11
THE CHICAGO BANKER
November 7, iço8]
The Girard National Bank
Of Philadelphia
Capital,	$ 2,000,000.00
Surplus and Profits,	3,650,000.00
Deposits,		28,500,000.00
FRANCIS B. REEVES, RICHARD L. AUSTIN Vice-President THE0. E. WIEDERSHEIM Second Vice-President	President JOSEPH WAYNE, Jr. Cashier CHARLES M. ASHTON Asst. Cashier
Accounts of Merchants, Individuals, Banks, and Bankers Received on Favorable Terms
FOURTH STREET NATIONAL BANK
OF PHILADELPHIA, PA.
Capital $3,000,000.00 ־ Surplus and Profits 5,900,000.00 ־
UNEXCELLED COLLECTION FACILITIES CORRESPONDENCE INVITED
R. H. RUSHTON, President	E. F. SHANBACKER, 1st Vice-President
B. M. FAIRES, 2nd Vice-President
R. J. CLARK, Cashier	W. A. BULKLEY, Assistant Cashier
FRANK G. ROGERS. Manager Foreign Exchange Department
Deposit Bank, of this ciy, this week, by Receiver Elliott. The total claims so far proved amount to about $500,000, but total may be added to. It is considered probable that 100 per cent will finally be paid.
Land Title and Trust Company
At the annual meeting of the stockholders of the Land Title and Trust Company, of this city, the by-laws were amended so as to provide for the payment of an attendance fee to each director who is not a salaried officer, for attendance upon the regular and special meetings of the board, or of any standing or special committee thereof. All the directors were reelected.
Banking Notes
In addition to declaring the usual semiannual dividend of 5 per cent, making the 158th disbursement, the directors of the Penn National, of this city, have added $100,000 to the surplus fund, making that fund $1,100,000.
Stockholders of the Philadelphia Casualty Company are to be asked to put in $150,000 new capital, which will make the capital $500,-000 and provide a strong surplus.
Walter C. Louchheim, of the banking firm of j. S. Bache & Co., of this city, has been elected a member of the New York Stock Exchange.
The Market Street National, of this city, has declared the regular semiannual dividend of 4

per cent.
Chicago Corporate Bonds
Comptroller Wilson, of Chicago, says:	“We
will ask council for authority to issue $985,000 4 per cent corporate bonds very soon. We have been holding back on account of the election. Of this amount $85,000 represents judgments. Less than $900,000 is needed right away and only a part will be sold immediately.”
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The Bank of Ayr
W. Morrish, of Page, N. D., has been elected president of the bank at Ayr, N. D., and Mr. Kettle, of Casselton, vice-president.
Elected a Director of Commercial Trust
Charlemagne Tower, formerly the United States Ambassador at the court of Berlin, ״was elected a director of the Commercial Trust Company, of this city, at a meeting of the board of directors recently.
The Commercial Trust Company is one of the younger companies in Philadelphia and has proven most successful, due largely to the fact that its board is composed of many prominent Philadelphia and New York men, the complete list being as follows:
H. W. Biddle, Rudulph Ellis, Effingham B. Morris, C. Stuart Patterson, Sidney F. Tyler, Horatio G. Lloyd, Henry Tatnall, J. R. McAllister, Paul D. Cravath, William C. Sproul, Thomas DeWitt Cuvier, Clement A. Griscom. Arthur E. Newbold, Samuel Rea, L. C. Weir, Samuel T. Boldine, Alvin W. Krech, Henry C. Frick, Robert K. Cassatt, Thomas F. Ryan, Charlemagne Tower.
Philadelphia Bank Directors
Directors and officers of Philadelphia national banks resent the action of La־wrence O. Murray, Comptroller of the Currency, in propounding a series of twenty-nine questions to be asked bank directors by the bank examiners. First, they deny authority of the Comptroller of the Currency to command directors to meet when a bank is to be examined.
Further, they declare that the majority of the proposed questions are such that they could not be definitely answered; that they are, in fact, palpably absurd, and that as to others the information is available to the examiners whose duty it is to get it themselves.
Tohn Sailer, a director of the Girard National, said that if the government insisted on demanding such severe and critical duties of directors and should require of them an absolutely intimate and continuous knowledge of the minute details of the bank’s affairs, it will necessitate, if directors fulfill these duties, the giving up entirely of their own business.
First Dividend to be Paid
A first dividend of between 40 and 50 per cent will be paid to depositors of the National
The board of directors of the Sixth National, of this city, have declared a semiannual dividend of 5 per cent. The sum of $20,000 was added to the surplus fund, making it $200,000 (earned),
The Union National Booklet
The Union National, of this city, is issuing to its patrons an elegantly bound book describing in detail the history of the institution.
Photographs of the directors and officers, also replicas of the bank’s quarters in various periods of its existence, are shown in the publication.
Through a statement of reports to the Comptroller, covering twenty-five years, dating from 1883, an idea of the growth of the institution is gleaned. In the year mentioned the surplus and profits account amounted to $160,000, while deposits aggregated $1,772,000.
At present surplus and profits foot $721,000, while deposits total $5,426,000.
W. Iff. Carpenter is president of he bank, and included on the board of directors are such prominent Philadelphians as John E. Reyburn, Ignatius J. Dohan, and T. H. Conderman.
The Peoples Trust to Build
The stockholders of the Peoples Trust Company, of this city, held a special meeting recently and voted unanimously to accept the recommendation of the board of directors to erect a new building for the use of the company at the northeast corner of Twelfth and Arch streets. Virtually every share of stock was represented at the meeting. The company recently purchased the site at Twelfth and Arch streets.
Philadelphia Savings Banks
The deposits of the three leading savings banks of this city, all large and important institutions, since 1898 have more than doubled. The total amount of deposits in these banks is $122,864,027. In 1898 the amount of deposits in these institutions was $61,074,785. It is to be noted that in almost every year there was an increase in deposits.