[Volume XXVII
THE CHICAGO BANKER
6
had only 15 stars and 15 stripes, although there were 17 states, in 1810, when this Bank was started. It is now 99 years since The Bank of Pittsburgh was founded, and it has been in continuous existence ever since, uninterrupted by the violent financial disturbances
“OLD GLORY״
of the past century, and constantly increasing its resources and ability to serve its patrons.
It desires to extend its collection facilities and its business with other banks and invites correspondence.
J. D. AYRES, Assistant Cashier GEO. F. WRIGHT, Auditor
Capital and Surplus $5,400,000.00
J. M. RUSSELL, Assistant Cashier
OFFICERS W. F. BICKEL, BCashier
Xt\e

WILSON A. SHAW, President HARRISON NESBIT, Vice-Pres.
marvelous resources of the Inland Empire in which Spokane will always stand as the dominating metropolis.
“It had sometimes occurred to my mind that having seen the exhibition of grain, fruit, mineral and timber in Spokane’s natural territory, the second visit would not be so overpowering in its surprises, yet a city that can in the few years of its existence accumulate a population of more than 100,000 with a per capita wealth greater than any other western city, and at the same time develop the natural resources of a great stretch of fruitful territory, will probably have new surprises that will be just as astounding as those experienced a year ago and to-day.”
A. A. Kraft, president of the A. A. Kraft Company, responded to the toast, “Our Merchants,” in which he paid a splendid tribute to the men who are assisting in building up this district. He was followed by R. Insinger, manager of the Northwestern & Pacific Hypotheekbank and chairman of the board of control of the National Irrigation Congress, which will have its seventeenth session in Spokane, August 9th to 14th. He told of the important work that is being done by this organization and closed by inviting the Chicagoans to send a strong delegation to the meeting.
Edwin T. Coman, president of the Exchange National Bank, discussed briefly the financial interests of Spokane, saying that the various institutions in Spokane have a banking capital of $5,000,000, deposits of approximately $25,000,-000, while the clearings last year were $307,000,-000 with indications they will be much larger in 1909. He suggested the establishment of a central bank in Chicago, which, he said, is near the center of population of the United States, and pledged the support of the local banks in such a movement. This statement was greeted with prolonged cheers by the visitors, who were joined by the entire party.
Edwin Sherman, vice-president and treasurer of Guthman, Carpenter & Telling, who was assigned to speak on “Market Co-operation,” said in a happy address that he found the business men of Spokane could give him pointers on the subject, “so,” he added, “I tore up the speech I had prepared.” In its stead, he gave his impressions of the wonderful development and the rich resources of the Inland Empire, which, he said, are not equaled in any other similar district in the world.
“We are here to learn and we have learned fast to-day,” Mr. Sherman added. “There is just one phase of the matter of which I desire to speak in particular and that point I will drive home to every man in hearing to-night, Spokane and Chicago man alike. It is this : The civic pride of Spokane is hard to beat, and with continued teamwork on the part of the entire city, backed by such an able organization as this city has in its Chamber of Commerce, it has the making of the Chicago of the West from an inland standpoint.”
H. L. Moody, president of the Moody Land Company, told of the production of a crop of 100,000,000 bushels of grain, of which 40,000,-(Continued on page 15)
Returning, the visitors inspected the commodious quarters of the Spokane Amateur Athletic Club, also visiting the various banks and business houses, after which there was a reception in the rooms of the Spokane Club, where 400 representative business men were gathered. The envoys met many with whom they had been doing business for years and a pleasant hour was passed in social intercourse.
The climax of the day’s entertainment was reached at the banquet by the Chamber of Commerce and the Merchants’ Association in the Hall of the Doges in the evening. E. F. Waggoner, chairman, and members of the entertainment committee, provided a sumptuous feast and the occasion was enjoyable from the oyster cocktails to cigars. Mr. Goodall was toastmaster, the vice-chairman being Edwin T. Coman, president of the Exchange National •Bank; David T. Ham, realty dealer; R. Lewis Rutter, manager Spokane & Eastern Trust Company; F. R. Culbertson, proprietor Wonder Store; Samuel Glasgow, manager of the Centennial Mill Company and Rev. Dr. William J. Hindley, pastor of Pilgrim Congregational Church and chaplain of the Chamber of Commerce.
Harry A. Wheeler, president of the Chicago Credit Clearing House, responded to Mayor Nelson S. Pratt’s words of welcome and outlined the purpose of the trip, which, he said, he hoped would be repeated again and again. He added:
“Gracious as has been the hospitality received throughout North Dakota and Montana, it is with a sense of pleasurable anticipation that I approached Spokane, with a vivid memory of my visit to this city in July, 1908. That day was memorable for its surprises, not in the cordiality of the reception, for the cordial spirit is the spirit natural to Spokane; but in the exhibition of the
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Chicago Envoys Visit Spokane
Thirty-seven bankers, manufacturers, jobbers and merchants, representing the Chicago Association of Commerce, composed of 3,00 business firms and 10,000 active members in its various divisions, passed 15 happy hours in Spokane on J une 4th, as guests of the Chamber of Commerce and the Merchants’ Association, on their trade extension tour ■of the Northwest, beginning May 31st and closing June 17th. There were two receptions, a “Seeing Spokane” trip, a luncheon, an excursion through the Spokane valley to Lake Coeur d’Alene, Idaho, and a banquet at which felicitations were exchanged until a few moments before midnight, when guests and hosts joined the Elks quartet in the singing of “Sunny Old Spokane.” The visitors continued their journey westward deeply impressed with the substantial growth and rapid progress of the city and the marvelous development of the Inland Empire, with its practically limitless mineral, forest and agricultural resources.
The purpose of the tour was to secure general benefits to the manufacturers and business men of Chicago and the middle west and the jobbers and dealers of the far west—a better understanding of trade relations. No business was solicited and no promises of trade were made, but it is generally believed that the visit of the Chicagoans will be of mutual benefit in many ways. The Inland Empire affords practically virgin markets to the manufacturers in the eastern, middle-western and southern states, while it is seeking wider markets for its natural products. The settlement and development of the lands in this district and, in fact, the entire Northwest, will mean millions of dollars annually to the manufacturers and jobbers east of the Rocky mountains as well as to those on the Pacific coast, and !will result in supplying the East with food stuffs and fruits, lumber and minerals. The Northwest requires only settlers and capital to develop its resources; the trade possibilities are so vast that the human brain cannot comprehend them in their entirety.
From the time of their arrival at 9 o’clock in the morning the Chicagoans enjoyed a continuous round of pleasure. Following the roll call by Charles W. Mott, general emigration agent of the Northern Pacific Railway Company, the party was whisked in automobiles through the residential and business districts and Fort George Wright under the guidance of L. G. Monroe, secretary of the Chamber of Commerce, and A. A. Kraft, acting president of the Merchants’ Association, after which the visitors inspected the permanent exhibit of the district’s resources in the rooms of the Chamber of Commerce. This was followed by a luncheon in the Moorish room at the Hotel Spokane, where 150 representatives of local financial, commercial and industrial enterprises, headed by Frederick E. Goodall, president of the Chamber of Commerce, welcomed the visitors.
After the tempting menu had been discussed, Mr. Mott, acting as master of ceremonies, marched the party to the Terminal station, where a special train was boarded on a trip through the Spokane valley to Lake Coeur d’Alene, 34 miles.