[Volume XXVII THE CHICAGO BANKER 12 fet /Нл ¿¿У £s -iíte/'C&U Á¿L£ ¿0 MliACs -éJfoMbC£y ír¡^e¿t Adsl^ ТИЛпУ^с/^У FISK ROBINSON BANKERS Correspondence invited regarding Government, New York City, Railroad, Municipal, and Corporation Bonds Members of the New York Stock Exchange Commercial National Bank Building NEW YORK CHICAGO BOSTON Western Trust and Savings Bank Chicago, Illinois Capital, One Million Dollars ESTABLISHED 1873 Is thoroughly equipped to handle all business pertaining to banking and invites the accounts of banks, corporations, firms and individuals steadily improve and that we may expect a very good year during 1910. “Conditions generally are very healthy and there is no reason whatever why we, here in the Northwest particularly, should not be reasonably optimistic for the immediate future. The affairs of the government are in good, safe hands, where all interests may expect fair treatment.” Financial Conditions Good Financial conditions are regarded as fine in the Northwest by the bankers and the grain men. As a banker, Henry von der Weyer, cashier of the National German American, says that the outlook is for a bumper crop. “For the last ten days,” he said, “we have received an average of thirty to fifty letters a day from our correspondents in Minnesota, North Dakota, South Dakota and Montana, all repeating that the crop outlook is wonderfully good and that with a few more days of seasonable weather the Northwest will harvest better crops, considering the acreage, than has been the case in the last ten years. The banks are in good shape to handle their end of this bumper crop, and it seems to me that the Northwest is going to enjoy one of the most prosperous years in its history, and that is going to be the most prosperous section ot the United States.” Receiver Pays Another Dividend J. D. Shearer, receiver for the Minnesota GRAHAM & SONS Bankers Agents Established 1857—52 Years Steamship & Insurance Interest on Deposits — Accounts Solicited Money to Loan on Heal Estate Open Evenings — Hours 9 a. m. to 9 p. m. 134 WEST MADISON STREET, CHICAGO W. H. Lee has been with the Hennepin County Savings Bank for thirty-five years and an officer for twenty-eight of them. He has served as cashier for nineteen years. The long connection with the bank makes him remarkably fitted for the position of first vice-president. The bank with which Mr. McLane associates himself was formed in 1870, and it is antedated only by the First National. Its charter is a valuable one, of a kind no longer granted. It permits the bank to do a combined commercial and savings bank business, and as a stock company. The present law requires a savings department of a state bank to be separate and on a mutual basis. The bank has $100,000 capital, $100,000 surplus, and $4,500,000 deposits. F. M. Prince, president of the First National, and F. A. Chamberlain, president of the Security National, are directors. Mr. McLane is to become a director also at the time of the annual meeting next month. Comments on Business Outlook “The Northwestern National Bank Review, No. 5, comments editorially on the business outlook in the Northwest. It says: “The business outlook in the Northwest, and in fact, throughout the whole country, is exceptionally good. We are about to harvest one of the largest, if not the largest, cereal crop in the history of the Northwest, on which the farmer is sure to get a very satisfactory price; in fact, all farm products are bringing an unusually high price, which bespeaks good times for the whole country, particularly Minneapolis and the territory from which it draws its business. It will take undoubtedly a very large amount of money to move this crop, and we have no doubt interest rates will harden considerably in the next six weeks. Indications are that 5 per cent will probably be the minimum rate paid by the grain and elevator companies. With these crops assured and the tariff problems adjusted on a fairly satisfactory basis, we believe business throughout the whole United States is going to W. F. McLane, assistant cashier of the Northwestern National Bank, has been elected cashier of the Hennepin County Savings Bank. He assumes the position September 1st. Mr. McLane succeeds W. H. Lee, who is advanced to vice-president. J. E. Bell remains as president and H. H. Barber as assistant cashier. Mr. McLane has had charge of the country bank business for the Northwestern. J. A. Latta, vice-president, will have charge of this department in the future, in addition to his regular official duties. Mr. McLane has been identified with Minneapolis banking ten years. Previous to that he was for eight years in the banking business in Iowa. His double experience is expected to prove invaluable in his new position. Before the National Bank of Commerce was absorbed by the Northwestern National, in June, 1908, Mr. McLane had been assistant cashier of that institution for some time. If Your Vacation should lead you to or through Pittsburgh, the officers of this Bank will consider it a great favor if you will call and allow them to show you the points of interest in our city, or to add in some way to the pleasure of your visit We hope that bankers everywhere will consider this a personal invitation. OLUMBIA NATIONAL BANK OF PITTSBURGH Depositary oj United States, State of Pennsylvania, City of Pittsburgh