[Volume XXVII
THE CHICAGO BANKER
10
The Wisconsin National Bank
OF MILWAUKEE
CAPITAL -	-	- $2,000,000
SURPLUS -	1,000.000
OFFICERS
L.J. PETIT, President	HERMAN F. WOLF, Cashier
FRED’K KASTEN, Vice-President	L. G. BOURNIQUE, Asst. Cashier
CHAS. E. ARNOLD, 2nd Vice-President	W. L. CHENEY, Asst. Cashier
WALTER KASTEN, Asst. Cashier
DIRECTORS
L. J. Petit	Frederick Kasten	R, W. Houghton	Oliver C. Fuller
Herman W. Falk	Geo. D. Van Dyke	Gustave Pabst	Charles Schriber
Isaac D. Adler	H. M. Thompson	Patrick Cudahy
Wisconsin Trust Company
MILWAUKEE
CAPITAL	-	$500,000
SURPLUS -	100,000
OFFICERS
GARDNER P.STICKNEY, Vice-President R. L. SMITH, Assistant Secretary
OLIVER C. FULLER, President FRED. C. BEST, Secretary
DIRECTORS
Oliver C. Fuller Gardner P. Stickney
R. W. Houghton Gustave Pabst Patrick Cudahy
Frederick Kasten Charles Schriber H. M. Thompson
L. J. Petit, Chairman Herman W. Falk Isaac D. Adler
«Mi»;
WISCONSIN
NEWS LETTER
By Mortimer I. Stevens
MILWAUKEE
and newspaper articles of late to the effect that the North American Company would become the holding company of the Standard Oil securities.
“So far as the North American Company is concerned,” said Mr. Campbell, “we know nothing about it. The subject has never been broached to the officers of the company, and so far as I can say, it is simply a bit of street gossip growing, perhaps out of the wide powers given the North American Company under its charter. The charter is an old one which was obtained by Henry Villard years ago and gives the company wide powers, but it never has been used except for the purposes of public utilities, as we are now doing.”
Bankers Hold Important Meeting
An important meeting of the executive council of the Wisconsin Bankers Association was held in this city, December 17th, at which a number of matters vital to the interests of the association were disposed of. Business transacted may be summed up as follows:
Committee appointed to decide upon the next annual meeting place of the association, composed of President E. M. Wing, La Crosse; Vice-President M. A. Graettinger, Milwaukee, and Secretary George D. Bartlett, Milwaukee. It is said that Milwaukee is favored by this committee, as many of those present were opposed to the idea of again holding the convention upon a boat as last year.
Decided to defer action of designating the “Tickler,” published by Secretary Bartlett in
away from Wisconsin a number of insurance companies holding charters in New York state, may possibly have given rise to these rumors, but Wisconsin municipals are considered good security in the East and a fair percentage of Milwaukee bonds are held in New York City by various banking houses and insurance companies. Milwaukee municipal bonds are a legal investment for savings banks in New York and other Eastern states.”
Denies Standard Oil Story
President James Campbell of the North American Company was a recent visitor in Milwaukee on a tour of inspection of the company’s properties in this city and immediate vicinity. While here, Mr. Campbell took occasion to brand as untrue the insistent rumors
Milwaukee business men are wearing a broad smile this week, and the money is pouring into the banks at a lively rate. The long continued spell of bad weather has broken and a steady cold snap has filled the stores with Christmas shoppers. Time money has been quiet with the borrowers apparently denying themselves all but absolutely necessary accommodations awaiting the turn of the New Year. Country batiks report steady deposits and good business generally. Bond sales throughout the state maintain normal level with inquiries constantly increasing signifying a lively movement of first-class securities after January 1st. Attempt to Discredit Bonds
According to various rumors of late which have gained some ground owing to the publication of press dispatches from New York, some attempt has been made in the East to discredit the standing of Wisconsin municipal bonds. The recent insurance legislation in this state is reported to be at the bottom of the matter, and “Wall Street” is declared to have “boycotted” Wisconsin municipals.
Among Milwaukee bankers the rumors are treated as absurd on the face of them. Gardner P. Stickney, vice-president of the Wisconsin Trust Company, says:
“The idea is positively absurd. Wisconsin municipal bonds have never been handled on the New York exchange, in fact, the only municipal bonds dealt in there extensively are issues of New York City. Recent adverse legislation in this state, which resulted in driving