USA > Iowa > Scott County > History of Scott County, Iowa > Part 68
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The same paragraph also devised, for same purpose, 15 acres of land in the west end of the city of Davenport. directing that the
764
HISTORY OF SCOTT COUNTY.
north five aeres of the traet should always be used for the pur- poses of the home to be erected thereon. The will direeted that abont $25,000 be expended for erecting the building.
The 50th paragraph of the will provides that one-half of the residuary estate of Mrs. Cook should also be taken by the Home. On the 14th of June, 1880, the trustees and the four ladies selected by them, viz .: Mrs. Agnes French, Miss Harriet Rogers, Mrs. Mary E. Wing and Mrs. Clarie B. Bills formed a corporation as directed. These parties, with Mr. F. H. Griggs as treasurer, and ex officio a manager, formed the Board of Managers. The first officers were Miss M. E. Wing, President; Mrs. Harriet Rogers, Vice-President ; D. B. Shelley, Secretary : and F. H. Griggs, Treas- urer.
Some time was required to determine the selection of a plan for the building. but finally the plan prepared by E. C. Gardner, architect, of Springfield, Mass., was adopted.
In May, 1881, Hon. John F. Dillon resigned as a manager, and N. Fejervary, of Davenport, was elected to fill the vaeaney.
In June, 1SS1, the contraet for erecting the building according to the plans and specifications of architeet E. C. Gardner, was let for $19.500.
Mr. Fejervary, Mr. Shelley and Mrs. Wing were appointed as a building committee, and selected Mr. Vietor Hunt as superintend- ent of the work.
At the meeting of the board for eleetion of officers in June, 1881, the same officers were re-elected, except Mr. Shelley, who desired to be relieved from duties of secretary, and E. E. Cook was elected as secretary.
The building is now ( March, 1882) well advanced, and will be ready for ocenpaney not later than July, 1882.
The share of the residuary estate coming to the Home from Mrs. Cook's estate is estimated to be worth over $65,000, in addition to the 850,000 and 15 aeres of land given by the 11th paragraph of the will.
Rules and regulations for the admission and government of inmates have been adopted by the board, and before the completion of the Home will be published in pamphlet form. One of the orig. inal trustees and managers, Mr. Daniel B. Shelley, died on the 21st of Mareh, 1882.
SECRET AND BENEVOLENT SOCIETIES.
The Independent Order of Odd Fellows was introduced into Davenport in 1847. Davenport Lodge, No. 7, being instituted April 23. The charter members of the lodge were James Thorington, S. Schofield, T. V. Blakemore, S. MeCormick and V. M. Firor. The first officers were James Thorington, N. G .; S. MeCormiek, V. G .; T. V. Blakemore, R. See .; V. M. Firor,
765
CITY OF DAVENPORT.
Treas. The present officers are John B. Lindsay, N. G .; W. D. Strike, V. G .; W. F. Banmgartner, Sec. ; A. J. Weinheimer, 1. Sec .; John B. Schmidt, Treas.
State Encampment, No. 3. was instituted April 23, 1848, with James Thorington, R. M. Prettyman, J. H. Morton, T. V. Black. more. Lewis Hamilton, Marens Westlake. L. J. Center, Jonathan Crousda'e, as charter members. The camp now numbers 57 mem - bers, and meetings are held the second and fourth Friday in each month. The officers of the present term are James Cozett, C. P .; Samuel Mitchell, H. P .; John Scheck, S. W .; William B. Kerns, J. W .; J. T. Temple, T .; T. V. Blackmore, S.
Scott Lodge, No. 37, was instituted Jan. 13, 1852, hy James Thorington, D. G. M., with T. V. Blakemore. Jr .. John A. Boyd' William Howard, William Sims, William H. White, George G. Arndt, B. Roberts, A. Smallfield and T. V. Blakemore, Sr., as charter members. The lodge now has a membership of 337. Its officers are Henry Dunker. N. G .; II. G. Parrmann. V. G .; Fred. Schiel, P. S .; IL. D. Statmer, Treas .; M. Goldfriedrich. R. Sec.
