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IOW A EDITION N o r t h w e st e r n B an k e r part IO W A TWO G R O U P M E E T IN G S E C T IO N M A Y 1925 <rtt ¿/ te6^ 0 / 3 a *cÁ ¿/¿y . - ^ b ites' ¿¿*t7& ícs> ¿ ¿ ¿ ¿ ¿ ¿ ¿ ¿ cj /C / £ 'S ~ ¿&UVZ / z flstrs * <^f/w M ¿/¿¿¿Í^ C 2¿Jc¿t¿a<L£<i^ - 72¿> T¿2¿Jt d á te s e ¿ z / ¿j C. C. J A C O B S E N /W ezÁ¿ jf¿>usL; R O Y T. A L F O R D -¿-'/My*. typccJy ¿Z%z¿¿ ¿2¿<2¿)<z¿ '¿n u y¿y/ 2¿> ¿2¿¿¿4Í¿& 2/&t¿/ ¿/¿XZsLdS A3a¿¿JíeM> Ú 4¿¿c¿a¿¿¿¿cJ J O H N SIE H tilt in i 1> 11 " " H l >*!>!// t!t\> D. V . FE R R IS I O W A ^AMPTo/y (rtATJo) G RO U P M EETINGS <t DOO$* VINT o'ti N JM AVtíJ K Group 8— Davenport, M a y 4th. o t t i N Olive-, (MATA} 5 <A1 çPyf'1 Group 10— Ottumwa, M ay 5th. c ^ i î ÿ '^ T W t ---------------- -ür M. C. S W E N E Y Group 6— Des M oines, M ay 6th. Group 9— P. J. THEDE Charitcn, M a y 7th. Group 5— Red Oak, M a y 8th. Group 1— Cherokee, M a y 18th. Group 2— Fort Dodge, M a y 19th. Group 3— Hampton, M a y 20th. Group 7— Vinton, M a y 21st. Group 4— F. B, C L A X T O N https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis FR ED D U R B IN S. L. R U T T Lansing, M ay 22d. W . R. F IN L A Y S O N $1,160,569.00 In Surplus to Policyholders Back of the guarantee given in our contracts there is, in addition to the legal reserves— sufficient in themselves, according to avail able experience statistics, to care for outstanding liabilities— this vast amount of money for your protection. One million of this sum— invested by stockholders in many widely scattered communities, likely including one or more in your own— is deposited with the Insurance Department of Iowa. A strong and rapidly growing company should appeal to the think ing buyer of insurance or surety bonds just as it has to the think ing investor. Federal Surety Company A National Institution of Service WRITES Accident and Health, Automobile, Burglary, Plate Glass, Public Liability and W orkm en’s Compensation Insurance, and Surety Bonds W. L. TAYLOR V ice P re sid en t an d G e n e ra l M a n a g e r https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis H O M E OFFICE DAVENPORT, IOWA May, 1925 IOWA GROUP MEETING SECTION remember that the First Iowa State Trust and Saving Ban\ is ready to efficiently handle your interests in Burlington and the surrounding territory. Remember, too, that this instn tution for over a half century, since 1874, has demonstrated its ability to render the kind of service that pleases. W e believe our experience eminently qualifies us to efficiently serve you https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 3 IOWA GROUP MEETING SECTION BANKERS You Can Multiply Your Insurance Department’s Earnings Read This! T HE M EDICAL LIFE Bank Agency Plan is becom ing increasingly popular. It combines all the features, Service and Profit figures you have been looking for. 1. Life Insurance Plus Savings Plan that stimulates thrift, increases savings deposits and attracts new customers. 2. A direct profit to your bank from the deposit this company places with you. 3. An increased field for life insurance business because this company writes not only Standard, Sub-Standard, Child’s Endowment Life Insur ance broad coverages, but also a complete line of Juvenile Policies at exceptionally low rates. 4. A company strong and progressive, anxious to secure bank agencies— with a real plan of banker co-operation. It Is the Logical Plan for YOUR Bank For In fo rm a tio n W rite ^M edical life I N S U R A N C E C O M P A N Y OF A M E R I C A WATERLOO IO W A I. G. L O N D E R G A N V ice President and General M anager https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May, 1925 Plans A re Complete for Iowa Group Meetings t h a t the Association song books which have for the special proved so popular the Group 1 train a r e all Group 8 past f e w years, have Monday. Mav 18 Monday, May 4 Cherokee _ Davenport made, P r e s i d e n t C. been completely revised Group 2 Wohlenberg h a s se Group 10 and are awaiting ten Tuesday, May 19 Fort Dodge Tuesday, May 5 Ottumwa cured two weeks’ leave der treatment from the Group 3 of absence from Hol Group 6 group - meeting song Wednesday, May 20 Hampton _ Wednesday, May 6 Des Moines v stein, Secretary Frank sters. Warner has donned his Group 7 Group 9 Association officers Thursday, May 21 Thursday, May 7 V inton Chariton group-meeting s mi l e , this year have endeav end even“ George,’ ’ the Group 4 Group 5 ored to impress upon _ Friday, May 22 Lansing Friday, May 8 well - known p o r t e r Red Oak bankers of the various from the Des Moines groups the fact that N a t i o n a l Bank, is groomed up to the minute, awaiting the will be meeting places. After the train they should encourage the younger peo gong that will start the 1925 group meet leaves Vinton, en route to Lansing, and ple of their banks to attend the meetings arriving in Waterloo at 7 :30 in the eve as an educational tonic. President Woh ings. ning, Waterloo bankers, through their lenberg, in a special message to Iowa The 1925 marathon will start Monday, May 4, at Davenport, where the River clearing house, of which E. W. Miller, bankers, written especially for the City bankers will do everything in their president of the Commercial National, N orthwestern B anker and presented power— and a little more—to make is president, will put on a big party for on the cover page of this issue, issues Group Eight bankers glad to be there. the passengers, until their train leaves the following invitation: “ ‘ Greater than From Davenport, the group train will via the Illinois Central shortly after ever’ is the slogan that will best describe the 1925 Iowa Group meetings. No ef journey to Ottumwa, where Group Ten midnight. Secretary Warner reports that ad fort has been spared by your county as bankers will settle their problems. Wednesday, Thursday and Friday will vance reservations for the Group Meet sociations and group officers to please see the group-meeting folks in session at ing special train indicate an attendance you with their programs. Instructive ad Des Moines, Chariton and Red Oak, fully equal to last year. He also reports dresses, fine music and splendid enter tainment have all been arranged to make where good programs and fine entertain your group meetings the best ever. Your ment have been prepared by the enter state association sincerely hopes you will taining county bankers’ associations and IN THIS ISSUE attend your own meeting and promote group officers. Page the interests of the Iowa banking fra Bankers who remember the splendid Iowa Group Meetings--------------5 ternity by urging every young man and accommodations on last year’s group woman in your bank to attend.” Davenport M eeting----------------- 7 trains, will find this year’s service The arrangements have been prac equally good. Two sleepers and a cafeOttumwa M eeting----------------- 13 tically completed for the group meeting observation car make up the equipment. “An Editorial” -----------------------15 special train that will be operated be A radio-victrola, furnished through the Des Moines M eeting--------------15 tween the cities and towns entertaining courtesy of Harger-Blish, Des Moines, Red Oak M eeting___________ 19 the groups. The group trains, in accord will entertain the passengers. The train ance with the custom of past years, will Cherokee Meeting----------------- 25 will start on the southern group trip at be operated so as to reach the entertain Davenport, ending its journey on the Fort Dodge M eeting--------------29 ing city early in the morning and remain same trip at Red Oak. Hampton M eeting----------------- 33 late enough at night so that the fifty or On the northern group, the first meet Vinton M eeting---------------------35 sixty bankers on the train can attend any ing of which is scheduled for May 18 at evening entertainment provided by the Lansing M eeting------------------- 39 Cherokee, the cities of Cherokee, Fort bankers of the entertaining city. Dodge, Hampton, Vinton and Lansing rrangem ents A https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SOUTHERN GROUPS NORTHERN GROUPS 6 IOWA GROUP MEETING SECTION May, 1925 A Happy Community for a Happy Meeting When you arrive in Davenport on Monday, May 4th, for the annual meeting of Group Eight, we want you to realize that here is a town o f good cheer, o f fellowship, of good substan tial character of citizenry. W e want you to realize what the words “ w el come” and “ hospitable” can mean in the deepest sense. OFFICERS ED. K AU FM AN N ......... . President R AY N Y E M A S T E R .V ice President H. P. OETZMANN _________ Cashier F. C. K R O E G E R ........ Asst. Cashier F. A. JOHNSON....... ...Asst. Cashier JNO. D. BROCKMANN. Asst. Cash. A. H. H IE G E L ............. Asst. Cashier W e are anxious for you to make our bank your headquarters while you are here. As we have found joy in the pursuit of our business we know you too will be comfortable and happy in our surroundings. We shall deem it a pleasure to serve you in any capacity within our power. Y ou’ll like our program, you’ll like our town, and you’ll like our institu tion. Capital $1,000,000.00 Surplus and Profits $ 1, 000,000.00 A M E R IC A N COMMERCIAL G SAVINGS BANK D A V E N P O R T IO W A https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May, 1925 IOWA GROUP MEETING SECTION 7 Davenport Is One of the Livest Towns in the Middle W est By C. R. Miles S ec’y Davenport Chamber o f Commerce H otel Blackhaw k, Davenport AVENPORT, already known as one of the most hospitable spots in the middle west, will attract large numbers of bankers from Group Eight on May 4, on account of the many civic and commercial features of the city in which all business men are interested. The new million dollar homes of the First National Bank and the Union-Dav enport Trust & Savings Bank will un doubtedly be of primary interest to those attending the May meetings. The erec tion of these banks, as well as the con tinued growth of similar institutions of the city, speaks well for the fundamental soundness of the entire community. Located on the banks of the Mississippi River, one hundred and eighty-two miles west of Chicago, three hundred and twenty miles east of Omaha, two hundred and sixty miles north of St. Louis, and three hundred and fifty-two miles southeast of Minneapolis, Davenport has many advan tages from a manufacturing and distribu tion standpoint. In the past decade freight rates have come to play a very im portant part in the manufacture and dis tribution of all commodities. The Missis sippi River is a freight rate breaking point and Davenport’s entire freight rate structure has been guarded and improved over a long period of years through the efforts of the Traffic Bureau of the Cham ber of Commerce. . The Mississippi River, of course, makes available an abundant supply of water. Ample power for years to come is as sured by the new twelve million dollar power plant, the first unit of which is just being completed. Years of successful op eration of local factories, uninterrupted by labor difficulties, speak well for an ample supply of efficient and contented laborers. Davenport is not alone an industrial center, for it has a very important part D https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis to play in the wholesaling and retailing of all commodities in its trade territory. Its retail section is equivalent in build ings, service, and variety of merchandise to a city many times its size. Nor is Davenport lacking in those at tributes which give a city a soul. The convention visitors will be impressed with the spii’it of the community from the time he enters the magnificent Blackhawk Hotel until he leaves. Idle moments may well be used in visiting those parts of the com munity which reflect in concrete form this community spirit. Numerous parks provide ample accom modation for all kinds of recreation for the children who are interested in the zoo at Fejervary Park or for the older gen eration who prefer a game of golf on the -5C| municipal links at Credit Island. The more active may enjoy a swim at the Municipal Natatorium or at the municipal bathing beach at Credit Island which may be preceded at the latter place by a game of tennis, baseball, and other forms of recreation. Those interested in history and in the unusual will be particularly attracted to the Academy of Sciences which boasts of an unusual collection of Indian relics. More wonderful than all is a trip by the convention visitors to Radiophone Station WOC, one of the world’s largest broad casting stations. It may well be said that Station WOC has been heard ’round the world, for its programs have been heard at points some ten thousand five hundred miles distant. WOC has been more ef fective than any other single agent in mak ing Iowa known as “ The State Where the Tall Corn Grows.” The accompanying illustration of the Antenna System will indicate the enormous size of the station and explain why all convention delegates are particularly interested in visiting it. One might go on and tell about the Country Club and a boat ride on the majestic “ Father of Waters,” but we must leave some things to your imagination. Come to Davenport with Group Eight prepared to enjoy yourself to the full. Bond Issue Over-Subscribed The recent offering of Nebraska Elec tric Power First Mortgage, 5-year, 6 per cent bonds, due in 1930, that were placed on the market by Priester-Quail and Com pany, Inc., of Davenport, Iowa, were oversubscribed in a very few hours. John J. Quail, vice president of the bond com pany, makes this comment on the offering: “ We formally offered the bonds recently and they were disposed of in a very few hours with a heavy over-subscription. The demand for short-term electric light and power bonds has been so strong that we have had considerable difficulty in keep ing a supply on hand for sale to our clients. The bonds were practically all sold before circulars had been sent to our mailing list.” The A ntenna System — The tops o f the towers stand 215 feet above the street; nearly 400 feet above the M ississippi River, and mark the highest point in the Tri-Cities. A t night the towers are illuminated and m ay be seen for several miles. Goiter is common in Chillicothe, 0., and in Ross County, in which it is located. It has been discovered that the drinking water of the town is lacking the iodine compound usually in water. Goiter, it seems, is a result of deficiency of iodine in food stuffs and drinking water, so the merchants of the town are to sell table salt containing sodium iodine in proper proportion.