7
THE CHICAGO BANKER
November 20, 1909]
C. M. Kuhns
Carey M. Kuhns, for fourteen years a general bookkeeper at the Fletcher National, Indianapolis, and well known on account of his activities in the American Institute of Banking, has accepted a position with Marwick, Mitchell & Co., chartered public accountants of Chicago, and assumed his duties November 1st. Mr. Kuhn’s selection by this company as one of its force of bank examiners is regarded as a recognition of peculiar and unusual ability, and is also attributed in part to his activities in promoting the work of the institute.
Mr. Kuhns was one of the charter members of the Indianapolis chapter of the American Institute of Banking, and was later its president. He is also active in the affairs of the Indiana Society of Chartered Public Accountants. It has headquarters in New York City and a branch in Chicago, to which Mr. Kuhns will be attached. His work will be largely the private auditing of bank accounts for which only the most skilled and thorough accountants are employed.
Elected to Cashiership
Robert M. Butterfield, receiving teller at the German National, of Little Rock, Ark., has been elected cashier of the Rose City Bank to succeed R. E. Stevenson, at a meeting of the directors. The board re-elected the officers of the institution as follows: President, J. M. Stewart; vice-president, S. D. Knox; secretary-treasurer, A. H. Lange.
and very strong community of interest. The telegraph and telephone, the night trains, and the swift mail and express service have in a large measure eliminated the business distance between the two cities.—Wall Street Journal.
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New Comptroller for New York
Clark Williams is the new comptroller of New York state. He takes the place left vacant by the death of Mr. Gaus. Mr. Williams was appointed superintendent of banks by Gov. Hughes in 1907, and held that office till he accepted the new one. Before that he was vice-president of the Columbia Trust Company of New York City.
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Bank Clearings Still Heavy
The total bank clearings for the United States for the week ending November 13, 1909, were $3,606,306,359, as compared with $3,638,921,237 last week, and $3,591,055,781 for the corresponding week of last year.
As compared with last year, the total clearings have increased 0.4 per cent. New York City reported a decrease of 7.3 per cent, and Boston of 9.6 per cent, while New Orleans shows an increase of 40.6 per cent and Baltimore of 29.6

per cent.
Open December 1st
The City Bank of Syracuse, New York, will open for business December ist, with $200,000 capital and $20,000 surplus. John Dunn, Jr., is president; Warren C. Brayton, first vice-president; Evans S. Kellogg, second vice-president, and G. L. Tickner, cashier.
NATIONAL STOCK YARDS NATIONAL BANK
An institution with ample capital offers perfect service to Bankers interested in live stock business at the St. Louis National Stock Yards
NATIONAL STOCK YARDS	־ - ־	ILLINOIS
Peoples Savings Bank & Trust Co.
Capital and Surplus, $285,000 Deposits, $2,317,110
Solicits Accounts and Collections from Banks, Firms and Individuals on Favorable Terms
WM. BUTTERWORTH, PRES.	NELSON H. GREENE, VICE-PRES.	C. W. LUNDAHL, CASH. AND SEC.
Hollingshead & Campbell
The firm of James A. Benedict & Company of New York, Chicago and Hartford, the oldest note brokerage concern in the country, has been dissolved. Mr. Benedict has become a general partner in the firm of Hollingshead & Campbell, Hanover Bank building, New York, bringing over Benedict & Company’s good will, all books, data, etc., and contributing capital.
Hollingshead & Campbell have been in business since 1901 when they succeeded the firm of Messrs. Dix & Phyfe who were established in 1876 and who were the pioneers in presenting commercial paper to the attention of bankers through traveling salesmen.
Hollingshead & Campbell is one of the four largest commercial paper houses in the country and the amalgamation of the capital and business of James A. Benedict & Company with their own, will make them one of the strongest factors in their line throughout the country. They have offices in New York, Philadelphia, Chicago, St. Louis, Boston, Hartford and Seattle, and travel more salesmen than any of their competitors.
The general partners of the new concern will be John P. Hollingshead, Wm. Doyle Campbell, Wm. George Heath, Wm. M. Papper, Harold W. Lahey and James A. Benedict.
Kalamazoo Savings Bank
The Kalamazoo Savings Bank and the State Bank of Kalamazoo are making all preparations for the consolidation of their two banks. The business of the two banks will be transacted at the Kalamazoo Savings Bank quarters. This will make the Kalamazoo Savings ope of the leading banks of that section of Michigan.
Central Bank to Be at Chicago?
Another statement made by Senator Aldrich seems to have attracted more attention in New York than in Chicago. He asserted that if in the establishment of a perfected monetary and banking system the American people show the wisdom and vigor of which they are capable, then soon after that system has been established, our supremacy as the money power of the world will be acknowledged, and bills drawn upon Chicago, and accepted by the merchants and banks of that great city, will have a value and currency in the world’s market equal to sterling bills drawn on London. It is possible that Senator Aldrich spoke in compliment to Chicago, and yet it does seem hehe as though he is of the opinion that if there be a central bank established, Chicago rather than New York is the place for it. If that be his view, it mav be that he recognizes fully the importance of the political considerations which must be fully met if we are to have a perfected monetary and banking system.
And yet, after all, it would make little difference whether the central bank were established at Chicago or at New York. Already the two cities are, so far as banking influences are concerned, establishing very close interrelations
Joyce & Company
(Incorporated)
General Agents
The Rookery Bid¿.	Chicago, Illinois
ILLINOIS ADVISORY BOARD Charles G. Dawes, Resident Vice-President A. J. Earling	David R. Forman John A. Spoor
Walter H. Wilson	M. J. Kirkman
COUNSEL
Calhoun, Lyford & Sheean	Winston, Payne, Strawn & Shaw
National Surety Go.
Of New York
Fidelity and Surety Bonds Burglary Insurance