Your Cuban Business With eighteen years' experience in Cuba we are in a position to handle to the best advantage any business of a financial or fiduciary nature entrusted to our care. As Trustees for Mortgage Bond Issues, at the present time aggregating over $50,000,000, we are especially well equipped to handle this class of business, and to act as Co-Trustee or as Agent for American Companies. Our Real Estate Department offers a complete service, including buying, selling, and administration of properties, collection of rentals and mortgages, together with valuations and reports on any properties in Cuba. The Trust Company of Cuba Established 1905 HAVANA Capital paid up $500,000 The officers and directors of the Hawaiian Trust Company are: E. D. Tenney, president and director; J. R. Galt, vice-president and manager; H. H. Walker, vice-president and director; C. H. Cooke, vice-president and director; C. H. Atherton, vice-president and director; F. W. Jamieson, treasurer and director; P. K. McLean, secretary and director; A. S. Davis, assistant secretary and director; S. G. Wilder, assistant secretary and director; F. C. Atherton, director; Robbins B. Anderson, director; Geo. I. Brown, director; J. D. McInerny, director; E. H. Wodehouse, director; Ranney Scott, assistant treasurer; F. Franks, assistant treasurer; S. W. Berteaux, assistant treasurer; C. J. Birnie, assistant secretary. William G. Rabe, secretary to the president of the New York Trust Company, has been elected a director of the newly organized Carroll County Trust Company of Conway, N. H. Abundant harvests in France, England and Germany were observed by S. Stern, vicepresident of the Seaboard National Bank of New York, who recently returned from a seven weeks' trip to Europe. On August 26th Mr. John A. Stewart, chairman of the board of trustees of the United States Trust Company of New York, celebrated his 101st birthday at his home in Morristown, N. J. Numerous congratulatory telegrams and letters were received by the centenarian from friends in banking and financial circles. Mr. Stewart became secretary of the United States Trust Company in 1853 when that institution was organized. In 1865 he became president and continued to serve in that capacity until 1902 when he completed a half century of service. Mr. Stewart has continued his active association with the United States Trust Company as chairman of the board. He was. succeeded as president by former Secretary of the Treasury Lyman J. Gage and in 1905 the present encumbent, Mr. Edward W. Sheldon, was elected. Mr. Stewart is the only survivor of the original board of trustees of the United States Trust Company, and is the oldest living bank official in the United States. "The Future Disposition and Management of Your Estate" is the title of a well executed booklet issued by The Farmers Loan & Trust Company of New York. 46 Years of Fiduciary Experience in Massachusetts In the forty-six years of its experience We have met and solved practically Individuals and corporations requiring fiduciary service in this State are invited to correspond with the President or other officers of the Company. We have over 850 Personal Trust Estates aggre- BOSTON SAFE DEPOSIT & 100 FRANKLIN STREET At ARCH and Devonshire StreetS Boston 6 T HANDLING INTER-DEPARTMENTAL BANK MAIL SYSTEM USED BY "GUARDIAN" OF CLEVELAND SPEEDS UP SERVICE AND CUTS EXPENSE HARRY E. MARTIN The Guardian Savings and Trust Company, Cleveland transmit reports, messages and letters to their interdepartmental destination promptly and to facilitate outgoing mail, the Guardian Savings and Trust Company of Cleveland, has in successful operation a fifteen-minute delivery and collection system. The plan is a big timesaver and speeds the work of the entire bank. It makes unnecessary the employment of special messengers in large departments and prevents the waste of the time of clerks and other workers in delivering messages documents to officers or departments. or The system has its center in a well-organized mail room, directed by a man experienced in the handling of mail. Two carriers are on duty throughout the day from 8.15 to 5.30 o'clock, with an extra helper for relief. Each boy has a portable distributing case, which has compartments for all offi cers and departments on his route as well as a section for material to be sent out of the bank or to be distributed by the boy on the second route. How the Plan Works Upon entering a department, the carrier delivers the mail and picks up outgoing matter. AN mail going outside the bank and that for the other route he, places in the proper compartment; the material for departments on his own route he puts into the sections which have been assigned to the various departments. This latter mail he delivers on his round if he has not already passed the office to which it is to go; if so, the delivery will be made on his next trip. When he reaches the mail room, he at once removes from his case all outgoing mail a well as that for the second carrier. This is "DON'T SAY IT, WRITE IT" FORM USED TO FACILITATE INTERDEPARTMENT BANK MAII. GRAVES MORE ORE trust business depends on more people understanding and desiring the personal advantages of trust company protection. terial addressed, say, to the Guaranty Trust Company, New York, the letters are sent in one envelope, thus saving postage. "Write it don't say it" is the slogan used about the bank to minimize the carrying of messages-by-word-of-mouth. Thus under this system, except in cases of conferences or those calling for immediate action, there is little need for employees to go from one department to another. An interdepart That means educational work plus mental telephone system makes it easy to real salesmanship. Those two forces give vitality and power to the beautifully illustrated direct mail messages in the GRAVES