USA > Nebraska > Hall County > History of Hall County, Nebraska > Part 46
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THE BANK OF DONIPHAN
The Bank of Doniphan was established May 3, 1886, with W. J. Burger president and John Schwynn cashier. S. N. Wolbach, C. F. Bentley, W. J. Burger and John Schwynn were the stockholders. Mr. Burger continued as president until he sold his stock, where- upon C. F. Bentley became president of the institution and served until his death in 1908.
Thereupon S. N. Wolbach became pres- ident for a period. During all of this time John Schwynn had been cashier of the bank. For a time before his death John Schwynn was cashier of the bank, S. N. Wolbach vice- president, in which office he had been serving since the establishment of the institution ex- cept for a period he was president. After Mr. Schwynn's death, Mr. Wolbach again be- came president, and is still serving in that capacity. Judge Bayard H. Paine who suc- ceeded Mr. Wolbach as vice-president of the bank, is now in that office.
H. E. Funk upon the disposal of Mr. Burg- er's stock purchased an interest in the bank, was elected a director and assistant cashier, and later on succeeded Mr. Schwynn as cash- ier. Mr. Funk a few years ago disposed of his stock whereupon C. M. Carlson of Dannebrog, Nebraska, was elected cashier and George E. Funk, assistant cashier. During 1918, George E. Funk was called into service, and resigned as assistant cashier, and Miss Alma Gideon is now acting in that capacity. The present directors of the bank are S. N. Wolbach, president, Bayard H. Paine, vice- president, C. M. Carlson, cashier, and Emil Wolbach. Among the other stockholders are Wm. E. Martin and Karl Hoppold.
Several years ago this bank outgrew its quarters in the brick building erected in 1888, and moved into a fine, commodious banking home built for its use.
The growth of the bank is evidenced by a comparison of its deposits, resources, etc. :
1902 1909 1919
Capital stock .... $ 12,500 $ 12,500 $ 20,000
Deposits 102,739 188,097 233,629
Total resources. 121,761 209,180 264,858
COMMERCIAL EXCHANGE BANK, OF DONIPHAN
Doniphan remained with one bank for twenty-five years, when in November, 1911, the Commercial Exchange Bank started in busniess. This bank opened with H. A. Red- man, president, L. J. Berg, vice-president, and C. M. Redman, cashier. J. J. Mohlman suc- ceeded Mr. Berg as vice-president, and in 1917 he sold his stock to Merle Eggert, who Digitized by
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HISTORY OF HALL COUNTY NEBRASKA
became vice-president. The president and cashier have remained the same throughout the career of this institution. The first direc- tors were H. A. Redman, L. J. Berg, J. J. Mohlman, C. M. Redman and Mrs. Berta Siebert. Albert Redman became a director in 1919. This bank occupies a very substantial and convenient banking home which it erected for that purpose.
Its growth is reflected by a comparison of two statements as to the principal items.
Sept. 4, 1912
Jan. 28,
Statements of-
1919
Loan and discounts. . $44,532.72
$190,258.05
Banking house, fix-
tures, furniture ..... 5,000.00
5,000.00
Capital stock paid ... 15,000.00
15,000.00
Deposits
47,463.42
235,809.84
Total resources
65,856.86
258,596.63
CITIZENS STATE BANK, WOOD RIVER
The Citizens State Bank of Wood River, Nebraska, was incorporated August 20, 1891, by W. L. May, George R. Voss, James Jack- son, W. W. Mitchell, T. J. Smout, Jerry Bowen, G. W. Miller, W. L. Sprague, S. E. Smith and M. J. Costello, with an authorized capital stock of $25,000 and a paid up capital of $14,500.
The first board of directors were W. L. May, George R. Voss, James Jackson, W. W. Mitchell, T. J. Smout, Jerry Bowen and W. L. Sprague.
This board elected James Jackson, presi- dent, W. L. May, vice-president, and appointed S. E. Smith, cashier.
Additional directors elected to fill vacancies since are B. Z. Taylor, Robert Ewing, S. C. Jackson, W. B. Kern, H. I. Mc'Carty, Fred J. Miller, F. M. Hollister and Patrick Hoye.
In 1915 the board of directors was reduced from seven to five and W. W. Mitchell, Patrick Hoye, Fred J. Miller, F. M. Hollister, and W. L. Sprague were elected and also consti- tute the present board.
