USA > Minnesota > Renville County > The history of Renville County, Minnesota, Volume II > Part 6
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The bank opened up for business May 1, 1911, in a rented building known as Kvam building, with a paid up capital of $17,000. Soon after organizing they awarded a contraet to J. M. Hindermann, of Fairfax, for a substantial and up-to-date bank building, which building was completed in August that year and by September 1 the bank had removed into their new permanent banking building. Gilbert Peterson remained as cashier until the fall of 1912, when he resigned and Otto Erickson was elected to sneeeed him as cashier and N. M. Mahlum was elected to fill the position of assistant cashier vacated by Mr. Erickson, and they are still occupying their respective positions.
Following is a report of the condition of the bank at the close of business June 30, 1914: Resources-loans and discounts. $51,644.05; overdrafts, $261.94; banking house, furniture and fixtures, $6,685.65; dne from banks, $17,917.50; eash on hand, $4,418.96; total, $80,928.10. Liabilities-capital stock, $17,000; surplus fund, $2,400; undivided profits, net, $329.05: deposits subjeet to cheek, $30,368.74: cashier's checks, $665.86: time ver- tificates. $30,164.45: total. $80,928.10.
Otto Erickson, well known as a leading banker of Franklin, was born in the village of Franklin. September 12, 1876. Ilis father, Zacharias Erickson, a native of Finland, came to America in 1872, and bought forty aeres in section 3, Bandon township, Renville county. At the age of seventy-five he has now retired from farming and is living in Franklin. ITis wife, Susanna (Sauvolainen) Erickson, came with her husband to America in 1872 and is now seventy-two years of age. Mr. Erickson attended
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HISTORY OF RENVILLE COUNTY
the Minnesota Normal School and Business College, taking the normal course, during the winters of 1898 and 1899 and worked on the home farm during the summer, graduating in 1899. Then he taught school for three years in Renville eounty. In 1904 he began as clerk for Poss & Freeman, proprietors of a hardware store at Franklin, where he remained for seven years. At that time he became assistant cashier in the Citizens' State Bank, being promoted November 1, 1912, to cashier, which position he still holds. Mr. Eriekson is a member of the Finnish Lutheran church. He has been village recorder for two years and serves on the village school board.
The State Bank of Sacred Heart was incorporated May 15, 1911, by W. A. Day, J. M. Pease, O. T. Ramsland, Robert C. Nolton, Charles H. Nolton, David Eaton, J. II. Paulson and II. B. Helgeson. The first officers were: W. A. Day, president ; I. M. Pease. vice-president. and M. G. Geslin, cashier. The directors were : William A. Day, John M. Pease, David R. Eaton, O. T. Ramsland and R. C. Nolton. The bank began with a capital stock of $10,000. The bank building was erected in 1912. In 1912 M. F. Day became cashier and in 1914 J. N. Stenborg became vice-president, the present board being constituted as follows: W. A. Day, president ; John M. Pease, vice-president ; M. F. Day, cashier ; directors, W. A. Day, Sacred Heart, Minn .; John M. Pease, Mora, Minn. ; R. C. Nolton, Granite Falls, Minn., and J. N. Stenborg, Sacred Heart, Minn.
Following is a report of the condition of the bank at the close of business, June 30, 1914: Resources-loans and discounts, $51,198.43; overdrafts, $90.93; banking house furniture and fix- tures, $5,900; dne from banks, $9,135.07; eash on hand, $4,807.33; checks and cash items, $82; totals, $71,213.76. Liabilities-capital stock. $10,000; surplus fund, $2,000; undivided profits, net, $68.73; deposits subject to check. $23.554.87: cashier's cheeks, $586.27 ; time certificates, $35,003.89; total, $71.213.76.
The O'Connor Bros. State Bank of Renville, the largest cap- italized bank in the county, was incorporated at Renville, Sep- tember 3, 1912, by the brothers, Timothy O'Connor, Edward O 'Connor and William O'Connor, with a capital stock of $30,000. The bank building is a substantial modern brick structure, equipped and furnished with the latest in bank fixtures and Direly located, as well as unusually attractive in design. The present board is constituted as follows: Timothy O'Connor, president ; Edward O'Connor, vice-president ; William O'Connor, cashier: Robert K. Stuart and C. D. Beek. assistant cashiers. Directors: Edward O'Connor, Sacred Heart : Timothy O 'Connor and William O'Connor, both of Renville.
