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Des Moines, Iowa, April, 190 4 .
Volume I X .
THE NATIONAL
BANK
C a p ita l $ 2 ,0 0 0 ,0 0 0 OO
C H IC A G O
---------T H E ----------
Iowa national Bank
DES MOINES
Statement marci)
28 ,
ioc4
R ESO U RC ES
$ 2,068,698. 49
L IA B IL IT IE S
Cap'tal S tock....................
$100,000.00
Undivided P rofits...........
24,004.57
C ircu lation..............................
96,700. 00
D e p o s i t s ..........................1,847,993.92
$ 2,063,698.49
Presid ent
NORTH AMERICA
S u rp lu s & P ro fits $ 7 2 2 ,8 4 I .0 0
Contents.
§
A Trust Company of Bankers,
-
H. T. BLACK BURN,
V ice Pres. & Cashier
If, fo r any reason, you contemplate a
change or Division o f your Account, we shall
be pi eased to hear from you, believing we can
handle your business to your satisfaction.
National Combine,
Meeting of Group 10, I. B. A . ,
6
-
7
8
Individuality in Bank Statements,
8
Condition of Chicago Banks,
-
9
Meeting of Group 12, I. B. A .,
-
9
Minnesota Group Meetings, -
-
10
Nebraska Group Meetings, -
-
12
American Bankers’ Association,
-
12
Iowa Banking Legislation,
-
12
-
The Des Moines National Bank, -
13
Dakota News and Notes,
-
-
13
Minnesota News and Notes, Nebraska News and Notes, -
-
16
20
General News and Notes,
Iowa News and Notes,
Wanted, For Sale, etc.,
-
24
26
46
-------- THE---------
B ankers N atio n a l B ank
-
I s a a c N P b r r / , President
B e r n a r d A. E c k h a r t . V-Pres.
C h a r l e s O. A u s t in , Y-Pres.
J u ltu s S P o m e r o y , Cashier
F r a n c is V . P u t n a m , Ass’ t C ash.
S. D E P O S I T O R Y ^
The National Citizens and Central
Loans and Discounts................. $1,074,069.50
O verdrafts.................- ................
1,943. 51
U. S. B on d s......................... .
300 000.00
Real E state.................................
2 500.00
C ash a n d d u e fr o m B a n k s 690,185.48
H. S. BUTLER,
OF
Number 4
C itizen s
National
B ank
OES
M O IN E S , 1 0 W R
J. G. R o u n d s . ....... P resid en t
J. C a l l a n a n ___ V ice -P re st.
G e o . E. P e a r s a l l . ..Cashier
G e o . C o o p e r , Asst. Cashier
CAPITAL, $ 2 0 0 , 0 0 0
SURPLUS,
1 0 0 ,0 0 0
aeeouN T s s©LieiTED
D avenport S avin gs B an k ,
DAVENPORT, IOWA.
OF CHICAGO, ILL.
Capital, Surplus & Profits S3,067,751 j
^Capital,
~
$ 3 0 0 ,0 0 0 .0 0 ^
Undivided Profits,
130,772.32
^Deposits,
3 ,3 8 7 ,4 6 7 .1 4 ^
E D W A R D S. LACEY, P r e s id e n t . JOHN C. C R A FT , V ic e -P r e s id e n t FRAN K P. JUDSON, C a s h ie r . CHAS. C. WILLSON, A ss ’ t C a s h ie r
RALPH C. WILSON, A ss ’ t C a s h ie r .
» » » Officers * * *
COMPARATIVE STATEMENT, SHOWING INCREASE.
ANTHONY BURDICK, Pres.
LOUIS HALLER, Vice-Pres.
HENRY C. STRUCK, JR., Cashier.
O TTO L. LADENBERGER,Teller.
D E P O S IT S .
March
March
March
March
28,
28,
28,
28,
1895......................................
1898 .......................................
1901 ......................................
1904 ......................................
$3,401,237.49
5,838,773.09
12,317,795.00
13,981,240.18
New Business Desired and Unexcelled Facilities Offered.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
» » » Directors « * «
A . B u r d ic k
L o u is H a l l e r
A . St e f f e n
W . O. S c h m id t
T homas Scott
J. F. D ow
H. K o h r s
W . H. W il s o n
H. C . S t r u c k , J r .
«*«
4
P e r C en t I n t e r e s t P a id o n D e p o s its . M o n e y L o a n e d
o n R ea l E s ta te S e c u r ity in th e S ta te o f Io w a .
THE NORTHWESTERN BANKER
2
Commercial national Bank
S T A T E M E N T OF T H E C O N D I T I O N OF
The National Bank of Commerce in St. Louis.
C h i c a g o , Il l in o i s
E S T A B L IS H E D ,
April, 1904
M ARC H 2 8 , 1 9 0 4
1864.
RESOURCES
Capital, $2,000,000.00
Surplus * Undivided Profits, $ 1,6 8 8 ,537.75
O F F IC E R S .
j
am es
H. E c k e l s , President.
D a v i d V e r n o n , 2d Vice-President.
Joseph T. T a l b e r t , Vice-President and Cashier.
N. R . L o sc h , Assistant Cashier.
H. C. V r r n o n , Assistant Cashier.
G. B. S m it h , Assistant Cashier.
H. E. S m it h , Auditor.
M. K r e l l , Manager Foreign Banking Department.
L IA B IL IT IE S
C apital................................................................
$7,000,000,00
Surplus and Profits...........................................
8,571,848.46
Circulation......... .............................................
6,768,047.50
422,400.00
U. S. and Municipal Bond Account..............
Pension Fund......................... : .........................
70,762.24
40,000.00
Reserve for Taxes................
Deposits..............................
47,272,420.73
$70,145,478.93
D IR E C TO R S.
F r a n k l in M a c V e a g h ,
W il l ia m J C h a l m e r s ,
R o b e r t T . L in c o l n ,
E . H. Gary.
Currency and Coin ................$9,467,692.58
Checks and Cash Item s................................ 784,468.33
E xch a n ge................................10,688,440.42 $ 2 0 ,9 40,194.33
8,714,400.00
United States Bonds at Par,
4,300,485.41
Bonds, Stocks, e t c ............
35,190,399.19
Loans and Discounts...........
Banking House....................
________ 1 , 0 0 0 , 000.00
$70,145,478.93
P au l M o r t o n ,
D a r iu s M il l e r ,
Jo h n C M c K eon
J a m e s H. E c k e l s ,
L iberal Terms and the Best Facilities are Accorded to
Banks and Bankers fo r ' the Transaction o f Domestic and
F oreign Business. B y Special A rrangem ent Correspond
ent Banks are enabled to D raw their Own Drafts Direct on
all the Im portant Cities and Banking Towns o f the World
O f f ic e r s — W . H. Thompson, President; J. C. Van Blarcom, V ice
President; B. F. Edwards, V ice President; F. E. Marshall, V ice Presi
dent; Jno. Nickerson, Vice President: J. A. Lewis, Cashier; C. L.
Merrill, Assistant Cashier; W. B. Cowen, Assistant Cashier; F. W .
Wrieden, Assistant Cashier; G. N. Hitchcock, Assistant Cashier,
C ir cu la r L e tte r s o f C r e d it I s s u e d fo r T r a v e le r s —G o o d E v e r y
w h e r e . S p e cia l A ll-A m e r ic a C r e d its —A v a ila b le in N o r th a n d
S o u th A m e r ic a . D o m e s tic L e tt e r s o f C r e d it—G o o d T h r o u g h
o u t the*T Jnited S ta tes. C o m m e r cia l C r e d its G ra n ted to I m
p o r t e r s . C able T r a n s fe r s . B a n k P o s t R e m it t a n c e s : : ' : : : :
Accounts of Individuals, Manufacturers, Merchants, Cor
Report to the Comptroller of the Currency
porations and Banks Solicited Upon Favorable Terms.
j F irst National B an k
(CONDENSED)
DUBUQUE,
IOWA..
OF THE CONDITION OF
Capital, $200,000.
The National Park Bank
Surplus and Profits, $64,039
................Deposits, $1,211,122
OF NEW YORK
A T CLOSE OF BUSINESS MARCH 28, 1904
'
O F F IC E R S .
D IR E C T O R S .
C. H. EIGHMEY,
President.
E. A. ENGLER,
Vice-President.
O. E. GUERNSEY,
Cashier.
B. F. BLOCKLINGER,
Assistant Cashier.
C. H. E ig h m e y ,
E. A . E n g l e s ,
Geo. A. Brü den ,
F. W. C o a t e s ,
M. M. W a l k e s ,
J as . C. C o l l i e r ,
B. F . B l o c k in g e r .
O. E. G u e r n s e y
RESOURCES
Specie and U. S. N otes................. ........$10,499,060.88
Due from Banks and C . H. Exchanges 9, 493, 348.71
Demand L o a n s ....................................... 18,114,145.02 $47,106,554.61
42,991, 968. 30
Loans and D iscoun ts...........................................
8,089, 750.00
U. S. and Other Bonds with U. S. Treasurer
Other Bonds and S to c k s .....................................
512,720. S3
Banking House.............................................----1.977,329.62
Due from U . S. Treasurer ................................
245,000.00
Loans for Account o f C orrespondents...........
3,668 000.00
*‘ irti^irhVfJlnIté
ï
JLkàâ^àJdULAiMJLà4tkM »I JL+AAààÀà A M
S ta te Security
Bank
Sioux Rapids, Iowa.
C a p ita l. $30,0 0 0 .0 0 ,
S urplus, $4,000.00. £
$ 104.591,823.36
Deposits, S 200.00 0.00.
L IA B IL IT IE S
C ap ita l................................................................................
Surplus and Undivided P rofits.................................
Circulation ....................................................................
Bonds, A ccount U. S.Deposits...................................
Loans, for A ccount of Correspondents.................. ..
Deposits.................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,000,000.00
7,009,127.60
2,884,600.00
3,957,000.00
3 668,000 00
$104,591,323.36
D IR E C TO RS:
C. B. M i l l s ,
F. S. N e e d h a m ,
A r is l e e n M o e ,
J. H. M c C o r d ,
A d e l b e r t T y m e so n , J r .
O F F IC E R S :
84,072,595.76
J. H. Mc CORD, President.
C. B. MILLS, Vice-President.
ADELBERT TYMESON, JR ., Cashier.
V’rmvkvw i
h
v i r rw
i m v i u fi
April, 1904.
T H E N O R T H W E STE R N
-*■
THE
FIRST
NATIONAL
BANK,
© F 6 H I6 A G O .
Corner Monroe and
Dearborn Street®.
BANKER
rJt—A.
—.A.- -A.
issued,
available in any part of the world.
T ra v e le r ’s
C r e d it s
—-A- - '.A. A . ■*. J*.
n
T H E ..
T r a n sf e r s o f M o n e y M a d e
by T e l e g r a p h and C a b l e ' and
E x c h a n g e D r a w n at customary
PEOPLE’S SAVINGS BANK
usance, on the principal cities of
the United States, Europe, Japan,
China, and the East lndias.
All kinds of F ir s t -C lass I n
v e s t m e n t S e c u r it ie s dealt in
constantly on hand and for sale at
current rates; a full line of G o v
e r n m e n t B o n d s , Municipal and
Local Bonds, Choice Railroad
Bonds.
Collections carefully made and
proceeds promptly accounted for
on moderate terms. Accounts of
banks'and bankers solicited.
SPECIAL ATTENTION TO IOWA COLLECTIONS.
Report of Condition, Auditor’s Call, 3an.
« « Resources« «
44 *
BAN E OFFICERS:
22 , 1004.
Loans and Discounts......................................................... $ 892,400.24
Real E s ta te ................... ..................................— .........
12,375.00
Furniture.............................................................................
2,000 00
7,062.17
Overdrafts.........................................................
Cash and Exchange............................................................
206,998.03
T ota l..............................................
$1,120,244.08
* * Liabilities * «
Capital S tock...................................................................... $ 100,000.00
Surplus.................................................................... . ...........
25,000.00
Other Profits.................................
26,592.74
400.00
Dividends U npaid.............................
D ep osits...........................
968,257.34
Total....................................................................... $1,120,244.08
C A P IT A I .
and
Manager Bond Department.
SU R PLU S,
Mgr. Foreign Exchange Dep’ t.
• « Officers * «
F r e d I. K e n t ,
M a r t in F l y n n , President.
D. W. S m o u s e , Vice-President.
C. H. M a r t in , Cashier.
F r a n k P. F l y n n , Ass’ t. Cashier.
A R EGU LAR BANKING
BUSINESS TRANSACTED.
fi
CAPITAL— $100,000.
Ja m e s B. F o r g a n , President.
D a v id R. F o r g a n , Vice-Pres.
G eo r g e D. B o u l t o n , Vice-Pres.
H. H. H it c h c o c k , Vice-Pres.
R ic h a r d J. St r e e t , Cashier.
H olm e s H o g e , Asst. Cashier.
A ugust B l u m , Asst. Cashier.
E d w a r d D ic k in so n , Asst. Cash.
F r a n k E . B r o w n , Asst. Cashier.
C h a r l e s N. G il l e t t , Asst. Cash.
F r a n k 0 . W e t m o r e , Auditor.
E m il e K. B o is o t ,
$ 1 3 ,0 0 0 .0 0 0 .
5
DES MOINES, IOWA.
Max Ma y .
Asst. Mgr. For’ n Exchange Dept.
O r v il l e P e c k h a m , Attorney.
J a s . D. W o l e y , Asst. Attorney.
- J
*
*
4
4* Chartered by the National Government 1868.
4*
^
One Million Dollars.
4*
4*
^
4*
4
4*
N ow is th e T im e fo r Live A g en ts
to J o in th e Agency Force of -2*
4»
4
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Full Paid Capital 4*
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THE NATIONAL
Life Insurance Company
*4*
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1870.
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£
I
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Merchants National Ranh gi
3
o f
3
Í
4
4
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Surplus and Profits, $100,000
E S T A B L IS H E D
«
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4»
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Capital, $100,000
I
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1
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BU RLINGTON. IOWA.
T. W. BARH YD T, P r e s id e n t .
W . E. BLAK E, V ic e -P r e s id e n t .
J. L. EDW ARDS, C a s h ie r .
H. J. HUNGERFORD, A s s t . C a s h .
v o n t
A C C O U ST
I\V IT F ,I>.
♦
*
4
4
4
of the United States of America
4
4
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4
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4
4
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P. M. S T A R N E S , President
4
4
4
In s u r a n c e in F o r c e
A ssets
4
4
OVER $1,694,000
OVER $40,000,000
*
4
4
4
Principal Branch Office, National Life Bldg., Chicago 4
4
4
+ 4 4 4 4 + 4 4 4 4*4 + 4 4 4 4 + 4 4 4 4 4 4 4 4 4 4 4 +++++4 4 +4 4 *
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
j
:
*
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===================
3
The Mutual Life !n^ rf"“ „c,0R I C H A R D A . M c C U R D Y , P r e s id e n t
Announces to its hundreds of thousands o f policyholders through
out the w orld that its funds held for their protection have
l ow reached the enormous sum of over
-400 IVlillion D ollars
Many millions m ore than the assets o f any other life insurance
company in existence. This Company has returned to policy
holders the stu pendous sum of over
626
Alii lion
Dollars
Over 190 millions more than any other life insurance company in
the world has disbursed. This excess over any other com pany is
greater than the combined capital of the Bank of England, Bank
of France and the Imperial Banks of Germany and Russia.
T h e s e u n e q u a lle d r e s u lt s are th e b e s t g u a ra n te e o f
fu tu re r e tu r n s to p o lic y h o ld e r s .
FLEMING
BROS.,
Managers for Iowa and Nebraska Des Moines, Iowa
5
$
|
jt
E
jj
April, 1904.
T H E N O R T H W E STE R N B A N K E R .
4
A B a n k is S tr o n g o r N o t in P r o p o r tio n to its C ap ita l an d
S u r p lu s a n d A b ilit y o f it s M a n a g e m e n t to I n v e s t its F u n d s
TheA. H . A n d r e w s G o .
174=176 W abash
D es M oines
S a v in g s B an k
D e s ig n e r s a n d L a r g e s t
M a n u fa c tu r e r s in th e w o r ld o f
FIN IE B A N K
F IX T U R E S
C O U R T HOUSE
anfl O F F I C E
and F U R N I T U R E
Comptroller's Call, Close of Business March 28, 1904.
RESOURCES:
Bills Receivable..................................... $3,188,219.97
Banking House.......................................
95.661.48
Cash and Exchange................................
1,315,896.44
Total....................... _•____ _______
$4,593,777.89
LIABILITIES:
Capital Stock..........................................
Surplus and Profits................
Deposits...................................................
$ 500,000.00
117,450.58
3,976,327.21
T otal..............................................
$4,593,777.89
ave., <2H I© A G 0.
It Helps Business to H ave Your Office Furnished w ith
A n d rews H igh G rade Office Fittings
Opera Chairs, Church Pews, Pulpit Furni=
ture, Lodge Furniture, R. R. Settees, Etc.
ANDREW S’
O ffic e rs a n d
Typewriter Chairs, Piano
Chairs, Piano Stools, Etc.
D ire c to rs :
P. M. C a s a d y , President.
S im o n C a s a d y , V ice President.
J a s . J. Be r r y h i l l .
J a s . H. W i n d s o r .
E. C. E i n k b i n e .
H o m e e A. M i l l e r Cashier.
C. T. C o l e , J r . , Ass’ t Cashier
L Ha b b a c h .
Ed w . A. Tem ple.
A . S. M c D o n n e l l .
G. M. H i p p e e .
Attractive, Cleanly, Artistic, Comforta
ble, INDESTRUCTIBLE, and
Inexpensive
W e h a v e th e la r g e s t a c tiv e c o m m e r cia l b u s in e s s in I o w a
a n d c o r r e s p o n d in g fa c ilit ie s fo r h a n d lin g b u s in e s s . W e in v ite
y o u r a c c o u n t.
M ETAL
F U R N IT U R E
Prompt Serwie© a Specialty
a a
ESTABLISHED !SS©
Io w a P r i n t i n g C o m p a n y
DES MOINES
B
ank
S
t a t io n e r s
a a
Write for Samples and Prices
T
M
he
erchants
K E N N E T H C L A R K , P r e s id e n t
C. H . B I G E L O W , V ic e -P r e s id e n t
N a t io n a l B a n k
GEO. H . P R IN C E ,
C ash ier
of
st
. paul
H . W . P A R K E R , A s s is t a n t C a sh ier
H . V A N V L E U K , A s s is t a n t C ash ier
S T A T E M E N T A T C LO S E OF B U S IN E S S M A R C H 2 8, 1 9 0 4 .
Loans and Discounts,
U. S. Bonds at par, .
Other Bonds and Stocks, .
Banking House,
Cash and Due from Banks,
$ 4,418,829.81
700,000.00
182,523 50
190.000.00
2.497,732.31
Capital Stock,
Surplus .
Undivided Profits,
Circulation,
Deposits,
$ 7,989,085 62
.
.
$1 ,000,000.00
275.000.00
41.580 45
380,000.00
6,292,505.17
$7,989,085.62
D IR E C T O R S :
C ra w fo rd L iv in g s t o n ,
K e n n e th C lark,
J. H . S k in n er,
L o u is W . H ill,
G eo. H . P rin ce ,
D. R. N o y e s ,
E . N . S a u n d e rs,
V . M. W a tk in s ,
L. P . O rd w ay ,
P . B. K e llo g g ,
C. H . B ig e lo w .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C O R R E S P O N D E N C E A N D P E R S O N A L IN T E R V IE W S IN V IT E D =
Tfie Nortfivestern 5 an^ rV o lum e XI.
A Bankers Journal fo r the Northwest.
