Business: Northwest Wind

Straws show which way the wind blows. But when a strawstack is an indicator it tells tales of a wind that is blowing near hurricane strength. Last week 37 banks in Minnesota, North and South Dakota and Montana,—37 banks with over $350.000,000 of assets—were the strawstack at which the Northwest cocked an admiring eye. For the 3 7 banks were united in a great bank chain, headed by the First National banks of St. Paul and Minneapolis.

The chain-banking movement in the Twin Cities was started by...

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