davidaulloa/AmericanStories huggingface dataset:
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
Merchants National

Located IN the handsome block on the
southwest corner Of Third aud jackson
streets, known as tho Fire and Marine block,
is the Merchants National. The bank quar-
tiers are convenient connections aud ar
tistically attractive. The hank was chartrred
in 1872, commencing business August lei
Of that year, locating on the corner III 1bir,i
aud Minnesota street, in The Pioueer Press
building, more rrcrntlv occupied by y. Do
ran & Co. IL commenced business with a
capital OF $3.50, 600 aud the following officers:
Maurice Auerhach, president; Mailer Mann,
vice president aud Charles Nirlols cashier
the latter only holding the position until The
S0th OF Deem Der following when he resigned
and being succeeded ey W K Merriam,
July /, 1873, tue capital was Increased io
S500,000 February -. 1875. the business OF
the institution had outgrown its quarters 10
the Pioneer Press building aud
the bank was removed 10 hs
present location. January n, 1850,
Maurice Auerbach resigned as president aud
WIS succeeded by Hon. Jno. L. Merriam, and
the hrst of the following July the capial was
increased TO 81 900. 900 Decrmb Der :. 1852.
w. L. Merriam WAS promoted TO the Vacancy
Mr.. Frank A Seymour succeeding him ~
cashier. On January s, 1884, Jno L Mer-
RAM resigned the presidency. being sue
ceeded by his son, w. x. Merriam. hand
some aud mcrted recognition of the brilliant
executive abilities displayed and the thur
ough practical knowledge OF the banking
business gaiurd by his incum hcncy OF thu
Offices OF cashier aud vicr president. while
Mr. c. II. BgriOw WAS elected 10 the varsui
vice presidency, making the roster OF ollicrr-
to-day as follows: w. X Merriam president
c. ii. Bigelow vice president, F. A. Seymour
cashier, and George L. Power assistant cash
Ter. rhe business OF 1854 has breu emf
nently satisfactory as will be seen by the
statement below, showing deposits OF 81, 566
5l5 loans Of 81, 941, a., and exchange sold
S35, OoO, 900, al IDciease over 1883 Of 80, 900,
900.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31

vrry materially reduce The aggregate OF its
deposits. though the policy undoubtedly Sc
cures some business il would not Otherwise
receive. But whatever the effect. its officers,
all Of more or less exte nded experience with
other banking institutions. are unitrd IN the
brlief that the policy thus adopted is, in the
long run, the best and safest both TO them
selves aud their patrons. aud that its con
tinusnce will always secure 10 IL, as now, a
profitable legitimate business. Tne state
ment appended shows surplus Of SIS, 900.
deposits o. s29o. UO0, loans OF
$3.50, 900. aud sales Of exchange
OF $500, 900. the bank cum
menced tusinrss in rented quarters on the
north side OF Thiri street, between Robert
aud Jackson streets, but in October last IL
wss moved into the new Drake block, just
below the Merchants GU the opposite side Of
Third street, where IL has Que OF the fastest.
most convenient and cheerful bank apart
ments 10 the cts. The officers are l. T.
Reed. president; W. D. Kirk, cashier; J. W.
Wall. assistant cashier; with the following
buard OF directors l. E. Reed, REUBEN
Warner. J. II. Sanders, Kruuetb Clark. ]
L. Forepaugh. II d. Mathews, Z. c. De-
Coster, w. ID. Kirk.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
First National.

The First National bank is the successor of
Che private banking house of the THOMPSON
Bros. E. and Horace Thompson, now
deceased. It's charter was granted February
"a, 1863, for period of twenty years, at the
expiration of which time, February "a 1883.
its charter was extended another twenty
years. 1t commenced business January Is,
1864, with a capital stock of $3.50. 900 Sep
tender 9, of the same year, its capital was
Increased TO S5UO,O0 January l.,
1865, its capital was again increased to
100000, at which figure it re-
NAMED until March /, 1873, when 1t
was increased to 81, 900, 600, at which figure
1t still remains. The first officers OF the
bank were j. E. Thompson, president; F. A.
Harrison, now president of the Security
bank, Minneapolis, vice president; Horace
Thompson. cashier; Charles Scheffer (de
ceased), assistant CASHIER aud Il. P Upham,
the present president, teller January Ia,
1858, H. P.Upham was elected assistant CASH
ier,Albert Scheffer going into the bank as te,-
Ter, from which position be was promoted to
assistant cashier the following year. In
May, 1870, j. E. Thompson, the president,
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
ST. Paul National.