Herman Encampment is in good condition, with the following named officers : W. Weidner, C. P .; John C. Branch, H. P .; R. Lange, S. W .; A. Schutz, J. W .; R. Rusch, Treas .; M. Gold- friedrich, Scribe.
Scott Rebecca Degree Lodge, No. 2. was instituted Dec. 18 1868. It has a membership of 66. Its present officers are: N. Mneller, N. G .; Kathrina Lamp, V. G .: M. Goldfriedrich. Scc.
The Masonic Order was first introduced into Davenport in 1853, by the institution of Davenport Lodge, No. 37, A. F. & A. M. This lodge has now had an honorable career of 29 years, and now numbers 157 members. Its present officers are : George B. Swan, W. M .; Ed. T. Morgan, S. W .: Sammel Porter, J. W .: Chas. W. Decker, Treas .; J. H. Harrison, Sec .; Geo. M. Barrette. S. D .; John Annable, Jr .. J. D .; John W. Rickey, S. S .; Wm. L. Dal- zell. Jr., J. S .; Moses Hobbs, M. C .; J. W. Jamison, T.
Trinity Lodge, No. 205. A. F. d. A. M., was chartered June 5, 1867, and incorparated April 11. 1571. It now numbers 88 mem- bers, with the following named officers : S. II. Phimmer, W. M .; C. N. Peet, S. W .; W. F. Zimmerman, J. W .; G. P. MeClelland, Treas .; J. B. Mason, Sec .; M. B. Cochran. Chap .; D. F. Power, S. D .; L. C. Steir. JJ. D .; N. Frey. S. S .; F. Graham, J. S .; W. F. Birchard. M. of ( .; W. G. Jones, T.
Fraternal Lodge, No. 221, A. F. c. A. M., was organized Aug. 27, 1867, under a dispensation granted by the M. W. Grand Mas- ter, Reuben Mickle, dated Ang. 7, 1867. The following were the first officers: James T. Lane, W. M .; James Thorington, S. W .; Chr. Toerring, J. W .; Frank H. Miller, Treas .; John M. Lyter, Sec .; llerman Pollock, S. D .; August J. Buck, J. D .: D. C. Roundy, S. S .; Win. Mark Walter, J. S .; John N. Davis, T. On June 3, 1868, a charter was granted the lodge from the M. W.
766
HISTORY OF SCOTT COUNTY.
Grand Lodge of Iowa. The present officers are: Frank W. Angel, W. M .; John C. Johannsen, S. W .; Hugh Somers, J. W .; F. W. Lerch, Treas .; E. Weingartner, Sec .; J. Il. Somers, S. D .; C. H. Moeller, J. D .; W. II. Bolte, S. S .; C. M. Wittig, J. S .; W. G. Jones, T.
J. T. Lane served as W. M. from 1867 till 1870. and was suc- ceeded by Chr. Toerring, who served one year when F. W. Angel was elected and has served to the present time. J. M. Lyter was the first secretary and served two years: E. S. Carl was then elected and also served two years. H. C. F. Jansen came next and served for the same period; E. Weingartner was then eleeted in 1873, and has annually been re-elected. The lodge numbers 78 members.
Davenport Chapter, No. 16, R. A. M., was organized Nov. 25, 1856, with H. W. Mitchell. H. P .; Austin Corbin, King, and O. S. MeNeil, Seribe. The chapter has always been in good condition and now has on its roll 108 members.
Its present officers are: George R. Marvin, H. P .; D. B. Shelley, King; W. J. Birchard, Scribe; W. C. Warriner. Treas .; M. D. Suyder, Sec .; C. H. Peet, C. H .: A. 1. Stearns, P. S .: Fred Lerch. R. A. C .; J. II. Somers, 3d Veil ; W. F. Zimmerman, 20 Veil ; E. Weingartner, 1st Veil ; W. G. Jones, Guard.
