USA > Indiana > Henry County > Hazzard's history of Henry county, Indiana, 1822-1906, Volume II > Part 62
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Original stockholders and those of September 1, 1905: Herbert T. Bailey, William H. Beard, Peter S. Cory, William L. Cory, Caroline Edgerton. William Edgerton, Oliver Greenstreet, John S. Griffin, John William Griffin, John A. Ratliff, Lilburn White, Martba A. White, Murray S. Wildman.
Below is a statement of the condition of the bank on August 25, 1905:
Report of the condition of the Henry County Bank at Spiceland, in the State of Indiana, at the close of its business on August 25, 1905:
RESOURCES. LIABILITIES.
Loans and discounts $48.295.78
Capital paid in. $10,000
Overdrafts 319.64
Due from banks and bankers 18,524.46
Discount, exchange and interest 588.96
Banking house. 2,000.00
Individual deposits on demand. 65,398.99
Furniture and fixtures 500.00
Current expenses . 255.54
Cash on hand-
Currency $2,802.00
Specie 4.290.53 7,092.53
Total $76,987.95 Total $76,987.95 State of Indiana, County of Henry, ss:
I, H. T. Baily, cashier of the Henry County Bank of Spiceland, Indiana, do sol- emnly affirm that the above statement is true.
H. T. BAILY, Cashier.
Subscribed and affirmed before me, this 31st day of August. 1905. O. H. NIXON, Notary Public.
THE FIRST NATIONAL BANK OF LEWISVILLE.
Although its capital is the smallest authorized under the national banking law the above bank has done a very large business from its inception. It was organized Septem- ber 10, 1900, and its present status is:
Capital stock paid in.
$25,000.00
5,000.00
Surplus fund. Undivided profits 3,300.00
Presidents, David M. Brown, Oliver Greenstreet; vice presidents, Oliver Green- street. Horace H. Elwell, Robert Hall: cashier, Luther F. Symons; Assistant cashiers, Charles C. Brown, Claud M. Bartlett.
First board of directors: David M. Brown. Horace H. Elwell, Oliver Greenstreet, Hawley Hall, Robert Hall.
Present board of directors: Oliver Greenstreet. Hawley Hall, Rohert Hall, Thomas J. Martin, Otis A. Stubbs. Original stockholders: Sarah B. Alf. Joseph Ballard, William M. Bartlett, William Beard, William A. Bennett, Epbraim R. Bridgman, Charles C. Brown, David M. Brown.
Surplus fund 1,000.00
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HAZZARD'S HISTORY OF HENRY COUNTY.
Allen Butler, Leburn Butler, Albert L. Canaday, Charles F. Custer, Morris B. Cole, Ben- jamin D. Copeland, Wilson T. Dobbins, Horace H. Elwell, John Foster, Clara Freeman, John J. Gilbert, Frederick E. Glidden, Oliver P. Gotschall, Oliver Greenstreet, Hawley Hall, Lee F. Hall, Luther G. Hall, Robert Hall, Andrew J. Harrold, Edgar Heacock, John Hendricks, Lewis Hoff, William M. Jackson, John Leonberger, Ella V. Loder, William Macy, George W. Manlove, James R. Martin, Thomas J. Martin, Willard W. Martin, William M. Mills, John Myer, John McFarland, Marshall Newhouse, Simeon W. Picker- ing, Morris Reynolds, Orrin J. Richardson, Samuel S. Riggle, Samuel J. A. Shipley, Philo Southwick, Albert Stewart, Charles Stewart, Otis A. Stubbs, Henry W. Suders, Luther F. Symons, Robert P. White, Thomas W. White.
Stockholders September 1, 1905: Sarah B. Alf, Joseph Ballard, Claud M. Bartlett, William Beard, Leburn Butler, Albert L. Canaday, Morris B. Cole, Charles F. Custer, Wil- son T. Dobbins, Horace H. Elwell, John Foster, Mrs. Frederick E. Glidden, John J. Gil- bert, Oliver Greenstreet, Hawley Hall, Lee F. Hall, Robert Hall, Mrs. William C. Hall, Andrew J. Harrold, Edgar Heacock, Lewis Hoff, William M. Jackson, Minnie Kettner, John Leonberger, Lewisville Lodge, Independent Order of Odd Fellows, William A. Macy, George W. Manlove, James R. Martin, Thomas J. Martin, Willard W. Martin, John Myer, Arthur W. Osborne, Simeon W. Pickering, Carrie B. Prine, Morris Reynolds, Samuel S. Riggle, Albert Stewart, Charles Stewart, Otis A. Stubbs, Henry W. Suders, Luther F. Symons, Robert P. White.
