Page:Portland, Oregon, its History and Builders volume 1.djvu/712

 o. The present

manager of the Portland branch is F. C. Malpas, who first came to Portland in the year 1890, afterward proceeding in the services of the bank to British Co- lumbia, returning to Portland in 1907.

PORTLAND TRUST COMPANY OF OREGON.

This is the oldest trust company in Oregon, and was founded on April 22, 1887, by Benjamin I. Cohen, who died a few months ago. The original incor- porators of the company were Benjamin I. Cohen, Charles H. Woodward, Allen Noyes and William 'M. Gregory.

It was one of the banks that passed through the great panic of 1903 without closing its doors. And it is the only bank in town that has a lady superintendent of the woman's department of the bank. The present officers are: Henry L. Pittock, president; N. U. Carpenter, vice-president; A. S. Nichols, vice-presi- dent; B. Lee Paget, secretary; C. W. DeGraff, assistant secretary; G. W. Up- shaw, assistant secretary; Harriet E. Moorehouse, superintendent woman's de- partment. The following is the report at the close of business September i, 1910:

Resources.

Secured by real estate mortgages $378,053.80

Secured by stocks, bonds, etc 155,155.00

Secured by deeds of trust 1 19,793-38

Commercial paper, demand 39,675.00

Commercial paper, trust 238,392.88

Listed bonds 409,612.50

Other bonds 85,970.00

Overdrafts, secured and unsecured 646.06 $1,427,298.62

Banking house property (market value $225,000).... 160,000.00

Furniture and fixtures 11,000.00 171,000.00

Due from approved reserve agents 242,468.71

Exchanges for clearing house 35,048.22

Cash on hand 1 14,356.72 391,873.65

Total $1,990,172.27

Liabilities.

Capital stock paid in $ 300,000.00

Surplus fund 54,000.00

Undivided profits, less expenses and taxes paid 12,626.40

Individual deposits subject to check $993,970.17

Demand certificates of deposit 22,310.31

Time certificates of deposit 450,993.18

Certified checks 4,23 1 .41

Cashier's checks outstanding 8,407.17

Savings deposits 182,724.04

Liabilities other than those above stated ; individual

credits 20,909.59

Total deposits 1,623,545.87

Total $1,990,172.27

lumbermen's national bank.

The Lumbermen's National Bank of Portland, was organized as a state bank under the general incorporation laws of the state of Oregon, und