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Number 5 .
Des Moines, loam, May, 1 9 0 3
Volume V i l i .
THE NATIONAL BANK OF NORTH AMERICA
C A P IT A L
$ 2 , 0 0 0 , 0 0 0 OO
C H IC A G O
SURPLUS
$ 5 0 0 ,0 0 0 .0 0
Contents.
I S A A C N. P E R R Y . Pr e s id e n t
B E R N A R D A. E C K H a K r, V - I r e s ,
C H A R L E S O. A U S T I N . V-P*es.
J U L I U S S. P O M E R O Y , Cashier
F R A N C I S V. P U T N A M , A s s ’ i C a sh .
[]. S . D E P O S I T O R Y ^ »
P age
Sipif I' '■!L(i, w \HE
Ip !
$364,096.72 \ l |
l|w t
Be posits
Apr. 9. 1899
!■
\ ■
i f $.408,815 20 1
B
■
D e p o sits
A p r. 9, 1900,
\ i
\
I $552,819.66 ^
F
D ep o sits
A p r. 9, 1903,
$ 1 , 9 1 7 ,4 3 6 . 4 8
[ H . S. B u t l e r , P re s .
H. T. B l a c k b u r n , V-P.
L. W i n d s o r , C ash ier.
2% Per Cent. Interest
A llo w e d to C o rre s p o n d
e n ts U p o n tin i r B alances
D e s M o in e s . Iowa.
Iow a B a n k ers’ A sso ciatio n ,
5
A New Phase of B ank 'I a x atio n ,
5
Iow a C onditions,
. . .
9
T h e V alue of C redit, 9
T h e value of the Iow a B an k e rs’
A ssociation,
10
Io w a G roup M eetings,
10
N e b ra sk a G roup M eetings, II
E choes of a B ank F ailu re,
13
N eb rask a B ankers to Give New
B o n d s , ............................................... 13
A R ep resen tativ e Iow a B an k ,
14
An Im p o rta n t C o n so lid atio n ,
15
S o u th D ak o ta B an k e rs’ A sso ciatio n , 16
N e b rask a News an d N otes, 16
M innesota News a n d N otes,
19
D ak o ta News an d N otes,
23
Iow a News an d N otes,
26
G eneral News an d N otes,
- 34
W a n ts , ........................................................ 40
Special L ist Iow a B anks,
41
Special L ist M innesota B an k s,
43
Special List Iow a L aw yers, 41
-------- T H E ---------
B a n k e r s N a t io n a l B ank
OF CHICAGO, ILL.
Capital and Surplus, $2,919,000
National
Bank
DES
M O IN E S , IO W H
J. G. R o u n d s ..........P r e s id e n t
J . C a l l an a n ___V ic e -P re s t
G e o . E. P e a r s a l l . ..C a s h ie r
G e o . C o o p e r , A sst. C ash ie r
CAPITAL, $ 2 0 0 , 0 0 0
SÜRPLÜS,
ACCOUNTS
1 0 0 ,0 0 0
SO LICITED
Davenport Savings Bank,
D A V EN PO R T, IOWA.
\CAPITAL,
- - - $ 3 0 0 ,0 0 0 .0 0 2
| UNDIVIDED PROFITS,
1 4 9 , 1 4 5 . 19 #
D DEPOSITS, - - - 3 ,5 1 3 ,4 0 9 .5 4 3
E D W A R D S. L A C E Y , P r e s id e n t . JO H N C. C R A F T . V ic e -P r e s id e n t .
F R A N K P. JU D S O N , C a s h ie r .
C H A S . C. W IL S O N , A ss ’t C a s h ie r .
C H A R L E S E W IN G , Ass ' t C a s h ie r .
COMPARATIVE STATEMENT, SHOWING INCREASE.
Citizens
* » • Officers * * •
ANTHONY BURDICK, President.
LOUIS HALLER, Vice-President.
HENRY C. STRUCK, JR., Cashier.
O TTO L. LADENBERGER, T e lle r
D EPO SITS.
A pril
A pril
A pril
April
9,
9,
9,
9,
1 3 9 7 ...............................................
$4,892,543.40
1899 .................................
9,371,407.49
1 9 0 1 ...............................
11,743,362.40
1903 ............................................................... 1 3 ,8 2 6 ,8 5 6 .2 8
jtjt
New Business desired and Unexcelled Facilities Offered.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
• » » Directors « * «
A. S t e f f e n
W . O. S c h m id t
A. B u r d t c k
L o u is H a l l e r
J . F. D o w
H . K ohrb
T hom as S cott
H . C . Stru ck , J r .
W . H . W il s o n
**«
4
P er C en t I n t e r e s t P a id on D e p o s its . M o n ey L o a n ed
on R eal E s ta t e S e c u r ity in t h e S ta te o f Iow a .
T H E N O R T H W E ST E R N B A N K E R .
2
May, 1903.
Northwestern National Bank,
Commercial Nat’l Bank,
S io u x
C ity ,
Iow a.
C h ic a g o , I l l in o is
C apital an d S u rp lu s, D e p o s i t s , ......................................
ESTABLISHED, 1864.
Capital,
Surplus,
A oril
A pril
A pril
A pril
A pril
D E P O S IT S .
D E P O S IT S
D E P O S IT S .
D E P O S IT S
D E P O S I ['S
$2,000,000.00
1,000,000.00
g,
9
9,
9,
9,
1899.
1900.
1901
1902
1903
118.930,297.40
18 5so, 511.07
25,312,408.1g
28,654,048. 64
A
bel
$127,000.00
731,000.00
A n d e r s o n , P resident.
C. E . H o f l u n d , V ice-Pres.
J o h n A . M a g o u n , J r . , C ashier.
S P E C IA L A T T E N T IO N G IV E N
TO SIO U X
C IT Y
C O L L E C T IO N S
29,651. 5*3-2g
W e Solicit A ccounts of In d iv id u als, F irm s an d B anks.
O F F IC E R S .
J a m es H . E c k e l s , Presid en t.
D a v jd V e r n o n , 2d V ice-P resid en t
J o h n C M c K e o n , V ice-P resid en t.
J o se ph T T a l b e r t , C a sh ie r
M . K r h l l , M anager F oreign B a n k in g D epartm en t.
N . R . L o s c h , A ssistan t C ashier.
H. C . V e r n o n , A ssistan t C a sh ier.
G . B. S m it h , A ssistan t C ashier.
H. E . S m it h , A uditor.
D IR E C T O R S .
J e sse S p a l d in g ,
F r a n k l in M a c Ve a g h ,
W il l ia m J C h a l m e r s ,
R o b e r t T L in c o l n ,
E. H. G a r y ,
P aul M o r t o n ,
D arius M il l e r ,
J o h n C M c K eon
J am es H. E c k e l s ,
L e tte rs of C red it issued. F o reign D rafts and Specie
B o u gh t and Sold. P o stal R em ittan ces and C able
T ra n sfers M ade to all Parts of the W o rld . — — —
HENRY L. T0LMAN,
MiCROSCOPIST.
Microscopical and Chemical Examina
tions of Forged or Altered Documents; of
adulterations of Food, and of Blood Stains,
Textile Fabrics, Woods and Minerals. Pho
tographs and Enlargements made when
desired.
R O O M 9 2 9 , C H IC A G O OPE R A H O U SE B U IL D IN G
SPE C IAL F A C IL IT IE S FO P T R A N SA C T IN G THE B U SIN E SS
OF C O R R E S P O N D E N T B A N K S.
THE
C h ic a g o .
^
BEST BANKERS’
PUBLICATIONS.
The Bankers’ JVIagazine.
o ld e s t b a n k e rs’ pubiica■------------------------------ ---- —----------- tion in A m erica, e s t a b
lished 1846. T erm s, $5.00 a y ear. Has over double
the circulation of any other bankers’ publication
in the United Spates. A d vertising ra te s low consid
ering the larg e circu latio n g u a ra n te e d .
R h o d es’ Jo u rn a l of B an k in g an d th e B a n k e rs’ M aga
zine have been co nsolidated.
Practical Banking. (M ethods a n d M achinery o f ) .
------------ ------ q--------------By C laudius B P a tte n , for m any
years C ashier of th e S tate N atio n al B ank of B oston.
“ T he hest book on B an k in g in the E n g lish lan g u a g e ’’
Price, $5.00 a copy, or to B ank C lerks, $3.00 a copy,
w hen ordered in lots of ten copies or over.
The
Bankers’ Directory. Ju
Issued
in January and
--------------------------------------------ly —corrected to d ate.
Price, w ith m arg in al index, $4.00 a c o p y ; both
editions, $7.00. Plain, $3.00 a copy; $5.00 a year.
BRADFORD RHODES & CO.
8 7 M a id e n
D ane, N E W
Y O R K .
P U B L IS H E R S .
N O T I C E .— Orders for the Bradford R hodes & C o .’ s B a n k e rs’ P u b lica
tions,received at p u blish ers’ rates by T h e N o r t h w e s t e r n B a n k e r , D es
Moines, Iowa.
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Federal Reserve Bank of St. Louis
Dining
Cars..,
LL TRAINS
LL MEALS
L A CARTE
L L THE WAV
L L THE TIME
T H E N O R T H W E STE R N B A N K E R
May, 1903.
THE
FIRST
NATIONAL
BANK,
©
f
em eHG © .
Corner Monroe and
Dearborn Streets.
T r a v e l e r ’s C r e d it s issued,
available in any p a rt of the world.
T r a n sf e r s o f M o n ey M a d e
by T e l e g r a p h and C a bl e and
E x c h a n g e D r a w n at cu stom ary
usance, on th e p rin cip al cities of
the U n ited S tates, E urop e, Japan,
C h in a, and the E a s t Indias.
All kinds of F ir s t -C lass I n
v e st m e n t S e c u r it ie s d ealt in
co n stan tly on hand and for sale at
cu rren t rates; a full line of G ov
e r n m e n t B o n d s , M unicipal and
L o cal B o n d s, C h o ice R ailro ad
Bonds.
C o llectio n s ca refu lly m ade and
proceeds prom ptly accounted for
on m oderate term s. A ccoun ts of
banks and bankers solicited.
99
BANK OFFICERS:
J a m es B. F o r g a n , P resid en t.
D a v id R. F o r g a n , V ice-P res.
G e o r g e D . B o u l t o n , V ice-P res.
H. H . H it c h c o c k , V ice-P res.
R ic h a r d J. S t r e e t , Cashier.
H o l m e s H o g e , A sst. C ashier.
A’ugust B l u m , A sst. C ash ier.
E d w a r d D ic k in s o n , A sst. Cash.
F r a n k E . B r o w n , A sst. C ash ier.
C h a r l e s N. G il l e t t , A sst. Cash.
F r a n k O. W e t m o r e , A uditor.
E m il e K . B o is o t ,
♦
C A P IT A L
and
SU R PLU S,
$13,000,000.
A REGULAR BANKING
BUSINESS TRANSACTED.
3
.T H E . .
PEOPLE’S SAVINGS BANK.
DES MOINES, IOWA.
CAPITAL—$ 1 0 0 ,0 0 0 .
SPECIAL ATTENTION TO IOWA COLLECTIONS.
Report of Condition, Auditor’ s Cali, m ay 6, 1003.
« * Resources« •
L o an s and D isco u n ts................................................................ $ 995, 534-27
8,975.00
R eal E s t a t e ............. ......................................................... - .........
F u r n it u r e ............... .............................. - .....................................
2,000.00
O verd rafts..... ................ .........-..........................................
Cash and E x c h a n g e ................................
3,273.17
221,662.32
T o t a l...................................................................................$1,231,444.76
« « Inabilities * «
C apital S t o c k .......................... ...................................- .............. $ 100,000.00
25,000.00
S u r p lu s ...................................................... - .................................
O ther P ro fits ....................................
23,761.63
D ivid en d s U n p a id ......................................................................
40.00
D e p o s it s ......................................
1,082,643.13
T o t a l................. .............................- ............................. $1,231,444.76
M an ager B on d D epartm en t.
J o h n E . G a r d in ,
M gr. F o reign E x ch a n g e D e p ’ t.
M ax M a y .
A sst. M gr. F o r’ n E x ch a n g e D ept.
O r v il l e P e c k h a m , A tto rn ey .
J a s . D . W o l e y , A sst. A ttorney.
* « Officers • *
M a r t in F l y n n , Presid en t.
A. D ic k e y , V ice-P resid en t.
C. H. M a r t in , Cashier.
F r a n k P . F l y n n , Ass’t. Cashier.
The CHICAGO,
IHinoisCentralll.il.
M ilw aukee & St. Paul
RAILWAY
T E R R IT O R Y
b y th rb u g h serv ice to a n d
fro m th e follow ing cities:
CHICAGO, ILL.
OMAHA, NEB.
MINNEAPOLIS, MINN.
ST- PAUL, MINN.
KANSAS CITY, MO.
PEORIA, iLL.
EVANSVILLE, IND.
ST. LOUIS, MO.
CINCINNATI,OHIO.
NEW ORLEANS, LA.
MEMPHIS, TENN.
HOT SPRINGS, ARK.
LOUISVILLE, KY.
NASHVILLE, TENN.
ATLANTA, GA.
JACKSONVILLE, FLA.
T h ro u g h e x cu rsio n sleep in g -car serv ice b e tw ee n
C hicago a n d b e tw ee n C in cin n ati
AND THE PACIFIC COAST.
Direct line to Chicago and points East
Daily Sleeping Cars to and from Chicago
N E W C A L I F O R N I A T R A IN S
C o n n ectio n s a t ab o v e te rm in a ls fo r th e
EAST, SOUTH, WEST, NORTH.
F a s t a n d H a n d s o m e ly E q u ip p e d S te a m -H e a te d
T r a in s — D in in g C a rs — B u f f e t - L ib r a r y C a rs —
S le e p in g C a rs — F re e R e c lin in g C h a ir C a rs .
P a rtic u la rs of a g e n ts of th e Illin o is C en tra l an d
c o n n ec tin g lines.
Low R a te s to P o in ts W e s t
W. B. DAVENPORT,
D. F. & P. A.
R. A. LAUGHLIN,
C. P. & T. A.
A . H . H A N SO N , G e n ’l P a s s 'r A g en t, CH ICAG O .
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Federal Reserve Bank of St. Louis
CAUL. A1 410 WALNUT S T R E E T
FO R ALL
INFORMATION
4
T H E N O R T H W E ST E R N
DES
MOINES,
BANKER.
May, 19OV
IOWA
C APITAL, $ 4 0 0 ,0 0 0 -0 0
CONDITION MAY 6, 1903.
RESO U R CES:
B ills R e c e iv a b le _________
B a n k in g H ou se.......................
Cash and E x c h a n g e ........
-
$3,127,501.00
95.661.48
1,058,130x6
T o ta l........... ...................
-
$4,281,292.54
-
$ 400,000,00
183, 739-55
3, 727,553 29
-
$4,281,292.54
L IA B IL IT IE S :
C apital S to c k ..................................
Surplus and P ro fits...... ..................
D eposits ................................
T o ta l...... ..................
A LARGER STOCK
of Bank Safes Car
ried than Any Other
House Outside of New
York City.
«i86A.R0-ISODMAR-LU'”!
S O L IC IT A ccounts of B anks an d B an k ers, and
Prom ise P ro m p t an d C ourteous T re a tm e n t, with
S uperior Facilities for the T ra rs a c tio n of Y our B usiness.
SAFE CO. NEW YÔ&K'.
J. J. Deright & Co.,
SAFE DEALERS,
P. M. CASADY, President
SIMON CASADY, Yice Prest.
HOMER A. MILLER, Cashier C. T. COLE, Jr., Asst. Cash.
Tested by Burglars and Experts
O M A H A , NEB.
and found to be
Long Distance Phone No. 353
----- BURGLAR-PROOF.
T he M erchants National Bank
S T A T E M E N T A P R IL 9,
ST. PAUL
1903
R ESO U RCES
L oans and D iscounts,
U. S . Bonds a t p a r, .
O ther B onds an d S tocks, .
B an k in g H ouse,
Cash an d D ue from B anks,
of
L IA B IL IT IE S .
$ 4,227,091.41
600,000.00
343,645.(8
190.000.00
L7 97.495.29
C apital S tock,
S u rp lu s .
U ndivided Profits,
C irculation,
D eposits,
$ 1 , 000 , 000.00
225.000. 00
38,871.95
200.000.
00
5,694,359.83
$ 7,158,231.78
$7,158,231.78
--------- --------------------------- C O R R E S P O N D E N C E A N D P E R S O N A L I N T E R V I E W S I N V I T E D
K E N N E T H C L A R K , P r e s id e n t
C H . B I G E L O W , V,c e P r e s i d e n t
GEO
H PRINCE
C a s h ,e r .
H
W
PARKER
A s s is t a n t C a s h ie r
H . V A N V L E C K , As s is t a n t C as h ie r
Hangers Aatoal O soaltv Co.
Directe«:
DES M OINES, IO W A
P re s H e n t L ’.wa L o a n & T ru s t C o., D es M oines. Iowa.
V TV ^ V T V ^ S; . Preslden ,t.C ltl? ens N ation al B an k, D es M oines, Iow a.
A. U . Q U I N T , M anager, D es M oines, Iow a.
A
ash ier C itizen s.N ational B an k. New P h ilad elp h ia, 0 .
'
C ash ier C itizen s B a n k , Sid n ey, Ohio,
" L ^ V P T lv T ashd er
R ud d & Sons B an k, Bron son , M ich igan.
P/ eS,ld£n t uH u r?i! C o u n ty B a n k - H arbor Beach, M ichigan.
JN O . W . F A X O N , A s s ’t C ash ier F irs t N ation al B a n k, C h atta n oo ga T en n
Directors:
C. F . S M IT H , C ash ier F irs t N ation al B a n k, M cG regor, T e x a s .
T - P S P Y U L D I N G , C ash ier A insw orth S avings B a n k, A insw orth, Iowa.
& H -B U R N H A M , P resid en t F irs t N ational B a n k , L in c o ln , N ebraska.
F . E L M O R E , B an k of W in chester, K a n s a s .
J- D G E R L A C H , C ash ier F irs t N ation al B an k. C h ester, Illin o is.
L . P. H I L L Y E R , C ash ier A m erican N ation al B a n k , M acon, G a.
P resid en t F irst N ational B an k, Jackson, M inn.
W M . W A R N O C K , B an ker, A lm yr, O ntario, Canada.
^lJM^noAgKirriSt bu.rglaJT an ^ robbefy of bank. A bsolute security at actual cost. The safe delivery of money and
^nnUfiniir ^ tShHPP-e(i by, registered mail.
Better, safer, cheaper than by express. Organized and conducted by bankers
confines
its
business to banks. Correspondence solicited
8
}
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Tf)e Northwestern 5^n^er.
V
olume
V III
A Bankers' Journal f o r the Northwest.
D ES M OINES, IOW A, M AY, 1903-
$2.00 P e r A n n u m .
THE NORTHWESTERN BANKER,
P U B L ISH E D BY
Ti)e Northwestern ganger Pab. Co.,
D ES M O IN E S, I O W A .
A m on thly B a n k e rs ’ Journal, devoted to the in terests of bankers in the
N orth w est.
A ll com m un ication s and news item s of lo cal in terest to ban kers in this
territo ry are requested .
E n tered at D es M oines, Iow a, as second class M atter.
S ub scrip tio n $2 oo per annum ; sin gle copies, 20 cts
A d v ertisin g rates on ap p lication .
Iowa Bankers Association.
Cedar Rapids, Iowa, May n , 1903.
Northwestern Banker,
Des Moines, Iowa.
On March n th , the Executive Council of the
Iowa Bankers’ Association held a meeting in Des
Moines, at which meeting there were several com
mittee, appointed and these committees are at work.
In view of the fact that we expect to have a joint
session with the Illinois Bankers’ Association the
second day of our meeting, it was found necessary
to crowd the business of our convention into the first
day, and that resolutions might be presented and
acted on, a committee was appointed on resolutions
consisting of J. T. Brooks of Hedrick, S. L. Ely,
of Davenport, and C. B. Mills, of Clinton, and it
would be in order for anyone to send to eh her of
these gentlemen a copy jof such resolutions as they
would want offered at the convention.
A t this meeting a committee on selecting dates
and arranging the program for the convention of
1903 was appointed, consisting of the President of
the Association, the Secretary and Mr. S.
L. E ly of Davenport.
This committee with
a like committee from the Illinois Association
met ai Rock Island with the Davenport and Rock
Island bankers some time later, and after canvescing matters thoroughly, selected July 28th and 29th
as the dales for holding the convention. It was
decided to hold our first days’ meeting at Davenport,
holding two sessions that day, one in the forenoon,
beginning at 9 ¡30 and one in the afternoon, at which
sessions would be heard the various reports of the
officers, reports of committees and action would be
taken on the resolutions to he offered bv the council.
One resolution to be acted on is that wherein the
council recommends the transfer of $2,000 from
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
NUMBER 5
20 C t s . P e r c o p y .
the General Eund to the Protective Eunc! in order
to build up that fund to such an amount as will
enable us to better run down criminals. Another
resolution to be acted upon is that to be offered by
the council recommending that a standing reward
of $1,000 be offered for the successful prosecu
tion or burglars who may attack any bank that is a
member of the Association. The resolution to be
cficrcd is tc be prepared by E. H. Rhodes of Estherville, and Ackley Hubbard of Spencer. This resolu
tion is to cover the whole matter as to how the re
ward shall be offered, how paid, how divided where
there is more than one burglar successfully prose
cuted for one burglary, it being the intention of the
Association to provide all the protection it can for
its members.
There will be a social session held in the
evening either at Davenport or Rock Island.
This will be a joint session and every one in attend
ance at the two conventions will be welcome at this
session.
It will probably take the form of a ban
quet.
The second days’ session will be convened
at either Rock Island or Davenport, depending on
which city had the pleasure of entertaining the dele
gates socially the evening before and will be one
continuous session until the convention adjourns.
At this session there will be two principal addresses.
One will be given by Hon. J. G. Cannon of Illinois,
and one by Hon. A. B. Cummins of Iowa. This will
be a unable session no doubt and it is urged that
every bank in Iowa send a delegate so that they may
be represented.
The Executive Council took action on a
matter that has been discussed by previous
councils for years and have decided that copies of
the proceedings and such information as shall be
of service to the banks in general shall hereafter
be sent out by the Association to members only, the
ceunGl feeling that for the past sew..wen years the
Association has
been
exceedingly generous
in sending the proceedings and other infor
mation to every banker whether a member
or not and feeling now that the members who
have paid these expenses in the past are reasonable
in their request to non-members to join them and
help bear these expenses. If every bank in the state
should become a member, our Protective Eund
6
T H E N O R T H W E ST E R N B A N K E R .
May, 1903.
S T A T E B A K E OF CH ICAGO
CHICAGO
O F F IC E R S
H. A. H A U G A N , Pr es id en t
J O H N H. D W I G H T , V ic e - P re s id e n t
J O H N R. L I N D G R E N , Cashie r
F R A N K I. P A C K A R D A s s ’ t Cash ier
H E N R Y S. H E N S C H E N , A s s ’ t Cashie r
S A M U E L E . K N E C H T , S e c re ta ry
D IR E C T O R S
T h o m a s M urd oc h,
D a v id N. Barker,
A . P . Johnson,
Ca lv in D ura nd,
John H . D w i g h t ,
Mos es J. W e n t w o r t h ,
Theo. F re e m an ,
H. A.
H au ga n .
John R. L in d gr e n .
C A SH
CAPITAL,
© n e M illio n D o lla r s
ACTIVE AND RESERVE ACCOUNTS
of State Banks and Bankers are
especially desired by this bank
and will receive the best terms to
be had in Chicago. We respect
fully solicit YOUR account, ¿Z
CORRESPONDENCE
would be such as would practically insure the run
ning down and arrest of every criminal who perpe
trated a fraud against any bank and make bank
burglaries in Iowa a thing of the past. Members
coming in now will be given certificates of member
ship running to June 1, 1904. Every Groups’
Chairman and Secretary is working hard for new
members. The officers of the Association are al
ways after new members. Sixty banks have joined
the Association since the last convention and out of
the 550 members at that time there are but twenty
who have thus far failed to pay dues to June 1, 1903,
and the Secretary is making a special request to
these twenty to remit at once. He expects they will
do so. Other states have been even more success
ful in securing every bank as a member than we
have in Iowa. W e do not know how to account
for this for we have always believed the Iowa banker
was as progressive as any other. Our northern
neighbor, Minnesota, has practically every bank in
the state as a member of its Association. That
should be the condition of Iowa.
