15
THE CHICAGO BANKER
September 26, 190#]
A. H. Richards
Arthur H. Richards, well known in bond circles in Cincinnati, has become associated with the new house of Field, Longstreth & Co.
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Central Bank of St. Charles
At a recent meeting of the directors of the Central Bank of St. Charles, Mo., Ernest Robyn was elected president to succeed the late Hon. H. F. Knippenberg, whose death occurred in April last. Julius C. Willbrand succeeds Mr. Robyn as cashier, and Henry Knippenberg was elected assistant cashier. This bank opened for business in an out of the way office last October, where it was compelled to remain until it could occupy its own building, 117 South Main Street, adjoining the site of the new postoffice building. The total resources of the institution now aggregate $160,-000, which, considering the disadvantages under which it started, speaks well for its
New Philadelphia Offices
Atwood Violet and Company, of New York, have opened an office in Philadelphia, under the management of Marshall A. Phillips, Jr., for the transaction of a general banking and brokerage business. They have taken temporary offices at 211 Mariner and Merchants Building, Third and Chestnut streets, but on the completion of the new Lafayette Building, at Fifth and Chestnut streets, about November 1st, will occupy the third floor corner suit of that building.
Atwood Violet and Company are members of the New York Stock Exchange, the New York Cotton Exchange, the New Orleans Cotton Exchange, and the New York Coffee Exchange, and are associate members of the Liverpool Cotton Association, with private wires to all the principal cities.
Mr. Phillips, the Philadelphia manager, was until recently manager of the Philadelphia office of Shearson, Hammill & Co., of New York.
First National Bank of Commerce
The amalgamation of the First National and the National Bank of Commerce of Hattiesburg, Mississippi, has been effected under the title of the First National Bank of Commerce. The capital is $425,000. The following officers have been chosen: President, J. P. Carter; acting vice-president, F. W. Foote; vice-presidents, G. L. Hawkins and John Kamper; cashier, R. C. Hauenstein; assistant cashier, G. J. Hauenstein.
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The Farmers State Bank
With a capital of $20,000, the Farmers State Bank has been organized at Stockton, Rooks County, Kan. E. E. Aukes is president; Orlando Hazen and W. T. Silvers, vice-presidents ; G. H. Ruhaah, cashier.
Efforts are being made to organize a new bank at Cuero, Tex.
The City National is the youngest of Metropolis’ banks as it was just organized about one year ago, but it has a corps of directors who are full of vim.
E . F. F O L D A Schuyler, Nebr.
Vice-President Banking House of F. Folda
H . W. YATES Omaha, Nebr.
President Nebraska National
First National of Aberdeen
At the annual meeting of the directors of the First National, Aberdeen, Miss., a semiannual dividend of 5 per cent was declared, and a handsome amount carried to the surplus and undivided profits account. A few shares of First National stock, recently sold by order of the chancery court, were bought at $213, which evidences the high rating of the bank.
Kentucky Convention
Lexington, Ky., September 25.—The Kentucky Bankers Association has just closed a two days session, the headquarters of the association being in the Fayette county court house and the convention proper in the circuit court room. For speakers there were some of the ablest bankers and financiers in the country. At the annual meeting last year the association numbered 331 members but this year reached the four hundred mark at a session which was in every way a grand success.
The meeting was called to order by President B. G. Witt of Henderson, at 11 o’clock on Wednesday morning. Hon. J. R. Morton welcomed the visitors and John H.’ Leathers of Louisville, responded. President Witt, in his annual address, reviewed the banking conditions of the state and offered many excellent suggestions. Secretary Bridges of Louisville, showed that the association gained about 66 new members during the year and Treasurer H. D. Ormsby, also of Louisville, in his report showed the association to be in prime condition, financially.
In the afternoon the heads of two of the largest clearing houses in the United States—Joseph T. Talbert, president of the Chicago organization and William Sherer, manager at New York—addressed the meeting. Mr. Talbert spoke on “The Clearing System,” and Mr. Sherer told the bankers the orthodox money centre view of guaranty of deposits.
At yesterday morning’s session Milton E. Ailes, vice-president of the Riggs National of Washington, D. C., discussed “The Financial Legislation, Recent and Prospective.” At the last annual meeting of the association steps were taken toward embarking in the fidelity bond and bank burglary insurance business. At this session Henry G. Penniman, president of the United Surety-Company of Baltimore, spoke on “Fidelity Bonds and Bank Burglary Insurance Contract with the Kentucky Bankers Association.”
The delegates and visitors were the guests of the Lexington Clearing House Association at luncheon at the Phoenix Hotel Wednesday noon. On Wednesday evening a reception was tendered the visitors by the associated banks of Lexington at the Country Club.
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City National of Metropolis
Plans are being drawn in the office of Architect A. L. Lassiter for a bank building for the City National of Metropolis, 111. It will cost about $12,000. The plans will be ready for the contractors to bid on next week, but it is not decided when the work will begin. When completed, without a doubt it will be the best bank building within a wide radius of Metropolis.
The building will be two stories high with a first story constructed of stone. The second story will be made of buff pressed brick with stone trimmings. All of the cornices will be terra cotta. There will be three entrances, and each entrance will have a portico with columns of polished granite. In every way the construction of the building will be up to date. It will have a fireproof vault of the latest construction.
The new bank building will be erected at the intersection of Fifth and Ferry streets, in one of the best blocks in Metropolis. The remaining two banks are on the same street and the same side. By having a corner location, the building can be set off to a good advantage. The bank will be on the side adjoining the corner, while half the building will be used for a store. On the second floor there will be eight well lighted offices, approached by an attractive entrance.
State Convention Dates
Date	Association	Place	Secretary	Address
September 28........A. B. A. Nat. Conven... Denver............F. E. Farnsworth....New York....
October 13, 14......Illinois............Chicago...............F. P. Judson........Chicago....
November 11, 12.....Indiana.............Indianapolis..........Andrew Smith........Indianapolis..
November 20, 21.....Arizona ............Bisbee................Morris Goldwater .... Prescott..
The offices of the American Bankers Association, Eleven Pine Street, have been fitted up especially for the accommo-dation and comfort of its members, who are urged to call and use same when in New York.