USA > Iowa > Jones County > History of Jones County, Iowa, past and present, Volume I > Part 19
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Scotch Grove.
Marshall, Thomas, Private G, 3d Iowa. Murray, James, Private L, 5th Iowa Cav. Davis, Francis A., Corporal I, 24th Iowa Inf. Sutherland, Adam, Private D, 9th Iowa Inf. Orr, John, Private D, 37th Mass. Inf. Fuller, Wm., Private D, 9th Iowa Inf. Murphy, Chas. H., Private C, 44th Iowa Inf. Sutherland, John, Ist Lieut. D, 9th Iowa Inf. McKean, C. B., Private C, 44th Iowa Inf. Hoyt, Ed., Private I, 10th Iowa Inf.
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Barnhill, R. S., Private K, 24th Iowa Inf. Ferrian, F. W., Ist Sergt M, 2d Iowa Cav. Sweesy, M., Ist Sergt. H, 31st Iowa Inf. Eby, Samuel, Corporal A, 24th Iowa Inf.
Washington.
Fagan, John, Private I, 21st Iowa. Fagan, Hugh, Private I, 21st. Flannigan, Chas., Private B, 6th McCanna, James O., Private B, 6th
Wayne.
Himebaugh, G. L., Private D, 2d Iowa Inf. Heasty, A. M., Private M, 2d Cal. Inf. Scheer, C., Private H, Military Acad. Vol. Bates, John, Private C, 2d Iowa Inf. Stutt, John, Private D, 34th Ill. Stutt, John, Private E, La. Light Bat. Hartman, P. J., Corporal H, 14th Iowa Inf. Burke, T., Private I, 47th Pa. Weiss, J. A., Drummer B, 54th Pa. Inf. Walker, M. H., Private D, 169 Pa. Inf. Smith, W., Private A, 57th Ohio Inf. Reymore, G. W., Private K, Ist N. Y. Light Art. Priest, J. D., Private D, 2d Iowa. Wager, J., Private D, N. Y. Bigley, Noah, Sergt. I, 37th Iowa. French, Henry, Private D, 34th Ill. Green, W. H., E, 92d Ohio.
Wyoming.
Bottomstone, Geo., Private E, 9th Pa. Cav. Rohwedder, Hans, Private M, Ist Iowa Cav. Spencer, James, Private K, 24th Iowa Inf. Tebo, D. G., Private K, 24th Iowa Inf. Tompkins, O., Private K, 24th Iowa Inf. Cameron, W. T., Ist Lieut. B, 143d Ohio. Scripture, James, Private C, 21st Iowa Inf. Johnson, James, Private B, 26th Iowa Inf. Finch, I. C., Private D, 18th Mich. Inf. Streets, John, Private H, 76, Ohio Inf. Morse, M. H., Private F, 31st Iowa Inf. Lamey, Thos., Private F, 31st Iowa Inf. Paul, H. F., Private K, 24th Iowa Inf.
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Woodyard, Jerry, Sergt K, 24th Iowa Inf. Curttright, J. E., Private E, 31st Iowa Inf. Chase, Geo., Iowa.
Wyoming City.
Bender, J. J., Sergt. H, 14th Iowa.
Bronson, J. W., Private K, 24th Iowa. Marshall, T. R., Lieut., 12Ist Ohio.
Calkins, Riley, Fifer K, 24th Iowa. Wiggans. Del., Private A, 44th Iowa. Fuller, Ed .. Drummer H, 44th Wis. Merrett, C., Private, 31st Iowa. Champlain. E. B .. Private, 155th Ohio. Grindrod, J., Blacksmith A, 9th Iowa. Hepler, A. W., Private, 10th Iowa. Mullett, M. J., Private, 44th Iowa. Aldrich. Henry, Fifer G, 31st Iowa. Shibley. Oliver, Drummer G, 31st Iowa. Peck, W. H., Sergt. F, 31st Iowa. Williams, R. S., Ist Lieut. K, 24th Iowa. Loomis, A. M .. Captain K, 24th Iowa. Hart. A. A., Private K, 10Ist Ill. Hopkins, C. B., Private H, 58th Pa. Ashcraft. J. A., Private, 207th Pa. Pealer, David. wagoner E, 20th Ind. Lindsey. Nick, Private E, 126th Ill. Loudermilch, J., Private F, 104th Pa. Hawley. Frank. Private L, Ist Iowa Cav. Thomas, Elihu. Private, 14th Iowa. Calkins. R. J., Private K, 24th Iowa. Hoskins. A. R., Private M, 6th Iowa Cav. Mackrill. S. R., Private K. 24th Iowa. Bradshaw. P. R., Iowa.
