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THE CHICAGO BANKER
November 27, !pop]
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nis for W. H. Pratt, Jr., who is the cashier and does the work. Mills and Dennis do the “rest.”
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card,” the back of which contains a fine picture in colors of the bank building. This is a double play.
u\v/hat is a good bank and what makes it *V good?” is the title of a booklet sent out by the Citizens National of Tipton, Ind. The bank described isn’t a bit like the one Mr. Shirk entrusted to a couple of irresponsibles, in the same town. F. E. Davis is the cashier of the Citizens.
100 per cent to make good the deficiencies. It ought to be that the directors, such as they were, should pay double, or, all of the losses as an alternative. Directors who do not direct ought to pay. Then they would begin to take notice.
UPEABOARD” G. BAYNE, New York, will
O be glad to send you a copy of his new book, “A Fantasy of Mediterranean Travel.” Banker Bayne is a “humorist,” all right.
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municipal and corporation bonds, has opened a Chicago office with Herbert P. Weil as resident manager. They are located in room 1137 First National Bank building. Mr. Weil has traveled for this firm throughout Ohio and Indiana and has a wide acquaintance among the bankers of the two states named.
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year at $20,000,000. When the railway is furnished he looks for a flood of cheap copper on the market.
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came in handy when as governor he wished to bring the Gould roads to terms. He said that if the M. P. doesn’t improve her service it can be done under a state receivership, and he meant it.
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Most of them are personally very much in earnest in the movement which means so much for the city and the states on both sides of the river.
Cashter.
Panama Finances
Panama, November 21.—According to a new system which has been established all financial accounts in connection with the Panama government are centralized here, thus permitting the government to know at all times the exact financial condition of the republic. The secretary of finance invited prominent representatives of all the parties to his office yesterday afternoon to examine the books of his department, and an order has been issued that any citizen who so desires may be allowed to examine the books of the national treasuries.
The New Union Bank and Trust Company, of Searcy, Ark., has elected the following officers : W. H. Lightle, president; W. G. Caldwell, vice-president, and James E. Lightle, secretary and treasurer.
the virtues of farming and the wisdom of encouraging the work of reclamation. The convention opened Tuesday, November 16th and closed Saturday, November 20th.
WHEN you look over the national bank statements, latest call, just note the stride the Hamilton has taken on. Lias kept it up for some time, too.
IN the matter of the sugar trust frauds the public just hankers for criminal prosecutions and has no stomach for congressional investigations.
ttjrjOOR CORSA,” the phrase that Wilbur F.
*A Wakeman, the former appraiser, used last Tuesday in speaking of Henry C. Corsa, the assistant sampler on the Jersey docks, who took to Mr. Wakeman the money given him by the Sugar Trust’s briber. This was the money that Mr. Wakeman took to Lyman J. Gage, secretary of the treasury, who referred him to Henry O. Havemeyer with the evidence. What happened there has been told already. Corsa’s official head was chopped off.
AN Ohio bank cashed a bogus “Chas. A. Stevens” check for “Eigth” dollars and might have known that the big silk merchant and club man could spell better than that. Neither does he spell the windy month “Merch.” Easy money in Ohio!
ANOTHER “new national bank for Chicago” rumor is going the rounds. Close behind is the talk of a new trust company by one of the big nationals.
WHEN in St. Louis next summer calling upon President Walker Hill, in the new bank building, you will walk on “velvet textured marble, almost noiseless.” More than that, the air you breathe will have been “washed and cooled” which will help some.
FORTY millions in deposits is the aim of the Girard National of Philadelphia, and getting closer to it at every call. This time it is
.025.07־645־$37
OF all the banks in Chicago the statement of the First National of Englewood is the first to reach this office after each call. This time “N. E.” must have been on the stairs, for he was hours ahead of the procession. The deposits are close to three millions, up in nine years from half a million.
CALFEE is sending out a mighty handsome booklet covering in detail the beauties and advantages of the new banking rooms of the Mechanics-American National, at St. Louis. The illustrations and the press work are of the very first order.
National surety co. says: “it is bad
business to sign or accept personal bonds. Bad every way you look at it—bad for the friend who signs, bad for the friend asking the favor, and bad for the person accepting such security—it is thrice bad.”
THIS same surety company which is such a favorite with bankers, asks and answers this important question:	“Are you not doing your
‘trusted man’ a positive injustice by not requiring him to give bond ? The restraining influence of a bond strengthens the determination of men to be honest. Temptations do not easily pierce bonded honesty.”
A SNUG two-year-old is the Brule National of Chamberlain, S. D. Deposits are $307,-000 and the overdrafts are $6.39. This is the little plant started by C. B. Mills and N. R. Den-
ALFRED H. CURTIS, of kindly memory, is sending out to his Western friends a traders memo booklet of high degree, for S. H. Pell & Co., New York, of which firm he is the manager. The company’s offices are on the 25th floor of the Wall Street Exchange building, a splendid place to visit for “seeing the city” purposes, when in New York.
MONEY situation rather mixed in Chicago.
Southern banks loaning money in Chicago when they might have been expected to be borrowers, and gold going abroad when it ought to be coming in. Bankers' balances, kept at this center, never showed up in such unexpected ridges as they did on last call day.
OKLAHOMA CITY is to be the metropolis of the far Southwest within a comparatively few years, according to James B. Forgan, who has returned from a visit to the bustling city in the latest additions to Uncle Sam’s family. His visit was made in company with Edward Morris, and they inspected the big packing factory which Morris & Co. are about to add to that city’s industries.
MR. FORGAN said that nowhere else had he seen so much evidence of prosperity, and that it was not a boom, but a steady growth. He said the situation reminded him of that at Minneapolis twenty-eight years ago, and it is his belief that Oklahoma City will soon occupy the same position in the Southwest that Minneapolis now does in the North.
HENRY M. CARPENTER, ex-president of the Iowa Bankers Association, and for 31 years connected with the bank and its predecessor, has been elected president of the Monticello (la.) State Bank. H. S. Richardson was advanced to the cashiership. Mr. Carpenter has been the “presiding genius and builder up” of the bank during the whole of its remarkable growth, and his election to the presidency had been earned many times.
IT is announced that congress will investigate the sugar scandals; but no light is thrown on the interesting point whether the members who framed the sugar tariff schedules will be on the investigating committee.
Dissolution of the firm of James a.
Benedict & Co. brings into existence the firm of Bayne, Ring & Co., consisting of Paul Bayne, Geo. S. Ring and Chas. A. Worthington, of New York, as general partners, and S. G. Bayne, of New York; T. Wister Brown, of Philadelphia; Chas. Lathrop Pack, of Cleveland, and Joseph Seep, of Titusville, Pennsylvania, as special partners to deal in commercial paper and bonds. The firm will have a Chicago office at 288 La Salle Street, with 11־. W. Ladewig, who for the past three years was with the Benedict firm, as Chicago manager. Mr. Ladewig was for ten years with the American Trust and Savings Bank and was a charter member of the American Institute of Banking. No reason why this firm under the aggressive management of Mr. Ladewig should not be successful in this territory.
CHICAGO EXAMINER is to be congratulated for the complimentary banquet given by them to the delegates to the National Farm Land Congress, at the new Hotel LaSalle on November the 19th. Five hundred men from the South, West and East sat down to the banqueting tables to meet on common ground. Bankers, governors, senators, editors, and farmers in speeches told of the achievements of irrigation,