USA > Minnesota > Redwood County > The history of Redwood County, Minnesota, Volume I > Part 64
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HISTORY OF REDWOOD COUNTY
sistant cashier. 1915-A. O. Gimmestad, president; C. Knutson, vice president; C. C. Enestvedt, cashier; Oscar Gimmestad, as- sistant cashier. The policy of the bank is progressive-conserva- tive. The present board of directors is composed of A. O. Gim- mestad, C. Knutson, Daniel MeKay, C. Olson, Anton Weidemann, P. A. Hanson and H. F. Hagen. The financial statement for June 30, 1916, was as follows: Resources-loans and discounts, $200,- 217.18; overdrafts, $367.41 ; banking house and fixtures, $3,350.00; cash and due from banks, $18,061.02; other real estate, $6,800.00; checks and cash items, $173.79; paid out for expenses in excess of earnings, $467.95; total, $229,437.35. Liabilities-capital stock, $15,000.00; surplus, $11,000.00; total deposits, $203,437.35; total, $229,437.35.
The Farmers' State Bank of Belview came into existence Sep- tember 27, 1910. Banking conditions, at that time, were such that a few enterprising citizens thought the time ripe for a sec- ond bank in Belview and accordingly G. F. Rahn, Dr. F. H. Aldrich, R. E. Gryting, Frank Martin, S. F. Peterson, L. T. Braa- fladt and E. D. Collins set out to organize a new bank. Money was so plentiful and faith in the new enterprise so sure that in two days the shares were all sold and on the date above men- tioned the bank opened for business in the building now occu- pied by H. O. Hegdal's salesroom. The first set of officers was as follows: L. T. Braafladt, president; Dr. F. H. Aldrich, vice- president; G. F. Rahn, cashier. The new institution was pros- perous from the opening day. In fact, it rapidly outgrew the building in which it was started, and a new concrete fire-proof and a strictly burglar-proof safe for its vaults was decided upon and carried to a successful culmination when on March 21, 1911, the new building was occupied. Steady and healthy growth has marked the progress of the institution ever since.
The second change in officers was made in 1911, when L. T. Braafladt resigned. Dr. F. H. Aldrich was then elected to the presidency, and he served in that capacity until March, 1914, when he was succeeded by S. F. Peterson, with R. E. Gryting, vice president; G. F. Rahn, cashier, and C. R. Rahn, assistant cashier. These officers are now serving. The capital stock at organization was $10,000, with no surplus. No changes have been made in the capital stock, but a surplus of $1,500 has been created. During the past year the building has been remodeled and the old front taken out and replaced with a white enameled brick front, at a cost of $2,000.00; also a panel ceiling placed in the interior. The bank now has deposits of $66,000, and has declared ten per cent dividends to its stockholders annually, with excellent prospects of larger returns in the future, not- withstanding that money can now be had on bankable notes, at eight per cent, a condition which did not obtain when the bank
575
HISTORY OF REDWOOD COUNTY
was started, ten per cent being the rate then asked and received. Conservation is the watch word of the bank and this policy is more than carried out by its board of directors, seven in number, each of whom is as reliable as the Rock of Gibraltar. The bank's statement September 12, 1916, was as follows: Resources-loans and discounts, $75,490.71; overdrafts, $49.00; banking house, fur- niture and fixtures, $5,623.10; due from banks, $5,969.57; cash on hand, $2,810.04; checks and cash items, $36.48; total, $89,- 978.90. Liabilities-capital stock, $15,000.00; surplus, $3,000.00; undivided profits, net, $60.70; deposits, $71,918.20; total, $89,- 978.90.
The State Bank of Clements was incorporated August 28, 1902, by M. Lehrer, A. C. Ochs, John B. Schmid, Wm. G. Frank, Jno. R Schmid, H. C. Warnke, Jos. Epple, and Julius A. Schmahl. The bank opened for business September 1, 1902. The first officers and directors were: President, H. C. Warnke; vice president, A. C. Ochs; cashier, Jos. Epple; board of directors, Jos. Epple, H. C. Warnke, M. Lehrer, William G. Frank, and A. C. Ochs. The institution owns its building, which was erected during the summer of 1902. H. C. Warnke and A. C. Ochs have served as president and vice president ever since the organization; Jos. Epple acted as cashier from time of organization to July 1, 1908, at which time he was succeeded by Gust. Backer, who served in the same capacity until March 1, 1914, being succeeded by S. R. Kramer. The bank's policy being to render every accommodation possible consistent with good banking. Its latest financial state- ment, September 12, 1916, reads as follows: Resources-loans and discounts, $92,875.73; overdrafts, $682.19; banking house, furniture and fixtures, $4,500.00; due from banks, $7,430.24; cash on hand, $2,471.33; checks and cash items, $1,691.38; paid out for expenses, etc., in excess of earnings, $79.86; revenue stamps, $30.00; total, $109,760.73. Liabilities-capital stock and surplus, $18,000.00; deposits, $91,760.73; total, $109,760.73.
