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THE CHICAGO BANKER
December 4, rpop]
Second National Bank
PITTSBURGH, PA.
CAPITAL STOCK	-	$1,800,000
SURPLUS -	-	-	2,000,000
HENRY C. BUGHMAN, President
WM. McCONWAY, Vice-President	JAMES M. YOUNG, Cashier
THOMAS W. WELSH, Jr., Vice-President BROWN A. PATTERSON, Asst. Cashier
Depositary of the United States, the State of Pennsylvania and City of Pittsburgh
DIRECTORS
HENRY C. BUGHMAN, _ WM. M. KENNEDY,	FRANK C.	OSBURN,
President	Commonwealth Trust Co.	Attomey-at-Law
ROBERT D. ELWOOD,	JAS.	S. KUHN,	EDWARD	B. TAYLOR,
of R. D. Elwood & Co.	Pres. Pgh. Bank for Savings	Vice-Pres. Penna. Co.
CHAS. W. FRIEND,	WM.	McCONWAY,	FRANK S.	WILLOCK,
Clinton Iron & Steel Co.	of McConway & Torley Co.	of Westmoreland Brick Co.
THOS. D. CHANTLER,	WM.	L. CURRY,	L. L. McCLELLAND,
Chantier & McCIung	McKeesport Tin Plate Co. Secretary J. S. & W. S. Kuhn, Inc.
Accounts Solicited—Our facilities insure prompt attention
A Great International Bank
C, The First National Bank of Pittsburgh has spent years in arranging a system of corresponding banks throughout the world.
CL Through these correspondents it is able to give exceptional service to its clients in all foreign financial matters.
Exports and Imports Financed Report on Standing of Foreign Firms Obtained Correspondence Conducted in all Languages Principal Cable Codes on File
Information Regarding Foreign Securities Furnished Foreign Bonds and Couoons Collected Drafts on all Countries Bought and Sold
riDCT NATIONAL BANK OF rlilkSi PITTSBURGH, PENN.
Banking Notes
The Gwyther, (N. D.) State Bank with a capital of $10,000 has been incorporated by Hiram E. Lyons of Minneapolis, Minn.; Chas. L. Timmerman and L. Jos. Hess, both of Mandan, N. D.
The Newville (N. D.) State Bank with a capital of $10.000 has been incorporated by Jos. M. Kelly, Devils Lake. N. D.; J. R. Clausen, Wim-bleton, N. D., and E. E. Clausen, of Newville.
The Heaton (N. D.) State Bank with a capital of $10,000 has been incorporated by C. S. Atkinson ; K. J. Atkinson and C. L. Smith all of Aykeston, N. D.
A. R. Jacobs, assistant cashier of the State Bank of Dillon, Mont., has resigned that position. This report is accompanied by the statement that he has purchased an interest in the Missoula Trust & Security Bank at Missoula.
A new bank is being organized at Sidney, Mont., capitalized at $20,000; incorporators: D. H. Beecher, of this city; Geo. E. Towle of Minneapolis, R. S. B. Nutt of Mondak, and John R. Meader, Sidney.
The Leipzig (N. D.) State Bank, with a capital of $10,000, has been incorporated by Hiram R. Lyon, Minneapolis; Chas. L. Timmerman and Jos. P. If ess, both of Mandan, N. D.
The Savings State Bank of Minot, N. D., has been changed to the Northwestern Deposit Bank.
The Farmers’ State Bank of Mott, N. D., with a capital of $12,000, has been incorporated by E.
A.	Movius, J. R. Movius, M. R. Movius, all of Ligerwood, N. D.
The New Bank of Commerce has begun business at Geneva, Neb. Peter Youngers, president; Floyd Seybolt, cashier.
The Farmers and Merchants Bank of Gretna, Neb., has been reorganized. Peter Manged, president; H. H. Martin, cashier.
The Cudahy Packing Co., Wichita, Kan., is concerned in the establishment of a new bank in the North End.
