The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Vnlume Y.
Des Moines, Iowa, AL~lfust, l!JOO.
lowaE~atfonat
Sanh.
G
Capital $100,000.00.
Solicits Accounts of Banks and Bankers and
extends to depositors every facility consistent with conservative banking. Designated reserve agent for National Banks.
DIRECTORS:
Homer A. Miller,
E. K. Butler,
H . S. Butler,
N . T. Guernse y,
B. F. Kauffman,
Geo. A. Dissmore,
E. H. Hunter, .
Frederick Field .
C. W . Johnston,
H. T. Black burn.
5
6- 7
8
~- 9
9
A BANK Im A BROAD
LE GAL POINTS
NEBRASKA B A NKS
BOOK REVIEWS
low A
BANK REPORTS
GENERAL NF.WS AND NOTES
-
D ES MOINES ULlt:A RING HOU SE
low A
NEWS A.ND NOTE',
-
-
MINN ESOTA. NEWS AND NOTES
DAKOTA NEWS AND NOTES
-
NEBRASKA. NEWS AND NOTES
POSITIONS
WANTED,
FOR
DEPOSITS.
-
DES MOINES. IOWA.
®---®
CAPITAL,
SURPLUS,
- 26-29
LA.WYERS 30- 31
$200,000,00
700,000.00
.
-
(@-----@
J.
U
lowA
U. S. DEPOSITORY.
24
SALK
Ero.
RttPRESENTATIVE
10
11
13
13-22
23
23
SPECIAL LIST OF BANKS
July 14, 1899 .............................$493.022 63
July 10, 1900 ....... ........................ 955,5~8 31
JJationaZ
anJi
Page,
EDITORIAL
0
1t1zsns
1~~·-
-~,
n--0nttnts.
~ '---~
-----
(.___ _ _ DES MOINES, IOWA
H . S. BUTLER,
HARRY T. BLACKBURN,
V-Pres.
Cashi er .
G. A. D1ssMORE, Ass't Cashi er.
.Number 8
G
ROUNDS, PRESIDENT.
J. CALLANAN, VICE-PRESIDENT.
GEO. E. PEARSALL, CASHIER.
GEO. COOPER, ASS'T CASHIER
~----®
ACCOUNTS S0LI0ITED.
·Tu Bankers National Bank, Davenport Savings Bank,
Marquette Building, CHICAGO, ILL.
DAVE;NPORT, lOWA.
~~~:.._~~:.._§)~:.._§)~~~:.._r.,~~~~
~ CAPITAL, - . - -
£apital,. · · $1,000,000.
s.
E.
LACEY ,
GEO.
LORD, JOHN C. CRAFT, J . C. McNAUGHTON, •
FRANK P. JUDSON, •
Deposits
Depo:-its
Deposits
Deposits
Deposits
Deposit!ol
Deposils
Deposits
June
June
June
June
Jnne
June
June
June
s.
PRESIDENT.
2ND VICE-PRESIDENT.
CASHIER.
Ass'T. CASHIER.
Ass'T. CASHIER.
$1,512,694.72
3, 255, 163. 70
3,415,285.35
3 . 226,222.10
5,403,750.03
6,7-t0,611.55
9,531,891.88
30, 189~,
30, 1894-,
ao, 1895, •
30, 1896,
30, 1897,
30, 1898,
30, 1899, •
30, 1900,
• 11,085,418.98.
© UNDIVIDED PROFITS,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
~
73,045.00 ©
V!~!~~~~~~~~
•••Officers•••
ANTHONY BURDICK, President.
LOUIS HALLER, Vlce-Presldmt.
HENRY C. STRUCK, JR., Cashier.
OTTO L. LADENBERGER Teller
~~
• • • Directors • • ~
A. BURDICK
LOUIS HALLER,
A. STEFFEN,
W. 0. SCHMIDT
THOMAS ScoTT,
J. F. Dow ,
H. KOHRS,
w. H. WILSON,
H. C. STRUCK, JR.
~~
New Business Desired and
Unexcelled Facilities Offered.
$ . 300,000.00
4
Per cent interest paid on deposits.
Money loaned on real estate security
in the State of Iowa • .JJ,JJ~.Jl~,JI.JJ
TH.E NORTHWESTERN BANKER
2
August,
1900.
...................................................................................................
.,
The National Bank
OFTHE
REPUBLtIG
NEW YORK.
AMERICAN ExcHANGt BANK,
United Bank Building, Cor. Wall St. and Broadway.
ST. LOUIS.
Capital, $ I ,500,0~0.
Surplus, $500,000.
CAPITAL, $500,000 00.
SURPLUS, $375,000.00.
ACCOUNTS SOLICITED.
Officers:
OLIVERS. CARTER, President,
\VALKER HILL, Pres't.
EPHRON CATLIN, Vice-Prcis't.
L . A. BA ..rTAILE, Ca.shier.
CHARLES H. STOUT, Cashier.
W. B. T. KEYSER, Ass't. Cashier
Accounts of Banks and
Bankers Received.
OORRESPONDENOE SOLl:OITED,
Buy and sell United States Bonds and make
transfers and exchanges in WaFhington without
additional charge.
·································································································'
NATIONAL
State Bank of Burlington.
Commercial
'J/ational . .
!lJank ..
(Oldest Established Bank in Iowa.
~. .
l~
CAPITAL, $150.000. =-'"I..
--------- ~
·•-~'"~I " '
~
.,,,ui.·p I us
$100,000.
~
O~'FICERS.
CHICAGO, ILLINOIS.
J, T. REMEY, President,
JOHN J. FLEMING, Cashier,
J. W. BROOKS, Vice-President.
DIRECTORS.
C. E. Perkins,
J. C. Peasley,
ESTABLISHED, 1864 .
J. W.
E. S. Huston,
J. T. Remey
Brooks.
Capital,
. Surplus,
~~~~&A~~A&~~~~~
~ CAPITAL,
~
!
l
$100,000
UNDIVIDED PROFITS,
$40 1000
Davtnport national Bankt
·
Davenport Towa.
~
~
YOUR ACCOUNTS and COLLECTIONS SOLICITED.
~
. W. C. HAYWARD , PRESIDENT, HENRY EGBERT, VICE-PRES. l
D. B _A WDEN, CASHIER.
{, '°GS'W
GENERAL COMMERCIAL BUSINESS.
OFFICERS AND DIRECTORS,
s.
~ ~~~•
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
¥
•
" " " ~ .....
$1
,ooo ,00.0.00
$ J ,000 ,000.00
~
~
t
~
JAMES H ECKELS, President.
~
~
~
D. VERNON, 2d Vice-President,
JOHN C. :\1.CKEOW Vice-President.
JOSEPH T TALBERT, Cashier.
N. R. LoscH, Assistant Cashier.
FRANKLIN MACVEAGH,
I
JESSE SPALDING,
WILLIAM J. CHALMERS,
JAMES H. ECKELS,
.
N. K. FAIRBANK ,
ROBERT T. LINCOLN,
JOHN C. MCKEON
August,
THE NORTHWESTERN BANKER.
1900.
r FIRST
THE
NATIONAL
BANK,
Corner Monroe a.nd
Dearborn Streets.
TRAVELER'S CREDITS issued,
available in any part of the world.
T RANSFERS OF MONEY MADE
BY T ELEGRAPH and CABLE and
EXCHANGE DRAWN at customary
usance. on the principal cities of
the United States, Europe. Japan,
China, and the East Indias.
All kinds of FIRST-CLASS INVESTMENT SECURITIES deal t in
constantly on hand and for sale at
current rates; a full line of GovERNMENT BONDS, Municipal andLocal Bonds, Choice Railroad
Bonds.
Collections carefully made and
proceeds promptly accounted for
on moderate terms. Accounts of
banks and bankers solicited.
$2,000.000.
JAMES B. FORGAN,
President.
GEORGE D. B OULTON,
Vice-President.
RICHARD T. STREET,
Cashier.
H OLMES HOGE,
Assista nt Cashier.
F RANKE. B ROWN,
Assistant Cashier.
CHARLES N. GILLETT,
Assistant Cas hi er .
E MILE K. BOISOT,
Manager Bond and Foreign D ept.
A REGULAR BANKING
SINESS TRANSACTED.
JOHN E. GARDIN,
Asst. Mgr . Bond and Foreign D ept.
FRANK 0. WETMORE,
Auditor.
SURPLUS,
C
r
EIGHT MILLION DOLLARS
DEPOSITORS EVERY FACILIT Y CONSISTENT WITH
CONSERVATIVE BANKIN6.
!~
•'----".-----.- - -.--:: .-.- - - •
- ~-- - ~~-~...,'----/4-----~,
ttbe '00\estern
1Rattonal 18anht
CAPITAL- $100,000.
®f tbe ~itl? of
1Rew J!.)orlt.
Corner Pine and Nassau Sts.
I
DES MOINES, IOWA.
Capital, $z, i 00,000.
+
SPECIAL ATTENTION TO IOWA COLLECTIONS.
~~I~!I
r
29, 1900.
Loa ns and
sco____
uut ~------- -----------------Overdraf
t!' __Di
.____
____ ____ ____
____ ____ __ ______
!838,946
14
5,094 39
~~!1i~~~~fen~-~-x-~~~~~::==::==::
:=== ==== ==== ====$128,263.4-1 1b:~gg::
Sight
Excha.nge ________________________________
Cash ____ .... ____________________________ ..•. ____
43,1142.31
Total ___ ..•• ____ ____ ____ ____ ____ ____ ____
*1,028,546.28
• • J:iabilitiu • •
Capital_________________ ______ ___________________
1!100,000.00
~~~~ ~~~~ ~~~~
I
Ir\r~.
172,205.75
Total ___________ _________________________________ $1,028,546.28
••omens••
MARTIN FLYNN, President.
A. D1c~Y, Vice-President.
C. H . MARTIN. Cashier.
FRANK P. FLYNN, Ass't. Cashier .
--J!·•----S
v--;,
-~~
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
'11Jjl'1'
111 \
Depository of Public Moneys
of the United States, the State
of New York, the City of New
York.
V. P . SNYDER, President.
~i~~t~e~~~-its·----~~---_
--~~----~--~ --~--~ --~~-_$303,470 f>0 15,339.4317~
Demand Deposits ________________ _______________ 609,736.35 913,206.85 ~
~i
W. B. COWEN, 2d Asst. Cashier.
Cashier.
~.....,,,,,,,.,.~~
Rtport of tondition, Jluditor'$ £all, ]unt
• • Rtsourcu • •
l
JOHN NICKRRSON, 2d Vice-Pres.
EDWAJlDS,
SOLICITS ACCOUNTS OF BANKS AND BANKERS AND EXTS.NDS TO
l PEOPLE'S STAHViNcs BANK, I
l.
B. F.
C. L. MERRILL, Asst. Cashier.
WITH CAPITAL, SURPLUS AND PROFITS OF
ff
CAPITAL,
W. H. THOMPSON, President.
J.C. VANBLARCOM, Vice-Pres,
Tne Nation al Bank or Commerce in St. Looi1
BANK OFFICERS:
$3,000.000.
3
I
r
~---~-~~~v---~J
H. A. SMITH, Cashier.
U. L. ROBINSON, Ass't Cashier.
Accounts of Mercantile Firms, as well as
those of Banks and Bankers are solicited,
and will receive careful attention.
THE NORTHWESTER.N BANKER.
4
Des Moines Savings Bank,
DES MOINES, IOWA.
£apital
$400,000.
1900.
! The American .
TrustAN°Savings
..Bank..
eu1e11.Ge.
CO_
N DITION JUNE 30, 1900.
A.SSETS.
Bills Receivable ______ ----- · ____________ !2,765,662. 13
Banking House ~nd Real Estate______
99,831.80
Ca.sh and Exchange____________________ 2,091,712.05
I
STATEMENT OF CONDITION JULY 17, 1900.
RESOURCES.
Tota!__ __________________________ ---- H ,957,205 98
LIABILITIES.
Capital Stock. __________________________ ! 400,000.00
Undivided Profits._____ ___________ ____ __
79,667.59
Deposits __ __ ____ __ ____ __ ____ __ __ ________ 4,477,538.39
Loans and Discounts __________ -------- --- ----------- -- - . .. - $6,282.068.47
United States Bonds- ----- -- -- -- ------ ------ ---- ------ -- ---36,731.83
Other Bonds ___ _-- ---- -- ---- ---- -- ---- - ---- ---- -- ---- ---- ---- 1,498,188.75
Cash and Sight Exchange ____ __ -- ------ ----- - ----- ---- - ----- 6,068,842.10
TotaL ____________.____ ________ __ ----H,957,205,98
Total __ .... --- · ---- ---- ---- -- ---- ---- ---- --- - --- - $13,885,831.15
LIABILITIES.
~ii!~;otJit?:::):::: :=~:::::::::::~::::::::::: ••~.ffi ~
WE SOLICIT ACCOUNTS OF BANKS
AND BANKERS,
PROMPT
AND
AND
PROMISE
$
COURTEOUS TREAT-
Deposits -------- ---------- ---- -- ---------
MENT, WITH SUPERIOR FACILITIES
FOR THE TRANSACTION
OF
P. M. CASADY, President.
YOUR
HOMER A. MILLER, Cashier,
LELAND WINDSOR, Asst. Cashier.
C. 'l'. COLE, JR., Asst. Cashier.
48 JACKSON BOULEVARD,
Banh Stationers
H nd Litbograpbers.
[
Banh Remsters
~•
t
And Other Forms Kept in Stock
. /
Fine Russet. • •
Leather Pass Books
And Pocket • • •
Check Books • •
A Specialty. • •
12,597,743.92
- ---
Banking House of
... CHICAGO ...
Lar~e Assortment of
- ---- - --------
Transacts a gener.al Banking Business and solicits
accounts of corporations, firms and individuals. Special
attention given to accounts of state and private banks.
We solicit correspondence.
SIMON CASAI>Y, Vice-President
P. F. PETTIBON[ & CO. (INc.),
0
Total -- ---- -- ---- -- ---- -- ---· -- ---- ---- ---- -- ---- $13,885,831.15
EDWIN A. PoTTER, President.
G. B. SHAW, Vice-President.
J . R. CHAPMAN, Cashier.
Jov MORTON, Vice-Pro~t~EcKEi~~f A!it.Ac:siT;;_Assistant Cashier
FRANK H. JONES, Secretary.
W . f. KOPF , Assistant Secretar y.
BUSINESS.
'---
August,
&
Gilman, Son
Company,
,,---____ 62 Cedar Street, New York.
G
Accounts of Banks, Bankers, Financial and Other Corporations, Merchants and Individuals, Received on Favor
able Terms and Special Attention Paid to Their Care.
P. P. PETTIBONE, U.S. OOVERNnENT LICENSEE
For Imprinting REVENUE STAnPS on Checks, Drafts, Etc.
CORRESPONDENCE SOLICITJ<:D.
l)an~ers f\otoal Casoalti Co.
~
DES MOINES, IOWA.
.·
·
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - , • :=a•e' ...............
Directors:
Directors:
J. M. WOODWORTH, Cashier First National Bank, Perry, Iowa.
J. G. ROUNDS, President Citize1_1s National Bank, Des Moipes, Iowa.
A. U. QUINT, Manager, Des Momes, Iowa .
.
S O'DONNELL, President Citizens National Bank, New Philadelphia, 0 .
WM. A GRAHAM, Cashier Citizens Bank, Sidney, Ohio,
F M. l;{UDD, Cashier L . Rudd & Sons Bank, Bronson, Michigan .
M. D . WAGNER, President Huron County Bank, Sand Beach, Michigan.
JNO. W. FAXON, Ass't Cashier First National Bank, Chattanooga, Tenn.
G . R . MOORE, President State Bank, Jackson, Minn .
WM. WARNOCK Banker, Alm yr, Ontario, Canada.
JOHN H . LEATHERS, Cashier Louisville Banking Co., Louisville, Ky .
C. F . SMITH, Cashi er First National Bank, McGregor , Texas.
W. L. MOYER, Cashier Marcus Dail y Bank, Butte, Montana.
A. E SPAULDING, Cashier ,-\insworth Savin~s Bank, Ainsworth , Iowa.
EDWIN GOODA!.:L, Hackensa<;k, N. J.
,
F . ELGORE, Cashier Bank of Wmchester , Kansas.
D GERLACH . Cashier First Nati onal Bank. Chester , Illinois.
. P . HILLYER, Cashier American National Bank, Macon , Ga.
CHAS. H . MOORE Assistant Cashier National Bank of Commerce, Kansas, City. l\10
W. E. COFFIN, Treasurer Iowa Loan & Trust Co., Des Moines, Iowa.
~
l
- - - - - - -- - - - - - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - -
•)1
~
I
INSURES against burglary and robbery of bank Absolute security at actual cost. The safe delivery of money and
securities shipped by registered mail . Better, safer, cheaper than by express. Organized and conducted by bankers.
Confines its business to banks. Correspondence solicited.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Tl)e Nortl)vestern l)anher.
VOLUME V.
$2.00
A Bankers' Journal for the Northwest.
DES MOINES, IOWA, AUGUST,
PER ANNUM.
THE NORTHWESTERN Bi4NKER,
PUBLISHED BY
Tl)e Nortl)vestern f)an~er Pub. (o.,
DES MOINES, IOWA.
A monthly Bankers' Journal, devoted to the interests of bankers in the
Northwest .
All communications and news items of local interest to bankers in the
territory are requested.
Entered at Des Moines, Iowa, as second class Matter .
Subscription $2.00 per annum; single copies, 20c.
Advertising rates on application.
EDITORIAL.
Money rates are still very low throughout the
Northwest and money very plentiful. The movement of the crops and the increased activity during
the fall months will doubtless use a considerable
amount of the surplus but there will still be a plentiful supply and lo~ rates unless it should appear that
there was a strong probability of Mr. Bryan election.
*
*
•
*
The paramount issue in *this campaign is the money
question. Silver having failed to gain admission at
the front door, will try to sneak in the back way,
while its friends are making a demonstration out in
front to attract the attention of the people away
from the back door. Such tricks may deceive some
but none of the bankers should be among the number.
*
The N 0RTHWESTE.RN BANKER
feels not a little pride
in the nomination of banker Gilbertson of Forest
City .f or Iowa's next state tteasurer. As we predicted
the nomination ·was easily made, in fact the result
was never in doubt from the time Mr. Gilbertson's
candidacy was first announced. No better nomination could have been made and Iowa will have no
better official.
***
A number of Iowa bankers are organizing a special
party to attend the national bankers convention at
Richmond in October. A number of Minnesota and
Dakota bankers will join the party. The present
plan is to make the convention the occasion of an
outing, taking in New York City, Boston, Philadelphia
and Washington and also a short ocean voyage. !,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
NUMBER 8.
1900.
SINGLE COPIES,
20
CENTS
cordial invitation is extended to any expecting to
attend this convention to join this party. Many of
the bankers will be accompanied by their wives and
daughters.
Full particulars may be learned by
addressing this JOURNAL.
*
*
*
*
*
Minnesota's sole representative
on the executive
council of the American Bankers Association expires
this year. That this state is always entitled to one
representative will not be questioned by any while
many claim that because of the number of her banks
belonging to the national association she is entitled
to two members. The many friends in Minnesota
of Gilbert G. Thorne, cashier of Northwestern National Bank of Minneapolis, have brought him out as
a candidate for the executive council and his election
will undoubtedly follow.
