[ Volume XXVli
THE CHICAGO BANKER
16
Pioneer Pays Promptly
it pays its death claims. 1 he business policy ot the company is to make a careful medical examination, thus securing preferred risks, and then to stand by our hazards accepted. No quibbling, no delay; but always prompt and courteous with CASH IN FULL the day proofs of death come in.
Annual Rates per $1,000 for Either Men or Women
.	$10.00	Age	40,	per	year	.	$12.39
.	$10.22	Age	45,	per	year	.	$14.26
$10.64	Age	50,	per	year	.	$17.08
.	$11.27	Age	55,	per	year	-	$21.78
Other Ages in Proportion
Age 20, per year Age 25, per year Age 30, per year Age 35, per year
The Pioneer Life I nsurance Co,
GEO. L. COLBURN, President, Pekin, III.
WE HAVE VALUABLE PAR POINTS
also a large volume of items to be collected. Our collection facilities are excellent.
Correspondence Invited
The National City Bank of Chicago
Capital, Surplus and Undivided Profits $2,000,000
OFFICERS
David R. Forgan, President	L. H. Grimme, Cashier	Alfred L. Baker, Vice-Pres.
F. A. Crandall, Asst. Cashier	H. E. Otte, Vice-President	W. D. Dickey, Asst. Cashier
R. U. Lansing, Manager Bond Department
$7>274-°62, as against 2,271 permits involving an expenditure of $4,362,534, a gain of $2,911,528, or 67 per cent. The heavy gain in September is explained by the issuance of a permit for $1,-000,000 to tihe Old National Bank Building Company, which purposes erecting a fourteen-story bank and office building at Riverside Avenue and Stevens Street. Excavation for the foundation is under way. The building is to be ready for occupancy in October, 1910, though the bank people do not expect to move before the beginning of 1911.
Bank Clearings
Bank clearings for September exceed those of any previous month in the history of Spokane. Under the new method of figuring the amount is $19,070,285, a gain of 37 per cent over the same period in 1908. Binder the former plan of computing the clearings total $38,140,570, which exceeds the previous high record for the month by $1,446,362. The clearings for the week ended September 30th amounted by the new method to $4>364!59°) a ga'n °f 42 Per cent over the same week in 1908. By the old method they are $8,-729,180. For the nine months of the present year, the clearings amount by the old method to $254>4I8,895, and by the present method to $127,209,447, a big gain over the same period a year ago.
Reject Plan for Raising Loan
Members of the Tieton Water Users Association in the Yakima valley rejected a plan to raise $400,000 to loan to the government to complete the Tieton project at a meeting in North Yakima, Wash. It is understood that this money would permit the government to finish the work. It meant an assessment of $20 an acre, and the plan was to have this money subtracted from future water-right payments. Small landowners under the project felt it a hardship and sentiment was strong against it. A. J. Splawn, a director of the association, spoke against the plan and the adjournment followed, amid cheers.
City to Purchase Light and Water Company
City council of North Yakima, Wash., has entered into an agreement with the Northwest (Continued on page 31)
in the Hall of the Doges, where 25,000 apples from orchards in various parts of the Inland Empire, were used in carrying out the decorative scheme. Frederick E. Goodall, president of the chamber of commerce, presided, while Aubrey Lee White, vice-president of the Spokane & Inland Empire Electric Railway system, was host at a game dinner in Bozanta Tavern at Hayden Lake, in the heart of the national forest reserve in northern Idaho.
The bankers who participated with the committee at the entertainment of the Taft party were Edwin T. Coman, president of the Exchange National; W. S. McCrea of McCrea & Merriweather; Thomas H. Brewer, vice-president of the Exchange National; R. Lewis Rutter, general manager of the Spokane & Eastern Trust Company; R. Insinger, manager of the Hypotheekbank; J. Grier Long, president of the Washington Trust Company, and Boyd Hamilton, Coeur d’Alene, Idaho.
Remarkable Progress in Spokane
Remarkable gains are reported for September and the nine months of the year in Spokane, and there is every indication that building operations will amount to fully $9,000,000 this year. The figures for last month are: 235 permits issued, involving an expenditure estimated at $1,667,277, as against 260 permits representing $495,380, a gain of $1,171,897 or 236.5 per cent. The operations for the nine months show that 2,383 permits were issued, the expenditure being placed at
Bank Man Wanted
^Y/״ANTED — A man over ^ * forty years of age to receive savings deposits for an outlying Chicago bank. Fifty dollars per month. Address
A.B.,care of The Chicago Banker
Spokane, Wash., October 5.—Bankers were prominent at the entertainment of President Taft and his party by the Spokane chamber of commerce and the people of the Inland Empire on September 28th, when the first citizen of the republic spoke at length upon “The Conservation of Our Natural Resources,” in the course of which he discussed four topics of vital interest to the Northwest, as follows:
First, the preservation of the national forests.
Second, the reclamation of the arid and semi-arid lands by irrigation.
Third. The disposition of water power sites upon public lands with proper restrictions upon the use of both in respect to the compensation, its extent in point of time, and the adjustment of rates to be charged to the public by the beneficiary of the grant.
Fourth. The disposition of coal, oil and phosphate lands owned by the government, with such restrictions as will permit their development for private use profit, and yet will prevent monopoly and extertien in the sale of the product.
The President said that his administration is pledged to follow out the Roosevelt policies in regard to the conservation of resources, “and,” he added, “while that pledge does not involve me in any obligation to carry them out unless I have congressional authority to do so, it does require that I take every step and exert every legitimate influence upon congress to enact such legislation which shall best subserve the purpose indicated.”
Tresi 'ent Taft also endorsed the work of Gifford Pinchot, head of the forestry bureau, and of Richard A. Ballinger, secretary of the department of the interior, saying that the last named is in entire accord with him as to the necessity for promoting in every legitimate way the conservation of the country’s resources, adding that he can be counted upon to use his influence as secretary of the interior to the proper end.
Prior to the speech, which was delivered outdoors to an audience of 40,000. President Taft reviewed a parade of military and fraternal organizations, after which he was formally welcomed to the city and the commonwealth by Mayor Nelson S. Pratt and Governor M. E. Hay. The address was followed by a luncheon