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THE CHICAGO BANKER
October p, jpop]
THE STERLING WAGON
•Jj The Sterling thirty horse-power shaft drive, fast truck and delivery wagon does the work of three teams, cuts down the number of employes and saves delays. It is made as a bank wagon fo r the transfer of clear-in g s and e x -changes.
THE STERLING VEHICLE COMPANY
FACTORY AND GENERAL OFFICES AT HARVEY, ILLINOIS
Sell Direct.
Columbus Banks Merge
The Ohio Trust Co., capital $700,000, and surplus $165,000, is to be combined with the Citizens’ Savings Co., capital $100,000 and surplus $125,000, by absorption of the latter. The merger is to become effective October 1st—the new institution will be known as the Citizens’ Trust & Savings Co., and will have a capital of $700,000.
John L. Vance, Jr., president of the Ohio Trust Co., will head the new institution. The combined deposits are approximately $3,696,000.
New Bank Elects Officers
The new Bank of Raymond, Ga., has elected the following officers: S. T. Blalock as president, and E. J. Bailey, cashier. Directors: W. E. McGee, J. W. Nelson, Tobe Doa Donagan, O. G. Witcher, A. H. Young, C. J. Owens, and W. S. McDonald.
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First State Bank of Bentonville
The First State Bank, Bentonville, Ark., has been chartered with a capital of $25,000. The incorporators are: J. G. McAndrews, president; J. D. Covey, vice-president; W. A. Dickson, secretary and treasurer; D. W. Peel, J. D. Bryan and G. P. Jackson.
High Record Bank Business
A new high record of bank clearings was made in Kansas City. The exchanges through the clearing house amounted to $11,186,875. They were nearly $3,000,000 larger than a year ago, showing an increase of 36 per cent.
The largest clearings previously were $10,-141,431 on Tuesday, September 7th. The figures that clay were swelled by business carried over from Monday, which was the labor holiday.
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To Serve Five Years
New Haven, Conn., September 29.—Frederick PI. Brigham, the former bookkeeper of the Merchants’ National of this city, who was indicted by the federal grand jury for abstracting $92,000 of the bank’s funds, and of making false entries on the books of the bank, pleaded guilty to the second count before Judge Platt, and was sentenced to five years in the federal penitentiary at Atlanta, Ga. The count of embezzlement was not entered.
stock is $25,000. The organizers are John C. Wilken, Walter Shumway, O. O. Ayer, O. C. Gladwin, Guy L. Rawson.
Miss Gretchen Schultz, daughter of Cashier Schultz of the Commercial at Waterloo, was prostrated when the buggy in which her father was driving her to an oculist, was struck by an automobile near their home. Miss Schultz was injured in an automobile accident a few months prior to this and the second affair proved too much for her nerves.
Emil Yelinek of the First National at Traer, has gone to Oregon to locate and Mr. Moeller of the Merchants National at Cedar Rapids, succeeds him at Traer.
The new First National at Dyersville has elected these officers:	President, Frank Drexler;
vice-president, A. M. Cloud; cashier, H. B. Wil-lenborg; assistant cashier, F. H. Deutmeyer; directors, M. Link, A. M. Cloud, IT. Goerdt, A. Menke, C. A. Kendal, F. X. Drexler, H. Naber.
Robbers tried to rob the Farmers Savings at Runnells Sunday night by blowing open the safe. However, the safe didn’t open and the robbers fled the scene without getting anything of value.
Homer Pitner has been made cashier of the Commercial National at Cedar Rapids succeeding J. L. Bever, Jr., who has been made second vice-president, while IT. H. Gee is now assistant cashier.
The First National at Clearfield has been approved by the comptroller of the currency. The capital stock is $25,000. President is Grant Mc-Pherrin; vice-president, C. W. Edwards; cashier, C. C. Carlton.
The First National of Cleveland, O., has been made reserve agent for the National State af Burlington upon the request of the latter.
Reports from Sioux City are that George H. Rathmann, formerly president of the Live Stock National of that city, is more than making good in the Utah mining fields where he is general manager of the American Flag Mining Company.
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Bank of Revere
The new Bank of Revere (Mo.) has elected the following officers:	George W. Ballard as
president; J. C. McCabe, vice-president, and J. N. Norton, cashier. The capital of the institution is $10,000.
was expecting rather too much. The $350,000 has been deposited at 2 per cent per annum, open account, and the work on the new structure starts early in the spring.
Report of Nationals Good
The abstract of the condition of the national banks of Iowa outside of the reserve cities as shown by the reports to the comptroller of the currency shows an average reserve held at 16.20 percent against 16.42 per cent onjune 23d. Loans and discounts increased from $94,703,436 to $95,-589,720. Gold coin decreased from $2,746,121 to $2,700,517. Individual deposits increased from $92,496,962 to $93,013,891. This increase in deposits is regarded by Iowa bankers as decidedly encouraging considering the season of the year and the demand for money with which to move the crops.
Another Consolidation
It is not improbable that the new Farmers Savings at Stanhope will be consolidated with the State of that same place since the Webster City stockholders in the latter institution have offered to sell to the new organization, their shares except ten each. It is said that the new organization insists on the Webster City parties selling their entire holdings. The Farmers Bank stockholders have elected directors to serve until the January meeting when the organization will be completed. These directors are L. Reilly, Leonard Hill, J. V. Stark, Oliver Sealine, Peter ITove, C. O. Sandal, S. L. Mahtre.
Des Moines Visitors
Among Iowa bankers who have been recent visitors to Des Moines are Oscar Oakleaf, president of the Madrid State at Madrid; George Cravens, assistant cashier of the Farmers & Merchants at Milton; S. O. Conger, president of the Woodward State Savings at Woodward; Michael McDonald, president of the Bayard Savings at Bayard; S. H. Shields, cashier of the Allerton State Savings at Allerton; Robert Bruce, of the State Savings at Rolfe; M. B. Wheelock, of the Citizens State of Colfax; S. J. Pauley, Grinnell Savings of Grinnell; J. S. Cunningham, of the Knoxville National at Knoxville; Frank Epperson, of the Manning & Epperson Bank at Eddy-ville; Parley Sheldon, Story County Bank at Ames.
Banking Notes
The German-American National at Arlington has been organized and approved. The capital