USA > Kentucky > Jefferson County > Louisville > The city of Louisville and a glimpse of Kentucky > Part 25
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As an evidence of the favor with which these hams have been received, it may be stated that Magnolia hams are now sold over the entire country, from Maine to California, and from the lakes to the Gulf. Thus, for twenty-four years, this ham
has been fully tested in all cli- mates and has been found the perfection of sugar - cured hams.
MAGNOLIA HAM
It is unneces- sary to say that in the summer time ALLCROS the hog is soft and sappy and that his flesh is ERRAN The Magnolia hams are cured with the largest percentage of SH PC RK PA CK ERS. PA OY SI ON DE AL pure sacchariue matter put iuto FERRAN. SHALLCROSS & CO any ham offered G N to the trade, and to this may be attributed their superior flavor. It costs much uot in the best condition, while in the winter the meat is firm, M A hard, and healthy, and when prop- erly cured, makes a ham more wholesome and of more to cure by this method than by the economical methods ordinarily adopted by ham curers, and the result is the Magnolia hams cau not be offered in competition with the cheap brands called sugar-cured. Every barrel of syrup used in curing this meat is bought under a strict analysis and the extent to which pure sugar enters into the cure will be appreciated when it is stated that from Soo to 1,000 barrels of the purest syrup are used annually for this purpose.
higher flavor. By those who are nice as to the flavor of the meats they eat, it is not con- tended that sum- mer-cured meats are at all equal to those cured in the winter.
The hams are pickled very carefully. They are packed into a cask and the pickling ingredients are then poured over them. They stand a few days, when they are taken out and their positions changed, so as not to mash them out of shape. They are put into another cask aud the pickling fluid is again poured over them. By this process they are well aired during the curing, which is regarded as an essential part of the operation.
Every ham is handled four or five times before it is ready to go to the smoke-house and the pickle permeates every pore. The utmost care is exercised in all of the work and neither pains nor expense is spared to maintain the high position of the brand on the market. It is as widely known as any in the trade and is probably more favorably known than any other. McFERRAN, SHALLCROSS & Co. have agencies all over the country and do an especially large business in the South.
Their facilities for curing are unsurpassed. Their extensive packing houses are located in the south-western part of the city, on Maple street between Thirteenth and Fourteenth streets, where they have the railroads at their doors. A switch runs around the front of their buildings, where there is space for seventeen cars, with doors by means of which each car can be separately loaded and all loaded at once. In all other respects their equipment is also the best possible, while their facilities for buying and selling are equally good.
Besides curing the Magnolia hams the firm cures sides, breakfast bacon, etc., making a specialty of breakfast bacon, and in addition does a general provision business.
As is indicated in the foregoing account of their business, the gentlemen who compose this firm are all men of long experience in this especial branch of trade. They are men whose names are synonymous with commercial integrity, the firm being one of the strongest in Louisville.
129
The Kentucky national Bank.
HE largest business done by any bank in Kentucky, probably the largest south of the Ohio river, is that of the KENTUCKY NATION- AL BANK, which, though young in years, occupies a place second to that of no other financial institution in Louisville. The hank was or- ganized in December, 1871, the late Bland Ballard, Judge of the United States District Court, being its first President, and Mr. Logan C. Murray its first Cashier. The capital stock was originally $300,000, but a rapidly- increasing business shortly demauded that the capital be raised, and it was accordingly increased to $500,000. This increase was made in 1874 and the capital stock has since remained at these figures. When the hauk was founded it at once mapped out a progressive policy, though its business was conducted within the strictest rules of safe finance. Its officers then aud since have sought every legitimate opportunity to ac- quire business through every proper channel, going somewhat out of the beaten paths of less energetic hanks located in the interior of this country.
Judge Ballard remained the President of the bank until his death, which occurred on July 29, 1879. Mr. Logan C. Murray succeeded him and retained the Presidency until March, 1881, when he resigned and went to New York, where, with Mr. H. Victor Newcomb, he founded the United States National Bank, of which he is now the President. Upon JAMES M. FETTER, Mr. Murray's electiou to the Presidency of the KENTUCKY NATIONAL BANK Mr. James M. Fetter, who had been the Teller, was made Cashier, and when Mr. Murray resigned the Presidency the management of the affairs of the institution fell entirely iuto the hands of the Cashier, the post of President becoming little more than an honorary one, until Mr. Fetter was himself elected President in 1885.
