[Volume XXVII
THE CHICAGO BANKER
30
THE, CLASSIFIED SERVICE
ADVERTISEMENTS INSERTED UNDER THIS HEADING AT TWO CENTS PER WORD. REMITTANCE SHOULD ACCOMPANY COPY. REPLIES FORWARDED IF POSTAGE IS FURNISHED. USE PRIVATE ADDRESS WHERE CONVENIENT.
SAFES AND OFFICE FIXTURES
FOR SALE—Lot of high grade deposit boxes, good as new, two steel vaults, screw door and manganese safes, all good as new. We carry the largest stock of safes in the West. DONNELL SAFE COMPANY, 200-202 E. Washington St., Chicago, 111. Established 1886.
BANK FIXTURES FOR SALE
The Ottumwa National, Ottumwa, Iowa, has enlarged its banking room and offers for sale a complete A. H. Andrews C®. Co. set of oak fixtures, five wickets, desks, chairs, cages and counter. These are “good as new” and will be sold cheap. Photographs and plans furnished. Can be fitted to any room. Address the Cashier, Ottumwa National Bank, Ottumwa, Iowa.
FOR SALE
Solid mahogany fixtures, modern, in good condition, complete with cages.
First National Bank, Champaign, 111.
40,000 Acres of Manitoba Land. $1,000 to the banker who will put us in touch with the man who will sell 5000 acres during the year 1909. Liberal commission paid to salesman. For particulars, address H. L. Emmert Land Agency, 191 Lombard Street, Winnipeg, Manitoba.
The Credit Man and His Work. By E. St. Elmo Lewis. Postpaid, $2.00.
This book stands unrivaled in first position for its thoroughness and for the authoritative way in which the whole complex subject of credits is handled. It is for the practical man and will well equip him for any position which has to do with credit work in business, banking, or corporation management.
The National Bank Act, with Amendments. Annotated by J. M. Gould. Postpaid, $3.12.
No one can know too much about the BANK ACT, and all the disputed and much-discussed points are fully covered in this valuable work.
The Principles of Money and Banking. By Charles A. Conant. It is a new and complete exposition of its subject. Two Volumes. Postpaid, $4.25.
The Pitfalls of Speculation. By Thomas Gibson. Postpaid, $1.20.
A book dealing exclusively with marginal speculation, and analyzing in a clear and simple manner the causes of failure in speculation, with a suggestion as to the remedies.
The Use of Loan Credit in Modern Business• By Thorstein B. Veblen. Postpaid, 28c.
The above books are the best of their kind, and will be promptly forwarded upon receipt of price.
THE CHICAGO BANKER,
407 Monadnock Block, Chicago.
Investment Bonds. By F. Lownhaupt. Postpaid, $1 90.
Prospective investors who wish to make advantageous use of their money will do we'l to take notice of this volume. The author does not theorize, but tells only plain facts of the relation of the bond to its issuing Corporation, and of the general investment aspect of the Instrument.
Money and Credit. By Wilbur Aldrich. Postpaid, $1.37.
This volume contains much valuable information and much sound discussion on money and credit.
Principles and Practice of Finance. By Edw. Carroll. Postpaid, $1.85.
A Practical Guide for Bankers, Merchants, and Lawyers. Together with a Summary of the National and State Banking Laws, and the Legal Rates of Interest, Tables of Foreign Coins, and Glossary of Commercial and Financial Terms.
The Banking and Currency Problems in the United States. By Victor Morawetz, The author takes up the problem of the National Monetary Commission, appointed by Congress, and discusses the means of providing a permanent safeguard against money stringencies and panics. Postpaid, $1.10.
The Monetary and Banking Problem. By Logan G. McPherson. i2mo. Cloth,$1. Postage, 10c.
These articles have elicited the praise of both economists and bankers.
BOOKS ON BANKING, FINANCE AND ECONOMICS
Credit. By J. Lawrence Laughlin of the Department of Political Economy, University of Chicago. Postpaid, 53c.
The nature of credit and its effect on prices have long been a subject of disagreement among economists. Its basis is commonly assumed to be money or bank reserves.
Essentials of Business Law. By Francis M. Burdick, LL. D., Professor of Law in Columbia University. i2mo. Postpaid, $1.50.
This book is not written for lawyers, nor for professional students of law, but it shows how the rules of law governing the commonest business transactions have been developed, and it tells what they are to-day Technical law terms have been discarded as far as possible, and when they are used they are so explained and illustrated as to be easily understood. The principles of law are not set forth in the form and style known to the leather-bound law book, but are simplified and expressed in clear, lucid, every-day speech
Foreign Exchange. Tables converting foreign money into United States Money, and United States money into foreign money at all commercial rates of exchange used in financial transactions between the United States and foreign countries. All about foreign exchange, including various forms of foreign commercial paper and terms, abbreviations, etc. For banks, bankers, steamship agents, importers, exporters and manufacturers. Cloth, $5.00.
Government Regulation of Railway Rates. By Hugo R. Meyer. A Professor ot Political Economy in the University of Chicago. Postpaid, $1.60 net.
