[Volume XXVII
THE CHICAGO BANKER
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			Pioneer Pays Promptly
WE HAVE VALUABLE PAR POINTS also a large volume of items to be collected. Our collection facilities are excellent.			/^\NE of the things that have made the Pioneer Life Insurance ly Co. grow so rapidly has been the promptness with which it pays its death claims. The business policy of the company is to make a careful medical examination, thus securing preferred risks, and then to stand by our hazards accepted. No quibbling, no delay; but always prompt and courteous with CASH IN FULL the day proofs of death come in.
Correspondence Invited			Annual Rates per $1,000 for Either Men or Women
The National City Bank of Chicago			Age 20, per year . $10.00 Age 40, per year . $12.39 Age 25, per year . $10.22 Age 45, per year . $14.26 Age 30, per year . $10.64 Age 50, per year . $17.08 Age 35, per year . $11.27 Age 55, per year - $21.78
Capital, Surplus and Undivided Profits $2,000,000			Other Ages in Proportion
OFFICERS David R. Forgan, President L. H. Grimme, Cashier Alfred L. Baker, Vice-Pres. F. A. Crandall, Asst. Cashier H. E. Otte, Vice-President W. D. Dickey, Asst. Cashier R. U. Lansing:, Manager Bond Department			The Pioneer Life Insurance Co. GEO. L. COLBURN, President, Pekin, 111.
			
Parsons, Pa.—A new bank is being organized here with a capital of $50,000.
Nora Springs, la.—J. G. Cutler has resigned as vice-president of the First National Bank. He will be succeeded by H. C. Plamilton.
Sellersville, Pa.—The Sellersville National Bank declared a dividend of 4 per cent and added $5,000 to the surplus, making it $100,000.
Scranton, Pa.—The Traders Bank has increased its capital from $250,000 to $500,000.
Philadelphia, Pa.—P. J. Baral is president: H. E. Woodman and Henry Brandle, vice-presidents and George B. McKinney, cashier of the new Pennsylvania State Bank.
Philadelphia, Pa.—A national bank will be organized at Lower Salford.
Harleyville, Pa.—O. Fulmer will be cashier of the new Harleyville National Bank.
North Scranton, Pa.—The old board of directors of the Providence Bank was elected. David J. Evans and J. J. Jennings are new directors.
Harrisburg, Pa.—The Commercial Bank declared a semiannual dividend of 4 per cent.
Pottstown, Pa.—Horace Evans resigned as president of the National Bank of Pottstown. Tames H. Morris, a former cashier, will succeed him.
Pittsburgh, Pa.—The Washington National Bank will erect a building.
Ralston, Pa.—P. M. Manley has been elected cashier of the new First National Bank.
Tamaqua, Pa.—Otto Kolb has resigned as assistant cashier of the Tamaqua National Bank.
L. H. Matson is president; S. Amidon, vice-president, and E. S. Bason, cashier, of the new State Bank of Kechi, Kans.
The capital stock of the Citizens State Bank, Peru, Neb., has been increased from $15,000 to $25,000.
town, succeeding the late R. J. See. Adam Bahnev has been elected vice-president.
Pays Forty-first Dividend
The Franklin Society for Home Building and Savings has paid its forty-first consecutive dividend. It reports an increase in assets of more than 33 per cent for the last year and a half, and operating expenses in 1909 have been less than they were during the same period in 1908. Tradesmen’s Trust Company
The stockholders of the Tradesmen’s Trust Company of Philadelphia have re-elected officers and directors as follows: president, Peter Boyd; vice-president and treasurer, Lewis K. Brooks; assistant treasurer, Lewis B. Harvey; directors, Peter Boyd, Lewis K. Brooks, A. Culver Boyd, Gustav Bacharach, Thomas E. Baxter, Samuel Bell, Jr., Thos. S. Boyle, Thos. Bradley, Edwin
F.	Merritt, Percy M. Chandler, Edward E. Hans-com, Joseph W. Murray, Henry J. Scott, Schuyler Armstrong and Henry C. Trumbower. Farmers Bank Chartered
The Farmers Bank, Kutztown, has received a charter. Chas. W. Miller is president; Arthur Bonner, vice-president; Walter S. Loy, vice-president, and Herman A. Fister, cashier.
Banking Notes
Samuel D. Jordan was appointed cashier of the Bank of North America, Philadelphia, in place of John H. Watt, who died last week, and Richard
G.	McKinley was appointed an assistant cashier.
Scranton, Pa.—The stockholders of the Traders National Bank will vote to increase the capital from $250,000 to $500,000.
Philadelphia, Pa.—J. Bertram Lippincott• has been elected a director of the Farmers and Mer-chanics National Bank to fill the vacancy caused by the death of George C. Thomas.
Plymouth, Pa.—The Plymouth National Bank declared a semiannual dividend of 3 per cent.
York, Pa.—The Guardian Trust Company elected M. D. Martin, president; J. A. Mayer, vice-president; E. C. Ziegler, secretary and treasurer.
The directors of the Bellevue Realty Savings & Trust Co. have carried $10,000 to the surplus fund of the institution increasing that item to $50,000. The company has over $6,000 remaining in its item of undivided profits.
Building Destroyed by Fire
The First National Bank of Masontown lost its brick bank building in the big Masontown fire, but saved all its books and papers which were in the vaults. The loss is about $25,000 covered by insurance.
Changes Position
Edward R. Smith, teller of the Union Trust Company of Washington, has accepted the position of teller at the Citizens Trust Company of Canonsburg. Crelie W. Hornbake, for several years bookkeeper at the institution, has succeeded to the tellership.
State Senator as Bank President
Ernest L. Tustin, state senator, has been elected president of the Belmont Trust Company, Forty-ninth Street and Baltimore Avenue, Philadelphia, and John Pfisler, a prominent manufacturer, has been chosen vice-president.
Reduces Rate of Interest
The Providence Institution for Savings of Boston has reduced the interest on its deposits from 4 to 3% Per cent, by the declaration of a semiannual interest of ijj per cent on deposits, payable on and after July 22d.
Citizens Trust Company
Chas. C. Johnson, one of the foremost citizens of Washington county has been elected president of the Citizens Trust Co. of Canonsburg, succeeding the late Gen. John C. McNarry. Mr. Johnson has been secretary and treasurer and is largely responsible for the excellent growth and condition of the institution. John T. McNary, son of the late president, who was assistant secretary and treasurer has been elected secretary and treasurer, and is a young man of most excellent qualities.
Myerstown National
John A. Donges, vice-president, has been elected president of the Myerstown National, Myers-