D ES M OINES, IO W A, A P R IL , 1904.
$2.00 P e e A n n u m .
THE NORTHWESTERN BANKER,
PUBLISHED BY
Tl)e N orth w e ste rn g a n g e r Pab. C o v
D ES M O IN E S , IO W A .
A m onthly Bankers Journal, devoted to the
the Northwest.
Communications and ne.vs items o f local
this territory are requested.
Entered at Des Moines, Iowa, as second class
Subscriptio i $2.00 per annum single copie ,
Advertising rates on application.
interests of hankers in
20 Cts . P e e c o p y .
tio-n in a bank. If you desire to- buy or sell all or a
part of your bank stock or furniture or if you want
a position in a bank or additional help we can serve
you promptly. Consult our “ Bankers Exchange”
department or write us.
interest to bankers in
matter.
20 cents.
I o w a at Des Mones June 15 and 16.
South Dakota at Sioux Falls June 7 and 8.
M in n eso ta at Lake Minetonka June 21 and 22.
A plan is on foot to have the Minnesota bankers
attend the St. Louis exposition in a body immedi
ately following their annual convention at Lake
Minnetonka, June 21st and 22d. The Minnesota
bankers for several years have taken an outing- im
mediately after their convention.
The state convention of the Iowa Bankers Asso
ciation will be held in Des Moines June 15th and
16th and the Minnesota Bankers will meet at Lake
Minnetonka, near Minneapolis, June 21st and 22nd.
These will be two1of the most important bank meet
ings of the year and will be largely attended. Mark
the dates and plan accordingly.
Banking conditions throughout the Northwest are
good. The banks have plenty of money to meet the
legitimate needs of their customers. Speculation in
land and cattle has ceased and with a reasonably
good crop and with business conditions returned to
a normal basis as they now are we may look for
ward with considerable confidence to continued good
times.
W e have several South Dakota banks for sale
Splendid opportunities for young bankers with small
capital. In this connection we direct attention to
“ The Bankers Exchange,” a regular department for
the buying and .selling of banks, bank stocks, safes,
fixtures, securing positions, etc. W e can usually
supply competent and experienced help for any posi
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
N u m ber 4 .
A large company handling bank supplies ir.
their general circulars asked customers to remit by
“ express money orders.” Secretary Dinwiddie
took the matter up with them- and suggested that
inasmuch as they were soliciting business from
banks it would be more appropriate to have the
money remitted in some other way. Hereafter cus
tomers will be invited to remit by “ bank draft.”
J. L. Edwards has been elected president of the
Merchants National Bank of Burlington in place of
T. W. Barhydt, who retires from active service after
a long and unusually successful career. Mr. Edwards
has for several years been the active officer and has
won the confidence of the people of Burlington and
of the banking fraternity at large. He is one of
Iowa’s most successful young bankers and the im
portant position just tendered him is a recognition
of his ability as a banker and executive officer.
It is especially gratifying to learn that Iowa bank
ers are appreciating the good work being done by
their state association and more and more are be
coming members and thus doing their part to make
it a still stronger body and of more practical use.
No well informed banker will longer question the
practical value of the association to- every bank in
the state. The association now numbers nearly twothirds of the banks- in the state and a very much
larger (proportion of the banking capital employed.
During the last few months the expenses for the
prosecution of several forgers have been paid by the
association and convictions secured. The reward
for the apprehension and conviction of bank burglars
— $1,000— has been paid in one instance the past
year, and there is more for the same purpose. There
are many other -ways in which the association is in
directly helping your bank.
Can you spend the
small sum of $5 in any better investment than a
membership? W hy not get into the band wagon
with the other bankers?
T H E N O R T H W E STE R N
6
! J j^ e r e h a n ts
£ x e h a n á £
257
BANKER.
R a t io n a l
April, 1904.
ß a n f j l
BROADWAY
OF T H E C I T Y OF N E W Y O R K .
CONDENSED STATEM E N T, JAN. 22, 1904.
Loans................................................................. $5,035(306.78 Capital.........................................
.............. $ 600,000.00
Surplus and Undivided Profits.
Overdrafts........................................................
33.01
.............
360,099 07
U. ¡S. Bonds$250,000; Premium, $19,375 ..
269,375.00 Circulation..................................
.............
207,950.00
132,868.13 D eposits......................................................
6,670,070.18
Other Bonds, Stocks, Securities, etc........
Due From Banks.............................................
357,475.26
Cash................................................................... 2,043,071.07
$7,838,129.2o
$7,838,129.25
PHIN N EAS C. LOUNSBURY, President.
it+ 4.4.+ 4. 4.^
^
A C C O U N T S S O L IC IT E D .
E D W A R D V. GAM BIER, A sst. Cashier.
4* *f*4--f*++4*4- 4*4- 4*4" 4*4*4*4*4*4*4*4*4*4*4*4*4*4*4*4*4-+4*4*4-4*4*4*4*4*4-4*4*4*4*4"+4 4 4 4 4 4 4 4 4 4 4 4 4'4 4 4 4 4 4 4J*
A Trust Company of Bankers.
There are many matters connected with the banLing business that can be better and more profitably
handled by a trust company than by a bank, and a
trust company has many avenues for earning money
that are closed to incorporated banks.
Because of these conditions, and also because
banks have certain lnes of business which they can
profitable turn to trust companies, the Bankers’
Trust Company of New York City was organized
one year ago by a number of prominent bankers.
The institution is unique in many ways. Each of
its directors is an executive in one of the larger
banks of the country, and are a guarantee of the
conservatism and success with which the affairs o r
the trust company are managed. They have repre
sented on their board almost one-third of the clear
ing house membership of New York City— banks
aggregating in deposits close to $500,000,000. It
will be seen also from the list of directors the close
touch of the Bankers’ Trust Company with the great
railroads and industrial enterprises of the country.
An indication of the confidence which the Bank
ers Trust Company has established in the public
mind may be suggested by the fact that its record is
unprecedented, in that in the year of its existence
it has secured an aggregate deposit line of over $1
500,000, having made a gain of $2,500,000 since
the first of the year.
The capital of the institution is $1,000,000 and
its surplus $500,000', paid in, which made the
amount paid in per share $15. Applications for
stock in the company at the time of its organiza
tion were something like $20,000 000, and the bid
and asked quotations for the stock in the market
today are $300, or over, per share; This figure does
not in any way represent book value, but simply the
confidence of the community in the future success
of the company.
W e feel sure the bankers of the Northwest will
advance their interests by corresponding with the
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Federal Reserve Bank of St. Louis
A LLEN S. APG A R, V ice-P res, and Cashier,
Bankers Trust Company on the subject of deposit
accounts or any other trust company business.
The officers are F. C. Converse, president; J.
F. Thompson, vice president ; T. W . Famont, secre
tary and treasurer ; L. H. McCall, assistant secre
tary; D. E. Pomeroy, assistant treasurer.
The directors are : Stephen Baker, president
Bank of the Manhattan Co., N. Y .
Samuel G. Bayne, president Seaboard National
Bank, New York.
James G. Cannon, vice president Fourth National
Bank, New York.
Edmund C. Converse, president.
Henry P. Davison, vice president First National
Bank, New York.
James H. Fckles, president Commercial National
Bank, Chicago.
A. Barton Hepburn, president Chase National
Bank, New York.
Gates M. McGarrah, president Feather Manu
facturers’ National Bank, New York.
Edgar F. Marston, Blair & Co., Bankers, NewYork.
George W . Perkins, J. P. Morgan & Co., Bank
ers, New York.
William H. Porter, president Chemical National
Bank, New York.
Daniel G. Reid, vice president Fiberty National
Bank, New York.
Francis H. Skelding, cashier First National Bank,
Pittsburg.
Edward F. Swinney, president First National
Bank, Kansas City.
John F. Thompson, vice president.
Albert H. W iggin, vice president Chase National
Bank, New York.
Robert Winsor, Kidder, Peabody & Co., Bank
ers, Boston.
Samuel Woolverton, president Gallatin National
Bank, New York.
Edward F. C. Young, President First National
Bank, Jersey City,
T H E N O R T H W E STE R N B A N K E R
April, 1904.
7
The National Shoe and Leather Bank
OF
TH E
CITY
OF7 N E W
YOKK.
C o m p a r a tiv e S ta te m e n t, as R e p o r t e d to th e C om p tro lle r.
W ILLIAM L. MOYER, President.
JOHN A. HILTNER, V. Pres. & Cashier.
GILBERT B. SAYRES, Asst. Cashier.
ALFRED G. M cGRATH, Asst. Cashier.
AUGUSTUS C. CORBY, Asst. Cashier.
jz?
= S O L IC IT S A C C O U N T S =
From Individuals, Firms, Corpora
tions and banks, assuring Prompt
Service and Liberal Treatment.^*
RESOURCES.
Feb. 6,1903. June 9,1903.
Jan. 23, 190k. M ar.28,190U.
Loans and D iscounts........................................ $5,314,140.24 $5,103,577.87 $0,235,621.60 $6,981,575.62
U. S. Bonds to Secure Circulation..............
50,00“. 00
50,000.00
50,000.00
102,500.00
Other Stocks and Bonds...................... - ........ 239,169.44
238,794.44
224,762.89
224,762.89
Real Estate—Banking House.........................
470,000.00
465,000.00
460,000.00
460,600.00
3,475,754.94
3,477,132.51
3, 906,212.41
Cash on Hand and Due from B an ks.........- 2,674,310.21
,747,619.89
$9,333,127.25
$10,447,5
1
7.00
$11,585,050.92
LIABILITIES.
Capital Stock................................................. - $1,000,000.00
323,924.38
Surplus and P r o fits ......................................
Taxes A nticipated.........................................
—— ----Circulation....................... - ........................
50,000.00
DEPOSITS—In d iv id u a l................................ 4,351,166.29
DEPOSITS—B an ks....................... - .............. 3,023.479.22
$8,747,619.89
$1,000,000.00 $1,000,000.00 $1,000,000.00
363,234.94
357,588.24
367,674.01
5,000.00
99.250.00
49,050.00
45,200,00
49.200.00
4,834,695.43
5,032,581.31
5,865, 700. 47
3,084,996.88
4,008,147.45
4,252,426. 44
$9,333,127.25 $10,447,517.00 $11,585,050.92
The National Citizens and Central Nationa ¡vice president, New York Life Insurance Co.;
Combine.
Henry B. Stokes, president Manhattan Ifife Insur
ance Company; and Elkan Naumburg, of E. NaumOne of the most important bank mergers in re
cent years was effected when the National Citizens berg & Co., Bankers. The mercantile interests are
Bank and the Central National of New York were also well represented on the board, having the
consolidated on March 14. and the combined business names of the leading men in that line in the district.
It will be seen that the bank is remarkably strong
opened at the building formerly occupied by the Cen •
both in its directorate and its officers— officers who
tral National.
The consolidation of these two* banks leaves but are men of wide experience in banking and thor
Edwin S.
one national bank in the great wholesale dry goods oughly posted in mercantile credits.
Schenck,
president,
was
president
of
the
National
district of New York, and it well equipped to take
Citizens’
prior
to
the
consolidation.
His
connection
care of that important branch of trade as well as
having ample capital and resources to handle all with banking began in 1892, when he became assist
ant cashier of the Hamilton Bank of New York.
legitimate propositions offered to it.
The capital of the Citizens Central National is He became its president, and while holding this cu
$2,550,000, and their deposits $20,000,000, making shion, in February, 1901, he was chosen vice presi
dent of the National Citizens’ Bank, and the next
it one of the large commercial banks of the city.
year
elected president. During Mr. Schenck’s of
The National Citizens Bank was founded in 1851
ficial
connection with this bank its business has
as a state institution, but when a tax was imposed
on the circulation of state banks it made application grown remarkably, both in the ordinary course and
for a national bank charter and has continued under by the absorption of the Ninth and Central.
Mr. Schenck was formerly secretary of the New
the national banking system ever since. It will be
York
State Bankers’ Association. He is a brother
remembered that in 1901 the National Citizens ab
of
Frederick
B. Schenck, president of the Men ¡ri
sorbed the Ninth National. Its only other competi
tor in the dry goods district was the Central Na ffle National Bank, of New York.
Ewald Fleitmann, vice president of the new bank,
tional, and with the merger just consummated the
has
long- been prominently associated with the bank,
field is left to one institution which is now better
being
presdent of the National Citizens’ before it
able to take care of its customers than ony one of
absorbed
the Ninth, when he resigned and accepted
the three old banks could do.
the
vice
presidency.
It must not be inferred, however, that the Citi
Henry Dimse, the cashier, held the same position
zens Central National Bank confines its operations
altogether to the dry goods trade. Its business is in the National Citizens’ since 1901, pror to which
of a diversified character and it is therefore in a posi time he was vice president of the Twelfth Ward
Bank. He has had fifteen years’ experience in bank
tion to serve all classes of the banking business.
Its equipment is unsurpassed and its business con ing and is thoroughly familiar with all the details
of the business.
ducted on a conservative but progressive basis.
Nelson A. Reynolds, assistant cashier, was con
Among its officers and directors are some of the
best known financial men in the country. Included nected with the Hanover National Bank for twentyin the list of directors are James Stillman, presi five years, working his way up through the various
positions until he was made the city manager— a
dent National City Bank, New Y ork ; Wm. Halls,
position of great responsibility. When the Han
Jr., vice president Hanover National Bank of New
over interests acquired control of the Ninth NaY ork ; J.Tin A. McCall, president, and Henry Tuck,
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Federal Reserve Bank of St. Louis
8
T H E N O R T H W E STE R N B A N K E R .
April, 1904.
T he S E A B O A R D
NATIONAL BANK
O F T H E C IT Y O F N E W
Capital, $ 5 0 0 , 0 0 0 .
YO RK
Surplus (earned), $ 1 , 4 1 8 , 0 5 3
ACCOUNTS
S O L IC IT E D .
S. G. BAYNE, President.
S. G. NELSON, Vice-President.
C. C. THOMPSON, Cashier.
W. K. CLEVERLEY, Assistant Cashier.
J. H. DAVIS. Assistant Cashier.
tional, Mr. Reynolds became cashier of that bank,
and when it was merged with the National Citizens'
be became assistant cashier, holding this office until
he was chosen first assistant cashier of the Citizens’
Central National.
Albion K. Chapman, also assistant cashier, has
held the same office with the National Citizens’ since
1901.
The Citizens’ Central National Bank starts out
under the most favorable auspices. With large re
sources, large business and large men toi direct its
affairs it will certainly have a rapid growth, attract
ing new business from its own city and from the
banks the country over.
Meeting of Group 10, I. B. A.
The Marshalltown bankers entertained the mem
bers of Group 10 of the Iowa Bankers’ Association
April 6th at their first meeting since the state was
redistricted. The officers appointed by the state as
sociation until the first meeting were T. J. Fletcher,
of Marshalltown, and W . H. Woods, of Iowa Fails.
The first meeting was intended more as a get-to
gether and an organization meeting. A t the after
noon session the election of officers resulted in S.
R. Raymond, of the Grundy Center National Bank,
being named as chairman; and T. F. Harding, of
the Citizens’ Bank of Eldora, secretary. T h e execu
tive committee will be composed of John Wilson,
Reinbeck; Percy H. Kneeland, Boone; W . T. S.
Rath, Ackley; P. Sheldon, Ames, and A. F. Balch,
Marshalltown— one member from each of the five
counties in the groups— Boone, Hardin, Story, Grun
dy and Marshall..
The Marshalltown bankers gave a luncheon at the
Pilgrim in the evening for about seventy visiting
bankers and local friends. D. W . Norris, Jr.,
acted as toastmaster. He introduced several speaks
ers for informal responses to the toasts proposed.
The program was almost wholly arranged a few
minutes before the guests entered the banquet room,
and hence consisted largely of impromptu expvessons of good will, stories and thoughtful observa
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Federal Reserve Bank of St. Louis
tions upon the dignity and importance of the bank
ing business. George F. Kirby, president of the
Fidelity Savings Bank of Marshalltown, extended
a hearty and felicitous greeting to the visitors. J.
F. Hardin, proprietor of the Eldora Citizens’ Bank,
responded in a most happy manner, proving con
vincingly that everybody was more than glad he
had come. Hon. J. L . Carney sketched the inter
dependence of the legal profession and the banker’s
business; E. B. Jones, pastor of the First Baptist
church, was asked to* interpret holy writ as it treats
of the banking business, and gave some thoughtful
and happy suggestions upon the inter-relation of
money and morals; Superintendent William I.
Crane, of the public schools, closed the evening with
a happy talk.
Individuality in Bank Statements.
The general interchange of statements among
banks is not only good advertising but it also serves
a useful purpose in promoting a better understand
ing of busness conditions in different parts of the
country. As a rule statements contain little bey jnd
a copy of the report either to the comptroller or to
the state authorities showing the condition of the
banks on a specified date, but here and there the in
dividuality of the bank shows itself in some addi
tions to the statements that give these reports an
added interest.
A national bank in one of the busy cities in one
of the middle western states, with capital of $100,000 and surplus and profits of $70,000, makes, it
seems to us, a “ hit” in adding to* ther statement:
“ We invite the patronage of Plain People.”
Another bank crisply tells the people of its sec
tion that it “ Receives Deposits; Cashes Checks; Is
sues Drafts; Makes Loans; Makes Collections.”
A good sized Iowa bank solicits business in this
effective way “ The largest fortune is made up of
single dollars. In the long run it is more fashion
able to1 have money than to> wear good clothes.
Open up a check account and pay your bills by
T H E N O R T H W E STE R N B A N K E R .
April, 1904.
9
National Bank of the Republic
C A P I T A L
2,000,000.00
aims to give the best
service at all times
in
JO H N A . L Y N C H , President
W . T . F E N T O N , V ice-P resid ent
S U R P L U S
$700,000.00
C h ica g o
M M cK IN N E Y
Cashier
’
O.
L . C R A M P T O N , Assistant Cashier
H . S W A N , Assistant Cashier
D IR E C T O R S
Charles R . Crane
C. H. C onover
H enry Siegel
J. V . Farwell, Jr.
H. W . H einrichs
H erm on B. Butler
John A . L yn ch
R ollin A . K eyes
Frank O. L ow d en
W . T . F enton
check. This will enable you to tell where your
money has gone.”
A substantial North Dakota bank believes in pub
licity. “ W e circulate this statement because we
believe the public is entitled to- know how we stand.”
An Indian Territory bank gives the community
this invitation: “ If you have never had any deal
ings with us, please consider this an invitation to
give us a trial.”
A prominent bank in Louisiana indicates that
“ Collections are not treated as a side line.”
One of the national banks in the state of Texas,
as well as one of the large St. Louis banks, uses this
slogan: “ W e know your wants and want your
business.”
A natonal bank in Iowa gives its invitation in this
form: “ The way to- have a bank account is to start
one, and we want you to start one with us.”
One of the large banks in North Carolina puts
itself on record in the interest matter: “ This bank
pays no- interest on any form of deposit.”
A bank in another secton of the country puts it
this w ay: “ W e pay no interest. A bank should
loan money, not borrow.”
The moral is obvious in this addition to the state
ment of one of the good banks in a prosperous town
in Illinois: “ The officers and directors- of this- bank
believe in conservatism and will not complain if
customers show the same disposition. Care upon
the part of both will not insure too much safety.”
Condition of Chicago Banks.
Fourteen national banks in Chicago- reporting
their condition as of March 28, showed an aggre
gate increase of $3,400,000 in deposits, an increase
of nearly $10,459,440 in loans and discounts and a
decrease of about $6,650,000 in cash means. The
national bank changes in the last two months are
practically the reverse of those shown recently by
the state banks and trust companies. While the na
tional institutions report a comparatively small in
crease in deposits and a large increase in loans, the
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Federal Reserve Bank of St. Louis
R obt. M ather
E . B . Strong
John R . M orron
L ou is F. Swift
J. B . Greenhut
F. E. V o g e l
state institutions showed a gain of nearly $17,000,000 in deposits and an expansion of only about a
quarter of a million in loans.
