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i Tu- asm ■?— " n ' i B M B M il^ ^ S M iW E E m B ^ B iE liE ia ^ ^ ô ^ ô im iô ô îïZ rîT fT E riZ rô T fT t M : ■ 8H '&MMX^MXSÆI^MÂ^JàMEÆMÂTààÆÆM^ÂÀAAJkà,Â:ÂÀM:A  A   À àM .i>U m s AWmMM Thirty-Second Annual Convention South Dakota Bankers’ Association li II s i fe [B ! h SIOUX FALLS, SOUTH DAKOTA i JUNE 28-29, 1916 » ml m fe 1fe fe ç i ^ f T T f T r t x r r r r r f T T T T T T T T T T ’r r i ^ T f T T n T f ■ n rrn T tY T Y fT r r r f^ Y T fr T t r r f t i. ■ fe: i i ¡M in 1 >J l f e | y g &ag& t u v / : \ l i t r f ^ f T r r r y f f T y ~ 'f T T w r f w y r f 'f T T f^ i ^ f w r r r r T r r r f T i ry . ^ f f T T f r m https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis THE MERCHANTS NATIONAL BANK CEDAR R e so u r c e s RAPI DS, - - I OWA $ 9 ,0 0 0 ,0 0 0 OFFICERS JOHN T. HAMILTON, President P. C. FRICK, Vice-President JAMES E. HAMILTON, Vice-President EDWIN H. FURROW, Cashier H. N. BOYSON, Ass’t Cashier ROY C. FOLSOM, Ass’t Cashier MARK J. MYERS, Ass’t Cashier A Live Commercial Institution Offering Superior Equipment and Facilities for the Han dling of Bank Accounts https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ¡I SOUTH DAKOTA BANKERS* SECTION )( 32nd A N N U A L CONVENTION ¡I Sioux Falls, So. Dak. June 28 ■29, 1916 f| The Financial Growth of Sioux Falls By C. E. McKinney When the members of 1886 .............. $ 410,000 This interesting and remarkable story of the financial the South Dakota Bank 1896 ............... 543,000 growth and development of Sioux Falls, S. D., by C. E. ers’ Association assemble McKinney, president of the Sioux Falls National Bank, is 1906 ............... 2,800,000 but another indication that this prosperous city is in the in Sioux Falls on June 1916 ............... 10,000,000 center of the garden spot of the world. Mr. McKinney be 28th and 29th for their an As Sioux Falls claims a lieves it will not be long until Sioux Falls will have a popu nual convention, they will population of only about lation of 50,000. be guests of one of the 25,000 the volume of bank most prosperous cities of its size, in the United States. clearings and of deposits is regarded as a fine showing It is expected the coming convention will be the best —much better than can be made by many cities in the attended and the most interest United States, with two or ing ever held by the association. three times the population of A fine program has been pre Sioux Falls. pared, and the bankers of Sioux The staffs of all the Sioux Falls and other residents have Falls banks are men who keep provided elaborate entertain in close touch with the other ment for the visiting bankers business interests of their city during such times as business and the state of South Dakota, sessions of the convention are and their liberal treatment of not being held. the home builders of the city, Sioux Falls has made rapid in furnishing the necessary growth during the past ten funds, has enabled the citizens years, especially, and the de of Sioux Falls to erect from velopment of the banking re two to three hundred new sources of the city during that dwelling houses each year for period has been wonderful. The a number of years past, and; banks of the city now are the building record promises to among the solid banking insti break all former records during tutions of the great Northwest, the coming years. and their deposits and volume The business interests of the of business are increasing day city also have been greatly by day, and month by month, benefited by the liberality of the increase in many respects the banking institutions in ad-] being phenomenal. vancing needed capital for bet The great increase in bank terments and enlargements] clearings in Sioux Falls during with the result that Sioux Fallé the past ten years, gives an ink today is one of the leading ling of the wonderful develop business centers of the North* ment of the banking interests west and is constantly growing of the city. Officials figures on rapidly, in a commercial way] bank clearings show this re Situated as it is, in the rich sult: Big Sioux Valley, the growth C. E. MCKINNEY Bank clearing of Sioux Falls of Sioux Falls during the com President Sioux Falls National Bank, and in 1905, $7,800,000. Bank clear the oldest hanker in Sioux Falls, S. D. ing years will, without doubt, ings of Sioux Falls for 1915, be as great as during the past $55,800,000. ten years, and it is expected it The bank deposits of the city also show a wonderful will not be many years until the city has a population increase. By ten year periods the growth of bank de of 40,000 or 50,000. posits is shown to be as follows: As the banks are keeping close pace with the de- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis THE NORTHWESTERN BANKER June, 1916 Mitiiimtitm niintiifiiiM iiiiittM m tiintnim ttinim m imim iim mm m titiiH iiHiiitttmiitttiiitimtiun iiii> iniH iiH iiiiiiiH iiiN iiiiiitiiiiiiuiiiM iiiu|iiiiim iiiiiiiiin iin iiiiiiitiiiiiiiiiiiiiiiiim iiiiiiiiiiiitiin iiiiiiiiw iiitiitiiiiiiiiiitiiiiiiiiiiH n H iiiiiiiu itn iiiiiitiiiiittH itiiiitin iitiiiiiiin iiiin iiin H n iiiitiiitiiiiiiiitin iiiitn !iiiiu iiiiiiiitiitiiH iiiiiiiiiiiiiiii South D akotas “Livest B ank" mi T he S ioux F alls S avings B ank 4iiiiiiiiiim iiin iiiiiiim H iiiiiiiiiiH iiiiM iiiiiH iiiiiiiiiiM iiiiiiiiiiiiiH iiiM iiii|iiiiiii!iiiiiiiiriiitiiiiiiiiiiiiiiiiiim iiiiiiitiiiiii!iM iiii!iiiiiiiiiiiiiiiiiM iiiiiiiiiiiiiiiiitiiiiiin iiiiiiiiiiiiiitiiiiiiiiiiiiiiiiiiiiiiiim iiiiiiiiiiiip ,:>iii c i’iiiiiiiiiiiiiiiiiiiiiiin iiiiiiim iiiiiin iiiiiiiiiiiiiiiiiiittitiiiiiiiiiiiiiiiiiiitiiiitiiiiitiiiiiiiiiiiiH SIOUX FALLS, SOUTH DAKOTA ■ CA PITA L D E PO SIT S $ 200,000.00 Over 3,000,0 0 0 .0 0 ( D e p o sits G uaranteed ) The Bank of ervic, Security and S Satisfaction The Banking Service rendered by this institution is high class—because our strength is unquestioned, our equipment is adequate, our location is conven ient, our staff is able, experienced, courteous and trustworthy, and D E P O S IT S G U A R A N T E E D . W e invite the A cco u n ts o f Banks and Bankers Send us your Farm Loans O F F IC E R S WILLIAM ONTJE'S ..................................... President JAS. B. LAMBERTSON.................................. Cashier C. H. ROSS ................................ .... Vice-President K. B. CRESSEY. ............... ..Assistant Cashier C. C. BRATRUD. ....................Vice-President F. A. FOSDICK.. i ..................Assistant Cashier L. D. MANCHESTER..................Vice-President R. L. HARRIS.. . . 