USA > Ohio > Franklin County > Columbus > Columbus, Ohio: its history, resources, and progress : with numerous illustrations > Part 42
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Pursuant to the call a very large meeting was held in the room in the City Hall building, set apart by the city council, on the motion of Luther Donaldson, for the use of a board of trade. At the time designated in the call, the meeting was called to order by Jacob H. Studer, on whose motion John L. Gill, the oldest and the largest manufacturer in Columbus, was made temporary chairman; Jacob H. Studer acted as tem- porary secretary.
The following prominent business men were appointed to draft a certificate of incorporation, a constitution, and by-laws :
536
ADVERTISEMENTS.
RANDALL & ASTON, PUBLISHERS, AND WHOLESALE AND RETAIL
BOOKSELLERS AND STATIONERS 109 SOUTH HIGH STREET, COLUMBUS, OHIO.
B
STATIONERY
DOKS &
RICHES. SO
WE MAKE SPECIALTIES OF
BOOKS, Paper Hangings for your Homes, Offices, Stores, Churches, and Sun- day-School Rooms.
FRESCO DECORATIVE PAPERS,
Quite as pretty as the genuine fresco, more durable, and at one-third the cost.
SUNDAY SCHOOL BOOKS And requisites, at New York, Philadel- phia, and Cincinnati Prices.
SAVING FREIGHTS TO PURCHASERS.
BLANK BOOKS
ON HAND AND MADE TO ORDER.
PICTURES OF ALL KINDS. Picture Frames and Moldings.
Frames made to order. Window Cornices in all styles.
Ladies' Fine Stationery; Wedding Cards, at Eastern Prices.
And anything you need to make your homes attractive, may be found in our Store.
FINE BRONZE STATUARY,
RODGERS' CELEBRATED GROUPS ;
"Egypt, Sinai, and the Holy Land ;"
Our Mr. Randall's Travels in the East.
85,000 copies have been sold, and a new edition will soon be issued. This Work sells as rapidly now as it did when first published, and everybody should read it. Send orders to RANDALL & ASTON.
537
COMMERCIAL INSTITUTIONS.
Messrs. David W. Brooks, S. S. Rickly, T. Ewing Miller, C. P. L. Butler, and R. C. Hoffman.
By request, ex-Governor Dennison delivered a masterly ex tempore speech on the great advantages Columbus would derive from a well-organized and efficient board of trade in developing her vast resources and assisting in her onward progress toward greatness, wealth, and prosperity. The address was listened to with marked attention and deep interest.
At the conclusion of Governor Dennison's remarks, the com- mittee having that subject in charge produced a certificate of incorporation which embodied the following :
The objects of said association are to promote integrity and good faith, just and equitable principles of business; to discover and arrest abuses; to establish and maintain uniformity in commercial usages ; to acquire. pre- serve, and disseminate valuable business statistics and information ; to prevent or adjust controversies and misunderstandings which may arise between persons engaged in trade, and generally to foster, protect, and ad- vance the commercial, mercantile, and manufacturing interests of the city, in conformity with an act of the general assembly of the State of Onio, entitled, "An act to authorize the incorporation of boards of trade and chambers of commerce," passed April 3, A. D. 1866.
On motion of C. P. L. Butler, it was decided that the initia- tion fee of each individual member should be ten dollars, and of each corporation or firm represented in the association should be fifteen dollars.
The committee on constitution and by-laws were, on motion of Governor Dennison, instructed to insert in the by-laws a provis- ion prohibiting the organization from contracting one dollar of debt for any purpose whatever.
The meeting then adjourned, to reassemble at 72 o'clock on the following Thursday evening.
At the adjourned meeting on Thursday evening, November 14, on motion of the acting temporary secretary, T. Ewing Miller, representing the largest mercantile firm in the city, was called to the chair. Mr. Brooks, from the committee on that subject, reported a constitution, which was amended and adopted. The committee also reported by-laws, which were subsequently amended and adopted.
A committee, consisting of Messrs. B. S. Brown, W. G. Desh- ler, R. C. Hoffman, Alexander Huston, D. W. Brooks, and E. T. Mithoff, was appointed to nominate candidates for officers of the board. The meeting adjourned to Thursday evening, Novem- ber 21, when the committee made the following report: For president, John L. Gill ; vice-presidents, T. Ewing Miller, Theo- dore Comstock, E. L. Hinman, D. S. Gray, W. B. Brooks, and H. Mithoff; secretary, H. M. Failing; treasurer, Joseph Falk- enbach. The report was accepted and the nominations con- firmed.