There will be a number o f group meetings held
before the convention at Davenport is called to order
and we are expecting some very interesting reports
from these groups. Is it too much for us to ex
pect and £sk that every bank in the date should be
come a member and that every member should send
a delegate to the coining convention?
The membership in the Iowa Bankers’ Associa
tion costs but $5.00 and the annual dues thereafter
are but $5.00 per year. The Treasurer is Frank Y .
Locke of Sibley to whom remittances for member
ship and dues should be made. The Secretary or
any of the officers will be glad to answer any ques
tions and give such information as they may have
concerning the Association, its work, and its inten
tions. In fact correspondence is solicited from the
bankers over the state in general. Suggestions as
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Federal Reserve Bank of St. Louis
AND
PERSONAL
IN T E R V IE W S INVITED.
STATEMENT, MARCH 2, 1908.
R E S O U R C E S
Loans and Discounts.......$ 8,002,548.38
Overdrafts..........................
3,150.30
Bonds...................
666,189.25
Cash and Due from Banks
2,773,743.94
Total.......................... $ 11,445,631.87
L IA B IL IT IE S
Capital Stock.................. $ 1,000,000.00
Surplus.................................
200,000.00
Undivided Profits........ -145,654.25
15.00
Dividends Unpaid....... —
Deposits — ....... ................. 10,099,962 62
Total........................... $ 11,445,631,87
to what the Association could do to make it of more
worth to the banks of the state is also desired.
Y ours,
J. M. D IN W ID D IE ,
Secretary.
A New Phase of Bank Taxation.
The case of the German Trust Company of
Davenport vs. the Board of Review of Davenport,
and a similar case in which the same company is
plaintiff and the city of Davenport defendant, are
two actions that will be of great interest to every
bank and mortgage holder in the state. The first
is against the assessor of the county, and the other
against the assessors of the city, when the matter is
simmered down, though it is the official acts of
those assessors, and mot the men themselves, that
are called into account.
In each of these cases the assessor charged the
German Trust Company with having and hold iffg
as agent, notes and mortgages in the amount of
$800,000. Under the statute it was claimed that
the Trust company could be held for the tax on this
sum. The Trust company had refused to make
any return of notes or mortgages so held by it,
holding that they were in its hands as the property
of others, merely retained by it as the employe of
the owners and that it was not assesable. It re
fused to disclose the names of the owners of these
securities, as a bank would refuse to tell assessors
the names of its depositors, and the sums carried to
their credit. The assessors then and thereupon mad^
a guess o f $800,000, and this assesment the Trust
company is resisting as unfair and illegally made.
Even though one would think that if the German
Trust Company had thrown open its books to the
view of the assessor and had shown him the names
of the owners of the securities in its hands it could
not hie chargeable with any of their tax, the trial
T H E N O R T H W E ST E R N B A N K E R .
May, 1903.
7
The National Shoe and Leather Bank
OP
TH E
CITY O P
NEW
YORK.
C o m p arative S ta te m e n t, a s R ep o rted to th e C om p troller.
N o v . 25,1902.
F eb . 6,1903.
G IL B E R T B. SA Y R E S, A sst. C ash ie r.
J u l y 16,190%.
R ESO U R C ES.
L o an s a n d D is c o u n ts ----- ------ - .............. ---$3,768,114.04
50,00“. 00
U. S. B onds to S e c u re C irc u la tio n ---242,250.00
O th e r S to c k s a n d B o n d s...... ...................... . . . .
475,000.00
R e a l E s ta te —B a n k in g H o u se ................... . . . .
C ash on H a n d a n d D u e fro m B an k s - . . . . 1,989,715.84
$6,525,079.88
L IA B IL IT IE S .
$4,602,854.37
50,000.00
243.965.45
475,000.00
2,567,773.07
$7,939,592.89
$5,314,140.24
50,000.00
239,169. 44
470,000.00
2,674,310.21
$8,747,619.89
$5,893,330.50
50,000.00
239,169. 44
465,000.00
3,041,846.82
$9,689,346.76
= S O L IC IT S A C C O U N T S =
From Individuals, Firms, Corpora
tions and Banks, assuring Prompt
Service and Liberal T re a tm e n ts A*
C a p ita l S to c k .................................................. .---$1,000,000.00
266,658.22
S u rp lu s a n d P r o f i t s ....................................
10,000.00
T a x e s A n tic ip a te d ...................................
48,700,00
C irc u la tio n ......................................- ...............
4,294,834.66
D E P O S IT S —I n d i v i d u a l ....................... .
904,887.01
D E P O S I T S - B a n k s .......................... - ........... . . .
$6,525.079.88
$1,000,000.00
307,361.19
6,788.01
50,000.00
4,928,253.39
1,647,200. 30
$7,939,592.89
$1,000,000.00
323,924.38
----- -------49,050.00
4,351,166.29
3,023. 479.22
$8,747,619.89
$1,000,000.00
345,020.50
5,000.00
49,700. 00
5,251,088.64
3,038,537.02
$9,689,346.76
W IL L IA M L. M OY ER, P r e s id e n t.
JO H N A. H IL T N E R , V .P rc s. & C ash ier.
A p r i l 9,1903.
judge has gone so far as to hold that the Trust Com eluding taxation here because it came from another
pany is liable for it nevertheless.
It is declared country, and it is the contention of the assessor
to be the fact that inspection of the tax and the county and city attorney that this statute
books shows that many of the owners of these secur holds the German Trust Compnay bound to pay
ities have returned them for taxation and paid taxes his tax, in this instance something like $8,000 to
on them, but to make such an exhibition of its confi $9,000.
The case is one that involves an issue that touches
dential affairs would be to forfeit general business
millions
of dollars.
confidence, and the company chose rather to fight the
In commenting on the case, the Davenport Dem
assessment in the courts than be put out of business
ocrat says :
in that manner.
‘‘If the German Trust Company loses this case in
By the evidence introduced in the trial o f the
case, which was held, before Judge W olfe, the the end the banks will be held for the notes they
German Trust Company held $679,000 in securities have on hand for safe keeping and collection, and
of the kind named. The evidence showed that of every financial loan agent here, or elsewhere in
this $43,000 belonged to owners who under the Iowa Iowa, will be caught in the same way. It is quite
law could not be taxed; the Cook Home for the possible that the same property may be three times
Friendless, the Independent School District of Dav taxed under this law The realty pays its tax. The
enport, and the German Free School. The sum of 'man who owns a mortgage turns it in, and it is
$430,000 of these securities did belong to individ taxed. The bank or trust company, that has that
uals amenable to the jurisdictions of these asses security for safe keeping— which the owner cannot
sors and the balance was owned by individuals in give it— pays the third tax. Enough, surely, to
other states and taxable, and presumably taxed meet the demands of the most needy and exacting
where they lived. As a matter of fact the assess state.
The taxing of agents on all the paper they have
ment was almost double what it should have been,
but the character of the tenure which the Trust in their hands or on the wild guesses of the asses
company had on those securities it is that makes sors, will force them to disclose their patrons, and,
in the end, will be effective in going still further in
the case of general interest.
The testimony showed that the Trust company the work of which the tax ferretts in Iowa have
had first owned these securities and then sold them done so much— driving capital out of the state. Not
to their present owners, who had then entered into less than three or four millions of dollars in this
contracts with the Trust Company for the safe city will be affected. It need not all leave here, and
keeping and possession of those papers, and for the will not, but much of it will. There are other
collection of the moneys due on them, the company states that are bidding for the money that Iowa is
to be paid one half of one per cent on such collec taxing out of her reach, and the decision of this
tions which were to be deposited to the credit of the case in the interest of municipalities will be a very
owners of the securities in the German Savings great assistance to them, and an equal detriment to
the state of Iowa in the judgment of men of finan
Bank.
cial
experience.”
To the person uninitiated in the Iowa law this
Judge P. B. W olfe rendered his decision in the
might appear to confer upon the Trust Company
no obligation to pay taxes on the property of other case. It is one of the most important rendered in
people, but it happens that some thirty years ago this state for many years, as it affects every bank
this state framed a law for the catching of money in the state, every trust company and every agent
sent into this state for investment, which had been of any kind or character holding negotiable paper
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Federal Reserve Bank of St. Louis
T H E N O R T H W E ST E R N B A N K E R .
May, 1903.
T he SEABOARD
N ATIONAL B A N K
O F T H E C IT Y O F N E W Y O R K
E F F IC IE N T L Y
TORY, EAST,
SERVES
A
LARGE
W E ST , N O R T H
AN D
T E R R I
SO U TH .
A C C O U N T S S O L IC IT E D .
S. G. B A Y N E , P re s id e n t.
S. G. N E L S O N , V ic e-P re sid en t.
C. C. TH O M PSO N , C a sh ie r.
F R A N K D E A N , V ic e-P re sid en t.
W. K . C L E V E R L E Y , A. C.
and involves in the decision millions of dollars
worth of property owned by residents of Iowa and
the residents of other states.
The decision i!s
against the German Trust Company of Davenport,
which the court holds must pay taxes on notes,
mortgages, etc., to the value o f $746,650. The de
cision is a sweeping one and holds that taxes must
be paid on property of non-residents the same as
residents. The court says:
‘‘For many purposes the domicile of the owner
is deemed the situs of his personal property. This
however, is only a fiction, for motives of conven
ience and is not of universal aplication, but yields
to actual situs of the property when iustice re
quires that it should. It is not allowed to be con
trolling in matters of taxation. Thus, cornoral per
sonal property is conceded to> be taxable at the
place where it is actually situated.
“ The obligation to pay taxes on property for
the support of the government arises from the fact
that it is under the protection of the government.
Now, here is property in this state, not for a mere
temporary purpose, but as permanently as though
the owner resided here. It ife employed here as a
business, by one who exercises over it the same con
trol and management as over his own property. It
is exclusively under the protection of the laws of
the state. It has to rely on the laws for the force
and validity of the contracts of the loans and the
preservation and the enforcement of the securities.
If credits can ever have an actual situs other than
the domicile of the owner, can ever be regarded as
property in any other state, and under obligation
to contribute to its support in consideration of be
ing under its protection, it must be in this case.”
Capital Must be Paid Up.
A small reform, but which is in the right direc
tion, is being worked out by the state officals in the
matter o f the capital stock of banks. The state and
savings banks have been organized under articles
similar to other incorporation articles with quite
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Federal Reserve Bank of St. Louis
frequently an authorized capital stock far above
the actual workng capital stock. When organi
zation has been effected this way it is because the
bank directors believe that the time may come when
they shall desire to increase the capital stock, and if
the articles admit of it this increase can be effect
ed quickly. But State Auditor Carroll is disposed
to take the view that the authorized and working
capital stock should be the same or practically the
same, or in other words, that banks should not be
permitted to organize under a flexible charter so
that they may increase or decrease the working cap
ital at will. The banks are on a different basis
from other corporations.
The state auditor,
through his banking department, is required to keep
very close tab on banks. They are subject to exam
inations at any tiiiae. They are required to have
certain reserves, etc., proportionate to the working
capital. It is the duty of the auditor to know
about these things and see to it that the law is not
violated or ignored. But if a bank may increase or
deci ease its capital stock at will and without giving
the state auditor any notice then he cannot very
well be responsible if the law is violated under this
arrangement. And so it is that the state auditor is
insisting that the working capital of banks, state
and savings, shall be substantially the same, and
if there is to he any changes therein they must come
in the regular way. A s the result of this policy a
state bank the other day filed with the secretary of
state an amendment to its articles decreasing capial stock from $75,000 to $40,000. While this was
the purpose of the amendment the fact is that the
bank at the same time increased its working capi
tal from $25,000 to $40,000, thus making the
authorized and working capital the same. The
policy of insisting on this will be followed in the fu
ture, and in the end it will put the banking business
so far as the reports to< the state officials are and the
records are concerned, in cuch better shape. It is
one of many small but important reforms being
effected instate affairs.
May, 1903.
T H E N O R T H W E ST E R N B A N K E R .
STATE BANK, 1832.
9
N A T IO N A L BANK, 1864.
The Western National Bank
O f P h ila d e lp h ia .
4 0 0 ,0 0 0
C a p ita l................................................................. ................. $
S u rp lu s .....................................................................................
2 3 2 ,3 8 4
D e p o s its ................................................................................... 2 ,6 2 3 ,4 3 3
C. IN. WE3VGAINDT, P r e s id e n t .
A ccounts of B anks a n d B ankers solicited.
C H A R LES F . WIQNAEL, A s s ’t C a s h ie r .
C orrespondence in v ited .
in tru sted to us.
Iowa Conditions.
Fred A. Bennett, President of the Peoples’ Sav
ings Bank of Sioux City, and for years bank exam
iner, does not believe that it would be possible to
repeat now the experiences of Iowa in the panic of
1894. He says that the banks of the state have
been so cautious, in recent years that a very large
proportion of them would be able to pav out 100
cents on the dollar in case of receivership.
“ The banks of Iowa were never in as eood con
dition as at the present time. During the last four
years there have been no failures of state or sav
ings banks in this state. In the Tenth and Eleventh
districts with about 145 banks under the supervi
sion of the state auditor there is not one that would
not be able to pay the depositors in full if placed
i'n the hands of a receiver. National bank exam
iners tell the same story relative to the condition
of national banks and it is not unreasonable to as
sume that the private banks are in a condition
equally as good. The ancient appetite for high rate
boom paper has disappeared. Instead, the banks
have invested in real estate loans, cattle paper and
other safe securiites which may be realized upon.
From all indications the banks of the neighboring
states are in a prosperous condition and conducted
upon conservative lines. With the note cases of the
banks filled with securitie worth a hundred cents
on the dollar the consequences of the last panic
could not be repeated. The public is unfamiliar
with the financial situation and does not become
frightened and withdraw its money until the banks
begin to break. A solvent bank is seldom forced
to suspend and in the absence of such fright it is
unreasonable to suppose that the banks would en
counter much difficulty. A financial crisis would
affect business generally but the recovery would be
reasonably rapid and there would be little business
for the sheriff and undertaker. The condition of
financial affairs during the last six months has
cleared the atmosphere. Business men look for
ward to an active and profitable year’s business, and
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Federal Reserve Bank of St. Louis
P ro m p t an d careful atten tio n to all m atters
with the exercise of sound judgment there is no
reason why we should not enjoy several years of
good times.”
The Value of Credit.
An;anecdote has been recently told illustrating the
benefit of mercantile character, which, especially in a
time of financial depression, is of more value than
gold or coupons.
Years ago a young man landed in London with
nothing but a plan for securing subscriptions to a
promising business enterprise, and a letter of intro
duction to an eminent banker who was one of his
father’s oldest friends. He needed credit, and could
do nothing without it. So he presented himself and
his letter to the banker, who asked him into his pri
vate office.
There the Englishman put his friend’s son through
a searching examination to see if he were worthy
of confidence, and if his scheme should receive favor
able consideration. Satisfied with the result of the
interview, the gentleman offered neither aid nor the
benefit of his name by taking shares in the corpora
tion the young man represented, but simply said:
Meet me on Change at one o’clock tomorrow.”
When they met, the city magnate took the un
known young* man familiarly by the arm and walked
up and down in sight of everybody, chatting with
him pleasantly, and then said, “ Good day!” The
following noon the two met again, and walked to
gether as before.
“ Is there anything I can do for you ?” asked the
banker, with a shrewd smile a few days later. “Are
you making any progress in the sale of your stock?”
‘‘I am,” answered the young man. “ I don’t un
derstand the reason why, but everybody, seems will
ing to listen to me. I have done better than I feared.
No one has given me a single rebuff.”
The respectful and cordial personal consideration
shown him by one of the most trustworthy moneyed
men in London, put the stranger into a position
T H E N O R T H W E STE R N B A N K E R .
IO
May, 1903.
! f r é t a n t s £xcftanSe Rational
2 5 7 BR O AD W A Y
OF T H E C I T Y O F N E W Y O R K CONDENSED S T A T E M E N T , APRIL 9, 1903.
L o a n s ........................................................................ $4,513,486.87
U . S. B onds $250,000; P rem iu m , $19,375...
250,000.00
O ther B o n d s ..........................................................
182,868.13
D ue F rom B a n k s..................................................
287,134.91
C a s h .......................................................................... 2,268,443.26
$7,501,933.17
PHINNEAS C. LOUNSBURY, President.
EDWARD V. GAMBIER, Asst. Cashier.
C a p ita l....................................................................... $ 600,000.00
S u rp lu s an d U ndivided P ro fits........................
336,744 27
C irc u la tio n ..............................................................
243,050.00
D e p o s its ..................................................... 6,322,138.90
$ 7,501,933.17
ACCOUNTS SOLICITED.
where everybody had confidence in him. Those two
interviews on “ the street” gave him a standing
which several years of mercantile struggle might not
have achieved.
A LL ïN S. APGAR, Vice-Pres, and Cashier.
JOHN I. COLE, Assistant Cashier.
“ Frank Y . Locke, Sibley, is the treasurer and
should receive remittances.
“ Come to Davenport July 28th and 29th and
enjoy our annual convention.”
J. M. Dinwiddie, Secretary.
The Value of the Iowa Bankers Association.
In answer to an inquiry by an Iowa banker in
regard to the work done by the Iowa Bankers’ A s
sociation and the benefits! derived from being a
member of same, the secretary wrote briefly:
“ The association has brought the bankers of the
state closer together. It has acquainted them with
each other. Has been the means of bringing them
together to discuss matters ¡of general interest. Has
made it customary for bankers of different sections
to 'have their own local meetings, to discuss their
own needs and to correct abuses and to make uni
form business transactions between themselves and
their customers. It has made uniform many bank
customs not uniform before. It was instrumental
in securing the passage of the Uniform Negotiable
Instrument bill and abblishing days of grace.
“ Some very wholesome legislation has resulted
from its attention. It is opposed to and aids in the
prevention of legislation opposed to the interest and
welfare of the people at large, believing in and
working for laws at once just and equitable.
“ Through its active work the uttering of forged
paper by bank swindlers has been reduced to the
minimum. A dozen or fifteen men are now serving
prison sentences for forgery, through the prosecu
tion and efforts of the association.
And the association now proposes to increase
its protective fund so that it can make more active
and effective its work against this class of crimin
als. It proposes also to offer a large standing re
ward for the arrest and conviction of bank burglars
who may attempt to burglarize or succeed in burg
larizing a member of the association.
“ It proposes to do all it can for its members and
feels that $5.00 invested in a membership or annual
dues is a good investment.
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Federal Reserve Bank of St. Louis
Iowa Group Meetings.
Chairman Ely of Group 7 is after the banks in
his district that are not members of the state asso
ciation. He has recently sent out the following
letter :
Group No. 7 is composed of twelve counties, viz. :
Benton, Cedar, Clinton, Iowa, Johnson, Jones, Jackson, Linn, Muscatine, Poweshiek, Scott and Tama.
Investigation shows that there are about 175 banks
doing business in these counties, of which about onehalf are members of the association.
An increased membership is desired. The in
terest of the banker will be looked after and con
served as to legislation, protection from swindlers,
forgers and burglary much better if we are united.
The “ band o f membership” holds many good things.
The next annual convention will be held at Dav
enport, Iowa, July 28-29. On the second day of
the convention the Iowa and Illinois associations
will hold a joint session.
The spirit of organization is abroad, and a large
membership will assure greater results. W e want
y°u to become a member of the Iowa Bankers Asso
ciation. Five dollars will pay your dues to June,
1904.
You can’t afford to stay out for $5 a year. The
protection feature is of great value.
If you are a member then try to get your neigh
bor to join.
If you are not a member, you are invited to be
come such.
Send $5 to Frank Y . Locke, Treasurer, Sibley,
Iowa, and get a “ Certificate of Membership” good
until June, 1904.
You are invited to get into the “ Band W agon”
and come to the convention at Davenport, Iowa.
May, 1903.
>M
*+++4* T+♦•HrH
M
f
T H E N O R T H W E STE R N B A N K E R .
4*•§••#•++•!•-fr
11
++ 1r4f
ThE N EW YO R K ÎÎA TIO M t EXCHANGE BANK.
S .w .C O R .C H A M B E R S ST.
&
W EST BROADW AY
------ »C(G>a--------
D ei
B a n k D ou b les Its 'Capital.
The stockholders of th e New York Na
tional Exchange Bank voted yesterday to
increase the capital stock of the bank to
$1,000,000 by issuing 5,000 additional shares
a t -$200 ratab ly to present stockholders
who shall subscribe for it on or before
April 15.
_______
beging
runnij
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4. O ur D, p irtm en t for H an d lin g B IL L O F LA D IN G D R A F T S a F e a tu re of O ur E q u ip m e n t,
+
We can Serve You Well.
W rite fo r M ap c o v e rin g th e p a y m e n t o f N e g o tia b le In s tr u m e n ts th ro u g h o u t th e S ta te s, T e rr ito rie s a n d N e w P ossessions of th e U. S.
Hon. A. B. Cummins of Iowa and Hon. Joseph Gr.
Cannon of Illinois will address the convention.
Come and hear the “ big guns.”
Group 1, which comprises the southwest Iowa
counties of the State Bankers’ Association, will hold
its annual meeting in Council Bluffs Thursday, May
21. The session will probably be held in the League
room at the Grand hotel, and it is expected that half
a hundred bankers from this section of the state will
be present.
The meeting here last year was one of the largest
attended group conventions held in the state, and
the visiting bankers were so delighted with their en
tertainment that they decided to return to Council
Bluffs again this year.
Congressman Walter I. Smith o f this city has
accepted an invitation to deliver one of the principal
addresses of the meeting. He will discuss, by re
quest, “ The Proposed and Enacted Financial Legis
lation of the Fifty-seventh Congress.”
Group 5 , Iowa Bankers Association will meet at
Clarion, May 27th and the following programme
will be presented:
A ddress of W elcome
P . H . G oslin, C larion
“ W hat W e A re H ere F o r”
- - W. R. Jam eso n , C larion
Roll Call of B anks in G roup Five - I. W. K eerl, M ason City
“ A ssociation W o rk ”
“ R ound T a b le ”
W. H. Jo n es, P opejoy
“ T h e B anker an d H is A tto rn e y ”
........................................H on. B. P. B irdsall, M. C.
“ R esponsibility in Escrow M atters”
.................................................J . D. D enison, J r ., C larion
“ G roup M eetings”
“ R eal E state L oans vs. C om m ercial P a p e r as an In v est
m ent
•
F . A. H a rrim a n , H am p to n
O p p o rtu n ity to Jo in S tate A ssociation.
E lection of Officers.
P resident M iller, S ecretary D inw iddie an d C h airm an F .
H . R hodes of G roup T h ree prom ise to be w ith us if possible
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Federal Reserve Bank of St. Louis
N . B. E very b a n k e r in the G roup is expected to send a t
least five questions to W. H . Jones, P opejoy, Iow a, to be
discussed at the R ound T able. Send questions a t once.
O f f i c h r s — W . R. Ja m e so n , C h airm an , C larion, Iow a; I.
W. K eerl, S ecretary , M ason City, Iow a.
E x e c u t i v e C o m m i t t e e —F , M. H an so n , C ashier S tate
S avings B ank, K anaw ha; C, J T h o m p so n , P resid ent F orest
City N atio n al B ank, F o rest City; Geo. H . C han dler, P resi
d ent H om e T ru st a n d S avings B an k , O sage; E. C. P la tt,
A ssistant C ashier Citizens S tate B ank, E ag le Grove; L. E.
B o u rq u in , C ashier F arm ers S avings B an k , Allison.
Nebraska Group Meetings.
Date and place o f Group Meeings during month
of May are as follow s:
Group 2, at Lincoln, May 22d, 10:30 a. m., Lin
coln Hotel; C. B. Anderson, Crete, President; C.
W. Weckbach, Crete, Secretary.
Group No. 6, at Grand Island, May 27th, 2 :oo
p. m., George B. Bell, Grand Island, President; S. K.
Warrick, Broken Bow, Secretary.
Group No. 8, at Crawford, May 28th, J. W.
Welpton, Ogalalla, President, E. C. Million, Elgin,
Secretary.
The meeting o f Group No. 8, was originally set
for June 10th, but at my request they very kindly
changed date to the 28th inst., in order that those
bankers who attend the meeting of Group No. 6,
at Grand Island, may go to the Crawford meeting
and thence to Valentine.
The officers of each group have requested me to
especially invite all who desire to come; and these
metings being timed so closely together, it is hoped
for a large attendance at each of them from the
banks of the state.
The time for the meeting of Group No. 1, J. T.
Trenery, Pawnee City, President, H. D. Wilson,
Nebraska City, Secretary, has not yet been fixed.
The Northwestern Bankers’ Association known
as group 4 of the Nebraska Bankers’ Association,
12
T H E N O R T H W E ST E R N B A N K E R .
t h e
May, 1903.
