davidaulloa/AmericanStories huggingface dataset:
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06

Justice and equity characterize every de-
partment of. their business.
They now furnish to the mercantile in
terests S'5.oD.QW in additional collateral
ana security in the way OF protection
against excessive loss upon credits. They
guarantee merchant or manufacturer
against los. resulting from insolvency of
debtors engaged in the mercantile bust
ness in the United States and Canada on
actual sales.
Their bond is simple. clear and concise.
and plainly tells the bondholders the per-
vency. the basis of protection under the
bond and the requirements of the bond
holder and the company.
The bond covers accounts as follows:
First. those customers who have a capital
rating. followed by a first or second class
rating III the books OF either of the mer-
camille agencies. These are covered for
lV per cent up to an agreed rate limit on
each rating The second class are the off,
rated in the agency book. These are COW
cred for an agreed proportion of each ac-
count, the company being coinsurer with
table OF coverage is plainly shown in the
bond, and a bondholder knows the amount
OF protection he has on each account The
company does not in any way limit the
sales or control the method of doing busi-
ness by bondholder. In other words the
bond of the American Credit Indemnity
Company simply indorses the accounts Of
the bondh9lder. 1t continues the insurance
upon the known value of merchandise
when it assumes the unknown value Of
accounts ON the books. II shows the mer-
chant as to the amount of credit the cap
ital should bear. 1t affords the merchant
an opportunity to offer the bond as coll
lateral on his accounts when necessary. It
begets confidence in the merchant and
creditmen, as the company indorses their
judgment.
As the loss by failure is much greater
than the loss by fire, credit insurance is
OF proportionately more value to the
trader than fire insurance.
The plans and methods Of the American
Credit Indemnity Company of New York
are worthy of the consideration OF all the
for it protects their money in
vested in the notes of the wholesale mer-
chants and their customers.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06
SLIGO FURNACE COMPANY
EMPLOYS 600 MEN.

The Sligo Furnace Company. whose gen.
eral offices are located at No. 500 Olive
street. st. Louis. and plant at Sligo, Dent
County. Mo-, are large and progressive
manufacturers Of charcoal. car wheels and
pig iron. A high grade of iron is pro-
duced. for which there is great demand,
the ore coming from mines in Northern
States. The company owns the Sligo and
Eastern Railroad. which connects their
furnaces with their ore and heavy-t timber
lands.
The company's capital stock is $780,
and they employ 500 men. They own $50
acres Of ore and timber lands in Missouri
by-product plant has been established
lately. from which alcohol and paint tar
are made from wood. Lime IL shipped
abroad and 1t is also used in connection
with the manufacture OF smokeless pow
der. On account Of heavy interests located
at Leno. Tex. the company intends to con-
struct railroad to connect that part Of
the country with large tk;lway system.
The company gets from $1,000 to 1900 tons
OF ore annually from the Massabo Range.
Michigan.
The officers Of the company are: E. F.
Goltrn, president; ]. D. Dana, secretary;
Erastus Wells, treasurer The members of
the Board Of Directors are: Rolla Wells,
w. X. Bixby, f. H. Eaton, E. c, Dam
eren and E. F. Goltra.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06
EXCELLENCE OF GOODS
GAINS LARGE CONTRACTS.

st. Louis has within her confines one of
the largest manufacturing firms In the
country that is engaged in making gas
pipe, lead pipe. sheet lead, sanitary goods
and mill and railroad supplies. This firm
is the l.. NJ. Rumsey Manufacturing Com
pany, located at $40 North Second street.
The company was organized In 1855 by
L. n. Rumsey. now deceased. The pres
ent capitalization is 100000. Goods are
shipped to every part of the world by the
firm. Twenty travelling men are kept busy
on the road. and the number of men en-
ployed In their plant. which covers several
acres. is about 900.
From 10000, the amount of the first
years business. the amount Of business
transacted yearly reaches several million
dollars. The contract for the supply ot
plumbing and en4ine-room materials was
awarded the company by the Government
for the new Congressional Library at
Washington. d. c.. and the new Govern
ment building to be erected in the Philip
rine islands The contracts We're obtained
only after the firms goods had been sub
jected to a rigid test with goods Of other
competing firms.
Since the firm has been IN business the
employees have been so fairly treated that
there has never been any strike n.
Rumsey is president of the company, L.
N. Rumsey vice president. Fl. S. Rumsey
general manager. ]. p. Hartnett secretary
and I. .. Hyman treasurer.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06
HAS ADDED MUCH TO
STABILITY OF ST. LOUIS.

