St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-06
THE STATE BANK.
The Youngest Financial House
and Its Fiourisbing Outlook.

The Youngest Financial House
and Its Fiourishing Outlook.
The State Bank of st. Paul is new
institution, and was started TO supply
the needs of the business community In
the vicinity of its location, on the cor
ner of WabaSha and Rice streets. Bust
ness men of all classes, particularly
those of German descent, who live and
do business in that part of the city,
often expressed wish for
bank up town. The talk took shape
with the result that the State bank
opened its doors for a share Of patronage
on October %, 1890. About eighty
prominent business men are among the
stockholders several OF them being
mer of extended money resources, be-
sides having a wide experience as imam
ceers and men of good business meth
DDS. The bank makes a specially Of
collections. 1t buys and sells drafts to
all parts of Europe and has cor
respondents in the most impor-
tant cities of Europe as well as
the Uni-ed States National bank
of New York. The business of the bank
has thus far proven to be very salts
factory and is growing rapidly. The
active officers of the bank have the con-
fidence OF the business community, and
are energetic and affable gentlemen.
Charles Joy, the president. is man
of good business tact, and although or
modest disposition, he has made many
warm friends in his business associa-
tons in the city. He has a disposition
that will make him friends, and good
adviser. He is connected with another
bank, as director, and has other bust
ness interests. Much credit is due him
in successfully organizing the lnStltu-
ton as well as IN promoting It's sue
cess.
Herbert J. Freeman, the cashier, is
young man who had thorough bust
ness training in his several years con-
nectiOn with the John Martin Lumber
company. His career as banker is
bound to be a success, as he Is con-
ScientiOUs, painStaking, capable young
man.
UTia L. LampreY. who is member OF
the board of directors, Is one OF st.
Paul'S well known attorneys. He is an
able lawyer. and his advice in bank
ing house will be sound and business
like. For years he has enjoyed large
and lucrative practice in this city, and
his information is of a practical char
aeter, especially valuable when brought
to bear upon the business of bank.
{. Ii. HOuck, another director, has
made a success in the business OF
butcher and dealer IN meats and live
stock, and his place Of business, 80
Rice street. is we'll patrOniZed by peo-
pie who rely upon his honesty and in
tegrity. He lives in the vicinity con-
tributing most largely to the banks
business, and was one Of its founders.
He is one of the most practical OF It's
directors. aud under his guidance the
banks business is certain TO increase
and flourish.
John F. Eisenmenger is one of the best
men on the board of directors. He Is
cabinet-maker by trade, and still keeps
a furniture store near the corner of Rice
and WabaSha streets. He also does
large business in real estate, in fact, the
greater amount OF his time Is given to
this business. He IS 4 Self-made man
and enjoys the confidence of his ac-
Quaintances. The earnest Self-rellance.
which made successes of his own affairs,
has been brought to bear upon the buSi-
ness of the bank with marked results.
NJ. L. Ryan is one of the heavy
stockholders. as well as one of the most
competent Of the banks directors. By
occupation he is a contractor and build
er, and his work may be seen through
out the city as monuments TO his ability
as a man Of judgment and skill lie
has accumulated q large share Of means
and owns a large amount OF valuable
real estate in the city. The bank owes
its existence largely to his enterprise
and energy and in his conservative
care there will be no fear for its future
prosperity.
Joseph MatZ is one of the most bust
ness-Iike directors of the State bank.
He is thrifty POlandeT, who came to
st. Paul twenty years ago with no
means: he is now thirty-Seven years
old. and has a mature conception of the
business ways of the country. He be-
gan business in a small way soon after
coming TO st. Paul, and has had the sat
iSfacton of seeing it grow to ample
proportions under close application.
Business men say of him that he is as
straight as Il string, and is a hard
worker. People who deal with him
have confidence in his integrity, and, as
a consequence. his time is taken up
with the affairs of his varied interests.
Fer the past nine years he has been
doing brisk bushes as grocer at 573
Rice street, giving it his personal at
tention aided By number of
clerks. He also owns whole
sale and retail liquor store
at 81 Rice street. over which he eXer-
ciSes a general supervision Mr. MatZ is
stakeholder in the Germania, the Ger
man American and the Savings banks
of St. Paul. He has dealt considerably
in real estate and does something in
that line yet. He is the agent for an
ocean steamship line, and sells tickets
to all European countries. As an in
surance agent he has a good business,
and is the representative of the st. Paul
German Insurance company in his part
of the city. Thrift and a close applica-
ton to business have done much for
MI Matt. and while he is in easy cir
cumstances, upon which he might re-
tire. yet his long continued habits of
industry have grown upon him TO such
an extent that he works as hard as
when he began his career in modest