[Volume XXVII
THE CHICAGO BANKER
28
Y ou will buy this Model 19, if you want quality without fancy price
It is an innovation in automobiles. C, No other manufacturer has ever attempted to give so much of real tone in a car selling at this price, and the payment of a thousand dollars more cannot buy a nicer-running engine or easier-riding car. C, It is the only car of established reputation selling at a moderate price. Ct A ride in it will be a revelation to you—especially if you have owned other cars. its flexibility, the power of the engine, the resiliency of the springs, the upholstering—all are of the character that you would expect only in cars carrying a much fancier price. «L Don’t buy any car at any price until you see this Model 19. C, Literature on request
HAYNES AUTOMOBILE COMPANY, Kokomo, Indiana
CHICAGO BRANCH: 1702 Michigan Avenue. Phone, Calumet 617
Licensed under Seldon Patent
sissippi Valley Trust Company; A. O. Wilson, vice-president of the State National; J. Q. Powers, manager of the bond department of the Mercantile Trust Company, and J. D. Davis, vice-president of the Mississippi Valley Trust Company. The names of the other members of the party were not given out for publication. It is understood that these bankers are in Texas for the purpose of acquainting themselves with conditions before taking up the matter of an important bond issue for a large enterprise located in the Rio Grande River section of the state where the Compton Bond and Mortgage Company is already known to have extensive interests. At 9:30 p. m. they left for San Antonio. After spending two hours Friday morning in that city, they left on the Arkansas Pass for Corpus Christi. From Corpus Christi they will leave over the Brownsville road for Southern points. At Kingsville they will become the guests of William Doherty, traffic manager of the road, and C. G. Rogers, general manager, for a visit to the famous King ranch. Brownsville will be reached about the first of next week.
Banking Notes
Arkansas Guaranty and Trust Company, Little Rock; $50,000, with 75 per cent subscribed. H. H. Kirby is president; H. W. Stewart, vice-president and Frank Pace, , secretary and treasurer.
First State Bank, Rio Grande City, Texas, $10,000. Incorporators:	A. Bernheim, W. L.
Dawson, Otho S. Houston and others.
The new Pope County Bank, Russellville, Ark., has been opened for business. R. W. Ferguson is cashier.
The Oakland (Neb.) State Bank has been organized with a capital of $25,000. Geo. W. Mi-mier is president; T. W. Orr, vice-president; Wm. E. Mimier, cashier, and E. S. Foxwood, assistant cashier.
The Farmers State Bank is the title of a newly incorporated institution at La Pryor, Texas, capitalized at $10,000. I. Pryor, of Uvalde, Texas; H. Mangum and W. A. Thomson, of La Pryor,
Day and Night Bank in Kansas City
Plans for an all night and day bank in Kansas City include the construction of an eight-story fireproof building on the southeast corner of Twelfth Street and Baltimore Avenue. The bank will occupy the first floor and the other floors will be leased.
The All Day and Night Bank, the fifth of its kind in the United States, will open for business within sixty days. It will have a capital of $100,000 and a surplus of $10,000. The organization office is in the Reliance Building.
Some of the men identified with the new institution are A. C. Jones, president of the Mississippi Bank and Trust Company, Jackson, Miss.; C. A. Bonds, formerly president of the Security Trust and Banking Company, Jackson, Miss., now a resident of Kansas City; Benjamin A. Stiles, formerly active vice-president of the Everett National Bank of Boston; Earle S. S. Smith, Kansas City; A. A. Whiting, paymaster Kansas City Gas Company, and Cliff Langsdale, city attorney.
“The new bank will give its customers 144 hours of service each week, against twenty-seven hours given by other banks,” Mr. Stiles said. “All of the features of the bank will be open to customers at any time of day or night. The building now on the tract will be occupied until the new one is built.”
Bankers Visiting in Texas
Traveling in two private cars and making a leisurely survey of the country through which they pass, a party of about thirty-seven bankers and capitalists arrived in Houston at 5:30 o’clock Thursday evening, November 18th, and spent a few hours in the city as the guests of the Business League. The tourists are headed by the officials of the W. R. Compton Bond and Mortgage Company of St. Louis, who arranged for this trip into Texas, and among these financiers of St. Louis, Chicago and Kansas City are H. B. Hilliard, president of the Central National of St. Louis; George E. Hoffman, cashier of the Mercantile Laclede National of St. Louis; and the following from institutions of the Missouri city: W. G. Lackey, vice-president of the Mis-
Southwest Banking
(Continued from page 25)
This week Congressman A. P. Murphy of Rolla, Mo., from the sixteenth Missouri district, was appealed to by A. J. Deatherage, treasurer of Shannon county, Mo., for an opinion of the law. Deatherage stated that as treasurer of the county to pay by check was his only method of paying warrants ordered by the county court.
Congressman Murphy, in reply, stated that, in his opinion, it is not unlawful to issue a check for a sum less than a dollar, only in cases where the check is to be circulated in lieu of money, as at the time of the panic in 1907, when banks issued thousands of checks to be used in lieu of lawful money. A check which is made out to a certain person or firm, he believes, is not meant to be included in the statute. He also states the law is not a new one, as was reported, stating that this provision was approved in 1862, and only revised in 1909.
Investigating Other Deficits
In addition to the shortage of $5,921.44 charged to Wann V. Teasdale, ex-paying teller of the Washington National, St. Louis, the officers of the institution are investigating two other deficits and two other employees of the bank are out.
Leon W. Quick, president of the bank and city treasurer, admitted to-day that an inquiry is being made into what appears to the officers to be a shortage of $900 due to a mistake in bookkeeping. The other shortage, of which Mr. Quick would not define the amount, but which is said to be about $3,500, was the result of a mysterious fire which broke out in the bank one night last summer and is said to have destroyed the alphabetical list of depositors from O to Z.
The $900 shortage is due to a bookkeeper’s error. Two men of the same name had accounts in the bank. One had a balance of $2.40 when the other came into the bank and deposited $900. This amount was erronously credited to the man whose balance was $2.40, and the bank lost the money.
“I can say nothing as yet concerning the shortage caused by the fire,” said Mr. Quick. “I have never been able to discover how the fire originated. It was started at 7:30 o’clock in the evening, among the books, when there was no one in the bank, so far as I have been able to learn, except a scrubwoman.”
Boy Bandit Gets $100
An unidentified boy held up August Junge, cashier of the Junge Baking Company, at Joplin last week and escaped with nearly $100. The boy entered the office through a rear door while the cashier’s back was turned. After securing the money the boy fled and is believed to be in Kansas City.
Texas Bank Robbed
A11 unsuccessful attempt to rob the First State Bank of Grand Prairie was made November 15th about 2 o’clock. Two explosions were heard at that time by a number of citizens, but they were not loud enough to attract much attention. Night Watchman Lusk of the Chase Furniture Company, noticed signs of the robbery when he passed the bank about daylight, and examination showed that the vault door was slightly sprung, and one of two bars had been broken. A bolt in the top of the door had been drilled out, it appeared, and the dynamite inserted.
The robbers left behind a pick and a cold chisel. As a precaution against interruption many of the local telephone wires were cut, but the long distance cable was not disturbed.
Tracks about the place indicated that three men participated in the attempted robbery. Cashier J. F. Waggoner says the crudeness of the work done by the men indicates that they are amateurs.