[Volume XXV
THE CHICAGO BANKER
24
Marshall & Ilsley Bank
Milwaukee, Wis.
ESTABLISHED 1847
Capital $500,000 Surplus $370,000
Oldest Bank in the Northwest Conservative Progressive
We take pleasure in placing our facilities at your disposal and should be pleased to have you write us if you are contemplating opening either an active or a reserve account in Milwaukee.
OFFICERS AND DIRECTORS
JAMES K. ILSLEY, President
JOHN CAMPBELL, Vice-President	HARRY J. PAINE. Asst. Cashier
JOHN H. PUELICHER, Cashier	G. A. REUSS, Mgr. South Side Branch
SAMUEL H. MARSHALL	J. H. TWEEDY, Jr.
ROBERT N. McMYNN	C. C. YAWKEY
GUSTAV REUSS
The Audit Company of Illinois
1137 First National Bank Building, Chicago
Specialises in Additila¿ asacS S^sfesm־־־ atisisagf Punibile Service Corporations
C. W. KNISELY, C. P. A.
President—Manager REFERENCES:
Leading Bond Houses dealing in Gas, Electric and Railway Securities
mittee was composed of two private bankers, and the odd man a full, first cousin to the private bankers. Lucky escape from a violation of the authority of the resolution as passed. This same lop-sided committee, however, will name the committee on legislation and on state banks.
Time and a few more brave spirits will wipe out most of these bad habits. The battle for a square deal still is on.
Tr*
Capital City Savings Bank
Little Rock, Ark., October u.—Marvin Harris, receiver of the defunct Capital City Savings Bank of Little Rock, has prepared his report, showing the liabilities of the institution. The report also shows nominal assets of $100,530. The liabilities will reach $95,000.
In the list of notes at the bank, the amount being $30,896.74, the amounts run from small loans to several thousand dollars, with various sorts of security, mainly personal indorsement.
The overdrafts amount to $47,127.37. According to the inventory, C. B. King, former cashier of the bank, personally owes $13,764.28 of this amount. It is not believed that King has much money with which to make this indebtedness good, but everything he has in the way of property has been turned over to W. S. Holt, as trustee, the property to be converted into cash and used for the benefit of the bank.
The receiver says depositors will receive about 20 per cent on the dollar.
O. J. Woodward
O. J. Woodward of Fresno, Cal., has been elected a delegate from the banking district in which Fresno is located to the meeting of all the delegates, which will be held, probably in Los Angeles at a time to be later fixed, for the purpose of organizing what will be known as the Central California Clearing House Associa-
Flatbush Trust Increases Capital
The Flatbush Trust Co., Brooklyn, has certified to the secretary of state that the capital has been increased from $200,000 to $300,000.
,y«
New Bank for Hawkins
Mr. Lovenstine, of Appleton, will establish a bank at Hawkins, Wis., in the near future, with a capital of $15,000.
on the A. B. A. council next year; Walter S. Rearick, of Ashland, was named for state vice-president, and George W. Stimson, of Washington, will act on the A. B. A. nominating committee. Vacancies can be filled by those present from Illinois at the national convention.
Nelson H. Greene of Moline was elected chairman of the committee to nominate officers, and John L. Hamilton was elected member at large of the committee, and one member was chosen from each of the ten groups into which the state is divided. Thus the groups make their entry, and in the future they eventually will be the units of power.
The bankers eclipsed all Chicago records yesterday afternoon when the delegates and their guests were taken on a trip through the parks and boulevard system of Chicago in 180 automobiles. W. G. Schroeder, cashier of the Continental National. was in charge of this branch of the entertainment.—Daily News.
It looks as if Oscar G. Foreman, as acting and actual president of the Illinois Bankers, will hold the steering wheel for full two years. This reminds one of how Nelson H. Greene wore the president’s badge at two national conventions.
Brandt C. Downey of Indianapolis, a chapter man of high degree, was up from the Kern state. He and President Johnson, of St. Louis, attended the Chicago chapter debate.
Hon. Andrew Russel, whom the bankers refer to affectionately as the “next treasurer of Illinois” was present the closing day. He, along with most of the ex-presidents, will favor the Phillips' resolution to read like that of the A. B. A. Instead of remaining upon the council for life expresidents will remain on the council for but three years.
This snag almost provoked war in the A. B. A. and already has been in force in Illinois too long. Like the paid secretaryship, after it has been thought over, it will pass• with a whoop and the members will wonder why such an incubus ever was saddled upon a free association.
The group plan of organization contemplates an open square deal and no star chamber sessions. More work will be done in session and less in committee hereafter. The old habit is strong. The council came near, although there was but one candidate at the time, placing־ his selection, and the question of remuneration, in the hands of a committee of three “ with power to act.” This would have caused talk since the proposed com-