USA > Minnesota > Rice County > History of Rice and Steele counties, Minnesota, Vol. I > Part 42
USA > Minnesota > Steele County > History of Rice and Steele counties, Minnesota, Vol. I > Part 42
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Faribault Engine Manufacturing Company. This company was started in 1903 and incorporated shortly afterward with a capital stock of $50,000. The factory is located in the old Polar Star mill, known in the early days as Greene's mill, at the end of First street, south. Its output consists of stationary and
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mounted gasoline engines, which are sold throughout the North- west. The company also manufactures a sanding machine for Schimmel & Reed. The factory operations cover a floor space of about 5,000 square feet, with about the same area devoted to storage, etc. About fifteen hands are employed. April 1, 1909, a fire entailed the loss of $8,000, covered by insurance. The officers are: President, D. W. Grant; vice-president, Samuel Grant ; secretary, N. S. Erb ; treasurer, F. R. Kummer.
National Carriage and Go-Cart Company. Faribault capital has been interested in the manufacture of rattan articles since early days. In 1886 the Faribault Rattan Works were built. In 1893 the Novelty Rattan Works were started. The present company was organized September 1, 1905. The company makes children's carriages and go-carts, also rattan furniture. The shop employs about twelve men. The output is sold throughout the Northwest. H. D. Farris is the present manager.
Faribault Co-Operative Creamery Company. This company was incorporated in 1906. The creamery is located on the cor- ner of Front street and First avenue, east, and markets its prod- uets locally and in New York. The company has 325 patrons and last year did $80,000 worth of business. During the past four months 150,000 pounds of butter have been made and $39,000 has been paid to farmers. Seven men are employed at the plant. The present officers are: President, D. W. Grant ; vice-president. S. Leahy ; secretary and manager, J. F. Graham ; treasurer, E. Vaux ; directors. John Craven, Eugene Harkins and John Hanlon.
Peterson Art Furniture Company. This company is owned and operated by John Peterson. The factory was started in 1906 in the old piano factory building, located on Fifth street between Seventh and Eighth avenues, west. They employ about twenty hands and the trade is wholesale, from coast to coast. The principal output is art novelties in the furniture line, espe- cially music cabinets, library tables and pedestals.
F. W. Winter & Co. This company was organized in 1875, the old location being in a stone building on the corner of Division street and First avenue, east, now occupied by the Faribault Co-Operative Creamery Company. The firm then moved in the early eighties to the present location on Third street, near the Milwaukee tracks. The floor space of the plant is about 25,000 square feet. F. W. Winter died eleven years ago and since that time his son F. P. has managed the business. The company does general foundry and repair work and manu- factures the Hazen windmills, tank pumps of three different descriptions and other articles. Fifteen men are employed.
Faribault Woolen Mill Company. C. H. Klemer, in 1865,
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put a carding machine into an old wagon shop, 18x20 feet, sit- uated on Fourth street and Second avenue. In 1869 a feed mill was put into the establishment, but this did not run long. In 1872 the building was enlarged and a regular set of woolen mill machinery was put in for the manufacture of yarn. In 1877 still other machinery was put in, including three looms and other appliances for making cloth. In the early eighties a factory building was erected near the river, on the corner of Third street and First avenue, east. This was entirely wiped out by fire, and in 1892 the present site on Cannon river was selected. The company was incorporated in 1906 and the present officers, as the first, are: President, F. C. Klemer; vice-presi- dent and treasurer, H. F. Klemer; secretary, F. H. Klemer. These three with F. Schwela make up the board of directors. The factory covers 20,000 square fect of floor space and employs thirty persons. The location of the plant is the old Matteson and Hulett mill, the old dam erected in the carly days being still used. The company manufactures flannels, blankets and yarns. The company sells directly to merchants and jobbers and employs also a number of traveling salesmen. The firm also has a retail store on Fourth street in Faribault. This store building, which contains the office, was erected in 1896.
Faribault Canning Company. This company was organized September 1, 1895. The incorporators were A. H. Hatch, E. Kaul, R. N. Jackson, A. L. Carufel, John Dec. Frank Tetrault, and J. P. Andrews. The capital stock was $10,000. The fac- tory ran very full several weeks without stopping until the fall of 1904, when the factory was destroyed by fire, the loss being $22,000. Immediately the company rebuilt, being ready for work again in six weeks. The company employs about 150 men dur- ing the canning scason, which lasts from four to six weeks. January 13, 1909, the capital stock was increased to $25.000. The average output is about 1,000,000 cans of corn a year. The brands put up in this shop are known as the "Old Colony," the "Minnesota," the "P'ride of Cannon Valley" and "Cooks' Choice." The officers of the company are: President, J. S. Stateler ; vice- president, George Buchanan ; treasurer, George A. Weston; scc- retary, A. M. Hatch; manager, H. E. Vaux. There are at present nineteen stockholders in the corporation. The factory is located on the Great Western Railroad, on the corner of Fourteenth street and Second avenue.
