[Volume XXVII
THE CHICAGO BANKER
30
THE CLASSIFIED SERVICE
ADVERTISEMENTS INSERTED UNDER THIS HEADING AT TWO CENTS PER WORD. REMITTANCE SHOULD ACCOMPANY COPY. REPLIES FORWARDED IF POSTAGE IS FURNISHED. USE PRIVATE ADDRESS WHERE CONVENIENT.
$32,000 7% 20-year water bonds at 90c in a large town in Nevada. J. S. McCullough, 140 Dearborn Street.
FOR SALE
<Articles offered for sale which have been inspected and found as described will be indicated by a star—*).
*For Sale—One four-cylinder Splitdorf Synchronized distributing spark coil. All cylinders must work alike. Coil brand new. Cost $72. Will sell for $25. Address Coil, this office.
*For Sale—Brand new, New Model Reflex 4x5 camera, Goerz Celor 7-inch lens and plate-holder. Cost $125. Sell for $85. Camera, this office.
*For Sale—Brand new Stevens 22-calibre repeating gallery rifle; $7.50. Rifle, this office.
*For Sale—Brand new Korona Stereo camera No. IV, case and six Premo holders. Fitted with Ross imported lenses and B. & L. double valve shutter. Convertible to regular 5x7 by instantly removable partition. Cost $110. Sell for $55. Stereo, this office.
ADDING MACHINE METHOD
Riggs’ Method of Division on Adding and Listing Machines. Entirely new. Copyrighted. Best problem solved on the machine. Only practical solution. Great time and brain saver. Simple, effective, sure. You should know this valuable discovery on your machine. Postpaid, $1.00. Money refunded if not satisfied. F. S. Riggs, Marshall, Texas.
The Use of Loan Credit in Modern Business. By ThorSTEIN B. Veblen. Postpaid, 28c.
׳The Investors’ Catechism. By M. M. REYNOLDS. Cloth, by mail, $1.10.
“Investors’ Catechism.’’ It is intended to be the first volume in a financial library which will grow as the knowledge of the financial student grows. It contains all that it is essential for the beginner to know, and opens the way for a thorough study of the whole subject of investment. The author has for the sake of clearness and simplicity adopted a catechetical style which is somewhat novel in this sort of literature.
The above books are the best of their kind, and will be promptly forwarded upon receipt of price.
THE CHICAGO BANKER,
407 Monadnock Block, Chicago.
INVESTMENTS
Have you $1,000 or less to invest in a producing and paying proposition if I lay before you facts which prove that you can earn on an average 20% each year for the first five years? I have the facts ready to show you. Write, call or phone Central 3438. E. R. South, 711 Schiller Building, Chicago, 111.
Buy now - Tuolumne copper, 3%. Buy now —Butte & Superior, 2^. Carling, Kelly & Co., 133 La Salle St., Chicago, Brokers. Specialists in Copper Stocks. Patronage of bankers given special attention.
rize, but tells only plain facts of the relation of the bond to its issuing corporation, and of the general investment aspect ol the instrument.
Money and Credit. By Wilbur Aldrich. Postpaid, $1.37.
This volume contains much valuable information and much sound discussion on money and credit.
Principles and Practice of Finance. By Edw. Carroll. Postpaid, $1.85.
A practical guide for bankers, merchants, and lawyers. Together with a summary of the national and state banking laws, and the legal rates of interest. Tables of foreign coins, and glossary of commercial and financial terms.
The Banking and Currency Prob’ems in the United States. By Victor Morawetz. The author takes up the problem of the national monetary commission, appointed by congress, and discusses the means of providing a permanent safe guard against money stringencies and panics. Postpaid, $1.10.
The Monetary and Banking Problem. By Logan G. McPherson. i2mo. Cloth, $1.00. Postage, ioc.
These articles have elicited the praise of both economists and bankers.
The Principles of Money and Banking. By Charles A. Conant. It is a new and complete exposition of its subject. Two volumes. Postpaid, $4.25.
The Pitfalls of Speculation. By THOMAS Gibson. Postpaid, $1.20.
A book dealing exclusively with marginal speculation, and analyzing in a clear and simple manner the causes of failure in speculation, with a suggestion as to the remedies.
BOOKS ON BANKING, FINANCE AND ECONOMICS
Credit. By J. Lawrence Laughlin, of the Department of Political Economy, University of Chicago. Postpaid, 53c.
״^The nature of credit and its effect on prices have long been a subject of disagreement among economists. Its basis is commonly assumed to be money or bank reserves.
Essentials of Business Law. By Francis M. Burdick, LL. D., Professor of Law in Columbia University. i2mo. Postpaid, $1.50.
This book is not written for lawyers, nor for professional students of. law, but it shows how the rules of law governing the commonest business transactions have been developed, and it tells what they are to-day. Technical law terms have been discarded as far as possible, and when they are used they are so explained and illustrated as to be easily understood. The principles of law are not set forth in the form and style known to the leather-bound law book, but are simplified and expressed in clear, lucid, everyday speech.
Foreign Exchange. Tables converting foreign money into United States money, and United States money into foreign money at all commercial rates of exchange used in financial transactions between the United States and foreign countries. All about foreign exchange, including various forms 9f foreign commercial paper and teims, abbreviations, etc. For banks, bankers, steamship agents, importers, exporters and manufacturers. Cloth, $5.00.
