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THE CHICAGO BANKER
July 24, 1909]
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why New York savings banks can pay 4 per cent on deposits when call loans in New York go at per cent, at the same time the Chicago savings banks only pay 3 per cent with call loans in Chicago at 4per cent. Why does coal go up 10 cents per ton per month will be the next problem.
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would be called “magnates.” As it is they are not going so slow. They are buying country banks now, wholesale, the last purchase being “four en bloc” as the automobilist would say. When you hear of anything in their line just call them up.
age the affairs of their association. They are to be congratulated on being able to obtain the services of so able an organizer as George D. Bartlett, who has demonstrated his ability along this line by organizing the group system in Wisconsin and later by making good in handling the insurance department of the association.—Commercial West.
Flyer from Clinton demolished the crack racer on which the Ft. Madison sports lost so many megs? The river poet, J. A. S. Pollard, is preparing for the Taft arrival, but will wear crape
for the dead hopes of his townsmen.
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of a funny moving picture show under proper circumstances. The “circumstances” were the seats of a Chicago street car filled with big-hatted shoppers. The crabs had escaped from the pocket of a boy bent on building an aquarium. Some of the ladies still are up in the air over it.
not to be a candidate for re-election at the Decatur convention, several new candidates had appeared. One “long distance” tip is that R. L. Crampton ought to have it if he wants it. Get busy now, everybody.
The Bond Man.
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President F. E. Lyford for the presidency, and Bradford Rhodes, also a committee nominee, went down before the insurgents. This only has happened in two other states this year but has been threatened in several.
ILLINOIS has a scrap on for Danville over the “Phillips amendment,” so-called, which was introduced in the Chicago convention last year. This move is not against any particular state but rather against the slate makers. If adopted, it will cut off from the council about twenty ex-presidents and will put the group chairman in the saddle, in council matters. Several groups have endorsed the amendment and it will have strong support.
MR. PHILLIPS knows the ropes himself, and is being supported by the “inactive” ex-presidents to a man. There will be no committee references, he says, and no packed seats. He means to fight fair and insists in being fought in the same way.
WE. WILSON, cashier of the Farmers • State Bank, Washington, Kan., is the secretary of the new association organized by the state bankers of his state. There are hopes that they yet will organize as a section of the regular association, but at present “the fight is on” between guaranty and non-guaranty bankers.
FOR market conditions see an article in this issue by the Market Chart Co. of this city, a reliable and worldly wise concern, in the business of “reading the future” of prices, crop conditions, market trends, etc. Careful study will add to one’s stock of information on any subj ect.
WE hear that H. P. McIntosh, head of the trust company section, and of the Guardian Savings and Trust Company, Cleveland, is and will be touring Manitoba until September 1st.
JG. SCHNEIDER of the German American • National, St. Joseph, is in Europe, to return about September 15th.
WALDO NEWCOMER, president of the National Exchange Bank of Baltimore, is touring Europe in an automobile. His office door bears a card “Back about September 10th.”
At Par an
THE Trust Company Section program for the Chicago meeting is in the capable hands of Chairman of the Executive Committee Oliver C. Fuller, of Milwaukee. Most of the important matters have been settled. E. A. Potter will welcome the visitors. Vice-President Sherman is coming and D. S. Rem-sen, attorney, of New York, will contribute a paper on “Post-mortem Conservation of Wealth.” The whole thing looks good and Mr. Fuller is to be congratulated.
IN the Savings Bank Section, Secretary Han-hart hopes to report 1,800 members, at Chicago. His program, as usual, will be complete with a pink ribbon on it, long before the date arrives. Nothing ever is late in his hands. He secures and puts in type all the speeches in advance. Hope in time to see other secretaries “down with the same complaint.”
MR HANHART was told by his section to make a few speaking dates for Mr. Teter, chairman of the commission on postal savings banks, at the state convention. That versatile gentleman has spoken twenty times—no two alike—and the season is early yet. Mr. Han-hart’s statistics on savings in America puts other nations back on the shelf where they belong, puts Meyer in a hole, and has caused financial papers, editors, orators and congressmen to sit up and ask for a second helping. Hanhart is a daisy!
CH. BOTHWELL has resigned the cash-• iership of the First National at Flora, 111., and C. E. Hemphill has been elected to the vacancy. Mr. Bothwell is going into business in East St. Louis. Mr. Hemphill was assistant cashier.
Almost at the same time the directors of the Bank of Flora met and elected J. E. Gibbs, of Clay City, as cashier to fill the vacancy caused by the resignation of H. C. Michels. Mr. Gibbs has been in the banking business for seventeen years, most of the time in connection with the Clay City institution and is prominently connected with some of the best families in that section.
NEW York state bankers are a bit more independent than those of other states one might mention. They broke the slate completely at Saratoga, defeating retiring Vice-
Small Coin Needed
Passports are essential to any traveler proceeding into the interior of China and are supplied at the various consulates, says the Shanghai Mercury. But money difficulties in China are not trifling. Dollars—that is, the silver dollar, or tael—ceases to be current after Ichang, so that it is necessary when traveling long distances into the interior to take a draft on one of the Chinese banks. The compradore at the Chartered Bank at Hankow saw to this for us and presented us with the amount required by a draft on the Shansi Bank and its branches in provinces through which we are traveling.
Hupeh silver dollars were also taken, which at Ichang and beyond could be converted into “shoes.” A “shoe” is a lump of silver from which pieces must be chipped as we proceed on our journey. Lastly a quantity of cash, a cash being a brass coin with a hole in it, a thousand being equal to about half a crown, would be forthcoming for hupeh dollars, most cumbersome but necessary coins for paying coolies, boatmen, and innkeepers.
In-Mail: First National Review
Young Evans is a likely lad.
His smile is big, his hand is glad,
He wears a sign that all may see:
“From old Missouri, please show me.”
To Simmons was assigned the fun Of showing him how banks are run.
He took Missouri by the arm And started around the In-Mail farm.
They heard Kuhn talk on Mansfield’s plays, Saw Peterson run three relays,
Watched wily Wilson fix machines And tried Pat Lynch’s pork and beans.
The gallant “Country Totals” bunch Was planning out a German lunch;
“Bill” Hersey thought red hots would do, While Hanson favored Irish stew.
A band was playing in the park;
“I love the Day, but Oh! you Dark!”
Young Evans cried: Oh what is that?”
It was the band on Swanson’s hat.
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J. B. Harmon succeeds J. B. Stokes as president of the First National, Baird, Tex.
“Lorimer of the Northwest”
Harold Bindloss has given his admirers another thrill in his “Lorimer of the Northwest.” His “Delilah of the Snows” and “Winston of the Prairie” were tales of the wild western life, but coupled with the oldest of human problems. This time he takes his readers up into the Canadian Northwest, for an outdoor tale of the cleanest and finest kind. There are no problems, nothing unreal, no neurotic characters. But there are cattle thieves, storms, mountain slides, dangers, and a patient, strong conqueror of all difficulties in Ralph Lorimer. It is one of the best of this summer’s novels.
Published by Frederick A. Stokes Company, New York, at $1.50.
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Bank Shares Assessed 100 Per Cent
Baltimore, July 19.—The Canton National Bank has assessed all shareholders 100 per cent on their holdings to make good the losses sustained by the embezzlement of the cashier of the bank, J. W. H. Geiger, who has since committed suicide.