The bank makes special features of collections at home and abroad, the purchase and sale of government bonds and sterling exchange, and issues letters of credit to all foreign countries. It is, in fact, the headquarters in Louisville for all foreign business. The immense purchases of tobacco made in this market by foreign buyers being the chief basis of this branch of its business. The bank keeps its London account with the Union Bank of London, Limited. It also does the largest interior business south of the Ohio river, and its mail is said to be the largest received by any corporation in Louisville except the newspapers.
The bank's statement in October, 1872, shows a total footing of $737,612.56, with deposits of $174, 147.28. Ou Octo- ber, 1877, the business had increased so that the deposits amounted to $858,229.60, the statement on that date showing a total footing of about $2,000,000, The last statement ou August 1, 1887, is as follows :
RESOURCES : Time loans, $1,771,857.27 ; United States bouds, $350,000; miscellaneous stocks and bonds, $24,587 ; real estate, $20,000 ; merchandise, $10,321.92; furniture and fixtures, $7,000; over drafts, $8,995.74 ; premiums ou bonds, $29,050 ; current expenses aud taxes paid, $8, 302.68; cash meaus, $925,784.54 ; total, $3, 155,899.15.
LIABILITIES : Capital stock, $500,000 ; surplus profits, $200,000 ; undivided profits, $38,377.65 ; circulation, $45,000 ; bills rediscounted, $90,912.86; deposits, $2,281,608.64 ; total, $3, 155,899. 15.
The bank is centrally located at Fifth and Main streets, and occupies handsome offices. It was the first of the Louisville bauks to fit up its establishment with elegance and taste, and it is worthy of remark that nearly every bank in the city has followed its example, though none of them have surpassed the KENTUCKY NATIONAL either in the appear- ance of their interiors or the convenience of their arrangements and appliances.
The officers of the KENTUCKY NATIONAL BANK are James M. Fetter, President ; A. M. Quarrier, Vice-President ; H. C. Truman, Cashier. The Directors are Julius Winter, A. M. Quarrier, W. H. Thomas, A. C. Semple, W. H. Coen, W. W. Hite, J. B. Owsley, J. S. Grimes, and James M. Fetter. It has been under Mr. Fetter's management that the hank has reached its greatest prosperity. He is one of the foremost men in the commercial world of the South and South-west, and is doing much for the development of Louisville and of Kentucky. Mr. Fetter is a native of Jefferson couuty and is now only forty years of age. He was at college at Georgetown, D. C., when he was appointed a cadet in the military academy at West Point, where he remained until the breaking out of the war, when he, like other Southern boys, returned to his home. After some mercantile experience he became a clerk in the Falls City Bank, but left this position upon the organization of the KENTUCKY NATIONAL BANK. He rose step by step until he was made Cashier, hav- ing won the confidence of the officers of the bank. Having for some time been the practical head of the institution, on January 1, 1881, he was elected its President, thus becoming also the nominal head. He is a Director in the Louis- ville, New Albany & Chicago Railroad, the Louisville, Evansville & St. Louis Railroad, and in some eight or ten other important corporations. Mr. Fetter is a man of the most perfect polish of manner, of the soundest judgment, and the quickest perceptions. When he acts boldly, he acts upon a conviction that amounts to a certainty. Mr. Truman, the Cashier, is also a young man. He entered the bank as correspondent clerk in 1872, was made Assistant Cashier when Mr. Fetter was elected Cashier, and was promoted to Cashier in 1885, and, having had experience in every department in banking, is a thoroughly equipped officer. To his systematic care and progressive policy in the management of the office work is due much of the growth and popularity of the bank.
I30
The Farmers' and Drovers' Bank.
surplus and undivided profits are $24,000.