— From Chicago Journal of Commerce. IOWA GROUP MEETING SECTION Northwe st Davenport Saving s Bank Davenport Iowa A real welcome awaits you in Davenport and at this bank when you come to the Iowa Bankers’ Convention in June. It will be a pleasure to be of service to you in every way possible. Capital ............... $ 50,000.00 S u rp lu s............... 50,000.00 Undivided Profits 20,000.00 Deposits ............. 1,700,000.00 Reserve ............... Loans ................. 210,000.00 1,630,000.00 OFFICERS J. S. W E B E R .............................................President P. PETER S...................................... Vice President HENR Y H. JEBENS W M. C. B U R R M AN N ................................Cashier ALBERT EGGERT......................... Asst. Cashier ......................... Attorney Davenport Will Give You a Real W elcome When you arrive in Davenport you will receive an honest-to-goodness welcome. There will be nothing too good for you— the town will be yours. We know that you will enjoy the entertainment that has been arranged, and profit from the program and discussions. Be sure and come— and don’t forget that the officers of this bank can ask for no greater pleasure than the opportunity of serving you. Citizens Trust & Savings Bank Davenport, Iowa OFFICERS E. J. DOUGHERTY, President H. L. HUEBOTTER, Vice-President J. E. BROW NLEE, Cashier E. H. RUNBURG, Asst. Cashier HOME SA V IN G S THIRD and DIVISION STREETS BANK DAVENPORT, IOWA THE W EST END BANK I CAPITAL AND SURPLUS $100,000 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May, 1925 PROGRAM FOR MEETING OF GROUP 8 Davenport, Monday, May 4 Forenoon 10:00— Registration— Hotel Black Hawk 10:30— Meeting of Standing Commit tees Afternoon 1:30— Gold Room, Hotel Black Hawk Meeting Called to Order by Chairman Invocation— Rev. A. J. Miller, Pastor St. Paul’s English Lutheran Church, Davenport Address of Welcome— Ed Kauf mann, President American and Commercial S a v i n g s Bank, Davenport R e s p o n s e— G. L. Mitchell, President F i r s t National Bank, Maquoketa Reports— Committees Two Minute Reports— County Chairman Address— “ The County Clear ing House,” Frank Schuetz, Cashier State Savings Bank, Lawler Open Discussion Voca Solo— Peter McArthur Talk— C. J. Wohlenberg, Presi dent Iowa Bankers Associa tion Talk—Frank Warner, Secre tary Iowa Bankers Associa tion Address— “A Banker and the Public,” Mr. Charles Grilk, Davenport 1926— Meeting Place Banquet and Smoker 6:30— Music— Moose Quartet A Few Words About Mr. Pearson F. L. Pearson, the genial secretary of Group 8, who will be in the official lime light at the meeting of Group Eight at D avenport. May 4, w a s born at Springdale, Iowa, in Cedar county, Oct. 19, 1886. H e acquired his early edu cation in that city, graduat ing f r o m the S p ri n g d ale high school and taught school F. L. pearson for three years. Following that experience he took some work at the Cedar Rapids Business College and in November, 1908, went in the Citizens Sav ings Bank of West Liberty as assistant cashier. Mr. Pearson stayed at West Liberty for four years, then went to West Branch as cashier of the West Branch State Bank in 1912. “ I am still pounding away in that place and in that position,” he said. May, 1925 IOWA GROUP -Priester, MEETING 9 SECTION Quail & Cundy, Inc.- SORRY W E C A N ’T A L L BE O N T H E “ BANKERS SPECIAL” CÖ si 3 O Pull Our Latchstring at Davenport, May 4th Ro 3 3 o 0) OD 0) '•l«i k ft. lU .fW G Ik J /ó O - 4 o -¿ tf301 to 304 FIRST NATIONAL BANK BUILDING ------------- Priester, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Quail & Cundy, Inc.------------ - I O AV A 10 GROUP MEETING May, 1925 SECTION Building Public Appreciation The demand for Register Life Insurance is the result of public confidence that Register Life policies have built for this company. I ? ? The Register Life organization has not concentrated on building big production— but on building Public Appreciation. It is a purely mutual company and its business is conducted for the benefit of its policyholders. Today its reputation is a real selling factor that is passed to every Register Life agent. Register Life Insurance Company G. E. DECKER, President A. E. LITTIG, Sec. and Treas. . Davenport, Iowa ' ■ G E O . W H I T E . Pr e s id e n t I B . A . P H I L L I P S , V ic e P r e s . . M ake an A n a ly sis o f Your Investment Requirements O UR IN V E S T M E N T S E R V IC E T O YO U 1 — SAFE IN V E S T M E N T S 2 — G O O D IN TE R E S T Y IE L D DUBUQUE, IOWA. DES MOINES, IOWA U .& 1 .B U 1 L D 1 N G D a v e n p o r t PUTNAM https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OMAHA, NEBRASKA 210 S E C U R IT IE S B L D G . , Io BLDG. F IR S T NATT. BA N K BLDG. w a May, 1925 IOWA GROUP MEETING SECTION Vice Presidential Candidate An outstanding candidate for the po sition of vice president of the Iowa Bank ers Association at their annual conven tion in Dubuque in June, is C. C. Jacob sen, now chairman of Group One and president of the First State, Mapleton, Iowa. Banker Jacobsen is a veteran in point of service with the state association. Prior to his election as Group One chair man, he served as secretary of the group. At present he is also a member of the Association Educational Committee, on which he has done some splendid work. Mr. Jacobsen has been in the Iowa banking field continuously since 1900 and as this issue goes to press, is planning to be a passenger on board the Group Spe cial train that will cover the North Group Meetings, starting at Cherokee, May 18. Folks, Meet A. N. Bertelsen! A. N. Bertelsen, Secretary of Group 1, was born near Cushing, Woodbury county, Iowa, on September 17, 1887, and went with has par ents to Hol stein ten years later, where he attended t h e public schools and graduated f r o m high school in 1905, later taking a post - graduate c o m m e r c ial course and asA . N. B E R T E L S E N S i St i ng llis father who was then engaged in the implement business. In April, 1907, the First State Bank, Holstein, Iowa, was organized and he en tered its employ as bookkeeper. Four years later, in 1911, he was elected assist ant cashier, which position he held until June, 1918, when he enlisted in the army. He was discharged from the army in April, 1919, and returned to the employ o f the bank and was elected cashier one month later. In 1924 he was elected presi dent, which position he now holds. This institution has deposits that have reached the substantial total of $700,000. Mr. Bertelsen says : “ I have always had a keen interest in community affairs and have in the past been president of the Ida County Bankers Association and at the present time am a member of the Good Roads Committee of the Iowa Bankers Association. Have also been president of our local Community Club and am treasurer of our Local American Legion order. Am a thirty-second degree Mason and a member of Abu-Bekr Shrine. A f filiated with the Republican party.” https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis W |O T very long ago we had the extreme pleas ure o f entertaining IOWA NNrioMAdth our Iowa b a n k e r JUst around^L friends— on the home lot— here in Daven i the corner. port. That was back in 1922 at the state convention. The score we believe was f a i r l y even— every one had a good time— at least it was our p l e a s u r e and privilege to e n j o y your stay in our city immensely. W e are glad again to welcom e you back to Davenport for the an nual meeting o f Group 8, on Monday, May 4th. And we hope you’ ll not hesitate a minute to call on us or any member o f our organiza tion to serve you or furnish you with in formation. A splendid program is planned for you— come early Sunday, May 3rd and enjoy our g o lf courses. Yours until May 4th, 11 12 IOWA GROUP MEETING SECTION May, 1925 Our N e w Building — is eloquent testimonial to the progressive methods and constructive effort of this bank. That we enjoy the confidence and support of the people of our community and sur rounding territory is evidenced by the re markable growth experienced since the date of organization, 62 years ago. A cordial invitation is extended to those having need for increased facilities and services made possible by our new and enlarged quarters. We trust we may have the pleasure of meeting many of our friends at the meeting of Group 8 in Davenport on Monday, May 4th. F ir st N ational Bank Davenport, Iowa A . F . D A W S O N , P re sid e n t I. J . G R E E N , C a sh ie r Cheap, New Capital (Little Talks on Tiling, No. 8) ¡S J R O D U C T I O N capital of a farmer is most accurately measured in tons o f plant food that the roots of his growing crops can reach and use— not in square acres of land, and not in dollars those acres have cost him. Tile drainage will double, and often triple and even quad ruple, this working capital of a field or a farm— and do it at only a fraction of the original cost of the land. That is getting new capital mighty cheap. Tile Drainage Doubles Capital and Multiplies Profits M ason C ity B rick & T ile C o m p a n y Mason City, Iowa https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May, 1925 IOWA GROUP MEETING SECTION 13 Ottumwa— W here Bankers W illlFind a JL Hearty W elcom e OR several years not only the bank ers but the citizens of Ottumwa as a whole have looked forward with pleasure to the annual visit of the Group Ten Bankers. Ottumwans have reason to be proud of their city, with a population of over 27,000. Ottumwa is now the largest city in southern Iowa. Forty-five passenger trains go in and out of the city daily on four railroads. For those who drive, seven marked high ways, including the new Harding Highway, make Ottuimva easily accessible from all directions. Due to these facts and to the progressive methods employed by the Retail Merchants Ottumwa has for years been the merchandizing center for south ern Iowa and northern Missouri. F Ottumwa has one of the largest and best equipped high schools in the middle west, built two years ago at a cost of $1,000,000. It is capable of accommo dating 1,700 students. Other educational institutions comprise fourteen grade schools, two business colleges and the St. Joseph Academy, a Catholic training school for girls. At the present time $400,000,000 is be ing expended in the construction of a https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Catholic hospital. The two standardized hospitals operating at the present time have been unable to keep pace with the rapid growth of the city. As a manufacturing center Ottumwa stands third in Iowa. It will be worth the while of any visiting bankers to take time to visit the plant of John Morrell & Co., founded in Bradford, England, in 1827. John Morrell & Co. have the oldest pack ing business in the world and good man agement for almost a hundred years has made them one of the largest independent packers in the country. Ottumwa is the home of the Dain Mfg. Co., now a branch o f John Deer & Co., which is one of the largest producers of hay tools in the world. The Ottumwa Box Car Loader Co., Morey Clay Prod ucts Co., Ottumwa Iron Works, and Ilardsocg Wonder Drill Co. loom large among the sixty-five manufacturing plants. Manufactured products include mining tools, candy, cigars, millwork, overalls, collapsible chicken coops, etc. Ottumwa has forty-eight concerns do ing wholesale business of $25,000,000 an nually. The social activities of the city center around the Wapello Club, the Elks Club, the Country Club and the American Legion. Ottumwa is proud of its many and beau tiful churches. Practically every religious denomination is represented. At a cost o f $150,000 the Swedish Lutherans have just completed a modern and beautiful build ing which should not be missed by any of the visiting bankers who go out sight seeing. Three National, seven Savings banks and the Trust Company take care of Ot tumwa’s financial needs and by their en viable record of sound banking have ac quired a state-wide reputation. By al ways being in a position to accommodate responsible borrowers they have con tributed to a large extent to the healthy growth of the community. A Good Providin’ Man “ Is your husband much of a provider, Milandy ?” “ He jes’ ain’t nothin’ else, ma’am. He gwine to get some new furniture pro vidin’ he gits de money; he gwine to git de money providin’ he go to work; he go to work providin’ de job suits him. I never see such a providin’ man in all mail days.” — Ex. IOWA GROUP MEETING SECTION Two More Passengers ! W e wouldn’t miss this annual jaunt for a farm. The Group Meetings have become an established institution in Iowa banking circles. The Iowa Loan & Trust Company is for anything that promotes better banking and we are convinced that Group Meetings, with their intimate personal contacts and interchange of experiences, have that result. W e urge you to attend Y O U R Group Meeting. will show you a real profit. Heartily, A B O U T H O W A R D FULLER! Time thus spent CL.S. 4*4 Just between the all of us— Howard did not have a thing to do with this letter. He was too busy honeymooning— and he deserves your congratulations when you see him.