7........... .................................. .Auditor I illllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllliw riuiiHiiniiniiiiiiininmmiinifimiiiniiiM iiiiiiM iiiiiiiiniiiiiiiiiliiiiiHiiliiiiiiiiiiiiiiuinniiimitiiiiiiiiiiiM iitiihiiinHiniiiniiiiiiiiiiiiiiiiiìiiiiiìtiHiiiiiHilhiiYiiiiiiiiiOiiiiiftiiM tiiiiitiOi https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis tiM iiiiim iiiiiim iiiiiiiM in iiiiitiiiiiM iiim iiiiiitiiiitiu iitm iiiiiiii iiiiiiiiiiiiiiiiiiim iiiiim iiiiiiim iijii June 1916 N. E. FRANKLIN 5 ' President South Dakota Bankers’ Association During the past year, N. E. Franklin, as president of the South'Dakota Bankers’ Associa tion, Jias administered its affairs in a most satisfactory manner. H îè.first banking con nection was as cashier of the American National Bank »-of !'Deadwood,; later becoming president of the First National Bank of the same; place, vwith which institution he has been identified for many years. In addition to being: pre$identiOfthe Fi^stiNational Bank, Mr. Franklin is also mayor ot Deadwood and president of; the Bear Butte "Valley Bank, Sturgis, North Dakota. : i V https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis THE 4 NORTHWESTERN BANKER June, 1916 riiiuiiii iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiHiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiitiiiiiiiiiiiiiuiiiiiituiiiiiiiiiiiiiiiiiiiiiiiiiiiiitiiiittiiiuiuiiini>i,£ velopment of the city, their development during the years to come will be as great as that of the city in 1 W ill A . B e a e l i Prnmftim j €@. | general, and, in this continued advancement, the bank ing institutions of Sioux Falls will be an important | PRINTERS, B IN D E R S & STATIONERS j factor. As the city has increased in population and business importance, the banking facilities have grown in pro COMPLETE BANK OUTFITTERS portion, increasing from three small institutions in 1880 to eight strong institutions in 1916. The oldest of the present banks and one of the oldest in the state, is the Sioux Falls National Bank, which was organized in 1882 by the present management. Our New Home Corner Phillips Avenue and Seventh Street I SIOUX FALLS, SOUTH DAKOTA f One of the largest and best equipped plants in the northwest I I You Are Cordially Invited to Visit Us During the Convention or at Any Time You Are in Sioux Falls. 5|,mt!lm „ T.............. ...................................................................................................m ini..... in..... . C IT IZ E N S N A T IO N A L B A N K W ATERTOW N. S. D. C apital and S u rp lu s $ 1 5 0 , 0 0 0 .0 0 O FFIC ER S W D . M O O R IS, P re s . A . M E L H A M , V .-P re s. L . T . M OO RIS, C ashier B E R T MORGAN. A s s 't C ash ier BIG ATTENDANCE EXPECTED AT SOUTH DAKOTA BANKERS’ CONVENTION JUNE 28TH AND 29TH. J. E. Platt, of Clark, secretary of the South Dakota Bankers’ Association was in Sioux Falls recently con ferring with James B. Lambertson, chairman of the convention committee, and other local bankers in con nection with the annual state convention, which is to be held June 28th and 29th. “These are going to be the biggest and best meetings the bankers have ever held in this state, ^ said Mr. Platt. You can be absolutely assured that Sioux Falls will entertain the largest convention of bankers this year that has ever convened in this state. Repre sentatives of the largest banking centers of the United States will attend this meeting. New York will fur nish quite a delegation; Chicago’s delegation expects to come to Sioux Falls in a special car of their own,, and the twin cities have likewise arranged for a special -car to accommodate banker representatives from those cities. There will also be representatives from several Iowa banking centers, including Sioux City, Des Moines, Davenport, Cedar Rapids, and Dubuque. I believe that we will have an attendance of no less than 600 to 800 people. A program of exceptional interest is being prepared by the committee. . One of the “headliners will be J. A. S. Pollard, cashier of the Ft. Madison Savings Bank, Ft. Madison, Iowa, the banker who is a silver-tongued orator, and enjoys a national reputation as a public speaker. We expect to have Joe Cannon, of Illinois, on the program, and no effort is being spared to make the program the very best.” DAKOTA TRUST & SAVINGS BANK, SIOUX FALLS, SOUTH DAKOTA MAKES CON STANT GAIN IN DEPOSITS. The Dakota Trust & Savings Bank of Sioux Falls, South Dakota makes a continued gain in deposits. A comparative statement issued by the bank shows that on May 1, 1913, the deposits amounted to $148,102.62; on May 1, 1914, $294,722.00; on May 1, 1915, $391,367.71 and on May 1, 1916, $661,852.49. The officers who have been instrumental in making the bank such a success are : W. C. Hollister, presi dent; O; A. Hayward, vice president; Tore Teigen, vice president; N. O. Monserud,, cashier and E. E. Olstad, assistant cashier. O u r N e w H om e Since Ja n u ary 1,1915 W e ex ten d to o u r c u sto m e rs e v e ry facility co n sisten t w ith so u n d b an k in g and w ith o u r large list o f direct c o rre sp o n d en ts and su p erio r eq u ip m en t, w e offer th em m any advantages. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T. O. Ramsland, of Faith, S. D., has purchased a half interest in the First State Bank of Grace City, N. D., and has taken charge of the institution as cashier. The Armour State Bank, Armour, S. D., has com pleted plans for the enlarging of their building, and when finished it will be a fine, up-to-date structure. THE June, 1916 NORTHWESTERN 5 BANKER Dakota Trust & Savings Bank SIOUX FALLS CAPITAL an d SURPLUS $105,000.00 Deposits in this Bank are GUARANTEED under the South Dakota Bank Guarantee Act iiiiüiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiniii fiiimmiiiiiiiiiiiiiiiiutiiiimiiiiiiiiiiiiii Entire State of Comparative Statement of South Dakota Deposits Handled Direct May 1, 1913 May 1, 1914 May 1, 1915 May 1, 1916 - Collections Receive Prom pt Personal A ttention iiiiiiim iiiiiiiM iiiiiiiiiiiiiiiiiiiiiiir i $148,102.62 294,722.00 301,367.71 661,852.40 uiiitim iiiiiiiiiiiu iiiim im iiiiiM iiiiiiiif T he policy o f this hank is to provide a prom pt, accurate Banking Service fo r all, and to combine liberal treatm ent with proper conservati sm A ccounts o f Banks, Bankers and Individuals solicited on reasonable term s. Correspondence and interviews invited. M ak e T h is B a n k Y ou r H e a d q u a r te r s W h ile At th e C