St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-06
THE COMMERCIAL BANK.
In the Hands OF a Strong, Able
BOdy of Men.

! rated in 1887, and in May last entered
upon its fifth year of existence. The
| high standing which the bank now
holds, not only i'll the city of st. Paul.
but throughout the state, is merited
| tribute to the ability and sagacity of the
men at its head. The Commercial
bank came to the front from its very in
ception. The policy of its directors is
vigorous, yet withal conservative, and
| by all the Commercial is regarded as
among the strongest banks in the cOun-
try. Originally the bank was operated
under the national banking laws, but
change was recently made, and now it
| is operated under the state laws. The
change was one which displayed the
wise acumen of its president. st. Paul
had been made reserve city, which,
among other things, required the nation
| al banks to keep more money in reserve.
AS there is practically little difference
whether the banks operate under the
national or state laws-there is really
no adyantage-lt was decided to drop
the title national hitherto attached to
the Commercial bank. The idea
caught with the stockholders and the
action is certain to strengthen rather
! than decrease the deSirability of the
| Commercial bank. while it certainly will
keep more money in circulatiOn-a cir
| cumStance in these depressed times not
to be lightly overlooked. Every years
business-it may be truthfully said,
| every months business of the Com
mercial, Indicates an increase upon that
| of the former. 1t was started by st.
| Paul capital. with st. Paul men in con-
troll, and it has the confidence of every
| st. Paul citizen-capitaliSt, investor or
hat iI-a &c hI1S
| like policy about the Commercial bank
| which commands confidence, and the
longer your connection continues
with the bank that confidence is
| strengthened. The bank has to-day
! S1,000000 deposits. There are between
| 1900 and 1,400 open accounts. The
capital stock is S500,000 and there IS
! surplus and undivided profits amount
| ing to $4,000. When the bank was Or
| ganiZed premises were occupied at the
| corner of Fourth and jackson streets.
| So rapidly did its business grow that q
| little over year ago new premises were
entered at the corner of Third and
| Robert streets. The building was pur-
chased by the bank and remodeled for
banking purposes.
Albert Scheffer is the president of the
Commercial bank. To tellt the people OF
Minnesota anything about Mr.. Scheffer
that they do not already know is mere
waste of printers ink. Mr.. Schetfer'S
name is a household one throughout the
state. He is one of St. Paul'S most pro-
gresSive citizens. There is no move
ment, capitalistic, philanthrOpic or 9th
erwise. but what his name will in some
way be connected. and in many in
stances he is the life and soul of the
whole thing. Mr.. Scheffer migrated to
this country with his parents as q boy.
He bore his part hOnOrablv through the
rebellion, entering the war as private
and coming out with the title of lieu
tenant. Thereafter his connection
with ST. Paul is more intimately
concerned. Prior to organizing the
Commercial bank he was for many years
cashier of the Minnesota bank. They
say to judge mans worth ask the opin-
ion of his neighbOr. Mr.. Schetfer's
worth and public spiritedneSs may be
Judged from this: There is not pub
lie position in the city of st. Paul but
what if he asked for the citizens would
not eagerly elect him. He has served
several terms Ill the legislature, and
three years ago was backed by solid
delegation from st. Paul for the Repub-
lican nomination for governor of the
state. Mr.. Schetfer is still III the prime
of life.
Eugene A. Hendrickson is vice presi-
dent of the Commercial bank. He is
also manager of the London and North
west American Mortgage company.
He was born in st. Paul, his father be-
ing a well-known and highly respected
oil d settler. Mr.. HendricksOn has filled
many positions of public trust. He did
excellent service in the legislature Of1SS5
and 1887, being a mem Der of the house,
and has also done good work as member
of the park board. He enjoys large
circle of acquaintance, by whom he IS
regarded as man of sound business
qualifications. He is classed among
the strongest moneyed men III the city.
Mr.. Hendrickson is an indefatigable
worker, earnest and progressive in his
ideas. All public movements OF inn
pOrtance find him hearty and sympa-
thetic supporter, financially and other
wise.
ID. Aberle. or, as he is popularity
spoken of, Dan Aberle,' is we'll and
favorably known. Mr.. Aberle is at the
head OF the extensive wholesale and re-
tail liquor business operating under the
title of ID. Aberle Il Co. His connection
with this growing firm is of itself suf-
ficient to make him we'll known, but as
force in the politics of the state he oc-
cupies position of considerable inter
| est to the people of the state. Originally
Republican, the Mckinley tendencies
of the party were too much for him, and
he boldly announced the tranSference
of his allegiance to the Democratic fold.
| This was three years ago, and from the
| outset he has taken foremost part in
the ranks of the party. His cOunSels
are eagerly sought after, and his wide
| experience has been recognized by the
place he was given on the Democratic
| state central committee. Mr.. Aberle is
not merely a success in politics; he is
success in business. His firm has ram
| ifications in every corner OF the North
west. His sterling business qualities
| are shown by the positions of trust he
has been called upon to fill, and none
are more important than that on the d.
rectorate of the Commercial bank.
Bernard Kuhl is clasSed among the
ablest business men in the city. The
| fact that he was selected to manage the
| South st. Paul distillery, when it was
owned by local capitalists, is guaran-
| tee of the high estimation in which his
| business qualifications are held by those
| who know him. Mr. Kuhl is an acute
| Judge of men, and perhaps that is one
reason why, in the management of
| large concern like the distillery he was
| so eminently successful His business
enterprises nave brought MIN ldrSt
competence, and in the investment OF
which he has shown marked faith in
the future of the city with which he
has cast his lot.
James Middleton is a self-made man.
BY indomitable energy and industry he
has carved out tor himself a fortune.
Mr.. Middleton came to ST. Paul in the
very early days of its history. When
doubt existed as to the city's future, Mr..
Middleton quietly labOred on, placing
all his spare cash in acre lots. He held
on to his purchases, and to-day is classed
with the heaviest real estate men in the
city. Mr.. Middleton is a decidedly
practical man. There is nothing vision
airy abont him. He has devoted himself
necessarily to all public movements for
the progress and prosperity of the city.
The ward in which he resides-the
Second-has no better friend, as all
public Improvements he has assisted to