USA > Indiana > Delaware County > A twentieth century history of Delaware County, Indiana, Volume I > Part 32
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295
HISTORY OF DELAWARE COUNTY
the drug trade, at which he continued until I870, when he removed to Cali- fornia, where he remained until his death at Redlands, July 25, 1903.
Dr. Clark Skiff ( 1826-1888) was born in Clinton county, Ohio, Jan- vary 16, 1826. He located in Selma in the year 1855, where he conducted an active practice until his death, which occurred October 12, 1888. Dr. Skiff was a modest unassuming physician, as well as the type of a Cliris- tian gentleman.
Dr. John Horne ( 1814-1883) was born in Scotland, February 14, 1814. He graduated in medicine at Cincinnati in 1840. He located in Yorktown about the year 1855, and remained there until his death, October 16, 1883.
Dr. James McCulloch ( 1813-1877) was born in Springfield, Pennsyl- vania, March 27, 1813. He graduated at the University of Pennsylvania, in 1847. For a time he practiced medicine in Lancaster, Ohio, and removed to Muncie in 1856. Dr. McCulloch was a modest, studious, and ethical physician. He was an upright Christian gentleman in the full sense of that term. He died at Muncie May 3, 1877.
Dr. Henry C. Winans ( 1829-1884) was born in Greene county, Ohio, December 31, 1829. He was a graduate of the Starling Medical College. He first practiced medicine at Xenia, Illinois. Here he was residing when the civil war began, and he entered the service as Surgeon of the 25th Illinois Volunteer Regiment. He was compelled to resign on account of physical disabilities, and came to Muncie in 1862, where he remained until his death, October 17, 1884. The last few years of Dr. Winans' life he suffered intensely from rheumatism and its results.
If space would permit, I would gladly extend this roll of honor, but I must desist. I will add a list of deceased physicians in chronological order as to dates of death :
Levi Minshall, March 6, 1836. Ezra Stiles Trask, 1839.
John Allen Clark, May 12, 1847.
Isaac C. Helm, March 2, 1850.
Andrew J. Clawson, March, 1851.
Samuel S. Winslow, November 20, IS53.
Benjamin Paris, 1854. Daniel H. Andrews, March 12, 1856.
Franklin P. Furry, July 14, 1858.
George W. Edgerle. November 10, 1861.
George W. Godwin, April 20, 1865. John H. Rutter, February 15, 1866. William C. Willard, November 6, 1869.
Samuel E. Mitchell, January 26, 1871.
Jeremiah Dynes. November 14, 1871. John C. Helm, April 8, 1872.
John E. Van Buskirk, March 25, 1873.
296
HISTORY OF DELAWARE COUNTY
William H. Williams, July 10, 1873. William Andrews, December, IS73. George W. Garst, February 26, 1874. John A. Williams, May 13, 1875. Samuel P. Anthony, July 22, 1876. James McCulloch, May 3, 1877. Norman W. Black, July 30, ISSO. James H. Powers, March 9, ISS2. Benjamin F. Hittle, July 26, ISS2.
Oliver F. Anderson, June 23, 1883. Jolin Horne, October 16, 1883. Henry C. Winans, October 17, ISS4. Robert Winton, July 30, 1885. George W. Slack, January 10, 1886. Samuel V. Jump, August 13, 1887. Clark Skiff, October 12, ISSS. Andrew J. Green, January 5, 1889. John H. Helm, May 2, 1890.
Francis M. Davis, April 5, 1891.
Stephen Hathaway, April 20, 1891. Milton James, April 21, 1891.
David R. Armitage, August 23, 1891. Allison B. Bradbury, January 23, 1892. William W. Cornelius, July 3, 1892. William R. Rogers, February 2, 1893. Horace Winton, March 17, 1893. Solomon R. Snell, April 29, 1893. Evender C. Kennedy, August 26, 1893. Tolin S. D. Comstock, February 24, 1896. John W. Pugh, September 24, 1896. William J. Morgan, October 13, 1896. Abner C. Jones. January 28, 1897.
