USA > Michigan > Jackson County > History of Jackson County, Michigan > Part 44
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JACKSON CITY BANK,
situated on West Main street, between Mechanics and Jackson streets, is the outgrowth from a private bank, established by
431
HISTORY OF JACKSON COUNTY.
William D. Thompson & Co. more than a quarter of a century ago. It was organized under a State charter on Jan. 1, 1865, by Wm. D. Thompson and Allen Bennett, with a capital stock of $100,000. Some years after Alonzo Bennett became a stockholder, but when the business of the First National Bank was wound up, in 1879, Mr. Bennett retired, and Mr. Thompson became sole proprietor of the Jackson City Bank, and has so continued until now. He has been its president, and Benjamin Newkirk its cashier from the be- ginning. This bank does a business equaled by few banking houses in Michigan, and is one of the most reliable, as the sworn financial statement for January 1, 1881, indicates:
RESOURCES.
Loans and discounts.
$452,315 13
Overdrafts.
3,267 03
Banking honse, safe and fixtures
10,000 00
Revenue stamps. .
235 53
Due from banks and banker.
70,099 16 }
76,617 54
Checks on other banks ..
6,518 38 €
Legal tender and bank notes.
57,751 00
70,570 61
Coin
12,819 61 5
215 05
Cash items.
$613,220 89
LIABILITIES.
Capital.
$100,000 00
Surplus.
100,000 00
Interest account. .
50,000 00
Due banks and bankers.
567 46
Due depositors.
360,460 56
Profit and loss.
2,192 87
$613,220 89
THE PEOPLES' NATIONAL BANK
is situated on the southeast corner of Main and Mechanics streets, and is the only National Bank in the city. In June, 1865 the charter was granted; the bank was organized with a paid-up capital of $100,000, and the following named gentlemen as its officers: Henry A. Hayden, President; John M. Root, Cashier. Its doors were opened for business in November, 1865, since which time its career has been one of continuous and increasing success. The bank has been so judiciously managed that a surplus has always remained after paying the semi-annual dividends of five per cent., and the volume of business for each six months has exceeded that of the six months previous. About five years after the bank was opened Mr. John M. Root succeeded Mr. Hayden to the presidency, and W. C. Lewis became cashier. Perhaps few institutions of its class in this, or any State, have passed through 16 years of history, -years burdened with a great financial crisis-with such unwaver-
432
HISTORY OF JACKSON COUNTY.
ing prosperity as the Peoples' National Bank. Its present officers are: John M. Root, President; Daniel B. Hibbard, Vice-President; W. C. Lewis, Cashier; Directors. H. A. Hayden, Austin Blair, W. R. Reynolds, D. B. Hibbard, J. M. Root, W. C. Lewis and William F. Goodwin.
P. B. Loomis & Co.'s private banking house, located at 109 East Main street, was first established in March, 1856, by P. B. Loomis and Samuel W. Whitwell, in the block opposite the late old Marion House, on West Main street. There was then but one other bank in Jackson, that of Wm. D. Thompson, George B. Cooper & Co. The firm of Loomis & Whitwell was dissolved by the retirement of Mr. Whitwell in 1865, leaving the business in the hands of Mr. Loomis until 1869, when he formed a partnership with Barnabas S. Chapin, the title of the firm becoming P. B. Loomis & Co. Jan. 1, 1878, Nathan S. Potter and George E. Loomis were admitted as partners; and on Dec. 31, 1879, Mr. Chapin retired, since which time the business has been conducted by the other three gentlemen under the old firm name of P. B. Loomis & Co., with N. S. Potter as cashier. The house confines its operations to a strictly legitimate banking, and does a business second in volume in the county.
The Jackson County Bank was established under charter by the State in 1872, with a capital stock of $50,000. The incorporators and stockholders were: Horace S. Ismon, Henry V. Perrin, Ira Wakins, W. B. Reynolds and Thomas Cooley. H. S. Ismon was chosen president and H. V. Perrin, cashier, who still fill the same positions. The bank does both a general and savings business, has been prosperous from the first, and is one of the substantial in- stitutions of the city. It is located at No. 107 South Mechanics street. ·
The Jackson Interest and Deposit Bank was established Feb. 3. 1869, by Douglass Gibson and Thomas Westren, as a private part- nership enterprise. It is located in the Hurd House block, on East Main street, and, as its title signifies, does a general and sav- ings banking business, and is a substantial and successful concern.
