Morris tribune., 1889-08-07
THE FIRST NATIONAL
BANK OF MORRIS.

CARRINGTON PHELPS, PRESIDENT.
HENRY S. JUDsON, CASHIER.
In rendering Q brief account of the
monetary institutions and advantages
enjoyed by this community, we are
led to give more than passing notice
to The First National Bank of Morris
as an organization specially founded
for the purpose of actively promoting
the industries and commerce Of Stew.
ems county, as we'll as for the attain
ment of that profit to which active
capital is justly entitled.
This institution was organized in
May, 1883, with paid up capital of
$4,000, which in March, 1888, was in
creased to $4,000.
The premises occupied are the finest
in the city, and are elegantly fur
nished and equipped, presenting q
decided metropolitan appearance.
The institution transacts a general
banking business in all that the term
implies, discounting paper, selling ex-
change and collecting on points both
in Europe and America with prompt
ness and despatch, besides transacting
a general insurance, loaning and real
estate business. 1t also has the agen-
cy for the sale of steamship and emf
grant tickets to and from all foreign
ports.
The present officers pre- Darlington
Phelps, President, Frederick L.Pierce
Vice-President, and Henry S. Judson,
Cashier, who are among our most
prominent fnanciers and business
men, while among its stockholders is
the wealthy Travellers Insurance Co.,
of Hartford, Conn, which owns the
largest block of stock and gives the
bank extensive credit among financial
circles both at home and abroad. The
president is their agent for life and
accident insurance and real estate
loans.
MI. Phelps, the president, is ma
tive Of Connecticut and is q graduate
of Yale College as a member of the
class of 1870. A year later he came
to st. Paul, where he continued his
law studies commenced at Yale, and
was admitted to the bar of this state
in 1876 and followed the practice of
his profession until coming to this
county in 1880.
Here he engaged in carrying on the
extensive farm which he developed
until 1885, when he was chosen to his
present position. He still resides on
and personally operates his valuable
stock farm Of 1900 acres. The esteem
with which he is regarded by his fell
low citizens of the county may be
gathered from the fact that he has
been president of the Stevens County
Farmers Alliance since the organiza-
ton, having been continually reflect
ed in spite of his request to be al.
lowed to serve the Alliance as a |
member only: The saying to the fare
mers of the county by Irvine contracts |
made by the Alliance during his term |
of office has been over $4,000.
Mr.: Phelps is to be congratulated on
owning the most beautiful of Lake
Minnetonkas beautiful islands
Phelps Island, tract of 500 acres Of |
virgin timber, with three miles of |
shore front, close by Spring Park Sta
ton on the Manitoba railroad.
In al! his business ventures he has
been eminently successful, and no less
50 in the management of the affairs of
The First National Bank. As a bust.
ness man he is thorough-going, con.
in policy, and is held in the
highest estimation in financial circles
Tor his ability and infexible integrity.
Henry S. Judson, the cashier, is a
native of Wisconsin and spent the
greater part of his boyhood days in
where he still has many
warm and influential friends, and has
zen resident of this state since
.S7l.
In 1883, the firm of I'll. S, Judson &
20. organized the Bank OF Graceville,