In 1894 W. W. Mitchell succeeded James Jackson as president and still holds that po- sition.
Jerry Bowen was elected vice-president in
1894 and was succeeded by James Jackson in 1900.
M. I. Mc'Carty was elected vice-president in 1911 in place of James Jackson, deceased.
In 1911 Patrick Hoye was elected vice- president vice M. I. McCarty, and is the pres- ent holder of this office.
R. R. Root was appointed cashier in Novem- ber, 1891, and was succeeded on March 1, 1894, by W. L. Sprague who is the present incumbent.
W. W. Mitchell, president, Patrick Hoye, vice-president, W. L. Sprague, cashier, and E. B. Persson and E. H. Benson, assistant cashiers, comprise the executive officers.
First Annual Statement, January, 1893:
RESOURCES
Loans and Discounts $34,945.22
Due from Banks
1,706.38
Cash in Bank 2,208.05
Overdrafts 413.62
Expenses paid 2,423.79
Furniture and Fixtures 1,928.21
Banking House
4,379.44
$48,004.71
LIABILITIES
Capital Stock
$23,000.00
Undivided Profits
3,509.40
Deposits
19,495.31
Bills Payable 2,000.00
$48,004.71
Statement of January, 1919:
RESOURCES
Loans and Discounts $330,438.46
Due from Banks.
77,056.46
Cash in Bank
15,753.13
Liberty Bonds
14,530.00
Banking House 2,500.00
Furniture and Fixtures
2,500.00
$442,778.14
LIABILITIES
Capital Stock
$ 25,000.00
Surplus and Profits
22,579.58
Deposits
391,603.98
Guaranty Fund 3,117.58
Dividends unpaid
477.00
Digitized by Goog9442 $442,778.14
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HISTORY OF HALL COUNTY NEBRASKA
In April, 1892, interested persons bought a controlling interest in the stock from W. L. May and George R. Voss and sought to close the bank. The minority stockholders check- mated this move by subscribing for more stock, increasing the paid up capital stock to $23,000, of which they held $15,500 against $5,500 under adverse control.
In 1894, the capital stock was reduced to $21,000; in 1897 to $18,000 and in 1899 to $10,000.
In 1909 the stock was increased to $15,000 through a stock dividend and in 1910 to $25,000.
The building now occupied as a banking house was built in 1892.
THE FIRST NATIONAL BANK OF WOOD RIVER
Incorporated October 12, 1888. Charter No. 3939.
First board of directors: Patrick Moore, Henry O. Gifford, James Ewing, F. M. Pen- ney, Walter Chamberlain, Henry Chamberlain, Hans Wiese, W .W. Mitchell, H. P. Chapman.
First officers: Henry Chamberlain, presi- dent, Patrick Moore, vice-president, Walter Chamberlain, cashier.
Presidents (in order of service) : Henry Chamberlain, H. O. Gifford, O. W. Eaton, F. E. Slusser.
Cashiers (in order of service) : Walter Chamberlain, Henry Chamberlain, E. S. Leav- enworth, F. M. Penney, H. S. Eaton.
Vice-presidents (in order of service) : Patrick Moore, Peter Holling, O. W. Eaton, F. E. Slusser, Hans Wiese.
Present board of directors: Hans Wiese, H. S. Eaton, F. E. Slusser, E. S. Leavenworth, J. E. Ayers, W. H. Packer, S. W. Wilson.
Present officers: F. E. Slusser, president, Hans Wiese, vice-president, H. S. Eaton, cash- ier, H. P. Burmood, assistant cashier, J. E. Ayers, assistant cashier.
In addition to the members of the first board of directors and the present board, the fol- lowing have served on the board of directors at different periods : D. Barrick, Peter Holling, Wm. Dubbs, James Gifford, H. D. Trout.
The original number of stockholders was sixteen. The present number is fourteen. Of
the original stockholders but one name appears on the present list, that of Mr. Wiese, although the Eaton and Gifford stock is represented by their heirs as present holders. Since the bank was organized, more than thirty years ago, Mr. Wiese has served most efficiently and conscientiously as one of its directors, a rather remarkable record of faithful service which has been of inestimable value to the bank and which is held in highest appreciation by the officers and stockholders of the institu- tion.
Mr. Slusser entered the service of the bank as bookkeeper in November, 1889, since which . time his connection, as employee, stockholder or officer has been continuous.