o n v en tio n . OFFICERS W . C. HOLLISTER, President N. O. MONSERUD, Cashier TORE TEIGEN, Vice-President E. E. OLSTAD, Assistant Cashier O. A. HAYWARD, Vice-President DIRECTORS W . C. Hollister C. N. Searl https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis O. A. Hayward T ore Teigen N. O. Monserud G. T. Greeley E. E. Olstad Jno. T. Medin Carl Look W . H. Lyon Sam Fantle Frank C. Lewis 6 THE NORTHWESTERN JAS. B. LAMBERTSON, CASHIER OF THE SIOUX FALLS SAVINGS BANK IS BEING STRONGLY ENDORSED FOR PRESI DENT OF THE SOUTH DAKOTA BANKERS’ ASSOCIATION. Jas. B. Lambertson, better known to the bankers of South Dakota as “Jim,” and who was vice-president of JAS. B. LAMBERTSON Cashier Sioux Falls Savings Bank, Sioux Falls, S. D., and strongly endorsed by hun dreds of bankers throughout the state for the presidency of the State Association. Mr. Lambertson has always been an active and earnest worker for the advancement of the Association and would fill the office of presi dent with honor and credit to the organization. the South Dakota Bankers’ Association last year is being strongly endorsed for president of the South Dakota Bankers’ Association for 1916 and 1917. BANKER June, 1916 Mr. Lambertson^ received his early banking experi ence in Iowa and*came to Sioux Falls to accept the cashiership of the Sioux Falls Savings Bank, where his energy and progressive ideas have materially assisted in increasing, the deposits and prestige, of his insti tution. As a worker for any movement, which would benefit the members of the State Association, he can be counted on for doing his full share. In addition to Mr. Lambertson’s many business and executive quali fications which fit him to become president, he also has that rare personality which causes him to make friends and to keep them. His pleasant smile and warm hand-clasp are always appreciated by those with whom he comes in contact. SOUTH DAKOTA BANKERS’ ASSOCIATION IS OLDEST BANKERS’ ASSOCIATION IN AMERICA. It may seem strange that a state as young as South Dakota should have the oldest bankers’ association in the United States. It may be a surprise to members of other state associations. It may be a surprise to many members of the South Dakota Association. But never theless, South Dakota holds the distinction of possess ing the oldest Bankers’ association in the United States. This honor is shared, howevfer, with the state of North Dakota, owing to the fact that back in 1885, when the first annual convention-was held, North and South Dakota were combined as Dakota Territory, not.having been admitted as states. Secretary J. E. Platt, of the South Dakota Bankers’ Association has issued the following interesting state ment : ; “The South Dakota Bankers’ Association will hold its- thirty-second Annual Convention at Sioux Falls, June 28th and 29th. It may be a surprise to the sec retaries and officials of several state associations that this is the thirty-second annual convention, making this the oldest, association in the country. However, this is a fact, and the writer has in his possession a printed journal of the proceedings of the first conven tion, held at Aberdeen, Dakota, June 5, 1885. “I also have the printed journals of succeeding con ventions. The Second Annual Convention was held at Huron, Dakota, June. 23 and 24, 1886. This con vention was called to order by President D. W. Diggs. The, Executive council consisted of D. W. Diggs, H. M. McDonald, L. T. Graves, F. B. Gannon, Frank Drew, J. A. Trow, F. W. Rogers, George W. Fifield, South Dakota’s Leading BANK SUPPLY House E Q U IP P E D a n d CO NDUCTED fo r SERVICE Our L in e C overs E v er y th in g in B A N K S U P P L I E S . . OF SIOUX FALLS, S . DAK. S U P E R IO R S E R V IC E H IG H E S T Q U A L IT Y L O W E S T P R IC E S C O N S IS T E N T W e W a n t You to V isit Our P la n t D uring th e J u n e C on ven tion BROW N & SA EN G ER S IO U X F A L L S , https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis SO U TH DAKOTA S e c u r ity N ational B ank Capital and Surplus, $250,000.00 u n r iv a l l e d f a c i l i t i e s f o r t h e c o l l e c t io n OF SOUTH DAKOTA IT EM S THE ENTIRE STATE HANDLED DIRECT «r v in ,, M«;»™ W. E. STEVENS, President t^TIL !£ n iT4y,Cer.Pre.sident I0HN BARTON, Cashier v G. r Skwvlwc' v-‘C .dJent £. R. C. BOND, LOWE, Ass’t Ass’t Cashier Cashier RAY STEVENS, V icee£re,‘ President C. SOUTH DAKOTA’S LEADING BANK June, 1916 THE NORTHWESTERN BANKER iiiiiiiiiiniiiiiiiiiiiiiiiiniiiiiiiuiiniiiiiuiiiiiiiiiiiiiiiiniiiiiiiiiiiiniiiniiiiiiiiiiiiiiiiiiiiiiiiiniiiiiiiiiiiiiniiiiiiiiiiiiiiiiiiiiniiiiiiiiiiiiiiiiinim^ g,iniiiiiiiiiiiiniiiniiiiiiiiiiiiiiiiniiiiiiiiiiniiii[iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiiiniiniiiiiiiiiiiiiiiiiiiiiiiiiiiiii!iiiiini!iiiniiniiiiin!iiiiiiiiiiiiiiiiiiiiii!iiiiiniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiitiiiiiiiiii!iiiiiiiiiiii!iiiiiiiiiiiiiiiii!iiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiL'’^ HE =.................... ....................................................................................................................................................................................................................................................uni.....um.....iim iiim iiim m iium tim m m i'iiin ifiim m in iim iim tm iiiiim iiiiiiiiim m fm im iiiiitiim im m iirtiiim iim iim iii-^ = 3 3 9 3 1885 ESTABLISHED 1885 Minnehaha National B ank SIOUX FALLS, SOUTH DAKOTA UNITED STATES DEPO SITO RY afe , S Sound, Conservatively Progressive CAPITAL, - $ 100,000.00 SURPLUS AND PROFITS 91,000.00 DEPOSITS . . . . 