The Commercial and financial chronicle . N. TOWNSEND Plainfield, N. J. President Peoples National Bank. Westfield, N. B. TYLER Plainfield, N. J. Tyler & Tyler, Attorneys, New E. WARING Plainfield, N. J. Edward Sweet & Co., Bankers, New J. Standard (Ml Company, New York. Union National Bank NEWARK, N. J. CAPITAL, $1,500,000 SURPLUS, $2,000,000 DEPOSITS, $10,000,000 Government, State and City Depositary EQUIPPED TO HANDLE ACCOUNTS OF INDIVIDUALS, MERCHANTS,MANUFACTURERS, CORPORATIONS, BANKS AND BANKERS WILLIAM SCHEERER, D. WARD, Vice-Presi
The Commercial and financial chronicle . N. TOWNSEND Plainfield, N. J. President Peoples National Bank. Westfield, N. B. TYLER Plainfield, N. J. Tyler & Tyler, Attorneys, New E. WARING Plainfield, N. J. Edward Sweet & Co., Bankers, New J. Standard (Ml Company, New York. Union National Bank NEWARK, N. J. CAPITAL, $1,500,000 SURPLUS, $2,000,000 DEPOSITS, $10,000,000 Government, State and City Depositary EQUIPPED TO HANDLE ACCOUNTS OF INDIVIDUALS, MERCHANTS,MANUFACTURERS, CORPORATIONS, BANKS AND BANKERS WILLIAM SCHEERER, D. WARD, Vice-President. UZAL H. McCARTER, W. CONKLIN, Cashier. HODENPYL, 7 Wall Street RElectric Walbridge ® Co. BANKERSStreet, New YorK ailway, Gas andLight Securities RUDOLPH KLEYBOLTE COAPANY (INCORPORATED) NEW YORK CHICAGO PHILADELPHIA CINCINNATI MunicipalRailroad DEALERS IN HIGH GRADE BONDS Public Service CorporationEquipment LISTS AAILED UPON APPLICATION SPECIAL BOOKLET ON EQUIPMENT 23 Disposition of Bank Earnings. OME banks pay out in dividends thegreater part of their earnings. Theyare more interested in immediate prof-its from their investments than they are inpermanent success. They take the gains ofthe present and do not consider the Other banks place the greater part oftheir earnings in the surplus fund. Dividends are not madethe primary consideration. Their first aim is to make thebank strong. Having faith in the future of the institution,the directors of such a bank are content to forego largepresent profits, and to re-invest their earnings in the busi-ness. They are conservative bankers, careful of theircustomers interests, and the management of the bank willreflect their conservatism. C That the Mellon National Bank is such a bank is shownby a comparison of its earnings and dividends paid for anumber of years, since 1902, when it became a national bank: Net Earnings Dividends Paid None << << 1903 $332,175 1904 367,764 1905 419,851 19
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