The Delhi State Bank was established and opened for busi- ness as a private institution, October 1, 1902, under the name of Delhi Bank. It was incorporated as Delhi State Bank in 1911, the incorporators being: J. A. Piersol, A. R. Piersol and A. O. Gimmestad. The officers were: J. A. Piersol, president; Peter Mckay, vice president; A. R. Piersol, cashier; Mary L. Piersol, assistant cashier. J. A. Piersol, Peter McKay and A. R. Piersol were directors. The present officers are the same, except that there are now two assistant cashiers, Grace Piersol and O. A. Bramsche having succeeded to that office in place of Mary L. Piersol. The bank owns its own building, which was erected in 1910. "Honesty is the best policy," is the motto of this insti- tution. Although too close to the county seat to have a large and rapid growth, it has progressed steadily and intrenched itself
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HISTORY OF REDWOOD COUNTY
in the confidence of the citizens of Delhi and the vicinity. Its statement at the close of business June 30, 1916, was as follows: Resources-loans and discounts, $64,943.11; overdrafts, $40.66; banking house furniture and fixtures, $4,807.11; cash and due from banks, $6,966.46; total, $76,757.34. Liabilities-capital stock and surplus and undivided profits, $11,761.92; deposits, $64,- 995.42; total, $76,757.34.
Lucan State Bank. This bank was organized as the Redwood County Bank, July 1, 1905, with F. W. Stevens, president; A. Schmidt, vice president, and P. M. Dickerson, cashier. It was conducted as a private bank until January 14, 1908, at which time it was reorganized as the Lucan State Bank. F. W. Stevens has always been president. P. M. Dickerson was cashier until Jan- uary 1, 1909, when Nels Larsen succeeded him and held the posi- tion until the latter part of the year, when he was succeeded by Anton Kramer. The assistant cashier is Jos. J. Zeug. Nels Larson was elected vice president in 1910 and has held this posi- tion ever since. The bank's last statement (September 12, 1916) shows the following items: Resources-loans, $110,249.01; over- drafts, $313.48; banking house and furniture, $4,500.00; cash and due from banks, $28,503.08; total, $143,565.57. Liabilities-capi- tal stock, $15,000.00; surplus and profits, $7,067.27 ; deposits, $121,- 498.30; total, $143,565.57.
State Bank of Lamberton was incorporated September 6, 1898, with a capital of $25,000.00, and immediately began business. The incorporators were: F. Schandera, L. Redding, R. Morton, A. C. Ochs, Peter Manderfeld, John Koenig, John Haas, John H. Roth, M. Lehrer, Emil Swanbeck, J. L. Soch and Ferd Crone. In October, 1899, the bank moved into its newly completed building, constructed by A. C. Ochs. The first officers of the institution were: F. Schandera, president; A. C. Ochs, vice president; L. Redding, cashier; directors, F. Schandera, R. Morton, John Koenig, Peter Manderfeld and A. C. Ochs. The bank has pros- pered and has taken for its trade motto, "Security and Service," looking after the needs of the local community first and conduct- ing a conservative business at all times. In October, 1913, the capital stock was increased to $30,000.00. In the bank's state- ment for September 12, 1916, the following resources and lia- bilities are shown: Resources-loans, $504,173.48; overdrafts, $1,163.32; furniture and fixtures, $4,144.66; banking house, $5,852.50; insurance account, $869.73; cash and due from banks, $34,966.56; total, $551,170.25. Liabilities-capital stock, $30,- 000.00; surplus, $30,000.00; deposits, $472,794.01; bills payable, $14,300.00; undivided profits, $4,076.24; total, $551,170.25. The present officers of the bank are: F. Schandera, president ; John Haas, vice president ; L. Redding, cashier ; Otto J. Schmid, assist- ant cashier ; L. J. Wilt, second assistant cashier.