538
ADVERTISEMENTS.
JOHN LOYD, Sign, Banner, and Scenic Artist,
LOCATED IN THE NEW ATHENEUM, COLUMBUS, O.
To parties in provincial towns it is perhaps necessary to mention some of the qualifications of the above well-known Artists, but to those resident in Columbus and vicinity, a notice of this kind would be superfluous, as the merits of this Artist are well known to sur- pass all competition in his line. Professor Loyd is well known as an Artist, not only in Columbus, and other portions of the State of Ohio, but throughout the country, from the Atlantic to the Pacific ; his skillful brush has more than once elicited the loud- est praise, not only for skill, but for neatness and dispatch. As an Artist, Mr. Loyd has but few equals, no superiors. As a versatile artist, twenty-five years' manipulating with the brush, with what nature has done for him, and what he has gleaned throughout his diversified experience with other skillful artists, proves him to be an Artist of more than ordinary ability, and justly entitles him to the above encomiums; and more, a place in the front ranks. Mr. Loyd, as a Banner Painter, is not to be excelled, and is constantly turning off beautiful designs in that line, such as for Sunday Schools, Political and Secret Organizations. Mr. Loyd also justly prides himself that few Artists can excel him in Portraiture, either from life sittings, or from photographs of deceased parties, taken from life. Mr. Loyd would prefer to paint from life, but where such is not convenient, either from parties being deceased, infirm, or indis- posed, Mr. Loyd will guarantee a faithful portrait from a Photo- graph, by giving color of eyes, hair, etc. Work in Portraiture is particularly solicited, and in all cases perfect satisfaction guaran- teed. Mr. Loyd knows no such word as fail.
Communications sent through the Post-Office will be promptly attended to. Any design given by sending description in writing of what is wanted.
539
COMMERCIAL INSTITUTIONS.
The following are the committees of the Board of Trade of Columbus :
On Inspection-Wm. Monypeny, Wm. B. Hayden, Y. Ander- son, W. L. Hughes, Frank Hickox.
On Reference-John Greenleaf, Isaac Eberly, P. W. Hunt- 'ngton.
On Appeals-David W. Brooks, M. A. Daugherty, J. M. West- water, Theodore H. Butler, L. Hoster.
Floor Committee-George W. Sinks, H. Brown, Charles L. Osborn.
Daily meetings of the Board of Trade were appointed to be held between 11:30 A. M. and 1 P. M .; the rooms of the board to be open from 7 P. M. till 10 p. M.
BANKING INSTITUTIONS.
THE CLINTON BANK OF COLUMBUS .- This bank was chartered by the Ohio legislature at the session of 1833-34. In October, 1834, the first board of directors was elected, and consisted of William Neil, Christopher Neiswanger, David W. Deshler, De- mas Adams, John Patterson, Jesse Stone, Noah H. Swayne, Joseph Ridgway, Bela Latham, William S. Sullivant, William Miner, O. W. Sherwood, and Nathaniel Medbury.
The bank commenced business in November following. Wm. Neil was the first president of the bank, and John Delafield, Jr., cashier. Mr. Neil continued president until January, 1846, when he was succeeded by William S. Sullivant, who remained president until the expiration of the charter, in January, 1854. Mr. Delafield was succeeded as cashier, in January, 1838, by John E. Jeffords, who, dying in April, 1842, was succeeded by David W. Deshler. The latter continued to act as cashier until the charter expired. The capital stock of the bank was $300,000. The circulation averaged about $600,000. As capital was scarce in the West at that early day, a large part of the stock was taken and held for many years in New York city, and in Lon- don, England.
Though located in Columbus, the bank did a very large dis- count and deposit business for Central Ohio, the business men therein, keeping bank accounts the same as did Columbus mer- chants. There being at that date but few banks, in the fast- growing " West," the demands for discounts from the States west of Ohio were so great that, for many years, the business of the bank, as to discounts, was much larger beyond than within the limits of the State of Ohio itself.