Consolidation represents the spirit of the times.
The organization of a business on larg-e lines, thus
cheapening production and lessening expense is the
inevitabl6! tendency of modern business life. We
may cry against trusts and large corporations but
we can no more stop this natural evolution of business than we could dam the waters of the Mississippi.
Consolidation is the spirit of the hour and in no
branch of business is it more manifest than in the
banking business. In all the larger cities numerous
consolidations have already been made while others
are in process of consummation. In smaller cities the
same need is being felt and the 5ame result will
surely follow. A larger business with a smaller margin of profit and a relatively smaller expense must
bring fewer banks in all of the larger cities and
money centers.
* * *·
We hear much in these days of the trust, and their
baleful influence. One political party charges · the
other with the responsibility of their creation and
maintenance, and much per fervid rhetoric is let off
by industrious spellbinders. One might as well try
to make the Doctrine of Evolution a campaign
issue. The trust is the natural evolution of our
competitive system. It came about in this way:
Two men in the same business tried to undersell each
other until both found there was no money in it.
They then made an agreement to hold up prices and
both secretly violated it. They could not trust each
6
THE NORTHWEST.ERB BANKER.
August,
1900.
£apital £itY turnitun £0.
ST. PAUL, MINNESOTA.
MANUFACTURERS
OF
Bank Fixtures
and Furniture.
GIVE DIAGRAM AND SIZE OF ROOM, AND WE
WILL FURNISH YOU WITH FLOOR PLAN, DRAWINGS AND ESTIMATES ....•
, Before ordering elsewhere examine our work or write for reference as to
the high standing of our work as follows: Merchants Mational Bank , St.
Paul, Minn ; Second Nati onal Bank, St. Paul, Minn ; American Ex change
Bank, Duluth , Minn .; vvinnebago County State Bank, Forest City, Iowa.
J OHNSON BROTH ER S, P ROPRIETORS;
E stablished 1878
other, and so the business was taken under one
management. No longer having competition in the
town, it was a miniature trust. What was done in a
small way in this town was done on a larger scale for
the whole country, and the big trust was formed. A
good trust is a good thing, speaking in an industrial
sense; it saves in production and in distribution. A
trust in the hands of unscrupulous men is capable of
doing immense damage. The problem for solution
~s not how to kill the trust, but how to regulate and
control it, and keep unscrupulous men from using ,
the power that the comolidation of capital and industry give to rob the people. You can't legislate
successfully against evolution. The trust question
is a new one in American politics, and how to wisely
meet it will take time and study, but that it will be
met no one doubts.
I .
The headquarters of the Money Devil are about
to be moved from London to New York. ' The
financing of the large block of the English war
bonds by the United States has shown the English
public that the power is slipping out of the hands of
the Old Lady of Threadneedle street. And to think
of this happening just at the time when a large element of our population was going into hysterics because our money system was controlled by England!
Our forests have been depleted to furnish paper;
mines have been exhausted and steel mills have been
running overtime to make pens ; and oceans of ink
have been used to spread before the minds of the
people of this country statistics and arguments and
prophecy, all proving that this fair land of ours was,
going to the eternal bow wows because we were ~he
money slaves of England. And now this latest
move of the Money Devil ! Coming right over here
to live, without the aid or consent · of any other
nation on earth, and promising to dictate from the
United States the financial policy of the world !
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
639-641 JACKSON ST., ST. PAUL, MINNESOTA
Well, even the populists are not .devoid of local
pride, and to have the headquarters of the Money
Devil in the country is ~omething. No more branch
offices for us, B' Gosh.
But if we could only have known of this before,
our forest might have been saved, billions of steel
pens need not have been . wasted, and the barrels of
ink could be used in demonstrating to the people
that the times now are out of joint and the people
not prosperous.
FORGER.
A man giving the name of Geo. Cook is operating
among ,the banks in this state. He 'is about 5 feet
IO inches tall, dark complexioned, · black hair and
quite heavy black . mustache. When last seen he
wore a gray suit of clothes and a black derby hat,
has gray eyes and weighs about 160 pounds Has
swindled three banks in this ,state recently . When
last seen August 4th, he was at Fairfax. This man
is wanted in several places.
Should he appear at your bank, detain him, call
an officer, have him arrested and at once notify
JOSEPH CHAPMAN, JR.,
Secy. Minnesota Bankers Association,
Minneapolis, Minn.
A. BANKER A.BROAD.
The many friends of Arthur Reynolds, president
of the Des Moines National Bank, will be glad to
learn of his improvement in health sin~e he left
America for a trip abroad. He is having a very delightful time if one may judge &-om his very interesting letters. In a recent letter written from Wien
he says:
"Every minute has been enjoyable. The weather
has been fine, bright and clear, but not hot. That is
to say, not like we have it in Iowa in July; and here it
is really cold. At night one needs an overcoat. It
THE N OR1'HWES'l'Elllv 11.A.NKltll.
August, 1900.
7
I ;a i~~I ~,. ffIE il!U I I~~ II
Our fee returned if we fail. Any one sending sketch and description of
any invention will promptly r eceive our opinion free concerning the patentability of ·same. "How to Obtain a Patent" sent upon request. Patents
secured through us advertised for sale at our expense.
P atent taken out ~µrough us receive special notice, without charge, in
THE P ATENT RECORD, an illustrated and widely circulated journal, consulted
by Manufacturers and Investors.
Send for sample copy FREE. Address,
VICTOR J. EVANS & CO.,
(P at ent Attorneys,)
Evans Building,
•
has been warmer, but a recent change in the weather
s the result.
"Holland was entirely new to me, and was a very
great and pleasant surprise. The country, as you
know, is low and is cut by canals in every direction,
and the large cities are Venetian-like, in that
mostly all the streets are lined with canals. Rotterdam is pre-eminently the commercial city of Holland- great in shipping. Her great harbors and
m1merous canals were filled with hundreds of crafts
of all kinds, large and small, sail and steam, from
the larger ocean liners to the smallest skiff. The
people are energetic and thrifty. The streets narrow and winding. The people oddly dressed, many
wooden shoes are seen, and men and women hitched
with dogs to ·small wagons loaded with various kinds
of merchandise. The small side streets give one an
idea of the desperately hard life of the poor. In
Amsterdam I saw a man and woman, either one 70
years old, pulling a huge fish wagon, the woman
knawing at a raw fish's head. Even in Dresden I
saw an old woman and girl, possibly 14 years old,
pulling a comparatively large load of coal ; they
were going up hill, and every muscle and vein stood
out as if they would burst. It wa~ a sickening sight.
The Hague is the court city of Holland. The royalty live he re and are surrounded by the aristocracy,
livi ng in magnificent villas. The streets are wider,
some equalling almost any city in Europe, especially t he street through the park, extending three
miles t o Scheveningen, the great bathing resort of
H olland and one of the best surf-bathing beaches in
Europe. Magnificent hotels, great concert halls,
beautiful villas are here, h ere congregate the rich and
rural peo ple as well; an odd sight, looking down the
seash ore, a paved way of two or three miles. But the
quain test, . most curi ous, is the costumes and headd ress of some of the rural folk - dressed as their
an cestors were a thousand years before. In the
H ague there is also a fine picture gallery. Amster
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
WASH IN CTO N, D. C.
darn was once the commercial center and is still the
money center, and rich in a great art gallery of old
Dutch masters.
" Berlin is a wonderful city. I would not have
known the city from my visit of eight years before.
Almost twp million people, wide streets, great art
galleries and museums, royal palaces, statues, parks;
everything in the most gorgeous and expensive
style. One of the greatest cities in Western Europe.
We went out to Potsdam and visited the homes of
Frederick-the-Great and William I., surrounded by
sans sauci, the parks, drives, shaded walks, and here
quiet hours of study with great social functions,
equalling anything given at any of the courts in
Europe in their time. They it was who surrounded
Berlin and Potsdam with elegance and art, and
founded an empire known as Greater Germany.
Dresden, nestled almost among the mountains, the
great art center, with its picture gallery containing
over 2,400 masterpieces of great artists - and one
could revel here for weeks viewing the pictures and
find one to suit every whim and fancy. The environs of Dresden equal the Swiss scenery i~ many
respects ; and the Elbe river, from Dresden to
Bodenbach, on the way to· Prague, by far excels any
river scenery I have ever seen, including the Rhine
and the Hudson. Prague is one of the oldest cities,
dating from the eleventh century. Here one finds
churches, palaces, and winding streets, towers and
curious nooks and corners not seen in any other
European city unless it be Nuremberg.
"Vienna, the great Austrian capital, one of the
largest and greatest cities of Western Europe, is an
energetic, substantial city, filled with fine architecture and art cathedrals, magnificent city hall, parliament houses - one of the finest buildings of its
kind in Europe - art galleries, museums, colleges,
royal palaces, parks; everything to please the fancy
of the traveler and make an artistic and beautiful
place.
THE NORTHWESTERN BANKER.
8
August, 190 0.
ti"° The Commercial Letter File Companyts Cabinets~
are the
SIMPLEST, the MOST PRACTICAL, the MOST
[CONOMICAL, and the B[ST CONSTRUCTED
in the market to·day.
They contain all the GOoo FKATURES of the
most prominent makes, and have all objectionable ones eliminated.
·
IH[ [UR[KA CHU:K SORT[R
has no equal. No bank should be without one.
Send for CATALOGUE and QUOTATIONS.
We make Document File, Card Index, Mercantile Report,
Catalof!ue, Legal Blank and Pigeon Hole Cabinets.
Supplies for a.II of the well known Letter File Cabinets
rurnished promptly. Write for prices.
COMMERCIAL LE:TTE:R FILE: CO.
100
"I will be here two more days, then on to Munich
and will be in Ober Ammergau next Sunday and
see the world-renowned " Passion Play," given once
in ten years, for which practice is continually kept
up. Thence ten days in Switzerland and on south
t o Italy, visiting Milan, Venice, Rome, Naples, Flore n ce, Pisa, Genoa ; thence to Lucern and Paris, from
which place we sail home."
LEGAL POINTS.
Two more than ordinarily interesting questions
h ave arisen in the office of the auditor of state
recently. The solution of problems involving the
interpretation and administration of law is among
the constant and every day duties of the auditor's
office.
One of the cases referred to was the power of a
banking corporation to close out its business
but maintain still its original designation, preve nting
other persons from ·organizing a bank under the fir:;t
name. A certain state bank sold its assets to a corporation which would run a national bank. It notified
the auditor of state that it was going out of business.
Immediately a corporation in the same town wrote
to the auditor and asked for a certificate to conduct
a banking business under the name used by the co_rp oration which had been transformed into a national
bank. A later mail brought a letter from the . new
national bank objecting. It was quite apparent that
although the corporation which h~d abandoned the
state banking business to go into the national banking bus.iness was clinging to its original name to
prevent other financiers trom starting a new bank of
the old name, yet the auditor was compelled by law
to decline to authorize the new concern under the
old name because the old bank wa5 not dissolved
properly. It was still an entity and could be sued
and sue.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Lake St., CHICA G O, ILL.
Another problem also related to t he legal dissolution of a bank. A certain institution in a ce rtain
town in which there is a Democratic paper sent a
notice of dissolution over to an adjoining town to a
Republican newspaper to print. The editor sent t he
proof of publication and the Democratic edi t or
wrote a letter himself, asking the auditor how the
bank could dissolve in that way. T he auditor was
compelled to send back the notice of dissolution ;ts
published with the comment that it was illegal in
that the law requires the notice of dis.solution published in a newspaper publ ished where the bank is
located.
~EBRA.SKA. B ANKS.
Secretary Hall of the State Banking Board has
and issued a statement showi·ng the condition of state
private banks in Nebraska at the close of business
June 30, 1900. Comparison with the last previous
report ~hows an increase of $3,001,146.61 in deposits
and a decrease of $2,017,583 .78 in loans and discounts. The .legal reserve is quoted at 46 per cent.,
an increase in three months of ·13 per cent. Total
resources have inc~eased $2,447,425 24.
''Under normal conditions at this time of the year
it is usual for loans and discounts to show a decrease and deposits an increase," said Secretary
Hall, in speaking of the general condition of the
banks. "It is, so to speak, a period of rest, marking
the subsidence of activity in handling las·t year's
products and awaiting the movement of this year's
products·. As ebraska is almost entirely an agricultural state, the busin(}Ss of our banks reflects
largely the movement of agricultural products.
There is but little demand for money, as reflected in
the decrease of loans and increase of deposits. Our
banks are in prime coi:idition and deservedly command the confidence of the people, which is to this
department the most gratifying feature."
August,
THE NORTHWESTERN BANKER.
1900.
9
The Northwestern National B.ank; of Minneapolis, Minn;
Jas. W. Raymond, Pres.
Wm . H . Dunwoody, Vicc•Pres.
Gilbert G. Thorne, Cash.
Wm. Collins,
A ■■ 't
Cash.
General Statement at Close of Business June 29, 1900.
RESOURCES.
~
-
Gold and Silver Coin....................... ... .... 1324,458.96
U.S. and National Hank Notes.................. .
238,016.00
Cash Balance ■ with Banks . ................. ...... 1,640,399,77
- - - - M2,202,874.73
Loans and Discounts ••••..•..... .... ...... ..•....
3,559,335.56
U.S. Bonds at par................................
200,500.00
Railway and other Bonds •.... ••..•.•• ... .•.. .••.
725,016.34-1 925,5111.34
LIABILITIES.
t!Jil~ti:~~~:i~:~~======~~==~========~·========:==~•i.go~lE:~
R~~erved _for Unea.rned Interest, Taxes and Con•
rngencieil ••.. . ... . ......... ........••••...•.• . ...
89,978.09
5,000.00
1,329.24
Total Liabilities to Stockholders....... ............. . ... 11,389,978.09
Notes in Circulation ............................. . ..
3,950 00
Due to other Banks .•••••....... ..•••.••.•..••.•.•• 2,264,117.54
Demand Deposits ....... a •••••••••••••••••••••••••• 3,036,ul0.24
Total Resources ..... ........... . . .... ....... .... ........... 16,694,055 .87
'rote.I Liabilities to the Public •..••••..•••••..••••••••••• $5,aM,077,78
Redemption Fund .•••....•....... . .•••.... •.... ••. .••..••.....
Overdrafts ..................................................... .
Total Liabilities . .. .... .... .... .... .... .... .... .... .... 16,694,055.87
Paid in Dividends since organization .......... $1,890,000.00 I Paid for Stockholders' Taxes since organization .... $421,087.45
Two Per Cent Paid to Correspo n d ent B a nks on Balances Averaging Over
- - - - - - - , - - - - I : > I ~ E C 'I' 0 ~ S - - - L - - - - - - JAS. S BELL, President WHshburn•Cro11by Co.
W. G. NORTHUP, President North Sle.r Woolen
Mill Co.
L. R. BROOKS, Braoks•Grifflths Co., Grain.
J.E. CARPENTER, Ce.rpenter•Le.mb Co., Lum•
ber.
E. C. COOK, Secretary Minneapolis Trust Co.
S. A. CULBERTSON, Capitalist.
SPENCER E. DA VIS, Monitor Manufacturing
Co.
WM. H. DUNWOODY, President St. Anthony &
Dakota Elevator Ca .
T. B. JANNEY, Janney, Semple, H111 & Co.,
Wholesale Hardware.
M. B. KOON, Koon, Whelan & Rennett, Att'ys
FRANK H. PEAVEY, Peavey Eleva.tor System:
Following is an abstract of Secretary Hall's re:port, showing the condition as a whole of all state
and private banks, including savings banks:
RESOURCES.
Loans and discounts ................. . ........ $19,863,256.62
Overdrafts. . . . . . . . . . .. . .. .. .. . . . . . .. . . .. . . . .. .
205,260.26
Stocks, securities. judgments, claims, etc. . . . . .
2138,850.06
Due from national, state and private banks and
bankers . ......... . . . . ........... .. ....... . 9,752,385.47
Banking house furniture and fixtures ......... . 1,164,456 71
Other real estate. . . . . . . . . . . . . . . . ............ .
718,989.48
Current expenses and taxes paid. . . . . .....•... b60,586.81
Premiums on bonds, etc ....................... .
5,088.37
106 490,04
Assets not otherwise enumerated ............. .
44,219.95
Cash items . ............ . ................... .
Cash reserve ........................•••....... 2,048,004 64
United States bonds on hand ................. ..
37,300.00
Total. .................................... $34,589,288.41
LIABILITIES.
Capital stock paid in .......................... $ 7,005,450.00
Surplus fund . . . . .. .. . . .. .. .. . . . . . .. . .. . . . .. . 1,016,544.74
Undivided profits...... . . . . . . . . . . . . . . . . .. .. . . 1,088,249.28
Dividends unpaid. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
~1,521.08
General deposits . . . . . . . . . . . . . . .. .. . . . ........ 25,256,085.30
Other Ii.abilities.................... . ..........
1,500.51
Notes and bills rediscounted.......... ... .....
88,087.55
Bills payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • . . .
106,900.00
Total. •................................... $34,589,288.41
BOOK REVIEW.
In this day of much advice to employers of labor by
well meaning philanthropist who is ignorant of the
conditions which the entrepreneur m-ust face, and
whose only merit is that "his heart is right," it is a
pleasure to ''meet up" as the Missouria_n says, with a
man, who, knowing both sides, discusses the question
of !he relation between employer and labor, with
calmness, clear insight and excellent judgment. Those
.who are studying the question will find Prof. Nicholas
Paine Gilman) recent book,"A Dividend to Labor," a
study of Employers' Welfare Institutions, an interesting, instructive and helpful book. Part I. is a study
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$~
000.
.
HENRY L. LITTLE, General Manager Pillsbury•
Washburn F. M. Co ., Lt'd.
JAMES W . RAYMOND, President.
GILBER'l' G. THORNE, Cashier.
GEO. W. VAN DUSEN, Van Du8en Elevator
System .
.
0. C. WYMAN, Wyman, Partridge&Co., Whole•
sale Dry Goods.
of The Modern Employer; Part II. takes up the study
of the Welfare Institutions of Germany, France,
Belgium, England, and the United States; and Part
III. discusses profit sharing to-day, giving prominent
examples where the plan is in successful operation.
Published by Houghton, Mifflin & Company, Boston
and New York.
"How to Prepare for a Civil Service Examination,"
is a valuable book for those who are planning to
enter the civil service. No matter what branch of
the service you intend to enter you will find full instructions in this book regarding age limit, qualifications, salary, hours, the necessary preparations to
make for examination, time and place of examinations, a list. of recent questions and -answers, and
much other valuable information, indispensable to a
candidate for a position. Hinds & Noble, Publishers, 4-5-13-14 Cooper Institute, New York City.
GOLD BRICKS.
Three young men have been doing the farmers in
the vicinity of Oskaloosa. They represent themselves as special census enumerators from the agricultural department and after asking a number of
questions get the farmer to sign his name to the ,
document. Later on it turns up at the bank, the
villians having adroitly_ printed rn a promissory
note just over the signature.
A smooth .swindler has been quite successful near
Roland in selling the farmers large bills of goods
remarkably cheap- taking a small per cent. in advance merely to show good faith on the part of the
customer. The advance money is all profit for the
goods never arrive.