First published statement, February 9, 1889:
RESOURCES
Omaha National Bank $10,620.00
Chemical National Bank
1,915.75
Loans 50,665.01
Expenses and Taxes. 1,204.10
Overdrafts 292.07
U. S. Bonds.
12,500.00
Premium Bonds
3,421.88
Cash
4,499.07
Redemption Fund
562.00
Real Estate
3,750.00
Furniture and Fixtures
2,000.00
Total
$91,429.88
LIABILITIES
Capital paid in $48,250.00
Circulation
11,240.00
Undivided Profits 2,663.84
Deposits, check 24,487.45
Deposits, certificate
4,788.59
Total
$91,429.88
Published statement of March 4, 1919:
RESOURCES
Loans and Discounts. $353,308.05
Overdrafts 1,057.35
U. S. Certificates of Indebtedness 20,000.00
Bonds 40,000.00
Federal Reserve Sock 1,800.00
Real Estate 19,000.00
Cash and Due from Banks and U. S. Treasurer 93,188.47
Total Digitized $528,353.87
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HISTORY OF HALL COUNTY NEBRASKA
LIABILITIES
Capital Stock
$ 40,000.00
Surplus
20,000.00
Undivided Profits, net.
18,915.50
Circulation
40,000.00
Deposits
409,438.37
Total
$528,353.87
CAIRO BANKS
Cairo has two successful and enterprising banks. The older of these is the Cairo State Bank. This bank was organized August 26, 1902, with a capital of $5,000 with the follow- ing as officers and directors : C. F. Bentley, president, J. H. Harrison, cashier, S. N. Wol- bach, S. D. Ross, directors.
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The bank opened for business September 22, 1902, with the above named officers and directors.
On December 30, 1905, the capital was increased from $5,000 to $10,000.
On October 10, 1907, J. H. Harrison, cash- ier, tendered his resignation, he selling fifteen shares of his stock to Geo. W. Wingert and fifteen shares to Elliott Harrison. Geo. W. Wingert was elected cashier to fill vacancy, and Elliott Harrison was elected assistant cashier.
On November 6, 1908, S. N. Wolbach was elected president to fill the vacancy caused by the death of C. F. Bentley, S. D. Ross re- signed as member of the board of directors, having sold his shares to Bayard H. Paine. Elliott Harrison and Bayard H. Paine were elected directors.
On May 7, 1909, by authority from the state banking board, the capital was increased to $25,000, with $15,000 paid up. J. E. Cox hav- ing acquired stock was elected director.
On January 12, 1910, J. E. Cox was elected vice-president and Wm. Stoeger having ac- quired stock was elected director, the stock of the late Charles F. Bentley was transferred under the estate to Grace B. Paine, Ira T. Paine and Fred J. Bentley.
On September 19, 1910, at a special meeting a contract was let for the erection of a new
bank building. This building was completed and moved into in May, 1911.
On January 11, 1911, the capital stock was increased to $16,000, the additional shares being sold to Dell Thompson who was then elected a director.
In April, 1915, a vacancy occurred in the office of assistant cashier and director caused by the death of Elliott Harrison.
At the annual meeting of stockholders, January 20, 1919, the following officers were elected : S. N. Wolbach, president, J. E. Cox, vice-president, Geo. W. Wingert, cashier, G. H. Vant, assistant cashier, M. F. Thompson, 'assistant cashier. Directors re-elected, S. N. Wolbach, J. E. Cox, Geo. W. Wingert, Bayard H. Paine, Wm. Stoeger, Dell Thompson and G. H. Vant having acquired stock was also elected director.
As criterion of the growth of the Cairo State Bank, a comparison of the statements of this bank, made on November 25, 1902, and January 28, 1919, shows that the capital stock paid in has increased from $5,000 to $16,000; furniture and fixtures (banking house in latter), from $595 to $5.300; loans and discounts from $7,271.22 to $167,587.65; deposits from $14,715.47 to $257,298.36, and total resources from $20,025.33 to $279,536.41. This bank occupies a very substantial and well arranged banking home.
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FARMERS STATE BANK OF CAIRO
The second bank for Cairo was organized in 1910, starting business as the Farmers State Bank of Cairo, on September 24, with C. C. Hansen, president, W. C. Robinson, vice- pres- ident and G. C. Raven, cashier. There has been very little change in the personnel of the directors or officers during its existence. The president and cashier are the same as when first organized. Mr. Robinson, now de- ceased, was succeeded by Fred Voss as vice- president. The present board of directors is composed of C. C. Hansen, T. J. Hansen, Fred W. Ashton, Philip Stoeger, W. L. Heupel, Fred Voss and G. C. Raven. While the control of the stock has rested with Mr.
