[Volume XXV
THE CHICAGO BANKER
50
United States Depositary
The Old National Bank
of Spokane, Washington
$ 729,000 6,464,918
Capital and Surplus Deposits
OFFICERS
D. W. TWOHY, President	PETER LARSON, Vice-President	W. D. VINCENT, Cashier
W. J. KOMMERS, Assistant Cashier	J. A. YEOMANS, Assistant Cashier
DIRECTORS
PETER LARSON T. J. HUMBIRD JAMES C. TWOHY LEVI ANKENY W. D. VINCENT THOMAS F. WREN	J. D. FARRELL	D. W. TWOHY	J. P. McGOLDRICK
Thoroughly organized collection system throughout Washington, Idaho and Montana
locals reached a total of $11,925,423.19 and of the state organizations $7,710,244.75. The profits of all concerns for the year were reported as $1,194,145.39. The membership for the year amounted to 31,142, with 13,285 borrowers. Two associations were instructed to wind up their business and are now in liquidation.
V*
The Medford, Mass., Trust Company has been organized with a capital stock of $100,-000.
tions. The objection to the tax is ascribed to the fact that it is based upon the authorized incorporated capital instead of the paid in capital of the corporation. The present law, say the commissioners, is particularly ill suited to the smaller cities and towns, and the recommendation is made that the statutes be amended to permit the formation of building and loan associations “with or without capital stock.” The commission reports that 100 locals and seven state associations operated in California during the year. The assets of the
California Building and Loan Associations
That the building and loan associations of California passed through the recent financial panic without trouble is the statement made by Commissioners J. P. Transue and Albert Lind-ley in their report just submitted to Governor Gillett. The report covers the fiscal year ending June 30, 1908, and declares that the wisdom of the existing laws has been demonstrated. Only one change is recommended, and that concerns the corporation license tax, which has been a source of complaint among the associa-
Report to the Comptroller of the Currency
(Condensed Statement)
The
Northwestern National Bank
MINNEAPOLIS, MINN.
At Close of Business, September 23, 1908
$16,869,518.16 2.096,350.00
250.000.	00 1,272.43
10,682,782.70
$29,899,923.29
S 2,000,000.00 2.000.000.00 154,381.47 1.400,000.00
225.000.	00 24.120,541.82
Resources
Loans and Discounts U. S. and other bonds .
Banking House Overdrafts ....
Cash, and due from Banks
Liabilities
Capital
Surplus .	:
Undivided Profits Circulation Bond Account Deposits
$29.899,923 29
Officers
FRANK E. HOLTON, Cashier C. W. FARWELL, Assistant Cashier W. F. McLANE, Assistant Cashier
R.	E. MACGREGOR. Assistant Cashier
S.	S. COOK, Assistant Cashier Assistant Cashier
VVM. H. DUNWOODY, President M. B. KOON, Vice-President E. W. DECKER. Vice-President JOSEPH CHAPMAN. Jr., Vice-Prest. A. A. CRANE, Vice-President
I. F. COTTON
REPORT OF THE CONDITION OF
THE SECURITY NATIONAL BANK
MINNEAPOLIS
At the Close of Business. September 23. 1908 RESOURCES
Loans and Discounts	$11,551,594.03
Overdrafts	....	845.11
Bonds, stocks and securities	181,639.34
U. S. Bonds to secure circulation	398,000.00
Bonds to secure U. S. deposits...................... 67,000.00
Due from U. S. Treasurer........................... 26,475.00
Cash on hand and due from banks.................. 7,695,840.76
$19,921,394.24
LIABI LITI ES
Capital Stock	...........$ 1,000,000.00
Surplus and undivided profits ................... 1,179,785.43
Reserved for unearned discount..................... 100,000.00
Circulation........................................ 393,900.00
Deposits	   17,247,708.81
$19,921.394.24
OFFICERS
F. A. CHAMBERLAIN, President
PERRY HARRISON	Vice-President	FRED SPAFF0RD...................Asst.	Cashier
E. F. MEARKLE	Vice-President	GEORGE LAWTHER ..	Asst. Cashier
J. S. POMEROY	Cashier	STANLEY H. BEZ0IER	Asst. Cashier
OUR FACILITIES INSURE PROMPT ATTENTION