The German Savings Institution Is an
other Of the solid financial concerns that
has added so much to the stability OF
st. Louis as a financial center. It was
organized in 1858 with a small capital,
more pluck and ability and plenty of good
business common sense. The business
grew in scope despite the years of de-
preston, because OF a careful conserva-
tism dominating all their loans and in
vestments. Its policy has remained I'M
changed through the half century. of its
existence, the same care and caution be-
Ing exercised during the prosperous years
OF the country as In others. The institu-
ton celebrated its fiftieth anniversary dur
ing the present year, and tho showing
made was most fattering. 1t was truly
"a half century Of solid and substantial
business success" passing safely through
There has been no change either in the
name or style since Its inception, and 1t Is
the Oldest banking institution In Missouri.
Its capital is $4,000, and surplus and
undivided profits amount to s.. 26327l. In
1853 Its assets were $13.9O6; in 1873. s2.2ss.-
1t has paid out in dividends to its stock
holders SS5S.500 since its establishment
Letters Of credit, available throughout the
civilized world are issued. Three per cent
interest on time deposits is paid. and 2
per cent on current accounts; The he,,, 9fti,
Koenig. vice president: Richard Hospes
cashier; H. Hunicke, assistant cashier.
The directorate includes the above
named officers. together with William J.
Lemp Charles A. sso ok T M, Louis Fusz'
Their location Is southwest corner Of
Fourth and Pine streets in the Planters
Hotel building.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06
THIRD NATIONAL MAY
SEEK new QUARTERS.

Those who take an interest In watching
the growth Of st. Louis's great concerns
believe that 1t Is but question of a
comparatively brief time when the Third
National Bank will be compelled to seek
new and larger quarters. This institution
- one Of those that have done much
toward placing st. Louis In the very front
rank Of the solid cities Of the Western
Continent, and its growth and present
position in the field Of finance are the nat
ural result OF the adherence to those
principles in banking that cause the pub
lie to repose the utmost confidence In q
banking house.
The Third National Bank was organized
forty years ago, and for that length Of
time 1t has maintained its position among
the first of the leading financial organiza-
tons Of the Western country. 1t succeeded
the Southern Bank, which began business
in 1854. The bank has a capital of $1,000
900 and carries a surplus of 100000. At
the close CT business. November II. its
statements showed its resources to be
more than s25000,Oo0. Its deposits were
So AT. .00.50. Its time loans were SC, 229,
06SO5, and demand loans $.619. 25i.05.
The banks officers and directors are
among the best-known business men ard
careful financiers in st. Louis. The presi-
dent is c. H. Huttig: cashier. G. W. Gal
breath; vice president, W. B. Wells, and
assistant cashier. J. r. Cooke. The Board
of Directors is composed by G. w. Brown,
George 7. Cram. John n. Drummond,
John S. Durham. ]. B. NJ. Kehlor. H. +.
Knight. r. A. Valentine. Thomas Wright.
Il NJ
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06
ST, LOUIS BANKS GROW
WITH INCREASING TRADE.
Local Financial Handle
Worlds Fa ir Year-Prosperous
Year at Closing.

| been financed, but even in tho face Of
| this additional commerce. there has been
at no time a serious stringency in the
money market and business has moved
along smoothly.
READY FOR THE FAIR.
Next year, with the worold's Fair in
progress. and the banking business Of the
city perhaps doubled. st. Louis banks will
be called upon to meet the most severe
test in their history. but the progress
made tins far. together with the soiidity
OF the banking institutions, gives assur-
anee that the banks will not fail to meet
their end Of the great Worlds Fair BUSH
ness
No better testimonial as to the strength
OF st. Louis finances was given than
VIXEN. few weeks ago. temporary run
was made on several Of the trust COM
panies, due to malicious rumors circulated
by Chicago stock jobbers. The excite
ment was over In a day and the banks
and trust companies emerged from the
disorder. safer and stronger than ever.
The trust companies. long before the
expiration OF thirty days. the time limit
for withdrawal OF savings deposits. noti-
fed depositors that their money was
ready for delivery IL they demanded it
Every deposition was notified that there
would he no necessity Of whiting for the
thirty-day limit. OF the depositors so no.
titled not five per cent. accepted the offer
of the trust companies for a withdrawal
Of the deposits. The banking officials look
upon this as the hest possible evidence
that the people of st. Louis have abso-
lutte confidence in their banking institu-
tons
Bankers in New York. Chicago and the
larger Eastern cities have repeatedly
stated that st. Louis Is looked upon as
one Of the strongest financial centers In
the United States.
Square dealing. safe investing and con-
sentative policies in every department on
the part Of local bankers has served to
create this sentiment in the minds OF |
Eastern capitalists with regard to st.
Louis banks
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06
STRINGENT LAWS
CONTROL COMPANY.