This bank was chartered Nav 81. 1889. and
l., therefore, not yet two years Of aye. It's
capital stock il 500. 900. AMI It's business IL
managed by the following working officers
President, Peter Brrkry. vice president, {.
w. Gngss: cashier, F. w. Anderson; as
sisiaut cashier, A. c. Anderson, the same
with which IL started into business, excerpt
that {. w. Griggs has succeeded r 3. Clark
as vice president The bank is doing a safe
and satisfactory business, lie statement
showing surplus Of $4,000, deposits OF
$3.50. 600. loans $40. 600 aud exchange sold
S2,0OO,000. ln the statrnent for 1883.
given LeloW, in comparison with the present
year, the surplus is given $23, $50 which d.
urrs represented the undivided pnihts a. that
time, 10 surplus wing then been set aside
as has since been lone as appears IN the ia
bic for this year. Its place of business Is
the southeast corner Of jackson and Sixth
streets.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31

died, and June Z following. Horace
Thompson was elected to the vacancy
thus created, Charles SchefTer bring advanced
to cashier. Tue following August H. NJ
Knox was appointed TO the position o! as
sistant cashier made vacant by the promo
ton of Mr.. Schrffer. On January Is. 1873,
the City bank, Of which H. H. Siblry was
president. L. E. Reed. vice president, and
II. r. Cpham. cashier, was consolidated with
The First National, and at the meeting OF the
board OF directors March following. the fol-
lowing officers were elected: President
Horace Thompson; vice president, L. 2.
Reed; cashier, II. P. Upham: ass slant
cashier, II. NJ. Knox: teller. W. W. Hovt-
About 1873 II. NJ. Knox resigned and suisse
queutly he was appointed 10 the Office ~ state
examiner position be now holds. January,
1880, President Horace Thompson died. ana
on May IL following. II. P. UphIn was
elected president, G. ID. Gillian. vice presi-
dcnt-L. z. Reed having resigned the April
previous 10 assist in establishing the Ciiy
bank Of which be is at present
president-and A. II. Bailey, cashier,
who with w. A. Miller APP
pointcd assistant cashier Jan. 90. 1882, con
stituie the principal working officers OF the
bank al this time. The bank has always
been comfortably quartcred, having couI-
meuced business in the three story cut stone
front on the north side OF East THIRD street,
between Minnesota and Robert str-ets--iu
those DAYS one Of the finest structures 10 the
city -where it remained until May N thr
present year, when IL was removed h the
handsome four story stone and pressed brick
building, especially CONSTRUCTED FOR rs use.
corner OF Jackson aud Fourth streets. where
II has one of the most cOmmOdIoIIs. best NJ.
ranged, richest aud tastirst banking nounis
To be found in the country. During the pas,
year its surplus has been increased frurn
1920, 900 10 $500, 900. its circulation reduced
from S300.0s0 10 $50. 900, while smal
falling oil is shown IN lis deposits, loans aud
exchange sold.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31

which tt mas remained 70 the present time
The bank as private institution first com
meuced business under the Winston house.
Seven corners. from which Il was removed
sulv 1. 1851, into the new three story block
erected by the firm Of Mackubin & Edgertar,
corner OF Franklin and Third streets. This
building was Afterwards converted into the
Cosmopolitan hotel, which was destroyed by
fire in 1866 or 81. Upon being reorganiLed
a. a natiopal bank it occupied the southeast
corner Of Ingersoll block Bridge SQUARE,
where II remained until 1851. When IL Was
removed Ia its present location In the Fore
psugh block, northeast corner OF Third aud
Wah IshaG streets. The statement for the
present year IS as follows: Capital 5000. 600.
surplus $569;O00. circulation $lSO.OOO. de-
posts 81 ,07j.0O0, loans $3.50 900, exchsnge
sni,i s. 900. 900. Tie officers are: Z S
Edgcrtou resident. A. 5. COwley vice pr-si-
dent aud ID. a. MuDfon cashier, with the
following board Of directors: Z. ;. Elgrr-
ton. David DAY, a. :. CoWlcy. r. x, Smith.
p Brrkry. wm. B Dean, c w. Gdggs. I.
?. wrsii, Isaac Staples, D. A. MVnforL n.
W. Kittson.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
Second National.

