[ Volume XXV
THE CHICAGO BANKER
10
The Wisconsin National Bank
OF MILWAUKEE
CAPITAL -	$2, OOO, 000
SURPLUS -	1,000,000
OFFICERS
L. J. PETIT, President	HERMAN F. WOLF, Cashier
FRED’K KASTEN, Vice-President	L, C. BOURNIQUE, Asst. Cashier
CHAS. E. ARNOLD, 2nd Vice-President	W. L. CHENEY, Asst. Cashier
WALTER KASTEN, Asst. Cashier
DIRECTORS
L. J. Petit	Frederick Kasten	R. W. Houghton	Oliver C. Fuller
Herman W. Falk	Ceo. D.Van Dyke	Gustave Pabst	Charles Schriber
Isaac D. Adler	Frank L. Vance	Patrick Cudahy
Wisconsin Trust Company
MILWAUKEE
CAPITAL	-	-	- $500,000
SURPLUS -	-	-	100,000
OFFICERS
OLIVER C. FULLER, President	GARDNER P. STICKNEY Treasurer
FRED’K KASTEN, Vice-President	FRED. C, BEST, Secretary
R. L. SMITH, Asst. Secretary
DIRECTORS
L. J. Petit, Chairman Frederick Kasten R. W. Houghton Oliver C. Fuller Herman W. Falk	Charles Schriber Gustave Pabst	Gardner P. Stickney
Isaac D. Adler	Frank L. Vance	Patrick Cudahy
naruma
If any of your friends or customers are coming to the Yakima Valley, a letter of introduction to us will insure them prompt and courteous attention.
C. H. ROYCE, Cashier
H. C. LUCAS, Vice President
The bank of Central Washington for people from the Middle States.
North Yakima, Washington
G. S. RANKIN, President
years, and in many instances has led to the organization of banks where there was no business for them to do, and the possibility of earning profits for local stockholders who have been induced to contribute a large part of the capital. It is probable that by holding the institutions rigidly up to the requirements of the national banking act many of them will be induced to give up their charters.
The Ponsford State Bank
The Ponsford (Minn.) State Bank will commence business soon. Capitalized $io,ooo, \V. R. B. Smyth is president; M. E. Stephens, vice-president, and J. W. Nunn, cashier.
ORGANIZED 1810
Commercial & Farmers
National Bank of Baltimore, McL
Federal, State and Municipal Depositary
Bankers aie invited to open Reserve or Active Accounts on Liberal Terms. Extensive Banking Connections enable uï to render effective service. Correspondence invited
James M. Easter, Pres.	Frank V. Baldwin, Cashier
Harry M. Mason, Vice-Pres.
Chains of Small Banks
Comptroller of the Currency Murray has received his first report from a special examiner, whom lie sent out recently to look into the conditions under which chains of small banks have been established. The examiner reports that he found one typical group of institutions established in small places of perhaps 300 people at the largest, while others, where members of the group had been located, had no definite population, but were merely crossroads settlements where there was a mil! and a store or two.
The banks simply raked in what funds they could and then sent them to a neighboring town of considerably larger size, where they were deposited with a bank which was practically the parent organization for the other institutions, and had secured their establishment in order that they might be feeders. The funds were invested in local paper, which this bank was handling. In some instances paper of poor character had been worked off on the smaller local banks, and as a result it appears likely that some of the institutions will suffer severely, losing their surplus and possibly impairing their capital, and in any event being־ deprived of all power to pay dividends to the local stockholders for some time to come.
This is a type of bank organization which has become comparatively common within recent
Money Goes to Depositors
Nearly a thousand depositors will be benefited by a decision handed down in the Supreme Court of Errors of Connecticut, in the action of the bank commissioners against the Savings Bank of Watertown, brought to determine the disposition of certain moneys now in the hands of the bank's receiver. The court finds that the money should be divided among the depositors.
V
Farmers State Bank of Harvey
The Farmers State Bank of Harvey, N. D., with a capital of $25,000, has been incorporated by L. W. Miller, F. O. Brewster, L. D. Clark, and Hugh Montgomery, all of Harvey.