Chicago Daily Tribune Newspaper, August 5, 1875, Page 5

SANTIS Ena mnranps eg vesieta SORTS ae en ee THE CHICAGO TRIBUNE: TIIURSDAY, AUGUST 5, 1875 of a savings bavk aro neither numerous nor jox. They are: one ful ntzention to deporitors, and thor- angbly buainers-like conduct of tho office, 'g, Judicious and thorough advortiung, f. Integrity and proper caro in invoatments and tho disposition of funda. Below we give detailed accounta of the moro rominant eayings banks iu Chicago, thoir mathods of -bustness, and the sure secuiity they afford doporttorr, ‘Tho qualifications mentioned above aro found in all tho following inatitutions: persed THE FIDELITY. SAVINGS BANK, uppropriately namod, entiraly fulfills tha condi- tions named it tho foregoing remarka #4 neces sary to tho prosperity of a savings bank and that of its clientage, which must ba mutual, If it is one of the prime conditions of overy such Insti- tution that tt should posuos {ho ontire confldenco of its depositors, then the managers of tho Fidolity Bank have entablished thomeolves upon a pound basis of success. ‘To socuro this implicit confidence {a ono of the probloms of bank man- agomont, moro oaprcially dificult In tho caso of gavinge banks, whero tho deposit, though compat role emall, represent tho entire o! the depositor, and aro in neatly all instancca = the navings above actual living oxpensos of a life of hard work and frugal management. ‘To secure tho Ponfidenco of such depositors an oqually frugal and diacrcet imanngemont ts necessary on tho art of thoau in chatge of the bak. Tho pub- Ie at large may not follow tho workings of such an institution with suficient closunos’ to appre- eisto good management, or detect bad conduct gnu! tha results appear, but to buainees mon whpee attontion in constautly directed to this object tho affaira of tho Fidelity Dank have commended themeclyes an worthy of tho utmont erodit to tho officers. ‘Thoro ia AN INTERESTING W18TORY attached to this inatitution, tho points of which ili appear in this article,—intoreeting, as show log nut only the firm and rapid growin of tho bank, but the windom of ita Tesi cetaes and of- ficors in establishing {t, materially as woll as financially, upon an indestructible basis, Jt was organizod in 1870, and by Ite charter the number of Directora wan limited. During tho prograss of its eroction the uamoa of those concernod in it gavo to the publio at largo» warantoo of the Integrity and ability which favo sinco conspicuously charactorized it, whilo the thoroughness and determination evinced in tho construction of the building Jed many to regard ft with curiosity and in- terest. Tho business of tho bank was not allowod any maturo growth whon it was, like ovory other such institution, victimized by tho Great Fire of 1871. ‘That droadful calamity, which laid so many booking institutions at tho yory thresbold of ruin, placed the Fidolity Bank pofore the poople as a monumont of security by reason of ite superbly built vaulta which thoro- upon beeame famous, Everybody remombors tho astonishment of the city whou, on removing the ruing of tho old Shorman House, and after- warda tho debris of the bank building, the com- pination lockn of tho Safe Deposit vaults were tried, anilthe massive doore awung back, disclosing s vault NOT EVEN WARMED by tho slowing maas of bricka and woodwork above. ‘It wae trinmph of careful computation, of liberal expenditure, sand mechanical skill, which every citlzen of Chicago took prido in boasting of. Of these vaulta, we shall speak moro at longth. Tho bank, which had thus earned pnblio respect, sinco grow rapidly. The Company rebuilt upon the old site, and mado thoir handsome building on Randolph strect, adjoining tho Shorman House, fro-proof in tho truest sense of the word. Tho building basa frontage of GO feet, a bandsomo facado, aud n diaposition of spaco unsurpassed in any build- ing in New Chicago, ‘Tho oflico of tho sav- joge department is fitted up with s mapsive eleganco which indicates the good taste of those who built 1t. Tho spotless marble floor, the vaulted roof, and the suporb bank counter at which fifty people can stand without joatling, mako ono foel tmmodiately that ovory convon-~ fence has boon afforded depositors. Tho oilices of the Prosident and Directors are fitted up with tho samo simplicity and neatness, ‘There is nothiog superfluous jn ornamontation, nothing lacking in equipment. Thoro ia nothing in the building which cav burn but furniture, and that only by deliberate design THE SAVINGS DANK, ea its namo tmptloa, docs a business almoat en- tirely in recelving depouta for accumulation. For the convenience of ita patrons it keopan small checking account, but docs not make any apecialty of it, When a depositor from city or country wishod to sell 8 hound, the bank accom- modates him. If be wishos to borrow ready money and leave for security good payor, he can always roly on being freoly dealt with. Tho atatement of the bank, publisbed in ‘Ine Txip- xg July 2, 1875, shows tbo following as its con- dition at tho cloao of business Juno 80, 1875: RESOURORE, Cash and exchangs,..... $288, 235,58 Governmont bouts, coat... 998,210.77 k County, City of Chicago, ‘othor bon 13,02,63 Demand loans socured by collateral, ‘me loans socurod by collateral... First mortyage loans on real eatuto, Levenuo stan} Teal eatato. Dank ‘and Doposit eccount, including fi ‘iron bad eaten, + 7 vaull 740,075.03 148,136.95, 335,860,12 955,121,05 424.73 03 ‘$ 919,720.78 $1,020,339,50 +se48 200,000,00 100,000.00 74S $1,020,339,50 ‘Tho officors are: Dresvient—The Hon, Joun O, Haines, Vice-President—Jared Gage, Cashfer—Charlea J, Haines. Ataitant Cashter—Georgo BM, Gage, Directors—Tho Hon, doun C. Maines, Jared Gage, Henry H. Shufelut, Frank B. Tobey, and Judge L. 8. janis. Of tho Directors, itis s noteworthy fact that all are Clicago men, who havo resided boro mauy years. Mr. Gago, Judge Williams, and Mr. Hainea have livod iu Chicago for forty yeara ormore, Bir, Shufaldt bas made Chicago bis bome fora quartor of a contary at loast, and Mr. ‘Tabey very nearly as long, It is tothoue gen- tlomen that Clileago owes one of the most colo- brated savings institutions in tho country, free from tho evila of minor iastitutionr, and exort- ing @ benoticent antagonism to the thousand temptations witch till the poor-houses and dou- blo tho expenses of Governmont. * ‘The Safe Depoxit Dopartmont, of which men- tion bas been inade in connection with tho vaults, is one which has an oqual interest for all cinssrs of poopic, The eagerly-ourious can find horo material for constant study, while that moro prolltable. fragment of socloty who recognize in ho huge massos of masoury aud metal the boars eat approsvh to absolute security inan earth whore moth snd rust corrupt and thieves con- trive to violate tho oighth commandmont, it is something more important. Imagine maua of material, chowen with scientific accuracy, wo welded togetuer that wore an earthquake or an explosion of enormous power to bring the whole building in ruln to the fround, the vanits would romain unbroken, and, if blown from thel foundations, would aes STILL UE NCPENETRABLE. Buch is the condition of the Fidolity vaults, and wach the detisuco thoy give the word. Provious to the Grest Piro but ono set of vaults wag in nee. Thors ware throo of thom in the basement of the building, constructed, ao- Sordiug to the mout scientific mothods of ma- wonry, 2 feet thick, inlaid with altornate lay- ers of fron and ateol, to be ecoure from fire aud the devilish inventions of professional burglara. ‘In tho main vault, somo 18 foat wide, wero stored il the valuables on depogit, A umall one ia the rear of thia waa not fitted up. ‘Tho businous of ‘the Depository did not warrant it, Oo that night of fame, te, pole cecupans oF the bullding who 8 ti jtodias had been driven from ihwan ee ie ony = THR DOG FIDO, The poor animal, « canine Casablanca driven by the flames from one place to anotuer, took refnge in the basement of the building.’ ‘The maty vault waa locked, but Fido found the other under the atairwuy, and, lighted by the glare sbove, made his way into it. ‘There, threes days after, when the masa of dobria bad been re- moved, he was found, balf-atarved and thirstily quafilng the steam from the hose (?)