1,600,000.00 you are cordially invited to make this bank your head quarters during the convention, and whenever you are in this city. W e are pleased to place the services of our modern quarters, telephones, or stenographer at your disposal. This bank is adequately equipped with facilities for handling the largest transactions with promptness and dispatch. The smallest accounts receive the same prompt personal ser vice and careful attention. All matters entrusted to us are given personal and prompt consideration, and are treated in a strictly confidential manner. OFFICERS W . L. BAKER, President PO R T E R P. PECK, V ice-President E. W . M U N S O N , V ice-President B. H. RE Q U A , Cashier C U R TIS BEECH, A sst. Cashier DIRECTORS W . L. BAKER B. H. RE QUA PORTER P. PECK MAX A. KUEHN JOE KIRBY J, N. WESTON S. G. TUTHILL F. W . TAYLOR E. W . MUNSON iiililiitllilltllllillitllitilliiltiiiiitlllilliiiiiiiiaiiiiiiiiiiiiiiiitiiiiiiitllliiiit ...............................................................................................................................................................................................................iiiiiiMiiiiiimiimftiiiiiiiiiiiiiiisimiiiiiiiiiiiiiiiiiiimiiiiitiiii https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8 THE NORTHWESTERN and E. Reiff. M. P. Beebe was treasurer, and Eugene Steere, secretary. “The writer guards these valuable journals very zealously, and when not out on exhibition, keeps them safely locked in fire-proof, and burglar-proof vaults.” BANKER June, 1916 Union County, and was established by W. Hoffman. The fall of 1872 saw the establishment of the fourth bank, in Yankton. This bank was established by P. P. Wintermute, slayer of the brilliant General Edwin Mc Cook, then secretary of the Territory. This unfortu nate affair occurred in the hall of the St. Charles Hotel at Yankton, at a meeting called by the citizens to con sider the proposition for the incoming of the Dakota Southern Railroad. This affair ended Mr. Wintermute’s career as a banker. He was tried, convicted, sentenced, and afterwards acquitted at a new trial in Vermillion. 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., who were succeeded by Edmunds & Sons. The fifth Dakota bank was established in the winter of 1872, as the First National Bank of Yankton. It was the first of its kind in the Territory, and was capi talized at $50,000.00. It was officered by the Hon. Moses K. Armstrong, as president, and also delegate to congress, and Mark M. Palmer as cashier. S. B. Coulson subsequently purchased the Palmer interest, J. E. PLATT Who for many years has been the popular and efficient secretary of the South Dakota Bankers’ Association. Mr. Platt is also pres ident of the Security Bank of Clark, S. D. These early journals containing the printed pro ceedings of the first and succeeding annual conventions, are Secretary Platt’s proof of the claim that the S. D. B. A. is the oldest Bankers’ association in the United States. Early Banking History. These old journals are further valuable in that they contain the early history of banking in South Dakota. Following is a brief history of the establishment of each of the first seven banks established in South Dakota. The first bank opened in Dakota was started in the fall of 1869, on Second Street in Yankton, by a young man twenty-three years of age, who was Mark M. Palmer. This first bank was started with a capital of $1,000. Mr. Palmer was assisted by Messrs. Frank and S. Drew. This was before the time of the railroad, which did not make its appearance until 1873. V. E. Prentice organized the second Dakota bank, which opened September 21, 1871, at Vermillion, under the title of the Clay County Bank (not incorporated.) Mr. Prentice was president and Henry Newton cashier. The third bank was established in the spring of 1872, at Elk Point. It went under the name of Bank of WILLIAM ONTJES President Sioux Falls Savings Bank, Sioux Falls, S. D. and the management passed into the hands of J. C. McVay, president, and C. E. Sanborn, cashier. The sixth bank came into existence in Sioux Falls, in the summer of 1873. John D. Cameron was the proprietor. He was succeeded by J. B. Young & Co., who were in turn succeeded by the First National Bank which failed in 1886. The seventh bank was started in 1875 in Bismarck, by Raymond Bros., Hon. J. W. Raymond, Territorial V https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10 THE NORTHWESTERN Treasurer being the pr(ime mover in the work. The Bismarck National Bank was the outgrowth of this bank. In the years of 1880, 1881, 1882, banks sprung up like mushrooms. Huron got its first bank in 1880, when its first bank was started on December 23d by C. C. Hills. The first incorporated Territorial bank was organ ized in 1878, the Citizens Bank of Grand Forks, of which J. W. Smith was president, and S. S. Teties cashier. The second was organized in 1881, by Frank E. Stevens, known as Beadly County Bank. The Bank of Milbank started by Sargent & Diggs in 1880, can probably lay claim to being the pioneer bank of Eastern Central Dakota. The first bank to locate in Watertown was in the year 1880, a private institution under thç management of H. D. Walrath, and succeeded by First National Bank with Mr. Walrath as president. This practically covers the early banking history of Dakota Territory. It is a history which is interesting, and one which will become more interesting as it grows older. Many South Dakota bankers will want to have this history copied, and preserved in their files, for it is available only in this issue of the North western Banker, and in the original documents of the early convention proceedings, which are kept under lock of safe and vault in Secretary Platt’s office. BANKER June, 1916 000, making total resources well over the half million mark. The most remarkable part of this record expansion, however, is the fact that the bank’s records show this to be a steady, gradual, day-by-day growth, made up of deposits from numerous depositors. The active officers of this substantial, growing insti tution are W. Z. Sharp, president, and H. N. Aikens, assistant cahsier. The bank is capitalized at $100,000. MINNEHAHA NATIONAL BANK, SIOUX FALLS, OFFERS ITS SERVICES TO BANKERS ATTENDING THE S. D. CONVENTION. Bankers attending the convention at Sioux Falls will find it a pleasure to visit the Minnehaha National Bank, one of the state’s oldest and largest financial institu tions. The officers and others in this bank, have the faculty of making visitors feel at home in their institu tion, and a spirit of greeting, courtesy and good "cheer radiates throughout. Incidentally, it might be said that the Minnehaha National has one of the most modern and finest equipped banking quarters in South Dakota in which to extend this greeting. Their equipment is commo dious, spacious, well arranged for efficiency, and in cludes many conveniences for visitors, including a handsomely appointed ladies rest room and visitors’ rooms, equipped with writing desks, easy chairs, tables, SECURITY STATE BANK, ARTESIAN, SOUTH etc. Their modern quarters are the work of the FisherDAKOTA, MAKES BIG GAIN IN DEPOSITS. Morris Company, specialists in banking interiors, of The Security State Bank of Artesian, South Dakota, Charles City, Iowa. continues to make a big gain in deposits. At the It has occurred to thè officers of this bank that visit time of the call on November 10, 1915, the deposits ing