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THE CHICAGO BANKER
October 2, !pop]
and west, unshaken by periods of financial depression and remarkably free from conflicts between labor and capital, Milwaukee offers an inviting field for industrial activity of all kinds. It is, we believe, entering upon the most prosperous era of its civic history—not an era of inflated values and unsafe ventures, but an era of solid, substantial growth—an era in which new and important industries will locate here almost daily —when the building trades will be busy to their utmost capacity—one in which the wealth of the city will increase rapidly.—M. A. Graettinger.
facilities, consult the officers of this bank.—First National, Richmond.
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$17,000,000 and looks forward to statement day to make it, like Trilby, “altogether.”
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tial way of saying, “Solicits the accounts of banks, bankers, corporations, firms and individuals. Exceptional facilities for making collections throughout the world. Foreign exchange bought and sold. Travelers’ and commercial letters of credit issued and transfers made by cable.”
44 rx IVIDENDS paid	quarterly”—Charles
LA Pasche, president of First National and of First Trust at St. Joseph. Sounds good, too.
of Philadelphia, is “in your midst.”
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chanics-American statement. You don’t need to think that deposits pile up in a St. Louis bank just because the other banks don’t want them.
Chicago has had hers, also. How can a man advertise bank facilities who has not tasted of their benefits? It costs money and years of progress to get wise to this, sometimes. —
This is news. So had the Commercial National. This was a blunder.
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and depository for Oklahoma state banks, and it will be examined twice a year by the state banking department in addition to the semiannual examinations by the national bank examiners.— El Reno, Okla., First National.
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Walter H. Wilson and David R. Forgan. These with two splendid business men stand for its integrity. Joyce & Co. are the Illinois representatives.
most service to banks, corporations, firms and individuals, whose business it desires, and to whom is extended the facilities acquired through twenty-five years of service to the business community.—Union National, Cleveland.
Cashier.
nental’s former capital of $4,000,000 and also by the American Trust on its $3,000,000 before the interests of those two banks were consolidated.
THAT was a horrible mistake we made last week by printing it “Liewell Baker.” Ly-dell can do it, but we didn’t intend to say so.
AL. S. Ackerly, Exchange National, Leon, • la., says he hasn’t׳ had a picture taken for thirty years and that he doesn’t expect to get time to “sit” again for twenty years, or until the postal saving and central bank questions have been settled. This is a mixture of diffidence, perhaps, and conscience.
FIRST NATK$(aL BANK of Traverse City opened for business in the old Leach building, April 9, 1883. During its entire history the bank has had only three presidents: John C. Lewis, who was elected at the time of its organization, acted until 1894 when John T. Beadle was elected the first time. H. S. Hull was president from 1896 to 1902, at which time Mr. Beadle, the present president, again was chosen. There have been four cashiers of the bank:	C.
A. Hammond, W. L. Hammond, Frank Welton, and the present cashier, Leon F. Titus, who has held this position since 1903.
THIS splendid bank is now in its own, new, monumental building of solid stone. In closing a fine, pictorial booklet on the new building and the old bank which occupies it the officers say:	“Old with experienced judgment, but new
with the latest ideas, fully developed and equipped for business, we invite you to become our customer. We will be glad to see you in person at our banking house, or to answer any inquiries by correspondence.”
A MARKED gain in bank deposits is a sure indication of sound business conditions—as well as an evidence of confidence in the bank showing the gain.—American National, San Francisco.
Jj. SULLIVAN was a conspicuous figure at • the Chicago convention. Having said this it is unnecessary to add that we refer to Col. Sullivan of Cleveland.
HAVE you noted the “due depositors” in the folders sent out from K. C. by Jas. T. Bradley. Looks as if some one is making good.
IF you appreciate prompt and efficient service, send us your Montgomery items. We make a specialty of this branch of our business, remit promptly upon day of payment in reliable Eastern exchange, and we shall be pleased to receive your Montgomery collections on trial. All drafts on Montgomery drawn payable “with exchange” will be remitted free of cost.—Farley National.
BANK OF PITTSBURGH is the oldest bank in the United States west of the Alleghany mountains. In February, 1910, it will be 100 years old, having been in continuous existence since 1810. It has passed through four wars and the many severe financial panics of this country, and has never failed to protect its depositors.
44t T AVING large capital—the largest in Indi-ana—exceptional strength and established facilities, The American National Bank solicits patronage with confidence in its ability to extend every accommodation for the autumn business consistent with sound methods.”
RED and green, golf colors, are conspicuous in the new printing of the D'es Moines National. “If you don’t play golf you needn’t come round” is in the air in Iowa.
44 VV7 E’RE all of us ‘ads’ in the pages of W Earth,
And some of us lose, some win;
It partly depends on our wit and girth.
And the magazine we’re in.”
SPECIAL numbers have become notorious in Los Angeles until publications of character hesitate to issue one, no matter what its merits might be. The publisher of the special number is usually a plain grafter, and has no intention of giving value, either to the advertiser or to the reader.—The Financier.
THE above is true in Chicago and the stand taken by Chicago banks for the convention week was because of the fake character and fake circulation of the specials. One big Chicago bank, but only one got taken in with an out-of-town date line. The fakir-in-chief on the publication referred to belongs to an odoriferous Chicago bunch, with a string of fake papers. The worn-out “guide” and “program” are no better and fared almost as badly.
THE CHICAGO BANKER, regular issue, was the only banking paper in the United States to be out with the convention report while it still was a news item.
NO man likes to see his name misspelled in public print and in a letter of a personal nature it is much worse. Our old friend P. Her-dien, president of the First National, of Galva, writes us he has received upwards of thirty letters all favoring one Chicago candidate, all addressed to him as “P. Herdigo” and Mr. Herdien says such a candidate never can get his support. Too much like “dago” to suit and too careless to qualify.
DOWN at Galva they are wondering how such a wonderful man can be spared by the Chicago bank which now employs him, and, if he did really elect Taft and save the banks and the Republican party, why he does not seek political reward.
NOW as to the letters. One wily, old Chicago bank president allows his secretary to sign his name to a letter which states “I consider him to be an excellent man for the place, combining the qualities of a good secretary and Press Agent.” Is this a knock or a boost?
ANOTHER writes, “Referring to-------------------,
who has announced himself as a candidate for the office of secretary of the Bankers Association of Illinois, it seems to me that the executive council should give his candidacy thoughtful consideration.” Had this clever gentleman really meant it he would have written “favorable”— not “thoughtful” consideration. A warning rather than a boost.
44'pIRST NATIONAL, Chicago, capital $10,-■T 000,000” before long is to be the “news” from the big Monroe and Dearborn institution. If the stockholders get the new capital at 200 as hoped for, there will be a lot of happy holders to cheer their leaders.
PRESIDENT OTTO T. BANNARD of the New York Trust Co., is to run against the Tammany man, not yet named, for mayor of the city. He is to be a fusion candidate and if fitness cuts any figure ought to win. To beat Tammany is not an easy matter.
DIRECTORS of the Continental National Bank have declared a quarterly dividend of 2 per cent on the increased capitalization—$9,000,-000. This is the rate that was paid on the Conti-