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TULSA DAILY WORLD, SUNDAY, OCTOBER 7, 1917 EXCHANGE NATL BANK PROSPEROUS Institution Experiences Won derful Growth During an Eight-Year Period. E. W. SINCLAIR PRESIDENT Prompt Service, Liberal Treat ment and Absolute Safety Is Motto. I No bank has contributed more to the success of Tulsa and this state than the Exchange Nutlonal bank and no set of men have done more to en courage investment In this city than the officers of this Institution, which, while hardly eight years old, has grown .from a bank of less than a 11,000,000 deposit to an $18,000,000 deposit concern. v When the Exchange National bank Issued its first statement of conditions on February 9, 1910, the following Hems were shown; Capital atock 150,000.00 Surplus tun 50,000.00 V , Circulatioa t 211,500.00 V ( Uepomte at)4,674.14 At $ 634,174.14 Loana and dttrounts $ 228,889.09 Bimd, securities,, etc 115,425.78 Redemption fund 1,000.00 UverdritfU ' k 841.09 Cash and sight exchsng 288,017.28 $ 684,174.14 Force of Sixty. Then, the Institution which has since grown to the strongest financial institution in this Bection of the United States had on its roll of employes hardly a dozen persons. At the pres ent tun this list of employes has been increased to more thanSuty, and even this number will be augmented when more room' is available in the new 12 -story building which is being erect ed at the corner of Third and Boston. With deposits of $404,674.14 at the close of business, February 9, 1910, a comparison can be drawn by noting the recent statement Issued by this bank for condition of business at the close of the day, March 6, 1917. On that day, according to th'e state ment Issued, tha deposits had grown to the hugo figure of 1 8,6 1 8,b4 2. t 1 an increase of more than $18,160,000. Loans and discounts had Increased from $228,889 09 to $12,372,995.40 and '. cash and sight exchange had Increased from $288,017.28 to $5,887,890.42. --The capital stock, $150,000 at tho . : opening of the institution in 1910 was Increased by the time the statement of , March 6 was issued to $750,000. and the surplus fund had increased from $50,000 to three times that amount. When the first announcement of the condition of the bank was made, the officers called the attention of the public to the fact that every detail of the banking laws would be fully com plied fith, and gave as the motto for the institution: prompt service, lib eral treatment an.1 absolute safety. Success from Beginning;. This policy was to be marked with success from the very beginning, and t Z' the following table of comparative de posits by the bank on the months men tioned speak for themselves: March, 1010 1 450,503.82 March, 1911 745,550.93 February, 1912 1,239,859.14 February, 1918 9,16t,4(8.80 March, 1914 8,305.134.04 Marcit, 1915 4,Ti,UlMa March, 1016 9,403,190.60 March, 1917 18,016.542.61 Turning to the part played in the development of Tulsa and the country at large by the officials of this bank, one will see that every great under taking accomplished by the civlo or ganizations of this city have been made a success partialy tnru the work of some member of the bank. John H. Markham, jr., and II. F. Sinclair, directors of tho Exchange Na tional bank, are two of the three mem bers appointed by .President Wilson on the national petroleum board, an or ganization having to do with the oil supply for- the government in time of war. E. W. Sinclair, president of the back, 'is a director of the Tulsa Chamber of Commerce beside being a moving spirit in many other civlo or ganizations where his power and in fluence is felt in the movements look ing toward the development of the city. McFarlin Active. R. M. McFarlln, another director of the bank is president of the Chamber , of Commerce, and a member of the Free Stale Fair board of Muskogee, an honor bestowed upon him by Uov ernor Williams. Aside from these places ha is a member of all war time organizations in which be is an Interested member. B. H. King, jr., an assistant cashier , "- of this strong financial institution, Is v treasurer of the Retail Merchants association and is one of the most prominent of the younger .bankers in the ontire state, having been engaged In banking business for a number or years. His application and thoro Jrsowledge of banking conditions In this state has been the asset which secured for him rapid promotion tn the bank with which he is associated. Others In the list of officers and ' directors are keenly alive to the work being done by the civic organizations with which they are associated, and among them are to be found offlcicala and directors of many of these clubs. They Include W. Binclalr, J. H. Evans, R. M. McFarlln. J. J. Larkln, 'Homer M. Preston, Frank