Loans in force $2,230,000.00
Secured by homes worth over 5,500,000.00
And a reserve fund (guaranty against loss) 100,000.00
THE AMERICAN BANK AND TRUST COMPANY.
This is one of the newer banks, and although starting in a modest and un- pretentious way, has executed many important financial transactions resulting in the development of the resources of the state; and notably the financing of the Mt. Hood Railway. The founders of the bank were Samuel Connell, G. L. Mac- Gibbon, Charles W. Miller and G. W. Waterbury. Its present officers are Sam- uel Connell, president and G. L. MacGibbon, cashier.
The following statement shows its condition on September i, 1910:
Assets.
Loans and discounts $217,160.00
Stocks and securities 133,000.00
Real estate, furniture and fixtures 35,820.00
Cash and exchange 75,280.00
Total $461,260.00
Liabilities.
Capital stock 150,000.00
Surplus and undivided profits 28,450.00
Deposits 282,810.00
Total $461,260.00
THE HARTMAN & THOMPSON BANK.
This is a private partnership bank formed by J. L. Hartman and E. T. Thomp- son in the year 1906. Both men have had large experience in banking, brok- erage, real estate and other financial undertakings and are regarded as energetic business men.
The following shows the condition of their bank on September i, 1910:
Resources.
Loans and discounts $140,289.18
Stocks and bonds 115,132.00
Real estate 21,400.75
Furniture and fixtures 8,620.00
Cash on hand and due from banks 123,369.73
Total $408,811.66
Liabilities.
Capital $100,000.00
Surplus and undivided profits 28,135.21
Deposits 280,676.45
$408,811.66
THE OREGON MORTGAGE COMPANY
This company, through its manager, Robert Livingston, contributes the following :
The pioneer in the investment of foreign capital in real estate mortgages in Oregon, is William Reid. He came to Portland from Dundee, Sco