A statement of the condition of the bank August 25, 1905, is printed below:
Report of the condition of the First National Bank at Lewisvlile, in the State of Indiana, at the close of business, August 25, 1905:
RESOURCES.
LIABILITIES.
Loans and discounts. $ 91,707.17
Overdrafts, secured and unse- cured 670.40
Capital stock paid in. $ 25,000.00 Surplus fund 5,000.00
U. S. bonds to secure circula- tion
10,000.00
Premiums on U. S. bonds. 462.50
Banking house, furniture and fixtures 3,456.81
Due from approved reserve agents 40,493.55
Checks and other cash items .. 1,145.95
Notes of other National Banks 1,206.00
Fractional paper currency, nick- els and cents. 122.50
Lawful money reserve in bank, viz:
Specie $2,537.35
Legal tender notes .. 1,900.00 4.437.35
Redemption fund with U. S.
Treasurer (5 per cent. circu- lation)
500.00
Total $154,196.23 Total
$154,196.23 State of Indiana, County of Henry, ss:
I, L. F. Symons, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. L. F. Symons, Cashier. Correct attest: O. Greenstreet, Robert Hail Otis A. Stubhs, Directors.
Subscribed and sworn to before me this 2d day of September, 1905.
JOHN C. KELLER, Notary Public.
Undivided profits, less expenses and taxes paid. 3,014.00
National Bank notes outstand- ing 10,000.00
Individual deposits subject to
check 104,700.73 Demand certificates of deposit. 6.481,50
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HAZZARD'S HISTORY OF HENRY COUNTY.
THE MOORELAND STATE BANK OF MOORELAND.
An organization was effected and this bank began business September 8, 1902. Its capital stock, surplus fund, officers and stockholders are set out below: Capital stock paid in $25,000.00 Surplus fund 750.00
President, Henry Brown; Vice Presidents, George R. Koons, James S. Luellen; Cashier, George F. Keever.
First Board of Directors-Enoch G. Bouslog. Henry Brown, Eli Holaday, David W. Kinsey, Thomas B. Millikan, William M. Pence, Elisha Shaffer.
Present Board of Directors-Henry Brown, William Covalt, James W. Current, Eli Holaday, David W. Kinsey, Thomas B. Millikan, William M. Pence.
Original Stockholders -- Alvus D. Adams, Henry Brown, Joseph Barnhart, Enoch G. Bouslog, Reuben H. Brown, Elizabeth Conway, Ferdinand Covalt, William Covalt, James W. Current. Charles H. Daniels, Ellen Haynes, George W. Hodson, Eli Holaday, Sylvester H. Huffman, William H. Jones, William E. Kerr, George F. Keever, David W. Kinsey, Benjamin F. Koons, George R. Koons, James C. Lamar, Wilson R. Lines, Henry Main, Thomas B. Millikan, David A. Niccum, William M. Pence, Mary P. Replogle, Christian Richardson, Elisha Shaffer, Hattie S. Smith, Larkin C. Smith, Oliver T. Waltz, Harvey L. Williams.
Stockholders September 1, 1905-Alvus D. Adams, Henry Brown, Eli M. Conwell, Ferdinand Covalt, William Covalt, James W. Current, Eli Holaday, George F. Keever, David W. Kinsey, James S. Luellen, Thomas B. Millikan, William M. Pence, Mary P Replogle, Elizabeth Ridgway, Larkin C. Smith, Harvey L. Williams.
The bank's resources and liabilities are given below, as shown August 25, 1905:
Report of the condition of the Mooreland State Bank, at Mooreland, in the State of Indiana, at the close of its business on August 25, 1905:
RESOURCES.
LIABILITIES.