}, but not a bair upon bim was injured by hest.” Fido's ox- Perience waa scarcely heroic, but, like many an Scoldental hero upon whom greatness ia thrust, be meta very handsome reward. He haw since been boarded with several custodians at ¢! of @8 @ month, whilo bls shaggy head | toand, reproduced in bronze, upon the largest and napest vault and the door-hendles tlnce The tncreasing bosiness of the Depository since the sre uecesutated the oxtenvion, of ‘Yoult facilities, and the bank has since increased the total number to twelve, varylug in size from 6 foot wquare to 20x60 fost, In order to get the Foom necssvery, the solid fire-wall 80 inches in Nees was cui to admit a door leading from old Geparimens to that under ¢! To Sentre of this space are built two. alte holding valuable ua depodlh yy ate gomo 18230 font exch, ant adjoin ono another. They aro buitt of tho bes ality of fire-brick ind in coment, with doora at cach end of fabulous thickness = And — finish. During the day the doora are — left opon, and gratings protect them from any posrilio Intruder. ‘The object {a to allow the clieutation of air inside. A clover contrivance Ix teod to koop out varmin, for a depository must needa bo safoovon against the lessor beasts of prov an wellan burglara. Nocthof those vaullx, behind them, tas culumn of threo emailer vaults, oqual- ly secure in construction. In this department the bulkier property, not to be called for ofton, in placed, = Returning from thers strong euardiana of roperty, one feos the olovator teed for loxoring fey articlos from tho sidewalk above, and thet, alter passing outinto tho old department, the marpive doors swing slowly round, and the placo iw auain hetmoticaily aenled, Standing in front of the “sliver vault” above roforred to, which In in tho baeoment and undorlios two othors, ono ig struck with ‘THE IMMENSITY OF ITA RTRENOTH. Tho ponderous appearance doca vot alone in- dicato ity realating power. It ia observable in the ingenious contrivances for foiling the aimost oqual Ingenuity of burglars. Mane is not always atrongth; knowledge us. Both aro in combiua- tion hero. ‘The visitor, If thas favored poraon Is allowed a thorough inapection of the premises, has by thia time acquired a tate for tho marvelous, and that tanto {a gratified by an oxamination of the origial treasnro-vault built for monoy and papora beforo tho firo. With a just pride in the Tostatiug powor of the building, the managoment of the bank hae rofinined from ronowing the paint oo its vestibule dour, This was seorchod a little in ite exporicves of the Great Fire, but ooly onough to make it Interesting. Tho inner or actual vault door was not oven warmed. To roach the interior of this vault it requires tho efforts of four men. ‘Tho first door, wolghing 4 tons, and Sinches thick, cat bo opeu- ed only by the co-operation of threa men} ‘'ho avcrot of tho Innorduor in iu possession of o fourth. Onco in, and ono fs ahut out from the outer world by' uoarly 3 foot of maronry— fire-brick laid in comout—and 3 iuchos of burg- Jar metal, At ona ond of tho vault ta a mas- aiyo safo, containing three compartments, ro- minaing one very atrongly of thos extraordina- ry Chineso puzzies with ivory balla containing til smallor ones, themsolvea contained in oth- ere. ‘On oither sido of this yanlt are arranged tho boxos rented by holders, each furnished with a koy, ‘Thexe boxes sre of varions sizes, and aro rented at from $10 to $30. ‘Tho precautions uexd to protect the Company from imposition by holders are minute, A holder, bofore he ts fur- niabed with a kev, is obliged to bring sufficient guaranteos of respogtabilicy. eis taken tu tho oflico, where iis overy charactoitstic is noted down, anda pen and ink whotograph of him entered i the books, Juss ss though ho applied for apoxsport. Io is furnished with a pave word, and munt always givo it before he can be admitted. Each box has its password on woll a8 ite key inthis vault, and evon then too much confidence must not be placed in the holder. Ho is allowed access to bis box aa often av he likes, but he can only enter tho vault in com- pany with a custodian; nor jv ho allowed to ex- amine bis property thors, Ho must tako it out. Little private rooms, geven in number, fur- nished with lock and koy inside, are provided for bim to inapect his pavord unmolosted. Whenho wishes to replace hia proporty,—bonds, cortifl- cates of sny kinds, notes, mortzages, aletracta, insuranco policies, diamonds, currency, bullion, —whatover itis, he is escorted back to tho vault, allowod to lock ite box and depart, When tho death of a box-holder occurs, bis box iy immo- diately soaled up, and left for tho oxccuturs to pen. Intricate, substantis!, perfectas fs tho arrange- mont of this vault, tho Jargest aud most remarl- able ia ono built rluco the groat tire, It would seem a8 though tho other laft uo chanco for im- provemont, buthore it iv, At vach oud aro two Inasaive doors, one of tho veatibute, the othor of tho vault ituelf, ‘Tho outer dovis, 6 inchos thick, fitted with tongnos, grooves and offuets to render tho ineortion of anything aa coarse AB A hair impossible, aud that for only a quarter of ap imels, aro resplendent in polished bolts, and intricate with a mass of motai which only a pro- fessional could onuerstand trom the most accu- tate descriptiou. Doors at each end are necos- wary in cayo of accident—tho sudden fucapacity of ono of the four men holding tho four uoces- sary combinationa to uolock it, or a posuiblo ox- pansion of the metals, or anything to prevent the doors opouing—aud they gt THE ADDITIONAL ADVANTAGE of adonublo point of view through tho vault by day, ‘Ihe imterior of this repository 16 lined BIg Inches decp with ulx alterunto layors of iron and atccl, in addition to tho masonry. Steal dofica the most perfect instruments for drilling ; the iron protects it againstcoucursion, Thatwo sro locked together by conical bolta, and proteot= od frpin the pousibilityof injury by fire by means of masonry—tiire-brick and cemeut. Tho boxes in this vault aro of two or threo sizes, the Inrgout 12x14 inchos, Bome are locked with com- Dinations, others with scuttheane, ‘be custo- dian of tho vault can and does lock up the key- hole, and thue balk a bogus holder, should such i porsou by any possibility avado tho vigilanco of tho othor guardians of the treasure, During the panic thistvault and tho one last descrivod, wero filled with mouoy, How much will never be known. Cortain it is thet two adjoining boxee alone held $4,000,000 cash! Thero are in theso two vaults already 2,500 bores, and room in thow, together with anothor vault above, for 4,000 tn all, There would ssem to bo no onrthly necossity fof more vigilance yet, but tho managers insist upon it, Tho arravgements for watching tha deporitory at uight aro minute und cotnprehen- sive. ‘Two tulegraph fustrumente, alternately used overy quarter of an hour, convoy btenals to headquartors that the two night watchmun -aro doiug tholr duty. If the sigual docs not como, inatant inquiry is mado by a specis! messonger, ‘The vaults are closed at 6 o'clock. ‘Thou ona night watchman comes, ‘Tho bank is then cloved, when the night watchman, ove custodian, aud ‘tho janitor are left ia charge, At G o'clock tho other night watch- man arriyes, relicving tho two Matter. At 6 in tho morning a day watchman and janitor reliove one ulght watchman, aad at 6:30 one pus todlan relioves the othor bight watchman, {eay- dng the place in the hands of a custodian, day watchman, and janitor. Thotwo othor custodians arrivo at 8.and 8:90 respectively, take pouseesion and opon the vaults, by which time some of the ofticers of the bank are on hand, ‘THE DISCIPLINE of the depository, it will be secon, Js almost as romarkable ay the mochanical ingoruity and ox- uctness of tho material part of it, One hay little idea how wondorful tho perfoctlon ia, excapt from s careful viow of it. Porhaps the moat batiufactory teat of all ia to holda box. oe THE STATE SAVINGS INSTITUTION, Within » contury the material prosperity of all clagecs in tho civilized world haa incroasod