USA > Nebraska > York County > York County, Nebraska and its people : together with a condensed history of the state, Vol. II > Part 13
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The official directory of this bank in 1920 remained practically the same as that given above.
The management of the various banks in outside towns passed also to the McClouds and their associates,
Of the First National Bank of Benedict, J. R. McCloud has for the past few
744
HISTORY OF YORK COUNTY
years been president, Harley Nettleton, vice president, and B. B. Crownover, cashier.
The First National Bank of Bradshaw has as president C. A. McCloud, with E. A. Wells remaining as vice president and C. B. Palmer, Jr., as cashier.
Of the Bank of Lushton, C. A. MeCloud is president, R. R. Copsey, vice presi- dent, and HI. O. Merserve, cashier.
At MeCool Junction C. A. McCloud is president of the Blue River Bank, with T. W. Smith remaining as vice president and R. F. Lord as cashier in 1920.
The Bank of Thayer: C. A. MeCloud became president; R. R. Copsey, vice president ; and Ambrose Retzlaff, cashier, vice Otto Wutke, who served for several years as cashier.
C. A. McCloud became president of the Farmers and Traders Bank of Waco, T. J. Kirby succeeded E. J. Wightman as vice president, and J. H. Fisher, who was cashier, remained with the new management.
So with these seven banks, these men so associated together have built up a line of banks with over $600,000 capital and surplus.
THE CITY NATIONAL BANK
The City National Bank of York was organized in 1891 and through years of steady growth has built up a substantial banking institution in York, and its principal stockholders and officers, co-operating with the capitalists of the other towns of the county, have somewhat emulated the example of the First National group and built up a number of contributing and co-operating institutions through- out the county.
For many years Harris M. Childs was president of this institution, D. S. Zim- merman was vice president, Fred S. Bodie, cashier, and L. W. Childs, assistant cashier, and later C. HI. Kolling became cashier.
A recent list of stockholders of the City National Bank, York Neb .. showed the following :
Andreesen, Henry
Childs, J. S.
IFouston, W. B.
Brooke, Richard
Chessman, Mrs. M. II.
Henton, George
Brown, E. E., estate
Cites, H. C.
Hartley, G. A.
Brown, Mrs. Jennie E.
Dean, W. H.
Hartley, Mrs. Elsie F.
Bell, J. M.
Dean, N. A.
Knott. J. S.
Barber, Thomas
Doran, John
Kuns, D. C.
Bell, W. E.
Dean, E. J.
Kolling, C. H.
Behling, Mrs. Ida
Davis, Le Roy
Kirby, T. J.
Beaver, C. N.
Edmisten, A. R.
Kolling, C. Lloyd, F. E.
Baldwin, F. H.
Erb, H. Q. Graves, Daniel
McCloud. Mrs. Flora S.
Borden, Mrs. Louise
Graves, Mrs. Martha Il.
Mapps. S. T.
Borden, F. L.
Gilbert, Mrs. Lois A.
Newcomer. W. A.
Childs, Anna Gertrude
Prohaska, A.
Prohaska, Joseph
Craig, Bess Childs, Harris M. Childs. L. W.
Green, L. P. Gunlach, Mrs. M. M. Howell, Mrs. Rebecca Hager, W. P.
Peterson, Alex J. Plumb, J. N.
Barr, James A.
-
AMERICAN STATE BANK, YORK
THE NEW Y. PUBLIC IHISAR
ASTOP IEN .ND TILDEN FOUNDATIONS
L
747
HISTORY OF YORK COUNTY
Righter, Mrs. Harriet S.
Seng, W. W.
Wildman, M. M.
Reynolds, W. F., estate
Saddoris, Ora
Wilcox, Mrs. Anna Z.
Roberts, J. M.
Saddoris, Norval Zimmerman, D. S.
Rea, M.
Swanson, N. B.
Zimmerman, Mrs. C.
Southworth, L. F.
Williston, M. H. Zimmerman, J. and C.
Simmons, Ira R.
Wellman, A. W. Zimmerman, Mrs. H. E.
In 1916 the officiate of this bank was: H. M. Childs, president; D. S. Zimmer- man, vice president : J. M. Bell, vice president : J. E. Hart, cashier; B. Perry and L. W. Childs, assistant cashiers.
