[Volume XXV
THE CHICAGO BANKER
18
committee on fixtures, etc., was authorized to award said contract to the W. B. Wood Company of Newark. President Elston Beaty, Vice-President William Philhower, and Cashier Walter PI. Long were appointed a committee on by-laws for the association, and on purchase of the required amount of United States bonds to be deposited with the Comptroller of the Currency.
Within a reasonable time after the receipt of the charter the bank will be opened for busi-

ness.
Brief Banking Notes
Reports come from the agricultural sections of Michigan that there will be plenty of money in the banks this winter. The crops have been abundant and live stock has thriven.
In the Southern portion of Michigan money is already beginning to pile up in the banks, and bankers are looking for commercial paper maturing in the near future and for bonds having short maturities.
The Michigan Bankers Association is state agent for Bank Fidelity Bonds and Burglary Insurance for the benefit of the banks in Mich-ig־an.
Plans have been completed for the new building which the First National will erect in Kennewick, Wash., this year.
The bail of Edward B. Sweet, former cashier of the First State Bank of Prescott, recently arrested for the alleged embezzlement of $5,000, has been increased.
W. W. Tuttle, mayor of Fernie, В. C., north of Spokane, advises that the election last week resulted in favor of the proposition to bond the city for $115,000 to take over the water system and electric light plant from the Crow’s Nest Pass Electric Light and Power Company. Fifty thousand dollars is for the purchase of the lighting plant and $65,000 for the purchase of the water plant.
At a meeting of the directors of the Citizens' National of Connellsville, Pa., the surplus was increased to $80,000.
W. E. Gray is the assistant secretary of the Union Savings Bank & Trust Company, of Cincinnati.
Thomas Duffield, vice-president of the Metropolitan Bank, of Lima, O., has been elected to the presidency, and George E. Mchaffey'¡ assistant cashier, was chosen a director.
Over $2,300 has been deposited in the savings banks of Burlington, la., by pupils in the public schools within the past two years, and since the schools established a savings department in connection with the city banks.
I. C. Brubaker, formerly with the First National at Sioux City, la., has written to his friends of the suceesful opening of the Gooding State, at Gooding, Idaho, of which he is cashier.
Horace Perrigo, who was for years cashier of the Land Credit Bank at Creston, la., has resigned that position. J. H. Adams who has been with the Adams Express Company at Red Oak has been named to succeed him.
The new Latah County State Bank has opened for business at Deary, Idaho, in a recently completed two-story brick bank and office building.
The Earlin (la.) Savings has stimulated not a little interest among farmers thereabouts by offering cash prizes for corn raisers. For instance they offer $15 in gold for the best bushel of Greene County corn, with second and third prizes of $10 and $5.
The Citizens Savings is now installed in a fine new building at West Liberty. la. J. W. McIntosh is president and Irwin Aikens is cashier and the bank is a most popular institution.
the chapter announced the debaters who arc to oppose the Chicago chapter, in this city, November nth, under the auspices of the Indiana Bankers Association. The subject is, “Resolved, That the National Bank Act be amended so as to provide a system for the guaranty of deposits.”
Detroit Chapter Banquet
The annual banquet of the Detroit Chapter. American Institute of Banking, was held at the Hotel Tuller, on the evening of October 20th, and was the most important event of its kind in the history of the organization. Among the speakers were: Henry Clews, the New York banker and orator ; Col. Fred E. Farnsworth, secretary of the American Bankers Association, and George Allen, educational director of the American Institute of Banking.
Spokane Chapter Club Rooms Dedicated
Eighty members of the Spokane Chapter of the American Banking Institute were present at the opening and dedication of the chapter's club rooms in the Mohawk Building the evening of October 14th. Attractive decorations added to make the rooms pretty and comfortable. J. O. Tiffany made the address of welcome and Rev. A. C. Grier delivered a lecture on “Good Citizenship.” Papers were read by Joseph Bailey on “The Collecting Department” and hr־ W. I). Vincent on “Profit and Loss," and a discussion on the government guaranty of bank deposits was led by N. Clio and I. Yaunt. H. W. Newton's vocal selections and an instrumental solo by G. H. Greenwood were v ell received.
V*
New Bank at Califon
Marked interest is manifested at Califon, N. J., in the organization of the Califon National. The demands for stock were far in excess of the capitalization amount. At a meeting of the board of directors John W. Beat}־, treasurer of the organization committee, reported that $21,000, the amount subscribed by subscribers to the $25,000 capital stock had been paid in. The remaining $4,000, representing shares owned by members of the Farmers’ and Merchants’ Bankers Association of America, would be deposited within a few days to the credit of the bank with New York reserve agents.
The committee on supplies, safes, etc., reported the contracts had been awarded, and the
Do You Hear Well?
The Stolz Electrophone —A New. Electrical. Scientific and Practical Invention tor hose who are Deaf or Partiallv Deaf—MAY NOW BE TESTED IN YOUR OWN HOME
Deaf or partially deaf peop’e may now make a month’s trial of the Stolz Electrophone at home. This personal, practical test serves to prove that the device satisfies, with east' every requirement of a perfect hearing device. Write for particulars at once, before the offer is withdrawn, for by this personal t< *r plan the final selection of the one completely satisfactory hearing aid is made easy and inexpensive for every one.
