1 о lo THE CHICAGO BANKER August 28, !pop] William A. Tilden President Nelson N. Lampert Vice Prest. Henry R. Kent Cashier George H. Wilson Asst. Cashier Charles Fernald Asst. Cashier Colin 8. Campbell Asst. Cashier MONROE AND CLARK STREETS CHICAGO Capital, $1,000,000 Surplus and Profits, $400,000 Your Business Solicited THE LIBERTY NATIONAL BANK OF NEW YORK FREDERICK B. SCHENCK, President DANIEL G. REID CHARLES W. RIECKS Vice-President 7 . ׳IKS¡» Vice-Pres. & Cashier Z0HETH S. FREEMAN Ef fjii Ä M m Ml \дЕЙк־: iiJB :äßJ/ FRED’K P. McGLYNN Vice-President l Ass’t Cashier HENRY P. DAVISON HENRY S. BARTOW Chairman Ex. Com. . • - Ass’t Cashier CAPITAL, SURPLUS AND UNDIVIDED PROFITS *3,500,000.00 Frank D. Brundage Word comes from Denver telling of the serious injury of Mr. and Mrs. Frank D. Brundage in a railroad smashup on the Rio Grande, at Tucker, Utah. Mr. and Mrs. Brundage were in the diner of a heavy train, hauled by three engines, when they were met head on by a wild engine at high speed in charge of a crazy fireman. The •four engines were demolished and a delay of 24 hours caused. Many were hurt. Mrs. Brundage was the chief sufferer and now is in a Denver hospital. Mr. Brundage, who has traveled for years for Knauth, Nachod & Kühne, says it is his worst experience. Latham Alexander & Co. to Dissolve New York, Aug. 25.—The co-partnership composed of John C. Latham and Charles Fraser, bankers and brokers, under the firm of Latham, Alexander & Co., No. 16 Wall Street, having been dissolved by the death of John C. Latham, senior member of the firm, on August 18th, the business will be liquidated by Charles Fraser, the surviving partner. Tr« New Banks Get Charters Madison, Wis.—Commissioner of Banking M. C. Bergh has granted a charter to the Farmers' State Bank of Belmont, La Fayette county, with a capital of $20,000. J. H. Riechers is president and L. F. Kuhnheim cashier. Articles of incorporation of the Nazianz State Bank, Nazianz, Manitowoc county, with a capital of $10,000, were approved by the commissioner. The incorporators are Nic Filz, Philip Koenig, and Joseph Mullmann, all of Nazianz. An amendment to the articles of incorporation of the State Bank of Elmwood increasing the capital stock from $5,000 to $10,000 was approved. Stop Cashier from Selling Stock Little Rock, Ark., August 23.—R. E. Steaven-son, whose reported shortage as cashier of the Rose City Bank of Little Rock, was announced last week, was to-day restrained by Chancellor Martineau from disposing of his stock in the bank. The application for the restraining order was made by Mrs. Belle Brown, who claims that Steavenson, as indorser of Mrs. Lillian G. Brown, owes her $3,125. V* The Commercial State Bank of Argyle, Wis., will erect a building. First State of Rochester, capital $75,000; incorporators, A. W. Stinchfield, Christopher Graham, G. B. Doty of Rochester. The officers of the bank are: President, Dr. A. W. Stinchfield, vice-president, P. G. Fteintz; cashier, George B. Doty; directors: Dr. C. Graham, M. C. Lawler, H. W. Schutser, George W. Granger. This is the fourth state bank in the county. Will Not Join in Demonstration W. E. Lee, the Long Prairie banker, former president of the Minnesota State Bankers Association, and active in its councils, refuses to join in a demonstration to the Minnesota congressmen who voted against the tariff bill. All except the Winona congressman united in the vote. The proposed dinner to the congressmen was thought of in St. Paul and Minneapolis men have been asked to unite. Mr. Lee writes: “I cannot serve on the proposed committee. While I feel deeply humiliated by my party’s failure to keep its tariff pledges, I still feel that so long as the tariff is a party issue we must look to the Republican party to revise it equitably. I do not think a non-partisan movement will contribute to the settlement of a partisan question. I am not ready to ask the Democrats to come in and mourn with me or to give my party advice, nor is the outlook so hopeless that a third party movement is necessary. Non-partisans have reduced the vitality of the Republican party in Minnesota to a low ebb, and I would avoid further dissensions.” W. H. Smith Made Bank Commissioner William PI. Smith, West Philadelphia, ranking member of the staff of Pennsylvania state bank examiners, and a former newspaper man, was appointed state banking commissioner by Governor Stuart. He succeeds John A. Berkey, of Somerset county, who was appointed by Governor Penny-packer in 1905. New National Bank Washington.—The comptroller of the currency has approved applications to organize the Citizens National Bank of Julesburg, Colo., capital $25,-000, and the North Platte Valley National Bank of Scotts Bluff, Neb., capital $50,000. A certificate was issued authorizing the First National Bank of Seminole, Okla., capital $25,-000, to begin business. The corporate existence of the Pierre National Bank, Pierre, S. D., was extended. *M derstand from this that the money and energy used by the different sections of Minnesota are in competition with each other while Canada, Texas, Colorado, and other sections are united in their efforts for that particular section. “If we could overcome this difficulty by organization, the work of securing settlement in Minnesota, in my judgment, would be an easy task.” Doubt Strength of City Vaults The Northwestern National Bank has petitioned the ways and means committee of the Minneapolis city council to have the surety bonds which it has filed, and valued at $150,000, placed in a safety deposit vault in a downtown bank. The petition was made on the theory that the vaults in the city hall are not safe enough. On the advice of the city attorney that a clause of the state law provides that all bonds to secure deposits shall be placed in the office of the city treasurer the committee refused the request, but an investigation of the condition of the vaults will be started. The city treasurer said: “We may not have the strongest vaults in the world, but they are plenty good enough to protect what money we keep on hand. I believe the vaults are above the average.” The ways and means committee allowed the request of the Northwestern National to substitute municipal for surety bonds. Preparing for Reception to President Taft The preparation for the reception of President W. H. Taft in the Twin Cities, next month, does not leave out A. A. Crane, vice-president of the Northwestern National Bank. Mr. Crane is a member of the executive committee of twenty-one business men who are making the general arrangements. In the meetings of the committee Mr. Crane is not allowed to forget his strong resemblance to the President, and it is hazarded by the committee that when the President arrives there will be several mixups between the two men on account of the resemblance. Please Women Depositors The Security National Bank has made a hit with its women depositors by mailing them little telephone memorandum books of dainty proportions. The cover is artistic and the book is worthy of a place on a boudoir table. New Minnesota Banks Two new Minnesota banks have been incorporated as follows : Cayuna State, Deerwood, capital, $18,000; incorporators, George F. Orde, E. C. Best, and H. J. Eruter of Minneapolis.