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THE CHICAGO BANKER
July 10, /pop]
William A. Tilden President
Nelson N. Lamport Vice Prest.
Henry R. Kent Cashier
George H. Wilson Asst. Cashier
Charles Fernald Asst. Cashier
Colin S. Campbell Asst. Cashier
NATIONAL
MONROE AND CLARK STREETS
c h i c a e o
Capital, $1,000,000 Surplus and Profits, $400,000
Your Business Solicited
THE
LIBERTY NATIONAL BANK
OF NEW YORK
CAPITAL, SURPLUS AND UNDIVIDED PROFITS
S 3,500,000.00
FREDERICK B. SCHENCK, President
CHARLES W. RIECKS Vice-Pres. & Cashier
FRED’K P. McGLYNN Ass’t Cashier
HENRY S. BARTOW
Ass’t Cashier
DANIEL G. REID
Vice-President
ZOHETH S. FREEMAN
Vice-President
HENRY P. DAVISON Chairman Ex. Com.
convention at Seattle. Joseph Chapman, Jr., went to Seattle also where he addressed the clerks’ convention and took in the tristate meeting as well as the exposition. H. A. Willoughby of the First National left for the West earlier than the other bankers. He went to Seattle.
Joint Group Meeting
At a joint meeting of the bankers of Group One, Minnesota, and Group Seven, Wisconsin, on June 4th, officers were elected for Minnesota as follows:	President, F. W. Beach,
Lyle; vice-president, George F. Pfferkorn; secretary-treasurer, E. E. Shepard; executive committee, W. E. Hanson, Lanesboro, and Alfred Christopherson.
Wisconsin officers:	President, Frank Drew,
Tomah; vice-president, William Givler, Sparta; secretary-treasurer, S. W. Brown, West Salem; executive committee, F. H. Han-kerson, La Crosse, and C. E. Wolfenden, Wo-newoc.
O. M. Green of Winona read W. D. Willard’s paper on “Country Clearing House Association.” S. A. Rock of Blooming Prairie, read a paper on “Real Estate Mortgages as an Investment for National Banks.”
G. H. Prince Returns from Automobile Trip
G. H. Prince, vice-president of the Merchants National, St. Paul, has returned from an unusual automobile trip of i,ooo miles across Oregon, with a party of bank director friends and others. The trip took eleven days. The automobile was taken at Bend, and the tour was on the edge of the desert to Ontario. One of the party spied a ten-team wagon and asked permission to photograph it. Six tons of freight were on the wagon, d he driver allowed that the men could take a picture. When the camera was snapped the three forward pairs of horses took to the mountains. They were caught much the worse for wear. The driver said he hoped the pictures would be good as they cost him $12. The bankers have sent the developed prints on to him. Mr. Prince says the country is an unbroken succession of mountains and sage brush. Provisions were carried on the trip and the party camped out most every night.
Minneapolis Bonds on the Market
Bonds to the amount of $760,000 are to be marketed by Minneapolis. They will bear 4 per cent interest and will run for thirty years from July 1st.
panies, 266 national and 640 state institutions. Of the 924 eligible associations 800 are members of the state association. Three hundred and twenty-five of the banks are members of the A. B. A. and Mr. Frost urged that this be increased to 500 members.
Bank Clerks Visit Twin Cities
The total eclipse of the sun arrived coincidentally in St. Paul and Minneapolis with the eastern and southern bank clerks who were bound by special train for the Seattle convention. St. Paul’s chapter captured the visitors first and at noon at the boundary line turned them over to the Minneapolis clerks, who saw them off on the special train over the Northern Pacific road at 10:30 p. m., June 17th.
Indian Mounds Park was the first beauty spot displayed to the amazed visiting clerks by the St. Paul men. Como Park and the new capitol followed in rapid succession; then a luncheon at the Town and Country Club, a Twin City organization standing on the banks of the Mississippi river. Naturally Minnehaha Falls was the first point displayed in Minneapolis and then the clerks were taken for a walk through the banking district, made up mostly of new banks or bank buildings. From the financial center a rapid trolley spin was taken to Lake Minnetonka where the wreck and ruin left by the state bankers in their whirlwind convention was observed. After a boat tour, dinner was served in the famous I onka Bay hotel, the scene of the recent state convention, and around which hang the memories of the annual convention of the A. I. B. a few years ago.
The Minneapolis men would not let the visitors go West without escort so they sent along George H. Richards, member of the executive committee of the institute, who read a paper at the convention; president and delegate-at-large, Gray Warren of the First National, and the following satellites:	First
National, L. F. Ainsworth, and A. H. Atkins; Security National, С. B. Brombach and J. P. Brombach; Northwestern National, E. C. Phinney, E. S. Jones, H. C. Libby, J. C. Thompson, Joseph Cameron.
Minneapolis Bankers Attend Tri-State Convention
Joseph Chapman, Jr., George F. Orde, Perry Harrison, and J. S. Pomeroy are Minneapolis bankers who have fled to Lake Minnetonka for summer residence. Mr. and Mrs. Pomeroy went West to attend the tri-state bankers’
is dead. Mr. Bobleter worked* up to the last. He had been mayor, state treasurer four terms, and colonel of the third regiment of state militia. He became associated with the bank in 1892.
Benson Banker Buys Minneapolis Home
H. W. Stone, banker at Benson, Minn., has bought the house of Wallace Campbell, former president of the People’s Bank, and will move to Minneapolis. Mr. Campbell has bought other property.
Read & Company Awarded Bonds
William A. Read and Company was awarded $760,000 Minneapolis bonds on a bid of $773r 824, or $101,819 for each. The premium reduces the interest to 3.9 per cent. Other bidders were: E. H. Rollins & Sons, Chicago, at $101.07; Estabrook and Company, Boston, $101.29; St. Anthony Falls Bank, Minneapolis, $102.98, for $200,000 school bonds; First National, $101 for $100,000 school bonds.
Former Banker Convicted
Arthur Z. Drew, formerly banker at Hamline, St. Paul, has been convicted of receiving a deposit when he knew the Bank of Hamline was insolvent. Mr. Drew was formerly^ a professor at the Hamline university and got into the banking business incidentally. A motion for retrial was made on the ground that the evidence did not justify the verdict.
News of Crops
Northwestern bankers continue to be the Minneapolis bankers who watch the crop barometer as closely as they do the credit indications of borrowers. F. M. Beach, cashier of the First National at Lyle, Minn., says that grain is doing well in his territory; L. О Thorpe, president of the Kandiyohi County Bank of Willmar, Minn., reports the outlook good in six counties; George Dunton of the First National at Webster, S. D., reports conditions in the state good; W. K. Coffin of the Eau Claire National, Wis., says that business is good in the central and northern part of the state and the crops promising.
Executive Council Meeting
Two meetings were held by the executive council of the Minnesota Bankers Association on the night of June 12th and immediately on adjournment on Tuesday noon.
Figures presented by Secretary Frost showed gains in Minnesota banking. At present there are 924 banks in the state, as follows: Three private, eleven savings banks, four trust com-