Nutting Truck Company. The product of this company is known throughout America and even in foreign countries, giving to Faribault an enviable reputation as a manufacturing center. F. G. Nutting, who came to Faribault as a youth with the carly settlers in 1855, founded the company in 1891, and his son, W. M.
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Nutting, has been associated in the business with him. The business was started in the foundry of F. W. Winter & Co., but the business grew so rapidly that a factory was built in 1899. A year later a foundry was erected. The factory covers a floor space of 10,000 feet and the foundry about half that space. There are also two fine warehouses, and in Wisconsin the company con- ducts a sawmill and lumber yard. The location of the com- pany's plant in Faribault is ideal, with the best of railroad facili- ties. The output consists of all descriptions of the celebrated Nutting Floor Trucks for handling merchandise of every descrip- tion under all conditions, embracing two, three, four and six- wheeled trucks, 500 to 5,000 pounds capacity, equipped with iron or patent rubber-tired wheels, patent anti-friction truck and roller bearing plate casters. The company also makes a specialty of designing and building trucks to order. Recently the Nut- ting Truck Company has achieved success in the manufacture of the Humphrey Employee's Elevator, the standard man lifting device for flour and other mills.
Theopold-Reid Mercantile Company. This company occu- pies a three-story brick building on Third street, one block east of Central avenue, together with a large warehouse. F. A. Theopold started a retail grocery business in the early days of Faribault and erected a stone block on the corner of Third street and Central avenue, now occupied by the Security Bank, in 1871. About 1888 lie decided to engage exclusively in the wholesale business, taking his son, Herbert C., into partnership. The company was incorporated under its present name in 1906 and the present officers are: President, H. C. Theopold; treas- urer, William McC. Reid. The company does a general whole- sale grocery business.
Faribault Furniture Company. This factory was originally owned and operated by N. S. Flint, who started on a small scale in a building on the corner of Fifth street and what was then known as Buckeye street, in 1865. In 1870 a brother, M. M. Flint, became interested in the firm and later became sole owner. In 1870 many improvements were made and a sawmill put in. Hutchinson & Stockton, who later became the owners, built in 1876 a fine building on Fifth street, now occupied by the Peter- son art furniture factory. In 1886 the company moved to its present location, to the east of Central avenue, between Fourth and Fifth street. The firm now does its manufacturing in a commodious, well-equipped building, and in its sightly store on Central avenue does a large retail business, and also has an under- taking and funeral directing establishment. The company was incorporated in 1894 and the present officers are: President and treasurer, John Hutchinson ; secretary, L. D. Harkins. The fac-
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tory has a big output and manufactures dining room suites, buffets, china closets, side tables, library tables, ladies' desks, combination cases, house desks, and other furniture.
Faribault Machine Shop and Foundry. A. Anderson & Sons, proprietors. The plant of this company is located on Fourth street and West Eighth avenue, north, and does all kinds of repairing and castings for gas and gasoline engines, farm ma- chinery, steam boilers and engines, and carries a full line of pipe and fittings. The company was organized as a partnership between Axel Anderson and Andrew H. Rawson in 1905, and continued until June 1, 1905, when Axel R. and George L. Anderson purchased the Rawson interests.
MANUFACTURING NOTES.
