[Volume XXV
THE CHICAGO BANKER
10
The Wisconsin National Bank
OF MILWAUKEE
CAPITAL -	$2, OOO, 000
SURPLUS -	1,000,000
OFFICERS
L. J. PETIT, President	HERMAN F. WOLF, Cashier
FRED'K KASTEN, Vice-President	L. C. BOURNIQUE, Asst. Cashier
CHAS. E. ARNOLD, 2nd Vice-President	W. L. CHENEY, Asst. Cashier
WALTER KASTEN, Asst. Cashier
DIRECTORS
L. J. Petit	Frederick Kasten	R. W. Houghton	Oliver C. Fuller
Herman W. Falk	Ceo. D. Van Dyke	Custave Pabst	Charles Schriber
Isaac D. Adler	Frank L. Vance	Patrick Cudahy
Wisconsin Trust Company
MILWAUKEE
CAPITAL	-	$500,000
SURPLUS -	100,000
OFFICERS
OLIVER C. FULLER, President	CARDNER P. STICKNEY Treasurer
FRED’K KASTEN, Vice-President	FRED. C. BEST, Secretary
R. L. SMITH, Asst. Secretary
DIRECTORS
L. J. Petit, Chairman Frederick Kasten R. W. Houghton Oliver C. Fuller Herman W. Falk Charles Schriber Gustave Pabst Gardner P. Stickney Isaac D. Adler	Frank L. Vance Patrick Cudahy
Michigan for the period ending November 27, 1908, was issued Wednesday by the commissioner of banking, H. M. Zimmermann.
The cash reserve of Michigan state banks on said date amounted to $14,654,289.93, constituting a cash reserve of seven and one-tenth per cent.
Banking Notes
The First State Savings Bank of Bronson reports capital of $50,000, and deposits of $100,-000. Richard Coward is president; J. E. Watson, vice-president; Burton P. Taggart, cashier, and Cicero J. Holmes, assistant cashier.
The Farmers and Merchants Bank of Chelsea reports capital of $25,000 and deposits of $70,000. J. F. Waltrous is president; Peter Merkel, vice-president, and P. G. Schaible, cashier.
The new Bank of Fountain reports the following officers: A. E. Cartier as president, and L. B. Foster, cashier.
The State Savings Bank of Rennus reports capital of $25,000, with the following officers; William J. Orr as president, William H. Wallace, vice-president and Geo. Bilbrough, cashier.
V»
New Arizona Officers
The following are the new officers for the ensuing year for the Arizona Bankers Association: President, M. J. Cunningham, cashier of the Bank of Bisbee; vice-president, C. A. Van Dorn of the Gila Valley Bank and Trust Company of Clifton; secretary, Morris Goldwater, Bank of Arizona, Prescott; treasurer, Lloyd
B.	Christy, Phoenix; executive committee (two years’ term) J, G. Spangler, Mesa, chairman ;
C.	O. Ellis, Douglas; P. Greer, Globe; (three years’ term), Doane Merrill, Benson; Herbert B. Tenney, Tucson. The next meeting will be held in Globe.
bond officer of the Union Trust Company of Detroit.
Springport State Bank Affairs
Henrj׳■ P. Fogelsang, cashier of the closed Springport State Savings Bank, was arraigned in Justice Russell’s court last week, charged with making false entries on the books of the bank. He demanded an examination, which was set for December 31st. His bail was fixed at $8,000.
Fogelsang said that President Joy of the Springport Bank and one or two other directors had promised to go on his bond. Fogelsang has promised to go over the books of the bank with the officials as soon as he is released.
At the jail Thursday afternoon, Fogelsang, at his own request, was permitted to visit with William H. Burletson, the Parma banker, accused of a similar offense, who has occupied a cell for several months. They discussed financial matters, it is said.
Michigan Banks
An abstract of reports of the condition of 350 state banks and six trust companies in
the OLD
National Bank Spokane
CAPITAL $500,000
III......... OFFICERS ............ ■
O- W. TWOHY, President
T. HUMBIRD, Vice Pres. W. O. VINCENT, Cashier W. J. KOMMERS,	«1. A. YEOMANS,
ASSISTANT CASHIERS
Michigan Banking News
State Banking Commissioner Zimmermann, in an interview, declares that he is opposed to the postal depositary bill as it is now framed. The section which he finds most objectionable is the one providing that all money collected by the postal depositaries shall be deposited in the nearest national bank, to the exclusion of all other banks.
“There are 351 state banks in Michigan, and 95 national banks,” said Commissioner Zimmermann. “In case of financial disturbances this would mean that the postal depositaries would collect large sums from all banks, both state and national, but as soon as this was collected, it would promptly be turned over to the national banks. Thus 95 banks would profit at the expense of the other 357.”
“If this measure is passed, it should provide that state as well as national banks may become the recipients of postal depositary funds.”
The Farmers State Bank of Webberville
The Farmers State Bank of Webberville, Ingham county, filed articles of association with the state banking commissioner last week. The capitalization is $20,000 and the institution takes over the property and business of C. D. Stanley, who has been conducting a private bank in Webberville for two )rears. The election of a president was deferred until the regular annual meeting in January. Other officers are: John R. Dunn, vice-president; John Marshall, ’cashier, and W. T. Bradford, auditor. The directors are J. M. Bradley, W. S. Earl, James Fraser, James Little, Leslie E. Ling, John R. Dunn and Tohn Marshall. All the officers and directors live in Webberville, except Mr. Bradford, who is the