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THE CHICAGO BANKER
December 4, 1909]
Marshall & Ilsley Bank
Milwaukee, Wis.
ESTABLISHED 1847
Capital $500,000 Surplus $370,000
Oldest Bank in the Northwest Conservative Progressive
We take pleasure in placing our facilities at your disposal and should be pleased to have you write us if you are contemplating opening either an active or a reserve account in Milwaukee.
OFFICERS AND DIRECTORS
JAMES K. ILSLEY, President
JOHN CAMPBELL, Vice-President HARRY J. PAINE, Asst. Cashier JOHN H. PUELICHER, Cashier	G. A. REUSS, Mrfr. South Side Branch
SAMUEL H. MARSHALL	J. H. TWEEDY, Jr.
ROBERT N. McMYNN	C. C. YAWKEY
GUSTAV REUSS
The Audit Company of Illinois
1439-42 First National Bank Building, Chicago
Specialists in Auditing! and Systesta-atàæingf Public Sendee Corporations
C. W. KNISELY, C. P. A.
President—Manager REFERENCES:
Leading Bond Houses dealing in Gas, Electric and Railway Securities
New Goerz Catalog
photographic work, should have a copy of this new catalog.
As a means to better photography, the lens is of first importance. We claim that
GOERZ LENSES
are the best means to that end. The catalog tells why, in an understandable way, and shows proof in the shape of many and varied illustrations. It gives, besides, much valuable general information on the lens question.
You will be interested, too, in the new Goerz cameras; the Vest Pocket Tenax, the Pocket Tenax and the Folding Reflex. Then there is the new Tenax shutter and the yellow ray filters—but get a copy and see for yourself, it may be had for 6 cents to cover cost of mailing. We would also appreciate it if you would mention this magazine and your dealer’s name when writing us, or if you prefer
Ask your dealer for a copy, free
Among the most recent of the numerous triumphs of Goerz lenses, is this:—Practically all the photographic work on the successful Peary—North Pole Expedition, was done with the Goerz lens.
C. P. GOERZ AMERICAN OPTICAL COMPANY
Office and Factory: 79 EAST 130th STREET, NEW YORK
Dealers’ Distributing Agencies: For Middle West: Burke & James, Chicago; Pacific Coast, Hirsch & Kaiser, ban Francisco; Canada, R. F. Smith, Montreal.
rency movement for the week ending yesterday : Received from interior institutions, $7,339,000; shipped direct to interior institutions, $1,969,000; net receipts, $5,370,000, against net receipts of $3,095,000 last week, net shipments of $3,307,000 in the week ending November 12th, and net shipments of $142,000 in the week ending November 5th.
A, J . JACKSON Cashier, First National Morrison, Illinois
Bank Merger in Indiana
New Albany, Inch, November 29.—A merger of the Second National Bank and the Merchants National Bank, of this city, the former with a capital stock of $200,000 and the latter with a capital of $100,000, was completed to-day. The capital of the new concern will be $300,000. The consolidated concern will be known as the Mer-chants-Second National Bank, but will do business at the stand of the Merchants National Bank, the scene of the recent daring attempted bank robbery in which J. Hangary Fawcett, the cashier, was murdered and J. K. Woodward, the president, was dangerously wounded. Earl S. Gwin, president of the Second National Bank, will be president of the new institution, and George A. Newhouse, the newly elected cashier of the Merchants, will be cashier.
F irst N ational Bank
The first time lock ever sold was purchased by the First National Bank of Morrison, Illinois and the officers of this bank offer the public, today, the best and safest protection a bank can give. After forty-three years of business the First National continues to prosper capital and surplus being $168,000 and deposits $302,000. The National Park Bank of New York City, the Continental National and the First National of Chicago are its correspondents. The officers are Edward A. Smith, president; H. B. Wilkinson, vice-president, and Albert J. Jackson, cashier.
V>
Tell Failed Broker’s System
Former employees of Wallace H. Hopkins, former Chicago "broker, on trial before United States Judge Landis, took the witness stand and testified against him.
Hopkins, who is accused by the government of fraudulently using the mails, failed in 1908 and disappeared. He was arrested in Seattle by government detectives.
George A. Ledsworth, former cashier in the office, Frank J. Connelly, former bookkeeper and other employees were called to the witness stand. Connelly said that at the time the company closed its office it was short 189,000 shares of stock and had about $40 or $50 in cash on hand. He also said he knew of instances in which stock put up as collateral by customers had been sold.
Other employees testified that Hopkins took “nippings” and “edgings” off of stock purchased for customers, and in addition to this the regular commission was charged.
V•
New York Banks Gain
New York, November 26.—During the last week the New York banks have apparently gained $1,653,000 cash on operations with the treasury and the interior. This is likely to be more than offset, however, by the withdrawal last Saturday—after the figures for last week’s bank statement were compiled—of most of the $5,900,000 gold shipped to South America that day. The banks gained this week on the direct movement with the interior $5,370,000. There was a loss of $1,617,000 to the government. This week’s gold shipments to South America were $1,500.000, and to Canada $600,000.
Returns compiled yesterday by banks of New York City, through which most of the currency shipments are handled, show the following cur-