[Volume XXV
THE CHICAGO BANKER
32
ESTABLISHED 1872
Northwestern National Bank
MINNEAPOLIS
Wm. H. Dun-woody, President M. B. Koon, Vice-Pres. E. W. Decker, Vice Pres. Joseph Chapman, Jr., Vice-Pres. A. A. Crane, Vice-Pres. Frank E. IIolton, Cashier C. W. Farwell, Asst. Cashier W. F. McLane, Asst. Cash. R. E. Macgregor, Asst. Cash. S. S. Cook, Asst. Cash.	I. F. Cotton, Asst. Cash.
incontrovertible BULLARD’S SPEEDOMETERS
Weight 10 ounces 2V\ inch dial PRICE $15.00
They tell the truth at any speed up to their limit.
No jar or jolt of the car will shake the hand.
Sensitive to the slightest change of speed.
Slowest moving parts of any instrument in the market.
Ball bearings throughout. ABSOLUTELY guaranteed for TEN years, if “ you ic t it alone.”
WHO WILL GIVE YOU AN EQUAL GUARANTEE, AND LIVE UP TO IT ?
For Automobiles
No Instrument more easily read. Registers correctly when attached to either wheel.
We have no shaft troubles, owing to its slow motion and ease of runu.ng.
We prove our statements every day; let us prove it to you. Send for bocUcts and letters of endorsement.
WE SET THE PACE PRICES FROM §15.00 TO §50.00
Bullard Specialty Co., Winchester Park, Springfield, Mass.
Speedometers ¿iod Speed Recorders
Pressing־ thrsjvcy on the
■ M CANS that
ii.fi you have printed an amount and have not added into the total.
Alongside of the amount is a sign —just to show you it is not added in.
if By it you can separate debits from credits, without interrupting the work you can put in account numbers—and there are
______other things worth while. Look at the slip
in the corner.
tjJWe are selling thousands of these machines
but you may have one on trial, free and no
obligation. A card today, is all that is necessary.
*I Ninety per cent, of all adding and listing machines in use are Burroughs.
Burroughs Adding Machine Company
Block 65,Detroit. Michigan, U. S. A.	־SsA
^---------------- --------------------
466
7.0 0
3	5.0 0< 6 9.5 3 63,64.
40 0 70 0
4	000 6 9.0 0* 2500 50,00
30719#
California, the San Francisco Savings Union, the German Savings and Loan Society, besides a number of well-known Oakland and Los Angeles banks.”
Гг»
United States Deposits
The United States Deposits in national banks to the credit of the Treasurer of the United States which may be recalled upon demand, amount at present to a little over $n8,-000,000 comparing with $197,000,000 at this time a year ago. It may be that in preference to issuing Panama Canal bonds at this time, a part of these United States deposits will be recalled. A comparatively small amount of these deposits are now held by banks in New York and other central reserve cities, most of them being distributed in small amounts with a large number of banks scattered throughout the country.
V
The Bank of San Marcial
The Bank of San Marcial, N. M., reports capital of $15,000 with the following officers: Frank Johnson as president; Francis Wilson, vice-president, and W. J. Joyce, cashier.
tutional amendment, which enables corporations, when two-thirds of their stockholders or of their members are willing to do so, to extend the term of their existence for a term not exceeding fifty years. It is easy to see how, in the case of banks, this amendment is of very great importance, and, indeed, how it is of importance and use to the general business welfare of the state.
“No one can possibly be damaged by the adoption of the amendment. Its operation is strictly confined to private corporations. By its terms it excludes railroads, water companies and other quasipublic corporations. It will not, therefore, extend any franchise granted to public-service corporations, nor in any manner affect the corporate powers or rights of any such corporation. It will simply permit private corporations ( religious, educational and benevolent, as well as those organized for profit) to prolong their lives. The Hibernia Bank is by no means the only bank interested in the adoption of this amendment. Every bank in the state that was organized in the sixties is now approaching the termination of its legal existence, and will doubtless take advantage of this amendment, if it is adopted. Among those that are interested and which are advocating the adoption of this amendment are the Bank of
Explains Meaning of Proposed Act
Secretary Richard M. Tobin of the Hilbernia Bank of San Francisco, says regarding amendment 31 : “The Hibernia Savings Bank, in common with other leading banks of the state, is interested in the adoption of proposed senate constitutional amendment 31, for the reason that the charters of these banks will expire within the next ten years and is is necessary to amend the constitution in order to permit corporate charters to be extended. As is well known, a great many private corporations, banks and others, which were organized about the years i860 to 1865 for a period of fifty years, are now approaching the termination of their legal existences, and unless some method is devised for extending their terms all such corporations will have to be dissolved by court proceedings and wind up their business. There is nothing in the law to prevent stockholders or members of any such corporation from forming a new corporation and continuing their business by' that method, but such a proceeding would be very expensive and entail a great deal of labor. It is highly^ desirable, therefore, that some more expeditious and cheaper method for extending corporate existence should be provided. This is furnished by the proposed consti-