Total deposits of all the Chicago banks are up near
the highest point ever touched, and the amount held
by the state banks, as reported March 22, is only
about $29,000,000 less than the deposits in the na
tional banks. The aggregate held by thirty state in
stitutions as of March 22 and fourteen national
banks as of March 28 is $529,,800,000. The aggre
gate loans were $342,500,000, and the total cash
resources $206,000,000.
Meeting of Group IS, I. B. A.
The first meeting of Group Number 12, Iowa
Bankers’ Association, was t,eld at Clinton March
16, and although the first meeting of this new dis
trict, was well attended aiV most satisfactory in
every respect.
A fter an hour spent in inspecting the club rooms
and in getting- acquainted with one another, Chair
man Ely being out of the state, Secretary H. M.
Carpenter of Monticello- called the meeting to- order.
Lawyer Ellis of Clinton bade the bankers welcome,
and was responded to- by R. T. Forbes of Cedar
Rapids.
Various subjects of especial interest to- bankers
was introduced by the chairman and freely discussed
by tire other bankers. The tax ferret law and the in
spection of bank safes occupied most of the time.
Ralph Van Vechten spoke of many of the evils that
had grown out of the tax ferret system, giving- sev
eral examples that had come under his personal ob
servation. He was followed by Messrs. Hass and
Balluff, who spoke of the operation of the law in
Scott county. It seemed to- be the general opinion
that the law should be abolished.
The advisability of arranging for a state inspector
of bank safes and locks, under the auspices of the
state association, was freely discussed by M'essrs.
Carpenter, Reynolds, Forbes and Van Vechten. It
was thought that the present cost to the banks is
T H E N O R T H W E ST E R N B A N K E R .
IO
T
u e
N
lw
Yo
iu î
Na
t io n a l
S.W . C O R . C H A M B E R S ST. & W E S T
ORGAN1ZEI)
E
April, 1904.
x c h a n g e
B
.
a n k
BROADW AY
L E W IS ^ E . P I E R S O N ,
1851
P r e s id e n t
J A M E S E . N I C H O L S , V ic e P re s .
F R E D E R I C K W O R T H , V ic e P re s .
CAPITAL, $1,000,000
SURPLUS,
750,000
EXCEPTIONAL
R O L L1N P. G R A N T ,
SERVICE
exorbitant and that it can be greatly reduced by co
operating as a state association and hiring an expert
to give his whole time to the members.
An elaborate luncheon was served by the ladies of
Clinton, which was thoroughly enjoyed by the visit
ing bankers and their Clinton friends.
A fter the conclusion of the feast, C. B. Mills, as
toastmaster, introduced the speakers, most of whom
had but a few minutes’ warning of what was ex
pected of them, but nevertheless the responses were,
without exception, bright and witty and abounding
in good fellowship and optomistic. philosophy. There
was also' a running fire of telegrams and comments
from the toastmaster and C. C. Coan that added
much to the enjoyment of the occasion. The re
sponses were all worthy of production in full.
A toast was responded to by Geo. M. Curtis, who
gave a humorous talk and a recitation composed by
one of his senatorial friends at Washington. Homer
Miller of Des Moines made a neat response to Mr.
Curtis, and D. H. Snoke gave a short talk, thanking
the Clinton members of the association for their hos
pitable treatment and entertainment. Postmaster
Gardner gave a pleasant talk and Attorney A. P.
Barker responded to “ W hat the Ordinary Attorney
Knows About the Banking Business.” L. P. Allen
responded to “ The Printer,” Arthur Reynolds of
Des Moines spoke on “ Our Capital,” and A. A. Balluff responded to “ Davenport.”
Attorney Schuyler and Judge Chase spoke warmly
of the young business men of Clinton who are win
ning recognition in the business world.
The Clinton bankers left nothing to' be desired in
the way of entertainment for their guests. The
meeting was certainly one of the best and most en
joyed that has yet been held in the state.
The out of town guests w ere: Ralph Van Vechten,
Cedar Rapids; J. E. Burmeister, Davenport; T. IT.
Stauffer, W alcott; J. V. Bloom, D eW itt; J. E. Park,
LeClaire; C. A. Wolfe, Low Moor; P. V. N. Mey
ers, West Branch; A. M. Price, D eW itt; R. T.
Forbes, Cedar Rapids; T. H. Hass, Davenport; G.
F. Emery, Chicago; C. W . Comstock, Lost Nation;
G. E. Bartholomew, Preston; Otto' Schmidt, Pres
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Federal Reserve Bank of St. Louis
IN
EVERY
-
C ash ier
I R A N K M. BURGER,
A sst. Cashier
DAVID H. G. P E R R Y ,
Aset. Cashier
DEPARTMENT
ton; F. E. Butzloff, Charlotte; H. F. Flenniken,
Olin; H. G. Holcomb, Martelle; F. E. Port, Martelle; A. H. Gish, Lost Nation; J. H. Shoff, Folletts; H. M. Carpenter, Monticelto; Plorner E. Mil
ler, Des Moines; Aug. A. Balluff, Davenport; H. F.
C'ollver, Mechanicsville; E. Webbies, Mechanicsville; J. W . Reihman, Grand Mound; D. H. Snoke,
Durant; Jas. E. Hamilton, Cedar Rapids; Geo. G.
Hunter, Des Moines ; Arthur Reynolds, Des
Moines; G. M. Benedict, Chicago; Geo. F. Orde,
Chicago; R. L. Crampton, Chicago1; M. W . Inguersen, Fulton, 111.
H.
M. Carpenter was chosen as group chairman
for the ensuing year and A. E. Smith of Clinton
secretary. The group comprises the counties of
Muscatine, Scott, Cedar, Jackson, Jones and Clinton.
There are 100 banks in the group and sixty-five are
members of the state association.
Minnesota Group Meetings.
The third group of the Minnesota Bankers’ Asso
ciation was organized at Austin, Minn., March 22.
Mayor C. F. Cook welcomed the visitors with a
brief and appropriate address. Response was made
by President Kellar of the First National Bank of
Albert Lea. Mr. Kellar gave a brief review of the
banking history of southern Minnesota, a part of
which he has been for the past 35 years.
An important address was that of Attorney LaFayette French of Austin. It was an exhaustive re
view of the history of national banking from the be
ginning in 1790 down to the present time.
Joseph Chapman, Jr., secretary of the Minnesota
Bankers’ Association, followed with a bright talk
011 association work and what had already been a c
complished by the Minnesota association. Mr.
Chapman mentioned two important things the
Minnesota association had accomplished— The In
stitute of Bank Clerks and the promotion of bank
money orders.
A. C. Gooding, of the Union National of Roch
ester, followed with a scholarly paper on the sub-
April, 1904.
T H E N O R T H W E STE R N B A N K E R .
FRANCIS B. REEVES,
P r e s id e n t
RICHARD Li. AUSTIN, V ic e P r e s id e n t
THEO. E. WIEDERSHEIM, 2n d V i c e P r e s id e n t
19
JO SE P H W A Y N E , J R .,
Ca s h i e r
The Girard National BanK
Philadelphia, Pa.
C A P IT A L , $2 ,0 0 0 ,0 0 0
SU R PL U S
and
PRO FITS, $2 , 7 0 0 ,0 0 0
D EPO SITS, $2 5 ,5 0 0 ,0 0 0
1
AC CO U N TS OF BANKS A N D BA N K ERS SO LIC ITE D
month in Bermuda with his family, and C. T. Jaffray, the cashier, is now in the East on a long- trip.
The First National Bank of Cass Lake now has
G. D. La Bar, president, in place of A. F. Ferris ; J.
Neils, vice president, in place of G. D. Le Bar.
A t the First National Bank of Lake Benton Hans
Lavesson is president, in place of Chas. J. Weiser;
K. G. Skartum, vice president, in place of Ben B ear;
no second vice president in place of John S. Tucker.
The Bank of Odessa has been purchased by E. J.
Weiser and John Michall of the First National Bank
of Ortonville, and H. M. Weiser of Decorah, Iowa.
The bank will continue to be operated as an Odessa
institution, with H. M. Weiser as cashier.
The bankers of Austin entertained the bankers of
the First congressional district March 22nd, when
a “ group” was organized. The district comprises
the counties of Olmstead, Mower, Fillmore, Free
born, Houston, Dodge, Winona, Wabash and creel e
The new Security State Bank of- Hitterdal has
been organized with the following officers : Presi
dent, T'hieo. Tingdahl; vice president, M. J. Solum;
cashier, Paul Van Vlissengen. The capital stock is
$10,000. All the share holders live in and around
Hitterdal.
The Exchange Bank at Grand Meadow has en
tered the tropical fruit growing business on a small
scale. Governor Van Sant has inspected the “ orch
ard” in the window of the bank, and a large ripe
lemon has been sent him. The tree is 15 years old
and is over eight feet high.
The National Bank of Commerce, Minneapolis,
has moved its main affices to the mezzanine floor of
its building which it will occupy for about two
months while the main office room is being remod
eled. The improvements will cost several thousand
dolars, and it will take two months or more to com
plete them.
The third trial of Charles F. Leland, owner of
the defunct Commercial Banking Companv of Du
luth, on the charge of receiving money for deposit
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
when he knew he was insolvent, is on. This case
will be tried on another count than that used in the
two other trials. There is little difference, however,
being merely a different complainant.
Joseph Chapman, Jr., secretary of the Minnesota
Bankers’ Association and chairman of the Bank
Money Order Committee of the American Bankers’
Association, is a disciple of western strenuosity in
the fullest sense of that much used term. It is note
worthy, too-, that the said Chapman makes a suc
cess of whatever he undertakes.
Livingston Ouackenbush, aged 60 years, the in
solvent LeSueur banker, was arraigned March 30
on a charge of receiving monev into an insolvent
bank. He waived examination and in default of
bail was committed to the county jail to await the
action of the grand jury next September. He had
been in the banking business there for twenty-nine
business.
President C. H. Freeman of the Security National
Bank of Albert Lea walked to a drawer to1get cash
for a robber who held a revolver to Freeman’s head.
But instead of getting the cash Freeman bravely
snatched a revolver and caught the fellow unawares.
The robber was placed under arrest and gave the
name of Michael Murphy, Northfield, Minn. He
is believed to- be insane.
The Minnesota Bankers Association is issuing a
state bankers’ directory. A feature of the book will
be a correct list of “ no bank” towns. All members
of the state association will furnish a list of places
where they make collections, in which there are no
banks. Money order towns will be indicated, and
the book will be of especial value to mercantile in
terests doing business in the state.
The date and place for holding the fifteenth an
nual convention of the Minnesota Bankers’ Associ
ation have been decided upon. The meeting will
be held at the Tonka Bay Hotel, Lake Minnesota,
on June 21st and 22nd. The Minneapolis Clearing
House Association has appointed a committee on
April, 1904.
THE NORTHWESTERN BANKER.
20
T h e Hamilton National Bank
O F C H IC A G O
SURPLUS
$ 12 5 ,0 0 0
COMMERCIAL
NATL BANK
Co u n c i l B l u f f s , I o w a
m ~ O R G A N I Z E D J U N E 15TH, 1901
O FFICERS I
O F F IC E R S
C h a r l e s B. Pi k e , President
J. H. C a m e r o n , Vice-President
H e n r y M e y e r , Cashier
G e o . H , W il s o n , Assistant Cashier
D IR E C T O R S
F. A . Delano, Gen. Mgr. C hi., Burl. & Quincy Railroad.
Wallace Heckman, Business Manager Chicago University.
Charles L. Bartlett. President Orangeine Chemical Co.
T . A. Shaw, J r ., of T . A. Shaw & Co.
A. A. Sprague, 2d, of Sprague, Warner & Co.
Louis E. Laflin, Manager Estate of Matthew Laflin.
Granger Farwell; of Granger Farwell & Co.
Charles B. Pike, President.
J. H. Cameron, Vice-President.
C. J. Eldredge of Merrill & Eldredge, Com. Merchants.
J O S E P H R. R E E D , President
L. H A M M E R , Vice-Pres.
F. C. L O U G E E , Vice-Pres.
C. E . P R IC E , Cashier
C. K O N IG M A C H E R , A s s ’t Cashier
D IRECTO R S:
Joseph R . Reed
Carl F . K u eh nle
W. A . M aurer
L. H am m er
Geo. W. Nicholson
R . H. Bloom er
F. C. Lougee
Geo. P. M oorehead
L . F. H usz
C. E . P rice
J. F. Wilcox
C a p i t a l , $ 1 0 0 ,0 0 0 . 0 0
SOLICITS
FIRM S,
UALS,
W e Study the Requirements of the Banks in
the Northwest and Endeavor to Meet
Them in Every Reasonable W a y
A N D
A C C O U N TS
FROM
CO R PO R A TIO N S
A S S U R IN G
LIBERAL
B A N K S,
a n d
IN D IVID-
P R O M P T
SER V IC E
T R E A T M E N T
: :
: :
::
arrangements consisting of A. A. Crane, of the of the bank. Increased duties at home only induced
National Bank of Commerce; Jos. Chapman, Jr., the gentlemen to dispose of the stock which has paid
of the Northwestern National; C. T. Jaffray, First so- handsomely for the past fifteen years. The price
National; Perry Harrison, Security; F. A. Smith, was 175. The active management remains the same
Swedish-American; W . H. Fee, Hennepin County as it has for a number of years, except for the addi
Savings Bank.
tion of F. E. Tucker.
A meeting was held at FeSueur recently by the
creditors of the insolvent banker, Livingston Quack
Nebraska News and Notes.
enbush, at which about 300 persons were present,
representing the greater portion of the $114,000
The Albion National Bank will erect a new bank
indebtedness. It was agreed to- accept the proposi building.
tion made by Mr. Quackenbush to pay out 50 per
The Farmers & Traders Bank of Wakefield will
cent of the claims and he will make an effort on his erect a new building.
part to furnish a good bond for this amount.
The Schuyler National Bank of Schuyler have
The failure of Livingston Quackenbush at Le renewed their charter.
Sueur is the second Le Sueur bank to fail within
The Farmers State Bank building of Osmond was
the past year. The other one was also a private
recently destroyed by fire.
bank, operated by W . A. Patton. Patton was tried
Benson.— James A. Howard will establish a bank
and convicted of violating the United States bank
here
to be called the Bank of Benson.
ing law in receiving deposits after he knew the bank
Lincoln.— The State Bank of Holbrook has been
was insolvent. He put up the defense that he was
insane at the time, but this failed to go with the incorporated. Capital stock, $6,000.
The corporate existence of the Commercial Na
jury.
Messrs. C. J. Weiser and Ben Bear of Decorah, tional Bank of Omaha has been extended.
A savings bank is being organized at Fremont by
Iowa, and J. S. Tucker of Minneapolis have dis
posed of their stock in the First National Bank-of stockholders of First National. Capital, $15,000.
Lake Benton to H. and Charles Lavesson, K. G.
The First National Bank of Holdrege has se
Skartum, J. E. and F. E. Tucker, local stockholders cured an extension of their charter for 20 years.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
April, 1904
THE NORTHWESTERN BANKER,
The Farmers State Bank of Pickrell will open
April 15th. Capital, $5,000. J. D. White and
others.
Fremont.— E. R. Gurney of the First National
has bought the controlling' interest in the bank at
Tamora.
The First National of Verdon is a new bank.
Capital, $25,000. Lyman B. Cornell and other or
ganizers.
Edward J. Jeafy is now assistant cashier of the
First National Bank of Elmwood, in place of j.
F. Paddleford.
The Diller State Bank has opened for business.
Capital, $20,000. A Mayborn, president; O. J.
Mayborn, cashier.
The Seaboard National Bank of New York has
been chosen as reserve agent for the First Natior «1
Bank of Holdrege.
Barneston.— Prof. A. R. S taler has succeeded in
disposing' of his interest in the Commercial State
Bank to J. M. Howe.
The United States National Bank of Omaha has
been chosen as reserve agent for the Genoa N a
tional Bank of Genoa.
The Citizens Central National Bank of New York
has been approved as reserve agent for the First Na
tional Bank of Omaha.
The Security State Bank of Washington has been
organized. H. B. Waldron of Waterloo-, president;
W . T. Waldron, cashier.
D. S. Flo-r of Waterloo- bought controlling inter
est in the Harlan County Bank of Alma. Mr. Mc
Culloch, cashier, will remain in charge.
George W . Carter, who for six months past has
been the cashier in the Bank of Dakota City, has
severed his connection with that institution.
The Broken Bow State Bank has extended its
business by the purchase of the First National Bank
of Alliance, which will be capitalized at $25,000.
H.
S. Collins is president of the First National
Bank of Wakefield, in place of W . P. Manley; S.
A. Merrill, vice president, in place of H. S. Collins.
Henry R. Kent, cashier of the Farmers and Mer
chants Bank of Lincoln, has accepted a position as
cashier of the Fort Dearborn National Bank of Chi
cago.
Commencing April 1st, the Blair State Bank is
issuing interest-bearing certificates at the rate of
3 per cent for six months or 4 per cent for twelve
months.
The First National of Elwood is a new bank.
Capital, $25,000. Jno. M. Ragan, president; E.
Shallenberg'er, vice president; John M. Ragan, Jr.,
cashier.
The bank at Malmo has put in an imp. oveu burg
lar alarm which makes it impossible for burglars
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
21
to- enter the vault without arousing the people for
blocks around.
The First National Bank of Bloomfield now has
Fred Nehling, vice president, in place of A. PL
Banks; T. J. Nehling, assistant cashier, in place of
Wni. Berridg'e.
Norfolk.— The Nebraska National Bank has been
incorporated by G. D. Butterfield, John Friday,
Peter Stafford, Geo-. B. Cristoph, H. C. Settler and
Isaac Powers. Capital, $50,000.
The Roseland State Bank has been issued a char
ter by the state banking board. The new bank has
capital stock of $5,000-, and the incorporators are
Edward Hall and C. A. Phillips.
The Diller State Bank has opened for business
with an authorized capital stock of $50,000. O f
ficers are: A. Mayborn, president; James T. Beel,
vice president; O. J. Mayborn, cashier.
The deposits of the Omaha National Bank are
now $7,648,858. They have a capital of $1,000,000
and profits of $209,000. Their loans are $4,783,000. Chas, E. W aite is cashier .
The Commercial Bank o-f Campbell is now an es
tablished institution, incorporated under the laws
of the state, and is already doing a splendid busi
ness. E. S. Chevalier is president, R. C. Chevalier,
vice president, and Joseph Chevalier, cashier.
April, 1904.
THE NORTHWESTERN BANKER.
22
-----------T H E —
Capital and Surplus,
N ation al L iv e S to c k B an k
O F C H IC A G O , IL L .
C a p ita l,
.
.
.
S u rp lu s and Undivided Profits,
S 1,0 0 0 ,0 0 0 .0 0
1 ,2 6 4 ,2 9 5 .5 2
$4,000,000.00
TH E
CONTINENTAL
N A T IO N A L
BAN K
OF
D IR E C T O R S :
J o h n A . Sp o o r
L e v i B. D o u d
Sa m u e l C ozzen s
R o s w e l l Z. H e r r i c k
-
N e l s o n M o r r is
A r t h u r G. L e o n a r d
J a m e s H. A s h b y
S. R . F l y n n
C H IC A G O
O F F IC E R S :
Gates A. R yth er
S. R. F l y n n ,
Cashier
President
G. F . E m e r y ,
W . F. D oggett,
Assistant Cashiers
Does a L a rg e r V o lu m e o f
B u sin es s th a n an y o th e r
B a n k of its F o o tin g s in
th e U n ite d S ta te s .
