USA > Minnesota > Renville County > The history of Renville County, Minnesota, Volume II > Part 5
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Andrew J. Olin, a prominent banker of Franklin. was born in Sweden, October 24, 1866. Ile came to America in 1882 and located at New Uhn. Minn., where he worked for his board and attended school. In 1886 he graduated from the Curtiss Busi- ness College in Minneapolis, and became bookkeeper for the S. D. Peterson Implement Co. at New Ulm, where he remained for three years. For two years he was private secretary for Con- gressman JJohn Lind in Washington, D. C. During the next nine years he was in the United States Department of Agriculture as aeting chief of the Miscellaneous Division of the Bureau of Animal Industry. During this time the employees of the Depart- ment of Agriculture increased from 150 in number to over 2.000. and the appropriation of money grew from $250,000 to over $2,000,000. During the time that Mr. Olin was in Washington
ANDREW J. OLIN
THE NEY PUBLIC LIL. A
ASTOR, LENOX AND TILDEN FOUNDATIONG
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HISTORY OF RENVILLE COUNTY
he attended night school and graduated from the National Uni- versity Law School there in 1876. In 1900 Mr. Olin obtained a leave of absence and came to Franklin, where he in company with Peter Manderfeld, president of the Ramsey County State Bank, of St. Paul: Anthony Poss, of Franklin; A. S. Erickson, of Franklin, and C. W. Parsons, a real estate man of St. Paul, organized the State Bank of Franklin. Mr. Olin became the cashier and is still holding that position. When his leave of absence expired he resigned from the Department of Agriculture and has since made his home in Franklin. Mr. Olin is the secre- tary of the Franklin Local & Rural Telephone Co. Ile is a stock- holder in the ('itizens' State Bank, of Gaylord, and in the Citi- zens' State Bank, of Fort Rice, N. D. Mr. Olin has been the village treasurer for fourteen years. He is a member of the A. F. & A. M. at Morton. His faith is that of the Methodist Episcopal church. Jannary 12, 1901. Mr. Olin was married to Flora Peterson, of New Uh, who was born March 8, 1877. Mr. and Mrs. Olin have three children : Jennie, born November 19, 1904: Ida, born June 23. 1907. and Mildred. born June 25. 1909.
The State Bank of Bird Island was incorporated March 2, 1908, and succeeded the Bank of Bird Island. The incorporators were : F. L. Puffer, Nicholas Bruels. Nickolas Leach, L. L. Times. 11. 1. Jungelans. P. W. Winnegge. Alfred Jury, Charles Glesener and Charles R. Wolff. The first officers were F. L. Puffer. president : Nickolas Leach, vice-president ; Alfred Jury, cashier: II. A. Puffer, assistant cashier. The directors were : F. L. Puffer, Nickolas Leach, P. W. Winnegge. I. A. Jungelans, Charles Gilesener, C. R. Wolff, N. Bruels, Alfred Jury and L. L. Times. The bank opened for business March 2, 1908, with a capital of $15.000. The institution owns its own building, which was erected in 1901. January 4. 1901, Alfred Jury resigned as cashier and H. A. Puffer was elected to succeed him and Edward Anderson was elected as assistant cashier. The present staff are : F. L. Puffer, president ; Niekolas Leach, vice-president ; 11. A. Puffer, cashier, and Edward Anderson, assistant cashier. The directors are : Charles Glesener. Nickolas Leach, Frank Murray, P. W. Winnegge, C. R. Wolff, L. L. Tinnes, H. L. Jungelaus, F. L. Puffer and II. A. Puffer. It has been the policy of the bank to grant every accommodation and courtesy consistent with sound banking methods and help build up Bird Island and the sur- rounding country.
Following is a statement of the condition of the bank at the close of business September 2, 1915: Resources-loans and dis- counts. $169.541.08; overdrafts, $543.02: bonds and securities, $2,350; banking house, furniture and fixtures, $6,700; other real estate, $4,500; due from banks and cash on hand, $10.813.63; total. $194,447.73. Liabilities-capital stock and surplus, $21,000:
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HISTORY OF RENVILLE COUNTY
undivided profits, net, $8.61; notes rediscounted and bills pay- able, including certificates for money borrowed, $23,000; deposits, $150,439.12; total, $194,447.73.