The bank was closely connected with the great stage firm of "Neil, Moore & Co.," afterward known as " The Ohio Stage Company," whose business, in the transportation of passengers
540
ADVERTISEMENTS.
CHARLES HUSTON, WHOLESALE AND RETAIL DRUGGIST, NEXT DOOR TO THE POST OFFICE. Fine Imported Cigars a Specialty.
T. MOSURE & SON,
-
DEALERS IN
Oval and Square Frames,
Of all Sizes and Styles.
-- -
RICHES
FROM LIFE, OR COPIED.
AND OIL PICTURES,
WATER COLOR, INDIA INK,
SPECIALTIES :
No. 4 Post Office Arcade, Columbus, Ohio.
W. RICHES,
Wood Seal Engraver, 95 and 97 South High Street, Columbus, O.
Views of Buildings, Machinery, and Stoves, Monograms, Autographs, Portraits, Seals, etc. Particular Attention giren to Engravings of Machin - ery, and all work requiring Elaborate detail. Orders by mail promptly attended to. Paper Headings, Catalogue and Book Illustrations, Tinted Envelopes and Posters, Engravings made from Photographs, Pencil Sketches, Models, etc. Designs and information given on application by mail or otherwise.
N. B. The Cuts for this work were made by Riches.
J.MOSER Architect Fresco AND Ptr.
Riches.fc
COLUMBUS DEI
541
COMMERCIAL INSTITUTIONS.
and the United States mails, extended throughout the country west of the Ohio river, keeping pace with the constant west- ward advance of population. The connection was one of great profit, both to the bank and the stage company. The bank furnished, timely and cheap, the capital required by the yearly increasing business of the company, and the company afforded a wide field for the circulation of the bank throughout the great area of country traversed by its lines.
For a long time the bank was the only United States depos- itary, north and west of the Ohio river. It disbursed for the government all moneys used in the construction of the Na- tional Road (sometimes called the " Henry Clay Road ") west of Wheeling, and also all funds required for mail service, for the United States courts, and for many of the distant western mili- tary posts. The receipts of many of the western land-offices were brought to the bank. This being long before the day of railroads and express companies, the handling of government funds (being silver and gold-mostly silver) was laborious and hazardous. It may not be out of place to note that the public money received at the land-office, at the then village of Chicago, was hauled in wagons, under guard, to the bank.
For many years the bank did a large business in the State of Ohio, collecting and disbursing many millions of dollars during times of financial disaster, peculation, and defalcation.
The bank aided greatly in establishing the State Bank of Ohio. For a number of years it owned several of the branches- D. W. Deshler, its president, being at one time president of two branches. During its existence of twenty years, from 1834 to 1854, many financial storms swept over the land, wrecking cor- porations, prostrating business firms, and impairing public credit. When suspicion and doubt pervaded the whole business atmosphere; when what had value to-day was worthless to- morrow ; when protest was hopeless bankruptcy ; when defalca- tion and fraud abounded ; when credit was but a bursting bubble; in times so full of disaster, it required both nerve and judgment on the part of bank managers to weather the many storms. The Clinton Bank kept on its course; meeting losses-at times deserted by friends-doubts as to its solvency in the public mind- its stockholders alarmed; yet its officers, equal to the task, brought it through to the end of its charter. It was one of the very few banks which did not suspend specie payments. The bank was of great use to the public, and profitable to its stock- holders. It was succeeded by the " Clinton Bank," a private firm.
542
ADVERTISEMENTS.
THE OHIO STATE JOURNAL.
PAILY, TRI-WEEKLY, AND WEEKLY. Established 1811. COMLY & SMITH, Publishers. JAMES M. COMLY, Editor, Columbus, O. TERMS OF SUBSCRIPTION. DAILY.
By Mail, in Advance.
One Year $9 00
Six Months.
4 50
Three Months
2 25
One Month 80
Delivered by Carrier, per Week.
20
Delivered by Carrier, per Month
90
WEEKLY.
By Mail, in Advance.
One Year
$1 50 | Six Months .... .75 Cents.
CLUBS.
In Clubs of Ten $1 25 each. In Clubs of Twenty. .... $1 00 each.
Andan extra copy to getter up of Club.