The Second Nauoual tank is the oldest IN
date Of establishment IN business in The S:isg
or state. having been established as 4 private.
hsDk By Msckubin < EdgertOn IN lSS3,ss 10
1883 Mr. Maekubiu retired from the business,
which was continued by Mr. E. s Edcer1t-i
AS an annex 10 the private bank a state M
sltuiion was organized under the name OF
the Peoples bank. with E. S. Edgertoa ~
president aud D. A. Monfort cashier, posi-.
tons both gentlemen hold in the presrut
organization, thus making them in point of
service the oldest bank officers In the siste.
An important item con nected with Abe dis
tory OF the Peoples bank is the fact that it
was the only banking institution in the state
that safely passed tarough ibe CREST IN neial
depression of 1857 aud the years following.
all its obligations being promptly met on
presentation. In 1884 the private banking
house Of E. s. Edgerton was succeeded by
the present institution. known as the Second
National bank, the first officers being E. S.
Edgerton, president aud D. a. Monfvrt,
cashier 1t was chartered with a capital Of
sl5O.0O0, but before commencing business
the capital was increased to s2U0, 600. at
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
Comments and Commissions.

In addition to the eleven chartered banks
rs above there are two private banking houses
in the city, thuse OF W. A. Culbertsou and
A. NJ. Peabody. Owing to the absence OF
Mr.. Culbrrtson we have been unable 10 Sc
cure any statement Of his business. MT.
Peabody reports discounts during the year OF
$4,000, collections SGO, 900. exchange $lO6,
00n. and average deposits so. 600, showing q
lair Increase Of business over the year 1888.
The house commenced business December /,
lsS2.
By the table above il will he seen that the
banking capital NJ the city has been increased
iuung 1854 0y SS0H.uOu. through the organ
izatOn OF :hr Third National aud Germans
hauks, there having hrru No change by the
uine banks doug business In lSS3. while the
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31

This is the latest addition IN the national
banks 81 The city, having only been organ
ICED aud commenced business in August Of
the pTrseut year. Al its heal az president
Is Walter Mann, well known Ca the financial
world Vf the nOrthWrst from bis long cou uec-
ton with thr Merchants National His
working assistants are K Z SJowrr cashier,
aud Louis Z Maun TELLER rs capital stock
is $iD0. coo aud circulation $4,000. In the
little more thau Tour months Il has bren
doing business il shows deposits of $3.50, 900.
loans 5000. GiO ssd rxchsngc sold $500, 100.
II Is p:rastutiy located on the southeast
IVrucr vi Third and Minnesota streets.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31

surplus OF the several hanks stands at ST.
272,O00, as compared With 81. los. 4S3 an In
erase of Sl03,5l7 10 the item Of circuls-
ton there has been a decrease Of sl55. $50.
the reduction being made BY the Fret Ma
uonal, which now has but $qn, 600, against
$300.0S0 IN 1888. the $4,000 added To the
volume Of circulation bv the Third National
bringing the total 10 slgS. 900. us given 10
the table. The total deposits for the year
were Sl2, l9l.6S6. an increase of S394, l24
over 1888, whiir the loans. uotTithsts udng
the dull tunes. aggregated SIS. ,U5i. an
increase Of Sl,0J2. 6O4. But probably the
most encouraging item In tins magnificent
showing Is in that OF exchange sold, the zg-
ures being SlOS, 962, 36S. against SIO3 6S3.-
079 in 1888, an increase of 5.27g Isl Surh
figures tell their own STORY, aud need not DC
further commented upon.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31

This is n stale institution which COM
mrnced business june 5th Of the present
wear with q capital OF $3uO, 900 The officers
are, Ernest AihrccnL president: Alex.
Ramsey,vIce president, VIM Bickri. cashier.
aud 2 NJ. krrst. assistant cashier. For the
time the bank has beeB doing business the
statement silpws average deposits OF 5000.
100. ioans $40O. 900. aud exchange sold OF
$4,000 Il IL located on the northeast
corner of Wabashaw aud Fifth streets, where
1t has roomy, cOnl euieut aud tasty spart-
mruls
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
Prnnles Rank

This bank was orgsnizrL IN December.
1852 under the state IaE. With capital Of
slOJ,OOO. toe following nsmed grntlemeu
comprising the board Of dirrrtors and officers
then aud now Directors J. P. Gribbru. A
Foster. George X. Finch, Henry Haoig-
horst, Jr Ernst ALBRIGHT. J. ". schumacher.
WIN. CanstaBs, A P. Crionquisl. Dennis
RyAu u, ". J. MaesulSy aud Z. Z. Riiien-
house. President W. J. hscaulay; vice
president Geo. u. Finch; cashier, c. E.
RltrnhOusr. The bank Is ;OcAtrd on the
southrast corner of Seventh aud Sibiry
streets. Its statement shows deposits Oi
slil.O loans 500. 90. anj exchange sold
81. 900, OUO.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
The Solid Financial Institutions
Which Make st. Paul the Com
mercial Metropolis of the
Northwest.
An Aggregate Capital and Surplus Of
Seven Million Six Hundred and
tifty-two Thousand
Dollars.
Average Deposits Exceeding Twelve Millions
Average Loans Exceeding Fifteen
Million and Over One Hundred Nil
lion of Exchange Sold In 1884.
ASketch of the Institutions which Form
So Vital and PreponderatinS
Al Element in le Business
of the City.

