THE CHICAGO BANKER
July 24, 190p]
Wm. G. Edens
The versatile William G. Edens, “the banker” without the title, has been given one. In recognition of his services the directors of the Central Trust Co. have elected him to be assistant secretary and doubled his salary, which, to him at least, is the more important. Once Edens was placed in nomination for some office in the Chicago Group of Illinois bankers, a system for the introduction of which he largely is responsible, and some one “with a mean disposition” objected. The objection was that he was not eligible, not being a bank officer. “I’m eligible all right,” said Edens, “but I don’t want the office. How do I know? I know because I wrote the constitution and took care that I wasn’t disqualified.” It raised a laugh, but it was true. All will be pleased at his advancement, so well
Banking Interests Fear Inflation
Washington, July 19.—Serious danger is feared by important banking interests in case the treasury department should allow itself to be tied up by the tariff conferees with bond legislation of an unfortunate type. The thing that is now dreaded is that the department may be hampered and crippled by some Aid-rich policy in such a way as to prevent it from adopting the wisest course as to new loans and to compel it to follow a plan that will result in continued inflation and consequent loss of gold to foreign countries.
old firm has many friends who regret their retirement from the field.
A. B. A. Invited to Visit Yards
The leading packing companies of Chicago have asked the local committee having charge of the entertainment of the American Bankers Association at its September meeting in Chicago, to arrange for a trip by the visiting bankers to the plants at the stock yards. They offer to provide a special train from down town to carry the guests, to conduct them through the plants, and serve a luncheon at the yards. The entertainment committee has accepted the invitation, and this feature of the program will be carried out on Thursday, the 16th.
Banker Governor of Kansas Canonized
It is a grand accomplishment of William Allen White of Emporia, Kas., editor and novelist, to indirectly canonize Banker-Governor Stubbs, who is also indigenous to Kansas. Touring Europe, standing before the famous “Four Temperaments” of Albrecht Durer in the Munich Gallery, beholding the master’s ideals of the four saints, John, Peter, Mark, and Paul, Mr. White discovered that St. John, as Durer saw him, is the exact counterpart of Stubbs, “a man full of man’s weaknesses and faults, but a rabble-rouser and a crusader; frame of a giant, blue-eyed, fine-featured, the spit and image of Stubbs.” The author imagines from this that Durer may have had for his model of. St. John some ancestor of Stubbs in Holland.
NATIONAL STOCK YARDS NATIONAL BANK
An institution with ample capital offers perfect service to Bankers interested in live stock business at the St. Louis National Stock Yards
NATIONAL STOCK YARDS	-	־	-	ILLINOIS
Peoples Savings Bank & Trust Co.
Capital and Surplus, $285,000 Deposits, $2,317,110
Solicits Accounts and Collections from Banks, Firms and Individuals on Favorable Terms.
0. W. LUNDAHL, CA8H. AND SCO.
NELSON H. GREENE, VICE PRE8.
WM. BUTTERWORTH, PRES.
Forbes and Fletcher Buying Country Banks
Woodhull, 111., July 19.—A business deal of considerable importance was consummated here last week when John Taze & Son sold their four banks, the Alpha Exchange Bank of Alpha, the Peoples Bank of Woodhull, the Bank of Rio of Rio and the Farmers Bank of Ophiem, to R. T. Forbes and John Fletcher, president and vice-president, respectively, of the Drovers Deposit National of Chicago, and W. C. Stickney of the Farmers Bank of this place. The deal had been under headway for two or three weeks, but was not brought to a close until Friday when possession was given.
The new proprietors are men of financial strength and business ability. Mr. Forbes and Mr. Fletcher are powers in Chicago’s banking circles and are known throughout the middle
R. T. FORBES
Chicago
West for their progressive and substantial policies. Of Mr. Stickney’s standing little need be said. He is a man of absolute integrity and is recognized as a trustworthy and substantial business man, who enjoys the confidence of everyone who has had dealings with him during the many years he has been in the banking business.
The banks at all these places will be continued by the new proprietors along conservative lines, and with added strength and greater facilities, are in the best possible shape to serve their patrons.
John Taze, and son, W. I. Taze, have been in the banking business twelve years. They first started the Alpha Exchange Bank and a few years ago opened the bank at Rio. During the past year they added to their holdings by opening the Woodhull and Ophiem institutions. All these banks enjoyed a steady growth from the first and have well served the communities in which they are located. The