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THE CHICAGO BANKER
October 30, 1909]
The continuous and substantial growth in the number of financial institutions that avail themselves of this bank’s facilities attests to the efficient service which it renders. •¡In addition to inviting active accounts, we pay 3% interest on dormant deposits.
WILLIAM M. RICHARDS, A «st. Cashier LEVERETT THOMPSON, Secretary
OFFICERS
JOHN A. McCORMICK, Vice-President HOUSTON JONES. Cashier
LUCIUS TETER, President EDWARD P. BAILEY, Vice-Pres.
Applications Approved
At a meeting of the Texas state banking board the applications of the First State Bank of Sutherland Springs, Texas State Bank of Walnut Springs and the Harlingen State Bank of Harlingen to come under the banking law and begin business were approved, subject to the verification of a state bank examiner, who will be detailed to make an examination of the assets of these banks.
Banking Notes
The Reno State Bank is the title of a new enterprise at Hutchinson. Kan. Capital, $25,000.
S.	G. Puterbaugh is president and H. W. Hedges, cashier.
The Sparks (Kan.) State Bank is a new institution with a capital of $10,000. E. A. Kent is president and P. V. Miller, cashier.
The Clements (Kan.) State Bank is a new enterprise. William Dawson is president, and F. H. Hickendom, cashier. The capital of the institution is $10,000.
The Farmers and Traders Bank, Warsaw, Mo., has been chartered with a capital of $16,000. James A. Clark, C. R. Freeman, C. L. Morgan and others are promoters.
The Farmers State Bank, Ellington, Mo., is the title of a new chartered institution capitalized at $25,000. S. E. Warner, Jefferson Wadlow, L. Copeland and others are promoters.
The Duncan (Neb.) State Bank has been incorporated with a capital stock of $10,000.
The People’s Bank of Hemingford, Neb., has been organized with a capital of $25,000.
The Asherton State Bank has been organized at Asherton, Texas.
The Sentinel (Okla.) State Bank has been chartered with a capital of $10,000. J. L. McAtee is president.
A new bank has been organized at Geneva, Neb. Mordic Pangle, A. J. Brown, and others are promoters.
The Security State Bank of Dewey, Okla., has been chartered with a capital of $15,000. H. B. Currie is president.
The Bank of Heavener, Okla., is the title of a new incorporated institution. O. J. Brewer, J. M. Young and others are promoters.
V»
Farmers State Bank
The new Farmers State Bank, of Lawrence, 111., will open for business about November 1st with a capital of $50,000. S. J. Gee is president ; G. W. Lackey and W. H. Hiteshaw, vice-presidents and F. C. Borough, cashier. Directors are: W. H. Hiteshaw, A. R. Applegate, W. J. Warner, J. B. Duffy, S. J. Gee, G. W. Lackey,
T.	M. Calvert, George Mullins, J. E. Lemmons, F. J. Snyder and F. C. Borough.
Reserve Agents
Reserve agents were designated by the Texas state department of insurance and banking for the following state banks : For the Kilgore State Bank, the Stock Yards National of Fort Worth; for the First State Bank of Hamlin, the Guaranty State Bank and Trust Company of Dallas; for the First State Bank of New Castle, the Mechan-ics-American National of St. Louis, the Stock Yards National of Fort Worth; for the First State Bank of Point, the First State Bank of Dallas; for the Farmers State Bank of Blum, the Guaranty State Bank and Trust Company of Dallas ; for the First Guaranty State Bank of Midland, the Guaranty State Bank and Trust Company of Dallas, the Central National of St. Louis, the Stock Yards National of Fort Worth and the Bank of Commerce of New York; for the Washington County State Bank of Brenham, the Central Bank and Trust Company of Houston; for the Angleton State Bank, the Central Bank and Trust Company of Houston. For the First State Bank of Cooper, the First National of Greenville ; for the Burton State Bank, the Central Bank and Trust Company of Austin; for the First State Bank of Shiro, the First State Bank of Dallas ; for the Midway Bank and Trust Company of Dalhart, the National Bank of Commerce of Amarillo; for the Haskell State Bank, the Central National of St. Louis; for the Calvert State Bank of Calvert and the State Bank of Marshall, the Houston National Exchange Bank of Houston ; for the Dialville State Bank of Dialville, the Guaranty State Bank and Trust Company of Dallas; for the Waller County State Bank of Brookshire, the Central Bank and Trust Company of Houston; for the Farmers and Merchants State Bank of Ballinger, the National Park Bank of New York; for the Merchants and Farmers State Bank of Elgin, the Central Bank and Trust Company of Houston; for the Citizens State Bank of Princeton, the Continental State Bank of McKinney, Texas.
turned into the United States treasury, and certificates are issued to the holders without extra expense. Those certificates are good for all time.
Another Jolt for Guaranty Law
The Oklahoma system of guaranty for banks operating under state charters, received the second shock in the view of the treasury officials when the Union National of Bartlesville, Okla.. capitalized at $100,000, was authorized to commence business. Mortimer F. Stillwell is president.
Looking for a Kansas City Bank
T. M. Johnson and C. B. McCluskey of Muskogee, Okla., are in the market for a Kansas City bank. They approached the officers of the Security National last week and were given what is practically an option on the stock of the bank.
“They have our price and have promised to let us know what they intend to do,” said R. H. Williams, vice-president of the bank.
Mr. Johnson is the controlling factor in the First National of Muskogee and Mr. McCluskey of the Oklahoma State Bank in the same city. The statement is made that if the Security is purchased the capital stock will be increased to $500,-000.
The Security National was organized April 3, 1908, with a capital of $200,000. Henry M. Evans is president.
Missouri Bank Run by Women
It was thirty-five years ago that “Tom” Cunningham, as everyone in Joplin knows him, conceived the idea of utilizing women in the banking business, although he did not put his theory into practice until twenty years later. At that time he was conducting a small general merchandise store in Joplin. But when he started the bank one of the first things he did was to employ a girl to keep the bank’s books. She just could reach the top of the desk by standing on tiptoe in those days. The little girl now is Mrs. F. V. Church. She is the bank’s cashier, and sits at a rolltop desk in the rear of the bank and passes on the bank’s loans and handles a business, the total footing of which aggregates more than a million dollars according to the last bank statement issued September 1st. And she handles it well, apparently, and to the satisfaction of the business public of Joplin—the deposits are more than $600,000, and still growing. The bank has a surplus of $100,000 and on $200,000 of the bank’s circulation Mrs. Church’s name is signed as cashier.
In the Cunningham National at Joplin the seven women employed by Mr. Cunningham conduct the bank absolutely, with the exception of a man who is employed to make the outside collections. Besides Mrs. Church, the cashier, there are two assistant cashiers and four bookkeepers who are women. The executive work and a large share of the responsibility, of course, falls to Mrs. Church. Mr. Cunningham oversees the business only in a general way.