Below we give some incidents in the his
tory of the eleven chartered banks-state and
NATIONAL now doing business in st Paul,
together with a tabulated statement showing
the capital employed aud business transacted
in 1884 rs compared with 1888. These his
tories aud staJemen will be read with feel
ing of satisfaction and pride by all interested
in the welfare of st. Paul and the state, as
they show the financial standing Of the CAPT
tai am commercial city to be in all respects
most cTeditable TO the arrangements of the
several banking institutions, and also serve
TO emphasize the reputation St. Paul has
gained by the foresight and enterprise OF
these arrangements as one of the most i'm
portant financial centres in the United States.
After the magnificent showing made by the
banks in 1888, it was scarcely believed posi-
bic, In view Of the general financial depres-
sion continuing throughout the entire year,
that the business for 1884 would show
any increase over 1888. But such is the
case. While general reduction of business
has been the rule with banks throughout the
country, accompanied in many cases with
failures, the st. Paul banks show a decided
and healthy growth, as is proved by the adj
dltion during the year of two new banks to
the number of such institutions, by the in
crease of capital employed, Increase of their
surplus funds, their deposits, loans and ex-
changes. The showing under such circum-
stances demonstrates that the banking bust
ness of ST. Paul is in the hands Of able inan-
cers, and that while enterprising and wide
awake to the possible demands that may be
made upon them, their business is conducted
upon conservative aud wise principles, by
the practice of which alone can such success
as that now shown be achieved. With such
lever as these banks now WELD, and with
such an incentive to 90 forward in the same
conservative and judicious course as that
which has secured them such success in the
past, there eau be no question as to the flu
lure OF st. Paul, that is that it will continue
In the proud position IL now occupies of the
financial beart and commercial emporium
If the great northwest. But To the record
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
Arrrrra,e showing.

IN the above We have given brief history
Of the eleven chartered banks nov doing
business in ST. Paul, together with thsir
statements Tor the prescott year, which are
herrWitn tabulaied aud compared with the
business Of 1854 as follows:
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
CONTRACT WORK
Grading and entering Whitall Street.

OFFICE OF Tue BOARD OF PUBLIC WORKS,
CITY OF ST. PAUL. MINI. Dec 90, 1884.
Sealed bids will be received by the Board OF
Public Works, In and for the corporation OF the
city Of ST. Paul. Minnesota. az their oriee In said
city, until l2 IN, ON the .Sth day OF January, A.
ID. 1889, for the grading snd gathering OF Whit
all street, from Westminster street To Payne av
enue- In said city, according to the plans aud
specifications on ile In the OH e OF said Board
bond with al lesst two (2) sureties. in 9
sum OF at least twenty t2O) per cent Of the gross
amount bid must accompany each bid.
The said Board reserves the right 70 reject any
OF all bids.
JOHN HARRINGTON, President
Oficisl:
II. l. GoRxAx, Clerk Board OF Public Works
1926
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31

This hank oprrairs under a state charter
granted Oct 4. 1850. with q capital OF
$luu.uOO Unlike most if not all the other
hauks " the city ihis bank pays No interest
gu deposits The natural effect ol, this Is To
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
WORK.
Grading Park Avenue.
OFFICE OF THE BoAEp OF PUBLIC WORKS.
CITY OF ST. PAUL, MINI. Dec. III. 1884.