Tlf_f_ NORTIIWESTERN BANJ{ER
IO
0 ~ ~--
c
August, 1900.
--
ONSERVATlVELY p
of this institution.
rounded with all the
safet
IOWA BANK REPORT.
The following is the consolidated statement of both
the state and savings banks :
Auditor Merriam's statement of the condition of
state and savings banks in Iowa at the close of business June 30th, as· issued, shows that the phenomenal
prosperity which has been a feature of the banking
business in Iowa for many months continues. In the
two classes of banks mentioned the deposits since
February 13th have increased $8,869,208.38.
The following tables show the condition of the 226
savings and 214 state banks on June 30th :
SAVINGS BANKS .
AssetsBills receivable .............................. $· 52,604,126 09
Gold coin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
784,027.00
Silver coin.......................... . ........
163,550.25
Legal tender...... .. .. . .. .. . .. . . .. .. .. .. . .
l,4!H,897 60
Credits subject to sight draft .......... - ~ ...... 12,089,712 8/
Overdrafts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
354,386.10
Real and personal property . ... :.............
l,8l5,425 97
-----Total ass_e ts ............. . ............ $ 69,274,125.88
Lia¢ilitiesCa pita1 stock ... . ............................ $ 8. 745,100.00
Dne depositors............ . ........ . . . . . . . . . . 58,208,115.98
Due banks and others............... . . . . . . . .
86.058.53
Surplus.. . ............................ . ......
951,441 .81
Undivided profits.... . . . .....................
1.283,409.56
Total liabilities ....................... $ 69,274.:25.88
STATE BANKS.
Assets Bills- receivable ....... . .................... $ 31.542,674 53
Gold coin....................................
640 .966.51
ilver coin......................... . . . . . . . . . .
173,936.18
Legal tender............... . . . . . .. . .. . . . . .. ..
1,213,954.20
Credits subject to sight draft............. . . .
8,747,110 06
Overdrafts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
602,957.48
Real and pers~rnal property...... . . . . . . .
2,096,6_99 19
Total assets ........................ . .. $
Liabilities Capital stock .............................. $
Due depositors ........ . ....... ; .. : ...........
Due banks and others................ . .......
Surplus......................................
Undividerl profits . ..... .. .............
45,118,298.15
Total assets.......... . . ...... . ........ $114,392,424.03
Lia.bilities Capital stock ..... . .......................... . $ 18,054,900 00
Due depositors.............. . ................ 91,147.056 88
Due bnnks and others .......... ;.............
926.137.40
Snrplns..... . .. . .. . . . . .. . .. . .. .. .. .. .. . .. .. .
1.968 979 55
Undivided profits...................... . . . . . .
2,295,350 20
-----
Tvtal liabilities ....................... $l14,3U2,424.03'
The following statement, made at the close of business June 30, 1900, shows the following changes in
the condition of the banks, as compared with their
statements made at the close of busin_ess February
13, 1900:
AssetsBills receivable-increase ................. . $
Cash and cash items- increase...............
Credits subject to sight draft - increase . . . . . .
Overdrafts-decrease........ . ...............
Real and personal property- decre.ase.......
2,231,964.73
309,301.42
6,616 225.39
237,580 84
46,093 46
Total assets-increase ....... . ........ . $ 8,873,817 24
Liabilities - •
Capital stork - in<'rease ; . . . . . . . . . . . . . . . . . . . $
Due dep')sitors-increase ................... .
Due banks and others - decrease .... . ....... .
Surplus-increase ........................... .
Undivided profits-increase ................ .
317,n00 .00
8,869 208.38
906,333,81
195 888 5!-J
367,553.98
Total liabilities..:__ increase ..... . .. .. .... $- 8,873 ,817.24
9,309,800.00
32,938,940.90
840,078.87
1,017,537.74
1,011.940.64
Total liabilities .................. . .. . . . $ 45,118,298.15
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
AssetsBills receivable .... . ................ . ......... $ 84 246,800.63
Cash and cash items........... . . . . . . . . . . . . . . 4,409.331.74
Credits suhject to sight draft . . . . . . . . . . . . . . . . 20,836,1"22.93
Overdrafts....... . ..... ;............... . . . . . .
957,343.58
Real and personal property. . . . . . . . . . . . . . . . . . . 3 942, 125.16
INCH.EASE IN BANKING FIGUH.l~S.
The following statement of state and savings banks
since 1890 shows the · number, amount of deposits,
capital stock, and total liabilities, as taken from the
THE NORTHWESTERB BANKER.
August, 1900.
UE NATIONAL ...
SAFE ,AND LOCK
co.
-=--=== CLEVELAND, OHIO,= =
nANUPACT U RERS OP
NATIONAL
CANNON-BREECH
SCREW DOOR
BANK SAFE ,
THE
ABSOLUTELY BURCLAR PROOF .
Fire Proof Safes, Fire and Burglar Proof Safes,
Fire Proof Vault Doors, Vault Fronts, Linings, Safety Deposil
Boxes, Etc. Estimate11 furnished on application.
CHICAGO BRANCH
Southeast Cor. of ·S ta te and La ke Sts .
Near Masonic Temple.
. - - - . -.--FRED SCHRAUDER, Manager
repor ts r:µade to the auditor of state
each year:
DATE.
June
June
Jt1ne
June
June
June
June
J.une
June
June
J1111P
30~ 1890
30. 1891
30, : 892
30. 1893
30. 1894
21), 1895
30, 1896
30, 18\:17
30. 18!:18
30, 1899
30. 1900
/
No.j DI<:Pgs~:oRs I
c::~~;L
m
June
of
j LIABILITrns.
164 $25,770,992.!:161$ 8,82-1,243. 12 $ 37,489,81-J0.2:i
205 33,781, 70d 67 11 026,3H8 73
48.~54.287.84
245 42 476 395 8 12.734 200 00
59 ,011.405 14
32,') 42,1.51,4~4.35 14,484,120.00 60 854,842 f{l
350 41 .987.836 .05 15.67t.800.00
6L.271,266 82
364 43 .827,136 55 16, 16l,30!l.00
64.045,057 89
370 43.966,793 79 16.411,400 00
64,6~8.481 .08
372 45 442,t>(\:14 16 16 ~87,200.00
65,799,440 96
383 5H,3:36,458 62 16,447.000 00
79,697.645 07
402 77,405 668 16 16,874 170.00
98,704 549 03
440 91.147 056 .88 18,054,900 00 114.392,424.03
GENERAL NEWS AND NOTES.
The National Bank of Commerce, Kansas City,
Missouri, had deposits of nearly $24,000,000 June
30th. Capital, $1,000,000; surplus and porfits, $578,000.
In ten years the American Trust and Savings
Bank of Chicago has grown nearly 400 per cent.
During the past year it has had nearly a 2 5 per cent.
growth. Their deposits now aggregate $12,597,743.
The United States treas,ury now holds more gold
than it eve r did before. Th e figure is $427,000,000
in round numbers. In the days of President Cleveland the story was altogether different and almost
every day there was a new low record.
The Saturday Evening Post of Philadelphia has
made another remarkable offer to send their journal
one year for one dollar. The Post is the most valuable weekly journal for the average man that
published. It is worth many ti-mes the cost.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
W. S. Witham, a Georgia capitalist, who owns
thirty-two banks and a number of cotto n mills in
that State has had I 17 of his employes in New York
City on a vacation trip for which he pays all of the
expenses. "Down with the heartless capitalists."
A summary of all the national banks in the
United States at the close of business June .29, 1900,
has just been completed by the comptroller of the
currency. The aggregate assets of the banks is
shown to be $4,944,965,623, the highest ever reached
in the history of the national system.
·
We are pieased to call the attention of our readers
to the new advertisement on page 2, of the Commercial National Bank of Chicago, one of the strong
financial institutions of that great city. A glance at
the officers-and directors of this bank will be a sufficient guaranty of its standing and ability to care for
the business entrusted to it. At the time of making
last report it had deposits of t_we nty-one million
doll ars .
Banks have rec e ived five dollar silver certificates
in th e center of which is the head of a Sioux Indian.
In regard to the placing of the head on the bill Acting Secretary Vanderlip says: "We wanted a picture
of a typical Indian, and one which would contain a
number of decorations so as to be difficult to coun- ·
te rfe it. In the picture of Onepapa, a Sioux; we
found what we wanted, a representative type, with
an e laborate headd ress of feathers, bi ts of fur and
the like, arranged so as tQ be very difficult to reproduce. It was taken from a collection of portraits
at the bureau of ethno logy, Smithsonian institution,
where we examined a great number of portraits before selecting this one. I never heard of Onepapa
before and cannot give his history."
2
THE NORTHWESTERN .11.ANKER.
August, 1900.
THE " TOY BUILD! G," SIOUX CITY, OCCUPIED BY THE FIRST NATIONAL
BANK AND F ARMERS LO AN & TRUST COMPANY.
As will be seen from the above cut the "Toy
Building," of Sioux City, is one of the most solid
and substantial structures to be found in Sioux City a city noted for its beautiful office and commercial
buildings. But it is not of the building -we wish to
speak - it speaks for itself - but of the business
done in the building.
The building is occupied by the First National
Bank and the Farmers' Loan & Trust Company, two
of the strongest financial institutions in the Northwest. The First National Bank, as many of our
readers know, is the oldest national bank in northwest Iowa. It was organized in 1870 with a capital
of $100,000, succeeding to the business of Thos. J.
Stone & Co., private bank€rs, so that its career as a
banking institution reaches back to the very' earliest
days of Sioux City's banking history. The bank
always had the confidence of the people of Sioux
City, but like many another institution during the
hard times it found itselt in difficulty and in 1896
failed, but the following year was reinstated by the
comptroller under the same management. Its lost
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
business, however, did not return as was hoped and
during the spring of I 898 negotiations were opened
with the officers of the Farmers' Loan & Trust Company for the sale of a large block of stock ; no conclusion, however, was reached until in March, 1899,
when the transfer was made. After which an a-ssessment was made upon the stockholders, producing
$150,000 which was used in .charging off its real
estate and doubtful assets. From the time it became
known that James F. Toy, the president of the
Farmers' Loan & Trust Company, was behind the
First National, the bank began to acquire its oldtime prestige and business increased rapidly. I.ts
recent statement shows over $1,000,000 in deposits
and over $500,000 in cash. There is no cleaner bank
in Iowa than the First National of Sioux City and it
is the intention of the management to keep it so.
On the first of July last, the Sioux City banking
department of the Farmers Loan & Trust Company was transferred to the First National.
James F. Toy, who organized the Farmers Loan
Trust Company and whose hand has guided it, is well-
THE NORTHWESTERN BANKER.
August, 1900.
13
r., ~;:.,,,,.o~;-..,ivi~i~';;..,,,,,~;'ti~~·;i'""B;~h'''''~''l"~' '~"'l'~'l'" 'l'" "I'" '~
-
:O:SS ~OJ:~:SS., J:O~ ~
ARTHUR REYNOLDS, President,
£. A. LYND, Vic~•President.
A. J. ZWARY, Assistant [ashier.
(U.S . DEPOSITORY.)
STATEMENT OF CONDITION JUNE 29, 1900.
:,
4
The Des Moines National Banlt
Solicits a Share of Your Business
uoon the Basis of sound and
Progressive 5anRing, Liberal and
Accurate Treatment.
CORRESPONDENCE SOLICITED.
i.
-
:,4i
I
. . . RESOURCES ...
Loans ,
U S. Bond s,
Overdrafts ,
B anking H ouse.
Other Real Estate,
Stocks and Securities,
Premiums Paid,
.
.
.
.
Cash and Due from Banks and U. S . Treasurer,
Total,
.
.
.
.
.. . LIABILITIES ...
Capital,
.
Surplu s,
.
Undivided Profits,
Circulation.
D ividend Unpaid
D eposits,
T otal
$1,921,681.54
250 ,000 00
4,567.90
63,541.29
5,430 00
20,996 20
7,250 00
825 .195 12
$3,098,662 .05
$300,000.00
30,000 00
12,045.42
50,000.00
9,000 ,00
2,697,616.63
$ 3,098,662 05
-
~l11,,11lh11,,11llll11,11lll11,,11lll11,,11lll11,,11lh1 .. ,,1lll11,,11lll11,111lll11,,11lll11,,,11l111,,,,1l11, .. ,1~l11, ,111l111,,11lll11,,111l111,,111l11 .. ,111h11 .. 11lh11,,11lll11,,,,1l111,,11lll11,,11lll11o,,11l111,,,11l111,,11lll11,,111l1" ,,,1l111,,11lll11,,11lll11,,11l ll11,,11lll 1,, ,,1lll11o111lll11o,11 lll111,11l il11,,11lll11,,111l1111 ,11lll11,,11I~
IOWA NEWS AND ~01'ES.
known as a man of energy and shrewd, clear judgment, no): given to advertising what he is going to
do, but has formed the habit of doing what he sets out
Every Iowa bank not now a member of the State
to do, and doing it well. . What he has already ac- Association should remit five dollars to the treasurer, L.
complished for the Farmers Loan & Trust Com- F. Potter, of Harlan, and "get in.'' .As a matt8r of
pany is an evidence of what is being done and will prqfit and loss in money you can't afford to stay out.
be done to make the First National Bank one of the
strongest financial institutions in the West. He is
A new bank building is being erected at Sheffield.
ably assisted in the bank management by T. A.
Black, cashier, who by long experience, fitness and
A new bank is in process of organization at Ames.
wide acquaintance is well qualified to fill that reA bank at Rose Hill, Mahaska county, is talked
of.
sponsible position.
Work is progressing on the new bank building at
Des Moines Clearing House.
~ediapolis. ·
•
Th e Farmers' Bank of Glidden was opened for
The report of the Dei Moines Clearing House for the week
business July 16th.
just ended, as compared with the same week last year, was
as follows :
The Cascade Ban~ has increased its capital from
· 1900.
1899.
$25,000 to $37,500.
Monday .........•............. $ 229,046.53 • $ 211,833.82
226,293.64
Tuesday ... . .............. . .
214 643.19
A Savings bank with $25,000 capital has just been
265, 71U.79
Wednesday ...•............. .. .218,343.88
organized at Lowden.
147,477.88
Thursday .................... . 202,510 35
Friday ....................... .
Saturday ..................... .
195,803.31
213,297.92
131,406.82
143,755.54
Totals ........... ........ . . $1,285,295.63
$1,0u4,837.04
July 31st there were 3,858 National banks in
existence with capital of $631,108,095, holding gov. ernrrtent bonds amounting to $294,948,930 and having circulation of $286,447,434. The bonds of each
class on deposit to secure circulation were as follows:
- $ 1,496,500
Loan 1904, 5 per cent.
Funded Loan 1907, 4 per cent.
15,426,950
Loan 1925, 4 per cent.
8,715,350
Loan 1908- 1918, 3 per cent.
9,159,780
Funded loan 1891, 2 per cent.
8,227,550
- 251,922,800
Consol~ 1930, 2 per cent.
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
The deposits in the Savings Banks at Dubuque,
Jun e 30th, were $312,000.
J. H. Bennison is now vice-president of the First
National Bank of Lenox.
The Farmers' Bank of Titonka are talking of reorganizing into a savings bank .
D eeds to over $25,000 worth of farm lands were
fil ed at Sioux City on the 13th inst.
Th e T ama County Bank of · Gladbrook will soon
move into a fine new bank building.
The bank at Olds has been sold and the new proprietors will make it a savings bank.
The Taylor-McGowan Bank at Bloomfield has
been fitted up with elegant new furniture.
A bank is being organized at Dedham, to b<;
opened as soon as a suitable building is erected.
THE NORTHWEST.ERB BANKER.
. 14
}c~:;~~:o; {~~~~~;;~:s.:·:;· t
August, 1900 .
.:i!ll 111111lh11, 'II II111, ,111l1 II' , 111 I11,, ', 11 I111o,, 11 I11,, ', 11 I11,,, II II11,, 'II II11,, ,, 11 I11,,,, 11I11,,,111 I11,,Ill II1, .. I II II111, ,111 I111, ,111 I111. ,,11! I11, ,111I 111, ,1111!:.
i$falc ~£mrtfy ,Sank
~ioux lRa:pibll, .1loroa.
1
"4'
~ T.
.i
~
op
w. BARHYDT, l'RESIDliNT.
w. E. BLAKE, VICE-PRESIDENT.
J. L. EDWARDS,
CASHillR.
H.J. HUNGERFORD, AssT.
1_:_·__
=
Loans,
•
- $222,708.75
Cash and Sight Exchang ,
37,987.04
Bank Building and
R eal Estate,
6,759.35
Revenue Stamps
71.c9
BURLINGTON, IOWA.
SEND US YOUR COLLECTIONS.
CASH.
--~-
_
&
~lll''"lll"''"lll11•11111111,111111111•1111111••1111111••1111111••1111111••11111111•1111111••11q111••1111111••1111111••11111111•1111111•·11111111•1111111•,.11t"''"lfF
J. H. Jenks is now president of the Avoca Bank,
in place of E. H. Hunter, of Des Moines, resigned.
J. H. VanScoy, formerly W\th the Bank of Moorhead, has been elected cashier of the Bank of Afton.
Oliver Henderson becomes cashier of the new
bank at Gladbrook and has sold his elevator business.
We understand that J. W. Alden is now the sole
owner of the Farmers & Traders bank at Shenandoah.
Earl W. Brown, cashier of the Sheldon Bank was
married July 20th to M-iss Agnes O'Brien, of St.
Paul.
The clearings at Sioux City for July were $4,034,763.30; for corresponding month last year, $3,536,686.37.
Th e Cascade Bank has amended its articles of incorporation and increased its stock from $25,000 to
$37,500.
The Bank of Rake, at Rake, organized by Emmetsburg parties is expected to open about Sep·
tember 1st.
One hundred and seventy shares of the First National Bank of Manfhester were recently sold at
$120 per share.
E. E. Peck, one of the proprietors of the German
Bank of Luverne, was married recently to Miss
Bertha Harrison.
A. C. Miller, cashier of the Home avings Bank,
and other Des Moines people are organizing a bank
for Dallas Center.
Hon. Phil. Schaller, of Sac City, well-known to
many Iowa bankers, was married last month to Mrs.
Catherine Fishman.
John B. Phelps, a prominent business man, for a
lo rig time a director in the Dave n port
ational
Bank, died recently.
Lyman Whittier, of Whiting, has resigned as president of the Castana Savings Bank and ~ . T. Day,
cashier, succeeds him.
The contract for building the new opera house
and bank building at Williams has been let, the contract price being $13,140.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
!!
August 1, 1900.
RESOURCES.
LIABILITIES.
Capital, Surplus,
Undivided Profits,
Deposits,
Total
'
g
Total ,
$267,526.23
C. B. MILLS, PRESIDENT.
A.H. HULETT. VICE-PRES.
ADELBERT TYMESON, JI{ ., CASHIER.
R. G. HULETT, Ass'T CASHIER .
.
The Hedrick Savings Bank has filed amendments
to its articles of incorporation, decreasing the capital stock from Sw,ooo to $10,000.
The Io.wa State Savings Bank, at Creston, has
deposits in excess of $260,000. The. last statement
shows the bank in splendid condition.
The Delaware County State Bank of Manchester
shows a continued healthy growth over former statements. Its deposits are over $317,000.