7 HE FARMERS' AND DROVERS' BANK, No. 333 West Market street, was organized under Mr. O'Bannon died in Febru- ary, 1870, when the late Dr. E. D. Standiford was elected president. He was one of the most able finan- ciers this city has ever known, and he and Mr. Veech at ouce made their young bank one of the most important financial institutions of the South. Dr. Standiford resigned the presidency in December, 1884, when Mr. Veech was elected. He only retained the office for a year, resigning on account of the de- mands made upou his time by his important interests in the county, where he owus three trotting-stock farms. When Mr. Veech resigned he was succeeded hy Mr. James G. Caldwell, son-in-law of Dr. Standi- ford. Mr. Caldwell is still the JAMES G. CALDWELL president of the bank. He is the the laws of Kentucky in 1869, and began business in August of that year, since which time it has had a most prosperous career. The two men who organized the institution were farmers who were but little knowu to the financial world, but who very soon made themselves felt in the commercial circles of Louisville. These two gentlemen were the late Bushrod O'Bannon and R. S. Veech. The former was the first president of the bank. Mr. Veech was its first cashier, and to his energy and high business ability, more than to anything else, was due the early prosperity of the FARMERS' AND DROVERS' BANK. At first the capital stock was $100,- 000, Now it is $300,000, and the youngest man holding a bank presidency in Louisville, having been but thirty-two years old when he was elected to that responsible office in 1885. He is a uative of Louisville, and belongs to one of the oldest and most highly-respected families of the State.
The cashier of the bank is J. W. Nichols, who came into the institution as book-keeper in June, 1870. In July, 1874, he was made teller, and in May, 1880, he succeeded Mr. Veech as cashier. Mr. Nichols holds the reputation in the commercial world of being one of the most capable bank officers in Louisville. He is a native of Danville, Ky., aud was educated in Boyle county. He came to Louisville from Kansas City, whither he went in 1867 and engaged in a mercantile business, until he was asked to come to Louisville and accept the position of book-keeper in the FARMERS' AND DROVERS' BANK. Much of its subsequent success is due to his thorough knowledge of his business and his con- servative policy. The directors of the bank are R. S. Veech, J. W. Davis, H. T. Hanford, L. M. Paine, S. L. Gaar, J. W. Hays, W. H. Frederick, Wilsou Thomas, B. K. Marshall, and James G. Caldwell. Several of these gentlemen are prominent farmers of Jefferson county, others are merchants and professional men of Louisville. Henry Thiemann is the teller, and is one of the best aud most accommodating in the city. He entered the bank as book-keeper in 1871, then but seventeen years of age, and has earned his advancement by his efficient services.
As has been already said, the capital stock of the bank is $300,000, with a large surplus and undivided profits fund. The deposits vary from $600,000 to $625,000, The bank is one of the strongest in the city, and possesses the confidence of the public to an unlimited extent. Up to 1877 it paid ten per cent. dividends, and between its organization and that year declared two extra dividends lished the credit and prosperity of the bank. Mr. Veech was the prime mover in its organization, and for many years he and Dr. Standiford were untiring in their work in its interest. that amounted to twelve per cent. From 1877 to 1880 the dividends were eight per cent. Since then they have been six per cent. A large part of its business is with the farmers, not only of Jefferson The bank makes a specialty of its savings department, paying four per cent. juterest on time deposits. By a special provision of its char- ter the money of married women and children who deposit iu this department is free from the control of husband, father, or guardian ; so that such money is not liable for debts that husbands may incur, while the provision offers au in- ducement to children to begin in the FARMERS' AND DROVERS' BANK a nucleus for a fund that may well prove serviceable in later life. county, hut of a large section of the State outside of that county, though its business with the com- mercial circles of Louisville is equally important. The high char- acter of the gentlemen who form its board of directors gives the pub- lic unlimited confidence in the in- stitution-a confidence due equally to its known conservatism and the admirable business methods and intelligence of its officers. In this connection the greatest praise is due to Mr. Veech and the late Dr. Standiford, who really estab-
J. W. NICHOLS.
131
Standard Oil Company.
HE accompanying engraving represents the new building erected and occupied by the STANDARD OIL COMPANY. It is located on the south side of Walnut street, between Fourth and Fifth avenues. It is one of the handsomest and most elegant office buildings in the city, having been built by the company for their own exclusive use. In the construction of this building, which was done under the company's immediate supervision, the main idea kept in view was the arrangement of the interior in such a manuer as to secure the greatest convenience to the different departments of the company's office force in their relationship to each other ; and, at the same time, the greatest amount of comfort in, and facilities for, the transaction of the business of each individual department. The building is in the modernized Queen Aune style, and is built of pressed brick trimmed with Corydon blue stone. The pressed brick is from the kilus of the Ohio Valley Pressed Brick Company ; the stone from the quarries of the Corydon Stone Company. The founda- tious of the house are of City Quarry stoue, and the work was done by Messrs. Busch & Weisenstein, and is of the most massive and solid character. Messrs. John Diebold & Son furnished and put up the Corydon stone trimmings, one of the uoteworthy pieces of their work being the imposing stoue door-way, which, in its cool blue-grey tints, makes a pleasing contrast with the bright red of the pressed-brick front. Messrs. N. Struck & Bro. did the carpenter's work. The plumbing aud steam-heating apparatus, all of which is of the latest aud most approved character, was furuished and put up by B. Rankiu. Messrs. Matlack & Co. supplied the gas fixtures.
