13
THE CHICAGO BANKER
October 2, iQOQ]
William A. Tilden President
Nelson N. Lamport Vice Prest.
Henry R. Kent Cashier
George H. Wilson Asst. Cashier
Charles Fernald Asst. Cashier
Colin S. Campbell Asst. Cashier
MONROE AND CLARK STREETS
CHICAGO
Capital, $1,000,000 Surplus and Profits, $400,000
Your Business Solicited
THE
LIBERTY NATIONAL BANK
OF NEW YORK
FREDERICK B. SCHENCK, President
CAPITAL, SURPLUS AND UNDIVIDED PROFITS
CHARLES W. RIECKS Vice-Pres. & Cashier
DANIEL G. REID
Vice-President
FRED’K P. McGLYNN Ass’t Cashier
Z0HETH S. FREEMAN
Vice-President
HENRY S. BARTOW
Ass'i Cashier
HENRY P. DAVISON Chairman Ex. Com.
S3,500,000.OO
ing business tells a plain story of devotion to duty, of sound understanding and good judgment. Since Mr. Prince came to St. Paul in 1891 he has steadily grown in the estimation of the business men of the city.
Mr. Prince is an agreeable man to know personally, plays a fair game of golf; is married, the father of two children and lives on Summit Avenue.
George W. Gardner, business man and banker, has the honor to be a native of the North Star state. He was born at Hastings considerably less than fifty years ago, and after graduating from the Mount Pleasant military academy, at Sing Sing, N. Y., became one of the officers of the Gardner Rolling Mills, which his father, Stephen Gardner, founded in 1858. The Gardners were also bankers, and George W. Gardner is now the president of the First National Bank of Hastings, in which they were interested for many years. He makes it his especial business to look after the Twin City interests of this bank and lives in St. Paul, at 301 Summit Avenue, with his wife and two charming children.
Mr. Gardner was for many years an enthusiastic hunter, but some years ago gave up shooting, which took him away from his family, for golf, which he can play at home. He does not always win his golf matches, but he is always an opponent to be reckoned with.
Banking Notes
The Washburn-Crosby Company, flour milling concern, has increased its capital from $3,600,000 to $6,000,000. The increase is due to the erection of a 700-bushel grain elevator in Minneapolis, and elevators at other points. W. H. Dun-woody, president of the Northwestern National, was re-elected vice-president of the company.
Resumption of yegg work in the Northwestern states is agitating the members of the Interstate Protective Association. Its detectives are renewing their activity and are keeping as close track of the recognized members of the craft of bank burglars as is possible for outsiders to do. The warm weather and the increase in the money holdings in the banks contribute to the resumption of business by the safe blowers.
Two new state banks been authorized: Barry State Bank, capital $10,000; J. A. McRae, president, and F. L. Coffins, cashier. Farmers State of Jasper; directors, С. C. Englebritson, M. En-glebritson, John Rudd, George Vickerman, A. G. Kart rude.
Frank M. March will be president. The bank will open November 1st.
Ships Nearly $3,000,000
Nearly $3,000,000 was the shipment of currency last week from Minneapolis to the country. The money went out principally in bills of small denominations, but some silver went forward and $100,000 in gold. The movement is at its height and it is expected to continue at $500,000 daily until well into October. The return will then begin to change the situation. The shipments to date are smaller than last year, but the bankers expect the record of 1908 to be attained in 1909.
Hancock National
At a meeting of the directors of the Hancock National F. E. Frisbee was made president. He is cashier of the First National of Sheldon, Iowa, and he takes the place of Newton Smith, who has sold his stock to J. L. McLaury, the vice-president, and who was one of the founders in 1899. W. J. Browne, Jr., is cashier and Harry Frisbee assistant cashier.
Vacationists Return
Of four Security National Bank clerks who worked their passage across the Atlantic and then bicycled to Dover and from Ostend down through Belgium, Holland and Germany, two have returned, Ralph Smith and Robert Towle. The other two, A. R. Yeats and Don Zollars are in Italy to spend a week at Venice. The clerks sold their machines at Heidelberg and continued by train. The young men poo-hoo the idea that the trip was unusual for lots of college men accompanied them across the water, and others were found making similar trips.
Who’s Who in St. Paul
A St. Paul paper is publishing “Who’s Who in St. Paul” photographs and features two bank men this week as follows:
George H. Prince, vice-president of the Merchants National, one of the oldest banking institutions in St. Paul, was born in the college town of Amherst, Mass., in the year 1861, when the country was in the turmoil of the opening war.
Pie attended school in his native town and, coming west in search of fortune, became connected with the First National Bank of Stillwater, Minn., in May, 1879, and in January, 1891, came to the Capital Bank of St. Paul as cashier. He remained there six years, when he went to the Merchants National Bank.
Mr. Prince’s steady advancement in the bank-
H. H. Barber, the assistant cashier, remain in their positions. An increase in savings deposits and a good general condition is shown by the annual statement.
Sells Old Bank Building
The First National of St. Paul has sold its old building at Fourth and Jackson streets to the Hackney Land Company, which will remodel and occupy part of the building.
Surprised at Progress of Minneapolis
Henry Sibley Fletcher of Watsonville, Calif., president of the California Bankers Association, has been visiting in Minneapolis where his father was the first postmaster. He left Minneapolis in 1867 when he was twelve years’ old and this is his first visit. Mr. Fletcher was surprised to find no Indians walking about the streets. As postmaster his father sold $7 of stamps in three months and carried the mail of the citizens about in his hat. “Minneapolis has kept pace with any city in the United States,” he said. “I left it a village; I return to find it a beautiful metropolis.” Mr. Fletcher is opposed to the proposed postal savings bank. He says there is as much difference between the government as a banker and an individual as a banker as there is between an elephant and an automobile, and the government is the elephant. He is especially interested in the central bank idea and thinks that congress at its next session will act favorably on the plan.
Expects Great Future for Minneapolis
George Ford, vice-president of the National Bank of Commerce of Kansas City, said after inspecting the local banks: “There is a great future for Minneapolis and I believe it is destined to be one of the largest cities in the United States. Down our way we place the cities of Chicago, Kansas City and Minneapolis in the same class. They all have a hustling, bustling style about them that distinguishes them from the general run of cities.”
New Governor a Bank Director
Adolph O. Eberhart, the new governor of Minnesota by succession, is director in the First National Bank of Mankato, Minn., his home.
To Open Bank at Spokane
The four March Brothers of Litchfield, Minn., and other capitalists, are arranging to open a bank at Spokane, Wash., with capital of $200,-000. The Marches have interest in twelve Minnesota banks and are rated at $1,000,000.