The First State Bank of Dood City, Tex., is reported with $10,000 capital. The incorporators are R. E. McClary, T. D. Neal, John Hodge and
B.	C. Beasley.
The Corvallis (Mont.) State Bank has incorporated with $25,000 capital. Among those interested are J. S. Hopkins, F. C. Talboys and Joseph Bowden.
cash against their deposits and the state banks and trust companies 31 per cent.
Best City for a Bank
“There are two reasons why I decided to start a bank in Kansas City,” said the Rev. J. T. M. Johnston, the preacher-banker. “My son, who is in our bank at Muskogee, and I wanted to be together. I suggested that he go to St. Louis and he came back with the proposition that we take a look at Kansas City. We came here with our wives, made half a dozen trips, investigated every phase of the city’s growth and reached the conclusion that no city in the United States had promise of a bigger future than Kansas City. We decided to come here and start a bank, and here we are. The new bank will open March 1st in the old Boley building at the corner of Tenth and Main streets. The capital stock has been twice over-subscribed.”
To Build New Building
The First National of Waco, Texas, is considering the erection of an eight-story office building on the site now occupied by that institution, corner Fifth and Austin streets, and work will probably begin early next spring. It will cost something like $150,000 and will be equipped with all modern conveniences.
Incendiaries Try to Destroy Bank Building
That incendiaries are making a determined effort to destroy the First National Bank building of Tulsa, one of the largest office buildings in Oklahoma, is indicated by the fact that it has been on fire six times within the last six weeks. Early this morning it was found on fire. A can of kerosene was found on the second floor. The loss was $500. A month ago the building suffered a loss by fire of $5,000. Detectives are working on the case.
Montreal Banker Studying Texas Investments
Ferdinand D. Bruyssel, a banker of Montreal, arrived in San Antonio November 23d in his automobile. He is en route to the Brownsville country. He is making the trip in easy stages, studying conditions as he goes along. It is understood that he represents a Canadian syndicate seeking investment in Texas.
Reserve Agents Appointed
Reserve agents were designated by the state department of insurance and banking for the following state banks:	For the Tulia Bank and
Trust Company, the Houston National Exchange Bank of Houston; for the Buckholdts State Bank of Buckholdts, the Guaranty State Bank and Trust Company of Dallas.
Kansas City Banks Make Good Showing
The fall statements of the national banks under the call of the comptroller of the currency for November 16th are out, and all things considered make a good showing.
That there should have been a falling off compared with the last statement was expected, for then the crops had not fairly commenced to move. They were large, and the high prices required more money to handle them than previous years, and money has been held back in the country longer than usual on account of the indisposition of the farmers to sell their stuff at prevailing prices, preferring to borrow money from their home banks and hold for a later rise. And the city banks have had to help out the country banks in this arrangement.
The loans, however, are $1,650,786 heavier than at the same time of the last call, and $7,-127,338 greater than November of last year. Cash and sight exchange show a falling off compared with the September call of $5,036,994, but only $341,024 less than at the November call last year. Total resources are now $3,222,752 lighter than in September, but at the same time $8,255,-674 greater than this time last year.
The state banks and trust companies, doing largely a home business, held their own since the last call better than the national banks, who have had to bear the brunt of the country drain. Their deposits show a gain since the last call of $690,-901, and $2,186,649 over those at the November call last year. Loans and discounts are also $776,217 heavier than at the time of the last call, and $2,306,865 greater than this time last year.
Cash and sight exchange, however, is $350,148 lighter now than in September, and $597,428 less than at the November call last year. The total resources are $739,623 greater than at the time of the last call, and $2,189,060 heavier than at the November call last year.
The combined deposits of the national and state banks and trust companies are now $121,-062,356, against $124,444,574 at the last statement and $113,686,085 this time last year. The combined loans are $77,818,869 against $75,391-866 at the last call and $74,523,687 last November.
The combined cash and sight exchange is $46,-746,794, against $52,133,936 at the last call and $47,685,266 at the November call last year. The combined total resources are now $141,507,766, against $143,990,895 at the time of the last call, and $131,063,032 this time last year.
The national banks now hold 40 per cent of