A. S. Needham, assistant cashier of the Union
ational Bank of Ames has resigned to go to
Henry, South Dakota, to open a bank.
The comptroller has approved the Des Moines
ational Bank, of Des Moines, as reserve agent for
the ·First National Bank of Pomona, Cal.
Cashiers, bookkeep rs a_nd clerks of the Citizens'
National Bank of Davenport enjoyed their regular
annual banquet at Schuetzen Park recently.
The Continental
ational and the Commercial
ational bank~ of Chicago, are approved as reserve
agents for the Citizen's ational, Cedar Falls.
The Des Moines banks may take the entire issue
of $400,000 Polk county 3¾ per cent. bonds, although the rate is so- low as not to be tempting.
The First
ational Bank of _;t\1:anchest r, in its
last statement show deposits of about $265,000.
The general condition of the bank is excellent.
Hon. C. H. Mc icier, of Mason City, is a success
in politics as well as in banking. He will cast one
of Iowa's electoral votes for McKinley this year.
Edward McDonald is now vice-president of First
National Bank of Coon Rapids; H. C. Haeberle,
second vice-president First National, Manchester.
With a capital of $25,000, surplus of $IO,ooo, and
profits of $3,400, the Citizens Savings Bank of Atlantic had, June 30th, deposits of nearly $285,000.
A smoot~ young man passed forged checks on
several Des Moines merchants recently, making
small purchases and getting cas·h for the difference.
The clearings of Davenport banks for the week
just past amounted to $796,476.12 as against the
sum of. 585,068 for the corresponding week of last
year.
1
August, 1900.
THE
THE NORTHWESTERN .BA.NKE.R.
CONTINENTAL NATIONAL BANK, oF Cmmo.
I
ST A T EMENT OF CON DITION AT CLOSE OF BUSINESS,
.Recounts of Banks
and Bankers . . . .
Solidttd .... ... .
29 , 1900 .
FRIDAY, J UNE
. . . . Resources ....
Loans and Discounts,
Other Stocks and Bonds,
.
.
U. S. Bonds to secure Circulatron, .
Overdrafts,
Real ·Estate, .
,
.
.
.
.
Due from Banks and U.S. Treasurer,
Cash,
Total,
.
$15,930,249.87
870,995.17 $16,801,245.04
700,000,00
ll,455 56
40,1!50.39
$7,609,658.. 85
6,709,363.6o 14,319,022.45
,
I •
, ~8~4
. . . . tiabilltiu ....
• • Officm ••
JOHN C. BLACK, President.
ISAAC N. PERRY, Vice-President.
GEORGE M. REYNOLDS, Cashier.
IRA P. BOWEN, Assistant Cashier.
BENJAMIN S. MAYER, Assistant Cashier.
j
@IJI
{Ji
!
\$
Capital Stock Paid in,
Surplus Fund,
.
Undivided Profits , .
Circulation, .
Deposits, .
.
.
.
Total,
.
.
.
.
.
..
.
.
.
.
.
.
A general foreign exchange business transacted . Travelers' circular letters of credit
issued, available in all parts of the world.
The deposits of the Des Moines Savings bank
have reached four and a half million dollars. They
had cash on hand August I 5th over two million
dollars.
The CenterviHe National Bank, with a capital of
$50,000, had, June 30th, loans of $126,000; deposits,
about $ I 45,000 ; surplus and profits (net), over
$17,500.
A. F. Balch, the Marshalltown banker, is doing
Europe and being done by the appreciative natives.
· It is es timated that it will tak e sixty days to finish
the job.
State and Savings Bank deposits of Iowa are now
about $92,000,000, an increase of about $9,000,000
since February. They hav nea rly quadrupled in
ten years.
.
Th e First ational Bank of Lyons has bought th e
Gage Block and wi11 soon occupy it with th e bank.
Th ey have been in th e ir prese nt location nearly
thirty years.
The First National Bank at Tama, with a capital
of $50,000, had, when reporting, a surplus of $50,000;
net undivided profits, $22,345; deposits, $258,327
well loaned out.
The First ational Bank of Lyons has purchased
and is going to remov e to the building now occupied
by th e Citizen's National f?ank which is to be dis'continued soon.
Mr. H. L Harrison of th e Bank of Hampton, was
marri ed August 2nd at Dubuqu e to Miss Pea rl G.
Langstaff, daughter of Capt. L. M. Langstaff, city recorder of Dubuque.
The Security Savings Bank at Cedclr Rapids had,
on June 30th deposits of $928, I 14. 19. They paid a
dividend and had on hand nearly $22,000 surplus
and undivided profits:
G. W. Blazer, late of Ida county, will open a bank
at Brooks about September 1st, to be known as th e
Lfank of Brooks. Associated with him will be ·c. E.
feregrine, of that city.·
W. B. Oaks' salary as cashier of th e State Bank
of Silver City has been raised from S1,300 to $1,500
a year. The bank paid dividends amounting to IO
per cent. the past year.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
.
$ 2,000,000.00 .
400,000.00
317,964 31
7 0,000.00
28,454,609.13
$31,872,573.44
W. R. Braasch, assistant cashier of the Citizen's
National Bank of Norfolk, Neb., was recently the
guest for some tim e of Cashier Mast of the First
ational Bank of Dave nport.
Articles of incorporation have bee n filed by
th e Lytton Savings Bank. It has a capital of $10,000.
H. H. Fitch is pres ident; M. G. Brockman, vicepresident and F. Schug, cashier.
The printed proceedings of the fourteenth annual
meeting of the Iowa Bankers' Association are ~ut
and mailed. The pamphlet is _well gotten up.
Thanks to Secretary Didwiddie.
J. A. Ekeroth recently sold his interes t in the
Commercial State Bank of Essex and purchased a
farm. He will continue for the present to occupy
his position as assistant cashier.
F.· H. Hahne, presid ent of th e state bank of
Schalle r, Sac county, died August 4th, two weeks
after his return from California, where he had gone,
hoping to regain his failing health.
Edd R. Guthri e, of Indianola, has been elected
cashier of th e Citize n's Bank of Milo inplace of C.
M. Condit, who resig ned to go to Winterse t where
he has purchased a set of abstract books.
The four banks and the Leavitt &. Johnson . Trust
Company, at Waterloo, on June 30th had a capital of
$350,000; surplus and net undivided earning, $233,000, and deposits of nearly two and one-half million
dollars.
The Wapello State Savings Bank at Wapello, had
June 30th, deposits over $110,000; surplus _and u~<livided profits nearly $4,000. John Otto 1s president; J. F .• Herns, vice-president, and W. H .i Colton,
Cashier.
S. M. Leach, cashier of the Adel S tate Bank in his
report of June 30th shows deposits of near.ly $232,000;
capital $50,000; undivided profits nearly $9,000. He
is very strong in cash resources, having over $I 14,000
on hand.
·
'
Charles E. Walte rs, ex-state bank examirier, and
one of th e bes t expert accountants in the West, is
now located in Omaha where he may be found by
any one desiring their books untangled or a new set
well started.
THE NORTHWESTERN BANKER.
16
GERM1\N S1\VINGS
B1\NK,' 01\VENP6RT, 16W1\.
CASH CAPITAL $500tOOO.OO.
August, 1900.
STATEMENT, JUNE 30, 1900.
ASSETS.
Loans - ------- -- ------- ------- · -------------------- $5,710,456.o6
Cash on Hand and in Banks-- --- -------------- --- 593,~7.23
Cash in Transit _______________ : ____________________
1 1 ~•.
Real Estate and Furniture, Fixtures- -------- -- ---7.. 97 4
Total Assets _____ ______ ______ _________ ________ $6,489,567.42
l.'t9
LIABILITIES.
~~!J.r; •;~~~~~\\: i-:ii:\\~~:~::~:~::::~~\\~::i\:: !~:E ~
SI'
DIRECTORS.
· OTTO ALBRECHT.
H. H. ANDRESEN.
F, H. ORIOOS.
H. LISCHER.
JENS LORENZEN.
T. A. MURPHY.
Total Liabilities ____ ---·______________________
H. O. SEIFFERT.
CHARLES N. VOSS.
L. WAHLE,
During the month of July !~e. First National
Bank of Forest City declared a chv1dend of 14 per
cent. which represents the net" ·earnings since J anu, ary, 1900. They report a brisk demand for money
at 8 per cent.
An Iowa bank cashier has skipped out without
taking a single cent of the institution's money and
leaving his accounts all in first-class shape. The
average Iowan is nothing, if not original.- .Des
11
.Moines Capital.
James F. Toy, president of the First National
Bank and Farmers Loan and Trust Company, of
Sioux City, with his family has gone for a vacation
to points of interest along the line ·o f the Ca~adian
Pacific railroad.
The First National Bank of Algona, at its statement Jun e 30th had a capital of $50,000; surplus
and undivided profits of $12,500; deposits over
S165,ooo . Ambrose A. Call is president and Wm.
A. Ferguson, cashier.
The last statement of the First National Bank of
Tipton ,shows a surplus of $15,000; undivided profits
of $26,000 and deposits of nearly $300,000. ' verily
Cashier Moore and his fellows have a considerable
pull with Gen. Prosperity.
The Red Oak National Bank, of Red Oak, made a
very fine statement at the last call, having with a cap"ital of S100,ooo, surplus and undivided profits of over
$50,000, deposits of over $420,000. · It has national
bank notes outstanding of $100,000.
In its statement at last auditor's call the Mahaska
County State Bank, at Oskaloosa, have deposits of
about $407,000, surplus $15,000, and net profits nearly
$17,000. The various items of the statement show
a very prosperous and well managed bank.
The Marengo Savings Bank has had a prosperous
season and made a good showing at the last call,
having $234,000 deposits, with surplus and profits
nearly $15,000. We notice it has been fortunate in
keeping its funds well loaned up for the season.
The generous offer of P. M. Musser, a wealthy
lumber and saw mill owner of Muscatine, of a donation of $30,000 for a public library, the city to maintain the same, was submitted to a vote July 12th and
the majority in favor of acceptance was over 1200.
From an extremely neat statement sent us we
note that the State Security Bank of Sioux Rapids
has increased its 'surplus to $4,000. August 1st it
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$6,489,567.42
H. H. ANDRESEN, President.
H. LISCHER, Vice-Pres
CHAS. N . VOSS, Cashier.
J. F. BREDOW, Ass't Cash.
had over $233,000 of deposits. President C. B
Mills has built up a substantial and profitable business.
The First National Bank at Waterloo, at the close
of business, June 29, 1900, made a very good statement with capital stock $50,000. They had surplus
$50,000; undivided profits $42,000; deposits over
$560,000. Henry B. Allen is president and F. J.
Eighmey, cashier.
June 30th Davenport banks had loans and discounts of $15,092,659.87; deposits, $15,900,807.39;
cash resources, $471,696.29. The deposits equal $400
for each man, woman and child in the city, a remarkably good showing, indicating the prosperity
of the community.
C.H. McNider, cashier of the · First National Bank
of Mason City, is to be congratulated on the fine
statement made by his bank in response to the last
call.
I ts surplus and profits were over $50,000
and deposits nearly a million dollars ; cash resources
of nearly $375,000.
The officers of the Crawford County State Bank
have purchased the German Bank of Schleswig
which they will run, having secured the services of
Em-il Kruger, present clerk of the district court to
manage the institution They expect soon to put
up· a new bank building.
W. P. Manley, president of the Security National
Bank of Sioux City, has gone to New York City to
attend a bond committee meeting. Mr. Manley is
one of a committee of five to secure the general use
of the uniform employes bond adopted by the
American Bankers Association.
The deposits of the First National Bank of Chariton June 30th were nearly $900,000, with a capital
of $50,000; surplus and profits about $40,000. It
probably has more profitable use for money than to
increase its circulation, as it has but $12,500 of
national bank notes outstanding.
As the busy season approaches in which the number of collections are largely increased, we would
call the attention of those who have not a card in
our special list, to it, as a good medium through
which to get themselves quickly and reliably
known. The business it brings will soon pay for a
card.
The Oskaloosa National Bank has been doing a
good bll"Siness as is evi d enced by its June statement
in which it shows undivided profits of $27,345.52
August,
1900.
THE NOR'IHWEST.1£RN BANKER.
17
/PTHE NALJMAN COMPANY /P
Successors to BECK, NAUMAN & WATTS CO .
MANUFACTURERS OF
~TllISTilIG
BANI\ FIXJTIU~ES.
PLANS, SPECIFICATIONS ANO ESTIMATES
FURNISHED ON APPLICATION • .
We also·Make All Kinds of Office and Store
fixtures, riate Glass Show Cases, Etc.
Write us, THE NAUMAN COMPANY , 315· 327 Cedar Street, Waterloo, Iowa.
ne t ; also ~urplus of $20,000, deposits $620,000 . Thi s has been purchased and refitted with modern fur
is a very fin e showing for a bank of $50,000 capital. nishings, making one of the best banking rooms in .
W. H. Kalbach is president a nd C. E. L ofland that city.
cashier.
Following is a table showing the bank clearings
· The Crawford County State Bank, at the time of at three Iowa cities for July and seven months:
its last statement, had deposits of nearly $350,000;
SEVEN MONTHS.
I
JULY .
undivide-d profits, nearly $9,000. · Like many others CLEARING HOUSES. 1 •90. I 1899 .
1899
I
1900.
I
it evidently experiences difficulty in keeping its sur- Davenport ....... 1$4,319. 7821$3,579, 1851$26.244,6 Ial$23,700,3i5
plus funds employed, as we notice it had on hand Des Moines . . . . . . 5,405,076 5,895,538 44,224,264 41,765,688
cash resources of more than the amount of its cap- Sioux City .... . .. . 4,034,763 3,n36,686 33,182,081 27,899,303
ital, which is $100,000.
Sidney Swn: "Even the bankers are not all disThe new bank of Windsor & Casady, at Valley hon est, thieving rascals. In Fremont county five of
Junction has been opened with ample capital and these horny-handed gentlemen, who take interest
e xpe ri enced and wealthy bankers as its owners. and discounts, are selected as delegates to the difThey have a fin e new bank building with every ferent conventions by th e democrats of Fremont
needed appliance for safety and convenience J. county. If these fellows were republicans they
W. Mullane, formerly cashi e r of the JEtna Savings would be money-grabbers and oppressors of the
bank, will be the cashier.
poor people."
Eagle Grove has fQur banks, two of them state
The Farmers' Saving Bank, of Leland, Iowa, was
banks , one a national and one a savings bank. Their recently organized with a paid up capital stock of
last quarterly reports show they are in a very pros- $10,000. The officers and directors are B. A. Plump e rous condition, th e aggregate deposits being over mer, president; J. D. Leland, vice-president; Chas.
half a million dollars . No small per cent. of these I saacs, cashier; 0. Michaelson, W. P. Buren and L.
d eposits represent th e savings of railroad men and T. Thompson. This bank has the co-operation of
the surplus of prosperous farmers.
35 of the most influe,ntial farmers of Winnebago
A bank is to be opened in Searsboro about Sep- county as stockholders.
tember 1st. A banking ho·u se has been purchased
The August statement of banks to Clearing House
and arrangements are rapidly being completed for A ssociation show the banks that are members of
opening. The name of the institution will be the Clearing House have:
Bank of Searsboro; capital stock, $5,000. The
Deposits ..................................... $15,746,758.67
officers will be W. L. Darland, president ; M. E. Loans
.. .. .. . ..... .. .......................... 10,510,117.54
Darland, vice-president; S. A. Darland, c~shier.
Reserve................ . . . . . . . . . . . . . ·. . . . . . . 6,221, 104.26
SINCE LA. T REPORT.
At its last statement th e Coun cil Bluffs Savings Deposits increased............... . ............ . 777,000.26
Bank had deposits of about $1,400,000, with a capi- Loans decreased. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
46,516.41
tal of $I 50,000. Th ey had surplus and profits of Reserve increased. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 816,910.16
over $5 I ,ooo. The offic ers of this bank, a than P.
Nashua is still stirred up over the disappearance
Dodge, _president; John Beresheim and Aug. Bere- of the cashier of Lipman Losier's Bank, Mr. C. J.
sheim, vice-president and cashier resp ectively, hav
Poole. The disappearance occurred nearly three
seen much of. th e wonderful developm ent of Iowa. weeks ago and since then nothing has been heard
The Peoples' Savings Ban k at Vinton has opened f.rom him. Th e missing man's accounts are in perits doors for busin ess with a cash capital of $50,000. fect con dition, his habits exemplary, domestic affairs
Col. A. S. Chadbourne, president; J ohn Young, vice- pleasant, and the only reason which is assigned for
pres id ent, and John Lorenz, cashier. The banking · his strange action is that he may have lost his mental
house of th e former bank of S. H. Watson & Sons balance through overwork.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
THE NORTHWESTERN BANKER.
18
~ uuuu uu•.t.•..t.t..t.UUUUUUUUUUUUUUUUUU UUU.t..t.Ut..U
~
I'
I
:I
I
:I
..t.t..t.UUU.t..t.U.t..t.Ut..t.U~U.t..t.t,tt••t•••ttttU.t..t.Ut..+U.t..t. ♦-t.tttt•t•t••·•~♦-t.♦-t.UUl)f
WITH A PAID UP CAPITAL OF $300,000.00
~
August, 1900.
... DEPOSITS NEARLY $3,300,000.00
i
AND TOTAL RESOURCES OF OVER $3,600,000.00
~
Chi peoples 'Crust and 6a"ings Banh,
e
~
CLINTON, IOWA,
-
.
Offers its services to individuals and corporations having Banking business in the State of Iowa, promising
courteous treatment, prompt returns for collections, and the lowest rates consistent with sound and profitable
banking methods.
OFFICERS AND DIRECTORS.
ARTEMUS LAMB,
CHAS. F. ALDEN ,
L. L~mb,
-
-
-
-
T. M Gobble,
•
President
Vice-I>resident
V. Langan,
J. H.
G. E.
INGWERSEN,
LAMB,
-
S. W. Gardiner,
-
i
Cashier
Ass't Ca:Jhier
A M Jngwer.:ien.
-
-
II
-
-
-
1'.lnTSnnnnnTinfT""TinTinnn-i •• n ............ ,,,nnnnnnn~nnnnnnnnnnnnnnnnnnnnnnnnnnnnn ••••• :••••
C. E. Erickson has taken the pos1t10n of cashier
of the Bank of Rake, Winnebago county, and .expects to begin business August 15th. The bank is
owned by E. B. Soper, C. A. Smith, A. H. Keller,
and W. C. Stuckslager, of Lisbon, and consequently
will be a secure institution. Its personal responsibility will be · not far from half a million. Mr.
Erickson is a good man and will doubtless work
out a big business for the bank.
Geo. M. Reynolds, cashier of the Continental
National Bank of Chicago spent a short vacation
with relatives and friends in Des Moines and other
Iowa points. Mr. Reynolds has been quite as successful as a Chicago banker as he was a Panora and
Des Moines banker. He has been the treasurer of
•the America.n Bankers Association for two terms
and so satisfactory has been his service that he will
probably continue in that position.