bankers might have occasion to write some letters amounted to $184,132.06 and at the time of the last or answer some correspondence while in Sioux Falls, call on May 1, 1916, they had increased to $206,954.84. and they are extending an invitation to visitors to use The capital stock is $20,000 and the surplus and profits the services of their stenographers. They are making are $4,054.03. arrangements for this accommodation in such a way W. Z. Sharp is president; F. W. Bennett, vice-presi that it will in no manner be an inconvenience to them, dent and G. M. Bennett, cashier. and they will appreciate having bankers take advan tage of this service. SECURITY TRUST & SAVINGS OF SIOUX This is just one example of the thoughtfulness of FALLS MAKES RECORD GROWTH. Sioux Falls barkers, who are doing their utmost to A most remarkable growth, perhaps the most phe provide every service and convenience for visiting nomenal ever made in the state of South Dakota, has bankers. been made by the Security Trust & Savings Bank of Sioux Falls. This is Sioux Falls’ youngest institution, The depositors of the Security Bank of Faulkton, S. barely a half year old, yet its resources have already D., which closed its doors some time ago, have received passed the half-million mark. On the day of.its six another payment of 3 7 per cent, making a total of months’ anniversary, its deposits had reached $425,- 62//2. per cent, which now has been paid them. Sioux Falls S a v i n g s B ank SIOUX FALLS, S. D. C a p i t a l .........................................$200,000.00 T otal R eso u rces O ver . . . $2,800,000.00 WILLIAM ONTJES, President C. H. ROSS, Vice-President C. C. BRATRUD, Vice-President L. D. MANCHESTER, Vice-President OFFICERS JAS. B. LAMBERTSON, Cashier K. B. CRESSEY, Asst. Cashier F. A. FOSDICK, Asst. Cashier R. L. HARRIS, Auditor A L iv e C o m m e rc ia l B a n k A c c o u n ts o l B a n k s a n d B a n k e r s S o lic ite d https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S en d U s Your F arm L oan A p p lic a tio n s June, 1916 THE NORTHWESTERN GOOD ROADS IN SOUTH DAKOTA. By N. O. Monserud. South Dakota, which is known as the Sunshine State, with unlimited natural resources and possibili ties and being, at present, in the process of develop ment, is awakening to the importance and the neces sity of a system of well-built and well-maintained high ways. While South Dakota, in the past, has not been able to boast of as well-kept and well-maintained high ways as some of the Eastern states, yet the road move ment has been started, and interest in better roads and more substantial and lasting bridges and culverts has started over the entire state, and progressed more rapidly than many of the other Western states. In the matter of appropriation for roads, there was BANKER TENTATIVE PROGRAM T H IR T Y -S E C O N D A N N U A L C O N V E N T IO N OF South Dakota Bankers* Association SIOUX FALLS, SOUTH DAKOTA J u n e 28-29, 1916 U p on a r r iv a l r e g is te r w it h J.' B . P la t t , S e c r e ta r y , a t S io u x B a lls 'Côrïirïiei-cial C lub R oom s. f V' ADVANCE PROGRAM. TUESDAY EVENING. S ta g R ece p tio n .W EDNESDAY. F ir s t Day; .A. M., Convene at Colonial T heater at 10 A. M. Sharp. I n v o c a t io n . .............................................. R ev . D. D. H . R o b e r ts A d d ress o f W e lc o m e ................................ ............................... .....................Geo. W . B u r n sid e ,.M a y o r o f S io u x P a lls R e s p o n s e • ...................................................................................... E xrG ov. C. N. H erried , P res. C itiz e n s T r u s t & S a v in g s - B a n k , A b erd een . A n n u a l AA d d ress ......................... ,.............................................. N. Ev F r a n k lin , P res. S. D. B. A. a n d P res. F ir s t N a tio n a l B a n k o f D ea d w o o d . A p p o in tm e n t o f f o llo w in g c o m m itte e s: R e s o lu tio n s, A u d itin g , G ood R o a d s, L e g is la tiv e , A g r ic u ltu r a l, B u r g la r y an d F id e lit y B o n d s, T im e L o c k s an d P r o te c tiv e . R e p o r ts o f C o m m itte es: E x e c u tiv e C ou n cil, W . E. H p a to n ; A g r ic u ltu r e , E. E . C one; G ood R o a d s, N. O. .M on seru d; M em b er E x e c u tiv e C ou n cil, A. B. A., E. ij; M iller. R ep o rt 'of S e c r e ta r y , J. E . P la tt, an d T r ea su rer, R. E. Cone. R e p o r ts b f-G roup S e c r e ta r ie s . A djourn-for Luncheon. F o llo w in g th e a d jo u rn m en t, m em b er s o f th e A. B. A. w ill m e e t fo r the- t r a n s a c tio n o f b u sin e s s. N a tio n a l B a n k r e p r e s e n ta tiv e s w ill m e e t an d e le c t a v ic e - p r e s i d en t o f th e N a tio n a l B a n k 'Section o f th e A. B. A. A m e e t in g w ill b e h eld b y th e S ta t e B a n k d e le g a t e s to s e le c t n a m e s to su b m it to th e g o v e r n o r fro m w h o m a p p o in tm e n t o f m em b er s o f th e B a n k G u a r a n ty C om m is s io n a s p ro v id ed b y la w . W ednesday, P. M., Colonial T h eater at 2 P. M. Sharp. N. 0. MONSERUD Cashier Dakota Trust & Savings Bank, Sioux Falls, S. D. T h e C eleb ra ted M ason ic Q u a rtet, o f S io u x F a lls , w ill op en th e p rogram . A d d ress, “E d u c a tio n o f B a n k E m p lo y e s ” .................. ....................... W . W . B o w m a n , S ecy, th e K a n s a s B. A. A d d ress b y G roup P r e sid e n ts. S u b je c t c o v e r in g lo c a l c o n d itio n s in th e ir s e v e r a l G roups. A d d r e s s .....................................H on . J. A. S. P o lla r d , o f Io w a G en era l d is c u s s io n w ill b e h eld p rior to a d jo u rn m en t r e la t iv e to F e d e r a l R e s e r v e B a n k s, B a n k G u a ra n ty , I n te r e s t on T im e C. D .’s an d C o lle c tio n C h a rg es. U p on a d jo u rn m en t, a u to m o b ile s w ill b e in w a it in g to sh o w th e v is it o r s th e b e a u tif u l c it y o f S io u x F a lls . W ednesday E ven in g, 8 P. M. A G rand B a ll an d R e c e p tio n (In fo r m a l) a t th e C o u n try Club. A u to s w ill le a v e C a ta r a c t an d C a rp en te r H o t e ls a t 8 p. m. E v e r y o n e e x p e c te d to a tte n d . T h is is w h e r e w e m ix . THURSDAY. very little attention p'aid to road appropriation until after the year 1912, when the new road law was enacted empowering the County Commissioners and Township Supervisors to make levies for the purpose of constructing roads. The first year this law was in operation, seven counties in the state made levies. The next year, all of the counties in the state made levies except seven. In the year 1913 a law was enacted creating a State Highway Commission. This Commission was handi capped, however, by the fact that no appropriation was made, giving it no available funds with which to carry On this work. The Commission, however, launched a campaign of education in favor of a better system of highways, by publicity, public addresses and lectures. This campaign, which has been financed en tirely by the members of the Commission personally, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Second Day, A. M., Convene a t Colonial T heater at 10 A. M. Sharp. M usic. E le c tio n o f O fficers. A d d ress ......................................... ................................................. Mr. H e n r y V on d er W e y e r , V .