The First National Bank was organized with Alonzo Bennett as president and John C. Bonnell as cashier, and commenced business July 1, 1865, with a capital stock of $100,000. The incorporators were: Alonzo Bennett, Allen Bennett, Win. D. Thompson, Amasa Gibson, Charles W. Penny and George F. Rice. On Jan. 1, 1879, Mr. Bonnell retired from the position of cashier, and Frank D. Bennett succeeded him. The bank wound np its business and closed its doors about June 1, 1879.
THE AGRICULTURAL SOCIETY.
The letters of Solon Robinson, of Iowa, on the benefits which would result to the Union from the organization of agricultural societies, had a most beneficent effect. Throughout the old and
433
HISTORY OF JACKSON COUNTY.
new States his theories were participated in by many, and resulted in those organizations which now bless the land.
THE BEGINNING AT JACKSON.
The farmers of Jackson county assembled at the court-house June 26, 1841, for the purpose of organizing a county agricultural society, or rather of taking initiatory steps toward that end. A resolution was offered and accepted by the assemblage "that this meeting adjourn to meet again at the same place on the 17th day of July, at 10 o'clock A. M., for the purpose of forming an agri- cultural society and for transacting such other business as may come before the meeting." The adjourned meeting took the form of a convention of farmers, which, after a call to order by J. G. Cornell, the chairman of the committee on constitution and by- laws reported. The committee on official appointments reported the following names as the choice of the convention for officers of the society : J. G. Cornell, President; Paul B. Ring, A. F. Bolton, James Valentine and James Ganson, Vice-Presidents; R. C. Baker, Recording Secretary; Chester Bennett, Corresponding Secretary; Norman Allen, Isaac Taylor, James E. Fisher, Guy C. Chatfield, E. T. Crout, Jonah Whitman, S. F. Adkins, Roswell Davis, Sam- uel Shelden, Jr., Directors.
A series of appropriate resolutions were adopted, and the first agricultural society of Jackson county was fully organized. This society was an unincorporated body, and consequently not recog- nized by the State; and so it remained until a few years ago, when it received a charter. From the period of organization until 1852 its practical utility was very questionable; it, however, tended to educate the minds of the people to a sense of the benefits which should necessarily arise from a perfect knowledge of agriculture imparted through channels only open to organized bodies. In 1852 the officers elected by the society were : J. G. Cornell, Presi- dent; J. C. Wood, Secretary; Guy Foot, Treasurer; with an execu- tive committee composed of Alonzo Bennett, Charles W. Penny and James De Puy.
M. Shoemaker was appointed a committee to inquire into the state of moneys formerly paid for the formation of an agricultural society. At the same meeting Messrs. Thompson, Dixon, Shoe- maker and De Puy were appointed a committee to draft a constitu- tion.
The next meeting was held Dec. 7, 1852, within the office of J. C. Wood, at which it was resolved to offer $300 as premiums at the ensuing fair, which was to be held in Jaekson village Oct. 5 and 6, 1853.
Following are brief accounts of meetings by years :
1853 .- The first annual fair of the Jackson County Agricultural Society was held in October, 1853. The grounds used on that oc- casion comprised the square at the northwest corner of Main and Jackson streets. There the cattle, sheep, hogs, agricultural imple-
434
HISTORY OF JACKSON COUNTY.
ments and machinery were exhibited. The court-house was given up to fruit, grain, kitchen-garden products, domestic manufactures and fancy work. The work of the several committees was perfect and the exhibition a success. The amount of premiums and sun- dry expenses incurred in organizing this fair was $294.28.
