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CHICAGO BANKER
THE
July 17, ipop]
At Par and Accrued Interest
“Mig. Robin”--His Story
Oak Park, a beautiful residential suburb of Chicago, is blessed with trees, birds, flowers, and children. Also with an authoress who has studied all in turn, and then together. For her own and other children she studied the bird language, the bird habits, and bird lore, until the story of “Mig Robin” was evolved. In a charming manner Mrs. Emma C. ('rummer has related the life story of Migrataria (Mig. for short) Robin, and her brothers and sisters. The book is for children and will help them to know and to love birds.
The twelve full page pictures, also by the author, give an added value. Read the story of Mig. Robin, even if you are “grown up.” It will take you back to barefoot days. The trials of bird life will be a revelation to all who have given the matter little thought.
Published by W. F. Crummer, 134 S. Kenilworth Ave., Oak Park, 111., at $1.00.
Bartlett’s Headquarters
The Milwaukee Chapter A. I. B. has generously given the use of their chapter rooms to George D. Bartlett, the new secretary for the Wisconsin Bankers Association, until other arrangements may be made. Mr. Bartlett will take hold of the wheel about August 1st. There remains but Iowa to come into the “permanent headquarters” field and there are plans on foot which may go through at the next convention at Des Moines.
V*
Wisconsin Burglars Again in Toils
One of the three escaped burglars being held at Sparta for the Warren, Wis., bank burglary was recaptured early this week, and the supposed leader of that gang “Jimmy McCeary,”h who has not been apprehended before, has now been captured and locked up at Sparta. The Wisconsin Association are asking the Sparta sheriff to place additional watchmen over these prisoners, or transfer them to a jail where escape cannot be made. The detectives of that association and its burglary insurance company are deserving of the highest commendation for the expense and persistence in following these burglars. These are the same gang suspected of robbing the Ladysmith Bank last fall.
The Wisconsin Association has secured aggregate sentences of 45 years for burglars convicted through its efforts during the past six months—a record not equalled by any Bankers Association, and this fact alone should secure the patronage of every Wisconsin bank for the insurance department of that association.
Redeeming Torn Currency
(Continued from page 28) ment later an officer was inside rounding up five men for a fuller explanation. It was not satisfactory and five men with six halves of three notes of national currency went to the cellroom at Harrison Street station.
Beware of torn currency in general. A bank ought not to pay it out to you for the reason that the government is so willing to exchange new currency for it. And if you have torn it accidentally yourself, you ought to save the pieces and go to the nearest subtreasury to effect the redemption.
upon to take the chairmanship of the Publicity Bureau for the September convention. He is intending to treat the matter very seriously and every effort will be given to make the big meeting in Chicago both enjoyable and profitable to the banker of the country.
FRED KENT is not such a monstrously large individual physically, but his intense activity makes up for a great deal. He had not been with the Banker Trust Company but three months when it was announced that a very much larger banking room would be necessary. The new structure will be sixteen stories, and if the travelers’ check business grows as fast as Kent hopes it may, the business will fill the entire building.
BANKS having a surplus equal to twice their capital are quite a little above the ordinary. The Girard National of Philadelphia has $2,000,000 capital, $4,050,000 surplus and nearly $42,000,000 in deposits.
Francis B. Reeve is president and Joseph Wayne, Jr., is cashier. Among other things this bank issues both American Express Company and American Bankers Travelers’ checks. This will give the public an opportunity to decide which of the two documents it prefers.
MOST bankers will remember that Nelson H. Greene is the active vice-president of the People’s Savings Bank and Trust Company of Moline, this state. This bank is enabled to pay 4 per cent interest on savings accounts and certificates and has deposits of almost $2,500,000. Nothing else could so ele-quently speak for the success of Mr: Greene’s activities in his new position.
BANK stocks sell freely on the floor of the St. Louis Stock Exchange. At a recent session, Third National and Mercantile Trust were bid up rapidly, but this did not bring out any sellers. The only trading in bank and trust stocks was confined to Title Guaranty Trust and National Bank of Commerce. The prices quoted were Third National, $325.50; Mercantile Trust, $334, with no sellers. National Bank of Commerce stock came out at $232 and Title Guaranty at $90.