The Illinois State Trust Company of
East ST. Louis. ILL.,. Is one Of the three or
four trust companies that have been or
ganized In Illinois under. the trust set.
which is one of the strictest set Of laws
regarding the organization and manage
ment OF trust companies in the United
States. Under the Illinois laws a trust
company is organized and run on almost
the same principles as bank. The trust
and opened its doors for business in Sep
TENDER of the same year.
The resources Of the institution are S77s.-
325.1S. The capital stock paid in totals D
to the amount Of 10000. and tho untli.
yided profits are somewhat over SO No. ].
c. Van Riper is the president OF the trust
company. He is large capitalist, owning
stock IN and Is a member OF .he Board II
Directors OF several large corporations.
tenn Thomas L. Fekete is the first vice
president. Thomas w. Crouch second vice
president. II. j. de Ham third vice prcyi-
dent, II. L. Rinaman secretary and treas
urer. and Robert =. Munger assistant Sec
rotary and treasurer.
The Board Of Directors Is composed a.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06
MANCHESTER BANK
OF ST. LOUIS.

Still in its infancy, being only about ono
year old. the Manchester Bank OF St
Louis, located at Manchester and Chou
teau avenues. has made phenomenal prog
ress. having to-day one-half million depos-
its. and made y per cent profit the first
year. Its stock now pays dividends on q
s per cent basis. the first dividend being
payable January !. 1904.
It 10 located in the heart Of the naanufac-
turing district, where about sixty large
manufacturing establishments are now
running In full blast, and ten or twelve
more extensive plants will be in operation
by spring.
The Manchester Bank IS capitalized a,
800, 900, with q surplus of $4,000 It's won
derful growth Is due to the experience and
masterIy financiering Of the following
prominent men. its officers and directors:
Gustav Bischtn, president: A. NJ. Beck.
ers, vice president; A. e. Brooker, cashier.
The directors are: Gustav Bishoff, former
iy vice president st. Louis Dressed Beef
and Provision Company: Alexander NJ.
Company: Albert J. Apple. president Apple
4 Hemmelmann. Real Estate Company;
Company; Louis H. Haase, president EN-
pire Brewing Company; Robert D. Lewis,
General superintendent Liggett & Myers,
brumnond Branch Continental TOBACCO
Company; Alfred J. Siegel. secretary Hut
tig Sash and Door Company; L G. Mucker-
mann, Polar Wave Ice Company; B. II.
Stoltmen, real estate.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06

The year which Is soon coming to a
close has been one OF the most prosperous
in the history Of ST. Louis banking insti-
;utions. and the financial record for 1905
IS one that has placed St. Louis in the
top rank of banking cities in the United
States.
For years St. Louis has been looked upon
rs one of the most solid and safest COM
munities. financially. in the United States.
The business which has been done this
year sustains the city's reputation IN
every particular and the volume OF bust
ness transacted has been SO great that 1t
las caused favorable comment In New
York and the other big cities of the coun-
try
ST. Louis banks have been called upon
tl.s year 10 meet situations which have
been uncommon in former years.
The great floods In Kansas, and par
ticufaily the floods IN Kansas City. sent
busiress 10 st. Louis banks that they
have previously not been asked to handle.
The immense grain crop of Kansas ard
the Middle Western States was trans
ported through the ready assistance given
30 Missouri. Kansas. Nebraska and Okla
homa banks by st. Louis institutions.
Thousands of dollars were shipped to
TIE srain-producing points in the Middle
West. a,d but for this assistance the
cereal interests IN the Middle West would
have been in sad predicamcnt.
During the moving Of the cotton crop
81. Louis banks furnished to shippers in
South on an average from $4,000 to
100000 day. This business was handled
easily, and gained great credit for st.
Louis from the cotton-growers of the
South.
The reports of the clearinghouse this
year have shown the condition of st.
Louis finances as being excellent during
every season. and the bankers feel that
they have much to be thankful for.
During The last year the Worlds Fair
enterprises have caused an extra demand
TO be made upon local financial institu-
tons. Many Exposition enterprises have
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06
SPLENDID QUARTERS OF
THE MISSOURI TRUST.