Respectfully Solicits the Accounts of
Banks, Corporations, Mercantile Firms & Individuals
A g g re g a te D epo sits of O ver
$750,000,000.00
D u rin g th e P a s t Y e a r.
W E h a v e as G o o d F a c ilitie s fo r D o ing- a G en era l B a n k in g B usin e s s as a n y B a n k in C h ic a g o .
JOHN C. BLACK, President
G e o . M. R e y n o l d s , V ice Pres.
B e n j a m in S. M a y e r , Ass’ t Cashier
N. E. B a r k e r , V ice President
W. G. S c h r o e d e r , Ass’t Cashier
I r a P. B o w e n , Ass’t Cashier
H e r m a n W a l d e c k , Ass’ t Cashier
J o h n M c Ca r t h y , Ass’ t Cashier
W e h a v e B e tte r F a c ilitie s
fo r t a k in g ca re o f L iv e S to c k B u s in e s s th a n a n y o t h e r B a n k in
C h ic a g o . A n A c c o u n t k e p t w it h u s w ill b e in c lu d e d in y o u r L e g a l
R eserve.
W e r e s p e c t fu lly s o lic it C o r re s p o n d e n ce as to T erm s.
W . E. Brown, ex-president of the W ayne Nation
al Bank, whose three Iowa concerns went to the
wall, has no interests whatever, in the Wayne N a
tional, having sold out about a year ago.
A new national bank will shortly be started in
Norfolk. It will be known as the Nebraska N a
tional Bank. Geo. D. Butterfield is at the head of
the movement. Capital stock is $50,000.
The Bank of Commerce at Lincoln will reorgan
ize as the National Bank of Commerce. Capital
will be increased from $50,000 to $100,000. M.
W eil is president and M. I. Aitken. cashier.
The First National Bank of Alliance new has
Chas. E. Ford, president, in place of W . A. Hamp
ton; R. M. Hampton, vice president; S. K. W ar
rick, cashier, in place of R. M. Hampton.
Fred Kuenmeth, who- has held the position of
cashier of the Union State Bank of Harvard, has
accepted a position with the Exchange National
Bank of Hastings, and has assumed his new duties.
The Merchants National Bank of Omaha show
by their last statement deposits of $3,322,000 and
loans of $2,306,620- Their capital is $500,000 and
surplus and profits $145,000.
Luther Drake is
cashier.
W . F. Ruzicka, in company with E. R. Gurney,
purchased the bank at Tamora, in Seward county,
Mr. Ruzicka has been the book-keeper in the Farm
ers and Merchants! Bank at Leigh for the past eight
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Ample Resources. Courteous Treatment. Superior Service
months, and Mr. Gurney is vice president of the
same institution.
The Custer National Bank of Broken Bow is now
located in its new building, especially constructed
for the banking business, which is as near fire and
burglar proof as is possible in a small city. The
furniture and fixtures are of the latest pattern.
A n old safe was recently opened at Florence, and
a part of the contents was found to- be a lot of oldtime bank notes, all unsigned. The notes were
issued on the Bank of Florence and are of various
denominations. They were distributed as relics
among the first settlers.
It is expected that a new savings bank will soon
1>e organized in Fremont. It will be the third insti
tution of its kind there and will be the seventh bank.
Stockholders of ¡the First National Bank are behind
the project, but the new concern will have its quar
ters elsewhere than with the parent bank.
The Farmers State Bank has been formed at
Pickerell and will begin business April 15. The in
corporators are: M. Weil and S. E. Foster of Lin
coln; J. H. Benner, Beatrice; F. L. Poithast, Cort
land ; J. D. White, Charles Buhrman, Charles Ellinger, Pickerell. The capital stock is $5,000.
The state treasurer has received the last install
ment of the money due from the old Capital Nation
al Bank— that is the state has received all that it
may ever expect to get, The last payment was
April, 1904.
T H E N O R T H W E STE R N B A N K E R .
71-100 of one per cent and amounted to $1,678.27,
making the total received by the state $41,860.42.
The First State Bank of Pawnee City now has
fine offices, having just put on a fine metal ceiling
which is paper and painted, making it very neat and
attractive.
Their statement shows them to
be one of the strongest banking institutions in
western Nebraska, having combined resources of
$225,000.
The Northeast Nebraska Bankers’ Association is
planning a safe opening* contest for its annual meet
ing at Ponca April 22. The prominent safe manu
facturers are asked to enter one of their safes for
competitive test, and one acceptance has already
been received. This will be an attractive feature
of the occasion.
The Union State Bank of Beatrice has opened
for business in its new building. The bank bought
the old Nebraska National Bank building, and has
had it refurnished and redecorated. There is no
finer banking room in Beatrice. The Union State
Bank was organized two years ago, and has made
a wonderful growth.
Bloomfield.— Fred Uhling has purchased the stock
in the First National Bank owned by Messrs. Banks
and Johnson of Wausa, and Mr. Berridge, the as
sistant cashier. The officers of the bank as they now
stand are Emil Engdahl, president; Fred Uhling,
vice president; A. J. Eindstrom, cashier; F. J. U hl
ing, assistant cashier.
The Farmers Bank of Kearney has as nicely ar
ranged banking house as one would wish toi see.
The large vault is divided into two compartments,
the front portion containing the private safety de
posit boxes. The Farmers Bank has a handsome
and conveniently arranged home and is doing a
conservative and profitable business.
A change has taken place in the ownership of the
First National Bank of Wakefield. W . P. Manley
of Sioux City, who has been president of the bank
for eighteen years, withdrew, and his interest was
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
23
purchased by the present cashier, Eevi Kimball, to
gether with others, among whom is S- A . Kimball
of Des Moines. The controlling interest is now
held by Levi Kimball.
The Diller State Bank is now open for business.
The bank is owned, officered and managed by citi
zens of Diller. Their equipment is modern and
complete, including a new Yale triple time lock,
Victor screw door bank safe. Their capital is
$50,000, with $20,000 paid in. The officers are
A. Mayborn, presdent; J. T. Bell, vice president; O.
J. Mayborn, cashier.
The Citizens Bank of Wayne has purchased the
business of the Wayne National Bank, while the
former, jointly with the First National and the State
Bank of Wayne, purchased the Wayne National
building, furniture and lot, the latter institution
having decided to discontinue business, though per
fectly solvent. For some time it has been apparent
that Wayne needed but three banking institutions,
owing to strong competition.
The Northeast Nebraska Bankers’ Association,
comprising about fourteen counties, will hold its
annual meeting on Arbor day, April 22nd, at Ponca.
Ed. T. Kearney is president of the association. The
association does much to' promote good fellowship
among its members, to encourage good banking, dis
cuss new and improved forms and throw safeguards
around the funds of its members. Through its state
association a reward of $500 is offered for the arrest
of burglars.
The Firth Bank of Firth was entered by burglars
March 18, who succeeded in almost wrecking the
bank building and the vault, but they were unsuc
cessful in forcing the safe open and left the scene
of their operations empty-handed, no money what
ever being secured. The officials of the bank knew
nothing of the burglary until morning. The bank
is fully insured against loss. The officers of the in
stitution are J. M. VanBerg, president; William
Kramer, vice president; H. H. Kramer, cashier.
April, 1904.
THE NORTHWESTERN BANKER.
24
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S th tb
N ä t io n ä l B h n k
Sioux City, Iowa.
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Ì C A P IT A L , - $ 2 0 0 ,0 0 0
i D E P O S IT S , 1 ,7 5 0 ,4 3 0
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>
¿v v v v v ^ v v srw ^ ^ v v v v v v v v v v v v v v v v v v O
. . . O F F IC E R S . . .
C E O . W E A R E , P re s id e n t.
H . A . J A N D T , V ic e -P re s .
H . A . G O O C H , A s s t. C a s h ie r.
J O H N M c H U C H , C a s h ie r.
T h is b a n k h a s u n e xc elle d fa c ilitie s fo r th e p ro m p t a n d c a re fu l h a n d lin g o f a ll b u s in e s s e n tru s te d to it.
and was lately with the Farmers’ and Merchants’
Bank, of Lincoln, Neb. E. A. Goddard is president
The directors of the Continental National Bank
of the Fort Dearborn National, and Charles E Far
of Chicago have declared the regular quarterly divirell is the first vice president.
dent of 2 per cent.
Frank Judson, secretary of the Illinois Bankers’
The Girard National Bank is one of the largest
and strongest banking institutions in Philadelphia. Association, has arranged a splendid lake trip for
Their capital is $2,000,000. surplus and net profits the Illinois bankers at the time of their state con
$2,744,000, and deposits $25,716,000. They are vention, The plan includes the chartering of the
particularly well equipped for handling Eastern ac steamer Manitou for a trip to Mackinac, with a
stop of several days there. Other side trips to places
counts of Western bankers.
of historic and scenic interest have been planned,
The Fort Dearborn National Bank of Chicago
making a cool and delightful outing.
has had the best year in its history during the last
R. W . Jones, Jr., president of the Oriental Bank
twelve months. Their deposits are now $6,687,000,
of
New York City, recently gave a noteworthy ad
on a capital of $500,000'. Their surplus is $100,000
and profits $63,000. E. A. Goddard is president dress before the Brooklyn Chapter of the American
Institute of Bank Clerks, on the subject, “ Results.”
and Clias. E. Farrell vice president.
Mr.
Jones complimented the institute upon the rapid
The New York National Exchange Bank is keep
strides
it had made and asserted that the American
ing up a steady growth. They now have deposits
Bankers’
Association was repaid daily by the more
of $7,206,309, capital $ 1,000,090, surplus $750,000
efficient
service
the members received from the
and profits of $141,000. President Pierson and
clerks.
Cashier Grant are well known to many bankers in
Conspicuous among the timely articles which The
the Northwest. They are hard workers and have
Living
A g e is furnishing its readers is “ The W ar
made a splendid bank.
and
the
Powers,” by that shrewd observer who
Joe Ingwersen has already begun his well-estab
writes
for
The Fortnightly Review over the signa
lished custom, of “ charging off” various items. He
ture
of
“
Calchas,”
which appears in the nr—
for
has thus reduced the furniture and fixture account,
the government bond account and has in addition April 2. Equally notable, in the number for April
paid off all of the bills payable account. The O'kla- 9, are “ The Slav and his Future,” by the distin
hamians may be sure of one bank that is always guished scholar, Emil Reich; “ The W ar in the Far
East,” by Prince Kropotkin, and “ Bushido, the Jap
better than its statement.
The Hamilton National Bank of Chicago is stead anese Ethical Code,” by Alfred Stead.
The attention of intending purchasers of bank
ily growing’ in favor and in volume of business.
Their deposits are now about one and three-quarter or office fixtures is called to the ad of the M. Winter
millions of dollars, which is very good for a year Lumber Co., elsewhere in this issue. This company
ling. J. H. Cameron, the vice president, is well is located at Sheboygan, Wis., which city is noted
known to many bankers throughout the Northwest, for cheese, chairs and children, and high-grade bank
as is also Cashier Henry Meyer.
and office fixtures, which latter are the product of
The directors of the Fort Dearborn National of the above named company’s large and up-to-date
Chicago have elected Nelson N. Lamnert second plant for producing this class of goods. This com
vice president. His former position as cashier was pany has an enviable reputation for the excellence
filled by the appointment of Henrv R. Kent, who of its designs, workmanship and finish as well as
was formerly assistant cashier of the National Bank fair treatment of its many patrons. For the con
of Illinois and the National Bank of North America, venience of the western trade they have established
General News and Notes.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
T H E N O R TH W ESTE R N B A N K E R .
April, 1904.
WM. H. B R IN TN A LL,
President.
25
THE DROVERS DEPOSIT NATIONAL BANK,
UNION STOCK YARDS, CHICAGO.
EDW ARD TILDEN,
Vice-President.
___________
WM. A. TILD E N ,
CAPITAL AND
Cashier.
T o B a n k s a n d B a n k ers H avin g- M ore o r L e s s L iv e S to c k B u s in e s s , th is
GEO. M. BENEDICT,
Ass’ t Cashier.
B a n k O ffers E x c e p t io n a l A d v a n t a g e s , a n d S o lic it s C o r r e s p o n d e n c e as to T e rm s
t
++•§•
a n d E a c ilitie s .
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*•
*
A ls o a c ts as R e s e r v e A g e n t fo r N a tio n a l B a n k s.
SURPLUS,
$750.000.00
*+’*••*•**+++*4"*"»*
-T H E -
THE
U N IO N S T O C K Y A R D S
^ N A T IO N A L BANK
First National Bank,
•-OF South Omaha, Nebraska,
Solicits the business of the banks and bankers oi Western Iowa.
Located at the stock yards, enabling its officers to give personal
attention to the live stock interests ot their coiresponaents.
I n t e r e s t P a id o n T im e D e p o s its . C o r r e s p o n d e n c e I n v it e d
J ohn A. C r e ig h t o n , President
T hos . B. M c P h e r s o n , Cashier
F. H. D a v is , Vice-President
J. C. F r e n c h , A ss’ t Cashier
a sales agncy at Portland, Oregon, which is being
carefully looked after by R. H. Birdsall, No. 42
Front St., who will at all times be pleased to* hear
from prospective purchasers of bank or office fix
tures and will be glad to call on them personally
when convenient.
!
W e are in receipt of a pamphlet containing an
interview on the Eastern war situation, given
by
George
F.
Seward,
president of
the
Fidelity and Casualty Company of New York
City, and printed in the Newark Evening News of
March 1st. Just at this time anything pertaining
to the Russian-Japanese war and the causes leading
to it is of particular interest to the American people.
The views of M'r. Seward have attracted wide atten
tion, not only because he has been a close student of
international diplomacy, but also- because he is one
of the very few Americans who are able to speak
from experience and personal observation.
He
served as United States Consul and Consul-General
at Shanghai for many years, and from 1876 to- 1880
as United States minister to China. In 1869 he
was appointed minister to; Corea, but, at his sugges
tion, the sending of a mission to that country was
deferred.
John C. McKeon, for several years vice president
of the Commercial National of Chicago, has gone
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
O F S IO U X C IT Y , IO W A .
CAPITAL, $200,000.00. SURPLUS AM) PROFITS,
$98,325.97. DEPOSITS, $1,342,841.62.
Accounts of Banks received on liberal terms. A large
list of par points in Iowa, Minnesota, Dakota, and
Nebraska. Collections carefully and promptly made.
JAMES F. TOY, P r e s id e n t .
A. GRONINGER, V ic e -P r e s id e n t .
C. N. LUKES, C a s h ie r .
J. F R E D TOY, A s s t . C a s h ie r .
to New Y ork as vice president of the National Park
Bank. He began his duties April 15th. Mr. Mc
Keon began his banking career as national bank
examiner. A t the time the National Bank of Illinois
suspended he was appointed receiver and made such
a conspicuous success that when James IT. Eckels
left the position of comptroller of the cm rency and
became president of the Commercial National of
Chicago he secured Mr. McKeon as vice president.
Mr. McKeon has held his present position for over
seven years. Joseph T. Talbert, the present cashier
of the Commercial National, has been elected, to fill
the vacancy caused by Mr. McKeoirs resignation.
Mr. Talbert was made a bank examiner by Mr.
Eckels when the latter was comptroller, and was
assigned to the Fort Worth, Texas, district, where
he had previously been a bank cashier. He was suc
cessively promoted to- Denver, Minneapolis and St.
Paul, and then to Chicago, where he became cashier
of the Commercial at the same time Mr. Eckels
became president and Mr. McKeon vice president.
$49.25 To California and Return.
V ia Chicago Great Western Railway. Tickets
on sale April 23rd to May 1st, inclusive. Good to
return until June 30th. For further information
apply to E. J. Sawyer, City Ticket Agent, 514 W al
nut: St., Des Moines, Iowa.
April, 1904.
TH E NORTHWESTERN BANKER.
26
G eo . H. R a t h m a n , President.
M e l v in E. B a u e r , Cashier.
F. L. E a t o n , Vice-President
J. H. O s b o r n e , Ass’ t Cashier
I. H. S E A R S , P r e s id e n t
L I V E STOCK
National Bank;
-------------------------------
LOCATED
AT
-
-
Surplus,
-
-
SAVE
T IM E
J.
H. H A S S , C a s h ie r
--------------------------------
S IO U X C IT Y S T O C K Y A R D S .
Capital,
I I. E . P E T E R S E N , V ic e -P r e s id e n t
$100,000.00
75,000.00
AND
MONEV
B Y S E N D IN G S T O C K Y A R D S B U S IN E S S D IR E C T .
--- T H E •
Scott County Savings Bank
D A V E N P O R T , IOWA.
Capital, Surplus and Undivided Profits,
$ 3 8 2 ,7 3 6 .6 9
Deposits,
Edward Tilden,
F. L. Eaton,
D IR E C TO R S:
Samuel McRoberts,
W m. Milchrist,
Geo. H. Rathman,
$ 3 ,2 4 1 ,7 3 0 .9 2
Wm. Magivny.
Melvin E. Bauer.
The First National Bank of Chelsea has Frank
Nowak, president, in place of D. O. Wilcox.
Every Iowa bank not now a member o f the State
The DeW itt Savings Bank declared a. semi-annual
Association should remit five dollars to the treasurer, dividend of 3 per cent at its April 1st meeting.
D . H . M c K e e , of M ediapolis, and “ get in .”
As a
R. G. Harvey is president of the First National
matter o f profit and loss in money you cant afford to Bank of Harvey, in place of Herman Rietveld.
stay out.
The Tripoli Savings Bank has been converted
into* the First National Bank. Capital, $25,000.
W. W . W alker is cashier of the Macksburg N a
There is talk of a bank at Amber.
tional Bank, Macksburg, in place of O. E. KlangaThe Bank of Rowan building will be rebuilt.
man.
The Treynor Savings Bank will erect a new build
Mr. Walker of Adair county succeeds O. Eing.
Klingman as cashier of the Macksburg National
A bank, capitalized at $10,000, will be established Bank.
at Hills.
The Des Moines National Bank has been approved
The First National Bank of Garner is a United as reserve agent for the National State Bank of Bur
States depository.
lington.
The Iowa State Bank of Leon has opened for bus
Jno. A. Storey is vice president of the First N a
iness. J. W . Harvey.
tional Bank of Greenfield, in place of Lewis LineThe Dilenbeck Banking Company of Perry will barger.
erect a new bank building.
After a short illness of pneumonia, D. B. Sanford
Walcott is to have another financial institution, of the Peoples National Bank of Independence died
the Farmers Savings Bank.
recently.
The First National Bank of Linn Grove now has
C.
M. Bradley is now vice president of the First
N. O. Monserud as cashier.
National Bank of Centreville, in place of A. T.
Grand River, Iowa.— The State Savings Bank Bradley.
and Valley Bank consolidated.
The farm loan business of the Corning State Sav
The Scott County Savings Bank paid a 5 per cent ings Bank has been purchased by the Darrow In
semi-annual dividend April 3rd.
vestment Co.
L. B. Smith has been elected cashier of the Con.esThe First National Bank, Boston, Mass., has been
ville Bank to succeed J. D. Buser.
chosen as reserve agent by the First National Bank
The Osage National Bank, Osage, now has Jos of Davenport.
eph M(. Brush, assistant cashier.
The First National Bank of Havelock has been .
organized.
Capital, $25,000. F. H. Helsell, J. P.
The First National Bank of Rock Rapids are li
Farmer
et
al.
censed to do business for another 20 years.
Iowa News and Notes.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Apri], 1904.
THE NORTHWESTERN BANKER.