Nathanael C. Dill, February 14, 1897. Elijah D. Rutledge, July 4, 1897. Seth Allen, March 15, 1898. Martin W. Ricks. April 19, IS98.
John W. Sage. December 10, 1899.
Jesse M. Harris, January 15, 1900. Joseph K. Shideler, March 28, 1900. James S. Williams, May 4, 1900. Robert Polk, April 19, 1901. Daniel Schaub, June 8, 1902. John E. Moler, July 24, 1902. Henry C. Summers, November 4, 1902. Isaac N. Addington, January 21, 1903. Henry Kirby, June 22, 1903. William Craig, July 25, 1903.
Elisha J. Puckett, September 10, 1903. David R. Mckinney, September 29, 1903. W. H. Wheeler, September 14, 1904.
297
HISTORY OF DELAWARE COUNTY
David M. Shively, January 3, 1905. Augustus H. Shively, March 28, 1906.
Alfred L. Murray, June 7, 1906. Jolin B. Guysinger, October 21, 1906. George W. Cassel, July 1, 1906. John B. Summers, July 17, 1907.
Alphabetical List of Physicians of Delaware County from 1827 to 1907.
* Dead. i Removed. # Soldier of Civil War.
* Adams, Aaron
i Adams, Bonnie O.
' Adams, Godfrey ¡ Adams, Mary E.
" Addington, Isaac N.
* Allen, Seth Ames, George F.
' Anderson ( Niles Tp.)
* Anderson, Oliver F.
* Andrews, Daniel H. Andrews, George R.
* Andrews, William
¡ Andrews, William J.
. Anthony, Samuel P.
t Arlington, ( Eaton)
f Armington, J. L.
* Armitage, David R.
¡ Armstrong, P. Arnold, James W. Atkinson, James M.
i Austin, Winser
Bacon, Casper L.
Baird, John V. Baird, Mary A.
¡ Baker, Harry H. Ball, Clay A. Ball, Lucius L.
¡ Ballard, Albert M. Barnard. Pliny C.
+ Barnes, Robert A.
+ Beam, Ulysses S. G.
" Beck. Isaac N.
? Beckwith, Edwin Bell, John N.
# Berry, John L. ah D. i Birchfield. James W.
¡ Bishop, Elias A.
i Blachley, T. L.
' Black, Norman W.
ーーーーーーーーーーー
¡ Bland, Mary C.
i Bobbitt, William H.
¡ Bohannon, Charles L.
i Bonnels, L. J.
¡ Bowers, Joseph F. Bowles, Herman S. Bowles, Thomas J. Boyden, Wilbur J.
¡ Brabham, William S. ** Bradbury, Allison B.
i Bragg, William N.
¡ Brandon, Oscar W. Brandon, Winfield S.
i Brennan, V. Graham
¡ Broadbent, Oliver
¡ Bryson, William A. Bucklin, George W.
i Bufkins, Ezra E.
¡ Bulla, Joseph M. Bunch, Fred L. Bunch, Robert A. Bunch, Rollin H.
i Burcham, Henry C. Burris. Samuel O.
* Burt, Dickinson Burton, Thomas C.
i Cameron, John J.
i Carter, William J.
** Cassel. George W. i Caswell, Glenn G. Cecil, Aaron A.
* Chandler, George E. Chapman, Milo
i Chase, (Muncic.)
¡ Childs, Benjamin F.
i Christopher, William H.
* Clark, John Allen
* Clawson, Andrew J.
¡ Clemens, William D. Coffman, John S.
298
HISTORY OF DELAWARE COUNTY
* Comstock, Jolin S. D.
¡ Compton, Joshua A. Cooper, Absalom M.
i Cornelius, A. Jackson
* Gandy, (Granville.)
* Garst, George W.
i Gernaud, J. E. i Ginn, James F. * Ginn, Jolın C. Glasgow, Glen A.
* Craig. William
i Cullen. John C.
¡ Gleason, George W.
i Danner, John A.
* Godwin, George W.
# Good, Alonzo H.
¡ Graham. John J. Grant, William L. T.
i Gray, Frank P.