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HISTORY OF REDWOOD COUNTY
The Farmers and Merchants State Bank of Morgan. This bank occupies a fine ornamental building on the west side of Vernon avenue, and equipped with all modern equipment. Pos- sessing a Twin city brick front with large, airy windows, the bank building makes a very fine appearance. It is finished on the inte- rior with golden oak trimmings, and has customers' lobby, presi- dent's room, working room, big steel vault and directors' room. The vault is made of steel and is protected by a complete burglar alarm gong system, fully protecting the contents of the bank until time to open again. While not the oldest bank its deposits aggregated in July, 1916, $275,000 in round figures. The officers are: J. C. Jackson, president; Emil P. Grabow, cashier; C. B. Root, vice president; Anna Jenson, assistant cashier.
The State Bank of Morgan was incorporated with a capital stock of $10,000.00, June 10, 1893, the incorporators being : H. M. Ball, F. W. Fixsen, Frank Billington, Horace G. Eaton, Hans Mo, Otto W. Hagen and George W. Somerville. The first officers were: Hans Mo, president; George W. Somerville, vice presi- dent; H. M. Ball, cashier. The bank opened for business Novem- ber 8, 1893. In 1904 the capital stock was increased to $25,000.00. After owning its own building for twenty-two years, from the beginning, the bank organized a building association in 1915 and erected a new building for its own occupancy. There has been but little change in officers during the life of the business. H. M. Ball is now president; F. W. Fixsen, vice president ; Wil- liam H. Ball, cashier, and L. M. Gerstmann, assistant cashier. "Honesty, stability and service is the aim of this bank and its officers." The report of condition at the close of business, Sep- tember 12, 1916, shows the following resources and liabilities: Resources-loans and discounts, $330,928.31; overdrafts, $1,260.05; furniture and fixtures, $5,879.56; cash on hand and in banks, $29,931.47; other real estate, $3,600.00; total, $371,599.39. Lia- bilities-capital stock, $25,000.00; surplus, $12,000.00; undivided profits, net, $1,063.91; deposits, $333,535.48; total, $371,599.39. One of the first improvements to be spoken of in connection with the advancement of the village of Morgan is the three fine build- ings built jointly by the State Bank of Morgan, Nels Jenson and Frank Gerstmann. Occupying a corner, 75 by 100 feet, at the in- tersection of Vernon avenue and Front street, the buildings are the first to greet the eye of the traveler as the train arrives from north or south. The first section, covering 25 by 75 feet, is the new building of the State Bank of Morgan. Two stories high of twin city brown brick, trimmed with Kasota cut stone, it makes a very commanding appearance, as one looks at it from any point of view. The interior is finished in English vein, Italian marble, trimmed with green and black Belgian marble. The bank proper has president's room, cashier's room, working department and
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HISTORY OF REDWOOD COUNTY
directors' room, with bubbling fountains within the building. On second floor the building is divided into seven commodious rooms occupied by Dr. Adams, M. D .; Dr. W. W. Carlile, dentist ; W. R. Werring, attorney, and the central telephone headquarters, run- ning water in all rooms and connected with up-to-date toilet rooms.
The State Bank of Milroy was incorporated in 1902, by Wil- liam Bierman, William G. Frank, Thomas F. Kinman, John R. Schmid, Adolph Altermatt, Henry C. Warnke, A. C. Ochs and Julius A. Schmahl, and opened for business June 17, 1902, with William Bierman, president; Adolph Altermatt, vice president, and Thos. F. Kinman, cashier. The first board of directors consisted of William Bierman, Adolph Altermatt, William G. Frank, John R. Schmid and Thomas F. Kinman. The bank owns its own build- ing which it has occupied since the fall of 1902. William Dun- can, Jr., succeeded Thos. F. Kinman as cashier in February, 1902, and has acted as managing officer since that date. In January, 1909, the board of directors was reduced from five to three mem- bers, and at present consists of Adolph Altermatt, William Bier- man and William G. Frank. In January, 1905, Adolph Altermatt was elected president and William G. Frank, vice president, and they have continued to act as such to this date. Otto J. Schmid was elected assistant cashier in January, 1904, and acted until March 1, 1910. He was succeeded by Benjamin R. Schmid, who still holds that position. The present official staff is as follows: Adolph Altermatt, president; William G. Frank, vice president ; William Duncan, Jr., cashier; Benjamin R. Schmid, assistant cashier, and Hazell Streeter, stenographer. The bank has been conducted along conservative lines and confines its business to its own locality. It has been instrumental in the agricultural development of the vicinity of Milroy, with its unlimited outlet for farm mortgage loans. The following is the banks' statement for June 30, 1916: Resources-loans and discounts, $153,968.92; overdrafts, $928.99; banking house, furniture and fixtures, $7,664.81; cash and due from banks, $46,828.29; revenue account, $160.21; total, $209,551.22. Liabilities-capital, $18,000.00; sur- plus, $10,000.00; undivided profits, $2,556.80; deposits, $178,- 994.42; total, $209,551.22.
