[Volume XXV
THE CHICAGO BANKER
26
UNITED STATES DEPOSITARY
The Cedar Rapids National Bank
Cedar Rapids, Iowa
Has for more than 21 years given particular attention to the accounts of Iowa Banks and Bankers, and is thereby enabled to place at their disposal facilities that are unsurpassed.
OFFICERS A. T. Averti.l, President	Kf.ntC. Fkrman, Cashier
G. F. Van Vf.chten־, Vice Pres. Louis Visha, Asst. Cashier Ralph Van Vechten, Vice Pres. A.R. Smouse, Auditor
the loan was well secured when made but that the party borrowing lost his possessions by fire a short time afterwards.
The State Treasury
The state treasury is once more back to the half million balance mark where it was before the panic struck the country last year. At the close of business Saturday night, October 31st, the treasury held $528,627, according to the report of Treasurer Morrow. This of course represents only the cash in general revenue subject to draft for general expenses of the state administration. At one time during the year, the working balance was $200,000 which was the lowest point and at that time payment of state obligations was slow. The last legislature passed a law placing a penalty upon delinquent taxes so that county treasurers are now more prompt in remitting to the state.
Boosting Postal Savings Banks
Prof. Albert Loughridge of Cedar Falls who is traveling in the interest of Des Moines college is enthusiastically boosting postal savings banks from his observations of the way he says they work in England. He says that they serve as feeders for the banks, the government pays 2 per cent while the banks pay 3J4 and when a depositor gets a good account started in the post office, he takes it to the commercial bank for the higher rate of interest. Another advantage is that a postal savings depositor can draw upon his account at any place in the Kingdom by presenting his pass book to the postmaster who issues
tire speech at West Union to discussion of the question.
Opposes Guaranty Plan
Major Lacey, who was for sixteen years a member of Congress, opposed the guaranty plan, in the course ot his speech he asserted that Iowa has more banks than any other state in the union although not as much hanking capital as many other states. He relerred to Texas as having five times the area oi Iowa with twice as many people but many iewer banks than the Hawkeye state, in concluding his address, Major Lacey saia: "With the risk of all the banks combined and saddled upon ail the rest the honest banker whose long lire of probity and honor would count tor nothing would become the guarantor ot all his unknown and irresponsible competitors m all parts ol the country and in the attempt to make solvency uniiorm a uniform unknown element ot danger would expand and blight all the financial institutions of the iand.”
Capital Hill Debating Club
the Capital Hill Debating club took up the guaranty question and debated this question at its regular weekly meeting in Des Moines last week:	"Resolved that the system ot guarantee-
ing bank deposits, proposed by the democratic piatlorm would, if enacted, prove detrimental to the people of the United States.” Two men spoke 011 each side and the debate was warmly-contested but the three judges found for the affirmative.
A New Fish Story
H. S. Butler of the Iowa National, Des Moines, is telling a new fish story since his return from a trip through the West. Mr. Butler says that he was down in the Imperial valley in southern California where there are countless lakes left by the overflow of the Colorado river. The railroad track runs along beside these lakes and Mr. Butler says it is a favorite diversion of the passengers on the trains to catch fish in the lakes as the trains speed along. The passengers provide themselves with rods long enough to extend beyond the trestles, throw the hooks forward into the waters and as the trains whiz along the hungry fish grab the hooks and are jerked in through the car windows. Mr. Butler says he didn’t catch any fish himself but he saw others catch them and he feels certain that he could catch a fish nine times out of every ten attempts.
The Farmers Loan and Trust Company _ The Farmers Loan & Trust Company of Sioux City has brought suit against Louis A. Rothe, now of the Farmers Loan & Trust Company of Norfolk, Neb., but formerly cashier of the First National at Fonda, Iowa, for $2,363.94. The suit raises a novel question for it is charged that Rothe was the silent partner of a business man in Fonda who borrowed money from the bank while Rothe was cashier. The business man failed to pay up and hence suit is started against Rothe by the Sioux City concern to whom the Fonda bank assigned the claim. Rothe says that he never formed any partnership with the man in question though one was projected and says that
Des Moines, November 5.—The guaranty oi bank deposits figured quite extensively in the campaign which came to an end the past week, particularly towards the close. Early in the campaign, lack of familiarity with the proposition and its meaning prevented a wide discussion oi this phase of the political game, but as the campaign progressed, interest in this democratic plank gained and the past week before election, the guaranty of deposits was perhaps the trios, talked of feature of the campaign. The meeting-in Des Moines of those bankers who favored the proposition at the call of Banker O'Mally of Perry which resulted in the organization of a club to boost the idea along was one instance of this increased interest. Just before the end of the campaign, Major John F. Lace}׳׳, who was stumping the state against Governor Cummins for senatorial preference, devoted almost an en-
TIIE DES MOINES NATIONAL BANK
DES MOINES -	- IOWA
OUR DIRECT FIELD-STATE OF IOWcA Capital	I $300,000.00
Surplus & Profits 85,000.00 Deposits	-	4,000,000.00
ARTHUR REYNOLDS, Pre.id־nt JOHN H. BLAIR, Vice-President A. J. ZWART. Cashier
MERCHANTS' NATIONAL BANK
BURLINGTON, IOWA.
CAPITAL ■	•	$100,000.00
SURPLUS AND PROFITS, ■	$100,000.00
OFFICERS
J. L. EDWARDS, President	W E. BLAKE, Vice-President
JAMES MOIR, Vice-President	ALEX. MOIR, VIce-PrssIdent
H. J. HUNGERFORD, Cashier
F. L. HOUKE, Ass’t Cashier	C. L. FULTON, Ass t Cashier
ACCOUNTS OTBANKA BANKERS MANUFACTUREN1 AND IN• DIVIDUAL« INVITED AND EVERY FACILITY CONBIITCNT WITH SOUND CONSERVATIVE AND LEGITIM AT C ■ANKINS WILL ■E
Citizens’Savings Bank
CAPITAL, $50,000.00
DECORAH, IOWA
SPECIAL ATTENTION GIVEN TO COLLECTIONS SEND YOUR DECORAH ITEMS TO US
E. J . Curtin. Pee esident B.J. McKay. Cashier O. Casterton,	E. L. Amundsen.
Vice-President	Asst. Cashier
THE
OTTUMWA NATIONAL BANK
OTTUMWA, IOWA
Capital, $100,000 Surplus, 75,000
Will render genuine service to all those having business in Ottumwa and vicinity.
J. B. IVIOWREY, L. E. STEVENS, R. W. FUNK, President	Cashier	Ass’t Cashier
CLINTON, IOWA
Capital and Surplus, $500,000.00
Send us your Iowa and Western Illinois collections. Our service and rates will please you. BANK ACCOUNTS SOLICITED.
TO IOWA BANKERS
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