11
THE CHICAGO BANKER
November 28, iço8]
The Girard National Bank
Of Philadelphia
Capital,	$ 2,000,000.00
Surplus and Profits,	3,650,000.00
Deposits,		28,500,000.00
FRANCIS B. REEVES, RICHARD L. AUSTIN Vice-President THEO. E. WIEDERSHEIM Second Vice-President	President JOSEPH WAYNE, Jr. Cashier CHARLES M. ASHTON Asst. Cashier
Accounts of Merchants, Individuals, Banks, and Bankers Received on Favorable Terms
FOURTH STREET NATIONAL RANK
OF PHILADELPHIA, PA.
Capital $3,000,000.00 ־ Surplus and Profits 5,900,000.00 ־
UNEXCELLED COLLECTION FACILITIES CORRESPONDENCE INVITED
R. H. RUSHTON, President	E. F. SHANBACKER, 1st Vice-President
B. M. FAIRES, 2nd Vice-President
R. J. CLARK, Cashier	W. A. BULKLEY, Assistant Cashier
FRANK G. ROGERS, Manager Foreign Exchange Department
made by Senator Stephen B. Elkins, of West Virginia, during a visit to this city. He was here on business and manifested a deep interest in the subject of trade improvement.
Beginning with the subject of stocks, the senator ended with the tariff, which he said would be revised in a “sane” way. “Prosperity?” he said, in an interrogatory voice. “Prosperity? Why, prosperity is here, and it won’t go away soon again. When the stock market takes such a turn as it has taken since the election of Taft, things are looking up, indeed. Since that event stocks have gone up so rapidly that their appreciation has now reached the enormous value of two thousand millions of dollars. The country will be too busy in a few months to bother itself about the recent depression. The onward march of our commerce must always be victorious, for we are fully able to conquer obstacles lying in our path.
“Six months after the tariff has been revised you will see that business will be humming as it was about a year ago. And that will be because the revision will be sanely accomplished. Congress will revise the tariff on a strictly protection basis. Our industries will be protected. There will be no such radical changes as will imperil the country.”
Addresses School of Finance and Commerce
Upon invitation from the University of . Pennsylvania, Samuel H. Barker, financial editor of The North American, last week addressed the Wharton School of Finance and ©Bmmerce upon the subject of street railway earnings, capitalization and finances.
*r»
Court to Enjoin Brokers
Declaring the Boston curb a public nuisance, Judge Loring, in the Massachusetts supreme court found for the plaintiff in a suit to restrain the noisy brokers from doing business in Doane Street.
He was in doubt as to what measure would give relief to the protestants and declared that some sort of adequate injunction would issue at a later date.
Eyre, who has taken charge of the company’s affairs.
The firm has a chain of nineteen offices in Eastern cities, two offices being located in Philadelphia. The assignment is voluntary, and was caused by the bull movement on the stock market. While no figures are yet available, it is believed the failure will not prove an important one.
The West Philadelphia Title and Trust Company
The following directors of the West Philadelphia Title & Trust Company, whose terms expired, were re-elected: Alexander Simpson, Jr., Edward W. Woolman, Joseph Johnson, Peter F. Carroll and Christian G. Gross.
‘ Home Work ”
“If we are to retain your services, you must take considerably more care of your appearance,” said a bank manager to one of his clerks. “You look as if you hadn’t shaved for a week.”
“But, sir, I am growing a beard,” the man protested.
“That’s no excuse !” was the response. “You must do that sort of thing out of business hours !”—Philadelphia Inquirer.
William A. Read and Company Get City Loan
William A. Read & Co., the successful bidders for the $3,500,000 city of Philadelphia thirty-year 4 per cent loan awarded last week, are offering the bonds, together with the unsold balance of their $9,000,000 allotment out of the previous city loan, at 104interest.
A Philadelphia Visitor
Stock values have increased $200,000,000 since the election of Taft, and the country will soon forget that it has passed through a period of depression. These two statements were
HORNBLOWER & WEEKS
0Bankers and ^Brokers
Members of New York and Boston Stock Exchanges
3rd FLOOR, 152 MONROE ST. - CHICAGO
Walnut Street will have the first day and night bank in Pennsylvania before January 1st.
This announcement was made at the first annual dinner Wednesday evening in the Belle-vue-Stratford of the Walnut Street Business Association.
E. J. Berlet, president of the association and toastmaster at the dinner, made the announcement. He named Clarkson Clothier as one who is interested in the enterprise.
“Philadelphia,” he said, “will soon be able to have their checks cashed at 3 o’clock in the morning and they will come to old-fashioned Walnut Street—old-fashioned no longer—for the accommodation.”
More than 200 sat at the dinner, which was spread in the Clover Room. Mayor Reyburn made a speech which, by turns, was gay and pathetic. After he had told a joke or two he said:
“This city is good, although some try to make you change your opinion. Take the question of the street car fares. If we have disruption— I don’t mean in the organization—on this question, it is going to hurt business. The men of West Chester will tell their wives not to come to Philadelphia to shop, that the street car service is not what it ought to be.
“I want you men to trust your city officials. Speaking for myself, I want your sympathy. I sympathize with all you stand for, and will do all I can to further the interests of Walnut Street.”
Hampton L. Carson, former attorney-general of Pennsylvania, reviewed the history of Walnut Street pleasantly. Judge J. Willis Martin gave a scholarly review of the law of merchants. The Rev. Dr. Floyd W. Tomkins, rector of Holy Trinity church, told humorously of the encroachment of business on his churchly preserves and the trend of society northward to the new home of grand opera.
Thomas Martindale brought a pleasant evening to a close with reminiscences of humorous experiences in business and hunting.
Brokers Make Assignment
The firm of John A. Boardman & Co. stock brokers, made an assignment to Lincoln L.