— Editor Northwestern Banker. Vice President. Vice President. $ Trust '<y.?Company ---------BANK---------M em ber* F e d e r a l De s M o in e s 'O l d e st R eserve B a n k in g DES MOINES https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S v e ie m In st it u t io n May, 1925 May, 1925 IOWA GROUP MEETING 15 SECTION Should W e H ave “ Holiday99 Group M eetin gs Only ? (An Editorial) H E present plan of holding the Iowa group meet ing on consecutive days, with a week between the northern and southern trips, has proven very popu lar to most bankers. I t affords an opportunity for the officers of the state association to visit all of the groups by the organizing of special trains. These trains also carry other bankers of the state who may be desirous of attending other groups than their own. Also representatives of banks, bond companies and other financial institutions, from the large financial centers make these trips and are always most welcome. In a letter received recently by the N orthw estern B a n k e r , J. M . Dinwiddie, president of the Cedar Rapids Savings Bank, took exception to the present group meeting plan and suggested that all the groups hold their meetings on two holidays, possibly on L incoln’ s and W ashington’ s birthdays, February 12 and 22, and that every employee of the banks could then attend and get the benefit of the pro grams. M r. Dinwiddie said: “ A year ago I ran across the coun try to attend a group meeting and to get there happened to get on a group meeting special train early in the morning and found that the m ajority of those on the train were rep resentatives of Bond Houses, of Supply Houses, Adding Machines, etc. W e have very few bankers other than per haps the officials using these trains throughout the m eet ings. O f course that plan gives the officers a chance to attend every group meeting. I d o n ’t care so much about the officers attending these group meetings as I do about the bankers themselves attending them and I look upon a group meeting as a local affair largely, at which we ought to ar range for the attendance of not only the member banks, but as far as possible, of every member of the force belonging to the banks. M y reform would consist in having these group meetings each year on W ashington’ s and L incoln’s birthdays, days on which most banks close, and I would let the officers select which of the groups they would attend, if any, but I would encourage all the banks in the groups to take with them their office force to attend these group meet ings and let those people who seldom get to attend a real convention rub elbows with their neighbors in their group and talk among themselves on those things 'which concern banking. ’ ’ W hile Mr. Dinw iddie’s plan might result in a few more of the employees attending the group meetings it must be remembered that in most groups the banks in the past have usually declared a holiday and thus made it possible for the m ajority of their employees to attend the meetings or at least the banquet in the evening where the principal program is given. Also, the present plan allows the various groups to secure some prominent speaker who is willing to address all the groups, but who might not be so easily secured if he were asked to address only one group meeting. It has been our observation that the representatives of banks, bond houses and other institutions allied with bank ing are alw ays most welcome among the local bankers. Frequently these men bring inform ation concerning busi ness conditions or banking relations which are highly ap preciated b y the bankers attending the group convention. Certainly the suggestion of M r. Dinwiddie to get more employees to attend the group meetings is a most com mendable one, but ca n ’t this be accomplished and still re tain the desirable features of the present group meeting plan which has become so popular under the able and capable management of Secretary Frank W arner? Meeting of Group 6, Des Moines, May 6, 1925 OFFICERS OF GROUP 6 S. L in c o l n R u t t , President President Abram Rutt National Bank CASEY, IO W A N . P . B l a c k , Secretary Cashier Dallas County Savings Bank M IN B U R N , MORNING SESSION AFTERNOON SESSION H otel F ort D es M oinrs, Oak R oom Registration: 9:30 to 10:00 a. m. Meeting called to order at 10 :00 a. m. Address of Welcome: Geo. Way. Williams, Iowa Loan & Trust Company. Response: J. M. Grimes, President, First National Bank, Perry, Iowa. Report: Group Officers. Address: Matters of Interest to the Group— C. J. Wohlenberg, President, Iowa Bankers Association. Address : Des Moines Clearing House and County Clear ing Houses—B. F. Kauffman, President, Bankers Trust Company, Des Moines, Iowa. Address: Cooperation and Farm Organization— Ray L. Gribben, Secretary, Iowa Farm Bureau Feder ation. 11:30 a. m. to 12:00 Noon: Leading subjects of the day; open discussion. At this point, the meeting adjourns for luncheon and afternoon entertainment at the Wakonda Club as guests of the Des Moines Bankers. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IO W A W akonda Club Luncheon. Golf. Cards. • Dancing. M e n ’ s R eception Committee Presidents of Des Moines Banks L adies ’ R eception Committee Officers of the Ladies’ Bankers Club, Des Moines T ransportation Committee R. C. Chase, Assistant Cashier, Iowa National Bank G olf Committee Clarence Diehl, Vice President, Des Moines National Bank. C. T. Cole, Vice President, Valley National Bank. Ross Morrow, Assistant Cashier, Peoples Savings Bank. 16 IOWA GROUP MEETING SECTION The Problem of Finance Everyone has problems. Problems that deal with personal af fairs, the family, and various other matters. But one problem that confronts all, is the problem o f finance. A banker can solve the problem o f finance. He should have the confidence of his community. He can bring to his people stores of good advice in promoting thrift and economy, conservation o f property, and also help folks to get ahead. To properly fulfill this mission o f service, a banker must work through a medium. A medium which deals with financial problems in a friendly, sincere, and personal way, and which reaches the hearts of bank patrons. Wessling Services have proven to be such a medium to a great many bankers. FROM IOWA AT LYTTON D.R.W ESSLING. AR.W O LF VICE PRESIDENT Planners and Creators of OriginalBank S ervices Bank A rt -W indo w a n d L o bby D is p l a y s -C l a s s if ie d P r o g r a m s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May, 1925 IOWA May, 1925 GROUP MEETING SECTION 17 Chariton W ill W elcom e Group Nine Bankers UTSTANDING among the smaller, cities of Iowa is Chariton, where Group Nine bankers will meet. Its fame as a live, energetic business city and a city of homes extends over the state and into the neighboring states of the great middle west. It can be well said that Chariton is safely implanted in the heart of the most prosperous and dependable section of America. O Postoffice, Chariton The city of Chariton, located in the southern section of the state, some fifty miles due south of Des Moines and mid way between the two great rivers, is blessed with not only the advantages enjoyed by the state in general, but also some peculiar to the immediate locality. One of these is the freedom from ex tremes of temperature. Another is the absence of destructive storms. Another is the abundance of cheap fuel supply. And again, it is situated in a most beau tiful and picturesque part of the state, with stretches of fertile prairie, grassy meadows, beautifully wooded hillsides and rippling streams of pure water flow ing from ever living springs. The ele vation of Cherokee is 1,050 feet and from this great divide the waters flow on one side to the Mississippi and from the other side .to the Missouri river. Chariton is the county seat of Lucas county, which is a fine farming, stock raising and dairying country. The city has a population of 5,400, all Englishspeaking people. It is a trading center for a large section, and is regarded as one of the best commercial towns in Chariton Public L ibrary southern Iowa. The surrounding terri tory is underlaid with the greatest coal deposits in the state and has many coal mines. Most of the coal mining employes trade in Chariton and many of them live in the city. They are a good class of people and many of them are home owners. Fuel is cheap and plentiful, elec tric power is available in any quantity, and Chariton offers every encouragement to industries seeking to locate. With all the big city conveniences, but without their labor troubles and major crimes, Chariton is an ideal factory or home location. Chariton takes great pride in its pub lic school system. Five large buildings splendidly located and supplied with the best equipment house the children. Char On the le ft is shown the Lake V iew G o lf Club of Chariton, Iow a. of the lake at Chariton. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis iton has four grade schools, a junior high school and a new, quarter million dollar high school. The teaching staff is an exceptionally strong one. Chariton is served by the main line of the C., B. & Q. railway and by the Min neapolis and Kansas City line of the Rock Island railway. It also has a branch of the C., B. & Q. railway leading out to the north to Des Moines and an other to the south to Kan sas City. It has some twenty passenger trains daily and has excellent freight service. It is a good distributing point for southern Iowa and northern Missouri. Chariton is located on the Blue Grass Trail, the Capitol to Capitol Trail, and on the proposed Hard ing Highway. It has two primary roads—No. 8 and No. 14. No. 8 primary, running from Burlington to Council Bluffs, is one of the most im portant roads in the state and is desig nated as a federal aid road, and one that shall receive the larger federal aid. It is destined to be one of the first highways paved across the state, as it now has a very heavy traffic and is in large part graded ready for surfacing. Chariton has a God-loving population who have erected imposing structures in which they worship. Congregations of most all denominations hold regular serv ices and a friendly, cooperative spirit exists among them. Chariton has a new $50,000 postoffice, a large courthouse, 12 miles of paved streets, a fine library with 14,000 volumes and 3,500 patrons, a modern gas plant, (Continued on page 40) A t the right is a splendid view IOWA GROUP MEETING SECTION ALL RED OAK IS LOOKING FOR YOU! T HOSE o f you who have visited Red Oak before will expect a real welcome, for you know that Red Oak is a friendly town. Those o f you who have not heretofore favored our city with your presence have a delightful surprise in store. You will like RED O A K because you will find it alive, awake, friendly and progressive. It is typical of Iowa at her best. COME TO RED O A K ! The Montgomery County Bankers’ Association has planned a pleasurable and profitable time for you. Red Oak W ill Welcome You— Come! Farmers National Bank H. C. Houghton's Bank First National Bank Red Oak National Bank Red Oak Trust https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Savings Bank May, 1925 May, 1925 IOWA GROUP MEETING SECTION 19 Red Oak W ill W elcom e Group Five Bankers By J. E. Rogers Executive S ec’ y Red Oak Community Club HE Montgomery County Bankers7 Association and the Community will welcome the bankers of Group Five to Red Oak, May 8. Montgomery county, the garden spot of Iowa, with its rolling hills and wide river valleys, has every advantage sought by man as a place to live and prosper. Kentucky comes here for its blue-grass seed; our feeders top the market with their fine cattle and hogs, and Montgom ery county produces great quantities of poultry, eggs and butter. The farmers of Montgomery county are farmers who practice diversified T H igh School at Red Oak, Iowa PROGRAM OF MEETING OF GROUP FIVE Red Oak, Iowa Friday, May 8, 1925 The Red Oak, Iow a, Country Club The T. D. M urphy F actory at Red Oak, W o r ld ’ s L argest Calendar F actory https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9:00 A. M. Registration at Hotel John son. 10:00 A. M. Session at Oak Hill Coun try Club. Meeting Called to Order by Fred Dur bin, Chairman, Cashier Malvern Na tional Bank. Secretary, Fred J. Boie, Cashier Han cock Savings Bank. Invocation, Rev. Alexis Andreen, President Red Oak Ministerial As sociation. 