OCR Interpretation


The day book. (Chicago, Ill.) 1911-1917, October 28, 1914, LAST EDITION, Image 10

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1914-10-28/ed-1/seq-10/

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deposit in order to get a certain loan.
The large stockholders in the Illi
nois Trust & Savings form a very se
lect list, as follows: J. Ogden Ar
mour, 626 shares; Joseph N. Field,
Manchester, Eng., brother of Mar
shall Field, 1,250; Stanley Field, vice
president Marshall Field & Co., 100;
Dhauncey Keep, trustee Marshall
Field will, 428; Field estate, 1,250;
John G. Shedd, 111; Henry G. Sel
.ridge, London, but formerly man
ager of the Field store, 225; Leiter es
tate, 1,400; J. J. Hill, 1,000; James A.
Patten, 960; Victor F. Lawson, 300;
J. J. Mitchell and family, 10,563.
In the Merchants' Loan & Trust the
Field estate holds 2,800 shares, Jos
eph N. Field 149, Chauncey Keep 100,
John G. Shedd 140, E. H. Gary 300,
and the Harvester McCormicks over
2,000 shares.
The Field estate also holds 625
shares in the First National, 300 in
the Northern Trust and 125 in the
Corn Exchange National.
The biggest thing in town in the
banking line is the Continental &
Commercial National, which owns
all the stock of the Continental &
Commercial Trust & Savings and the
Hibernian Banking Association.
On the board of directors there is
representation of the beef trust, the
harvester trust, the salt trust, the
lumber trust, the Pullman Co., the
railroads, the steel trust, the grocery
trust and Big Business generally.
This banking combination is the
head of the Chicago end of the Money
Trust, and the combined deposits of
the three banks under the one owner
ship was reported at $231,000,000 at
the end of June.
Some of the stockholders, with the
number .of shares each owns, are as
follows: J. Ogden Armour, 9,350;
Mrs. Malvina B. Armour, 3,276; John
C. Black, 5,007; Alfred Cowles, 1,900;
Deering Harvester Co., 2,350; E. H.
Gary, 4,035; Mrs. Eleanor Harris,
3,550; Robert T. Lincoln, 1,210; Emily
Eames McVeagh, 3,637; Franklin Mc
Veagh, 1,001; Levy Mayer, 1,250; J.
1 P. Morgan estate, N. Y., 1,000; Joy
Morton, 2,400; Mrs. Elizabeth S. Mc
Elwee, 4,250; Robert H. McElwee,
2,750; James A. Patten, 2,667; George
M. Reynolds, 3,300; Elizabeth Clarke
Spalding, 3,775; Mrs. Jessie S.
Walker, 3,666.
The board of directors of this big
banking concern indicates its rela- Mt
tion to Big Business.
The beef trust is represented by J.
Ogden Armour, Edward A. Cudahy
and Robert J. Dunham, vice presi
dent Armour & Co.
The railroads by A. F. Banks, pres
ident of the E. J. & E.; A. J. Earling,
president Chicago, Milwaukee & St.
Paul; Robert T. Lincoln, chairman of
the board of the Pullman Co.; Darius
Miller, president C, B. & Q. Ry., and
Edward Ripley, president of the San
ta Fe.
The steel trust is represented by E.
H. Gary, chairman of the board, and
E. J. Buffington, president of the Illi
nois Steel -Co.
The lumber trust is represented by
Edward Hines, Frederick Weyer
hauser and Robert H. McElwee.
The Harvester trust is represented
by Herbert E. Perkins, division man
ager, the Salt trust by Joy Morton.
Then there is Frank Hibbard, vice
president of Hibbard, Spencer, Bart
lett & Co.; Eames McVeagh, treas
urer Franklin McVeagh & Co.; Chas.
H. Thorne, treasurer Montgomery
Ward & Co.; James W. Stevens, pres
ident Illinois Life Insurance Co., and
other representatives of Chicago Big
Business.
Of the total deposits the national
bank end of this triangular combina
tion has $175,000,000, the savings A
and trust end over $27,000,000 and '"
the Hibernian bank end nearly $29,
000,000. The First National comes next
with over $178,000,000 deposits in the
two banks, the national and the trust
and savings each national bank
has either a trust and savings bank
of its own, or an arrangement with
some other savings bank and trust;

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