McMillan, D. L., Ill.
THE SPANISH WAR.
The blowing up of the battleship Maine in the harbor of Havana on the evening of February 15. 1898, led to events in history which became of interest to the people of Jones county. On April 19, 1898, the congress of the United States adopted resolutions declaring Cuba independent, and this action precipitated open war with Spain. In the call by the United States for troops, a number of men from Jones county volunteered their services in behalf of the cause of Cuba. No company was organized in the county. Those from the county enlisting in the service were recruits, and consequently the names of those who participated in that short but decisive international war, cannot be accurately determined. Our infor-
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mation has been fragmentary, but it is ascertained that among those from Jones county in the service were : Orla Wherry, Edward Parks, Walter T. Noyes, Ervin E. Reed, Newell Berga, Will Campbell, Geo. Hernon, Geo. Hogan, John White, Perry Sigworth and Chas. Rorah.
One soldier surrendered his life blood in the cause. Walter T. Noyes, a son of Mr. and Mrs. N. B. Noyes of Onslow, died in the hospital at Montauk Point, Long Island, in 1898, of fevers contracted in Cuba. This noble life went out in the prime of young manhood. But the blood of patriotism flowed in his veins. His father before him was a soldier in the Civil war. Walter Noyes was a mem- ber of Company H, Sixteenth United States Infantry, in the regular army. His body was brought to Onslow and now lies buried in the Wyoming cemetery.
BANKS AND BANKING.
The record presented by this chapter will be found to be one of the most valu- able in determining the magnitude of the development of the resources of the county, and in securing a proper estimate of the present condition of the wealth of the people.
The record herein given, includes every bank in Jones county at the present time, with the exception of The Bank of Martelle from which the editor has been unable to secure any statement in regard to its financial condition. Omitting this one bank, the resources of the county show an aggregate amount of money on deposit in the several banks, of $4,787,305.86 and an aggregate capital in- vested of $660,000.00, and the aggregate assets or resources of nearly $6,000,000.00.
The statement given below will show at a glance the present status of the banks of the county as to deposits, capital and assets.
Deposits
Capital
Total Assets
Onslow Savings Bank.
$ 143,454.17
$ 20,000
$ 165,234.19
Monticello State Bank
1,410,090.03
100,000
1,720,648 41
Lovell State Bank.
786,574.1I
100,000
967,293.03
Oxford Savings Bank
201,888.70
15,000
225,955.72
Citizens Ex. Oxford.
137,400.00
50,000
157,510.00
Citizens Savings, Olin.
98,317.82
20,000
127,403.74
First Nat'l Bank, Olin.
124,294.83
25,000
181,144.49
Farmer's Savings, Martelle
40,314.09
10,000
50,314.09
Citizens Savings, Anamosa
122,563.49
50,000
172,761.93
Niles & Watters, Anamosa
605,272.92
50,000
690,549.17
Anamosa National, Anamosa
626,528.05
150,000
905,827.78
National Bank, Wyoming.
269,607.65
50,000
373,320.46
Citizens Bank, Wyoming
221,000.00
20,000
240,000.00
Total
$4,787,305.86
$660,000
$5.977,963.01
The financial status of the county by localities, will be seen by the following table, giving the aggregate deposits, capital and assets by towns.