M e r c h a n t s N ational B a n k ....
2775
*
of
OMAHA, N EBRASKA.
F R A N K M U R PH Y ,
P r e s id e n t.
B EN B. WOOD,
V ic e-P re sid en t.
C A P IT A L & SURPLUS
L U T H ER DRAKE,
C ash ier.
S$ 6 0 0 ,0 0 0 S
F R A N K T. H A M IL T O N ,
A sst. C ash ier.
U. S. D E P O S I T O R Y .
held its annual business meeting- and banquet at
Pender April 23d. The meting was attended by a
number of the leading banking men of the state,
including Secretary Royse of the state association.
The bankers report the meeting a highly successful
one.
The address of welcome to the bankers was de
livered by Mayor T. L. Sloan ¡of Pender, and the
response was made by T. L. Kearney of Jackson.
The meeting was for the purpose of discussing the
banking interests of the Northwest, and for the an
nual election of the officers of the association.
Papers were read
and
discussed by the
leading members of the association.
Among
the papers was one by Mr. Royse, entitled
“ Critical Seasons in Banking in Nebraska,” an
other by D. C. Main on the subject, “ Insurance of
Bank Deposits,” and by W . H. Bucholz of Norfolk
on the subject, “ Country Bankers Interest in Cur
rency Reform.” Various other banking topics were
discussed.
A banquet was held in the evening and was
attended by all the
visiting members of
the association
and by prominent
citizens
of Pender and Thurston County. The affair
was an elaborate one, and the toasts and responses
sparkled with wit and humor. The bankers were
greatly impressed by the able manner in which the
affairs of Thurston County are managed, and by the
exceedingly good condition of the county’s finances.
This was considered remarkable owing to the fact
that only one-eleventh of the land of the county is
subject to taxation, the remainder being Indian
allotments which are exempt from taxation. Some
of the ablest men of the county in the legal and
other professions are either full blood, half-blood or
quarter-blood Indians.
The following officers were elected: President,
E. T. Kearney of Jackson; Vice President, E. T.
Rice of Bancroft; Secretary, W . P. Logan of Ponca;
Treasurer, W . L. Mote of Plainview ; Member of
State Executive Committee, E. A. Wiltse.
Executive Committee, John Forest of Pender,
Gus Renard o f Wausa, W . Newmyer of Lyons, M.
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Federal Reserve Bank of St. Louis
A C C O U N T S S O L ICITE D .
S. Merrilll of Carroll and G. L. Woods of Ponca.
The following were among those in attendance:
E. Royce, secretary state banking board, Lincoln,
H. R. Gould, secretary Nebraska State Banking
Assoication, Omaha, A. Millard, Frank Boycl, V . B.
Caldwell and C. T. Ivountze Omaha, Charles A.
Dunham and J. C. French, South Omaha, John IT.
McHugh, W . P. Manley, James F. Toy, Sioux City,
A. L. Tucker, Wayne, E. R. Gurney, Winside, W .
L. Mote, Plainview, George H. Haase, Emerson,
John Forest, E. A. Wiltse, W . I. Wiltse, M. S. Pil
ling, T. W . Maus, H. D. Hancock, Pender, D. A.
Paul, Concord, D. Mathewson, Norfolk, R. H.
Mathewson, W . E. Fuller and Edgar M. Hood,
Wakefield, G. L. Wood and W. P. Logan, Ponca,
E. T. Rice and J. E. Turner, Bancroft, M. Waters,
Hubbard, E. E. Sweetser, Emerson, J. W . Stewart,
Wisner, C. A. Darling, Harold Forrest, W . S.
Newmeyer and Fremont Eeverett, Lyons, B. H.
Shaberg, Pilger, G. A. Baily, William Ward, and
Otto Gatzmeyer, Bancroft, D. C. Main, Rollie M.
Rey, and H. S. Ringland, Wayne, H. M. McClusky,
Winside, Levi Kimball, Wakefield, Guy Wilson,
Laurel, W ill Warner, Creighton, W . H. Bucholz,
Norfolk, G. H. Renard, Wausa, A. J. Lindstrom and
William Barge, Bloomfield, H. L. Buckingham,
Plainview, I. C. Neumann, Oakland, G. C. Merrill
and M. S. Merrill, Carroll, J. N. Kuhl, Randolph.
A. K. McConnell, McLean, E. M. Kimball and W .
S. WTston, Hartington, C. J. O ’Connor, Homer,
W . T. Graham and Louis Simpson, Laurel, E. T.
Kearney, Jackson, and L. V. Haskell, bank exam
iner, W kefield.
The next meeting place— Ponca.
The third annual meeting of the bankers of Cfo'ip
Five, Nebraska Bankers’ Association, was held in
Fairfax, April 22d. Twenty banks yere represented
and there were in attendance thirty-three bankers
or men closely connected with some bank. It was
one ol the best attended meetings in the history of
the Group and the proceedings were full of value
and interest. The next meeting will be held on
Arbor Day, 1904, at Harvard.
May, 1903.
THE
N O R T H W E STE R N B A N K E R .
13
Iow a S ta te N ational B ank
Sioux City, Sowa.
C A P IT A L ,
D E P O S IT S ,
-
-
-
$ 2 0 0 ,0 0 0
1, 788,852
. . . O F F IC E R S . . .
C E O . W E A R E , P re s id e n t.
H . A. J A N D T , V ic e -P re s .
H . A. G O O C H , A sst. C a s h ie r.
J O H N M c H U C H , C a s h ie r.
T h i s b a n k h a s u n e x c e l l e d f a c i l i t i e s f o r t h e p r o m p t a n d c a r e f u l h a n d l i n g o f a l l b u s i n e s s e n t r u s t e d to it.
The meeting was called to order by Hon. J. B.
Dinsmore, President of the Association, G. F. McGrew, of Omaha, delivered an address on the sub
ject “ Examination of Banks by Public Authority,”
which was an exhaustive analysis of the subject
and was listened to with close attention. Thomas
H. Matters spoke on the subject “ The Bank’s Attor
ney.” “ The Social Side of These Meetings” was
pleasingly discussed by C. G. Lane of Hastings.
Then followed “ Round Table Talks” — open discus
sion, reports of secretary and treasurer.
The committee on nomination reported the names
of the following gentlemen as office bearers for the
ensuing y ea r: George T. Brown, President, Hast
ings; M. L. Leubben, Vice President, Sutton; W. D.
Galdraith, Secretary, Hebron; C. F. Gunn, Treas
urer, Blue Hill.
A t the conclusion of the business part of the pro
gram a banquet was served after which came the
toasts as follow s:
“ The Bank Director,” Mr. Epperson. Remarks,
W. E. Rhoades, Omaha. “ Reminiscences of Early
Banking,” J. B. Dinsmore, Sutton. “ The Ladies,”
C. F. McGrew, Omaha. Remarks by President
Brown, Messrs. J. B. Dinsmore, W. D. Galbraith,
Leubben Kuenneth, Gund, Jenkins, Taylor, Whipkey, Updike, Lewis.
Those in attendance were W . H. Swartz, Union
State Bank, Harvard; J. W. Israelson, Farmers’
vState Bank, Saronville, L. L. Brandt, Bank of Glenville; E. E. Horton, Ivenesaw Exchange Bank;
W. D. Galbraith, Thayer County Bank, H ebron;
William Kerr, Adams County Bank; W . A. Taylor,
First National, Hastings; J. B. Whipkey, Citizens’
State, Carleton; George T. Brown, Frst National
Hastings; John P. Madgett, First National, H as
tings; W. E. Rhoades, U. S. National, Omaha; W.
B. Byors, Columbia National, Lincoln; Thomas
H. Matters, Harvard; P. H. Updike, Omaha; F. M.
McGrew, State Bank, Ruskin; W. T. Auld, Red
Cloud; C. F. McGrew, Omaha National Bank;
C. J. Van Houten, Juniata; C. F. Gund, First Na
tional, Blue H ill; John Slaker, German National,
H astings; J. L. Epperson, F. Anawault, C. L.
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Federal Reserve Bank of St. Louis
Lewis, T. P. Shively, J. E. Spatz, E. J. Jenkins,
Fairfield; C. G. Lane, Exchange National, Hastings;
Frank J. Haskell, Brokers, Omaha; F. L. Kountze,
First National, Omaha; M. L. Luebben, First N a
tional, Sutton; F. Kuenneth, Union State Bank,
Harvard; J. B. Dinsmore, Sutton.
Echoes of a Bank Failure.
Lincoln, Neb., May 9.— Ten different suits grow
ing out of the failure of the Capitol National Bank
of Lincoln in 1893 have been appealed ff> the su
preme court. Briefs for all the plaintiffs in the
cases were filed with the clerk today.
When the bank failed among the most heavy de
positors were the Jones National Bank, Bank of
Staplehurst, the Utica Bank and Thomas Bailey.
These were not satisfied with the amounts which
they received from the receiver of the bank when
the depositors were paid a share of the assets of the
insolvent bank. Suit was ‘brought in the lower
court against D. E. Thompson, Charles Yates and
Ellis Hamer as directors of the bank to recover the
amount of the deposits. Judgments were awarded
them and the cases have been bandied about from
one court to another for years since the original
suits were brought. Hamer died solvent during
this time and his estate is now made a party to the
contention. The cases filed today were those in
which Bailey is attempting to recover the amounts
of his deposits from Yates and the Hamer estate,
the Jones National Bank from D. E. Thompson and
the three banks from Yates and the Hamer estate.
Nebraska Bankers to Give New Bonds.
Nebraska bankers are busy making arrangements
to change the form of security given for the money
deposited with them by the state and county treas
urers. A t the last session of the legislature a law
was passed making it impossible for the state and
the counties to accept bonds signed by any stock
holder or officer of the bank as security for deposits,
and making the acceptance of bonds given by secur-
T H E N O R T H W E ST E R N B A N K E R .
M
May, 1903 .
Cbe peoples 'Crust and Swings
QL^IINTO IN, I O W A ,
S t a t e m e n t a t t h e c l o s e o f b u s i n e s s A p r il 2 0 , 1903.
C a p ita l.............................................................................................. $300,000.00
S u rp lu s..........................................................................................
120 oco.oo
U n divided P ro fits............................................................ ............
7x, 381 73
D e p o s it s .......................................................................................... 4,068,628.98
$4, 560,010.71
L o a n s ...........................
R eal E s ta te ...........................................................
Cash and in b a n k s ........... ....................................................
13,763,971.50
10,000.00
786,039.21
$4,560,010 71
O F F IC E R S
G. E.
C h as.
Lam b,
F A lden ,
J. D. Lamb,
L. Lamb,
AND
D IR E C T O R S :
P resident
C B M il l s ,
V ice-President
W a r d W . Co o k ,
T. M Gobble,
1). Langan,
S. W. G ardiner,
Cashier
-
A s s ’t C a s h ie r
A M Ingwersen.
«
ity companies lawful. A t present there are few of
the county and state depositories that have not given
personal bonds for the public deposits and all of
these bonds will be worthless when the new law
goes into effect. There are not many indemnity
companies that make a practice of signing bonds
for the security of deposits, and there is but one in
Omaha.
The state bankers’ association has an indemnity
company in co-operation with it, but under the pres
ent arrangement this company will not give bonds
for the security of deposits, and confines its business
exclusively to bonds for the employes and officers of
banks. The secretary of the bankers ’association,
who is the state representative of the co-operating
bond company, is now making an effort to have the
company extend its scope to cover the bonds re
quired for state and county deposits.
The present board o f directors is composed of W.
M. Smith, Frank Frisbee, J. E. Van Patten, F. E.
Frisbee, J. H. Archer and Fred Frisbee. These di
rectors constitute a majority of the stockholders
and hold $70,000 of the $75,000 stock. The surplus
and profits is $14,225, giving the bank a workingcapital of $89,225. It has paid regular dividends
A Representative Iowa Bank.
W e present herewith a cut of the First National
Bank’s building, Sheldon, Iowa. This bank recently
celebrated its fifteenth birthday and the splendid
record it has made and its present excellent standing
are worthy of more than passing mention.
It is looked upon as one of the largest and most
substantial banks in northwestern Iowa. President
Smith and Cashier Frisbee have seen it grow from n
small institution in 1890 with $35,000 deposits to
the present time when its total resources are over
$462,000.. The bank was established in 1888 with
a captial of $50,000, with George W . Schee as
President and C. S. McLaury as Cashier. Mr.
Schee retired in 1889 and was succeeded as Presi
T h e F irst N ation al B a n k of Sh eld on
dent by C. S. McLaury, who held that office until
1895. A t that time Mr. M cLaury retired and every year since its organization, and last year be
Frank Frisbee was elected President, serving con sides paying its regular dividends, it added $2,000
tinuously until January of this year when he re to surplus and profit account and expended over
tired on account of pressure of other business and $2,000 in improving the office and banking room.
was succeeded by W . M. Smith, the Cashier F. E.
The banking room has been newly arranged and
Frisbee being advanced to the Cashiership. The furnished and is strictly up-to-date in all its equip
capital was increased in April, 1901, to $75,000. ment and appointments. The Manganese safe used
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Federal Reserve Bank of St. Louis
P. M. STARNES.
P. M. S t a r n e s , C h i c a g o , V i c e -Pr e s id e n t an d G e n e r a l Ma n a g e r
C o m p a n y o f t h e U. S. A .
S U P P LE M E N T TO
T H E N O R T H W E S T E R N BANKER
MAY,
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Federal Reserve Bank
r> of St. Louis
1903
of t h e
N a t i o n a l L i f e In s u r a n c e
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Federal Reserve Bank of St. Louis
SU PPLEM ENT
TO
T H E N O R T H W E S T E R N BAN KER
MAY,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1903
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Federal Reserve Bank of St. Louis
Mar, i9°3-
T H E N O R T H W E STE R N B A N K E R .
H
is a new one placed in the bank one year ago at an
expense of $1,900. The bank is also provided with
steel safety deposit boxes for the use of its cus
THE
tomers. A ll of these things go to show that the
N a tio n a l C itiz e n s
bank is managed by active, progresive, up-to-date
BANK,
men.
B roadw ay, Near C a n al,
A comparative statement of the growth in de
NEW YORK.
posits for the past six years shows as follow s:
April, 1897, $/8,ooo; April, 1898, $138,000; April,
C u sto m House T rans fers
L e tte r s of C re d it
1899, $190,000; Apiil. 1900, $223,000; April,
F o reig n E x c h a n g e
1901, $310,000; April, 1902, $320,000; April,
C a p it a l, S u r p lu s & P rofits,
8 2 ,2 0 0 ,0 0 0
1903. $3 S3 -ooo.
D E P O S IT S ,
8 8 ,0 0 0 ,0 0 0
W. M. Smith, the President, is a man oi wide ex
OFFICERS.
perience, having been a successful banker for the
E d w in S. S chenck, P r e s id e n t
past twenty-five years. He helped to establish and
E w a ld E le itm a n , V ic e -P re sid e n t
H e n ry D im se, C ash ie r
became one of the active managers of the Dickin
N e lso n A. R ey n o ld s, A sst. C ash ie r
A lb io n K. C h ap m an , A sst. C ash ie r
son County Bank at Spirit Lake in 1878, and later
D IR E C T O R S .
F
ra
n
c
is M. B acon J r . A r t h u r L. L e s h e r
sold his interest there and established and became
D a n iel A. D avis
A u g u st. E. L ib b y
L. P. D o m m e ric h
E lk a n N a u m b u rg
Cashier of the Commercial Savings Bank, now the
E w a ld E le itm a n n
E d w in S. S c h e n ck
F r e d e ric k S o u th a c k W m . H a lls J r .
First National Bank of Milford. He retired from
P e a rs o n H a ls te a d
E m il S eyd J r .
R obt. B. H irs c h
J a m e s S tillm a n
the Milford Bank tp accept the Cashiership of the
Jacques H u b er
H e n ry B. S to k es
First National Bank of Sheldon in 1889. He is also
E d w a rd A. W a lto n
President of the Sibley Savings Bank and President
of the Ocheyedan Savings Bank, and a stockholder
in the First National Bank of Hartley, the San
born Savings Bank, The Farmers’ Savings Bank
of George; Farmers’ Savings Bank, Boyden; Citi
An Important Consolidation.
zens National, Ortonville (Minn), Clinton State
On Tuesday, May 12, there was consummated in
Bank, Clinton (Minn.); the Brewster (Minn.) State
Des
Moines the consolidation of one of Iowa’s lar
Bank; the State Bank of Woodstock (Minn.) and the
gest financial institutions. The National Life &
Castlewood, (S. D .), State Bank.
F.
E. Frisbee, who succeeded Mr; Smith as CashTrust Company with the National Life Insurance
ier, has had over twelve years’ experience in the Company,-U. S. A., of Chicago.
The deal is of particular interest to the banking
banking business, having entered the First National
Bank of Sheldon, as Assistant Cashier in 1890. Pie fraternity because p f the number of bankers in the
is largely interested in outside affairs and is a stock Northwest interested in the National Life & Trust
holder in the Sibley Savings Bank, the Ocheyedan Company, the corporate existence of which is ter
Savings Bank, the First National Bank of Hartley, minated by the consolidation.
By the union of the two companies the National
the Sanborn Savings Bank, the Farmers’ Savings
Bank of Boyden, the Brewster State Bank of Brew of the U. S. A. will have on its books about $40,ster (Minn.), the State Bank of Clinton (Minn.), the 000,000 o-f insurance and not far from $5,000,000
Citizens’ National Bank of Ortonville (Minn.) the of gross assets, of which nearly $3,500,000 is its
own accumulatipn and about $1,500,000 the assets
State Bank of Woodstock (M inn.).
J. E. Van Patten, who has been Vice President transferred by the National Life & Trust, which
for the past ten years, was f r years with the firm of also transfers approximately $15,000,000 of insur
V an'Patten & Frisbee Bros., in the grain and im ance including its ten-year investment endowment
plement business. Mr. Van Patten is also a stock policies. Louis G. Phelps, its present chief execu
holder and director in the First National Bank of tive, will continue as president of the company, giv
ing it the benefit of his fine financial ability, amply
Hartley and the Ocheyedan Savings Bank.
The other directors, Frank Frisbee, Fred Frisbee demonstrated before he assumed his present posi
and J. H. Archer, are all prominent business men, tion. Under the terms of the union, President P.
wealthy land owners, and men of large financial inter M. Starnes of the National Life and Trust becomes
ests. The First National of Sheldon is a progressive vice-president and general manager, in charge of
Iowa bank, managed upon conservative lines, and the insurance of the company and the field force of
enjoys the confidence of the banking fraternity and the National of the U. S. A., of which he becomes a
business community.
large stockholder.
Mr. Starnes has demonstrated remarkable ability
as an organizer. In the four years since the N a
The Iowa Saving Bank recently organized in tional Life & Trust was organized it has accumu
lated a million and a half of gross assets, over $ 1 5c5fTracy is expected to open for business.
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Federal Reserve Bank of St. Louis
i6
T H E N ORTH W ESTER N B A N K E R .
May, 1903.
FIRST N A T I O N A L BANK
O P P IC E R S.
MINNEAPOLIS,
J. B. G h f i l l »n
........ P resid en t
F . M. P r in c e ........ V ice-P resid en t
MINNESOTA.
C . T . J a f f r a y ___ ............C ash ier
D. M a c k er c h a r
C
E r n e s t C. B ro w n
a p it a l ,
* 1 ,0 0 0 ,0 0 0
S
urplus
.- - A s s ’t Cash.
A ss’t C ash .
, $ 4 8 7 ,0 0 0
D
e p o s it s ,
$ 1 0 , 0 0 0 ,0 0 0
We would be Glad to Hear from Banks who have Business in this Territory but no Direct Correspondent in
MINNEAPOLIS
South Dakota Bankers Association.
000 of surplus and some $15,000,000 of business.
P. M. Starnes, its president, was its organizer and
The State Bankers’ Association will hold its an
has been the governing force in its development. A
conception of the work which he has accomplished is nual convention in Mitchell on July 7 and 8. The
had from the fact that an agency force extending executive committee met several weeks ago and lo
over twenty-two states has been built up and drilled cated the meeting, but the dates were not decided,
to successful work. He will undoubtedly have still as Governor Cummins of Iowa had partially prom
greater success in the broader field which he has ised to deliver an address before the bankers. T o
day O. L. Branson received a letter from the gov
entered.
The National Life of the U. S. A. was chartered ernor accepting the invitation to address the bankers
by the government in 1868 under the leadership of on Wednesday evening, July 8. Mr. Branson has
Jay Cooke, and for several years it pushed its busi also secured the consent of Bartlett Tripp of Yank
ness. It passed into the control of other parties who ton to speak on the same evening. An elaborate
practically ceased writing new insurance, allowing program will be arranged, and aside from the ad
business to run off the books and buying up the poli dresses of the prominent bankers in and out of the
cies. This quiescent condition continued for several state. Arrangements will be made to secure a low
years, until, in the beginning of 1900, C. E. Mabie rate on the railroads. Special invitations will be
and- R. E. Sackett and Chicago capitalists, secured
sent to Governor Herried and other state officials
control and later brought about the consolidation
and prominent citizens of the state to be present in
with it of the Iowa Life, of which they had been
officers. In 1901 O. D. Wetherell, formerly comp Mitchell on the occasion.
troller of the city of Chicago, became a considerable
stockholder and president in place of Mr. Mabie, and
Mr. Sackett became manager and secretary. In
Nebraska News and Notes.
1902 Louis G. Phelps, a capitalist and successful
financier, with other capitalists acquired a controll
Lexington. Gothenburg will have a new bank.
ing interest. When the change of management oc
Kearney. The Farmers’ State Bank has opened
curred in 1900 efforts were directed to the organiza for business.
tion of an agency force and the company again en
Lincoln. The Fairmont State Bank has applied
tered the active field for business which has gradu
for
a charter.
ally increased and since President Phelps took hold
Ponca. J. M. Roberts of Fullerton will open a
has made rapid progress. The company last year
completed a magnificent office building on the site new bank here.
of its former building in Chicago, on La Salle street,
Goodwin. Parties have been here with a view
in the heart of the insurance and banking district.
of putting in a bank.
The ten-year investment endowment bond which
The First National Bank of Oakland is putting up
formed a large portion of the business of the Na
a new bank building.
tional Life and Trust, will not hereafter be written
James Forbes is now Vice President of the Anoka
by the National Life U. S. A.. The management
and the large force of agents under their command National Bank p f Anoka.
The First National Bank of Fremont will rewill devote their energies to the writing of all forms
of straight life insurance and the building up of a rcpdel their bank building.
large insurance company.
The Wisner State Bank has been incorporated
We present herewith cuts of the president and by Henry A. Daily and Hugo A. Leisy. Stock
vice-president of the National Life Ins. Co., U. S. A. $25,000.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
T H E N O R T H W E STE R N B A N K E R .
May, 1903.
TH E
S A F E T Y
17
LINK
B etw een y o u r Bank and B ank B urglars is OUR A U T O M A T IC E L E C T R I C V A U L T P R O T E C T IO N
SYSTEM
It h as long been conceded th a t E lectricity , pro p erly a p p lied , is the best form of p rotection
ag ain st B ank B u rg lars, and to such a point of efficiency have we perfected this system th a t We give you a
Positive W ritten Guarantee that it Cannot be Defeated by any B u rg lar alive. It is Safe—it is S u r e - i t is Pract i c a l - i t is E conom ical—it is E asily T ak en Care Of by any b o d y after in stallatio n - a n d is W ithin th e R each of
all b an k s, large or sm all.
Cannot we tell you more about this Safety L in k /
Write Us.
MINNEAPOLIS BANK PROTECTION CO., M IN N EAPO LIS, MINN.
The First National Bank of Omaha is the reserve
The First National Bank o f Lyons elected Harold
agent
of the National Bank of Pawnee City.
Forrest, Assistant Cashier.
The
Commercial National Bank of Fremont has
Fairfield. O. J. Mayborn o f Odell, is looking up
elected
A.
G. Christensen, Assistant Cashier.
prospects for a new bank here.
Glenville,
L. J. Brandt, L. T. Brandt, Enno
H.L. Sams is now Assistant Cashier of the First
Uden,
H.
J.
DeBuhr
have incorporated the Bank of
National Bank of Scotts Bluffs.
Glenville.
Stock
$12,000.
The Citizens’ Bank of Stuart has increased its
Kearney. The Farmers State Bank has been incapital stock to $25,000, paid up.
corporatd
by A. T. Reynolds, R. L. Hart and S. A.
B.
A. Jones succeeds J.W . Harper as President of
Robinson. Stock $25,000.
the First National Bank of Sidney.
D.