* Green, Andrew J. Green, Dwight M. Green, George R.
¡ Greenfield, Julia
¡ Greer, Lee H.
i Gregg, Elijah H.
i Griffin, Anna M. L.
i Griffith, Edward T.
i Griffith, J. Barton
** Guysinger (Granville)
* Guysinger, John S.
* Hall, Jolın
i Halton, John Harbaugh, Cyrus A.
¡ Dragoo, Christina
¡ Driscoll, William E. Drumm, Howard
i Dumon, John H. Dunn, William H.
* Dynes, Jeremiah Eastes, William T.
** Edigerle, George W.
i Egbert, William A. Ellis, Edwin W.
* Eskew. William C.
* Esterbrook, A. F.
i Ewing, Mrs. Herbert H. Fair, Herbert D.
i Fallis, Amos L.
i Farrow, W. R. i Fenner.
* Fertich, George W.
+ Fisher, John M.
Flowers, Bartina J.
i Foster, E. Marvin
i Fowler, Elmer E.
Franks, Hamilton P. Frazer, Charles
* Furry, Franklin P.
* Cornelius. William W.
# Cottrell, Daniel W.
i Cowgill, Alla Cowing. Hugh A.
¡ Davis, Elmer J.
** Davis, Francis M.
¡ Dawson, (Shideler.)
¡ Day, Benjamin F.
i De Long, Orville A.
¡ Derbyshire, John E. Dick, Peter B.
* Dill, Nathanael C.
* Dille, Edward
¡ Dillon, Jephtha
Dodds, Thomas C.
7 Doolittle, (Muncie. )
i Douglas, H. L. Dowell, John A.
# Downing, Jonathan R. Downing, J. Frank ##Downing. Samuel G.
* Harris, Jesse M. Hastings, Aaron H.
i Hastings, Seth G.
* Hathaway. Stephen Hayden, John H.
* Helm, Isaac C.
* Helm, John C.
* Helm, Jolın H.
i Heltman, Elmer W.
* Henley, Ambrose W.
* Henning ( Niles Tp.) Henry, Thomas C.
¡ Hetsler, Orrie I.
i Hickman, Thomas L. Hill, Frank E. .
Hill, J. Stanley
* Hittle, Benjamin F.
¡ Hood, C. O.
¡ Hoover, J. Emery
----- 1 -* ¡ Hoover, (Muncie.)
Horne, John
290
HISTORY OF DELAWARE COUNTY
¡ Horne, William N.
¡ Hough, William A. Houseman, Kate Huber. George W.
##ilunt, Jolin W.
¡ Hunt, Thomas
* Irwin, John Jackson, Frank G.
* Jackson, Logan M.
** James, Milton t Jeffrey, Homer S.
i Johnson, Thomas S. (Missionary in India.)
** Jones, Abner C. i Jones, Alfred F. Julian, James F. Jump, Charles A. Jump, Samuel G.
Jump, Samuel V. Kearns, Thomas A. Kemper, Arthur T.
# Kemper, General W. H. Kemper, William W.
* Kennedy, Evander C. Kilgore, Franklin T.
* Kilgore, Tecumseh
* Kirby, Henry
¿ Knotts (Granville)
¡ Kratzer,
¡ Krohn, W.
* Kyte, David V.
i Langtry, Sarah E. Larimore, Joseph D.
i Lee, David F. Leech, Garret D. Le Favour, Joseph
* Lewellen. Wesley Little, Benjamin F.
" Littler. John M. Loar, Laban T.
¡ MeCaellehan, George
i McCray, William F. * McCrillus, Charles C.
* McCulloch, James
+ MeIlwain, James R.
; Mckeown, John
"¡Mckinney, David R. Mann, Eli B.
* Manor, Charles
¡ Manville, James H.
Mansfield, Thomas J.
¡ Manzer, Iliram B. Martin, John S.
i Martin, Simcon
¡ Marsh, Ilenry M. Marshall, Reuben
-- 1111
i Mask, John R.
¡ Mendenhall ( Granville.)