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Deposits
Capital
Total Assets
Monticello
.$2,196,664.14
$200,000
$2,687,941.44
Anamosa
1,354,364.46
250,000
1,769,138.88
Wyoming
490,607.65
70,000
613,320.46
Oxford Junction
339,288.70
65,000
383,465.72
Olin
222,612.65
45,000
308,548.23
Onslow
143,454.17
20,000
165,234.19
Martelle
40,314.09
10,000
50,314.09
Total
$4,787,305.86 $660,000 $5,977,963.01
The above table is hardly fair to the Martelle locality for the reason that The Martelle Bank has not been included. It is safe to say the total assets of Jones county, as represented by the banks of the county, is over six million dollars.
We give below a short sketch, and a comparative statement of the several banks in the county, with the exception of The Martelle Bank, which we have been unable to secure.
THE ONSLOW SAVINGS BANK.
This institution of sound finance had its beginning in Onslow, August 27, 1893, as the private bank of J. T. Chandler and C. P. Manwaring, with a capital of fifteen thousand dollars. Mr. Manwaring retiring, April 1, 1895, J. T. Chandler conducted the bank alone until July 1, 1901, when C. L. Niles of Anamosa and F. J. Sokol of Onslow became proprietors. The bank continued to be a private institution.
In September, 1901, the institution was incorporated under the state law, under the name of The Onslow Savings Bank, the incorporators being C. L. Niles, president ; F. J. Sokol, vice-president; W. J. McCready, cashier; Nick Holtz, Melvin Spencer, O. C. Johnston, T. B. Johnston. The capital stock was ten thou- sand dollars. On January 4, 1909, the capital stock was increased to twenty thousand dollars. The present officers are C. L. Niles, president; F. J. Sokol, vice-president ; Roy C. Walters, cashier. Directors : C. L. Niles, Clifford L. Niles, M. Spencer, F. J. Sokol, O. C. Johnston, T. B .Johnston, Paul Paulsen.
FINANCIAL CONDITION, SEPTEMBER 14, 1904.
Loans
$52,462.83
Overdrafts
1,703.55
Cash and due from banks
27,731.80
Building and fixtures
3,100.00
Capital
$10,000.00
Undivided profits
987.44
Deposits, Time
45,316.84
Deposits, Call
28,390.22
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FINANCIAL STATEMENT, AUGUST 10, 1909.
Assets.
Bills, bonds, etc., owned by bank. $117,333-77
Cash, drafts and checks 6,272.13
Amount in other banks, subject to draft. $ 35,122.25
Overdrafts
2,809.54
Real and personal property
3,696.50
Total assets
$165,234.19
Liabilities.
Capital
$ 20,000.00
Sight deposits
$45,836.07
Demand deposits
4,372.25
Time deposits
93,245.85
143,454.17
Profits on hand
1,780.02
Total liabilities
$165,234.19
THE MONTICELLO STATE BANK.
This institution enjoys the distinction of being the strongest bank in Jones county. On April 1, 1875, the Monticello Bank was organized under the state law with a capital of one hundred thousand dollars. The bank continued to do business during the twenty years of its charter, and in 1895, the charter was renewed under the present name of The Monticello State Bank, with the same capital of one hundred thousand dollars.
The present directors : S. S. Farwell, G. Henry George, S. E. Sarles, William Stuhler, E. E. Hicks, John A. Mclaughlin, John McDonald, O. H. Soetje. H. M. Carpenter. Present officers : president, S. S. Farwell; vice-president, William Stuhler ; cashier, H. M. Carpenter ; assistant cashier, H. S. Richardson.
COMPARATIVE DEPOSITS AND LOANS.
Deposits : July 17, 1875 (first statement), $73,792; December 31, 1896. $521.566; December 31, 1897, $591,292; 1898, $746,734; 1899, $788,413; 1900, $896,487 ; 1901, $1,011, 113; 1902, $1, 149,935 ; 1903, $1,152,725; 1904, $1,155,194; 1905, $1,207,183 ; 1906, $1,379,586; 1907, $1,466,156; December 31, 1908, $1.488,810.
Loans : July 17, 1875, $118.544; December 31, 1896, $562,825; December 31, 1897, $617.665 ; 1898, $718,908; 1899, $783,469; 1900, $845,419; 1901 $969.718; 1902, $1,116,285 ; 1903, $1,095,229; 1904, $1,115,703; 1905, $1,200,557; 1906. $1.297.397 : 1907, $1,294,120; December 31, 1908, $1,399,787.