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HISTORY OF HALL COUNTY NEBRASKA
Hansen at Grand Island, the bank has been managed by Cairo folks, Cairo having always had five of the seven members of the board until this last meeting. While T. H. Soren- son, assistant cashier was absent with the armed forces abroad and pushing Germans back into Germany his place was filled by Mrs. Raven, until he returned.
The first depositor of the bank was, as we knew him then, "little" Johnny Pedley, now a member of the marine corps and from his last picture seen here no longer little Johnny but John. The bank has made a substantial growth and been successful from a dividend- paying standpoint and from its record of service to the community. Its growth can be judged from a comparison of its standing in 1910 and 1919, during which time its loans and discounts grew from none to $153,175; deposits increased from none to $195,206; and total resources grew from none to $230,911.75.
ALDA STATE BANK
The Alda State Bank was organized August 30, 1909, by its present officers and directors : Dr. P. C. Kelley, president, Bayard H. Paine, vice-president, John Thomssen, cashier, Fred Thomssen, assistant cashier, who constitute the board of directors, with O. A. Abbott, Jr., as the fifth member.
The bank has a neat little banking home situated at the intersection of the two main streets of Alda, and has progressed along steadily with a fairly uneventful career, ex- cept for its steady growth. It has $12,000 capital, and carries its banking house, fixtures, etc., at $3,333.00. Between November 16, 1909, and November 1, 1918, its loans and discounts have grown from $5,171.15 to $134,856.92; its deposits from $7,231.76 to $161,914.49; and its statement of total re- sources had increased from $17,288.04 to $187,187.92. The rate of progress of this bank can be somewhat gauged by its deposits in November of each year:
1909, $7,231.76; 1910, $22,123.07; 1911, $44,750.56; 1912, $59,520.03; 1913, $47,903 .- 70; 1914, $77,571.20; 1915, $84,008.20; 1916,
$127,836.72; 1917, $153,787.07; 1918, $161,- 914.49; July 31, 1919, $214,469.41.
FARMERS STATE BANK
Alda's second bank was organized Decem- ber 24, 1917, and opened January 25, 1918, with C. A. Ellis, president, J. S. Denman, Frank Denman, Benj. J. Cunningham, at- torney, W. L. Kelley, cashier, and Geo. Daw- son, vice-president, as the officers and direc- tors. This bank sustained a fire September 6, 1918, which necessitated its removing to temporary and cramped quarters in the corner of a garage, until the completion of its own splendidly appointed building. On July 31, 1919, this bank was carrying $15,000 capital; $43,755 in loans and discounts ; $47,367.99 deposits ; and total resources of $65,448.80.
BUILDING AND LOAN ASSOCIATION
Steps were taken rather early in the history of the community to provide means for the buliding of homes in the city, upon the liberal plan provided for by the building and loan laws of Nebraska. The first meeting of the Grand Island Building and Loan Association was held at the office of Jay S. White, August 29, 1891. At this meeting a committee was appointed to draft a constitution for the asso- ciation, which was adopted. The first regular meeting was held January 9, 1882, when the following officers and board of directors were elected : J. D. Moore, president ; B. C. How- ard, vice-president ; J. E. White, secretary ; M. Murphy. treasurer ; M. J. Gahan, L. M. Bryan, C. L. Howell, D. Ackerman, William Anyan, H. L. McMeans and Frank Guenther, direct- ors. The original members were L. M. Bryan, S. W. Smith, M. J. Gahan, B. C. Howard, Frank Sears, Clara A. Sears, A. A. Sawyer, A. D. Sears, C. L. Howell, M. Murphy, A. H. Wilhelm, A. Humphrey, C. B. Handy, D. Ackerman, John Riss, C. E. Schanlan, P. D. Thompson, Francis Lang, Frank Guenther, Jay E. White, H. L. McMeans, J. D. Moore, William Anyan, B. Berry. O. A. Abbott, H. O. Brown, H. D. Boyden, E. W. McAllister, John Henderson, Emiline Henderson, Peter Janss.