The following tribute was paid to President Childs after his death in 1917:
Harris M. Childs, one of York's bankers and one of the county's foremost citizens, died at his home at 615 East Sixth Street, Monday afternoon, September 10, 1917. Mr. Childs has been ill for many months and his death was not unexpected. The final services were held Wednesday afternoon.
Born in Jowa on June 24, 1859, he attended the public schools of his native state, and while yet a boy began work in his father's store. In 1890 he came to Nebraska, locating at Sterling where he organized a bank. Successfully conducting the Sterling Bank for nine years, he disposed of his interests therein and came to York. He bought an interest in the City National Bank and became its president, which position he held until his death. While not a politician Mr. Childs took an interest in public questions, and in 1904 he was a delegate from Nebraska to the republican national convention. He is survived by his wife and one son and two daughters.
Mr. Childs was a man of charming personality, a level-headed man of business and a progressive citizen. Ile took an interest in civic affairs and gave liberally of his time and money to advance every good cause brought to his attention. In his death the community loses one who performed splendid service, and whose place will not easily be filled.
The officers in 1920 are: C. N. Beaver, president; J. M. Bell and D. S. Zimmerman, vice presidents; J. I. Moore, cashier; and G. G. Stoll and J. E. Sheigley, assistant cashiers. J. E. Hart succeeded H. M. Childs, but in 1919 was appointed secretary of state banking board and later secretary of department of trade and commerce at Lincoln. This bank in 1920 has a capital stock of $100,000 and surplus of $128,000.
The group of capitalists and bankers who have managed the affairs of the City National Bank and built up that institution have developed the Farmers State Bank of Benedict, which was organized in 1912, and for a few years its principal officers were: H. M. Childs, president ; W. S. Jeffery, vice president, and W. J. Sahling, cashier. Its officers in 1920 are C. N. Beaver, president ; F. R. Waid and W. S. Jeffers, vice presidents, and E. W. Witten, cashier.
As mentioned before J. E. Hart, formerly cashier of the First National Bank of Gresham, was connected with the City National Bank at the time he was appointed in 1918 as secretary of the State Banking Department, which position he now holds as secretary of finance in the new civil code cabinet. When he removed to Lincoln, (. N. Beaver became president of the City National Bank.
The City Trust Company was organized in 1916, with Il. M. Childs as presi- dent, J. M. Bell as vice president, and J. E. Hart as secretary and treasurer.
Vol. 11-10
:48
HISTORY OF YORK COUNTY
THE GERMAN-AMERICAN BANK
In 1905 was organized a bank which has grown until it has reached the second rank in the roster of York County banks. The German-American Bank was organ- ized with a roster of officials some of whom have remained at its helm throughout the remarkable growth herein noted. Joshua Cox, formerly of Hampton. has been and is now president ; James Forbes, vice president : R. S. Carscadden. cashier, and C. F. Stroman. assistant cashier. R. S. Carseadden became vice president before 1916 and C. F. Stroman, cashier. R. L. Brott was assistant cashier in 1918. In 1920. Joshua Cox remains president, R. S. Carscadden, vice president : E. S. Law- rence, cashier, and J. H. Krumbach, assistant cashier. H. W. Brott is a director and a vice president with R. S. Carscadden, also secretary of the American Trust Company. In 1918 this bank changed its name to American State Bank.
The following table tells the story of this bank's growth :
Comparative Statement of the Deposits Each Year Since Its Organization, June 5, 1905
May 19, 1906.
$ 89,110.61
May 25, 1907 131.309.18
May 14, 1908 142.414.09
May 22, 1909 204.907.57
May 11, 1910. 225,242.81
June 1, 1911 239.147.34
Ang. 31, 1911
270.517.09
Dec. 5, 1911
292.822.56
Mar. 16, 1912 328,223.20
June 14, 1912. 335,807.84
Aug. 16, 1920
770.936.88
FARMERS STATE BANK
The youngest member of the banking institutions of York is the Farmers State Bank, organized in 1916, with John Doran, formerly of Burwell, Neb .. as president ; S. A. Myers, vice president : A. C. Hubbell, cashier, and B. E. Doran, assistant cashier.