Adam Weyer established a wagon factory at the corner of Second street and First avenue, east, in 1866, and is still actively engaged in business at the old stand. In 1872 the Faribault Gas Company was organized and the plant put in at a cost of about $50,000. In 1887 the Gas Company was consolidated with an electric light company under the name of Faribault Consolidated Gas and Electric Company. In 1874 the Rice county court house was erected at a cost of $50,000. In 1876 Hutchinson & Stockton (now the Faribault Furniture Company) erected their furniture factory and store. In 1876 Lindeman Brothers erected their first carriage factory and enlarged it in 1884. In 1879 the F. W. Winter Company foundry and machine shop was crected The Cannon Valicy Railroad, now the Chicago Great Western, was put in operation in Faribault in 1882. In 1883 Westervelt & Ball established their carriage works and erected new plants in 1895 and 1900. In 1883 the Faribault water works and reservoir was put in at a cost of $101,000. In 1895 a considerable expense was added by increasing the water supply with an artesian well. Faribault Rattan Works were built in 1886. In 1888 E. M. Leach built his sash and door factory. In 1890 A. L. Hill rebuilt and enlarged his furniture factory, spending about $50,000. In 1890 the Faribault Boot and Shoe Factory was erected at a cost of $30,000. In 1892 the Schimmel & Nelson Piano Company was established. In 1892 the J. E. Glass Lumber Company was started. In 1892 C. H. Klemer & Sons erected their woolen mill. In 1894 the Farmers' Seed Company removed from Chi- cago to Faribault. In 1893 the Faribault sewer system was put in. In 1893 the Novelty Rattan Works was started. The Theo- pold Mercantile Company erected a new block on Third street and First avenue, east. The Wisconsin Lumber Company was organized in 1880. In 1893 it absorbed the A. Blodgett & Son
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Lumber Company. In 1895 the Polar Star Electric Company put in its plant. The Sheffield Milling Company in 1896 pur- chased and enlarged the Polar Star mill. C. E. and George N. Lynon erected here in 1895 a plant for making from flax straw what is known as upholstering tow.
BANKS AND BANKING.
It is impossible to make a thorough disclosure of a city's advantages without making a careful resume of the financial institutions, through the indispensable aid of which the pros- perity of a place is hastened and guarded.
W. H. Dike Banking House. This was started in 1857 and the name of the firm was G. W. Boardman & Co. The company consisted of G. W. Boardman, W. H. Dike and Jerod Bishop. Bishop's interest was looked after by Mr. Judd. This was not a bank of issue, but they did a general banking business. The bank was near the corner of Central avenue and Third streets. The building was frame, lacking lath or plaster, but finished on the interior with cotton cloth, which was papered over. In 1858 Mr. Boardman retired and the bank was then carried on under the name of the Banking House of W. H. Dike & Co. In those days of silver, gold and land warrants, not infrequently there would be exposed in the window of the bank $40,000 of this kind of currency, which astonished the newcomers. Bishop retired in 1863, but Mr. Dike continued until 1872, when the business was closed.
First National Bank. This bank was organized December 2, 1868, with the following board of directors: W. L. Turner, T. A. Berry, A. W. Mckinstry and F. A. Theopold, and the officers, who were: President, T. B. Clement; vice-president, E. W. Dike; cashier, Thomas S. Buckham. The capital was $50,000. The banking rooms were on the corner of Central avenue and Third street, the front part being a frame and the back part, where the directors met, of logs. In 1876 a three- story brick building was erected at a cost of $115,000. June 17, 1879, this was with several others destroyed by fire. The struc- ture was immediately rebuilt and the bank occupied the ground floor on the corner. This bank closed its doors under financial difficulties in January, 1905.
The Citizens National Bank was established in 1857 as a private bank, with Hon. Hudson Wilson at the head. It was organized as a national bank in 1871. Since then the bank has continued uninterruptedly to transact its growing business and today the Citizens National Bank stands as a representative of all that is best in our national banking system. It has a capital,
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surplus and undivided profits of $110,000, which is a showing that speaks well for its depositors as well as for its manage- ment. Here is done a general banking business. Money is Joaned on first-class securities, the accounts of merchants, manu- facturers and others are received subject to check, collections are remitted at lowest rates, etc. The Citizens National Bank is the only one in Rice county having a separate and distinct savings department and a liberal rate of interest is paid on savings deposits. It also enjoys the distinction of being the only bank in Faribault that is a depository for the United States funds. The bank is conveniently located, is equipped with burglar proof vaults, etc. The steady and reliable progress made by the Citizens National Bank since it was organized has not only furnished complete evidence of its able manage- ment, but has been of service to the city at large. Its officers are: C. M. Buck, president ; C. H. March, vice-president ; H. F. Kester, vice-president ; S. F. Donaldson, cashier, and J. J. Rachac. assistant cashier, with the following board of directors: C. H. March, E. G. Nutting, S. F. Donaldson, E. K. Clements, P. J. Gallagher, C. M. Buck, Wm. Kucker, H. F. Kester and T. J. McCarthy. These gentlemen are well known throughout Fari- bault and vicinity and by virtue of their long experience and reputation as business men add both honor and influence to the high position occupied by the Citizens National Bank of Faribault.
