7
THE CHICAGO BANKER
October p, !pop]
W. E. Stone
W. E. Stone, vice-president of the First National Bank, Peoria, and a member of the executive council, is seeing the sights of the Pacific Coast country and expects to visit the Seattle Fair, hoping to return in time for the state convention at Decatur on the 12th.
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Savings Banks Deposits
Philadelphia, Pa.—“Savings deposits are now running ahead of last year, but are not up to the corresponding period in 1907 and 1906, when receipts were particularly heavy,” said G. C. Purves, president of the Philadelphia Savings Fund Society. “The improvement in all lines of trade is steady but sure, however, and by next year I believe business will be fully up to the high record of two and three years ago, if not ahead of them. It is all the better that progress is not too fast. It is too early to discuss interest rates for next year by the savings societies, but it seems probable the present rate of 3.65 per cent can be continued.”
T<*
Bank of Pace
The Bank of Pace (Miss.) has been organized, with the following officers: M. D. Tucker, president; J. H. Pace, vice-president, and E. H. Brawn, cashier. Directors are S. L. Barnett, J. H. Pace, G. G. Tucker, C. C. Jacobs, C. M. Har-ton, M. D. Tucker, H. J. Brown, E. L. Mosby, and Vernon Hanton.
posedly impregnable safes. This was during the last period of that time of depression when the activity of the country was at low ebb, but the looters are very evidently too lofty to be concerned with general conditions, and will take their toll regardless of temporary business tribulations.	״
Faces Sensational Charges
Marquette, Mich., October 2.—Sensational charges against Edward D. Nelson, former president of the institution, are made by Philip Til-linghast, receiver of the defunct First National of Ironwood, in a suit brought in the United States district court. Jointly with Nelson, Elvin T. Larson and Chester G. Rogers, the latter as administrator of the estate of Herman F. Jahn, are named as defendants.
Larson, who was cashier of the bank, is now serving a seven-year sentence in the Detroit house of correction, having pleaded guilty to various offenses when arraigned here last month, and Jahn, who was its president, is dead by his own hand, having committed suicide only a week prior to the opening of the recent term of court.
The receiver asks that the sale of 339 shares of bank stock by Nelson to Larson and Jahn in January, 1906, be declared void, and that Nelson be compelled to return the full value of the shares, which it is claimed were disposed of for
$53-850•	^
Chicago Visitor
Daniel P. Wild, vice-president of the Pierce Trust & Savings Bank, Sycamore, visited Chicago Monday.
Peoples Savings Bank & Trust Co.
Capital and Surplus, $285,000 Deposits, $2,317,110
Solicits Accounts and Collections from Banks, Firms and Individuals on Favorable Terms.
WM. BUTTERWORTH, PRE8.	NEL80N H. GREENE, VIOE PRES.	0. W. LUNDAHL, CASH. AND 8E0.
E. J. Buck
E. J. Buck, president of the City Bank & Trust Company, Mobile, Alabama, attended the A. B. A. convention in Chicago, and while here took a hand at golf on the Glen View course. W. R. Dawes, of the Central Trust Company of Illinois, showed him the way over the links and Buck is now anxious to even matters up by having his Chicago banking acquaintance try their Mobile links this winter, where he hopes to be able to reverse the score.
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Illinois Association Growing Rapidly
Secretary Rinaman continues to make good, in building up the Illinois Bankers Association. The new members for September are: The Tallula Bank, Tallula; Short, Stanton & Co., Chicago; Bridgeport, First National Bank; City National Bank, Ridge Farm; First National Bank, Toledo; Edw. Dickinson & Co., Chicago; First National Bank, Blue Mound; State Bank of La Place, La Place; First National Bank, Odin; Corn Belt Bank, Bloomington; F. W. Hill & Co., Chicago; Joliet Trust & Savings, Joliet; Good-wine Bank, Potomac; Woodin McNear & Moore, Chicago; Exchange Bank, St. Joseph; The Fisher Bank, Fisher; Warren Banking Co., Kinmundy; Arthur Trust & Savings Bank, Arthur; Citizens Bank, Oakland; La Rose Bank, La Rose; Bank of Antioch, Antioch; Dighton & Hetishee, Seymour; First National Bank, Danville; First National Bank, Percy; Bank of Smithboro, Smith-boro, and Capron Bank, Capron.
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Bank Clearings Larger
The bank clearings of the United States for the week ending October 2, 1909 were $3,213,-096,498, against $3,275,823,526 last week and $2,630,165,669 last year, an increase of 22.2 per cent over the same week in 1908.
Important changes by cities were as follows: New York increased 29.4 per cent, Philadelphia 25.2 per cent, Chicago 18.6 per cent and New Orleans 35.8 per cent. None of the more important cities showed a decrease in bank clearings as compared with 1908.
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Growth of a Chicago Bank
The Illinois Trust & Savings Bank is distributing an attractive pamphlet which contains much interesting matter. Among other things, is a comparison of the bank’s statement on April 30, 1874, with that of September 2, 1909. In the 35 years the bank’s deposits grew from $350,445 to $86,846,000. The capital stock was increased from $500,000 to $5,000,000, and the surplus and undivided profits from $30,350 to $8,297,000.
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Bank Burglary
In the twelve months ending September 1, 1909, there were in the United States 107 successful burglaries of banks, in which a total of $159,309.28 was stolen, figures which justify the prediction that the coming of the yegg meant the going of much good gold from many sup-
Joyce & Company
(Incorporated)
General Agents
The Rookery Bid¿.	Chicago, Illinois
ILLINOIS ADVISORY BOARD Charles G. Dawes, Resident Vice-President A. J. Earling	David R. Forman	John A. Spoor
Walter H. Wilson	M. J. Kirkman
COUNSEL
Calhoun, Lyford fii Sheean	Winston, Payne, Strewn & Shaw
National Surety Co.
Of New York
Fidelity and Surety Bonds Burglary Insurance