Following is a statement of the condition of the bank at close of business. September 2, 1915: Resources-loans and discounts,
WILLIAM O'CONNOR
THE NEW YOR PUBLIC LIBRARY
ASTOR, LENOX AND TILDEN FOUNDATION,
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IIISTORY OF RENVILLE COUNTY
$274,121.54; overdrafts, $100.86; banking house, furniture and fixtures, $17,500; cash and due from banks, $33,223.27; total, $324,945.67 : Liabilities-capital stock, $30,000; surphis and undivided profits, $24,407.50; deposits, $270,538.17; total, $324,- 945.67.
William O'Connor, a well known banker of Renville and a prominent figure in the financial integrity of Renville county, was born on a farm near Forest City, Iowa, November 10, 1873, son of James and Elizabeth O'Connor. Ile attended the district schools of his native town and came with his mother to Sacred Heart in 1885, here completing his edneation. After ten years of business experience he started his banking career with the O'Con- nor Brothers' bank at Renville in the capacity of bookkeeper. In this business he has since continued and is now the efficient eashier of the O'Connor Bros. State Bank. Mr. O'Connor's con- nections with the banking and land interests of this and other counties have been interesting and varied. In addition to his interests in the bank at Renville he is a director in the Farmers State Bank of Sacred Heart, vice president of the MeGrath State Bank of MeGrath, Minnesota, and vice president of the O'Connor Land Company of Renville. In public affairs. Mr. O 'Connor has not shirked his duty, as his two years' service on the Renville eity commeil and his two years' service as mayor have shown. Fra- ternally he is likewise well known, being a member of the Odd Fellows, the Rebekahs, the Modern Woodmen and the Royal Neighbors of Renville and of the Knights of Columbus at Monte- video. A lover of the out-of-doors sports, and as a thorough be- liever of the civic progress of the community, he has likewise become an active worker in the Renville Commercial Club. All in all he is a useful citizen whose time is well ocenpied with public and private duties, and his aetivities have won for him a foremost place among the men of the county. Mr. O'Connor was married May 6. 1894, to Malvina Baade, a native of Renville. This union has been blessed with three children: Vernon W., Jennings L. and Timothy Donaldl. Vernon W. graduated from the Renville high school and is now studying law at the University of Minne- sota. Jennings L. is attending the Renville high school. Timothy Donald is likewise attending the Renville high school.
Timothy O'Connor, one of Renville's most snecessful business men and a pioneer in Renville banking, was born in Dane county, Wisconsin, May 21, 1866, son of James and Elizabeth (Eriekson) O'Connor. Timothy O 'Connor was thirteen years of age when his father died and had meager opportunities for obtaining an edueation. In April, 1880, he and his brother James started over- land by team for Renville county, locating in Sacred Heart. Here Timothy worked on the farm of his cousin, E. S. Gunderson, for a short time. The following fall his brothers, John and Edward,
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came to Renville county and still later came the brothers, Michael and William. In 1887 Timothy located in Renville. He had acquired with hard work a common school education and with the assistance of his brothers started up in business for himself in the small but growing village, commencing a general banking business, the firm being known as the O'Connor Brothers, (pri- vate) bankers, with Timothy O'Connor as cashier and local head of the firm. That was the only bank that Renville could boast of and was considered quite an acquisition. Associated with Mr. O'Connor were his brothers, James and Edward, and also J. T. Brooks, afterwards the county auditor. In 1890 the business was incorporated under the state banking laws and beeame known as the Renville State Bank, with Timothy O'Connor as cashier. In 1897 Timothy became the president; James, vice president, and William, cashier. In 1907 the bank was sold to S. M. Serkland and O. A. Stensvad. In 1907 Timothy and his brothers, Edward and William, organized the First National Bank of Bellfield. North Dakota, also organizing the Bellfield Land and