O F F IC E R S
;
'
J. H.
M
il l a r d
,
^ ^ E S T A B L IS H E D
W m . W a l l a c e , Vice-President
C F. M c G h e w , Vice-President
C h a s . E. W a i t e , Cashier
F r a n k B o y d , Assistant Cashier
J. H. Millard
G uy C. Barton
C. H. Brown
N. W. Wells
C. F. M cGrew
A. J. Simpson
I. W . Carpenter
W. M. Burgess
Wm. Wallace
T he O maha
N a t io n a l
B ank
OMAHA, NEBRASKA
C A P IT A L ,
The First National Bank of What Cheer has se
cured an extension of their charter for 20 years.
W . W. Beal, Jr., is now cashier of the First Na
tional Bank of Dunkerton, in place of M. T. Blake.
The National Live Stock Bank, Chicago, has been
chosen as reserve agent by the First National Bank
of Grinnell.
Safe blowers robbed the office of McCoy & Tate
at Clio of a small amount of cash and $4,000 in
bankable notes.
The auditor of state has issued a charter to the
Farmers Savings Bank of Pioneer, which is capital
ized at $10,000.
The National Live Stock Bank, Chicago, has been
approved as reserve agent for the First National
Bank of Le Mars.
A dividend of 4 per cent, semi-annual, has recent
ly been declared upon the capital stock of the Ifibertyville Savings Bank.
The Valley National Bank of Des Moines has
been approved as reserve agent for the First Na
tional Bank of Colfax.
The First National Bank of Centerville has in
creased its circulation from $12,000 to $50,000 and
is now up to the limit.
The Merchants National Bank, Cedar Rapids,
has been approved as reserve agent for the First Na
tional Bank of Titonka.
The Commercial National Bank, Chicago, has
been chosen as reserve agent by the Commercial Na
tional Bank of Waterloo1.
A new bank has been organized by the business
men of Garrison and prominent farmers living in
the vicinity of that town.
The Drovers Deposit National Bank of Chicago
has been approved as reserve agent for the First
National Bank of Sioux City.
The Fort Dearborn National Bank, Chicago, has
been approved as reserve agent for the Des Moines
National Bank of Des Moines.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
l866 - £ ^
President
D IR E C T O R S
!
2;
-
-
$ 1 ,0 0 0 ,0 0 0 .0 0
Carl F. Kuehnle is president of the Manilla Na
tional Bank, Manilla, in place of D. W. Shaw; Chas.
Wenzel, vice president.
The First National Bank of Chariton has in- .
creased their surplus to $48,500— $1,500 more and
it will equal the capital stock.
Geo. J. Bolks is vice president of the First Na
tional Bank of Orange City, in place of A. Bolks;
no< cashier in place of Ed. De Mots.
The Farmers Savings Bank of Garner has just
put in a new nest of twenty-eight safety deposit
boxes for the use of their customers.
The Bank of Sully, with a capital of $5,000, has
undivided profits of $4,000 and deposits of $83,000,
a good showing for a small bank.
The Cedar Rapids National Bank of Cedar Rap
ids has been approved as reserve agent for the Com
mercial National Bank of Waterloo’.
The articles of incorportion of the Farmers Sav
ings Bank of Durant, Iowa, have been filed with the
secretary of state, with $25,000' capital.
G. H. Currier is president of the First National
Bank of Prescott, in place of J. C. Allen; J. C. A l
len, vice president, in place of H. C. Reese.
The Citizens Central National Bank of New
York has been chosen as reserve agent for the F ay
ette County National Bank of West Union.
The State Bank of Germania, Germania, which
has been in the hands of a receiver the past few
months, has declared a 25 per cent dividend.
The Frankels now of Des Moines have increased
the stock of their bank at Oskaloosa from $50,000
to' $60,000. The institution is very prosperous.
The Tingley State Savings Bank of Tingley,
Iowa, will incorporate as a savings bank under the
general incorporation laws of the state of Iowa.
J. F. Hutchison is to be the cashier of the new
Rockwell City Sayings Bank, and Walter Jacobs
of Lake City will take his place in the First Na
tional.
THE NORTHWESTERN BANKER.
SEC U R ITY ^iae“5? D1884
ÏSlTn!?^tIES N A T IO N A L B A N K
S IO U X C IT Y , IO W A
C apital,
S urplus and P ro fits ,
Deposits,
W.
P. M a n l e y , President.
T. A . Black,
-
e ig h t ,
C i t iz e n s
N ational
$250,000
111,409
2,079,804
C. L . W
U. S. DEPOSITORY.
Vice-Pres.
April, 1904.
B General Bank
ing Business j *
transacted, j*
Capital, $ 3 0 0 ,0 0 0
Surplus,
100,000
Officers:
B a n k *« «
¿Davenport, Iowa.
F. H. Griggs, Pres.
Jens L orenzen,
Vice-Pres.
Aug. A. Balluff,
Cashier.
F. C. Kroeger,
Asst. Cashier.
Cashier.
Howell Hise, who for years has been the cashier
of the Peoples State Bank of West Liberty, lias
moved to Colorado', whither he goes for his health.
The Johnston Bank at Harlan has increased its
capital to $25,000. The assets increased in propor
tion, and a land, loan and insurance department
added.
Charles Roggman has accepted the position as
cashier of the bank which will soon be established
in Gamavillo, and will resign his present place as
deputy clerk.
Wm. Mullinaux, cashier of ' the new Lineville
Bank, is g-etting pointers to aid in the erection of
the new building they propose to erect as soon as
spring opens.
John Ekeroth, cashier of the Commercial National
bank of Essex, died March 26, aged 41, from an
acute attack of Bright’s disease. He leaves a wife
and four children.
The Boone National Bank is making rapid strides
toward the front. Their deposits are now $140,000,
a gain of nearly $60,000. E. E. Hughes is presi
dent and A. J. Wilson cashier.
The Avoca bank has filed for record an amend
ment to its articles of incorporation, making the in
stitution a state instead of a private bank and chang
ing the name to Avoca State bank.
Charles Page, cashier of the Muscatine Savings
Bank, is dead at Dallas Texas, where he went a short
time ago' in search of health. He was a prominent
Muscatine business man for fifty years.
E L D O R A , la., March 29.— The private banking
firm of O. E. Miller & Son of New Providence has
failed. Proceedings in bankruptcy have been begun.
The cause1of the failure is not announced.
Tipton Advertiser: A t a meeting of the directors
of the City National Bank held recently, Paul Heald,
assistant cashier, was advanced to the position of
A new bank is being organized at Graettinger in cashier, which has been vacant for several weeks.
The people of Essex were greatly shocked by the
which a large number of business men and farmers
announcement
of the death of Mr. John F. Ekeroth,
are interested. J. B. Eambe will be the cashier of
cashier
of
the
Commercial National Bank of that
the new institution.
city.
He
was
recently
elected as cashier of the bank.
Frank Shumaker, Sioux City, of the firm of Shu
W
e
are
in
receipt
of
a beautiful specimen of the
maker Bros., has purchased an interest in a bank in
South Dakota and will remove to- that state within typographical art showing for the last statement of
the Cedar Rapids National Bank. A good statement
the next twoi weeks.
T IP T O N , March 24.— (Special.)— W . W . A l attractively displayed is sure to command attention.
The Farmers Bank of Pioneer was transferred
drich, aged 65, a prominent banker here, dropped
dead at Bristow, California, where he had been to the charge of the newly organized Farmers Sav
ings Bank at Pioneer March 26, and is now operat
spending the winter.
There is a gang of safe robbers at work in Iowa. ing with a new set of officers, D. R. Miles as cashier.
In our last issue we said the Peoples Bank of
They made an attempt to rob the Citizens National
Bank of Jesup April 14th, but were frightned away (Blockton had paid $25,000' in dividends the past
year. The bank says, “ This is too good to be true.”
by the night policeman.
Ambrose A. Horton, a former resident and banker Therefore, we correct it and make the amount 25
of Pomeroy, died at Britt, Iowa, recently. His per cent.
The bank examiners of the state will hereafter
death was caused by kidney trouble, from which he
had been a great sufferer.
receive a stated salary of $1,800 and expenses per
W e understand that there is to be a change at W . year in place of the fees which heretofore constituted
B. W hite’s bank. Joe Samuels of Riverton has pur the remuneration of these officials. There are four
chased the bank and will take charge about the first examiners in the state and the total fees will ap
proximate $12,000.
of April.— Sidney Herald.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Aprii 1904.
THE NORTHWESTERN BANKER.
2Q
C A PITA L» $1.000,000
The NORTHWESTERN NATIONAL BANK “
SURPLUS & PROFITS. $671,000
MINNEAPOLIS, MINNESOTA
O F F IC E R S
W m, H. D c n w o o d t , President
M. B. Koosr, Vice-President
E d w a r d W . D e c k e r , Vice-President
J o se p h C h a p m a n , J r ., Cashier
P r a n k E. H o l t o n , Ass’t t ashier
C h a s . W . P a r w e l l , Ass’ t cashier
S ta te m e n t M a rch
LIABILITIES
Loans and Discounts........................ $5,633,827.07
U. S. and Other B o n d s................... 1,070,906.75
Cash and Due from Banks.............. 2,518,586.25
Banking H o u s e , Furniture and
F ixtu res..........................................
204,283,31
C apital................................................$ 1,000,000. CO
Surplus and Profits.........................
670,927.36
Circulation ........................................
243,800.00
D ep osits............................................. 7,412.876 02
U. S. Bond A c c o u n t........................
100,000.00
$9, 427,603.38
$ 9, 427,603. 38
W e w o u ld r e s p e c t fu lly in v it e y o u r e x a m in a t io n o f tlie a b ove
S ta te m e n t . I f y o u c o n t e m p la t e m a k in g a ch a n g e in y o u r B a n k
in g C o n n e ctio n s , o r th in k o f o p e n in g a n e w a c c o u n t, w e
w o u ld b e p le a s e d to c o n fe r w it h y o u in p e r s o n o r b y le tte r
An Average o f Over 8% Annual Dividends Paid
to Stockholders Since Organization in 1872
Dividends Paid Since Organization, $2, 210,000
G u y C. B a r t o n , President
E. A. C u d a h y , V p e-President
| C. B. A n d e r s o n , Cashier
H. C. B o s t w ic k , Vice-Pres.
T r u m a n B e c k , Vice-Pres.
H. C. M i l l e r , Ass’ t Cashier
Cbe South Omaha Hat'l Bank
S0UTH ©MHHH, NEB.
CAPITAL,
$250,000
SURPLUS,
$250,000
PROFITS,
$75,500
o f Banks transacting business with the Stock Yards
HCCOUNTS
received on the most favorable terms. Interest allowed on
balances. Collections receive prom pt attention and funds
> disposed o f as requested without loss o f time.
j
j
j
Frank Epperson of Eddyville has gone to- St.
Louis to attend the National Bank of Commerce for
a month, in order to familiarize himself with the
methods of banking as conducted by the large city
banks.
The Bank of New London held a meeting recently
and the stockholders voted to change to a state bank.
Directors were elected and all the necessary papers
were made and acknowledged to1 file with the state
auditor.
The Farmers Savings Bank, Pioneer, Iowa, is
now under way, capital stock, $10,000. The incor
porators are A . W . Hawley, C. I. Wittman, Ira E.
Crowe, H. S. Van Alstine, L. H. Van Alstine and
D. R. Miles.
Burglars gained an entrance to the home of Julius
Burmeister, cashier of the Iowa National Bank of
Davenport, recently and secured considerable valu
able jewelry. »Mr. and Mbs. Burmeister were away
at the time.
The Bankers National Bank, Chicago, and the
National Live Stock Bank, Chicago, and the Merchants-Laclede National Bank, St. Louis, Mo., have
been chosen as reserve agents for the First National
Bank of Marshalltown.
The house bill giving savings banks in Iowa the
authority to invest their funds in loans outside of
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2 8 , 1904
RESOURCES
the state but within fifty miles of the borders of the
state failed to receive a constitutional majority in
the senate and was declared lost.
The bank of W. B. White at Sidney changed
hands April 11, as Mr. White has sold out to Joe
Samuels of Riverton. Mr. White has been in the
banking business in Sidney for thirteen years and
sells out on account of his poor health.
The furniture for Green’s new bank at Dow City
has arrived and been installed. It is first class in
every respect. The counter is composed of marble
and quarter sawed oak. A marble slab extends the
entire distance along the bottom of the counter.
Initiatory steps have been taken by the leading
stockholders of the Bank of Eineville looking for
ward to the organization of a national bank, calling
it the First National Bank of Eineville, Iowa, and
merging the present Bank of Eineville into the new
bank.
Harry Westergard was elected assistant cashier
of the First National Bank of Harlan at a recent
meeting of the board of directors. Mr. Westergard
has been in the employ of the bank four years and
is to be congratulated on this expression of confi
dence.
It is reported that the new bank at Madrid now
doing business under the name of Schooler & Son,'
will shortly he reorganized and merged into a sen. e
institution under a new name. The rumor also
states that the bank will either purchase a building
or build.
A t a recent meeting of the directors of the Mer
chants National Bank of Greene, C. W . Soesbe was
elected to’ fill the vacancy caused by the death of E.
W. Soesbe; J. B. Shepardson was elected president,
and Edwin Morrill vice-president for the remainder
of the year.
The State Savings Bank and the Valley Bank
of Grand River have been consolidated. The V al
ley bank building- was recently burned, and the bank
was conducted by Patrick Griffin and others. Hoyle
Gilreath was cashier. The officers of the State Sav-
THE NORTHWESTERN BANKER.
30
G erman S a y in g s B ank ,
DAVENPORT,
J E N S L O E E N Z E N , P re s .
IO W A .
C H A S . N . V O S S , V ic e -P r e s . a n d C ash ier.
A . A N D R E S E N , A s s ’t C a sh ier.
E D . K A U F M A N N , A s s ’t C ash ier.
April, 1904.
CASH CAPITAL
S T A T E M E N T JHN . 2 2 . 1 9 0 4 .
ASSETS.
Loans................................................................. $6,964,241.69
Cash and Exchange........................................
502,927.88
Real Estate and Personal P rop erty.................................. 30,290.73
Total Assets.......................
DIRECTORS.
F. G. CLAUSSEN,
JENS LORENZEN.
H. LISCHER
CHAS. N. VOSS.
H. O. SEIFFERT.
H. H. ANDRESEN.
T . A. MURPHY.
PAULO RODDEW IG.
F. H. GRIGGS.
mgs Bank are now A. E. Ackerly, president; J. C.
Brothers, cashier, and F. E. Brennaman, assistant
cashier. The consolidation makes a very strong
bank.,
A t the recent annual meeting of the stockholders
of the Prescott State Savings Bank the same officers
as heretofore were elected and the bank, under the
efficient management of Brad Newcomb, was able
to pass to the surplus an amount equal to the capital
stock of the bank.
W e are reliably informed that the People’s S av
ings bank of Pella will be opened in the near future
with a capital stock of $100,000. This capitaliza
tion ought to keep the wolf from the door in case
of a run. A t present we are unable to say who the
officers and directors will be.
An attempt was made recently to rob the Martinsburg bank. Burglars effected an entrance into the
vault by coming down through the roof of the vault.
A hole large enough for a
man was made.
For some unknown! cause the robbers gave up the
job before securing? any booty.
Newton, Iowa, April 12.— Judge Clements has
made an order in the matter of preferred claims
against the Bank of Colfax to the amount of $9,779.68, which the receiver is ordered to pay in full.
Claims of other creditors are disallowed so far as
being paid in full are concerned.
From Garnavillo comes the news of the organiza
tion of a bank there by Messrs. Brandt, Dettmer and
others of that village, and Thos. Ives and J. P. Ec
kert of Guttenherg, about two dozen stockholders all
told. W e are informed that they are after1 Charles
Roggman, Deputy clerk, for cashier.
The position of cashier at the Farmers & Me
chanics Savings Bank of Davenport, made vacant by
the resignation of J. B. Meyer, has been filled tempo
rarily by Felix Hirschl. This is only a temporary
arrangement, Mr. Hirschl agreeing to fill the posi
tion until a successor to Mr. Meyer is appointed.
The banks of Dubuque show an average reserve
held at 34.20 per cent, against 36.18 per cent on
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$ 5 0 0 ,0 0 0 .0 0
$7,497,460.30
LIA BILITIE S.
Deposits........................................................... $6,546,599.18
C apital.............................
500,000.00
200,000.00
Surplus.................................................
Undivided Profits..........................................
200,870.12
Bills P ayable................................................
50,000.00
Total Liabilities.................................. $7,497,460.30
January 22. Doans and discounts increased from
$2,057>72°
$2,115,184; gold coin from $169,490
to $189,722; lawful money reserve from $256,867
to $298,128; individual deposits decreased from
$1,927,784 to $1,732,968.
B. A. Plummer, president of the First National
Bank of Forest City, has received a receipt from the
comptroller of the currency for $37,500, which was
in payment for $37,500 of government bonds. They
have deposited this amount with the comptroller of
currency for the purpose of increasing the circula
tion of the First National Bank $37,500.
A receiver has been denied in the case of Bend
Barr et al against the Davenport National Bank.
The case has been argued before Judge House and
his finding is to the effect that the affairs of the in
stitution are being handled in a way most economi
cal and therefore would not appoint the desired re
ceiver. This practically ends the litigation.
Says the Prairie City News: Mr. J. K. Moller
has completed a deal whereby he sells to Thomas E.
Johns of Des Moines and Henry M. Wilson of Kes
wick his interest in the State Bank of Prairie City,
and also' his fine residence property. M|r. Moller
has been contemplating- this step for some time, we
understand, wishing to retire from business.
Col. John W . Hammond died April 11 from an
attack of apoplexy following illness from the grip.
Mr. Hammond was a well known banker of Oskaloosa, being the founder, principal owner ana cashier
of the Oskaloosa Savings Bank. Mr. Hammond
was colonel of the Sixty-fifth Indiana regiment dur
ing the Civil war and saw much hard service.
Iowa Falls is to' have a new National Bank, all
of the stock for a new institution with a capital of
$100,000 having been subscribed. The new in
stitution will be known as the Hawkeye National
Bank. The new bank will be opened as soon as a
suitable location can be secured. It is the intention
of the promoters to erect a fine bank building.
Ben O'. Tapper, assistant cashier of the Citizens
National Bank, Spencer, Iowa, has resigned and re-
THE NORTHWESTERN BANKER.
April, 1904.
■
31
C T w cr
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Safe which won the Competitive Bur
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Kentucky, on July 25th, to determine
the merits of Manganese Steel Safes.
Write for full particulars of the test.
The Victor Safe and LocK Co.
C IN C IN N A T I, O H IO .
Im proved
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Federal Reserve Bank of St. Louis
and
Pa t e n t e d .
THE NORTHWESTERN BANKER.
3 2
April, 1904.
TH E
Peoples Trust 4 Savings B ank
M ARCH
21,
Liabilities
of Clinton
1904
R esou rces
C a p ita l.................................................................. $ 300,000.00
Surplus ............... .................................................
140,000.00
Undivided P rofits................................... - ...........
52,728.65
Deposits-Sight, $1,042,421.35; Time,$2,986,807.61 4,029,228.96
L o a n s .............................................................. $ 3,600,422.51
C a sh ............................................$ 79,360.01
Due from Banks........................ 842.185.09
92 !, 545.10
T otal........................................ .................... $4,521,967.61
T otal....................................................... $4,521,967.61
Solicits profitable and conservative business and promises its customers liberal accommodations at all times.
G A R R E T T E . L A M B , P r e s id e n t.
C H A S . B . M IL L S , C a s h ie r .
CM A S . P . A L D E N , V ic e -P r e s id e n t.
W A R D W . C O O K , A s s t C a s h ie r .
