3
THE CHICAGO BANKER
August 7, 1909]
32, but looks younger. As president of the First National, at Live Oak, he has won his spurs.
that city? The ads are good, and the growth of the deposits justifies the care with which Mr. Seiter selected the mediums. He then was cashier, but now he is vice-president, close, to Mr. Hinch in every essential feature of growth management.
expert bank advertising men. Their Pittsburgh manager is A. D. Sallee, who formerly sent out beautiful pink booklets for a big bank, and F. W. Ellsworth, the newest staff man in Chicago, sent out the “soft grays” and low reds” for the First National in Chicago.
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now in successful operation in imitation׳ of the real thing. Oh, yes! We had a “first copy” of a brand new banking paper the other day. Much of it was a “real” copy of one we had seen, soon after it came from the press, the week before.
bonds containing some fine small investments at what looks like bargain prices. The yield runs up to 5.5 per cent, which is high for high class stuff from such a house.
quick recovery, sends in the following comment in verse.
I love to hear his glowing tales Of wealth made overnight;
Of how they have a thousand bales Of literature in sight.
Fie builds a palace from a hut;
No difficulties balk;
I don’t intend investing, but I love to hear him talk.
Cashier.
but a real trust company bank by and for bankers. Looks like a good opening.
JNO E. SWANGER. bank commissioner for Missouri, has sent out an abstract of condition for the state banks and trust companies of his state. There are 1,027 incorporated banks, including 53 private banks, reporting under the new law. The trust companies number 42. Total resources of state institutions, $360,000,000. The 126 national banks in the state have $380,000,000 in resources. Grand banking total for Missouri, $740,000,000.
AT the Chicago convention, Wednesday evening, September 15th, will occur the memorable first banquet of the “Council Club.” Secretary J. H. Ingwersen sends the following information.
THE banquet is going to be a big success as we now have 50 acceptances with 10 or 12 others who probably will be there. The chances are ladies will be admitted to the initial banquet, so we will have at least 75 people and that is a pretty respectable gathering, we think, when one takes into consideration that if every eligible member would attend the convention the dinner could not have over 135 people. I expect to meet President Hamilton in Chicago some day next week when we will complete the final arrangements.
IF there is a fifty per cent attendance it will be a great credit to the industrious promoters of this admirable social feature of the big convention. It will be a reassembly of the “Old Guard,” and in time will be as famous in American finance as the "Legion of Honor” was in war times in France. One can rarely be a member of the council but for one term, but this “order of the exes” is perpetual. Having attended the initial dinner will one day be something to boast of to the newcomers.
OECRETARY KEYSER has sent out com-plete, cloth bound copies of his nineteenth proceedings book for the Missouri bankers. It ought to be in every bank library.
PROBABLY Cary A. Hardee of Live Oak.
Fla., is the youngest of the presidents of state bankers associations. He owns up to being
BANKERS of Northern Illinois will as a rule join with the Chicago bankers in the Decatur special, probably over the Illinois Central, to the Decatur convention, October 12th and 13th. The outfit will be de luxe and prices the lowest obtainable. Cars will be parked at Decatur for sleeping purposes.
COMPARTMENTS for two will cost but $13.50 for the trip. A section will be $9.00 for the trip. This train ought to be a hummer.
AT the last monthly meeting the directors of the Drovers Trust & Savings Bank elected Wm. C. Cummings to be vice-president and cashier of that institution. Mr. Cummings has been identified with the bank since 1903, one year after its organization, and the successful building up of the business is largely due to his efforts as assistant cashier, and of which the directors showed their approval by promoting him.
THE steady and healthy increase of our business is a natural outcome of our policy. It is the result of confidence on the part of the people who recognize the value of our service and the convenience of our location.
—The Produce National, Chicago.
SK. WARRICK of Alliance, Neb., is one of • the six or more out of half a hundred state vice-presidents for the A. B. A., who took the matter seriously. He was elected at Denver and found Nebraska with 261 members. The membership now is 307, and Mr. Warrick is still at it.
AT the Chicago convention the state delegations should pick workers, not merely hon-orables. As good as Leo Stevens of Iowa, better if you can, should be the watchword. There are duplicates of Mr. Warrick to be. found in most states. They are the kind.
HN. TINKER has stirred up the whole • country over Houston’s future prospects. He has about a hundred of the country’s best bankers in the new Bankers Trust Company and still is looking for more. The title is going to be made good.
TALK about a Bankers Trust Co., real, has been revived in Chicago. Not a stock selling enterprise, such as has often been attempted,
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