FINANCIAL STATEMENT, MAY 18, 1909. Assets.
Bills, bonds, etc., owned by bank. $1,528,145.56
Cash, drafts and checks 15,871.45
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'Amount in other banks subject to draft.
153,728.30
Overdrafts
5,903.10
Real estate
17,000.00
Total assets
$1,720,648.41
Liabilities.
Capital
$ 100,000.00
Sight deposits.
$ 238,757.22
Demand deposits
76,066.92
Savings deposits
13.393.31
Time deposits
1,081,872.58
1,410,090.03
Surplus fund
1 50,000.00
Profit and loss
60,558.38
Total liabilities
$1,720,648.41
THE LOVELL STATE BANK OF MONTICELLO.
Next to the Monticello State Bank, the Lovell State Bank of Monticello is the strongest banking institution in Jones county. This bank and its predecessors be- long to a strong banking family. Beginning with the year 1878, when G. W. & G. L. Lovell organized the bank, the institution has enjoyed prosperity, and the confidence of the people in its integrity and soundness has never been questioned.
The bank of G. W. & G. L. Lovell continued as a private banking house, until April 17. 1897, when The Lovell State Bank was organized and incorporated under the law with a capital of one hundred thousand dollars.
The present directors : George L. Lovell, R. C. Stirton, A. L. Fairbanks, J. W. Doxsee, Peter C. Smith, J. S. Hall, C. S. Bidwell, William Schodde, W. A. Mirick. The present officers : president, George L. Lovell; vice-president, J. S. Hall; cashier, R. C. Stirton ; assistant cashier, L. W. Lovell.
COMPARATIVE CAPITAL AND SURPLUS AND PROFITS, LOANS AND DEPOSITS.
Capital, surplus and profits : April 17, 1897, $100,000.00; April 17, 1898, $106.557.79; 1899, $107.705.30 ; 1900, $111,450.02; 1901, $117,482.53; 1902, $121.757.34; 1903, $128,824.01 ; 1904, $137,254.03 ; 1905, $146,762.30; 1906, $156,689.95 ; 1907, $161.705.95 ; 1908, $167,861.19; 1909. $181,061.68. Loans : April 17, 1897, $142,885.48; April 17, 1898, $303,938.27; 1899, $351,610.42 ; 1900, $416,077.82 ; 1901, $466, 121.09; 1902, $539,996.19; 1903, $598,516.02 : 1904, $616,944.02; 1905, $621,657.58; 1906, $733,608.84; 1907, $793,197.67 ; 1908, $806,407.12; 1909, $808,070.14.
Deposits : April 17, 1897, $135,830.30; April 17, 1898, $330,669.16; 1899, $363,550.28; 1900, $392,054.29; 1901, $443,960.46; 1902, $539,915.38; 1903, $574,798.41 ; 1904, $585,051.38; 1905, $623.773.84 ; 1906, $696,011.00; 1907, $777.154.38; 1908, $795,664.53; 1909, $791,946.99.
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FINANCIAL STATEMENT, MAY 18, 1909.
Assets.
Bills, bonds, etc., owned by bank.
$817,138.02
Cash, drafts and checks 18,466.42
Amount in other banks subject to draft. 112,439-77
Overdrafts
3,397.30
Real estate
15,851.52
Total assets
$967,293.03
Liabilities.
Capital
.$100,000.00
Sight deposits
$132,542.21
Demand deposits
24,744.62
Time deposits
$629,287.28
786,574.1I
Surplus
65,000.00
Profits on hand.
15,718.92
Total liabilities
$967,293.03
THE OXFORD JUNCTION SAVINGS BANK.
This solid institution was organized and incorporated under the laws of Iowa, in August, 1901, under the name of The Oxford Junction Savings Bank, with a capital of fifteen thousand dollars. This institution absorbed and succeeded The Oxford Junction Bank which had been started about 1887 and operated as a private bank by Jules Carter.
The present officers: president, George A. Wasoba; vice-presidents, Frank Burda and H. H. Petersen ; cashier, F. H. Shimanek.
