[Volume XXV
THE CHICAGO BANKER
26
rectors, a vacancy being caused by Mr. Raymond's death. Hausberg and Clemens are well known and popular in Charles City business circles.
The Des Moines National Building
J. C. Mardis of Chicago has been awarded the contract for building the new home of the Des Moines National. The contract price was $38,-000. This is exclusive of fixtures, heating plant, and safety deposit vaults which will cost an additional $35,000. The bank will begin to move into temporary quarters in the Good block on October 1st, the work of razing the present structure will commence and work on the new foundation will be started about the first of November.
The Manning Bank Building
The Manning bank building and fixtures at lveosauqua were destroyed in a disastrous fire which swept through the business section of the city , doing damage of about $50,000. The loss to the bank alone was some $9,000 covered by insurance. The valuable papers were in the vault which escaped unharmed. President S. W. Manning announces that an architect will be asked to submit plans for a new building at once similar to the old one except that it will probably double the space which the bank formerly used.
The Kiefer Savings Bank
The Kiefer Savings at Hazleton has filed articles of incorporation with the secretary of state, the new institution to start out with a cap-
September. He divided the children into classes : for instance, girls from 11 to 16, girls from 10 and younger, boys from 11 to 16, and boys 10 and younger. One little girl in the first class saved $33.03 and was awarded the prize of $5. Second prize of $3 went to a little girl who saved $30.22 and the third prize of $1 went to a little girl who saved $17.11. The boy in the class for older boys who won the prize saved $75 while the heaviest amount saved by one of the tots was $28.64, saved by a little chap under 10 years old. The contest attracted the greatest attention among the little folks and proved a splendid advertisement for the bank.
Per Capita Debts
Interesting figures on the per capita debts of various Iowa cities have been published by the municipal accounting department at the state house. Davenport is shown to have the smallest per capita debt with only $6.97. Clinton is next with $8.41. Then comes Ottumwa with $10.25, Des Moines with $12.16, and so on up to Sioux City which has $34.92. Dubuque and Cedar Rapids follow Sioux City with $24.90, and $24.96 respectively. Many of the second class cities have not as yet reported but thus far LeMars is shown the smallest with $3.77.
The Bennett Loan and Trust Company
F. P. Berger, president of the Creighton National, at Creighton, Neb., has been elected secretary of the Bennett Loan and Trust Company, at Sioux City, and will take up his new duties October 1st. Mr. Berger is an old Iowan, and formerly was assistant cashier of the German Savings at Carroll. J. A. Whitaker who was recently elected vice-president is also expected soon to take up the work, so that the newly organized staff is as follows: A. T. Bennett, president; J. A. Whitaker, vice-president ; F. P. Berger, secretary ; Ralph Bennett, assistant secretary. The officers in the Bennett bank are the same with the addition of R. G. Hoffmeyer as cashier. First National of Marion
James W. Bowman has been elected cashier of the First National at !Marion. A general reorganization was necessary because of the resignation of President J. S. Alexander on account of poor health. C. N. Kurtz was advanced from cashier to president, and W. W. Vaughn was made vice-president. Mr. Bowman, the new president, is a candidate for the legislature on the republican ticket, and was formerlv countv clerk.
First National of Rockford
Rev. George E. Shear of State Center has been elected cashier of the First National at Rockford, to succeed Cashier Ouackenbush, who resigned. The P'irst National is thirty-three years old and a successful institution. Rev. Shear up to some months ago was in the newspaper business at Cedar Falls.
First National of Charles City
The board of directors of the First National at Charles City elected William Hausberg as vice-president to succeed M. C. Raymond, deceased. Joseph Clements was elected on the board of di-
Des Moines, September 24.—More than $6,-000,000 in deposits are held by the thirteen trust companies in Iowa that do a savings business as shown by the latest report just compiled by Auditor of State B. F. Carroll. This is an exceptionally good showing indicating that the trust companies are sharing with the state and savings banks in the general prosperity of Iowa banks. The total deposits in the state, savings and trust companies is $201,867,265.12; of these, the savings banks hold $136,290,331.85 ; state banks $59,-458.315.79; trust companies $6,118,617.48. The total assets were $243,204,221 divided among the three as follows: savings, .$160,512,320; state $73.893.474; trust companies, $8,798,427. Splendid Advertisementjfor] Bank
Cashier Frank Miller of the Cedar Falls National has just completed a successful and interesting contest. Mr. !Miller offered a series of prizes to the children of Cedar Falls who would earn and save the most money from March to
CLINTON, IOWA
Capital and Surplus, $500,000.00
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