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THE CHICAGO BANKER
Septeviber 18, /pop]
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and William A. Law, vice-president of the Merchants’ National Bank, Philadelphia, vice-president. D. S. Kloss is secretary as usual.
Pennsylvania bankers elected him treasurer. This is a job editors seldom hold.
interested parties, to be held in banquet room, top floor, the Auditorium Hotel, Chicago, Monday, September 13, 1909.
A LINEAL descendant of Commodore Perry, Oliver H. Perry, is the resident manager for Swartwout and Appenzellar of New York. In the six years of his service in this connection he has been fully as persistent as was his illustrious ancestor.
personal distribution only and not as a matter of commerce. The demand for “A History of Banking in Canada,” by B. E. Walker, C. V. O., LL. D., president of the Canadian Bank of Commerce, has been such that the author found himself denuded of all surplus copies, and in order to comply with many requests for the volume has been compelled to issue a new edition of the work published thirteen years ago.
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be warmly congratulated on the result of the Binghampton Trust Co. receivership. An excellent piece of work has been done at a cost which emphasizes more than ever the rottenness of the old political receiverships.
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headquarters were the hit of the lobby. A few mere men tried to repeat and Mr. Rinaman said he didn’t know whether it was the pin or the attractive assistant secretary which was the magnet.
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ments. Deposits now are $1,551,380.46, several deep notches from the tail end. Produce commission business only was the nest egg. The bank does a paying general commercial line of banking.
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under his picture in one of the big dailies. It was Kaufman ‘׳to a whisper,” however, and he only laughed at the joke.
festivals and there is no “over inflation” about it either.
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tain, in politely bowing to a lady. Your high-class New Yorker can do the honors without toppling.
Tribune as “McDonald.” Such is fame.
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saluted as “the president” a few hours ahead of time. High-class timber along the top story of A. B. A. officialdom these days. Ought always to be so.
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meet, and was proud of “the finest location and outlook ever.” From his desk he could look down into the blue of old Lake Michigan.
Cashier.
AN advertiser (by accident) in one of the newest of Chicago convention banking papers called at the office of the concern this week. A new man was in charge and the advertiser was shown the same ”75,000 wrappers, already addressed, which proves our guaranteed circulation” that he was shown for the first issue. There only was one other paid ad in the paper—and it looks like a cold winter.
George woodruff, joiiet, is in china
and can speak the language. Learned it in three days. When he gets back he is going to give the ground for a down-town park to the city.
BANKERS who advertise for business in three line nonp. readers really do not want. They are crying to create the impression that they have all the business they can attend to. No other explanation for it!
WITH the new La Salle, seven million dollar hotel open, and the new thirty-foot sidewalk in front of the Auditorium Hocel, the coming bankers can be sure of a safe place to stand in the sun and of a nice, new, gold-plated bed to sleep in.
FIVE years ago, the Trowbridge & Niver Co.
purchased the first block of bonds issued under that act of congress known as the Carey Act. In all they have handled four issues of this character of irrigation bonds, and now are distributing the preliminary offering of the fifth.
-—The Big Lost River Irrigation Co., Idaho.
ALL of the previous issues are paying off the various maturities and in some cases anticipating them. A. 1. goods at a 6 per cent rate— how can you beat them? American Trust & Savings Bank, trustee.
PRESIDENT E. W. Andrews of the Seattle National and wife passed through Chicago last week for an extended visit in the East. They will visit in New England and in New York City, and later will join Mr. and Mrs. Daniel Kelleher on a plantation in southern Virginia. Mr. Andrews is at the head of the Seattle clearing house and Mr. Kelleher is reputed the largest holder of bank shares in the Northwest.
IF you haven’t caught on to our new Milwau-kee-Wisconsin letter, go after it. It isn’t a “duplicate” nor is it “clipping service” rot.
« A LESSON in hogs,” second edition, has c\. been sent out by the National Stock Yards National, Illinois. It shows at a glance “the profit in hogs,” also in bank balances. Mr. Chesney went after balances first in 1905 and on June 12th of that year had his first bank deposit—$1,684.60. On September 2d, of this year the total due banks was $1,890,072.34. Does it pay to advertise?
D McKAY LLOYD, of Pittsburgh, was elect-• ed a member of the executive council of the A. B. A., and James A. Brady, of Harrisburg, was elected vice-president from Pennsylvania.
RL. CRAMPTON, who spent the summer in • Hyannisport, Mass., the south side of Cape Cod, is in Chicago again. His friends hope to get him into the place to be vacated by Mr. Rinaman in October.
WD. C. STREET, manager of the Chicago • clearing house, spends his summers at Hyannisport and Mr. Crampton says he is as punctual and regular in his golf and at the bathing beach as he is in managing the clearings. Fie also testifies to the quality of his after dinner coffee and cigars.
JHUGH POWERS, manager of the Mercan-• tile Trust Co. bond department, St. Louis, continues to offer choice Illinois securities, in growing towns, for which there is a steady demand.
44QCHOOL bonds rank among the strongest investments” say H. C. Speer & Co., and this firm makes them a specialty.
T FREDERICK ASPDEN, whom the younger • Chicago bankers will recall as a former employee of the First National, is attending the American Bankers convention as the representative of The Canadian Bank of Commerce at Toronto. Mr. Aspden is now the supervisor of the Canadian Bank of Commerce and travels extensively throughout Canada and the Pacific Coast country.
THEY do not have “forgeries” or bogus checks much in Pennsylvania. The bankers do not take to plausible strangers as they do in the newer western states.
WE. TURNER, of Taylorville, is in Chicago • this week, looking after his interests as a candidate for secretary of the Illinois Bankers. Of those mentioned for the place, Crampton, Spearin, Lockwood and Turner are bankers. Ravelle is an advertising man, which is a handicap of huge proportions. Further, the bank which employed him hasn’t a vote and never was very enthusiastic in state association matters. It hasn't much grounds for asking favors.
TURNER and Lockwood are bank cashiers of excellent standing and both have been active in the group organization movement and in association matters generally. Crampton was with both the Northern Trust and the Republic and a clever worker in association lines. Spearin is in the Corn Exchange and both Wakefield and Maass are adepts at helping those whom they favor.
THIS line up leaves Ravell the single nonunion candidate in the field. Before going to the ad-copy desk of the Merchants he was an ad solicitor on one of the evening daily papers. To paraphrase Allen’s Seattle address one might say that the new secretary should be about four-fifths banker, three-fifths insurance man, a diplomat and well versed in the elements of the group system, and favorably known to the members of the executive council.
ANY candidate not scheduling favorably in these requirements, in about the order named, will not be likely to have a look-in. Being short all along the line would make his candidacy a joke.
LEWIS E.. PIERSON has his joint bill of lading conference with him at the convention. We wouldn’t recognize him without it. This will be at conference between bankers, representatives of carriers, shippers, and receivers’ associations, mercantile organizations and other