The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1906-12-17
BANKS MAKE
STATEMENT
Changes in Indiana Harbor
and East Chicago Not
Radical.
new DIRECTORS MEET
Mr.. Bader of Whiting Elected Presi-
dent of Both Institu-
tions.

Stories of the changes that have been
made and changes that were sair to be
contemplated in the management of the
First National bank of East Chicago
and the Indiana Harbor State bank of
Indiana Harbor having appeared in
print. the directors of the two banks
make the following official and authori-
tative statement of the changes in the
management of these financial lnstitu-
tions:
"As was reported Mr.. A. Dew. Frs
kline, president of both of these institu-
tions has entirely disposed of his hold
ings in both banks as has also Mr..
James D. Erskine and other small share
holders. These interests have been ac-
quired by Mr.. G. J. Bader, president of
the First National Bank of Whiting
Ind, and Mr. Julian II. Youche OF
Crown Point. Ind.
"On Tuesday, Dec. II, at. a meeting
OF the Board of Directors Of the First
National Bank of East Chicago, Mr..
G. J. Bader and Mr.. Julian II. Youche
were elected to succeed Mr.. A. Dew
Erskine and F. II. Erickson as direct
ors, and Mr.. Bader was elected presi-
dent OF the First National Bank to sue
ceed Mr. Erskine. Like action was had
at the Indiana Harbor State Bank of
Indiana Harbor on Wednesday, Decem-
ber IL. Mr.. Bader and Mr.. Youche sue
ceded Mr.. A. Dew. Erskine and
James d Erskiue of the Board of Di-
rectors, and Mr.. Bader was elected
president Of that bank to succeed Mr.
A. Dew. Erskine. No other changes have
been made at either bank notwithstand-
ing the rumors and reports to the con
trary.
MIR. ]. G. Allen remains as cashier
of the First National Bank at East
Chicago and Messrs. Schlicker, Smith
Spear and Donovan remain as directors
who together with Mr.. Bader and Mr.
Youche constitute the new Board o.
Directors.
No Radical Changes.
.."At the Indiana Harbor Bank Mr..
Ericcon remains as cashier. Mr.. Cam,
plan. manager of the foreign exchange
department. and Mr.. Ericsson, Mr.. W. r.
Holligan. and Mr.. I. f. Donovan, to-
gether with Mr.. Bader and Mr.. Youcht
constitute the new Board of Directors
Mr.. Bader as president of both OF
these institutions hardly needs any in
PRODUCTION to the people of Lake county
AS president of the First National Bank
of Whiting he has established a rep
utation as one OF the most careful
conservative. and at the same time pro-
gressive financiers of Lake county. He
brings to the new institution with
which he is affiliated. practical expert
ence and a reputation for careful bank
ing methods.
Mr.. Youche is a son of the late Hon.
J. w. Youche of Crown Point and Is a
practical attorney. He has shown un-
usual capacity for financial matters for
man of his years. He will hold the
position Of vice president Of the Indi-
ana Harbor State Bank
The First National Bank of East
Chicago. Ind, and the Indiana Harbor
State Bank of Indiana Harbor were or
ganized in February 1905, with a capt
tai of $4,000 and a surplus Of $4,000
each by Mr.. A. Dew. Erskine. wher
they succeeded to the interests of the
old private bank at East Chicago with
apranch bank at Indiana Harbor con-
duezAd by him.
rosperOus Since Organization.
banks have enjoyed unusual
prM fity and growth since their or
ga a8tion, and the deposits have
grq n from a nominal sum in 1905 tC
nearsy s$20O, 600 In each bank a condl-
ton (which bespeaks great credit fol
the management of both institutions
Mr.. Bader assumes the management
OF these thriving financial institutions
with the most flattering prospects, anc
if his success and business judgment
in the past is any criterion of what
will take place in the future, the FRS
National Bank Of East Chicago ant
the Indiana Harbor State Bank of In
diana Harbor, will soon be foremos
IS sound and conservative financial in
stitutions in this part OF the state.
Stockholders are Sound.
In the list of stockholders are K
be found the names of some of tn,
strongest financial men in this region
and its equipment and facilities fol
transacting banking business are sec
ond to none in the county. The saw.
ings deposits are features of both bank.
and in each there are savings deposit.
of about $780, 900.
Connected with both banks are EN-.
ployes who speak and understand sew.
eral foreign languages. and every per.
son in the district is sure to receive in
telligent, courteous and business-l -lik,
treatment"