Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-31
OUR BANKING CAPITAL,
The Commercial Center Which Attracts
the Wealth Of Sagaci0us and Enter. =
prising Business Mem.
FIGURES VERY SIGNIFICANT.
Capital Nearly Six Millions, Deposits
Nearly Eleven Millions and Over
Ninety Millions Of Ex-
change Sales.
BANKS AND BANKING.

The amount of the transactions by the
banks Of city is, of course the best in
dex to the business of the place. ST.
Paups commercial importance is demon
strated in most gratifying manner, by
the character of her banking institutions
and the immense sums Of money handled
by them. These institutions have steadily
kept pace with the remarkable growth of
the city and the marvellous Development of
the vast country tributary to it.
THE FIRST NATIONAL BANK
Is at present the most extensive OF bank
ing houses. Il was established in Febru-
airy, 1863, and to-day is one Of the most
stable and wealthy moneged institutions
OF the country. It was originally private
banking house and grew to its present i'm
portanco under the sagacious and efficient
management of Messrs. J. E. Thorn pson
and Horace Thompson, both TOW de-
ceased.
The First National bank has a paid-1n
capital of S1.00000O It's books show a.
balance Of $390,oG0 representing surplus
and undivided profits. circulation CT
S5294,0O0, deposits amounting 10 S3950-
Geo, loans, $3,S500o0, and during the past
year it has sold $3t.5O0,GG0 OF exchange.
The present officers are: Henry ?. Upharn.
president: C. D. Giifllan, vice president:
Z. Fl. Bailey cashier and va Miller. as
sistant cashier. The bank still occupies
the same banking room in which it was
started nineteen years since, bat the
quarters are SO limited that the corpora
ton is erecting splendid block at the
corner of Jackson aud Fourth streets.
which Will be 4Sx1G0 feet. five stories in
height, and OF entirely ornamental archi-
lecture. The entire lower story and base
ment of this editce viii be occupled by
the bank.
THE MERCHANTS NATIONAL BANK.
This bank was organized III 1872, and
has capital OF $I,O0O,000. It occupies
very elegant and spacious apartments at
the corner of Third and Jackson streets.
IN the Fire and Marine Insurance com
pany block, and has in the las: few years
been Obliged to increase It's space. The
banking room is fitted IN the most elabor-
ate style. the wood work all being black
walnut, and the furniture solid and rich.
The officers are now: John Z. Merriam.
president: Walter A. Mann. vice president.
and W. f. Merriam, cashier On to.!nor-
row, Jan. l, Mr. Mann will withdraw. and
Mr. W. r. Merriam will succeed him as
vice president Mr.. f. A. Seymour. of Still
water. taking the vacant position of cash
Ter. The Merchants has surplus and undi
vided profits amounting to $4,000. cir
culation of $4,000, deposits s2,5oo.0OO.
loans $3,000,000. and its years business in
exchange has reached $30,o0O,0o0.
THE SECOND NATIONAL BANK
was organized in 1865, and now occupies a
fine apartment at the corner OF Third and
Wabashaw streets, IN McQuillan's block.
The officers are, E. S. Edgerton. president:
A. S. Cowley, vice president and A. E.
Ferte, cashier. Its capital is $780, coo:
surplus and undivided profits, 1924 s33:
circulation. &1S0.G00; deposits, Sl.1OO. 254 !:
loans average $S75,OG0; exchange sold in
1852. S7,O77,450. The Second National is
located IN the center OF retail trade. and is
the furthest up town of all the banks. It
was originally somewhat further west on