25
THE CHICAGO BANKER
October 30, /90p]
Second National Bank
PITTSBURGH, PA.
CAPITAL STOCK -	$1,800,000
SURPLUS -	-	2,000,000 ־
HENRY C. BUGHMAN, President
WM. McCONWAY, Vice-President	JAMES M. YOUNG, Cashier
THOMAS W. WELSH, Jr., Vice-President BROWN A. PATTERSON, Asst. Cashier
Depositary of the United States, the State of Pennsylvania and City of Pittsburgh
DIRECTORS
HENRY C. BUGHMAN,	WM.	M. KENNEDY,	FRANK C. OSBURN,
President	Commonwealth Trust Co.	Attorney-at־Law
ROBERT D. ELWOOD,	JAS.	S. KUHN,	EDWARD B. TAYLOR,
of R. D. Elwood & Co.	Pres. Pgh. Bank for Savings	Vice-Pres. Penna. Co.
CHAS. W, FRIEND,	WM.	McCONWAY,	FRANK S. WILLOCK, .
Clinton Iron & Steel Co.	of McConway & Torley Co.	of Westmoreland Brick Co.
THOS. D. CHANTLER,	WM.	L. CURRY,	L. L. McCLELLAND,
Chantier & McClung	McKeesport Tin Plate Co. Secretary J. S. & W. S. Kuhn, Inc.
Accounts Solicited—Our facilities insure prompt attention
National Bank of * 1	1 Pittsburgh, Pa.
AN INCREASE OF $7,407,469.42
in Deposits in less than a year is eloquent testimony to the perfect service rendered to customers by The First National Bank of Pittsburgh, Pa.
Capital, Surplus and Profits, :	$3,197,764.28
Deposits, :	:	:	24,296,502.69
Resources,	:	:	:	28,494,266.97
JAMES S. KUHN, President
WILLIAM S. KUHN, Vice-President	F. H. RICHARD, Cashier
J. L. DAWSON SPEER, Vice-President	T. C. GRIGGS, Asst. Cash.
ALEXANDER MURDOCH, Asst. Cash.	WM. McK. REED, Asst. Cash.
ment of stock among subscribers and the other upon the number of directors and the make-up of the board. Prior to the meeting the committee on stock received more than $250,000 in subscriptions, and while the meeting was in progress, received an additional $10,000, making in all $60,000 more than the capital previously decided upon. The committee further reported that in view of this most of the subscriptions had been cut down, pro rata, to allow other interests desirous of entering to do so.
It was voted that the board of directors should not exceed thirty members. Twenty-four of these were selected. The directors elected were:
D. M. Edwards, Donald Dey, Warren C. Bray-ton, Edward A. Hunt, Grove E. Warner, John Marsellus, Martin G. Grossman, Edward C. Britcher, Arthur E. Parsons, August Finch, Jr., John J. Cummins, Clarence C. Decker, Henry W. Duguid, Oro D. Blanchard, Burt W. Moyer, Howard B. Buell, Charles F. Teller, William Spalding, Chester H. King, George H. Hessler and Levi S. Chapman, all of Syracuse; Albert A. Keesler and Arthur M. Ellis of Canastota, and Windsor F. Morris of Baldwinsville. Presents Eldredge with Gold Watch
At the last convention of the New York State Bankers Association it was voted to present to the retiring secretary, Edward O. Eldredge, a gold watch and chain, in appreciation of his long and excellent service as secretary of the association. This beautiful gift has just been placed in Mr. Eldredge’s hands.
V
New Bank for Henderson
Henderson, Ky., October 25.—At Corydon, this county, the Farmers’ State Bank was formed by the election of the following board of directors: E. A. Barrett, J. F. Sigler, George L. Campbell, George IT. Cates, J. S. Tapp, G. B. Martin and J. R. Sigler. J. R. Sigler was elected as president and George H. Cates vice-president. The election of a cashier was deferred a few days. The capital stock is $15,000 and the bank will be open for business about January 1st.
dent for seventeen years. His position as vice-president has been filled by the election of Chas. Froeb, while J. Adolph Mollenhauer has been made second vice-president. Of the two remaining members of the finance committee, Benjamin W. Wilson and J. Martin Otto, Benjamin W. Wilson was elected chairman of that committee and August C. Scharmann was elected to fill the vacancy in the finance committee caused by the promotion of Messrs. Schumann and Wilson. J. Henry Dick was elected a member of the board of trustees, to fill the vacancy caused in the board by the death of Mr. Naeher.
Suicide of Bank Cashier
Henry B. Carpenter, 51 years old, who for some years had been cashier of the Queens County Savings Bank at 71 Broadway, Flushing, committed suicide last Monday.
The treasurer of the bank, foreseeing what rumors would necessarily follow such an act under such conditions, issued a statement in which he set forth that he knew of no reason why Carpenter should have committed suicide. He further said that the cashier’s accounts were correct in every respect, and that they had, in fact, been audited and approved only last week.
For the past month Carpenter had seemed despondent, but even those who knew him well did not believe that it was anything deeply serious. The utter suddenness of his death made the blow the more severe.
The father of the cashier was Henry Carpenter, one of the oldest business men of Flushing. Donald Dey Heads City Bank
At a meeting of the stockholders of the newly organized City Bank of Syracuse, Donald Dey was elected president and Warren C. Brayton vice-president. While the other officers were not selected, a committee was appointed to recommend to the board of directors suitable names for the remaining offices and the personnel of the office force.
The meeting, attended by seventy stockholders, was called for the purpose of receiving reports of two committees, one upon the apportion-
The Bankers’ Trust Company announced that it has completed plans for the erection of a twenty-story banking house and office building on property leased by it at Nos. 14-16-18 Wall Street. Trowbridge and Livingston, architects, have been engaged to make the banking rooms on the two lower floors of the building the most commodiously equipped in the city.
Broadway Trust Dividend
The Broadway Trust Company has declared a quarterly dividend of 11/¿ per cent, payable November 1st to stock of record, October 21st. This is the first dividend declared by the Broadway Trust Company since it discontinued dividends in 1907. The dividend is now resumed on the same annual basis, only formerly it was paid semiannually.
The last dividend was 3 per cent, paid in May, 1907. One of 3 per cent was declared, payable November 6, 1907, but later the directors rescinded their action.
Hawley in Mercantile Trust
Edwin Hawley is extending his activities in the banking as well as the railroad field.
Yesterday, along with Thomas De Witt Cuy-lor, he was elected a director of the Mercantile Trust Company. Some years ago he went on the boards of the American Exchange National Bank and the Guaranty Trust Company.
A Bank Officer at 84
D. O. Mills, who is now 84 years old, was elected vice-president of the Bank of New York yesterday. So far as could be learned Mr. Mills is the oldest man ever elected to such a high position in a large New York bank. Despite his age, he is actively engaged in business and is a director of thirty important corporations.
New President of German Savings
John H. Schumann has been elected president of the German Savings Bank of Brooklyn to fill the vacancy caused by the recent death of Charles Naeher. Mr. Schumann has been a trustee of the bank since 1875, chairman of the finance committee for twenty-five years, and first vice-presi-