[Volume XXVII
THE CHICAGO BANKER
10
The Wisconsin National Bank
OF MILWAUKEE
CAPITAL -	$2,000,000
SURPLUS -	1,000,000
OFFICERS
L.J. PETIT, President	HERMAN F. WOLF, Cashier
FRED’K KASTEN, Vice-President	L. G. BOURNIQUE, Asst. Cashier
CHAS. E. ARNOLD, 2nd Vice-President	W. L. CHENEY, Asst. Cashier
WALTER KASTEN, Asst. Cashier
DIRECTORS
L.J. Petit	Frederick Kasten	R. W. Houghton	Oliver C. Fuller
Herman W. Falk	Geo. D. Van Dyke	Gustave Pabst	Charles Schriber
Isaac D. Adler	H. M. Thompson	Patrick Cudahy
Wisconsin Trust Company
MILWAUKEE
CAPITAL	-	$500,000
SURPLUS -	100,000
OFFICERS
OLIVER C. FULLER, President	GARDNER P.STICKNEY, Vice-President
FRED. C. BEST, Secretary	R. L. SMITH, Assistant Secretary
DIRECTORS
Oliver C. Fuller Gardner P. Stickney
R. W. Houghton Gustave Pabst Patrick Cudahy
Frederick Kasten Charles Schriber H. M. Thompson
L. J. Petit, Chairman Herman W. Falk Isaac D. Adler
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WISCONSIN
NEWS LETTER
By Mortimer I. Stevens
MILWAUKEE
ing data for the final report of the committee to be submitted at a special session of the legislature next January.
The assistance of the Wisconsin Bankers Association has been solicited through its secretary, George W. Bartlett, in securing data wanted by the commission. Such matters as the amount of savings deposits held in Wisconsin banks, the amount of deposits subject to check, the rate of interest paid and the reserve fund, are matters being particularly looked into. The guaranty banking law is but one of many important subjects coming before this committee and some inkling of its attitude upon this interesting question may be expected soon after a meeting of the committee to be held November ist.
Bank Robbery Proves Failure
An attempt was made during the night of October 14th to blow open the vault of the State Bank of Waterford, Wis., resulting in nothing more than the damage to the outer doors of the vault. George W. Bartlett, secretary of the Wisconsin Bankers Association, who went to Waterford to adjust the insurance, tells of a new method adopted by the thieves in deadening the noise of the explosion and how a call for a physician over a party telephone line evidently saved the bank from much greater loss.
“As near as can be determined,” says Mr. Bartlett, “the attempted robbery took place at 3 o’clock a. m. and was not discovered until the bank was opened at the regular hour. Some fifteen or twenty gunny-sacks of manure had been secured from a nearby livery stable and closely
activity in the Wisconsin bond market. Milwaukee bond houses say that while actual sales are only about normal for this time of the year that a constantly increasing volume of inquiries from “out-in-state” shows that later in the fall there will be a healthy demand for high grade securities by the smaller banks. From all indications the crop movement will run far ahead of previous years and the prevailing high prices will correspondingly increase the deposits in the country banks. As usual this money will find its way into bonds and other good dividend paying securities.
Gathering Wisconsin Bank Statistics
C. W. Rhodes, secretary of the special committee on banking, appointed by the recent Wisconsin state legislature, has been a visitor in Milwaukee during the past week engaged in secur-
It matters little what condition exists in other cities of the country, Milwaukee, to quote the words of Gardner P. Stickney, of the Wisconsin Trust Company, “occupies a field of its■ own—it owns itself.” It is due, no doubt, to this condition largely, that Milwaukee merchants and manufacturers are optimistic and at the same time conservative.
Five heads of as many banks report a better condition even of affairs locally and throughout the entire state than has obtained for several years. Quoting John H. Puelicher, cashier of the Marshall & Ilsley Bank, Milwaukee, the situation appears as follows:
“Not for several years has there been such a strong undercurrent in financial and business matters locally as appears at present. Collections, which for some time have been reported as ‘fair to slow’ are now generally reported as ‘fair to good’ with every indication that the one word ‘good’ will express it within a very short time.
“The demand for shipments of currency, always heavy from Milwaukee, to interior points of the state, is, to say the least, normal. The Wisconsin country banker is in good shape this fall and heavy deposits will be the rule as soon as the crop movement is over for this season. Deposits generally are increasing and our clearing house returns show a volume of business above the average even for this time of the year.” Bond Market Improving
A gradual increase in advertising space in local papers and the receipt through the mails of new circular matter is a fair indication of renewed