The Topeka state journal., 1914-01-07
No Financial Depression Is Felt
in This City.
DECLARE USUAL DIVIDENDS
Comfortable Sums for Undivid-
ed Profit Accounts.
Bankers Feeling joyful Over
Prospects for Year.

sas are prosperous and business is on
q sound basis Is indicated by reports
made at the annual meetings OF severa!
Topeka banks. The reports indicated
that there was never more money on
deposit in Topeka than at the present
time and that no financial depression
IL being felt here. The banks have de-
clared or will, declare their usual divi-
a creditable sum of money to place on
their undivided profit accounts The
bankers are optimistic.
Scott Hopkins, president Of the Pru-
Dental Trust company and director
of the Bank of Topeka. said today:
both the Prudential Trust company and
the Bank of Topeka expressed them
selves as feeling happy over the out
come of the year. The outlook Is one
Of conservatism 1t is felt that there
Is no real danger in the situation ap-
preaching 1t will be simply a matter
Of caution from this time on. With the
probability of a splendid wheat crop
and the application Of the currency law
there ought to be an era of prosperity.
Best Year in History.
"The Prudential Trust company de-
clared it's usual dividend and there was
a large amount left in the undivided
profit account. The Bank of Topeka
also had one Of the best years Of our
history.
"The Bank of Topeka declared its
usual dividend and everyone is feel
ing pleased over the business of the
year."
William Macferran, president of the
State Savings bank, said: I'VE have
had a splendid year. If there has
been any depression this bank has
been unable to notice it in its cur
rent business. Deposits show an in
crease and the current business is alb
,<o1x 1aodc the
conclusion that the depression Is not
in the west. The people are paying
off their mortgages and are saving
money. They are getting to the place
where little hard luck does not hurt
them. There has been great advance
ment in the way of accommodating
money and getting out of debt"
All of the officers of the Bank of
Topeka were reelected at the meet
ing late Tuesday as were the officers
of the Prudential Trust company. Of
ficers of the Bank of Topeka are:
president. S. E. Cobb; assistant vice
president. A. w. KnowIes: cashier. s.
F. Hughes; assistant cashier, r. H.
Knowles Directors: John r. Null
vane, s. f. Cobb, A. w. Knowles. Lee
Monroe. M. A. Low. Joab Mulvane,
dali. w. w. Bowman, Scott Hopkins.
David Bowie and Chester Woodward.
Mr.. Woodward was elected to fill the
vacancy caused by the death of
Charles Wolff.
officers for the Prudential Trust
company are: President, Scott Hop
kins; C. E. Gault, w. w. Mills and F..
ID. Coburn, vice presidents; S. E. Cobb.
secretary and treasurer. Directors:
John Sargent, ]. B. Larimer, Arthur
Capper, c. E. Gault, John r. Mulvane,
s. E. Cobb. Lee Monroe. NJ. A. Low,
Joab Mulvane F. d. iCoburn, w. H.
Davis. A. d. Kendall, Scott Hopkins
and David Bowie. The late Charles
Wolff was director of the company,
but no provision was made to fill the
vacancy.
Directors and Officers Reelected.
Directors and officers of the State Saw
ings bank were reelected. They follow:
William Macferran, president: E. L. Cope
land, vice president: j. P. Griswold, Will
lard N. Hall. N. P. Garretson, M. A. Low,
T. F. Carver. E. c. Arnold: A. B.. Whit
ing, DR.. c. F. Menninger A. A. GODDARD,
DIR. s. G. Stewart. F.. NJ. Stahl.
1t was reported that the business of
the German American State bank was un-
usually satisfactory in 1918. Officers and
directors reelected are: Theo. c. Mueller.
president; T. r. Paxton, vice president;
George p. Benson, cashier The directors
are: Theo. c. Mueller. George P. Benson,
d. P. Paxton. T. r. Paxton. J. G. Dinnen.
Mr. McKeever was retained as counsel.
The directors of the State Savings bank
are in session this afternoon. They will
declare a dividend,