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The Real Estate Title Insurance and

Trust Company of Philadelphia

523 CHESTNUT STREET,

Across from Independence Hall

THE OLDEST TITLE INSURANCE COMPANY IN THE WORLD

Capital (fully paid) $1,000,000 Surplus and Undivided Profits (earned) $1,500,000

Incorporated in 1876, this Company has issued 177,000 policies of
title insurance, and has accumulated information which enables it to

execute work with unequaled accuracy and promptness.

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Vol. XXII.

February, 1916

TABLE OF CONTENTS

Number Two

Federal Reserve Board Ignores Illinois Decision

Professional Bank Organizers Again Active

The Protective Value of "Acceptances"

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Special Correspondence from Leading Cities, Including Philadelphia, Boston, Chicago, St. Louis,

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The Real Estate Title Insurance and

Trust Company of Philadelphia

523 CHESTNUT STREET,

Across from Independence Hall

THE OLDEST TITLE INSURANCE COMPANY IN THE WORLD

Capital (fully paid) $1,000,000 Surplus and Undivided Profits (earned) $1,500,000

Incorporated in 1876, this Company has issued 177,000 policies of
title insurance and has accumulated information which enables it to

execute work with unequaled accuracy and promptness.

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Special Correspondence from Leading Cities, Including Philadelphia, Boston, Chicago, St. Louis,

Pittsburgh, Baltimore, Cleveland, Los Angeles and New Orleans

Special Directory of Collection Banks and Trust Companies

Annual Subscription, $3.00

Single Copies, 35 Cents

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The Real Estate Title Insurance and

Trust Company of Philadelphia

523 CHESTNUT STREET,

Across from Independence Hall

THE OLDEST TITLE INSURANCE COMPANY IN THE WORLD

Capital (fully paid) $1,000,000 Surplus and Undivided Profits (earned) $1,500,000

Incorporated in 1876, this Company has issued 177,000 policies of
title insurance and has accumulated information which enables it to

execute work with unequaled accuracy and promptness.

Lends money on installment and term mortgages.

Becomes security for persons acting in fiduciary capacities.

Receives money on deposit and allows interest.

Executes trusts of every description.

Rents safes in its burglar proof vaults.

THOMAS W. JOPSON,

Vice-President and Trust Officer

DANIEL HOUSEMAN,

Treasurer

Buys and sells real estate and assumes the management thereof.
OFFICERS

EMIL ROSENBERGER, President

HENRY R. ROBINS, Vice-President
CHARLES S. KING,

JEREMIAH N. ALEXANDER, Assistant Secretary

8. KINGSTON MCCAY

WILLIAM H. SHELMERDINE

HOWARD A. STEVENSON

ALFRED MOORE

CHARLES W. WELSH

Secretary and Assistant Treasurer

A. KING DICKSON, Assistant Trust Officer

DIRECTORS

WILLIAM WOOD
WILLIAM S. PILLING
E. CLARENCE MILLER
EMIL ROSENBERGER
SAMUEL M. FREEMAN

Member of the Philadelphia Clearing House Association

FRANK H. MOSS
CHARLES T. QUIN
CHARLES E. HEED
JOHN A. RIGG
D. NEWLIN FELL

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