The interior of the building is even handsomer than the exterior, being finished in autique oak and cherry, richly carved and molded iu the chaste Queen Anne style. The mantels are all of hard wood, massive and dignified in character. The staircase is perhaps one of the finest pieces of work of this kind in the city. All of the hard- wood work was made and put up by Messrs. J. V. Escott & Sons. The office furniture is also of antique oak, and in character and style harmonizes with the wood-work. Mr. F. W. Keisker had the contract for this part of the work. The lower floor of marble tiling was furnished and laid by Thomas Joyce. Thus the interior presents a most elegant and pleasing appearance, being an excellent illustration of the fact that it is quite possible to combine in the arrangement of a husiness office a certain digni- ty and beauty with features of utility and convenience, giving it a character and grace peculiar- ly its own, which has been here- tofore supposed to belong ex- clusively to perfectly-appointed dwellings. It is a noteworthy
fact, and speaks very highly for the artisans of Louisville, that nearly all of the material enter- ing into the construction of this building was made in Louisville, aud the work in every detail was done by Louisville workmen, so that it is strictly a home product.
The first floor frout is occu- pied by the Cashier's depart- ment, bill clerks, aud city ac- couutants. This department is on the right as you enter and is sep- arated from the entrance-way by a handsome antique oak parti- tion, surmounted by brass grill work in panels ; over each panel is the mouogram of the company iu curious old wrought brass letters. The massive stairway, which leads to the main offices upstairs, is seen on the left as you enter. The Auditor's depart- meut occupies the south half of the first floor. The managing departments and the offices of the President, Secretary, and Treasurer are ou the second STANDARD OIL COMPANY BUILDING. floor ; as are also the rooms for the stenographers, type-writers, and telegraph operators. Some idea of the requirements of this company, in the way of office room, can be had from the fact that their office force, including officers, numbers at present sixty persons.
The STANDARD OIL COMPANY was chartered under the laws of Kentucky in September, 1886, and began husiuess on November 1, 1886. Its officers are W. H. Tilford, President ; George H. Vilas, Vice-President ; Leou T. Rosengarten, Treasurer ; W. T. Jordan, Secretary. On May 9, ISS7, the company moved into its present quarters. It is one of the largest enterprises in the South or West, operating in the territory south of the Ohio river aud east of the Mississippi, Louisville being the headquarters of the company. The branch offices cover the entire Southern territory, heing located in Atlanta and Augusta, Georgia; Birmingham, Alabama; Chattanooga, Teuuessee ; Columbia, South Carolina ; Cairo, Illinois ; Charlestou, South Carolina; Charlotte, North Carolina ; Columbus, Georgia; Jacksonville, Florida ; Lexington, Kentucky; Mobile, Alabama ; Nashville, Tennessee; New Orleans, Louisiana; Macon, Georgia ; Memphis, Tennessee ; Meridian, Mississippi ; Paducah, Kentucky; Pensacola, Florida; Savannah, Georgia; Selma, Alabama; Vicksburg, Mississippi ; aud Wilmington, North Carolina.
The business of the company is the supplying of the jobbing trade with all kinds of refined oils, including, of course, all the kinds of coal oil, naphtha, lubricating oils, greases, turpentine, and resin ; the turpentine is gathered in all the producing districts of the South, aud is shipped to all Eastern, Northern, aud Western markets, and is also ex- ported iu large quantities. The company is in no sense a producer, but buys the products it handles from first hauds.
132
2%
Julius Winter, Jr., & Co.
