[Volume XXVII
THE CHICAGO BANKER
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STATE BANK OF CHICAGO			THE FARMERS’ AND MECHANICS' NATIONAL BANK OF PHILADELPHIA, PA. 427 CHESTNUT STREET Capital $2,000,000.00 - - ־ Surplus and Profits 1,348,000.00 ORGANIZED JANUARY 17, 1807 Dividends Paid - $12,847,000.00 OFFICERS Howard W. Lewis, President Henry B. Bartow, Cashier John Mason, Transfer Officer Oscar E. Weiss, Assistant Cashier ACCOUNTS OF INDIVIDUALS, FIRMS, AND CORPORATIONS SOLICITED PRESENT NUMBER OF STOCKHOLDERS 930
ESTABLISHED 1879 S. E. Corner La Salle and Washington Streets Capital - - - $1,500,000 Surplus and profits (earned) 1,500,000 Deposits over - - 20,000,000 OFFICERS L. A. GODDARD, President FRANK I. PACKARD, Asst Cashier JOHN R. LINDGREN, Vice-President C. EDWARD CARLSON, Asst. Cashier HENRY A. HAUGAN, Vice-President SAMUEL E. KNECHT, Secretary HENRY S. HENSCHEN, Cashier WILLIAM C. MILLER, Asst. Secretary			
YOUR CHICAGO BUSINESS RESPECTFULLY INVITED			
			
A. IN CINCINNATI Jk, With Resources of TWENTY-ONE MILLION DOLLARS And every facility for the satisfactory handling of Bank Accounts CORRESPONDENCE INVITED			
The Louisville Program
Program for the first day, October 6th. Meeting called to order at 10:30 o'clock a. m. by the president, j. R. Downing, Georgetown. Invocation by Rev. E. L. Powell, Louisville.
Address of welcome by F. C. Nunemacher, president of the Board of Trade, Louisville. Response by B. M. Arnett, cashier Farmers Exchange Bank, Nicholasville. Annual address of the president. Report of secretary. Report of treasurer. Report of chairman executive committee. Report of chairman of committee on banking jurisprudence and information.
Appointment of committees on nominations; auditing committee; committee on necrology.
The afternoon session of the convention will be called to order at 2 o’clock by the president.
Address by J. N. Kehoe, president Mitchell, Finch & Co.’s bank, Maysviile. Subject—“Postal Savings Bank.”
Address by Geo. E. Roberts, president Commercial National, Chicago, 111. Subject—“Currency Reform.”
Address by E. L. Hutchinson, president Lexington Banking & Trust Co., Lexington, Ky. Subject-—“Married Women’s Contracts.”
1 he second day of the convention will be called to order by the president, J. R. Downing, Georgetown, at 10 o’clock. Invocation, Rev. Bishop Woodcock, Louisville.
Address by Kennedy Helm, general counsel Kentucky Bankers Association, Louisville, Ky. Subject—“Warehouse Receipts as Collateral.”
Address by Hon. Chas. 11־. Treat, former treasurer of the United States. Subject—“Administrative Features of the Treasury Department.”
Address by John A. Crabb, cashier Farmers & Drovers Bank, Eminence.	Subject—“Over-
drafts and Past Due Paper.”
Report of auditing committee; report of committee on nominations; election of officers; new business and unfinished business. Adjournment.
"y*
The officers of the new First National, Kingston, Pa., are N. J. Dunlap, president; A. L. Ellis, vice-president and C. E. Meyers, cashier.
to take care of such accounts that the indemnity bonds will be purchased by the banks. The guaranty law is responsible for bunching the business with this company in this way. The law brought about a division between the state and national banks because the national banks could not participate in the guaranty law. The state bankers got together and formed a separate association, and it is this association which has made arrangements with the Consolidated Casualty Company.
V*
Alton National
The stockholders of the Alton (111.) National have elected George M. Ryrie as a director to fill a vacancy caused by the death of Henry Watson. Albert Wade has been elected vice-president to fill Mr. Watson’s place.
MAUSOLEUM
The above mausoleum is one ot our simple, well constructed designs which can be erected at a comparatively low cost with six to eight crypts. How much less barbarous this method is than burying in the ground.
Write for free booklet on “Monuments” to
CHAS. G. BLAKE & CO.
The Old and Reliable Makers of Mausoleums and Monuments 782 Woman’s Temple Tel. 115 Main Chicago, 111.
Kansas Guaranty
Topeka, Kan., September 24.—W. W. Wilson, secretary of the new State Bankers Association, has closed a deal with the Consolidated Casualty Company of Chicago whereby this company will issue bonds to cover deposits of state, county, city and township funds in at least 400 state banks. In signing this contract with the Consolidated the bankers in the state association have struck a blow for the upbuilding of insurance funds in the West and for checking their flow into the treasuries of the East and of Europe.
At the time the State Bankers Association was formed in Topeka last spring, it was agreed that the new association must offer to its members the same inducements offered by the Kansas Bankers Association, made up of both state and national banks. That association has secured job lot rates on indemnity and guaranty bonds and made the rates to banks in Kansas for years. The new association agreed to do as much for its members.
John R. Mulvane is a stockholder in the Consolidated Casualty Company, and during the meeting he mentioned the company and suggested that it be investigated along with others. Secretary Wilson and members of the executive committee were given authority to make the investigation and take whatever action was deemed wise. They have selected the Consolidated Casualty Company.
“This decision was made after considerable thought and investigation of the many applicants before the executive council,” said Mr. Wilson. “The Consolidated Casualty Company of Chicago has been endorsed by the executive council of our association for the purpose of writing depository bonds for the state banks of Kansas.”
This action has no bearing whatever on the guaranty law. The guaranty law was not drawn with the intention of insuring deposits which were open accounts bearing interest. Accounts of the state, counties, cities and townships bear interest and are subject to check, therefore can not be guaranteed under the guaranty law. It is