10:15 A. M. Address of Welcome, W il liam Cochrane, Vice President and Treasurer, Thos. D. Murphy Co. 10:30 A. M. Response to Address of W el come, Senator W . S. Baird, Council Bluffs, Iowa. 11:00 A. M. Address, “Eggs and What’s In Them,” Rev. Ira S. Carney, Pas tor Church of Christ, Red Oak, Iowa. 11:45 A. M. Impromptu Addresses. 12:00 M. Business Meeting. Dinner Entertainment at Oak Hill Country Club. farming and this is not a one-crop or one-commodity community. The prosperity of Montgomery county is reflected in the excellent bank state ments of the banks of the county. The city of Red Oak, the county seat of Montgomery county, shares with the other towns of the county in having all the things found in up-to-the-minute cities and towns : good school, churches, civic and social organizations, with a large, active Farm Bureau organization doing everything possible to help the farmer solve his problems. Montgomery county is a unit in all IOWA 20 things, getting behind every good move ment and getting the best of results by united action. The bankers of the whole county will be here to welcome and entertain the Group Five bankers on May 8, with a good program and a good time. The Red Oak Country Club, where the meet ing will be held, is ideal for having a good time and just the place to have the program. The visiting bankers of Group Five will find a warm welcome and an instructive program awaiting them at Red Oak, with the spirit of the Mont gomery county bankers expressed with true hospitality. GROUP MEETING May, 1925 SECTION ‘ ‘ Carroll county takes rank among the foremost in per capita deposits in banks, based on population. “ St. Angelas Academy, exclusive girls’ school, with attendance from five or six of the states of the union, is located at Carroll. The city also has three banks, with deposits in.excess of $3,500,000.00.” A Veteran Banker B. B. Clark, who has helped Mont gomery county prosper and grow for over fifty years and is active as the president Carroll Wants 1926 Meeting Bankers of Carroll and of Carroll county are planning to extend a cordial invitation to Group Five to hold the 1926 Group meeting in Carroll, according to advice received from Leo J. Wegman, cashier of the American Savings Bank of Carroll. Speaking of the many good things Carroll will have to offer to Group Five bankers, Banker Wegman says: “ Car- Urge A. C. Smith as 1926 President Many Iowa bankers who have the wel fare of the Iowa Bankers Association at heart, and who are looking farther ahead as regards leadership in the association’s affairs, have enthusiastically endorsed the movement which has now for its pur pose the securing of the 1926 presidency of the Iowa Bankers Association for A. C. Smith, president of the City National Bank of Clinton, Iowa. Some of Mr. Smith’s warmest friends have suggested that he allow*them to use his name as candidate for 1925. It is understood that Mr. Smith is un willing that his name be used this year, but it is also learned from sources close to the popular Clinton banker that he B. B . C L A R K of the Red Oak National Bank and the Red Oak Trust and Savings Bank of Red Oak, and the Coburg Savings Bank of Coburg. He is a true believer in the good things in Montgomery county. L E O J. W E G M A N roll, Iowa, is the best town of five thou sand population on earth. It has two trunk line railways, Chicago, North west€ rn, Omaha to Chicago, three branch lines out of Carroll to Harlan, to Audu bon and to Sioux City, Chicago Great Western Omaha to Twin Cities and Omaha to Chicago; a bus line, Carroll to Des Moines, two trips each way daily; a bus line, Carroll to Spirit Lake, now being scheduled. “ It has a live Commercial Club, Lions and Rotarians. A Masonic Temple, Knights of Columbus B-ulding proposed, at cost of $80,000, the Carroll County Club, modern up to date club house and golf course. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis First National, Davenport The recent call for statement from the National Banks shows that the First Na tional of Davenport jumped from the five million to the six million class since Jan uary 1st. Their total resources now stand at $6,540,000. Since the first of the year they show a gain of $664,000 in deposits, an increase of better than 13 per cent. Fire of unknown origin recently des troyed the banking home of the Knoke Savings Bank of Knoke, Iowa. The loss was partially covered by insurance. The bank is now located in a temporary home until a new building is erected. Plans for the new building are now be ing made. Officers of this institution are : President, G. H. Mohr ; vice presi dent, W. J. Knoke; cashier, E. Bretthauer. A . C. S M IT H would not be unwilling to give further of his time and energy to the work of the Iowa Bankers Assiciation, in which he has always been interested. He has served in the past as an active member of many committees in the Iowa Associa tion, and also the A. B. A. At the pres ent time he is chairman of the Educa tional Committee of the State Associa tion. Mr. Smith has many admirers and friends in all parts of Iowa, who would be happy to help promote his can didacy. A Proud Father A daughter, Marilyn Ruth, was born recently to Mr. and Mrs. Louis C. Pendry of Indianola, Iowa. Mr. Pendry is cash ier of the First National Bank of Indianola. May, 1925 IOWA GROUP MEETING SECTION M IGHTY OAKS first art calendar sold to iSN^j advertisers was made in 1889. It was printed in a newspaper job shop in Red Oak, Iowa, and the success which attended this first effort in a new advertising field resulted in the creation of a great industry. From this small acorn mighty oaks have grown— a tribute to the soundness of the idea that was orig inated by two young men in a little Iowa town. d One of the two partners who was re sponsible for the first calendar is now the head of The Thos. D. Murphy Co. In length of experience and knowledge of the principles upon which the busi ness has been founded the management of The Thomas D. Murphy Co. is second to none. One thing well done lias long been the quality watchword of The Thos. D. Murphy Co., and a standard which we have been enabled to uphold because of a unity of purpose throughout the entire organization. Our employees have in many cases grown up with the business. Our labor turn-over is undoubtedly far less than a concern located in a large city with a big floating population. The men who make calendars at Red Oak know their business. All of these things are a guarantee to customers that in purchas ing from the original calendar source they secure the best the market affords. d Red Oak is not one of the big cities of the country,’ nor of the state in which it is located, but it is a modern little city which affords every convenience for good printing. The clear country air and freedom from city dirt, smoke and grime undoubtedly help to improve the finished product. Although we are located in a small town in a mid-western state, we nevertheless have a factory building and equipment which is second to none and better than the ninety-and-nine. d In point of size, ours is the largest ex clusive calendar factory in the United States. It is, as those of you who have seen it know, a beautifully designed building of modern mill construction. From the smallest Gordon press to the largest Miehle the actual printing machin ery is of the very best design. A policy of yearly replacement keeps this pro ductive machinery at the highest stand ard of performance. No old rickety presses are permitted to turn out Murphy quality printing. From the Order De partment to the Shipping Department the same meticulous care is exercised in the completion of the real works of art which build the Murphy fame, d As the birthplace of art calendars the little city of Red Oak has become justly famous. As Oberammergau has been noted for the production of the historic Passion Play, so Red Oak is noted at home and abroad for Murphy art calen dars. Murphy calendars are sold in every state in the Union, in Canada, and on both sides of the ocean, d Among its best customers the Murphy Company includes the bankers, who have been quick to appreciate the particular value of art advertising in representing their own business before their customers and prospects. To the bankers, there fore, we extend a cordial invitation to visit our plant, believing that they will be particularly interested in the closer working of a business which is so vital to business as ADVERTISING. THE THOS. D. MURPHY CO M PAN Y RED OAK. I O W A “ TH E B IR TH PLA C E OF A R T C ALEN D ARS ” Producers of exclusive, copyrighted art calen dars, dhect-hy-mail campaigns, business and personal greeting cards, fans, blotters, maps https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 22 IOWA GROUP MEETING SECTION May, 1925 TOP O ’ THE M O R N IN G W e are looking forward with great pleasure to visits with our banker friends at the May Group Meetings. It is always a happy occasion to visit with old friends and neighbors dmu it mg the finest season o f the year, refreshing business and personal re" lationships o f many years' standing. EDMUND W. MILLER, President JAMES M. GRAHAM, Vice-President H. W. WENTE, Cashier S. C. KIMM, Asst. Cashier R. L. PENNE, Asst. Cashier CHAS. S. McKINSTRY, Asst. Cashier LILLIAN SHOEMAKER, Auditor T3he C o m m e r c ia l N a t io n a l B a n k WATERLOO, IO W A C A P IT A L AN D SURPLUS ONE-HALF MILLION RESOURCES OVER F IV E MILLION DOLLARS Forty-two Years of Successful Banking https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis HIGH G R A D E BONDS 6? M O RTG AG ES FO R B A N K IN V E ST M E N T B O J slD S M ORTGAGES t 0= Government First Mortgage Municipal Real Estate Loans Public Utility on Industrial City and Farm Railroad Property 'S h e C o m m e r c ia l N a t io n a l C o m pany WA T E R L OO, IOWA EDMUND W. MILLER, President E. H. WYANT, Secretary C A P I T A L and SU RPLU S $125,000.00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 24 IOWA A ° GROUP MEETING SECTION May, 1925 ° G ^ Pleasure and Profit You will find pleasure and profit awaiting you at the annual meeting of Group One at Cherokee, Monday, May 18th. Cherokee Bankers, the Chamber of Commerce, the Cherokee Country Club and all citizens welcome you cheerfully and are glad of the opportunity to show you Cherokee and its many industrial and civic features. A splendid program— enjoyable entertainment, dancing, golfing— and a business session of particular and vital interest to every member of Group One. Come to Cherokee— bring the family, we want you to— and profit by the business meeting and, at the same time, enjoy yourself immensely. Make Your Reservations In order to make the proper arrangements for your convenience, the Banks of Cherokee County will appreciate your making your reservations at once. Tell us how many. Send them to Mr. Parker, President First National Bank. Cherokee State Bank First National Bank Security N ational Bank Steele’s Bank https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis IOWA May, 1925 GROUP MEETING SECTION 25 Cherokee— A City of Fine Homes HE city of Cherokee, Iowa, where Group One bankers will meet May 18, is located in the valley of the Little Sioux river, and near the center of Cherokee county, of which it is the county seat. It spreads itself over a series of gently sloping hills on the west bank of the river. With its natural beauties of tree-clad hillside and bluff, and the winding river, it has an ideal location from the standpoint of either beauty or community wellbeing. Cherokee county is a part of that table land that stretches across western Iowa and has proved one of the richest and most productive regions anywhere in America. With a deep, rich soil adapted to the growing of all forage and grain crops in its zone, agriculture has reached a high state of development. Cherokee county has many “ feeders” and some of the best finished loads of steers and hogs sold on the Sioux City and Chicago’ markets are from this county. The fact that a Cherokee farmer “ tops” the market is so common as to excite little comment. Along with this has come an improvement in livestock standards, and championship winning herds of purebred horses, cattle and swine are numerous. In recent years, dairying has been making rapid strides, and with the foundation already laid for many pro ducing dairy herds, Cherokee county will in a few years be as favorably known for its dairy herds as it is now for beef strains. Cherokee city has a population of 6,000. Its climate is pleasant. Summer and fall are especially delightful. Nights are cool, even during the hot season. Recreation is cared for through ample playgrounds connected with the schools of the city, an athletic park, a well ap pointed country club with facilities for Public L ibrary at Cherokee, Iow a golf and tennis; City Park, a large and carefully kept public park; bathing facil ities at Lake Markham, thanks to the Illinois Central railroad, and many beau tiful wooded spots along the Little Sioux open to the public. Three splendid thea ters offer varied high-class programs. Evening concerts by the Cherokee Con cert Band throughout the summer are a feature that brings in thousands each season. The public schools of the city include Senior and Junior high schools, and