120 S. King St.

E. D. Hulbert Elected President Corn Exchange National Bank

Arrangements for uniting the executive as well as business interests of the Corn Exchange National Bank of Chicago with the newly incorporated North American Trust Company, which will represent a combination of the Illinois Trust and Savings Bank and the Merchants Loan & Trust Company, are nearing the point of completion. At the recent annual meeting of the Corn Exchange National Bank, the president, E. A. Hamill, was elected chairman of the board and E. D. Hulbert, president of the Merchants Loan and Trust Company and also recently elected president of the Illinois Trust and Savings Bank, was elected president of the bank. John J. Mitchell, chairman of the Illinois Trust and Savings Bank, was elected an additional director of the Corn Exchange National.

While executive management has been centered and earnings have been pooled the three institutions will be conducted at their present locations until the new building for the joint tenancy of the North American Trust Company and the Corn Exchange National Bank, is completed.

Earnings of the Corn Exchange National for 1919 amounted to $1,913,439 as compared with $1,500,738 for 1918. James G. Wakefield, former cashier, has been elected vicepresident of the Corn Exchange National in place of D. A. Moulton, resigned. Edward F. Schoeneck, formerly assistant cashier, was elected cashier and James S. Cook, was appointed assistant cashier.

The First Trust and Deposit Company of Syracuse, N. Y., ranks as one of the strongest and largest trust companies in New York State with aggregate resources of $42,701,000, deposits of $32,435,000, capital of $2,500,000, surplus and undivided profits of $1,662,000.

Scope and Organization of Continental and Commercial Banks

Services as varied as the requirements of modern business are described in the latest of the series of handsomely printed booklets issued by the new business and service department of the Continental and Commercial Banks of Chicago. This organization embraces as its component parts a National bank, a trust and savings bank, a securities company and a safe deposit company having combined resources of $505,000,000. The facilities of these various institutions are fully set forth in this booklet which bears the impress of the good taste and effectiveness which characterizes all the productions of Mr. A. D. Welton, who is head of the new business and service department. In addition to the various departments of the Continental and Commercial National Bank its foreign service has world-wide connections and also maintains stock ownership relations with the Mercantile Bank of America, Inc.; Asia Banking Corporation; Mercantile Overseas Trading Company; the Finance Trading Company and the China and Japan Trading Company. The Continental and Commercial Trust and Savings Bank has upwards of 90,000 accounts in its savings department and covers every phase of fiduciary usefulness. In addition to its bond department there is also the Continental and Commercial Securities Company which was organized last October to provide special investment banking facilities. The Continental and Commercial Safe Deposit Company includes an equipment of 20,000 safe deposit boxes.

The Continental and Commercial National Bank has lost one of the most highly valued members of its staff in the recent death of Mr. George B. Smith, one of its vice-presidents who had been associated with the bank for 32 years.

St. Louis

Special Correspondence

Campaign to Advertise St. Louis Industries

Undaunted by the clouds, which obscure the nation's economic and political horizon the progressive business men and bankers of St. Louis propose to make 1920 a red letter year of achievement and constructive activity. It is impossible to escape the contagion of enthusiasm and the spirit of zeal which characterizes numerous gatherings of business men, manufacturers, bankers and others. The prevailing attitude is not one of selfishness or immediate gain, but a common impulse to advance the industrial, commercial and financial interests of the city in general.

This new spirit is expressing itself in various concrete ways. One of the most significant co-operative measures is the nation-wide advertising campaign which is to be launched in March, to continue through to June and again to be conducted during October to the end of the year. Over $50,000 has been subscribed to an advertising fund of which half has been appropriated by the city and the other half by business and financial interests associated with the St. Louis Chamber of Commerce. The quota was oversubscribed at a recent meeting held under the auspices of the Chamber of Commerce at the St. Louis Club. Mayor Henry W. Kiel was the first to subscribe with $1,000. Festus J. Wade, president of the Mercantile Trust Company, M. L. Wilkinson and Joseph O'Neill followed, each with $2,000 subscriptions. Other subscribers were: John Scullin, Frank Rand, John C. Roberts, W. Frank Carter, George D. Markham, E. A. Faust, F. W. A. Vesper, J. Lionberger Davis, Palmer Clarkson, Carl Meyer, G. D. Merner, etc.

The whole thought and purpose of the St. Louis Municipal Advertising Campaign, is to bring to St. Louis certain industries whose products are purchased largely by manufacturers of this city but are made elsewhere. In other words, St. Louis being the market for these products, the advertising campaign is aimed to bring the manufacturers to this city. The foreign advertising is intended to create inquiries for products in which St. Louis dominates, such as chemicals, hardware, woodenware, millinery, trunks, bags, screws, wire, rope, beds and electrical goods. Inquiries will be turned over to the Director of New Industries' Bureau. The actual carrying out of the advertising campaign will be largely in the hands of the John Ring, Jr., Advertising Company, which will place copy

Members of the executive committee of the Mississippi Valley Association, at a conference with St. Louis bankers recently held at the offices of the Mississippi Valley Trust Company, decided to submit their ideas for a $5,000,000 discount bank to the Federal Reserve Board at Washington, which under the Edge Law is given control of such banks.

At the annual meeting of stockholders of the Mortgage Trust Company, Dwight F. Davis, Henry T. Ferriss, J. D. P. Francis, Aaron Fuller, Lawrence Kinnaird, Clifton R. Scudder and Fred G. Zeibig were elected members of the board of directors to serve three years.

Mercantile Trust Company's New Publicity Manager

Mr. Festus J. Wade, president of the Mercantile Trust Company of St. Louis, owes much of his success to his ability for selecting "live wire" men as his associates in the management of his company. He made no error in judgment when he recently selected Mr. Gaty Pallen to take charge of the publicity department of the Mercantile Trust Company. Mr. Pallen is known to the newspaper profession of the country as one of its most talented members. He comes to the Mercantile with an exceptional acquaintance with men of prominence in public affairs and an experience in newspaper work which will be most serviceable in developing the progressive publicity plans of the Mercantile.

Mr. Pallen has occupied a prominent place in the newspaper world for the last 20 years. His political forecasts have commanded national attention. He has "covered" legislatures, national political conventions since the famous "Cross of Gold" convention in Chicago at which Bryan was first entered into Presidential races. As a native St. Louisan Mr. Pallen has the genuine "St. Louis spirit." One of his best "assignments" was as director of publicity for the War Savings campaign in St. Louis, of which Mr. Wade was director. He will have plenty of opportunity for initiative under Mr. Wade and bank publicity men may look forward to seeing some new features emanating from the publicity department of the Mercantile Trust Company.

200,000.00

100,000.00

1,922,541.86

2,936,431.59

1,519,701.55

52,815,589.64

29,156,043.06

1,246,566.53