M. Boatsman is now President, C. L. Rothell,
Geneva. M. R. Chittick and others organized a
Vice President, and F. C. Rulla Cashier lof the Far
bank at Harvard. Capital stock $25,000.
mers and Merchants’ Bank of Sterling.
Gretna. Howard Clark has bought the majority
The April 9 statement of the First National Bank
of the stock of the Columbus State Bank.
of Pender shows deposits of $223,449, surplus and
Hubbard is to have a bank. Capital ,. $15,000. profits of $7,458 and capital of $50,000.
Incorporators, D. F. Waters, M. Water, and J. J.
Within the next thirty or forty days the First
Kennedy.
National Bank of Hastings will put in a large new
Fairmont. P. H. Updike and Charles E. W al burglar proof Manganese steel bank safe.
ters have incorporated the Fairmont State Bank.
The Farmers’ State Bank, Beemer, has just in
Capital $25,000.
stalled one of the famous Hibbard-Rddman-Ely
The Farmers’ State Bank has opened up for busi Manganese Steel Mob and Burglar Proof Bank
ness at Amherst. It is a branch of the Central Safes.
National at Kearney.
The Bank of Rogers, north of the Platte River,
H. W . Luedtke has resigned as teacher of the Bo- was burglarized recently and $2,200 in money was
heet school, and is now Cashier of the Citizens’ stolen. The funds were insured so the bank will not
suffer any loss.
State Bank of that city.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
th e
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e —<■—»— *
<£ h a s e
n a tio n a l
B an k ,
ban ker
.
May, 1903.
The Hamilton National Bank
O F C H IC A G O
O F T H E C IT Y O F N E W Y O R K .
C A P IT A L
$ 5 0 0 ,0 0 0
SURPLUS
$ 12 5 ,0 0 0
O F F IC E R S
C h a r l e s B. P i k e , P resident
D . W. B u c h a n a n , V ice-P resident
H e n r y M e y e r , C ashier
G e o . H. W i l s o n , Assistant Cashier
DIRECTORS
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U N I T E D S T A T E S D E P O S IT A R Y ,
C L E A R I N G H OUSE B U IL D IN G .
f j W . C annost, P re s .
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H. H. M i l l e r , A sst. C ash ier.
A. B. H e p b u r n , V ice-"’res.
C. C. S l a d e , A sst. C ash ier.
H . K. T w i t c h e l l , A sst. C ashier.
CAPITAL,,
=
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S U R P L U S AIND PR O PITS,
D E P O SIT S ,
=
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=
=
ACCOU N T S
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OF
B an k s, B an k e rs, C o rp o ra tio n s a n d F ir m s o n fa v o ra b le te r m s a n d w i.l
oe p le a se d to m e e t o r c o rre s p o n d w ith th o s e w h o c o n te m p la te m a k in e
c h a n g e s o r o p e n in g n e w a cc o u n ts.
The Union National Bank of Kansas City is now
reserve agent for the National Bank of Pawnee
Ctiy.
The Columbia National Bank of Lincoln has been
chosen as reserve agent for the First National Bank
of Sutton.
The First National Bank of Newman Grove
elected George C. Johnson, Vice President, in place
o f G. W. Randall.
Fairbury. The Harbine Bank sustained a loss
of $5,000 by fire. Insurance, $2,500. The'build
ing will be rebuilt.
The Commercial State Bank of Republican City
has been incorporated by J. B. McGrew, R. V . McGrew and C. E. Moffatt.
The Western National Bank o f the United
States, New York, is now reserve agent for the
South Omaha National Bank.
The Murray State Bank at Murray recently de
clared a 10 per cent dividend and also carried more
than 10 per cent to the surplus account.
Exeter. The new bank has been organized and
will open about the middle of June. President,
^
Taylor, Vice Persident, F. McGivern.
Ed L. Willits, was elected President and A. A.
Billings Secretary of Group 9 of the state banks as
sociation. The next meeting will be held in Alma.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
D elano, G en. M gr. C h i., B u rl. & Q uincy R a ilro a d .
W allace H eck m an , B usiness M anager C hicago U niversity.
C harles L. B a rtle tt. P resident O ran g ein e C hem ical Co.
T . A . S h aw , J r . , of T . A. S haw & Co.
A . A . S p ra g u e , 2d, of S p ra g u e , W arn er & Co.
Louis E . Laflin, M anager E sta te of M atthew L aflin.
G ran g er F arw ell; of G ran g er Farw ell & Co.
C harles B. P ik e, P resid en t.
D . W. B u ch an an , V ice-P resident.
We Study the Requirements of the Banks in
the Northwest and Endeavor to Meet
Them in Every Reasonable W ay
The J. D. Spearman & Co. Bank at Springfield
is going to be improved. C. F. Calhoun, Cashier
o f the bank, has an architect to draw up plans for
a new front for the bank building.
Burglars blew open the vault o f the principal bank
in Waterbury, a town about eighteen miles
from Sioux City April 23, and took all the money
m the bank, which was about $1,500.
Application has been approved to organize the
Genoa National Bank of Genoa. Capital, $25,000.
L. G. Stocks, D. A. Willard, C. R. W right, G. A.
Mollin and Amelia Stocks are the incorporators.
Oscar E. Engler of Crestón has been ap
pointed to the position of Cashier of the Nebraska
State Bank of West Point, made vacant some time
ago by the death of the former Cashier, Ludwig
Rpsenthal^who expired at his desk.
The Farmers’ National Bank of Pilger has elteced
Alexander Rogers, President, in place of Walter
K ey ; J. R. Chase, Vice Persident, in place of S. T.
Bordner; F. J. Young, Cashier in place of B. .Ste
venson; and J. Doty, Assistant Cashier.
A t a meeting of the board of directors of the
Arapahoe State Bank to fill vacancies caused by the
death of J. M. Patterson, President and Director,
R. C. Patterson was elected Director, Samuel Pat
terson, President, and Charles A. Patterson, Vice
President.
May, 1903.
T H E N O R T H W E STE R N
BANKER.
19
Balcer-Vawter ?rSstaco. Systems
Are absolutely trustworthy in every detail, providing a double check on
all receipts and disbursements. Being expansive throughout they meet
all requirements of new institutions and growing establishments. /¥
/■ :
BAKER-V Â W T E R COMPANY,
A c c o u n ta n ts , A u d ito rs , Devisers o f C o m p le te B u s in e s s S ystem s,
Physical an d A ccounting E x am in atio n s
A udits an d A p praisals w ith C ertificates.
Jay Rising , who has long been a familiar figure
in the First National Bank of David City for the
past five years, has decided to sever his connection
as Cashier of that institution and has accepted a
position with the National Bank of Commerce of
Kansas City, Missouri.
The Farmers & Merchants’ Bank of Gretna has
changed hands and C. K. Spearman, H. M. Hardin
and A. G. Burbank are now owners. C. K. Spear
man was elected President, H. M. Hardin, Vice
President, and A. G. Burbank, Cashier. These three
gentlemen will make a strong firm and will run a
strong and safe banking institution.
York, Neb., May 5.— Three men, believed to be
the authors of several bank robberies in this state
were captured here last night. In their possession
were found three grips, containing revolvers, dyna
mite, nitro-glycerine fuses, caps and syringe candles
and a select assortment of burglar’s tools. A ll of
them refused to give their names and are being held
for identification. They are well dressed, smooth
faced and intelligent.
A t the recent meeting of Group Three at Fremont
“ Burglar Alarms” created as much interest as any
subject brought up at the convention, and more
than two hours was passed discussing various larm
methods and “ Bank Safes.” A majority of the
delegates present participated, speaking informally
after the leaders had finished. It seems to be the
general opinion of bankers who have investigated
the system that the Electrical Protective System as
put in by the American Bank Protection Company
of Minneapolis is the best and safest and cheapest
system of bank protection yet devised.
The Commercial State Bank of Fairmont has
been organized with a capital of $25,000. P. PI.
Updike is President, Chas. E. Walters, Vice-Presi
dent, and L. IP. Denison Cashier, this making an
especially strong combination. Mr. Updike is the
President of the Union State Bank of Harvard and
is the owner of a chain of banks throughout the
state. Mr. Denison is an experienced banker of
many years and was for about fifteen years the Cash
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
T rib u n e B uilding, C H IC A G O .
9 6 0 C e n tra l B a n k B ldg., N E W tY O B S .
ier of the First National Bank of Crete. The
bank is now open for business and starts off under
very favorable auspices.
Omaha, April 25.— Judge Munger, in the federal
court today, rendered a decision which holds the
stockholders of the defunct American National Bank
liable for $200,000 of the indebtedness of that in
stitution. The American National went into volun
tary liquidation two years ago and the Union Na
tional Bank assumed its indebtedness, being secured
by the assets. These were insufficient to pay the in
debtedness, whereupon the latter sued to recover
from the stockholders of the American National.'
The First National Bank of Hastings has ab
sorbed the Adams County Bank of that city. The
deal is one of the largest
business transactions
in the history of the city as it involves over $250,000. The First National Bank possess the assets
and good will of the Adams County Bank and
assumes the liabilities of the same. A t the last
statement the combined deposits of these two- banks
was $882,481.94. The First National is to have
a lease of the present location of the Adams County
Bank for a term of one year, during which time a
new building will be erected for the express pur
pose of the First National Bank. William Kerr who
has been President of the Adams County Bank since
its establishment in 1886, retires.
Minnesota News and Notes.
Mapleton. The new bank will open on May 15th.
St. Bonifacius. W ork has begun on the new bank
building.
Plewitt. The First State Bank, capital $10,000
has been authorized.
Moose Take. Street Bros, have opened their
new bank at this place.
Eyota. The First National Bank building has
been destroyed by fire.
Elysian. The bank will soon occupy new quarters
in the Morton building.
T H E N O R T H W E STE R N
20
W M . H. B R I N T N A L L ,
Presid en t.
JO H N B R O W N ,
V ice-P resid en t.
BANKER.
May, 1903.
THE DROVERS DEPOSIT NATIONAL BANK.
UNION STOCK VAROS. CHICAGO.
*
CAPITAL AND
G E O .A . T I L D E N ,
C ash ier.
W M . M. B E N E D I C T ,
A s s ’ t Cashier.
To B a n k s an d B a n k ers H aving- M ore or L e s s L iv e S to c k B u s in e s s , th is
B an k O ffers E x c e p tio n a l A d v a n ta g e s , an d S o lic its C o rresp o n d en ce a s to T erm s
a n d F a c ilit ie s . A lso a c ts a s R e s e r v e A g e n t for N a tio n a l B a n k s.
SURPLUS,
$750,000 00
Revere. C. M. Henreman succeeds W . H. Gold
The First National Bank of Minneapolis has been
as director in the State Bank.
chosen as reserve agent for the First National Bank
Bingham Lake. Henderson & McMurty are re of Ortonville.
modeling- their bank building-.
The First National Bank of Thief River Falls
The First National Bank of Spring Valley elected elected C. A. Baker, Assistant Cashier, in place of
J. H. Graslie.
H. H. Steffens, Assistant Cashier.
Austin. The Austin National has bought the
Elk River. Houlton’s Bank will open on July
Dunkelman property and will erect a handsome
1st, with J. S. Gurney as Cashier.
G.
M. Seaberg is now Assistant Cashier of the bank building.
Burtrum. The new Bank of Burtrum will soon
Sherburn National Bank of Sherburn.
be
opened by the Bank of Long Prairie. E. N. Scott
The First National Bank of Eagle Bend has elec
will
be Cashier.
ted George R. Christie, Vice President.
Comfrey. The contract has been awarded for the
erection of the new State Bank building.
Ogilvie. The Bank of Ogilvie has opened for
business. William N. Morse is Cashier.
J. S. Bangs is now vice president of the Stock
Yards National Bank of South St. Paul.
Burtrum. William E. Lee of Long Prairie
opened the Bank of Burtrum on May 1st.
The First National Bank of Hills has elected
P. E. Brown, President, in place of A. C. Croft.
J. A. Colehour, Jr., has been selected as Assistant
Cashier of the First National Bank of Campbell.
LeSueur Center. W . E. Fuller of West Union,
Iowa, has bought an interest in the First State Bank.
Dumont. The First State Bank has been author
ized to commence business with a capital of $10,000.
Lakefield. The surplus of the Jackson County
State Bank has been increased from $10,000 to $20,000.
Chaska. George A. Dutoit has bought a lot and
intends, to erect a new bank building in the near fu
ture.
Warroad. The Warroad Bank has been opened
by Thomas Brusegaard and H ugo Lundholm, the
owners.
Kenyon. B. J. Borlaug will soon begin the erec
tion of a new bank building, 25x60, pressed brick
and stone.
The Second National Bank of St. Paul elected
Geo. C. Power, president; F. D. Monfort, vice-pres
ident; C. H. Buckley, cashier, and Edwin Mott, as
sistant cashier.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
The National German-American Bank of St.
Paul is now reserve agent for the Citizens’ National
Bank of Fertile.
The First National Bank of North America, Chi
cago, is the reserve agent for the First National
Bank of Wadena.
Lake Benton. The Citizens’ State Bank has been
granted authority to liquidate, and reopen as the
National Citizens’.
A certificate has been granted the First National
Bank of Dunnell. Capital, $25,000. Frank P.
Woods, President.
The First National Bank of T w o Harbors has
eletced A. D. McRae, Vice President; John A. Bar
ton, Assistant Cashier.
Foley. George E. Hanscom, formerly Cashier of
the Bank of Watertown, has acepted the cashiership of the Foley Bank.
Ostrander. A state bank is to be organized here
by C. M. Anderson of Preston and others. A . J.
Haugan will be Cashier.
The Corn Exchange National Bank of Chicago
has been appointed reserve agent for the First N a
tional Bank of Eveleth.
Blackduck. The O ’Kelliher Mercantile Company
will erect a new two-story brick store and bank
building.
Montrose. Authority has been granted to open
the State Bank with a capital of $10,000. E. W .
Swanson will be Cashier.
The First National Bank of Fulda elected J. M.
Dickson, President; Charles E. Weld, Vice Presi
dent; and F. G. Kickul, Cashier.
May, 1903.
Wolverton. The State Bank is now installed in
their new bank building.
Parkers Prairie. The First National has opened
for business. A new building is being erected.
Nassau. It is reported that J. C. Hewett, Vice
President of the bank, intends to purchase a con
trolling interest in that institution.
Blackduck. G. G. Hastings of Owatonna has
been chosen Cashier of the new bank established
here by W . R. and C. W . Baumbach.
Roseau. The First National Bank will open on
May 1st. Bendix Holdahl is President and T. D.
Thornton, Cashier. Capital, $25,000.
Clarissa. M. D. Thayer, Cashier of the new
State Bank is here making preparation to open the
bank. A new building will be erected.
Walnut Grove. The First State Bank will move
into temporary quarters until the new building, now
in course of construction, is completed.
The Truman National Bank of Truman has
elected H. P. Edwards, Vice President; and J. J.
Arms, Cashier in place of U. J. Pfiffner.
Montgomery. C. L. Marx has sold the Farmers’
& Merchants Bank to Brainard & Company. G. S.
Brainard, the new President, is in charge.
Balaton. The Citizens’ State Bank will liquidate
on June 6th and will be succeeded by the First Na
tional. A. J. Rush is the present Cashier.
The First National Bank of Pelican Rapids has
elected R. L. Frazee, President, in place of P. M.
Joice and L. P. Nelson, Assistant Cashier.
A certificate has been granted the First National
Bank of Royalton. Capital, $25,000. A. H. Turrittin, President; Charles R. Rhoda, Cashier.
The Annual Convention of the Minnesota Bank
ers’ Association will be held in St. Paul, June 24th
and 25th. Headquarters at the Ryan Hotel.
Winnebago City. The new Bank of Commerce
will open May 1st with a capital of $25,000. P. M.
Reagan, President; W . W . Parker, Cashier.
St. Paul. Joseph Fockey has been elected Persident and L. H. Ickler Cashier of the new American
National, which opened for business on Mav 4.
The Citizens' National Bank of Fertile elected M.
J. Pihl, First Vice President; L. Ellington, Second
Vice President; B. E. Dalquist, Assistant Cashier.
The First National Bank of Ivanhoe has elected
Geo. Graff, Vice-President, in place of Samuel
Lewison and P. A. Paulson, Cashier, in place of Geo.
Graff.
Bagley. The Bank of Bagley has been reorgan
ized as the First National, with a capital of $25,000.
A. D. Stephens, Crookston, President; Sam Olson,
Cashier.
Application has been approved to organize the
First National Bank of Hector. Capital, $25,000.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
21
T H E N O R T H W E STE R N B A N K E R .
--------- T H E ----------
National Live Stock Bank
O F C H IC A G O , IL L .
C a p ita l,
.
.
.
S u rp lu s and Undivided Profits,
8 1 ,0 0 0 ,0 0 0 .0 0
1 ,3 0 0 ,0 0 0 .0 0
D IR E C T O R S :
J o h n A. S p o o r
L e v i B. D oitd
S a m u e l C ozzens
R o s w e l l Z. H e r r i c k
N e l s o n M o r r is
A r t h u r G. L e o n a r d
J a m e s H. A s h b y
S. R. F l y n n
O F F IC E R S :
G a t e s A. R y t h e r
S. R. F l y n n ,
C ash ie r
P r e s id e n t
W. F . D oggett,
G. F . E m e r y ,
A s s is ta n t C ash ie rs
Does a L a r g e r V o l u m e of
B u sin ess t h a n any o th e r
B a n k o f its F o o t i n g s in
t h e U n ite d S ta tes.
A g g r e g a te D e po s its of Over
$ 7 5 0 ,0 0 0 ,0 0 0 .0 0
O u rin g th e Past Y ear.
W E h a v e a s G ood F a c ilit ie s for D o in g a G eneral B a n k in g B u sin e s s a s a n y B an k in C h ica go. W e h a v e B e tte r F a c ilitie s
for t a k in g care o f L iv e S to c k B u s in e s s th a n a n y o th e r B a n k in
C h ic a g o . A n A c c o u n t k e p t w ith u s w ill be in c lu d e d in y o u r L e g a l
R e s e r v e . W e r e s p e c tfu lly s o lic it C o rresp o n d en ce a s to T erm s.
G. K. Gilbert, John Hokanson, G. S. Eichemiller,
A. B. Anderson, H. S. Deming, and others are the
organizers.
Lewisville. The Merchants’ State Bank will be
organized here in a short time. W . PL Suflow will
be President and Adolph Sucker Cashier. Capital,
$10,000.
A certificate has been granted the Citizens’ Na
tional Bank of Ortonville. Capital, $25,000. R.
M. Wells is Vice President and R. W . Green,
Cashier.
New Paynesville. The Bank of Paynesville has
filed articles of amendment changing its name to the
First State Bank, and reducing its capital from
$25,000 to $10,000.
The First National Bank of Plainview has elected
A. L. Ober, President; Andrew French, Vice Pres
ident; F. G. Shumway, Cashier; and Ralph C.
Wedge, Assistant Cashier.
The First National Bank of Preston elected
Thomas J. Meighen, President, in place of A. W .
Thompson, and Henry Nupson, Vice President in
place of Thomas J. Meighen.
The National Park Bank of New York, the First
National Bank of St. Paul, and the First National
Bank of Minneapolis are the reserve agents for the
First National Bank of Royalton.
Clarissa. The opening of the new bank, which
was to have occurred on the 15th, has been post-
22
TH E N ORTH W ESTERN BAN KER .
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E S T A B L IS H E D
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TheÄ. H. Andrews 60 .
174=176 W a b a sh A v e ., C H i e A G O .
Designers and
M anufacturers of
OF N E W Y O R K
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1853.
175 B r o a d w a y
Capital,
Surplus and profits,
May, 1903.
FINE. B A N E
FIX TU R ES
.•>
and O F F I C E
FU R N ITU R E
$600,000.00
$820,000.00
R. W . JO N E S , J r , P re s . N E L S O N G. A Y RES, 1st V ice-P res.
L U D W IG N IS S E N , )
E R S K IN E H E W IT T , } V ic e-P re sid en ts.
C H A R L E S J. DA Y , )
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C h arle s K. B eek m an , P h ilb in , B eek m an & M en k en , A tto rn e y s .
S a m u e l B ettle, C h a irm a n A d v is o ry F r e ig h t C o m m itte e , I n
te r n a tio n a l M e rc a n tile M arin e S te a m s h ip Co.
E u g e n e B ritto n , V ice-P res. N a t’l C ity B an k , B ro o k ly n ; T rea s.
B ro a d w a y S a v in g s In s titu tio n , N . Y.
S te p h e n R. H a lse y , C ap ita list.
E rs k in e H e w itt, M a n u fa c tu re r, w ith C ooper, H e w itt & Co.
R. W . Jo n e s, J r . , P r e s id e n t.
H u g h K elly , M e rc h a n t, 71 W a ll S tr e e t.
R ic h a rd B. K elly , V ice-P res. F if th N a tio n a l B an k .
C has. E. L ev y , C o tto n M e rc h a n t, 30 B ro a d S tr e e t, o f M . L e v y
& Sons, N ew O rlean s, La.
A le x a n d e r M cD onald, C ap ita list.
W m . M cC arro ll, V ice-P res. A m e ric a n L e a th e r Co.
L u d w ig N issen , I m p o r te r o f D iam o n d s.
A n d re w W . P r e s to n , P re s . U n ite d F r u i t C o ., B o sto n a n d N ew
Y o rk .
J o h n C. W h itn e y , A u d ito r N e w Y o rk L ife In s. Co.
Your Account is Respectfully Solicited.
If you are erecting
a new building or
refitting your pres
ent banking room,
W rite Us
And we will be
pleased to have one
of our Expert Spe
cialists call on you.
We have furnished,
with c o m p l e t e
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than 5,000 of the
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>*4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 *1 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4
poned to May 12th, on account of the non-arrival
of the fixtures. W ork will begin on the new build
ing in June.
Winnebago City. S. S. Sector, Cashier of the
fairbault County State Bank, has disappeared and
foul play is feared. His accounts are all in perfect
condition, and there is no cash shortage.
Application has been approved to organize the
First National Bank of Madison. Capital $25,000.
P. G. Jacobson, J. R. Swann, H. L. Hayden, J. F.
Jacobson and Amund Hegna are the incorporators.
St. Paul. The American Exchange and the
Union Banks will be merged in the American N a
tional, which opens for business May 4, with a capi
tal of $300,000. Joseph Lockey will be President.
A certificate has been granted the First National
Bank of Blooming Prairie. Capital, $25,000. J. C.
Brainard is President and O. P. Rask, Cashier.
This is a conversion of the State Bank of Blooming
Prairie.
A certificate has been issued to the Stockyards
National Bank of South St. Paul. Capital, $50,000.
John J. Flanagan, President; William E. Briggs.
Cashier. This is a conversion of the Stockyards
Bank of South St. Paul.
Application has been approved to organize the
Iron Range National Bank of Hibbing. Capital,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,000. C. W . Baumbach, E. J. Austin, W . R.
Baumbach, Thomas H. Shevlin and A. M. Baumbach are the organizers.
The First National Bank of Verndale has elected
S. E. Frazier, Vice President, in place of E. K.
Nichols; George W. Empey, Cashier in place of
S. L. Frazier; and L. D. Frazier, Assistant Cashier
in place of George W . Empey.
Application has been approved to organize the
Merchants’ National Bank of Cass Fake. Capital,
$25,°°°. Clifford W. Baumbach, Thomas H. Shev
lin, Hovey C. Clarke, William R. Baumbach, and
E. J. Austin are the organizers.
Application has been approved to organize the
First National Bank of Montevideo. Capital, $30,000. M. E. Titus, C. D. Griffith, William W .
Smith, Lyndon A. Smith, William Dunback and
Fred W . Palmer are the organizers.
Application has been approved to organize the
Citizens’ National Bank of Ortonville. Capital, $25,000. R. W . Green, H. Chrisman, G. M. Wells,
R. M. Wells, Charles E. Chrisman, J. A. Green,
T. E. Erisbee and W. M. Smith are the organizers.
The Hanover National Bank of New York, the
Corn Exchange National Bank of Chicago, the N a
tional Live Stock Bank of Chicago, and the Na
tional German-American Bank of St. Paul are the
T H E N O R T H W E STE R N
May, 1903.
BANKER.
23
W e O b t a in D e s ir a b l e D e p o s it o r s
F or any B an k in g In stitu tio n anyw here, an d we do n o t ask p a y m en t u n til
the account h as been ap p ro v ed , th e first deposit m ade an d pass book issued
2 5 0 0 P A T R O N S A N D 1 3 Y E A R S ’ E X P E R I E N C E TO R E C O M M E N D IT
OUR
B U SIN E SS
IN C R E A SE S
---- --------W R I T E F O R P A R T I C U L A R S .