The Missouri Trust Company. which oc-
cupies splendid quarters in the great struc-
ture at the northwest corner Of Seventh
and Olive streets, is another of the fast
growing financial organizations of the
Worlds Fair City. It's capital stock, fully
paid. IS 100000, and It carries surplus
Of quarter Of million dollars more. Its
undivided profits were s24s24l.4s September
8, the date Of its last statement to the
Secretary Of State, and its deposits were
S,a2, .02. It's total resources on the same
date were S. ~. s7s As. Its loans aggregated
8. 846 s306.34 Conservatism has always been
the company's policy. The officers Of the
company are August schlafly, president;
John W. Harrison. r. N. Scrusss: Lon V.
and Louis a: sehlatiy. vice presidents; g.
Gorse. secretary; Joseph L. Haniey. treas
urer: II. NJ. Knox. title officer; Matthew
P. Murray, counsel and trust fficer: H. b.
johnson. assistant bond officer; Pope Stur-
geor. assistant treasurer: David c. 1Oker,
manager safe deposit department.; NJ p.
Murray. Jr., assistant trust officer: Mrs.
Florence NJ. Latin. manager woman's de-
partment.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06
CONSERVATISM MARKS
LINCOLN TRUSTS POLICY.

When the Lincoln Trust Company be-
gan business nine years ago its directorate
was composed OF men noted for their con-
servativeness in business. Conservatism
has been the cardinal rule OF the COM
pany ever since. u tact that explains bet
ter than anything else its splendid success.
The business OF the company Is divided
INTO i've observation-disclosures, trust, sale
deposit, loan anu real estate, anu there Is
competent man at the mead OF eacn one
OF them.
The company 10 capitalized at 100000
Its surplus ana undivided pronts are
Sl.133.VOv and It's assets are moe than
$3.vU.vtV. the company taxes pIlue In the
TACT that a gooaiy portion or ITS savings
ueposltors are wage earners. On savings
deposits 1t lays . per cent, Compounded
setniannually, and on demand or cneck ac-
FIRST Of eacn mOntn. 1Is vaults are in the
one-Story stone builolng adjoining the
twelve-story Lincoln trust building and
are possessed or all the modern appiIances
necessary to give the most thorough pro-
lection.
In It's bond department the company has
made q speciality OF the Lincoln Trust
Company - per cent gold bonds. OF which
bonds are recommended to conservative
investors as one of the best securities on
the market. They are secured by first
posted with the st. Louis Union Trust
Company. which acts as trustee for the
entire issue. The bonds are issued in de-
nominations Of from 500 to $1,000.
The officers Of the company are A. A.
B. Woerheide. president: George T. Du-
rant. FIRST vice president; George W.
Lubke, second vice president and counsel;
J. II. Aug. Meyer, third vice president;
Charles Hamilton. secretary: Julius G.
Carroll, treasurer; II. s. Caulfield. attor-
ney: H q. sprague. trust ofacer: w. II.
Foster. loan ofacer; Kent Jarvis. bond
safe deposit vaults The directors are
L r. Blackmer. Charles r. Blake. II. s.
Cauldeld. E. H. Coffin. James P. Dawson,
Henry Duncker. George F. Durant, Ben
Eiseman. C. Marquard Forster. julius C.
Carroll. Charles Hamilton. George W.
Lubke. J. b. Aug. Meyer. John G. Roberts,
Thomaa Wrixht and A. A. B. Woerheide
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06