St. Simon of Cyrene Commandery, No. 9. K. T., was chartered Sept. 28, 1866, with the following named charter members : C. Stewart Ells, W. F. Peck, O. HI. Watson, J. Lewis Drew. J. J. Dixon, D. S. Watson, George H. Carpenter, J. E. Dixon, A. R. Dixon, A. C. Dixon, and W. C. Warriner. Of this number O. H. Watson. J. J. Dixon, J. E. Dixon, A. C. Dixon have been demit- ted, and D. S. Watson and George H. Carpenter have died. W. F. Peck was the first Commander and George F. Carpenter, Gen- eralissimo. The present officers are Jarvis White, Commander ; A. R. Dixon, Generalissimo ; R. W. K. White, Capt. Gen .: S. H. Plummer, Prelate : W. C. Warriner, Treas .; C. J. Brown, Re- corder. The membership is about 60.
TURNER SOCIETY.
This society was organized Aug. 5, 1852. Christ Mueller was the prime mover in its organization. Theodore Guelich was elec- ted its first President , Charles Witkoff, Secretary ; Christ Mueller, Turnwart ; Louis Hansen, Cassenwart. The society started with 13 members. During the late civil war several of its members went into the army and were killed in battle or died. Sinee the war it has steadily increased in numbers and interest until it now has 230 members. About two years after the organization of the society. a class for boys and youths up to 18 years was commeneed which now numbers 200. About 1871 a class for girls was started, which now numbers about
767
CITY OF DAVENPORT.
80. A ladies class was established in 1880, which numbers 20 members. The society own their hall, a two-story build- ing, 50 x 75 feet, lower floor of which is used for the gym- nasium, and the upper floor for meetings and library purposes. In the hall may be found all the apparatus for a complete gymnasium. The library contains about 1, 400 volumes. The society also own the theater building on the same lot. 100 x 150 feet. The theater proper is 70 x 150, and will seat 1,000 persons. The build- ing is leased by parties who are bound by their contract to keep a good dramatic troupe and give performances seven months in the year. The theater is located on the corner of Third and [Scott streets. The property of the society is estimated at 820.000.
Scott Lodge. No. 2. Legion of Honor. was organized in March, 1879. with 50 charter members. The business and objeets of this order are to promote fraternity, afford financial aid and benefit to the widows, orphans, heirs or devisees of deceased members, to assist a brother when sick or needy. in such services as his necessities may require. The motto of the Order is "Confidence, Prudence and Honor." The order has flourished here, and now numbers 166 members. The present · officers are: Jacob Coehring. P .: J. S. Ports, V. P .: C. C. Camp- bell, R. See .; J. II. Maxwell. F. See .: Wm. Thompson, Treas .; George HI. Young and C. II. Schweitzer, U .; W. H. Hender, S. Stella Collegium. No. 55. V. A. S. Fraternity, was organized Dec. 1. 1580. Its first officers were: D. B. Shelley, R. ; J. B. Young. V. R .; Ed. J. Cameron. S .; G. E. Maxwell. Q .; John;N. Paxton, U .; Henry Schweitzer, Spec .: George E. Hub- bell, George E. Gould and J. B. Young, C .; C. G. Jones. Q. R. The object and business of this order is to establish and promote sentiments of fraternity, to afford financial aid and benefit to the widows, orphans, heirs or devisees of its deceased members, and to give to siek and needy brothers such service and assistance as their necessities may require. The order has been quite prosper- ous, and now numbers 125 members. The present officers are D. B. Shelley. Rector; W. T. Kerr. V. R. ; Edwin D. Cameron, S .: W. L. Marks, Q .: H. Schweitzer, U .; Charles A. Friele, Spec .: George Gould, W. Gromall, W. M. Harris, C.