TheNational BanR of Commerce
OE M IN N E A P O L IS, M IN N ESO T A
W i t h its C A P I T A L A N D S U R P L U S o f $ 1 , 2 0 0 , 0 0 0 . 0 0 ,
a n d A D E Q U A T E E Q U I P M E N T in E V E R T D E P A R T M E N T ,
w o u l d b e P le a se d to H a v e a S h a r e of Y o u r b a n K in g b u s in e s s
“ S A F E T Y ,”
“ P R O M P T N E S S ,”
S. A. H A R R IS , P r e s .
“ L IB E R A L IT Y ”
H. H. THAYER, Y i c e -P r e s .
moved to California, where he has been elected
cashier of the State Bank of Dunsmuir, in northern
California, a new bank organized April ist, by Hon.
E. V . Carter, cashier of the Bank of Ashland, Ore
gon, and associates. Authorized capital, $25,000.
The Treynor Savings Bank has bought a lot on
which to erect the new bank building. The build
ing, which is already planned, is to* be 20x40 feet
and will be equipped with modern furniture through
out. It is anticipated the present capital, which is
$15,000, will be doubled before the new building is
entered. The cashier of the bank is Thomas Elood.
The Farmers and Mechanics Savings Bank of
Davenport, has selected a new cashier in the person
of Julius C. Hasler, who his had sixteen years ex
perience in the banks of that city, and who at present
is teller of the Union Savings Bank. They have also
selected as director Henry Korn, head ot the Henry
Korn Baking Co., one of Davenpori’s successful
business men.
S P E N C E R , Iowa, April 8.— District court con
vened here last Monday for the April term, with
•Judge A . D. Bailie on the bench. The grand jury is
still in session. Receiver F. A. Schultz filed a re
port on the defunct Bank of Royal. The report
shows that creditors will probably receive about 70
per cent of their money when affairs are straighten
ed .out.
A suit was filed in the district court at Glenwood
by the First National Bank of Tabor against Myron
Munsinger for $20,000'. It is alleged by the bank
that something over a year ago’ Mr. Munsinger bor
rowed $25,000 of the bank, and to get the loan made
false representations as to the amount of his per
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Federal Reserve Bank of St. Louis
AND
A. A . CRANE, C a s h i e r
“ C O U R T E SY ” A R E OUR
W .S. HARRIS, A ss’ t C a s h i e r
W ATCHW ORDS
G .E . W ILLIAMSON, A ss ’ t C a s h i e r
sonal property. He has since paid $5,000 of the
loan.
Mr. and Mrs. C. B. Mills of Clinton entertained
six of the visiting bankers at dinner after the bank
ers meeting recently held in that city. The guests
were Homer A. Miller of Des Moines, Henry M.
Carpenter of Monticello, R. T. Forbes of Cedar
Rapids, M. W. Ingwersen of Fulton, Ralph Van
Vechten of Cedar Rapids and George F. Orde of
Chicago.
Fire, believed to have been caused by the explo
sion of, a lamp in the bank at Grimes, burned the
bank and B. S. Prunty’s hardware store. The build
ing was totally destroyed and only a small part of
the contents were saved. The records and cash in
the bank were saved. Twenty dollar's in change was
burned. There was $600 in the bank at the close of
business.
Charging that in his courtship Matthew Thomas
Chapman conspired to get possession of her income
of $1,000 a month and property worth $15,000,
Mrs. Helen Chapman of Aurora has started suit
for an injunction against her husband. They were
married four years ago. Mrs. Chapman was the
widow of William Leet, a wealthy banker of Audu
bon, Iowa.
The Holstein Savings Bank of Holstein has
made a rapid gain since the McCutheon failure.
Their deposits having increased about $50,000 dur
ing the last three months. The bank has at present
a cash reserve of about $100,000. They have plenty
of money to supply every need. Some stock for
merly owned in another town was recently bought
April, 1904.
THE NORTHWESTERN BANKER.
SEGURITY
33
S ta te m e n t o f th e C o n d itio n o f
<Xbe debar IRapibs IRational Bank of flowa
C o m p tr o lle r ’ s C all, M a r ch 2 8 , 1 9 0 4 .
SAYINGS
BANK
Cedar Rapids
C apital and S u rp lu s ,$ 150,000.00
Deposits,
1,301,644.97
Does no Commercial Banking:, but offers for Iowa business the services
of a careful, competent and exclusive Savings Bank, paying interest on
deposits at the rate of
4
Per
Cent
c . F. VAN V E C H T E N , P re s id e n t
E- M * S C O T T , C a s h ie r
RESOU RCES:
Loans and D iscoun ts...................................................................... 1,300,335.62
Overdrafts........................................ ..................................... .........
1,600.81
U. S. Bonds, par, .$187,500.00; Other Bonds, par, $330,876.00. 518,376,00
Real E sta te ..............- ......................................................................
33,050.00
Due from U. S. T rea su rer................................................ ..........
5,000.00
Due from Banks..............................................................................
613,572.67
Cash ........................................................................ .........................
198,516,07
i 2,670,451.07
L IA B IL IT IE S :
C apital............................................................................................. $ 100,000.00
Surplus, $100,000.00. Undivided Profits, net, $6,199.54............
106,199.54
Reserved for Taxes and Discount...................
8,000.00
Deposits—Individual, $796,353.31; Banks, $1,491,898.22 ......... 2,288,251.53
United States Deposits...................................................................
68,000.00
Circulating N otes...............................................................
100,000.00
$ 2,670,451.07
S p e cia l A t t e n t io n to I o w a C o lle c tio n s a n d B a n k e rs ’ A c c o u n t s
by local business men at 333 1-3 per cent. A pretty
Announcement has been made of the selection of
good evidence of the strength and stability of the Gue A. Nelson as paying teller of the Iowa National
bank.
Bank of Des Moines. Mr. Nelson is now in Okla
The Larrabee Saving's Bank has installed a new homa, but is expected here within a few days, when
steel mob and burglar proof safe in the bank. The he will take up his new duties. Mr. Nelson will
bank will not put this safe in the vault, but will let virtually succeed Leland Windsor, who1 resigned a
it stand in plain sight in the front window, as it is short time ago as assistant cashier. He was form
now located. In installing this improved safe, Mr. erly connected with the Des Moines Savings Bank.
Gray shows that he is looking out for the money
Abstract of the condition of the national banks of
entrusted to his care and is using the most improved Cedar Rapids at the close of business March 28, as
ways for its safety.
reported to the comptroller of the currency shows
P. M. Joice has purchased the Citizens Bank of an average reserve held at 27.87 per cent, against
Kiester, Minn., from Maben Bros. It will be re 24.70 per cent on January 22. Loans and discounts
membered that their building burned recently, and increased from $2,515,681 to $2,729,498; gold coin
rumor had it they were going to put up a brick build from $91,752 to1 $92,650; lawful money reserve
ing for their hanking and real estate business. Mr. from $388,507 to $417,762; individual deposits
from $1,335,911 to $1,559,984.
Joice, for the State Bank of Kiester, purchased theii
hanking business and the State Bank will now
The court has given G. G. Gill, assistant cashier
change to a First National.
of the Bank of Colfax, instructions to establish the
The Boone National Bank of Boone has secured fact that the bank has been insolvent since January
a new location and will move into the Jordan build 1, 1903, and to submit to the court a compilation of
ing on a prominent corner. Ever since the new bank each day’s business during the year prior to the time
was organized the officers have been anxious to se of the suicide of Geo-. D. Wood. T o date less than
cure a corner building. The Jordan building was $70,000 has been collected by the receiver, includ
formerly occupied by the McFarland Bank and is ing amount received from the sale of the banking
well located, and the interior arrangement was de property and the cash on hand December 3.
signed especially for a bank.
The abstract of the condition of the national banks
Leland Windsor, for the past three years cashier of Des Moines at the close of business on March 28,
of the Iowa National Bank, has severed his connec as reported to1the1comptroller of the currency shows
tion with the institution to engage in the manufac the averag'e reserve fund held at 24.67 per cent,
ture of soap with his father, J. R. Windsor, and his against 29.38 per cent on January 22; loans and
brother. Mr. Windsor has contemplated leaving the discounts increased from $4,875,573 to $s,012,338;
bank for some time past. Plans for the new soap gold coin decreased from $193,421 to $161,099;
factory are not yet complete. Mr. Windsor took the lawful money reserve increased from $677,304 to
position as cashier in January, 1901.
$763,826; individual deposits from $2,841,388 to
“ Jimmy” West, self-confessed robber of the F u $2,882,018.
ton Bank on the night of January 1, 1904, has been
R. E. Moseley has decided to suspend operation?
sentenced to four years at hard labor in the Ana- of the Peoples Bank of Lake City, which he started
mosa penitentiary. He pleaded guilty to burglary over a year ago. The bank has enjoyed a very sat
rather than stand a 'trial and the comity attorney isfactory business, but on account of his health Mr.
compromised on four years. West has made a con Moseley thinks it best for him to quit active business
fession of the robbery, implicating two other men. life and is settling up the business as rapidly as pos
One is Paul Roberts, now in jail at Marion, Iowa.
sible. Walter Jacobs, the cashier, has accepted a
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
April, 1904.
THE NORTHWESTERN BANKER.
34
Merchants
A PROGRESSIVE
JO H N T . H A M IL T O N , Pres.
P. C. F R IC K , V ic e -P re s .
C H A S . E. P U T N A M , C a s h ie r.
N ational
Bank C e d a r R a p id s
COMMERCIAL
BANK
JA S . E. H A M IL T O N , Ass t C a s h .
o f
R E S O U R C E S , $ 1 ,6 0 0 ,0 0 0 .0 0 .
FORT DODGE MEG. CO.
FORT
DODGE, I OWA
Bank, Store and Office Fixtures
Interior Finish for Sank Buildings
TILE FLOOR AND
METAL CEILINGS
position as assistant cashier in the First National
Bank at Rockwell City, which duties he will enter
upon the 15 th inst.
The Bank of Sioux Rapids has been organized
into the First National Bank of Sioux Rapids. The
paid up capital of the National is $50,000, the offi
cers being the same as in the former organization.
The Bank of Sioux Rapids was organized twentytwo years ago and since then the business has in
creased to large proportions, the owners having as
sociations with nine other banks in that territory.
The First National will enter business as soon as the
transfer can be effected.
The First National Bank of Coin, Iowa, will he
the new name of Read’s Bank of Coin. The appli
cation has been filed with the comptroller. Thos. H.
Read and Elbert A. Read of Shenandoah, who are
the owners of Read’s Bank of Coin, will have the
controlling interest in the new enterprise and J. F.
Schick will be the cashier. This is a good move
on the part of the Reads. The failure of the other
bank there, which left theirs as the only bank, made
them decide to carry out their plan at once.
The Clarence Sun has compiled a statement which
makes a comparison of the loans and deposits in the
banks of Cedar county, which make a public report,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Iowa
CONDUCTED ALONG
CONSERVATIVE & MODERN
LINES
with the figures of a year ago. Its reports show
that the loans have decreased during the year $28,585.14, and that the deposits have decreased during
the corresponding period $220,663.96, and it won
ders what has become of the $191,000. It reasons
that had loans been taken by individuals drawing
money from the banks, that the1 bank loans would
have come down in the same proportion.
An important change has taken place in the To
ledo Savings Bank, due to the retirement from the
directorate of that solid financial institution of W.
C. Walters, who has sold his stock in the bank to F.
H. Armstrong, a member of the wholesale grocery
firm of Reid, Murdock & Co. of Chicago, and a
wealthy capitalist. Mr. Walters has been a share
holder, director and officer of the bank for twentythree years, and has had much to do in placing it
among the strong banks of the county. He will de
vote his entire time hereafter to the electric street
railway.
The auditor of state is in receipts of information
to the effect that the failed savings bank of Si
gourney where the cashier had placed forged paper
and falsified the books to cover his stealings, will
pay all creditors in full and that without any assess
ment upon the stockholders. It was found that there
would not be a shrinkage of over $2,000 in the
paper held by the bank outside of that which related
to- the personal transactions of the cashier. The new
bank to be reorganized and take the place of the
one thrown into the hands of a receiver will soon
be engaged in doing business.
The building of the First National Bank of Doon
was destroyed by fire April 12. The bank resumed
business at the regular hour the next morning in a
new location, even before the fire was entirely ex
tinguished. The books, papers and cash of the bank
were all in the vault, perfectly safe. The bank, by
its statement of March 28th, had about $100,000
assets. Its capital is $25,000. O. P. Miller of Rock
Rapids is president, C. R. McDowell cashier, and
Henry Kenyon assistant cashier.- The directors
April, 1904.
THE NORTHWESTERN BANKER.
43
The Fidelity & (Casualty Company,
9 7 to 103 C edar S t . , N ew Y o rk City
A s s e t s .................................................................................................................... $ 5 , 9 0 0 , 8 6 1.56
N e t S u r p l u s .................................................................................................-
1 ,2 3 0 ,5 6 7 .7 6
L o s s e s Paid t o D e c e m b e r 31, 1 9 0 3 ............................
17,608,1 3 0 . 7 2
CASUALTY INSURANCE SPECIALTIES.
F i d e l i t y —Bonds of Suretyship for persons in positions of trus*.
C a s u a l t y — Personal Accident and Health, Liability, Burglary, Plate Glass, Steam Boiler, Eleva
tor and Flywheel.
O F F IC E R S .
G E O R G E F . S E W A R D , P re s id e n t.
H E N R Y C R O S S L E Y , A s s ’t S e c ’y.
R O B E R T J. H E L L A S , V . P re s ., S e c ’y.
F R A N K E . L A W , 2 d A s s ’t S e c ’y.
E D W A R D C. L U N T , 3 d A s s ’t S e c ’y
D IR E C T O R S .
Wallace P.Dixon, Dixon & Holmes ; A lfred M. Hoyt, Banker ; Aurelius B.Hull, Retired. Merchant ; Geo. E. Ide, Pres. Home L ife Ins. Co. ;
William G. Low, Counsellor-at-Law; John G. McCullough, Erie Railroad Co. ; W illiam J. Matheson, M erchant; Henry E. Pierrepont,
R etired; Anton A. Raven, Atlantic Mutual Ins. Co. ; John L. Riker, of J. L. & D. S. R iker; W. Emlen Roosevelt, Banker; Geo. G. W il
liams, Pres. Chemical Nat’ 1 Bank; A le x a n d e rs. Orr, Retired Merchant ; George F. Seward, President.
deposit, and the bondsmen are asked to make the
amount good. V . Roush and Fred McCutcheon are
administrators of the estate. The bondsmen all re
side in Ida’ county except H. G. Kranz, who is of
Sio” x City.
W . E, Brown, the Storm Rake banker under in
dictment for alleged irregularities, has put up an ap
pearance bond, based on two indictments. The
surety for Brown is his brother-in-law, F. E. W at
kins of Hawarden. The specific charges contained
in the indictments have not yet been made public,
though known to be founded on the conduct of
Brown in connection with the Linn Grove and Sioux
Rapids banks. It has been learned that the First Na
tional Bank of Storm Lake holds about $70,000
worth of MV. Brown’s personal notes from which
practically nothing will be realized. In the name of
his bank at Sioux Rapids Brown is also understood
to have overdrawn the Linn Grove bank to the
amount of $31,000. This money went into northern
land speculation, which ended in disaster. It is un
derstood that the federal grand jury will be asked
to investigate certain matters in connection with the
national bank when it convenes in May. The lia
bilities of the Storm Lake bank are said to be over
$500,000.
The Citizens Bank of Guthrie Center have re
moved to their new building. The large business
comprised in the above institution has been the re
sult of a steady growth. It was originally founded
by Jno. W . Foster about twenty-five years ago, who
began his career as a lawyer in Guthrie Center. As
an outgrowth of the farm loan business in 1895 he
established the Citizens Investment Bank, the name
of which hns been changed to the Citizens Bank.
Afterwards he was instrumental, in organizing the
'jjYale Savings Bank, in which he is a chief officer
; and stockholder He was also one of the organizers
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Federal Reserve Bank of St. Louis
of the First National Bank of Bagley, in which he
is now a director, and he owns a controlling inter
est in the First National Bank of Stuart, of which
he is president. The new offices are among the most
commodious and best equipped banking rooms in
western Iowa. The Citizens Bank’s officers are:
Jno. W . Foster, president ; T. J. Foster, vice presi
dent; O. D. Williams, cashier; Fred R. Jones, as
sistant cashier.
The Exchange Bank of Dow City and the E x
change Bank of Buck Grove both closed their doors
April 6, and N. Wilder was appointed temporary
receiver for the two concerns. For six months it
has been known that the affairs of the two* banks
were in bad shape and that a failure was likely to
come at any time, so the closing of the two institu
tions does not come as a very great surprise. H. S.
Greene, the proprietor of the two banks, stated that
his liabilities are approximately $500,000, and that
lie has more than enough property to make good all
claims. It is said that speculation in western cattle
is the cause of the'failure. Mr. Greene at the pres
ent time has 7,500 head of cattle being fed in west
ern Nebraska and eastern Colorado. Mr. Greene
has always been considered one of the shrewd bus
iness men of Crawford county. He came there about
twenty years ago, and with limited capital opened up
the bank which failed. His dealings have always
been considered fair. He stated that every cent he
had in the worldshould gO' to square up the matter.
Mrs. Green also1 stated that whatever of property,
jewels or other valuables she had should be consid
ered an asset. The town is not to be without a bank
as a result of the failure, for the First National Bank
of Denison at once opened up there and will conduct
a general banking business for the present. It is
rumored that other parties are considering the feasi
bility of opening also.
THE NORTHWESTERN BANKER.
44
J. B. Meyer has resigned as cashier of the Farm
ers and Mechanics Savings Bank of Davenport. His
resignation was brought about by some irregular
transactions to the amount of about $8,000. The
bank, however, will not lose a cent even of this small
amount, as it is protected by the property of Mr.
Mleyer, by a surety company and by the paper itself.
The Farmers and Merchants Savings Bank is one
of the most conservatively managed banking institu
tions in the state, its loans being- passed upon by
the several officers and by the board of directors. It
has never lost a dollar on a mortgage investment.
The method apparently used by Mr. Meyer was as
follows : Friends of his would apply for loans that
if brought to the attention of Heinz & Fisher and
the directors of the bank, as was the rule, would
have been turned down as risky. These friends of
Mr. Meyer would make a note and Mr. Meyer would
endorse it with his name as cashier of the Farmers
and Mechanics Savings Bank. Then, as it is sup
posed, the persons making the notes would discount
them at other banks where they would be taken on
the strength of the endorsement of the cashier of
the Farmers and Mechanics Savings Bank. The
officers of the bank had State Bank Examiner Mc
Kee go over the affairs of the bank, but no further
irregularities were found and the bank was pro
nounced in splendid condition.
Burroughs A dding Machines Sold in Iowa, March, 1904:
Citizens State Bank, Newton, Iowa.
National Bank of Sidney, Sidney.
Savings Bank of Salem, Salem.
Farmers Savings Bank, Williamsburg.
Farmers Savings Bank, Kalona.
Anamosa National Bank, Anamosa.
Eamont Savings Bank, Lamont.
German Trust & Savings Bank, Dubuque.
First National Bank, Newton.
Cedar Falls National Bank, Cedar Falls.
Lowden Savings Bank, Lowden.
Woodbury County Savings Bank, Sioux City.
April, 1904.
7 .-40 p. m. and 8 a. m. “ The Minneapolis and St.
Paul Limited” has through Vestibuled, Gas-Light
ed Pullman Sleepers and First-Class Coaches. Cal!
on GEO- R. K L IN E , City Ticket Agent.
Lowest Rates.
Ever made to the South and Southwest via Chi
cago Great Western Railway. One way or round
trip tickets on sale March 1st and 15th; April 5th
and 19th. For information apply to E. J. Sawyer,
City Ticket Agent, 514 Walnut Street, Des Moines,
Iowa.— 5
Practical Banking.