Loans and discounts $47,334.83
Capital stock paid in $25,000.00
Overdrafts 160.23
Surplus fund
750.00
Due from hanks and bankers 26,366.84
Furniture and fixtures
600.00
Individual deposits on demand .. 53,983.52
Current expenses 79.33
Cash on hand, currency .. $4,125.00
Specie 1.449.49
5,574.49
Total $80,115.72 Total
$80,115.72 State of Indiana, County of Henry, ss:
I, G. F. Keever, cashier of the Mooreland State Bank, do solemnly swear that the above statement is true. G. F. KEEVER, Cashier.
Subscribed and sworn to before me this 31st day of August, 1905. IOVA T. CHRISTNER, Notary Public.
THIE SHIRLEY BANK OF SHIRLEY.
This is a private bank, owned by Mark E. Wood. It began business December 20, 1899. Its capital and surplus are.
Capital stock paid in Surplus fund 1,000.00
$10,000.00
Cashier, Mark E. Wood; Assistant Cashier, Thomas J. De Mund.
A statement of its assets and liabilities as published August 25, 1905, is given herewith :
Report of the condition of the Shirley Bank, at Shirley, in the State of Indiana, at the close of business on August 25, 1905:
Discount, exchange and interest. . 382.20
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HAZZARD'S HISTORY OF HENRY COUNTY.
RESOURCES.
LIABILITIES.
Loans and discounts $48,628.34
Capital paid in .$10,000.00
Due from banks and bankers 11.248.86
Discount, exchange and interest. 830.73
Furniture and fixtures 3,000.00
Individual deposits 57,957.74
Cash on band, currency . . $4,823.00
Specie 924.10 5,747.10
Cash items
164.17
Total $68,788.47 Total
$68.788.47
STATE OF INDIANA, COUNTY OF HANCOCK, SS:
I, Mark E. Wood, cashier of the Shirley Bank, at Shirley, Indiana, do solemnly swear that the above statement is true. MARK E. WOOD, Cashier.
Subscribed and sworn to before me this 1st day of September, 1905. SYLVESTER HAMILTON, Notary Public.
THE FIRST STATE BANK OF SHIRLEY.
This is the most recent acquisition to the banking institutions of Henry County, and began business August 10, 1904.
Capital stock paid in $25.000.00 Presidents, Frank J. Vestal, William W. Beeson; Vice Presidents, William W. Beeson, Leander A. Johnson; Cashier, John R. Kitterman; Bookkeeper, J. Vernis Kitterman.
First and Present Board of Directors-William W. Beeson, Edward B. Byrket, Leander A. Johnson, John R. Kitterman, Allen Sherry, Frank J. Vestal, Ross Wilkinson. Stockholders, September 1, 1905-William W. Beeson, Charles E. Byrket, Edward B. Byrket, Citizens' State Bank of Knightstown, William H. Collier, Enoch Courtney, Charles H. Elliott, Alison Frazer, Ezra C. Gebhart, Frank Gebhart, Charles Grunden, Thurza Grunden, Thomas B. Jackson, Verlie Jackson, Jesse M. Johnson, Leander A. Johnson, Floyd Kitterman, John R. Kitterman, Francis E. Pickering, Curtis Riggs, El- wood Riggs, John A. Riggs, Russell Riggs, Alvenus Sherry, Isaac N. Trail, William Trail, John W. Warrick, Robert Ulmer, Alexander Wilkinson, George Q. Wilkinson, Isaac Wilkinson, Joseph Wilkinson, Ross Wilkinson, Thomas Wilkinson estate, Prudence White.
Below is a statement of the bank's resources and liabilities under date of August 25, 1905:
Report of the condition of the First State Bank, at Shirley, in the State of Indiana, at the close of its business on August 25, 1905:
RESOURCES.
LIABILITIES.
Loans and discounts $40,187.59
Capital stock paid in $25,000.00
Due from banks and bankers. 21,719.10
Banking house 1,625.00
Furniture and fixtures 1,850.00
Current expenses 1,219.28
Cash on hand 6,412.03
Tota $73,013.00 Total $73,013.00 STATE OF INDIANA, COUNTY OF HANCOCK. SS: I, John R. Kitterman, cashier of the First State Bank, at Shirley, do solemnly swear that the above statement is true. Jonx R. KITTERMAN.
Subscribed and sworn to before me, this 5th day of September, 1905.