Following is the report of the financial condition of the bank rendered at the close of business, June 30, 1910:
Resources: Loans and discounts, $539,936.63; overdrafts, secured and unsecured, $10,915.92; U. S. bonds to secure circu- lation, $50,000; premiums on U. S. bonds, $1,282.51 ; U. S. bonds to secure U. S. deposits, $1,000; bonds, securities, etc., $54,968.75; banking house furniture and fixtures, $29,693.49; other real estate owned, $8,000; due from national banks (not reserve agents). $431.32; due from state and private banks, and bankers and trust companies, and savings banks, $515.91 ; due from approved reserve agents, $58,165.34 ; checks and other cash items, $3,033.02; notes of other banks, $700; fractional paper currency, nickels and cents, $747.27 ; lawful money reserve in bank (viz., specie. $38,999.05 ; legal tender notes, $6.025) $45.024.05; redemption fund with U. S. treasury, $2.500; due from United States treas- ury, $2,500; total, $806,914.21.
Liabilities: Capital stock fund, $80,000; surplus fund, $20,000; undivided profits, less expenses and taxes paid, $15,- 829.96: outstanding national bank notes, $50,000; due to state and private banks and bankers, $55,021 ; industrial deposit, sub- ject to checks. $263,246.87; dividend certificates of deposit.
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$3,513.07 ; time certificates of deposit, $315,591.17; cashier's checks outstanding, $2,712.17; U. S. deposits, $1,000; total, $806,914.21.
Security Bank. This is one of the popular banking institu- tions of this part of the state. It is also one of the most reliable, its success to date being not entirely due to business conditions, but rather to the wise management of its officers and directors and the liberal yet conservative policy that they have adopted. Every accommodation consistent with conservative banking is extended to patrons of this institution. A general banking busi- ness is transacted. Money is loaned on approved security, the accounts of manufacturers, merchants, firms, individuals and others are received subject to check, and a liberal rate of interest is paid on savings accounts. The officers and directors of the Security Bank are men of standing and character, conservative business men, in whom the public has every confidence. The bank is a liberal one as far as is consistent with sound banking principles, and the people of Faribault and vicinity are fortunate in having so well managed an institution located here.
The bank was incorporated in 1894 by D. W. Grant, Samuel Grant, B. B. Sheffield, C. M. Buck and Joseph Roach. The first officers were: Samuel Grant, president; Stephen Jewett, vice- president ; C. M. Buck, cashier. The bank was open for busi- ness June 16, 1894, in the Faribault Opera House Block. It changed location to the corner of Third street and Central avenue on June 1. 1899. The present officers are: Lynne Peavey, president; Stephen Jewett, vice-president; Leigh S. Matteson, cashier ; George E. Kaul, assistant cashier. The direc- tors are: D. W. Grant, Alson Blodgett, Jr., Stephen Jewett, E. Kaul, A. Filler, Thomas H. Quinn, George A. Weston, L. S. Matteson and L. Peavey. The original capital was $50,000. Capital, surplus and undivided profits at the present time amount to nearly $100,000. Tlie last annual statement showed deposits of over $700,000.
The statement of the bank rendered at the close of business, March 29, 1910, was as follows :
Resources: Loans and discounts, $580,947.47 ; overdrafts, $5,514.48; bonds, $94,800; banking house, furniture, fixtures, $17,771.19; due from banks, $84,095.71 ; checks and cash items, $230.98; cash on hand, $30,924.04; total, $814,283.87.
Liabilities: Capital stock, $50,000; surplus fund, $15,000; undivided profits, net, $27,577.73 ; deposits subject to check, $247,- 254.55; demand certificates, $7,688.89; cashier's checks, $13,- 953.98; due to banks, $44,718.41; time certificates, $408,090.31; total deposits, $721,706.14 ; total, $814,283.87.
Chase State Bank. The showing this bank has made during
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its five years of existence is a highly creditable one, and one that speaks well for the officers and managers, as well as for the people of Faribault and its environs. The Chase State Bank organized and commenced business in 1905, and although the youngest bank in Faribault, has since secured the endorsement of people in all walks of life and has become a favorite place for the deposit of large or small sums. The bank does a general banking business. The accounts of merechants, manufacturers and others are received subject to check, money is loaned on good security, collections are remitted at lowest rates, etc.