won- dorfully, but no claga as mado such strides on tho road to certaln indopendouce as the winnora of broad, tho laborer and tho artisan. Contrast their social, moral, and intellectual condition of to-day with thoir standing iu ke regard a hun- dred yeara ago, and there ia found a vast im- provement, Then thoy lived from hand to mouth. Now, genorally speaking, thoy havo somothing laid by for arainy day. Thon thoy were in a condition bordering on sorfdom, Now they are freemen in the broadest sense of that happy word. ‘Then, beyond the knowledge of their craft, they wero sunk in ignorance, Now, they have at loast the rudiments of education, which enablo them to think for thomselvoa, Then, thoy were addicted to the sad vice of in- temperance, Now, the drunkard is the excop- tion. Something of this mighty chango is duo to the more liboral and humane spirit which bas been {infused inta evon monarchical govern- monte; eomething, too, to the coavelasa efforts of moral teachers both in and out of the pulpit but the potent factor in thi social zevorauli a rhetlts rate = iw sie foundation of prouperity. Proe} roperly employed, leads to’ onlighteumeat, Tiptoment, happiness. ‘Tho pooreat laborer has tearued that by @ proper husbanding of oven his small wages it is poawiole to put bim and hie beyoud tho reach of ponury, and with thia knowledge Lave come sconomy and prudence in the use of his little in- come, Year by year ho has laid something by. It aconmaulatod something of intorout, and in his age bo has the gratification of dwolling undor his own roof, bumble though it be, of sooing his children benetitod by an education which was denled him, and of knowing that when hots gous Leal Joave thom toa botter lot In the world oh wee, Tho ostublishment of savings banks was a Arend idea, as beneficent as it was useful; for to savings banks are duo the encouragoment, foatering, and promotion of this spirit of thrift which has worked guch moral and material benefit to modern mauking, Without tho ald which they bave affordod, a groat in- contlve to oconomy would Lave been iout. ‘To use w familier illustration, they have provided the piace for tho uest-egg, and the producer him- wolf ia astonished at she result of the additions which he bas made to that beginning, He has dean filling and feathering the nest, practicall: bis own, wiuou aprovident bank bar wovines foe bia nas Ho been accumulatio bat lortaerty be acasierdd aod be Mads rules of arithinctic, addition and mnltiplicat: havo a new significance for bitu—they aro mak- ing him & capitalist. THE THEONY OF SAVINGS BANKS in ximpta cnough for the comprohension of the dullont depositor, A buay community in wlll improvements are constantly goin forward ie alwaya in need of moncy, Jt must borrow. The security which it offern is omplo, In the caro of Individuals, it may be a mortgage upon real estate which it is dosired to improve. In tho caao of munlcipalition lke Chicago, or other governmonta, like Cook County and Illinois, it may bo official honda tacked by tho property and tho good faith of such municipality or govorn- ment, 8 long ae the security [a ampla tt makes hittle difference what shape itinin, Pho borrow. er ia ablo and willing to pay ® npecified ainount ‘of interoat. If every man wero hia awn banker, auch borrowing, while not wholly itopracticablo, conld not be possibin to tho extent which tho hoods of a buriness community render impera- tivo. Banka sorve to concentrate capital, aud thore worthy borrowers will find the autos they need. Savinge banka perform » donblo service, Thay boriow in small nummy, Jorn in Jarger, Tho difference botwean the intorost thoy pay and the interont thoy re- ceive gives thom # margin from which the ex- penece of tho institution aro paid, leaving a sain arger or smaller, according to tha Huccess of the Dank, to Le divided a4 profits among the stock- holders, 1t is a purely buemess proceeding 5 but it is attended with Buch beneficent rerults in every direction aa to bo fairly cutitled tu be ealled philanthropic, For tho depositor there ia convantenco, safety, profit. In bis own custody hia money would bo to danger of loss or thoft or his own rmprovidence. Iv would bo inert, neither enining lin anvthing, or being of rorvico tu any one clue, Hila weavings, added to thone of thounands of othors in aaafo and common re- Ponitory, creates a mighty volume of mouoy, which, loaned again, keeps in circulation to tho immenso ber otit of the industry, commerce, and woalth of the community. Toro is, therefore, a benofit all round.—a benefit to the depositor, the borrower, and the banker, THK ATATY SAVINGS INSTITUTION, With sufficient capital oa which to commence operations and guaranteo good faith, with wine and prudent management, and even moderate custom, aavings banka aro anccessful in their operations, and aro of vast Hervico in the com- munsty. Chicago points with pride to the Stato Savings Iuatitution, It is tho leading bank of ite kind tn the West, and who can calculate the ood it has done in tho eightoon years of its cn- tablisbmont ? Statistics of its business ore tn- deod in oxistence, but its moral work, not tho purpose but the corlaia accompaniment of its mission, iy not written in books of record, aud whocan say Low many men it saved from im- paerament, how many women from misery, ow many children from untimely graves ? Who can eatiinate bow many indnetrios it hag saved from ram, how many bueinel jones at hay aided in tho hour of (heir soroat nead? It in possible to avcortain the number of depositors tho bank bas had, Lut how mearuro the sunshine which it bas been the means of admitting into mal darkened home? ‘Tho history of the State Savings Institution is full of abrorbing interest. It haa pushed for- ward no stosdily from modoat beginnings to ite prosent proud placo, it haa outndden wo many financial etorms, it has been wo hike the ralaman- dar tried in fire. it has been ably managed, and it has been tho trovauro-houne of so many of onr peuple, that it snd its recurd seem hke something to which we mivbt loy claim an uoar ond dear tous. Itis, snide from its technical name, a local institution, The meavure of its prosperity bas marked tho city’s increase in pop- ulation and wealth. Let us GLANCE BACK AT ITH HISTORY, It was opened with moderate but auflicient capitnl, and suttiicioutly modorate expectations, in 1857. Every ola citizen romemberw its loca- tion in Mathodist Church Mock ou Washington utreet, just rourd the corner from Clark, It was something novel for Chicago, for it waa the firat yenture in that branch of banking whieh the Gardon City had seen, and has, among ita othor distinctions of to-das, the hovor of buiug tho oldost anvings bank inthocity. Tho doposits were not farge at firnt, but bave steady increar- ed, for the people's contidonce its the ivstitution has been proudly merited un many grave occasions, First camo the run of 4861, followed in ther order by thono of "G3, '64, ‘G3, '73, aud the post- tire daia of "71, At all tliono periods public confidence was shaken in banks generally, and depositura Were eager to get their credi:s into their own clutch, Like all aavings banks, tho State provided in {ts by-laws for what 1s known an tho sixty-day rulo, a requirement that, if tho officotn of the bank see fit, depositors shall give io writing police for the nnimber of days men- tioned of their intention to withdraw thoi da- posite, or auy part of them, Kuowing thor- oughly its resources, the olticors of the bank fearad no rung. Tuoy might inconvenience, but they could not break, the bank, and throngh all thevo trytng times novor once did they call for the enforerment of the role, More then this, they facilitated tho offaita of depositors to withdraw, xoing to the expense of additional clorieal hulp to attain this end, and keoping open their doors from dawn through davlizbt, and deop into tho gloamivg. In tho facoof such coniidenco os this unon tho pait of tho officors of tho bank, do- pouttors became ronssured, and in each cage tho Tung were of short duration. It was a noble record in each instance, but it way during tho gloumy days which followed upon tho great fro of I8iithat the humanity