Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1902-06-14

elected lie would ut once inauguratc
this policy.
AT Sundays meeting the record of
Mr.. llunmcl was indorscd. When City
Treasurer IL was shown that he turned
in Il large part of the interest to the
city. going by the ordinances. which
allow 10 per cent. instead of the stat
u,cs. which provided that the City
Treasurer was entitled to ~ per cent
of the interest money.
~
Mr.. Thomas +. Phillips. President Of
the DOlesc n Shepard Company, Chi.
cago. and President of the new Fed
eral Trust n Savings Bank. was born
In Cadiz, Ohio. Sept. 1. 1876. the son
Of John ana Eliza Phillips. lie was
educated In the public schools Of his
native town and at the IlOpedale (Ohio,
College, after which he located In
Wheeling. West Virginia. and became
Secretary Of the Franklin Fire Insur-
ance Company of Wheeling. holding
this position for about twelve years.
ana at the same time became Interested
In the glass ana iron Industries In
that city. Later on he made large In.
vestments In Chicago real estate.
In 1852 Mr.. Phillips located In Chi.
cago. and was the representative Of
Eastern capitalists also Of u trust com.
pany. having charge of their Western
investments. His country home was mt
Naperville. Illinois. thirty miles from
the city on the line of the Chicago. Bur
lington h Quincy railroad, AZ which
point he Is the owner of large farming
interests.
In 1855 Mr.. Phillips organized the
First National Bank OF Naperville
which. as President, he has managed
most successfully. About the same
time hc also organized the Chicago l.
Naperville stone Company, operating
quarries at Naperville. In 1887 he pur.
chased the business Of DOlese 4 Shep.
ard and consolidated the same with
the Chicago 4 Naperville Stone Com
pany. forming what IL known as the
DOlese 4 aepard Company. This com.
pany Is the largest and most successful
of its kind In the country. Mr.. Phil
lips was ,..e organizer Of the Federal
Trust l. Savings Bank of Chicago. This
bank has u capital Of $2,OOO.o,. and Il
surplus Of $500, 600. and includes among
Its officers and directors some of the
most prominent and wealthy men Of
Chicago and New York.
Mr.. Phillips Is member OF the Union
League Club, and attends the First
Presbyterian Church. He was married
IN 1869 To Miss Fannie Il. Flagg. His
family consists of u son. VIM. 4. Phil
lips. Manager and Treasurer OF the
Dolese Il Shepard Company. and
daughter, Miss Sarah l.. Phillips.
The County Democracy at It's weekly
meeting Sunday voted TO have another
picnic. The outing Is to take place the
second Saturday in September al sun.
be procured for that day.
Ii was decided to allow all holders of
tickets for Saturdays picnic 10 have
as many complimentary cards for the
second outing as they had tickets sat
urday.
An effort is to be made to have W.
BOurke Cochran at the picnic To make
an address. He promised the commit,
tee that waited upon him a week ago
that he would be glad to address the
Democracy at any time he was asked
in the future.
Mayor David $. Rose will also hc in
vited from Milwaukee, as will ex-Nlay.
or Tom Taggart, OF indianapolis.
%9A
Captain william G. Black will un-
he one of the Democratic
judicial nominees. Captain Black is
Democrat Of Democrats. Sound on
all points from Il party standpoint. he
Is also a most excellent lawyer and
would be an ideal member of the Ju-
dicial bench.
~eA
Hon. Ernst Hummel is far and away
the strongest candidate mentioned for
the Democratic nomination for County
Treasurer. If the County Convention
IL the kind Of an assembly which the
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