Commercial National in Million Class
Houston, Tex., Aug. 2.—Very quietly and deliberately the Commercial National Bank of Houston lias joined the ranks of the $1,000,000 banking institutions of the state. The bank, always noted for its conservative methods and its basic solidity, is making progress with the steady advancement of the great moneyed institutions of Houston. The stock of the bank has been increased within the last month by the sum of $200,000 or from $300,000 to $300,000. With the $500,000 surplus and with over $50,-000 undivided profits the bank now has a million dollar financial basis.
On June 29th at a stockholders’ meeting the proposition to increase the capitalization was made and every vote cast was for the proposed increase.
The $200,000 additional stock was immediately subscribed by the present stockholders, none of it being put on the market, and on next Monday the last day will elapse the final payment of the stock with the entire amount paid in.
In addition to increasing the capital stock a special dividend was voted of 33 1-3 per cent of the $300,000 stock, and on July 26th this dividend of $100,000 was paid in cash to the stockholders, most of whom utilized the money thus paid out to purchase shares of increased stock.
Mr. Oscar Wells has been cashier of the bank since January and has taken a strong place in the financial circles of the state and has added a host of personal friends to the many friends of the bank.
The officers of the bank are:	W. B. Chew,
president; James A. Baker, Jr., vice-president; Thornwell Fay, vice-president; Oscar Wells, cashier, and P. J. Evershade, assistant cashier. The directors are: James A. Baker, Jr., Conrad Bering, W. B. Chew, James D. Dawson, Thorn-well Fay, R. S. Lovett, C. H. Markham, J. V. Neuhaus, Edwin P. Parker, S. C. Red, Cleveland Sewall, Oscar Wells.
National, Oklahoma City, Oklahoma, for the First National, Pawnee, Oklahoma; First National, Muskogee, Oklahoma, for the First National, Perry, Oklahoma.
Banks Incorporated
State Bank of Cookville, Tex.; $10,000. Incorporators—M. L. Lilienstern, FI. P. Burford, S. P. Pounders and others.
The First State Bank of Sulphur Springs, Tex., filed an amendment to its charter, increasing its capital stock from $50,000 to $60,000.
The First State Bank of Eddy, Tex.; $40,000. Incorporators—J. R. Knight, E. L. Cook, and II. T. Carnally.
The First State Bank of Copperas Grove, Tex.; $15,000. Incorporators—J. S. Clements, J. H. Clements, C. A. Boyer and others.
The First State Bank of Keota, Okla.; $30,000 capital. Incorporators—E. C. Million and A. U. Thomas of McAlester, W. J. Echols of Fort Smith, Ark.; A. J. Moore, R. A. Bonham, T. D. Smith, J. D. Price, Jr., and II. D. Price of
Peoples Bank of Pascagoula
J. W. Zinc is president, Joseph B. Garrard vice-president, FI. Herring second vice-president, and Claude Delmas cashier of the new Peoples Bank of Pascagoula, Miss. The directors are as follows: J. W. Zinc, Joseph B. Garrard, C. H. Delmas, R. Lee Plead, R. A. Roberts, M. J. Taylor, J. D. Crane, and B. D. Valverde. The institution has a capital of $25,000.
Davidson County Bank
W. B. Felts is president; B. M. Rice, vice-president, and Andrew McClellan, cashier, of the new Davidson County Bank, Nashville, Tenn., with a capital of $25,000.
V*
German National
Louis Siekman, who has been connected with the German National, Bridgeport, Neb., ever since its organization, it is reported, will retire from his present position as assistant cashier August 1st, and will be succeeded by John Wyckoff.
Southwest Banking
(Continued from page 16)
Judge R. E. Brooks, T. J. Donahue, W. B. Sharpe, Judge James L. Autry, Ernest Carroll, and E. R. Spotts, all connected with the Texas Company.
The stock in the concern is all ,subscribed for by officers and stockholders in the Texas Company, and it is organized primarily for the purpose of handling the company’s own business. It is understood the concern will be ready for transaction of a general trust company business within the next 30 days.
The Bankers Trust Company of Houston, capitalized at $500,000, is formally launched as a result of the approval of the secretary of state at Austin of the charter of the company.
Organize to Insure Bank Deposits
State Superintendent of Insurance Kennish has authorized the Bank Insurance Guarantee & Indemnity Co., of Kansas City, to begin business with a capital stock of $200,000. This concern proposes to insure banks against failures and loss by bank failures, being the first institution of its kind organized. It does not undertake to relieve stockholders of national banks of their liabilities under the general statutes.
National Bank of Commerce
The National Bank of Commerce is crowded for room because its business is increasing so rapidly. It has removed several of the departments which deal exclusively with large corporations from the first floor to the second and third. The institution now occupies four full floors of its eleven-story structure.
The bank has completed a new building. It owns the building and ground between the new structure and the old, but it cannot get this property immediately on account of a lease held by the present occupant. As soon as it can get possession of this property, it will complete its sixteen-story home, to cover a whole block on Broadway. The bank will use the basement and four floors of the edifice.
Reserve Agents
Drovers Deposit National, Chicago, for the Farmers National, Ludlow, Missouri; American National, Oklahoma City, Oklahoma, for the First National, Clinton, Oklahoma; Security