The Security State Bank of North Redwood was organized April 21, 1908, by F. A. Swoboda, M. C. Taubert, Charles Kuenzli, F. M. Shoemaker, Henry Timms, Louisa Weiss, Bernhard Kuenzli, H. W. Shoemaker, Frank Horejsi and George Evert. The insti- tution started with a capital stock of $10,000.00, but no surplus. The first officers were : H. A. Baldwin, president ; Joseph Fischer, vice president; Frank Horejsi, cashier; W. B. Clement, assistant cashier. Directors: H. A. Baldwin, Charles Kuenzli, Joseph Fischer, Henry Timms, F. A. Swoboda, F. A. Shoemaker and
579
HISTORY OF REDWOOD COUNTY
Frank Horejsi. January 1, 1910, J. M. Hardy became cashier and served until January 1, 1913. The present officers and direc- tors are : H. A. Baldwin, president ; H. W. Shoemaker, vice presi- dent; E. W. Currier, cashier; C. H. Baldwin, assistant cashier. Directors: H. A. Baldwin, H. W. Shoemaker, F. M. Shoemaker, Charles Kuenzli, G. Kuenzli and E. W. Currier. The bank now has an earned surplus of $3,000.00, and occupies a well-appointed and thoroughly up-to-date building. Its first consideration has always been the protection of its customers, for which reason it carries considerably more of a reserve than is required by law. It is a home institution for the benefit of the local public and does not make loans of a questionable nature in order to obtain a higher rate of interest. Its report of condition, September 12, 1916, contained the following items: Resources-loans and dis- counts, $107,110.88; banking house, furniture and fixtures, $1,500.00; other real estate, $1,575.00; total cash assets, $13,- 994.99; checks and cash items, $323.33; total, $124,504.20. Lia- bilities-capital stock and surplus, $13,000.00; undivided profits, net, $1,091.70; deposits, $110,412.50; total, $124,504.20.
The State Bank of Revere. This bank was established in 1902. The officers are: President, L. Redding; vice president, Charles Chester ; cashier, J. E. Sawyer; assistant cashiers, C. E. Sawyer and N. R. Sawyer. The capital is $10,000; the surplus and profits, $6,000; the deposits, $73,000.
The Farmers State Bank of Sanborn was incorporated in 1911, by 'A. H. Dorn, W. A. Gleason and F. E. Gleason and was opened for business August 21 the same year. The first officers were : F. E. Gleason, P. M. Dickerson and A. H. Dorn, while the direc- tors were : F. E. Gleason, P. M. Dickerson, A. H. Dorn, C. Ripley, Fred Radtke, A. W. Nickel, Henry Essig, Herman Voge and J. R. Whelan. There has since been no change in officers. The staff consists of F. E. Gleason and A. H. Dorn, Mr. Dickerson not being active in the concern. The policy of the bank is to pro- mote the business welfare of the community it serves and it stands, first of all for security and, next in importance, service. The following was the bank's statement of condition, September 12, 1916: Resources-loans, $153,675.09; overdrafts, $263.33; banking house, furniture and fixtures, $5,250.00; cash and due from banks, $17,419.24; total, $176,580.66. Liabilities-capital, $20,000.00; surplus, $3,000.00; undivided profits, $2,640.49; de- posits, $150,940.17; total, $176,580.66.
The Sanborn State Bank was established in 1901. The officers are : President, F. W. Stevens; vice president, E. J. Strom ; vice president, John Hagemann; cashier, C. E. Melbye; assistant cash- ier, D. G. Klein. The capital is $25,000; the surplus and profits, $10,000; and the deposits, $150,000.