W7
This new invention, the Stolz Electrophone dJ. S. Patent No.763,575! renders an-, necessary such clumsy, unsightly and frequently harmful devicesastrumpets,horns, tubes, ear drums, fans, etc. It is a tiny electric telephone that fits on the ear and ) which, the instant it is applied, magnifies the sound waves in such manner as to cause an astonishing increase in the clearness of all sounds. It overcomes the buzzing and roaring ׳׳»״ noises and, also, so constantly and electric-exercises the vital parts of the ear, that, ally, the natural imaided hearing itself is lually restored.
WHAT THREE BUSINESS MEN SAY
Electrophone is very satisfactory. Being small in and great in hearing qualities makes it preferable to any 1 have tried and. 1 belie'e, 1 have tried all of them. M W. HOYT, Wholesale Grocer, Michigan Ave. and River St.. Chicago.
1 got so deaf 1 could not hear with my speaking tube anil was advised to try the Electrophone. After fifteen years of deafness, discomfort and w orry 1 now hear perfectly at rhurch and at concerts. W. R. UTLEY,Sales Mgr., S. A. Maxwell
Mrs. C. Lidecka, 283 t2th Ave., Maywood,111., wears an Electrophone. Less conspicuous than eyeglasses.
& Co.. Chicago.
I have now used your Electrophone over a year, and know that it is a first-c'ass, scientific hearing device. Without it people have to shout directly in my ear to make me hear. With it, I ־׳an hear distinctly when spoken too in an ordinary tone. Best of all. u h-ts to fired my head noises which were a terrible aggravation. LEWIS W. MAY, Cashier, !00 Washington St., Chicago.
Write to, or call (call if you can ׳ ;it our Chicago offices for particulars of our personal test offer and list of other prominent endorsers who will answer inquiries. Physicians cordially invited to investigate aurists’ opinions.
Stolz Electrophone Co.. 1347 Stewart Bldg.. Chicago
Branch Offices; Philadelphia, Cincinnati, Seattle. Indianapolis, Des Moines, Toronto. Foreign Office: 82-85‘Fleet St., London, Eng.
mittee Suggested that the first course of lectures be upon bankruptcy law. a course it is proposed to have given by. Professor Fletcher of the University of Minnesota. Other courses will be as follows: “Checks.” Professor James Paige, who has lectured before the clerks for several seasons; “Taxation,” by Prof. F. L. McVey, now chairman of the state board of taxation, but formerly of the university and a frequent lecturer before the chapter: “Economics,” Professor Robinson of the university. Cleveland Chapter Meeting
The first meeting of the year of the Cleveland chapter of the American Institute of Banking was held Tuesday evening at 7:30 at the Chamber of Commerce library. This meeting, which was in the nature of a smoker, was addressed by S. P. Orth, assistant United States District Attorney־, and also by T. W . Hill, cashier of the Cleveland National, w.ho spoke on the guaranty of bank deposits.
The president of the chapter, Guy W. Shanks, of the South Cleveland Banking Com-panv. already has the work for the year well organized. The committees that he has appointed are enthusiastic in their determination to make this the most prosperous year in the history of the chapter.
New Fort Wayne Chapter
Clerks in the Fort Wayne, Ind.. banks have formed the Fort Wayne chapter of the American Institute of Banking, and have invited the eligible clerks in all surrounding cities within a radius of fifty miles to join them. An extensive program is being prepared for the winter. Chicago Chapter Notes By T. J. Nugent
The Chicago chapter is holding record breaking meetings this fall in point of attendance and enthusiasm.
President Johnson in his visit to a Chicago chapter meeting recently congratulated the chapter on her debating society and the number of good debaters it had turned out.
All angles of the question of guaranty 'of bank deposits were thoroughly and vigorously threshed out at the last chapter meeting. Bryan and Taft would have been benefited had they been in attendance.
A parti־ of at least a dozen members ־will accompany the Chicago team to Indianapolis, leaving Chicago Wednesday noon, November nth. The Indianapolis chapter debaters will consist of Ernest I. English, American National; J. C. Coffield, Columbia National, and A. A. Keogh, Merchants National.
The chairman of the entertainment committee reports that S. E. Kiser of the Record-Herald has fully completed his agreeable task of writing־ a burlesque on Booth Tarkington’s “A Man From Home” entitled “The Yapp From Home.” Mr. Frederick Karr, dramatic director of the Chicago Conservatory, under whose charge the show is being staged, reports a full attendance at the semiweekly rehearsals, and plenty of enthusiasm. The parts will be carried by chapter members and will be given Thursday and Saturday evenings, November 12th and 14th, at Y. M. C. A. Auditorium, 153 La Salle St. Judging from remarks made by those who have had an opportunity to read the burlesque, Chicago chapter has something nice and something that will give just cause for congratulations in the future.
Indianapolis Chapter Meeting
The first regular meeting of the Indianapolis Chapter, American Institute of Banking, was held recently, in the Commercial Club rooms. William Allen Wood was the speaker of the evening, his subject being “Bonds and Their Securities.” A discussion followed. Newton Todd and Louis Lathrop, local brokers, attended the meeting, and gave their views and experiences on the subject. The president of