The bank of Bird Island, which this bank succeeded, was organized in 1899 by practically the same persons who ineor- porated the State Bank of Bird Island in 1908.
The Citizens' State Bank of Fairfax was incorporated Septem- ber 4, 1901, by Peter Manderfeld, Charles W. Heimam, Jacob L. Sehoch, Conrad II. Dirks, Ferdinand Crone, Jacob Klossner, Jr., George A. Biebl, Theron J. Dansinberg, Frances X. Bajes, Joseph C. Koelfgen, Anton Altmann, John A. Hage and William Dick- meyer. The board was constituted of the following: Joseph C. Koelfgen, president ; Peter Manderfeld, vice-president ; and C. W. Heimann, cashier: John A. Hage, Joseph C. Koelfgen, Peter Manderfeld, Jacob Klossner, Jr., and Charles W. Heimann.
The bank opened for business September 16, 1901, in a two- story brick and stone building, built in 1901, building and lot being worth $5,500. The bank began with a capital stork of $20,000. January 13, 1903, the board was made up of the fol- lowing : J. C. Koelfgen, president : Peter Manderfeld, vice-presi- dent ; C. W. Heimann, cashier, and H. E. Grasmon. assistant cashier : J. C. Koelfgen, George A. Biebl, Peter Manderfeld, Jacob Klossner, Ar .. and C. W. Heimann. January 10, 1905, the board consisted of the following: Peter Manderfeld, president ; George A. Biebl, vice-president : C. W. Heimann, cashier ; II. E. Grasmon, assistant cashier ; Peter Manderfeld. Jacob Klossner, Jr .. George A. Biebl, C. HI. Dirks and C. W. Heimann. January 8, 1907, the board consisted of Peter Manderfeld, George A. Bichl, Jacob. Klossner, Jr., Henry Clobes and C. W. Heimann as directors and the same officers in charge.
The following report shows the condition of the bank at close of business March 4, 1915: Assets-loans, $213,762.42; over- drafts, $255.20; bank and fixtures, $6,566; cash and due from banks, $34,808.29; total, $255,391.91. Liabilities-capital stock and surpins, $25,000; umdivided profits. net, $1,657.40; deposits, $228,734.51; total, $255,391.91.
Charles W. Heimann, a well known banker of Fairfax, was born at New Flm, Minn., September 12, 1869, son of August and Caroline (Frank) Heimann. The father is a retired farmer, aged eighty-one, living at New Ulm. The mother died in 1913 at the age of seventy years. Charles W. Heimann graduated from the Millikan's Business College in St. Paul in 1889, and became bookkeeper in a hardware store, doing this work for two different firms during the next ten years. Then he became a member of the firm of Runck & Heimann in Springfield. Min., dealers in hardware and implements. remaining here for the next
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HISTORY OF RENVILLE COUNTY
two years. In 1901 with Dr. J. L. Schoch, Jacob Klossner, Jr., and Ferdinand Crone, all of New Ulm, Minn., he organized the Citizens' State Bank of Fairfax, becoming the cashier, which position he still oecupies. At present Mr. Heimann is the presi- dent of the village council and has held this office For seven years. He is a member of the A. F. & A. M. and has held all the chairs. He is also secretary of the Modern Woodmen of America, and with his family is a member of the German Lutheran church. Mr. Heimann was united in marriage to Sophia Bacher, of New Ulm, April 13, 1894. Iler father, George Bacher, a farmer, died in 1907 at the age of seventy-nine. Her mother, Sophia Bacher, lives in New Ulm and is eighty years old. Mr. and Mrs. Heimann have two children: Esther, born May 23, 1895, and Alpha, born June 16, 1896.
