The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1885-09-24


Our manufacturers and mercantile
interests are greatly enhanced by the
banking institution of Paw Paw, a
point of considerable importance to
all financial men. The banking in
stitution of our thriving village is one
that must necessarily take position
in importance, wealth and capacity
in advance of its contemporaries; and
in this rank the First National Bank
must be placed. 1t is without any
idea Of depreciating the position, inn
portancc or ability of other financial
establishments of the city or country
that we rank the First National Bank
first, but by virtue of its age, its his
tory, the magnitude of its operations,
and the exceptional ability of its
management. "A few remarks in refer
ence to its operations we feel conf
dent will be of general interest.
Justly ranked as one of the most
solid and important banking houses,
the First National Bank has always
held prominent place in fostering
our manufacturing and commercial
institutions, and exerts an active in
iluence upon the financial condition
of the community. 1t has never
ceased, from its organization in 1865,
to the present time, to WELD CON
trolling influence uniformly of ben
efcial character; of course, consistent
with its successful financial manage
ment.
The policy upon which this Bank
has been conducted is an enterpris-
ing though conservative one, and,
considering the few changes that
have taken place in its officers and
directors, has continued substantially
the same from the period of its estab-
lishment. During the panic of 1873,
while many banking institutions had
to succumb to the heavy demands
made upon them, this bank kept its
doors open and paid promptly all de-
mands made upon it. This, of itself,
gives the people something of an idea
of the general estimation in which
the bank is held, and the confidence
inspired by judicious management.
There has never been time when
the bank could not stand any de-
mands that might be made upon it.
The executive officers are e. Smith,
president, and f. e. Stevens, cashier.
Mr.. Smith has, by his financial
ability and sound judgment, con-
duced in no small degree to the sue
cess and financial repute of the bank.
In speaking in complimentary
terms of Mr.. Stevens, we feel that
we are but lauding the bank itself
and doing him but mere justice, for
it is to the advancement of young
industries and enterprises of our city
in connection with the bank, that his
best energies have been devoted. He
is always ready and willing to aid
any truly meritorious undertaking.
Mr.. Stevens is most trustworthy
and intelligent gentleman, always
having pleasant face for each and
every one, and known throughout
this section as thorough business
man who has secured and maintained
the respect and esteem of his fellow
citizens, and has always given the
greatest satisfaction to all parties.
The capital of this bank is $780,
600, all paid up; surplus, $4,000.
This bank does a general banking
business, paying especial attention to
collections. Their charter was re-
Moved May 20, 1885, for 20 years.
Such being brief account of the
First National Bank, it is safe to
assert that there is no institution in
tins section of the country that
enjoys to fuller extent the conf
dence of the people.