aud spirit of the bank's officers shone niost courpicuousiy, They wore days of divastor, doubt, despair. ‘Tho poor suffered with tho rich, the rich with the poor, ‘The fire which bad dostroyed ulmogt everything did not wpara the bank-Look of tho savings du= positor. Hero was an opportunity for the Btato, If it woro so dinpused, to stavo off applicaute by demanding the produetion of their evidences of dopoult, but it resorted to no buch plen, It had shared in tho common loss. iow badly it wan wmitton it then hardiy know, but it did not propose to gain timo for ldoking into ita affairs by prolonging the wuffering of the claim- aute upon it, and ivetantly, aud with a gonero: which 1s romembered to thia day, took tho chances of being defrawied, and paid each appli- cant, on hig own sszortion of idoutity na a de- poritor, the sum of $20. A few days after, tt adopted the pian of paying every depositor who applied, in full, on preentation of his or her book, Thus tho bank aided, instead of impeded, its customers, and thus it continued the record whicll up to that time it had made,—a record it atill makes, and a record which, while the proa- ont admirable mauagomont Inste, it must always make, the cocord, usmely, of paying promptly one hundred conts on the dollar. INCREABE OF BUSINPAS. Since the dato of tho Stale's extablishment its Duvinoss has, a8 hag becn said, locronsed year by year, until now it hay the largest dopomt of auy bavings bank in tho West. In 1860 tho deporits amounted to $150,000, in 18¢5 to #700,000, and in 1870 to €2,000,000, ‘To-day. thoy have reached the mamtnoth proportions of $3,835,000, Through all these years tho business in the aggregate lins beon colossal, wince is has had deulinge with over a hundred thousand persone, and bandied in grows betwoen $40,000,000 and $50,000,000. Tho present flvancial condition of the inntitution is abundantly tlluatrated by its seventy-firut quar- terly statement, mado at the closo of business on hte 30 of the current yoor, In full, it 18 as follows: BrAOUNCES, Mort;rage loans on real ‘Time loans ov collatora) Demand loane on collate Baitey titatoe bends, Due depositors, Capital stock, Surplus faud, 00, 000,00 Undivided prod ‘gyu2UAnD $1,437,103, Thoro ies fascination about statistics in this Uno whlch Jonde an interest to figures that dovs not attach goucratly, and wo are wevor weary of learulog freuh details of the bueiness. Pureu- ing our inquiries, we find that the books of the bank ubow that ft bas 74,000 depositors, with an avorage credit to each of $271, which is rogarded asa very largo sum for 9 Western bank. The dopositors represent trades aud occupationy of more than 300 different kinds. Is iv not the Yeborer nor tho artisan alone who finds it con- veujent and profitable toheep a vavinus account. The dzayman's account may be oponed on tho sane page with the clorgyman's, tho lawyer'a with the hod-carrier's, the hackman's with the Justice's of the Peace,—morchanta, bankers, bailiffs, every occupation which w kuown, ia rej resented on the books of thiv inetitution, and among the depouitors are numbered persons of thirty-nine ditferent nationalities, A Goop reatuRE. ‘The State Savingw, as haw been seen, has & canh capital of €500,000, and sssate of $4,000,000. It has boon seen alao’ that it is the oldest and Jargest institution in the Northwest. Let ua aco now what it undertakes to do, It receives money on deposit, for which it paye U per cent intoreut, compounded semi-agonally, ‘That ta ile maiu purpose as regards the depositor, though it also loaves bim, freo of commismons, moans for the purchasing or Improving of a howe- stead. This ts an important feature of the business of the Btate Bavings, for is auables to obtain small same by Heretofore, laborere and able, withe ont Infinite diMenity, and no little cont, to bor- raw £400 of £400 of suck ermal Aums to improve tho litle pieco of ground they rosy bare teen fo fortunate as to socure,—but the State has ren~ dered this possible not only but easy, by the adoption of the policy of loaning to doposttors. The bank pays such cuntomners G per cent on their deposits, charges thom 10 per cent for thoir loan, which, practically, is giving thom the monoy at4 per cont, and, substantially, making theta for tha time members of the inetitution, It has two excellant by-laws. Ono provides that the money that may be due upon scconnte shall be payablo only to the depositor, or bis or her hoirs, devisoes, of narignees, except a4 to endowmente of miner children, monoy deposited by order of court, and other special cases. Another secures to married women and minors contre of the depnaite in their own namo, & pravieron which bas worked great benoft vo that slags Of peraons, sud for obvious reasons. THE OFFICERS. Tho institution is peculiarly fortunate fn the high character of the mon who are ite atockbold= ers, and tho ability of the men intrusted with its tuanagemont. Amoug the former ore euch mon as Honert Havard and John Quincy Adame, of Now York. Tbe Trueteoa are; Williary 1, Turner, D.8 Healthy Desid D, Spencer, BD, Guild, CG. Bulkley, Daulel Guodwin, Je, Tho oflicers are: DD, Sreucer, Prenident. Dr D4. Smith, Vice-President, A.D. Gatid, Cashier, C.G, Mulkiny, Annistant Cahier, ‘Tho names of its Trustees aud oficors are guar- Anteta tot alone af the respectability and re- wponsibilizy of the ioutitution, but of the cor- tainty of its succesa. ITS BUILDING. The State Savings Institution was originally Jocated, it has been montioned, in Mesuodint Church Plock, In 1865 it waa removed to its own buikling on La8allo etrest, etanding, aotil the great fire of °71 loveled it, on the mito of its present elegant structure, Nos, 60 and $2 It was rebuilt in 1872, aud rece cupiod in tho fall of 1873, It is a perfect and besutifal structure, admirably adapted by its solidity and its flre-proof con- siruchon for the enfo-keeping of tho treasure which !104 within ite walls. It in 462100 feet in dimensions, four stores in bight, cont €130,000, tnd {4 ono of the movt gubstantial as it i ono of the finest of Chicago's many ciogaut build- Inge, ‘Tho groatest cara wae exorcined in the acloction of the material. I'he construction want forward under tha daily suporvision of olticers of the bauk, and tho result is a pertect building. It ie boautifully fitted, and is supplied with burglar-proof ‘vaults of imines rtrength. Thewa may be used by depositors treo of charge ag a placa of aafety for vatuatle payors. A NEW FEATCRE, The Directora aro now constructing a series of auperb burglar and fire-prouf vaults for * De- pository " purposcs. All the #kill aud orperience which bas been attained in thin pecuitar kind of voult-making will bo brought to bear, and the uew Dopostory is curtain to be one of the mou complste affairs of its kind in the counter, Allin all, the Stato Savings ix, as bas bean al- roady auwertod, a grand *' institution" of the city. > THE MERCHANTS’, FAR MERS’, AND ME- CHANICS', Thia bank, located at No. 75 Clark street, ie one of the oldest savings banks in Chicago, having beon eetablished fourteen years. Ite standing is of the very beat, and its repnta- tion amovg banka, as woll as the roputae tion of its officers among financiors, bag always boon first-clasy, Isu general busmovs ia like that of asl:nost all wavinge banks, every depositor being securod to tho full extent of hia deposit, aud overy dollar drawing interest at the ubusl rate per annum. In regard to thoir bank wo cannot do bottor than quote the following candid editorial from The Safeguard, tho only oxpectal organ of savings banks in tho United States, edited by Emerson W. Keyes, for many years Suporintondont of tha Savings Bank Doypartmout of the State of Now York, and author ‘of “Tho History of Savings Bank: The edi- torial is an follows : ALWAYS &.HIVING YOR IMPROVEMENT. “There aro people in the world who can never bo content with tho porformauce of tha common and orderly routine of thoir avocation, meeting the reazonable expectations of employ- ora aud patrons by the proper and faithful dis- charge of the dutios prevented to them to por form. ‘They are those who are alwayn studying and dovieing ways iu which to enlarge the epbere