Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1899-10-14

sumed business at the northwest con- |
irer Of la Sale and Madison streets. 1t |
remained there until taking the new
quarters in the Insurance Exchange
Building at the southwest corner of
Adams and La Sale streets, which It
now occupies. Feb q. 1898, the bank
absorbed the International Bank.
which had been organized in 1868 and
had a capital of $5OOOOO, with sur.
plus of S2OO,OOO. During the same
year the Continental also absorbed the
Globe National Bank. Dividends at the
rate of per cent. annually are paid.
The present officers and directors of
the bank are: President, John G.
Black: Vice President. Isaac N. Perry:
Cashier. George NJ. Reynolds: Assistant
Cashier. Ira Il. Bowen: Assistant Cash
Ter. Benjamin :. Mayer: Directors,
John G. Black. Roswell Miller. william
q. Elibbard. George II. Wheeler. Bert.
hold Loewenthal. Henry G. Durand.
Henry Botsford, James II. Dole, J. Og-
den Armour and Isaac n. Perry.
The organization of the Commercial
National Bank was decided upon at a
meeting held Dec. "a, 1864, and was
completed Jan. 13. 1865, when the bank
was authorized by Hugh McCulloch.
then Comptroller of the Currency. to-
begin business. Those who were act
i've in its beginning were +. Il. West
f1ll WHO was the first President of the
hank: Il. II. Ennis, Moses =. Bacon.
Chas. Ennis. W. II. Ennis and Nicholas
u. Williams: and these composed the
first board of directors. May 10, 1866
the following additional directors were
elected: Henry +. Eames, william II.
Ferry. II. u. Culver, Henry II. Taylor,
Henry w. King. AlOnzO Campbell,
william II. Kretzinger, Bacon Wheeler.
X. Il. Mason and Alfred COwles. all of
whom were among the most represent
atve of ChlcagO's citizens at that time,
ana added greatly to the future sue
cess Of the institution. The capital
stock paid In was S2OO,OOO. and the re-
port for September, 1866. shows the
deposits at that time to have been
S5O6.3O2.5O. At the beginning Of the
next year Albert Keep and Il. +. Pul.
sifer were added to the board of direct
ors. and the capital stock was increased
TO S5OO,OOO.
The growth of the bank has been
J constant and uniform from the start.
and among Its customers are many Of
the most substantial men Of the city,
all of which Is the direct result Of the
standing and ability Of the men who
stood as the. representatives of the in
stltutlOn and directed Its wise and con-
servative policy. The Office Of Presi-
dent was filed continuously by Henry
+. Eames from 1867 to 1907, and under
his guidance the bank prOspered and
became one of the leading financial In
stitutiOns Of Chicago. Deposits In
creased during his term from $5O6,3OO
to more than $0.OOO.OOO March 20.
1886, the capital was increased to ST.
OOO.OOO. which was done entirely from
the earnings, no new capital being ON.
ploycd.
Jan. 1, 1893, James II. Eckels. for
mcrly Comptroller Of the Currency
was elected President. The reputation
, as u flnancier which he brought to thu
institution caused marked increase
In Its business. which II best shown
perhaps by the Increase In the deposits
from about $0.OOO.OOO ut the time hG
took charge to over $2O,OOO.OOO ut pres
cnt. The statement OF Sept. Z shows
u surplus fund of $1.OOO.OOO In addi
ton to the capital stock Of like amount
and undivided profits Of $2l5.177.O4
The present officers are: President
James II. Eckels; Vice President. John
&. McKeOn; Second Vice President. Dn
vld Vernon. and Cashier, Joseph II
Talbert. The directors are FRANKLIN
AiacVeagh, Jesse Spalding, n. X. Fair
bank. william j. Chalmers, James II
Eckcls, John g. McEeOn and Robert
II. Lincoln.
The history OF the Metropolitan Na
tlOnal Bank shows another instance OF
remarkable growth. The last state
mcnt showed total deposits OF $40,
50O.11O.47, $2,OOO.OOO paid-ln stock and
, S1,226.375.O surplus ana undivided
profits. The bank was organized May
, IL, 1884, with a capital Of 100000
which was later increased to ~, 900
This was accomplished by dlspOsinl
! of the $5OO,OOO capital stock and sur
. plus or reserve of $5OO.OOO ut 500 q
share. OF this amount $1,OOO,OOO wa,
q placed to the credit of the surplus
account. The bank was first situated
I at 100 Washington street, and In 1888;
moved to La Sale and Madison streets
where 1t remained until July, 1902
J.. when 1t moved to the WOman's TEN
4 pie. at La Sale and Monroe strets
= This bank also succeeded to the bust
!. ness Of Preston. Kean & Co.
n The officers ana directors of the Met
@ ropolitan Bank are: President Il, Il
r Keith: Vice President. william J. Wat
1 son; Cashier. II. II. Hitchcock: Assist
@ ant Cashier, Edward Dickenson; DireC
( tors, william Deering, \. \. Carpel
r ter. william II, Walker, william j
= Watson, A. G. Bartlett, william \. Fhl
v ler j.. Frankenthal, =. a. Kent, II. 7
/. Jeffcry, Arthur Dixon and u. q. Keitl
= The Union National Bank Is on" u
q the old institutions which has safel
braved every tempest and now pos
# scsses resources aggregating the hand
!. some total of Sl6,i5j,7l0.41. II In
li,OOO,VOO deposits ana S2,OWOOO cal
|. ital stock. The bank was organized i
= December, 1854, with capital of $500
l. 600 and an authorized issue of ~ 1000
y, 600.
, W, f. COOlbauph WAS the first Pres