¡ Mendenhall (Granville.)
¡ Metzler, S. N.
i Mevers, Edwin E. Miller, Charles E.
i Miller, Elizabeth Miller (Eaton)
i Minor, James C.
Minshall, Levi Mitchell, Harvey
* Mitchell, Samuel E. Mitchell, Walter P. Mix, Charles M. Mock, Andrew R.
* Moler, John E. Molloy, William J.
i Moore, Silas H.
¡ Morgan, Franklyn J.
* Morgan, William J.
¡ Morris, O. W. Morrow, Benjamin B.
# Munsey, David O. * Munsey, Jesse S.
i Munsey, Samuel
Munsey, Skidmore
** Murray, Alfred L.
# Murray, Albert P. i Myers. Morton i Neff, John W.
i Newlin, Edgar S.
i Norrel, John W.
i Nyce, George W. Owens, Owen W.
i Orr, David
i Overholt, I. O.
i Painter, Lester H.
* Paris, Benjamin F.
* Paris, L. D.
i Paul, Philip D. Payton. Lewis
i Perry. Martha A. i Peters.
¡ Pielemier, Edward F.
300
HISTORY OF DELAWARE COUNTY
** Pierce, William O.
i Philpott, Lewis W.
¡ Phinney, Arthur J. Poland, Ulysses G. Polk, Elmer E.
* Polk, Robert
i Pollock, Calvin
* Porter, Ezra
t Potter, George W.
* Powers, James H. Powers, Ulysses G.
¡ Prior, Henry
** Puckett, Elisha J. * Pugh, John W. Quick, James M. Quick, Jolin C.
t Quickel. D. S.
f Quinn, James L.
i Ragin, Samuel
i Ramer, Buchanan
f Rawn, J. W.
Raymond, Bardna Rea, Clarence G.
i Read, Horace G.
7 Reading, Lama Ewing
i Reasoner, Garrett
¡ Reasoner, Harmon D. Reasoner, Osmer I.
¡ Rice, William G.
i Richardson, Rickard, Claudia A. Rickard, William A.
** Ricks, Martin W. Ried, Samuel M.
i Riggs,
i Rogers, Leroy
** Rogers, William R.
¡ Roselle. Joseph H. Ross, John C. Ross, Nelson B.
* Runyan, James
i Russell, George A.
* Russell, William H.
* Rutledge, Elijalı D.
i Rutledge,
* Rutter, John H., Sr.
* Rutter, John H., Jr. ¿ Sabin (Eaton.)
i Sage, Ira T.
** Sage, John W.
¡ Saunders, Benjamin ¡ Saunders, Charles B.
* Schaub, Daniel
¡ Schenk, Charles H. Searcy, George H.
+ Severns, Benjamin F.
i Severns, Ella
* Shafer, Henry B.
f Shafer, Ozro B. Shaw, Homer N.
* Shepardson, Noah
* Sherwood, R. R.
* Shideler, Joseph K. Shields, Edgar S.
¡ Shirey, Harlan M.
* Shively, Augustus H.
Shively, David M.
** Shockley, John
** Shoemaker, David M. Shoemaker, Rollin C.
* Siggins, John J.
¡ Silvers, James M.
¡ Simmons, William D.
* Skiff, Clark
* Slack, George W.
¡ Slocum, Stewart
* Small, Noah W.
¡ Smith, Albert K. Smith, Charles W.
i Smith, Frank
i Smith, Harry L.
¡ Smith, Monroe T. Smith, William
* Snell, Solomon R.
* Snodgrass, Benjamin D.
i Snodgrass, Nancy E. Spickermon. Harry R. Spurgeon, Orville E. Spurgeon, William A.
* Stackhouse. Urbin
Stanley, John W.
* Stewart. Henry Stick, Jesse
¿ Stiers, Francis R. Stover, Charles J.
¡ Stout, O. M.
¡ Stradley, Ayres
* Stradley, D. N.
¡ Studley, J. W.
¡ Suman, William
301
HISTORY OF DELAWARE COUNTY
* Summers, John B.