The following are new Iowa banks: Hillsboro
Savings Bank; capital, $10,000. (Will build a new
bank building.) The Savings Bank of Afton; capital, $20,000 . . State Bank of Gladbrook; capital,
$50,000. Yorktown Savings Bank; capital, $IO,ooo;
Ex-senator Lewis is president and Charles Tomlinson cashier. Marshalltown State Pank , Marshalltown: Citizen's State Hank, Sumner. Cromwell
State Savings Bank; capital $12·, ooo.
E. M. Coppage, cashier at Houghton's bank at
Red Oak, has returnecl home after an absence of
nearly four weeks spent with a party of friends who
took a delightful trip extending over nine states.
The party explored the Black Hills region, spent a
week in Yellowstone Park, went up through Montana and Idaho to Seattle, \Nash., from thence to
Pendleton, Oregon, then to Salt Lake and over the
Rio Grande railway to Colorado Springs and Manitou, Colorado.
Among the 'many new railroad enterprises instituted in Iowa during the last two years none have
been more successful in every way than the Davenport, Rock Island and Northwestern-the river
road connecting the two former cities and Clinton.
The new road has been a great success from its
opening. Our banker friend, Mr. E. E. ~ughes,
vice-president of the First National Bank of Boone,
is the gene ral manager of this road. Mr. Hughes "is .
a practical railroad man of long experi~nce as well
as a successful banker.
New Iowa National Banks: E~change National,
Leon; capital, $35,000; E. D. Dorn, president, A. W.
Boone, cashier. First National, Pleasantville; capital,
$25,000.
Citizens National, Cedar Falls; capital,
$50,000; L. H. Severn, president, W. N. Hostrop,
cashier. First National, Milo; capital,· $25,000.
First National, Coon Rapids; capital, $25,000; conversion of State Savings Bank. First National, ·
Lenox; capital, $30,000; Phil Ridgway, president,
W. S. Bennison. cashier. First National, Graettenger.
First National, Titonka; capital, $25,000.
The Iowa State~Fair this year promises to be by
far the best ever held in the state. Secretary Van
Houten has worked early and late to secure the best
possible line of exhibits and other most interesting
attractions. Iowa has never had a more prosperous
year as will be shown in every exhibit. The State
Agricultural Society has been prospering, too, and
getting ready for a record breaking fair. Special
rates may be had on all the railroads. The date for
. the fair is August 24th to September 1st. No citizen
of Iowa can ?-fford to miss this splendid exposition.
The abstract of the condition of the national
banks of bes Moines at the close of business on
June 2.9th, as reported to the comptroller of the currency, shows the average reserve to have been 28.81
Several banks in southwestern Iowa are the vic- per cent. against 28.28 per cent. on Apr'il 26th; loans
tims of a horse buying swindler who took a year to and discounts increased from $4,674,968 to $4,982,883;
establish confidence before beginning operations. stocks and securities decreased from : $204,514 to
At Red Oak he succeeded in getting cashed a $3,000 .$195,527; gold coin increased from $141,620 to
.check on a Kansas Citv bank. At Shenandoah he $148,060; total specie decreased from $269,279 to
gave Oveatt Bros a bogus check for $3,200 on a Red $235,651, combined money reserve from $591,398 to
Oak bank. A bank at Clarinda also cashed a $2,000 $494,656; individual deposits from $2,637,590 to
check· for him, a gentleman at Coin also helped along fz,543,712.
The following is the gist of the decision of the
with $1~500. Arnhei_m, the swindler has vanished
but strenuous efforts will be made to discover him. Commissioner of Internal Revenue regarding taxa
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
19 •
THE NORTHWJlSTERN BANKER.
August, t9Do.
ltepoi.·t or the Condition or
Northwestern National Bank,
• Sioux City.
.
Iowa.
C::1.pital and Surplus,
Deposits,
ABEL
$120,000.00
750,000.00
ANDERSON, Presi<lent.
· C. E. HOI!'LUND, Vice-Prest.
JOHN SCOTT, JR., Cashier.
SPECIAL ATTENTION GIVEN TO SIOUX CITY COLLECTIO S.
We Solicit Accounts of [udividuals, Firms and Banks.
The Cedar Rapids National Bank of Iowa.
Comptroller's Call, June 29, 1900.
lt~SOUltCl<~S.
Loans and Discounts .. . . . . . . . . . . .. . ... . ........... .. . . f, 707,805 .74
Overdrafts...... .. . .. . .. .. .. . . . . .. .. .. . .. .. .. . .. .. . .. . . . .. ..
1,994.29
1l:i~:~
~::tltft~t~~~~-~·. _a_t_~-~~ . . ·.·. . ·:: :: :.:::::::· : : ·:: ::::---- :·: :::::
U. S. Bonds, at par .. . .. .. .. . . .. .. . . ..
. ........... f,230,000.00
Due from Banks .. . . . . .. .. . . . . . . . . . . . . . . . . .. . .. . . .. 789,553.02
Cash and U . S. Treasurer . ...... . ...... .. ...... . .... 134,251.28 1,153,804.30
Total....... .. .. . .. . . .. . .. . . . . .. .. . .. ...... . ........ . .. $1,891,654.33
.
LIABILITIES.
Capital . ................ ...... .. ... . .... . .... . ............... . $ 100,000.00
Surplus and Profits, net . . . . . .. .. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . ..
61,148.30
Reserved for Taxes ...... . . . . . . . . . . . . . . . . . . . . . . . . .
3,300.00
Dividends Unpaid .. .. .. . .. . . . . .. . . . . .. .. . . . .. . .. . . . .. . .. .
12.00
Individual and Bank Deposits . . .......... . .... .. .. . ......... . . 1,561,194.03
United States Deposits .. . .. . . .. . . . . . . . . .. .. . . . .. .. . . . . . . . . .
66,000 .00
Circulating Notes . . . . ........... : . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
100,000.00
Total...... . . . . . . . . . . . . . . . . . . . . . . . . . .
. .. . . . ..••..... . f,1,891,654.33
Special Attention to .' ... . .. . .. • ••• { !!d~~~~!;~~:~ounts
HENRY L. TOLMAN, -·
MICROSCOPIST.
GEO. 8. LANE,
MINNEAPOLIS, MINN.
CAREFULLY SELECTED COMMERCIAL PAPER
AND COLLATERAL LOANS.
Microscopical and Chemical Examinations of Forged or Altered Documents; of
adulterations of Food, and of Blood Stains,
Textile Fabrics, Woods and Minerals. Photographs and Enlargements made when
desired.
ROOM 929, CHICAGO OPE-RA HOUSE BUILDING
REFERENCES :
ANY MINNEAPOLIS BANK.
CHICAGO.
tion of a bank's surplus : u If any part of the surThe comptroller of the currency has given out
plus of a hank is set over to the account of • profit an abstract of the reports of tlre co-ndition June 29th
and loss,' or • undivided profits' it must still be taken of the 173 National Banks in Iowa, exclusive of Des
into account in reckoning the special ta?( of the Moines. Compared with reports of April 26th,
bank. Even actual undivid ed profits, if they are by when there were 171 banks, it shows that the total
formal action of the bank authorities ordered to be reserves increased from $77,559,251 to $79,281,447;
employed in th e banking business instead of being loans and discounts incressed from $43,798,684 to
divided among the stockholders, must be included $43,855,548 and cash reserve decreased from $4,122,in estimating the amount of special tax the bank is 090 to $3,879,630, of which gold holdings fell from
required to pay."
$1,751,404 to $1,648,881. Individual deposits deThe Mutual Life and Trust Company, a legal re- creased from $43,318,654 to i42,226,493, and the
serve old line life insurance, organized under the average reserve held advanced from 30.0 S to 31. 18
'
laws of Iowa, are offering one of the best endow- per cent.
The Burlington people take a peculiar interest in
ment investment policies issued. They guarantee
to return to the investor the full amount of all events that are transpiring in China these days, bepremiums paid and twenty per cent. additional to- cause Admiral George C. Remey, in command of the
gether with the full share of all profits and surplus. American fleet in Asiatic waters, is a native of this
They guarantee four per cent. per annum on gold city and grew up and received his schooling there.
bond policies besides giving the investor his full His brother, John T. Remey, president of th e
share of all profits and surplus. Good agents National State Bank, has a beautiful home on orth
wanted. Write the home office, Equitable 13uilding, Fifth street, where the admiral often visits when
ashore. Only last week the admiral reminded the
Des Moines, Iowa, for particulars.
A special party of Iowa, Minnesota and Dakota people of his affe'ction •for •Burlington by forwarding
bankers, their wives and daughters is being organ- . a check for $500 to the Institute College, of which
ized to attend the National Bankers' Convention at he is a graduate and which has recently become
Richmond in October. Those who have attended affiliated with the University of .Chicago.
Cashier Pearsall, of the Citizens' National Bank,
any of these National meetings need not be told of
the joys that are kept in store for the weary money- has handed us a circular from a large banking firm
changers, their sweethearts and friends. Southern in Chicago, and who are also large dealers in bonds,
hospitality will this year strive to outdo the mag- offering for sale German Empire Government 3 per
nificent entertainment furnished the -convention in cent. bonds at 90c. on the dollar and interest, and
recent years. D_o n't miss it. Plan to go_ and join the same in 3¼ per cent. bonds at 98c. on the
the Iowa party. Write Geo. G. Hunter, manager of dollar and interest. This shows that money is tight
in Germany, for on the same date the United States
the NORTHWESTERN BANKER, for particulars )
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Tl{E NORTHWESTERN BANKER.
·20
'
August, 1900.
11
Confident that its equipment for the handling of bankers'
acc~unts is as good as the best . • •
THE NATIONAL
BANK OF THE REPUBLIC
OF ' CHICACO,
Continues to offer its services to the business public, promising all the courtesies that are usually expected from a fair
dealing an·d obliging banking bouse.
..,....... .
O FFI CERS.
JOHN A. LYNCH , PRESIDENT.
w. T. FENTON, VICE-PRES . AND CASHIER.
J, H . CA'IIBRON, H. R. KBNT, As s t, C&11hiere,
R. M. MoKINNBT, Second Asst. Cashier.
Che first ~ ational Sanh
of Sioux City, Iowa.
aaaanaaa
OFFICERS:
JAMES F.. TOY, President.
A . GRONINGER, Vice-President.
T. A. BLACK, Cashier.
I. C. BRUBACHER, Ass't Cashier.
I
Invites correspondence looking to the establishment of business relations.
Condensed Statement
of JULY 6. 1900.
LIABILITIE S :
8i~~f!t"(on:·:::::::::::·::::::::::·:::::::::::::::::::::::.:::::::::::·$ 2~8:zgg_.gg
Deposits................................ ......................... ... .. 1,023,642.26
Total ........................................................... $1 ,278,642.26
RESOURCE S:
B OA.RD OF DIRECTORS .
FRANK 0 . LOWDBN, Lawyer.
JOHN A. LYNCH.
ALEXANDER MACKAY.
E. B . STRONG, of the late firm
of Foss, Strong & Co.
J.B. GitBENHUT, Capitalist. Louis F. SWIFT, of Swift & Co ,
Packers.
A. M. ROTHSCHILD, of A. M.
Rothschild, & Co.
HEf'(RY SIEGEL, of Siegel, Cooper & Co.
TRAC C . DRAKE, of Alfred L.
Baker & Co.
W. T.FENTON.
2 per cents. were· quoted at 1.03¾, 3's at 1.10¾', and
4's at 1. 34. There is no b~tte'r comparison between
the two countries than thi~, for, according to the old
saying, ''money talks.'' The United States leads
the world and is bound to keep it up.- Des Moine,S
Leader.
The total assessed valuation of the state is now
divideg as follows : Real e tate and
buildings, $1,573,073,$48; personal, $395,614,956 ;
railw.ays and sleeping cars, $184,687,203
These
figures represent a,ctufll values. For taxation purposes they are divided by four, making a total taxable value of $538,343,927. The 2.6 mills levy now
authorized is designed to raise for geneial purpoess
the sum of $1,400,000
The present assessment
shows an increa&e in the valuation of Iowa property
during the year amounting to 'I, I 7,700,022. The
showing furnishes an index of wonderful prosperity
S2, I 53,375,708,
The many friends of J. H. Ingwersen 1 cashier of
the Peoples' Trust and Savings Bank, Clinton, are
urging him to become the democratic nominee for
congress in the Second district. The writer was
born and brought up in this district and understands
the local political conditions there pretty well. If
Jo-e Ingwersen is nominated he will come very close
to election. He is a clean~cut, succ;essful young
business man who would serve well the interests of
the country. Mr. Ingwersen is a gold democrat,
but in accord with his party on every other issue.
He would receive the support of a large number of
- German voters, formerly identified with the d emo
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
U. S. Bonds ......................................................... $ 50, 800 .00
25,000.00
Banking House ............................................. ..
Loans ........... ....................................................... . 690, 702.78
Cash and Exchange ........................................ . 507,1 39,48
Total... ....................................................$1 273, 642 .26
aa
n•a••
Collections promptly made and remitted for at
lowest rates.
.. ,.., ____. . , _ . ~ ~
cratic party, but who are not in harmony with the
free silver fallacy. The d emocrats of th e Second
district could nominate no stronge r ca ndidate than
J. H. Ingwersen of Clinton.
The following reserve agents for Iowa National
banks have been approved since our last number:
Iowa National Bank, Des Moines, for Bedford
National Bank, and for · First National Mason
City, and National Bank of Decorah ; Hanover
National, New York, for First National, Arm strong; Citizens National, Des Moines and Continental National, Chicago, for First National,
Ayrshire; National Park, New York, for First
National,
Indianola;
Metropolitan
National,
Chicago, for First National, Lenox ; National Bank
of Republic, Chicago, for First National, Malvern;
First National, Chicago, and Chase National, New
York, for First National, Moulton ; Bankers' National,
Chicago, and Chemical National, New York, for
First National, New Lo'n don; Valley National, Des
Moines, for Leavitt & Johnson National , Waterloo;
Corn Exchange National, Chicago, for First
National, Waterloo; Contine·n tal National, Chicago,
for First National, Wesley; Western National, New
York, for First National, Lost Nation.
·
At its annual meeting in July the Dickinson County
Bank, at Spirit Lake, made a number ot chan ges. A.
W. Osborne was elected president ; Geo. E. Pearsall, vice-president ; F. H. Daly, cashier ; H. H.
Buck, assistant cashier. The B eacon says : '' By
his own choice Mr. Osborne retires from the active
August,
THE NORTHWESTERN BANKER.
1900.
-ESTABLISHED 1884-
SECURITY NATIONA·L.BANK.
SIOUX CITY, IOWA.
United States
Depository.
Capital, $250,000
Surplus, 50,000
W. P. MANLEY, President.
C. L. Wn.IGHT, Vice•President.
F. M. CASE, Cashier.
F. C. SWAN, Ass't Cashier.
The LEADING HOTEL
IN IOWA.
Savtry'
t,oust...
Soutb Daltota Land..
160 acres Aurora ,County, S. D., ................8 500.00
160 acres Brule County. S. D., ............. ... 600 .00
160 acres Charles Mix County, S. D., .... 640.00
160 acres Spinx County, S. D., ............ ... 700.00
160 acres Clark Gounty, S. D.,.................. 800.00
160 f!,Cres Miner County, S. D., .................. 1,000.00
160 acres Kingsbury County, S. D:, ........ 1,120.00
This land is too cheRp, every piece described will in
time be used for farming. The man who buys now
will never regret it.
IOWA'S BEST.
Choice Iowa farms in the famous Missouri Valley,
the richest soil and best corn land in the state.
160 acres Missouri Valley land, with two sets of buildini s, level Ja-nd, fine soil, good windmill and tank,
four miles from town. Per acre, $30.
400 acres fine hay or farmin2 land, within six miles
of four railroad towns, no improvements, Lest of soil,
$33 per acre.
747 acres, 400 acres cultivated, eight-room house, fair
barn, all fenced, four miles from town, $25 per acre.
The Missouri Valley is narrow, and there is only a
small portion of the first bottom land that is for sale.
I have about twenty pieces that are genuine bargains.
If you want the best, see this land. Clear titles.
No trades.
HILAND P. LOCKWOOD,
DES MOINES, IOWA.
Rates $3.00 to
$4.50 per day.
FIRST-CLASS CAFE IN CONNECTION
WITH HOTEL.
WM. H. BRINTNALL,
President.
JOHN BROWN,
Vice·President.
WM. A. TILDEN,
W. L. BROWN,
Manager.
21
SIOUX CITY, IOWA.
The editors of the ''Northwestern Banker" recommend
Mr. Lockwood and advise those seeking investments to
investigate what he has t.<' offer. His office is in the Toy
building, a cut of which is in this number.
THE DROVERS NATIONAL BANK,
UNION STOCK YARDS, CHICAGO.
£apttal,
~lS0,000.00.
*
Surplus
Profits,
AND
Cashier.
To Banks and Bankers HaTin~ More or Le•s Live Ntock Bnl!!line!!!l!!I,
this Bank Offers Exceptional Advantaces. and Solicits Cdrrespondence
as to Terms a11d Facilities.
.$103,000.00.
management of the institution, but his election as _capital city is ;ow the financial center of the state.
president evidences the confidence of his associates But the statement of the Clearing House associaand materially fortifies the bank in the community tion does not include all the money on deposit in
where the name of A. W. Osborne is a synonym of the city. There are two banks not members of the
honesty and financial strength.
The immediate association, holding considerable money as deposits
direction of affairs is now in the hands of F. H. Daly. and it is •estimated that nearly $3,000,000 are carried
This young man took a modest position in that bank as time and special deposits by the Loan and Trust
some eight years ago. He 'has steadily grown in companies doing business in D es Moines. Des
efficiency and in the confidence of the stockholders Moines bankers say that no other city in Iowa can
and the community. He is a financier of tact and • boast of five banks with to exceed Sw,000,000 of
ability and a man of sturdy character. He will be deposits .in the aggregate· and with over $1,000,000
sure to make a good record for the bank and for to the credit of the smallest of the five. A promhimself in his position of enlarged responsibility. inent banker in discussing the situation recently
The Dickinson County Bank is one of the strong in- said: "l doubt if there is a city of 80,000 people
west of Chicago that can show bigger bank deposits
stitutions of this region."
D eposits in Des Moines banks, members of the than Des Moines, and what is more the end has not
Clearing House association, now amount to about been reached yet. Country banks are just coming
to realize the importance of the city as a reserve
$15,000,000 and the claim is made with a considerable degree of confidence that the deposits are now point and the Iowa banks are quite generally openlarger than. in any other city in Iowa, and that the ing accounts with local institutions. This means
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
THE NORTHWESTER.N BANKER. ,
22
CAPITAL STOCK, $100,000.00.
August,
1900.
OF1''ICERS.
G. L. DOBSON, President .
D. G. DDMUNDSON Vice-President
CALVIN MANNING, 2d Vice-President.
GEO E. PEARSALL. Treasurer. ·
P. M. STARNt.S, Sec re tary .
N. E. COFFIN, Counsel. •
DIRECTORS. ·
Leslie¥· S!1aw,9o verno r of Iowa: Geo L. Dobson. Secretary of State; Geo. E .
