The Collins Service for Banks and Trust Companies The Collins Publicity Service, the well known firm of Philadelphia, has become The Collins Service, a title which indicates a more extensive field than heretofore for the application of activities and usefulness. The Collins Publicity Service, for the past nine years, has identified itself with the problems of banks in relation to educational work for employees and depositors. The value of the service has been demonstrated in an increase of deposits and an improvement of banking methods among its clientele. Through an intimate contact with banking affairs, the Collins Publicity Service has been privileged to observe at close range the industrial difficulties arising out of mutual misunderstandings between employer and employee as expressed in present-day unrest. As a result, The Service became impressed with the great help it could render in stabilizing industrial conditions, and extended its services to include industrial as well as financial information, research as well as publicity. Believing that the problem must be undertaken in a spirit of reason and justice based upon genuine scientific principles, The Collins Service is convinced that information to industrial workers regarding the fundamentals of economics and the place in industry for those sterling American qualities of loyalty, thrift, perseverance, faith and so forth, will discredit much of the radical and unsettling misinformation now abroad. The Collins Service is also prepared to furnish employers with suggestions and studies pointing out the latest developments in the field of industrial relations. The connection of the Service with the A. M. Collins Manufacturing Company enables it to suggest practical methods that have proven their value to an enlightened management and divorces it from any taint of impractical theorizing. Commensurate with its distinguished achievements for banks in developing service possibilities in human contacts, we wish for The Collins Service a similar success in the field of humanizing industry. Appealing to Every Class of Investor The list of current investment offerings presented by the National City Company provides a variety of fare to suit every taste, except that which hankers for excessive dividends at the expense of safety and conservatism. Every outstanding type of U. S. Government bond is quoted as well as a big list of State and Municipal bonds yielding at market from 4.30 up to 5.25 per cent. From the standpoint of yield the foreign Government and Municipal bonds appear most attractive ranging from 6.20 for t : British 10-year convertible bonds to 10.65 per cent. for the Anglo-French external loan bonds. The January list likewise includes a selected list of short term railroad, industrial and utility bonds. THE FIFTH-THIRD NATIONAL BANK CINOINNATI, OHIO 1863-Charter No. 20-1919. Fifty-Sixth Year. OUR SERVICE to Banks and Trust Companies has been developed and perfected through more than half a century of banking. An intimate knowledge of the requirements of Banks and the personal attention from officers specially qualified eribus to accommodate correspondents at all times in every reasonable way. WE INVITE Correspondence, or calls, from Banks and Trust Companies seeking additional facilities or contemplating a change in banking arrangements. Officers of Hibernia Securities Company Following the announcement by the Hibernia Bank and Trust Company of New Orleans of the actual organization of Hibernia Securities Company, Inc., an independent million dollar investment corporation, comes the announcement of the election of the active officials of the company. Rudolf S. Hecht, president of the Hibernia Bank, will occupy the same official position with the Securities Company; Charles F. Herb will be vice-president and general manager; F. W. Ellsworth and Adolph Katz, vice-presidents; Alvin P. Howard, treasurer; and P. H. Wilkinson, secretary. J. K. McIntosh, for three years connected with E. Naumburg and Company, will have charge of the commercial paper handlings of the company. Mr. McIntosh has done much toward the development of the sales business of that company in the South, and less than a year ago he opened a branch office in Atlanta to cover Southern territory for the Naumburg firm. He goes to Hibernia Securities Company with an extensive experience in finance. Hibernia Securities Company, Inc., was organized by the Hibernia Bank and Trust FOUNDED THE MERCHANTS NATIONAL BANK OF THE CITY OF NEW YORK Capital, Surplus and Undivided Profits, over $6,000,000.00 The highly developed facilities of this bank, resulting from 116 years of careful and conservative management, together with prompt, efficient and courteous service, are offered as the basis for a satisfactory business connectio.. Inquiries from Trust Companies, Banks, Bankers and Savings Banks are cordially invited. James S. Alexander's Long Record of Service Mr. James S. Alexander is not only president of the National Bank of Commerce in New York, but also holds the longest record of service with that bank of any of its personnel. On January 2d, Mr. Alexander completed the thirty-fifth year since he joined the bank's staff as a junior clerk, the only break in the continuous association being a few months in 1907-1908 when he served as treasurer of the American Express Company. Mr. Alexander has been president of the bank since 1911. When Mr. Alexander came to the bank, January 2, 1885, there were only three active officers: Richard King, president; William W. Sherman, cashier; and William C. Duvall, assistant cashier. The bank employed 45 clerks. The capital and surplus at that time were $7,000,000, the deposits were $30,137,965, and resources $39,317,173. Today the bank has ten vice-presidents, eighteen assistant cashiers and nearly 900 employees. The capital and surplus are $50,000,000, and in the statement of condition