, 1874-10-09

the baildings and conrts oecn1ya ca c''ualty
fAr:" .;hile the entire Gscu1d O. cut.s sd os tue
establishment is little o?er :We.:;y-!"., acres
tii.tla VIC present to the renders Of TIE TRIBUNE
!. TASTY and somewhat imperfect description or
the largest manufacturing institution III Calca-
go. The Mccormick reaper works are not onl?
identified with the grea: growth and prosperity OF
the city. but have added as 1nlch.-and perhaps
more,--townrsls sr1cli growth and prosperity al
any other manufacturing Interest. AZ ! popular
agricultural machine, it has drawn trade Ill TINS
direction to large extent. and d very con-idcr-
able portion OF tbs income Of this firm has been
devoted towards improving and bullulus up the
city.
ILLINOIS TRUST AND SAVINGS BASE.
This popular savings institution is located at
Nos. 122 and 124 Clark street, and in this con-
nection we will say that, although but l. little
over one year old. it's business has been conduct
ed on such wise and honorable plan tnat it
has already enrued for itself very strong hold !
on tho public favor. It should require no sug-
gcstious from tho public press to Induce the
laborinC and middle classes of society to patron
ize como responsible institution OF this kind
to lay aside some portion Of the earnings Of
day, week, month, or year, with which to meet
tho various contingencies that are strewn along
tho path Of fA{eln prosperity at yell as adversity.
The Provident person readily COM
prehcnds fhf3 !hdfessity, and is. therefore, rog-
ular depositor of aome portion OF thoir earnings.
Aud, :.s rule, such pessoos are reliable and
thrifty
This bank was organized in Jlne, 1878, With
= cash capital Of ?5i0. .OO1. The otiglnato.s weie
prominent and well-Anown bu..neas-laeu, who
Were especially noted for their uniform aud con-
tiuuos SUCCESS their different associations in
business There are about fifty STOCKHOLDERS,
prominent among whom are George Stutges,
Marshall Field, l.. e. Letter, john McCaffeEy,
John B. Drake, II. i. Cool5aagh, II. q. Powers,
l.. B. Sidway, Arson staeer. 4. T. Crane.
Potter JOHN Cserar, Peter Wolf. Samuel John
stone. 7. i. Blackstone, Andrew Brown, +. s.
Peterson. lnd others OF the same standing. in
ciuJiug several well-known capitalists in New
York. st. Louis, asd other cities. IneE ohjoct
waB to organize bank for doing an exclusive
trust and savings business, which would DO
30 strong i'll its capital and organization
es to be worthy Of tl,e fullest c,utiionce
OF tue people. The trust department Of this
bauk il similar in its character to that o. tho
United States Trust Company OF Nav York. The
province Of trust ba!k IL to cxect1te all lcgil-
mate t-1:sts for corporations. cs:a:es, or init
slGuala, to execute wills. md to nuke invest
IL cuts OF money collect ad remit Interest, divi-
dcud., etc. It is obvious to eve.y one that a
hank with y cash capital Of $1,000, managed by
blls.ncss men OF eapocicace and character.
where I'LL i.a business 's transacted un1er uni-
form rules aud regulations. furnishes greater
anu 0EtIGT 1aEli4tlt5 lJE t01 PioFet MaAAEEAEAt
OF trusts than my one individual lu cases
where au individual acts I'll Trustee. tbs trust
il liable to be dtstuaLed by his death.
or ir,'sa oshor REASONS he becomes dis
qualified to act: and an Individual
toitsu for the best OF mo:ives) is liable to mlse
transactions, aad AIe Chances which are q l4tt:e
OIL. Of the regular culrso, ard wl!l:h are lust as
likely to bring lonses ~ extra pro11ts.