grade schools. The schools are affiliated with the Iowa State Teachers College and many student teachers get their training in the Cherokee schools. Immaculate Conception school and St. Mary’s acad emy, under the Sisters of St. Mary, care for a large group of both day and board ing pupils. Cherokee also has many fine church buildings with large congre gations. Cherokee’s utilities include water of splendid quality from deep wells, gas, electricity and sewers. A motorized fire department is well equipped and an effi cient organization. The city has recently completed an elaborate paving project with all important streets and alleys paved. Well graded and surfaced high ways, a part of the state Primary system, lead into the city from all directions. The best known of these, the Custer Battle field Highway, from Des Moines and the southeast, runs through to the National Parks and west to Pacific points. Cherokee’s public and semi-public in stitutions include the Cherokee State Hospital, largest and most modern in stitution of its kind in Iowa, where up ward of 1200 mentally affected patients are cared for. The Sioux Valley Hospi tal, an institution erected by public sub scription, affords splendid facilities for the care of those needing medical or sur- Cherokee State H ospital— L argest Institution o f Its K in d in Iow a https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 26 IOWA gical treatment. A Carnegie library con taining over 10,000 volumes, together with a very elaborate museum and col lection of historical relics. A Federal building, now in process of construction, and which will be ready for occupancy this fall. A Chamber of Commerce founded on modern lines, City Hall and Armory. Modern hotels and garages and a convenient, sanitary tourist camp. Not the least of its interesting events is the GROUP MEETING SECTION Annual Pilot Rock Plowing Match, Live stock and Industrial Show, held annually near Cherokee. Cherokee is the home of a number of manufacturing and distributing plants that are doing a thriving business. With excellent railroad facilities, ideal living conditions, located at the hub of a wide and prosperous territory, Cherokee offers a really fine location for further develop ment along these lines. May, 1925 Cherokee banks, four in number, are strong institutions, with ample facilities to care for the growing needs of the ter ritory and city which they serve. Retail trade is the foundation of the business interests of the city and Cherokee is PROGRAM FOR GROUP 1 Cherokee, May 18, 1925 9:00 A. M. Registration, Cherokee Country Club Meeting called to order, Country Club Invocation Address of Welcome Response by A. B. Darling, Presi dent Security National Bank, Sioux City Addresses— Dr. George Donahue, Superintend ent Cherokee Hospital Hon. Guy M. Gillette Justin Barry, President Cherokee Chamber of Commerce C. J. Wohlenberg Frank Warner Visit to State Hospital Golf and entertainment. famous throughout western Iowa for the varied and excellent stocks of merchan dise carried in all lines of wearing ap parel, dry goods, groceries, building ma terials, implements, etc. Transportation needs of the city are cared for by the Illinois Central rail road, being a division point for that sys tem. Lines run east to Chicago; north to Sioux Falls and the northwest; to Sioux City, and south to Onawa with connections to Omaha and the southwest. All in all, Cherokee is a city in which anyone desiring a home can locate with the feeling that here is a friendly city, well established in a prosperous com munity, where one will find it worth while to live, to rear one’s family and to follow business or a vocation. SOU N D BONDS FOR B A N K C. W . Britton Company Sioux City, Iowa INVESTM EN T Commercial Paper and In vestment Securities. Our thorough banking experi ence enables us to supply banks The First National Company o f Iowa Hanford MacNider, President M ASON C IT Y Security Building Cedar Rapids https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Valley National Bank Building Des Moines with long or short time invest ments suited to their require ments. No client has ever suffered a loss on paper sold by us. May, 1925 IOWA GROUP MEETING SECTION 27 W A T C H Y O U R STEP At Cherokee, Iowa, Convention and be sure to have a visit with the officers present of the old First FfationalBan\ of Sioux City C A PITA L ONE MILLION DOLLARS P Q ITWe want 1 . 0 . to be o f service toTI J^you. Make your wants knownJJ Are You Watching All the Corners? You demand Safety, Service and Profits in the operation of your institution. W e realise that our customers’ prosperity is our prosperity. Have the proceeds of live stock shipped to Sioux City placed in an interest-bear ing account the day o f sale. T h e L iv e S tock N ational B ank SIOUX CITY, IOWA “ T h e Bank at t he Y a r d s ” https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 28 IOWA GROUP MEETING SECTION May, 1925 FRED H. WRAY, Cashier R. E. MILLER, Ass’t Cash. I. W . BLOUGH, Ass’t Cash. A. M. DECKER, Ass’t Cash. Waterloo's Pioneer Bank 18 5 6 ^ 19 2 5 The history of this bank dates back to the 13th day o f July, 1856, when John H. Leavitt, pioneer, opened the door of his private bank and real estate office. Mr. Leavitt served a full half century and was succeeded by James E. Sedgwick until his untimely death in 1918. Ira Rodamar, its third president, now heads this insti tution after thirtv-two vears of consecutive, individual service. Your business is respectfully solicited on the basis of this unusual record and the desire to serve you. C A P I T A L _________________ $ 200,000.00 S U R P L U S _________________ 100,000.00 105,000.00 PROFITS _________________ D E P O S IT S ________________ 4,000,000.00 “ AN HONOR ROLL BANK ” L E A V IT T 6? JOH N SON N A T IO N A L B A N K W ATERLO O , IO W A 1856 — Over Two'Thirds of a Century— 1925 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May, 1925 IOWA GROUP MEETING SECTION 29 Fort Dodge— The Gateway to Northwest Iowa HE early history of the settlement of Fort Dodge contains many fea tures of exceeding great interest. Herbert Quick in his two books entitled “ Vandermark’s F olly” and its sequel, “ The Hawkeye,” speaks of this part of the state of Iowa as the Fort Dodge country, which in reality establishes Fort Dodge as the metropolis of northwest Iowa. The city itself was incorporated in 1869. It was first given the name of Fort Clarke by General Winfield Scott, afterwards changed to Fort Dodge in honor of General Augustus C. Dodge, who gained the title of general in the Black Hawk Wars, as did his father, Henry Dodge, before him, and who was also one of the first two United States senators from Iowa, the appointments being made when the state was created by a subdivision of the territory of Wisconsin. From a straggling frontier village at the time of its incorporation, Fort Dodge has become an industrial center of considerable importance, mainly from the fact that here lies natural resources—gypsum and clay. Here lies one of the only two deposits of gypsum rock in the state, from which large quantities of gypsum products are manufactured, such as wall plaster, plaster board, stucco, which is used in pebble-dash for exterior finish, and fireproof parti tion building block. The total . manufactured products from this one natural resource alone required 17,000 cars in shipping the product from Fort Dodge in the year 1923. Of the two places where gypsum rock is found, which, by the way, is supposed to be a deposit from glaciers ages ago, Fort Dodge ranks first because the deposit, while lying in only one particular section of the environments of the city, is reached at a depth of 50 to 75 feet and comprises a vein 20 to 30 feet thick and of inexhaustible quantity. The other locality is Centerville, Iowa, where the vein lies some 1,200 or more feet under the sur face and in comparatively shallow vein, Fort Dodge being the largest single-producing center of gypsum products in the United States. There are six large gypsum mills producing the product here. The other valuable natural re source is the clay deposits, which T https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis By R. O. Green Secretary Chamber of Commerce, Fort Dodge, Iowa are of several kinds and qualities. The industry is developed by five large mills now manufacturing from common drain tile and common brick to glazed sewer pipe, exterior building blocks for farm buildings, silos, fireproof partition blocks, etc. By experiments conducted through the Ceramic Department of Engineering at Ames, it has been discovered that clays in other varieties are suitable for the manufacture of terra cotta, art stone ware, pottery, etc., which industry we hope to have developed here, which offers a fine field, since these clays exist here in inexhaustible quantity. The early history of Fort Dodge is replete with interesting data. First, the soldiers were stationed here and it was contemplated to build a fort, hence the name, but the fort was never built. Bar racks, however, were built and a com pany of soldiers were located here for a year or two, then they were transferred to Fort Snelling in Minnesota. It was at Fort Dodge that a company of citi zens organized a relief expedition in the early days to proceed to relieve the suf ferers from the Indian massacre known in history as the ‘ ‘ Spirit Lake Massa cre.” It was here, also, that the large block of gypsum rock was secured from the outcropping gypsum on the Des Moines river, hauled to Boone by ox team, as there were no railroads into Fort Dodge at that time, taken east, carved into the image of a human being, buried at the little town of Cardiff, New York, south of Syracuse, where it re mained a year, then through the seem ingly incidental digging of a well at a given spot a prehistoric petrified giant was discovered which scientists declared was the petrified body of a human being, and it became known as the “ Cardiff Giant.” Being found at Cardiff, New York, its name was thus established. His Part o f Business D istrict o f Fort Dodge 30 IOWA GROUP MEETING SECTION May, 1925 PROGRAM FOR THE ANNUAL MEETING OF GROUP 2 Fort Dodge, Tuesday, May 19, 1925 Forenoon 10:00— Registration— C h a m b e r of Commerce, 4th Floor, Wahkonsa Annex 11:00— Annual Conference of County Presidents Afternoon 1:15— Annual Meeting Group 2 Session Called to Order Music Invocation Address of Welcome Response Five-Minute Talks on the Out standing Work Accomplished During the Past Year Clay County (a) Institute of Banking Buena Yista (b) Vigilance Or ganization Pocahontas (c) County Credit-1 Cearing Association Humboldt (d) How a Uniform County Rate on Time De posits Was Established Address—Governor John Hammil Committee Reports Majesty lies in state and can be viewed by anyone at this time in the spacious Arcade Lobby of the Warden Apartment Building at Fort Dodge. Fort Dodge is located on the Des Moines river in the heart of the very best land in the state of Iowa. No city in the state has so much contiguous terri tory within which to trade. Its location is slightly west and north of the center of the state— 133 miles to Omaha, 135 miles to Sioux City, 221 miles to Minne apolis and St. Paul, 95 miles to Waterloo, 87 miles to Des Moines. Fort Dodge ranks with all other cities in the state in its number of trunk line railroads. The Chicago-Omaha main line of the Illinois Central, the ChicagoOmaha main line of the Chicago Great Western, the Minneapolis-Des Moines main line of the Minneapolis & St. Louis. The Illinois Central also has a branch line to Sioux City. This road also branches at Cherokee to Sioux Falls, S. Dak., and the northwest. The Chicago Great Western branches to Minneapolis and St. Paul and to Mason City. The Minneapolis & St. Louis line has two branches north out of Fort Dodge, and two branches south out of Fort Dodge. The Fort Dodge, Des Moines & Southern, an electric road, reaches to Des Moines on the south with its main line, and Web ster City and Lehigh with branches. Sixty daily freight trains in and out of Fort Dodge carry the great tonnage of freight, and seventy-eight daily passen ger trains in and out carry 698,208 peo BANKERS* When in Fort Dodge at the Group Meet ing, make our office your headquarters. W e are always glad to see you. Central Io w a M ortgage C o. 512 S N E L L B L D G . FORT DODGE, IO W A Earl D. Phipps, President G, H . Southwick, V ice Pres, and Secy. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ple annually. Fort Dodge is the only jobbing city in the state that has daily local freight service to local points on every line. Fort Dodge’s manufactured products consist of gypsum and clay products, overalls, shirts, wool and fur-lined coats, gloves, job printing, pyrotechnics, tents and awnings, harness, oatmeal and corn products, ice cream and dairy products, confectionery, galvanized culverts and bar iron, biologic products, pork packing, carbonated drinks, steel fence posts, road markers, butter tubs, hog waterers, bread, ditching machines, florists’ prod ucts, hog oilers. Its jobbers deal in plumbers’ supplies, including iron pipe, groceries, agricul tural implements, poultry, butter and eggs, hardware, drugs, fruit and vege tables, furnaces, paper and woodenware. Fort Dodge is also a large hog and grain buying market. Fort Dodge has a -$100,000 Y. M. C. A. building, a $60,000 Y. W. C. A. building, a large public library, a large hospital and another now building; nineteen churches, representing practically every denomination; nine modern ward school buildings; three parochial schools; a modern $950,000 high school building; a fine municipal building. Fort Dodge owns its own waterworks plant and secures water supply from ar tesian wells; has a paid fire department with modern equipment; owns its own hydroelectric plant, 1,000 II.P .; its own incinerating plant for garbage disposal; 48% miles of water mains; 335 fire hy drants; 4,500 service connections; 69% miles of storm and sanitary sewers; 47 miles of asphalt, concrete and bithulitic paving; has a country club; three hotels, the largest having an investment of IOWA May, 1925 $1,500,000; a district fair and exposition, which is a $400,000 corporation, and a modern electric light and power plant, just completed, costing $1,000,000. Port Dodge has 6,785 telephone conections. The beautiful Dolliver Memorial state park is situated on the Des Moines river, ten miles south of Port Dodge, and is reached by highways through Fort Dodge and the southern part of the county. It comprises some 500 acres of land bought by the state and local subscriptions, and GROUP MEETING SECTION named after our illustrious statesman, Senator Dolliver. Port Dodge has six city parks. Beau tiful Oleson Park, of some eighty acres of wooded ground, highly improved, con stitutes one of the beauty spots of the city. It was given to the city by our former state senator, O. M. Oleson. A beautiful tourists’ camp ground is provided by the Hawkeye Fair and Ex position Association, located just seven blocks north of the county court house, 31 comprising seventy-nine acres of beauti ful wooded ground. All of the main highways leading into Port Dodge are marked directing the tourists to this camping ground. All of the modern con veniences are furnished so that it fur nishes One of the best tourists’ camping grounds in the state. Fort Dodge is served by five banks with a total capital stock and surplus of $1,677,500, and total resources of $13,210,766.82. Prairie Life Insurance Co. DR. W . R. McGREW, President H. L. McGREW, Secretary ROY D. HART, Agency Manager Omaha, Nebraska W e want more I O W A B A N K S to act as Local Depositories Let us give you the details A d d ress the com pany “ M A SO N C IT Y ’S FIRST A N D O N L Y SA V IN G S B A N K ” A lert to Your Wants Always In the 35 years of its existence this institution — one o f the oldest savings banks in the west (organized 1890)— has served thousands of Iowa banks and banker patrons well. From a small beginning it has grown to its present strength as the result o f the constructive policy o f its management. This institution, its officers and directors, are prepared to serve you promptly and accurately. J. W . ADAM S, President L. O. STONE, Vice President W A L T E R J. W A L K E R , Vice President IR A W . STINSON, Cashier C. E. BROOKS, Assistant Cashier L. W . SHERMAN, Assistant Cashier R. A. POTTER, Assistant Cashier H . C. W E E K S , Auditor DIRECTORS J. W . Adams L. O. Stone Walter J. Walker C. E. Brooks C a p i t a l ........................................... $400,000.00 S u r p l u s ........................................... 68,669.39 M ason City, Iowa https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis W . E. Gildner Hardy F. Pool M. E. Adams I. R. Kirk 32 IOWA GROUP MEETING SECTION May, 1925 OFFICERS OFFICERS W ILLIS G. C. BAG-LEY Vice President ROBERT P. SMITH Cashier CHARLES H. McNIDER, President CARL A. PARKER Vice President HAROLD V. BULL Assistant Cashier FRED E. KEELER Vice President HARRY C. FISHER Assistant Cashier HANFORD MacNIDER Vice President W ILLIAM W. BOYD Assistant Cashier A Part of Tour Organization Your Mason City correspondent should be in a real sense a part o f your banking organization. You should be able to call on your correspondent bank for usual and unusual services with the same free dom and assurance that you would call for them from your own organization. First National correspondents do so, knowing that we endeavor to perform every possible service for our clients with consistent promptness and thoroughness. » RESOURCES $6,000,000.00 The First 7s M A S O N CITY, IO W A https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [atiBan\ May, 1925 IOWA GROUP MEETING SECTION Hampton— One o f Iowa's Beautiful Cities By T. W . Purcell Publisher “ The Hampton Chronicle” AMPTON will welcome the Iowa Bankers Association from Group Three, on Wednesday, May 20th. Hampton is a splendid town in wThich to hold this meeting, as here you will meet some of the best people on earth, who will appreciate their guests for the day. Here yon will be close to the center of the real garden spot of the world in ag ricultural and live stock pursuits. Here you will come in close contact with the richest soil in the world, the deep black loam kind which grows the tall corn which has already made Iowa famous. In Hampton there is about the finest hotel in Iowa for its size, and probably none that equals it in any town in the state outside of the large cities. The banquet room of the North American Hotel will seat easily 400 people. The building is strictly fireproof, with all mod ern conveniences, and has about seventy rooms, most of them with bath. The Marshall Canning Company has a large corn canning factory here, probably one of the most modernly equipped and one of the largest in the country, and mil lions of cans of sweet corn are put out here every year. Hampton is one of the prettiest and most substantial towns in the state, with modern homes and business houses. It was the first of the “ small towns” in the state to put in paving. It is first in many things of a progressive nature. It is also first in the number of its noted men, con sidering the size of the town. It has a member o f the supreme court of Iowa, a district judge, a congressman, a past com mander of the Iowa G.. A. R., a past state finance officer of the American Legion, a member of the Iowa State Fair Board of Directors, and a couple of years ago one of its citizens, now deceased, served as grand high priest of the Royal Arch Masons of this state. The Lutheran Hospital, located here, is one of the large hospitals of Iowa. It was established a half dozen years ago, and is a large, fireproof structure. It has an eminent staff of surgeons and physi cians, and patients come here from all parts of Iowa and the surrounding states. Hampton is the home of some of the best banks in the state. The Citizens Na tional Bank, with its nearly $2,000,000 of assets, and the Franklin County State Bank a close second. The Hampton Sav ings Bank, one of the newer institutions, is also a strong and growing banking house, and Robinson Brothers Bank, a H https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis private concern, probably does a larger farm loan business than any institution in the state, in a town of this size. All of the leading church denomina tions are represented in Hampton, most of them with extraordinary fine edifices. The Methodist church has a $10,000 pipe orpan. The public school system here is 100 per cent. The Hampton golf links, one of the fastest and “ longest hole” courses in the state, is already opened and will be in excellent condition for the banker golfers PROGRAM FOR GROUP 3 Hampton, May 20, 1925 9:30 Registration at Coonley Hotel 10:30 Meeting of all county officers with the state president and secretary, at Hotel Coonley Ball Room 11:00 Informal reception and smoker in hotel lobby 12:00 Dinner Afternoon Meeting at Windsor Theatre 1:15 Meeting of Group Three called to order by President M. C. Sweeney, of Osage 1:20 Group Singing 1:25 Invocation, Rev. Dr. R. Frank Hurlburt, Pastor of the Meth odist Church Address of Welcome by C. W. Haase, President of Franklin County Bankers Association Response Appointment of Committees Vocal Solo Address, Greetings from Iowa Bankers Association, by C. J. Wohlenberg, State President Address by Frank Warner, Sec retary State Bankers Associa tion Other Talks Reports of Committees Election of Officers 4:00 Track Meet and Relay Races at Athletic Field 6:30 Dinner, Ball Room of Coonely Hotel, followed by special music and talks 9:00 Reception and ball at Coonley Hotel. who arrive early in the morning and want to take some friend on for a round or two. The grounds will be free to Hampton’s guests on May 20th. We want you to come. Hampton is fortunate in its highways, and while much of Iowa is in the mud the territory surrounding Hampton and Franklin county, and in fact most points in northern Iowa, have modern highways, paved and graveled, and no one need have 33 any fear of not being able to make Hamp ton by automobile on May 20th. We have the 365-day road here. See Him at Ottumwa Watson N. Enyart, the distinguishedlooking cashier of the Agency Savings Bank of Agency, Iowa, whom Group 10 bankers will see performing his duties as secretary o f G r o u p 10 o f the Iowa Bank ers Association a t Ottumwa, May 5, is a na tive of Agency, born there in 1879. His early education con sisted o f grade school and high school training in the Agency s c h o o l s . In W . N. E N Y A R T February, 1906, he organized the Agency Savings Bank, became its cashier and is ' still in that position, the bank having capital, sur plus and undivided profits of $35,000. Mr. Enyart is a member of the Wap ello Club of Ottumwa, the Ottumwa Coun try Club, member of the Ottumwa Shriners, and politically he’s a Republican. Paging Mr. Boie The original and most loyal Republican has been discovered at Hancock, Iowa, in the person of Fred J. Boie, the efficient secretary o f G r o u p 5. “ I voted for Mc Kinley the first time I ever voted and have n e v e r voted anything b u t the Republican ticket s i n e e,” he declares. Mr. Boie was born in Pekin, 111., F R E D J. B O IE moving to Dav enport with his parents a year later. He lived on a farm near Pleasant Valley until age 22, and is a graduate of the Davenport Business Col lege. He married Miss Ida Beckman in 1898, went to Hancock a year later, first working on a farm, then purchased a fifth interest in the then Bank of Hancock and became its cashier. In 1907, the bank incorporated for $15,000 and now has $35,000 surplus and is known as the Hancock Savings Bank. Mr. Boie is still cashier, his eldest daugh ter is president, his youngest daughter vice president and all but four shares of the stock is owned in the Boie family. Mr. Boie is a Mason, an Odd Fellow, an Elk and above all, a Good Fellow. 34 IOWA GROUP MEETING SECTION May, 1925 A T Y O U R SERVICE ALW AYS At the Group Meetings we hope to have the pleasure of greeting you again this year. OFFICERS The Cedar Rapids National Bank has been fortunate in being able to serve Iowa banks and bankers for over a period o f 42 years. Each and every officer, together with a com petent list o f directors is anxious to serve its Iowa banker customers and friends dur ing 1925 as they have in the past. The year 1925 offers many wonderful op portunities which every banker can readily foresee and affords every financial institu tion an opportunity to further help progress an industrial expansion. The officers of this bank want to place definitely on record their sincere desire to be o f all possible help to their Iowa banker friends. RALPH V AN VECH TEN Chairman of the Board GLENN M. A V E R IL L President M AR TIN NEW COM ER Vice President GEO. F. M IL LER Vice President CHAS. C. KU N IN G Cashier V AN VECH TEN SCHAEFFER Assistant Cashier PETER B A IL E Y Assistant Cashier M A R V IN B. SELDEN Assistant Cashier C EO. W . SW AB Assistant Cashier BERTHA M . W O LF Assistant Cashier T3he Cedar Rapids National Bank Cedar Rapids, Iowa https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May, 1925 IOWA GROUP MEETING 35 SECTION V inton— The Heart o f Iowa Corn Production OTTING the banks of picturesque Cedar river, midway between Wat erloo and Cedar Rapids on the C. R. I. & P. Railway and three important highways, lies Vinton in the heart of Iowa’s great corn producing region. Populated by approximately 3,500 per sons who have won recognition for their hospitality and promotion of civic im provements, Vinton has already launched extensive plans for entertaining full 300 members of Group Ten of the Iowa Bank ers Association this spring. Capital of Benton county since the early 50’s—shortly after the village was founded by a few sturdy pioneers—Vinton has grown steadily despite the handicap of being located only a comparatively short distance from two of Iowa’s largest cities. Influenced entirely by agricultural as sets, Vinton’s prosperity is traced directly to the richness of soil in the surrounding rural districts, and to the progressive spirit of farmers and city inhabitants. Near here are situated many o f the state’s finest farm establishments. Although cattle raising and dairy farm ing have increased materially during re cent years, corn is still the principal prod uct raised in the nearby rural communities. Based on a per capita scale, Benton coun ty’s corn volume is the largest in Iowa. Naturally, there is located here one of the world’s largest corn packing enter prises. Two factories are operated in the D Has Five Million Deposits Two of Iow a’s sturdiest financial