The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-05-30
NEW BANK TO START
IT rs. TO BE CALLED THE BANK OF
COMMERCE OF WICHITA.

Hts President Will Be A. c. Jobes and
Charles Carey Will BE the Cashier, and
They VIII Open Up to the Public On the
Corner of Main Street and Douglas Ave
nue. On June I5-It is the Idea of the
Founders to Practice the Strictest Econ
ony and Grow Into Big Concern-Cap-
i.aI stock.
With the dawn of better days for
Wichita comes the announcement of a
new bank This is the Bank of Com
merce, a neg name in local financial cir
cles, but a standard one in banking
nomenclature the world over.
With the restitution of prosperity here
which must follow on the erection of
I'm elevator and the late concession of
many advantageous freight rates, the
appearance of the Bank of Commerce
In the corner lately occupied by the
Santa Fe Offices, restores to the city
the congregation of three banks at one
street intersection, under which ar
fangement Wichita saw 50 much pros
perity. The banks have changed. The
Kansas National IS where the Citizens
was; the Sedgwick County where the
e. Jobes' and Charles W. Carey. The in
Wichita National was; the Bank of Com
merce will start in business June Is
where the State National was All the
present banks will be prosperous ones
and exercises feeling of the greatest
good will to one another and in COM
mon with the other banks in the city
will all work TO the common good of
the town.
The men behind the new bank are A
stitution will be at first a state bank
with a, capital of s25,0 900, the POSSIBLE
ties being that it will merge later into
a national bank. Several ieadingbusi-
hess men will be on the board of direc-
tors. A. c. Jobes will be president;
Charles ". Carey, cashier.
Manual labor is not usually associat-
ed with a banker. But just here this
new banking institution has within the
plan of its inception this very item
Of labor. Mr.. Jobes and Mr.. Carey are
going to sail in and work themselves
night and day If necessary. They are
going to keep books. write the drafts,
cash the checks receive the deposits
and dictate letters.
a
keen subserviency TO economy, which |
shall render assistance to the plan of |
starting in a small way and growing |
to the top, and exercise care, caution |
md economy to the utmost The 9th |
er banks in the city have known of their |
coming for weeks and accept the chal- |
Ienge to honest and clean competition |
with Zest
Mr.. Jobes. the new president, Is well |
known in Wichita. A year ago he left |
Wichita for Kansas City. Yesterday ne |
explained his return and his re-entry
Into the banking business. Mr.. Jobes
said that when he was in Kansas City
ne recognized what a great commercial
value acquaintance has Confidence
and friendship, he said. was worth
more to a banker than the yellow met
al with the governments stamp. Con-
fidence in banker only comes with
long and exactlng and scrutinizing &C
qualntance. The closest friends, the
widest acquaintance he had in the world
WAS here in Wichita among the people
of this city and the merchants of its
khoroughfares as we'll as among the
Warmers of its outlying, fertile farms.
So he came back. He says that he
wanted TO continue in the banking bus
tness and he knew that his place in
That line was in Wichita and his decis-
ION TO come here again was cinched
by a reasured faith in the future of the
Eity.
Mr.. Jobes Is wei known all over the
country for his thoroughness. When
Governor Morrill, wanted a state ac-
countant 10 handle in an expert way
ali the accounts of the great state in
situations he first struck upon Mr..
J0bes end tried TO press the place upon |
him. Mr.. Jobes has the confidence of (
the people, and If there is room for an
other bank in Wichita he can demon {
strate IL If any one can.
With his Is Mr.Charies W.Carey whom :
every one in Wichita knows. Only the i
newer Inhabitants call him Mr.. Carey. {
To all the rest of the community he is ]
known as Charley and his business abil- ]
ity and commercial acumen, which S
has seen grow within him as he 4
from the school-boy to the
man of business, is generally recogniz- c
ed 7
the idea of the founders of the Bank &
Of Commerce is to start from the ground
up, TO engage in business with stric; s
to proceed tentatively and de- a
velop slowly but surely to commanding s
magnitude. O