HE tailoring establishment of JULIUS WINTER, JR., was opened in a store in the Courier-Journal building in ISSo, and within six months found its quarters too small for the large business that at once grew up, its patronage having increased steadily during that time. Mr. Winter then rented a store on Fourth street, near Maiu. At the end of two years he again found that he required more room, and would have to enlarge his capacity for the business that was coming to him. He tore down the building adjacent to his, and threw the two lower floors into one large store, so that at present the firm of JULIUS WINTER, JR., & Co. occupies what would ordinarily cover the ground of three stores, Nos. 224, 226, and 22S Fourth street. The immeuse propor- tions of this establishment are so unusual that they form the largest tailoring house in America, and it is worthy of remark that the business done not only justifies, hut demands, all of this space.
Of course, Mr. Winter's patronage came first from Louisville, and enabled him to establish himself on so secure a footing, but the house now does a larger business outside of the city alone than many Louis- ville houses do altogether. It keeps five traveling men on the road iu the spring and fall, who go throughout the South and South-west, solic- iting orders from individuals, among whom are some of the most prom- inent and best known people in the country, and in nearly every South- JULIUS WINTER, JR. ern city may be found men of fashion whose clothing is made by this firm. The firm does only a first-class tailoring business, making only fine clothing and catering only to the best dressed, as well as to the best people, in each community. At the same time, its facilities for doing work aud for buying goods are so great that the prices charged by this house are very considerably lower than those of smaller establishments making the same grade of clothing. Since January, 1886, Mr. Phil D. Long was admitted to the firm.
The firm has branch houses at Memphis, Tenn., located at No. 3 Madison street ; Nashville, Tenn., opposite the Maxwell House, and at Dallas, Tex., No. 713 Main street, and through these covers a great extent of territory in addi- tion to that reached by its commercial men. Many orders are received from all sections of the South and South-west, which come unsolicited from parties who have never seen any of the firm's four establishments, but who write for sam- ples and rules of self-measurement, which are furnished upon application. Thus, gentlemen living in the country, or in small towns where it is impossible to obtain fine tailoring, may appear as fashionably clad and as well fitted as if they made their daily promenade on Fifth avenue, New York.
The reasonableness of the charges of this firm is owing to its immense patronage, by means of which it is enabled to buy at first hands-direct from importers and manufacturers-thereby saving a large amount of money which smaller houses are obliged to pay out by dealing with jobbers. In other words, the man who has his clothes made by JULIt's WINTER, JR., & Co. saves one entire profit in the handling of the goods before they reach the tailor's hands. It is scarcely necessary to say that a house doing such a business as this is compelled to employ only the best cutters, as well as many of them. Only the best talent is engaged in this department, and an ill-fitting suit of clothes is almost an unknown thing iu the work done by this firm.
Being leaders in fashions, the house necessarily keeps thoroughly informed in all matters pertaining to the tailoring business. Mr. Winter himself makes several trips to New York every season, in order to purchase goods and to keep posted in the styles as soon as they are produced. His head cutters are men of established reputation, who could read- ily find employment in the most fashionable house in New York. His work is always in the latest and most elegant mode, and is always finished with those touches which afford such satisfaction to a man accustomed to being well- dressed, and which the practiced eye so readily detects. It is one thing to follow a pattern aud a fashion-plate ; but it is quite another to do this in an artistic manner, giving to a pair of trousers their proper fall, and to a coat the set about the shoulders and back that distinguishes a perfect from an imperfect job.
Mr. Julius Winter, Jr., is thirty-four years old. He isa native of this city, and was educated here and iu Germany, where he concluded his studies. It may be said that he was born to the business he chose to follow, his father owning one of the large clothing houses of this city. Thus he is thoroughly informed iu all the details of his business, to which he gives his personal attention. He is persoually popular, and in his mercantile house every courtesy is shown to a customer. His successful career shows him to be a thorough business man. He is a very capable manager, and is untiring in bis energy ; but this does not express those admirable qualities that have made him one of the prominent young business men of Louisville.
The fact of being well dressed is always a gratification to a man and to his friends. A man clad in good clothing is apt to entertain a certain respect for himself. Clothes no more make a fine man than fine feathers make a fine bird, considered otherwise than as to the bird's feathers ; but no one will deny that a spruce cock is a very much more agree- able object in the landscape than is a worn and hattered old drake. It is equally true that a well-dressed man is more agreeable to look upon than one whose clothes do not fit him, or are shapeless. It is also true that the former is apt to meet a kinder reception in the world than the latter.
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