31
THE CHICAGO BANKER
November 20, !pop]
At Par and Accrued Interest
Mr. Aldrich was apparently as interested in the questions as they were in the answers.
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to handle grain crops of the Northwest. The senator expressed a desire for information regarding fluctuations, and was told that from thirty to forty million dollars are sent west annually from Minneapolis and St. Paul during crop moving. The further fact was developed that ordinarily this money does not return until the next year.
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money returned. Mr. Decker, who presided, stated that it was withheld until the bankers of Minneapolis and St. Paul made an appeal to their brethren of Chicago to stand behind them. This assurance received, the cash came pouring in in the usual volume.
“Another evidence,” remarked Mr. Aldrich, “that credit is as good as cash.”
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“In the name of currency reform Senator Aid-rich is making his stump tour of the West for a central bank. While sneering at reformers and other ‘cranks,’ Aldrich and his fellow reactionaries use reform as a convenient mantle for their own schemes. Thus they have not ventured to dignify the latest job of tariff spoliation with the title of reform.”
score is even.
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York office.
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addressed the Farm Land Congress at the La Salle Hotel, this week. The Bond Man.
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Life Has a Few Drawbacks
Man comes into this world without his consent and leaves it against his will. During his stay on earth his time is spent in one continuous round of contraries and misunderstandings by the balance of our species. In his infancy he is an angel; in his boyhood he is a devil; in his manhood he is everything from a lizard up; in his duties he is a fool; if he raises a family he is a chump; if he raises a small check he is a thief, and then the law raises the devil with him; if he is a poor man, he is a poor manager and has no sense; if he is rich, he is dishonest, but considered smart; if he is in politics he is a grafter and a crook; if he is out of politics you can’t please him, as he is an undesirable citizen ; if he goes to church he is a hypocrite; if he stays away from church he is a sinner and damned; if he donates to foreign missions he does it for show; if he doesn’t he is stingy. When he first comes into the world everybody wants to kiss him—before he goes out they all want to kick him. If he dies young there was a great future before him; if he lives to a ripe old age he is simply in the way in living to save funeral expenses. Life is a funny road, but we all like to travel it just the same.
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Bank of Columbia County
E. D. Clary, J. L. Phillips, H. S. Paschal, William Lansdell, E. T. Fuller, J. H. Larkin, all of Harlem; John D. Walker, of Sparta, and F. P. King, of Georgetown, Ga., are among the promoters of the new Bank of Columbia county, organizing at Harlem, Ga., with a capital stock of $25,000.
tion. “To care for Oklahoma’s northern business” is the word.
ANTHONY STUMPF, the rejuvenator, has applied his art to the old “Bankers Encyclopedia” and it now is out in new form, completely reconstructed, brought up-to-date and polished to a high finish. It is just the sort of a bank directory the modern banker demands. He doesn’t have to verify its statements; that already has been done for him.
ILLINOIS beat all other states for producing new A. B. A. members in October. The new ones are:	Bank of Antioch, National Bank of
Colchester, Central Trust of Genesco, First National of Herrin, and Hoopeston National of Hoopeston. New Chicago members are Glaser Savings Bank, Thomas J. Bolger Co., and Spencer Trask & Co.
IN Chicago two A. B. A. members under new names are Wm. A. Mason & Co., formerly Mason, Lewis & Co., and North West State Bank which was North West Savings Bank.
FIVE Oklahoma national banks, all members of the A. B. A., converted to state banks during October. They generally changed the word “national” to “state׳'’ and are First State at Duncan, Farmers State at Ponca, Farmers State at Lexington and State Guaranty at Geary, Security State at Sulphur. No changes the other way. This to keep the record straight.
DOWN at Norfolk the “Traders and Truckers” Bank found the title too great a burden to bear and closed up.
WE note with pleasure the indorsement of the A. B. A. Journal of the plan to make the secretaries’ organization a section of the American Bankers Association. Read it! Then let us have a letter stating your position on the matter. Not a man ever spoken to on the subject but has indorsed it most heartily. “Why hasn’t it been done?” is the usual retort. The council will make a grand forward step and recognize an important factor in future A. B. A. aggrandizement by admitting the secretaries, with honor, to the fold. No more sitting in the gallery or begging for badges for these effective gentlemen.
