27
THE CHICAGO BANKER
December 18, !pop]
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FOR A CLEAN C U TPROPOSITION
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The First National Bank
OF FAIRBURY, ILLINOIS
ESTABLISHED 1864
Capital Paid in $50,000	Authorized Capital $100,000
Assets:	Exceed a Quarter Million Dollars
10,000 Acres of Rich, Tillable Farm Land owned directly by the stockholders to secure your deposits, no matter how large or how small, d, Collections solicited on Livingstone, McLain and Ford Counties
Interest on Time Deposits at 3 per cent
T. S. O. McDOWELL. President
C. E. MAUNDER, Cashier
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Convertible Anastigmat f-6.8
There’s No Lens to Equal It
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ASK YOUR DEALER FOR A CATALOGUE
Gundlach-Manhattan Optical Company
817 Clinton Avenue, South, Rochester, N. Y.
North English Savings; president R. L. Goodenow, of the Mahaska Savings, Oska-loosa; assistant cashier A. M. Burnside, Boone National; Edward Burgess, Citizens National, of Milo; president C. H. McNider, First National, Mason City.
Banking Notes
B. Menanga, cashier of the First National at Belmond, was married recently to Miss Shirk, The bride was formerly in the millinery business. The couple have gone East on a wedding trip.
E. F. J. Alber, one of the best known accountants in the state banking department, fell on the icy steps at the East entrance to the state house and sustained a fractured rib and several bad bruises. No difficulty is anticipated in his recovery.
W. L. Geisenger has purchased the old First National Bank building at Storm Lake, and will rebuild it into a store and office building. Recently the bank occupied handsome new quarters.
The directors in the Davis County Savings at Bloomfield have elected these officers: G. W. Philips, president; E. J. Dickson, vice-president, and A. PI. Fortune, cashier.
A. C. Miller, cashier of the Home Savings of Des Moines has been attending the Rivers and Harbors Congress at Washington.
Arthur Reynolds, president of the Des Moines National, has gone to California to spend the winter. He is accompanied by Mrs. Reynolds.
The Peoples Savings Bank, of Avoca, Iowa, has been chartered, with a capital of $30,000. Calab Smith, D. F. Emmert, I. D. Shuttleworth, C. V. Rock, and E. J. Karstens, are promoters,
Alleman. It is thought the gang is making Des Moines its headquarters.
Bank Clearings
Bank clearings for the week ending December nth totaled $3,395,863.53. This is an increase over the clearings for the corresponding week last year of $378,860.06.
The abstract of the condition of the national banks of Des Moines at the close of business on November 16th as reported to the comptroller of the currency shows the average reserve held at 21.75 Per cent against 22.24 per cent on September 15th. Loans and discounts decreased from $11,672,221 to $11,063,840; gold coin from $259,442 to $193,487; lawful money reserve increased from $1,296,032 to $1,372,-971; individual deposits from $5,529,242 to $5,-823,303. The abstract of the condition of the national banks of Iowa exclusive of the reserve cities shows the average reserve held at 16.38 against 16.20 on September 1st.
Des Moines Visitors
Among out of the city bankers who were in Des Moines last week were cashier W. A. Addison of the First National of Fontanelle; assistant cashier R. M. Sayre of the Citizens National, Guthrie Center; vice-president Frank Hopkins of the First National, Guthrie Center; assistant cashier Carl Miller of the State Bank at Jewell; president Parley Sheldon of the Story County Bank, at Ames; vice-president H. A. Holmes of the Perry Savings at Perry; assistant cashier Charles Gray of the Citizens Savings at Casey; cashier J. H. Elliott. Knoxville National; vice-president John Shambaugh, Booneville Savings; president J. G. Dutton, Farmers Bank of Nevada; cashier E. W. Townsend of the Citizens State, of Decatur City; cashier E. D. Baird, of the
There has been what might be considered a banking war on at Stanhope, but by the securing of the stock by home parties, it is thought that the end has been reached.
Banker Buys Land
G. D. Ellyson, president of the Commercial Savings, Des Moines, has purchased a tract of land in one of the most attractive parts of Des Moines, which he will plat and landscape. In the spring he proposes to erect several houses, which will be put on the market.
Help Boost City
Once again the Des Moines bankers have joined in the movement to boost along the city. Six of them agree to take the short time note of $25,000 to complete the payments on the new Coliseum, which has just been completed in Des Moines. The notes will run for a year, and in the meantime subscriptions sufficient to pay the amount are expected to be in the hands of the Coliseum management. The banks are the Iowa National, Des Moines National, Citizens National, People Savings, Central State, and German Savings.
Recovers from Operation
C. D. Hoon, cashier of the Farmers Bank at Underwood, has recovered from an attack of appendicitis. Mr. Hoon was operated upon at Mercy Hospital, Des Moines, on Thanksgiving Day.
Dynamite Bank and Take Large Sum
Robbers dynamited the bank, after pounding in the door at the Farmers Savings of Carlisle, Iowa, took possession of $3,250 in currency, and escaped to Des Moines on a hand-car. The loss was fully covered by insurance. Officers believe that the work was that of the same gang which recently robbed the bank of