The Danube State Bank, formerly known as the State Bank of Miles, was incorporated June 9, 1902, by the following : Timothy O'Connor, William O'Connor, Halvor J. Lee, F. A. Schroeder, F. G. Nellermoe and Fred W. Orth. The first board of directors were: Timothy O'Connor, F. A. Schroeder and Halvor Lee. The officers were: President, Timothy O'Conner ; vice-president, F. A. Schroeder, and cashier, Halvor J. Lee. The bank opened for business July 1, 1902, in its own bank bnikling. which was ereeted in 1902. January, 1903, F. G. Nellermoe became president ; F. A. Schroeder, vice-president, and Henry Listernd, cashier. The next change was in Iuly, 1906, when Fred Sansele beeame vice-president, and F. A. Schroeder cashier. At this time the name of the bank was changed to Danube State Bank. February 18, 1907, Fred Sausele was elected president : Fred Kramin, vice-president : F. A. Schroeder, cashier, and B. G. Schroeder, assistant cashier. March 11. 1908 Fred Kramin became president ; Edmund Grunder, vice-president ; F. A. Schroeder, eashier, and B. G. Schoeder, assistant eashier. Janu- ary 8, 1913, F. A. Schroeder became president ; Fred Kramin, vice-president, and B. G. Schroeder, cashier. In 1911 the bank creeted a new building. The present staff are: F. A. Schroeder, president ; Fred Kramin, vice-president ; B. G. Schroeder, cashier, and Fred F. Page, assistant cashier. The directors are F. A. Schroeder, Fred Kramin, J. A. Schroeder, Ed. Grunert and B. G. Schroeder. The policy of the bank is to carry on conservative and efficient banking.
Following is a statement of the condition of the bank at close of business on June 23, 1915: Resources-loans and discounts, $158,781.47 ; overdrafts, $155.83; banking house, furniture and fixtures, $5,550; dne from banks, $6,260.84; cash on hand, $2,601.46; total eash assets, $8,862.30; total, $173.349.60. Liabil- ities-eapital stock and surplus, $23,000; undivided profits, net, $483.36; deposits, $149,866.24; total, $173.349.60. Amount of
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ILISTORY OF RENVILLE COUNTY
reserve on hand, $8,862.30; amount of reserve required by law, $7,036.95.
Ferdinand A. Schroeder, a well known banker of Danube, was born November 27, 1853, in Pomerania, Germany, son of Chris- tian and Louisa (Zwempke) Schroeder. The family came to Green Lake county. Wiseonsin, in 1857. There were eight children in the family: William, Herman, August, Ferdinand, Julius, Wil- helmina, Matilda and Tena. A log cabin was built on their land and breaking of the land begin, seven yoke of oxen being used. One of the boys, Herman, was a veteran of the Civil War, having been a member of the Thirty-eighth Wisconsin Regulars. The father died in 1882, at the age of seventy-three years, and the mother died in Nicollet county in 1893, at the age of seventy-five Years. They were members of the Evangelical church. Ferdi- nand Schroeder grew to manhood on the farm in Wisconsin, re- ceiving his schooling in the distriet school. Hle engaged in farm- ing for himself in the same neighborhood. In 1885 the family came to Renville county where he bought a traet of land in Flora township. He lived on this half section until 1901, when he moved to Danube. In 1902 he became interested in the bank- ing business and was elected vice-president of the Danube State Bank, formerly known as the Bank of Miles. He also held the position of cashier a few years. In 1913 he was elected president of the bank, a position he still maintains. Ile is also a stock- holler in the Peoples Bank of St. Paul, and in the Farmers' Elevator at Danube. Mr. Schroeder owns a tract of 300 aeres bor- dering Danube, known as the Danube Stock farm. flere he raises Holstein cattle, Duroe-Jersey hogs and has built a substantial stone residener. He also mannfactures cement blocks and tile, being the sole owner and manager of the plant. He owns and rondnets the Schroeder Garage, which is housed in the Schroeder block. a large, two-story cement block building, with a faeed brick front, which he erected. He is agent for the Studebaker car. Mr. Schroeder has held several township offices, having been township supervisor of Flora township for several years and county commissioner for eight years. He served on the board of county commissioners when the county seat was moved from Beaver Falls to Olivia and the court house was built at Olivia. He was the first president of the village of Danube, and also holds that position at present. He has also been village ro- corder for a number of years. Mr. Schroeder was married in 1875 to Wilhelmina Herzberg, a native of Germany, who died in 1897. in Flora township, at the age of forty-one years, leaving nine children : Herman : Inlius; Benjamin, who is cashier in the bank: Fred: Anton: William: Alwin: Ella, now Mrs. August Black : and Mabel. Hle married a second time to Martha Krueger, · in 1897. a native of Green Lake, Wisconsin. Five children were
MR. AND MRS. F. A. SCHROEDER
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Th
PUBLIC
ACTOR LENX
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HISTORY OF RENVILLE COUNTY
born: Lillie, Ilelen, Wesley, Kermit and Verona. He is a mem- ber of the Evangelical church.
