The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1893-12-17
THE CHEMICAL BANK.
IT'S 100000 CAPITAL STOCK PAYs
ss5o,ooo DIVIDENDS.
Has surplus of s7,ooo,ooo--A Hun
dred-DolIur shnre of Its stock is
Worth $4,000 = The Hank OF
tho landed gentry.
New York World.

New York World.
Government bonds are very good things
to own. but how would you like 20 have
your money invested In stock in the
and when the bank was organized they
cost 500 apiece. The few fortunate hol-
ders of these shares today draw dividends
of l50 per cent on them.
Government bends pay per cent year.
Az security they are a littlc better than
Chemical bank stock. As long MS the gov
eminent at Washington still lives. so long,
probably. VIII the Chemical bank continue
on It's uninterrupted course OF prosperity.
II is the strongest bank ia America
Its capital stock ia 100000 and Il pays
out In dividends annually $4,000. II
could Just aa well pay out million year
for several years. II Inns d surplus OF over
y7.O00.0O0 The stockholders, however. are
very well satisfied with the dividends as
they are. In 1883, when the rate OF the
annual dividend was increased from 100
per cent TO 100 per cent. one Of the largest
holders OF stock made strenuous objec-
ton.
IRA rather see my money kept in the
bank" said he, II can not invest II any
where else where II VIII earn 30 much for
me-
Wall street goes wild when Manhattan
OF some other stock goes up to 100. Yet
a 500 share OF the Chemical bank is
quoted at 1900 II Is many months since
n sale has been made. Stockholders in
this bank seldom die and mover want 70
sell
A CLOSE CORPORATION.
II Is only when some one does die or
some vast estate 10 finally settled up that
a share OF stock Is likely 20 change hands.
Long before the time for the actual trans
fer It has been determined who 10 70 be
the fortunate buyer. No outsides has the
NJ OH MI Ia oil
kind Of q close corporation. It's stockhol-
dcrs are few In number ana the number
grows fewer every decade. II ~ and al
ways has been the policy OF the bank 10
keep its control IN a very few hands. 80
every share Of stock - carefully located,
and when there Is seen a remote poasi-
billfy Of o share changing hands, there Is
q consultation, the outcome OF which r. a
decision that this faithful officer OF that
wealthy director II 10 have an opp0rtu-
nifty OF increasing his holding.
The number and identity OF the men
who own the 1000 shares today Is a hank
secret. But the largest holders are known
Roosevelt President George q. Williams.
casiiier William ,. Qninlan 1r.. Daniel
W. Bishop son Of Japhet Bishop, one Of
the original incofporators. and Frederick
" Stevens the lawyer, who married Jo-
senh samipOn'a daughter. Oid Joseph
Sampson wag one Of those who aided m
the Organisation u tho Bank ana Chemical
company IN 1874. Tie Bishops were cousr
ias OF silns Cafhnrlne Wolfe member Of
The banks first board Of directors,
BANK or THE LANDED GENTRY.
The chemicai Il the bank OF the great
landed estates Of this country; II there be
In America class corresponding to the
landed gentry" Of England. ihon the
Chemical Is rs fnancIal Institution Among
The banks deaoEitors are the Astorn the
uoclAfs. the Roosevelt 4ntnte. the Rhine
louder estate. the f-ofillarde. The Wander
bite and some u the wealthiest corpora
tlons The Kew York Central railroad
keeps I'D account there Livery month
chapncey n Depew signs eheal fef