IS
THE CHICAGO BANKER
October 17, 1908]
William A. Tilden President
Nelson N. Lampert Vice Prest.
Henry R. Kent Cashier
Charles Fernald Asst. Cashier
Colin S. Campbell Asst. Cashier
MONROE ANO CLARK STREETS
C H I C A G O
Capital, $1,000,000 Surplus and Profits, $4*00,000
Your Business Solicited
THE
LIBERTY NATIONAL BANK
OF NEW YORK
FREDERICK B. SCHENCK, President
CHARLES W. RIECKS
2d Vice-president and Cashier
HENRY S. BARTOW
Ass’T Cashier
HENRY P. DAVISON, Chairman Executive Committee
CAPITAL, SURPLUS AND UNDIVIDED PROFITS
$ 3,400,000.00
F. T. JOYNER East St. Louis, 111.
Trust Company Holds Election
The West St. Louis Trust Company, 4101 Easton Avenue, held its annual stockholders’ meeting Monday. The following directors, whose terms expired, were re-elected: James H. Absalom, C. P. Strother, Dr. John M. Grant. Eight members of the board hold over. The board re-elected the officers as follows: Ben E. W. Ruler, president; Jacob Maurer, first vice-president ; Gustav Petzoldt, second vice-president ; H. N. Faylor, third vice-president; Charles W. Owen, secretary and treasurer.
National Bank of Hastings
The National Bank of Hastings, Okla., has changed its title to the Bank of Hastings, with a capital of $35,000. The same officers, directors and stockholders are interested. The change took place October 1st.
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The Seaboard National
The Seaboard National of New York City in its latest statement shows deposits of $34,474,475. C. C. Thompson is the cashier.
RICHARD WANGELIN Belleville, 111.
Chicago Money Market
“Chicago banks are getting 4j4 per cent on collateral loans where there are such transactions,” said John J. Mitchell, president of the Illinois Trust and Savings Bank, “but the demand is light and the volume of loans naturally is small. It is expected that the grain movement will soon require considerable money and that bank loans will then increase considerably. Some business is now being done with the grain interests, but the cash article has been so much in demand that there is no accumulation, and in the absence of carrying charges the demand for funds is curtailed. However, a heavy movement later will change those conditions.
Tv
It Wasn’t Strange to Briggs
Jiggs—Don’t you think it strange that the banker who is too righteous to have his depositors guaranteed, on purely moral grounds, continues to evade state supervision and inspection ?
Briggs—Not strange to me, I’m a private banker and I know the reason.
JOHN J. DOHERTY Dwight, 111.
Kansas Vaults Full
Kansas people never had so much real money as they have at the present time. John Q. Royce, state bank commissioner, gave out a statement this week of the condition of the state banks of Kansas on September 1st. The statement shows that the deposits were larger at that time than ever before known in the history of Kansas. 1 his is the more remarkable when the money flurry of last fall is considered.
The deposits shown in this statement are $83,-338,563.09, a million dollars more than the high mark reached in August a year ago, and 12 million dollars more than the December statement, after millions had been withdrawn by frightened
The Federal Trust Dividend
Directors of the Federal Trust Company of Boston have declared the semiannual dividend of 3 per cent, payable November 1st to stock of record October 26th. This is an increase of from 5 to 6 per cent per annum.