The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-06-22


1t will be noticed that the American Ma
tional has made by far the largest gain,
amounting to 81, %, S34 IL, considerably more
than three times the second largest in
crease. The bank has also moved UP from
fourth to third place in the list of banks.
The surprising manner in which the
American National has since its very start
maintained an unprecedented growth has
been the subject of much comment, both in
this city and in outside financial circles. At
first the gains made were looked upon by
some as temporary and as the result of spe-
cial effort that would die out, but the bank
having now been In business since Feb. A.
1901. and showing such figures in deposits
as N,2l3 225.0S on July IS, 1901. $S,5i9, S6504 a
statement of June 8, something permanent
in its business policy must be held account
able for a record which. it is safe to say. is
the equal of that Of any banking institution
in the State IL not in the entire country.
Regarding one prominent feature of the or
ganization of the American National 1T may
be mentioned that in addition to having
first-class connections throughout other
States, the bank has direct correspondents
in no less than 159 points in Indiana, thus
covering the State in the most thorough
manner The bank is very progressive and
while conducted along strictly conservative
lines loses no opportunity to avail itself of
every legitimate modern method of secur-
ing business. The officers of the American
National are: President, John Perrin; cash.
Ter, II. A. Schlotzhauer; assistant cashiers
Theodore Stempfel. Andrew Smith. Direc-
tors, Hervey Bates, Hervey Bates, jr., Jas.
l. Dissette, William Dugdale, Frank w.
Lewis, Herman Leber, Albert E. Metzger
John Perrin, Joseph c. Schaf, Henry Sew
erin.
The third largest increase In total re-
sources among the national banks of the
city during the two months since the state
ment of April was made by the Capital
National Bank, which shows advance
of 1854, 697. %. The banks total resources
are now &.764. 1874 as against &,449 20S6
and discounts amount to S2,257, 81, and
there is due the bank from various APP
proved reserve agents $42o. 602. IL. The cap
ital stock of the institution is $500 900, its
surplus $4,000, undivided profits S23. 23. Is
ard individual deposits s1,5O1, 1886. The
bank also carries $479, 900 of United States
deposits The officers of the Capital Ma
tional, which was established in 1889, are:
lando M. Packard: cashier, William F.
Churchman; assistant cashier. R. NJ
The Columbia National has also made a
fine showing, having now total resources of
81. 229, l1.e3, as. against s2,152.OS5.e5 two
months ago.. The bank has capital of
$500 600, surplus of $4,000 and undivided
profits Of $6,94197 Total deposits are con-
siderably in excess of 100000. It's officers
are: President, Mortimer Levering; vice
president. A. A. Barnes; cashier, w. F. C.
Colt: assistant cashier, w. *. Sproule ir
The Union National Bank. which is the
Youngest of the cty's national banking in
stitutions has made large strides i'm bust
which loans and discounts amount to SS5e-
l7O17 The bank is capitalized al 100000 and
carries individual deposits of $246. u.s. 49, The
officers are: President, w. ]. Richards:
rison: assistant cashiers, Fred N. Smith.
Charles III. Morrison