“ The Methods and Machinery of Practical Banking,’5 by
Claudius B. Patten, for many years cashier of the State
National Bank of Boston. The seventh edition of this
remarkable book is now on sale, and the most prominent
bankers of the country say this is the best book publish
ed on practical, every-day banking, and that it ought to
be in the hands of everybody learning or desiring to be
more proficient in the banking business. Many of the
larger banks have given each of their clerks a copy. As
high as thirty copies have been bought by one bank for
this purpose, and many others have purchased from fifteen
to twenty copies. It is not a book of theories of what
the banking business ought to be, but what it is under
present conditions. Bank officers of many years’ exper
ience commend it, as well as those just learning the bank
ing business. It is an excellent work, and one that should
be read by every banker, whether he has had years of ex
perience or is simply commencing. We will take pleasure
in having the book forwarded to those desiring it on re
ceipt of $5.00, the publisher’s price."—The Northwestern
Banker, Des Moines, Iowa.
IN TEREST TABLES EOR BANKS.
We have received a copy o f the Baker-Vawter Interest
Tables fo r Banks. The tables compiled by this firm are
conveniently arranged and absolutely reliable.
They
show at a glance the interest on amounts from $1 to
$10,000—one day to five years—2 per cent up. There are
60,000 computations whose accuracy
is vouched or.
Bound in cloth, 128 pages, sells regularly for $1.50, but
the publishers have made a special price to banks of
75 cents. The Baker-Vawter Company, Chicago, or Atch
ison, Kan.
Homeseekers’ Excursions.
One Fare Plus $2.00 Round Trip Rate
Great W estern Railway.
via
Chicago
To points in New Mexico, Texas, Oklahoma, Mis
souri, Kansas, Nebraska, Mississippi and Louisi
ana.
Ample return limits.
Tickets on sale Jan.
5th and 19th; Feb. 2nd and 16th; M'arch 1st and
15th; April 5th and 19th. For furher information
apply to E. J. S A W Y E R , City Ticket Agent, 51.4
Walnut St., Des Moines, la.
One fane plus $2.00 round trip rate via Chicago
Great Western Railway to points in the following
states Idaho, Montana, Oregon, Washington, Brit
ish Columbia, Manitoba and Saskatchewan. Tick
ets on sale March 15th and April 5th and 19th.
For further information apply to E. J. Sawyer, City
Ticket Agent, 514 Walnut St., Des Moines, Iowa.
B A N K S
To Minneapolis and St. Paul
The direct line between
is the Minneapolis & St.
Des Moines at 7 155 a. m.
neapolis 7 :oo p. m. and
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Federal Reserve Bank of St. Louis
Des Moines and St. Paul
Louis Railroad. T ?'■ >e
and 9 p. m., arrive Min
7125 a. m .; St. Paul at
Send at once for our book of Modern
Countrv Bank Buildings, costing $3,000
to $25,000
Price, $1.00
M o d e r n H o m e s , 150 pages; paper,
$1.00; cloth, $1.25.
O M E Y E R <St TH O R I, A r c h i t e c t s
S T . P A U L , M IN N E S O T A .
April, 1904.
THE NORTHWESTERN BANKER.
S O U T H E R N LA N D S
For General Farming, Live Stock
Raising, Fruit, Truck and Poultry
Raising along the
Southern Railway
and
Short Line to the Twin Cities
“ Straight as the crow flies” is the route o f the
Minneapolis & St. Louis Railroad from Des Moines
to the Twin Cities. Two trains daily each way.
Shortest time and everything o f the best. Call on
Geo. R. Kline, City Ticket Agent.
Mobile & Ohio Railroad
In the States of Virginia, North
Carolina, South Carolina, Georgia,
Alabama, Mississippi, Kentucky^
and Tennessee and Southern In-'
diana aod illinois.
Good Markets, Productive Soil, Pure Water
Valuable Timber, Health Resort Region,
A Land of Homes, Schools and Churches.
Fine old-time Plantations, Farm
Lands, Wild Lands, all sizes, at
bargain prices. Good land from
$3.00 to $15 00 per acre. Interest
ing literature sent free on appli
cation to
M. V. RICHARDS,
Land and Industrial Agent,
W a s h i n g t o n , D. C .
CHAS. S. CHASE,
Agent band and ind. Dep’t,
Chemical Building,
S t . L o u ts ,
mo.
T. B. THACKSTON,
Trav. A g ’t Land and Ind. Dep’t,
225 Dearborn Street,
Ch i c a g o , I u l .
Low Rates to California.
Commencing March ist and continuing daily un
til April 30th, the Minneapolis & St. Louis R. R.
will place on sale special one way colonist excursion
tickets to San Francisco, Los Angeles, etc., at a
reduction of $15.00. Only $32.90 from Twin
Cities; $31.60 from Waterville; $31.35 from W a
seca; $31.05 from Albert Lea; $32.90 Watertown
and correspondingly low rates from other points.
T w o Pullman Tourist Cars are operated through
to the cost each week; on Wednesdays via Kansas
City and the popular Santa Fe System through New
Mexico and A rizona; and on Thursdays via Omaha,
Denver, “ Scenic Route” through Colorado, Ogden
and Southern Pacific. Rate for double lower berth
thrbugh is $6.75.
For full information as to rates and berth reser
vations, apply to agents, or address A. B. Cutts, G.
P. & T. A., Minneapolis, Minn.— 5
Business Opportunities for All.
Locations in Iowa, Illinois, Minnesota and Missouri on the Chicago Great Western Railway; the
very best agricultural section of the United States,
where farmers are prosperous and business men suc
cessful. We have a demand for competent men with
the necessary capital for all branches of business,
millers.
Good location for general merchandise.
Some special opportunities for creamery men and
hardware, harness, hotels, banks and stock buyers.
Correspondence solicited. Write for maps and Maple
leaflets. W. J. Reed, Industrial Agent, 6 0 4 Endicott
Building, St. Paul, Minn.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Locations for Business.
If you are seeking a location for any mercantile
business, for the practice of a profession, or for the
manufacture of any article, first communicate with
the undersigned, who will inform you in regard to
opportunities on the line of the Chicago Great W est
ern Railway Co., the most progressive railway
traversing the most fertile section of the United
States. Maps and Maple Leaflets mailed and more
specific information given as requested.
W . T.
R E A D , Industrial Agent, 604 Endicott Bldg., St.
Paul, Minn.
Western W ashington.
with its vast bodies of timber, affords ample oppor
tunity for the establishment of lumber and shingle
mills.
The soil is exceedingly productive, and
fruit, grain and vegetables grow in great abundance.
These find a ready market in the lumber camps, the
larger cities and the Alaska trade.
Government
timber land can still be secured, while cut-over
lands, suitable for dairying and truck gardening,
can be purchased at reasonable prices along the Nor
thern Pacific Ry. between Seattle and Sumas.
W rite Mr. C. W . Mott, General Emigration Agent,
St. Paul, Minn., for maps and full information re
garding this and other regions, along the Northern
Pacific.
Mr. E. D. Rockwell, District Passenger Agent,
318-19 Citizens’ Bank Building, Des Moines, la.,
will be glad to call on you on receipt of postal card
and give you full information regarding rates, tick
ets, through car and train service arrangements, etc.
C H A S . S. F E E ,
Gen’l Pass’r Agent,
St. Paul, Minn.
Homeseekers’ and Settlers’ Rates to the Sunny South.
On the first and third Tuesday of each month to,
and including, April, 1904. W rite Jno. M. Beall.
A. G. P. A., Mobile & Ohio1 R. R., St. Louis, Mo.,
stating to what point you wish rates.
$2.00 More Than H alf Fare via C., G. W . R ’y.
To points in Arkansas, Colorado, Kansas, Louisi
ana, Missouri, New Mexico, Oklahoma and Texas.
Tickets on-sale Jan. 5th and 19th; Feb. 2nd and
16 th ; March ist and 15th; April 5th and 19th.
For further particular apply to K. J. S A W Y E R ,
City Ticket Agent, 514 Walnut St., Des Moines.
T H E N O R T H W E STE R N
46
BANKER.
April, 1904.
| FOR SALE! |—---------------------------------------------——
(
The Banking House, Furniture and Fixtures of the First
National Bank of Storm Lake, Iowa.
One large well-equipped Elevator, in Storm Lake, Iowa.
160 acres of Land, in Brule County, South Dakota.
1 90 acres of Land, in Faulk County, South Dakota.
A ll of the above property must be sold soon for cash.
Address A. J. WILSON,
Receiver fir s t National Bank, Storm Lake, Iowa.
the: bankers
exchange .
[Reading locals in this column will be printed at a cost of 50c. a line
for first insertion: 25c. a line for subsequent insertions.]
W a n t e d .— Position in bank, have had ten years
experience in Country Banking, and four years in
Farm Loan, Real Estate and Insurance business,
Speak German. Can furnish best of reference.
Address S. F. L., care Northwestern Banker.
F or S a l e — Large fire proof bank safe, with time
lock, burglar chest in good shape.
Arion, Iowa.
Bank of Arion,
W a n t e d — Small burglar proof safe or chest.
Give full description and price. State Bank, Hartland, Minn.______________________________
W a n t e d .— A competent man of about thirty years
of age to take charge of a National Bank in a
small town in Northwest Iowa. Address “ S. S.;”
care Northwestern Banker.
W a n t e d . — Position by young
man in a bank.
Have had some experience. W ill furnish refer
ences. Address Box t i . Hawthorne, Iowa.
W a n t e d . — Position by young man who has had
2p2 years of country banking experience, and
several years active business experience. Now em
ployed as assistant cashier in bank in South Dakota.
References furnished. Address, “ S. D. Assistant,”
care Northwestern Banker.
F or S a l e — Large size Hall’s fire proof Safe with
Steel Chest. Safe is 55 inches high, 34 inches
wide and 33 inches deep. ITas double outside and
inside doors. W ill sell reasonably. Address J. B.
Playter, Bristow, Butler County, Iowa.
W a n te d — Position as assistant cashier of a country
bank, by young man 23 years old. Competent,
good character, speak Swedish. Best of references
furnished. Address A. T. Carlson, care this journal.
W a n t e d — Second-hand bank counters.
Address,
L. W . W ., care this journal.
WANTED—Position by young lady stenographer. Five
years’ banking experience. Best references. Address
“ K,” care of Northwestern Banker.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
WANTED. — A young wants position in a bank as
bookkeeper and stenographer, where he will have
an opportunity to learn the banking business. Will
accept small salary. Address A. B., care this journal.
W a n t e d . — Position as assistant cashier in country
bank by well educated Christian young man. J'horoughgoing hustler. Address M. C. D., care this
journal.
W A N T E D .— Position in bank by young man.
Have had two years’ experience in a national
and two> years’ training in a county auditor’s
office. Best references furnished. Address “ B. E.
S.,” care of this journal.
W A N T E D .— Young man with four years’ experi
ence wants position. Best of references. A d
dress “ A . J. E .” this journal.
A young man with experience as cashier in small
country bank wants position in larger town. Can
take a considerable block of stock if satisfactory ar
rangements can be made. Address “ B. F .” care
this journal.
; !
W a n t e d — Cashier with 3,000 to $4,000 to invest in
good paying bank in the state of South Dakota;
party who can speak German and understands mak
ing cattle loans preferred. Address, “ H. G. B,,”
care of this journal.
F or S a l e — Controlling interest in good paying
country bank in South Dakota. W ill take $30,000
to handle it. Address M. B. B., care Northwestern
Banker.
W a n t e d — Party desiring to purchase small South
Dakota bank, established one year in good stock
country, address “ G. F .,” care this journal.
W a n t e d — Bank position and small amount of stock.
Young man, grew up in an Iowa bank, nine years
country banking and farm loan experience, desires
position as cashier, assistant cashier or book-keeper
(with opportunity to advance) in prosperous coun
try bank. Active and energetic, know how to get
business.
Accurate book-keeper, also competent
stenographer; now hold good paying position, but
desire to’ start out for myself. Strongest recom-
April, 1904.
THE NORTHWESTERN BANKER.
mendation from present and former employers.
Can take some capital stock when satisfactory to
both parties. Opportunities first consideration; sal
ary, second. Investigate my history, ability and
reliability, then give me a trial. Location west of
the Mississippi. Address F. R. A., care Northwest
ern Banker.
Rock Island System.
The Official Route From Omaha for tne Iowa
Knights Templar to San Francisco.
The Iowa Knights Templar selected the Rock Is
land System, in connection with the D. & R. G. and
Southern Pacific, as its official route, Omaha to San
Francisco.
Special sleepers will be started from all principal
cities in Iowa and brought into Omaha over the
different lines, where they will be consolidated into
special trains, which will leave Omaha 4:55 p. m.
August 30th. They will arrive at Colorado Springs
9 :oo a. rn. August 31, where first stop will be made.
Side trips will be made to' Manitou, Pike’s Peak,
Garden of the Gods and Cripple Creek.
They will leave Colorado Springs 3 :oo a. m. Sep
tember 1st, so as to arrive at the Royal Gorge about
6 a. m., and short stops will be made at Glen wood
Springs, and they will arrive at Salt Lake City 6 :oo
a. m. September 2nd. The whole day and night will
be spent at this interesting place, and the Grand
Choir has arranged a special musicale for the Iowa
Knights, at the Mormon Tabernacle.
W ill leave Salt Lake q :o o a. m. September 3rd,
passing over the Sierra Nevada mountains by day
light, arriving San Francisco 5 :oo p. m. September
4 th.
The Knights Templar desire to have it under
stood that their friends, and all others who may de
sire to take the trip with them, are cordially invited
to do so.
Settler’s Rates.
To points in Minnesota, North Dakota, Mani
toba, Ontario. Saskatchewan and Assiniboia.
Tickets on sale by the Chicago Great Western
Railway every Tuesday in March and April. For
further information apply to E. J. Sawyer, City
Ticket Agent, 514 Walnut street, Des Moines,
Iowa.— 5
Two Through Tourist Cars to California.
Every week via the Chicago Great Western Rail
way. Choice of routes west of Kansas City via
Santa Fe Route or Rock Island El Paso Route.
Low rates and every comfort afforded.
For fur
ther information apply to E. J. S A W Y E R , City
Ticket Agent, 514 Walnut St., Des Moines, Iowa.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
47
Reduced Rates to Yellowstone Park.
For the season of 1904 the Northern Pacific an
nounces a great reduction in rates from Chicago,
St. Paul, Duluth and other Northwestern points to
and through Yellowstone Park. These reductions
materially decrease the expense of the park tour.
New hotels have been built. Old Faithful Inn,
modern in every respect ,constructed of logs and
boulders, is located near Old Faithful geyser and
is probably the most unique structure of the kind in
the country and bound to become a favorite A new
and stately hotel on the banks of Yellowstone Lake
makes this the most reposeful spot in.the park.
Each of the park hotels now has a capacity for 250
guests, is electric lighted, steam heated and has a
good orchestra.
Season extends from June 1 to September 30.
Route via N. P. R., Livingston and Gardiner.
Inquire of any agent of the N. P. R. or write to
Chas. S. Fee, Gen. Passenger Ag’ent, St. Paul,
Minn., for particulars, and send six cents for “ W on
derland 1904.“
6
Go South.
Farm values are cheap; manufacturing oppor
tunities unprecedented. Write John M. Beall, A s
sistant General Passenger Agent, Mobile and Ohio
Railroad, St. Louis, Mo., and he will put you in
touch.
10
Homeseekers’ Rates to North and South Dakota.
Every Tuesday until Oct. 25th the Chicago’ Great
Western Railway will sell round-trip tickets to
points in the above named states at a great reduc
tion from the usual fare. For further information
apply to E. J. Sawyer,. City Ticket Agent, 514 W al
nut St., Des Moines, Iowa.
11
Greatly Reduced Rates to the W est and Northwest.
Every day in March and April the Chicago Great
Western Railway will sell tickets at very low rates
to points in Montana, Washington, Utah, Idaho
and California. E. J. Sawyer, City Ticket Agent,
514 Walnut street, Des Moines, Iowa. — 5
$18.85 to Billings, Mont.
$21.85 1° Livingston, Mont.
$23.85 to. Helena, Mont.
$26.35 1° Spokane, Wash.
$28.85 to Portland, Ore.
$29.25 to San Francisco, Cal.
Via Chicago Great Western Railway. Tickets on
sale daily to April 30th. For further information
apply to E. J. Sawyer, City Ticket Agent, 514 W al
nut street, Des Moines, Iowa.— 5
THE NORTHWESTERN BANKER.
48
From the G R E A T
T W IN
April, 1904.
LAKES,
C I T I E S and
P O IN T S S O U T H
YES
There are other railroads be
T O THE
tween the East and the West.
W O R L D 'S F A I R - S T . L O U IS
BUT
it is always well to secure the
THE MOST DIRECT ROUTE IS VIA
best you can for the money.
TH EREFORE
You should bear in mind this re
mark of an experienced traveler:
Double daily service through to St.
Louis. Pullman Buffet Sleepers and
Free Reclining Chair Cars. All
trains pass in full view of World’s
Fair Buildings, stopping at Main
Entrance to Grounds.
Watch this space for low rates next month,
or address
A..
B .
‘ ‘For the excellence o f ils trades, the speed
o f its trains, the safety and comfort o f its
patrons, the loveliness and variety o f its
scenery, the number and im portance o f its
cities, and the uniform ly correct character
o f its service, the N ew York Central &
H udson River R ailroad is not surpassed
by a n y sim ilar institution on either side of
the Atlantic. ”
Send to George H. Daniels, General Pas
senger Agent Grand Central Station, New
York, a 2-cent stamp for a 52-page illus
trated Catalogue of the 1‘Four-TrackSeries. ”
C U T T S ,
G e n . P a s s . & T ic k e t A g t.
¡VIin net* poi is
Some Railroads Advise
the traveling public that they are the
shortest routes, others that they are the
scenic route, but the
Mexican Central
is P O S IT IV E L Y the O N L Y ROUTE
to travel over in touring Mexico. It
is the O N L Y line reaching practically
every important city. It covers the
R E P U B L IC from NORTH to SOUTH
and E A ST to W EST. Remember the
old reliable route to MEXICO and in
sist on your ticket reading that way.
First class through Pullman Buffet
Sleeping Car runs daily between St.
Louis and El Paso and the City of
Mexico, without change at the fron
tier. Agencies in all the principal cities
of Europe and the United States.
For further information call on or
address
low Rates to
me Pacino coast
Every day in March and April,
1 9 0 4 , uncommonly low rates to
the Pacific Coast and to hundreds
of intermediate points will be
offered by the
GliicaQO, Milwaukee & St. Paul
Railway.
If you are contemplating a w est
ern trip it is worth your while to
at once ask the nearest agent of
this company for information
about rates, stop-overs and train
service, or write today to
F. Ä. M I L L E R ,
MR, W . D. MURDOCK,
General Passenger Agent,
C it y
of
M e x ic o .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[
MR. T . R. R YA N
General Agent,
328 Marquette B ld g., C hicago
General P assenger agent,
e H ie a G © .
April, 1904.
THE NORTHWESTERN BANKER.
49
“Wonderland
1904
”
M O N ON
ROUTE
4 CH ICAG O
Published by the Northern Pacific and sent by Chas
TRAINS DAILY BETWEEN
S. Fee, St. Paul, Minn., to any address for six cents
—the postage—describes the Hunting and Fishing in
<
INDIANAPOLIS
the Northwest; shows what vast quantities of Lignite
^CINCINNATI
O
Coal, the poor man’s fuel, underlie western North Da
TRAINS DAILY BETWEEN
kota and how rapidly and easily it is now mined; has
¿r CHICAGO $
L O V IS V IL L E
a long chapter on Yellow stone Park and the reduced
PA R LO R and D I N I N G
C A R S onDAY T R A IN S
P A L A C E S L E E P IN G
CARS on NIGHT TRAINS
rates now in effect and the many improvements made
FRANK.J.BEED. Gen.Pass. A g t.