In 1920, John Doran remains as president, S. A. Myers and J. W. Myers are vice presidents and A. C. Hubbell. cashier, and the remaining directors are Charles P. Hildebrand and Jasper Lawrence.
The following statement shows the growth enjoyed by this bank :
August 16, 1920-By Call of the State Bureau of Banking Liabilities
Resources
Loans and Discounts. $239,560.16
Capital Stock. $ 30,000.00
Overdrafts
2.340.44
Surplus and Profits 6.631.05
Bonds 13,350.00
Deposits 194,972.44
Revenue Stamps. 73.40
Bills Payable 10.000.00
Furniture and Fixtures ... 5,300.00
Depositors Guarantee Fund 1.757.84
Expenses and Interest Paid 2,021.29
Cash and due from banks. . 30.713.04
$293,361.33
$293,361.33
749
HISTORY OF YORK COUNTY
OTHER BANKS IN THE COUNTY
Many of the other banks in the county have been somewhat covered in the notes made upon the historical development of the respective towns of the county. Both banks at Benedict and the First National at Bradshaw have been heretofore covered.
An interesting chapter of early banking history of the county was recited in the press of York, in May, 1889, concerning the incorporation of the first bank started at Bradshaw :
"The Bradshaw bank, at Bradshaw, has been incorporated with a capital, fully paid in, of $20,000. The incorporators and board of directors are W. M. Kerr, president ; G. W. Kirby, vice president; T. M. Shallenberger, cashier; John M. Ragan and Otto G. Smith. This bank will soon be one of the strongest financial institutions in the county. The president, Mr. Kerr, is one of the heavy capitalists of Hastings, and John M. Ragan, of the same place, is well known to our people. The cashier, T. M. Shallenberger, has been engaged in the banking business for the past six years at Bradshaw, and by his integrity and close attention to the demands and needs of his patrons has built up a well established and desirable class of custom. Mr. Shallenberger enjoys a personal acquaintance with nearly every man in the western portion of the county and by his genial and social disposition is enabled to count his friends by the hundred. The family of the Shallenbergers is one of suc- cessful business men. Six brothers are now in this state and all are actively engaged in the banking business. The four older brothers read law in their father's office at Toulon, Ill .. and fitted for the practice of law. One by one, they came west and to Bradshaw and from there branched out in the banking business. The four older brothers are now cashiers-T. M. at Bradshaw, Eugene at Elwood, Ashton at Alma, and Onslow at Imperial. Percy is also in the bank at Imperial as assistant and Herman at Bradshaw, in the same position. Eugene served during the Cleveland administration as postmaster at Bradshaw. The Adams County Bank at Hastings, one of the strongest financial institutions at Hastings, is more or less interested in all of the above banks, and, working together, they are enabled to materially assist each other at certain times. All are strictly honorable young men, who are bound to come to the front in the near future as the solid men of the state. The incident is a very rare one, six brothers, all engaged in one line of business and all successful in their business ventures. The Democrat wishes this illustrious family continued success in their undertakings and a bright business career in the rustling state of their adoption. Every one of the six is a rustler and they must reap the rustler's reward."
For many years Bradshaw had only one bank. In 1912 the Farmers State Bank of Bradshaw was organized, with J. M. Cox as president, C. II. Bedient, vice president, and F. R. Belleville was cashier in 1916. In 1920, B. F. Mincks is president, C. H. Bedient still vice president ; A. M. Strunk, cashier, and C. D. Mincks, assistant cashier.
Gresham has had the First National Bank since 1890: W. C. Norton, president ; R. E. Byers, vice president : S. C. Oaks, cashier; W. E. Norton, assistant cashier ; George R. Colton, Paul Dullum and R. S. Hirsch, directors. Noah Clem later became vice president and then president, W. N. Hylton was vice president. J. E. Hart succeeded Oaks as cashier.
1
750
HISTORY OF YORK COUNTY
In 1910 W. N. Hylton was president, R. S. Hirsch, vice president. J. E. Hart, cashier, and C. Il. Ryan, assistant cashier. Later. H. 1. Hylton became cashier, and in 1920 was vice president. E. B. Ilart and HI. E. Brown were assistant cashiers in 1916, and in 1920 11. E. Brown was cashier and J. E. Sperry, assistant cashier. W. N. Hylton was still president in 1920. C. E. Brown, H. E. Brown. A. L. Clem and B. K. Sperry were directors.