FINANCIAL STATEMENT, MAY 18, 1904.
Resources.
Loans and discounts
$93,362.78
Cash and due from banks
12,166.99
Overdrafts
5,068.00
Banking house and fixtures
6,832.84
Total resources
$117,430.61
Liabilities.
Capital
.$ 15,000.00
Surplus and profits 1,700.71
Deposits
100,729.90
Total liabilities $117,430.61
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FINANCIAL STATEMENT, MAY 18, 1909.
Resources.
Loans and discounts
$188,974.35
Cash and due from banks
27,568.78
Overdrafts
3,112.59
Real estate and personal property
6,300.00
Total resources
$225,955.72
Liabilities.
Capital
$ 15,000.00
Deposits
201,888.70
Surplus and profits
9,067.02
Total liabilities
$225,955.72
Increase in deposits in five years
$101,159.00
Increase in total assets in five years.
118,525.00
THE CITIZENS EXCHANGE BANK, OXFORD JUNCTION.
This obliging financial house was first organized October 19, 1889, as the Ex- change Bank, a private institution, with a capital of ten thousand dollars, L. Zeller being the owner and proprietor. On September 1, 1908, the bank was reorganized as The Citizens Exchange Bank, with a capital of fifty thousand dollars. L. Zeller is president, and L. F. Zeller, cashier. The bank continues to be a private institution.
FINANCIAL CONDITION, JUNE 1, 1903. .
FINANCIAL CONDITION, JUNE 8, 1909.
Loans
$129,954.00
Loans
$157,510.00
Deposits
132,827.00
Deposits
I37,400.00
Capital
50,000.00
Capital 50,000.00
Surplus
7,332.00
Surplus
29,628.00
THE CITIZENS SAVINGS BANK OF OLIN.
This banking institution has enjoyed a steady growth and has tasted of the milk and honey of prosperity since its organization on May 6, 1899. It organized with a capital of ten thousand dollars, but in the growth and development of the . business, the capital was soon increased to twenty thousand dollars. The first directors : John Moreland, W. H. Crain, H. W. Flenniken, Allen Edleman, James Snoddy, John Blahney, J. D. Saum, George Schollman. The first officers : presi- dent, John Moreland; vice-president, W. H. Crain; cashier, H. W. Flenniken.
The present directors: John Moreland, W. H. Crain, H. W. Flenniken, John McMurrin, C. W. Murfield, C. J. Brickley, Gilbert Blahney, R. H. Russell, J. D. Saum. The present officers: president, W. H. Crain; vice-president, Gilbert Blahney ; cashier H. W. Flenniken ; assistant cashier, Clarence Brickley.
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FINANCIAL STATEMENT, MAY 18, 1900.
Resources.
Liabilities.
Bills receivable.
$29,897.77
Capital
.$10,000.00
Cash
5,419.56
Individual deposits
9,582.64
Due from banks.
2,580.52
Certificates of deposit
18,736.62
Overdrafts
29.91
Undivided profits
336.97
Furniture and fixtures
728.47
Total assets
$38,656,23
Total liabilities $38,656.23
FINANCIAL STATEMENT, MAY 18, 1909.
Assets.
Bills, bonds, etc., owned by bank
$96,146.36
Cash, drafts and checks
5.912.89
Amount in other banks subject to draft.
16.305.60
Overdrafts
4.952.92
Real and personal property
4.085.97
Total assets
$127,403.74
Liabilities.
Capital
$20,000.00
Sight deposits
$44,832.62
Time deposits
53,485.20
98,317.82
Profits on hand
9.085.92
Total liabilities
$127.403.74
THE FIRST NATIONAL BANK OF OLIN.
This is the youngest bank in Olin, and has already become a very active and healthy infant institution. The bank was organized and chartered under the Federal banking laws, February 1, 1905, with a capital of twenty-five thousand dollars, and the following directors: George L. Schoonover, Park Chamberlain, George W. Huber, M. H. Crissman, L. M. Carpenter, H. D. Miller, W. T. Shaw and H. D. Myrick. The officers were : president, George L. Schoonover ; vice-president. George W. Huber; cashier, M. H. Crissman.