The Citizens' State Bank of Sacred Heart was incorporated January 3, 1908, at Sacred Heart by the following persons: P. C. Brevig, John Hang, Carl Anderson, J. II. Paulson, M. O. Sveiven, the same persons constituting the first board of directors. The bank began with a capital stock of $15,000 and was later merged into the Farmers' State Bank at Sacred Heart.
First National Bank of Fairfax. On March 26, 1910, the fol- lowing persons signed articles of incorporation and applied to the Comptroller of Currency for a charter to organize a national bank at Fairfax: E. F. Sell, J. 1. Carson, HI. S. Comer, August Paulson. J. M. Hinderman, A. E. Fenske, Herman Schmeehel, Albert O. Mundahl, August F. Rieke, Albert Briese, Embrik Ilan- son, August Sell, H. L. Hinderman, W. A. Fiss, A. M. Crandall and John Durbahn. On June 6. 1910, the Comptroller of Cur- reney of the United States issued a charter, No. 9771, authorizing the First National Bank, of Fairfax, Minn., to eommenee business with a capital of $25,000 and a paid-in surplus of $5,000. The first board of directors consisted of twelve members, namely : H. S. Comer, E. F. Sell, W. A. Fiss, A. M. Crandall, J. I. Carson, J. M. Hinderman, Herman Sehmechel, A. E. Fenske, August Paulson, August Sell, Albert G. Briese and John Durban, who elected the following officers : E. F. Sell, president ; H. S. Comer, vice-president, and W. A. Fiss, cashier.
A new modern two-story bank building was erected during the summer of 1910. The building is of brick with a granite front, the interior is finished with beamed ceiling and all interior finish is of quarter sawed oak. The fixtures are of Italian marble. The cost of the building is $12,000 and of the fixtures $3,000. The bank opened for actual business on October 1, 1910. The bank has continned under the same board of directors and officers until January 1, 1914, when II. S. Comer and August Paulson moved away and resigned. Otto W. Kicker and August F. Rieke were elected to fill the vacancies. The same year there was also a change in officers, Albert G. Briese being elected vice- president in place of H. S. Comer. In January, 1915, after the death of E. F. Sell, another change was made and Mrs. E. F. Sell was elected to the board of directors in place of E. F. Sell, and she was also elected president of the bank. The present staff of officers are : Mrs. E. F. Sell. president ; Albert G. Briese, viee- president : W. A. Fiss, cashier, and Harvey O. Fullerton, assistant cashier.
The First National Bank enjoyed a rapid growth from the beginning, and was able to pay a substantial dividend each year from the very start. Its resources are now over $200,000. The bank has thirty-six stockholders, all but a few of which live right
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HHISTORY OF RENVILLE COUNTY
in Fairfax and the adjoining community. It has not been the policy of the bank to pile up any enormous profits for the stoek- holders, but to conduct a conservative business which has for its goal the absolute safety of the depositors' money. The healthy rapid growth of the bank is an evidence of the confidence the community has in this its latest banking institution.
Following is a report of the condition of this bank at the close of business June 30, 1914: Resources-loans and discounts, $125,505.99 : overdrafts, $802.30; bonds and securities, $26,242.19; banking house, furniture and fixtures, $15,172.08; due from banks, $30,513.22; cash on hand, $11,832.30: checks and cash items, $1,489.72; five per cent redemption fund, $1,250; total, $212,807.80. Liabilities-capital stock. $25,000: surplus fund, $5,000; undivided profits, net, $1,058.80 ; deposits subject to check, $49,996.11 ; cashier's checks, $565.86; savings deposits, $11.28: time certificates. $106,175.75; circulation, $25.000: total, $212,- 807.80.