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HISTORY OF REDWOOD COUNTY
The Security State Bank of Seaforth was incorporated Sep- tember 8, 1904, by Alfred Soderlind and W. F. Mann, of Lake Benton, Minn. W. J. Soderlind was made cashier. In 1908 F. W. Stevens bought out Alfred Soderlind and others and has since been president of the institution. The same year F. E. Sylvester (now cashier of the new State Bank of Morton, Minn.) was cashier, and so continued until June 1, 1914, at which time the present cashier, Jos. Pistulka, was elected. The present officers are: F. W. Stevens, president; Geo. H. Johnson, vice-president ; Jos. Pistulka, cashier; R. A. Johnson, assistant cashier. The directors include the above mentioned officers, together with H. J. Fink and J. C. Johnson. The bank's statement, September 12, 1916, was as follows: Resources-loans and discounts, $69,- 300.10; overdrafts, $28.10; banking house, furniture and fixtures, $3,500.00; due from banks, $17,905.57; cash on hand, $2,168.14; checks and cash items, $303.85; total, $93,205.76. Liabilities- capital stock, $10,000.00; surplus, $3,000.00; undivided profits, net, $694.71; total deposits, $79,511.05; total, $95,205.76.
The State Bank of Vesta was organized February 1, 1900, by S. A. Hoyt and Harvey Harris. S. A. Hoyt was elected president and Harvey Harris, cashier. The bank was operated as a private bank and the management sold their interests in it September 1, 1900, to Gold-Stabeck & Co. W. H. Gold was elected president and A. A. Bennett, cashier. In 1902, A. A. Bennett was succeeded by L. H. Wallace as cashier. On January 1, 1904, S. F. Scott, formerly a law student of the University of Minnesota, at Minne- apolis, but who had worked in the bank for four months previ- ously, was elected cashier, and he bought the interests of L. H. Wallace in the bank and has been cashier since that date. Sep- tember 1, 1904, the bank was incorporated under the laws of the State of Minnesota as State Bank of Vesta, with a capital stock of $10,000.00. In 1906 the bank increased its capital stock to $15,000.00 with a surplus of $3,000.00, and as it had outgrown its quarters a commodious building was erected on the corner of Broadway and Front streets. The dimensions were 22x42 feet. It is built of pressed brick and Kasota stone with three large pillars of polished St. Cloud granite, supporting the corner over the entrance. The building is equipped with a fire and burglar- proof vault and a burglar-proof safe, and also has an electric burglar alarm system of the most improved type. The present officers are : W. H. Gold, president ; J. P. Cooper, vice president ; S. F. Scott, cashier, and Henry G. Kramer, assistant cashier. The directors are : W. H. Gold, J. P. Cooper, both of Redwood Falls, and R. A. Peterson, F. H. Bendix and S. F. Scott, all of Vesta. November 1, 1914, the capital stock was raised to $20,000.00, and the surplus to $5,000.00. At this time a number of the prominent business men and farmers were given an opportunity to buy stock
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HISTORY OF REDWOOD COUNTY
in the bank and they took almost the whole of the new stock issued at that time. The bank has always taken a hearty interest in the welfare of the town and adjacent country and has always been quick to help in any work to develop the business inter- ests of the business men and farmers. The bank's statement for September 12, 1916, was as follows: Resources-loans and dis- counts, $156,400.98; overdrafts, $316.97; banking house and fix- tures, $6,500.00; cash and due from banks, $28,948.28; total, $192,166.23. Liabilities-capital stock and surplus, $25,000.00; net profits, $1,321.81 ; deposits, $165,844.42; total, $192,166.23.
The First State Bank of Walnut Grove was organized as a private institution by L. Garlock, and by him operated until 1901, when he reorganized it as a state institution under its pres- ent title. After the fire, in the early spring of 1903, Mr. Gar- lock, holding the controlling interest in the bank, superintended the erection of the present two-story building on the corner of Main and Sixth streets. The bank is in a prosperous condition, and has some $165,000 in deposits. The capital, surplus and un- divided profits amount to some $30,000. The officials of the bank are: President, W. E. Elliott; vice president, Charles Herder ; cashier, A. H. Kemper; assistant cashier, William Greenholz.
