[Volume XXVII
THE CHICAGO BANKER
6
100 YEARS OLD IN 1910
This is the oldest bank in the United States west of the Alleghany Mountains. In February, 1910, it will be 100 years old, having been in continuous existence since 1810. It has passed through four wars and the many severe financial panics of this country, and has never failed to protect its depositors. €J It conducts a general banking business; makes loans and receives deposits, issues letters of credit and makes collections on all parts of the world. €| It desires to extend its connections with banks in all parts of the United States, and invites propositions for the collection of its business. It offers its services to banks and bankers as a collection Agent and Reserve Depositary.
Capital and Surplus $5,400,000.00
OFFICERS
WILSON A. SHAW, Pre«ident	W. F. BICKEL, Caihier	J. M RUSSELL, A.sistant Cashier	J. D. AYRES, Assistant Cashier
HARRISON NESBIT, Vice-Pres.	Tt\0	GEO• F- WR1GHT׳ Auditor
Rank of Pittsburgh
•-✓National -M.A>s>sociation k»*׳
The First Savings Bank is the title of a new enterprise at Yreka. Capitalized at $30,000. Fred E. Wadsworth is one of the directors.
A. F. Andrades is president of the First State Bank of Calexico.
The Upland (Ind.) State Bank has been chartered with a capital stock of $25,000. John Smith is president, and Harry T. Connelly, cashier.
The Russ-Williams Banking Co. of Fern-dale has filed articles of organization with a capital of $25,000. Frank G. Williams is president, Geo. R. Williams and R. S. Feenatz are interested.
J. B. Mayer is president; H. J. Whitley, vice-president, and A. W. Quinn, cashier of the new First Savings Bank of Corcoran. The capital of the institution is $25,000.
The Citizens Savings Bank of Long Beach, reports the following officers:	Frank Mc-
Cutcheon as president; H. S. Callahan, vice-president; C. E. Huntington, secretary, and A. J. Bateman, cashier.
Earl H. Webb has resigned as cashier of the Berkeley National of Berkeley. Dennis Searles and B. S. Edwards were chosen directors to take the place of Dennis McDuffie and Perry T. Tompkins.
The Farmers and Merchants Bank, of Humboldt, Tenn., has filed articles of organization by J. T. Warren, S. F. Forsythe, J. FI. Hamilton, W. A. Cresop, E. Hale and others.
״ E; A. Daniels, vice-president of the Merchants National, of Dayton, Ohio, has been elected president of the institution, to take the place of A. Gebhart.
The First State Bank of Mariette, Okla., has been chartered with a capital of $25,000. D. Batson will be president and J. G. Burtis, cashier.
The Bank of Erwin (Tenn.) has been chartered, with a capital of $25,000. N. T. Tucker W. B. McNabb, G. Barber, R. H. Bradshaw, W. A. Roberts and others are promoters.
The First State Bank is the title of a new chartered institution capitalized at $10,000, at Jarrell, Okla. W. J. Cagle, C. C. Bailey, C. C. Foster and others are promoters.
V*
Elmhurst Bank
Amended articles of incorporation of the Elmhurst Bank of Oakland have been filed. The capital stock is given as $25,000, all of which has been subscribed. The directors follow: L. M. Murdock, C. A. Phenegoi, Philip Reilley, A. F. Horstmar, G. Noschka, G. Pier-etti and A. F. Anderson.
V»
Elected to Cashiership
Horatio A. Duncan has been elected cashier of the Marine National of Bath, Me., in place of Silas H. Duncan.
to sanction the declaration of a dividend of 21 per cent contingent upon consolidation with the National Copper Bank.
In case the capital stock of the Mechanics National shall be increased to $6,000,000 the stockholders will have to waive the right to subscribe for any portion of the increase as the whole will be needed to acquire the assets and business of the National Copper Bank.
Banking Notes
Formal notice of the increase of the capital stock of the Los Angeles Trust & Savings Bank to $1,250,000 was filed with the county clerk December 3d.
The Lost Angeles Clearing House has moved its quarters into rooms of the South Trust Company.
The Los Angeles Trust Co. opened its bank in Central building.
Architect Robt. Orr has plans prepared for the new 2-story brick block to be erected by the State Bank of Pomona on Second Street.
Albert Bounheim has been elected president; L. P. Dodson, cashier; F. L. Holland, Geo. J. Bryte and A. Hochheimer, vice-presidents of the new Sacramento Valley Trust Co. A new building is to be erected for the institution.
A new bank is to be organized at Middle-town. W. F. Botsford is mentioned for the presidency, and R. FI. Lake of Greenville, Miss., as cashier.
L. Scatena is president; A. H. Giani, vice-president ; G. W. Rutherford, cashier, and E. Avenli, assistant cashier of the Commercial and Savings Bank of San Jose.
MAUSOLEUM
The above mausoleum is one of our simple, well constructed designs which can be erected at a comparatively low cost with six to eight crypts. How much less barbarous this method is than burying in the ground.
Write for free booklet on “Monuments” to
CHAS. G. BLAKE & CO.
The Old and Reliable Makers of Mausoleums and Monuments 782 Woman's Temple Tel. 115 Main Chicago, 111.
New Coins’ Designs Not Liked
Another protest against the recent changes in United States coins has been made. The National City Bank of New York, in a circular issued to-day, says:
“The change in the designs of the $20 and $10 gold pieces in 1907, and the $5 and $2.50 in 1908, which by many has been considered an improvement in an artistic sense, cannot be so regarded in a commercial sense, as, on account of the character of the present designs, they are not fit for active circulation, and the loss by abrasion will be very rapid. The old designs were prepared with a view to their being used in active circulation, for which they were admirably adapted. The present designs of the gold coins having been adopted, no change can be made without special authority from congress until a period of twenty-five years has elapsed.
“The recent change in the design of the 1 cent piece is not at all popular. On account of the very slight increase in the thickness of the coin, which is due solely to the high relief of the design, there has been much complaint from the manufacturers and users of slot machines and automatic cash registers, as on account of the thickness these pieces cannot be used in many of the machines. The only coin of design which can now be changed without special authority from congress is the 5-cent nickel piece. No change can be made in the design of the half or quarter dollar or the dime until 1917, the design of these pieces having been adopted in 1892.”
V•
Bank Failure Causes Queer Tangle
Guthrie, Okla., December 14.—The banking situation in Oklahoma is becoming complicated. The failure last night of the Farmers National at Tulsa was followed to-day by the closing of the First State Bank of Kiefer, which had $30,000 on deposit in the Farmers National.
Following the second failure it was announced that the state had more than $100,000 on deposit in the Tulsa bank; $70,000 of the funds of the school land commission and $52,867 of the state treasurer’s funds.
Just what effect the failure of the Farmers National here will have on the investigation into the affairs of the Columbia Bank and Trust Company is a matter of conjecture. A former grand jury which investigated the affairs of the latter concern returned three indictments and two accusations, but on December 7th, before Attorney-General West had signed the documents, Gov. Haskell suddenly canceled the authority of the attorney-general to represent the state in that case and brought the investigation to a sudden end.
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Mechanics Bank Dividend
The final step in the merger of the Mechanics National and the National Copper banks will be taken on December 23d, when the stockholders of the former will be called upon