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THE CHICAGO BANKER
November 28, jpo¿?]
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and most influential” financial journals “printed in the West.” Unfortunately St. Louis is the habitat. One “editor’ modestly states that the “notice is the best I could write” and begs the recipient to be “gracious in the amount” of the check which he asks to be sent to his private address in a self addressed envelope which he enclosed.
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barred from the second class mails. Particulars can be furnished.
T T is said that every time Jos. T. Talbert thinks of that Booth matter be becomes just a little more radical in his views on the commercial paper feature of banking.
there isn’t a base ball game, nor a foot ball game, nor anything in which Frank Gotch is “a person of the first part,” on hand, well a lot of people will want to know about it.
rT"'HERE’S Zoheth S. Freeman, for instance, a -l good illustration of a real banker where he belongs—in a real bank.
1M EBRASKA national bankers are in a quan-■*־ ^ dary. The new legislature and the governor elect were elected upon a guaranty of deposits platform, and it is up to the nationals to unite on some basis to meet the probable situation when such a law is passed for the state banks. All the state banks favor the law and expect it.
politicians will favor all appropriation bills which will make the work easier and safer when another four years have rolled around.
Y OU can’t boil an egg properly in the country -l in the time it takes a Chicago real estate expert to turn out a bogus mortgage. Buy them from a bank.	Cashier.
־׳THIS is something new. Something you ought to have. One shift of the keys has bank abbreviations, such as “Am.,” “Tr.,” “& Sav.,” “Bk.,” each written at one key touch. Lots of other new things. Write over to Grand Rapids and get the facts.
Y ES, the bank that can “afford” to pay 4 per -*■ cent on balances should print a house organ. Might arouse unfavorable comment to advertise the rate in a legitimate banking-paper. Funny how some of the banks that are doing both do not seem to grow?
LJ ENRY B. CLARKE, vice-president of the _ * Hibernian Banking Association, of this city, has been sued for divorce in the superior court by Harriet R. Stuart Clarke, whom he married in New York, July 15, 1899.
\7 AN YLISSINGEN was only a mortgage ’ broker, not a private banker, yet he shared their antipathy for inspection and publicity. He is wearing convict’s garb to-day because the passion for quick wealth made him a forger. He traded on the belief—all too prevalent— that a reputation for honesty is all that the average investor requires of his business agent. If investors were more in the habit of demanding verification of securities, Van Vlissingen’s career of crime would probably have "been nipped in the bud.
׳TTHS exposure only emphasizes the need for * more protection for those who must choose between private savings banks and investments in mortgages, bonds, or stocks. Even the buyer of real estate needs to exercise vigilance in the verification of abstracts of title and deeds, d here are pitfalls everywhere, so long as human greed makes some men dishonest.
^jNE of the newly elected officials of the Illi-NJ nois Bankers Association has received two letters, which are presumed to be only a variation in form but not in kind from those sent to other bankers, by “editors” of “oldest
"VVT E regret more than any one of the fifty-” odd persons that a portrait of the late Frank L. Powell, of Indiana, was run in the last week’s issue of this paper. The “make-up” editor, having misgivings about the matter, called up a well known Chicago banker, not long from Indiana, and was mistakenly advised. We are sorry.
OECRETARY SMITH objects to our calling ~ h's big “Indiana Bankers Convention” the “Indianapolis” convention, but such long has been the custom- as “Denver” convention, “Atlantic City” convention, etc. He is forgiven however for closing his letter with this sentence: “The Chicago Banker is a great paper. I admire and read it regularly and I know you want to have it right.”
A NOTHER man who was among the first to T*■ write in about the Powell error, was Fred A. Likely, formerly of Indianapolis, but now manager of “Finance and Commerce,” a “likely” paper of the Twin Cities. In his letter he says: “I was very much delighted to read this issue of The Chicago Banker, as, for a number of years, I was a resident of Indianapolis, and as the paper with which I was connected was the official publication of the Indiana Bankers Association, was well acquainted with all the men whose half-tones appeared in the Indiana convention issue. I trust The Chicago Banker will continue to grow in the esteem of the banking world, as it so rightfully merits.”
HERE’S a tip! If you get a finely written invitation to “renew” or to “subscribe,” from this office, it will have been written on one of six new, visible. Fox typewriters just installed. This company makes a bank typewriter with special key-board, and one set of type which will perforate checks, deposit slips, etc., just as your old fashioned check protector
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New Bank for Hiteman
A new bank is being organized at Hiteman, la., by W. B. Bonnifield, Jr., of Ottumwa, William Abegg, of Kirksville, J. A. Canning, of Albia, S. A. Corey, P. H. Waterman, and O. L. Canning, all of Hiteman. The bank will open for business the first of the year. W. B. Bonnifield has been elected president, S. A. Corey, vice-president, Geo. H. Ribbling, cashier. A new building is being erected.
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The Bank of Saluda
At the recent fifth annual meeting of the stockholders of the Bank of Saluda, S. C., the regular 8 per cent dividend was declared, and $2,000 was placed to surplus. With $25,000 capital the bank now has surplus $13,000. B. W. Crouch is president; W. A. Coleman, vice-president ; J. P. Lindler, cashier, and W. A. Crouch, assistant cashier.
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First National of Canyon City
A. J. Turner has been elected to the assistant cashiership of the First National of Canyon City3־, Colo.
The United States National
Edward H. Geary succeeds R. B. Murdock as cashier of the United States National of San Francisco.
In addition, the committees on savings bank laws, auditing, and membership have been appointed, and I would request your kind and prompt attention to any communications you mav receive from them. The first mentioned has a stupendous task on hand ; the others, important and necessary work. They will all need more or less of your assistance. Î trust you will find it convenient to do your part and" do it quickly. As it is a labor of love on the part of all of your committees, the burden should be made as light as possible.
J. P. Kanoky
Dr. J. P. Kanoky is to be president of the Gate City Bank of Kansas City after December 1st, succeeding A. M. Clark, who has held the office a year. The board of directors made the appointment at a meeting held Saturday. Mr. Clark resigned to devote his whole time to other business interests, although he will continue as a member of the board of directors. Dr. Kanoky has been a shareholder and a member of the board of directors of the bank since its organization.
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First State Bank of Tahlequah, Okla., has elected C. Ross as president ; R. H. Couch, vice-president, and W. C. Holt, cashier.
President Johnson’s Letter
J. H. Johnson, president of the Savings Bank section of the A. B. A., is sending out the following circular to the members :
Our annual convention meeting in Denver on the 28th of September, was an unqualified success, both in point of attendance and in the great earnestness and interest displayed by the 250 members who participated in it; demonstrating beyond question the value of devoting a day exclusively to our business. Report of the proceedings is now3 being printed, and will be sent to you shortly.
The membership increase has been satisfactory, but we must aim to make it even larger and include in our section not only the majority of the savings institutions in the’ United States, but practically all such institutions; the help of our members in attaining this object is earnestly requested.
The emphatic denunciation by the convention of the guaranty of deposits, and the dignified and logical protest against the postal savings bank or any form of government banks seems to meet with general approval. The former having been effectively disposed of, the second, as a consequence, looms up even more prominently than before. The committee of our section having the matter in charge, is giving it close and careful attention, and will keep you advised from time to time as to the situation.