1854 .- A meeting, held Feb. 25, 1854, appointed J. G. Cornell President; J. C. Wood, Harry Hurd and James De Puy on the executive committee. The minutes of this meeting were signed by R. Landon, Secretary, and give place to a motion ordering the pay- ment $6.25 each to J. C. Wood and James De Puy for services rendered at the former fair; 817.44 to L. J. Byrne for tencing fair ground, and $15.00 to J. C. Wood for services as secretary. In 1854 the executive authorized a "plowing match," the premiums offered reaching the sum of $15. The extent of money disbursed for premiums and expenses, by S. O. Knapp, on orders issued by E. Pringle, amounted to $547.95.
1855 .- The October election resulted in the return of Michael Shoemaker, President, S. O. Knapp, Treasurer, E. J. Connable, Secretary. The executive committee comprised Henry Hurd, A. H. De Lamatre, James De Puy, F. M. Foster, T. E. Gidley, O. L. Cooper, with 17 vice-presidents. Those gentlemen lost no time in completing arrangements for the 4th annual county fair, to be held in Jackson, October 1856. In publishing the programme a lengthy statement of the financial condition of the society was given from which it appears, that $4,084.03 were expended on buildings and grounds since 1853.
1856 .- The fair of 1856 was a victory for the society and a credit to the county.
1857 .- The annual election of officers for 1857 took place in- mediately after the fair. Hon. M. Shoemaker was elected presi- dent, S. O. Knapp, treasurer, and E. J. Connable, secretary. J. C. Wood and R. E. Aldrich were added to the executive committee. The expenditures reported, Jan. 9, 1857, amounted to $3,409.77, being $769 in excess of receipts, yet possessing a representative value in the buildings and grounds of the society.
1858 .- The election of officers for 1858 resulted as follows: Hon. J. E. Beebe, President; E. J. Connable, Secretary; and B. Newkirk, Treasurer; with A. H. De Lamatre, J. C. Wood, R. E. Aldrich, S. O. Knapp, James De Puy and O. L. Cooper forming the execn- tive. The receipts for 1857 amounted to 82, 863,47; disbursements, $2,863.47; and indebtedness, $864.12. The unfavorable state of the weather interfered materially with the success which this meeting gave promise of attaining. At the election of officers for 1859, J. L. Butterfield was chosen president, Daniel Upton, secretary, and S. W. Whitwell, treasurer. D. Merriman, R. E. Aldrich and A. H. De Lamatre were appointed an executive committee. For some reason, unexplained, J. E. Beebe and Mr. Newkirk resigned their positions before the close of their year of office, and the officials elect were appointed to take their place.
Horace Dran
437
HISTORY OF JACKSON COUNTY.
1859 .- The meeting of January, 1859, was important in so much that the condition of the society was inquired into minutely, and a programme adopted for the seventh annual fair. The liabilities of the organization amounted to 1, 758.97, and resources to 8714.17, showing an indebtedness equal to $1,044.80. The fair was as suc- cessful as its greatest supporters could desire.
1860 .- The officers elected for 1860, viz .: J. D. Butterfield, President; D. Upton, Secretary; and Robert F. Lattimer, Treasurer, were installed at the January meeting. S. O. Knapp, Robert II. Anderson, James De Puy, A. H. De Lamatre, R. C. Aldrich, and Dwight Merryman constituted the executive committee. The statement of receipts and expenditures for 1859 showed the former to be 83,469.81, and the latter to equal 83,469.75. These figures include 81,000 loaned by A. Wing, which item is again set forth in the expenditure. The receipts of the fair amounted to no less than $1,685.55. In February, 1860, Dan. Upton resigned the secretary- ship, when the executive committee appointed Walter Budington and H. C. Mead as his successors in the office. The fair held in September gave general satisfaction to exhibitors and the manage- ment. The indebtedness of the society was increased during the year, owing to its being made defendant, in the case of Russ v. Jackson County Agricultural Society. The fair ground was pur- chased from the widow of Dr. Oliver Russ, but her son's interest in it was not released, and consequently he was legally entitled to his share of its value. The case was, however, withdrawn from court, and placed in the hands of arbitrators, who allowed the young claimant 8175 and costs. The award was duly paid, a deed given, and the members of the society were in full possession of a valu- able property.
1861 .- Ransom E. Aldrich, President-elect; Hernando C. Mead, and Walter Buddington, Secretaries, and Robert F. Latimer were installed at the January meeting of the organization. The pro- ceedings of the 9th annual fair were of a most conciliating charac- ter. The revenue for the year was $961.13, and the disbursements $853.17, showing a balance on hand of $107.96.