of their activity, influence, and uscfuloess, thus making the most of themeclyes and of their position or department of activity by bringing thot into now relations, ana to the discharge of new ond advanced funetious in tho social econo- my. Buch on institution is the Morchanty’, Farmers’, and Mechanics’ Savings Bank of Coi- cago. Tho above institution offered a prize of €1,000 for tho best plan of two approximately fire-proof buildings, ay follows: ***One building shall be a dwelling-hoase, not to bo loss than 18 tect front, with five roozs, aud shall contain not lous than 5,500 cublo feat; of which s complete building, as per plans, must be orocted, at expense of the bank, by the succese- ful compotitor ; alao a butding of not fess than four roots, for dwelling, with store on ground floor, of a cubic capacity of not lesa than 40,000 cubio feat, subject to the same requiroments a tho foregulng, ‘Tho succesetul compotitor will bo required to erect, at prices epeciiied in his plane, one or fifty buildings, at option of the bank, auymhere within the corporate litaits of Chi- cago, The model orectod by the siccossful com- Ratitor xbull undorgo a thorough tcut ap to its fite-proof qualitics, and also as to the action of water upoo tho matorist whon heated. All damages reaulting from such test will bo at ox- pense of the successful competitor. ‘Tho main purpore of thia offer ia to socme ao approxi- mately fire-proof cottage; but, other thiugs being evon, preference will bo given to the bost arranged building in the mattor of svmuetry, conventence, voutilation, heating, sud drainage; and which—as tho purposo iy mainly for tho bonofit of employes—falls in price not above 1,000 when roady foroccupancy, Walks. fouces, and outhouses mast be included, aud must all be fira-proof, or approximately #0.’ “We might have expressed our doubts as to the possibility of securing what is bore required xt tho limited cost proposod, but forbear from the conviction that alr, Syduey Myers, the man- ayer, bas investigated the saiiject and is pro- tnnigating what is to bis mind s practical, and not a visionary, schemo, (Buildings have been erectcd upon the prizo plans, and sro offered for sale for house and lot at from $1,800 to 20,000, according to size and location, and tho fect bas been demonstrated that great confisgrations may in fnture be avolded by applying thie mode of cou- struction to buildings of all claszos, iucroasiog: costtoan amount not exceeding 10 per cent, ‘Tho tire tost will be announced in » fow days, tho public will be invited to witness it] Tho effort to bring substantial durablo houses within tho roach, matter of cost, of the humblest toiler, 16 praiseworthy, and {a one direotly in lino with tho tunotins of a uaviuge bank. If by aneh on effort the iuyontivo and ooustructive fucultios ehall be brouht to bear upon the quee- tion of cheap homes for the people, iu » practi- cal way, #0 a8 really to roduca tho coat of a Riven quality of dwalling, it may prove & stints to saving by making posnible au object tor which to save, now regerded a8 almost beyond the most sanguine bape of many. We do not assy that it iv the duty of saviuge baok: to go out of thoir way to promote objects of this nature, but we do say that, when ono flads it In hig way todo this sort of thing we are glad to commond the effort, and oarneatly hope it may be wuccegsful, not eal i inaugurating a plan of cheap homes, but puuring into the bank tho vavings with which thoy are to be procured, ANOTHER GOOD FEATUDE. ‘Another feature of the operations of this in~ stitution is the organization of an Joveatnent Lopartment, the working of whioh is a4 follows: A pordon pioy dopoalt in that dopartment $100, $600, $1,00U, or othor sum, and roceive therefor ® cortificate revembling a United States regu tered bond, which certificate may be registered or to bearer, at the option of the depositor. ‘Thin cortiticate acknowledges the receipt of the dopoait, and promises to pay thereon in- tervat quarterly, at tho rato of 78-10 por cout por annum, For exch $140,000 of such cortli- catos insued by the bank, there ix placed in the hands of, that ta transferred to, a truutee not Jona than $100,000 of mortgages owned by the bank, upon property which, with improvements, ta valued at not Lewy thau #30U,000, thus giving & socurity oqual to €3 for #1. No certificates are issued without being oounteraigned by this trusteo, who holdy in bia Lands the securities pledged for their redemption. Thie gives to wall investors of $100 of $500 practical real- estate for thoir money, “hove certificates may be held perpetually, there being uo right reserved on part of bavk to call them in sod pay them off. On the other hand, the holders may, at any time, de maud thelr redemption, but [f thas redemption ig requi in ourreuoy, end there are vo funds in the bands of tho trustoo arising from tho col- loction oF paymout of the mortgages bald by hina, the investor must wait vill, by the collec- tion oF Pamens of such mostengve) fe funds wide ry Ho may, however, demand in+ of currency the transfor to himaaif of e+ ouritios in equa) amoans to his open rly to that au tin practicabl6 to make them, tho bank or himpelf paying any differ- ence in currency. Without stating other de- tails, the above ia aufficient to give a genoral ides of the plau. THR ADVANTAGE. “The advantage to tho investor or deporitor In that he gete a bighor rate of interest than hie could upon a deposit woich he might demand at. any time, together with the best of rocurity. Uommonly an unquestionet security, run- ning ao jong time, can be placed at a lower rate of interest thao if ruuning but » snort time, Tha reason of thisis well undoratood hy all financiers, Bul here wo have s porpotual ao- curity of tho first class, paying an excoptionally high rato of intercet because of tho immunity which tho debtor enjoys from hability to make payraont in currency upon demand, or at any xed period. Such cortificates, resting npow yuck gecurity, ought to become very popular, and whora the facta and tho inatitution aud ite officers and Directors are known, would readily command their faco in the marxot, eo that prac- tically they would nover ba progonted for re demption, * Of conrse, the advantage to the bank, In thin form of deposit, ia, that itis exompt from all liability to ruaa in ‘time of goneral or apocial panic. It does not lave to keep any money on hand bearing no interest, or in bank bearing less Interest than it payy, to mect those cortificates, 'Tuey are redonmablo in curroncy onlv at the op- tion’ of the bank, or from money recoived au the roceeda of ite securities after demand is mado, ut in the securitics thomaolves, tho holder of certificates to @ certain amount may domand redemption at any time. It is aa though in the midst of the panic, a year ago, a bank could havo said toa depositor who wanted hia $500, ‘Here ina mortgage for 50) into wbich ‘we put your monoy ; take this and discharge our obligation.’ But we need not divoll up sn the practical bearings of tho mchomo, which are wuficiently obvious. We only suggest that many aro beginning to ook with more or less of ap- prohevaion upon the accumulated deposits in navings banks, all payable on demand accord- ing to the commou understanding, cortaiuly payable upon very short notice, while the secur- ition held to offset thia lability aro redesmablo all the way from one to thirty years honce. "Tt is gratifying to see a wavings bank man- ager fooking in new directions for tho means of averting the evils inseparable from a panic or run, whetbor that evil comes inthe fornt of a sacrifice of securities, or the leas objectiounble, but still objectionable, fori of as rofusal to pay in the usual manuer, or without natice, “We know of savings bank ofiicers in this city who have given much thought to this subject, aud thoy will see from the above that others also are thiukiog upon it, and, under less rortricted powers than ate couforred ero, are giving to thoir thoughts practical form aud ombodiment. Bpecimons of these certificates can be sven at our oltice."” ; ‘The above article, coming as it does from so high ao authority, is to Le regarded as bighiy complimantary to tha managowont of the back. ‘Tho paper w one which in tegarded o8 an su- thority in banking circles, and whore savings institutions are moro oumoroua than they are here, boss large circulation. Its sentiments alousd be unduretood in all parts of the coun- try, for the bank and ite manager, Mr. Bydocy Myors, have # national reputation. ———— THE CCMMERCIAL LOAN COMPANY SAV- * INCS BANK, Rogarding ravings bauks solelyinrespect to the | accommodation they afford the public, Tho Com- morcial Loan Company Savings Bank is ectitled to be considered one of the mont accommodating of the Chicago savings banks, uot only as to tho favors extended depositors, but alan in tho lo- cation of the main bauk and ite branch in sec- tiona of the citythe most populous, and yet which would otherwise be deprived of the con- venience of abank, The mn bank. located in ths handsome firu-prouf steno building on tho northwest cornor of North Clark aud Hich- igan streots, 18 the only bank of any do- soription in tho North Division of Chicago— a territory that contains nearly 10,000 people; while tho branch located in the substaatial stove wtructuro No. 126 Archer avouue, corner of Twooty-vecond strect, iv the oniy -bank of any kind in tho South Division of the city outaide of the businows ceutro,—a district fully as populous aa the North Division. Both of these districts are inhabited by thousands whose busiuess seldum or never calls thom to the heart of tho city. They are largely thrifty, frugal laboring men, who, pr the establishment of a savings bavk in their midst, have become encouraged iu economy and taught to eave. TUE HISTORY OF THIS COMPANT during the past decade, while Chicagu bas been overmbelmed with pantes, tires, and general dia agiwr, would make a handsome chaper in bie tory of the struggies and successes of Chicago's financial institutions, should one ever bo writ- ten. The chilling winds of misfortune and the hot’ breath of conflagration bavo blown upon thin bank, but it has withstood thom all, and the depositors lave baev protected. ‘The Commercial wus incorporated by the Leg- faluture of tho Stato of Ithnow Fob. 19, 1959. Tts charter ia perpotusl, and, while it place all tho neodfal rostrictions on the mauagoment of the bank, tt at tho sanio tins yives all the neces sary powers and priviloges for the prosecution of a successful buvincss. ‘The bank commenced businesa in Chicago in 1809. Ita history siuco that time hag boon « gradual, onward progress of success, ite deposits continusily iucreasing, and the business of the institution oxpandiug and en- larging. ‘THE OREAT rine of 1871 found it at the height of prospority. Ite building wai ewept oway, Lut its vaults proe- worved their contents, It bas always been a part of tho policy of the officers to keop a large cash reserve for emorgencies, aud to so secure the fnds of the bans that they can be realized on at short notice. The sounduess of this policy ‘waa touted aud demonstrated by the Great Fire; for no sooner had the dobris cooled suilicioatly to allow tho yaulis to be opened than the Com- marcia! was rosdy to meot the domauds of its burut-out dopositors, ‘The noxt day after the Great Fire tho bauk purchased the marblu-frout building No, 120 Archor avenue, andcommueuced paying its dopoeltors in fult ou demaod. ‘Au woon as tho umoke had cleared avay sufli- diontly, and tho ruins bud cvoled. tho bank leased the northwest corner of North Clark and Michigan etroote for twenty years, and at onco comnienoed the sroction of the beautiful tire- roof stone building at present occupied by the uk. Both thie building and tho one on Archor ayonue have massivo firo-proof vaulte, built in tho most perfect and substantial manner possi- ble, tho walls being 80 incuoa in thickness, an the inside provided with a substantial lining of boilor iron and atoel. These inclone masyive burglar and firo-proof wafea of tho best Amori~ can manufacture. The oponing of the vaults requires the united asalstauce of threo men, as the combination of the lock ls apportioned among that number, uo one person, except tho mana- ger, having the full knowlodge theroot. ‘TUE PANIC had no other effect on tho Commercial than to intluence depositors to bold back there deposits. fora while, ‘Tho bank was in condition to meet every demand upon it, but, in conjunction with all the othor savings banks of tho city, it agreed to saforce the gizty-day rulo tn order to provunt rune on any of the city bauke, which, had one occurred, would bave becu more or jess injuri- ous to the aavings-bauk interest in the city, ‘Lio amount that wae withdraw from thu bank on acouunt of the general panio that existed throughout the country was comparatively small, TUE OXNEUAL YEATURES OF THE COMMELCIAL aro the same ag of most of the other Chicago Bavings Banks, though in some particulars tho depositor tu particularly favored, Duposits of auy sum from 10 centy to 210,000 are received, and interest paid thereon semi-annually at the rato of 6 per cent per annum, free from Goveru- mont tax, aftor it shall Lave boon deposited ono or more full months. All intercss not drawn fe added to the principal of the depavitors on tho first days of January and July, aud draws inter- ‘est the samo as the principal, thus giving tho de- poultor the bonollt of compound tntereut. If the whote deposit 19 withdrawn befora the tirst daya of Juuvary or July, interest ia paid at the timo fur ali¢he full months the mousy baa bean on deposit. In this respect the Commercial dilfera from most other banks. ‘The Comaiercial conceded to dopoaltors the right ¢o draw uiterest from tho first day of any mouth, if the dupusit ia wade on of before tho 10th of that month, providing the sum remains on depouit threo months. Alarriod. women and minor children may deposit in their own names, eubject to thar own order, Do- positwoan be seus by express, bauk-draft, or poutal money-order, by peaplu lieing out of the city. All accounts are strictly cootldential, Vor the accommodation of workiug poople, the bank in kept open on Monday aud Batunds rereni o] from 6to8 o'clock. Dopouitors wlehing thelr faniiliea to draw money im their absence may loave their books and » written ordor with then, and can drew as they may bo in noed, wua the balacos can remain on dopouit, drawing tntercat, LOAN. In making loaos tho bank gives the proference to depositors, Thiv is of the utmost tmportanos to men of smal! moans, In fact, tho bauk makes a specialty of loaning to auch for the purpose of building, the b aking wocurity ou the lok and bulldog at cane t lesa than tho current rates, In cent serol-annu aaa to realige's laiger Luserea, the bank inne drawing 10 per cen higher rate o1 intereat aud ‘The Commorclal really stands in relation to the depovitor aa 8 guardian of «sacred trnat, and ia over on tho alert for tha advancement of bin in- terenta eo far ag that can be dono in a pate, leglt- imate way. TH” OFFICERS of tho bank are among the wealthtost and most prominent cuizena af Chicsgo. Mr. Tolmaa Leeler, the Prosident. fa on of the oldest tenidente of Chicago, and a gentleman of large wealth. Hobasbeenin the savings bank busi- ness Many years, aud yory naturally is well in- formed as to every feature of the subject, The maby excellent features af tho Commercial are due largely to Mr, Wheotcr, who has sought to put into practical oporation tho theores roaull- ing fiom many yeara of observation and ex-. periance in this line, Mr. M.D. Buchanan, the Vice-President, hag been twonty-one years in the banking Luainees, and ig as widely known in financial circles an any ono in Chicago, Woneod not may of onw who has been ao prominantly connected with the city baoks that his atanding je of the very beat. Tho Commercial Savings Bank owes no sniall share of its success and popularity to bis con- ection with it. Mr, Fred Meyer, the Canhior, has been with the bank wince it started. IIe in « faithful, wide-awake, and conscientious officer. Mr. W. H. Rood, the Secretary, has charge of the Archer ayenoa branch, Ho ina young man. but is watlinformed ou financial tonics. His connection with the bsok datos from tho day of its origin. The Trustees are Meners. Tolman