To those desiring a paper tri-weekly, the daily will be sent Tuesdays, Thursdays and Satur- days, at the following rates :
One Year.
$4 50 Three Months
$1 15
Six Months .. 2 25 - One Month 40
The above prices are invariable. Remit at our risk, in Drafts or Post Office Money Orders, and where neither of these can be procured, send the money in a Registered Letter.
RATES OF ADVERTISING.
DAILY.
Ordinary Advertisements per Inch. Twelve lines Nonpariel Solid make an Inch.
day
$ 75 - 1 month
$8 00
3 days
2 00
3 months. 16 00
1 week
3 50 1
6 months 24 00
2 weeks.
6 00
1 year.
40 00
WEEKLY.
1 insertion
00
3 months $ 9 00
2 insertions
1 75
6 months
17 00
1 month
00
1 year. 30 00
Twenty-two and one-half inches make a Column.
CE JOB PRINTING5
The Steam Job Printing Establishment connected with the Ohio State Journal is one of the best appointed in the State, and is particularly noted for its
Fine Show Work, and Mercantile, Railroad, and Commercial Printing.
543
COMMERCIAL INSTITUTIONS.
THE STATE BANK OF OHIO.
The State Bank of Ohio, with forty-four branches, and an aggregate capital of $4,500,000, was organized under a general banking law passed by the legislature, February 24, 1845. Soon after the passage of this law, books were opened in Columbus, and the requisite amount of stock subscribed for three new banks, the Exchange and the Franklin Bank (both branches of the State Bank), and the City Bank, based upon State stocks. Before the expiration of the charter of the State Bank, May 1, 1866, its branches in this city had been merged in national banks.
THE FRANKLIN BANK .- This bank went into operation on the first of July, 1845, as a branch of the State Bank of Ohio. Its capital was $175,000. Its first board of directors were Gus- tavus Swan, Samuel Parsons, George M. Parsons, Wray Thomas, and Thomas Wood. Its first president was Samuel Parsons, and its first cashier, James Espy. In January, 1865, it was merged into the Franklin National Bank of Columbus.
THE CITY BANK .- The City Bank of Columbus went into operation in 1845, under a provision of the general banking law passed in February of that year, which authorized independent banks, with securities in the shape of State stocks, deposited with the treasurer of state. The City Bank was located in the same building as the Columbus Insurance Company, chartered by the legislature in 1832-33. To a greater extent, the stock- holders in one institution were also stockholders in the other, and so also with the directors of each. As a natural consequence the business of the two became intermixed.
The first president of the bank was Joel Buttles, who con- tinued such till his death, in the summer of 1850. He was suc- ceeded by Robert W. McCoy, so long president of the city council. Mr. McCoy was president of the bank at the time of his death in January, 1856. Thomas Moodie was cashier of the bank during its entire existence.
Both the bank and the insurance company at length failed ; the latter in 1851, and the bank in November, 1854, when it suspended and closed its doors. The notes of the bank in cir- culation at the time of its failure, being secured by the deposit of State stocks, were ultimately redeemed by the State.
THE EXCHANGE BANK .- This bank went into operation on the 24th of May, 1845, as a branch of the State Bank of Ohio. Its capital was $125,000. Its first board of directors were : William B. Hubbard, D. T. Woodbury, Edwards Pierrepont, O. Follett, and Peter Hayden. William B. Hubbard was its first president, and H. M. Hubbard its first cashier. In December, 1864, it was merged in the First National Exchange Bank of Columbus.
544
ADVERTISEMENTS.
JOHN STUDER,
PROPRIETOR LIVERY, BOARDING, AND SALE STABLES,
West Walnut Alley, rear of Opera House Block, Columbus; O.
Special attention given to boarding Horses.
Barouches, Carriages, and Buggies, for family and other uses, supplied on short notice.
H. FITCH & SON,
GRAIN
FORWARDING AND COMMISSION MERCHANTS, COLUMBUS, OHIO.
A. CARLISLE,
DEALER IN ALL KINDS OF
LUMBER, DOORS, BLINDS, AND SASH.
Office': 112 East Rich Street, Columbus, O.
Joseph Gundersheimer, DEALER IN MERCHANT TAILORINGS, READY-MADE CLOTHING, AND GENTS' FURNISHING GOODS, 81 and 83 High Street,
American House Building.