1862. - The officers of the previous year were re-elected. The fair of that year was comparatively successful, socially at least. There is not a record of the society's financial condition.
1863 .- Marvin Darril, President; Walter Budington, Secretary; and Frank W. Anthony, Treasurer, the officers elect, took their places. The question of the annual fair was duly discussed and approved, a liberal list of premiums presented, and the fair made a success. The transactions of the society for 1864 are not placed in the record. The receipts for 1863 amounted to $1,494.64, and the expenditures to $984.80. The officers elected in 1863 were confirmed in their positions in 1864. A fair was held and the labors of the society crowned with success. Their labors during 1865 were also well directed-showing the receipt of $2,085.34, a disbursement of $1,321.67, and a balance in favor of $763.67.
27
438
HISTORY OF JACKSON COUNTY.
1866 .- The transactions of the society during 1866 were carried out under the direction of the former officers, with M. Shoemaker, R. E. Aldrich, Morgan Case, H. E. Asborn, J. De Puy and John Landon, members of the executive committee. The progress made by the society is evident from the fact that its expenditures were 81.633.27, and the balance left in the treasury was $930.38.
1867 .- The January elections resulted as follows : James De Puy, President; Ben. Porter, Secretary; F. W. Anthony, Trea- surer, with Geo. W. Kennedy, Morgan Case, H. K. Fritts, R. II. Anderson, M. Shoemaker and John Landon forming the execu- tive committee. The meeting appointed Oct. 8, 9 and 10 as the dates on which the fair would be held. The event was looked forward to with anxiety, and proved in every way equal to the an- ticipations of the people. The cash received, including balance from 1866, was $2,593.30, and the disbursements 82,135.99, leav- ing a balance in favor of 8457.37.
1868 .- The officers elected for 1868 were: Jas. De Puy, Presi- dent; Ben. Porter, Secretary; Geo. W. Kennedy, Treasurer, with an executive committee comprising M. Shoemaker, Morgan Case, Chris. Van Horn and D. O. Barnard. The books of the treasurer and secretary were audited and reported correct, and the inevita- ble fair passed off with eclat. The revenue for the year, ineluding balance brought forward, was $2,298.42, the expenditure $2,200, and the balance to the credit of 1869, 898.89.
1869 .- Morgan Case was elected president, Geo. W. Kennedy, secretary, and J. De Puy, treasurer. Henry Daniels, Dr. Rob- inson, W. B. Thorn and J. B. Dean, formed the executive com- mittee. The fair was held on Oct. 20, 21 and 22, and was successful, like its precedents. The receipts were $1,642.85, and disburse- ments $1,599.66.
1870 .- Dr. J. A. Robinson was elected president; Messrs. De Puy and Kennedy were re-elected to fill their respective positions; Mark L. Ray, Caleb Angevine, I. P. Dean, W. H. Doney, W. B. Thorn, and Henry Daniels formed the executive.
In 1871, Ephraim Van Horn was elected president, Robt. D. Knowles, secretary; Chester Warriner, treasurer; Wm. B. Thorn, John A. Drew and H. W. Doney, directors. The receipts summed up 83,352.06, and the disbursements $3,271.51. An arrangement was entered into this year with the State Society, guaranteeing the safety of their buildings on the grounds of the county society.
The document is signed by W. G. Beckwith, President of the State Agricultural Society, R. F. Johnston, its Secretary, of the first part, and E. Van Horn, President Jackson County Agricult- ural Society, and R. D. Knowles, its Secretary, of the second.
In 1872 the society was presided over by the same officers, a fair held, and dispositions made to improve the grounds.
The transactions of 1873 were of an important character. John F. Drew, president, R. D. Knowles, secretary, C. Warriner, Treasurer, with an executive composed of J. L. Thorn, John L. Mitchell, Holmes Tabor, Isaac P. Wheeler, J. P. Dean and Caleb
439
HISTORY OF JACKSON COUNTY.
Angevine, directed the destinies of the society, and each labored toward its prosperity.