The present directors: I. M. Carpenter, George L. Schoonover. Park Chamberlain, C. E. Walston, H. D. Miller. M. H. Crissman. The present offi- cers : president, George L. Schoonover ; vice-president. L. M. Carpenter ; cashier, M. H. Crissman.
This is one of the three national banks in the county, and is the latest one to receive a charter. It has enjoyed a steady growth and is today one of the flourishing banking institutions of our county.
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FIRST FINANCIAL STATEMENT, MARCH 14TH, 1905.
Resources.
Loans and discounts
$19,748.45
U. S. bonds
6,250.00
Premium on U. S.
296.88
Bonds and securities
379.50
Furniture and fixtures
585.00
Expenses paid
371.77
Due from National banks, not reserve agents
14,974.70
Due from reserve agents
20,164.40
Cash on hand
7,420.32
Total resources
$70,191.02
Liabilities.
Capital
$25,000.00
National bank notes outstanding
6,250.00
Deposits
38,941.02
Total liabilities
$70,191.02
FINANCIAL STATEMENT, APRIL 28, 1909.
Resources.
Loans and discounts $89,888.73
Overdrafts
5,993.89
U. S. and other bonds and premium 37,364.20
Real and personal property
12,500.00
Due from National banks not reserve agents
10,026.91
Due from reserve agents
16,699.73
Cash, five per cent fund, and reserve cash
8,671.08
Total resources
$181,144.49
Liabilities.
Capital
$ 25,000.00
Surplus and undivided profits
6,849.66
Circulation
$ 25,000.00
Deposits
124,294.83
Total liabilities $181,144.49
THE FARMER'S SAVINGS BANK OF MARTELLE.
The youngest bank in the county is the Farmers Savings Bank of Mar- telle, and its last financial statement shows that it is a strong and vigorous infant. Its organization became a matter of record December 12, 1908, with a capital stock of ten thousand dollars. The stockholders are farmers with but few exceptions. The directors are Frank Hoffman, C. J. Murfield, Abner Lacock, A. J. Baird, S. C. Batchelder, J. E. Barner, A. R. Weaver. The officers
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are : president, Frank Hoffman; vice-president, C. J. Murfield; cashier, C. H. Brown.
This institution is so young in years, that no comparative statement of its financial condition is necessary.
FINANCIAL STATEMENT OF AUGUST 10, 1909.
Assets.
Bills, bonds, etc., owned by bank $37,981.50
Cash, drafts and checks
2,137.56
Amount in other banks subject to draft 4,800.47
Overdrafts and expense account 756.65
Real and personal property
4,637.91
Total assets
$50.314.09
Liabilities.
Capital .
$10,000.00
Sight deposits
$11,018.85
Demand deposits
601.86
Time deposits
$28,693.38 $40,314.09
Total liabilities
$50,314.09
THE CITIZENS SAVINGS BANK OF ANAMOSA.
A bank that has seemed to meet with success from the start is the Citizens Savings Bank of Anamosa. With the exception of the Farmers Bank at Martelle, it is the youngest bank in the county. This institution was incorporated Nov- ember 8, 1906, by W. A. Cunningham, William Thomas, H. Hellberg, Sr., C. H. Anderson, E. K. Ray and B. E. Rhinehart. The first directors : W. A. Cunning- ham, William Thomas, C. H. Anderson, H. Hellberg, Sr., Dr. A. G. Hejinian, William T. Shaw and E. K. Ray. First officers : president, W. A. Cunningham; vice president, William Thomas; cashier, E. K. Ray. The new bank opened for business March 14, 1907, with a capital of fifty thousand dollars. The present directors : W. A. Cunningham, William Thomas, A. G. Hejinian, L. G. Ray, J. A. Belknap, E. K. Ray, W. F. Hellberg. Present officers: president, W. A. Cunningham; vice-president, William Thomas; cashier, E. K. Ray; assistant cashier, W. F. Hellberg.
FINANCIAL STATEMENT, MAY 18, 1909.
Assets.
