[ Volume XXVII
THE CHICAGO BANKER
10
The Wisconsin National Bank
OF MILWAUKEE
CAPITAL -	$2, OOO, 000
SURPLUS -	1,000,000
OFFICERS
L.J. PETIT, President	HERMAN F. WOLF, Cashier
FRED’K KASTEN, Vice-President	L. G. BOURNIQUE, Asst. Cashier
CHAS. E. ARNOLD, 2nd Vice-President	W. L, CHENEY, Asst. Cashier
WALTER KASTEN, Asst. Cashier
DIRECTORS
L.J. Petit	Frederick Kasten	R. W. Houghton	Oliver C. Fuller
Herman W. Falk	Geo. D. Van Dyke	Gustave Pabst	Charles Schriber
Isaac D. Adler	H. M. Thompson	Patrick Cudahy
Wisconsin Trust Company
MILWAUKEE
CAPITAL	-	$500,000
SURPLUS -	100,000
OFFICERS
OLIVER C. FULLER, President	GARDNER P.STICKNEY, Vice-President
FRED. C. BEST, Secretary	R. L. SMITH, Assistant Secretary
DIRECTORS
Oliver C. Fuller Gardner P. Stickney
R. W. Houghton Gustave Pabst Patrick Cudahy
Frederick Kasten Charles Schriber H. M. Thompson
L. J. Petit, Chairman Herman W. Falk Isaac D. Adler

Ohio Banking News
clay’s session of the board, and two of the banks offering !the highest rate of interest were designated as county depositories for the next three years. The board in a resolution recommended that when moneys of the county are withdrawn from a depository they be withdrawn from the banks paying the lowest rate of interest.
Savings Deposits Increase Continues
Cleveland savings banks and trust companies report that the increase in savings deposits continues without abatement. The withdrawals for living expenses from savings accounts which was a feature of last year with all the banks has stopped long ago. Most of the banks are nearing high record figures.
George Opitz Dead
George Opitz, for many years cashier of the Western German Bank of Cincinnati, died after an illness of several months. Early in January Mr. Opitz resigned his position at the bank on account of ill health. Mr. Opitz was widely known in the city and vicinity. He was born in Cincinnati in 1846, and, after leaving school, went to work in the Volksblatt office as office boy.
Later he became bookkeeper for the Moerlein and Windisch Brewery interests, and entered the bank in 1876, serving continuously there until last January.
On Vacation
President F. H. Goff, of the Cleveland Trust Company, has started for his annual vacation. Bond Market Unusually Active
The Cleveland bond market shows a very healthy spirit, and its activity during the midsummer season is unusual. Each sale of Ohio Municipals brings out a large number of bidders. Otis & Hough, of Cleveland, and Seasongood & Mayer, of Cincinnati, were the successful bidders for the $200,000, 4 per cent, twenty-year school bonds, offered this week by the Cleveland board
the taxes of the customers of the bank and to make settlements at certain times against the school and corporation warrants drawn against him by the county auditor. In the treasury were found cashier’s checks and certificates of deposit for $10,505.60, drawn in January last. In the bank were found warrants for $9,255.56 in Gartner’s favor which had never been credited. These are offsets against each other. The whole trouble was caused by the lack of cash in the bank to make the exchange. It is not apparent that Partee violated the county depository act. Still, he is censured for not having enforced the collection of the cashier’s checks and the certificates of deposit. Depositories for County Funds Designated
The county commissioners last week computed the bids of Cincinnati banks received at Mon-
The Cincinnati banks were abundantly supplied with money last week, the volume being somewhat increased by the changes incident to counter operations and the movement of currency, and the market continued easy. Collateral loans were in better supply in the open market and brokers readily placed them at 4 per cent on call and \y2 per cent on time. The market for foreign exchange was steady, with a good business for account of letters of credit. Government bonds were firm and unchanged.
Citizens Banking and Savings Company
A new state charter banking institution is being organized in Pleasant Ridge. It is to be known as The Citizens’ Banking and Savings Company, and was chartered at Columbus with $25,000 capital. The incorporators are C. B. Smith, B.
A. Viehman, John J. Keller, Josiah Kirby, J. M. Bischoff, E. E. Garretson and A. S. Bowling.
Failure of Scioto Valley Bank
The official examination of the treasury of Ross county was completed last week, when Examiners H. B. Sage and D. F. Walters filed their report with the Bureau of Public Accounting. It was precipitated by the recent failure of the l|| Scioto Valley Bank of Kingston, in which the | treasurer had funds. The examiners find that !{ Millard Partee, the treasurer, is indebted to the county in the sum of $10,510.81. It appears that the cashier of the broken bank, N. L. Gartner, was the treasurer of Green township, Ross county, and also for Kingston corporation and the school board. It was his custom to collect