[Volume XXV
THE CHICAGO BANKER
6
Pittsburgh has 31 National Banks, 25 State Banks and 38 Trust Companies, with total deposits of over $360,000,000. The oldest of all these
financial institutions, having been in continuous existence for 98 years, is
J. M. RUSSELI
1st Assistant Cashier
J. D. AYRES
Assistant Cashier
me
Rank ofPittsburgh
-L/JN atiorL al JL Ал о ci al ion w
Surplus $2,800,000
“THE BANK THAT HAS GROWN UP WITH PITTSBURGH’ ESTABLISHED 1810
WILSON A. SHAW President
JOSEPH R. PAULL
Vice-President
W. F. BICKEL Cashier
Capital $2,400,000
C. H. HUTTIG .... President W. B. WELLS .	.	. Vice-President
G.	W. GALBREATH .	.	. Cashier
J. R. COOKE	.	.	Assistant	Cashier
D’A. P. COOKE . Assistant Cashier R. S. HAWES	.	.	Assistant	Cashier
H.	HAILL .	.	. Assistant Cashier
J. F. FARRELL	.	.	Assistant	Cashier
3rd NATIONAL
OF ST. LOUIS BANK
Capital, $2,000,000	Surplus, $2,000,000	Deposits, $30,000,000
ACCOUNTS SOLICITED
C . J . N I E M A N
Leechburg, Pa.
Cashier First National
A Good Financial Sign
Offers of Kansas City banks to buy commercial paper in St. Louis caused considerable comment in bank circles Tuesday. It is the first time in years that Kansas City banks have been in the market for paper at this season of the year. To the bankers it indicates how plentiful money is in the Southwest.
Deposits in St. Louis have been climbing steadily upward since the last statement in July, and all of the large banks have a surplus of loanable funds. The banks report a fair demand for money from Southwestern merchants for crop-moving purposes. The demand for commercial loans was never lighter at this season.
,У
New York Leads
In amount of capital of national banks New York leads with $157,657,000, with Pennsylvania next and Ohio third. Pennsylvania, with 764, leads in the number of national banks, with Texas second and Illinois third.
D . C. WILLS Pittsburgh, Pa.
Cashier Diamond National
Philadelphia Loan Rate Decreased
Philadelphia, Pa., September 3.—As a result of the largest accumulation of idle funds in Philadelphia banks since 1904, the rate for demand loans was marked down by leading financial institutions of the city Thursday from 3^2 to 3 per cent. The new rate will take effect Friday.
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A Banker to Study Law
Charles D. Capelle, of Independence, Mo., who has been acting as cashier of a bank at Oak. Grove, Mo., has returned to Independence preparatory to going to Columbia. He will enter the law school at the state university.
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The Exchange Bank of Milledgeville
The Exchange Bank of Milledgeville, Ga., with $25,000 capital has surplus and profits, $13,000 : and since beginning business five years ago has paid $5,000 in dividends. The officers are: John Conn, president, a wholesale grocer; Dr. L. M. Jones, vice-president, Superintendent State Sanitarium; Otto M. Conn, cashier, treasurer Baldwin County.
The Saline County Bank
Benton, Ark., September 9.—The Saline County Bank, the oldest bank in Saline County, failed to open its doors this morning, and the institution was placed in the hands of M. F. Scott, who was appointed receiver by Judge Curl, his bond being fixed at $75,000, which was furnished. The assets and liabilities are unknown, but the depositors and creditors will be paid in full, owing to the fact that they are guaranteed by the president, the late Col. John L. Hughes, who died recently. The affairs of the defunct bank will be speedily wound up, as there is no intention of reviving it. The institution has been losing ground for some time, and the collapse was no surprise.
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The Farmers and Merchants Bank
The Farmers and Merchants Bank of Cross Timbers, Mo., reports capital of $10,000; surplus, $1,000; undivided profits, $300, and deposits of $20,000. G. W. Quke is president; E. Crawfords, vice-president, and G. A. Bliss, cashier.
a . d . SWIFT
Ridgway, Pa.
Cashier Elk County National