o THE CHICAGO BANKER November 14, 1908־] Simplicity and Efficiency are the strongest points of any machine. Both these features are prominent in the Splitdorf Hi# Tension Magneto The simplest and most serviceable of all Magnetos. With this Magneto on your car you can forget all about ignition apparatus. San Francisco Chicago S20 Van Ness Ave. V✓• Jl • KjUlltUUI 1 319 Michigan Ave. Walton Ave. and 138th St., New York. Branch, 1679 Broadway wêm : jj§ ’ i ■ iv I! fi■ jSI i. ' tí§ f־Cv '•* j J * ׳ \ /* ! * ■f ־ » 8 I Jg ¡¡¡¡i wm ■ Hi Hi itiwHm {¡m «״a % ISk * 11 ¡¡¡¡1 ! wmmMMA P . ». t W T ■ !11111(11 If 1,1 ¡™■il ׳*־4•־ 1 ! *• L ■. MINNEAPOLIS Cortelyou Calls in Bonds Washington, November 9.—Secretary Cortelyou issued a circular to-day notifying owners of the one-year 3 per cent treasury certificates that they will mature and cease to bear interest November 20, 1908. National banks desiring to maintain their circulation secured bv these certificates must furnish other United States bonds to be substituted therefor not later than November 20th. V* Indicted for Embezzlement Logansport, Ind., November 9.—Judge Daniel P. Baldwin, of this city, and William H. Dague, of Kentiand, have been indicted by the Newton County Grand Jury on two counts each, both charging embezzlement. The indictment grew out of their connection with the Goodland Bank, which was closed by State Auditor Billheimer last year. Judge Baldwin gave bonds in the sum of $500 on each indict- The Shirley State Bank The safe in the Shirley State Bank of Newcastle, Ind., which was burned last week, has been expressed to Hamilton, Ohio, in order to have it forced open. It contains $3,500 in paper currency, silver, and gold, and the depositors are clamoring for their money. The intense heat of the fire practically sealed the door. Alfred McCoy Dead Alfred McCoy, father of Thomas J. McCoy, and for almost fifty years a trusted banker in Rensselear, Ind., is dead at Queen City, Mo., where he had made his home since the trial that proved him innocent of the charge Of embezzlement. V» Receivers’ Certificates It is announced that Receiver Carpenter, of the Southern Indiana Railroad, is arranging for an issue of $300,000 receivers’ certificates and to retire $200,000 car trust notes and pay $80,000 taxes. The remaining $20.000 will be used for miscellaneous purposes. 7J׳» The Citizens Bank The Citizens Bank of Kimball, Neb., has been granted a charter. Capitalized at $10,000, F. M. Woolridge and others are promoters. John H. Musser Dr. John H. Musser has been elected a director of the Colonial Trust Company, of Philadelphia. All other members of the board were re-elected. JONCE MUNYHAN Orleans, Ind. The Norfolk City Bank The stockholders of the Norfolk (Va.) Dime Savings Bank have unanimously decided to change the name of the institution to “Norfolk City Bank, Inc.” said change to go into effect simultaneously with moving into the new quarters of the institution in the Haddington Building on Granby Street, where it is now located. Edward Clifford On the Chicago delegation touring the South in the interests of the Chicago Association of Commerce, are Edward Clifford, manager for Hornblower & Weeks, bankers, and Joseph T. Talbert of the Commercial National. «׳<^ A new two-story brick building will be erected by the Bank of Midland, S. D. The Indianapolis Bankers Convention (Continued from page x) The afternoon session was devoted to the meeting of the trust company section of the organization. The meeting opened with the annual address of the section president, James D. Johnson, of Kokomo. Then followed the statement of the secretary, Ross A. Wallace, that of the treasurer, Frank Martin, Indianapolis. John H. Holliday also made an address. There were four topics for discussion: “Trust Company Reserves,” led by I. H. C. Royse; “Conservatism,” led by Frank Martin; “Postal Savings Banks,” led by George U. Bingham; “Trust Departments,” led by M. S. Sontag. The second day’s session opened with an address on “Banking and Politics,” by George E. Allen, New York City, secretary of the American Institute of Banking. The next address was that of George E. Roberts, president of the Commercial National, Chicago, who spoke on his favorite subject, “A Central Bank of Issue.” Then followed a general discussion of the questions: “Payment of Interest on Deposits,” and “Indiana Banking Laws.” For entertainment there were a smoker and a chapter debate between Indianapolis and Chicago; a Dutch lunch and theater tickets for the ladies. The whole concluded with a magnificent banquet at the Claypool. The addresses of Mr. Henschen and Mr. Allen are published in full in another part of the paper while those of Mr. Roberts and Mr. Clews were served up to our readers upon a former occasion. Bank Increases Capital The capital stock of the Bank of Oregon at North Bend, Oregon, will be increased from $50,000 to $75,000, the additional capital to be paid in this month. The increase of the capital stock is made at the suggestion of Henry Hewett, Jr., of Tacoma, who recently bought an interest in the institution from L. J. Simp- Chicago Savings Bank and Trust Co. John A. McCormick has been elected an active vice-president of the Chicago Savings Bank and Trust Company. Houston Jones, formerly of the Mercantile Bank and Trust company of Boulder, Colo., has been elected cashier of the bank. The institution is now well organized, with Lucius Teter at the head.