The United Brotherhood of Iowa was organized at Davenport. July 9, 1879. its object being to promote fraternity and to afford financial aid and benefit to the widows, orphans and heirs, or de- visees of deceased members of the order. D. B. Shelley was the first Grand President, and C. C. Campbell. Grand Secretary. There are now four lodges in this city-Grand. Davenport, No. 2; Germania, No. 3; Columbia. No. 4. The membership of the order in the city is about 300.
There are two lodges of the order of Knights of Pythias in this city. Damon Lodge. No. 10, was instituted June 16, 1>71. with the following named charter members :- John Haley, E. B. Ballwin, F. Billips, C. F. W. Meyer. J. W. Jamison. C. E. Moore. L. S.
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HISTORY OF SCOTT COUNTY.
Johnson. W. G. Jones, J. A. Reid, R. Woodmansee. P. J. Pur- cell, John Gundaker, J. S. Drake. John Cameron. C. II. Eldridge, C. P. McGee, J. T. Temple. L. A. Worth, W. R. McCrellias, Adam Miller, W. H. Lamphere, J. Malchan, G. Schnitger. Its first officers were :- John Haley, W. C .; John Gundaker. V. C .; L. S. Johnson. F. S .; W. R. MeCrellias, G .: J. W. Jamison, V. P .; R. Woodmansee, R. S .; C. H. Eldridge, B .; J. T. Temple. I. S .; C. F. W. Meyer, O. S. The present officers are :- T. A. Kerr, P. C .; J. A. Andrews, C. C .; G. W. Strong, V. C .; John Gundaker, K. of K. & S .; John T. Temple, M. of E .; John Cameron, M. of F .: George Metzger. P .; B. F. Taylor, M. of A .; Ben Raphell. I. G .: Andrew Lyman, O. G. Davenport Lodge, No. 50, was instituted Jan. 29. 1880. It is in a flour- ishing condition and numbers 81 members. The following named comprises the officers in the spring of 1882: P. C., Henry Wichelmann; C. C., Theo. Rath: V. C., Angust Sebelin; Prelate, John Lnetze; M. of F., Fred. Sich; I. G., Jacob Freimann; O. G. William Ramm; K. of K. & S .. Theo. Martens; M. of E., Christ. Timm; M. of F., Gust. von Dohren.
The United Order of Ancient Templars was instituted May 8, 1877, and has met with good success, now numbering 78 members.
U. A. O. OF DRUIDS.
Teutonia Grove, No. 9. organized May 20, 1878. First officers : Ferdinand Stoteran, P. A. ; Jacob Rolfs, N. A. ; Crist Jaeger, V. A. ; Leopold Wichelmann, See. ; Charlie Jentch, F. Sec. ; Ernst Ruge, Treas. ; August Pott, A. G. Present officers : John J. Peters. P. A. ; Leopold Wichelmann. N. A. : Henry Hass, V. A. ; Rudolph Hebbeln, See. : John Helmke, F. Sec. : Angust Pott, Treas. ; Detlef Hansen, I. G .; John Brand, O. G. : William Ehlers, Con. Forty members; meets every Friday evening at Washington Park Hall, corner Marquette and Leonard streets.
The Davenport Druid Circle. No. 1. was organized in March, 1881. The officers are : John Speetzen, P. A. D. ; John Peters. A. D. ; Miss Minna Speetzen, Ist Bard : Charlie Bebensee, 2d Bard; Miss Theresa Langtimm, Sec. ; Miss Johanna Bebensee, Treas. : Miss Minna Pott. I. G. ; Miss Flora Levsen. O. G. ; Lni Levsen, Conductor ; and Cristine Meyer, Conducterin. The lodge numbers about 30 members. They meet the last Saturday evening in each month at Washington Park Hall, corner of Marquette and Leonard streets.
