[Volume XXVII
THE CHICAGO BANKER
10
Wisconsin Trust Company
MILWAUKEE
CAPITAL $500,000 ־ SURPLUS -	100,000
OFFICERS
OLIVER C. FULLER, President	GARDNER P.STICKNEY, Vice-President
FRED. C. BEST, Secretary	R. L. SMITH, Assistant Secretary
DIRECTORS
The Wisconsin National Bank
OF MILWAUKEE
CAPITAL -	$2,000,000
SURPLUS -	1,000,000
OFFICERS
L.J. PETIT, President	HERMAN F. WOLF, Cashier
FRED’K KASTEN, Vice-President	L. G. BOURNIQUE, Asst. Cashier
CHAS. E. ARNOLD, 2nd Vice-President	W. L. CHENEY, Asst. Cashier
WALTER KASTEN, Asst. Cashier
DIRECTORS
Oliver C. Fuller Charles Schriber
R. W. Houghton Gustave Pabst Patrick Cudahy
Frederick Kasten Geo. D. Van Dyke H. M. Thompson
L.J. Petit Herman W. Falk Isaac D. Adler
L. J. Petit, Chairman Frederick Kasten R.W. Houghton Oliver C. Fuller Herman W. Falk	Charles Schriber Gustave Pabst Gardner P. Stickney
Isaac D. Adler	H. M. Thompson Patrick Cudahy

WISCONSIN
NEWS LETTER
By Mortimer I. Stevens
MILWAUKEE
a smoker given September 25th, at the Calumet Club, gave the young men some good advice.
“When a banker gets his picture in the paper he is either in jail or he has done something big,” he said. “But if your friends see that you are not in jail, the picture is double advertising for yon,” he concluded.
Mr. Wilson strongly advised young bank clerks to get into politics. He maintained that it is the only way they can reach affluence.
“I got my own position through politics,” he said, and the crowd laughed in ready response.
“They say politics is rotten—I think it’s bully,” he finished.
The smoker proved a great success and marked the opening of the season of the Milwaukee chapter of the institute. The first regular meeting will be held October 8th, at which James I. Ennis, a Chicago attorney and authority on negotiable instruments, will lecture. The meetings will occur during the winter at regular intervals. Among the prominent men who will address these meetings are the following: Prof. Paul F. Goode, Northwestern University: Dr. Paul Reinsch, Wisconsin State University; Dr. Scott, Wisconsin State University; Prof. J. G. Monahan, Marquette University.
State Banks in Good Condition
The state and mutual savings banks of Wisconsin are in a most flourishing condition according to a recent statement of their resources and liabilities issued under date of September 24th by State Banking Commissioner M. C. Bergh.
taken with the idea that it is a guaranty by the state and that the state holds the money contributed by the banks to pay the deficit of banks that have failed. This is a wrong impression— the state simply supervises. A far better plan would be to segregate the savings department from other deposits and invest the same in certain prescribed securities, and these to be separated from the other investments would practically guarantee the savings deposits and protect those who are interested. The majority of bankers believe that this can better be arranged in this way than by enactment of the proposed law.”
Advises Politics for Young Men
Ralph C. Wilson, chairman of the executive council of the American Institute of Bankers, at
Members of the Wisconsin state legislative committee upon the question of a bill for the guaranty of bank deposits are digging hard into the heart of things in Oklahoma, and some interesting reports are expected as a result of their investigations in that field. The personnel of the committee is as follows: Chairman, Senator W. C. Owen; members, Harry Martin, Burlington; James Wright, Merrill; L. C. Whittet, Edgerton : Platt Whitman, V. A. Crowell and William Reider. James K. Usley, president of the Marshall & Ilsley Bank, Milwaukee, and chairman of the legislative committee of the Wisconsin Bankers Association, accompanies them.
The object of the trip is to thoroughly investigate the workings of the law regulating the guaranty of bank deposits in Oklahoma and to further facilitate the work of the committee. Mr. Rhodes, secretary to Senator Owen, preceded the main body by one week in order that he might have the sources of information well in hand and a definite program outlined. The members of the committee will mix with t'1 people and every phase of the law will be thoroughly sifted.
“A large number of bankers in this state oppose the plan of Senator Owen and his committee, as they believe that there are other and better ways of regulating the question of securing deposits,” said M. A. Graettinger, cashier of the Merchants & Manufacturers’ Bank, and vice-president of the W. B. A. “Many bankers believe that such a law would not be constitutional,” he continued, “and the people seem