* Summers, Henry C. Surber, Alva C.
7 Wheeler, W. H. Whitson, John S.
* Swain, William R.
¡ Whittaker, James T.
i White, Lindoll E. Whitney, Emmer A. Whitney, William D.
* Taylor, Samuel
* Templin, Isaiah
* Willard, William C.
¡ Williams, James R.
* Williams, James S.
* Williams, John A.
* Williams, William H.
¡ Williamson, John W. Wilmuth, Clifford S.
¡ Wilson, Isaac
** Winans, Henry C. Winans, Henry M.
* Winslow, Samuel S.
* Winton, Horace
* Winton, Robert
f Woods, Charles
¡ Woolpert, David C. Wright, Carl H.
i Wright, Ivy E. ** Wroughton, J. W.
¡ Wallace, G. Edward
* Waldo, Loring A.
¡ Walsh, Edward J.
* Waymer, John
f Youngs, Benjamin F.
* Zimmerman, G. W.
¡ Zoeller, Louis J.
* Swayze, J. B.
¡ Taylor, G. C.
¡ Thornton, Thomas F. Tidrick, Ruskin O. Tindal, Edward F.
* Trask, Ezra F.
i Travis, John J. Trent, Isaac N.
¡ Trowbridge, David L.
¿ Trueworthy, John W. Tuttle, John R.
* Van Buskirk, John E.
¡ Van Camp (Granville.) Vanderburg, James M.
i Van Horn, Claude B.
¡ Vanmatire, Milton Vinton, Arthur E. Wadsworth, William W.
f West (Granville.)
NOTE .- I wish to thank physicians, friends, and the laity, who have so kindly and patiently assisted me in the preparation of the above list of names,-Editor.
CHAPTER XXIII.
BANKING AND FINANCE. Edited by C. H. Church.
Western banking, under state laws, during the first half of the nine- teenth century was conspicuous for its many failures, as the result of loose regulations and excessive issue of "wild cat" currency, almost in direct con- trast to the strict supervision and business methods now prevailing, which form the basis for ideal banking.
A notable exception to the general rule during that experience and de- serving special mention was the State Bank of Indiana, whose history the state may well be proud of, as its managers were men of sterling worth who made its career a notable success. It was chartered in 1834, and passing through many panics, never closed its doors or defaulted in its promises, going into voluntary liquidation in 1866. The State of Indiana invested some $800,000 in this enterprise and in about twenty-five years its net carn- ings amounted to $3.500,000.
It was so successful that a feeling of hostility was aroused against it. which was engendered and promoted by the politicians for their own selfish purposes. A strong fight was made by this faction against the renewal of its charter, as the time approached for its expiration, as they desired a char- ter to issue for a new state bank, which they could control.
In 1853 the legislature passed a free bank law and in 1855 renewed the charter for the bank of the State of Indiana, however, both of these bills had to be passed over the governor's veto.
In order to delay the last bill taking effect, the matter was carried to the supreme court, who sustained the act, and the bank was reorganized with the Hon. Hugh McCulloch of Fort Wayne, as president, and again com- menced business in 1857, and successfully weathered all financial storms, which wrecked other banks, leading a prosperous career until the introduc- tion of the national system in 1863, when itself and most of its branches be- came national banks.
While the state bank was undergoing reorganization the Muncie branch was established, being organized July 2, 1856, with a capital of $100,000, but did not open for business until January 2, 1857. John Marsh was its first president, with J. W. Burson, cashier, and with these, the directors were William Petty, Volney Wilson and Edwin C. Anthony.
As the national bank act imposed a tax of ten per cent on all state bank
.
303
HISTORY OF DELAWARE COUNTY
issues, making that part of the business practically prohibitive, the state branch went into voluntary liquidation, and the Muncie National Bank was chartered as its successor, and with the same officers, continued for many years as Muncie's most permanent financial institution, enjoying a very ex- tensive business, and going into voluntary liquidation at the expiration of its charter in January, ISS5. Mr. Burson continued as cashier until his death, September 21, 1871, when S. A. Wilson was chosen as his successor. Mr. Marsh resigned as president in 1874, when F. F. White was elected to the vacancy, and no material change occurred in its management during the re- maining period of its existence.