The officers for 1874 were: Michael Dwelle, President; R. D. Knowles, Secretary; Chester Warriner, Treasurer. The executive committee comprised I. P. Wheeler, J. P. Dean, A. J. Palmer, and Caleb Angevine. The exposition of that year ranked among the most successful held throughout the country.
The balance carried forward to 1875 equaled $832, but this was paid over to John T. Durand, to apply on a mortgage held by him against the society. The officers for 1875 included Caleb Ange- vine, President, Secretary Knowles, and Treasurer Trumbull. The members of the executive committee were D. Holcomb, J. L. Mitchell, HI. Tabor. C. R. Palmer and Jolin R. Pool. Articles of association were subscribed to by John L. Mitchell, Ben. Porter, D. S. Holcomb, C. R. Palmer, E. Robinson, Ben. Trumbull, D. Merriman, Robert D. Knowles, Chester Warriner and Col. M. Shoemaker. The articles set forth the objects of the society to be the encouragement and advancement of agriculture, manufactures and the mechanical arts. The first directors were: John L. Mitchell and D. S. Holcomb, elected for three years; Holmes, Tabor and Isaac P. Wheeler, for two years; Courtland C. Palmer and Edmund Robinson, for one year, and until their successors are elected.
1876 .- Caleb Angevine was elected president, A. M. Tinker, secretary, and Ben. Trumbull, treasurer. The members of the executive committee were: Edmund Robinson, C. R. Palmer, Dau'l S. Holcomb (two years), Spring Arbor; John L. Mitchell (two years), Jackson; Holmes Tabor (one year), Jackson; Isaac P. Wheeler (one year), Pulaski. Vice-Presidents-William J. Austin, Rives; Patrick Hankerd, Henrietta; J. H. Townley, Tompkins; Charles HI. Smith, Leoni; E. E. Swift, Grass Lake; W. C. Weeks, Columbia; Sylvanus Palmer, Norvell; Peter Larue, Blackman; Charles I. Moe, Sandstone; Lorenzo Nowlin, Pulaski; Alonzo McCain, Summit ; A. G. Ayers, Hanover ; George Croman, Waterloo; Myron Gillett, Springport; James Helmer, Parma; M. II. Ray, Concord; J. D. Price, Spring Arbor; U. A. Griffin, Napoleon; George S. Wilson, Liberty; D. Markham, 1st ward, Jackson city; M. Shoemaker, 2d ward, Jackson city; Lincoln Wood, 3d ward, Jackson city; George Lake, 4th ward, Jackson city; J. H. Emmons, 5th ward, Jackson city; M. W. Fish, 6th ward, Jack- son city; Eugene Pringle, 7th ward, Jackson city; Benjamin Por- ter, 8th ward, Jackson city.
The fair this year was well patronized.
One of the most important meetings of the executive committee of the State Agricultural Society was held at the Hibbard House, Jackson, in December, 1876. It had a most beneficent effect upon the societies of the State, as the speakers dwelt fully and earnestly with the question of agriculturist organization.
1877 .- L. D. Watkins, President; M. W. Clark, Secretary, and A. M. Tinker, Treasurer. The executive committee comprised E. Cooley, A. G. Ayers, D. S. Holcomb, J. L. Mitchell and C. R.
440
HISTORY OF JACKSON COUNTY.
Palmer. Messrs. Humphrey, Sterling and Hyde, of the State Ag- ricultural Society, were present. A little disagreement existed between the State and county in the matter of privileges claimed by the former. The State society demanded the use of the county grounds, on the strength of a contract entered into with President Van Horn and R. D. Knowles. The county members repudiated such a contract, and here the matter rested.
1878 .- The fair and exposition of this year was one of the best efforts of the society. Under the several superintendents, whose names are subscribed, the enterprise of the association was most successful and ereditable to the organizers. A. M. Tinker, booths; David H. Creech, police; Anson H. De Lamater, horses and ring; Jesse Hurd, track; Zenas C. Eldred and Albert Stiles, floral hall; Mr. and Mrs. Theo. A. King, bread, butter, honey and sweet- meats department, west wing Agricultural Hall; H. F. Thomas and J. E. Ferguson, fruits and vegetables, fruit, east wing Agricult- ural Hall; vegetables, north wing Agricultural Hall; Edwin Rob- inson, miscellaneous department; Eliner Dennis, machinery and farm department; Alonzo McCain, cattle; M. H. Ray, sheep; C. W. Gillette, poultry. Business Committee-D. S. Holcomb, M. W. Clark, A. M. Tinker, J. L. Mitchell.