The saving department is another important feature of the bank, a liberal rate of interest being paid on time deposits. The officers of this bank are men of standing and character, men who are well known as being of unimpeachable integrity and are as follows : K. D. Chase, president ; Chas. S. Batchelder, vice-presi- dent ; A. S. Chase, vice-president ; K. S. Chase, cashier, and L. F. Shandorf, assistant cashier. The bank building is a handsome one, is located at the corner of Third street and First avenue, west, and is without question one of the most modern and thor- oughly equipped in southern Minnesota, and is a credit to the city. In conclusion it may be said that every facility and cour- tesy is extended the public at the Chase State Bank, and this bank's efforts are duly appreciated, as is indicated by its large number of depositors.
Following is the statement rendered at the close of business March 29, 1910:
Resources: Loans and discounts, $297,594.57 ; overdrafts, $686.76; bonds. $62,673.17; banking house, $7,000; due from banks, $43,609.56; checks and cash items, $861.73 ; cash on hand, $17,573.43; total cash assets, $62,044.72; total. $429.999.22.
Liabilities: Capital stock, $25,000: undivided profits. $1 .- 694.89: deposits subject to check, $186,820.73 ; cashier's checks, $4.581.89 ; due to banks, $772.16 ; total immediate liabilities, $192,- 174.78; time certificates, $211,129.55 ; total deposits, $403,304.22; total, $429,999.22.
CHAPTER XX.
FARIBAULT CHURCHES.
Episcopalian-Parish of the Good Shepherd-Cathedral of Our Merciful Saviour-Shumway Memorial Chapel-Catholic Churches and Schools-Bethlehem Academy-School of the Immaculate Conception-Catholic Mission-Church of St. Lawrence-Church of the Sacred Heart-Congregational- First Congregational-Plymouth Congregational-The Con- gregational Church-Baptist-First Baptist-Free Will Bap- tist - Methodist - First Methodist - German Methodist - Lutheran-St. Lucas-Immanuel-Markers-Trinity-Zion.
Faribault is a city of churches as well as schools, and as a religious center the city has taken a prominent place in the nation. It has handsome church buildings and large congrega- tions of all the leading denominations. Among the churches here are the Baptist, Congregational, three Catholic (Immaculate Conception, English ; St. Lawrence, German ; and sacred Heart, French), two Protestant Episcopal (the Cathedral of Our Merci- ful Saviour, in which worships the parish of the Good Shepherd, and Shumway Memorial Chapel, in which worship the students of Shattuck School), Zion Church, Evangelical Association of North America, four Lutheran churches (German Evangelical, Immanuel Evangelical, Norwegian; Markers Norwegian Lu- theran and Trinity Evangelical, German), two Methodist Epis- copal ( English and German).
EPISCOPALIAN.
Parish of the Good Shepherd. This parish has no church edifice. Services are held in the Cathedral, and the rector of the parish is also dean of the Cathedral. The initial service of this parish was in Faribault on June 30, 1855, Trinity Sunday, at 10:30 a. m. and at 3 o'clock. A child of E. J. Crump was bap- tized. The next was on Sunday, September 8, 1855, and again on December 15. In the meantime Rev. T. Wilcoxson, who was the pioneer missionary, had held services in Northfield and other places not far away. September 29, in connection with Bishop Kemper, of Wisconsin, services were held in the Congregational church here.
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The history of the early struggles of this church is a counter- part of what occurred with so many others all through the country when it was filling up with men with such diversified views. As near as can be gathered the first continued service in the Episcopal form was by the Rev. J. Lloyd Breck and Rev. S. W. Manney, who came after Breck, who were two devoted missionaries, clear-headed and large-hearted. They had a vision of the future requirements of this community, which was pro- phetic, and they set themselves at work with a zeal that knew no flagging, and an intelligent devotion that laid a foundation for the success that has followed and that is so largely indebted to their patriotic christianity. The commencement was in 1857, meetings were held in all eligible points that could be reached by these unwearied missionaries of the Cross. Mr. Breck was from Pennsylvania. Rev. David P. Sanford came as an asso- ciate in the work in 1858. Faribault was selected as the per- manent missionary station, and incursions and excursions were, in the true evangelical spirit, made in all directions for many miles.
The services here were at first in a store which Major Fowler afterwards occupied. After a few months a building long known as the "Old Chapel" was erected in the block now occupied by the high school, and a parsonage called the "Mission House" was constructed, remaining intact until 1869. Rev. Sanford remained here about one year. Rev. Manney remained here until the time of his death in 1869. Rev. Dr. Breck remained up to the year of 1867, then went to California, where he died in 1876. He was a born missionary, a model pioneer, who could submit to his surroundings were they ever so disagreeable, if they could not be improved, which he always promptly set himself to do. He was sadly missed, but the monuments of which he laid the foundations will endure while America remains a nation.
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