Investment Company. They retained this five years. September 3, 1912, they organized the present O'Connor Brothers' Bank of Renville, erect- ing one of the finest bank buildings in the county, with Timothy O'Connor, president ; Edward O'Connor, vice president ; William O'Connor, cashier ; Robert K. Stuart, assistant cashier, and C. D. Beek, assistant cashier. The O'Connor brothers have organized the following banks: In 1892 the first bank located at Buffalo Lake, then a private bank, was organized, Edward being president and Timothy vice president, selling out their interests there in 1895; the State Bank of Olivia, president, Edward O'Connor, vice president, Timothy O'Connor, cashier, P. H. Kirwan ; the Bank of Miles, now known as the town of Danube, Renville county, with Timothy as president, William, vice president, and II. J. Lee. cashier, being reorganized into a state bank with Timothy as president. F. Il. Schroeder, vice president, and William as cashier. This was sold out to Hans Gronernd and is now owned by Schroeder Brothers: the Farmers State Bank of Sacred Heart, with Edward O'Connor as president, John O'Comor, vice presi- dent, and H. O. Agre and J. L. Johnson as cashiers, Timothy being on the board of directors. In 1905 this was sold out and in 1912 it was repurchased and consolidated with the Citizens Bank, with Timothy O'Connor, president, William O'Connor, vice president, W. II. Cheeney, second vice president, later changing offieers, with Edward O'Connor as president and Timothy vice president. In 1910 they organized the Holland America Bank of South Ileart, North Dakota, selling out their interests later. In 1913 they organized the MeGrath State Bank at MeGrath, Minn., with the following officers: President, Edward O'Connor; vice presi- dent, William O'Connor; cashier, H. J. Kirwan; direetors, the
TIMOTHY O 'CONNOR
THE NEW YORK PUBLIC LIBRARY
ASTOR, LENOX AND TILDEN SOUNDATIONS
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HISTORY OF RENVILLE COUNTY
above and Timothy O'Connor. In Renville, in addition to the banks they have organized the O'Connor Realty Company and the O'Connor Land Company. Timothy O'Connor and his brother William also own some farming interests, having some 4,000 aeres, which they have improved and developed, using the farm near Renville as a demonstration farm of the State Experimental Station. Timothy O'Connor is a large shareholder and was the treasurer for many years of the Farmers' Co-operative Elevator Company at Renville.
Timothy O'Connor has been a candidate for State senator on the fusion Democratie-Populist tieket and also on the Independent tieket, being defeated both times. He has been a member of the Democratic State Central Committee for twenty-five years. He was appointed by Governor Johnson as State Highway Commis- sioner. He is now a member of the Sanitorium Tuberculosis Board of Renville, Chippewa, Yellow Medicine and Lae qui Parle counties. For eighteen years he has been a member of the school board and has served on the village couneil and was the first mayor when Renville became a city. He is a member of the A. F. & A. M. at Renville, the Royal Arch at Granite Falls, the Shrine at Minneapolis and the Knights Templars at Redwood. He is a member of the M. W. A. of Renville and was formerly a member of the 1. O. O. F. at Renville. In 1887 Mr. O'Connor married Jane Olson, born in Dakota county, Minnesota, daughter of O. N. Olson, who was a pioneer of the State and located at Willmar in 1868 after the war, and later located in Renville. He was a veteran of Company D, Thirty-sixth Regiment, Illinois Vol- unteer Infantry. Mr. and Mrs. O'Connor have three children, Etta, a graduate of the local high school and St. Cloud Normal School, and now Mrs. E. R. Barber of Minneapolis; Irene, also a high school graduate, now Mrs. Thomas D. Skiles of Minneapolis, and Timothy Gerald, a student at high school. Mr. O'Connor is a splendid type of public-spirited, generous-hearted publie citizen. By extended reading he has become a man of broad education and information, he is a man of deep sympathies and understanding. and in spite of the fact that he has won much of success and honor he is affable and approachable, a pleasant companion and a stauneh friend. It is such men as he who make their communities a desirable place in which to live.