WHY consolidate? Because it is so much easier to get country balances when your collections are “big.” A rb'tent detailed statement of all Chicago nationals shows $199,000,-000 due state and other national banks, against only $163,000,000 individual deposits. New York banks at the same time, says the Daily Banker, showed $443,000,000 of balances due other banks (excluding trust companies), against $772,000,000 individual deposits. St. Louis national banks showed $90,000,000 due other banks, against $75,000,000 individual deposits. As a reserve center, therefore, Chicago takes a decidedly high position, and, no doubt, its importance will continue to grow in that particular.
THE vaults of the First National Bank of Joliet are unique in their construction, as they have followed the advice of the government experts in order that their vaults may be impregnable against new and modern methods which are in reach of burglars. These vaults virtually secure them against modern cracksmen, armed with all modern apparatus and devices, such as electric tools, hydrogen blow pipe, nitroglycerine, thermit, etc. These vaults were built by the Donnell Safe Company which has been established for twenty-five years and which has executed a large amount of the bank work in Chicago and the Northwest.—The Banker.
The Bond Man.
JL. STACK, who delights to call himself • “an advertising contractor,” and who differs from most of his kind in many desirable ways, has been made a director of the National Produce Bank.
IT isn’t to be understood that because Montana will hold her state convention, August 4th and 5th, at Missoula, this year, that she is not with George Ramsey, of Helena, in his race for the chair now held by Mr. Watts. It only happened that way. Secretary Frank Bogart, who lives in Helena, promises a good program and a good time at Missoula.
BOONE, la., is sure to have a boom. Their public service corporation has reduced the price of electric power from 9 to 3 cents, and arc lights to $52.50. Street car fares are to be 5 cents, all distances and universal transfers. The bankers of the city see a vast growth in Boone industries in view of these low prices and favoring regulations.
THERE were two partial strangers noticed in the counting rooms of the Central Trust Company this week. They were: W. G. Edens, who has been spending a fortnight in Ohio and Indiana, and Vice-President Urlaub, who has been in Europe for the past two * months.
GEORGE C. COPELAND is doing the glad-hand business among the bankers of northern Illinois for H. T. Holtz and Company. This firm handles a line of securities in urgent demand by savings banks and other institutions in the smaller cities.
BANKERS intending to visit the A. B. A.
convention in Chicago this fall will be pleased to know that G. F. Emery has been elected secretary of the Chicago Bureau of Information. Other members of the committee are: S. R. Flynn, chairman; G. B. Smith, H. C. Y'ernon, D. V. Webster, and N. N. Lam-pert. The duties of this bureau of information will cover hotels, taxicabs for seeing Chicago, tours of the parks, railroad and Pullman tickets, lake steamers, and public buildings.
׳"PHIS committee will be very valuable to all ■l the Chicago visitors. A part of the business will be to see that guests of Chicago get everything they are entitled to and pay nothing more than it is worth. The headquarters of the committee will be in the Auditorium Hotel, close to those occupied by Secretary Farnsworth. Bankers may address any member of the committee for information.
THE First Trust and Savings Bank of Oakland, Cal., has been in existence but one year and can show deposits of nearly $1,000,-000. This bank is a branch of the First National of Oakland, and is a further vindication of the advisability of banks equipping to handle both commercial and trust company business.
CASHIER HENSCHEN of the State Bank of Chicago has sent out a very neat card announcing the fact that his bank has just passed the $20,000,000 mark in deposits. The announcement is dated June 24th.
IT is said that Frank Brundage liked the scenery so well out at Seattle that he remained in that section of the country for a couple of weeks after the tri-state convention had closed. He has been a very useful man to his employers and it is no secret that a rival concern is carrying on a very urgent flirtation with him.
BESIDES being very busy consolidating with another bank, George E. Roberts, of the Commercial National, has been prevailed