at the last Comptroller's call deposits were more than $410,550,000, and resources more than $567,837,000. Union Capital... JAMES S. ALEXANDER President National Bank of Commerce in New York who has completed 35 years with that bank Trust Company of Springfield, Massachusetts Surplus and Profits.. Deposits, March 4, 1919. Trust Resources, December 31, 1919. WILLIAM E. GILBERT, President $500,000.00 1,245,929.62 11,982,734.90 4,139,375.49 1,719,158.80 WILLIAM H. HASKINS, Treasurer AMERICAN TRUST COMPANY Broadway at Cedar Street, New York Resources over $12,000,000 Capital and Surplus, $1,200,000 Transacts a General Trust and Banking Business Interest Allowed on Daily Balances Statement of Condition at Close of Business December 31, 1919 (Opened for business January 27th, 1919) N. Y. Agent Canadian Bank U. S. Government Bonds and Certificates Vice-President E. W Co. of Commerce STANLEY P. JADWIN. 0. H. Jadwin & Sons HARRY A. KAHLER, FREDERICK D. MACKAY, GEORGE T. MORTIMER, President Equitable Offic Building Corporation CHARLES J. OBERMAYER, President Greater New York MORGAN J. O'BRIEN, O'Brien, Boardman. Parker JAMES A. O'GORMAN. O Gorman, Battle & Vandives WILLIAM R. ROSE. Rose & Packus LOUIS F. ROTHSCHILD, ELBRIDGE GERRY SNOW. President, The Home Insur ance Co. DANIEL G. TENNEY. C. H. Tenney & Co. GEORGE ZABRISKIE. Zabriskie. Sage. Кегт Gray Other Stocks and Bonds Time Loans (Secured by Collateral) 873.853.48 Bonds and Mortgages 1,642.741.00 Bills Purchased Bliss Vaults, Furniture and Fixtures 1,230,093.52 39,682.37 Accrued Interest Receivable 109,548.93 $12,284.939.84 HEAD OFFICE 135 Broadway, OTHER OFFICES 203 Montague St., Brooklyn 375 Fulton St., Jamaica Bridge Plaza North, Long Island City September 30, 1919 December 31, 1919 OFFICERS 8,514,035.29 10,816,117.34 HARRY A. KAHLER, President CYRIL H. BURDETT, Vice-Pres. HENRY S. ACKEN, Vice-President HARRY H. FIEDLER, Vice-Pres. DANIEL W. QUINN, Jr., Vice-Pres. U. CONDIT VARICK, Vice-Pres. GERHARD KUEHNE, Secretary JOSEPH L. OBERMAYER, Treasurer HARRY V. HOYT, Assistant Treasurer ORIE R. KELLY Assistant Secretary HUBERT F. BREITWIESER, Asst. Sec. ERNEST J. HABIGHORST, Asst. Sec. FRANK L. STILES, Assistant Secretary W. E. STECHER, Assistant Secretary MORGAN J. O'BRIEN, General Counsel ESTABLISHED 1888 MINNEAPOLIS TRUST COMPANY Our real estate department manages, 115 South Fifth Street Minneapolis The Stockholders of The First and Security National FINANCIAL AND DEBT STATUS OF BELLIGERENT NATIONS Designated by leading authorities as "the most valuable study that has thus far appeared on the public finances of the war" is the brochure prepared by Louis Ross Gottlieb and recently published and circulated by the Bankers Trust Company of New York, which sets forth in the most reliable and interesting way the debt, revenue, expenditure and note circulation of the principal belligerent nations in the world war. The work is highly commended by Prof. Edwin R. A. Seligman of Columbia University in an introductory note. Mr. Gottlieb's treatise shows that since the beginning of the war sixteen of the belligerent countries have contracted new obligations to the extent of $212,268 millions or $329.91 per capita. The contribution of Allied countries. to this total is $149.357 millions or $300.85 per capita, and that of the Central Powers, $62,911 millions or $428.05 per capita. The distinction of having the lowest per capita debt of all the belligerents during the pre-war period falls to the United States. At the most recent date, Great Britain leads all its allies and associates as well as its former opponents in per capita indebtedness; France comes next, with New Zealand and Italy closely following. In the group of Central Powers, Germany occupies the unique position of having both the lowest per capita debt at the outbreak of the war and the highest per capita debt among its allies at present.. A rough comparison of the per capita debt of the principal belligerents at the outbreak of the war and at the most recent date indicates the following approximate increases; Germany, thirty-three fold; United States, twenty-one fold: Great Britain and Russia, ten fold; Austria and Hungary, five fold, and France and Italy, four fold. Only one nation has emerged from the great conflict unscathed financially, namely Japan. The increase in tax receipts during the latest full fiscal year for which data are available as compared with the fiscal year immediately preceding the war Mr. Gottlieb presents figures to show as follows: United States, 569.6 Great Britain, 380.2; Germany, 283.7; Italy, 264.9; Canada, 85.7; Japan 30.8: France 26.5. The booklet shows the note circulation of thirteen belligerent powers at the most recent date to total $77.954 millions as compared with $4.998 millions before the outbreak of the war. In the same interval the amount of note circulation per head of population rose from $7.95 to $121.16. The highest figures per capita in the pre-war period is shown by the Allied group, while at the most recent date the tables are reversed, the Central Powers having a circulation larger by 20.8 per cent. Of all the nations, Russia leads in its note circulation per capita at the most recent data, although its order was third last before the war. France follows, with Austria-Hungary (combined) closely behind. The increase in the note circulation of the larger countries may roughly be put as follows: Russia, forty-six fold; AustriaHungary, twenty-one fold; Germany, eighteen fold; Great Britain, nine fold; France and Italy, each five fold; United States, four fold and Japan three fold. Speaking of the United States, Mr. Gottlieb shows that the total stock of money in the United States exclusive of that held by the United States Treasury, increased from $3,419,168,368 on July 1, 1914, to $4,702,130,941 on April 1, 1917, representing a rise of $1,282,962,573, of which $883,481,028 was in gold. |