The Burson Banking Company succeeded and continued in business sev- eral years in the same location.
The building in which the Branch Bank and its successors carried on business for over thirty years still stands on the northeast corner of the pub- Ec square, now the home of the Muncie Trust Company, and is one of the landmarks of the city, having stood there half a century. It was built in ac- cordance with the current ideas of the time concerning bank architecture; combining a banking house and home for the cashier.
Citizens' National Bank.
The Citizens' Bank was organized November 16, 1874, and reorganized as the Citizens' National Bank on March 15, 1875, with George W. Spilker as its first president, who held the office eleven years, being succeeded by A. L. Kerwood. John Marsh was its first cashier, with Arthur F. Smith, assistant cashier. John Marsh continued as cashier until his death in 1887.
For a number of years this bank was located in a building on the south side of the public square, but in 1884 moved to the corner of Walnut and Jackson streets, in the room formerly occupied by the Claypool Bank, where it remained until 1890, when it moved to its new quarters in the Anthony block.
During the panic of 1893. this bank with many others throughout the country was forced to suspend, and Arthur W. Brady was appointed re- ceiver. The suspension was only temporary, as arrangements were soon made by which the bank was reopened with G. W. H. Kemper, president, and C. M. Turner, cashier, and all depositors were paid in full, and was suc- ceeded by the Union National Bank.
Claypool Bank.
One of the financial institutions of recognized standing in Muncie, up to about twenty years ago, was the Muncie Bank, or popularly known as the "laypool Bank, established in IS71, by A. J. Claypool, of Connersville, and woon after Austin B. Claypool became associated in the undertaking, and later on, Marcus S. Claypool.
. 30-1
HISTORY OF DELAWARE COUNTY
It continued to be known as a safe, reliable, private banking house dur- ing its continuance in business, until about 1884, when it was voluntarily discontinued.
In 1886 George W. Spilker, on retiring from the presidency of the Citizens' National Bank, in connection with his son, C. A. Spilker, estab- lished the Farmers' Bank, a private institution, conducting the same success- fully several years, afterward converted to a national bank, and later on it was consolidated with the Union National Bank.
Delaware County National Bank.
The oldest banking institution in the county from the point of con- tinuance up to the present time, is the Delaware County National Bank, which at this writing, has completed twenty years of prosperous business, and throughout has been under the same roof, the Willard block, on the northeast corner of Main and Walnut. It was organized April 14, 1887, as a State Bank, and opened for business the following day, with capital stock of $50,000, and the following stockholders: R. Sprankle, J. R. Sprankle, C. H. Church, C. A. Willard, John Kirby, Isaac Meeks, William Brotherton, W. A. McClellan, Jesse Nixon, W. F. Watson.
The first officers were: R. Sprankle, president; J. R. Sprankle, vice president ; C. H. Church, cashier.
It continued business under prosperous conditions until 1892, when it took out a charter as a national bank, under its present title, with Emmet M. Smith, president, and C. H. Church, cashier.
In 1896, J. C. Johnson succeeded to the presidency, with W. E. Hitch :- cock, vice president. Mr. Johnson remained president until his death in 1904, when he was succeeded by Mr. Hitchcock; H. C. Haymond becoming vice president, with no change in the cashiership, C. H. Church having re- tained that position since the bank started in 1887 to the present time.
The organization of this bank dates from the discovery of natural gas in Delaware county, and the subsequent boom which came to Muncie, devel- oping the city from ten thousand in 1887 to thirty thousand in 1907, and the Delaware County National Bank fortunately participated in all this pros- perity, building up a large and extensive business, which still continues.
Its Board of Directors is composed of well known citizens of excellent standing in the business community, and are as follows : William E. Hitch- cock, H. C. Haymond, C. M. Kimbrough, George A. Ball, John S. Smith, William H. Phillips, A. L. Johnson, George A. Stafford, C. H. Church.
The Merchants' National Bank.