Haskell, J. H. Markham. Jr., O. H. Leonard, H. i . Binclalr, J. A. Hull, J. A. Chapman, A. T. Alison, E. R. Kemp, 8. H. King, Jr., R. M. Mood O. F. Macon, H. Jfi. Crooks and E- W. Jacobs. Dog Travels 400 Miles to Homo. Making hl way over four hondred miles of territory and crossing two large rivers on the way, a black shep herd dog, belonging to John Kmith of this city, returned home after trav v elimr front Tarboro, G-a. The dog was sold to E. A. P. MacCfcrthy of th. Georgia town, and was shipped to Tarboro by express. He seemed to be doing well In the Georgia town, but escaped a few nights ago, and the next heard from him was when, footsore and weary, he scratched at the door of Bmlth bom. The sale has been called oft - Something of Interest . mtva la mere a luve iwi m iuai ??o,"da7ughter, this ! a trade Jour- "Oh. daw. I I t1 ,0T "'"Well. maybe this would Interest you. Read proposal Local Clearing House Is Barometer of Conditions Review of Organization's Rec ords Show the Wonderful Growth of Tulsa Banks. There Is no meter which can be placed on the financial Institutions of a community, capable of register ing the certain pulse of these Institu tions with the efficiency of a well organized" and properly opera tod clearing house, Tulsa from the beginning of the undertaking, has been fortunate in having such a rloarlng house orga nization, directed by the clearing house association with representa tives in each of the ten bunks of the city. A review of the records and data collected by this agency Is a barom eter of the ever Increasing activities and resources of the Tulsa banks. With the opening of the Tulsa clearing house, the banks of Tulsa showed, at the close of busies on March 29, a total deposit of $8,598, 479.35 and total resources of $4,620, 662.87. A Steady Climb. A steady climb in both of these items was registered by the banks of the city by this showing, the tojyi re sources for the banks at the close of business on. November 16, 1909 being $4.734,682 61, while the total re depostts were $3,809,329.01 or a de crease for the year of 1910 of ap proximately one million dollars in each item. The climb was marked from that point onward, and at the close of business on December 6, 1911, the banks of the city showed a total de posit of $4,408,711.81 and total re sources as shown by a caH of that date of $5,666,050.85. Almost a year from the call noted for the year of 1911 a call was Issued by the comptroller of currency for the business of the banks at the close of February 20, 1912, and the total deposits of the banks had registered a slight drop, registering at this time $4,092,887.36 and total resources of $5,381,932.25. The year of 1918 bein to show the real growth of Tulsa and when the total -business at the close of Febru ary 4 was published, the resources of the Tulsa financial institutions had mounted to $7,884,246-82 and the de polts had shown an increase of ap- froxlmately CO per cent and were 6,426,198.70. ' Pass Ton Million Mark. The ten million dollar mark for de posits was passed by the Tulsa banks when tho call for March 4, 1914, was Issued and responded to, and the total deposits were marked up to $10,064, 189.64 at this date with the total re sources at $11, 956,424-24. This lncrense, however, was to be outdone by the succeeding fll for the statu of business of the combined banks of the city on December $1, 1915,' and the total deposits had mounted to a new and record mark of $16,298,975.63 and the combined resources to $18,481,704.88 when this statement was published. ' One year ago, in 1916, the com bined deposits were almost ten mil lion dollars greater than in 1915, for the published statement of the banks showed that the combined deposits of the financial institutions of Tulsa had' passed the quarter of the one hundred million mark, and were, exactly $26,110,826.47 and the combined re sources $28,670,867.79. A review of this report will show that there has been a steady increase in both the combined deposits and combined resources of the Tulsa banks since 1912, and the small drop during that year can be attributed to the fact that without an exception, every bank in this part of the cogntry experienced a like decrease In de posits. Tulsa was not alone In this experience. I No better Insight Into the conditions of Tulsa's banks Can be secured than by a brief look over the statements Issued by the ten financial institu tions of this city upon a call of con ditions at the close of business. May 1, 1917. Statement Given Publicity. This statement. wbichwas given ao little publicity by the financial journ als of the country who were attracted by the wonderful showing of the Tulsa banks, caused no Uttle comment thru out the banking world, and caused man Investments In this city which would not have been directed