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THE CHICAGO BANKER
November 13, 1909]
FOURTH STREET NATIONAL BANK
OF PHILADELPHIA, PA.
Capital -	-	$3,000,000.00 ־
Surplus and Profits 6,000,000.00 ־
UNEXCELLED COLLECTION FACILITIES CORRESPONDENCE INVITED
R. H. RUSHTON, President	E. F. SHANBACKER. 1st Vice-President
B. M. FAIRES, 2nd Vice-President
R. J. CLARK, Cashier	W. A. BULKLEY, Assistant Cashier
W. K. HARDT, Assistant Cashier FRANK G. ROGERS, Manager Foreign Exchange Department
SHORT, STANTON & CO.
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CHICAGO	CINCINNATI
533 First National Bank Building	1005 Fourth National Bank Building
Telephone Central 6047	Telephone Main 1280
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panied by one from Secretary George D. Bartlett of the State Bankers Association, asking the bankers to assist the committee as much as possible. The questions are now in the hands of all banks within the state and it looks as though the national banks, at least, would answer all of the queries, as it is said that they include only the information that the bank give to the comptroller of the currency several times each year on call.
But from some of the smaller state banks there appears to be some objection on the ground that to answer all of the questions would entail so much clerical work as to require many days of work. To date sixty of the state banks have returned satisfactory schedules so that it is thought this objection wil not impair to any extent the work of the committee.
New Bank in Mineral Point
State Banking Commissioner M. C. Bergh has approved the articles of incorporation of the Iowa County Bank at Mineral Point. The capital of the institution is $25,000.
Bankers to Hear Aldrich
Cards have been issued by the Merchants and Manufacturers’ Association for the address of Senator Nelson Aldrich on the monetary question, in the Auditorium, November 15th. The meeting will be held in Plankington hall. The address will be under the auspices of the association and each member has been allotted one card. State bankers have been urgent in their demand for seats and provisions have been made to accommodate their requests. Among the members of the Wisconsin special legislative committee who have signified their intention of attending are the following: Senator Walter C. Owen, Maiden Rock; Senator H. C. Martin, Darlington; Senator James A. Wright, Merrill; Hon. L. C.
(Continued on page 30)
to give reliable and conscientious answers to the questions propounded.”
The questions fill two sheets of foolscap and embrace about all the operations of the banks and their business. Following the questions referring distinctly to the operation of the banks are some questions regarding certain changes in the banking laws which it would seem the committee is considering. These questions are:
“Do you think the practice of the bank loaning money to its own officers should be prohibited by law?
“Do you think that the bank should be required to increase its capital when the deposits exceed a certain multiple of its capital and surplus?
“Would you consider legislation with a view of compelling directors generally to keep in more intimate touch with the affairs of the bank wholesome legislation ?
“Do you favor segregation of savings deposits from commercial?
“Do you favor legislation providing for more frequent examination of banks?
“Do you see any objection to legislation making double liability of stockholders payable upon the call of the commissioner of banking when deemed necessary by him to repair the capital stock of the bank?”
Suggestions are also asked in general for the improvement of the banking laws.
The above letter from Mr. Rhodes is accom-
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protective organization. He represented the Wisconsin bankers.
“The number of bank robberies of late has been unusual and it was decided that extraordinary efforts are necessary to curb their work,” said Mr. Bartlett. “The force of detectives in the employ of the association will be doubled for the next month. The work of bank robbers usually lets up after snow falls, as it is impossible for bandits to sleep in the open air or in deserted buildings. The ‘Twin Cities’ are hotbeds for bank bandits. They jump into Wisconsin or the Dakotas, commit a robbery, and then rush back into the two cities, preferably St. Paul. It is most unusual, however, that North Dakota has not had a bank robbery this fall.” To Learn Condition of State’s Banks
The Wisconsin special legislative committee on banking has sent out through its secretary to the banks of the state a list of questions, which, if generally answered, would place the committee in possession of the condition of every bank in the state. The questions are sent out for the purpose of every bank in the state. The questions are sent out for the purpose of obtaining information which will enable the committee to draw bills for presentation to the legislature.
In his letter accompanying the questions, Secretary Rhodes says:
“The special legislative committee appointed to consider the subject of banks very much desire the information which will be disclosed by intelligent answers to the questions propounded on the inclosed separate sheets. We hope that the direct interest which the banking fraternity has in the conclusions of this committee will prompt every banker in the state to co-operate with the committee in its endeavor to secure an intelligent basis upon which to found its conclusions, to the extent of devoting such time as may be necessary
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