Government Regulation of Railway Rates. By Hugo R. Meyer. A Professor of Political Economy in the University of Chicago. Postpaid, $1.60 net.
Investment Bonds. By F. Lownhaupt. Postpaid, $1.90.
Prospective investors who wish to make advantageous use of their money will do well to take notice of this volume. The author does not theo-
Albert L. Pope, president of the Pope Manufacturing Company, has been elected a director of the American National, Hartford, Conn., to succeed Adolph W. Gilbert, resigned.
The State Bank of Rosemount, Minn., has filed articles of organization with a capital of $10,000.
E. H. Nall has been elected to the assistant cashiership of the Henderson National, Huntsville, Ala.
A new bank is to be organized at Shamo-kin, Pa.
The Farmers State Bank is the title of a new enterprise, Newville, Ala. George Malone is president; J. J. Espy, vice-president, and H. C. Price, cashier.
Oscar P. Welborn succeeds B. C. Downey, resigned, as assistant cashier of the American National of Indianapolis, Ind.
The First Bank of Superior, Wyo., has been organized. Capitalized at $10,000.
The lone (Wash.) State Bank has been organized. L. L. Mathews will be cashier.
R. L. Wray has been elected to the cashier-ship of the Monmouth (111.) Trust & Savings Bank.
M. A. Lucas has been elected a director of the Bank of Clarksville, Ark., to fill the vacancy caused by the death of J. W. Mitchell.
A new bank building is to be erected by the Hollow Rock (Tenn.) Bank.
James C. O’Neil has been chosen as a director of the North American Bank and Trust Co., Wilmington, Del.
It is stated that K. O. Slette of Culbertson has been visiting Wagner, Mont., with a view of opening a bank.
J. Thurmond is the cashier of the branch of the Peoples Bank of Evergreen, Ala., at Castleberry, Ala.
The Farmers and Merchants Bank of Comstock, Neb., has been incorporated with a capital of $20,000.
Bank Notes
IT. C. Neer succeeds Robert Dickson as vice-president, and Jesse E. Braanen becomes cashier of the First National of Westwood, N. J.
A new bank has been organized at Sanford, Mich. C. J. Walker is interested.
The Madras (Ore.) State Bank has been organized.
The Benomine State Bank is the title of a new enterprise at Benomine, Texas.
The Bank of Yanceville, N. C., will erect a new bank building.
John H. Schumann has been elected to the presidency of the German Savings Bank of Brooklyn, N. Y. Charles Froeb was chosen first vice-president.
A new bank building is to be erected by the People’s Bank of Adairsville, Ga.
C. W. Dixon succeeds J. W. Donohue as president of the First National, Perham, Minn.
The Farmers Savings Bank of Sac City, Iowa, has increased its capital stock from $20,000 to $50,000.
The Deep River (Conn.) National has elected H. J. Brooks president and W. A. Brothwell vice-president.
The Farmers Bank of Crosby, N. D., has been organized with a capital of $15,000. E. C. Halverson, Christ Semingson, and J. O. Odden are promoters.
The Bank of Mount Solon (Va.) has been organized. M. Bruce Whitmore is president, and W. B. Todd, cashier.
A new bank has been organized at Poulsbo, Wash. W. E. Hanson of Lansboro, Minn., will be cashier. The capital of the institution will be $10,000.
George S. Schermerhorn has been elected cashier of the National Exchange Bank of Castleton, N. Y., to take the place of Osborn Earing.
The Dunbar (Neb.) State Bank has begun the erection of a new bank building.
Milwaukee News Letter
(Continued from page 11) well dressed. In some manner they have secured blank checks of the Edward Hines Lumber Company, of Ashland, Wis., and are filling out these checks in various small amounts and cashing them at grocery stores and saloons. The checks are drawn upon the Ashland National.
From ’Way Down South
In a recent issue of The Chicago Banker mention was made in these columns of a handsome souvenir given to clients by the First National of Milwaukee, consisting of a handsomely engraved volume of the “Coins of the World.” That even the smallest item does not escape the eye of The Chicago Banker’s readers is evidenced by an inquiry received by the First National for one of the books from Huntsville, Ark.
Personal Mention
E. C. Smith, president of the Markesan State Bank, Markesan, was a recent visitor in Milwaukee.
Louis Schriber, cashier of the Old National of Oshkosh spent several days in Milwaukee recently on business matters.
A. Wall, credit clerk of the First National, Milwaukee, has undertaken to instruct the junior clerks of his bank in political economy. Talks upon this subject under his leadership will be held once a week during the winter months and under “Prof.” Wall it is said “quizzes” will be unusually severe.
A meeting of the Milwaukee Chapter of the American Institute of Banking will be held on the evening of November 12th.
President Oliver C. Fuller, of the Wisconsin Trust Company, accompanied by his wife, left Milwaukee Frida)־׳ for a week’s trip through the East on pleasure bent.
School Bond Issue Lost
The proposed issuance of bonds amounting to $10,000 for a manual training school at Waukesha was defeated by 497 votes in the special election recently held in that city.