13
THE CHICAGO BANKER
September 4, 1909]
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
C H I C A G O
Capital, $1,000,000 Surplus and Profits, $400,000
Your Business Solicited
THE
LIBERTY NATIONAL BANK
OF NEW YORK
FREDERICK B. SCHENCK, President
CHARLES W. RIECKS Vice-Pres. & Cashier
FRED’K P. McGLYNN Ass’t Cashier
HENRY S. BARTOW
Ass’t Cashier
DANIEL G. REID
Vice-President
Z0HETH S. FREEMAN
Vice-President
HENRY P. DAVISON Chairman Ex. Com.
CAPITAL, SURPLUS AND UNDIVIDED PROFITS
S 3,500,000.00
The new list of officers and directors of the American Trust and Savings Bank follows:
President—E. A. POTTER.
Vice-presidents—G. M. REYNOLDS and JOHN J. ABBOTT.
Secretary—F. H. JONES.
Assistant secretary—WILLIAM P. KOPF.
Manager bond department—G. B. CALDWELL.'
Directors—J. O. Armour, John C. Black, E. J. Buffington, A. J. Earling, B. A. Eckhart, E. H. Gary, J. F. Harris, Edward Hines, S. McRob-erts, Joy Morton, T. J. Phillips, E. A. Potter, G. M. Reynolds, E. P. Ripley, Alexander Robertson, Charles H. Thorne and F. E. Weyerhaeuser.
Of these directors, nine, including Messrs. Armour, Black, Earling, Eckhart, Hines, Mc-Roberts, Reynolds, Robertson and Weyerhaeuser, were members of the old board of the Continental. Each of the presidents of the two banks becomes first vice-president of the other. Some of the old directors of the American Trust dropped out, but most of them were given places on the new board of the Continental.
?V
New President Georgia Bankers Association
Atlanta, Aug. 29.—At the annual convention of the Georgia Bankers Association held at Tybee island in May last, E. D. Walter, cashier of the National Bank of Brunswick, was elected president, and A. P. Coles, cashier of the Central Bank and Trust Corporation of Atlanta, was chosen as vice-president.
Recently Mr. Walter has, with others, undertaken the organization of the Fourth National of Jacksonville, Fla., and taking effect Sept. 1st, has resigned from his position as cashier of the Brunswick bank and also the presidency of the Georgia Bankers Association.
Mr. Walter’s resignation places Mr. Coles at the head of the Georgia Bankers Association, a position he is eminently qualified to fill, and to which, under ordinary custom of the association, he would have been elected to fill in 1910. Mr. Coles was born in Edgefield, S. C., in 1862. In 1892 he organized the Exchange Bank of Albany, Ga., and in 1900 organized the Albany National Bank, in both of which he was cashier and active manager. In 1906, when the Central Bank and Trust Corporation of Atlanta was organized, Mr. Coles was chosen cashier, which position he has since held.
Official Line-Up
Continental-American Trust
All the stock of the Continental National Bank and all the stock of the American Trust and Savings Bank has voted in favor of the combination of the interests of those two institutions. The actual consolidation will be effected after the close of business September 4th and the two banks will open for business together next Tuesday morning the seventh in the building of the American Trust.
The Continental will then have $9,000,000 of capital and $5,000,000 of surplus and undivided ’ profits, and it will own the capital and surplus of the American Trust.
At the meeting of the boards of directors the lists of officers of the two banks were rearranged, some of the officers and directors of the American Trust becoming officers and directors of the Continental, and vice versa.
The new list of officers and directors of the Continental is as follows:
President—GEORGE M. REYNOLDS.
Vice-presidents—EDWIN A. POTTER, ALEXANDER ROBERTSON, JAMES R. CHAPMAN and HERMAN WALDECK.
Cashier—WILLIAM G. SCHROEDER.
Acting cashier—CHARLES S. CASTLE.
Assistant cashiers—F. H. ELMORE, WILBUR ITATTERY, J. R. WASHBURN and WILSON W. LAMPERT.
Directors—J. Ogden Armour, John C. Black, Henry Botsford, E. J. Buffington, A. J. Earling, B. A. Eckhart, E. H. Gary, J. F. Harris, W. J. Henley, Frank Hibbard, Edward Hines, W. H. McDoel, Samuel McRoberts, Joy Morton, A. H. Mulliken, T. P. Phillips, E. A. Potter, G. M. Reynolds, E. P. Ripley, Alexander Robertson, W. C. Seipp, Charles H. Thorne and F. E. W eyerhaeuser.
Of the new board of the Continental Messrs. Buffington, Gary, Harris, McDoel, Morton, Mulliken, Phillips, Potter, Ripley and Thorne came over from the old board of the American Trust.
W. M. Schroeder still is the cashier of the Continental, on leave of absence for six months on account of the injuries he suffered in an accident in an elevated railroad collision several months ago. C. S. Castle will be acting cashier until Mr. Schroeder returns.
New Bank Opens at Iron Mountain |
The Gogebic National of Iron Mountain, Mich., has opened its doors for business. It has the building formerly occupied by the First National. Officers have been chosen as follows: President, D. E. Sutherland; vice-president, D. H. Aheel; cashier, M. W. Mattethek; secretary, J. M. Bush; directors, D. E. Sutherland, D. H. Aheel, J. M. Bush, L. C. Brewer, Dr. W. M. Whiteside, C. P. Davidson, J. A. Deboy, and J. H. McLean of Duluth, M. W. Duncan of Ish-peming.
F. M. Prince Discusses Foreign Industry
F. M. Prince, president of the First National, has returned from a foreign tour. From France he went to Germany and sailed from Hamburg for New York. English and German industrial revival is being discussed much, he says. The trend in Germany is recession, although the country is progressive and making forward strides in commerce and manufacturing. A return of former activity can be discovered. Germany is rich, progressive and aggressive in competition. Optimism prevails in New York. This was not to be found when Mr. Prince went abroad. It has developed as the result of the passing of uncertainty about the tariff. And largely because of the large crop in the West. He said:	“Minneapolis and the grain raising
country west and north of here enter into the financial talk that one hears in New York. It is expected by New York bankers that this part of the United States, by reason of its good crops, will give an impetus to business generally.”
Farmers Exceedingly Prosperous
“The farmers out in my section have so much money that they don’t know what to do with it,” said P. A. Paulson, cashier of the First National of Ivanhoe, Minn. "I’d like to know where I could lend $100,000 which we can’t place at home.
“The crops in Lincoln county are in excellent condition. There was just one streak of hail, but even that did not do much damage.
“On three farms I know of, oats are threshing out 65 to 70 bushels to the acre. Durum wheat is doing well, and blue stem wheat is running 16 bushels to the acre.”
The Bank of Potomac has been organized at Mt. Ida, Va., with a capital of $25,000.
The Barry (Minn.) State Bank will erect a new bank building.