TRUST CAMPAIGN-praised everywhere as the unchallenged masterpieces of trust literature. WM. ELLIOTT GRAVÉS SERVICE quickly sorted by a clerk in the mail room, and in from three to five minutes the boys are again on their rounds. The time necessary to cover each route varies from seven to ten minutes, depending upon the volume of mail collected and delivered. By this system letters and reports can be delivered to any department or officer within ten or twenty minutes from the time of collection. Other factors enter the efficient handling of mail at the Guardian Savings and Trust Company. The mail room keeps an accurate schedule of all mail trains leaving Cleveland, and instructions have been issued to all departments sending out important mail to have letters and documents for certain centers signed and ready for collection at certain hours, so that the material can be routed promptly and thus get to its destination in the shortest possible time. "Write It-Don't Say It" Another money-saving plan used in handling mail is to consolidate as much as possible the mail from various departments going to the same bank or other corporation. Thus if three departments during the forenoon or afternoon send to the mail room ma handle all matters which can be discussed over the telephone. In sending interdepartmental mail, messages and reports of a semi-confidential nature are enclosed in a substantial perforated manila envelope. On each side are lines for addressing the individual and department for delivery of the contents. After the enclosure has been removed, the name is scratched out with a pencil and the envelope is used again. It has space for eighty names, and with ordinary usage can be sent out that number of times. The perforations instantly show whether the envelope is empty. Intra-bank correspondence of an unconfidential nature is sent unenclosed. For sending suggestions or notations with letters and the like a simple memorandum form is used. The mail room is located adjacent to the general files, thus insuring prompt delivery of material to be filed as well as quick action in getting letters, documents and reports to officers and departments when wanted. The bank has been operating its mail department under this plan for more than two years, and officers report that it speeds up the service and conserves the time of every department. GIRARD NATIONAL 'BANK OF Aggregate resources of $71,560,248 are shown in the September 14th statement of the Girard National Bank of Philadelphia including cash and reserve, $4,940,000; U. S. Government securities, $1,848,000; due from banks, $13,742,000; exchanges, $2,022,000; loans and investments, $48,362,000; acceptances, $444,577. Deposits total $58,411,000. The capital is $2,000,000; surplus and net profits, $8,017,455. C. F. Weihman and C. R. Horton have assistant been appointed cashiers of the Fourth Street National Bank of Philadelphia. G. E. Stauffer, assistant cashier, was appointed a vice-president. A SUCCESSFUL INVESTMENT ANALYSIS SERVICE FOR HOW THE INVESTMENT HOLDINGS OF INDIVIDUALS AND H. K. MOSS Investors' Service Department of The Minnesota Loan, and Trust Company of Minneapolis (EDITOR'S NOTE: The plan outlined herewith is a step in advance of the services now. offered by many banks and trust companies to help customers or others in the selection or treatment of investment holdings. In this plan all the advantages of expert knowledge of investment requirements, and of current market conditions aided by extensive private wire connections with leading markets and information as to specific securities, are provided in behalf of applicants who submit lists of holdings. That the method employed has found public favor and has also become a profitable investment for the company, is shown by experience covering the past year.) · T HE confidential analysis service provided by our investors' service department consists of a complete survey of the investment holdings of an individual bank, or institution in the light of current market conditions, with special attention to any callable features, late news, or recent developments affecting such holdings. Any. opportunities to improve the market position of the holder are pointed out. The applicant is furnished with a listing blank on which he can list his holdings in detail, giving the amount held, name of the issue,, coupon rate, maturity, and if possible the cost to him when purchased. Facsimile of the listing blank is shown herewith. The list as a whole is then analyzed from several viewpoints: 1. The individual requirements of the client, according to his particular cir cumstances. 2. The diversification of. the list A. As to class of security, C. As to geographical location. 3. The size of blocks ance" of the list. and general "bal A list recently submitted showed 45 per cent. foreign government bonds, 10 per cent. public untilities, and the balancé industrials. tion of the unduly large percentage of forRecommendations were made for the reduceign bonds, on account of their present speculative position, and for the addition of public utilities and high grade rails, because of their market stability. Another list showed The ever-changing condition of the investment market makes it very important that close attention be given your holdings. In order that we may be in a position to advise you regarding your securities, we suggest that you list below your holdings in detail, being careful to give full information as to cost, maturities, etc. This data will be held in strict confidence and used only to your own advantage, You may take advantage of this service without incurring any obligation. If you are interested in the enclosed bord offering we shall be glad to make your reservation; or we will be pleased to furnish you with information on any other issue you may be considering at this time. |