-P . M erc h a n ts N a tio n a l B a n k o f St. P a u l, an d P r e s id e n t M in n e so ta B a n k e r s ’ A s s o c ia tio n . A d d ress, “T h r ift” ........................................... H a r v e y B lo d g e t t G en era l B u s in e s s an d D is c u s s io n . R e p o r ts o f C o m m it tees. Thursday, P. M. M usic. M e e tin g o f n e w ly e le c te d E x e c u tiv e C ou n cil. A u to -ride to P e n ite n tia r y . A n e n te r ta in m e n t is p ro v id ed fo r th e la d ie s d u r in g th e ir s t a y in S io u x F a lls . Club p r iv ile g e s e x te n d e d a t S io u x F a ll s C o m m ercia l Club, M in n eh a h a C o u n tr y Club, D a c o ta h Club, E lk s Club. F o r a d d itio n a l in fo r m a tio n a p p ly to J a s. B. L a m b e r tso n , C h airm an C o n v e n tio n C o m m itte e, S io u x F a lls , or J. E . P la tt, S ecy ., S. D. B. A., C lark , S. D. 11 THE 12 NORTHWESTERN BANKER June, 1916 has given splendid results and in the year 1913 the mitting taxation for internal improvement. All the entire levy made over the state by counties was $561,- bankers in this state should work for a “YES” vote for this amendment in order that South Dakota may be in 622.00. The year 1914 there was a levy made for roads and a position to participate of any federal aid available for bridges over the entire state, by county levies, amount constructing highways. The South Dakota Bankers Association, through its Committee on Good Roads, has carried on a campaign of education along the improvement of better high ways and bridges. With the co-operation of all the bankers in the state the amendment to the constitution permitting state aid, and the road movement in general should have substantial permanent support. BANKS OF LEOLA, SOUTH DAKOTA IN PROS PEROUS CONDITION. The Bank of Leola and the First State Bank, Leola, South Dakota, are both in very good condition, and have continually increased since their organization. According to the last statement of the Bank of Leola, the capital and surplus is $30,000; guaranty fund, $343.51; undivided profits, $5,110.26 and deposits, $187,247.46.. The present officers of the bank are: W. C. Turner, president; L. E. Turner, vice>president; G. H. Turner, cashier and L. J. Turner, assistant cashier. The First State Bank of Leola had at the time of the last call, capital, $20,000; surplus and undivided W. E. STEVENS President Security National Bank, Sioux Falls, S. D. ing to $1,296,500, an increase over the previous year of $734,787. In the year 1914, there were still seven counties in the state that made no levy for road im provement. Those counties were Codington, Grant, Hamlin, Kingsbury, Lincoln, Moody and Sully. The year 1915 the entire levy made over the state for roads and bridges, including auto licenses, and poll tax, amounted to $2,638,495. This is an increase of over $1,387,000 over the previous year. The year 1915 the following counties made no road levies, Brookings, Codington, Grant, Lincoln, McCook, and Turner. It can be seen from the above figures that the state has progressed very rapidly in road improvement and if this progress goes on at the present rate for a num ber of years, South Dakota will have one of the best systems of roads of any state in the West. The state is well supplied with the best kind of road material available. Gravel deposits are numerous over the entire state, also large deposits of rock, suitable for crushing and with the proper organization and super vision, South Dakota should have sufficient road ma terial for several generations. South Dakota has, at present, no provision for state aid for the construction of Highway, but the people, at this coming election will have an opportunity to vote on an amendment to the state constitution per https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis G. C. HOLMBERG Vice-President Security National Bank, Sioux Falls, S. D. profits, $1,402.07 ; deposits, $227,617.93. This bank was organized in 1906, by J. J. Hepperle, J. E. Reagan, and F. H. Hooper. Mr. Hepperle is president, I. T. Parkhurst is cashier and G. J. Bohle is assistant cashier. THE June, 1916 NORTHWESTERN 13 BAN K E R JO S E P H W A Y N E , Jr., P re sid en t E V A N R A N D O L P H , V ice-P resident C H A R L E S M. A S H T O N , C ashier A - W . P IC K F O R D , A ssistan t C ashler A L F R E D B A R R A T T , A ss’t C ashier The Girard National Bank PHILADELPHIA, PA. Capital, $2,000,000 Surplus and Profits, $4,800,000 Deposits, $60,000,000 ACCOUNTS OF BANKS AND BANKERS SOLICITED “T o Satisfactorily Handle Your Business, You Need a Philadelphia A ccount” .BANK OF COMMERCE ORGANIZED AT MILBANK, SOUTH DAKOTA. A new bank, The Bank of Commerce, with a capi talization of $25,000 has been organized at Milbank, South D'akota. The incorporators are: G. E. Breckenridge, of Timber Lake, Charles E. Williams, C. J. Tice, A. J. Lindahl, Levi Schnabel and George S. Rix. ’ A new banking building will probably be erected sometime this summer. The officers are: Mr. Breckenridge, president; Mr. Williams, cashier; Mr. Tice, first vice-president; Mr. Schnabel, second vice president and Mr. Lindahl, as sistant cashier. CITIZENS STATE BANK, MOBRIDGE, SOUTH DAKOTA, MAKES CONSTANT GAINS IN DEPOSITS EVER SINCE ITS ORGANIZATION. The Citizens State Bank of Mobridge, South Dakota has recently issued a comparative statement of deposits and this makes a splendid showing of the constant progress of the bank. In 1911, the deposits amounted to $29,166.81, in 1912, $58,104.31, in 1913, $85,929.02, in 1914, $94,721.65, in 1915, $98,842.54 and in 1916 they had reached the splendid sum, according to the last call, of $210,441.03. This growth from year to year surely is a good cri terion that the bank is found to be efficient and capable of giving the right kind of service to its patrons. S. H. Collins is president; W. F. Mailand, vice presi dent; M. E. Beckley, vice president and Oscar A. Olson, cashier. STOCKYARDS BANK INCORPORATED AT SIOUX FALLS, SOUTH DAKOTA. . Articles of Incorporation have been filed for the establishment of the Stockyards Bank at Sioux Falls, South Dakota, with a capital of $50,000. The bank will be opened about August 1st, and the construction of a building will be begun immediately.