towacd Tulsa but for the strong pulling power of these financial Institutions. With an effort to avoid placing the several banks in this list with refer ence to their standing according to deposits, resources or capital stock, a brief summary of the conditions of the ten banks of Tulsa on that date will be given, opening of course with the Exchange Natiotial which is one of the strongest financial Institutions in the state, and for that matter, In the entire southwest, In a condensed satement of business at the close of May 1, 1917, E. W Sinclair as president announced that the total deposits of his Institution were $18,896,801.82. More money on deposit than in all of the banks of Muskogee combined. The capital and surplus of this bank at that time was $900,000 and the undivided profits were $337,79.28. A stock tn the Federal Reserve Bank of Kansas City this bank carries $19,600 and the total resources were given a $20,670,6(1. More than ten millions of dollars was the total of deposit of the Cen tral National bank on this date, ac cording to data In the office of Man ager W. L. Propst of the Tulsa Clear ing House Association. "- With exactly $10,809,681.20 on de posit, the greatest Item of liabilities of the bank were accounted for. The capital stock paid In, for this Institu tion was $200,000. This bank haa as stock In the federal reseurve bank $9,000 and of bonds, warrants and se curities $1,264,114 21. Figures are Interest Inf. A new bank, with a history of but a few months to Its credit la the West Tulsa Bute bank, of which J. W. Woodford Is president, and A. O. Marrs la cashier. In a statement as to the condition of this young bank at the close of business May 1, 1917, tbe following Interesting figures are taken: Loam and aiafoiats $11,680 TO Overdrafts .90 Reeuritiee with banklnr board. (00.00 Stocks, bonds ' warrants, etc.. 20,000 00 Furniture and natural 1,645.78 Real estate owned 2,000 00 Other reeeurees (oaronas fund).. 1,912.99 Uaak sad elfei uohasfo 12,101.61 $70,041.8$ Capital stock ................ $25,000.00 ftarulua fund 9.500 00 Depoelts 42,641.9 $70,041.99 A bank which has tn every way kept faith with Tulsa and which baa suc ceeded la the dlffioult task og kesn- lug pace with the city lif Its many other manners of development Is the Producers State bank according-to me data furnished by tbe manager or the Clearing House association. A bank with more than two and a half million dollars on deposits, this bunk has found It necessary on more than one occasion to enlarge its buildings and make additions loj.be corps of employes In order to handle the business of its patrons. With re sources of $2,634,864.33 the deposits iiave mounted to a mark of- $2,615,' 610.46 nocordlntr to the statornent 1 sued at the status of business at tho close of May 1, 1917. This bank hud at that time a capital stock of $100,000 and a budget' of surplus and undivided profits of $10,683.39 and reserve for taxes and Interest of $8,119.89- No bank, perhaps, illustrates the wonderful growth of Tulsa In a financial way than the IJberty Na tional bank of which A. K. Lewis li president and W. L. Lewis is cashier, - (Shows Marked Growth. This bank Has shown a marked growth as each statement is made in response to the call of the comptroller of currency, and according to Man finer Propst of the Tulsa Clearing House association, the total deposits or una institution on May 1. 1917, had reached the figure of $2,046, 112,31 with a capltaOtock of $100,000 and a surplus of 160,000 and $3,799.65 as undivided profits. This bank holds $4,600 as stock In the federal reserve bank and $25,000 In United (Kates bonds, with $981, 499.20 listed as cash and sight ex change. The Union National bank, with W. E- brown as president Issued the fol lowing statement for business on May 1, 1917: Loans and discounte $2,410,040.89 Honda, warrant! and eecurltlcs 20.248.73 Trade acceptances 142.4HT.66 f urniture and riitaree iu.uou.uu Federal Reserve beak atock., 9.050.00 Cain and sight eichange 1,118,713.18 $3,710,540.41 Capital atock $300,000.00 Rurpiua and undivided profita.. 