MISS BUZBEE TO MANAGE NEW YORK OFFICE OF HARVEY BLODGETT CO. Miss Minnie A. Buzbee, who has successfully conducted the Advertising and New Business Departments of the American Bank of Commerce and Trust Company, Little Rock, Arkansas, for a number of years, has resigned her position with that institution to become manager of the New York office of the Harvey Blodgett Company, one of the oldest and largest bank business building concerns in the United States. Miss Buzbee will visit the Blodgett plant in St. Paul, and comes to New York in August.

Miss Buzbee is well known in financial advertising circles. Her creative ability put a personality and human interest into her work which caused it to attract much attention, and comments about her work, and reproduction of parts of it soon began to appear in the financial and advertising magazines. She planned and wrote every bit of the advertising material of the largest bank in the State of Arkansas, etc.

Miss Buzbee was awarded first prize by the Arkansas Bankers Association for the best series of display ads, covering the relation of a bank to the community. When the Business Women's Club of her city gave an Ad Carnival, the first prize (awarded not merely for beauty or attractiveness, but for real advertising value) was awarded to Miss Buzbee's booth, which represented her bank. as a Financial Department Store.

When Miss Buzbee had been at her work only about three years, she was one of the principal speakers before the Financial Advertisers Association at the World's Advertising Convention in Atlanta. A number of her articles on various phases of bank advertising have appeared in the leading magazines. She was one of the organizers of the Advertising Club of Little Rock, is a member of the Board of Directors, and has always been its secretary. She was also an active member of the Business and Professional Women's Club of Little Rock.

MISS MINNIE A. BUZBEE

To manage New York office of Harvey Blodgett Co.

Announcement of Lecture Series on "Death Taxes"

Mr. Joseph F. McCloy, of the New York Bar announces a series of three lectures on the subject, "DEATH TAXES UNDER THE NEW YORK STATUTES," especially designed for guidance of fiduciary management of non-resident estates.

To be delivered Saturdays, at 2:00 P.M., September 30th, October 14th and October 28th, in the Board Room of the New York County Lawyers Association, 165 Broadway, New York City.

Reservations limited in number to subscribers who may communicate with M. F. Robbins, Secretary, 56 Pine Street, New York City.

MID-YEAR STATEMENT OF DISCOUNT

CORPORATION OF NEW YORK

The mid-year statement of the Discount Corporation of New York is of particular interest in that it reflects a steady substantial progress in the development of the open discount market and toward establishing the dollar as a world currency and the peer of the pound sterling. This corporation has discounted and distributed among investorsbanks, individuals, firms and corporations during the past 36 months, an aggregate of $4,621,512,610 of bankers' acceptances and approved trade acceptances.

In addition to discounting and distributing Acceptances, the corporation has announced that it now actively deals in the various issues of United States Treasury Certificates of Indebtedness, Treasury Notes, Victory Notes and other short term Government securities. In this way it is lending its aid to the Government in the development of an open market for short term Government obligations. The statement of the Corporation shows capital $5,000,000 fully paid, suplus $1,000,000, undivided profits, $1,173,575.48. Total resources, $84,886,576.07.

CHATHAM & PHENIX ACQUIRES UNION EXCHANGE NATIONAL

Louis G. Kaufman, president of the Chatham and Phenix National Bank of New York, has purchased the Union Exchange National Bank at 295 Fifth avenue. The Chatham and Phenix National branch at Thirty-third street and Fifth avenue has been transferred to the new quarters of the Union Exchange National, which will be a branch of the Chatham and Phenix National Bank.

The Chatham and Phenix National has capital, surplus and undivided profits of more than $20,000,000 and aggregate deposits of $150,000,000. The Union Exchange National has capital of $1,000,000, profits of $1,533,700 and aggregate deposits of $20,000,000, which gives the Chatham and Phenix National Bank resources of more than $200,000,000.

The Bank of the Manhattan Company recently declared its regular quarterly dividend of 6 per cent., which is the 241st dividend disbursement of the bank since it was chartered in 1799.

EQUITABLE EASTERN INCREASES
DIVIDEND RATE

At the recent regular meeting of the Board of Trustees of The Equitable Eastern Banking Corporation, a semi-annual dividend of 4 per cent. was declared on the capital stock of the company. Previous dividend payments have been at semi-annual rate of 3 per cent. The Equitable Eastern Banking Corporation, which is a subsidiary of the Equitable Trust Company of New York, was organized on January 1, 1921, with a capitalization of $2,000,000 and surplus of $500,000. The corporation shows a strong position maintained during 1921 and 1922, the first year and a half of its existence. The statement of condition just issued shows undivided profits of $356,713, after payment of the semi-annual 4 per cent. dividend of $80,000. The total capital, surplus and undivided profits of the corporation amount to $2,856,713.

The Equitable Eastern Banking Corporation was organized to take over and further develop the large Far Eastern business of The Equitable Trust Company of New York. The reports read at the Directors' meeting would indicate that this bank is gradually being built to play a strong and important rôle in Far Eastern banking affairs, and the prospects for its increased growth are excellent. Among those on its Board of Directors are: Alvin W. Krech, president of the Equitable Trust Company of New York; George L. LeBlanc, and Heman Dowd, vicepresidents of the Equitable and John S. Drum, president, Mercantile Trust Company of San Francisco. Several important Pacific Coast banks are represented among the incorporators. The Far Eastern offices are located at 1 Kiukiang Road, Shanghai.

LAWYERS TITLE & TRUST COMPANY Steady growth is shown in the June 30th statement of the Lawyers Title & Trust Company of New York. Aggregate resources of $30,356,000 represent an increase of over two millions within the past twelve months with deposits of $19,114,000 as compared with $17,803,000 on June 30, 1921. Assets embrace cash of $3,995,000; loans, $12,341,000; stocks and bonds, $6,123,000; first mortgages, $4,125,000 and real estate, $3,052,000. The capital is $4,000,000; surplus, $5,000,000, and undivided profits, $1,440,312.

"BETTER BUSINESS BUREAU" FOR NEW

YORK

Organization of a so-called "Better Business Bureau" in the city of New York, whose purpose will be largely to protect the public against fraudulent securities, is now under way. The Bureau is being organized at the instance of the Associated Advertising Clubs of the World, and is being financed by bankers, dealers in investment securities and brokers connected with the New York Stock Exchange.

The idea in connection with the New York Bureau is that it shall ultimately extend its activities throughout the State and work to prevent not only the sale of fraudulent securities, but also to prevent fraud in merchandising. For a starter, however, it will have only the financial division. It will seek out fraud and assist the Post Office authorities and the District Attorney in prosecutions; it will aim to prevent the misuse of advertising, and co-operate with banks and investment houses to protect investors, and it will also aim to keep legitimate advertising true to facts.