CHAS. H.ROCKWELL. Traffic Mffr.
W .H .M l DOEL. Pres é*Gen M g r
tells about Irrigation in the Yellow stone and Yakima
3
*
by the Government; recounts what others say of the
N. P. R ’s Crack Train the ‘ ’N orth Coast Lim ited;”
3» . _*
3
3
9
DEPOT
DEARBORN
valleys, the two largest irrigable valleys in the North
3
- 1 -.i
west, and deals with some phases of the renowned ex
S T A T IO N
CHI C A G O
A
ploration of Lewis and Clark across the continent 100
ONLY LINETOTHE FAMOUS HEALTH RESO!
years ago.
T O T B A D E N O TE N G H LI
some, and good for pastime reading and forfuture ref
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
erence.
The book is descriptive, historical, whole
Suitable for office, library, school and class
room, travel and vacation.
O N L Y S I X C E N T S — S E N D F O R IT!
California
SPECIAL T R A I N
FO R Y O U
T h e Santa Fe will run two personally-escorted special trains to Los
Angeles via Grand Canyon, leaving Chicago April 27 and 28, account
General Conference, M . E. Church. Stops made at Albuquerque and
Laguna in N ew M exico, the Grand Canyon of Arizona, also Redlands
_„ J
D iT r ü v fir l/ . I»-»
and rviversiae in v>aiirOrma.
Y ou will travel on the cleanest railway in the W est— oil-sprinkled
tracks and oil-burning engines in Arizona and California.
The rate is l ow —
w h y don’ t y o u go?
•JAlso $53 from Chicago to
California one w a y , secondclass, d a ily , M a r ch a n d A p ril.
flW rite to-d ay fo r particulars.
R OU N D-TRIP F R O M CHICAGO
Gen. Pass. Office
Atchison, Topeka & Santa Fe R y .
C H IC A G O
ALL T H E W A Y
T H E N O R T H W E ST E R N B A N K E R .
50
April, 1904.
S P E C IA L LIST O F IOW A B A N K S .
A L P H A B E T IC A L L Y A R R A N G E D BY T O W N S .
Showing Name o f B ank , Town and County, Capital, Surplus and Undivided Profits , Names o f Officers and
Special Facilities for the Transaction of Business intrusted to their care.
First National Bank.
ALGONA,
Capital, $50,000 00.
1
Surplus $10,000.00.
................ ( Ambrose A . Call, President.
I D. H. H utchins, Vice-President.
Oldest N ational Bank in
W m . K . Ferguson, Cashier.
K ossuth County.
I C. A. Palmer, A ssistan t Cashier.
Prompt attention paid to all business entrusted to us.
Kossuth County
CASEY,
Guthrie County
Real Estate Loans.
[ Farmers Bank.
I
Established, 1886.
................ [ Abram Rutt, President and Owner.
) S. Lincoln Rutt, Cashier.
I Individual Responsibility of over $100,000.
Collections receive prompt attention.
The Castana Savings Bank.
CASTAÑA,
Monona County
General banking business
Capital, $50,000.
Surplus $10,000. Undivided Profits, $1,500
W . T. D a v „ President.
S. D. W illits,. Vice-President.
LC. T. H ansen,C ashier.
N egotiators of choice Iowa farm loans.
First National Bank.
CHARITON,
'
Lucas County ---
Capital, $50,000.
Surplus and Undivided Profits, $54,000.
S. IJ. M allorv, President.
Joseph Braden, Vice-President.
F. R. Crocker Cashier.
Banking in all its branches.
CLINTON,
/Peoples Trust and Savings Bank.
Capital, $300,000.
Surplus and undivided profits, $140,000.
G . E . Lam b, President.
Charles F. Alden, Vice-President.
C. B Mills, Cashier.
V.W. W . Cook, A ssistan t Cashier.
Accounts of banks and bankers a specialty.
Clinton County
DAYENPORT,
/First National Bank.
Capital, $200,000.
I Surplus and Undivided Profits, $110,187.
......................( a . Burdick. President.
I Joe R. L ane. Vice-President.
General banking business
John P. V a n P atten, Vice-P resident,
transacted.
\George Hoehn, Cashier.
The first National Bank in operation in the United States commenced
business June 29, 1863.
Scott County
DECORAH,
Winneshiek County...
Winneshiek State Bank.
Capital, $100,000.
|C J. Weiser, President.
E. W . D. H olw ay, Cashier,
H. B. Hustvedt, Assistant Cashier.
The most careful attention given collections.
FOREST CITY,
Winnebago County
/Forest City National Bank.
} C apital, $50,000.
• » Surplus, $15,000.
I C. J. Thom pson, President.
C
t G .S . Gilbertson,
Gi “ a-hier.
"
General banking business transacted.
HUMBOLDT,
Humboldt County.
The Peoples Bank.
I
Capital, $100,000.
Surplus, $25,000.00.
G. L. Trem ain, President.
W . W . Sterns, Cashier.
/Keosauqua State Bank.
KEOSAUQUA,
Van Buren County.,
Cllections a special feature.
MONTICELLO,
/ The Monticello State Bank.
C apital, $100,000.
Surplus, $100,000.
S. S. Farwell, President.
Frank M. H icks, Vice-President.
H. M. Carpenter,Cashier.
H. S. Richardson, Assistan t Cashier.
Money to loan on Iowa farm lands.
_
/
Jones County................... \
[Marengo Savings Bank.
MARENGO,
Capital, $50,000.
Iowa County............... M
$1°’°0
0
M.SwPsto’
W . Stover,
President.
J. N . W . Rum ple, Vice-President.
A . M. Henderson, Cashier.
Frank Cook, Assistan t Cashier.
Conduct a genera) banking business. Prompt attention given to collections
MARSHALLTOWN.
[Marshalltown State Bank.
1 Capital, $100,000.
Marshall County............ / Surplus and Profits, $50,000.
F . Balch, President.
IGeo. A . Turner. Vice-President
Ip . S. Balch, Cashier.
\C. C. Trine, A s s ’ t Cashier,
Prompt and careful attention given all business entrusted our care.
J
Hardin County .
Collections promptly made.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(First National Bank.
Capital, J50.000.
/ Surplus aud Undivided Profits, $50,000.
E. S. Ellw orth, President.
|J. H Carleton, Vice-President.
iW. H. W oods, Cashier.
C. H . Burlingam e, A s s ’ t Cashier,
Correspondence solicited.
(A.
MT. AYR,
fJttt. Ayr Bank.
Ringgold County--\Jno. H. A llyu , Assistant Cashier.
General B anking business transacted. Farm loans, real estate and abstrac t
NEWTON,
/First National Bank.
I
C apital, $65,000.
Surplus and Undivided Profits, $43,000.
sioanaker President.
I J. H - L y d ey , V ice-P resident.
\E. E. L yday, Cashier.
Lee E Brown, Assistant Cashier.
General banking business transacted. Collections receive special attention
Tnannr
«ju sp e x
(
county................ \ Chester
NEW HAMPTON,
First National Bank.
Chickasaw Countv.
C apital, $50,000.
Surplus,$10,000.
A . E . Bigelow, President.
J. W . Sandusky, Vice-President.
Tim . Donovan, Cashier.
Grant M . B igelow , A s s ’ t Cashier.
O nly N ational Bank in the County. A geueral banking business trans
acted.
ONAWA,
Monona County
i Holbrook & Bro.
• • < Established 1858.
1
P. K. Holbrook, Cashier.
(
General B anking Business transacted.
We m ake a specialty of promptness in furnishing abstracts.
gages for sale.
OSKALOOSA,
Mahaska County..
Farm m or-
/Oskaloosa National Bank.
Capital, $50,000.
Surplus and Undivided Profits, $44,000.
|w. H. Kalbach, President.
I H. L. Spencer, Vice-President
\C. E. Lofland, Cashier.
A ll business given good attention.
IOWA FALLS.
I Capital, $27,800.
/
Undivided Profits, $4,700.
\ H. H. Trim ble, President.
IJ. N. Norton, V ice President.
\J. L. Therme, Cashier.
A general banking business transacted.
POCAHONTAS,
,f City Exchange Bank.
Pocahontas County... -j W ill D . McEwen, President.
H . C. D oyle, Cashier.
Banking and Real Estate.
Collections a specialty.
General banking business transacted.
THE NORTHWESTERN BANKER.
April, 1904.
gPIB CIA L L I S T O F IO W A B A M Ä S -C o n tin u e d .
Lyon County Bank.
{
ROCK RAPIDS,
OSKALOOSA,
( J. F. & W. R. Lacey.
Mahaska County..............-s Reference:
I
(
Mi l l e r & T h o m p s o n .
Lyon County..
SAC CITY,
Special List Minnesota Banks,
/First National Bank,
GLENCOE,
McLeod County
Sac County
SPENCER,
/ The Citizens State Bank.
I
Clay County................ '
Capital paid up, $50,000. Surplus, $12,000.
Franklin Floete, President.
| Andrew R. Sm ith, Vice-President.
1 Ackley Hubbard, Cashier.
Fremont County Bank.
Capital, $25,000.
J. H . M cDonald, President.
H. H . M cDonald, Cashier.
Special facilities for collections.
First National Bank.
TAMA,
Tama County
Capital, $50,000.
Surplus, $50,000.
J. L. Bracken, President.
T. L, W illiam son , Cashier.
D. E. Goodell, Assistant Cashier.
A general banking business transacted.
WATERLOO,
( The First National Bank.
Capital, $150,000.
Blaekhawk County------- Surplus, $2 5 .0 0 0 .
I H. B . Allen, President.
1 F. J. Eighm ey, Cashier.
M unicipal, county and school bonds bought and sold.
Farm loans negotiated at lowest rates. Prompt service.
German American Loan and Trust
Co.’s Bank.
WAVERLY,
Bremer County
Capital, $25,000.
Surplus, $15,000.
W . C. H olt, President.
Julian R uddick, Cashier.
A general banking business transacted.
WAPELLO,
Louisa County...........
1 Capital Stock, $30.000.
\ John O tto, President.
Surplus, $6,000.
M. Ong, Vice-President.
t W . H. Colton, Cashier.
Prompt attention paid to all business intrusted to us.
(First National Bank.
)
• • •I
Capital, $50,000.
Surplus, $20,000.
D. Beviugton, President.
' W . S. W hedon, Cashier.
General banking business transacted
IC.
Représentative Iowa Lawyers.
DAVENPORT,
( Heinz & Fisher.
Scott County........................ < R eference:
J
f Citizens State Bank.
MONTEVIDEO,
Chippewa County
Any Davenport bank.
Real estate mortgagee bought and gold.
Refers to any bank in county.
1 make a special feature of Com m ercial and B anking Law.
MASON CITY,
Cerro Gordo Couuty
Cliggitt, Rule
&
Keeler
References by Perm ission;
First National Bank.
City N ational Bank.
Iowa N ational Bank.
Special attention to com m ercial law.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REDWOOD FALLS,
Redwood County..
/First National Bank.
Authorized Capital, $50,000.
Paid Up Capital, $25,000.
Surplus, $4,000.
A . C. Burmeister, President.
H. D. Baldw in, Vice-President.
,H . A. Baldw in, Cahier.
O. W . M cM illan, A s s ’ t Cashier.
General banking business transacted.
H om eseekers and
S e ttle r s :
On the first and third Tuesdays of each month
round-trip excursion tickets are on sale to all points
in the west, south and southwest at one fare plus
two dollars; return limit twenty-one days from date
of sale; -stopovers allowed.
On the same dates special o n e - w a y settlers’ tick
ets are on sale at a trifle more than half the regular
fares.
The Minneapolis & St. Louis operates through
sleeping cars and free reclining chair cars.
Call on agents for particulars or address A. B.
Cutts.G. P. & T, A., Minneapolis, Minn.
to
the South.
L ow rates to southern points on first and third
Tuesdays of each month to May ist for homeseek
ers and settlers. W rite Jno. M. Beall, M. & O. R.
j R., St. Louis, Mo., for literature and rates.— 5
Farm and Orchard Lands For Sale by M. & O. R. R.
Low rates on first and third Tuesdays of each
month to May ist for homeseekers and settlers.
White Jno. M. Beall, M. & O. R. R., St. Louis.
Mo., stating to what point yo uwant rates.— 5
Homeseekers’ Rates.
FAIRFIELD,
i Rollin J. Wilson.
Jefferson County..............•< General Attorney.
j
Capital, $50,000.
Cheap Rates
/The Wapello State Savings Bank.
I F.
WINTERSET,
Madison County---
i
Bank of Glencoe.
Surplus, $10,000.
G. K. Gilbert, President.
A . J. Snyder, Vice-President,
L . W . Gilbert, Cashier.
I E.CH.
apital,
$30,000.
Carson,
A ssistan t Cashier.
D eposits and Profits, $140,000.
Farm
loans a specialty.
Established
1879. Incorporated 1890
C. D. Griffith, President.
M. E. Titus, Cashier.
W e can furnish first mortgage farm loans runningfive years,interest F I V E
per cent. Iow a and W isconsin investors write us.
Banking business transacted.
All business entrusted to our care carefully and promptly transacted.______
SIDNEY,
Fremont County
Oskaloosa N ational Bank.
M ahaska County State Bank.
Do a general law business.
Parctice in all courts.
(O. P. Miller, J. K . P. Thom pson.)
It you want some choie# farm loans
drawing
5 p e rc e n t, interest, write
Capital,
$100,000.
us for descriptions o f sam e.
_______________
_______________________________
Undivided
profits,
$30,200.
M. A . Cox, Cashier.
P . B. Parker, A ssistan t Cashier.
Capital, $50,000.
I Su rplus and Profits, $25,000.
........................... { D. E . Hallett, President.
I E. Criss, Vice-President.
I H. H. Allison, Cashier.
\ H. S. Barnt, Assistant Cashier.
Transacts a general hanking business
__________
A general law business.
51
On the first and third Tuesdays of each month
the Minneapolis & St. Louis Railroad sells special
Homeseekers’ round-trip excursion tickets to points
in the Northwest, West, Southwest and Southeast,
at one fare plus two dollars..
Return limit twenty-one days from date of sale,
and stop-overs permitted.
O11 the same dates one-way rates in effect for
benefit of settlers.
Call on agents for full particulars, or address A.
B. Cutts, O. P. & T. A., Minneapolis. Minnesota.
April, 1904.
THE NORTHWESTERN BANKER.
52
Magnifi
cent
Gift
Royal Dinner
G et a sensible
present. This table
will last a lifetime
and entertain - e v e r y
;mber of the family at
e popular games of bil
liards and pool. In the l
dining room it will server
them three times a day."
Dining table size%stand-,
ard, 3 x 7 feet. Elegantly and artistically design
ed. Attractively finished.
Five massive beautifully
hand-carved legs. Our most
popular pattern. W rite for
illustrated catalog. I t ’s FREE.
?Combina■t i o n
B i 1liard and Pool
.Table Freight paid,
f Four section dining
table top, may use
but three sections.
Best Vermont Siate
Bed. Patent invisi
ble Pockets. Won
derfully Sensitive
.solid Rubber Cush
ions.
Im p o rte d
F r e n c h B i 11 i a rd
Cloth. Best Work
manship through
out.
» !> » « * 1 i i * i f I Ï »> n > 'i> n f t i f 1
INDIANAPOLIS
Combination Table
Library - Dining = Billiard = Pool
High grade, stylish, unexcelled playing qualities. Instantly changed from Bil
liard to Pool hy use o f successful patent carom plugs and to Dining and Library
Table by replacing top. Quarter sawed oak. flemish or golden finish. Highly
polished. Complete Billiard and Pool outfit of regulation quality, including lour
genuine ivory billiard balls, 10 pool balls, 6 cues, triangle, etc. Price $125.00,
freight prepaid.
Other styles Combination Billiard or Pool Tables, $30.00 to
$150.00. Sold on monthly installment plan if desired.
COflBINATION BILLIARD flFG. CO.,
U N IO N S A V I N G S
5 6 - 6 6 Ingalls, Indianapolis, Ind.
BA N K ,
The LEADING H O T E L
IN IO W A .
Smry
Rouse...
DAVENPORT, IOWA.
CAPITAL, $100,000.
SURPLUS, $34,277.
DES MOINES, IO W A .
COMMERCIAL AND SAVINGS.
A M E R IC A N P L A N .
$3.00to$4.50Derday.
4 PER C E N T IN T E R E S T P A ID ON D E P O S IT S .
EUROPEAN PLAN.
$l,5Qto $3.50Derday.
O F F IC E R S :
F . H. B A R T E M E Y E R , Pres.
J . W . B A R T E M E Y E R , Y ice-P res.
Valley national P>anb
OF
DES
First-class C afe in Connection
w ith H otel.
S. L E L Y , Cashier.
S. D. B A W D E N , A s s ’t Cashier.
MOINES
SECOND N ATION AL
BANK OF DUBUQUE, IOWA
Condensed Statement, March 28, 1904
jt
jt
jt
COMPTROLLER'S CALL
Report of Condition at Close of Business March 28, 1904
R ESO U RCES
Loans and Discounts......................................$ 896,928.65
Overdrafts.....................................
426.23
Stocks and Bonds...........................................
78,349.31
Premiums..........................................................
9,110.00
Banking House and Fixtures.......................
42,598.02
Other Real Estate and Mortgages Owned ..
10,014.00
United States Bonds........................................
300,520.00
Cash and Exchange........................................
560,227.19
Total ....................................................... $1,898,173.40
L IA B IL IT IE S
Capital S to ck .................. ........... ................ $ 200,000.00
Surplus......... ..............
100,000.00
Undivided Profits (n et)..................................
2,777.00
C ircu lation ...,..................................
185,047.50
D eposits............................................................ 1,410,348.90
Total...........................................
$1,893,173.40
R . A. CRAW FORD, Pres.
C. H. D ILW O R TH , V ice-P res.
W . E. B A R R E T T , Cashier
C ash _
RESOURCES.
On H a n d ......................... ............................. 8129,932. 78
With Other Banks.................................... . . 320,098.45
With U. S. Treasurer............. ................... . 7,500. 00 $ 457,531. 23
In vestm en ts—
Loans ............................................................ - 750,582.30
Bonds and Other Securities....................... . 314,909.50
Overdrafts......................................................
774.74
Banking House and Real Estate............... . 61,200. CO 1,127,466.60
Total ................................................... ...................$1,584,997.83
D e p o s it s —
U IA B IU IT 1 E S .
Individuals.................................................. . 8483,375.51
Banks............................................................ 475,219.10
United States...............................................
80,000.00 81,038,594,61
C a p it a l —
Paid in........................................................... 300,000.00
Surplus and Profits..................................... 96,403.22
C i r c u l a t i o n ................................................... ....... ..................
Total
396,403.22
150,000.00
81, 534,997.83
This bank transacts a commercial business only, and
pays no interest except on balances of other banks
OFFICERS :
J. K . D e m i k g , Pres.
W . H. D a y , Y ice-P res.
H e r m . E s c h e n , Cashier
DIRECTORS :
AC COUNTS
S O L IC IT E D .
OF
BANKS.
AND
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
G IV E N
F IR M S
AND
CAREFUL
I N D IV ID U A L S
A T T E N T I O N : :: ::
W m. L. Br a d l e y ,
Ja m e s M . B u r c h ,
W . H. Da y ,
H. B G lover
J. K . D e m i n g , F. A . R u m p f , G e o . W . K i e s e l
@FedFRASER