OFFICE or THE BOARD OF PUBLIC WORKS,
CITY OF ST. Paul, MINI. Dec IL 1884. (
Sealed bids will be received by the Board OF
Public Works IN and for the corporation OF the
city OF 81. Paul Minnesota al their office in said
city, until u N. on the .-ih day OF January,
A. D. lSoJ. Tor che grazing OF PARK avenue from
Martin street 10 Sherhurne avenue in
said city according TO the plans and specifications
On hl- IN % office OF salt Board
bond with at least two (2l sureties, In sum
Of at least twenty (20) per cent Of the gross
amount bid must accompany each bid.
The said Board reserves the right 10 reject any
OF all bids
JOHN HARRINGTON. President.
Oficia:
r. L. GORNAN. Clerk Board OF Public Works.
1920
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
CONTRACT WORK

OFFICE OF THE BOARD OF PuBLIc woRKs,
CITY OF ST. PAU, Milan. Dec. 70. 1881. I
Sealed bids win he received By the board OF
Public " orks in aud for the corporation Of the
City Of ST. Paul MinuesOta. 1t their oiice in
said city, until Il m. tue lsth day Of January,
A. ID. lSSS, for the grading OF Mississippi rect
fiOm fenn~5 wanna sVenue to Acker street. and
constructing the abutmen,s Tor the proposed
irou bridge over the tracks OF the - Paul, MIN
Deapolis i Manitoba railroad iu sill ci;y nc
eerding 70 the plans and specifications on lie in
the ofies OF said tioard.
bond with at least two (e) sureties In q sum
OF Al least twenty t2O> per cent, OF the gross
amount bid, must accompany each hid.
The said Board reserves the right to reject any
or ell bidA
JOHN HARRINGTON. President.
Ofis al:
X. = GoRNAS, Clerk hoard OF Public Works
$3.50
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
CONTRACT WORK
Grading University Avenue.

OFFICE OF rae BOARD OF PUsLIc WORKS,
CRY or st. Paul. Minn.. Dec. 20. 1884.
Sealed bids will be received By the Board Of
Public Works in and for the corporation Of the city
OF -. Paul ,ti:neSOia. st their Ofice Ia said city
mill l. NJ. on the tn day Of January. A. D.,
leeS Tor lne I ading vf Univ rsitv avenue Trrm
Rice street TO Grant street Ia aid civ arcord-
ing 10 the plans and specifications Gu ale In thu
Office Of said Board.
A bond with al least TWO (2l sursties in a sum
OF al least twenty t2lI per cent. OF the gross
amount bid, must accompany each bid.
The said Board reserves the right TO reject any
or all bids
JOHN HARRINGTON, President
OMcal:
r. l. GoRHAS, Clerk Board Of Public Works.
$685.
St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31

OFFICE or THE BOARD OF PuBLIc woRKs,
CITY OF st. PAUL, Milan. Dec. 70. 53I.
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1884-06-07
DESTRUCTIVE WATEERSPOUTS.
Entailing Loss of Human Life and De-
struction of Property.

A cloud-burst near Visilia, CAL,
broke with such fury as to sweep away the
house Of Peter Stewart and all the inmates,
consisting of himself, wife, mother, two
children and X. Weisner, a sheep herder.
The bodies Of Stewart, his mother and one
child were recovered to-day. They were
frightfully mangled and their clothes torn
into shreds. Weisner is injured beyond re-
covery. The house was dashed to atoms.
A cattle roundup camp on Frenchman
creek, near the Nebraska and Colorado
line, was destroyed by flood and eleven
cowboys, belonging to Colorado and Ne
braska outfits, were drowned. The flood
was caused by a cloud-burst, which &C.
Cured in a small Flathead and Cheyenne
Indian trail canyon. Tit water came down
in such force that it swept everything in its
path. Men, horses, wagons, camping put
fits-all were carried down the stream with
such force that but few escaped. The
names of the missing are: Lon Witherbee,
j. Lindsey, Robert Roddy, Robert Fowler,
Lynch, John Smith, l.. Netherton,
William Ferguson, William j. Peiton and
c. Hall. The bodies of the last four have
been recovered.
The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1884-06-07
The Bishop-Elect of Nebraska.

The New York Tribune says of the
protestant EpiscopaD bishop-elect of
Nebraska, Rev. George W~orthington,
S. L. D., that he is rector of St. Johns
church, Detroit, which has grown I'M
der his administration to be the third
parish in the United States in the num-
Der of its communicates. Its offerings
for missionary purposes are larger than
those of any church in the west. DIR.
Worthington is about fifty years of
age, has a fine face and a cordial man.
ner, and is a scholarly preacher and an
able administrator. A few years ago
he came within a few votes Of an cleo
ton to the bishoprlc of Michigan, and
last year was unanimously chosen
bishop of China by the general con-
.vention in Philadelphia. Though he
declined that position it is to be hoped
that he may consider f%avorably the
of the new diocese of Nebraska,
the work of which Is similar to that
he has so successfully carried on
Detroit. He is a graduate of Ho-
bart college and the general theologi-
cal seminary. g.