Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1891-10-29
Wood County National Bank
Viii Be OPEN For Business
No0emba Isl, 1897.

/ L
N00embe5 Ist, 1907.
It would be impossible to find any,
where in the financial or commercial
history of any land or time, record
that can compare with that of the Natl
banking system of the United States
It's unparalleled success, sustained
through twenty-eight yeals of active
operation. has conclusively proven its
superiority over any other financial
system yet known. Like all systems
and measures, this has its opponents,
| but none of these are able to suggest any
other agency by means of which the
finances of the country could be placed
| IN more satisfactory condition or upon
d safer foundation. The $780, or there
abouts, banks that are in existence have
now an aggregate, in capital, surplus
and undivided profits, Of nearly 81 ,000,-
100000 and their-te*al- -reeourUvs are
considerably in excess of So, 1000, 100000.
The vast sums held at surplus by far
exceed, in their proportion to capital,
the amount required by law, and evi-
dence the wisdom and prudence with
which the Affairs of the great majority of
the institutions are administered. Dur
ing the period covered by Hon. E. S.
Lacey's last annual report, 307 new
National banks were organized, with a
capital of $50 ,250, 900, and distributed
among forty-one states aud Territories.
A very encouraging rate Of growth has
been observable through the past year.
1t thus appears as Comptroller Lacey
says, that the persistent attacks made
upon the National system, based, as a
rule, upon misinformation and mainly
melted by baseless prejudices, have
failed to bring about it's destruction or
prevent its steady, indeed rapid extern
sion In all parts of the United States.
The involuntary confidence reposed by
the people at large in the associations
of which it is composed, growing strong
er every succeeding year, has at last
compelled their establishments in many
communities long falsely taught to re-
gard them as instruments of OPPRESSION
and lnimical to the public good.
Among the most recent additions to
the long list of National banking associa
tons is the WooD COUNTY NATIoNL
BANK, of Grand Rapids Wis, which
recently received authority to commence
business from the Comptroller of the
currency, the certificate being issued
under date of September 25, 1891. The
new bank is number 1858 on the "Oficial
Roster at Washington. 1t has a capital
of $4,000, a large portion of which
amount was subscribed by bnsinass mon
and capitalists of Wood County. The
bank starts out with dattering prospects
and under favorable conditions. 1t is
evident that a strong feeling of conf
dence prevails toward both the enter
prise and those who are connected with
its management. The Board of Direc-
tors is composed Of well-known and in
fuential citizens, under whose direction
the bank should certainly prosper. The
list of names is as follows:
L. M. Alexander, Edmund Roenius,
7. E. Nash, Frank Garrison and F. j.
Wood.
The officers of the Wood County Natl
are unquestionably "the right men in
the right places" Mr.. Frank Garrison
is President, and MI. F. J. Wood is
Cashier. President Garrison is a
wealthy and very able gentleman,
looked up to and respected by all who
know him. His judgment is thoroughly
sound and conservative, and his admin
istration will be, without doubt, a very
wise and successful one. Cashier Wood
is careful and experienced .fnancier,
who has established most honorable
reputation in his chosen line of work,
for which he is admirably adapted by
natural talent, as well as thoroughly
qualified by professional training. He
was formerly cashier of the First Natl
bank, of the same place, and he enjoys
the confidence and esteem of the busi-
ness community in an unusual degree.
The opening of another strong and
we'll conducted banking institution in
Grand Rapids will undoubtedly be at
tended with good results as regards the
progress of the community and the de-
velopment of it's busines interests, as
additional banking capital-Which is
equivalent to working capital-will be
supplied thereby. And this fact alone
should infuse new strength into the
commercial life of the cities. and stimu-
late the industrial enterprises Of the
entire section. The bank will transact
a regular banking business, and invites
the accounts of firms, corporations and
individuals upon favorable terms. We
cordially wish the Wood County
National Bank future of great useful
ness and marked prosperity.
LOCALS.
! Mr.. and Mrs. E.. P. Arpin are back