64,584.82 Deposits 8,840,006.09 This Is but an illustration, Manager Propst declared, of the wonderful success which may be attained by a Tulsa bank given to serving Its pa trons as the Union National bank has succeeded in doing. It should be re membered that this bank only opened its doors a few months ago. The American Nexlonal bank at the same time these other statements were Issued, announced thru tho cashier, Alva J. Xs'lles, deposits of $1,693,319.84 and surplus and undi vided profits of $50,133.24. This bank carried at that time $100,000 as United States bonds and federal "re serve bank stock of $3,600. Two Millions on Deposit Another bank with deposits of more than two millions of dollars is the Na tional Rank of Commeise, of which S. P. McUlrncy is president and Lea Mcliirney Is cashier. The deposits of this bank on May 1, 1917, were $2,298,086.80 and the capital stock, paid in was given as $100,000. Cash and sight exchange was listed at $1,242,183.87 and $3,750 was given as stock in the federal reserve bank. With a deposit of $2,117,667.37 on the same day, the Planters National bank made a statement showing that business there had shown a marked increase over the corresponding period of the previous year. This bank now contemplates the erection of a new building to faclllate the business which has come with the growth of Tulsa. The following are the executive of ficers of this institution: U. N. Wright, president; JS. L, Talman, vice presi dent; J. Truman Nixon, vice president; Claud Tutile, active vice president; W. A. Brownies, cashier; D. G. Keh rer, assistant cashier; J. I Myers, assistant cashier; N. R. Qraham, spe cial representative. A review of the statistics collected by Manager Propst of the clearing house organization shows that the First National bank, at the close of business May 1, 1917, had as cash and due from banks. $1.667.372. 86 and had on deposit $6,658,611.84. This bank at that time had as United States bonds $126,000; as United States gov ernment notes $36,900 and as stock in the federal reserve bans: $4,600 with property of the Culbertson build In valued at $125,000 and the surplus and undivided profits were $110,688 O. R. McCullough is president; and A. K. Brads. taw cashier of the First National bank. Iiocal Clearings. Another good Indication of the rapid strides made in recent years by the Tulsa banks is illustrated thru the clearings of the local financial lnstltu tlons as shown by Mr. Propst's reports covering the years the clearing house has been organized here, The following table indicates, the year, the total clearings for the year and the amount oi increase or de crease over the year previous: 1911 .... $ 82,085,156.00 1912 88,485,689.00 90 Increase 60.61 1.H40.00 67 increase 70, 1 04, M 1.00 81 increase 16.664.604.00 6 decrease J91B .... 1014 .... 1916 iwia 190.164.701.00 148 increase 191T (9mo.) 946.844,771.74 97 Increase There lsevery IndicaUon, according to Manager Propst of the Clearing House association that the highest per centage of Increase ever registered by the Tulsa clearings vs'll be exceeded by the total for the present year, taking account of the strides already made which show a gain over the preceding year of almost 100 per cent. VIVE LA FRAN GB. The land, of sunshine and of songl Her name your hearts divine; To her the banquet's vows belong Whose breasts have ponred Its wine; Our trusy friend, our true ally Thru varied change and chance; So fill your flashing goblets high, I give you. Vive la France! Above our hosts In trf)le folds The selfsame colors spread. Where Valor's faithful arm upholds The blue, tbe white the red; Alike each nation's glittering crest Reflects the morning's glance. Twin eagles, soaring east and west; Cmic more, then, Vive la France! O, land of heroes! In our need One gift from heaven we crave To stanch these wounds' that nny bleed, The wise to lead the brave! Call back one captain of thy past From glory's marble trance, -Whose name shall be a bugle blast . To rouse us! Vive la France! Pluck Conde's baton from the trench, Wake up stout Charles Martel, Or find some woman's hand to clench - The sword of La Pucelle! Give us one hour of old Turenna, ' One lift of Bayard's lance. Nay, call Marengo's chief again To lead s! Vive La France! Oliver Wendell Holmes, For Each Fighter There Must Be Many Sayers Have you ever given serious thought of what the cost to our government will be per man for the duration of the war. Of course not, but you'll be free to admit that it's bound to be a large sum of money then when you multiply it by a million or so you can see for yourself why saving on the part of non-combatants is so necces- sary at this time in order to carry the war to a sue-, cessful issue. If you have not already commenced to lay aside' a certain amount of your earnings to be drawn upon for your own or your country's urgent needs then right now is none too soon to begin. Mill The Requirements of 'Customers Form the subject of constant and solicitous care on the part of officers and directors of American Nat'l Bank. Business men-find the bank ready to respond very promptly to all legitimate needs on principles justi 0) 6) auk a Buy a Liberty Bond if GtiiiDii fied bv sound banking procedure. Corporations, firms and individuals desiring the very best service that a strong modern bank ef ficiently officered and thoroughly equipped can furnish are cordially in vited to open accounts at this bank. American National Bank ( ;