EST A B LISH E D 1 8 9 0 - ^
YO U R
I N F O R M A T I O N F R E E —---------
C. O. BURNS CO.
13-21
PARK
B U SIN E SS
ROW, NEW
YORK
Telephone 5555 Cortlandt
C IT Y
(In writing for particulars, please mention that the advertisement was seen in T h e N o r t h w e s t e r n B a n k e r )
reserve agents for the Stock Yards National Bank
of South St. Paul.
Washington, April 20.— A special examiner of
the office of the comptroller of the currency will
shortly leave for Minnesota to investigate the affairs
of the small national banks established in the state
during the past year. The examiner will also make
a tour of inspection of Wisconsin and the Dakotas.
L. E. Keller has been selected as assistant cash
ier of the Merchants’ National Bank of Sauk Center.
Samuel Lewison is Vice President of the First N a
tional Bank of Hendricks, P. G. Hubert is now
Assistant Cashier of the First National Bank of
Westbrook.
J. M. Haven and his associates who now have
seven banks in central Minnesota all of which Mr.
Haven is President, have just bought the Bank of
Foley, and organized it as a state bank.
They have also just opened the Bank of Ogilvie,
and ' are building a bank at Monticello to
open June first as the Security State Bank of Monti
cello.
Geo. F. Hanscom, formerly Cashier at
Watertown, will be Cashier of the State Bank
of Foley. Wm. N. Morse is Cashier of the Bank of
Ogilvie.
Relative to the mysterious disappearance of S. S.
Secor, cashier of the Faribault County Bank of
Winnebago City. He left on the 24th of April for
a business trip to Milwaukee, expecting to return
via Forest City, Iowa, where his uncle lives, and to
return home on Monday, the 27th. On Thursday
the bank received a telegram from the Plankington hotel, inquiring for him, and later indicating
that he had disappeared from the hotel, leaving his
bagjgage. Tire matter was immediately placed in
the hands of the Pinkertons, who still have charge
o f the case, and up to this writing they have not suc
ceeded in finding a clue. As to business matters at
home, on discovering that he had disappeared, his
bank immediately called an expert and carefully
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Federal Reserve Bank of St. Louis
checked up and examined the accounts of the bank,
finding everything in perfect condition and every
indication pointed to the theory that Mr. Secor did
not have more than fifty or sixty dollars in cash
with him and no securities or papers off any kind,
.even of a private nature. Mr. Secor is quite largely
interested locally in real estate and securities, has a
splendid home of his own, and we believe pleasant
domestic relations. His friends are entirely at sea
as to a theory for his disappearance.
Beloit, W is.— L. H. Parker of this city has been
apointed bank examiner for the district of Wiscon
sin and Minnesota to succeed D. S. Culver, who re
signed to engage in business. Mr. Parker was
raised in Beloit and educated as a lawyer. Later, he
engaged in the manufacturing business, and in
1882 he founded the Second National Bank of Be
loit, and has conducted the establishment for a
number of years. He represented this district in
the state assembly and while in the legislature he
introduced the bill amending the constitution relat
ing to banks, which was submitted to the people and
adopted at the last election.
Dakota News and Notes.
Freeman, S. D. The Merchants’ State Bank has
been burglarized.
Souris, N. D. The Mouse River Valley Bank,
capital $10,000, has opened.
Alexandria, S. D. W ork has been commenced on
the new National Bank block.
Steele, N. D. The Citizens’ Bank has been sold
to the Kidder County State Bank.
A . R. Batie is now Vice President of the First
National Bank of Omemee, N. D.
O. A. Pearce has been elected Assistant Cashier
of the National Bank of Page, N. D.
O. Erickson is now Assistant Cashier of the
Minot National Bank of Minot, N. Dr
T H E N O R T H W E ST E R N B A N K E R .
24
t
«e
Continental N ational Bank
11
1
AccountsofBanks
and Bankers___
Solicited.......... .
ill
A general foreign exch ang e business
transacted. T r a v e l e r s ’ circular letters of
credit issued, available in all parts of the
world.
♦. Officers. .
J o h n C. B l a c k , P resid e n t.
G e o r g e M. R e y n o l d s , Vice-President.
N. E . B a r k e r , Vic e- Pre si de nt.
I r a P. B o w e n , Assi st ant Cashier.
B e n ja m in S. M a y e r , Assi st ant Cashier.
W il l ia m W . H il l , Secretary.
J
i
II
mu
mi
W
C h ic a g o .
S T A T E M E N T OF CONDITION A T CLOSE OF BUSINESS,
APRIL, 9 , 1903.
T
_
. . . . Resources. . . .
L o a n s and O i s c o u n t s ............................................................. $24,446,156.62
Other Stocks and Bonds,
................................................ 1,047,780.14 $25,513,936.76
U . S. B onds to secure C ircu lation , .
.
.
.
c q 000 00
O verd rafts................................................................................
.
.
.
.
2207700
R eal E sta te , .
42
D ue from B a n ks and U . S. T r e a s u r e r , ................................... $ 6,3]i,i25!oo
............................................................. 8,058,865.64 14,389.990,64
^ as^’
•
„
T o t a 1 ,............................................................... ..
-------Liabilities____
________
Capital Stock Pa id in................................................................................................ $ 3,000,000.00
Surplus F u n d .........................................................................................................1000 000 01
U n d ivid ed P ro fits............................................................................................................... 181 107.62
C ircu la tio n ........................................................................................................................
50000.06
D eP°slts.............................................
The First National Ban kof Volga has elected
elected Frank Secora, Vice Persident.
The First National Bank of Elk Point, S. D.,
elected Donald Grant, Vice President.
The First National Bank of Belle Fourche, S. D.,
has elected E. C. Curry, Vice President.
Bisbee, N. D. W ork will soon commence on the
new building for the First National Bank.
Carrington, N. D. Plans have been prepared for
the new Commercial State Bank building.
The First National Bank of Colman S. D., has
elected W . McK. Housman, Vice President.
Emery, S. D. W ork will soon be commenced on
the erection of the new State Bank building-.
Walcott, N. D. A new building is to be erected
for the State Bank. It will be 20x40, built of litholite.
Herbert C. Garvin has been elected Vice Persi
dent of the Clark County National Bank of Clark,
S. D.
W . L. Carter succeeds Daniel Patterson as Pres
ident of the hirst National Bank of Hawkinson.
N. D.
The First National Bank of Salem, S. D., has
elected C. J. Ives, Vice Persident, in place of E. B.
Loper.
The First National Bank of Courtenay, N. D.,
has elected M. W . Eynon as an additional Assis
tant Cashier.
The First National Bank of Toronto, S. D., has
elected Hans Mathison, Vice President, in place of
O. C. Dokken.
Hillsboro-, N. D. Walter Weston, formerly book
keeper with the Hillsboro National, has been chosen
Assistant Cashier of the First National Bank of
Milton.
A certificate has been granted the First National
Bank of W illow City, N. D. Capital, $25,000. F.
M. Rich is President and Emory Olmstead, Cashier.
Cashier.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
of
May, 1903.
............................................................... ...
35 ,76 i !422.<9
The Grafton National Bank of Grafton, N. D.,
elected Nathan Upham, Vice President to succeed
D. W . Driscoll.
The Citizens’ National Bank ¡of Woonsocket, S.
D., elected E. B. Soper, Vice President, in place of
R O. Richards.
The Merchants’ National Bank of Cedar Rapids,
Iowa, is the reserve agent ¡of the First National
Bank of Milton, N. D.
The First National Bank of Drayton, N. D.,
elected H. W . Wallace, Vice President, in place of
D. R. Buchanan.
The First National Bank of Alexandria, S. D.,
elected George R. Freeman, Vice President, in place
of W . D. Knapp.
Miller, S. D. The First State Bank will expand
and become a national bank after May 1st. F. D.
Greene will be Cashier.
The Northwestern National Bank of Minneapolis
is now reserve agent for the Aberdeen National
Bank of Aberdeen, S. D.
The First National Bank of New Salem, N. D.,
elected W. H. Mann, Vice President, and E. H.’
Mann, Assistant Cashier.
The First National Bank of La Moure, N. D.,
elected J. W. Johnston. Vice President, and S. E ’
Brown, Assistant Cashier.
The Kenmare National Bank of Kenmare, N. D.,
has elected Howard Dykman, Vice President, and
J. E.Bock, Assistant Cashier.
Binford, N. D. R. C. Kittel of Caselton has
bought the First State Bank, and becomes President.
D. W . Thomas will be Cashier.
The Dickinson, N. D., banks have deposits of
three quarters million dollars, which shows that there
is some money in the cow country.
The Hanover National Bank of New York and
the First National Bank of Minneapolis have been
selected a sreserve agents for the First National
Bank ¡of Hatton, N. D.
May, 1903-
T H E N O R T H W E ST E R N B A N K E R .
Twin Brooks, S. D. The new Bank of Twin
Brooks has opened. G. G. Tasell is in charge as
Cashier.
Litchville, N. D. A. P. Hanson, Cashier of the
bank, advertises for bids for the erection of a new
building.
A certificate has been granted the First National
Bank of Bisbee, N. D. Capital, $25,000. F. D.
Week, President; A. Egeland, Cashier.
Central City, S. D., George D. Porter, J. J.
Morrow and P. N. Stonkovicj have organized the
Miners & Merchants’ Savings Bank at Lead.
The First National Bank of Hatton, N. D., has
elected J. Rosholt, President, M. F. Hegge, Vice
President, and R. G. Olson, Assistant Cashier.
Wimbledon, N. D. The Merchants State Bank
and the First National will erect substantial brick
buildings. R. B. Cox is Cashieir of the latter.
Kensal, N. D. The First State Bank has been
bought by Ross & Davidson of Minneapolis, Minn.
C. H. Ross is President and H. R. Melrose, Cashier.
The First National Bank of Rugby, N. D., has
elected F. W . Wilder, President; C. F. Williams,
Vice President; A. H. Jones, Cashier; R. A. W ar
ren and H. J. Lannan, Assistant Cashiers.
The Western National Bank of the United States
New York, and the Merchants’ National of St.
Paul have been selected as reserve agents for the
First National Bank of W illow City, N. D.
Fairfax, S. D. Gilbert French and E. F. Tucker
have sold their interests in the Gregory Countv
State Bank. The new officers are Edwin M.
Starcher, President, and Carl Porter, Cashier.
Waubay, S. D. C. C. Gurnsey has severed his
connection as Casiher of the First National, and is
succeeded by his brother, F. Gursey. C. C. Gunsey will be connected with the First National at
Evarts.
Application has been approved to organize the
First National Bank of Tyndall, South Dakota,
Captial, $25,000. L. I. Smith, W . G. Youngworth,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
25
A. A. Dye, Walter H. Thom, and Anna Robinson
are the organizers.
The First National Bank of Waubay, S. D., has
elected A. C. Davis, Vice President, in place of
M. Rexford; E. F. Guernsey, Cashier, in place of
C. C. Guernsey; and R. E. Thompson, Assistant
Cashier in place of E. F. Guernsey.
Alpena, S. D. State Senator T. W . Lane and
L. N. Loomis, of Minneapolis, formerly President
of the Bank of Alpena, have sold a section of land
that they own on the new railroad survey for a
townsite. Rumors are that the new town will be
called Lane, in honor of the senator.
The First National Bank of Freeman, S. D., has
elected Jacob J. Waltmer, President, in place of
Joseph P. Graber; John C. Mueller, Vice President,
in place of Jacob J. Waltmer; Benjamin Waltmer,
Second Vice Persident; A. J. Waltmer, Cashier;
and E. J. Waltmer, Assistant Cashier.
Kensal, N. D., May 6. — Kensal State Bank has
bought the First State Bank with assets and build
ing. The officers a re : C. H. Ross, Minneapolis,
President; C. H. Davidson, Jr., Carrington, N. D.,
Vice President; H. R. Melrose, Cashier. This makes
the fourteenth bank acquired by these people in
North Dakota.
Park River, N. D. Parties from this place will
soon organize three separate banks at the new town
Northfield. The Northfield State Bank will open
June 1st. W. J. Robertson, President; U. L. Bur
dick of Minneapolis, Minn., Cashier. The First
State Bank, capital $10,000, is owned by J. Rosholt
of Minneapolis and E. R. Swartout of this place,
who will be Cashier. George E. Towle and others
are organizing the Bank of Northfield, capital $10,000.
Burglars entered the Merchants* State Bank of
Freeman, S. D., Friday night, May 1st, and se
cured about $3,000. They broke through the vault
with tools from the section house, making an open
ing large enough for one man to crawl through on
the side of the vault. They then used nitro-glycer-
2Ó
T H E N O R T H W E ST E R N B A N K E R .
May, 1903
G e o . H . R a t h m a n , P resid en t.
E . C . C u r r e y , C ashier.
F . L . E a t o n , V ice-P resid en t
M e l v in E . B a u e r , A s s ’ t C ash ier
LIVE STOCK
N a tio n a l B a n k
■-------------------------------
LOCATED
A T --------------------------------
S IO U X C IT Y STOCK YARDS.
Capital,
Surplus,
SA V E
-
TIM E
-
$100,000.00
75,000.00
AND
M O N EY
B Y S E N D IN G S T O C K Y A R D S B U S IN E S S D IR E C T .
I. C . E lsto n ,
F . L . E aton ,
i
ine to blow open the safe and were completely suc
cessful. The vault and safe were completely
wrecked. The entire contents of the safe were
taken.— Exchange.
Fargo, N. D., May 6.— An investigation has been
made into conditions north of Fargo on the Dakota
side of the Red River. The statistics have been
gathered in the interests of people who intend to
make some investments in that territory and show
among other things that there are 41,992 people
living in the cities, towns and villages. They have
148 churches, 77 schools, 13,100 pupils, 42 banks,
129 general stores, 66 drug stores, 71 hard
ware dealers, 30 clothing storres, 20 shoe
stores, n o
implement
dealers,
69 lumber
dealers, 95 fuel men,
182
elevators,
18
flouring mills with a daily output of 3,800 barrels,
and shipped 14,163 cars of grain and flour last year
The space of the State Bank of Chicago will be al
most doubled to meet the requirements of the bank’s
constantly growing business. Soon the Sav
ings Department will move into the new quarters
adjoining its present offices and additional space will
be provided for the Trust Department as well as for
the depositors in the Banking Department. This ad
ditional space will be handsomely furnished and will
enable the State Bank to give prompt and satisfactoiy attention to the needs of all the bank’s cus
tomers ; placing it also in a position to most satisfac
torily handle new business, which is respectfully
solicited. The State Bank of Chicago was estab
lished in 1879, and on April 1, 1902, had capital,
surplus and profits, $1,350,000. Their deposits
have increased very rapidly, as is shown by an in
crease from December 31, 1900, to December 31,
1902, of over $3,300,000, being on the last date
$10,385,899.
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Federal Reserve Bank of St. Louis
D IR E C T O R S :
Sam u el M cR oberts,
W m . M ilchrist,
G eo. H. R athm an,
W m . M agivny.
E . C . C u rrey.
Iowa News and Notes.
Every Iowa bank not now a member of the State
Association should remit jive dollars to the treasurer, F
Y. Locke, o f Sibley, and “ get i n f
As a matter o f
profit and loss in money you cant afford to stay out.
A new bank is one of the new institutions talked
of for Floris.
The Battle Creek Savings Bank now show $224,000 in deposits.
The building of the Thornburg Bank was recently
destroyed by fire.
The First National Bank of Churdan opened up
for business May 1.
Floris.— A new bank is one of the promised enter
prises for this place.
Manson.— The Bank of Mansion is erecting a new
two-story brick building.
The First National Bank of Gowrie elected F. W.
Lindquist, assistant cashier.
The Osceola National Bank of Osceola elected A.
J. Fowler assistant cashier.
The charter of the Merchants’ National Bank of
Grinnell has been extended.
The First National Bank of Farragut elected
Wm. Rogers assistant cashier.
Joseph Carroll has been elected Vice President of
the First National Bank of Churdan.
Godell, la.— There are rumors of the establish
ment of the First National Bank here.
Geo. W . Thomas is the new assistant cashier of
the Farmers’ National Bank of Red Oak.
^ Marshalltown.— The Fidelity Savings and the
First National will erect a new bank block.
T H E N O R T H W E STE R N B A N K E R .
May, 1903.
27
T he N ational SECURITY
B
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k
o
f
t
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UNITED STATES
DEPOSITORY
e
R E P U B L I C
NATIONAL BANK
SIOUX CITY, IOWA
Capital, Surplus and Profits,
Deposits,
-
O
B
= -■
-
T W O
C
e v e n
I
C
C A P I T A L
M IL L IO N
==----S
H
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u n d r e d
T
W.
P.
M an ley,
■___ ----------- -
D O L L A R S
:
SURPLUS
h o u s a n d
D
ESTABLISHED 1884
First
-
$250,000
99,000
2,161,771
P resident.
C. L. W
T. A. B l a c k , Cashier.
r ig h t ,
Yice-Pres.
N ational B a n k
DUBUQUE,
IOWA.
ollars
C a p ita l, $ 2 0 0 ,0 0 0 . S u rp lu s a n d P ro fits, $ 6 1 ,0 0 0
-■
D e p o sits, $ 1 ,1 8 2 ,0 0 0
■ ■ ---- -
T Invites the accounts of responsible people,
promising all the courtesies that are usually
extended by an obliging and carefully con
ducted banking house.
On April 30 the new National Bank at Dunkerton
began business with a capital of $30,000 paid up.
The National Live Stock Bank ¡of Chicago* is now
reserve agent for the First National Bank of Lyons.
The First National Bank of Orange City has
elected Ed De Mots cashier to succeed A. J. Kuyper.
The First National Bank of Montezuma is mak
ing extensive improvements in their bank building.
The First National Bank of Chicago has been ap
pointed reserve agent for the First National Bank
of Doon.
The Cedar Rapids National of Cedar Rapids is
now the reserve agent for the First National Bank
of Eldora.
The First National Bank of Ottumwa has elected
W . B. Bonnifield, Jr., cashier, in place of M. B.
Hutchison.
Chas. F. Snider succeeds Chas. E. Walters as as
sistant cashier of the Commercial National Bank of
Council Bluffs.
The City National Bank of Tipton has been
granted a certificate. Capital, $50,000. W . J.
Moore is cashier.
A fine new modern burglar proof safe has been
installed at the First National Bank of Denison.
It weighs 5,000 pounds and cost something over
$2,000.
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Federal Reserve Bank of St. Louis
O F P IC E R S.
DIRECTORS.
C. H . EIG H M E Y ,
P r e s id e n t.
E. A. E N G L E R ,
V ic e-P re sid en t.
O. E. G U E R N S E Y ,
C ash ier.
B. F. B L O C K L IN G E R ,
A s s is ta n t C ashier.
C. H . E i g h m e y ,
E. A . E n g l e b ,
G e o . A . B r it d e n ,
F . W . Co a t e s,
M. M. W a l k e b ,
J a s . C. C o l l i e r ,
M. R. A m s d e n .
O. E. G u e r n s e y
The State Bank of Allison is making a good
many improvements in the interior of the build
ing this spring.
A certificate has been granted the First National
Bank of Lime Springs. Capital, $25,000. D. H.
Thomas is cashier.
The First National Bank of Churdan has opened
its doors for business with M. F. Coons, formerly
of Jolly as Cashier.
The National Live Stock Bank of Chicago has
been approved as reserve agent for the First Na
tional Bank of Hudson.
Miss Lihbie Shattuck and F. L. Bush, Assistant
Cashiers of the State Savings Bank of Kanawha
were married April 29th.
The Merchants’ National Bank of Cedar Rapids
has been approved as reserve agent fur the First
National Bank of Radcliffe.
The wall is up fpr an eighteen foot addition to the
First National Bank pf Algona. The bank has long
been in crowded quarters.
The Delaware County State Bank of Manchester
show deposits of $406,000, capital $60,000 and
surplus and profits of $40,000.
The First National Bank of Tipton has deposits or
$398,000, surplus and profits $54,000 and capital
of $50,000. A splendid showing.
28
T H E N O R T H W E STE R N B A N K E R .
iVld^Chc! IS
f
4- J ^
l\Ul
1t I1 2*0 1
I
11
May, 1903.
A PROGRESSIVE
J O H N T. H A M IL T O N , Pres.
P. C. F R IC K , V ic e -P re s .
AND
C H A S . E. P U T N A M , C a s h i e r .
J A S . E. H A M I L T O N , A s s t C a s h .
B a n k of 6edar Rapids
U P - T O - D A T E BANKIN G
INSTITUTION
WITH
RESOURCES $ 1 , 6 0 0 , 0 0 0 . 0 0 '
The directors of the Merchants’ National Bank
of Eagle Grove have made arrangements to have
a metal ceiling placed in their bank room.
Oxford is to have a third bank to be known as
the “ Security.” A. P. Robert and John W . Floerchinger are the promoters o f the institution.
Bonaparte.— A t a recent meeting of the directors
of the Farmers & Traders’ State Bank B. R. Vale
was elected president and J. A. Johnson cashier.
The Bankers’ National Bank of Chicago and the
Citizens’ National Bank of Des Moines are the re
serve agents for the First National Bank of Prairie
City.
A certificate has been granted the First NatUnal
Bank of Dcon. Capital, $25,000. O. P. Miller is
president. This is a cerversion of the D0011 Savings
Bank.
The burglar alarm attachment to Wm. M. Lamb’s
bank at Glenwood has been installed. The alarm is
so regulated that a mere touch will set the bell
going.
Conesville.— A new bank, capital $12,000, will
be opened here. The officers are Thomas Maxwell,
president; L. B. Smith, vice president; J. D. Buser,
cashier.
The National Shoe & Leather Bank of New York,
the National Bank of North America, Chicago, and
the Citizens’ National Bank of Des Moines are the
reserve agents for the First National Bank of Churdan.
Application has been approved to organize the
Macksburg National Bank of Macksburg. Capital,
$25,000. J. M. Wilson, J. H. Mack, Martin Rowe,
I. D. Harrison and L. W . McLennan are the incor
porators.
Application has been approved to organize the
First National Bank of Harvey. Capital, $50,000.
Herman Rietveld, W . Rietveld, Robt. G. Emme!,
J. R. Wise, J. B. Roovaart and others are the incor
porators.
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Federal Reserve Bank of St. Louis
THAT
ARE
FACILITIES
UNEXCELLED.
A certificate has been issued to the First National
Bank of Prairie City. Capital, $25,000. J. D.
Whisenand is. president and Frederic S. Risser,
cashier.
The First National Bank of Dubuque and the Sec
ond National of Dubuque have been selected as re
serve agents for the First National Bank of Inde
pendence.
The First National Bank of W averly has elected
Emmons Johnson, president, in place of R. H.
Sewell, and R. IT. Sewell, vice president, in place of
E. H. Curtis.
The Dubuque Bankers have subscribed liberally
to the proposed new Inter-Urban Railway to go
through that city. One bank gave $3,000 and
another $2,000.
E. E. Springer is still Cashier of the First Na
tional Bank of Charter Oak. By an error in the last
issue we gave the position to C. C. Jacobson, the
Assistant Cashier.
W e note that the Peoples’ Bank of Humboldt
shows by the May 6th statement deposits of $338,000. Mr. Tremain has one of the best private
banks in the state.
The Commercial National Bank of Chicago and
the Merchants’ National Bank of Cedar Rapids have
been chosen as reserve agents for the First National
Bank of Dunkerton.
Edward P. Lowry, Assistant Cashier of the First
National Bank of Laurens, and Miss Carrie E.
Baxter, o f Sac City, were married at the home of
the bride’s mother in Sac City, April 22.
The Home State Bank of Humeston has just in
stalled one of the famous Hibbard-Rodman-Ely
Manganese Steel Mob and Burglar Proof safes
having a storage capacity of five cubic feet.
The directors of the First National Bank of
Davenport recently declared a dividend of three
per cent, semi-annual, payable May 1. They might
have enlarged the figure if they had cared to.
May, 1903.
T H E N O R T H W E STE R N B A N K E R .
“ DIRECT CONNECTIONS”
SECURITY
fAVINGS
The Cedar Rapids National Bank
Cedar Rapids
Capital and Surplus,$ 149,000 00
Deposits,
1,297,288.26
p er
Cent
C . F. V A N V E C H T E N , P r e s i d e n t
£• M- S C O T T ,
C E D A R R A P ID S , IO W A
Capital and Surplus,
D oes no Com m ercial B an kin g, but offers for Iowa business the services
of a careful, com peten t and exclusive Savings B a n k, payin g interest on
d eposits at the rate of
A
29
C as h ie r
-
$180,000
A T . A v k r il l , P resid en t
T h e Funds of National Banks
G . F . V a n V e c h t e n , V ice-P res.
on Deposit w ith this Bank Count
R a l p h V a n V e c h t e n , C ash ier
as Legal Reserve.