lu tue trust department iuoooy la only T3ceiv-
ed on t.puei1 for which co.Eiicltes are iss1ed
ir,f,.r nf mar
uuuuu,, for the full uumter nf ca;e Lha money
may remain ou deposit. LII tue savings deralL-
n,eut deposits are leceiyed in any amount, OH
which Interest ia allowed at tho Eate Ut per
coist per Aainuu, payaLls in january and July Of
ea:h year. No commercial or curren: accoluis
are received under auy circttns;anccs. Tbs
Eua7d OF Directors consists OF sixteen member;
the detail ousinaaa OF ths bana- however, il
m2s.AreG By an Executive Committee. com2os:d
OF L. Is. S.dwAy. Johl 3. D:aas, Ii, G. poucrs,
aud Arson sta$es. Ihe fluids OF the
bank =ro cArried cIlelly on real easate security
and On we'll kGowu n:o:k and oti:er col1ale era4s
having rcn3y cash ula1xct, and iIves:cd Ill
United SI1:es bonda. 1hc rates Of snte1eat de-
nanded are quite moderate. aud nre often quite
low when VERY choice collections are one1et ~
security.
tbs hill known ~ Scnats bill! c23 which was
introduced by Senator S.s.ue III .larch 1878,
and wuich required all baulzs doing business un-
der State chartersto MAKE quarterly reports, and
also required the State Auditor in pcraou, or
through roper aseut. to MAKE personal! exam
nations Of the aIfalrs Of each bank Il least
turee times in each year, was drawn aud lte pass
aye urged by tho officers Of tAa bauki bus
although it w,.A one Of tile best aud most neccs-
sary laws that WAS before tue Assembly during
itH entire session, Influences weie brought to t.
bear that prevented it trnni bccoulug n IaT.
The management is generally Understood to ba
very cautious aud conservative, and ID. 1n Tact.
Just what would be cxrocked from anc. Afodxof
men "a al its atocKunlde:s aud managers. II,
addition to cash cApitas of $50o,g0o, the oank
has already surplus fluid Of s25.031. and tac
STOCKHOLDERS are Lable addition for en- au1o,1u.
equal to the amount OF stock owned respectively,
which with such Il list Of s.ocEhu:ders means
something nlurc than mere words. and lit fact
gives the her0s1nrY fund OF over ~ .Von, uu3 ns
security for their deposits. And, without any
desire to DISCRIMINATE in favor Of tslia or that
bank or to advise it's readers to patronlze this or
that institution, The TRIBUNE will ray tua- tli's
bank shows record fer toliaity aud fair dealing
tina. makes it entirely worth: Ut public CONT
Geuce. And with such financial and executive
ability ut its helm, lt8 future Lnust indeed ba
prosperous.
AMERICAN 1SsCRAScE COMPANY.
Prominent among the more reliable institu-
tious of Chicago that passed through the fiery
oileal OF Oct. ., 1871 is that OF ~llo American
Insurance Company. And in view Of tho fact
that it is tho onlv fro insurance company that
survived that great disaster, it seems proper
that we should cali the attention Of our readers
to its honorable record of the past. also to its
present prosperous condition. At tho time Of
tho fire their Offices wele at Nos. lis and 100
Monroe street. but all their securities, booke,
and valuable papers wc:e eayed, cnd therefore
their business suffered 10 serious interruption.
Temporary ll:sc:a 3e7e obtained Ut once,
and in April, 1872. t:,c Company nsuyca into their
~ esent olico at 4s. <G 434 West Mnssson street..
Having 10 business IN the city. they lost less
tilat 5l.G0 on tive small cottages on the extreme
north OF the cit: 1,r:its by the fro. The saliva
ton OF tho ''olc American .wns nin'piy owing
to lne fact TINT they had strictly adhered to tho
ruio to insure ouly farm proper; detached dwell
l;nYs. ard barns aud their contents. school
huusca aud churches. Dy answering Il lclitE
Il, this kir,l OF business, insnri,1. property on
the popular ''InStaIl:nont rian" WHICH was
originated by this Company, the american stands
to-day with total resources. including INSTALL
mcut notes, Of nearly S2.cEJo.UUo aud sixteen
wears expcrience,-a'i Hstit.lt:on OF Hi-ici it!
o1icerz. Directors, and a.ocsholdo7s, aat. ic
fact, every citizen OF Chicsgo, may justly feel
p:oslnd.. ]=s officers and Bard OF Directors aro
,1,;