Wheeler, Conrad Gebrke, William Knoke, Bacon Wheeler, M. D, Buchanan, Fred Mevor. William A. Ewing. Michael Schmitz, and William H. Rood. They are all men of wealth and of superior personal reputation. SECURITY, DEPOSITS. ETC. Tho chartor of the Commercial roquires acash capital uf £160,000 to secure the depositors, and the deporitors are additionally secured by the personal lianility of all tho stockboldore, Italuo requires tho fundy of the Inatitntion to be uo- cured by firet-clazs security. In thia respect wa can truly say that the cbar- ter reflects the neotimenta of te ollicors to a man. Caution bas ever beon the rile of action in the management of their private affairs, and, in applying the samo raje to the Savings Bank. thoy but tollow «course long marked ont and pureuod, The funds of the bank are almost en- tirely nocured by firat moitzaces on real extate worth double the atnount of the money secnrod. by tho moet spproved collaterals, and ty United Bintex, Cook Conuty. and other bonds. ‘The amount of money on deposit at the pros- ent time is about 7500.00), showing that ite busi- uesk {8 ono of the largest dono by the savings banks of Chicago. ‘The number of depositors is lerco, and cinbraces almost every trade aud pro- fesuion, from the hod-carrier and butcher to the lawyer, doctor, and clergyman, and nearly every nationality on the face of the globs is repro a . ‘The writor, aftor a carofal anrvey of thia bank and ita branch. ix impreseed with the belief that there 14 no soun‘lor or more slly-couductod say- iuge bank in Chicago. —— THE GERMAN SAVINGS BANK. This inatitution commenced business just five years ago—on tho Int day of August, 1870— under a special charter of the Legislaturo of tho State, pesaed in 1389, he provisions of ity charter differ from those of other savings banka in the city doing business with » gasrau- toed capital iu tho following essontial pointe: First—storkholdars are Uable to double the amount of their atock. Sceond—Tho capital stock of the benk, aa well an one-third of the deposits, miust Le kept either in Gov. erument Louds, bonds of the State of Iilluets, Cook County Londe, or Chicago Municipal bona, or coal, Third—The Bonk must fle with the Auditor of the Btate = dolled atatement auoualiy of tts condition, Fourth—The Lank {s subject to un examination by the Audstor of Biate at any time, FyW—The depositing of the Bank fa limited to ten times the amount of Ste capital aud surplus. During the first businees-day of tho Bunk fifty accounts were oyoued by depoxiturs. Sinco then. the customers of the bauk have steadily increas- ou. s0 that the oncrmous amount of from 15,000 to 16,000 accounts have been openod duriug the first yonr of its existence, On the Int of Jaunary, 1971, the bank hav ing been doing busmees fur tive mouths tha doposits tind already aggregated the handsome amount of £230,000, ‘Un tho 9th day of October, 1871,—tho day of the great tira— the deporits had reached tho euw of S662,UU0, After the tlre, tho rebuilding of Chicago gavo #0 much remuauerstive emplosiueut to the mechanics and workingmon, who selected tho Geraian Say- ings Bauk es the depository of thoir savin; that tho deposits ran up stoudily up to January, 1873, whon tho deposits had reacutd tho largo sum of over €1,5W,UU0, ‘Ybo bank then hold, besides a large amount in cash, $400,000 in ayail- able ponds ond about $1,000,00U in first mort- gages on Chicsyo real catate. a large proportion af which was Josnod to ity customers on the North side to onablo thou to robuild their homes aud places of bustmow. In Jannary, 1873, after tho failuro of tho Scatidinavian National Bank, au uneasiness rpread amovg tho new comors to Cnivaga, who bad probably tholr all depouited in the savings banks of the city. During this tuno tha Gennan Baviugs Bank bad & ruo which lasted five days, sud paid every dollar catled for ov demand, "Not ane of the old gottlora of Chicago who were acquainted with tho Manager of the bank provunted Limuclf at the counter to draw any inouey during thuso days, The general depression in manufacturing and morcantile circles wince 1873 bas forced mavy dapositors in this bank to fal! back upon their reserve in bank, wo that the deposits have eiaco then been couaiderably reduced. Tho pres- ent amount of doposits 16 $900,000, of which 505.000 is held in casi and available bonds, and %100,000 in- vested in timt mortgages upov Chicayo real oa tate. ‘the bauk has aiso $200,000 paid up capi- tal, and 620,000 surplus capital, ; ‘The bank is managed by the following-namod gontlomen as dirccturs : puleaty Greeneuaum, of Henry Greenbaum & Co,, tikerw, jf ‘Thouas Hoyne, of Hoyns, Horton & Moyne, attor meye. ; Charles Wirth, of Bock & Wirth, tobacco manufac- urers. Peter Schutller, of Puter Schuttler Wagon Manufac- tory. Teoderick Letz, capitaltat. Joseph Liebenstein, of J, Liebensteln & Oo,, whole sal merchants, B, G, Caultield, of Moore & Cauttield, attorneys, Shon Florabein, of Gimbel, Lindauer & Florvbetm, wholesulo merchanta, Henry N, Hart, of Hart Drothers, wholesale mer- chants, Jobu Herting, capitatiet, Ellas Gresnebaum, of Henry Greanebeum & Oo,, bankers. ‘A, Wise, Caabler of the Ban. James T, Moyne, Teltsr of the Bank. Tho German Savings Bauk dooa exclusively geavings business, ie not engaged in any com wercia! banking whstever, draws uo bila of @x- change either domestic or forrigy, aud loans its funds ouly against sbyolute mbsurity. ‘The bank does not covet a large businevs, tho rule of the Diroctors being tu dos safu busiuers, and manago tho savings of te dopowitors Loyond any possible contiugeucy of juss, aud te not ag liberal ag many others in tbo allowauce of interest. The bauk computes interout twice a year up to the tat of January and July on mon- eys then fu bank, provided (hat tho saine havo been on deposit for threo months provions. ‘The bavk also requires thirty days’ notico for the withdrawal of depouite, pavic or no panic; they bave but one rule the year around, rain or guuehine, During the pauio of 2873 notices for the withdrawal of upwarta of §500,000 woro gorvod on tho bank, and, at the ond of tho thirty days, the mouoy was paid promptly sud chevr- fully. Tho other banks gonorally took vixty days’ notice, Bo that, aba mattor of historical fact, tha German Savingw Hauk etood tho brant of the battle, and byits promptness in making pay- mente to depositors ab tho end of thirty days, the goneral fooling of distrust among savings depouitora waa allayod, aud many noticosalready giveu were caucelod by the depositors, Tho original object of the iucorporators of tho Gorman Saviogs Bank, a4 the name nupliey, was to create a xafo dopouitury for (ierman workingmen. ‘This principle has thus far been lived up to to such an extent that the bauk baw not yet advertised its busivess in the Hoxlish press of the city. Itis true, nevortholess, that among the depositors of the bank all nations! tow of bath soxeu are represunted. Tho Cor. man Savings Bank may bo wald to be the child of Mr. Henry Greenebaum, President, aud the Hou. ‘Thomas Hoyne, | Vico President, both of whom take tus deepest eivonal interest in ita sounduess aud prosper= hy. aud they are warmly backed by ate las Grocnebaum, Peter Schutter, Charlos Warth, John Hortiug, Frederick Letz, and the other metnbers of the Board uf Diroctory. ‘The por- tonal responsibility of the gentlemen connected with the bank tv very large. ‘uolr character sad atandiug are secuud to bone in the city, sud it tu therefore beyoud apy doubt that they will realize thew object io matuvalling: & este do- poaltory for tho savings of the people, —_——— the London eabmen are tobe found » joveruor of the Bank of England, an ‘exM, P., a late Fellow of » Cambridge College, soda ry mpo mas ane of the ret dents nm ts foaranle divorse cane Bosto on Amon, former. JESSE O. NORTON, Meeting of the Bar Association-~Resos lutions of Respect. Announcement of IIIs Death In the County Court, THE BAR ASSOCIATION, ‘The desth of the Ion, Jesse 0. Norton wae theeatwa of aepoctal meeting of the Chicago Bar Association seaterday, lo pres resolutions of reepect to his memory and of eondolation with his friends, and to take action in regard to attending the funeral