U N IT E D STA TES D E P O S IT A R Y
a business record, the total being nearly $600,000
deposits nearly $400,000.
Edgemont is to have another bank on J une 1,
when J. A. Stewart, postmaster at that place, and C.
E. Forbes will open the Citizens’ Bank. It is prob
able that C. A. Crippen of Edgemont will be cashier.
The directors of the Black Hawk National Bank
of Waterloo have arranged for a burglar proof safe.
It is made by the Manganese Steel Mob & Burglar
Proof Safe Company. The new safe will be placed
in the window of the new bank.
J. PI. Leavitt of Leavitt & Johnson Trust Com
pany
of Waterloo has been appointed disbursing
Application has been approved to organize the
First National Bank of Exira. Capital, $25,000. agent for the government in handling the funds
John E. McGuire, F. M. Leet, A. E. Beason, Asmus which will be appropriated for the new federal
court and postoffice building there.
Boysen and O. P. Coon are the organizers.
The First National Bank interests of Hawarden
E. W. Davis, president of the Shelbjy County
Bank of Harlan, has placed an order for a No. 10 have announced they will start a new bank at Iremanganese safe, and a full outfit of vault furniture, ton. It will be a private institution, $25,000 working
capital, and owned by the First National Bank peo
which will be put into the bank by the 1st of July.
Chris O. Sharp, who has been the efficient book ple. Ireton already has two banks.
Ray Birdsall’s Bank at Dows is using whole pages
keeper at Winnebago County State Bank, Forest
City, the past year, has severed his connection with of advertising space exploiting the advantages of
the same and has gone to Crystal Lake State Bank. savings accounts and the Home Savings Bank Sys
There has been a slight change in the officiary of tem as advertised in the Northwestern Banker by
the Bank of Manson. The officers now are hi. W . the C. O. Burns Company, 13 Park Row, New York
Fitz, president; M. E. Griswold, Vice-president; J. City.
C. H. Williams has retired from the Assistant
Emerson Greenfield, cashier; Bertha Hyde, assist
Cashiership
of the First State Bank of Greene,
ant cashier.
which
place
he has held with credit for a number
The Hamilton National Bank of Chicago has
been approved as reserve agent for the First Na of years. As to his future intentions or who will
tional Bank of De W itt, the Marion County N a fill his position in the bank we are not informed at
tional Bank of Knoxville and the Iowa National this time.
The Cumberland bank has removed to the new
Bank of Ottumwa.
building.
An elegant set of fixtures and furnishings
The First National Bank of Red Oak has just
have
been
put
in and the rooms artistically finished.
installed one of the famous Hibbard-Rodman-Ely
The
bank
is
one
of the nicest, altogether, of any in
Managanese Steel Mob and Burglar Proof bank
that
part
of
Iowa.
Banker Waddell is to be con
safes. This article of furniture cost $1,900, and
gratulated.
weighs 5,000 pounds.
A business change of general interest has come
The report of the First National Bank of Tama
is worthy of more than a casual glance. Very about in the resignation of L. J. Nettleton as Cash
few banks in towns the size of Tama can show such ier of the First National Bank of Tabor Ira Me-
The First National Bank of Lime Springs elected
the following officers: E. R. Morris, president; W .
W. Williams, vice-president, and Clarence W . Lee,
assistant cashier.
The National Park Bank of New York and the
Corn Exchange National Bank of Chicago have
been selected as reserve agents for the First Na
tional Bank of Lime Springs.
The First National Bank of Titonka elected Stitzel X. W ay vice president in place of H. G. Gardner;
S. A. Schreider, Cashier, in place of G. L. Dalton,
and F. B. Stevens, Assistant Cashier.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
L
g
P
-''T ■"i-
30
T H E N O R T H W E STE R N B A N K E R .
May, 1903.
The MaumanCo.
W A T E R L O O , IO W A .
M a n u f a c t u r e r s of
Bank Fixtures
C a t a lo g u e s F r e e
3
P L A N S AND E S T I M A T E S F U R N I S H E D
Cormick, ex-county recorder, will become Cashier
of the bank. He has been the Assistant Cashier for
several years.
The Iowa Banking Company of Palmer is going
to build a new bank. The old building has been
moved back out of the way.
It is said that the Security Savings Bank of Cedar
Rapids will next year erect a new bank office build
ing. It will be the first office building in that city.
A new bank is projected for the new town of
Elkhart, in the northeastern part of Polk County.
H. E. Teachout and others connected with the
Home Savings Bank of Des Moines are considering
the field, also parties from Maxwell. There should
be a good opening for business.
The State Savings Bank of Goodell changed
hands recently when local business men and others
became owners of eighty-six shares which was for
merly owned by parties in other towns. The same
cashier and assistant were retained. A. D. White
was elected President and G. W. Butts Vice Presi
dent.
Joe Whelan, formerly o f Red Oak, now of Des
Moines, expects to leave soon for El Paso, thence to
go along the Mexican border and get himself located
for work in the department of immigration in
spection to which he was recently appointed. Mr.
Whelan was one of the bank examiners under Audi
tor Merriam.
The brick layers have commenced the erection
of the new Farmers’ Savings Bank building at
Boyden. It will be the first brick building in the
town. This bank succeeds the private bank of M.
Brink & Son and is managed by Boyden, Sheldon
and Primghar men. M. Brink will be President and
W ill H. Eddy Cashier.
John W . Wood & Son’s Bank of Logan on May
1 became First National Bank, with John W. Wood,
President, and W . H. Wood, Cashier. This has
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Federal Reserve Bank of St. Louis
always been one of the solid financial institutions
of the country and its change to a National Bank
will be greeted with the best wishes of the many
friends of the Woods.
Conesville is to have a new bank. Thomas M ax
well, L. M. Cecil, L. B. Smith and others are ar
ranging for it. It will be a state savings bank and
will begin operations as soon as a charter can be ob
tained. The capital stock is to be $12,000 and it
is all subscribed. More than sixty people are stock
holders.
The Fiist National Bank of Wffiverly recently
received a valuable express package from Washing
ton, D. C. It contained $25,000 in new national
bank bills which the First National has added to< its
circulation. T o secure this currency the First Na
tional bought $25,000 U. S. government bonds and
deposited the bonds with the U. S. treasury.
The members of the Farmers and Merchants
Bank of Exira have asked for a charter for a First
National Bank and will soon have the organization
pei fected. T he capitalization will not be less than
$25,000 and is more likely to be $40,000. The offi
cers are not elected yet, but Frank Leet, Asmus
Boysen, J. E. McGuire and Ed Beason will likely be
chosen.
The new First National Bank at Deep River will
open for business about June 1st. The new bank has
a company of strong and enterprising business men
back of it and will doubtless meet with much favor
at the hands of the citizens of that communtiy.
Bprglars attempted to loot the Bank of Merrill
April 27 but were evidently frightened away before
accomplishing their purpose.
Robert Ivens has been appointed cashier of the
Bank of Persia to succeed Mr. Eshelman. Mr.
Ivens has been with the bank as bookkeeper and as
sistant cashier over ten years and has done much
towards making the business what it now is. The
May, 1903.
T H E N O R T H W E ST E R N B A N K E R .
31
G erman S avin g s B ank , "
DAVENPORT, IOWA.
.™
ä
S T A T E M E N T M H Y 6. 1903.
ASSE TS.
JENS LO R E N ZE N , President.
CH AS N. VOSS, Cashier.
H. LISC H E R , Vice-President.
R. AN D R E SE N , Ass’ t Cashier.
E D . K A U F M A N N , Ass’ t Cashier.
T o ta l A s s e ts ...... ... .........................................S 7 ,5 7 7 ,o5 1 .7 7
D IR EC T O R S.
F . G. C LA U SSE N ,
JENS LO R E N ZE N .
CH AS. N. VOSS
H. O. S E IF F E R T ,
H. H. AN D R ESE N .
F . H. GRIGGS.
H. LISC H E R .
T . A. M URPH Y.
P A U L O R O D D E W IG
U. S. DEPOSITORY.
G itiz e n s
N a tio n a l
General Bank
ing Business
transacted.
B
Davenport, Iowa.
F. H. Griggs, Pres.
Jens L o ren zen .
Vice-Pres.
Aug. A. Balluff,
Cashier.
F. C. Kroeger,
Asst. Cashier.
capital stock has been increased to $45,000, which
is $20,000 more than is required for a National
bank in a town of that size.
L. A. Howe who has held the position as Cashier
of the Waukon State Bank for many years has been
elected President of that institution. Mr. Howe’s
advancement to the presidency advances S. W. Ludeking, who has been Assistant Cashier, to the position
of Cashier. Both these young men have won the
confidence of the shareholders by their honorable and
upright dealings.
The Plymouth Bank of Ovens of which W. G.
Bolser is President and Art Loudi is Cashier have
opened business in its new bank building. The
building is the first brick structure in Oyens. It
is 22x40 and is equipped with a fine vault made
of the most approved material for safety. Cashier
Laud! says that the business of the new bank greatly
exceeds their expectations.
The Clarinda Trust and Savings Bank is about
ready to open up for business. The following are
the officers: William Orr, President; H. R. Spry,
Vice President; A. F. Galloway, Cashier. The
capital stock of the bank is $75,000 paid up May 1.
T'he officers of this institution are well known citi
zens insuring a successful business career for the
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Federal Reserve Bank of St. Louis
L IA B IL IT IE S .
D ep o sits...............................................
Capital....................................................
Surplus..................................................
Undivided Profits......... .......................
Due Clearing House ...........................
Total Liabilities
|6,68 o,35o. i i
500.000 00
200.000 00
196,581.66
120 00
$ 7.577,051 77
S T A T E M E N T OF C O N D I T IO N OF T H E
State Security Bank
H a p it i H , J m t m .
Capital, $300,000,
Surplus, 100,000
Officers;
Bank«««
L oans......................................................
_$6,9'o,2io.88
610,46140
Cash and Exchange.................................
Real E state and Personal P ro p e rty ..............
36,379.49
Dec. 8, 1902.
RESOURCES.
LIABILITIES.
Loans,
- $188,428.18
Cash and in Banks,
35,386.43
Real Estate,
10,708.55
Total,
$234 523.16
Capital, $ 30,000.00
Surplus and Profits,
3 1 1 .4 3
Deposits,
204,211.73
Total,
<234,523.16
J H. M cCORD. P r e s i d e n t .
C. B. M ILLS, V ic k -P r e s
A D E L B E R T TYM E S O N , J r ., C a s h i e r .
new enterprise. The new building will not be ready
for occupancy until some time this summer.
The business of the Marion County National
Bank has grown to such proportions that a new
deposit vault has become necessary. Tw o commo
dious fire and burglar proof vaults are being built.
One of these will be required for the bank’s use
alone while the other will be devoted to deposit
boxes for rental purposes. New banking furni
ture throughout will be installed.
Des Moines and Prairie City parties have organ
ized a national bank at Prairie City. The Zachery
Bank, owned formerly by the banker of that name
and for the past two or three years by J. D. Whisenand and R. T. Wellslager of Des ^Moines, has
been purchased and reorganized as a national bank
with a capital stock of $25,000. J. D. Whisenand
is President and Fred S. Risser, Cashier.
In all probability a new bank will be established
at Elkhart, a new town on the Des Moines, Iowa
Falls & Northern, which will be operated by the
same officials as the Citizens’ Bank at Dallas Center.
H. M. Whinery will be Cashier. The new .bank
will be capitalized at $25,000. It is said that other
banking firms also have their eyes on the new town
with a view o f establishing a bank there.
T H E N O R T H W E STE R N B A N K E R .
32
May, 1903.
LET US EXCHANCE IDEAS
Y o u know about w hat you w ant in the w ay of fixtures for your new bank or for the old ban k in g room you intend
to remodel; give us the direction the buildin g fronts, whether cornel or side entrance, width and length inside, lo ca
tion of v a u lt, e t c . , and y o u r id e a s as to how the fixtures could be best arranged to use all space to advantage.
We have had years of experience in this line— w ill take y o u r id e a s add to them o u r id e a s and result w ill be a
collection of floor plans w hich will be m ailed to you gratis.
Select the floor plan you like best, and we w ill then quote you price on fixtures m ade up in m ah o gan y, oak , or
any hard w ood you m ay elect, with m etal grilles, glass panels, w ickets, m arble base and dealing p lates, w ork counter
arranged with drawers and cash tills, roller shelves for books, pigeon holes, shallow draw ers for legal blanks, etc.
In fa c t, we w ill send you an elevation show ing just how partition and counter will look when in place.
If our price is not rig h t, considering quality of m aterial and w orkm anship, we w ill retire gracefu lly.
i
T H E I O W A F A L L S M A N U F A C T U R I N G C O . , Iow a F a ll s , la.
Architects are making plans for a building for the
University Bank of Des Moines. The building will
be three stories in height, will be 80 by 88 and will
c;ost about $24,000. Brick will be used. Plate
glass, steam heat, gas and electric lights and hard
wood finish throughout will be the distinctive fea
tures of the building. Alderman B. F. Prunty is
president of the bank and R. D. Cooper cashier.
The Commercial Savings Bank of Mason City
is now in the new bank building which is said to be
one of the most handsome banking rooms in the state
and which is thoroughly equipped with the very lat
est furniture and fixtures and all the up-to-date ap
pliances for a modern banking business. George
E. Winter, the Cashier, is the “ Navigating Offi
cer” of the institution. W . R. Mickey and J. W .
Adams are the Assistant Cashiers and James E.
Blythe is President.
The Dilenbeck Banking Company was May
15th opened for business at Bouton. The officers
of the new bank are B. C. Dilenbeck, president, and
W . S. Arthurs, cashier. This is a branch of the
Citizens’ State Bank of Perry, Iowa, and is estab
lished to better serve the patrons of said bank in
that locality and to take care of their rapidly increas
ing business. Mr. Dilenbeck has for a number of
years past and is at present cashier of the Citizens’
State Bank of Perry and Mr. Arthurs has been con
nected with the same bank for the past four or five
years.
The abstract of the condition of the national
banks of Iowa exclusive of Des Moines and other
reserve cities at the close of business on April 9,
reported to the comptroller of currency shows the
average reserve held is 16.61 per cent, against 16.25
per cent on February 6. Loans and discounts de
creased from $64,612,126 to $62,615,636. Gold
coin from $1,785,324 to $1,710,614. Total specie
increased from $2,263,160 to $3,050,800. Lawful
money reserve increased from $4,802,354 to $4,824,573. Individual deposits decreased from $60,787,391 tjo $60,332,653.
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Federal Reserve Bank of St. Louis
Rockwell City will have a third bank within
sixty days. Application has been made to organize
the Rockwell City National Bank and the same
has been approved by the comptroller of the cur
rency. The names attached to the application are
George R. Allison, J. H. Bradt, A. F. Dean, P. C.
Holdoegel and Andrew Wood. They intend to se
cure temporary quarters and then build a substantial
bank building during the summer. Who is to be
Cashier of the new bank has not yet been deter
mined, but it is to be strictly a local enterprise, with
$50,000 capital. The men behind it are a guaran
tee that it will do a good business from the start.
E. E. Hughes, the President of the proposed
Boone National Bank, has been selected' as the
General Manager of the Pere Marquette road. This
great railroad system is confined largely to the state
of Michigan with head offices at Grand Rapids.
The selection of Mr. Hughes for this position will
not affect the new bank or cause him to give up
Boone as his place of residence, so his business asso
ciates assure the public. Mr. Hughes has a high
standing in railway circles and was a few years ago
general manager of the Davenport, Rock Island &
Northwestern, and more recently general manager
of the Ozark & Cherokee Central. He may retain
the position but temporarily.
Articles of incorporation have been filed for the
Nemaha State Bank, which on the first of June will
succeed the Nemaha Bank as the banking institution
for the thriving town o f Nemaha. The private
bank was established about three years ago with a
capital o f $10,000, E. N. Baily being President
and D. W. Graff, Cashier. It has prospered, hav
ing gained largely in deposits. In order to increase
the capital and give an opportunity to a number of
farmers and business men who are seeking invest
ment, it was decided to incorporate the institution
as a state bank. The capital stock will be $25,000.
The officers will be as follow s: E. N. Baily, Presi
dent; C. H. Boots, Vice President; D. W . Graff,
Cashier.
T H E N O R T H W E STE R N B A N K E R .
May, 1903
33
T he DES MOINES N A T I O N A L B A N K
U.
S.
D E P O S I T O R Y
ARTHUR REYNOLDS, President
E. N. I III REEL, Vice-President
A J. ZWART, Cashier
> <
The Des Moines National Bank Solic
its a Share of Your Business Upon the
Basis of Sound and Progressive Bank
ing, LiDeral and Accurate Treatment
CORRESPONDENCE SOLICITED
D E S
M O IN E S ,
IO W A
STATEM ENT OF CONDITION APRIL 9, 1903.
RESO U RCES
Loans,
.
.
.
.
.
.
.
U. S. Bonds (at par)
.
.
.
.
.
Overdrafts,
.
.
.
.
.
.
Banking House. .
.
.
.
.
.
Other Real Estate, .
.
.
.
.
.
Stocks and Securities, .
.
.
.
.
.
Cash, and Due from Banks and U. S. Treasurer, .
Total,
.
.
.
.
.
.
.
L IA B IL IT IE S
Capital,
.
.
.
.
.
.
.
Surplus, .
.
.
.
.
.
.
Undivided Profit*,
.
.
.
.
.
Circulation,
.
.
.
.
.
.
.
Deposits,
.
.
.
.
.
.
.
Total, .
.
.
.
.
•
.
.
.
.
.
,
51,949,637.11
50,000 00
14,266.60
63,536.85
1,430.00
9,650 00
673,867.56
$2,762,388.12
$300,000 00
60,000 00
28,181.97
50,000 00
2,324,206.15
$2,762,388.12
The Oriental Bank of New York City is now in plans show more luxurious and palatial fur
the hands of R. W . Jones, Jr., and friends and the nishings and equipment than any office building
phenomenal growth it is having attests the popu at present in Waterloo. The furniture will be of
larity of Mr. Jones and confidence in his ability and mahogany, the counters havink marble bases, the
success. Tlfe Oriental Bank has been moved down Boor will be laid with tile. Aside from the luxu
near the heart of the financial district of New York riousness of the equipment the arrangements of the
and is rapidly developing as a large metropolitan bank and its various appointments will conform
bank. Mr. Jones was for a number of years presi to modern ideas, making the place not only hand
dent and manager of one of the leading banks o f some but commodious.
A t the special meeting of the stockholders of the
Kansas City. He left that position to accept the
vice presidency of the Seventh National Bank of Security Savings Bank of Albert City, held recently,
New York and was with that institution until he the capital stock of the institution was increased
acquired control of the Oriental. His bank will from $15,000 to $30,000. The bank was opened
without doubt secure a generous share of business for business three years ago. Organized in one of
the wealthiest communities in the county and in a
from this field.
town
that has developed in business, it is not strange
The First National Bank of Corning was 20 years
old on the 16th of April, having been organized at that a larger capital is necessary to accommodate a
The
that place April 16, 188.3, beginning business May large and increasing volume of business.
1st of the same year. It is therefore the oldest bank growth of the bank has been steady and enjoys the
in Adams county. The bank quietly celebrated its confidence of its. customers. The officers are A. J.
twentieth anniversary by announcing the renewal Wilson, president; E. B. Wells, vice president; A.
of its charter for another twenty years. Over $68,- Gul bran son, cashier ; and C. E. Gulbranson, assist
000,000 in deposits alone, received and paid out, ant cashier. To the two latter devolves the man
have passed over the bank's counters. The average agement of the bank, and they have proven them
annual dividend paid stockholders has been 14.3 per selves capable. The Security Savings Bank takes
cent in addition to the bank’s surplus and undivided its place among the solid financial institutions of
profits, at this time amounting to $20,000. W e con northwest Iowa.
The Farmers’ State Bank of Kamrar has filed
gratulate the First National on its excellent record.
The Maple Valley Savings Bank now shows de articles of incorporation. The capital stock is $25,000. It will take over the stock, building, furnish
posits of $184,000.
The directors of the Black Hawk National Bank ings, business, etc., of the Farmers & Merchants
of Waterloo have decided upon plans drawn by Bank, a private concern. The following officers
Architect Freelsen o f the Naum an Co. , for remodel were elected: Geo. S. Need, president; F. M. B il
ing the Ravmond corner for the new financial in ler, vice-president ; Geo. B. Kray, cashier. The new
stitution. The contract for making the needful institution will start in with a good business. Kam
changes indicated in the plans will be let soon and rar people and the farmers adjacent have always had
the work of remodeling and furnishing will go for unquestioned confidence in the old bank which rec
ward speedily when once under way.
The ognition of integrity will now be accorded the new
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
T H E N O R T H W E STE R N
34
BANKER.
May, 1903.
That is Our Business!
Designers and Manufacturers of HIGH-GRADE
Bank, Office and Commercial Furniture
O u r 20th C e n tu ry B a n k a n d Office F ix t u r e
C a ta lo g u e N o. 80, o u r C h a ir C a ta lo g u e N o.
58, o u r D esk C a ta lo g u e N o. 58, s e n t o n r e
c e ip t of 25c. I t m a y p a y y o u to se n d f o r it.
M . W IN T E R L U M B E R C O M P A N Y ,
Established 1865.
SHEBOYGAN, W IS ., U. S. A.
S a n d s t o n e , M i n n . , O c to b e r 4, 1902.
M
Winter Lum ber Co ., Sheboygan, Wis
D e a r S i r s : O u r fix tu re s a r r iv e d to d a y in good
c o n d itio n . W e a re p u ttin g th e m in a n d a r e w e ll
p le a se d w ith th e m . W e h a s te n to s e n d y o u o u r
d r a f t in fu ll p a y m e n t.
Y o u rs tr u ly ,
Qit a r r y m a n s S t a t e B a n k ,
M. B it l l is , C ashier.
bank— its promoters being- identical with that of the
former instiution.
General News and Notes.
The Illinois Bankers’ Association has just issued
a “ Members Directory' containing a map of the
state and an alphabetical list of the members of the
association, giving the officers, capital, surplus, and
deposits ¡of each institution. Great credit is due
Frank F. Judson, the association’s secretary, for
this work. The Illinois association now numbers
about 800 members.
Since the ist ¡of April the amount of new note cir
culation ordered aggregates $11,836,900, from
which must be deducted $1,702,806 circulation re
tired, making the net gain since April 1 $ 10.134,094,
all of which has not, however, yet been issued, al
though the orders are being filled as rapidly as pos
sible. The gain in March was $5,998,295, while
there has been an increase in the last twelve months
of about $24,000,000, not counting the gain in
April.
Secretary Shaw’s plan to increase the bank note
circulation is meeting with gratifying success. Thus
far $45,000,000 of the 3 and 4 per cents have been
presented for refunding into the 2s. almost one-half
of the amount fixed by the secretary as the limit.
While the amount of the bonds turned in for refund
ing by the national banks is less than that presented
by private holders it is a fact that the refunding is
achieving the main object for which the secretary
entered upon it. The comparatively small amount
of cash which would be disbursed by the treasury
in connection with the’ refunding would give little
relief to the money situation, but the secretary hoped
that the output of new 2 per cent bonds would be
availed of by the national banks to increase their
note circulation, to accomplish which has been the
policy of Mr. Shaw since he entered office.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Business Doctors.
In the new order of things business doctors have
arisen to help the business man and such a concern
is the Baker-Vawter Company, who have built up a
fine organization devoted to systemizing business
of all kinds and helping proprietors not ¡only to know
the truth about their affairs, but all the truth, and
how to* set bad departments in order, to correct
wastes, to expedite work, and to give in brief, in
telligent advice in organizing a business.
The Baker-Vawter Company diagnose a business
just as a physician wbuld a case, basing their judg
ment on hundreds of business organizations whose
methods they have studied and for whose ailments
they have successfully prescribed. Before suggest
ing a course of treatment, or making recommenda
tions for changes in the system of record-keeping,
these business doctors study the case in hand from
all points of view — manufacture, accounting, selling,
etc., and then, applying the principles that they
know underlie all business, with the experience
gained from examining many other similar cases,
lay out a course of action.
The system designed by the Baker-Vawter Com
pany not only make clear the standing of the busi
ness each month, but also the condition of each de
partment, or even of each transaction, and all with
less work and more accuracy than could be accom
plished with old methods.