Discount, exchange and interest. 1,066.97 Individual deposits on demand .. 46,946.03
SYLVESTER HAMILTON, Notary Public.
In 1869 a private bank, known as The Citizens' Bank, was instituted at Dunreith with a capital of $25,000, by Strattan, Harrold and Company, consisting of Edward K. Strattan, Andrew Harrold. Caleb Johnson and perhaps others, whose names are not now obtainable. Its transactions during the first year of its existence were satisfactory and profitable, but in December, 1870, the bank was burglariously robbed of about $6,000, which so materially interfered with its usefulness that its proprietors within a short time thereafter wound up its affairs.
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1089
HAZZARD'S HISTORY OF HENRY COUNTY.
RECAPITULATION OF BANK STATEMENTS.
The following is a recapitulation of the assets and liabilities of the eleven banks in Henry County, including those of Shirley, as shown by their official statements, August 25, 1905:
ASSETS.
LIABILITIES.
Loans and discounts $1,789,358.00 Capital stock $530,000.00
Real estate, furniture and fix-
Surplus earnings 235,909.00
tures 44,515.00
Deposits 1,945,430.00
Cash on hand and in other
banks 877,466.00
NUMBER OF BANKS IN INDIANA.
On September 1, 1905, there were 683 banks in Indiana, divided as follows: National Banks 184
State Banks
175
Private Banks 260
Trust and Savings Banks 64
Total 683
NEWSPAPERS, PAST AND PRESENT, IN HENRY COUNTY.
After a period of evolution, during which the local press has struggled valiantly to gain a permanent foothold, it may be safely asserted that the newspapers of Henry County have found a profitable abiding place in the hearts and patronage of the people. It has been said that "of the making of books there is no end," and that remark may, with striking force, be applied to the many newspapers that have been started to "fill a long-felt want" in this county, only to expire after a few months' or years' struggle and apparently without having left a vacuum in any locality save in that of the pub- lisher's pocket. From the early days of the county, men with ambition to found a newspaper have not been backward in putting their energy and ability in that direction to the test. The number of names in the long list of newspapers that have existed in Henry County, at various times in a period of sixty years and are now but memories, tells ยท the story of mistaken ideas held by their publishers as to the profitableness of the enterprises. But during all these years, the county has grown in wealth and population amazingly, and who shall say that its newspapers, although many of them were com- pelled by stress of circumstances to "give up the ghost" because their publishers were powerless to "make the ghost walk" regularly on weekly pay days, were not largely instrumental in helping along this prosperity? In the main, the newspapers of Henry County have been published and edited by men of excellent business and literary ability -- men who afterward reaped golden returns from other fields of business venture. The 'number of newspapers in the county is less than it was a quarter of a century ago; the process of planting printing presses and of weeding them out has heen slow, but sure. The county seat now has but two newspaper offices-The Courier, both daily and weekly, and The Democrat, weekly. In addition there are weekly newspapers published in Mid- dletown, Mooreland, Lewisville, Spiceland, Knightstown and Shirley, so that all sections of the county are represented by local publications. All of them give most of their space to news of their particular localities and their patrons seem to appreciate and generously support the local publications. The advent of trolley lines, the numerous steam railroads that traverse the county, and the low price of the metropolitan daily and weekly newspapers, which these lines are enabled to deliver at every farm house each week day in the year through the medium of the rural free delivery of mail system, has not lessened the circulation of the local press-on the contrary, every newspaper now published in the county has perhaps the largest patronage in its history.
69
1090
HAZZARD'S HISTORY OF HENRY COUNTY.
NEWSPAPERS OF KNIGHTSTOWN.