* The officers of the new bank will be as follows: Col. Melvin Grigsby, president; Peter N. Aggergaard, vice president; A. W. Harper, vice president; Sioux K. Grigsby, cashier and O. W. Mikkelson, assistant cashier. Mr. Aggergaard is an Irene, South Dakota capitalist, Mr. Harper was formerly president of the Minneapolis State Bank, a suburban institution, and Mr. Mikkelson was until recently assistant cashier of the Bank of Wyndmere, North Dakota. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis FARMERS STATE BANK, DUPREE, SOUTH DAKOTA CHANGES OFFICERS. A recent change in the ownership of the Farmers State Bank, of Dupree, South Dakota, by which Mi chael Dunn, president, has sold his holdings, has re sulted in the election of a new set of officials, as fol lows : President, G. A. McGarraugh, former vice presi dent; vice president, E. N. Anderson; cashier, W. H. Scott. The Farmers State Bank, which was organized in 1910, has a capital of $20,000, deposits of $25,000 and surplus and undivided profits of $4,000. Tyndall, S. D., is to have a new bank, known as the Farmers & Merchants Bank. J. P. Serr is the promot er. THE CHARACTER COM PANY Get the Significance of These Facts NATIONAL FIDELITY LIFE IS THE —First and Only Company ever organized in Sioux City and its trade territory. —Largest Company Ever Organized in Iowa. — Nearly Six Hundred influential stockholders. —Strongest Backed, and best formed Company in the Northwest. —Has Every Penny of its authorized capital Paid Up in cash and deposited with the state—the Largest Similar De posit Ever Made in Iowa. —More Conveniently Located for Bankers in this territory than any other insurance company. —Easier Policy Contracts to sell— Greater Service to buyers. —Double Indemnity, Total Disability, and other advan tages granted. Ask for our local Bankers’ Gontract National Fidelity Life Insurance Co. of Iowa S io u x C ity, U . S . A. R A L P H H . R IC E , P resid en t 14 THE NORTHWESTERN BANKER June, 1916 FINEST BUILDING FOR LARGEST BANK. Dakota—quarters which will rank with the finest in South Dakota’s largest bank is giving to Sioux Falls, the entire northwest. The bank was organized with a capital of $50,000. South Dakota’s finest bank and office building. This modern improvement is the result of the continuous The capital and surplus have been gradually increased growth of the Security National Bank, which has made in proportion to the growth of deposits until the pres ent capital surplus and profits is $300,000, an increase largfer, more modern banking quarters necessary. This elegant, modern, fire-proof structure is being of 600%. This bank operated as a state bank, under its origi erected on the southwest corner of Ninth street and Main avenue, Sioux Falls. It has a frontage of 66 nal name of State Bank and Trust Company until Au feet on Main avenue, and 87 feet on Ninth street. It gust, 1914, when it was converted to a National Bank, is six stories in height, of the most modern fireproof and its name changed to its present one of Security steel construction, designed for office purposes exclu National Bank of Sioux Falls. The present officers of this remarkable institution sively above the first floor, which will be entirely ocare: Walter E. Stevens, president; William K. Van Brunt, vice-president; Geo. C. Holmberg, vice-presi dent; Ray G. Stevens, vice-president; John Barton, cashier; Delmar C. Lowe, assistant cashier, and Cleve land R. Bond, assistant cashier. Beautiful new home of Security National Bank, Sioux Falls, S. Dak. cupied by the bank, and embodies all the modern fea tures in office building architecture. Among the latest improvements and devices in office building construction which will be installed, are a vacuum cleaning system, compressed air, flush cuspi dor connections, hot and cold water in each office, a modern heating plant of ample capacity for the most severe weather conditions, two high speed elevators of the latest, safest type, and other such modern and up-to-date equipment. The Security National Bank will occupy the entire main floor, which will give to this bank the finest and most efficient banking quarters in the state of South https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis GROWTH AND DEVELOPMENT OF SIOUX FALLS, SOUTH DAKOTA. By Leroy M. Gibbs. While some years ago the bulk of our exports con sisted of food products, every year sees an increase in the value of manufactured articles sent abroad and a constant diminution of food products. This does not mean that we are producing less from the soil, but that as we grow and develop we are using more of our food stuffs at home. Under such conditions, coupled with an unusual foreign demand on account of the great European War, agricultural communities have been constantly receiving more for their products, and land values have shown a steady increase. South Dakota is a great agricultural state, and has been, and is today, producing more new wealth per capita than any other state in the Union. In compara tively a few years the products of the state have changed much in character. From a beginning in which wheat was the principal product, we have come to a period of diversified farming with the result that corn, wheat, oats, live stock, and dairying are heavy contributors to the state wealth. Sioux Falls is the principal city and the commercial center of the state, and is admirably situated along the bluffs of the Big Sioux River. The whole city is built over a ledge of Jasper rock valuable as building and paving stone. The railroads recognized the importance of the loca tion and six lines of railroad focus here. The stock raising of the surrounding country has resulted in the location of two packing houses which do a big business, packing the product in the land of its production, and thus avoiding long shipments of live stock. That the people are prosperous is indicated by the great