Pear~all, Ca.sh ier C1t1zet_1s Nat ' I Bank: D. G Edmundson, President Security Loart
:md Jrust Co., Des .\1010es . Io~a; N. E. Co,ffin: of Oudtey & Coffi n , Attorneys; PT
M. Starnes. Secreta r y, Des Momes, Iowa; Calvin Mann10g. Cashier Iowa National
!3ank. Ottumwa. low~: F. W. Simmons, Wh olesale Hardware, Ottumwa, Jow:i; DrS: J. Pat_rerson, Cashier O~nlap Bank, Dunlap, Iowa: Lewis Haas, Cashi e r Wood .
bme Savmgs Bank, Woodbme, Iowa.
- -- - - ·- - - - DO Y QU WAN T to own a rn-Year Gold Bond ? DO Y OU V\TANT
to pay tor it 10 mstallm ents ? D O Y OU WANT to ha ve your unpaid installments ca_nc£>led at your death. and one -third more _cash than you have paid givi:n
your family or cs ta ~e: DO Y O U WANT an mvestment which will be as safe
as Iowa farm mortgages can mak e, held in trust by the state of Iowa, and which will
be guaranteed to you or your estate? IP YOU DO apply tor a
10-YEAR ACCUMULATIVE GOLD BOND
FROM THE
Insurance Menwit.hGood Re eords .willfindit tothP.irinterests
to a ddress t h e Home Office, Crock r Bldg., De s Moines, Iowa.
7
NATIONAL LIFE AN D TRUST CO., DE ~ MOINES. IOWA.
An absolutely new cont ract in the field and one which it will pay yo u to examine.
that the deposits will increase in Des Moines banh he igh t, weighs about 200 pounds, is of sandy com •
just in proportion as the deposits of th e country plex ion, with full, red face, and looks like a stock
It is thought he is the same man tha
banks increase. I expect to see the deposits in man.
banks that are .mem·bers of the Clearing House last year work ed H. T. Reed, of Cresco, Iowa, fo
association pa·ss the ~16,000,000 mark this year and $2,000 und er th e nam e of Lewis W. Carter; th e I owa
to see the capital stock of some of the banks State Savings Bank, of Fairfield, for $1,500 as Henry
increased to permit the carrying of the increased Park er; Jam es E. Bromwell, of Marion, for ! 1,600
deposits." The July statement of the Clearing . as Abram B. Wood; Schaller & Hart for several
House assoc iation shows that the banks mem- thousand as Gordan; Frank A. D earborn, of Wayne,
bers of the association had $14,969,758,41 in de- N eb., for $1,500 as Robert E. Breton; and two simposits, $10,556,693.95 of loans and $5,404,194.10 re- ilar cases were re ported in 1898, with a description
serve. The deposits had increased $561,262.73 dur- very close to this.
ing the month, loans had decreased $23,326-46 and
the reserve had increased $559,841.20.
About the 7th o'f July a smooth swindl~ was perpetrated upon H. B. Pierce, of Ro·c k Rapids, Iowa,
by a man who gave the name of Oscar Hurd. He
came to Mr. Pierce and said he had a piece of land eighty acres - in Buchanan county that he had just
traded to John H. Shutte, of Illinois, for his quarter
section in Lyon county, Iowa, and was to pay in
exchange $2,800. He having about $800 in cash 1
wished to make a $2,000 loan. He had an abstract
made by Mr. Pierce ·and brought a de ed which had
been filed for record in the record e r's office in Lvon
COLlllt~, Iowa. Everything was straight and businesslike, and Mr. Pierce made a loan, the transfer being
made of record, the deed of J ohn H. Shutte be ing •
acknow ledged before W. Opdyke , notary public of
Buc hanan county, Iowa, and fil ed July 7th. Mr.
Pierce paid to Oscar Hurd $2,000 by check on the
loan on h is new possession. Wh en th e ch eck passed
through the hands ·of the cashie r of the Lyon County
Bank, his attention was called by some peculiar look
or action of the man, and a couple_ of hours late r,
when Mr. Pierce was in the bank, he asked him in ·
regard to the transaction.
Mr. Pierc e said Mr.
Shutte did not come out here from Buchanan county
on account ·o f pressing business at home, and sent
the deed here for record and that the transfers might
be made by Mr. Pierce. The cashier said he had
Mr. Shutte's signature as he had don e some busin ess
wi.th him, and on examining th e ge nuine signature
and comparing it with th e one on the deed, it
showed a cleve r forgery. Steps were imm ed iate ly
taken to apprehend Oscar Hurd, but he had gone.
Oscar Hurd is about 45 years of age, of medium
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
~1: II·:~~edLI~!.~~"
1,
w, ''" S,and fo, ,ttachi"g
to R oll and Flat Top
Dt' sks
Simple, Effective.
eheap, and
11
-
Just The Thing."
Ten Times Better Than a
DROP CABINET.
CHEAPER THAN THE CHEAPEST
Cut s hows stand, with machine, at end
of desk. When used swings round to front
of d esk.
Can be attac hed to any Roll
ur Flat Top D es k, AT EITHER ·
END. Saves space (see cut),
Time. Labor , and is adapted
for use with any make of
machine wherever a Typewriter is used.
JUST COMPARE ITS PRACTICAL ADVANTACES.
1.-SAVES TIME. No ext ra work before co mmencing to operate machine,
:ilw:iys a t hand ready for use.
2.-NEATNESS. It is ve r y neat in :ippearance, being finished m the finest
stvle. :ind attractire in appearance.
3.- SA YES SI-' ACE. The savi ng of space is a consideration in many offices.
The Swi nging Stand takes up no floor space whateve r. Many persons
have all th e desk accommodations required. Then attach the Swinging- Stan d to one of the desks and you have something far better than
a Drop Cabinet.
4.-ALL MACHI ES. The Swinging St:ind is ad:ipted for us e with all
makes of machines. the machine rests perfectly qui et . th e stand be ing
capable of c:i rr ying 500 po unds
ls adjustable in height to suit the
convenience of any operator, child or adult.
5.-THE DESK A D SWINGING SI .-\ND ca n be used by two different
persons at the same ti me without interfering with each other.
6.-IMPROVED. The ew Model, with improvements. perfect construction and superior finish, make the SW INGING STAN D more desirable than ever before .
SPEC I AL OFFER .--We will ship one of these SWINGING STANDS,with
n eatly finished Oak Board q x 18 inches , with full directions for attaching to any desk. t1·ansportation charges vrevaid, to any railway station
in th e United St:ites . on receipt of $ 4 .50. Remit by P O or Express Money Order. Registe red Letter, or Bank Draft. Do not send
personal checks . Invariably cash with ord er . Money refunded if not
:is represen ted. New descriptive circular iust off the press. Send for
T OL E DO CABI NET CO ..
it. Manufactured by
524 The Nasbv, TOLEDO, OHIO,
We manufacture Postage-Saving Cabinets. Send for cata1ogue .
August, 1900.
THE NORTHWESTERN BANKER.
-
-
'
.
sup p LI E s
BA NK
'
'·
23
~be ~ionccr ~rcgg ,manufacturing JBcpartmcnt1,
PAUL,
SAINT
THE
LARGEST
MA IL
ORDER
MINNESOTA
P R I N T I N G
·H O U S E
I
THE
WEST
LITHOGRAPHING, ENGRAVI .NG, BOOK-MAKING, P"RINTING
INTERNAL REVENUE
.MIN.SESOTA. NEWS A.ND NOTES.
The First National, Bemidgi, capital $25,000, has
been authorized.
The Merchants Bank of Duluth has gone out of
existence. The depositors were paid in full.
C. M. Sprague is now vice-president and G. H
Hosmer assistant cashier, First National, Ada.
The Northwestern National Bank of Minneapolis,
has been approved as reserve agent for First
National Bank, West Concord; Merchants' National
of St. Paul for First National, Detroit.
The First State Bank of Ashby opened its doors
for business August 1st. The institution is capitalized at $10,000 with C. B. Wright of Fergus Falls as
president and J. L. Everts of Ashby as cashier.
Banker Clements, of La Crosse, a·ccused of wrecking the Fillmore County Bank of Preston, Minn.,
has been sentencea to ten years more on a second
indictment. He was given five years on the first of
March.
In behalf of the American Exchange Bank of
Duluth a requisition has been issued by Governor
Lind upon Governor Stone of Pennsylvania for the
return of William Baker, who is alleged to have
received $500 in payment of· a certificate of deposit
for $50 through the paying teller's mistake. Baker
is under arrest at Erie, Pa., and notification of his
whereabouts was recently sent to the Duluth chief
·
of police.
The report of the condition of the national banks
of St. Paul at the close of business June 29th, as compared with the previous statement in April, shows
that individual deposits have decreased from $12,539,499 to $11,730,782. Loans and discounts aggregate $11 ,725,027, a gain of . more than 385,000.
Average reserves _held are 35.02 per cent., against
37.06 per cent. in April. The present holdings of
gold coin aggregate $2, l 59, IOI, a gain of about
.
$100,000.
DA.KO'fA. NEWS A.ND NO'l1 ES.
The Bank of Edgemont, S. D., capital $5,ooo, has
been incorporated.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
STAMP
IMPRINTING
0. J. Coons, cashier of the Bank of Bowdle, S. D.,
is visiting friends at Sac City, Iowa.
Last month burglars made an unsuccessful attempt
to rob the safe of the Bank of J;Iarrison, S. D.
Wheat is being marketed at Madison, S. D. It is
thrashing out from 16 to 20 bushels to the acre.
A new and strong bank has been organized at
Tabor, S. D., by the owners of the Lesterville State
Bank.
Alcester, S. D., has voted in favor of bonding the
school district to build an elegant schoolhouse.
Work will commence at once.
The public schools of Vermillion have adopted
the plan of a school savings bank, the deposits for
the first year being nearly $800, the withdrawals
about $160.
George H. Bergher, paying teller Ogden, Utah,
State Bank, was ·killed in Pine Canyon by falling
from a cliff 500 feet high. His parents reside at
Aberdeen, S. D.
The First National of Minnewaukon, capital
$25,000, Chas. H. Davidson, Jr., president, 0. I.
Hegge cashier, and First National of Harvey, capital, 25,000, Robert W. Aiken president and August
Peterson cashier, are new North Dakota banks.
The Merchai1ts Bank of Bemidji, recently ~us
pended, was to reopen about ~ugust 1st with increased capital. The depositors agree not to withdraw any money for three months, when one-half of
the deposit will be ,pa!d, and the other half at the
end of six months.
Receiver Edgerton, of the Yankton Savings Bank,
which was wrecked last December by the defalcation
of County Treasurer Pedersen, has declared a 20 per
cent. payment. As all the real estate of the bank is
still unsold the defunct bank bids fair to make at
least 50 per cent. payment to all creditors.
An abstract of the condition June 26th of the twenty-four national banks in North Dakota shows total
resources of $7,723,984 ; loans and discounts amounting to $5,330,032, and cash reserve to $376,769, of
which $I 50,477 was gold. Individual deposits were
$4,817,994, and average reserve held was 17.20 per
cent.
-
THE NORTHWESTERN BANKER.
August, 1900.
The ~EST In Rubber Stamps, Seals, Etc.
THE "TRIUMrH."
Self-inker, air-cushioned,
with or without dates.
Die, 1t x2-½ .
$2.50
With Date
and Die.
Air Cushion, Flexible Han.
dle, for Paid Stamp, etc.,
with or without Dates.
fHIS STAMP arranged
for Paid Stamp, with
Dates, $ 1.:25
Die, 1tx2 inches.
WE CARRY A FULL LINE OF
Rubber Stamps and Stamp Supplies.
YOUR ORDERS SOLICITED AND
FILLED ON SHORT NOTICE .
D6S Moin6S RuOOBr Stamo Works,
DES
MOINES,
Business at the government land office at Huron,
S. D., was unusually lively during the month of July.
The total number of .,.e ntries was 54, covering a total
of 9,257 acres. -The finai proofs numbered 74, covering I 1,577 acres, making a total for the month of
20,834 acres. The volume of business for the year
ending June 30th was greater ·than for any one year
since 1890.
The following are changes in national bank officers
since our last issue : A. H. Gray is now vice-president of American National, Valley City, N. D . C.H.
Condy, vice-president, Herbert Weeks and W. A.
Lang, assistant cashiers, First National, Cooperstown. G. H. Birch. •vice-president First National,
Fessenton. J. H. Ehlers, vice-president First National, Harvey.
A correspondent from Watertown, S. D., to the
Argus Leader says : 11 The banks here have more
money on hand than they know what to do with.
The farmers ' are making so much mon ey out of th e ir
crops that they do not have to seek loans, and the
banks suffer thereby. There is no demand for the
$6,000 which this county has just received as its
share of the school apportionment."
Ac.cording to the repo rt of the Comptroller of the
Currency regardin g th e condition of South Dakota
National Banks, June 30th, there was an increase in
deposits from $5,616,741 in April to $5,802,433 .
Loans and discounts aggregate $4,297,709, a decline
of about $90,000 sin ce April.- Present holdings of
gold coin aggregate $352,332, a ·gain of about $20,000.
Average rese rve h eld by the banks is 33.86 per cent.
The Northwestern National Bank, Minneapolis,
Chase National, New York, and National GermanAmerican, St. Paul, have been approved as reserve
agents for First National of Fessenden; Western National Bank, New York and Flour City
National, Minneapolis, for First National, Harvey;
Continental National, Chicago, for First National,
Mayville.-All North Dakota banks . The Hanover
National of New York and Continental National of
Chicago for First National, Centerville, S. D. The
National Bank of Commerce, New York, for Yankton National Bank of Yankton, S. D.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
IOWA!
NEBRASKA NEWS A.ND NOTES.
The bank clearings of Omaha for July were $26,336,384, a gain over la~t year of $755,868.
Hastings gained 39 per cent. in bank clearings for
the first week in July, 1900, over same week of 1~99.
L J. Dunn, former cashier, is now vice-president
and R. A. Harvey is cashier of the First National
Bank of Wymore.
The Nebraska Bankers Association will hold their
convention at Omaha September 25th and 26th during "Ak-sar-ben week."
C. B. Burrows is now vice-president and A. J.
Thatch cashier of the First National of Elgin. James
Fairhead assistant cashier First National, Syracuse.
J. L. Dunn cashier First National, Wymore.
BANKS, ~A.FES A.ND FIXTUUES FOR SA..LE--POSITIONS
[Reading l~cals in this ~olum_n will be p_rinted at a cost of soc. a line 10
words to the lme, for first msert10n: 25c. a lme for subsequent insertions.]
FoR SALE- A Hall steel chest, with Yale time
lock. Address B., NORTHWESTERN BANKER PuB.
Co., Des Moines.
FoR SALE-Bank in small town in Western Iowa.
Good reasons for selling. Address H. K., care
NORTHWESTERN BANKER.
FoR SALE.- Owing to a change of quarters, our
fixtures are for sale at a bargain. Address Elkader
State Bank, Elkader, Iowa.
FoR SALE-A good banking business; also a twostory block located in eastern Iowa. Address Business, cate NORTHWESTERN BANKER,
low A BANK FoR SALE-Choice of two good country
banks; unusual opportunity for use of small capital.
Address NORTHWESTERN BANKER, Des Moines, Iowa.
WANTED-Employment in a good country bank by
young married man; could invest $500 in bank. Address W .. care NoRTHWESTERN BANKER. Des Moines.
WANTED-Position in a good bank with prospect
of advancement as merited, by young man of experience, now cashier of country bank. Address, "CASHIER," care NORTHWESTERN BANK.ER.
THE NORTHWESTERN BANKER.
August, 1900.
~~~~~~~::r1
/;
i
This is not a Department Store.
Only Absolutely Reliable Goods
Handled. We Guarantee All Our
Goods to be Superior Quality for
the Price .JA.JA,JA,JA,JA .:,C.:,C,,,A.;A .:,C,,,A.:,C
Samples Sent Anywhere on
Request. Postage Paid.
5 Floors and Basement,88xl32 Feet,
About 2 Acres of Floor Space Used
Entire for Dry Goods and Carpets,
Millintry and Dressmaking JI ,JA,,,A
Advice on Fashions by Pari~ian
Dressmakers Free.
The
Sto~e
For
Everybody.
I
We want you to be loyal to your home institutions.
But when you can n ot buy satisfactori4y in your
own town, we ask that yo ur patronage be given to
an Iowa stor e. "In al l that is good, Iowa affords
the bes t," is as true of Dry Goods as of other
t hings .
Jtor;1sa:6me~~gy~o.
~
/!!1l!JJ@lllli'lt'l il3
G:-1.
lllll'fff-J!Jfl, /%Ii!$"
A Bit of H istory.-Ever smce Harns-Emery Co . opened a new
era in D r y Goods Merchandising eight years ago the store has enjoyed th e
greatest popularity. On October 3, 1899,firc was discovered in one corner
of the great store and in 20 minutes what had been the greatest Dry
Goods store in Iowa, was only a smoki ng heap. Two hours later tern porary offices were opened-2 weeks later a tern porar y store was opened 2
months later a comp lete new stock was ready for its old fri ends . Within
7 months a new store larger and finer than th e old was occupied, and
Harris-E mery Co. had again the largest exclusive Dry G@ods store in Iowa.
The New Store. - When the plans were under way we insisted
that the new stor e should be" Modern" in every sense of the word. Not
only is it supplied with its own power for ventilating and lighting, also for
the elevators and the pneumatic cash carri ers. It has patent prismatic
windows to make ever y part absolutely light with white daylight even to
the ·remotest part of the basement. There is a very pretty rest room with
easy chairs, etc ., where yo u can mee t a fri end or rest for a time. Stationery , toilet rooms, parcel check rooms, d epot deliveries, and all oth er
modern conveni ences are also free of charge to you . Don't fail to see
the finest r etail store in the state.
t:JiJII/JJIIJY,/JIJ.
Southeast
Corner
Seventh &
Walnut.
Shopping A i ds. - For those who buy in person we have supplied
the most rapiu and efficient change system and the most accurate tra nsfer system. :is well as the best possible light , so that no doubt may re main
of the exact color and q ualit y of anything purchased. For t hose unable
to come to the store we hav e this year the most really helpful lin e of
sampl.:s possible. The sampl es are put up in little books showing comolete lin es of colors in each weave. Ask concerning ''Good News" about
Dressmaking. It is a well known fact but worth r.:peating, that we pay
ex press charges on every purchase of 5.00 or over in th e state of Iowa.
Money back if not suited.
Sta te Pai r for 1900.- The managers of the Fair tell us that the
Fair this yea r will be by far the best ever held in th e State So many new
features have been added fo r this yea r that it will be almost like one of the
great expositions. Now we w~uld like to suggest that since the railroad
fares are so low you combine pleasure seeking with a satisfactory shopping
trip. Moreover, we pay r ebates on your railroad fare on all purchases in excess of $ 10. 00 Who knows but your trip might be free to yo u. All of our Fall
Lines both piece g-oods and re ady-to-we ar garm ents will be on displaJ' at
the time of the Farr. Why-not buy in D es Moines instead of Omaha, Chicago or elsewhere.
_,.,..._-",v_,_ _.°"'_"V'V'\,,VV'l_,__r.J"V'-,V"'_,_V'\,,VV'l_,__ _"V'-"rv'_.__,__ _._._,_VV'VVVVVVVV~_,_,_..,...,
.
l
WANTED --Position in country bank by · single
man
of 36 who can irlvest $1,400.
Wants to learn the
business and is willing to work hard for that purpose .