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HISTORY OF HALL COUNTY NEBRASKA
G. H. Thummel, F. C. Collins, E. F. Kerr, G. F. Rourke. In 1894 the directorate was Leder- H. Caldwell, C. E. Lykke, J. H. Wilsey, Mon- roe Taylor, Jacob Giese, E. A. Richardson, S. B. Reynard, H. L. Burket, F. M. Bacon and C. P. R. Williams.
The profits reported in the first annual state- ment, January 6, 1883, amounted to $7,123.25; in the second, $7,538.50; in the third, $7,- 620.20; in the fourth, $7,043.80; in the fifth, $8,090.05; in the sixth, $11,044.30, and in the eighth, published January 1, 1890, $13,602.15. The total receipts of 1889 amounted to $33,- 723.20, B. C. Howard was president in 1886, and W. E. Robinson, secretary. In 1888 S. D. Ross was secretary. In 1889 Frank Sears succeeded M. Murphy as treasurer, and on January 13, 1890, Henry A. Koenig succeeded. Mr. Sears. The directorate in 1890 were D. Ackerman, C. W. Brininger, W. B. Carey, C. B. Handy, G. H. Geddes, James Cleary and A. C. Lederman.
THE EQUITABLE BUILDING AND LOAN ASSOCIATION
In 1890 the officers of the "Grand Island" Association feeling that their experience of the first eight years had taught them a better plan than the one then in use, changed the name of the association to "The Equitable" and adopted a new plan whereby shares were issued semi-annually in series but the money went into one common fund for loaning pur- poses and the net profits were distributed semi-annually to the various series. On January 1, 1912, another new plan in accord- ance with the most modern methods of opera- 'tion for large associations was worked into the methods of the Equitable. In 1893 the officers of the association were: Blake C. Howard, president, James Cleary, vice-president, Henry A. Koenig, treasurer, C. W. Brininger, secre- tary. Mr. Brininger succeeded S. D. Ross as secretary in 1890, and has been secretary of the Equitable during the entire twenty-nine years of its existence under that name. The directors in 1892 and 1893 were A. C. Leder- man, D. Ackerman, C. B. Handy, G. H. Geddes, H. L. McMeans, H. C. Miller and Jas.
man, Ackerman, McMeans, Miller and Henry Mayer, S. E. Sinke, R. J. Barr, and L. T. Geer. In 1895 D. Ackerman succeeded Jas. Cleary as vice-president, and Chas. G. Ryan took his place on the board of directors. C. F. Bentley became treasurer of the Association in 1894 and remained in that capacity until his death, July 15, 1908. In 1896, the board of directors was listed as follows: A. C. Lederman, H. C. Miller, H. L. McMeans, Chas G. Ryan, L. T. Geer, B. C. Howard, D. Ackerman, S. E. Sinke, C. F. Bentley, Robert J. Barr and C. W. Brininger. In 1897, A. C. Lederman suc- ceeded D. Ackerman as vice-president and Richard Goehring took his place upon the board. On March 14, 1900, Blake C. Howard died. Mr. Howard had served, with the ex- ception of one term continuously since 1883 as president of the Association, under both its titles. He saw the company grow from a small incorporation with four hundred shares in 1883 to the third largest in the state at the time of his death. Louis Veit succeeded Mr. Howard as president. R. R. Horth came onto the board at this time. R. C. Glanville was title-examiner during this period.
The next changes were in 1903, when Charles G. Ryan became vice-president. The board at this time was, Louis Veit. president. C. G. Ryan, vice-president, C. W. Brininger. secretary, C. F. Bentley, treasurer, S. E. Sinke, H. C. Miller, R. R. Horth, Richard Goehring. L. T. Geer, C. B. Norris, R. J. Barr, and J. H. Woolley, title examiner.
In the report of the Equitable made in 1907 the secretary pointed out the accomplishments of the association during its first twenty-five years, from 1882 to 1907 :
Total receipts : Grand Island, $502,873.88. Equitable 1,755,233.76, $2,258,107.64.
Total operating expenses: Grand Island, $9,304.35, Equitable 32,834.92, $42,139.27.
Total net profits : Grand Island, $167,789.36, Equitable 230,360.61, $398,239.37.
Total amount paid borrowers : Grand Island, $468,901.10, Equitable 1,007,764.25, $1,476,- 665.35.
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HISTORY OF HALL COUNTY NEBRASKA
Total amount withdrawals, Equitable, $374,- 694.58; total amount paid on matured shares, Equitable, $309,002.96.
Total number shares issued: Grand Island, 2,930, Equitable, 18,663, 21,593.
