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CHICAGO BANKER
THE
September 25, !pop]
At Par and Accrued Interest
Charles’ ” Cubs play the national game made a hit with the fans and increased the gate receipts at least $20,000. The Taft million acre tract in Texas, too, is to get a boost.
month, and is allowed to retain 25 per cent for his trouble, makes a mistake in doubling up on the “contributors” and forgetting to report the “increase” at headquarters. He gets it from both ends when they find he isn’t “honest.”
who knew didn’t want to be in a position to attract further attention from Wayman.
tell him. At Des Moines, ’in Omaha and throughout the regions round about it was and is the one thing talked of. Not for publication, however.
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Hereafter it will be as much a part of the convention program as the council dinner proper. Having the ladies present just touched the horizon of popularity with the fair sex. Messrs. Hamilton and Ingwersen deserve the thanks of every one for the interest and good taste shown in every detail.
of still greater powers being entrusted to the Interstate Commerce Commission? Perhaps you might think it over with profit, in these days of banker management of corporate interests.
solidated Casualty Company, Robert B. Armstrong, president, for the insurance of deposits. This new feature of the guaranty question is to be thoroughly tried out.
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has instituted suit to test the act which compels all banks in Wisconsin to come under the state banking act. Judge C. M. Webb of the Seventh circuit issued a temporary restraining order forbidding the banking commissioner to enforce the law, and the suit is begun to test its constitutionality.
tution, just opened. Mahan formerly was president of the Drexel State.
tion time, and always was proud to say that his state had sent 200 delegates. If you mentioned the fact that the Missouri association has a 100 per cent efficiency in membership, “Colonel Jim” would slyly wink and tell you that Keyser had moved across the line, and already had secured a few recruits in Illinois. So, too 1
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lars who blew the Bank of Ashton safe. The reward in force for one year.
candidacy for the Illinois secretaryship, and are hopeful that they have given their man an easy lead in the race. A clean friendly contest is their idea of what to do.
The Bond Man.
MANY of the visiting bankers spoke of the “hit” the new Corn-Ex. banking room made with them.
NEW board of control for the secretaries’ section is composed of Dinwiddie, Bowman, Macfadclen, Henry and Andrew Smith. Keyser was re-elected president and W. B. Hughes a vice-president. Gannon’s paper was very interesting, covering the new idea protective system, going into service in the A. B. A.
FROST’S pet, the interstate system, has many advocates and ere long the A. B. A. will be found adopting it in form to suit the differing conditions.
ONE long paper has been received entitled “What is a National Bank?” If the writer had signed it and left off the title we might have been able to say what he was writing about.
THE only two paid advertisers (poor fellows) in the “Guaranteed circulation 25,000” paper will be distressed to learn that it has changed its name to something like “American Investor and Land Buyer” and that the guaranty is off for the present. We hope the few squibs we have devoted to it gave our readers the right idea without calling names.
GUIDES, specials, programs, nameless and dateless issues fared badly at the hands of Chicago bankers, so far as their “convention issues” are concerned. There isn’t any reason why they should waste good money in a special issue of a grain, real estate, haberdashery or fake paper, anyway.
44VVTHERE should the central bank be lo-'N cated?” wails a New York paper. Why, in the center, of course.
A NOTE from our old friend Kipling saying that he has noticed “how they are copying your Mainly About Banks and Bankers” concludes :
They copied all they could follow,
But they couldn’t copy our mind;
And we left them sweating and stealing,
A year and a half behind.
WE should like to meet the graceless scamp who reported back East that W. O. Jones had neglected anything at the Chicago convention.
ItVVTALKER HILL, St. Louis,” looked good W on the register and Mr. Hill, faultlessly clad and happy, looked better still. The man who doesn’t say “Hello, Walker,” and hear his own name called quickly in return is a newcomer of the rankest kind.
Uj ORDLY BOB”—Col. Robert J. Lowry— ■L׳ was in from the start and in right. There were ages of gentility and refinement before he was evolved. It was a fine sight to see him clear the window ledges at the Annex, “so that these ladies can see Mistah Taft.” Not a few Northern bankers were among those who had this lesson in chivalry.
ALFRED H. CURTIS, of New York, was in the throng of the convention, from start to finish. His old friends greeted him cordially and many were the kindly remarks spoken in his behalf.
HILLYER not only speaks “Butte” and “Casey” as none other ever did but he is a poet as well. After being a good fellow, and standing for a lot of alleged funny stories he jotted these lines down on a bill-of-fare:
Surely the humorous folks Have a hard yoke to bear;
For the good jokes aren’t new And the new jokes aren’t good.
THE Daily Banker was the big “Baskerville Hound” in the convention daily kennels. The others all were of the toy terrier class—noisy and impotent. The association journal should be issued daily at convention time and thus abolish what, at times, is a public nuisance.
ONE Chicago publication, unknown outside of the loop, issued a daily which its publisher announced “will not appeal to the vanity of any one.” It didn’t. You probably didn’t see it. Possibly you may have stepped on one.
THERE are now five trust companies in the city of New York which have no executive heads. These companies are the Mercantile, Guaranty, United States Mortgage, Guardian, and Union. Two were left without presidents by resignations—the Guaranty and the Guardian, while death caused the vacancies in the other institutions.
ONE luxury which Col. Farnsworth might provide at Los Angeles convention is a reading clerk. If every committeeman, or section president could speak his little piece as Arthur Reynolds does, we would have no kick. But they can’t. A regular staff man could do the job and its the proper thing. They do it in congress, in Chicago city councils and even in the Hod Carriers’ union. Why not save time and not bore the patient assembly with incoherent mumblings ?
WF. KEYSER did not want to again serve • as president of the secretaries’ section, but he was voted in just the same. Farnsworth was re-elected secretary.
BRADFORD RHODES got into the papers by “going to elect J. B. Forgan president of the A. B. A.” He probably had a few friends left in the big association before this last brilliant bad break.
Uo KIPPER” GEORGE M. BENEDICT of O “The City of South Haven” during its Gary trip, loaded with bankers, has a “Phi Delta Theta” fraternity pin, lost by some one of the guests. Mr. Benedict has deserted maritime pursuits and is back on the job at the Drovers. He will be glad to forward the pin to the owner.
YOU will all admit that when a New York paper accepts a bank ad, and agrees to run a picture-puff of the donor for the Illinois secretaryship, that it is a mighty mean trick to run it in the “Obituary” column! That is—before the election 1
WE hate to say it, but if the “guaranteed 25,-000 circulation” of a certain new banking paper should not come off, it may be because the publisher’s wife has, according to the daily press, “refused longer to cook for him.” How can a man be absolutely sure of such a trifling thing as a “guaranteed circulation” when he doesn’t even know where he is going to eat ?
KNICKERBOCKER TRUST, New York, is redeeming its pledge handsomely. Another 25 per cent of the emergency certificates has been paid off and proves over again that Greeley was right when he said that “the way to resume is to resume.”
LIEWELL BAKER, editor of the Pacific Banker, was in Chicago convention week, en route to New York. He relies upon a paid circulation and a clean, well edited paper as entirely superior to those of the “deadhead” or clipping bureau variety.
JP. MORGAN, JR., has been elected a di-• rector of the National City Bank in Mr. Harriman’s place. This may be the “tip of the wedge,” Mr. Vanderlip.