in stitutions are the Commercial National Bank and the Commercial National Com pany of Waterloo. The Commercial National Bank was or ganized in 1883, its first president being J. D. Platt. He was succeeded in 1889 by W. W. Miller, father of E. W. Miller. W. W. Miller resigned as president, ow ing to ill health, and E. W. Miller, pop ular Iowa banker, was elected to take his place. Mr. Wente, the cashier, began his work with the bank in 1902, being employed as collector and bookkeeper. He was later elected assistant cashier and in 1920 was elected to his present position. The building the bank now occupies was planned and started in 1902 and oc cupied early in the spring of 1905. The banking room was completely remodeled in the year of 1913 and plans for addi tional space are being worked out at the present time. The deposits at the pres ent time are nearly five million dollars https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis By E. S. Barnes Vinton, Iowa city by the Iowa Canning Company. Mil lions of cans are packed annually and shipped to many parts of the globe. With the poultry industry making rapid strides forward a large cold storage plant has been erected in Vinton. During most months of the year an average of 12,000 fowls are kept at this institution awaiting shipment to eastern and western markets. Peculiarly enough the city’s largest all year operating industry is a printing and newspaper plant. Here is published the Cedar Valley Daily Times, recognized as one of the largest and best country jour nals in America. Although the city’s population is scantly over the 3,500 mark, The Times’ average daily circulation exceeds 5,000. From the great presses in this institution a vast amount of printing is produced annually for concerns in nearly every civilized country in the world. Located in Vinton also are a number of other industries. A modern sewage system aids in maintaining excellent pub lic health conditions. The city’s water supply and electricity are furnished by a municipally-owned plant that recently was equipped with modern apparatus. Situated along the banks of magical Cedar river, Vinton is one of Iowa’s most beautiful small cities. Built on land that gradually rises from the river channel, the city is assured of freedom from in undation by devastating floods sweeping over the stream’s banks. Practically all of the principal thor oughfares are paved. Modern buildings, some quaint in their architectural designs, predominate in the business district. At night brightly illuminated boulevard lights twinkle in various sections of the city. Near the center of the business district is located Benton county’s court house— a massive stone edifice. Around this graceful structure is an enchanting park. Nearby are a number of prominent bank ing and business buildings. Delightfully modern homes are sprinkled throughout the residential districts. At one edge of the city is scenic Riverside park. Not far distant is the country club’s home, adorning a beautiful ninehole golf course that adds to the fascinat ing splendor of the river scenery. Three commodious schools supply chil dren of the city and surrounding com munities with every modern educational advantage. Two o f the schools are oc cupied by the grades, while the third, a new structure erected at a cost of $175,000, is devoted to high school classes. Approximately $500,000 is invested here in three of Iowa’s most beautiful churches. On the outskirts of the city is situated the Iowa College for the Blind, set amid an enchanting picture of flower gardens and bewitching landscaping. and twenty years ago were slightly less than $800,000. The Commercial National Company was organized in 1921 and opened busi ness office in July, 1922, occupying a prominent business corner of the city on the first floor of the Terminal building. The company has enjoyed a very success ful business and has aided greatly in financing.of various Waterloo building projects. Is A. B. A. Candidate A. M. Henderson, the former genial and efficient president of the Iowa Bank ers Association, is actively in the race as a candidate for the A. B. A. Executive Committee from Iowa. Banker Hender son, who makes his home at Story City, was last year the reserve member of this committee. Hundreds of his good friends are lining up to support him in the com ing election at Dubuque. Suit the action to the word, the word to the action.— Shakespeare. A. M. H EN D ERSO N 36 IOWA GROUP MEETING SECTION W E'LL SEE Y O U THERE ! W e hope we may have the pleasure o f meeting our many friends whom we met last year in Marengo, in Vinton on Thursday, May 21st, at the meeting of Group Seven, Iowa Bankers Associa tion. From reports that have come to us we have reason to believe that the Vinton boys will entertain us in great style and w e’ll renew old friendships under ideal conditions. W e welcome this oppor tunity as wholeheartedly as we welcome the opportunity to serve these same bankers in the ordinary course o f busi ness throughout the year. If you are not already familiar with the service rendered by the First National of Waterloo, let’s meet in Vinton and get acquainted. C H A S . A . M A R S H , P re s. The A . M . P L A C E , V . P. W I L L A . L A N E , C a sh ie r 'l l g i l First N ational Bank Waterloo, Iowa dJb https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May, 1925 Yes, This Is Mr. Becker J. F. Becker, Elkader, secretary of Group 4, is very much a native of El kader. Born there in 1869, he’s seen fit to make that beautiful little city his perma nent home. M r. Becker attended t h e Elkader grade s c h o o l s , and had a year of h i g h school work. He then e n te r e d the lumber b u s i ness and was j . F. b b c k e r manager of the Elkader L u m ber Yard from 1890 to 1892. From the latter date to 1907, he was associated with his brother in the drug business in the same city. On March 1, 1907, he was elected cashier of the Elkader State Bank, still holds that position and is mighty proud of his institution which has a $75,000 capital and surplus. He is a Mason, a member of the Clin ton Consistory, Shriner at Cedar Rapids, and a member of the Elkader Kiwanis Club. Politically he’s very much Repub lican and has been chairman of the Clay ton County Republican committee for twelve years. Instroducing Raymond B. Reis Raymond B. Reis, secretary of Group 3, and cashier of the Marble Rock Bank, while a student at Ames, acquired almost as many hon orary titles as has the Prince of W a 1 e s. A member of the debating team from that great institution, h e a l s o belonged to the honorary fraternities of Tau Beta Pi, D e l t a Sigma Rho and Phi R . B . R E IS K a p p i Ph i . With such an aggregation of handicaps, he should feel at home in any meeting in the world. Mr. Reis was born at Little Rock, Iowa, 1890, and graduated from the high school in that city sixteen years later. He graduated from Ames in 1913, as a me chanical engineer and was for two years with the Westinghouse Electric at East Pittsburgh. In 1915 he taught mechan ical engineering in the Case School of A p plied Science, Cleveland, but left that work to become cashier of the Marble Rock Bank in 1917. May, 1925 IOWA Boost Webbies for President Friends of Emil Webbies, the agreeable president of the First Iowa State Trust and Savings Bank of Burlington, whose candidacy for the presidency of the Iowa State Bankers Association, subject to elec tion at the coming convention in Dubuque, was announced last year, are active in be half of their candidate. GROUP MEETING SECTION “ Iowa bankers who like to play golf, attention: We will have a 36-hole match tournament starting Monday, June 15th, and finals to be held Wednesday, June 17th. We must have your handicap and entry before June 10—also, there must be 30 entries in order to carry out the tourna ment. There will be cups and medals awarded the winners and runners up. All entries to the golf tournament should be sent in to Jos. W. Meyer, cashier of the Consolidated National Bank, Dubuque, Iowa, before June 10.” Buys Waterloo Agency Lamar Duke, Waterloo, Iowa, insur ance man, has purchased the Waterloo 37 Insurance agency and will continue to operate in the same location in the Laf ayette building. Mr. Duke was manager of the agency from 1913 until January 1, 1925, when he formed an individual agency. All lines of insurance are carried by the concern, which was formerly oper ated in connection with the Waterloo Bank and Trust Company. A people that studies its own past, and rejoices in the nation's proud memories, is likely to be a patriotic people, and bul wark of law, and the courageous champion of right in the hour of need.—Anderson. B O N DS FOR B A N K S E M IL W E B B LE S They point to his record as one of the deserving workers in association affairs. He was both chairman and secretary of Group Eight while cashier of the Musca tine State Bank at Muscatine and has also been chairman of Group Eleven since mov ing to Burlington a few years ago. In addition, he has been a member of vari ous state association committees, includ ing the Educational Committee, and has been a prominent figure in work of the American Bankers Association. Specializing in B onds for Bank Investment On Bridge Commission Julian Boeckh, of the State Bank of Lansing, Iowa; F. G. Bell, of Gilchrist and Company, McGregor; and Fred White, state engineer, have been appointed members of a commission to investigate the possibility of erecting a bridge some where between La Crosse and Dubuque. They are working in conjunction with a similar commission in the state of Wis consin. W ill Hold Golf Tournament Joe Meyer, well known Dubuque banker and chairman of the entertain ment committee for the Iowa Bankers Association Convention that will be held in Dubuque, has the following word of warn ing to issue to bankers who are devotees of the green and fairway: https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis H a n n a -S h r e v e s B u r l i n g t o n , Io w a C o . 38 IOWA GROUP MEETING SECTION May, 1925 ALL ROADS l5iDLANSING The latchstring is out at Lansing, M a y 2 2 n d , for t he b a n k e r s of Group 4. Come to Lansing and enjoy a view of “God’s Own Beautiful Country” Kerndt Bros. Savings Bank Peoples State Bank https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis State Bank of Lansing May, 1925 IOWA GROUP MEETING SECTION 39 Lansing Endowed by Nature with Great Scenic Beauty By R. G. Miller S ec’ y Lansing Commercial Club and Cashier Peoples State Bank, Lansing, Iowa ANSING, where Group Four bank ers will meet May 22, is not a large town nor a new town. Her popution does not exceed 1,700 souls and she is one of the old “ River Towns” of the state. Like others of these towns, her setting, her history and her claim to distinction are unique. It is generally conceded that for L rugged beauty and scenic wonders, the sec tion of the Mississippi river from Dubuque to La Crosse, Wisconsin, is the most noted of any in the middle west. Lansing is in the heart of this section, is on the main chan nel of the “ Father of Waters” and at the threshold of the great “ Winneshiek Bot toms” of which so much has been said and written in recent months. Visitors to the city are unanimous in their agreement that the natural scenic beauty of Lansing and surrounding coun try is worth coming a long way to see and that thousands of tourists who jour ney to far away places would surely “ See Iowa First” if they but knew what she has to offer in her “ Little Switzer land.” While Lansing is wholesomely old-fash ioned in some desirable ways, she is yet abreast of the times in those things that make for the nobler life and the loftier planes of living. She has good civic im provements, good schools, and homes and churches, a progressive set of business men and a friendly, hospitable people. Nestled at the foot of the noble bluffs, and where a beautiful valley meets the river, one might wonder whence she drew her trade and commerce. Climbing to the sum m it of her historic Mt. Hosmer, this wonder is quickly dispelled for, looking out from that elevation, one beholds a beautiful farming country with improvements that will compare with those of any section of the great state of Iowa. These farms are almost entirely in the hands of own ers, which accounts for their splendid up keep. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Primary Highway No. 9, crossing Iowa through the north tier of counties, was completed into Lansing last fall and this trail, from Waukon, the county seat, to Lansing, and especially that portion mak ing the descent from the highland to the river, has been well named “ The Road of a Thousand Curves” and designated as the most scenic piece of highway in north east Iowa. This primary road connects with No. 82, in Wisconsin, by ferry to DeSoto, and thereby completes the short est route from north Iowa and states to the west to “ The Dells of the Wisconsin” and Devils Lake, in Wisconsin, and to Milwaukee and Chicago. Lansing will welcome the bankers of Group Four and any others who may at tend the meeting. They will be afforded an opportunity to see and place an esti mate upon the scenic beauties and won ders of the most rugged section of the prairie state of Iowa, to view the Win neshiek Bottom from the bluff tops or to see it from a boat. They can see a fish farm, where carloads of commercial fish are fed and fattened for the eastern mar kets; can look over the state’s fish hatch ery or see how pearl buttons are made. They will see a city of comfortable homes and clean, high-minded people, a place to which they will want to return with their families to spend a week, to rest and enjoy the outdoors among the won derful wooded hills and the beautiful sheltered valleys, to drink of the springs that years ago quenched the thirst of the Red man and furnished him his supply of pure, health-giving water, to visit the In dian mounds that abound in the region, to bask in the haze of romance and tra dition that seems to pervade the very at mosphere, to one whose nature reacts to the suggestion of the sleepy river, so un mindful of the change that time has wrought. No attempts will be made to rival the cities in the manner of entertaining, no hope will be entertained that visitors will go away impressed by splendor that men have created; they may be assured of a warm and cordial welcome. Lansing’s hotels and her homes will be open and guests will be assured of every courtesy within Lansing people’s power to grant— Lansing has individuality. She may not be better but she is refreshingly different. You are sure to like her and to want to return, when you can stay longer. Giving Lobby Space to Customers’ Products A type of bank publicity that is new to most cities is being beneficially worked out by the Cedar Rapids Savings Bank and Trust Company of Cedar Rapids, Iowa. C. E. Auracher, advertising man ager of the institution describes the plan as follows: “ We have set aside an appropriate space in our lobby for the products made and sold by our customers. The first display was that of A. J. Harris & Sons, Cutlery Mfgrs., who have been in Cedar Rapids for fourteen years. The large lobby card just above the display gave the name of the firm, address, and read: 14 years in Cedar Rapids. 14 years a customer of this bank. “ For each display we will show an appropriate advertising message, tieing up the bank and the customer. “ At the present time wTe have on dis play the products of the Holland Fur nace Company, accompanied with a full page advertisement from the colored sec tion of a recent Chicago Tribune. “ Each display will appear in our lobby for about ten days. Already con siderable interest has been shown by peo ple who come into the bank. Both local daily newspapers are giving us mention of the displays as they are put on. We feel confident that much good will re sult from these displays, and the public will come to know that we are doing things. These displays are given men tion also in our monthly house organ, the Cedar Rapids Savings Letter, which covers Cedar Rapids and vicinity.” Nature is a ruthless aristocrat— care less of the masses, careful to pamper the few on the destruction of the many.— Harvey. I O AV A 40 The Truth About Mr. Black “ My life has been an uneventful one and nothing to boast about,” says Secre tary N. P. Black of Group 6. But what banker would not be just a little bit proud of having ten years ago or ganized a bank w i t h $15,000 capital s t o c k , and now to be cashier of that s a m e institu tion with dep o s i t s of around $400,N. P. BLACK 000 and $37,000 surplus and undivided profits. For that is a part of Secretary Black’s history. He was born in 1884, in Polk GROUP MEETING SECTION county, his early education was limited, leaving school at age 13. He worked as a telegraph operator with the Rock Island, M. & St. L., the C., M. & St. P., Postal Telegraph, Chicago Board of Trade, and finally with the American Telegraph and Telephone Company of Des Moines. Mr. Black went to Minburn in 1914, organized the Dallas County Savings Bank that year, selling the stock at $100 par. Today that institution, of which he’s cashier, has nearly $400,000 deposits. Mr. Black is a pastmaster of the Alasonic Lodge. Politically he’s a Repub lican, although he says, “ I vote for their candidates if they suit me.” CHARITON MEETING (Continued from page 17) an electric power plant serving many towns in several counties, a water sys tem unexcelled by any, a complete sani C onsolidated N ation al Bank Dubuque J. K . DEM ING, President GEO. W . M YER S, Vice President JAS. M . BURCH, Vice President HERM AN ESCHEN, Secretary JOS. W . M EYER, Cashier Assistant Cashiers JOHN E. W AGNER ARTHUR P. MELCHIOR J. J. SU LLIVAN ALBERT W HARTON J. A. BEHNKE Serving Since 1876 U n ion T ru st and Savings Bank Central Avenue at 14th Street DUBUQUE . . IOWA t CAPITAL, $150,000.00 SURPLUS PROFITS AND RESERVES, $350,000.00 TOTAL RESOURCES, $3,950,000.00 t “ The Bank that B o o sts D ubuque” https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis May, 1925 tary sewer system with septic tank dis posal, a very efficient fire department, an excellent band giving weekly free con certs and which is supported by the busi ness firms, a hospital with one of the largest X-ray equipments in the United States, a tourists’ park, a fine municipal park under construction, an ice plant, ice cream factory, two large produce houses, a broom factory, wholesale gro cery, greenhouse, two grain elevators, feed mills, two theaters, and three hotels, one of them a new four-story building. Chariton has three banks with deposits of $2,500,000. It has a country club with a sporty nine-hole golf course. The Char MEETING OF GROUP 9 Chariton, May 7 9 A. M.-—Registration, American Legion Hall 10 A. M.— Business Meeting Reports of County Presi dents Group Chairman Group Secretary Address— C. J. Wohelnberg Address— C. E. Beeman Address— Frank Warner 12 P. M.— Banquet— American Legion Hall C. J. H. Sharp, Manager Des M o i n e s Clearing House, “ Purposes and In tent of a Clearing House.” Adjourn to Country Club for Entertainment iton Gun club, with its thousand mem bers, operates a large dancing pavilion, boat house and bathing beach on Crystal Lake adjoining the city. There are three large artificial lakes near town, affording good fishing, duck hunting, and water sports. Chariton has a Farm Bureau, Farmers’ Union, Women’s Club, Rotary Club, many lodges and other organiza tions. It has a Commercial Club that is always boosting for the town, and fac tional strife is conspicuous only by its absence. Cashier at Kalona V. E. Davis, cashier of the Farmers & Merchants Savings Bank at Haskins, Iowa, has been elected cashier of the Farmers Savings Bank of Kalona, Iowa. He is a banker of several years’ experi ence, having also been connected with banks at Westchester and AVellston, Iowa. Mr. Davis will be assisted in the management of the bank by Vice Presi dent Fred Skola, who has been acting cashier as well as vice president. One of the best-known banking figures in the United States rightfully boasts of the time away back when he was a rail road brakeman. But he was a “ darned” good brakeman. IOWA May, 1925 GROUP MEETING SECTION A Satisfactory Life Insurance A g e n c y TH E Western Life Bank Agencies who pro- ----------------duced business in 1915 and 1916 were familiar names on the Western Life books for 1924. In fact, Bank Agencies who have learned the benefits of Western Life service remain Western Life agencies. Unusual care in choosing district managers, --------------- supervisors and special agents is re flected in the field by the favorable reputation o f Western Life and its repre sentatives. A company of the West, for the West and helping to build the West. Local Agency Openings in Iowa, South Dakota, Minnesota, Nebraska, Kansas, Texas Life and Endowment policies for men, women, children TH E SUCCESSFUL W E STE R N C O M P A N Y https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 41 42 IOWA Presenting Mr. Vanhorn Like many of the prominent bankers of the country, J. B. Vanhorn, cashier of the Citizens Savings and Trust Company of Iowa City, a n d secretary of Group 7, be gan his bank ing career as c o m b i nation janitor, teller, b o o k k e eper a n d assistant cashier. Possi bly, too, the fact that his superior officer Avas the now J. B. V AN HORN well - k n o w n D avenport financier, Ray Nyemaster, then cashier of the Atalissa Savings Bank, had something to do with guiding his footsteps in the paths of successful banking. In any event, Banker Vanhorn claims to be a native Iowan, born in 1886 on a farm near Wapello. He attended country school until he moved to Atalissa in 1899, grad uating from the high school in that city, after which he taught school for six months before taking up the banking pro fession. After six years as assistant cashier of the Atalissa Savings, he was made cashier in 1910, but resigned in 1918 to become cashier of the bank where he is now employed. Mr. Vanhorn is a Mason. “ I never take part in partisan politics and could prob ably be classed as an Independent voter,” he says. GROUP MEETING A Moment with Mr. Watts Charles E. Watts, Group Two Secre tary, who will handle things clerical at the Fort Dodge meeting, May 19, was born at A u du b o n, Iowa, in De cember, 18 8 9. He received his early education and high school training in Au dubon, gradu ating from the University o f Chicago with a Ph.B. degree in 1910. Mr. Watts in CHARLES E. w a t t s 1911 began his banking career in the First National Bank of Audubon, as assistant cashier, becoming cashier in 1914. In 1922, he became vice president of the Peoples Savings Bank of Plover, in which position he is now serving. He was Group Two Secretary in 1924, secretary of the Pocahontas County Bankers Asso ciation, 1923-25, and is this year serving as president of that organization. He is likewise treasurer of his county farm bureau. Mr. Watts is a member of Delta Upsilon fraternity, Za Ga Zig Temple, Des Moines Consistory, and is a Republican. There is in every human countenance either a history or a prophecy, which must sadden, or at least soften, every reflecting observer.— Coleridge. Your problem of idle funds is the same as that of most other banks. Hence the shortage of sound, short-time paper. Because of our widely diversified list, we are usually able to supply notes or bonds maturing in less than six months that will meet your requirements. Offerings on request. L SECTION May, 1925 Friends Boosting W. G. C. Bagley Friends of W. G. C. Bagley, the wellknown and energetic vice president of the First National Bank of Mason City, Iowa, are actively promoting his can didacy for membership on the A. B. A. Executive Committee from Iowa. Mr. W . G. C. B A G L E Y Bagley is known to all Iowa bankers from his consistent work in behalf of the state association. In 1911 he was treas urer of the state association, and last year was general chairman of the con vention committee that so well took care of the annual convention at Mason City. FORT DODGE MEETING (Continued from page 31) Fort Dodge has a population, accord ing to a survey made January 1, 1925, of 26,118 progressive people. There is some discrepancy between the different censuses that have been taken and the actual population of the city, for the reason that our independent school dis trict truly represents the size of the city and contains more territory than our corporate limits. The Chamber of Commerce occupies the fourth floor of the Wahkonsa Hotel Annex. Its quarters are commodious, with committee rooms, lounging room and large dining room for noonday luncheons. No better facilities are en joyed by any locality. The chamber is maintained by the business men of Fort Dodge for the purpose of promoting the commercial, industrial and civic pros perity of the city. A work of real merit finds favor at last.— Alcott. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis W e have enjoyed the privilege of helping many bankers with their insurance problems. W e would be very glad to extend to you our heartiest cooperation. North American National Life Insurance Company O M A H A , NEB. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ¡ß m m Ä # ' m '’M m ' •& ? # * ** yjte »>>*> ;K ri - v I a n d rn a n a ^ p d b y Reliable, JuccesHul Iowa businew’ m en. ^ Iowa Bankers k n ow iholowa National Fire. V* t-v v*V. #<fVV*! $ i? O F FIC E R S F. L. MINER, President PARLEY SHELDON. Honorary Vice President C. M. SPENCER Vice President and Secretary C. S. VANCE Vice President and Underwriting Mgr. FRANK P. FLYNN, Treasurer D IR E C T O R S N. AV. Beebe............ . . . Hampton, C. Ed. Beman. . . . . . . Oskaloosa, Robert Bleakly. . . . . Des Moines, B. B. Clark............ . . . Red Oak, Frank P. Flynn. . . . Des Moines, A. I>. Fransham. . ............. Perry, G. A. Grossman . . . . . . .AVaverly, Mack J. Groves. . . . . Esthervile, E. H. H oyt............ . Des Moines, Frank L. Miner. . . . Des Moines, Samuel McKlveen. . . . . Chariton, C. A. Manahan. . . ..........Vinton, O. M. Olson............ . Fort Dodge, Adam Pickett.......... . . . . Creston, AV. G. Raymond. . . . . Iowa City, S. H. Rudolph. . . . . . . Atlantic, John E. Schwaner . . . . Winterset, Parley Sheldon. . . . ............. Ames, C. M. Spencer. . . Des Moines, C. S. Arance......... . Des Moines, C. J. AArohlenberg . . . Holstein, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Iowa Whrf isbdkr than Iow a in s u r a n c e t o Protect /o w a C redit? Io w a National Fire I n s u r a n c e Company DES M O U S E S . I O W A : •vt-VAe. v :i-Y .'V t '5 J H i •
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