIZEN.—A mem-■i»• ber reports that a man stopped at his town recently ostensibly as a collector for some firm. During his short stay he got a supply of bank checks and since then they have been coming back in amounts from $4.25 to $4.75 each, signed John R. Nolan, and numbered around the two hundred mark. He cashes the checks at stores so the banks do not lose but he would be a good man to stop. He will probably pick up bank checks at every point for use later. Would suggest that you keep an eye open for the gentleman, and if you can locate him let me know by wire, or phone, at once.
MR. HUGHES also offers $100 reward for information leading to the arrest of young M. R. Stevens, of Oskaloosa, Kas., who has the habit of forging his father’s name. He is “six-feet-one” and slender.
LAST year the Western Trust and Savings Bank had forty clerks, twenty-seven of whom were chapter members, or about 75 per cent. Although this is no larger than it should be, it is noteworthy. Get busy and beat it.—The Bank Man.
THE State Bank deserves a few words of praise regarding its recent growth, consequently resulting in the promotion of several of its staff and the addition of a number of new employees. Shortly ago we heard the glad tidings of Mr. Henschen’s promotion from assistant cashier to cashier. Then comes a record beater of ten new men being employed within less than a month’s time. They are Horace R. Denton, Gunnar B. Ericson, David B. Grosoenor, Howard S. Lahman, Richard Myers, Eugene M. Prentice, Preston Roberts, George McHarg, George Littleton and Einar Graf.
HC. WEIR, president, and Ross Walker,
• cashier, of the Farmers and Merchants Savings Bank at Mt. Pleasant, Iowa, make this announcement with some pride:
Our board of directors is composed of nine local men, thoroughly familiar with conditions