The New State Bank of Morton was incorporated June 1, 1914, by the following : F. E. Sylvester. E. J. Kothlow, William Wichman, John Blume, Fred Pfeiffer, George Doster, Julius Blume, Jolın Hageman, Gerard J. Simon, William Zumwinkle. J. Scheffler, C. W. Lussenhop, Fred Scheffler, William A. Lussen- hop, F. W. Stevens, Weneel Kodet, F. M. Serbus, Sam Buscho, H. F. Rubey, George H. Johnson, H. J. Fink. The capital stock was $15,000.00. The first board of directors were: F. E. Syl-
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HISTORY OF RENVILLE COUNTY
vester, George Doster, W. F. Stevens, E. J. Kothlow, William Wiehman. C. W. bussenhop and John Hageman. The present board is constituted of the following: William Wiehman, presi- dent : E. J. Kothlow. vice-president ; F. E. Sylvester, cashier; E. W. Neunsinger, assistant cashier. Directors-E. JJ. Kothlow, (. W. bussenhop. F. E. Sylvester, William Wiehuman, George Dos- ter, John Hageman and H. N. Nelson.
The bank endeavors to promote the interest of all publie improvement and enterprises which further the progress and uplmilding of the community.
Following is the statement at the close of business January 1, 1916. Resources-Loans, $73,090.46; fixtures, $2,420.00: cash assets, $7,939.82: total, $83,450.28. Liabilities-Capital, $15,000.00; surplus, $3,000.00: undivided profits. $482.41 ; deposits. $64,967.87 ; total, $83.450.28.
Fairfield E. Sylvester, cashier of the New State Bank of Mor- ton, Minnesota, was born at Plainview, Minnesota, in 1868, son of Charles C. and Charlotte C. (Burns) Sylvester. Charles C. Syl- vester was a native of Maine. Ile was one of the early pioneers of Wabasha county and later in 1870 came to Watonwan county. In 1850 he drove with others from Chicago to California and spent several years in the gold fields of that state. Mrs. C. C. Sylvester was the daughter of an early merehant and Indian trader at Mt. Vernon (near Winona), Minnesota. He is now living at Wash- ington, District of Columbia. Fairfield E. received his education in the public schools at Madelia, Minnesota, at Mankato and at the University of Minnesota, graduating from the law department. He practieed law from 1895 until 1907 at Madelia, Minnesota. In 1910 he became cashier of the Security State Bank at Seaforth, Redwood county. JJune, 1914, the New State Bank of Morton was organized with Mr. Sylvester as its largest stoekholler. The same year he also had charge of the organization of the Farmers' Co-operative Grain Company at Morton. He held the office of Municipal Judge of Madelia two terms and was a member of the board of education at Seaforth one term. Mr. Sylvester was mar- ried to Merey Hornbeck of Centerville, South Dakota, in 1898. The following children were born to this union: Marian, born in 1900, and Shirley, born in 1910.
William Wichman, leading citizen. successful banker and for- mer sheriff, was born in Cottonwood township. Brown county, this state, April 5, 1859, son of Diedrich and Margaret (Boor- man) Wichmann, the pioneers. As a child he underwent the thrilling experiences of the Indian outbreak. Ile was reared to farm pursuits and at the age of twenty-five bought eighty acres of land in section 14. Beaver township, which he farmed until the fall of 1889. He was then elected the sheriff of Renville
MR. AND MRS. WILLIAM WICHMAN
THE NEW YORK PUBLIC LIBRARY
ASTOR. LENOX AND TILDEN FOUNDATIONS
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HISTORY OF RENVILLE COUNTY
connty and took up his office January 1, 1890, at Beaver Falls, where he lived for ten years. Then he moved back to the old farm and stayed there until 1909, when he retired and moved to Morton. From 1903 to 1907 he served as representative of Renville county in the State Legislature and was the chairman of the committee on illuminating oils. Ile has been a member of the village council and hell other offices in Morton. He was also president of the Pioneers' Association of Renville county, for several years, again elected this year, and was instrumental in having monuments ereeted to mark the graves of several slain in the Indian ontbreak. In this work, Mr. Wiemman has at- tained a widespread fame. He has made a life long study of the incidents of the massacre, and at the expense of much time and money has labored, through the ereetion of monuments, markers and otherwise, to perpetuate the memory of those mar- tyrs to civilization who perished at the hands of the revengeful Sioux. June 1, 1914, he was elected president of the New State Bank of Morton, which position he still holds. lle is a member of the German Lutheran church. On October 17, 1884, Mr. Wich- man was married to Clara Hummel, daughter of Reinhold and Amelia (Dresite ) Hummel, farmers, who came to Renville connty in 1873. Before her marriage Mrs. Wiehman was a teacher in Redwood and Renville counties for several years. Three chil- dren have blessed this couple-Edward, born July 22, 1885, who is in the grain and lumber business at Mandan, North Dakota ; Arthur 11., born November 30, 1889, connected with the Daily News in Minneapolis: and Vera, born January 3, 1900, who is at home.
The Farmers State Bank of Buffalo Lake was incorporated May 12, 1915, by the following: C. A. Kuske, Lonis Willie, Emil W. Jakobitz. W. D. Wallner, Frank Wallner, JJohn Wallner, Herman Yunker, II. L. Reep, O. O. Reep, G. II. Werner, Ilerman Stark, William Wehking, L. A. Reep, Evo Catour, Henry Boes- sling, William Jakobitz, Andrew Winkles, Luis Heger, Gust Wilke. Gust Redman, P. A. Winkles, Herman Keup and E. L. Terry, with a capital stock of $10,000.00 The first officers were : C. A. Kuske, president : llerman Stark, vice president : Lonis Willie, cashier. Directors-C. A. Kuske, Herman Yunker, Iler- man C. Stark, Frank Wallner and G. H. Werner. The bank opened for business June 3. 1915. The poliey of the bank is safety, service and courtesy to all. The present capital and surplus is $12,000.00.
Herman C. Stark, vice president of the Farmers State Bank of Buffalo Lake, was born in Brandenburg, Germany, April 11, 1855. son of William and Wilhelmina (Lornz) Stark, and re- mained with his parents until sixteen years of age, when he bought eighty acres in Bismark township. Sibley county, this
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HISTORY OF RENVILLE COUNTY
state, to which he added until he owned two whole sections of land. In 1913 he sold one section and his children are living on the other. In 1905 he took up his home in Buffalo Lake, where he has since resided. He is a Republican in polities, has been director of the school board in Bismark township, Sibley county, and president of the school board of Buffalo Lake vil- lage and a member of the Buffalo Lake village council. He has been an active temperance advocate, and has worked hard to make Buffalo Lake and Renville county "dry." The family faith is that of the Evangelical church. Mr. Stark was married April 20, 1873, in Transit township, to Augusta Fromm, dangh- ter of Frederick and Hannah (Krown) Fromm, by whom he has had nine children: Lydia, Ferdinand, Angust, Herman, Martha, Amanda, Benjamin, Frederick and Elsie. Lydia was born Jan- nary 25, 1874, married William Schiro, of Preston Lake town- ship, this county, and has five children : William, Arthur, Elsie, Elma, and Elmer. Ferdinand was born .Ily 29, 1876, and is farm- ing in Bismarck, Sibley county. He married Martha Sehfer. and his children are: Mada, Henry, Minnie and Milton. August was born November 17, 1878, and lives in Bismark, Sibley county. Ile married Alma Litzan, and his children are: Harvey, Iler- bert. Bernice and Gladys. Herman was born March 21, 1881, and lives in Bismark, Sibley county. He married Panlina Litzau and his children are: Frederik, Viola, Alice, Harry, Helen and Laverne. Martha was born March 13, 1883, and is the wife of Deidrick Brethorst of Preston Lake township. They have six children : Ferdinand, Esther. Benjamin. Myrtle, Ethel and Nor- ville. Amanda was born July 31, 1885, and is the wife of Rich- ard Brethorst, of Bismark, Sibley county. They have three chil- dren : Lydia, Ervin and Haroldl. Benjamin was born December 19, 1887. and died June 16. 1905. at Buffalo Lake. Frederik was born April 13, 1890, and died February 17, 1891. Elsie wa's born lune 25. 1893, and is the wife of Henry Ruschmyer, of Preston Lake township, Renville county. They have one child, Vernon.
William Stark was born in Germany, October 5, 1817, and was married in 1852, to Wilhelmina Lorenz, who was born April 12. 1827. They came to America in the fall of 1856 and purchased 140 acres of land in Jefferson county, Wis. In 1862 they sold out and moved to Dryden, Sibley county, Minnesota. Two years later they moved to Transit township in the same county, took a homestead of 160 acres, built a two-room cabin of hewed timber, and there remained until 1891, when they sold out and moved to Gaylord, also in the same county, where he died February 20, 1894. The wife died in Lowell, Wis., June 30, 1895. In the family there were five children: Henry, who died June 30. 1853; ITermena. wife of Gustav Kasten, of Lowell, Wis .; Herman, the
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HISTORY OF RENVILLE COUNTY
subject of this sketeh ; John W., of Bismark, Sibley county; and Charles F., of Osage City, Mo.
Frederick Fromm was born in Germany, May 19, 1813, and was married December 21. 1843. to Hannah Krown, who was born February 9, 1820. They came to America in 1855, settled in Sibley county, this state, took up a claim of 160 acres in Transit township, and there ended their days, he April 19, 1890, and she December 11, 1903. In the family there were eight ehil- dren : Charles, who lives in St. Helaire, Pennington county, Minn .; Minnie, who died at the age of two years; Augusta, who died at the age of one and a half years; Wilhelmina, now Mrs. Fred Borchet. of Winthrop, Minn .; Augusta, wife of Herman C. Stark: Fred, who died in November, 1860; and Emelia, who died in January, 1861 ..
The Security State Bank of Buffalo Lake was incorporated April 3. 1915, at Buffalo Lake, by Fred C. Eiselein, Eugene Eiselein. E. W. Rebstock and John H. Sander, with a capital stock of $10,000.00. After a short time the project was dropped.
The Farmers State Bank of Olivia was incorporated May 11, 1915, by E. L. Terry, C. A. Kuske, Louis Willie, Henry Eickhoff, Henry Fehr. William Sholts and Julius Henecke. The first board was constituted of the following: C. A. Kuske, president ; Henry Fehr. vice president : E. L. Terry, cashier: John Tersteeg, as- sistant cashier. Directors-Julius llenecke, L. J. Kuske and Louis Willie. The bank opened for business .Inne 21, 1915, with a capital stock of $15,000.00. The majority of the stock being owned by the farmers, it is the policy of the management to bring the bank into elose touch with the financial end of the farm, and to bring the surrounding country into the highest state of agri- cultural worth. Althought having been in business only for a short time. the bank has a nice line of deposits, and the business is growing steadily. The present capital and surplus is $18,500.
The O'Connor Brothers' Interests. Timothy and James O'Con- nor, brothers, started overland from Forest City, Iowa. to Sacred Heart, in this county. in the spring of 1880. In the fall of 1880 came two more brothers, John and Edward. The other brothers, Mieliael and William, came in 1885.
In 1887, Timothy, James, John, Edward, Michael and William O'Connor associated themselves with J. T. Brooks, afterwards county auditor, and organized the institution then known as O'Connor Brothers. (private) Bankers. The officers were: James O'Connor, president, and John O'Connor, vice president. Tim- othy, who was the cashier, was the active manager of the institu- tion. At that time there were only two banks in the county, one at Beaver Falls and one at Bird Island. December 23, 1889, the O'Connor institution was incorporated as the Renville State Bank, with the following officers: President, James O'Connor; vice
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HISTORY OF RENVILLE COUNTY
president, J. T. Brooks; cashier. Timothy O'Connor; directors, Edward, John, James and Timothy O 'Connor and J. T. Brooks. A building was ereeted in 1892. In 1897. Timothy O 'Connor became president ; James O'Connor, vice president ; and William O'Con- mor, cashier. In 1907 the bank was sold to S. M. Serkland and O. A. Stensvad.
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