Gresham State Bank was organized in 1910. Its first officers were: A. F. Johnson, president ; J. T. Quigley, vice president : W. B. Thorp, cashier. Board of directors: W. M. Rasp. D. W. Rogers, Ole Olsen, Charles Neujahr, George Cook, J. T. Quigley, Adam Schmidt. W. B. Thorp, and A. F. Johnson. Succeeding presi- dents were H. A. Eyestone and S. A. Lindstrom. Succeeding vice president was A. A. Eklund. Succeeding cashiers have been George B. Campbell. S. R. Severn ; and David Jung.
The present directors and officers are: George Bond, Charles Neujahr, Herman Diers, Robert Heineka, S. A. Lindstrom, A. A. Eklund, David Jung, S. A. Lind- strom, president : A. A. Eklund, vice president : David Jung, cashier.
Statement of January 21, 1915, shows: Deposits, $71.838.57; loans, $58,137.46. In 1920: Loans, $171,801.44; deposits, $193,952.90.
The banks of Henderson have been mentioned at length in the notes on that town. The Bank of Henderson was organized in 1889 and for many years G. W. Friesen has been president. J. Friesen, Sr., and A. J. Friesen, vice presidents, the latter in 1920 still being vice president : P. L. Friesen, cashier, and P. P. Braun, assistant cashier.
The Farmers State Bank of Henderson, formerly the First National Bank, was organized in 1902. Its early officers were Jacob I. Kroeker, president; D. J. Kroeker, vice president : J. J. Kroeker, cashier, who now in 1920 is president ; A. Franz, for many years assistant cashier. J. J. Goossen is the present viee president and B. E. Nachtigal, cashier.
The Bank of Lushton, the Bank of Thayer, the Blue River Bank at MeCool and the Farmers and Traders Bank at Waco have been discussed in connection with the First National of York group.
The Farmers & Merchants Bank of MeCool was organized in 1904. In 1910 E. R. Lincoln was president, W. C. Smith, vice president ; W. W. Seng, eashier, and W. L. Seng, assistant cashier. In 1920. W. W. Seng was president, N. L. Seng, vice president, and W. L. Seng, cashier.
The Waco State Bank was organized in 1916 by II. M. Childs, as president ; J. B. Erwine, vice president, and V. A. Warfield, cashier. In 1920 F. O. Steffen was president and L. E. Cooper, cashier.
The Farmers & Traders Bank of Waco had been organized July 7. 1884, with J. Il. Sheeks as vice president, and then president. In 1885 Judge G. W. Post became president. C. O. Wilcox was the first cashier and W. L. White succeeded him. Following Judge Post. the presidents of this bank have been W. L. White. E. J. Wightman, and C. A. MeCloud. Its vice presidents following Sheeks have been : H. C. Smith, T. J. Kirby, E. J. Wightman, and Henry Stuhr. Succeeding White, cashiers have been E. L. Harris, D. W. Hoyt. L. R. Biekley, R. S. Carscad- den. L. J. Wilkins, and JJ. 11. Fisher, who died in January, 1921. The directors in 1920 were C. A. McCloud, president : T. J. Korby, vice president ; J. II. Fisher, cashier ; Robert Beckord, and R. R. Copsey.
151
IHISTORY OF YORK COUNTY
CONDITION OF YORK COUNTY BANKS-1917
AAs a means of comparison of the various banks of York County with each other. and making a survey of the banking field of the county, a table is hereto appended giving the condition of the banks of the county in 1917, and another giving their condition in 1920. This table somewhat reflects the effect of the agricultural mishaps of the county in not showing a better ratio of growth for these three years.
In Good Old York County
A summary of the condition of the national and state banks and trust companies of York County, Nebraska, at the time of the last call. The state banks under date of August 21, 1917, and the national banks September 11, 1917, show a deposit of nearly $7,000,000; loans of more than $5,000,000; cash on hand of $2,000,000; total resources, $8,000,000; an increase in the last eight months of nearly $2,000.000.
Cash on
Banks
Deposits
Loans
Hand
Resources
First Nat. Bank, York ... $1,781.394.06 $1,585,631.58 $
414,993.39 $2,282,528.11
City Nat. Bank, York. . ..