Emil F. Sell, banker, pioneer merchant, distinguished citizen and man of affairs, was for many years, since the days of his earliest boyhood, a powerful factor for good and for progress in Renville county. The influence of his strong. vigorous per- sonality had a powerful effect on the community in which he lived and worked. and he is one of those rare souls of whom it may truly be said that the world is the better for his having been in it. His worth is written on the hearts of those whose lives he blessed. and his sterling qualities will not soon be forgotten. Emil F. Sell was born in Boltenhagen. Pommerania, Germany. March 20, 1862, one of the ten children of William and Albertina (Reinke) Sell, who brought their family to America in 1869 and took up a homestead of 160 acres in section 24, Cairo township. this connty. The father died in 1877 at the age of fifty-six and the mother was left with a large family. Two years later. at the age of seventeen, Emil F. Sell started out in life for himself as a clerk in the clothing store of William Salkowske at Sleepy Eye. Next he went to Springfieldl and found employment in the general store of Henry Bendixen. It was in 1883 that he eame to Fairfax, and with a partner established the mereantile firm of Sell & Nelson, which after a while became the firm of Sell & Sell. When Gustave Sell died his interest was acquired by a brother-in-law, J. W. Schramm, and the firm became Sell & Schramm. In 1900 the firm was sneceeded by the Fairfax Depart- ment Store, of which Emil F. Sell. R. G. Reinke and A. F. Rieke were the principal owners. The mercantile business, however, was but one of the many lines of endeavor to which Mr. Sell turned his attention. In 1894 he organized the State Bank of Fairfax. Later he became a stoekholder in the Farmers and Merchants State Bank of Arlington, in the First State Bank of
MR. AND MRS. EMIL F. SELL
THE NEW YORK PUBLIC LIBRARY
ASTOR, LENOX AND TILDEN FOUNDATIONS
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HISTORY OF RENVILLE COUNTY
Cambridge, and in the National Bank of Commerce, St. Paul. In 1910 he organized the First National Bank of Fairfax, and in 1911 he organized the Citizens State Bank of Franklin. At the time of his death he was president of the First National Bank of Fairfax: of the Citizens State Bank of Franklin, and of the Farmers and Merchants State Bank of Arlington. In August, 1898, he organized the Fairfax Standard Printing Co., and in 1912 he organized the Fairfax Farmers Grain & Stock Co. As a member of the village conneil and of the village school board he did most efficient work. In Fairfax Lodge No. 261, A. F. & A. M., he was an influential factor. In the Methodist Episcopal church he was likewise active. He joined the church at the age of fourteen, and has been connected with the churches in all the towns where he has resided. Ile was one of the founders of the church at Fairfax, and served as superintendent of the Sunday school in the early days before the English and German congre- gations were united. After the union he continued to serve in the same capacity. In 1909 he was chairman of the committee which erected the church, and after it was burned in February, 1914, he was chairman of the committee which erected the present church. He died strong in the faith, of the church he had so long and faithfully served. His death was unexpected. Ile was taken suddenly ill, was taken to the Bethesda hospital and after an operation died there January 9, 1915. His death was sincerely mourned, and press and public united in glowing tributes to his life and character. Mr. Sell was married Novem- ber 3, 1884, to Emilie Schramm, daughter of Karl G. and Johanna (Fenseke) Schramm, carly pioneers of Brown county, this state. Four children have been born. Erna is the wife of Dr. P. W. Wipperman, of Minneapolis: Gertrude O. married W. A. Fiss. cashier of the First National Bank of Fairfax; Florence and Jeanette live with their mother. The esteem in which Mr. Sell was held in his own community is admirably expressed in the resolutions passed by the stockholders of the First National Bank of Fairfax, from which the following quotations are taken : "The indomitable spirit that gave birth to the First National Bank of Fairfax, and that has For more than four years been its constant champion and leader, has been called. * * It is * with feelings of the utmost appreciation, respect and admiration that we attempt to measure and comprehend the excellence of the efforts productive of the many enterprises that have been successfully condneted by the dauntless spirit of our late presi- dent. Of the many characters who have been active in the affairs of Fairfax and vicinity the personality of the first president of the First National Bank of Fairfax stands out in bold relief. Many and varied have been the projects and institutions he originated and organized. The influence of his resonreeful and
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enterprising mind has reached and stimulated practically every commendable movement and business in this his home town. He has been a leader among men; a leader who has ever chosen to elevate the moral, intellectual and religious forces of our com- munity above those interests which are solely sordid and mer- eenary. The many and varied interests which were aided by the unfailing industry of his noble zeal, compassed all the better forces and influences of our community. Zealous in the church, fearlessly and bitterly opposed to corruption in civie and political life, a power and a genius in business and financial affairs, with a helping hand ever ready for those in affliction or distress, his was a friendship to be prized, a leadership to be desired, and a power for right and square dealing which may well serve as a landable example for his co-laborers to emmlate. His memory and business precepts will live until memory fades in the minds and hearts of all his friends and associates, a never failing source of guidance and inspiration."