The honor of having the first newspaper in the county belongs to Knightstown. In 1832 "The Federal Union" was issued by Grant and Mitchell. John W. Grubbs, long identified with "The New Castle Courier," and afterward, until his death, a leading wholesale grocer of Richmond, got his first lessons in the art of printing in this primi- tive office, and has stated that its publication ceased within a year for want of sufficient patronage. About four years later, perhaps early in 1836, Thomas J. Langdon edited and printed a sheet called "The Banner." It gave up the struggle within six months. In 1837, Tisdale D. Clarkson launched "The Indiana Sun," and a year later sold the plant to Hannum and Grubbs. Hannum abandoned his interest in 1840 and John W. Grubbs became sole proprietor. In 1841, he moved the office to New Castle and changed the name of the paper to "The Indiana Courier." In 1859, Tisdale D. Clarkson again started a newspaper in Knightstown, which he called "The Citizen." Will C. Moreau and A. M. Woodin were connected with this paper at intervals during its short but eventful life, which came to a close in 1861. Isaac Kinley, afterward a distinguished officer in the Civil War, published a literary magazine of thirty two pages, called "The Beech Tree," for a few months in 1859, but it lacked pecuniary support and ceased to exist. In 1865 John A. Deem published an agricultural magazine. "The Western Ruralist," for five months. In the same year R. F. Brown moved the "Henry County Times" from New Castle and continued its publication for about five months. In May, 1867, John A. Deem established "The Knightstown Banner," which seemed to prosper from the start, for its publication still continues, although under other management, and it is regarded as firmly established and profitable newspaper property. In 1877 he sold the establishment to his brother, Thomas B. Deem, and March 23, 1883, Reverend Robert F. Brewington purchased a half interest in the paper, which Deem and Brewington continued to publish until December 3, 1884, when the former bought out the latter. Hunter Bradford purchased the paper October 2, 1885, and Benjamin S. Parker. Henry County's poet and author, became its editor and so con- tinued until June 16, 1888, when Reverend Robert F. Brewington succeeded him and filled the position until November - 9, 1888. On May 1, 1892, Wallace K. Deem (born in Knightstown, September 21, 1863, a son of John A. Deem, founder of the paper), purchased "The Banner" and has since remained its editor and proprietor. Mr. Deem is a thorough newspaper man and "The Banner" is one of the excellent county news- papers of the State.
John C. Riddell started "The City Chronicle" in 1870, which appeared periodically and semi-occasionally under his management until 1876. He then sold out to Frank I. Grubbs (now deputy Secretary of State), who changed the name of the paper to "The Knightstown Herald" and it died within six months. Fleming Ratcliff launched "The Knightstown Journal" in 1876, but in the Spring of 1877 it joined the other "has beens." From this date until some time in 1879, "The Banner" was the only paper published in Knightstown, then "The Shield" appeared, conducted by Frank I. Grubbs and Charles Moore. At the end of a year Moore retired and Leonidas P. Newby, now a banker and tormerly member of the General Assembly from Henry County, purchased his interest. Newspaper life must have been too strenuous for Leonidas P., for he retired in the Fall of 1880 and "The Shield" was consolidated with "The Banner" under the name of "The Knightstown Banner-Shield." Four months later the publication of both papers was resumed. Grubbs continued to publish "The Shield" until March, 1883, when the plant was purchased by "The Banner" and "The Shield" discontinued. On December 18, 1885, Wallace K. Deem established "The Knightstown Sun" and published it until August 1. 1891. at which time Clarence H. Beard and his brother, Charles A., bought the paper and caused the "Sun" to shine until the Summer of 1895, when they leased the plant to William E. Newby, Joseph H. Hinshaw and William A. Keelum, who remained in charge until July 1, 1903, on which date Roy W. Steele hecame proprietor. Previous to this, August 19. 1899, "The Daily Journal" was started by Steele. On purchasing the "Sun" he adopted the name of "The Journal-Sun" for the weekly and continued to publish
109I
HAZZARD'S HISTORY OF HENRY COUNTY.
"The Daily Journal" until January 31, 1904, when it ceased to exist. The name of "Sun" was dropped March 1, 1905, and the "Journal" continued to be published semi-weekly from that date until September 29, 1905, when it was discontinued and the office turned into a job printing establishment. Roy W. Steele is a young man of superior newspaper ability, industrious and earnest in all his undertakings. His brother, Walter B., was associated with him in the management of the "Journal" for a short time preceding its discontinuance.
"The Knightstown Daily News" was started November 11, 1897, with Harry C. Newby as publisher, and William E. Newby as editor. After a lively existence of eleven months it expired.
JOHN A. DEEM -- FORMER EDITOR, THE KNIGHTSTOWN BANNER.
