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THE CHICAGO BANKER
December !8, içoç]
Second National Bank
PITTSBURGH, PA.
CAPITAL STOCK	-	$1,800,000
SURPLUS -	-	-	2,000,000
HENRY C. BUGHMAN, President
WM. McCONWAY, Vice-President	JAMES M. YOUNG, Cashier
THOMAS W. WELSH, Jr., Vice-President BROWN A. PATTERSON, Asst. Cashier
Depositary of the United States, the State of Pennsylvania and City of Pittsburgh
FRANK C. OSBURN,
Attorney-at-Law
EDWARD B. TAYLOR,
Vice-Pres. Penna. Co. FRANK S. WILLOCK,
of Westmoreland Brick Co.
l. l. McClelland,
Secretary J. S. & W. S. Kuhn, Inc.
DIRECTORS
WM. M. KENNEDY,
Commonwealth Trust Co. JAS. S. KUHN,
Pres. Pgh. Bank for Savings WM. McCONWAY,
of McConway & Torley Co. WM. L. CURRY,
McKeesport Tin Plate Co.
HENRY C. BUGHMAN,
President
ROBERT D. ELWOOD,
of R. D. Elwood & Co. CHAS. W, FRIEND,
Clinton Iron & Steel Co. THOS. D. CHANTLER,
Chantier & McClung
Accounts Solicited—Our facilities insure prompt attention
riDCT NATIONAL BANK OF I ll\i3 1 PITTSBURGH, PENN.
The steady growth of business is shown by the following table, giving a comparison of deposits for the fifth call of each year:
1896	.............................$ 2,606,486.31
1897	............................... 4,121,512.31
1898	............................... 5,386,189.61
1899	............................... 9,076,155.61
1900	.............................. 10,907,655.91
1901	.............................. 10,957,528.35
1902	.............................. 11,978,114.75
1903	.............................. 13,384,393.27
1904	.............................. 15,835,214.83
1905	.............................. 15,850,714.62
1906	.............................. 18,167,758.63
1907	.............................. 16,384,899.58
1908	.............................. 17,614,592.29
1909	.............................. 24,217,374.76
Banks and Bankers provided with facilities for issuing their own Foreign Exchange
It could not exist without man—nor, perhaps, could mankind exist without wheat. “If the human race were to perish from the face of the earth,” writes Herbert N. Casson in his biography of “Cyrus Hall McCormick,” “wheat might survive for three years, but no longer.” To the man through whose agency this great necessity was placed within the reach of all we owe more than to generals or statesmen or rulers of nations. Such a man was Cyrus Hall McCormick, beyond all question the inventor and circulator of the reaper.
Of course, every schoolboy knows by name the inventors of the steamboat, steam engine, cotton gin, electric telegraph and the Monitor, and there is just a little danger that these inventors are being overexploited at the expense of others, whose inventions, while quite as important in an industrial way, have been developed through tranquil but by no means unromantic conditions. There was Bogardus, who invented the dry gas meter; Peter Cooper, a machine for mortising carriage hubs; Goodyear, the process for vulcanizing rubber; Blanchard, a machine for tackmaking, and Elias Howe, the sewing machine—besides countless others, among whom is Cyrus Hall McCormick, without whose inventions of farming implements, including the reaper, the great wheat fields of the middle West could hardly have been cultivated so as to furnish flour to the whole world as they do at present.
Closed Bank Pays Ninety-five Per Cent
The fourth dividend to the creditors of the American National, of Boston, which closed its doors in November, 1905, was distributed by William E. Neal, the receiver. The dividend amounted to 10 per cent, bringing the total paid to 95 per cent.
At the time of the failure of the bank, $391,-000 was due depositors and other creditors. The receiver hopes to be able to pay the remaining 5 per cent on some assets remaining in his hands.
V
Anaconda National Bank
The Anaconda (Mont.) National is a new enterprise, with $100,000 capital. Christian Yegen is president, Peter Yegen, vice-president, Charles E. Farnsworth, cashier, and M. A. Fulmor, assistant cashier.
Best of the Recent Fiction
Among the host of books daily coming from the busy publisher, none is of more marked merit than Margaret Young’s “The Wreathed Dagger,” published by Cassell & Co., Ltd., London and New York. It is a seventeenth century story of cavaliers, of the days of Charles I. and of Cromwell.
Miss Young finds ample scope for her gift for strong character drawing in Sir Roger Arden, the time-serving owner of Thirlby, his blind niece, Joan, and high-spirited daughter, Millicent, together with his two nephews, Dick Arden and Ned Falconer.
How Dick is unwittingly made the tool of Sir Roger’s treacherous surrender to Cromwell, how his fair name is vindicated by Ned, who has been branded unjustly as a coward, and how Millicent’s happiness is finally secured, is the burden of the romantic narrative.
The lord of Thirlby, veteran of many wars, is overcome by his consuming passion for family honor—pride of race and estate. To save these, he sends his nephew to offer terms of surrender to Cromwell.
The author has painted a series of striking word pictures, and in the end achieved more than the earlier promise of the narrative, wherein calf-love and swashbucklerism are now and again intrusive.
“The Wistful Years,” by Roy Rolfe Bilson, is destined to be his greatest success. His “Katrina” and “In the Morning Glow” gave promise and now the fulfillment. Baker & Taylor, New York, are the publishers, illustrations by F. Graham Cootes. This book is an exquisite idyl of young love, fresh and glowing. Conceived in a poetic spirit, mellowed by the quaintest humor, and dignified by touches of real pathos, it is the kind of book that will be read, and read again, by those who love to view their youth in pensive retrospection. The book pulses with the pure joy of living, and David and Margaret are certain to attain a proud eminence in the affections of the readers.
Herbert N. Carson, who gave us the “Romance of Steel” and then the “Romance of the Reaper,” now has published, through McClurg & Co.,: of this city, “The Life and Work of Cyrus Hall McCormick.” Leaving out the personality of the great inventor the work still would be a fine contribution to the industrial literature of a great country.
It is curious to realize that wheat is not a natural wild weed, but a plant of civilization.
sides of Pittsburgh life. There are pictures of steel works, coal mining, coal fleets in the harbor, parks, churches, public buildings and street scenes and also an elegant picture of the opening baseball game at Forbes Field. A calendar such as this is an advertisement for the city as well as for the bank issuing it.
Business Monthly
The First National of Pittsburgh has issued the December number of its magazine, The Business Monthly. Beside the usual departments of local and general interest, there are articles on “Pellagra and Hookworm,” “The Congressional Outlook,” “The Expense of Smoke,” “Some Phases of French Banking,” and other topics.
Many Annual Meetings
Calls are now being issued for the annual meetings of the shareholders of most Philadelphia banks. A large proportion of them will be held on January nth.
Will Pay Same Rate
Savings banks of this city will pay 3.65 per cent interest on deposits next year. This is the same rate now paid. New York institutions are paying 4 per cent.
Banking Notes
The Union Trust Company, which has issued a leaflet telling briefly of different kinds of investment securities and the various services trust companies can perform, has just issued another on the importance of the will.
C. H. K. Curtis, president of the Curtis Publishing Company, has been elected a director of the Real Estate Trust Company.
Officers and directors of Philadelphia national banks are greatly pleased with the examinations being made by William M. Hardt, examiner for the clearing house association. His reports are in duplicate, one going to the president of the bank examined, all directors being advised, and the other under seal to the clearing house committee, there to be filed unopened, unless there is special reason why it should be looked into.
R. D. Judkins has been appointed cashier of the First National, Long Beach, in place of A. R. Collins, and E. O. Miller appointed assistant cashier.