9
THE CHICAGO BANKER
October 23, içoç]
All Forms of Surety and Casualty Insurance in One Company
CONSOLIDATED
CASUALTY
COMPANY
IN THE HEART □ F
AMERICA
ROBERT B. ARMSTRONG, President
OFFICES: Entire 18th Floor, Majestic Bldg., Chicago, U. S. A.
W. B. WELLS, Vice-Pres.
J. R. COOKE, Asst. Cash. R. S. HAWES, Asst. Cash. J. F. FARRELL, Asst. Cash.
C. H. HUTTIG, President
G.	W. GALBREATH, Cash. D’A. P. COOKE, Asst. Cash.
H.	HAILL, Asst. Cash.
Capital
$2,000,000
Surplus
$2,000,000
Deposits
$33,000,000
We solicit accounts of banks and bankers and offer them our complete facilities for the handling of their out-of-town items
Rational Bank of Commerce tn JBteto fork
is prepared to transact all branche¿ of bomesttc anb foreign banking. Accounts are solicites from banks, bankers, firms, corporations anb inbibibuals, toho map relp upon courteous consiberation anb the berp best terms that are consistent truth soob business methobs. Corresponbence is inbiteb. Capital, Surplus anb IHnbibibeb profits ober
$40,000,000.00
Richard Y. Cook, president of the Guaranty Trust and Safe Deposit Company, is back from Europe and took up his various duties again last week.
The Philadelphia Clearing House Association has had painted a portrait of Francis B. Reeves, who is now president of the organization.
Edward Mellor, president of the Germantown Trust Company, has returned from a trip to Colo-
The Kuhn Interests in Irrigation Projects
The famous “Twin Falls Country” in southern Idaho embraces the largest irrigation enterprise either of a public or of a private nature in the United States, and the largest private irrigation enterprise in the world. The tracts here already in process of development by Messrs. James S. and W. S. Kuhn and their associates, cover some 400,000 acres, divided among three projects, viz., that of the “Twin Falls North Side Land & Water Company,” representing a segregation of 220,-000 acres, that of the “Twin Falls Salmon River Land & Water Company,” representing a segregation of 125,000 acres, and that of the “Twin Falls Oakley Land & Water Company,” representing a segregation of 50,000 acres.
From the standpoint of the agriculturists, these enterprises are distinguished by their average altitude, the sources of water supply, and general topography, but from a financial standpoint they may be regarded collectively as one great system.
A magnificent body of land, and soil unsurpassed in productiveness is comprehended in these projects, the earlier reclamation of which was prevented by the difficult engineering features with their consequent cost, as well as by the hitherto remoteness of this district from transportation facilities.
V*
The City Bank of Syracuse, N. Y., has been organized, with a capital stock of $200,000.
Eliot Wadsworth, of Stone & Webster, has been elected a director of the City Trust Company, Boston, Mass.
cent; Diamond National, quarterly, 5 per cent; Western Savings and Deposit, quarterly, 2J2 per cent.
Charles F. Kirschler, receiver of the Traders and Mechanics Bank, announces that a dividend of 10 per cent will be paid to depositors November 1st. Depositors are asked to present their certificates at his office in the Bessemer building without delay.
The Second National of Allegheny is paying its centennial dividend. It was organized 44 years ago, and in that time has paid its stockholders 541 per cent.
The Mellon National has paid to stockholders the regular quarterly dividend of i1/¿ per cent on its $4,000,000 capital.
The First National of Birmingham has declared the regular quarterly dividend of 4 per cent.
The First National of Pittsburgh has been approved as reserve agent for the First National of Sykesville, Pa.
Philadelphia Notes
Cashier C. F. Dean, of the Union National, who has been in the East for some time, will be home the latter part of this week.
W. A. Bulkley, assistant cashier of the Fourth Street National, is again able to give full attention to his duties, after an illness protracted through several months.
Organization of a new financial institution, to be known as the Walnut Street National Bank, is being discussed by the members of the Walnut Street Business Association and by merchants of that street.
CAPITAL & SURPLUS
$1,000,000
Pays a rate of interest consistent with good banking
GUARDIAN
TRUST
COMPANY
OF
NEW YORK
president, which position Mr. Pitcairn had filled. The vacancy caused by the resignation of Joseph A. Knox, who is now president of the United States Glass Company, was filled by the election of Eugene Murray, who was made first assistant secretary and treasurer. John M. Irwin succeeds Mr. Murray as second assistant secretary and treasurer.
Fill Vacancies on Board
Directors of the Exchange National filled vacancies on the board by the election of G. Horton Singer and Charles L. Snowden. Mr. Singer is the son of the late William H. Singer and is identified with the steel industry in this district, and Mr. Snowden is president of the Mononga-hela National of Brownsville, Pa., and is also identified with other interests in the Pittsburgh district.
Pittsburgh Notes
The Commonwealth Trust Co. has declared a quarterly dividend of 2 per cent.
The Continental Trust Co. has declared a dividend of 1% per cent.
The Real Estate Trust Co. has declared the regular quarterly dividend of 2J4 per cent.
The Central Trust Co. has declared the regular quarterly dividend of Per cent.
The Safe Deposit and Trust Co. has declared the regular quarterly dividend of 4 per cent.
The Washington National of Pittsburgh has declared the regular quarterly dividend of 2 per cent, and the Washington Trust Co. the regular quarterly of 1J/2 per cent.
The Provident Trust Co. has declared the regular quarterly dividend of X1/¿ per cent.
The German Savings and Deposit Bank has declared the regular quarterly dividend of 5 per cent.
Other dividends for Pittsburgh banks have been declared as follows: Union National, quarterly, 10 per cent; Duquesne National, quarterly, 3 per cent; East End Savings and Trust, quarterly, tl/2 per cent; Federal National, quarterly, 2J4 per