number of people who have found the horse too slow, and now use the automobile. The best index is, however, the* savings deposits in the banks, and in Sioux Falls banks alone the savings amount to ap proximately two million . dollars divided up among thirteen thousand six hundred and nineteen depositors. There are still many men who can remember the day before the first railroad, and the old things seem away in the distant past to the younger generation who see nothing but prosperous farms, thriving villages and cities paved and lighted and beautified in a manner that it is hard to realize has been accomplished within the lifetime of the first settlers. THE June, 1916 NORTHWESTERN 15 BANKER ; iuiMiiiiiiiiniiiiiiiiiiiiiiiiiiiiiii!iiiiiiiiiiiiiNiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii!iiiiiiii!iiiiiii!iiii[ifiii§!iiiiiiiiii!iiiiiiiiiiniiiiiiniiini!iiiiiiiiiiiiiinm I Seandinavian-American I National Bank ill SIOUX FALLS, S. D. CAPITAL AND SURPLUS DEPOSITS . . . . $140,000.00 480,000.00 I | HPHE strength of a bank depends as much on its management as upon its Capital and the details of its manage ment fall largely upon its directors. tj The Directors of this Bank are among the most success ful and influential business men in South Dakota, as they have been prominently identified with the industrial, com mercial and financial development of this state. ^ The high standard this Bank has set for itself in the con duct of its business is a protection to its depositors in every emergency and under all circumstances. T h is bank com m enced business Ju n e 8 ,1 9 1 4 - and has en jo y ed a rem arkable g ro w th in business, having deposits on J u ly 14< 1915, of $ 3 4 7 '0 0 0 .0 0 , and on M ay 1, 1916, th e y w ere $ 4 8 0 ,0 0 0 .0 0 , w ith total resources of $ 6 2 0 ,0 0 0 .0 0 . WHILE YOU ARE IN SIOUX FALLS ATTENDING THE SOUTH DAKOTA BANKERS’ CONVENTION, BE SURE AND MAKE OUR BANK YOUR HEADQUARTERS W e A re A t Your Service OFFICERS F. H. JO H N S O N , President H. W . JO H N S O N , V ice-President E. S. JO H N S O N , V ice-President ’W . E. M O O R E, V ice-President ST E V E D O N A H O E , V ice-President D. B. JO H N S O N , Cashier H. B. B E N S O N , A sst. Cashier J. E. M ARKLE, A sst. Cashier DIRECTORS W M . PAULTON E. L. SMITH STEVE DONAHOE E. W . FISKE C. O. BAILEY W . E. MOORE O. W . FRANBERG P. E. SAWYER H. B. BENSON E. S.JOHSON H. W . JOHNSON F. H. JOHNSON D. B. JOHNSON ................................................................................................................................................................... ........................ ......................................................................................................................... ^iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiiiiuiiHiiiiiiiiiiuiiiiiiiiiiliiiiiniiiiiiiiiiiiiuiiiiiiiininiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiniiininiiiiiiiiiiiiiiiiiHiiiiiifiiiiiiiiiiiiiiM https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis § 16 THE NORTHWESTERN BANKER June, 1916 Iowa N ational Bank and Des M oines Savings Bank In Same Building Under One Management Combined Capital and Surplus $ 1 ,8 5 0 ,0 0 0 Deposits Over $ 1 1 ,0 0 0 ,0 0 0 We Solicit Your Patronage The Largest National Bank offering the only inducement which has weight with careful bankers and which may be summed up in a single sentence: in the State is in a position to ren der a service equaled by few and excelled by none. If you expect to make a change in your banking relations in the near future, we shall appreciate an oppor tunity to serve you. K “ Absolute Safety and Our Friends Taken Care of A lw ays If such service appeals to you, we shall be pleased to hear from you. 31 Iiff» mn i cxflfcl H om e o f th e Iow a N atio n al B ank and D es M oines S avings B ank E n tire S econd F lo o r Flem ing B uilding N. B. W e are located on the corner of Sixth and W alnut Streets, entire second floor Fleming Building, right in the heart of the business district, and shall hope to have you call on us whenever in our city. Make the bank your headquarters during your stay in Des Moines. OFFICERS HOMER A. MILLER, President H. S. BUTLER, Vice-President C. H. STEPHENSON, Asst. Cash. H. T. BLACKBURN, Cashier JAS. F. HART, Asst. Cashier R. L. CHASE, Jr., Asst. Cashier J. R. CAPPS, Asst. Cashier https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Sbr (Ei'ìutr lajriòa Natimtal la n k C eb a r E a p tb ö , 3 û to a 0\RECr DEPOSITARY OF THE UNITED STATES Capital, Surplus and Profits $750,000.00 OFFICERS Ralph Van Vechten, President Kent C. Ferman, Cashier Geo. B. Douglas, Vice-President Homer Pitner, Assistant Cashier Martin Newcomer, Assistant Cashier Ed. H. Smith, Vice-President Glenn M. Averill, Vice-President Anna R. Smouse, Auditor Chas. C. Kuning, Chief Clerk ESTABLISHED As a Private Bank 1877 As a National Bank 1887 Qualified, through the accumulated experience of 39 years of continuous, conservative and successful banking, to care for the accounts of banks and bankers. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ioux Falls National SIOUX FALLS, SOUTH DAKOTA ESTABLISHED 1882 Sioux Falls1 Oldest Dank Sioux Falls’ oldest bank has been successfully conducted for more than a third of a century, under one competent and CO NTIN U O U S management, and has occupied a very prominent position in the development of the raw prairies of South Dakota into a great and prosperous commonwealth. Present-day banking is largely a matter of service. Our experience gained in handling the accounts of country banks for a third of a century, has developed a broad knowledge of the needs of banks and bankers in this terri tory. If you desire the advantage of a service that is both prompt and comprehensive, you are cordially invited to correspond with us. A B a n k for B a n k s CAPITAL, - DEPOSITS, - $ 100,000.00 1,000,000.00 OFFICERS C. E. M c K IN N E Y , President M .C . S M IT H , Vice-President C. L. N O R T O N , Vice-President J • D . F L E C K E N ST E IN , Cashier L. A . G R A Y , A ssistan t Cashier DIRECTORS C. L. N O R T O N , Capitalist J. W . F E N N , President Fenn Bros., Inc. C. E. M c K I N N E Y , President W E S T B A B C O C K , S tate A g e n t M utual Benefit Life Insurance Company https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S. A . B R O V f N , Physician J. J. A L L E N , Vice-President M cK in n ey & Allen, Inc. C. W . T H O M P S O N , Automobile Dist. S. J. S N Y D E R , Capitalist M . C. S M I T H , Vice-President