COLUMBUS, OHIO.
545
COMMERCIAL INSTITUTIONS.
THE NATIONAL BANKS.
The war of the rebellion, whatever else it did or failed to do, brought about a revolution in the paper circulating medium of the country, superseding the notes of banks established by State authority by the notes of national banks established by au- thority of Congress. As in other cities and states, the State banks in this city and state, when the national banking system became fully established, either went out of existence, or were reorganized and went into operation under that system.
FIRST NATIONAL BANK OF COLUMBUS.
CIGARS!
RICHES SC
FIRST NATIONAL EXCHANGE BANK OF COLUMBUS .- This was the first national bank established in this city. It was organ- ized on the 7th of December, 1863. Peter Ambos is its presi- dent, and Theodore Gordon its cashier. The directors are Peter Ambos, Wm. Monypeny, E. T. Mithoff, W. B. Brooks, and D. A. Randall.
546
ADVERTISEMENTS.
A. B. STEVENSON.
C. F. GLOCK.
ANTONE RUIIL.
STEVENSON, GLOCK & CO.
65 and 67 South High Street,
Opposite the State House, Ambos Building,
WHOLESALE DEALERS IN
CONFECTIONS, FRUITS, TOYS,
Oysters, fish, and Game.
Connected with our Extensive Rooms, are
FINE LADIES' AND GENTLEMEN'S RESTAURANTS,
Which are Open Day and Night.
REy" Meals and all the delicacies of the season served at all hours. Weddings, Private Parties, etc., at home or abroad, supplied at short notice.
Ambos Hall, one of the finest Halls in the City, for Dancing or Social Parties, is con- nected with our House.
547
COMMERCIAL INSTITUTIONS.
THE NATIONAL EXCHANGE BANK OF COLUMBUS .- This was the second national bank organized in this city. It was es- tablished in December, 1864. The di- rectors are Wm. Dennison, Wm. A. Platt, Wm. B. Hawkes, and James S Abbott. Wm. G. Deshler is president ' C. J. Hardy, cashier; Geo. W. Sinks. teller; Wm. K. Deshler, book-keeper. and John G. Deshler, Jr., assistant.
This bank is the only United States de- positary in Columbus.
FRANKLIN NATIONAL BANK OF COLUM- BUS .- This is the third national bank or- ganized in this city. It was established in January, 1865. John G. Deshler is the president ; David Overdier, cashier ; and C. B. Stewart, teller. The directors are W. G. Deshler, J. G. Deshler, W Failing, P. W. Huntington, James L Bates, and Richard Cowling.
NATIONAL BANK STATISTICS .- The fol- lowing is a summary of the statistics of the three national banks of this city :
U.S
NATIONAL EXCHANGE BANK
EXCHANGE BANK
FRANKLININSURANCEC
RICHES
Their deposits for 1872 amounted to $12,279,666.60.
The sums discounted during the same period amounted to $10,700,000.
The aggregate capital of the three banks is $650,000, and their united circulation is $585,000.
PRIVATE BANKERS.
There are in Columbus nine private banking-houses, doing a large and extended business, as the annexed statistics show. In connection with their operations in the line of deposit and dis- count, they sell passage tickets to and from foreign countries, buy and sell gold, bonds, and other " gilt-edged " paper. As a general thing, money can be obtained here at as low a rate on good paper as in other cities. The following firms represent the private banking interest and business of this city :
BARTLIT & SMITH .- This house was established in 1850. Its present proprietors are John F. Bartlet and Benjamin E. Smith. William Ferson is cashier, and William C. Faxon, teller.
MILLER & DONALDSON .- This banking-house was established in 1854. John Miller and Luther Donaldson constitute the
548
ADVERTISEMENTS.
ROBERT W. LINEN,
FASHIONABLE
Merchant
Tailor,
No. 17 SOUTH HIGH STREET,
Opposite State House, and a few doors north of the Neil House,
COLUMBUS, O.
549
COMMERCIAL INSTITUTIONS.
firm. The teller is James F. Kelley, and the book-keeper, L. Donaldson, Jr.
RICKLY'S BANK .- This house was established in August, 1857, by J. J. and S. S. Rickly. The latter became sole proprietor, April 14, 1870. The cashier is Ralph R. Rickly.