THE DAVENPORT HIGH SCHOOL ALUMNI SOCIETY
was organized in 1872, the first meeting for that purpose being held in the old High School building, corner of Maine and Sixth streets. James De Armond was elected president of the society for one year, the number of graduates at that time being about 50. The first re-union and banquet of the society was held at the "Newcomb
:ROBERT : TOWNSAND :
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CITY OF DAVENPORT.
House " on Thursday evening, June 26, 1873. It was one of the most successful and pleasant gatherings ever assembled in this city. There appeared to be. and was evident to all, a feeling of great cordiality among all who were present, and such a unity of thought and a degree of genuine pleasure at the re-union of per- sons who had been old schoolnates in years gone by, and who now are among the most respected residents of this and other cities, that the occasion could not but be an agreeable one. The society has since that time maintained its annual re-unions and festivals except in 1881, and now numbers some 350 members. The following is a list of the presidents of the society from 1872 to the present time. List of presidents D. H. S. A. : 1872, James M. Dearmond ; 1873. Frank S. Balch ; 1874. Wm. M. Middleton, M. D. ; 1875, Edwin G. Sawyer : 1876, Jacob J. Nagle ; 1877, James M. Dearmond , 1878, Charles C. Leslie ; 1879, Charles Davison ; 1880, Alfred D. Churchill ; 1881, John M. Dearmond.
BANKS.
In the early years of Davenport there was little need of banks or bankers. Money was very scarce, most of the store bills being paid in produce, and merchants kept about them what money they took in until they went to St. Louis, Cincinnati or Pittsburg to lay in stocks. Otherwise it was sent by letter or boat officers.
In 1847 Cook & Sargent opened a bank of deposit and exchange in connection with a general land agency ; this office was on the cor- ner where the First National Bank now stands, which elegant edi- fiee was by that firm built in 1857. As to capital, it amounted to but a few thousands. They began on the dawn of improving times and did a prosperous business for 10 years, winding up its busi- ness in 1859. Through its branch bank at Florence, Neb., where J. M. Parker was partner, they operated a bank of issue, the notes of the bank of Florence having considerable circulation. Mr. Cook died in Davenport a few years since, also Mr. Sargent, in Ems, Germany.
The second bank started was that of Macklot & Corbin, on the northwest corner of Second and Brady streets, in 1852, on a capi- tal of $10,000. It was a bank of discount, deposit and exchange, and condneted a prosperons business for about 10 years, when Mr. Austin Corbin withdrew his capital, and the bank was removed to Main street, where it was gradually wound up by Lonis A. Mack- lot, some time before his death. Mr. Corbin conducted an office of his own until 1863, when he organized the First National Bank of Davenport, but removed to New York some four years later and is now the head of the Corbin Banking Company of New York and Boston.
In 1855 was opened on Main street the bank of Yerby & Bar- row, which in the same year became that of Chubb Bro., Barrow & Co., which continued in business until 1858, when it closed. The
45
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HISTORY OF SCOTT COUNTY.
same year was opened in same street the bank and land agency of McGregor, Lawes & Blakemore. This bank was operated for about nine years. On Main street, also, were the exchange and deposit banks of Nicholls & Campbell and Doolan & Stump in 1857, which were subsequently wound up, as were also the banks of Tollman, Powers & McLean and Raymond & Co., on Brady street.
Up to 1858 there had been no banking law in Iowa. That year a banking act was passed by the General Assembly, and a branch was established in this city, called the Merchants Branch of the State Bank of Towa, with a capital of $50,000. Its first officers were Geo. L. Davenport, President; B. B. Woodward, Cashier. Its office was on the southeast corner of Main and Second streets. The bank did a prosperous business, but in 1865, after having increased its capital to $100,000, and erected the banking house now occupied by the Davenport National Bank, was merged with the Davenport National Bank, which had just organized, with a capital of $100,000, and, abandoning its State charter for a national, became the Daven port National Bank of to-day.