In the very fundamental idea of the old book
keeping methods— the books— lies one of its chief
faults; combersome, unelastic, expensive, capable of
but few variations, the old books are replaced by a
system in which infinite variation of plan may be
carried out, limitless in scope, inexpensive and per
fectly adaptable to modern conditions.
The Baker-Vawter loose leaf system is a combina
tion of the permanent and the adjustable that seems
paradoxical. Each leaf of the Baker-Vawter books
may be taken out when filled, for instance, when the
May, 1903.
¿fe
TH E NORTHWESTERN BANKER.
tCM
35
WA NATIONAL BANK.
"C:
7 7 J E INVITE THE SPECIAL ATTENTION OF BANKS AND
Bankers who seek a Davenport correspondent to this institution.
Every modern facility is offered for a prompt, careful service. Collections
a specialty.
record is dead, or if the information it contains is
not of present interest, and filed away in another
place, accessible for reference but not for frequent
entry. This is but one of the features of the loose
leaf idea; its simplicity, its adaptability to any need
makes it possible to get at the facts so necessary to
the proper conduct of modern business at frequent
intervals.
The Baker-Vawter Company systems of book
keeping enable the business man to know how he
stands at the end of short periods. This knowledge
is of tremendous value to him, as it gives him an op
portunity to stop leaks, to develop inefficient depart
ments, and to detect ineffective work before it is tco
late. Modern permanent success depends largely on
a clear understanding of facts in a business— be they
pleasant or otherwise. The Baker-Vawter systems
get at the true facts with a small expenditure of
labor and in a comprehensive way.
Book and Magazine Reviews.
The “ quick-lunch” counter does not exist in
France. Parisians always sit down for their noon
day meal. The demands of business may be press
ing, but ¿he demands of the body are considered of
more importance. Cramming a steam engine with
fuel lowers the intensity of the fire. By bolting food
the vital processes within a man’s body are hindered
rather than helped. Eating slowly and in modera
tion prevents dyspepsia and other ills. W e hear lit
tle of these in France, where good cooking is accom
panied by slow eating.— From “ Parisiana,” in May
What to Eat.
The struggle between duty to self and duty to
others, or, as Clara E. Laughlin puts it in the June
Delineator, between the Struggle for Life and the
vStruggle for the Life of Others, is one that comes
to thousands of young men and women with impres
sive significance. Self-development along chosen
lines, or renouncement and devotion to those who
may need you— is a question that can be decided
only by the individual; and whichever way he may
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
take, if he but be guided by the best light that he
has, he will do all that is expected of him. The two
great evils to be guarded against are: lest the devel
opment o f self make us selfish, or devotion to others
make us negligent of self. A “ true balance” should
be aimed at.
The Louisiana Purchase anniversary is much in
evidence in the May Review of Reviews. The ed
itor’s interesting recapitulation of the salient facts
in that “ Napoleonic real estate deal,” opens the num
ber. An important paper on “ The Significance of
the Louisiana Purchase,” considered from the point
of view of diplomacy and international politics, is
contributed by Professor F. J. Turner, of the U ni
versity of Wisconsin. The plans for the great fair
to be held at St. Louis next year to commemorate
the event are outlined in a comprehensive illustrated
article by Mr. Frederick M. Crunden. These arti
cles are models of clearness in statement and accu
racy in points of fact. They bring out, as has never
before been done, the real importance of the exposi
tion to the whole American people.
The Chicago Record-Herald is a conspicuous e x
ample of the success with which the public rewards
fearless nonpartisanship in the columns of a great
metropolitan daily paper. It is an independent
newspaper, in which men and measures are invaria
bly viewed wholly from the standpoint of the public
good and not from that of the interests of any par
ticular political party. It is the very reverse of neu
tral— fearless and outspoken on all the great ques
tions of the day, but presenting its editorial opinion
upon independent judgment and entirely regardless
of political affiliations. Partisanship is barred as
strictly from the news columns as from the editorial
pages. A ll political news is given without partisan
coloring, thus enabling the reader to form correct
conclusions for himself. In the ordinary partisan
newspaper political news is ordinarily colored to
such an extent as to make it difficult if not impossi
ble for the reader to secure a sound basis for intelli
gent judgment.
T H E N O R T H W E ST E R N
36
BANKER.
May, 1903.
ST. PAUL FURNITURE CO.
D e s ig n e r s and M anufacturers
Bank Fixtures
and Furniture
C o m p le te
E q u i p m e n t M? &
H ig h -G r a d e
C a b in e t W o r k
ST. PRUL, MINN.
C a ta logue M ailed
The F id elity & C asu alty Com pany,
9 7 t o 103 C ed a r S t . , N e w York: C ity
A s s e t s ......................................................... - ..................... $ 5 , 4 9 8 , 6 9 4 . 5 S
IN e t S u r p l u s ...................... ............. ................. ...... ........
I ,5 0 0 ,2 5 4 . I 1
L o s s e s P a i d t o D e c e m b e r 31, 1 9 0 2 ................... 15 ,T 9 4 , 3 7 2 .1 3
CASUALTY INSURANCE SPECIALTIES.
F i d e l i t y — Bonds of S uretyship for persons in positions of trusL
C
asu alty
—
P ersonal A ccident a n d H e a lth , L iab ility , B u rg lary , P late G lass, S team B oiler, E lev a
to r a n d F lyw heel.
O F F IC E R S .
G EO RG E F . S E W A R D , P r e sid e n t.
H E N R Y C R O S S L E Y , A s s ’t S e c ’y-
R O B E R T J. H IL L A S , S e c ’y, T rea s.
F R A N K E . L A W , 2 a A s s ’t S e c ’y.
E D W A R D C. L U N T , 3 d A s s ’t S e c ’y.
D IR E C T O R S .
W allac e P . D ixon, D ix o n & H o lm e s; A lfre d M. H o y t, B a n k e r; A u re liu s B H u ll, R e tire d M e rc h a n t; Geo. E. Id e, P re s . H o m e L ife In s. Co. ;
W illia m G . L ow , C o u n se llo r-a t-L a w ; J o h n G. M cC ullough, E rie R a ilro a d C o .; W illia m J . M atheson, M e r c h a n t; H e n r y E. P ie rr e p o n t,
R e tire d ; A n to n A. R av e n , A tla n tic M u tu a l In s. Co. ; J o h n L. R ik e r, of J. L . & D. S. R ik e r ; W . E m le n R oosevelt, B a n k e r; Geo. G . W il
liam s, P res. C h em ical N a t’l B a n k ; A le x a n d e r s . O rr, R e tire d M e rc h a n t ; G e o rg e F . S e w a rd , P r e s id e n t.
B u sin e ss O p p o rtu n itie s for A ll.
To M in n e a p o lis a n d S t. P a u l
Locations in Iowa, Illinois, Minnesota and Mis
souri on the Chicago Great Western Railway; the
very best agricultural section of the United States,
where farmers are prosperous and business men suc
cessful. We have a demand for competent men with
the necessary capital for all branches of business.
Some special opportunities for creamery men and
millers.
Good location for general merchandise,
hardware, harness, hotels, hanks and stock buyers.
Correspondence solicited. Write for maps and Maple
leaflets. W. J. Reed, Industrial Agent, 604 Endicott
Building, St. Paul, Minn.
The direct line between Des Moines and St. Paul
is the Minnesapolis & St. Louis Railroad. Leave
Des Moines at 8 a. m. and 9 p. m., arrive Minneapo
lis 6 ¡40 p. m. and 7 125 a. m .; St. Paul at 7 :2o p. 111.
and 8 a. m. ‘‘The Minneapolis and St. Paul Lim
ited” has through Vestibuled, Gas-Lighted Pullman
Sleepers and First-Class Coaches. Call on Geo. R.
Kline, City Ticket Agent.
S h o rt L in e to th e T w in C ities
‘‘Straight as the crow flies” is the route of the
Minneapolis & St. Louis Railroad from Des Moines
to the Tw in Cities. Two trains daily each way.
Shortest time and everything of the best. Call on
Geo. R. Kline, City Ticket Agent.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
H o m e s e e k e rs ’ E x c u rsio n s
To Denver, Pueblo and other Colorado points.
One fare plus $2.00 via Chicago Great Western Rail
way. tickets on sale May 19th. For further infor
mation apply to W . H. Long, City Ticket Agent,
514 Walnut Street, Des Moines, Ijowa.
L ow O ne-w ay C o lo n ist R a te s .
O11 sale via Chicago Great Western Railway on
the first and third Tuesdays in each month to Sept.
THE NORTHWESTERN BANKER.
May, 1903.
-
—
”—
—
37
—
—
^
BURROUGHS
ADDING
MACHINE
Adds and lists amounts with ten times the speed
of long hand, and the results are infallibly correct.
Over 12,500 now in use. Some of these were sold
ten years ago, and are giving perfect satisfaction
today.
It is used largely by Banks in balancing pass
books, totaling individual and general ledgers, listing checks, deposits and discounts, but it
has a hundred other uses.
_
^ THIRTY
DAYS
FREE
TRIAL —
In order to demonstrate what this wonderful machine will save you in time, work, worry and
money, we will send one on thirty days free trial upon request.
A
merican
A r ith m o m eter C o m pa n y ,
St. Louis, Mo.
V------------------ --------------------------—--- ---- J
15, 1903, to points West and Southwest. For
further information apply to W . H. Long, City
Ticket Agent, 514 Walnut St., Des Moines, la.— 10
F O R S A L E — On account of a change in location
we offer for sale of 30 feet modern quarter sawed
oak bank partition and counter. Seven feet extra
partition to match. Can send photograph. Com
mercial Savings Bank, Shenandoah, Iowa.
W A N T E D — Position in country bank.
Six
years’ experience in general banking from book
keeper to cashier. Can invest if desired. Speak
German. Can furnish good references. Good rea
son for change. Address F. A. L., care this Journal.
THE
GREAT
W E S T E R N ’S
SLEEPER.
F o r S a l e .— A Smith No. 2 (double capacity)
Counting House Index Dairy, for making recording
maturity of bills receivable, bills paid, collections,
or any matters requiring ready reference. Publish
ers price, $4; our price, $3, Also A-N0-1 at $2.50.
BUFFET
Now leaves Des Moines at 9:00 p. m. and runs
through to Kansas City. This is in addition to the
St. Joseph sleeper, which stands in the St. Joseph
depot until 8:00 a. ,m. For berths and information
inquire o f W . H. Long, City Ticket Agent, 514
Walnut St., Des Moines, la.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Wanted— B y honest, industrious, energetic and
temperate young married man of courteous demeanor,
situation in bank ais assistant cashier. Have had
eight years’ active and continuous experience in all
lines of bank work, bookkeeper to cashier; familiar
with securities, insurance, abstracts and notary public
'work; extra good penman, rapid and accurate ac
countant and fair typewriter; good teller or counter
man. Could invest $1,000. Location immaterial;
town of 1,500 to 3,500 preferable. Very best, city
and country references, including present bank. Ad
dress W. H. S., care Northwestern Banker.
BANK S
Send a t once for o u r book of M odern
C ountry B ank B u ild in g s, c o s tin g $3,000
to $25,000. P rice, $1.00.
M o d e r n H o m e s , 150 pages; p a p e r,
$1.00; cloth, $1.25.
O M E YER
T H O R I, A r c h it e c t s
S T . P A U L , M IN N E S O T A .
THE NORTHWESTERN BANKER.
38
May, 1903.
im p I $® rw i© © m S p e c r la ilj
s
ii
E S T A B L IS H E D
IS S O
Printing Company
DES HEDIKES
B 'A Ü K S
t a t io n e r s
is
m
W rit© fo r S am ples am i Prie®®
IN T E R E S T TA BLES FOR BANKS.
We h ave receiv ed a copy of th e B a k e r-V a w te r I n t e r e s t
T ables fo r B an k s. T h e ta b le s com piled b y th is firm a re
c o n v e n ie n tly a rr a n g e d a n d a b s o lu te ly re lia b le .
T h ey
show a t a g la n c e th e in t e r e s t on a m o u n ts fro m $1 to
$10,000—one d ay to five y e a rs —2 p e r c e n t up. T h e re a re
60,000 c o m p u ta tio n s w h o se
a c c u ra c y
is v ouched o r .
B ound in clo th , 128 p ag e s, sells re g u la rly f o r $1.50, b u t
th e p u b lis h e rs hav e m a d e a sp e c ia l p ric e to b a n k s of
75 c e n ts . T h e B a k e r-V a w te r C om pany, C hicago, o r A tc h
ison, K an.
H OM E S E E K E R ’ S E X C U R S IO N S .
Homeseekers’ rates to nearly all points on sale at
low rates by Chicago Great Western Railway on the
first and third Tuesday of each month, November
to April, inclusive. Available in the through tourist
sleeping cars. For particulars apply to W. H. Long,
City Ticket Agent, 514 Walnut Street, Des Moines,
Iowa.
12
O P E N IN G I. O. O. F. O R P H A N S ’ H O M E,
M A SO N C IT Y , IA., M A Y 20th, 1903.
One fare for the round trip via Chicago Great
Western Railway. Tickets on sale May 20th. Good
to return May 21st. For further information apply
to W . H. Long, City Ticket Agent, 514 Walnut St.,
Des Moines, la.
$4 9 -2 5
TO
S A N F R A N C IS C O O R L O S A N
GELES AN D RETURN.
Tickets on sale via Chicago Great Western Rail
way May 3rd and May 12-18. Good to return June
15th. Stopovers allowed. Going or returning via
Portland and Northern lines about $11.00 higher.
For further information apply to W . H. Long, Citv
Ticket Agent, 514 Walnut St., Des Moines, la.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
P R O H IB IT IO N S T A T E C O N V E N T IO N M A R
S H A L L T O W N , IA., M A Y 27-28, 1903.
One fare for the round
Western Railway. Tickets
Good to return May 29th.
apply to W . IT. Long, City
nut St., Des Moines, la.
STATE
trip via Chicago Great
on sale May 26 and 27.
For further information
Ticket Agent, 514 W al
G. A. R. E N C A M P M E N T C E D A R
R A P ID S , IA., M A Y 19-21, 1903.
One fare for the round trip via Chicago Great
Western Railway. Tickets on sale May 18-20.
Good to return May 23rd. For further information
apply to W . H. Long, City Ticket Agent, 514 W al
nut St., Des Moines, la.
W A N T E D — B y party speaking the German lan
guage, cashiership or management of some Iowa
bank with opportunity of taking some stock in same.
Address S, care of Northwestern Banker.
T O
A N D
T H R O U G H
KENTUCKY
‘ ‘T H A T ' S W H E R E
W E O P E R A T E ."
I f y o u in te n d ta k in g a t r i p to a n y p o in t e a s t of ST. LO U IS,
a s k to h a v e y o u r T ic k e ts r e a d o v e r th e L o u is v ille , H e n
d erso n & S t. L o u is R a ilw a y (th e H e n d e rso n E o u te ),
w h ic h p a sse s th r o u g h th e p r e ttie s t p a r t of K e n tu c k y . Y o u r
L o c a l R a ilro a d A g e n t h a s th e T ick e ts.
M o r n in g an d N ig h t T r a in s B e tw e e n S t. L o u is , O w e n sb o r o , L o u is
v ille an d K e n tu c k y P o in ts .
E le g a n t E q u ip m e n t on A ll T ra in s — P a r lo r C ars o n D ay
T ra in s, P u llm a n V e stib u le d S le e p e rs o n N ig h t T ra in s . A sk
u s f o r R a te s.
W . C . L IN D S A Y ,
F . G . C U N N IN G H A M ,
G e n ’l A g e n t.
T ra v . P ass. A g e n t.
ST. LO U IS, MO.
THE NORTHWESTERN BANKER.
May, 1903.
Chicago'
Great
W estern
Ry.
N ew Sleeping Car
Service
39
M O N ON
ROUTE
w
4 CHICAGO
INDIANAPOLIS
(^CINCINNATI
Q TRAINS DAILY BETWEEN]
Ü CHICAGO G
L O V ISV IL L E
PARLOR,m dDINING
CARS or!DAY TRAINS
P A LA C E SLEEPING
CARSon NIGHT TRAINS
pr\
3
» 9 9 * ® a
FRANK.T.REED. Gen.Pass. Agt.
CHAS.H.ROCKWELL. Traffic Mgr.
W.H.McD EL. Pres £(GenMgr
a
BETWEEN
Des Moines ^ St. Joseph
Leave D es Moines a t 9:00, P. M.,
and remain in car until n ext morning.
A sk W. H . L o n g , C ity T ic k e t A g e n t,
511 W a ln u t S t r e e t , a b o u t it.
Very L o w O n e - W a y a n d R o u n d T r i p R a t e s to t h e N o r t h w e s t &
a
0
a
a
a a
DEPOT
Ä
D E A RB OR N S T A T I O N
C H IC A G O
1 0
ONLŸLNET THEFAMOUSHEALTHRESÖB
feaœSTBADEN&FRENGHLl
Ç q ltfo r n ia
VÍA
N O R T H E R N PACIFIC R’Y
O n e - W a y C o l o n i s t T i c k t s on
S a le U n til J u n e 1 5 th .
R o u n d -T rip H o m e -S e e k ers ’
T ic k e t s on s a le firs t a n d t h ir d
T uesdays of A p ril, M a y a n d
J u n e , a t r a t e of o n e f a r e p l u s
$2: OO f o r r o u n d t r i p .
ARD
O nly $ 5 0 R o u n d Trip
C h ic a g o t o L o s A n g e le s
a n d ’F r is c o .
E q ually L^ow R a t e s from
F a s t g e n e r a lly .
On sale May 3 and May 12 to 18.
Special train service for
Presbyterian General Assemby,
via Grand Canyon of Arizona.
Open to everybody.
Only line to C alifornia with
H arvey Meal Service—Best in th e W orld.
‘ ‘S a n ta Fe all the W a y .”
F o r F u ll In fo r m a tio n W r ite a t 0 n c e to
Folders a b o u t it for th e asking
E. L. PHLMER, Pass. Hgt.
CH AR LES S. FEE,
G. P.
&
T.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
a. Nor. Pac. R y,
ST. PÄÜL, MINN.
4 0 3 E q u ita b le B u ild in g .
8S r 1 1 1 1 c i
D E S M O IN E S , IO W A .
P e
T H E N O R T H W E ST E R N B A N K E R .
40
T h e N o r th w es ter n L ife
and
May, 1903.
S avings C o m pan y
DES MOINES, IOWA
Issues all forms of life and endowment policies at the same
premium rates charged by other companies but providing much
larger guaranteed settlement values. All guarantees secured by
a deposit of approved securities with Auditor of State, of Iowa,
amounting on December 31, 1902, to more than
O N E A ND O N E - Q U A R T E R M I LL IO N D O L L A R S .
O f f i c e r 's
an d
T ru s te e s
D. F. Witter, President, Ex-Pres. Iowa Loan and Trust
Co.; Arthur Reynolds, Vice-President, Pres. Des Moines
National Bank; G. W. Marquardt, Treasurer, President Mar
quardt Savings Bank; C. C. Crowell, Secretary, Des Moines;
C. M. Keeler, Asst. Secy., Des Moines; E. H. Irwin, Actuary,
Des Moines; E. W Hillweg, Supt. Agts., Des Moines; John
Herriott, Lieut. Governor of Iowa; G. D . Ellyson, Cash. Mar
quardt Sav. Bank; J. H. Blair, Ex-Sec. Iowa Loan & Trust Co.;
C. L. Gilcrest, Wholesale Lumberman; F. C. Macartney,
Prop. Kirkwood House; M. M. Reynolds, Pres, Guthrie Co.
National Bank, Panora; W. L. Eaton, Speaker Iowa House of
Representatives; H. H. Green, Presiding Elder M .E . Church;
J. B. Tinker, Mason City.
L ia b ilit ie s
A ssets
Mortgage Loans................... -$1,150,950.00
Accrued Int. on Mortg. Loans
26,919 15
Policy Loans...........................
47,461.78
Accrued Int. on Policy Loans
997 -17
C a sh .........................................
20,261. 05
Premium Notes (Co’s N et).. 164,641.18
Due from Agents...................
15,626.22
Deferred Premiums (Net) . . .
123,525.59
Reserve ................................... $1,112,706.51
Other Liabilities.....................
33,485.98
Balance — Securi'y to Policy
holders over and above
the full legal reserve.............................. 404,189.85
Total ..............................$1,550,382.14
Total ..............: ..............$1,550,382 14
T o ta l M o r tg a g e an d P o lic y L o a n s , I n t e r e s t an d C ash, $ 1 , 2 4 6 ,5 8 9 . 1 5
I n c r e a s e d u r i n g t h e y e a r 1902
Increase in Gross Assets........................ ..................:..................
Increase in Reserve Liabilities.......................................... ........$494,626 09
Increase in all other Liabilities......... ................ ................... .
13,435- 57
$668,127.95
Increase in Security to Policyholders in excess of reserve.
$160,066.29
BINES, SAFES AND FIXTURES FOR SALE-POSITIONS
[Reading locals in this column will be printed at a cost of 50c. a line
for first insertion: 25c. a line for subsequent insertions.]
F or Sale — I n South Dakota, in Faulk county 160
acres; in Hyde county 320 acres. These lands are
owned by a non-resident and will be sold cheap.
Address, H, care of N orthwestern B anker .
F or S ale or E xchange— A set of abstract books
and an established business in one of the best coun
ties in west cential Iowa. Will also sell home and
other income properties, or exchange all for stock
in good bank. Address W., care N orthwestern
B anker .
W anted .— T o purchase a fire-proof safe in good
condition (with small burglar chest preferred) of
about 1,600 square inches inside dimensions and
18 inches in depth. Address Lock Box 46 , Cedar
Rapids, Iowa.
W anted .— P osition in an active bank in a good
live town. Am now assistant county attorney. Am
an expert stenographer, 24 years old and married.
Want position where there is an opportunity to grow.
Address, F. M. R., care this journal.
508,061.61
R E L IA B L E , E N E R G E T IC A G E N T S W A N T E D
W A N T E D — B y party speaking the German lan
guage, cashiership or management of some Iowa
bank with opportunity of taking some stock in same.
Address S, careof Northwestern banker.
Wanted— B y honest, industrious), energetic and
temperate young married man of courteous demeanor,
situation in bank as assistant cashier. Have had
eight years’ active and continuous experience in all
lines of bank work, bookkeeper to cashier; familiar
with securities, insurance, abstracts and notary public
work; extra good penman, rapid and accurate ac
countant and fair typewriter; good teller or counter
man. Could invest $1,000. Location immaterial;
town of 1,500 to 3,500 preferable. Very best city
and country references, including present bank. Ad
dress W. LI. S., care of Northwestern Banker.
W A N T E D — Position in a North Dakota or
Montana bank. Several years’ experience as assist
ant Cashier and cashier of a country bank. A ge 23,
good qualifications and references. Can talk Ger
man. Address T. E. A., care this Journal.
W anted — P osition in country bank. Five years
experience in general banking, good bookkeeper. At
present employed in one of the largest banks in Min
neapolis. Want to leave city. Address “ E ” care of the
Northwestern Banker.
W an ted — Position, by young man who has had
3 years of country banking experience and 2 years
of city experience. A t present head bookkeeper of
a large establishment. Address, S. W., care N orth
western B an ker .
W A N T E D .— I wish to correspond with owners
who will sell whole or control of a well established
bank in Iowa or Minnesota. Present active managers
may remain if satisfactory. Address AT.” Care North
western Banker.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
F o r Prices o n L a w n S w in g s A d d r e s s
HELM M A N U F A C T U R I N G CO.
S ta tio n A , J a c K s o n v ille , 111.
THE NORTHWESTERN BANKER.
May, 1903.
SPECIAL
41
LIST
OFBANKS
A L P H A B E T IC A L L Y A R R A N G E D BY T O W N S .
Showing Name o f Bank, Town and County, Capital, Surplus and Undivided Profits, Names o f Officers and
Special Facilities for the Transaction of Business intrusted to their care.
Fir«4t National Bank.
ALGONA,
C a p ita l, $50,000.00.
Surplus $10.000.00.
Kossiltll County............... ( VAauiuiu»'
m brose A. C a ll, P resident.
D. H H a tch in s , V ice-P resid en t.
Wm. K. F erguso n , C ash ier.
O ldest N a tio n al B a n k in
Palm er, A ss is ta n t C ash ier.
\ C. A. Pa
K o ssu th C o u n ty.
Prom pt atten tion paid to a ll business en tru sted to us.
CASEY,
Guthrie County
I Farmers Bank.
I
E sta b lish ed , 1886.
............... ( A b ram E u tt, P resid en t and O w ner.
j S. L in c o ln R u tt, C ash ier.
