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THE CHICAGO BANKER
October 50, !pop]
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$20,000, according to the estimate of Bank Commissioner Pfeiffer. Bowlds made a record for quick work in getting into the funds of the bank. August 28th he secured possession, paying F. N. Briggs, cashier of the Interstate Savings Bank, Denver, $10,000 for the full 100 shares of the bank stock. Bowlds came here with J. W. Nor-ment, president of the Capital City Bank, of Santa Fe, N. M., who introduced him to Mr. Briggs and his friends. The terms of the transfer were agreed to after a conference, Bowlds promising to give two drafts, one for $2,500 on the Santa Fe Bank, and one for $7,500 on the City Bank and Trust Company, of Birmingham, Ala. The draft for the $2,500 was immediately honored, the larger draft encountering some delay.
When Mr. Briggs wired the Birmingham bank if they would honor Bowld’s draft on them for $7,500 the reply was in the affirmative. Mr. Briggs wired instructions to Birmingham to send the cash to the Western Bank and Trust Company of Chicago. After a delay and the money not forthcoming a reply was had from Birmingham that they had wired the $7,500 to the Western Bank and Trust Company of Philadelphia. In the meantime Bowlds had taken possession of the Grand County Bank, and shortly thereafter the Birmingham bank wired the $7,500 to the Chicago bank as originally directed.
As soon as he got in Bowlds brought his 100 shares of the bank stock to Denver and hypothecated them with a local bank for a loan of $5,000. He next sent $2,500 to the Santa Fe bank that had staked him to the first $2,500, and the report from that bank is that the cash so sent is charged to his overdraft.
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Bank Stockholders to Pay
Guthrie, October 26.—An assessment of 100 per cent on the stockholders of the defunct Columbia Bank and Trust Company at Oklahoma City was ordered to-day by L. M. Young, state bank commissioner. The capital stock of the bank was $200,000. Commissioner Young declined to make known the names of the stockholders, saying that they would be shown in his report concerning the affairs of the bank, to be made public in five or six days.
State Savings Bank of Memphis
Thomas H. Jackson and Lee Bacigalupo have been chosen members of the board of directors of the State Savings Bank, of Memphis, Tenn., to fill vacancies caused by the deaths of A. D. Gwynne and George Hebers.
“When the Gringo Came”
“When the Gringo Came,” the 1909 theatrical offering of the Los Angeles Chapter A. I. B., is in the last strenuous days of preparation for facing the public on November 4th, 5th and 6th.
Though practically entirely prepared for public performance the rehearsals are being vigorously pushed by author, composer, stage manager and musical director and the final “sand papering” is being administered to ensure a professional smoothness of performance. Among the ladies who have volunteered their help is Miss Lillian Ossing, well known, both socially and professionally, in Los Angeles and Pasadena. Miss Ossing, who has been resting from active work during the summer, has played on New York’s “Great White Way,” and was a star on the Keith vaudeville circuit. In “When the Gringo Came” she will be seen as “Pepita” and also figure in the beautiful sextette. Miss lone Gale, a student of Shakespeare and destined for grand opera, will be heard to advantage in the music allotted to “Inya” and Miss Edna Spaulding’s dainty voice and figure will charm her audience as “Lolita.” Parts have been written especially for Misses Georgia Morton and Harriette Candee, and Miss Helen Bosbyshell is prominently featured.
Among the male stars, Packer’s fine tenor will be displayed to advantage and T. Flinn, as “Bright Alfarata,” the excessively unsophisticated Indian Maiden, is doing some extremely clever work. C. F. Seidel, A. S.. McKinnon and Ray Church have some comedy scenes that have repeatedly broken up even the stage directors by their drollery, and the chorus, under Mr. Kam-mermeyer’s indefatigable baton, are singing with vim and precision.
The show committee has received offers of assistance from every theatre in town and Harry Girard, conceded to be one of the finest comic opera producers in the country, has volunteered his help, an officer which author, composer and committee have accepted with gratitude.
The show is being put on under the management of Warren Smith, of the U. S. National Bank, assisted by W. G. Mohr, as business manager.
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President Loots Bank
Denver, Colo., October 25.—C. H. Bowlds, of Kentucky, New Mexico, Mississippi, Alabama and a few weeks past of Sulphur Springs, as president of the Bank of Grand County, is in custody at Sulphur Springs, and the bank is closed.
The bank’s funds have been looted of about
000 had been added to the undivided profits. The corporation is about to open a savings bank department under the new banking law that took effect July 1st last. The following officers were elected:	P. B. Fraser, president; D. S. Rosen-
baum, vice-president; James M. Abeel, cashier; Elbert H. Smith, assistant cashier.
To Establish a Savings Department
Amended articles of incorporation of the Farmers and Mechanics Bank of Healdsburg have been filed in the office of the county clerk. The amendment of the articles is to permit the establishment of a savings department in the bank, which was not heretofore provided for. C. W. Weaver, M. D., is president of the bank. Receiver Files Report
C. H. McKenney, receiver of the defunct Sutter Creek State Bank, has filed his report with the clerk of the superior court as follows: Received from former receiver, Frederick Eudey. $11,522.71; collections, $8,394.22; disbursements, $10,006.93 ; balance on hand, $9,910. A 10 per cent dividend has been paid to the creditors and another ordered paid. The receiver petitioned the court for the payment of $300 to himself and $200 to his attorney, Robert C. Bole, for services rendered.
Banking Notes
The Bank of Italy has been granted permission to open a branch bank at San Jose, provided the law governing banking is complied with.
The Imperial Valley Bank, Brawley, has applied for permission to change its name to that of Imperial Valley Savings Bank.
The new Yreka Savings Bank will open for business January 1st. The capital is paid in and everything will be ready for business by that date.
The Los Angeles Clearing House Association has elected a new president—W. H. Holliday.
The First National of Corcoran with $25,000 capital has been incorporated. J. B. Mayer is president and A. W. Quinn, cashier.
A new bank building is to be erected by the Farmers and Merchants Bank of Oakland.
Chas. Ewing has been elected cashier of the First National of South Pasadena.
A branch of the Los Nietos Valley Bank, of Downey, will be established at Watts.
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A. B. Marshall
A. B. Marshall, vice-president of the First National, Cleveland, Ohio, called on Chicago banking acquaintances Wednesday.