The First National Bank was organized ne 27, 1863, with a capital of $100.000. Its organization papers were the first to be filed in Washington under the national banking act, and would have had the first charter issued, but for some informality in the papers which required them to be returned for correction. This loss of time placed it at No. 15 on the list. Its first board of directors were Royal L. Mack, Geo. S. C. Dow. Thos. Scott, J. E. Stevenson, Geo. II. French, James Armstong, Frank H. Griggs, John Schmidt, Austin Corbin. Its first president was Austin Corbin, who was succeeded in the presidency by Ira M. Gifford, Iliram Price, James Thompson, Chas. E. Putnam and T. T. Dow. The first cashier was Ira M. Gifford who was succeeded by D. C. Porter, Win. H. Price. D. C. Porter, L. G. Gage and John B. Fidlar.
The following condensed statement shows its financial career:
STATEMENT JAN. 2, 1864-RESOURCES.
Loans and discounts.
98,443 69
U. S. Bonds. . 20,960 00
Cash. . .
153,607 46
Due from banks and U. S. Treasurer .. . 114,383 68
Furniture and fixtures.
415 34
Total
$387,809 17
LIABILITIES.
Capital stock paid in.
$ 55,210 00
Undivided profits .. 3,525 06
Due U. S. Treasurer. 35,005 33
Deposits. 294,068 78
Total
$387,809 17
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CITY OF DAVENPORT.
STATEMENT JAN. 2, 1882-RESOURCES.
Loans and discounts
$529,669 16
U. S. bonds .. 50,000 00
Banking House 20,000 00
Cash .... 127,913 27
Due from banks and U. S. Treasurer
89,078 21
Total.
$816,660 64
LIABILITIES.
Capital stock paid in. . $100,000 00
Surplus and undivided profits. 100,821 76
Circulation. 45,000 00
Deposits 570,838 88
Total. .$816,660 64
The present directors are Walker Adams, James Thompson, T. T. Dow, A. Burdiek, Henry W. Kerker, L. Sehricker, J. E. Stev- enson, L. C. Dessaint, Nat. French, August Steffen, Henry Kohrs.
The Davenport National Bank was organized as before stated. Its capital $200.000. The original directors were Hiram Price, A. J. Preston, Lorenzo Schrieker. J. H. Berryhill. Robert Lowry, C. S. Watkins, Geo. L. Davenport, John Owens, Samuel Hirschl. The first president was A. J. Preston, who was succeeded by Geo. L. Davenport, B. B. Woodward and E. S. Ballord. The first vice- president was J. H. Berryhill, who was succeeded by E. S. Ballord and S. T. Smith. The first cashier was C. S. Watkins, succeeded by B. B. Woodward and Geo. E. Maxwell.
The present directors are W. D. Peterson, Geo. II. French, H. Price, L. Schricker, E. S. Ballord. I. H. Sears, W. Renwick, S. F. Smith, John P. Phelps.
THE CITIZENS NATIONAL BANK
was organized March 18, 1868, and opened with charter No. 1,671 at southwest corner of Brady and Second streets, with a capital of $100,000. Its first directors were L. B. Meyers, Thos. M. Me- Clelland, W. C. Wadsworth, Jona. S. Smith, George E. Wood, D. N. Richardson, and George II. Parker. Its first president was Moses Kelly, who was succeeded by W. C. Wadsworth, C. Stewart Ells, and Frank H. Griggs. Its vice-president was J. S. Smith, who was succeeded by Robert Krause. Its cashier was A. O. Butler, who was succeeded by J. C. Conklin, C. Stewart Ells, Hugo Schmidt, and E. T. Carl. It was removed to the northwest corner Main and Second streets, in 1872 and its board increased from nine to eleven. The subjoined condensed statement shows its financial career for 1872-1882:
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HISTORY OF SCOTT COUNTY.
FEB. 2, 1872.
RESOURCES.
LIABILITIES.
Loans and Discounts .. $ 220,604.30
Capital Stock.