I In d ivid u a l R esp o n sib ility o f over $100,000.
R eal E s ta te L o an s.
C o llectio n s receive prom pt atten tio n .
.
The Castana Savings Bank.
CASTANA,
C a p ita l, $50,000.
Surplus $10,000. U n divided P rofits, $1,500
W . T . D ay,, Presid en t.
S. D. W illits , V ice-P resid en t.
. C. T . H a n sen ,C a sh ier.
G en era l b a n k in g business. N eg o tia to rs of ch o ice Iow a farm loans.
Monona County
*■
First National Bank.
CHARITON,
I C a p ita l, $50,000.
I Surplus and U ndivided Profits, $54,000.
' S. H. M allo ry, P residen t.
I Joseph Braden, V ice-P resid en t.
I F, R. C to ck er C ash ier.
Lucas County
FAIRFIELD,
Jefferson County
Surplus, $30,000.
B. S. M eE lh in n y , P resident.
O n ly n a tio n a l b a n k in Jefferson co u n ty . Does a gen eral b a n k in g b u s i
R
ollin
J. W ilson , V ice -P re sid e n t.
ness. Prom pt atten tion to co
llenctio
F ra
k Lnigs.h t, C ashier.
/Peoples Trust and Savings Bank.
C a p ita l, $300,000.
Surplus and undivided profits, $120,000.
G . E . L am b, P resident.
C h arles F . A lden, V ice-P resid e n t.
C. B . M ills, C ash ier.
Clinton Count}
A co ou u ts of ban ks and ban kers a s p e c ia lty .
CORNING,
/Corning State Savings Bank,
C a p ita l, $50,000.
Surplus. $10,000.
P rofits, $3,100. D epo sits, $265,000.
j F. L . L a Rue, P resid en t.
E. A . S ch olz, V ic e -P re s id e n t.
\W . H. C la rk , C ash ier.
G en eral b a n k in g busin ess tran sacted . F arm loan s a sp e c ia lty .
.
_
Adams County .......... . . . \
I
)
CORWITH,
First State Bank of Corwith.
C a p ita l, $50,000.
O . H . Stilso n , P resid en t.
E . L , S tilso n , V ic e -P re s id e n t.
J. H. S tan d rin g, C ashier.
I. B en, U . Stan d rin g, A s s ’t. C a sh ier.
A gen eral b a n k in g and co llectio n busin ess tran sacted .
Hancock County.
DAVENPORT.
/F irst National Bank.
’
C a p ita l, *300,000.
Surplus and U n divided P rofits, $76,484,
A. B u rd ick, Presid en t.
I J . L . D ow, V ice-P resid en t.
G en eral b a n k in g busin ess
I C. A. M ast, C ashier,
tran sacted .
\George Hoehn, A ss is ta n t C ashier.
The first N a tio n al B a n k in operation in the U n ited States com m enced
b usin ess Jun e 20, 1963.
a
_
Scott County
....................
I
S. L . D an a, A s s ’t C a sh ier.
HUMBOLDT,
Humboldt County.
I The Peoples Bank.
C a p ita l, $100,000.
Surplus, $25,000.00.
G. L. T rem ain , P resid en t.
A ll bu sin ess given good a tte n tioW
n .. W . Stern s, C ash ier.
IOWA FALLS.
Hardin County
C o llectio n s p rom p tly m ade.
KEOSAUqUA,
Yan Buren County....
B a n k in g in a ll its bran ch es.
CLINTON,
National Bank.
( First
C a p ita l, $100,000.
/First National Bank.
C a p it a l, $50,000.
/ Surplus and U n d ivid ed P rofits, $50,000.
\E. S. E llw o rth , Presid en t.
|J. H C a rle to n , V ic e -P re sid e n t.
IW. H. W oods, C ash ier.
'C. H. B u rlin ga m e , A s s ’ t C ash ier.
C orrespondence so licited .
Keosauqua State Bank.
C a p ita l, $27,800.
U n divided Profits, $4,700.
H. H. T rim ble, Presid en t.
IJ. N. N orton, V ic e Presid en t.
IJ. L. Therm e, C ash ier.
C lle ctio n s a sp e c ia l fe a tu re .
MONTICELLO,
/ The Monticello State Bank.
C a p ita l, $100,000.
T
„
.
J Surplus, $100,000.
Jones County ..................1 S. S. F a rw e ll, P residen t.
I F ra n k M. H ick s, V ice -P re sid e n t.
I H. M. C a rp e n te r,C a sh ie r.
' H. S. R ich ard son , A s s is ta n t C ash ier.
M oney to loan on Iow a farm lands.
MARENGO,
Trtvra fn n .it ir
/Marengo Savings Bank.
/
I A . M. H enderson, C ash ier.
\F ra n k C ook, A s s is ta n t C ash ier.
C onduct a gen eral b a n k in g bu sin ess. P ro m pt a tte n tio n given to ca lle ctio n s
MARSHALLTOWN.
(Marshalltown State Bank.
I C a p ita l, $100,000.
Marshall County............/ Surplus and P rofits, $50,000.
/A . F . B a lc h , P re sid e n t.
(Geo. A . Tu rn er. V ic e -P re sid e n t
fP . S. B a lch , C ash ier.
M3 . C. Trine, Ass’t Cashier,
Prom pt and ca re fu l atte n tio n given a ll bu sin ess entru sted our care.
MT. PLEASANT,
Henry County..
/F irst National Bank.
I C a p ita l, $100,000.
J Su rplu s, $20,000.
\ T . J. V a n Hon, P resid en t.
I W . E. K e e le r, C a sh ie r.
H. J. T w in tin g , A s s is ta n t C ash ier,
Does a gen eral b a n k in g bu sin ess.
DECORAH,
¡ Winneshiek
County Bank.
C a p ita l, $100,000.
Winneshiek County...
/Forest City National Bank.
I C a p ita l, $50,000.
i Surplus, $15,000.
I C. J. T hom pson, Presid en t.
VQ. S. G ilbertson , C ash ier.
G eneral b a n k in g business tran sacted .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C o lle c tio n s atten d ed to.
MT. AYR,
(M t. Ayr Bank.
Ringgold County---- a ^ ^ S S S T
\ jn o . H. A lly n , A s s is ta n t C ash ier.
R eso p n sib ility , $300,000.
T h e m ost ca refu l atten tio n givenC co
n s. Presid en t.
J.llectio
W eiser,
E. W. D. H olw a y, C ash ier,
H. B, H ustved t, A ss is ta n t C ash ier,
FOREST CITY,
Winnebago County .
C a p ita l, $50,000.
Su rplu s, $10,000.
l o n a c o u n t y .....................( M. W . Stover, Presid en t,
J J. N . W . R um ple, V ice -P re sid en t.
G eneral B a n k in g business tran sacted . F arm loan s, real esta te and ab stra ct
NEWTON,
( F irst
National Bank.
C a p ita l, $50,000.
Jasper County
U n dnivid
ed P rofits,
G en eral b a n k in g business tran saSu
c terplu
d . sCand
o lle ctio
s receive
s p e c$20,000.
ia l atte u
C h ester S lo a n ak e r Presid en t.
tion.
E. E. L y d a y , C ash ier.
Lee E . B row n, A ss is ta n t C a sh ie r.
T H E N O R T H W E ST E R N B A N K E R .
42
May, 1903.
S P E C I A L L I S T O li I O W A B A M K S - C o n t i n u e d .
NEW HAMPTON,
,
{
First National Bank.
.
C a p ita l, $50,000.
S u rp lu s ,$10,000.
/ A . E . B ig elo w , P resid en t.
J. W . S a n d u sk y, V ic e-P resid e n t.
Tim . D onovan, C a sh ier.
G ran t M. B ig e lo w , A s s ’t C ash ier.
,,
ClllckaSaW County.
SPENCER,
/The Citizens State Bank.
,
C a p ita l paid up, $50,000. Su rplu s, $12,000
F ra n k lin F lo ete, P resid en t.
I A n d rew R. Sm ith, V ice -P re sid e n t.
I A c k le y H ubbard, C ash ier.
Clay County.........................!
A ll business entru sted to our care c a re fu lly and p ro m p tly tran sacte d .
O n ly N a tio n a l B a n k in th e C o u n ty. A geu era l b a n k in g b usin ess tr a n s
acted.
SIDNEY,
Fremont County
ONAWA,
i Holbrook & Bro.
Monona County ............... E stab lish ed 1858.
j
1
P. K . H olbrook, C ash ier.
G en era l B a n k in g B u sin ess tra n s a c te d .
We m ake a s p e c ia lty o f p rom ptn ess in fu rn is h in g a b s tra c ts,
gages for sale.
OSKALOOSA,
F arm m or-
C a p ita l, $100,000.
Surplus and undivided profits, $32,000.
W. R. L a ce y , Presid en t.
I H. S. H ow ard, V ic e -P re sid e n t.
L Jo h n R. B arn es, C ash ier.
Does a gen eral b a n k in g busin ess.
C o llectio n s receive s p ec ia l atte n tio n .
Oskaloosa National Bank.
OSKALOOSA,
C a p ita l, $50.000.
Surplus and U n divided P rofits, $44,000.
W. H. K a lb a ch , President.
H. L . Spen cer, V ice-P resid en t
\C. E . L o fla n d , C ash ier.
A gen eral b a n k in g busin ess tran sacted .
Mahaska County..
POCAHONTAS,
[ City Exchange Bank.
Pocahontas County... -I W ill D . M cEw en, Presid en t.
|
1,
H . C. D o yle, Cashier.
B an kin g and R ea l E state .
/Lyon County Bank.
Mil l e r & T h o m pso n .
$10,000.
L. J. M etca lf, V ice -P re sid e n t.
J,. B . A le xa n d e r, C ash ier.
One of the sp e cia l featu res of th is b a n k is its co lle ctio n and farm loan
departm en t.
TAMA,
Tama County
First National Bank.
C a p ita l, $50,000.
Surplus, $50,000.
J. L . B rack e n , Presid en t.
T . L , W illia m so n , C ash ier.
D. E. G oodell, A ss is ta n t C ash ier.
A gen era l b a n k in g bu sin ess tran sacte d .
WATERLOO,
( The First National Bank.
.
I C a p ita l, $150,000.
s u rp lu s, $2 5 . 0 0 0 .
Blackhawk County-----
I H. B . A lle n , P resid en t.
1 F . J. E igh m e y , C ash ier.
M u n icip al, co u n ty and school bonds bo u gh t and sold.
F arm loan s n ego tia ted at lo w est rates. Pro m p t serv ice.
WAYERLY,
/ Herman American Loan and Trust
’
Co.’s Bank.
Bremer County............... / C a p ita l, $2 5 ,0 0 0 .
v
Su rplu s, $15,000.
I W. C. H olt, P resid en t.
J u lia n R u d d ick , C ash ier.
G en eral b a n k in g busin ess tran sacted .
ROCK RAPIDS,
A gen era l b a n k in g b u sin ess tran sacte d .
J
(O. P. M iller, J. K . P. Thom pson.)
C a p ital, $100,000.
U n d ivid ed profits, $30,200.
I M. A . C ox, C ashier.
' F . B . P a rk er, A s s is ta n t C a sh ier.
Lyon County..
\
I f yo n w a n t some ch o ice farm lo an s d ra w in g 5 per c e n t, in te re st, w rite
us for d escrip tion s o f sam e.
SAC CITY,
/F irst National Bank,
C a p ita l, $50,000.
Su rplus and P rofits, $25,000.
D. E . H allett, P resid en t.
J E . C riss, V ice-P resid en t.
I H. H. A llis o n , C ash ier.
\ H. S. B a rn t, A ss is ta n t C ashier.
T ra n s a c ts a gen eral b a n k in g business.
SaC County.........................f
1
First National Bank.
STORM LAKE,
C a p ita l, $50,000. Surplus,
Buena Vista County... W . E. B row n , P resid en t.
| Mahaska County State Bank.
Mahaska County............-j
C o llectio n s a s p e c ia lty .
I Fremont County Bank.
J C a p ita l, $25,000.
\ J. H. M cD onald, P re sid e n t.
\H . H . M cD on ald, C ash ier.
S p ecial fa c ilitie s for co lle ctio n s.
I
WAPELLO,
(The Wapello State Sayings Bank.
Louisa County..................j C a p ita l S tock, $30.000. Su rplu s, $6 ,0 0 0 .
\ Jo h n O tto , P resid en t.
I F . M. O ng, V ice -P re sid e n t.
tW . H. C olton , C ash ier.
Prom pt atte n tio n paid to a ll b u sin ess in tru sted to us.
WINTERSET,
Madison County
¡First National
C a p ita l, $50,000.
Bank.
Su rplu s, $20,000.
G en eral b a n k in g bu sin ess tran sacted
C. D. .B ev in gto n , Presid en t.
W . S. W hedon, C ash ier.
R E P R E S E N T A T JvETÖWÄ L A W Y E R S .
DAVENPORT,
Scott County.......
(
)
Heinz & Fisher.
A n y D aven port ban k.
A gen eral la w busin ess.
R eal esta te m ortgagee b o u gh t and sold.
FAIRFIELD,
Jefferson County.
•.
f
Rollin J . Wilson.
. <
G en eral A tto rn ey.
)
R efers to an y ban k in co u n ty.
(
1 m ake a sp ec ia l fea tu re o f C o m m ercial and B a n k in g L a w .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
MASON CITY,
Cerro Hordo County ..
Cliggitt, Rule & Keeler
I R eferen ces by P erm issio n :
F ir s t N a tio n a l B an k.
1 C ity N a tio n a l B a n k .
Iow a N a tio n a l B an k.
Sp e cial atte n tio n to co m m ercial law .
OSKALOOSA,
J. F.
&
W. R. Lacey.
Mahaska County......... ■< R eferen ce:
O skalo o sa N a tio n a l B a n k.
M ah aska C o u n ty S tate B an k.
P a rc tic e in a ll co u rts. Do a gen eral la w business.
May, 1903.
TH E N ORTH W ESTERN BAN KER .
43
S P E C I A L LIST O F M I N N E S O T A B A N K S .
GLENCOE,
( Bank of Glencoe.
REDWOOD FALLS,
C a p ita l, 850,000.
McLeod County
/First National Bank.
A u th orized C a p ita l, |50,000.
P aid Up C a p ita l, $25,000.
Su rplu s, $4,000.
A. C. Burm eister, Presid en t.
H. D. B a ld w in , V ice -P re sid e n t.
,H . A. B ald w in , C ah ier.
O. W . M cM illau , A s s ’t C ashier.
G eneral b a n k in g business tran sacted .
Redwood County..
F aSurplus,
rm loans810,000.
a sp e c ia lty .
G. K . G ilb ert, Presid en t.
A. J. Snyder, V ice-P resid en t,
L . W . G ilbert,
C ashier.
MONTEVIDEO,
Citizens
State
Bank.
B.CH.
C arson,
A s s is ta n t C a sh ier.
a p ita
l, 830,000.
D
eposits
and
Profits,
8140,000.
Chippewa County
E stab lish ed 1879. In co rp orated 1890
C. D. G rifflth, Presid en t,
i M. E. T itu s, C ash ier.
W e can fu rn ish first m o rtga ge farm loan s run n in g five years, in terest F I V E
per cent. Io w a and W iscon sin in v esto rs w rite us.
B a n k in g business tran sacted .
FARM LftNDS
Kansas City Southern Railway
“ Straight as the Crow Flies”
KANSAS CITY TO THE GULF
m a sa s
P A S S IN G T H R O U G H A G R E A T E R D IV E R S IT Y O P C L IM A T E ,
SO IL A N D R E S O U R C E T U A N A N Y O TH E R R A IL W A Y
IN T H E W O R L D , F O R IT S L E N G T H .
A lo n g i ts lin e a r e t h e fin e s t la n d s , s u ite d f o r g ro w in g s m a l l g r a in , c o rn , flax ,
c o t t o n ; f o r c o m m e r c ia l a p p le a n d p e a c h o r c h a r d s , f o r o t h e r f r u i t s a n d b e r r i e s ;
f o r c o m m e r c ia l c a n t a lo u p e , p o ta to , t o m a t o a n d g e n e r a l t r u c k f a r m s ; f o r
s u g a r c a n e a n d ric e c u l t i v a t i o n ; f o r m o r c h a n t a b l e t i m b c r ; f o r r a i s i n g h o rs e s,
m u le s , c a t t l e , h o g s , s h e e p , p o u l t r y a n d A n g o r a g o a ts , a t p r ic e s r a n g in g fr o m
FREE GOVERNMENT HOMESTEADS
t o tw e n ty -fiv e d o lla r s o r m o r e p e r a c r e . C h e a p r o u n d - tr ip , h o m e s e e k e rs a n d
o n e -w a y c o lo n is t t i c k e t s o n s a le f ir s t a n d t h i r d T u e s d a y s c f e a c h m o n th .
W r ite f o r a c o p y o f “ C U R R E N T E V E N T S ,” p u b lis h e d b y th e
K A N SA S C IT Y SOUTHERN RAILWAY
THE SHORT LINE TO
“ INEXPENSIVE AND COM FORTAD LE DOMES.”
H. D. D U T T O N , T R A V . P A S S . A C T .,
KANSAS
C ITY , M O .
S. G.
W A R N E R , G . P. A N D T .
K A N S A S C ITY , MO.
F. E . R O E S ' L E R , T R A V . P A S S . A N D I M I G ’ N A G T . , K A N S A S C I T Y , M O .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I f y o u a re lo o k in g for a h o m e or an
in v e s tm e n t, do n o t fo rg e t t h a t th e
b e s t farm la n d s in th e N o rth w e s t
a re
Along the Line of the Minneapolis
& St. Louis R. R.
w h e re crop fa ilu re s a re u n k n o w n .
Good Soil, Good C lim ate, G ood P e o
p le th e re . F a rm v a lu e s a re ris in g
ra p id ly a n d th e t ;m e t o b u y is N O W .
LOW EXC U R SIO N RATES
from p o in ts on th e Io w a C e n tra l
a n d M in n e a p o lis & S t. L o u is R a ilro a k s, if y o u w ish to in v e s tig a te .
F o r p a rtic u la rs a d d re ss,
A. B. C U TTS,
A. ,
G. P . A., la . C ent, a u d M. &. S t. L. It. It.
M in n e a p o lis, M in n
Bankers Should Protect Choir funds
-—~~— with an-----------------------
Improved Uictor Screw Door Safe...
M a d e o f B r o o k l y n C h r o m e S t e e l.
Y a le T r ip le M o v e m e n t T im e L o c k .
A u t o m a t i c L o c k i n g a n d U n l o c k i n g D e v ic e s .
T H E V IC TO R P A T E N T S include the latest im provem ents in high-class
B u rg lar proof w ork. D o n ’t buy before w ritin g us. O ur C atalogues,
B an k e rs’ T estim onials an d Prices will in terest yo u .
T H E VÍCTOR S A F E AND LOCK COMPANY,
^ = C IN C IN \A T I, OHIO
......
May, 1903.
THE NORTHWESTERN BANKER.
44
n
fp i t 1*** •* ****** *** ***** **J»******* î í » îi I t i t i t i Î I M llM t i l * t ***t * * í* J» »*>*
3
3
CAPITAL, $100,000.
SURPLUS. $98,000.
S
THE
First N ational B ank,
E S T A B L I S H E D 1870.
OF SIOUX C ITY , IOWA.
1
Merchants National Banh
o f
CAPITAL, $200,000.00. SURPLUS AND PROFITS,
$50,318.12. DEPOSITS, $1,501,200.35.
B U R L I N G T O N . IOW A.
A ccounts of B anks received on lib eral term s. A large
list of p a r po in ts in Iow a, M innesota, D a k o ta, an d
N eb rask a. C ollections carefully an d p ro m p tly m ade.
T. W. B A R H Y D T . P r e s i d e n t .
W. E. B L A K E , V ic e -P r e s i d e n t .
J. L. E D W A R D S , C a s h i e r .
H. J. H U N G E R F O R D , A s s t . C a s h .
YOUR
ACCOUNT
IIÏV ITE D .
5
f c t f t t i v t f f f f f f f f f f f f f f f » Iff » « i f f f f f »»-“ f f f f f f f f f f Jf I f « *» f*f-f*‘ *‘ f * v f f f f * 2
U N IO N S A V IN G S
BANK,
D AV E N PO RT , IOWA.
JAM ES F. T O Y , P r e s i d e n t .
A. G RO N IN G E R, V ic e -P r e s i d e n t .
C. N. L U K E S , C a s h i e r ,
J. F R E D TO Y , A s s t . C a s h i e r .
L
T h e m o st p op u lar W in
ter R esort in
C A P IT A L , $100,0 00.
THE NEW
NEW O R LEAN S
A m e r ic a
S t. Charles Hotel
ABSOLUTELY FIRE-PROOF
S U R P L U S , $25,000.
One of the latest, largest and best
Hotels in the country. Accommo
dations for 700 guests, 150 Private
Bath Rooms. Turkish, Russian,
Roms n and Plain Baths. A Mod
ern First-C'ass Hotel. K ept on
both American a n d European
Plans at Moderate Prices. Write
for plans and ra'tes.
T
C O M M E R C IA L A N D S A V IN G S .
G o lf, F ren ch O p era,
4 P E R C E N T IN T E R E S T P A ID ON D E P O S IT S .
S e v e n T h e a tr e s ,
C o n tin u o u s
O F F IC E R S :
J N O . W. B A L L A R D , P re s .
F . W . B A R T E M E Y E R , V ice-P res.
S. L EL Y , C ash ier.
S. D. B A W D E N , A ss’t C ashier.
V a l l e y R a t io n a l P>an^
OF
DES
M O INES
Condensed Statem ent, A p ril g,
C O M P T R O L L E R 'S
H orse R a c in g ,
A. R. BLAKELY & CO. (Limited)
H u n tin g , F is h in g .
P R O P R IE T O R S
SECOND NATIONAL
BANK
OF DUBUQUE. IOWA
1903
Jt
CALL
A*
R e p o rt c f C o n d itio n a t C lo se of B u sin e ss A p r il 9 , 1903
RESOURCES
L oans an d D isc o u n ts...........................................$1,090,347.26
O v e rd ra fts ..............................................................
1,105.92
Stocks an d B o n d s................................................
32,924.43
P re m iu m s................................................................
9,580.00
B anking H ouse an d F i x 'u r e s ..........................
43,000.00
O ther R eal E sta te a n d M ortgages O w ned ..
15,498.45
U ni:ed S tates B o n d s............................................
305,320.00
C ash and E x c h a n g e ............................................
525,532.59
T o t a l ........................................................... $2 023,308.65
LIABILITIES
C apital S to c k ................................ . .................. $ 200,000 00
S u r p l u s ...........................................................
100,000.00
U ndivided Profits ( n e t ) ......................................
9,621 64
C ir c u la tio n .........................................
170,147.50
D e p o s its .....................................................
1,498,539.51
R e d isco u n ts............................................................
45.000.00
T o ta l............................................................. .$2,023,308.65
R. A. CRAFWORD, Pres.
C. H. DILWORTH, Vice-Pres.
W. E. BARRETT, Cashier
RESO U RCES.
On H a n d ......................................- ................ «167,30781
W ith O th er B an ks ............................................ 2 1 0 , 4 0 7 .4 2
W ith U S. Treasurer ...................................
2,500.00
380,215.23
In v e st m e n t s—
Loans ............................................................... 78s, 248.33
Bonds and Other Securities.......................... 228,042.39
O verdrafts.......................................................
324- 7°
Banking House and Real E state.................. 61, 200. oo_ 1,074,815.42
$i,455,ojo. 65
Total
D e p o s it s -
L IA B IL IT IE S .
Individuals..................................................... .$425,97° 34
B a n k s............................................................... 494. 637-95
United States.................................................. 100,000.00 Si, 020,608.29
C a p it a l —
Paid in.............................................................. 300,000 00
Surplus and Profits....................................... 84,422 „6
C i r c u l a t i o n .............................................................. ...................
T o ta l..................................................... .................Si,
384,422.56
50,000. 00
455,°3°-65
This bank transacts a commercial business only, and
pays no interest except on balances of other banks
OFFICERS :
J. K . D e m i n g , P re s.
W . H. D a y , V ice-P res.
H e r m . E s c h e n , C ash ier
DIRECTORS :
ACCOUNTS
OF
BANKS.
S O L IC IT E D . A N D
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
G IV E N
F IR M S
AND
CAREFUL
I N D IV I D U A L S
A T T E N T IO N :::::
W m L. Br a d l e y ,
J a m e s M. B u r c h ,
W . H. D a y , E . B G l o v e r
J .K . D e m i n g , P. A . R u m p f , G e o . W . K i e s e l
\
$
@FedFRASER