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Show ut,--;.'i'7-ar , WORKERS OPEN FIVE BANKS Co-operative Financial Institutions Art Organized by Unipns, the Latest Being In Chicago. Five co-operative labor banks are being organized In the United States, and one was recently opened In Chicago, Chi-cago, according to the Locomotive Engineers Journal. Another, the Brotherhood of Locomotive Engineers Co-operative National bank, has been In existence a year and a half, and Its reported resources ore near $15,000,-000. $15,000,-000. The Brotherhood of Locomotive Engineers En-gineers Holding company has bought control of the Nottingham Savings and Banking company of Cleveland, which Is capitalized at $75,000 with reported resources of $525,000 and has one of the -oldest savings bank charters In northern Ohio. The Brotherhood of Hallway and Steamship Clerks has Instructed In-structed Its grand officers to organize a bank with a probable capital of $r00,000. The executive board of the Order of Railroad Telegraphers has obtained a charter for a bank capitalized cap-italized at $500,000 plus $100,000 surplus. sur-plus. Workers of Birmingham, Ala., are organizing there the Federated Bank and Trust company, with a capital cap-ital stock of $500,000. Representatives Representa-tives of the four transportation brotherhoods broth-erhoods in Minneapolis, Minn., have applied for a charter for a national bank to be capitalized at $200,000 In the twin cities. The new Chicago bank Is that of the Amalgamated Clothing Workers, capitalized at $.'$00,000. |
