23
THE CHICAGO BANKER
November 21, ipo8]
Leigh Sargent, chairman of the entertainment committee, and to Mr. Frederick Karr, the stage director, for their untiring efforts and energy towards the success of the show. Mr. Sargent worked like a nailer, even to devoting his whole vacation period to the task of whipping things into shape. Everett Mann, besides carrying a prominent part in the show, took on his shoulders the job of attending to the box office and sale of seats, using up the better part of his vacation in doing so. To the several committees is also due an abundance of praise for their co-operation. The thousand and one details which have to be attended to and are necessary to the final success of an enterprise of this kind must be handled by good, sound, intelligent fellows, and Chicago chapter has this year, been wonderfully lucky in having such men on the committees.
his face after wrestling with that monocle. H. C. Grier’s Riberino, the grand duke’s secretary, was well acted and he introduced a lively little buck and wing dance during the course of the performance.
The orchestra, composed of professional musicians, included some of the best talent in the city, and was ably directed by Prof. W. E. Blaufuss.
The stage settings, lights, and properties furnished by Samuel Frankenstein were first class in every respect. Two of the scenes were from photographs of the original production.
The eight gowns used by the feminine impersonators were designed by Mme. K. Youngblood. She also furnished the hats, shoes, wigs, etc., used in the production. All were rich and appropriate.
Too much credit cannot be given to Mr.
His low comedy was rich and he made quite a terrible looking bomb-thrower with his gentle face and rubber “bombs.” Harry Boyell, as Harry, the spendthrift brother of the “sweet young thing” was a hot looking article in a full dress suit and boiled shirt. The Earl of Hardscrabble as played by H. B. House was so blamed funny it would make a brass monkey laugh. His costume in the first act consisted of spats, a pair of cuffs, and a dirty looking bath robe under which could be discerned a suit of loud red underwear. He looked like about nine cents in that rig, but said that his suit was at the tailors getting cleaned as he was so unfortunate as to fall into a frog pond the night before. E. N. Shrosbree, as Albert-Sweet Auburn, the bandy legged son of the Earl, was a scream and made a personal hit. Fie will have an awful time straightening out
bank will have a capital of $200,000. It was organized by George C. Smith of Ottawa, Kan. The 3-story building of the Bankers’ National was purchased for $84,000. The Bankers’ National has been in business about two years. The new bank will care for all its deposits and depositors.
Swinney’s Friends Boom Him
St. Louis friends of Edward F. Swinney, president of the First National of Kansas City, are interested in a movement which had its inception in Western Missouri, to push Mr. Swinney for the position of Secretary of the Treasury in President Taft’s Cabinet. Mr. Swinney is said to have powerful influences in his favor, including the personal friendship of Mr. Taft. He is a former resident of Fayette, Mo., and has risen to his present position by his own efforts.
The St. Louis Money Market
All St. Louis branches of banking show activity. The demand for money is light. General business is improving fast. Clearings are in excess of the same period last year. Rates are steady at 4]A to 5R> per cent on call and time loans.
All State Banks Make Good
The Texas commissioner of insurance and banking has received advice from Mack Watson of Bonham, Texas, receiver appointed by the district court of Fannin County, for the First State Bank of Ravenna to the effect that all the depositors and other creditors of that institution have been paid in full. This makes a clean record for the Texas state banking system up to date. No depositor in any state bank has lost a penny since the first state bank was organized.
Elected President of Bank
T. J. Bohannon has been elected president of the State Bank of Lancaster, Kan., to succeed the late W. W. Stepp.
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The Ariton Banking Company
The Ariton (Ala.) Banking Co. reports capital of $25,000; undivided profits $653, and deposits of $12,573. W. C. Windham is president; T. J. Travick, vice-president, and Ross Rainer, cashier.
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The Bank of Wilson
The Bank of Wilson (Ark.) reports paid in capital of $12,500 and deposits of $22,000. M. J. Blackwell is president; J. W. Rhodes, vice-president, and W. S. Jett, cashier.
tober 31st and to-day. The increase is due to the unusual activity in the St. Louis Stock Exchange, as a result of the complete revival of confidence. Brokers say the buying is the heaviest in St. Louis for three years, and they are almost unable to accommodate their patrons.