William A. Fiss, an influential citizen of Fairfax, was born in Charles City, lowa, December 12, 1879. His father, Henry, a farmer, died in 1908 at the age of seventy-six. His mother, Anna (Achenbach), died in 1902 at the age of sixty-five. William Fiss received his early education in the country schools in lowa. In 1901 he graduated from the Charles City College Commercial Department. For one year he was assistant professor in the Commercial Department of this college. Later he was at the head of the Commercial Department of St. Paul College, St. Paul, for three years. For two years he was bookkeeper for the Everett Anghenbaugh & Co., millers, at Waseea, Minn. Three years were spent as assistant manager of the Claro Milling Co., Lakeville, Minn. In 1910 he became cashier of the First National Bank at Fairfax, and helped organize that bank, of which he is at present a large stockholder. He is a trustee of the Methodist Episcopal church. May 4, 1910, Mr. Fiss was married to Ger- trnde Sell. daughter of Emil F. and Emilie (Schramm) Sell, of Fairfax. Two children were born to this marriage: Kenneth, born April 2. 1913, died JJanuary 22, 1914, and Corwin, born August 21, 1914.
Albert G. Briese, vice-president of the First National Bank, of Fairfax, was born in Princeton, Wis., June 27, 1880, son of Gust and Mary (Fenske) Briese. Gust Briese was born on the ocean on a ship bound from Germany to America. He lived near Princeton, Wis., until 1892, and then came to Sibley county, this state. He now lives at Gibbon, in this state. Albert G. Briese remained with his parents until fifteen years of age. Then for three years he worked in Wellington and Cairo townships as a farm hand. In 1898 he began work for the Diekmeyer Imple- ment Co .. of Fairfax, and in 1907 beeame its manager. Jannary
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IIISTORY OF RENVILLE COUNTY
1, 1913, he was elected vice-president of the First National Bank, and January 20, 1915, upon the death of E. F. Sell, the president, he went into the bank as active manager. Mr. Briese was mar- ried June 6, 1906, to Sophia Dickmeyer, who was born August 18, 1887. daughter of Fred C. and Mary (Stark) Dickmeyer, retired farmers now living in Fairfax. Mr. and Mrs. Briese have a son. Walter. Another child died in infancy. The family faith is that of the German Lutheran church.
The Citizens State Bank of Franklin was incorporated February 6, 1911. E. F. Sell, of Fairfax, was the first one who took hold of organizing said bank. The incorporators were E. F. Sell, B. M. Weisberg and Gilbert Peterson, of Fairfax; R. B. Henton, of Morton ; George Enger, John B. Tweet, Henry Hal- verson. F. E. Tower, John Ford, Martin Johnson and Otto Eriek- son, of Franklin. The first directors were George Enger, B. M. Weisberg, John Ford, E. F. Sell, John B. Tweet, Otto Erickson, Martin Johnson, R. B. Ilenton, Henry Halverson and F. E. Tower. The officers were: E. F. Sell, president; George Enger. viee- president ; Gilbert Peterson, eashier, and Otto Eriekson. assistant eashier.
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