15
THE CHICAGO BANKER
December !8, /909]
Sixth—
Ç[ The Northwestern National Bank of Minneapolis has the benefit of supervision by a strong and conservative directorate.
DIRECTORS
What the
Northwestern
B.	F. NELSON, President Hennepin Paper Co.
W. G. NOB THU P, President North Star Woolen Mill Co.
E. J. PHELPS, President Belt Line Elevator Co.
GEORGE W. PORTER, President Minnesota Elevator Co.
W. A. RAMSEY, President Minnesota Linseed Oil Co.
A. T. RAND, President Minneapolis Gas Light Co.
A. R. ROGERS, President Rogers Lumber Co.
GEORGE W. VAN DUSEN, Capitalist
C.	D. VELIE, Secretary and Treasurer Deere & Webber Co., Farm Implements
E. P. WELLS, President Wells & Dickey Co.
E. S. WOODWORTH, President E. S. Woodworth & Co.
J. T. WYMAN, President Smith & Wyman Co.
EDWARD W. BACKUS, President Backus-Brooks Co.
JAMES S. BELL, President Washburn-Crosby Co.
JOSEPH CHAPMAN, JR., Vice-President
E. C. COOKE, President Minneapolis Trust Co.
A. A. CRANE, Vice-President
E.	W. DECKER, Vice-President WILLIAM H. DUNWOODY, President St.
Anthony & Dakota Elevator Co.
L.	S. GILLETTE, President Electric Steel Elevator Co.
C. G. GOODRICH, President Twin City Rapid Transit Co.
T. B. JANNEY, President Janney, Semple, Hill & Co., Wholesale Hardware
F.	E. KEN ASTON, President Minneapolis Threshing Machine Co.
M.	B. KOON, Koon, Whelan & Hempstead, Attorneys
J. A. LATTA, Vice-President F. W. LYMAN, Real Estate
O. C. WYMAN, President Wyman, Partridge & Co., Wholesale Dry Goods
National Bank of Minneapolis
Can Do For Bank
Capital - $3,000,000 Surplus -	2,000,000
Correspondents
One essential feature of a strong bank is a strong directorate
Bank President Resigns
N. J. Schaefer, president of the Farmers and Merchants Bank of Sheboygan, has disposed of his interest in the bank and at an early meeting of the directors his successor will be chosen. Mr. Schaefer, after a trip abroad, will make his home in Dakota.
Equipment is Up-to-Date
The First National of Milwaukee has the distinction of having installed the first dictographs in use in this city. This extremely modern member of the telephone family now connects President Vogel’s office with the cashier’s desk, assistant cashier, collection department, foreign and savings department and the auditing department. The master machine is at Mr. Vogel’s right hand and at a second’s notice he can communicate directly at any time with the bank’s officers, singly or as a body. The disagreeable task of holding a receiver to one’s ear and talking into a transmitter is obviated by the use of the dictograph and the slightest whisper in any part of the room is immediately conveyed to the ears of the listener in some other part of the bank. Purchasing Plan under Way
For several months Secretary Geo. D. Bartlett, of the Wisconsin Association, has been busy perfecting the plans of a purchasing department for the benefit of members of the association, and “lining up” the manufacturers of the various supplies. Plans have now so far culminated that announcement has been sent to all members of the association to the effect that for the next six weeks, or until January 15th, members will be able to secure such supplies as bank safes, electric burglar systems, check protectors, steel fixtures, safe deposit boxes, adding machines and typewriters at a reduced cost.
The main object of the purchasing depart-(Continued on page 30)
in economics and banking. He was also a member of the famous “Hasty Pudding” Club and of a number of debating and fraternal societies. Mr. Wall first became interested in the institute work in 1903 and since that time has taken a very active interest in its welfare. He was president of the Milwaukee Chapter in 1908-09; in 1907-8-9 he was chairman of the national educational committee; in 1908 he was also delegate at large to the national convention at Providence, and in 1909 secured the institute’s certificate.
File Petition in Bankruptcy
Stedman Thomas, formerly cashier of the Dairymen’s National Bank of Sheboygan Falls, has filed a voluntary petition in bankruptcy, his liabilities being placed at $48,000 while his assets are said to be practically nothing. The assets are said to be in the form of personal notes issued by Mr. Thomas while cashier up to the time of the temporary suspension of the bank last summer.
Quick Handling of Bonds
The Wisconsin Trust Company, Oliver C. Fuller, president, proved again that they are able to handle various bond issues with unusual celerity, when on Tuesday, they purchased during the morning, $500,000 of the new Chicago, Milwaukee and St. Paul, general mortgage 4’s by wire and before closing time the same day had disposed of all but a few thousand dollars’ worth of the bonds.
HORNBLOWER & WEEKS
‘Bankers and 5Brokers
Members of New York and Boston Stock Exchanges EDWARD CLIFFORD, Resident Manager 3rd FLOOR, 152 MONROE ST. - CHICAGO
Wisconsin Banking News
(Continued from page 11) host of friends scattered throughout the East and South.
The contest for this honor proves to be of more than passing interest, because Mr. Wall is advocating a constitutional amendment, that will, in his opinion, and that of many of his friends, do much to stimulate interest in the educational work of the institute. Mr. Wall represents, to quote his own words, “education, pure and simple.” But Mr. Wall qualifies this to some extent by saying that he is not adverse to politics where politics belong. His platform he puts as follows: “I believe firmly in the primary object of the institute, namely, the education of bankers in banking. I also believe that after a member of the institute has passed the institute examinations he should become, ipso facto, a member of the fellow class, which he now can become only through election by the executive council, and to secure this I have already suggested a constitutional amendment.”
Since the announcement of his candidacy many letters have poured in from all parts of the country congratulating Mr. Wall and assuring him of support when the crucial time arrives. Born in Milwaukee, in 1879, Mr. Wall has spent the past seven years in a close study of banking and banking methods. Starting as a messenger in the First National of this city in 1902, he has worked through nearly all of the various departments to his present position as credit clerk. His early education was obtained in the private schools of Milwaukee and at St. Mark’s, Southboro, Mass., where he graduated in 1898. Mr. Wall then went through Harvard University, taking his “A. B.” degree in 1902.
During his course at Harvard, he specialized