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THE CHICAGO BANKER
September 4, /pop]
All Forms of Surety and Casualty Insurance in One Company
ROBERT B. ARMSTRONG, President OFFICES: Entire 18th Floor, Majestic Bldg., Chicago, U. S. A.
Capital
$2,000,000
Surplus
$2,000,000
Deposits
$33,000,000
We solicit accounts ot banks and bankers and otter them our complete facilities for the handling of their out-of-town items
W. B. WELLS, Vice-Pres.
J. R. COOKE, Asst. Cash R. S. HAWES, Asst. Cash. J. F. FARRELL, Asst. Cash,
C. H. HU I 1IG, President
G.	W. GALBREATH, Cash. DA. P. COOKE, Asst. Cash.
H.	HAILL, Asst. Cash.
jEattonal Bank of Commerce in jleto gork
is! prepareb to transact all branches of bomesttc anb foreign banking, !accounts are Soliciteb from banks, bankers, firms, corporations anb inbibibuals, toko map relp upon courteous consiberation anb the berp best terms that are consistent toith goob business methobs. Corresponbence is inbiteb. Capital, Surplus anb Unbibibeb profits ober
$40,000,000.00
in either the directorate or the officers of the bank. The same men who now control the Rahway National were prominent in the organization a few years ago of the Rahway Trust Company.
The present officers of the Rahway National are: President, William Howard; vice-president. Ross Vanderhoven; cashier, Garret S. Jones.
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Mother Shipton’s Prophecies
The following “Prophecies of Mother Shipton” is printed by request. Mother Shipton lived in England more than five hundred years ago and uttered several so-called prophecies. The following lines were first published in 1485, before the discovery of America and before any of the discoveries and inventions mentioned therein. All the events predicted have happened except the prophecy in the last two lines:
Carriages without horses shall go,
And accidents fill the world with woe.
Around the world thoughts shall fly In the twinkling of an eye.
Waters shall yet more wonders do,
Now strange, yet shall be true.
The world upside down shall be,
And gold be found at root of tree.
Through hills man shall ride,
And no horse nor ass be at his side.
Under water man shall walk,
Shall ride, shall sleep, shall talk.
In the air men shall be seen,
In white, in black, in green.
Iron in the water shall float,
As easy as a wooden boat.
Gold shall be found ’mid stone.
In a land that’s now unknown.
Fire and water shall wonders do,
England shall at last admit a Jew.
And this world to an end shall come
. . In eighteen hundred and eightv-one.
considerable, but such havoc as was wrought last week cannot be long continued without serious casualties. Banking interests having their fingers on the financial pulse look for weakness— considerable weakness—before quotations are steadied by calm reflection upon the many vital factors outside of Wall Street that combine to enhance the real value of securities. The extremely sensitive state of the Wall Street mind at the present moment renders violent fluctuations probable, and just as the advance was unconscionably overdone, the downward movement may^ be carried to unreasonable lengths if the dominating powers should actually engage in mortal warfare, a contingency that, all things considered, is somewhat remote. Conditions throughout the country are as far from warranting panicky trading in stocks as they were from justifying the extravagant speculation of July-August.
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New Men in Control
Elizabeth, Aug. 25.—At a conference held yesterday in this city the formal transfer of the control of the Rahway National Bank was accomplished. The control is now held by a coterie of New York and Union county financial men, consisting of Hamilton F. Kean, formerly chairman of the Union county republican executive committee and member of the banking house of Kean, Cortright & Co., of New York; United States Senator John Kean, Jr., State Senator Ernest R. Ackerman and Frank H. Smith, chairman of the republican executive committee of Union, and at present register of the county.
It is announced that the only change is in the stock control and that no change is contemplated
CAPITAL & SURPLUS $1,000,000
Paps a rate of interest consistent wili¡ good banking
of nervous tension and nothing has occurred to insure that tranquillity is at hand. Facts have been harder to obtain'than fiction. Wall Street has been treated to many ludicrous stories, some hatched downtown, others in the Ramapo Mountains—the writers would almost seem to have entered a contest to supply the wildest sensation day by day. Edward H. Harriman, around whom the whole speculative world is ostensibly revolving at׳ this moment, is not only refusing to take outsiders into his confidence, but he has kept all his co-directors at arm’s length. That Mr. Harriman is seriously afflicted cannot be longer disguised, no matter how. many soothing bulletins may be issued. Eventualities have been prepared for, although it should not be forgotten that where there is life there is hope. The authoritative statement was made on Tuesday that Mr. Harriman had unloaded stocks Just before returning to America, and there is ground for suspecting that the harmony that has prevailed since the panic among the various members of High Finance has given way to discord. The truth is hard to uncover, but if Mr. Harriman should again be able to resume his dictatorship, it is believed that sudden changes will be wrought among his financial entourage. His unequivocal statement that no “segregation plans” had been considered by him does not agree with certain promises made by others during his absence and the serious decline in both Union Pacific common and preferred may be the dawning of a day of reckoning. If the financial concert be rudely broken up, speculative inverted pyramids may. collapse with a crash. Pull away the Harriman pillar and the whole structure might fall to the ground.. The Morgan pool, one of the most ambitious ever formed in New York, is performing almost supernatural feats in the way of shoring up the market by means of United States Steel; neither failure nor success is yet in sight, inasmuch as the pool, although it has managed to maintain the quotation, has not distributed the major part of its accumulations.
The public are wisely keeping out of the speculative arena now that the gladiators are on the rampage. So far the mortality has been in-