THE CENTRAL BANK .- This house was established in January, 1863. The proprietors are Ide, Bailey & Co. The officers are Dr. W. E. Ide, president; N. Sclee, vice-president, and L. C. Bailey, cashier.
P. W. HUNTINGTON'S BANK .- This house was established Jan- uary 1, 1866, by P. W. Huntington and David W. Deshler. On the death of the latter, August 1, 1869, Mr. P. W. Huntington became sole proprietor.
P. HAYDEN & Co .- This banking-house was established in 1867. Its proprietors are Peter Hayden and Wm. D. Hayden. Edward K. Stewart is the cashier, and Robert C. Hull, general book-keeper.
REINHARD & Co .- This banking-house was established May 6, 1868. The proprietors are Jacob Reinhard, F. Fieser, and Jo- seph Falkenbach. The officers are Jacob Reinhard, president ; F. Fieser, vice-president; Joseph Falkenbach, cashier, and John Reinhard, teller.
WHOLESAL
BRUSHES, SIEVES.
CESSIONS BLOCK.
TRUNK FACTOR
RIDDLES SCREENS &C.
CARPETBAGS&VALISES
AT-WHOLESALE.
RidSE'S
SESSIONS' BLOCK .- This beautiful and imposing building is located on the southeast corner of High and Long streets. It has a frontage on High street of sixty-two and one-half feet, ex-
550
ADVERTISEMENTS.
J. F. CORDRAY,
MANUFACTURER OF
Fine Gold Jewelry
OF EVERY DESCRIPTION.
SCRIPT AND MONOGRAM ENGRAVING.
iamonds & other Precious Stones Mounted to order.
GENUINE AND IMITATION STONES CONSTANTLY ON HAND.
OFFICE, 8 EAST BROAD ST.
Factory, over Archer, Strayer & Co.
551
COMMERCIAL INSTITUTIONS.
tending back on Long street one hundred and twenty-five feet ; is four stories high, built of brick, with Corinthian iron columns and window-caps. It is a counterpart of Gill's building on the south, making a block 125 by 125 feet, and is generally consid- ered one of the most substantial blocks in the city. It was built in 1868, at a cost of about $40,000. R. T. Brooks was the archi- tect ; Wm. Voswinkle, contractor for brick work; Wm. McDonald & Co., for the iron work, and C. Lawson, for the carpenter work.
The lower stories are fifteen feet high and one hundred and twenty-five feet deep. The rooms are occupied by the Commer- cial Bank, of which F. C. Sessions, Esq., is president; Symmes E. Brown, dealer in hats, caps, and furs; Vandegriff & Webster, trunk factory ; Thomas Lough, brush factory, and Steinbarger, Aldrich & Co., boot and shoe factory.
COMMERCIAL BANK .- This house was established in April, 1869. The proprietors are Sessions, Johnson & Co. The officers are F. C. Sessions, president; Orange Johnson, vice-president ; J. A. Jeffrey, cashier, and Wm. H. Alberry, teller.
HINES, TAYLOR & Co .- This banking-house was established October 1, 1869. The proprietors are O. P. Hines, David Tay- lor, David W. Brooks, and James M. Walker. O. P. Hines is president.
STATISTICS OF PRIVATE BANKING .- The capital and deposits in the private banks of Columbus for 1872 amounted to $18,766,030.96. The sums discounted in the same banks during 1872 amounted to $13,199,758.57.
THE CLEARING-HOUSE .- Just before the close of 1872, the banks of the city organized a clearing-house association, in order to avoid the complications attendant on the daily exchange of checks under the former cumbrous system. The officers of the association are T. P. Gordon, president; P. W. Huntington, vice-president; Joseph Falkenbach, George W. Sinks, and Jo- seph A. Jeffrey, managing committee; Henry M. Failing, man- ager. The clearing-house is located at the board of trade rooms in the City Hall. Such institutions have been found highly ad- vantagcous to business men in other cities ; this will doubtless prove to be so in Columbus. It is one of the good results of the organization of a board of trade in our city.
BUILDING LOAN ASSOCIATIONS.
There are in this city nine building and loan associations. The object of the organizations is to raise money from members and stockholders, and receive deposits to be loaned among the members and depositors for use in buying lots or houses, or for other purposes.
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