Bills, bonds, etc., owned by bank $96,601.48
Cash, drafts and checks. 14,133-41
Amount in other banks subject to draft 46,518.61
Overdrafts
807.87
Real and personal property
14,700.56
Total assets
$172,761.93
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Liabilities.
Capital
$ 50,000.00
Sight deposits
$39,236.71
Demand deposits
1,225.00
Time deposits
82,101.78 $122,563.49
Profits on hand
198.44
Total liabilities
$172,761.93
NILES AND WATTERS SAVINGS BANK, ANAMOSA.
This flourishing banking institution had its origin as a National bank which was organized in 1871, with a capital stock of fifty thousand dollars. H. C. Metcalf was president, and T. W. Shapley, cashier. The directors were: H. C. Metcalf, C. L. Niles, John Watters, George Watters, Dr. E. Blakeslee, John Mckean, J. C. Deitz, T. W. Shapley, C. H. Lull.
In 1879, the National Bank surrendered its charter and the bank was then conducted as a private institution by H. C. Metcalf, and the following year, C. L. Niles and George and John Watters, organized under the name of Niles and Watters, private bankers, succeeding H. C. Metcalf, with a capital of twenty thousand dollars.
The Niles and Watters bank continued until February 1905, when the bank was organized under the state law as Niles & Watters Savings Bank with a capi- tal stock of fifty thousand dollars with the following officers and directors : president, C. L. Niles; vice-presidents, Clifford L. Niles and T. W. Shapley ; cashier, T. E. Watters; William M. Byerly, John McDonald, George Watters, John Watters. The present officers and directors are: president, C. L. Niles ; vice-presidents, Clifford L. Niles and T. W. Shapley ; cashier, T. E. Watters; as- sistant cashier, F. J. Cunningham ; directors, C. L. Niles, Clifford L. Niles, Geo. Watters, John McDonald, T. C. Gorman, T. W. Shapley and J. E. Remley.
FINANCIAL CONDITION ON AUGUST 10, 1899.
Capital stock
.$ 25,000.00
Deposits 328,800.00
Surplus 6,000.00
Cash and due from banks
115,000.00
Loans and discounts
235,000.00
Furniture and fixtures
365.00
FINANCIAL CONDITION, AUGUST 10, 1909.
Assets.
Cash and drafts, etc. $ 21,461.07
Bills, bonds, etc., owned by bank 531,906.11
Subject to be drawn from other banks 129,514.73
Overdrafts
4,167.26
Value of personal property
3,500.00
Total assets $690,549.17
Digitized by
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1
204
HISTORY OF JONES COUNTY
Liabilities.
Capital stock $ 50,000.00
Deposits, sight, demand and time 605,272.92
Surplus fund and undivided profits 35,276.25
Total liabilities $690.549.17
THE ANAMOSA NATIONAL BANK.
This splendid and reliable banking institution is the natural successor of the banking business which had its beginning in the copartnership formed December 26, 1873, between William T. Shaw, Lawrence Schoonover, James A. Bell and Ed- gar M. Condit, under the firm name of Shaw, Schoonover & Company, with a capital of twenty thousand dollars. Messrs. Condit and Bell later disposed of their interests to the remaining members of the firm, and the banking business was continued under the name of Shaw & Schoonover until 1894, when Colonel Shaw retired, and Mr. Schoonover continued the business individually until Jan- uary, 1897.
The Anamosa National Bank was incorporated in 1892 by Charles H. Lull, John Z. Lull, W. N. Dearborn, C. S. Millard and others, and in 1897, this bank, and the institution operated by Mr. Schoonover, was consolidated, the new in- stitution taking the name of The Anamosa National Bank, with Mr. Schoonover as president, which office he held until his death in 1907. At that time the pres- ent incumbent of the presidency, George I .. Schoonover was elected.
Park Chamberlain who had become associated with the bank as vice-president, in January, 1907, was elected cashier in March of the same year to succeed George L. Schoonover. Mr. Chamberlain remains in the bank in this capacity, and with his legal education and knowledge of men and business methods, is a splendid man for the place. Joseph N. Ramsey has been the assistant cashier of the bank since July, 1904. W. N. Dearborn is vice-president of the bank.
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