Total number shares withdrawn, Grand Is- land, 313, Equitable 10,590, 10,903.
Total number shares matured, Grand Island, 2,618, Equitable, 2,782, 5,399.
Total number of loans, Grand Island, 719, Equitable, 1,424, 2,143.
The officers of the association remained the same until in 1908 came two very sad breaks. Charles F. Bentley died July 15, 1908. In addition to the interest he had displayed in the local association as treasurer and director, Mr. Bentley had served in 1907 as president of the National Association of Building and Loan Companies and he had been one of the very earliest of Nebraska financiers to see the neces- sity of protecting the small borrower and in- vestor from the greed and unsafe methods of many so-called national concerns that had sprang up around the country. He had framed many of the building and loan laws of the state, and the Nebraska State League of Building and Loan Associations has commem- orated this service by the beautiful memorial tablet and rest bench they have placed in the lobby of the elegant new building which the Equitable Association added a few years ago to the show places of Grand Island. In the same year death also claimed Louis Veit, who had served as president of the organization since the death of President Howard in 1900. During that same year, however, the local secretary, Mr. Brininger, had been honored with the presidency of the Nebraska State League of Building and Loan Associations. In 1909 Charles C. Ryan was elected president, Richard Goehring, vice-president, S. N. Wol- bach, treasurer, and August Kruse came onto, the board of directors. In 1914 the death of Dr. H. C. Miller, after twenty-two years of service upon the board, left a vacancy which was filled by the election of Guy L. Harrison. In 1918 Aug. J. Baumann succeeded C. B. Norris, whose death occured on June 25, 1917,
after fifteen years of service on the Board. The present officers, in the 37th year of the Association's history are: Charles G. Ryan, president, Richard Goehring, vice-president, S. N. Wolbach, treasurer, C. W. Brininger, secretary, John A. Fergusen, assistant secre- tary and the term of service of the older directors, except Guy L. Harrison and Aug. Baumann, the recent members, are Brininger,
thirty years, Geer, twenty-six years, R. J. Barr, twenty-five years, S. E. Sinke, twenty-five years, C. G. Ryan, twenty-four years, R. Goehring, twenty-two years, R. R. Horth, nineteen years, S. N. Wolbach, eleven years, and Aug. Kruse, ten years. For a board which meets each week with but nominal pay this is an unusual record of service for even a mutual business organization. The association has grown from a showing of assets in 1882, $15,- 485.20; 1892, $89,743.92; 1897, $155,871.31; 1902, $255,626.46; 1907, $406,446.84; 1912, $762,217.42 ; 1919, $1,016,481.09.
THE PEOPLE'S BUILDING AND LOAN ASSOCIATION
Grand Island had a second very active Building and Loan Association for a number of years. The People's Building and Loan As- ciation was organized in June, 1885, with W. R. McAllister, J. G. Raine, J. H. Mullin, J. H. Withers, W. H. Thompson, E. W. McAl- lister, W. T. Chapin, J. C. Pederson and Geo. E. Winn, as directors. In 1887 John G. Raine was president, C. F. Bentley, treasurer and J. R. Thompson, secretary. The institution was running at 119 West Third. In 1892 the officers were J. H. Mullin, president, Dr. H. C. Miller, vice-president, John R. Thompson, secretary, and C. F. Bentley, treasurer. It con- tinued in operation until the middle 'nineties.
. THE UNITED STATES INVESTMENT COMPANY .
This concern was incorporated April 18, 1887, with H. A. Koenig, A. H. Baker, C. A. VonWasmer, O. B. Thompson, William Hagge, O. A. Abbott, and Gustave Koehler, stockholders. The stock was placed at $250,- 000. This concern dealt mostly in real estate and public utilities and wound up its affairs during the business depression of 1894 and 1895.
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HISTORY OF HALL COUNTY NEBRASKA
AMERICAN INVESTMENT COMPANY
This was a very ambitious corporation, The American Investment Company of New Hampshire. Its home offices were at Emmettsburg, Iowa, and it had district offices at Manchester, England, 150 Nassau street, New York city, Huron, South Dakota, Kansas City, Missouri, Walla Walla, Washington Territory, and Grand Island, Nebraska. In 1887 E. S. Ormsby was president, W. L. Tel- ford, secretary and W. P. Coolbaugh local manager. In 1890 R. C. Glanville was the local manager for this company.
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