[Volume XXV
THE CHICAGO BANKER
16
MODERN LIFE INSURANCE
Buy your Life Insurance as you would a suit of clothes — strictly on the merits of the Policy contract
THE SAVINGS BANK SYSTEM
When you buy a Pioneer Policy, you are guaranteed in that policy an exact accounting for every cent of your premium payment. That portion which has not actually been consumed in carrying the risk is your money, subject to your instant demand—it may be withdrawn in cash or it may be used in buying paid-up insurance, as you may elect. In the event of lapse and the absence of an express desire on your part as to the disposition of your funds, the Company automatically carries your Policy in full force for a period as long as the amount on deposit will pay for at net cost; and a table of these costs is given in the Policy—a feature no other policy in the world affords.
The desire for a '‘square deal" is as much sought in life insurance as in any other business transaction. Let our agent tell you about the Savings Bank System—where life insurance becomes a saving and not an expense.
THE PIONEER LIFE INSURANCE CO.
GEO. L. COLBURN, President
Pekin, Illinois	-	-	-	U. S. A.
YOUR ACCOUNT
will be handled in the most careful and intelligent manner. Collection facilities excellent.
THE NATIONAL CITY BANK OF CHICAGO
OFFICERS
DAVID R. FORGAN, President	L. H. GRIMME, Asst. Cashier
ALFRED L. BAKER, Vice-Pres. F. A. CRANDALL, Asst. Cashier H. E. OTTE, Cashier	W. D. DICKEY, Asst. Cashier
R. U. LANSING, Manager Bond Department
TOTAL RESOURCES OVER $10,000,000.00
CAPITAL
$600,000.00
SURPLUS and PROFITS $ I ,600,000.00
RESOURCES OVER SEVEN AND ONE-HALF MILLIONS
RESERVE BALANCES AND COLLECTIONS SOLICITED
PITTSBURGH, PA.
		OFFICERS I
Wl	LLI	AM PRICE, PRESIDENT
D.	C.	WILLS, CASHIER
W.	O.	PHILLIPS, ASS'T CASH.
c.	W	ARNOLD, ASS T CASH.
ing and Monroe Street bridge and use it as a part of the proposed civic center at this point, and then, when the government needs more room let the city sell to the government' as much land as it needs adjoining the federal building for $400,000. By that time the value of the property in the district will have increased enough to warrant the city’s asking such a price.”
W. D. Vincent on Apple Show
W. D. Vincent, cashier of the Old National, who is treasurer of the National Apple Show, Inc., with a capital of $100,000, declared that the National Apple week, observed in Spokane, December 7th to 12-th, when growers from 37 states in the Union, four provinces in Canada, England. Germany, France, Norway and Japan competed for premiums aggregating $35,000. will do more than anything else ever attempted by Spokane to attract the attention of the world to the resources and possibilities of the Spokane country and the Northwest. Eighty-five thousand square feet of space was devoted to display the apples and there were thousands of visitors from various parts of the world. President Roosevelt opened the exposition by telegraph from the White House at 10:30 o’clock the morning of December 7th. Banking Notes
Vollmer State Bank at Vollmer, Idaho, has taken possesion of its new brick building. The new quarters are handsomely furnished and the finishing of the interior of the banking rooms is artistic.
By the adoption of a new charter at a special election, the city of La Grande, Ore., will have a water system costing $160,000. The bonds were sold pending the outcome of the election.
stood by the members of the Spokane Merchants’ Association that the railroads have at various times promised that no change in freight rates would be .made until after a decision in the Spokane case now pending before the interstate commerce commission.
The Hillyard Banks
Hillyard State Bank at Hillyard, a suburb of Spokane, reports deposits of $158,016.32, an increase of 25 per cent over a year ago. First National, which opened September 16th. had on deposits amounting to $6,247.76 on September 23d, and these increased to $29,112.52 in December, a gain of 366 per cent in 60 days. The State Bank did not seem to notice the coming of a new bank as the November deposits were an increase of 6 per cent over those of October. The receipts of the postoffice in November, 1908, show an increase of 24 per cent over a year ago. Residents of the town are boosting in every way and their work is telling. Twelve miles of streets, 14 miles of cement sidewalks, and two business houses have been built during the year, and three Others are nearing completion. The teaching staff of the schools has been increased from eight to fifteen and two buildings have been erected, hive hundred and thirty-five pupils are enrolled.
Spokane Bonds
Aubrey L. White, president of the Spokane park commission, is advocating a plan to float bonds to the amount of $400,000, the money to be used in buying property to build a civic center. The project meets with favor in all parts of Spokane. He said of the plan :
“Let the city of Spokane purchase the land on Riverside Avenue, between the federal build-
Spokane, December 17.—State Senator W. H. Paulhamus, of Sumner, said while attending the National Apple Show in Spokane this week, that he is preparing for early introduction to the legislature in January a bill covering the guaranteeing of ¡Dank deposits in the state of Washington, adding that in his judgment it is one of the necessary laws to be enacted at the coming session. Mr. Paulhamus also expressed himself in favor of laws to protect the manufacturers against the so-called ambulance chaser, also amendments to the direct primary election law. One of these, he said, is to register every voter and that at registration each shall designate his party affiliation, thus compelling the elector to vote as he is registered. In this way electors who register as independents are not entitled to vote in the primaries of the republicans or democrats, which parties, he added, should be entitled to name their own candidate. Adopt Resolutions
Shippers in Spokane, headed by A. W. Do-land, president of the Merchants’ Association, have adopted resolutions protesting against the increase in freight rates of from 5 to 10 per cent on most commodities, effective January i, 1909. Copies of the protest will be sent to the Interstate .Commerce Commission, and the railroads doing business in this city. The resolution says that as this city is already burdened with hugh and unjust rates the contemplated advance will add another burden of many hundreds of thousands of dollars to the people of the city and district. If this protest is not heeded, the resolution says, the association will invoke the aid of the federal court to restrain the railroads from enforcing the rate. Mr. Doland declares it has been generally under-