The Walnut Grove State Bank. In 1898 R. R. Freeman opened up a private bank under the name of Farmers and Merchants Bank, Walnut Grove, which he continued to operate until Sep- tember 30, 1901, when it was merged into the Walnut Grove State Bank, which was organized and incorporated with a paid- up capital of $15,000.00. The first board of directors consisted of R. R. Freeman, W. J. Swoffer, A. Swoffer, F. F. Goff, W. J. McDonald, D. O. Bulen and R. H. Thompson. A. Swoffer was chosen as president and has continued to hold that office up to the present time. F. F. Goff, as vice president, served until Oe- tober, 1911, when he resigned to move to California and was suc- ceeded by W. B. Harwood, who is first vice president at the pres- ent time. R. R. Freeman was appointed cashier and continued to serve until April, 1906, when he sold out his interests and was succeeded by William B. Harwood, who resigned in January, 1910. W. J. McDonald was then appointed cashier, and is still serving. F. J. Clark was assistant cashier from September, 1901, until January, 1906; E. W. Swoffer, January, 1906, to February, 1907; O. B. Dahlgren, March 1, 1907, to February, 1912; J. E. L. Lund, March 1, 1912, to March 1, 1914; J. S. Pederson, March 1, 1914, to November, 1914, and R. W. Blake from November 1, 1914, to the present time. The present board of directors consists of A. Swoffer, W. B. Harwood, J. F. Hesnault, Chas. Luard, E. W. Swoffer, Helge Johnson and W. J. McDonald. In January, 1914, the capital stock was increased from $15,000.00 to $25,000.00. January 15, 1914, the bank moved into the beautiful new building
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HISTORY OF REDWOOD COUNTY
which they had erected on the south side of Main street and are now enjoying one of the most commodious banking rooms in the southwestern part of the state. The officers are: A. Swoffer, president ; W. B. Harwood, first vice president; J. F. Hesnault, second vice president; W. J. McDonald, cashier; R. W. Blake, assistant cashier. The bank's statement of condition, June 23, 1915, was as follows: Resources-loans and discounts, $236,- 264.30; overdrafts, $426.65; banking house, furniture and fix- tures, $8,986.00; cash and due from banks, $28,030.42; total, $273,707.37. Liabilities-capital stock and surplus, $28,000.00; undivided profits, $1,908.65; deposits, $243,798.72; total, $273,- 707.37.
The State Bank of Wanda was incorporated July 7, 1902, with a capital of $10,000.00 and began business the same day, the building having been erected in the spring of that year. Paul Doepke was the first depositor. The first board of directors consisted of M. Jenniges, John Gorres, Eugene Fernholz, P. O. Callaghan, Albert Spaulding, Mathias Eichten and S. A. Bellig, who held office until the first annual meeting. On January 13, 1913, M. Jenniges, Paul Doekpe, Mathias Eichten, John Gorres, Albert Spaulding, S. A. Bellig and P. O. Callaghan were elected directors; M. Jenniges was chosen president, Paul Doepke vice- president and Paul A. Callaghan hired as cashier. Paul A. Callaghan left the employment of the bank in 1905, when Paul Doepke was chosen as cashier, which position he holds at the present time. The present directors are: C. Turbes, Mathias Eichten, Paul Doepke, S. A. Bellig, P. O. Callaghan, S. A. Bellig, Christ Luther and Nick Jenniges. The bank protects its share- holders and depositors by sound banking business and gives the community all of the accommodation needed in the development of the village and country, with a reputation second to none. The bank has added $1,000 each year to the surplus fund ever since Paul Doepke became cashier, which is a sure guarantee to the patrons of the bank of the honesty of its directors. In addi- tion it paid a dividend of 10 to 13 per cent every year, and more recently has paid 18 per cent to its shareholders. The bank's first statement showed the following items: Loans and discounts, $1,964.48; banking house, $1,500.00; undivided profits, $28.46; due from banks, $10,445.40; capital stock, $10,000.00; deposits, $3,863.34; time certificates, $75.00. The following was the state- ment at the close of business December 31, 1915. Resources- loans and discounts, $122,453.98; overdrafts, $865.27; banking house, furniture and fixtures, $2,700.00; due from banks, $5,- 230.14; cash on hand, $3,713.00; total, $136,402.43. Liabilities- capital stock, $10,000.00; surplus, $8,000.00; undivided profits, net, $3,844.94; notes rediscounted and bills payable, $9,610.00; deposits subject to check, $23,379.73; certified checks, $1,300.00;
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