Early history of North Dakota: essential outlines of American history, Part 68

Author: Lounsberry, Clement A. (Clement Augustus), 1843-1926
Publication date: 1919
Publisher: Washington, D. C., Liberty Press
Number of Pages: 824


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).


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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




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