764.187.81
691,834.02
191,783.80
1,087,065.57
German-Am. Bank, York.
911.607.47
602.490.04
273.230.76
895.218.92 200,890.85
Farmers State Bank, York First State Savs. Bk., York First Trust Co., York. ... City Trust Co., York. .
104,596.87
154,656.52
5,046.50
159.704.02
20,081.93
40,000.00
7,369.90
12,391.41
German - American Trust Co., York.
25,300.00
4,691.05
30,691.05
First Nat. Bank, Benedict Farmers State Bank, Bene- dict
124,922.62
90,295.85
48,378.02
144,678.33
Blue River Bank, McCool
265,335.39
159,658.27
120,328.00
291.171.57
Farmers & Merchants Bank, McCool.
152,600.09
125,931.48
41,091.46
172,816.47
Farmers & Traders Bank, Waco
288,305.42
112.035.39
191,329.37
310,524.76
Waco State Bank, Waco .. First National Bank, Gresham
89,031.90
71,718.84
34,383.14
107,505.44
315,593.86
250,214.44
101,254.08
380,585.92
Gresham State Bank, Gresham
206,869.69
163.695.14
66,933.25
229,141.93
Bank of Henderson, Ilen- derson
287,988.67
254,150.99
59,369.77
316,938.64
Farmers State Bank, Hcn- derson
186,732.13
173,968.79
31,042.69
207,095.05
First National Bank. Brad- shaw
298,002.31
163.021.48
171,328.38
368,972.86
Farmers State Bank, Brad- shaw
165,323.38
87,007.75
92,437.27
186,114.88
146,798.12
156,928.96
35,253.40
98.048.56
110,964.78
5,026.16
116,063.12
392.134.27
204,827.29
172,572.63
149,759.37
752
HISTORY OF YORK COUNTY
Cash on
Banks Deposits
Loans
Hand
Resources
Bank of Thayer, Thayer .. 117,515.49
45,637.09
77,252.62
126.841.22
Bank of Lushton, Lushton
165,548.54
106,441.50
67,010.24
182,806.37
Total
$6,882,615.58 $5,376,473.20 $2,280,105.88 $8,394,865.86
December 21, 1916. 5,122,629.81
4,243,805.06
1,792,008.62
6,690,733.44
$1,659,985.77 $1,132,668.14 $ 488,097.26 $1,704,132.42
YORK COUNTY BANKS IN 1920
A summary of the condition of the national and state banks of York County, Nebraska, about July, 1920, showed the following status:
Banks
First National Bank, York.
Deposits $1,600,000
Loans $1,609,000
Cash, Etc. $281.000
City National Bank, York.
700,000
625,000
115,000
American State Bank York.
894,000
778,400
203,700
Farmers State Bank, York.
230,000
254,290
35,000
American Trust Co., York.
4,500
23,000
6,500
City Trust Co., York.
40,000
60,000
2,000
First Trust Co., York.
85,000
130,000
13.000
First State Savings Bank, York
111,000
124,900
9,320
Farmers State Bank, Benedict
127,000
118,470
20,790
First National Bank, Benedict
320,000
295,000
82,000
Farmers State Bank, Bradshaw.
125,000
110,000
30,000 30,020
First National Bank, Bradshaw
210,270
251,640
61,460
Gresham State Bank, Gresham
174,000
181,000
38,000
Bank of Henderson, Henderson
285,000
240,000
70,000
Farmers State Bank, Henderson
190,000
185,000
40,000
Bank of Lushton, Lushton.
142,120
139.340
21,370
Blue River Bank, McCool Junetion
217,480
209,000
40,000
Farmers & Merchants, McCool.
150,000
125,000
43,000
Bank of Thayer, Thayer
99,270
85,830
20,520
Farmers & Traders Bank, Waco.
190,000
169,000
42,000
Waco State Bank, Waco
140,000
110,000
35,000
First National Bank, Gresham
289,380
351,150
Increase
York County bankers took advantage of the presence of the Liberty Bond drive managers in 1918 and organized the York County Bankers' Association. The fol- lowing officers of the association were elected for the first year : J. E. Hart, York, president ; Jarvis Yates, Bradshaw, vice president; E. S. Lawrence, York, secretary and treasurer.