servienn, There wore present Judges Trumbull, Gooklns, Dickey, Wilson, Gary, anit Doollt- {le and Messrs. D. L, shoroy, O, M, Harris, B. Fe Ayer, M. F, Tuley, J.P. Root, W. C, Goudy, Theodore Schiatz, and other prominent members of the Bar, 4h, B. F. AYER waselectod to presida, In taking the ebalr he spoke Uriefly of the event that had occasioned the meeting, aud pad a high tribute to the aliiitles and character of the deceasod, He had for many yoars, ho aald, occupied au bonorable and cunsplcngua position Among the members of the Bar, and the public men of the West, IIe had been for wereral yoars one of the mont reapected and influential members of the Chicago Bar, and tis death wae a serious lots to the profession and the community at inrge, Judge Norton, ho con~ tinued, was a gentivinan of great intelligence and ability, Ho had attained a bigh position asa lawyer by ive ability, learning, and oxperience, and by reason of his strict iutearity and high reputation for pare sonal honor, He was aman who won to Lim hosts of friends, inspiring, by » thousand good and noble qoalides, all who came jn Intercourse with him with sentiments of exteein and (rieudabip, The Ango~ ciation for there reasons, he sail, aliould take #0706 BO tow to indicate thelr apprecialion uf the lose which, they, an lawyera and private citizens, had sustained, Mr. Ayer thon announced that the funeral services sould be held at tho Isty renidence of the devearod, a6 Renwoud, at 9 o'clock thin morning. ‘The rermatom wuuld be'taken to Joliet for interment, « train leaving. ‘Those who on the Chicago & Alton Soad at 14 o'clock. dosirod to uccompany the remaine to thelr fi place would be accommodated with » apocial ‘On motion of Judge Doolitte, » committe consisting of Judges Dolittle and Dickoy, L, Shorey, Was appoluted to draft prover resolutions, SENATOR TRUMBOLL said he had known Judge Norton for many years, To knew hin first in Cougrens, where be reudered Import. apteerviow ta his country, He afterwards koew hin ax Judge of the Circuit Court, He bad known him, two, fu social and private relstious, In every positon iu tife that bo held bl charscter bad never beon sub- Ject ta the lightest reproach, It was the highest compliment to esy that in all hie various positivus he bad remutoed true to himself. Although perhaps not the t staterman or the bout lawyer, be was a safe councilor and s faithtul friend, Judge Doolittle then submitted the following : REAULUTIONS Hesoleed, That in the death of the Ion, Jexsa 0, Nor ton this Adabciatlou bus lost one of ite ablort and bent~ Loved metubers, and the State one of ils cheriaued and houored cltizebs, In his profession be was distiu- quisbud by ability, courtevy, and the highost sense of uonor and duty. "As aeltizen, a8 = metber of Con~ cross, us a puobo ollicer, he waa without fear, aud reproach, Aéavired, Taat thia Arrociation desire to express to tue family of tho deceased the deepest sympathy is shoir bervavenient, In preantiug tho resolution JUDGE DUOLITTLE alluded to Lila Intimate relutiuns with the deceased, both in Congreas aud oa anmoclates in the practice of the aw, aud paid a tender eulogy to bis memory. Judge Dickey also Kpoke with much foeling of the regard be had always entertalued for thw deceased, and aid that bie distinguishing trait wan bis great wnilability aud courtesy, both iu public apd private Life, rief oulogics were delivered by other members of the Bar present. ‘The resulutiona were then adopted, ‘On motion of Judge Trumbull 1t waa decided Lo at tenil the funeral fn 4 uody. ‘On miution, {t was reaulved to appoint members of the Avsuciativn to present the abovu resolutions to the Supreme Court of this Stale, thu Federal Courta, anc tus Cook County courts of record. ‘Tho Chalr deaiguated Judge Dickey to present them to the Supreme Court ; Judge Trimbull to the United Statex Circuit Caurt; Judge Duviittle ty the Circuit 5 D, I. Suorey to the Superior; aud J. P, Hoot to the County Courts of Covk County. ‘The Secretary was Instructed to procure badges of crupe for those who wouid attend the funeral, aud the nivetluy thon adjourned, IN THE COUNTY COURT. Bhortly after the County Court opened yeaterday moruing, Judge Dickcy called attention to the death of Judge Norton in the following terms ; ' I rive to perform a palnful duty. The Hon, Jerse O.. Norton,» member of the Byrof thivelty, and for * qany yeatan motnbor of the Bar of this tate, fe no more, Ho panued away Inat night, Judge Norton waa a mai wuom I bare known, and known intimately, for more than thirty years, aud whose character for true purity and rectitude I haye honored, Aa a member of our profeasiun, he bas for mauy years ocupiel oa high position, = For | many years Le was upon the bench, and administered juatica impartially and justly, and to the satisfaction of the Bar aud the public. Ife was a man who enjoyed ina high degree the confidence of his felluw-cltizens, His services wore uct Lumited to the duties of cue profess sjuu, Many years ago, when a resident at Jolist, be was honored with a eat'iu the House of Topresente- tives uf tha Congress of tho Untled States, and was again and agaln re-elected to that position, aud sarvod bis country acceptably and usefully, ‘As nolghbor atid & friend, few men havo poesod through auch along fife ag ho bas parsed through, with the confidence and affection of those who lniew Lim, to vo great u degree a2 Judgo Norton. idustelous, explored bia subjects ailigent) his judgments judiciously, and sit who kuew bint loved Lim,. If the friends of auy man who bas passed. away can say that be died without an snemy, the friends of Judge Norton may say it, It ts with prow found regret that I am required to make this sm= nouncoiment to-day and sak tho Court, with deference to the familly of doceased, ior an adjournment uniil to-morrow. ‘The Court—Thia announcement comes, perbaps, somewhat not uuexpretedly, owing ta the condition vf Judge Norton's hoalth for the invt few weeks ; but it ia all the same painful and aad, whether death comes suddenty or uy deutoce, In one circlo wo feel it, and eapoclally whon one is taken who waa near to usin ® social capacity, and with relations more than ordinari- ly close for members of the Bar, I have kuown Judge Norton since I wos quite w young mau—known hime leng thne by reputation, snd a goolly number of yoarm by social intercourso, I heartily 9p~ prove of the remarks thet have been made; they Ineet my most cordial aud elncery approbation 3 and out of deference to the character of the doceased aud, hla relations to the Bar and the public, avd out of re spect to bie now bereaved family, the ‘Cours will stand adjourned until to-morrow at 12 o'clock, In hot weather an attack of Diarrhes, or indeed any complalut of the bowels, rapidly esbauata the atrengtt, and rouders the necessity of prompt treatnrcnt | Perative : in all much eakoa Dr, Jayne's Carrutuati Balawin fa an effectual remedy, acting quickly and cure ing thoroughty, TAR WESTERN TRANSPORTATION. CO:S AND ANCHOR LINE STEAHERS Will Joave for above und intermediate ports, as follows 3 EMPINE STATE, Capt, Wright, Thursday, Aug. 5 ARIZONA, Capt, Hogg, Friday, Aug. & ONEIDA, ©: rake, Baturday, AUK. FOUNTAIN CITY, Capt, Gitaon, Tuceley, Aug, 10, JAPAN, Capt, McDougal, wit leave dock foot of North Labullo-at,, Wednesday, Auguet 1 For stuteroorms and pansage tiekets spply Clark-at, A, A. BASELE, Pestouy GOODRICH BTEA MEI. Milwaukes, and W ir Grand H. daly, hunday exceptod, Fur St, Joseph aud Bente excepted, ” FIRK OHANGES: —PIssOLU'TION. Tho firm of Krueger & Stroker hava this day dissolved partnership by mutual consent. Tho new firm will bo known as Otto Kruogor. Hither of the old firm is authorized to col- lect outstanding accounts. KRUEGER & STROKER. _ COPARIENERSILIIP. ‘The undersigued have this day formed» copartnere ship for the ligusactioy of the Fire al Marine Tasur~ wnce busluess, at Nos, 1 aud 2 Reaper Block, under the Rame and style of Mcurmivk lire, & Findlay. HOUT, 8, MGCORMIUEs W. G. MoCORMION, Chicago, Aug, 2, 1875, HENRY D'A, FINDEAY, _OIL TANKS, Witson & Evewpaws H «OIL TANKS, ‘ MEASURING PUMP, 47 & 49 Wost Lake Bt. OMICAGO:. atscturere AVANDEN'S WOOD-COVERED COANE: