USA > North Dakota > Early history of North Dakota: essential outlines of American history > Part 68
Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).
Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26 | Part 27 | Part 28 | Part 29 | Part 30 | Part 31 | Part 32 | Part 33 | Part 34 | Part 35 | Part 36 | Part 37 | Part 38 | Part 39 | Part 40 | Part 41 | Part 42 | Part 43 | Part 44 | Part 45 | Part 46 | Part 47 | Part 48 | Part 49 | Part 50 | Part 51 | Part 52 | Part 53 | Part 54 | Part 55 | Part 56 | Part 57 | Part 58 | Part 59 | Part 60 | Part 61 | Part 62 | Part 63 | Part 64 | Part 65 | Part 66 | Part 67 | Part 68 | Part 69 | Part 70 | Part 71 | Part 72 | Part 73 | Part 74 | Part 75 | Part 76 | Part 77 | Part 78 | Part 79 | Part 80
Vol. 1-35
CHAPTER XXXIV
HISTORY OF BANKING IN NORTH DAKOTA
The Dakotas claim the distinction of the oldest State Bankers Association in the United States, the Dakota Bankers Association having been organized in 1885, with D. W. Diggs as president ; R. C. Anderson, first vice president ; M. P. Beebee as treasurer, and Eugene Steere as secretary.
The first convention was held at Aberdeen, in May, 1885. At that meeting eighteen members, coming from different parts of what was then the Territory of Dakota, were enrolled as the original membership of the Dakota Association.
May 24th and 25th, 1887, the annual convention of the Dakota Bankers Asso- ciation was held at Watertown, and the membership at that time numbered eighty-two. The officers of the association in 1887 were: President, Charles E. Judd, cashier of the Dakota Loan & Trust Company of Canton ; R. C. Anderson, as vice president, cashier of the Bank of St. Lawrence, with twenty-four vice presidents coming from various parts of the territory. M. P. Beebee, president of the Bank of Ipswich, was still treasurer of the association and Eugene Steere, cashier of the Citizens Bank of Pierre, secretary.
One of the interesting features at the convention of 1887 was a historical paper covering banking in Dakota, by Frank Drew, at that time cashier of the Bank of Highmore, from which the following sketch has been taken.
"The first banking institution, in the then Territory of Dakota, was located in the City of Yankton, which at that time was a rival of her now more popular neighbor, Sioux City, which city in 1872 numbered a population of but 3,000. Mark M. Palmer, a young man of twenty-three years of age, at that time, was the first person to open a bank in Dakota. In the fall of 1869 this bank was opened on Second Street in Yankton, as a private bank, the partners being S. Drew, who later on was cashier of the James River Bank of Frankfort, Dak., and Frank Drew, later cashier of the Bank of Highmore. Mr. Palmer failed and retired from the banking business in January, 1878. At that time no railroad had entered the domain of the great commonwealth of the Territory of Dakota, and business transactions were necessarily slow to accommodate the old-time Concord coach, which daily drove up to the postoffice, and deposited the mail, and delivered to the bank such currency, specie, etc., as it received from the outside world."
In 1873 the locomotive appeared in Dakota Territory and the Concord coach was relegated to the frontier. Yankton drew trade from an enormous territory and the accounts of this pioneer bank were the accounts of business men, indi- viduals, Indian agents, post-traders, and others, furnishing the bank with a large and widely distributed business. Borrowers were then accustomed to
546
547
EARLY HISTORY OF NORTH DAKOTA
giving personal security only. The chattel mortgage, the popular form of security in the Northwest, being a creation of later days. A most profitable source of revenue for the bank was that of advancing officers' pay accounts. For the ready cash, a liberal discount was not objected to by officers of the Government then in the frontier service.
The second bank organized in the frontier territory was the Clay County Bank (not incorporated), organized September 21, 1871, at Vermilion, with V. C. Prentice as president, and Henry Newton as cashier. After a successful career of seven years this bank went out of existence September 4, 1878, announcing to its depositors their ability to pay all claims on demand. Mr. Pren- tice later on resided at Pierre, S. Dak., and Mr. Newton at Vermilion.
The third bank on the list was started at Elk Point, under the name of the Bank of Union County, in the spring of 1872, by W. Hoffman, who was also interested in the milling business at that point. He failed in business in 1875, and died in the Black Hills in 1877.
The fourth bank was started in Yankton in the fall of 1872, by P. P. Winter- mute, the slayer of the brilliant Gen. Edwin S. McCook, then secretary of the territory. This unfortunate affair occurred on the night of September 1I. 1873, in the hall of the St. Charles Hotel at Yankton, at a meeting called by the citizens to consider the proposition of the incoming of the Dakota Railroad. Mr. Winter- mute's career as a banker then ended. He was tried, convicted and sentenced to ten years, but afterward obtained a new trial and was acquitted at Vermilion, Dak. His liberty was of short duration, however, as his death occurred in Florida in 1877, where he had gone to recuperate a shattered constitution. The bank he founded was purchased by Edmunds and Wynn, under the title of the Yankton Bank, which was succeeded by the Edmunds-Hudson Co., they being succeeded by Edmunds & Sons. Newton Edmunds, senior member of the firm, was honored by many public trusts, among others being governor of the Terri- tory of Dakota. All of the banks mentioned so far were private institutions.
In the winter of 1872, the First National Bank of Yankton was organized with a capital of $50,000, the first of its kind in the territory and was officered by the Hon. Moses K. Armstrong, president, then a delegate to Congress, and Mark Palmer, cashier. Mr. Palmer still continuing his private banking business. In 1873 S. B. Coulson purchased the interest held by Mr. Palmer and the man- agement fell into the hands of J. C. McVey, president, and C. E. Sanborn, cashier, Mr. Armstrong having retired.
The First National Bank of Yankton is an example of what good manage- ment will produce. It still stands among the leading financial institutions of the two Dakotas, with an uninterrupted history of prosperity covering a period of forty-four years.
The sixth bank came into existence in Sioux Falls in the summer of 1873, Jno. D. Cameron being proprietor of the bank. He failed in 1875, and was suc- ceeded by J. D. Young & Co., who were in turn succeeded by the First National Bank of Sioux Falls, which failed in 1886.
The seventh bank was started in 1875, at Bismarck, Dak., Hon. James W. Raymond, later territorial treasurer, and afterward president of the North- western National Bank of Minneapolis, being the prime mover in this work.
548
EARLY HISTORY OF NORTH DAKOTA
The Bismarck National Bank with James W. Raymond as president and Wil- liam Bell cashier, was the outcome of this bank.
It was just at this time that Dakota Territory entered upon an era of railroad building, bringing into existence many new towns, and among other things, numerous banking institutions. By this time modes of doing business had some- what changed. Loans were made on chattel mortgages, the forms of which have varied with each succeeding session of the Legislature. Dakota investments so long held in doubt were becoming prominent and sought after. The business of first mortgage farm loans had grown to a proportion far exceeding expectations, and was handled by institutions in and out of the territory. The earliest organizers of this branch of business was the firm of Foster & Hayward, who conducted a farm and loan business in Yankton from 1872 to 1876. A number of banks had sprung into existence in that part of the territory, which is now the State of North Dakota, all of which have gone out of existence with the exception of the First National Bank of Fargo, which was organized in February, 1878.
The first published statement of this bank was printed March 15, 1878, show- ing a paid-up capital of $61,000, deposits of $12,000, and loans and discounts, $27,000. E. B. Eddy was president, and E. C. Eddy, who still resides in Fargo, N. Dak., was cashier. The First National Bank of Fargo claims the distinction of being the oldest and largest bank in the State of North Dakota. Its present capital is $300,000, surplus and undivided profits, $250,000, and deposits, $5,- 500,000. Its active officers at the present time being E. J. Weiser, president ; F. A. Irish, vice president, and G. H. Nesbit, cashier.
In the years of 1880-81-82 banks in the Territory of Dakota flourished like mushrooms and the first thing to catch the eye on entering a new town was a bank building and then a saloon. During these years the railroads were extend- ing their lines in every direction, weaving into a giant cobweb the commercial interests of Dakota. Huron came into notice in 1880, and December 23d of that year the first bank was started in Huron by C. C. Hills, since deceased.
E. Steere landed in Huron January 3, 1881, with an embryo bank in his pocket, thinking he was the first man on deck, but after a night's sleep and a little investigation in the morning he discovered his mistake and upon calling at the bank already started he found an old-time friend. After a careful sizing up of the situation the conclusion was reached that Huron would not need two banks for some time to come. Mr. Steere went on to Pierre, and started the Citizens Bank, which for many years was the oldest bank in that portion of Dakota. Later on in the fall of the year 1881, Frank Stevens started the Beadle County Bank, the second incorporated institution of its kind in the territory.
The Citizens Bank of Grand Forks was organized in 1878 with J. W. Smith as president and S. S. Titus as cashier. This bank developed into the First National Bank of Grand Forks with J. W. Smith as president and S. S. Titus as cashier. The First National Bank of Grand Forks is still a flourishing institution. It's officers are: S. S. Titus, chairman of the board of directors, A. I. Hunter, president, and J. R. Carley, cashier.
In 1889 the Territory of Dakota was divided into the states of North and South Dakota, the principal cities of North Dakota at that time being Fargo, Grand Forks, Bismarck, Jamestown, Valley City, Grafton, Devils Lake and Minot, and other smaller towns there had flourishing banks, and the business
549
EARLY HISTORY OF NORTH DAKOTA
of banking grew to enormous proportions. At that time the Dakota Bankers Association went out of existence and the North Dakota Bankers Association and the South Dakota Bankers Association were organized.
The first officers of the North Dakota Association were Charles A. Morton, of Fargo, president ; E. P. Wells, of Jamestown, first vice president ; R. S. Adams, of Lisbon, treasurer; and George B. Clifford, of Grand Forks, secretary. The North Dakota Association flourished for several years, but was finally abandoned and an effort was made to reorganize the association in 1894, but after holding two meetings the organization was again abandoned, and not until 1903 was another effort made to organize a state association when through the efforts of F. W. Cathro, cashier of the First National Bank of Bottineau, a meeting of the bankers of the state was held at Grand Forks on Thursday and Friday, August 27th and 28th, for the purpose of reorganizing the North Dakota Association.
Every banker in the state was cordially invited to participate in the organ- ization, the call being signed by twenty-one bankers located in as many different cities in the state. A meeting was organized by the election of F. W. Cathro of Bottineau, as temporary chairman; W. C. Macfadden of Fargo, as temporary secretary ; and M. J. Liverman of Grand Forks, as temporary assistant secretary and stenographer. At the conclusion of the organization meeting officers for the ensuing year were elected as follows: S. S. Lyon of Fargo, president; M. F. Murphy of Grand Forks, vice president; J. H. Terrett of Michigan City, treas- urer ; and W. C. Macfadden of Fargo, secretary.
In 1906 the North Dakota Bankers Association was incorporated under the laws of the State of North Dakota and in 1914 permanent offices were provided, and W. C. Macfadden elected as state secretary of the association, he devoting his entire time to the business of the association since that date. From the years 1903 to 1916 the following gentlemen have served as presidents of the association : F. W. Cathro, Bottineau, N. Dak .; S. S. Lyon, Fargo, N. Dak .; M. F. Murphy, Grand Forks, N. Dark .; L. B. Hanna, Fargo, N. Dak .; J. L. Cashel, Grafton, N. Dak .; C. E. Batcheller, Fingal, N. Dak .; C. J. Lord, Cando, N. Dak; W. C. McDowell, Marion, N. Dak .; Karl J. Farup, Park River, N. Dak .; R. S. Adams, Lisbon, N. Dak .; Lewis F. Crawford, Sentinel Butte, N. Dak .; J. J. Nierling, Jamestown, N. Dak .; W. D. McClintock, Rugby, N. Dak .; J. E. Phelan, Bowman, N. Dak. The present officers being J. E. Phelan of Bowman, president; C. R. Green of Cavalier, vice president ; W. D. McClintock of Rugby, chairman of the executive council; W. F. Hanks of Powers Lake, treasurer; and W. C. Mac- fadden of Fargo, secretary.
At the annual convention held in Fargo, July 14 and 15, 1904, a total of 291 banks in North Dakota was shown, 79 national banks with an aggregate capital of $2,725,000, and 212 state banks with an aggregate capital of $2,357,000, or a total banking capital of $5,082,000. In 1912 the financial institutions in the state were as follows: state banks, 596; trust companies, 3; national banks, 146; total, 745. In June, 1916, the total number of banks and trust companies in the state had increased to 151 national banks, 4 trust companies, 658 state banks, making a total of 823 institutions. Nine million seven hundred thirteen thousand dollars total capital for the state banks and $5,625,000 as the aggregate capital of the national banks, and $500,000 capital for the trust companies, with
550
EARLY HISTORY OF NORTH DAKOTA
total deposits for the state banks of approximately $80,000,000 and total deposits of the national banks approximately $35,000,000.
Annual conventions of the state association are held, at which topics of gen- eral interest to the state are discussed and to the North Dakota Bankers Associa- tion can a very large amount of credit be rightfully given for the development of the commonwealth.
BANKS OF DAKOTA TERRITORY AS SHOWN BY THE REPORT OF THE COMPTROLLER OF CURRENCY FOR THE YEAR 1889, TOGETHER WITH CAPITAL AND RESOURCES
Name
Capital
Aggregate Resources
First National Bank, Aberdeen
$ 50,000
$176,659.89
Aberdeen National Bank, Aberdeen.
75,000
208,504.65
Northwestern National Bank, Aberdeen.
100,000
273,825.43
First National Bank, Bismarck.
100,000
239,355-97
Capital National Bank, Bismarck
50,000
156,026.98
First National Bank, Brookings
50,000
159,633.57
First National Bank, Canton.
50,000
I26,634.48
First National Bank, Casselton.
60,000
255,653.03
First National Bank, Chamberlain.
50,000
146,463.27
First National Bank, Clark.
60,000
144,949.70
First National Bank, Deadwood ..
100,000
1,052,152.78
Deadwood National Bank, Deadwood.
100,000
224,440.10
Merchants National Bank, Deadwood.
100,000
244,250.19
First National Bank, Dell Rapids.
75,000
178,368.77
First National Bank, DeSmet.
50,000
98,000.00
First National Bank, Devils Lake.
50,000
182,081.76
Merchants National Bank, Devils Lake.
50,000
116,604.92
First National Bank, Doland.
50,000
96,537.82
First National Bank, Fargo.
150,000
850,415.81
Citizens National Bank, Fargo.
100,000
372,424.74
Red River Valley National Bank, Fargo.
100,000
427,252.28
First National Bank, Grafton ..
50,000
210,134.29
Grafton National Bank, Grafton.
50,000
169,188.63
Second National Bank, Grand Forks.
55,000
215,064.32
Citizens National Bank, Grand Forks.
100,000
419,956.91
Grand Forks National Bank, Grand Forks.
60,000
266,907.80
First National Bank, Hillsboro.
50,000
246,110.54
Hillsboro National Bank, Hillsboro
50,000
162,323.79
First National Bank, Huron
75,000
346,629.22
Beadle County National Bank, Huron.
50,000
162,862.27
National Bank of Dakota, Huron.
50,000
138,904.II
James River National Bank, Jamestown
50,000
155,819.37
First National Bank, Larimore.
50,000
148,902.23
First National Bank, Lisbon.
50,000
157,861.09
First National Bank, Madison
50,000
118,498.89
Huron National Bank, Huron.
75,000
319,044.20
551
EARLY HISTORY OF NORTH DAKOTA
Name
Capital
Aggregate Resources
Citizens National Bank, Madison.
$ 50,000
$182,237.50
First National Bank, Mandan.
50,000
169,134.49
First National Bank, Mayville
50,000
155,517.45
First National Bank, Minot
50,000
80,258.72
First National Bank, Mitchell
50,000
234,128.52
Mitchell National Bank, Mitchell
50,000
127,472.39
First National Bank, Parker
50,000
117,277,93
First National Bank, Park River
50,000
137,861.47
First National Bank, Pembina
50,000
205,773.03
First National Bank. Pierre
50,000
145,262.10
Pierre National Bank, Pierre
25,000
63,136.57
First National Bank, Rapid City
50,000
334,010.78
Black Hills National Bank, Rapid City.
125,000
264,073.34
First National Bank, Redfield
50,000
158,612.78
Dakota National Bank, Sioux Falls
50,000
315,646.34
Minnehaha National Bank, Sioux Falls
200,000
711,781.47
Sioux Falls National Bank, Sioux Falls
100,000
405,668.89
First National Bank, Sturgis
50,000
107,912.82
First National Bank, Valley City
50,000
180,455.82
Farmers and Merchants National Bank, Valley City.
65,000
126,170.55
National Bank, Wahpeton
30,000
34,629.12
First National Bank, Watertown
50,000
153.512.21
Citizens National Bank, Watertown
50,000
163,088.07
Watertown National Bank, Watertown
50,000
129,862.14
First National Bank, Yankton
50,000
192,993.54
ABSTRACT OF COMPARATIVE STATEMENT OF THE STATE BANKS AND TRUST COMPA- NIES IN NORTH DAKOTA FOR CALLS AT THE CLOSE OF BUSINESS ON JUNE 30, AND SEPTEMBER 12, 1916.
658 State Banks 671 State Banks 4 Trust Companies 4 Trust Companies
reporting on
Resources
June 30, 1916
reporting on Sept. 12, 1916 $ 68,787.936.43 279,833.39
$2,969,115.99 I 36,938.31 I
Overdrafts
242,895.08
Warrants, Claims, etc ....
1,867,701.22
1.925,382.60
57,681.38 I
Banking House Furniture
and Fixtures
3.092,653.33
3,205,137.1I
112,483.78 I
Other Real Estate. ..
2,045,566.83
2,116,683.66
71,116.83 I
Due from Approved Re- serve Agents
14,036,880.90
19,243,214.41
5,206,333.51 I
Due from Other Banks .. .
978,102.38
1,336,409.54
358,307.16 I
Cash Items
516,363.22
485,665.87
30,697.35D
Cash on Hand
2,336,432.90
2,792,048.81
455,615.91 I
Totals
$90,935,416.30
$100,172,311.82
$9,236,895.52 I
Increase (I) and Decrease (D)
Loans and Discounts.
$65,818,820.44
552
EARLY HISTORY OF NORTH DAKOTA
658 State Banks 671 State Banks 4 Trust Companies 4 Trust Companies reporting on reporting on Sept. 12, 1916 Decrease (D)
Liabilities
Capital Stock
$ 9,713,000.00
$ 9,973,000.00
$ 260,000.00 I
Surplus Fund
2,994,067.71
3,052,082.22
58,014.51 I
Undivided Profits less cur-
rent expenses
659.005.20
529,632.5I
129,372.69D
Due to other banks.
1,574,652.09
2,092,861.33
518,209.24 I
Deposits subject to check. . 29,266,223.87
33,974,670.70
4,708,446.83 I
Demand Certificates of De-
posit
873,899.65
874,363.58
463.93 I
Time Certificates of Deposit 41,879,834.42
45,258,453.89
3,378,619.47 I
Saving Deposits
2,339,491.87
2,459,925.67
120,433.80 I
Checks
777,810.30
976,943.26
199,132.96 I
Bills Payable
644,438.00
760,562.12
116,124.12 I
Re-Discounts
207,982.53
205,359.85
2,622.68D
Other Liabilities
5,010.66
14,456.69
9,446.03 I
Totals
$90,935,416.30
$100,172,311.82
$9,236,895.52 I
NATIONAL BANKS OF NORTH DAKOTA AS SHOWN BY THE REPORT OF THE COMP- TROLLER OF THE CURRENCY. REPORT OF SEPTEMBER 2, 1915. CAPITAL, AGGREGATE RESOURCES AND DEPOSITS
Location and name of bank.
President.
Cashier.
Total resources and liabilities.
Capital.
Surplus. profits.
deposits. deposits.
Abercrombie, First.
Engval Jobnaon.
Franklin D. Tonne.
$205.625
$25,000
$4.000
$31,595
$94.035
Ambrose. First.
.J. L. Mathewa.
D C. Hair ...
199.331
25.000
5.000
55.017
79,437
Anamoose, Anamoose.
J. J. Schmidt ...
A. J. Hoffer ..
286.659
25,000
5.000
54,077
151,776
Beacb. First ..
O. C. Attletweed.
.. L. E. Austin.
350,694
23,000
11.000
$1.416
114,409
155.451
Belfield, Firat.
R. C. Davis
J.
O. Milsten.
278,019
25,000
25,000
6,137
92.743
104,139
Binford. First.
Lewis Berg.
Oscar Greenland
162.696
25,000
5,000
468
35,901
78.827
Blabee, Firat.
A. Egeland.
.J.
G. Behan ...
286.880
25,030
5.000
65,932
150,956
Bismarck, First
€. B. Little ..
Frank E. Shepard.
1.591,969
100,000
100,000
13.072
865,249
169,108
Bismarck, City
P. C. Remington
J. A. Graham.
722,274
50.000
10.000
8,057
233,955
224.153
Bottineau, First
. W. H. McIntosh.
F. W. Cathro ..
311.647
50,000
10.000
4,378
163,622
Bottineau, Bottineau
H. A. Batle.
. G. K. Vikan.
262,963
25.000
10,000
69.120
151,845
Bowbells, First.
. A. C. Wiper
B. M. Wohlwend.
207.902
25.000
5,000
98.174
63,000
Bowman, First.
.J. E. Phelan.
Dugald Stewart
355,079
25,000
25,000
8,914
111,464
133,935
Brinsmade. First.
.E. Bussbarth.
H. J. Haugan.
182,212
25,000
5.000
37.902
58,938
Buffalo, First.
.E. E. More.
S. G. More.
220,793
25.000
50,000
1,777
91,234
27,684
Cando, Caodo.
C. J. Lofgren
.D. F. Mclaughlin.
363.694
25.000
35.000
......
64,145
77,386
Carrington. First
G. W. C. Ross
. G. S. Newherry
472.049
25,000
25.000
34.157
246,802
116.090
Casselton, Casa County.
. Joseph Langes
. J. I.
Gunkel
368.500
25,000
25,500
5,650
139,746
103.100
Cavalier, First.
.H. A. Rygh ..
A. D. Porter.
210.166
25.000
1.400
2.046
52.213
88.815
Churcha Ferry. First.
H. C. Hansen.
M. Engelhorn
179,620
25.000
5,000
1.776
52,101
70.743
Cooperstown, First.
H. P. Hammer.
. Seval Friswold
538,235
50,000
50.000
5.216
109,028
203,728
Courtenay, First ...
G. W. C. Ross.
. R. V. Reed.
100.099
25,000
678
23.665
44,256
Crosby, First. . .
E. F. Volkmann.
. Harry H. Martin.
110.197
25.000
1,000
......
84,757
64,323
Crystal, First.
Thoa. Ryan ....
. Guy M. Jamieson
R. V. Bire ..
636.208
75.000
25.000
10.891
351,858
107.433
138,171
Dickinson, Dakota.
H. C. Christensen ..
.D D. Mars.
443.288
50.000
40,000
4,930
155.694
87.825
Drayton, First. .
J. R. Stong.
H. A. Thom ..
360.760
25,000
25.000
2,558
126,250
129,952 20.996 199,691
151.508
Egeland. First.
.D. F. Mclaughlin.
... Geo. F. Elaberry.
100.418
25,000
7.000
1.626
24,225
25.067
Ellendale, First.
F B. Gannon ...
.. G. E. Lane ...
436,560
25,070
40.000
8.978
212.682
115.471
Ellendale, Ellendale.
.. F. I. Graham
. H. C. Peek.
175.717
25.000
4.300 3.000
6,371
66.719
27.042
Fairmount, First ...
.Geo. W. Mace ..
.. Wm. Dahlquist
191.038.
23,000
5,000
29.965
1.434.442
705.013
Fargo, Fargo.
M. Hector.
G. E. Nichols.
390,437
50.000
10,000
7.755
220.334
26.644
Fargo. Merchants
N. A. Lewis.
S. S. Lyon ...
1.255,843
100,000
75.000
25,974
389.839
288,628
Fessenden, First
H. Thorson.
... H. Ingvaldson.
330.164
25,000
5,000
3.684
91.703
170,377
74,985
Ellendale, Farmers.
. P. McGregor.
. Albert C. Strand.
134,382
25,000
50.000
10.445
261.933
212,566
Eaat Fairview. First.
.A. F. Noble.
. L. P. Lanouette
126.483
25.009
5.000
3.748
42,240
Edgeley, First.
W. T. Martin.
.. A. J. Kesler.
457,504
50,000
10.000
6.637
137.644
Edmore, First ..
D. H. Beecher.
C. C. Honey.
241.872
25,000
10.000
44,114
Crary, First. ..
J. H. Smith ..
.O. C. Sagmcen.
149,165
25,000
10.000
52,206
31.959
47,297
Crosby, Citizena. .
. A. M. Eckmann.
.. Sigurd Rue ..
205,374 195,514
25.000
6.000
55.816
60,990
Devila Lake, First.
H. E. Baird.
Blanding Fisher
489.154
50,000
10,000
23.404
254,555
1.436.762
100.000
50.000
2.720
356.570
764.049
Dickinson, First ...
A. Hilliard.
. W. F. Kittel.
507.629
60,000
10,000
7.363
175.326
134.198
Casselton, First.
.C. J. Lord
. Harry Lord
442.401
25,000
35,000
114.974
97.738
240,427 179,337
Carpio, First.
S. J. Rasmussen
. Oscar Herum
197,531
25,000
5.000
29,487
25,000
6.230
Devils Lake, Ramsey Co .. C. M. Fisher.
.T. A. Tollefson.
Dickinson, Merchants .... W. L. Richards ...
. Wilson Eyer
710,433
50,000
Fargo, First ..
E. J. Weiser.
. G. H Neghit.
3.660,294
370,000
200.000
45,359
51.615
61,923
Cando, First.
R. C. Kittel.
...
Undi- vided
Demand
Time
47.147
Certified and Cashier's
Increase (I) and
June 30, 1916
553
EARLY HISTORY OF NORTH DAKOTA
Location and osme of bank.
President.
Cashier.
deposits. depoelts.
Fingsl, First ..
L.
A. Batcheller ...... C. E. Batcheller ..... .
$ 200,776
$ 25,000
$ 5,000
$ 36,761
$ 78,015
Finley, First. ..
E. Taisey.
... E. H. Gilbertson. ... ...
250,088
25.000
25.00010
$ 4.497
77,698
91.893
Forman, First. ..
... J. L. Mitchell.
... R. L. Himebaugh. .....
176,798
25,000
4.000
715
49,314
75,769
Garrison, First ..
. Adelbert Tymeson, Jr ... D. P. Robinson ..
155,002
25.000
5.000
454
74,727
36,321
Goodrich, First. ..
.R. W. Akin ..
Frank Schroeder
185.152
25.000
10,000
2,288
56.886
70,978
Grafton, First
.F. H. Sprague ..
M. H. Sprague.
442,718
50.000
10,000
211
125,302
171,653
Grafton, Grafton
.D. C. Moore. ..
D. M. Upham.
517,485
50,000
10,000
6.135
145,852
255,498
Grand Forks, First.
.. J. R. Carley
1,661,269
200,000
50.000
14,938
837,935
99,151
Hampden, First ...
.C. D. Lord ..
R. Swarthout
128.598
25,000
5,000
17,173
71,425
Hankinson. Citizens ... . E. Hunger.
.. H. Kauthemer
2.5,093
30.000
10,000
...
32,973
60,781
Harvey, First.
Aug. Petersoo.
J. Reimer
427,763
25,300
25.000
11,423
108,394
212,147
Rattoa, First ...
M. F. Hegge.
. . Abraham Hanson
305,501
25,000
15,000
2.163
114,822
128,516
Alercbants
M. L. Elken.
. G. H. Bolken.
216,964
25,000
10,000
2.408
45,296
98,994
Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.