At a meeting of the board of supervisors Jan. 14, 1878, a report of the committee appointed in the matter was adopted, accepting land in trust for the Agricultural Society for their annual fairs, authorizing an appropriation of $8,400 from the general funds of the county to remove the incumbrance upon the land. This sum was paid in lieu of an annual appropriation; provided for by law for 15 years. The Agricultural Society was to keep the premises in good repair. Whenever, within 15 years, the society should pay the county the above sum, the board of supervisors contracted to convey to it the said land, provided the necessary legislation was secured authorizing such conveyanee.
1880 .- The officers for 1880 were as follows: Directors-Mark H. Ray, Concord, President; J. T. Hammond, Jackson, Secretary; A. M. Tinker, Jackson, Treasurer; Anson H. De Lamater, Colum- bia, term expires January, 1881; J. L. Mitchell, Jackson, term expires January, 1881; W. J. Austin, Rives, term expires Janua- ry, 1882; J. D. Cook, Henrietta, term expires January, 1882; W. J. G. Dean, Hanover, term expires January, 1883; James W. Dey, Parma, term expires Jannary, 1883. Vice-Presidents -- J. R. Moffatt, Blackman; R. H. Hungerford, Concord; Warren Case, Columbia; M. D. Raymond, Grass Lake; A. G. Ayers, Hanover; Charles C. Hurd, Henrietta; Daniel Boynton, Leoni; W. E. Kennedy, Liberty; D. C. Blair, Napoleon; George Reed, Norvell; Parma; Jason W. Clark, Pulaski; Thomas P. Smith, Rives; Charles E. Howe, Sandstone; Theo. A. King, Spring Arbor; - Springport; D. B. Walworth, Summit; Geo. J. Townley, Tompkins; J. H. Hubbard, Waterloo; E. T. Doney, Jaekson; M. W. Robinson, Jackson; Lincoln Wood, Jack- son; W. A. Gibson, Jackson; S. O. Knapp, Jackson; C. H. Has- kin, Jackson; and II. M. Murphy, Jackson.
441
HISTORY OF JACKSON COUNTY.
The management of the Exposition held October, 1880, was entrusted to the following superintendents: A. M. Tinker, booths; Moses Smith, police; D. C. Blair, horses-Classes I. II. III. and V .; W. J. G. Dean, speed and trotting; --- floral hall; Mr. and Mrs. Porter S. Harrington, bread, butter, honey and sweetmeats; H. F. Thomas, fruit; Dr. J. L. Mitchell, vegetables; J. D. Cook, miscellaneous department; C. R. Palmer, machinery and farm implements; A. H. De Lamater, cattle; Martin Tanner, sheep; Maynard Sharpe, swine; D. B. Walworth, poultry; D. S. Hol- comb, forage.
1881 .- The last annual meeting of the society was held at Jack- son Jan. 7, 1881, when the following reports were presented :
Your secretary would respectfully report that he has drawn orders on the treas- urer to the amount of $4,166.62, of which amount $2,297.09 was drawn for pre- miums awarded and $1,869.53 for accounts allowed by the Board of Directors.
There remains in my hands of these orders $4.80 due to parties whose accounts were allowed by the board, and $115.62 of premium or 'ers. According to rule 15, these premium orders are now forfeited to the society. Owing to some peculiar circumstances connected with a part of said orders, the Board have directed cer- tain orders amounting to $13.25 to be delivered to parties entitled to the same, whenever called for, not withstanding said rule.
J. T. HAMMOND, Secretary.
The report of A. M. Tinker, Treasurer, shows that the cash re- ceipts of the society for the year ending Jan. 7, 1881, were $4,- 026.79 ; expenditures 83,915.95; balance in treasury, $110.84.
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