follows: I. II. Orr, trust officer Ct. Louis
Union Trust Company: Thomas I. Fekete.
real estate and insurance; Doctor H. j.
de Ham. physician and surgeon: II. Elliot.
Jr.. secretary and treasurer Elliot Frog
and Switch Company: +. 8. Pfeffer, prest-
dent Pfeffer Milling Company: William r.
w. X. Bixby, chairman board American
Car and Foundry Company; H. e. Haar-
stick. president Mississippi Valley Trans
portation Company: ]. D. Fllley. vice pres
ident st. Louis Union Trust Company; II.
c. Coleman. Greenyiile. ILL.,. grain mer-
chant: E. c. Simmons. Simmons Hard
ware Company: Z. o. Stanard, Stanard
Milling Company: A. ]. Nulsen. Missouri
Malleable Iron Company; Doctor II. c.
Fairbrother. physician and surgeon:
Thomas W. Crouch. president st. Louis
Dressed Beef and Provision Company: J.
c. Van Ripper. president Illinois State
Trust Company: c. r. Jones. general man
aRer st. Louis National Stock Yards: Ed
ward A. Burke. Alton. ILL.,. capitalist; Paul
W. Abt. president First National Bank.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06
MERCANTILE TRUST
SHOWS SPLENDID GROWTH.

The Mercantile Trust Company is one Of
the newer institutions of its character in
st. Louis. and its growth has been one
of the marvels Of the financial and busi-
ness world. Within four years time it has
attained position that reflects the high
est possible credit upon its officials. Its
enormous business is the result OF abil-
ity, energy and conservatism Of the
most commendable character. The COM
pany's capital stock is 100000, and its
surplus and undivided profits amount to
almost $s,0Oo.GO Its resources at the close
OF business September were SO 565, 1885,
and its loans aggregate s16.512, 1850. The
company occupies one Of the most mag
niflcent banking structures in the United
States. Its safety deposit vaults are not
the most undressing feature of the
building, and they are constructed and
safeguarded in a manner to afford GUS
toners the greatest amount of security
and protection. Tho building and site and
vaults represent value Of more than
$4,000
The officials Of the Mercantile Trust
Company are Festus ]. Wade. president:
Corwin H. Spencer. Lorenzo e. Anderson
and Jonathan Rice. vice presidents; Geo.
W. Wilson. treasurer; William Maffltt.
assistant treasurer: John H. Kruse. assis-
tant treasurer; C. H. Mcmillan, secretary;
]. B. Aoberly. assistant secretary: Jacob
Klein. counsel; Virgil NJ Harris. trust Of
ficer; George B. Cummings, assistant trust
officer; William Foley, manager Of the
bond department. and Amedee V. Rey-
burn and II. P. Cooke. managers of the
safe-deposit department.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06

st. Louis is the metropolis OF the Mis-
sissippi Valley and completes with Chi
cago for the title OF 1.-THE Money Center
Of the Great West" Its commercial and
financial business extends westward to the
Pacific, south to the Gulf and southwark
TO the City OF Mexico. Its strategic point
for business Is supreme. no other city in
the Union eQuall.ng it; st. Louis is near
err to the geographical center Of the Uni
ted States than any other city. It ranks
first in many lines Of trade; in banking
1t Is a leader, having some Of the strong
est banks in the United States.
The National Bank of Commerce Is one
Of these. 1t was established in 1851 with
an authorized capital Of 10000, but the
capital paid In was only $500, and the
largest subscriptions were for six shares,
and each subscriber was required to pay
for his stock in monthly installments of
$3.50 per share. The banks wonderful
growth is like a story from the Arabian
Nights" 1t would be incomprehensibls to
all but the new generation. a. Is evil
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-12-06

amounting to sl.2s2421.T. It's time loans
amounted to si.7s7, 90 and loans on call
s., 2SO. SO. 50. The company's Office building
Is located at the northeast corner OF Of
most valuable sites In the district of St.
Louis where real estate values are the
highest.
The officers OF the company are Tom
Randolph. president. Lawrence B. Pierce,
first vice president: George Q. CARPENTER.
second vice president; l.. B; Tebbetts,
third vice president: Thomas w, Crouch.
fourth vice president: ]. NJ. Woods, score
tary: A. G. Douglass. assistant secretary;
l. g. Mitchell. treasurer: Bryan Christie,
counsel.
The Board of Directors Of the company
Is composed Of the following wcll-known
business men and capitalists: A. D.
Brown; George Q: CARPENTER, H. NJ. Cou-
Stafford s. DeLano. Samuel G. Davis. Al
bert n. Edwards Edward F. Goltra.
James Green, Russell Harding, Samuel
NJ. Kennard. C. G. Knox, elias Michael.
Lawrence B. Pierce. Edward L. Pretorius,
J. L. Randolph. Tom Randolph. Joseph f;
Schwab. Otto F. Stifel. L. B. Tebbetts.
N. B. Wallace. c. G. Warner and ]. N.
Woods