$ 100,000.00
United States Bonds.
116 000.00
Surplus
3,000.00
Furniture.
3,600.00
Undivided Profits.
3,693.33
Premiums
8,070.59
Circulation.
90,000.00
Due from Banks
35,582.04
Deposits.
243,784.94
Cash.
56,621.37
$440,478.30
$440,478.30
FEB. 3, 1872.
Loans aud Discouuts.
$ 656,248.56
Capital Stock.
$100,000.00
United States Bonds.
100,000.00
Surplus.
75,000.00
Due from Banks.
258,882.61
Uudivided Profits. .
18,553.43
Cash. .
119,950.16
Circulation. 90,000.00
Deposits
851,527.90
$1,135,081.33
$1,135,081.33
Dividends paid to Jau. 1, 1882, $148,000.
The present directors are : T. W. McClelland, Robert Kranse. Otto Albrecht, J. Lorenzen, Nicholas Kulinen, D. N. Richardson, W. C. Wadsworth, F. H. Griggs, D. Gould, H. H. Andresen, P. T. Koch.
SAVINGS BANKS.
The first savings bank was organized in Davenport in the begin- ning of 1864, the incorporators being Austin Corbin, F. H Griggs, J. J. Burtis, W. II. Decker, Geo. II. French, D. N. Richardson, Henry Lischer, Robert Krause, Daniel Gould, and several others. It commenced business early in February, in the First National Bank Building, with a capital of $100,000, 10 per cent. paid up. Its first president was David S. Trne, and was managed by a Board of Control. It grew rapidly and in a few years became a very wealthy institution, but becoming, through some of its personal connections, embroiled in what was known as the " First National Bank fight," went into liquidation in 1870 and its affairs wound up at great loss. Upon its ruin was started the Davenport Savings Bank.
THE GERMAN SAVINGS BANK
was organized in March, 1869, with H. H. Andresen, Henry Lischer, Louis Wohle, Nicholas Kuhnen, John Lyter, Jens. Lorenzen, Daniel Gould and others as incorporators. The capital was $10,000 paid up, and went into active operation Feb. 1, 1869, at the northeast corner of Harrison and Second streets. The original
775
CITY OF DAVENPORT.
board consisted of H. H. Andresen, Henry Liseher, Robert Krause, Lonis Wohle, John M. Lyter, Daniel Gould, Otto Albreeht, and Jens. Lorenzen. Henry Lischer was the first President; L. Wohle, Vice-President; H. II. Andresen, Cashier; which officers have held their positions without change to this day. The present directory is as follows : H. H. Andresen, Henry Liseler, Nicholas Kuhnen, Otto Albrecht, Daniel Gould, Jens. Lorenzen, J. M. Lyter, Henry Techentin, and L. Wohle.
THE DAVENPORT SAVINGS BANK.
The Davenport Savings Bank was organized under the General Incorporation Laws of the State, on March 28, and opened its doors for business on April 5, 1870. Its authorized capital was $600,000 and its paid up eapital $12,000. The former was subse- quently increased to $900,000 and the latter to $54,000. The fol- lowing persons constituted its first Board of Trustees, viz. : James Grant. Charles E. Putnam, Lonis Haller, Henry Kohrs, John Schmidt. F. Ochs, E. Sherman, Ira M. Gifford, J. D. Campbell, Peter Kerker, and D. N. Richardson. Of these, the four persons first named have remained in the board down to the present time.
Upon the inauguration of the savings bank system in the State, this bank was the first to re-organize thereunder. Its certificate of re-organization bears date Oct. 17, 1874. Under the new system the authorized capital of the bank was fixed at $120,000, its easlı eapital remaining as before, 854,000. The latter. under the requirements of the law, has been increased as the deposits of the bank increased, until, at the present time, the paid-up capital is $90.000, and the preliminary steps have been taken for its fur- ther increase to $120.000, the limit of its authorized capital.
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