The stocks most in demand are those of the National Bank of Commerce, the Third National, the Mechanics’ American National the Boatmen's Bank, the Mississippi Valley Trust Company, the Mercantile Trust Company and the Commonwealth Trust Company. The increases range from $2 to $19 a share or from $40,000 to $1,900,000 in the aggregate.
New Bank Commissioner In
W. S. Albright, who was promoted from assistant to be bank commissioner by Governor Hoch, of Kansas, when John Q. Royce resigned, took charge of the office last week. His first work was the appointment of E. E. Marshall of Ellsworth as his assistant. Fir. Marshall formerly was superintendent of the Hutchinson reformatory, but since his retirement, a year ago has been a deputy bank examiner. Ben C. Johnson of Topeka, was appointed an examiner to take the place of Mr. Marshall.
John Q. Royce, before he left the office said he still favored the passage of a bank guaranty law just as strongly as he did two years ago. He does not want an insurance plan, but a law that will give the state treasurer and bank commissioner control of the fund. He wants the banks to come into the plan voluntarily. He would have the depositors of all failed banks paid at once from the state fund and then reimburse the fund from assets of the bank.
Mr. Royce also urges the passage of laws making more strict the requirements for excess loans, requiring that an ownership of 5 per cent of the stock of a bank is necessary before a man can become a director and allowing a smaller actual cash reserve in state banks to place the state and national banks on an equal footing in this regard. He also would end the practice of large banks owning smaller ones and would prohibit the small banks from keeping their reserves in any bank whose officers or stockholders own any stock of the smaller institution.
The People’s National of Kansas City
The People’s National of Kansas City, Kail., a new institution, has arranged to take over the Bankers’ National of that city. The new bank is to begin business January 1st in the building at Seventh Street and Minnesota Avenue, now occupied by the Bankers’ National. The new
The annual meeting of Group Eight of the Missouri Bankers Association was held at Hermann, last Tuesday. Sam B. Cook of Jefferson City presided. R. A. Breur of the People’s Bank of Hermann made the address of welcome, to which Chairman Cook responded. The counties represented were Franklin, Gasconade, Osage, Cole, Miller and Moniteau. An interesting discussion on guaranty of bank deposits and postal savings banks took place in the afternoon. A visit to the large wine cellar for which Hermann is noted, a banquet and social dance at the Concert Hall were features of the entertainment extended to the visiting bankers. The association elected E. F. Ripp-stein, of Herman Savings Bank, president, and R. H. Allee, of the Miller County Exchange Bank, secretary, for the next year.
A Night Bank for Oklahoma City
The Night and Day Bank, with a capital stock fixed at $25,000, was chartered Saturday to engage in business at Oklahoma City. The bank will be open eight hours at day and eight hours at night. The night service is for the convenience of night laborers. The directors of the bank are F. C. Haskett, D. R. Cummings, and J. H. Bollinger, all of Oklahoma City.
The New Brownsville Bank
A new banking institution has been organized at Brownsville, Tex., under the new state banking law, the Brownsville Bank and Trust Company, with the following officers: W. W. Lastinger, president; J. L. Landrum, vice-president ; E. A. McGary, cashier. The directors have not been named. The bank has applied for a charter and will be capitalized at $60,000, but this will be increased as business demands. Mr. Lastinger was recently with S. W. Slayden & Co. at Caco and Mr. Landrum is a well-to-do stockman and land owner of this section. Mr. McGary has been with the Merchants’ National as assistant cashier for some time, but has resigned to accept the cashier-ship of the new bank. This firm will open for business as soon as furniture and fixtures arrive.
Group Two, K. B. A., Meeting
Group Two of the Kansas Bankers Association held its sixth annual session at Emporia, last Wednesday afternoon. About fifty of the T50 bankers belonging to the association attended. After the business meeting the visitors were taken over the town in motor cars. A banquet for which xoo plates were set was served to the bankers at the Whitley hotel.
St. Louis Bank Shares
Stocks of St. Louis banks and trust companies gained $2,020,000 in value between Oc-