[Volume XXVII
THE CHICAGO BANKER
26
petition, then promptly assessed Cashier Scopp a fine of $25 and gave his companion, the editor, a tongue lashing such as the scribe is likely not to forget for some time.
C. A. Barr a Benedict
Announcement is made of the marriage at Winona, Minn., of Miss Ethel Madge Kingsbury, of that city to Mr. Cyrus Anthony Barr, cashier of the Des Moines National on Tuesday, September 14th at the home of the bride’s parents, Mr. and Mrs. Herbert Walter Kingsbury. Mr. and Mrs. Barr will be at home after November 20th at 615 Fifteenth Street, Des Moines Since he came to Des Moines, a few months ago, Mr. Barr made hosts of friends and his promotion to the cashiership recently is evidence of his advance in the banking world.
Farmers Loan & Trust Co.’s Team Champions
The Farmers Loan & Trust Company base ball team won the city championship of the bankers league at Sioux City by defeating the Iowa State National team in the crucial game of the season. F. S. Watts Improving
Cashier Frank S. Watts of the First National at Audubon who has been very ill with neuralgia is reported as improving slowly.
W. W. Courson Badly Hurt
W. W. Courson, president of the Clarion Savings at Clarion was thrown from his speeding automobile while racing and received seven fractured ribs, four on one side and three on the other.
Banker’s Son Promoted
Henry Read, son of Thomas FI. Read, president of the First National at Shenandoah has been made secretary of a new trust company at Duluth, Minn., capitalized at $500,000.
Farmers Savings Bank
The Farmers Savings at Williamsburg has filed amendments to its articles of incorporation increasing the capital stock from $50,000 to $75,-000.
Bank Building Damaged by Fire
Fire starting in the second story of the Winnebago State Bank building at Forest City damaged the structure considerably.
Remodel Old Quarters
The First National at Boone is to have a rebuilt and remodelled home within a few months. The institution has been removed into temporary quarters pending the change.
Teller Promoted to Cashiership
A. E. Payton, teller in the Merchants National at Sioux City for the past four years has been made cashier in the Bennett bank succeeding R. C. Hoffmeyer who goes into the real estate business at Redfield, S. D.
Banking Notes
The State Savings at Ute has let the contract for a new two story brick and stone building to be occupied yet this fall.
The Farmers & Merchants Savings has been incorporated at Moravia. The capital stock is
TO IOWA BANKERS
Please forward marked copies of your home paper to the Chicago Banker when it contains anythin¿ about Iowa Banks or Bankers. The favor will be appreciated.
Des Moines, Sept. 22.—Iowa banks show a remarkably fine condition considering the season of the year when there is a great demand for money. The compilation of the reports of the state and savings banks and the trust companies, published by Superintendent Frank Roberts of the state banking department shows a gain of nearly $7,000,000 in deposits over the showing as made at the preceding bank call in May.
The reports for the national banks of the city show a slight gain in deposits but a satisfactory one considering the season of the year. National bankers are pleased that the deposits show a good increase over the preceding year. The gain over the last preceding call is something like $100,000.
The state bank report shows a net increase in number of banks from May 18th to August 10th, the date of the last call of 13. The number of new banks in the preceding year was 55. The increase in deposits from the May call to the August call was $6,942,096.74. The average was held at 21 per cent. The total assets showed an increase of $6,508,291.54.
No Bank Failure in Iowa for Two Years
In addition to the splendid showing as made in this report, Superintendent Frank Roberts points out that there has not been a failure among the 918 state and savings banks and trust companies in Iowa for almost two years. The only danger, he thinks, is from too much prosperity. “Many Iowa banks are doubtless making larger loans than the law permits but I believe it is better for the bankers to thus earn 6 per cent than to send their surplus money east at 2 or 3 per cent.” Mr. Roberts said.
Chicago Bankers are Princes
Des Moines bankers are more than pleased at the reception given them in Chicago while attending the American Bankers Association. “Everything was done that could be expected to be done and I never enjoyed myself more,” said Arthur Reynolds of the Des Moines National. “The bankers of Chicago are princes.”
G. E. MacKinnon, of the Mechanic’s Savings was delighted with the reception tendered him. “Chicago did herself proud,” said he. Other Des Moines bankers were also decidedly well pleased with the convention and did not hesitate to so express themselves upon their return.
J. P. Farmer Dead
J. P. Farmer who for twenty-five years has been connected with the Bank of Sioux Rapids is dead after an illness of over two years. He was very well known among bankers of northwestern Iowa and his death was sincerely mourned. The remains were taken to Boston for interment.
Narrow Escape in Automobile Accident
Henry F. Rohling, of the banking firm of Annis & Rohling of Council Bluffs had a narrow escape from death when his automobile overturned not far from Sious City, killing the chaf-feur instantly. Rohling and two friends who were with him were badly bruised but not dangerously injured.
Got More than They Expected
Cashier Scopp of the Bank of Royal has lost his faith in court more or less. Recently, Mr. Scopp and the editor of the Royal paper appeared before Judge Coyle of the district court at Spencer to intercede with a petition for leniency in favor of a Royal citizen arrested for illegal sale of liquor. Judge Coyle heard the