Address D. B. M., care NoRTHWE.ST.ERN BANKER,
NORTHWESTERN BANKER at Des Moines, he will learn
of an unusually good opportunity.
Neither will require ·large capital.
TWO IOWA: BANKS FOR SALE.
Des Moines, Iowa.
WANT ED-A young man with some experience as
bookkeeper and stenographer in country bank.
Answer in own handwriting, giving experience and
references.
Address BANKER, care THE NORTHWESTERN BANKER.
WANTED-Position in bank by young man, 21
years of age; had three years' experience in book
and counter work. Present employers as refer- ·
ence. Address, W. B. M., Care NORTHWESTERN
BANKER, D s Moines, Iowa.
WANTED. - Position in a bank in a good, live t o wn
in northwestern Iowa; would take s t ock or w o uld
assist .in organizing bank ; eight year s experience;
best of references.
Address B. B., care NORTHWEST-
· We can inform any of our readers who may wish to
buy a bank of two small, thrifty, well established
count r y banks that can be bought- one in the eastern
and in the middle western part of Iowa.
Best of
reasons for selling.
R1\W FURS Be U GUT.
• •
- - --316 FIFTH STREET,
experi·-
ence in cou·n t;y banking i'n Iowa, stock in a bclnk,
located in a town of three to five thousand in N .-W.
Iowa, with e x pectation to take cha r ge of bank.
Address, P. W. C., care NORTHWESTERN BANKER.
If any one wishing to purchase a country bank well
· established, doing a good business and for sale only
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
will
address
•
BETWEEN WALNUT AND LOCUST·
banker of considerable
for best of reasons
Mceabe.
THE LEADING AMERICAN FURRIER.
ERN BANKER, Des Moines, Iowa.
WANTED-Ev a
16 Years in the Fur Business
the
editor
of
the
MANUFACTURER OF
FINE FURS.
A laska Seal and Broadtail Persian Mink,
Electric Seal, in all the Leading Styles$
All kinds of Furs remodeled and repaired. Prices r easonable. Sealskin
Garments Redyed and R elined.
Estimates t urnished to Out-of-Town Customers.
THE NORTHWESTERN BANK.ER.
August, 1900.
SPECIAL LIST OF MINNESOTA BANKS.
ALPHABETICALLY ARRANGED BY TOWNS.
Showing Name of Bank, Town and County, Capital, Surplus and Undivided Profits, Names of Officers and
Special Facilities for the Traru-10ction of B usiness &itrusted to their· care.
ALBER'.I.' LEA,
( Albert Lea National Bank.
Capitftl, $50,000.
Freeborn County . . . . . Surplus and Un':1ivided Profit~, $12,000.
GRANITE FALLS,
lYellow ~1edicine County Bank.
Capital, $25,000.
Yellow Medicine Co.. .
Surplus, $5,000.
Genera.I banking business tran,acted.
Prompt a ttention paid to collections and other business entrusted to us .
F . H. Wellcome, P resident,
J . F. Langmaid, Vice-President.
Bert Winter, Cashier.
H. D. Brown, President.
"· R. P. Hibbs, Vice-President.
C. B. Kellar, Cashier.
AUSTIN,
{Austin Natio11al Bank.
Uapi1al, $50,000.
Mower County.. .. . : . Surplus and Pro~ts, $5,000.
G. Schleuder, President.
F. I. Ura11e, Vice-Presid,mt.
J. L. MiLchell, Cashier.
Prompt and careful attention given to all business.
REDWOOD J<'.A.LLS,
/Redwood County Bank.
Authorized Capital, $50,000.
Paid Up Uapital, $25,000.
•· ·· ··
Surplus, $2,000.
A. C. 8urmeister, President.
H. D. 8a.ldwin, Vice·Pr ... sident.
H. A. 8aldwin, Cashier.
·
Ge 1wral banking bus_iness transacted._ _ _ _ _ _ _ _ _ _ _ _ __
')Ultly
Redwood C'
BLUE EARTH,
{Farmers & Merchants State Bank.
Capital, $25,000.
Faribault. County . . . . Geo. D . McArthur. President.
Alex. Anderson, Vice-President.
Jos. S. Ulland, Cashier.
F. H. Davis, Assistant Cashier.
Minne sota farm mortgages and collections a specialty.
l
}'.A.RIB! UL'.I.',
Citizens National Bank.
Capital, $80.000.
Rice County. . . . . . . . . . Surplus and Profits! $1>0,000
MARSH.A.LL,
Lyon County National Bank.
Capital. ~0.000.
Surplus, $5,0C0.
C. B. Tyler, Pres1de11t,
D. D. Forbes, Vice-President,
{ John
G Schutz, Cashier,
W. S. Little, Ai:sistant Cashier.
Collections promptly attended to and remitted on day of payment.
Lyon COUD t Y · · · · · · · ·
MONTEVIDEO,
{ Citizens State Bank.
Capital, $30,000.
Chippewa County. . . . . Deposits and Profits, !128,000.
Establisheq 1879. Inco r porated 1890,
C. D. Griffith, P resident,
M. E . 'ritus, Cashier. ·
Western Minnesota aud eastern Dakota farm loan s. Especial attention
given to collections.
U11iou National Bank.
ROCHESTER,
Capital, $50,(IO0.
Surplus, $15,000.
E A. Knowlton, President.
W . L. Brackenridge. V ice-President.
A. C. Gooding, Cashier.
J oh n Hall, Assistant Cashier.
Special attention given to collections.
Olmsted County . . . . . .
W.A.SEC.A.,
{Peoples Bank.
Capital, $25,000.
Waseca County.......
Organize d in 1881
Hudson Wilson, President.
,
F. A. Berry, Vice-President.
Geo. Pease, Cashier.
Lynne Peavey, Assistant Cashier.
Special attention given to collections.
a s a State Bank.
E. C. Trowbridge, President.
R. P. Ward, Cashier.
F. M. Hailey, Assistant Cashier.
General banking business transacted. Collections a specialty,
F Arn tlONT,
\ Mart.in County Bank.
•
Capital and Surplus, $70,000.
Marion Couu1y... ... . . . A. L. Ward, President.
WORTHINGTON,
(Nobles C<'unty Bank.
,
In dividual Responsibility, $200,000.
N0 bles COUU t y . . . . . . . . E. A. Lynd, President.
Geo . Woblheter, Vice-President.
.
A. <J. Frey, Uash ier.
Oldest and largest bank in county. Farm loans and collections a specialty
GLENCOE,
W. M. Evans, Cas hie r.
A. W. Fagerstrom, Assistant Cashier.
Fa.rm Loans and Collections a specia lty.
{ Bank of Glencoe.
McLeod County. .. .... .
.
Bankin g business transacted.
Uapital, $50,000.
Surplus, $10,000.
G. K. Gilbert, President.
A. J. SnydE:r, Vice-President,
L. W. Gilbert, Cashier.
E. H . Carson, .Assistant Cashier.
Farm loans a specialty.
·················································································"···················-····································································································
Fine.st In The We.st.
New Management.
EQUITABLE TURKISH BATH · ROOMS
AND BARBER SHOP.
. . . . . . Equitable Building. eorner Sixth and Locust . . . . . .
OPEN DAY AND NIGHT .>&Clean, Comfortable Sleeping Apartments.JCExpert Bath Men from the Great Northern, of Chicago.
t:1rkisbt Russian, Eltctric J:i9bt. Eltctric, Plain and Plungt Batbs.
Marble Finished Rooms.
Mutual Phone 1366. Iowa Phone 107.
W.
J;.,
HINCKLE & CO., Proprietors.
··········································································································································································································'
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
August,
THE NORTHWEST.llRB BANKER.
1900.
SPECIAL LIST OF IOWA BANKS.
ALPHABETICALLY ARRANGED BY TOWNS.
ShmJ.Ying Name of B ank, Town and Ommty, Capital, Surplus and Undivided Profits, Names of Officers and
Special Facilities for the Transaction of B usiness intrusted to their care.
ADEL,
·
{Adel State Bank.
Da II as COun t Y · · · · · · · ·
·
f
First .National Bank.
CORNING,
Capital, $50.000 00.
Surplus u.nd U n divided Profits, $10,000.00.
Kossuth County. . . . . . Ambrose A . Cu.II, President.
D.
H Hutchins, Vice-President.
{ Wm.
Only National Hank 111
K. Ferguso n, Cashier.
Kossuth County.
C. A. Palmer, Assistant Cashier.
Prompt attention pu.id to all business e ntrusted to us .
BOONE,
Peoples Trust and Savings Bank.
Cu.pita!, $300,000.
:surplus and undiv ided profits, $58,000.
Artemus Lamb, Pre~ident.
Charl es F . A Iden, Vice-P reside nt.
J. H. IngwersP.n, Cashier .
G. E. Lamb, Assistant Cu.s hie r.
Muney to Joan on Iowa fa rm lauds.
Hank i n g in all its branches,
ALGONA,
CLINTON,
Cu.pita!, $50,000.
Undivided Prollts, $5,000.
'1'. J Caldwell, P resident.
W. H. Kinnick, VicP.-Preside ut.
S. M. Leach , Cashier.
{ First National Bank.
Capital, $100,000.
Surplus and Undivided Profits, $55,500.
S. L. Moore, President.
E. E . Hugh es, Vice-President.
J. H. Herman , Cashier.
·
Does a general banking and collecting business.
Boone County . . . . . . . . .
Clinton County
······
.
l
fCoruing State Savings Bank,
Capital , $35,000.
Surplus, $8,000. U. Profits, $4,765
F. Okey, Preside nt.
E. A. Scholz, Vice- P r esident.
F. L. La Rue, Cashier.
.
W. H . Clark, Assistant Cashier.
General banking business transacted. Farm loans a speciu.lty.
Adams County . .. .. ... lA .
CORWITH,
( First ~t ·te Bank of Corwith.
H aucoc k C01111 t Y· · · · · ·
I Capita l, $60,000.
~ o. H. Stilson, President.
B. Sapp, Vice-Pre~ident.
H. Standrfug, Ce.shier.
IL J.M.
L. H . Standrin~, Ass ' t. Ce.shier.
A general banking and collection business transacted.
lowa St.a te Savings Bank.
BEDFORD,
!Bedrord Bank.
Taylor County . . . . . . . . Capital and surplus, $60,000.
W. E . Crum , President.
Ed. E . Cass, Cu.shier.
Banking in all its branches.
1
{ The Castana Savings' Bank.
C.A.S'l. AN.A,
Capital, $50,000.
Surplus and Profits, $7,500.
W. 'l' . Day,, President,
S. D. Willits, Vice-President .
. C. 'l'. Hansen, ()ashier.
General banking business. Negotiators of choice Iowa farm Joan s.
Monona County · · · · · ·
CENTERVILLE
·
{The Centerville National Bank.
'
Capital, 1!50,000.
Surplus and Undivided Profits, $14,947.
F. M, Drake , President.
Jos. Goss, Vice-President.
G. M. Barnett, Ca.shier.
Does a general banking b u si n ess. Special attention given to collections •
Appanoose C0011 t y... .
j
CEDAR RAPIDS,
Security Saviugs Bank.
Linn County. ..... . . . .
Iowa farm leans a specialty.
CHARITON,
Capital, $.'i0,000.
.
Surplus and Undivide~ Profits, $20,000.
G. F. Van Vechten, President.
C. J. Ives, First Vice-President.
J. R. Amidon, Sec_ond Vice-President.
E. M. Scott, Ce.shie r.
Interest paid on deposits.
l
Capitnl, $50,000.
Surplus, $6,000.
.•...... l Johu Gibson, President.
Jas Griffin, Vice-President.
F. D. Ball , Cashier.
Scott Armstrong, Ass't Ce.shier.
General banking and mortgage loans.
CRESTON,
Union County
DANBURY,
}Danbury State Bank.
Uap 1tal, $30,000.
W00db ury Conut.y • • · • · \G odfrey
Durst, President.
P . J. Santee, Vice-Preside nt .
I. B. Su.ntee, Cashier.
DAVEN PORT
'
First National Bank.
·
Ou.pita!, $200,000.
Surpl~s a nd U!1divided Profits, 176,484.
Scott County . . . . . . . . . A. B urdick. President.
Uhr. Mueller, Vice-President.
General banking business
C. A . Mast, Ce.shier .
tre.n~acted.
George Hoehn, Assistant Ce.shier.
'l'he first National Bank in operation in the United States commenced
b u, iness Jun e 29, 1863.
DAVEN PO R'l'
( Citizens National Bank.
1I
Capital, $:100,000.00.
Surplus, $100,000 00.
F. H. Grii:gs, Prf>si deut,
•
Robert Krau se, Vice-President.
Aug. A. Halluff, Cashier.
F. C. Kroege r , Ass ' t. Cashier.
A ge neral ban k i n g business tr&n·sacted. Special attention to collections.
Scot t COun t y.. · · · · · · · ·
rl
{Cherokee State Bank.
DECORAH,
Capital, $50,000.
· Surplus and Undivided Profits, $45,000.
Lucas County
s. H. Mallory' President.
• • • • · • • • James Bradon, Vice-President.
F. R. C rock er Cashier.
Hanking in all its branches, W. P. Beem, Ass istant Cashier
l
General banking busi n ess tr1tnse.cted.
DENISON,
First National Bank.
J
Crawford Count:, Sate Bank.
Capital , $100,000.
Undivided Profits, 110,000.
L. Cornwe ll, President.
Geo. Naeve, Vice-Pres id e nt.
{ M. E . Jones, Cas hi er.
C. J. Kemming, Ass.istant Cashier.
Does a general banking bu€iness. Comp lete set of u.bs t !'acts of Crawford
county.
Crawford Co1inty ......
Winneshiek County Bank.
CHEROKEE
·
'
Capital, $75,000.
Surplus and l!ndivided Profits,$11,500.
Cherokee Collnt·Y• • • • · J.C.
Hall, President.
J . H. Groves Vice-President.
E. D. Huxford, Ce.shier.
•
·
Exceptional facilities for collections and placing fa rm loans .
l
Capital, :s100,ooo.
Responsibility, $300, 000.
C. J. Weiser, President.
L.A . Weise r, Vice-President.
K. W D. Holwu.y, Ce.shier,
H.B. Hustvedt, Assistant Cu.shier.
1'he most careful attention given collections.
Winneshiek County . . .
DES MOINES,
Central State Bank.
215 Fifth St.
Capital, $50.000.
Surplus and U ud . Profits, $6 000
Polk ( ouuty.. . . . . . . . { Mart in 'l' uttle, President. ' .
H. A. Elliott, Vice-President.
J . D. Whisenand, Cashier,
Special facilities for Des Moines collections,
,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
THE NORTHWESTERN BANKER.
28
August,
1900.
SPECIAL LIST OF IOWA BANKS- ('ontinued.
EARLY,
II
Capital aud Surplus, $31,500 .
Sac County • • • • • • • • • ·
s. K. Fuller, President.
A. Mason, Vice-President.
N. O. Fuller, Cashier .
L E. M. Fuller, Ass't. Cashier.
A general banking and collection busiuess transacted.
Capital, $60,UO0.
Surplu s, $20,000.
Wm. Buxton. J:>resideu_t.
Wm. Watts, V1ce-P res1dent.
Wm. lluxton, Jr., Ca.shier.
F. C. Sigler, Assistant Cashier.
Prompt attention paid to collectio us and other business in t ru sted to us .
Warren County ...... .
1
IOWA CITY,
{Iowa City State Bank.
Capital, $65,000.
Johnson County. . . . . . . Euclid Sande rs. _Pres ide!) t.
First National, Bank.
ELDORA,
JWarren County Bank.
INDIA.NOLA,
The Early State Bank.
Capital, $50,000.
D. F. Sawyer, V 1ce-Pres1dent
P. A. Korab, C11.shier.
J. C. Switzer Assistant Ca.shier
Hardin County . . . . . . .
J H. Bales, President.
D. E. Byam, Vice-Presideut.
W. J . Murray, Cashier.
Collections will rece ive careful and prompt attentiou.
Does a general banking business .
EMMETSBURG,
{ Farmeri-i Savings Bank.
Capital, $25,000.
Palo A.Ito County . . . . E . s. Ormsby, President.
Van Buren County....
H. A. Powers, Vice-Presi-dent.
0 . W. Hodgkinson, Cashier.
Collections and farm loans specialties.
- - - - - - · . ---------'----- - - - - - - - - - - - -
f
t
C. J. 'l.'hompson, Presi<;lent.
G. S. Gilbertson, Ca5h1er.
Fa.rm loans a specialty.
FAIRFIELD,
(First National Bank.
Capita l, $100,000.
Jefferson County . . . . . Surpl us, $~0.000.
.
[Mills County National Bank.
•
Capital, $65,000.
·
Mills County..... . ... Surplus, $26,000.
D. L. Heinsheimer, President.
F. M. Bufflugton, Vice-President
A. C. Sa.bin, Cashier.
A. D. French, .A.ss't Ca.shier.
General banking business transacted.
Genera.I banking business transacted.
Established in 1875.
Capital, $55,000.
•
Franklin County... . . . Responsibility, $300,000.
A. R. Cuter, President,
N. W. Beebe. Vice -President
'l'. J.B. Robin son, Cashier.
Do a general conservative banking business. Money to loan on r eal estate .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Capital, $.'i0,000.
Surplu~ a nd U11:divided Profits, $55,000.
H. I. Smith, Pres 1d eut.
W. D. Balch, Vice-Pres id ent.
C. H. McNider, Cashier .
F. E. Keller, Assist11.nt Cashier.
fFirst National Bank.
MANCHESTER,
I
{ The .Monticello State Bank.
Capital, $100,000.
Surplu s, $fi0,000.
Farwell, President.
Frank M. Hicks, Vice-President.
H. M. Carpenter, Cashier,
H. S. Richardson, Assistant Cashier.
Money to loan on Iowa farm lands.
Jones County.... .. ..
s. s.
Marengo Savings Bank.
Capital, $50,000.
Surplus, $20,000.
M. W. Stover, President..
( J. N. W, Rumple, Vice-President.
A. M. Henderson, Cashier.
F ra nk Cook, Assistant Cashier.
Conduct a gene ra l banking business. Prompt atte nti on given to collections
.
Transacts a genera.I banking business. Collecti0n s receive prompt atteutentiun .
Capital $100,ooo.
Surpl us and Undivided Profits, $7'l,000.
R. Campbell, President.
{ E. Leach, Vice-President.
W. W. Donnan, Cashier.
Collections receive prompt and careful attention .
(First Na1ioual Bank.
'
Co t
Cerro Gordo
_
un Y · ·
..,.,. C t
I Ona
01111 Y · · · · · · · · · ·
George Walters Cashier.
Minnie V. Walters, Assistant Ca.shier.
First National Bank.
MA.SON CITY
MARENGO,
The Peoples Bank.
Capital, il00,000.
Surplu s, $16,000.
G. L . Tremain, President.
{ N. H. Knowles, Vice-President.
J. W . Foster, Cashier.
W . W. Sterns, Asst. Cashier.
All business given good attention.
INDEPENDENCE,
Uuc b anan COUD t Y · • · · ·
Collections a speci11.lty.
MONTICELLO,
[The Citizen& Bank.
HARLAN,
/Harlan Bank.
Responsibility, $75,000.
Shelb Y COUll t Y· · · · · · · · Fred
Albertus, President.