WE have told in another form of a state secretary who held the record for new A. B. A. members for the year, and of his experiences at the Chicago convention. He went to the convention hall and was told to go into the visitors’ gallery. He went to headquarters and only a “guest” badge could be had and this was a “courtesy” and not of right. Wouldn’t this jar you? No official of the association could be blamed. Simply the most useful ally of the big organization had been overlooked. Everybody will be glad when the state secretary becomes an honored delegate-at-large. He thus can work to build up the membership with kindlier feeling. You yet will be proud of the “Secretaries’ Section.”
MACON COUNTY (Mo) has a gold mine.
People in the county have subscribed the one hundred thousand dollars capital and the ore is being milled. It runs $15 to the ton. Potatoes at forty-five cents a bushel run $15 to the ton, but some people prefer gold mines.
SUGAR TRUST employees, you may have noticed, frequently are arrested for robbing the government, but never for robbing the Sugar Trust. How do you figure out the answer?
LAST week’s cartoon showing Senator Aid-rich dancing on the stump to please the whims of the West was only pictorial. The questions they fired at the senator in Minneapolis were real, however. He hasn’t gotten over it yet. They wanted to know a lot of things and
COL. LIVINGSTONE likes Illinois so well that he took all of the chairmen of his three new committees from this delightful spot. They are Fidelity Bonds, John L. Hamilton; Finance, Wm. George; A. I. B., E. D. Hulbert. Neither is the executive chairman to be accused of partiality for, in reality, there could be no other choice. Past history of the committees and work to be done decided that Illinois was the “chosen spot.”
ON the committee with Mr. Hamilton are G.
L. Ramsey, C. Q. Chandler, C. E. Batchel-ler and F. H. Fries. All of these men have served the A. B. A. in former warfare upon the hostiles and simply have been redrawn into the service.
ON the committee with Wm. George are C. H.
McNider of Iowa, and D. McKay Lloyd of Pittsburgh. With Mr. Hulbert are John H. Puelicher of Milwaukee, and D. C. Wills of Pittsburgh. Thus Pittsburgh gets a “double” but it is all for the good of the service. The association is a middle-west creation but not for the purpose of office holding. Men who can and who will do the work are essential.
PRESIDENT PIERSON has given his own place on the bill of lading committee to Clay H. Hollister of Grand Rapids, Mich.
BANKING positions in good old Pennsylvania have a tenure-of-office feature unknown farther west. Wm. Pollock of the National Kic-tanning Bank has celebrated his fiftieth anniversary as its cashier and William H. Peck of the Third National at Scranton after being its cashier for 27 years, has just been elected president.
ANOTHER old time Pennsylvanian, Robert Stewart Smith, president of the Union National of Pittsburgh, was entertained at the Du-quesne Club at a dinner given in honor of the fiftieth anniversary of connection with the institution. Has any other state such a record?
George m. Reynolds, while not exactly
“on the stump” with Senator Aldrich, was quite near it, when “that distinguished statesman” (we quote Mr. Hill) swung round the circle west of Chicago.
MR. REYNOLDS was glad to find E. F.
Swinney back at his desk in the big First National at Kansas City. Mr. Swinney had been resting up after a severe illness.
WE are to have “a continuation of good times for four years—perhaps longer.” This we have straight from Col. J. J. of Cleveland. Col. Sullivan says his own city is going ahead with any of them, also.
WHEN a paper gets rich and prominent troubles follow. The good, old American Banker has been “drawn on” so often by unauthorized persons for real money that a standing “notice” is being carried, “top o’ col.,” on the editorial page. In Chicago, Milwaukee and Pittsburgh banks have been taken in by miscreants using the fair name of our contemporary.
IT being just possible that the “Caution” notice has been appearing where it is not read, we are helping Col. Steurer out. The Col. says:
“In view of our recent unpleasant experience in this respect, we deem it an opportune time to suggest that a great deal of care should be exercised by banks in paying out money to those who claim to be accredited representatives of business houses; and that a very rigid examination of credentials should be made before such ‘accommodation’ is given.”
HO for the invasion! Oklahoma bankers are to buy or start a Kansas City bank. One rumor says they will buy the Security but another gives details for an entirely new institu-