Page:Portland, Oregon, its History and Builders volume 1.djvu/716



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