The executive committee is composed of B. B. Crownover of Benedict, W. W. Seng of McCool and P. J. Friesen of Henderson.
CHAPTER XVII
THE PRESS OF YORK COUNTY
THE LOCAL NEWSPAPER-THE EARLY NEWSPAPERS-THE REPUBLICAN-THE TRIBUNE -TIIE DEMOCRAT-THE TIMES-THE NEWS-TIMES-THIE NEW TELLER-OTHER PAPERS IN THE COUNTY-LAZY MAN'S CORNER-WHAT'S IN A NAME ?- OLD-TIME PRESS RAILERY-THE DAILY SQUAWKER.
THE LOCAL NEWSPAPER
No adequate historical review of any subdivision of American government or territory can be compiled without very extensive aid from the newspapers of the particular territory. History is formed from the actions of the people of the com- munity, day by day, and it falls to the lot of the local newspaper to record this history as it is developed, and to do so while the facts and circumstances are fresh in everyone's minds. Therefore, not only should extensive reference and valuable reliance be placed upon the press of York County, but the following tribute can be appropriately paid to that important institution of the county's life in opening this chapter. The following is taken from the Union (N. Y.) Newspaper Dispatch, published therein in 1920:
"There are three most potent factors in the life, growth and development of a community. They are the church, the school and the newspaper, and this is in the order of importance.
"It is not our purpose here to eulogize.
"We will pass over the first two of these factors and perhaps treat of them later. If the churches were thrown out of this community no self-respecting person could stay here. With all our material prosperity we would soon drop back to conditions such as ancient Rome witnessed. And if the school were discontinued material progress would also stop and we would sink beyond redemption.
"The church is a public institution and is supported by voluntary contributions. The school is also a public institution and is supported by the state through taxation. The newspaper is a semi-public institution, but receives no public support. It has to earn its livelihood through the regular channels of competitive business.
"It is of the newspaper that we wish now to speak.
"If all the newspapers and other periodicals were discontinued today the effect would be somewhat similar to a mighty plague sweeping over the land. Darkness would creep in, the darkness of intellect as people would remain in ignorance of the happenings in localities only a few miles distant. Business would slow down, and telegraph communication would soon fall into disuse because no stimulus would come from the newspapers. Even the post-office receipts would dwindle, for much of its revenue comes in direct response to advertising.
753
:54
HISTORY OF YORK COUNTY
"The newspaper is the third great agency in the advancement of civilization, yet it is underestimated more often than the first two. It is too often treated as merely a business proposition. Few people seem ever to get the vision that the true-blue editor has of using business to advance the interests of a whole community. The preacher has one job-to preach ; the teacher has one job-to teach ; but the editor, if he be true, has a triple job, and that is to teach and preach, and hardest of all. and with it all. too, to meet his weekly payroll, pay the other costs of production, and try to get a comfortable living-and we all have a right to that.
"Omitting the church and the school we can make claim without exaggeration that a true newspaper is of more real importance, does more good with less money, gives more for less money, than any other business in a community. It is true that some will point to the large industries that flourish in the community and say that those concerns with their big payrolls form the life of the community. This we answer is only apparently so. This appears to be so from a superficial materialistie survey of the field. But the life is more than the food and clothing. The big indus- trial plants deal in wealth that is produced by labor, but the newspaper, besides dealing in news, deals in bigger things-thoughts."
THE PRESS
The story of the press is that of civilization. Its history is that of the locality in which it is situated. It is the antiquarian, the historian, and the prophet. It makes or unmakes parties ; establishes or destroys reputations ; perpetuates, or by its sin of omission. allows to perish, the records of the day. What. then. can be more interest- ing than a history of the press itself-a history of histories? And when, as is the case with the newspaper press of York County. this history extends back to a period almost preceding the civilization of the locality ; when it ahnost antedates the days of the generation and touches upon the lives and actions of those who established the community, their social doings and business pursuits. then is it necessarily of a historical interest, second to nothing which can be written. It is to be regretted that space will not permit of a more extended collation of extracts, touching upon the origin or the foundation of the things that exist today, the objection to such a presentation being that it would necessarily involve repetition of much of the early history of the city and county treated of in possibly a more appropriate place.
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