St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-06


but three mortgages.
NJ. ID. Kenyon has been resident OF
Minnesota for twenty years. He is not
banker, but he is closely concerned in
banking by reason of his official duties.
Mr.. Kenyon is public examiner and
superintendent of banks of Minnesota.
Under the enactments of the legislature
it is the examiners duty, at his own dis
erection, to visit the banks, examine
their books, their deposits and sscuri-
ties, and see that they are in good con-
condition. Mr.. Kenyon is an expert ac-
cOuntant, and performs the duties CT
his office very acceptably and with credit
to himself. He Is man OF edu-
cation. and Republican as regards his
political belief. He was CLERK of the
land department in the state auditors
office for two years. from which posi-
ton he was promoted to the chief clerk
ship of the same Office. Mr.. Kenyon
held this position for thirteen years,
and in March. 1888. was appointed to
his present Office by Gov. McGill. He
has always been conscientious and
faithful officer, as well as an able and
efficieut one.
S. S. Stokes has built up his business
by his own efforts entirely. Thirteen
years ago ne came to st. Paul from
ElyrIa, Ohio. He was young man,
just entering business life for himself,
and for year was employed by fir m
of gasfitters. For about twelve years,
however, Mr.. Stokes has carried on the
business of buying and selling school
bonds. bank stocks. etc. By his opera
tons he has always gained the conf
dence of his clients, and conducts
business of very fiatteriDg size. He is
not bound by any ties to any particular
political party. but is an independent.
His business is entirely in his own
hands. and he is considered young
man oil ability and promise.
The Graves 81 Vinton company is
not distinctly st. Paul concern. They.
are the Western managers of tho
MiddleseX Banking company, of Mid
dletown. Conn, wealthy and firmly eS-
tabliShed banking house. The business
of the Middlesex company is that of a
debenture mortgage company, and il
has invested largely throughout the
Northwest, i'll Texas and in Mississippi,
with branch houses in Denver, Dallas
and Memphis. beside the st. Paul
house. The Graves and Vinton COM
pany has been in business here since
1880, and negatiateS mortgages and
loans on city and farm real estate.
William F. Graves is president. Mr..
Graves came to ST. Paul on the organiZa'
ton of the company in 1880 from Indian
apOlis. He is quiet and retiring man,
earnestly devoted to business. He is
Republican in politics and member OF
the Minnesota club, but is neither an
enthusiastic politician nor typical
club man.
B.Shotwell is vicepresident and treas
urer of the Graves & Vinton company.
He is young man and very unoSten-
tatiOus man. He formerly lived in Cadiz.
o., and came to st. Paul about six years
ago. He practiced law for year be-
fore entering the Graves & Vinton COM
pany. He does not mix in politics, or
indeed in anything that can in any way
distract his attention from business.
S. b. Mcconnell, the well-knOwn
financier, achieved his great reputation
and standing in the city's financial
circles through his long connection with
the st. Paul Trust company. For nearly
eight years ne was its secretary, plotting
it through the dangers and difficulties
which surrounded its youth into the
safe harbor of experience. About
year ago he severed his connection with
the institution to devote hts time to his
own interests, which are large and
varied. His investments are many and
are Skilfully and judiciouSly made, and
had he the time he would find abundant
occupation placing the investments
rendered him from the East.
A. p. CroonquiSt was one of the
original directors of the Peoples bank,
and held that position until very re-
Gently. Mr.. CroonquiSt is at present
making ali extended visit to Europe.
He is one of the most prominent men
among the Scandinavian citizens. and
10 SuA1n NV hirtD Mr. CrnnnnuiCt
has been a resident of st. Paul for
score of years, and during that time has
been engaged in various occupations.
He served Uncle Sam for time as mail
carrier, and left the employment of the
government to become a commission
merchant.
For some years he has been engaged
in the clothing business, and is senior
partner of the firm of Croonquist & Pc
terson, dealers in mems furnishing
goods. on East Seventh street. Mr..
Croonquist served the city for some
time as member of the board of edu-
cation. He holds no political offices,
but is treasurer of both the Working
mems Building association and the
Franklin Building association. He is
BILE city property.
The Bankers Life association. after
more than ten years of active competi-
ton in the life insurance field, has be-
come one of the most widely and favor
ably known of our local corporations.
Russell X. Dorr, its president and ma
tive Vermonter, came here in the year
1880 for the purpose of organizing the
company. After some two months OF
labor ne was successful in perfeetlng
the organization, and the young
company started out with six
policy holders, since which time the
number of its policies has run up to
over $500. 1t has at the present time
about $12.00O,000 OF insurance in force.
and has paid to the families of deceased
members over half million dollars.
The strength of the company and the
measure of its success can be found in
the restrictions and limitations of Its
charter. 1t furnishes life ins ur-
ance on the renewable term
plan" and its liabilities are con-
sequently computed on period OF
four months running from the date of
one mOrtuary call until the maturity OF
the next. At this stated period the ac-
crued liabilities are discharged by the
necessary premium call, and the CON-
pany enters upon the next period, at
the close of which, again discharges its
lldDlllGleS. anu 50 OH. H6 cOiupdlly ID
required to maintain and keep invested
in United States bonds a permanent
reserve fund to which the members con-
tribute according to age. This fund eX-
ceeds $3.50. 900, and standing back of the
mortuary calls guarantees the face of
the policies. The annunl eXpe nSe
charge is limited to Is per cent
of the reserve, which keeps the
average annual expense charge
down to about 1886 per Thousand dol
lars OF Insurance. The medical service
is of the highest character, and great
care is exercised in the admission of
members. The death rate has been so
low during the past quarter that the
usual July call was omitted entirely,
there being no deaths for which to
make an assessment, which is equal to
a dividend of 262S per cent to policy
holders.
@. w. Benson & Co., foreign bankers,
20 Metropolitan opera house. came to