Capital, $100,000.
Surplus and Undiv ided Profits, $5,000.
G. c. Macli~gan, President.
T. F. Ward, Vice-P re,;ident.
Frank Koob, Cashier.
Plymouth County• ••••
Capital $50.000 .
Surplus and Undivided Profits, $15,000.
J. w. Miles, Pres ident.
W. H . Norris, 1st Vice-President.
R.R. Robinson, 2d Vice-Pres ident.
.
M. F. LeRoy, Cash. H.F. Miles, Asst. Cash
Prompt and careful attention given all business.
Vern C. Littleton, Ca~hier.
HUMBOLDT,
Humboldt County . ....
{The Le Mars National Bank.
eC
t
Dela-a
" r OU Il Y • • · · ·
GREENFlELD,
(Citizens Bank.
Adair County• • • • • • • • · A. P. Littleton, President.
'
Complete set of abstracts of Harrison county.
LE MA.RS,
H. S. McElhmny, President.
Rollin J . Wilson, Vice-President.
Frank Light, Cashier.
.
Only nati onal bank in Jefferi;on county. Does a general banking busi·
uess. Prompt a ttention to collection,s.
HAMPTON
LOG.A.~,
{ Harrison Con nty Bank.
A. w. Ford.
Harru,sen County•• . . • A. L . Harvey.
Bankers aud Rea.I Estate.
General banking business trans~cted,
.
Capital, $27.800.
Undivided Profits, $4,700.
H. H. 'l'rimble, ):'residen_t.
{ J . N. Nortou, Vrne Pres1deut.
J. L. Therme, Cashier .
Collectious a special feature.
FOREST CI'l1 Y,
Forest City National Bank~
•
b
,,
t
Capital, $50,000.
Wlillle
ago '-'OUll y. · · · Surpl us, $10,000.
GLENWOOD,
Keosauqua State Bank.
KEOSAUQUA.,
MONTEZUMA,
.
PoweRhiek County . . . .
A genera.I ha.nkiDI! bu~iuess .
[First National Bank.
l
Ca.pita.I, $50,000.
Undivided Profits, $12,000.
John Ha I, Sr., President,
John Ha.II, J r. , Ca.sh ier.
E. D. Rayburn, Assistant Cashier .
Collections receive special attention .
August,
1'HE .NORTHWESTERN BA_.NKER.
1900.
SPECIAL LIST OF JO-WA BANKS-Continued.
First National Bank.
Capital, $100,000.
.
H eury COun t J. · · · · · ·1W.Surplus,'$20,000
G. Saunders, Presi e11t.
E L. Peun, Vice-President.
T J. Van Hon, C11shier.
W. E Keeler, Assistant Cashier.
Does a general b11.nking business. Collections attended to.
M.T. A.YR,
Rl·nggold Cotirity
{Mt. A.yr Bank.
Responsibility $1~0,000.
Geo. S, Allyn, Cashier.
Jno. H . Allyn, Assistant Cashier.
····
General Banking business transacted. Farm loans, real estate and abstracts
NEWTON,
{First National Bank.
Capital, $50,000.
Surplus and Undivide_d Profits, $20,000.
•
• · • • • • · Chester Slo11.naker President.
E. E Lyday, Cashier.
.
Lee E. Brown, Assistant Cashier.
Genn11.l banking business transacted. Collections receive special atten
tion.
Jasper County
Farm mort-
Capital, $55,000.
We own a full and complete set or abstract books for Clarke County .
Maha ka County . .....
Mahaska Coun State Bank.
Capiti,,J, !100,000.
I Surplus
~
and undivided profits, $27,000.
W. R Lacey, President.
H. S. Howard, Vice-President.
Il John
R. Harnes, Cashier.
Does a general banking business.
Collections receive special attention.
fOskaloosa National Bank.
OSKALOOSA.
···t
Mahaska County..
Capital, $50.000.
Surplus and Undivided Profits, ~36,124.
W. H. Kalbach, President.
A general banking business transacted.
POCAHONTAS
( City Exchange Bank.
Pocahontas County•.• ~
Will D. McEwen.
Joseph
l
Collections a specialty.
Simpson.
Bankers and Real Estate.
General banking business transacted.
RED OAK,
!Red Oak Natioual Bank.
Capital and surplus, $140 000.
Montgomery County ... B. H. .Clark, President.
General banking business.
H. C. Binn,;, Vice-Presiaent.
Paul P. Clark, Cashier.
Collections receive special attention.
ROCK RAPIDS,
{Lyon County Bank.
& THOHPSON.
(0. P. Miller, J. K. P. Thompson.)
L YOn Co un ty • • · · · · · · · · Capital, $100,000.
Undivided profit@, 11114,100.
M. A. Cox, Cashier.
F. B. Parker, Assistant Cashier.
Special facilities for collection iu the northwest.
SAC CITY,
Special facilities for collections.
STORM LA.KE
{ First National Bank.
,
'
C11.pit,d, $50,000. Surplus,
Bueua Vista County .. ' w. E Brown. Presidenr.
$10,000.
·
E. C. Cowles, Vice-President.
A . H. Waitt, Cashier.
'l.'. T. Harker, Ass1 taut Cashier.
One of thl' special features of this bank is its collection and farm Joan
department.
( First National Bauk.
Capital, !50,000.
Surp. !us, $50,000.
J. L. Brackeu, Priasident.
T. L. Willian St,n, Cashier.
D. E. Goodell, Assistant Cashier.
A general banking business transacted.
I
WA.TERLOO,
'rile First National Ba~1k.
Capital, $50,000.
Blackhawk County....
Surplus, $50.000 .
·
H.B. Allen, President .
F. J. Eighmey, Ce.shier.
Municipal, county and school bonds bought and sold.
!!'arm loans negotiated at lowest rates. Prompt service.
Wa'SHINGTON,
{Was~ngtou
Natioual Bank.
Capital, $100,000.
.
Surplus and Undivided Profits, $75,000.
W.W. Wells, Presid!'nt.
Wm. A. Coook, Vice-President.
J. A. Young, Cashier.
R. R. Bowland, Assistant Cashier.
Doe~ a general banking business.
. t
C
t
WRSh Ing
on oun Y · ·
WA VERL y
'
Bremer County . . . . . . .
'German American Loan and Tru~t
Co. 's Bank.
Capital, $25.000.
Surplus, $15,000
W.R. Rowman, President.
W. C. Holt, Vice-Preside.at.
Julian Ruddick, Cashier.
A genera.I banking business transacted.
l
W A.PELLO,
{The Wapello State_Savings Bank.
Louisa County . .......
Capital Stock,_$30.000.
John Otto, President.
J. F. Heins, Vice-President.
W. H. Colto11, Ca.shier.
Prompt attention paid to all busin es~ ntrusted to us.
{Citizens State Bank.
WAUKON,
Dr Wil.ard C . Earles, President.
Mrs. J.E. Duffy, Vi~e-Presideut.
W. E. Beddow, Cashier.
Carlton H. Earle, Assistant Cashier.
Allamakee County . . .
General bankin~.
"We are hustlers
011
collections."
( Fayette County National Bank.
WEST UNION,
Fayette County .......
I Surplus,
Capita[, 1!80,000.
$6,050.
I s.H. B.B. Zeigler,
President.
Hoyt, Vice-President.
~
l E. B .. Shaw, Cashier.
Only National Bank in County.
attention.
{First National Bank,
Capital, $50,000.
Surplus and Profits, $16,500.
D. E. Hallett, President.
E. Criss, Vice-President.
H. H. Allison, Cashier.
H. S. Barnt, Assistant Cashier.
'l'ransacts a general banking business.
Capital, $25,000.
McDonald, President.
{ J. H
H. H. McDonald, Ce.shier.
MlLLER
Sac County. . . . . . . . . . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
'
OSCEOLA.,
{ Simmons & Co., Bankers.
Clarke County. . . . . . . .
·
r
Fremont County Bank.
SIDNEY,
Fremont County
1
Tama Uouuty
....... ,
P. K. Holhrook, Cashier.
General Ba1 1 king Busiuess trnu,ac!ed
OSKALOOSA,
,Capi11,J 11uthNized, 150.000.
Capital pai<l up, $25,000. Surplus, 11 ,000.
Frauklin Floete, President.
A11drew R. Smith, Vice-Preside11t.
Ackley Hubbard, C1~shier.
All business entrusted to our care carefully and pormptly transacted.
Clay County.. .... . . . .
{
TA.MA.
ONAWA,
, ~ Holbrook & Bro.
Monona County.......
Established 11:!58
We, .nake a specialty of promptness iu furnishing abstracts.
gagPs for sale.
The Citizf>ns State Bauk.
SPENCER,
f
MT. PLEA.SA.NT,
WINTERSET,
Madison County · · · · · · ·
Collections receive careful and prompt
/Fir1t National Bank.
~!fif~~•, \ii:iii·.
C. D. Bevingtou, President.
W. S, Whedon, Cashier.
General banking business transacted.
THE NORTHWESTER.N BANKER.
August,
1900.
REPRESENTATIVE IOWA -L AWYERS.
I
ALPHABETICALLY ARRANGED BY TOWNS.
Showinq name of Attorney or Firm, name of Town and County, and special facilities for the transaction of
business. No Attorney or Firm is accepted for this list unless recommended by a bank. Special
effort has been made to secure the leadinq attorneys in the places represented.
A.DEL,
Dallas CountJ
i
P. S . . Harris.
...
References :
.
Dall~,S Couuty Savings Bank, Ade l.
Citizens .National Be.uk, Des Moines .
Collections for Redfield , Minburn, Dallas Center, Waukee and Van Mete r
in my territory .
BELLE PLAINE,
\ C. W. E. Snider.
Benton County, .. • • • • • ~ References:
·
Citizens National Hank.
GLENWOOD,
) P. P. Kelley.
Mills Couutf · · · · · · · · · (
R1i{~~ts in Glenwood ,
i
General law business transacted.
KEOSAUQUA,
Van Buren County....
Wherry & Walker.
Reference:
Keo5e.uqua State Bank.
\
i
Practice in all courts . Comme1cial ~ork a specialty. Collel'tions for
Chelsea., Blairstown and Luzern e in my territory .
CRESTON,
Union County.. . . . . . . .
D. A. Porter.
R~!;~~1~~tfor Cres~on National Hank.
First National Bank Creston.
Iowa State Savings Bank Creston.
Practice in all courts.
Practice in all state and federal courts.
( Carskaddan & Burk.
MUSCATINE,
• C t
J References:
M uscat me
01111 Y · · · ·
First Nat.ioua.l Bank.
Cook , Musser & Company.
State Bank.
I
Trust Company
l
Practice in all courts.
Potawattamie County,
Gen~re.l law practice.
DES :MOINES,
i
i
i
Practice, in a.II courts.
foreign business.
Commercial business a. specialty.
Refere nces :
All Banks in Pott11,wattamie County .
Attorneys for R. G. Dunn & Co. Offices
OSKALOOSA,
{ J. F. & W.R. Lacey.
Mahaska County : . . . . . Reference:
Chas. L. Powel.
Practice in all courts.
References:
Des Moines National Bank.
Guthrie Co. National Bank, Panora, Ia .
Geo . M . Reynolds, cashier Continental
National Bank, Chicago,
Special attention given to commercial business, and collections.
Polk County, . . . . . . . . . .
ESTHERVILLE,
Emmet County,
Notary in office.
Sims & Bainbridge.
COUNpIL BLUFFS,
.
Practice mall courts.
Oskaloosa. National Bank.
Mahaska County State Hank.
Do a general law business.
W.AUKOB,
A.llamakee County . . .
Practice in all courts.
i
D. J. Murphy.
Reference:
Citizens State Bank.
All business promptly attended to.
George W. Adams.
References:
First National Bank, Estherville.
Hank of Estherville.
Special attention given to commercial law and
These Lawyers Have Been Retained by the Iowa Bankers Association, to Transact all Law · Business for Them
in Their Respective Counties.
A.LBJ.A.,
Monroe County . .
( Wm • .A. Nichol.
J Reference:
(
DECORAH,
Winneshiek County ...
First National Bank.
Genera.I Law Business-Office over First National Bank.
CEDAR RAPIDS,
~ U. C. Blake.
• C t
References:
LInn
Oun f · · · · · · · · ·
Cedar Rapids
Practice in all c ourts.
Jefferson County ....
Rollin J. Wilson.
.
Savings Bank (attorney
Ree.I estate mortgagee bought and sold.
0
Ge nert1.l Attorney.
·
Refers to any bank in county.
{
i
1 mak'c! a specie.I feature of Commercial e.11d Banking Law.
HAMPTON,
Franklin County... . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
i
Reference :
Citizens Savings Hank .
},.AIRFIELD,
for) .
Merchants National Bank.
Practice in all courts . Commercial business a specialty
A general law business.
Geo. W• .Adams.
Jno. M. Hemingway.
Refere nce:
Any bank in Hampton.
All legal business, including collections, promptly attended to.
THE NORTHWESTER.N BANKER.
August, J900.
HARLAN,
Shelby County........
JEFFERSON,
Greene County....... .
i
31
i
REPRESENTATIVE IOWA LA WYERS-Continued.
G. W. Cullison.
Refers to any bank in Harlan.
Law in all its branches with special at. tention to commercial and banking law
Owen Lovejoy,
i
County Attorney.
Reference:
Any bank in the county
OSCEOLA,
Clarke County.... . . . .
WAVERLY, .
Bremer County
Practice in all courts.
A general law business transacted.
)
(
i
First National Hank.
Uity National Bank.
c. L . Hardinger, County Attorney,
Special attention given to 11.ll law business growing out o! bankiug.
Edward L. Smaller.
......
ii
References:
State Bank, Waverly, Iowa.
Abstract office in connection.
Special attention given to collections.
WASHINGTON,
Washington County...
MASON CITY,
( Cliggitt & Rule.
Cerro Gordo Couuty .. J References by Permission:
Temple & Hardinger.
Marsh W. Bailey.
Reference:
.
Washington National Bank.
Engaged in general practice in state and federal courts.
to bankers' business.
Special attention
Special attention o commercial law.
ONAWA,
Monona Cou 111y . . . . . .
WINTERSET,
( Frederick Mott,
Madison County ..... .. ~ Attorney for First National
Geo. A. Oliver.
{
References:
.
Onawa St11.te Bank.
Local Attorney I. C. R. R.
Practice in all courts.
Bank,
of Winterset.
Specin.l attention to collections.
A general law business tran~acted. Complete abstract of Monona county
records.
OSAGE,
Mitchell County ..... .
Practice in all courts.
Sweney & Lovejoy.
i
A. B. Lovejoy. County .lt-torney.
References: Mitchell County Bank.
Osage National Hank.
Farmer's National Bank.
Nothing is too Goo~
•
for the
ii
Ou1--•- - -
Bankers.
Careless or indifferent work will not hold trade.
Our business is steadily growing.
The inference is plain.
Business is
to Supply their
Stationery.
~ffl"ffl~,m,
'ltlrite us /"or ..Samples and Cstimates.,.
.,._ _ _ __ on anything made or paper.
[x~ept Greenbacks.
- - -Iowa Lithographing Co.
120-122 Fourth Street.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DES MOINES, IOWA~
THE NORTHWESTERN BANKER.
32
~l"'"''l''""''l'"""'l'"'"''l'"'"'l!l'""''l'"'"''l''"'"''''""''l'"'"''l'""'''l'"'"''l''""''l'"'"'l''""''l'"":''1'"'"'111'""''1''""''1
August, 1900.
Valley ~atio17al Ba17~
OF DES MOINES
Condensed Statement of Condition, June 29, 1900.
L--'%'-Colll ptro II er's Ca11.~1-___,
RESOURCES :
Loans and Discounts.
Overdrafts,
U. S. Bonds to secu re circulation,
1/,
1,238,056.31
36o.95
200,000.00
U. S. Bonds to secure U S. Deposits
50,000.00
66,543.26
8,247.00
44,500.00
Stocks and Bonds,
Premiums,
Banking House and Fixtures,
Other_ Real Estate and Mortgages
owned,
37,498.45
52o,756.70
Cash and Exchange,
Total,
$ 2,165,962.67
LIABILITIES .
Capi tal Stock,
Surplus and Undivided Profits,
Circulation,
Deposits,
$
200,000.00
138,107.09
196,247.50
1,631,608.08
-----·-
Total,
$
2,165,962.67
N W. JOHNSON. Presichn1t. ·
C. H DILWORTH. Vice -Pr esident
R. A. CRAW FORD, Cashier.
W. K BARRETT. Assista11t Casbie1·.
Accouuts of Banks, Firms and [nrlividnals solicited, and will
n ·ceive careful a.tt.ention.
REPORT OF THE CONDl'l'ION OF THE
6 57 89
32549
as
226815
soooooooo
5Z471
321179
758689
20250
640069
7 77 4 4
33573
34371118
46411
12625
91947
Sob-totals at any point in list.
Operation learned in (lfteen
minutes.
Sp·e ed from three to five times
ordinary hand work.
Automatic corrections of keys
wrongly hit . ·
Used by over 5,000 banks, small
as well as large.
Invaluable for use in all financial and commercial insti-tutions.
Dlachines sent on trial to any
responsible bank or business
house .
Incessant use of these machines
for se-ven years in largest
banks in Ne1v York City finds
the machines of greatest
durability.
American Arithmometer Co.,
SECOND NATIONAL BANK
OF DUBUQUE, IOWA,
At the Close of Business, Thursday, April 26, 19_0 0.
RESOURCES.
Loans and Discounts _____________________________ _
Overdrafts __________________________________ .______ _ $787,620.27
327 77
U. 8. Bonds---------------------- _________________ _ 150.000.00
Other Bonds ____________ -------------------------- 227,587.52- $1,165,535.56
Hanking House _________________________________ _
41,964 04
Othrr Real Est,J.te ________________________________ _
4,367.20
Due from Reserve Agents ________________________ _ $2:56, 185.44
47,374.64
Due
from
other
Hanks
__
·------------------------Cash on Hand ____________________________________ _ 122,657.75
Redemption Fund ________________________________ _
2,500.00
Revenue Stamp Account. __________________._______ _
769 00- 429,686.83
Total
$1,641,553.63
ST. LOUIS, MO.
LIA.BILITIES.
Ca pi tu.I Stock _____________________________________ _
t~~t:i~:au;:ci"tiis:======~
--== ====__________________
== ==== == ==== == ====_
Circuli1.tion ....... . ,-------------
! 400,000.00
$58,000.00
21,565. 06-
79,565.06
50,000.00
Deposits (lndivid uals) ____________________________ _ 1!315,383. 77
Depo~i ts (Banks) ________________ ------ ___________ _ 704,404.80
Deposits (U. S,)-------- ___________________________ _
92,200.00- 1,111,988 57
Total- ----------------------------·----
$1 ,641,553.63
OF):('ICEKS:
GEO. 8. BURCH, President.
J. K. DEMING, Vice-Pres. and Cashier.
HERM. EscHEN, Ass't. Cashier. .
DIRECTOitS.
GEO.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
B. BURCH,
WM. L. BRADLEY,
W. H. DAY.
J. K. DB.IIIING,
F. A. RUMPF,
Glj;U, w.
H.B.
KlSSEL.
GLOVER.
@FedFRASER