The Merchants' National Bank was organized in 1893, with Hardin Roads, president; Fred Klopfer, vice president; F. A. Brown, cashier, these same officers continuing at present.
305
HISTORY OF DELAWARE COUNTY
It enjoys a very prosperous business and is counted one of Muncie's most substantial financial institutions. Its location is on East Main and Mulberry streets, where it has elegant quarters.
The directors are men of substantial character, having business qualifica- tions second to none, and who are as follows: W. C. Ball, James W. Meeks, Fred Klopfer, Joseph A. Goddard, A. L. Kitselman, J. C. Wood, Ilardin Roads, Mark Powers, and J. M. Maring.
The Union National Bank.
The consolidation of the Citizens and Farmers' National Banks occurred in 1895, with C. M. Turner, president; C. A. Spilker, vice president, and Edward Olcott, cashier, who were its first officers, and succeeded to the business of both banks under the title of the Union National Bank, occupy- ing the quarters in the Anthony block.
C. M. Turner soon retired to engage in the glass business, when C. A. Spilker was made president, with Edward Olcott, cashier. Later on T. F. Rose became president and C. F. Koontz vice president, Edward Olcott cashier, continuing as such officers at the present time.
This bank is having a successful career, doing its full share of Muncie's banking business, its managers and directors being men of high standing, amply qualified for the purpose. The Board of Directors are as follows : T. F. Rose, F. Koontz, William W. Shirk, Benj. C. Bowman, A. C. Silver- burg, Wallace Hibbitts, G. W. H. Kemper.
People's National Bank.
The youngest financial institution in the city is the People's National Bank, having been organized only about three years. It took over the busi- ness of the Muncie Bank, a small institution started during the oil boom, ostensibly to provide an oil bank for the operators, but on the failure of the oil field decided to discontinue.
The People's National Bank is a well managed, growing institution, having a good corps of officers and directors selected from among our best business men, and have excellent prospects of success.
C. A. Willard is president, W. E. Black, vice president, with C. H. Ellis, cashier.
Its Board of Directors is as follows :
Edward Tuhey, C. A. Willard, Norman E. Black, C. S. Wachtell, Jos. Shects, J. E. Davis, J. M. Motsenbocker, Richard McGauley.
The Muncie Trust Company.
The Muncie Trust Company, which has its quarters in the old Branch Bank or Burson building, at the corner of Walnut and Washington streets, was incorporated February 12, 1900, and was opened for business April 2, 1900.
306
HISTORY OF DELAWARE COUNTY
Its officers, who have remained the same from the beginning, are : J. M. Maring, president ; B. C. Bowman, vice president ; H. M. Koontz, secretary.
This is primarily a trust and loan company, but a savings department is conducted. It also acts as trustee for corporations or estates ; is a prosperous reliable institution, officered by men of the highest standing and integrity.
Savings and Loan Companies.
Among the strong financial institutions of Muncie, who have materially assisted in its growth and prosperity, are three well conducted building and loan associations, whose combined resources are practically $1,800,000, which represents that amount expended in homes for the people of this city, and in very many instances could not have been provided but for their assistance.
The oldest association is The Muncie Savings and Loan Company, or- ganized in 1889, with only $150 deposited the first meeting night. It now reaches about $900,000.
The next one to organize was the People's Home and Savings Associa- tion ; and next, The Mutual Home and Savings Association, all being in a prosperous condition, owing to conservative management.
There are three state banks and two private banks in Delaware county, in addition to those already mentioned; The Albany State Bank, at Albany ; The Farmers' State Bank, and the Eaton State Bank, both at Eaton, the Gaston Banking Company at Gaston, and the Commercial Bank at Dale- ville, all prosperous, well managed, and a great convenience to the com- munity where located.
An enviable record has been made by the banking fraternity of Muncie. as it is developed that since the adoption of the national banking system, a period of nearly half a century, not a dollar has been lost to a depositor, and the business has been conducted along such conservative lines that it has re- sulted in contributing large sums to surplus and dividends, thereby exten- sively increasing the value of the original investments.
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