The subject of this sketch was born in Greene County, Ohio, on March 9, 1840, and came with his parents, Thomas and Phoebe ( Hutzler) Deem, to Spiceland Township, in the Fall of 1848. He acquired a fair education in the district schools during the Winter time, devoting the Spring and Summer seasons to farm work. Later he taught a number of terms of school in the neighborhood. In 1862 he was married to Elizabeth, daughter of Joel and Annie (Gorton) Cloud. Three children were born to them-Wallace K., now editor of "The Knightstown Banner;" Ernest C., and Nora M. In the Spring of 1867, having previously spent some time in learning the printing business, he established "The Knightstown Banner," which he published for ten years and which, under his man- agement, was one of the leading newspapers of the county. In 1877 he disposed of the "Banner" to his brother, Thomas B. Deem, and in 1880 went into the farming and stock-raising business in Spiceland Township, one mile north of Ogden, where he now resides, and has proved as thorough a farmer as he was a newspaper man. In 1882 be was elected to the lower house of the General Assembly and was re-elected in 1884. He was a useful, competent, upright and fearless member of that body and served his con- stituents most faithfully. The voters of Spiceland Township honored him by giving him the largest vote ever given to a candidate for office. While a citizen of Knightstown he was three times elected trustee of Wayne township and as such was largely instru- mental in causing the erection of the splendid high school building of that town.
NEWSPAPERS OF NEWCASTLE.
The first newspaper printed at the county seat appeared in 1836 and was named "The New Castle Banner." James B. Swayze was the publisher and Reverend Alfred J. Cotton the editor. It survived for a half year. The publisher went into the news- paper business in Hagerstown and the Reverend Cotton moved to Dearborn County, where he became a judge of the court.
In 1841 John W. Grubbs moved the plant of "The Indiana Courier" from Knights- town to New Castle and continued its publication under that name. In 1843 his brother. Henry Clay Grubbs, became associated with him. About the middle of the year 1846 the office was sold to Cornelius V. Duggins. Mr. Duggins died in 1850, and for a short time James Comstock, his executor, managed the paper. But in March of the same year John W. Grubbs, the former publisher, took charge of it.
In January, 1853, George W. Lennard purchased the office. A few months later he took Coleman Rogers into partnership, and the two published the paper until the end of the year.
Another change of owners took place in January, 1854, at which time Nation and Ellison purchased the "Courier." This administration began with Henry C. Grubbs as chief editor, and David Nation, local editor. Mr. Grubbs soon retired, and David Nation became the managing editor. In the latter part of 1854 Wrigley and Lyle became the proprietors, and in 1856 they sold out to Charles E. Harwood and Thomas B. Redding.
Elijah B. Martindale was the next owner, but continued as such only a short time, selling out in the beginning of the year 1857, to Isaac S. Drake. Mr. Drake was editor and proprietor until some time in 1859, when Walton P. Goode became his partner. In about a year Goode became sole proprietor, and the "Courier" continued to be published
1092
HAZZARD'S HISTORY OF HENRY COUNTY.
by him until November, 1862. The paper was then bought by Elwood Pleas, who con- ducted it nearly six years and a half, selling out in March, 1869, to Maurice E. Pleas and Harrison Hoover. May 15, 1870, Alfred G. Wilcox, as the representative of the Telegram Printing Company, of Richmond, bought the "Courier." He conducted it until Septem- ber, then sold an interest to Calvin R. Scott.
In July, 1872, Adolph Rogers purchased the paper, and soon after Elwood Pleas secured an interest. Rogers and Pleas continued to own and manage the "Courier" for two years and six months. Then a stock company purchased it for the sum of $10,000, and employed Adolph Rogers as editor. The following gentlemen composed the company: Adolph Rogers, Elwood Pleas, George Hazzard, author of this History; John W. Griffin, Seth S. Bennett, John R. Millikan, Calvin R. Scott and Alexander S. McDowell. Mr. Rogers continued as editor until January, 1877. Under him the editorial department was conducted with ability and a high literary character given to the contents of the paper. With the first number of the year 1877, William H. Elliott, the present editor and mana- ger, took charge of the "Courier." At that time the paper had a circulation of 950 copies, and its financial condition was anything but prosperous. Without previous experience in journalism, Mr. Elliott soon succeeded in bringing about a change for the better, and from that time until the present the "Courier" has steadily grown in prosperity and influence. It is now among the best weeklies in Eastern Indiana.
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