St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-07-06
ST. PAUL TRUST COMPANY.
A Financial Giant and Tower of
Fiduciary Strength.

A Financial Giant and Tower of
Fiduciary Strength.
In the capital authorized and in the
financial strength of its stock holders,
the st. Paul Trust company stands at
the head of the financial concerns of St.
Paul. 1t was organized on the theory
of constituting safe and permanent
agency for the transaction Of trust,
annuity and safe deposit business with
full protection to stockholders and
clients; and how we'll it has exempli-
fed that theory the whole city knows.
1t is authorized as trustee to handle
such real estate or personal property as
may be entrusted to it by any court or
corporation or person; to act as executor
of bills, administrator of estates,
guardian of minor or other legally
incompetent persons, trustee for mar
ried women. assignee or receiver. agent
or attorney in fact; also to receive and
as agent to invest moneys, to re-
ceive for safe deposit any valuable
property or papers, and generally to
do all the business suggested by its
title in a safe, convenient and satisfac-
tory manner. The business of
the company has been confined
to the administration of estates and the
execution of trusts, including Incident
ally the loaning of its own capital and
the trust funds coming into its hands.
Though the company is young, this
business has been enormous. 1t has
been appointed executor, administrator
or guardian of large number OF estates,
embracing property aggregating III
value over S6,000,000; it has been ap-
pointed as trustee by agreement OF the
parties in interest or under trust deeds
Of property aggregating in value over
S5,000,0 900, and mas negotiated loans to
the amount of many millions. The
Trust company was organized April 5,
1888, under an act of the legislature of
that year. Its incorporators, directors
and debenture trustees include the
names of all of the heaviest tinanciers
and most solid moneyed men of st. Paul.
Gen. j. w. Bishop is practically the
organizer Of the company, as 1t was due.
his efforts that the plans were carried
out. He has been its president since it's
formation. Quite an important career
in st. Paul and Minnesota has been
that of Gen. Bishop. He is a New
Yorker by birth. and claims Jefferson
county as the place of his nativity. A
thorough course Of college training was
supplemented by course of civil en-
cheering, which he chose as his pro-
fession. Shortly afterward he came to
Minnesota and engaged in surveying,
and put in little time also at editing
paper at Chatteld. When the st. Paul
& Sioux City railroad was projected,
Gen. Bishop was appointed chief engi-
neer. He constructed the line, and sub
Sequently became its general manager.
He resigned this Office to engage in the
more lucrative traffic of railroad con-
tracing, which he carried OH until the
trust company was organized. In his
various enterprises Gen. Bishop pros
pered. Whatever he touched turned to
gold, and success went hand in hand
with every labor. To-day he is fore
most man of st. Paul, wealthy, honored
and respected.
G. w. Eberlein, secretary of the Trust
company, is young man still on the
sunny side of thirty. He could be
deemed too youthful for his responsible
office, were il not that he brought to it
an unusually we'll balanced mind. and
withal considerable experience. He
was a trained accountant in city news
paper office, and on recommendation of
Gen. Bishop, Col. Drake and others was
given a responsible position with the
company. Upon the retirement last
year of Secretary s. 3. Mcconnell, the
succession was awarded Mr.. Eberlein.
He vindicated the choice by making a
sterling officer, competent, clear-headed
and sagaciouS. He is a st. Paul man
throughout, and prime figure in the
galaxy of young financiers of whom st.
Paul has reason to be proud.
p. Ii. Kelly, like most other promi-
nent men, IS an old settler. He is pres
ldent of the p. Fl. Kelly Mercantile
company, and. before engaging in the
wholesale grocery business here was
one of the prominent grocers of Mime
apolis. Mr. Kelly is one of the prom
inent and influential Democrats of the
state. and was member OF the ma
tional Democratic committee for Min
nesota from 1880 to 1858. He is very
busy man, and owes his success to his
ability and persistent effort. He is still
a Woodworking business man, bat is
eminently philosophical, and is act
lively and practically interested in every
thing that pertains to the prosperity of
st. Paul. OF later years Mr.. Kelly has
withdrawn from active participation in
politics-though still retaining his lively
interest-and devoting himself more
and more to the demands of his ever-in-
creasing business.
f. q. IngerSoll, the youngest director
of the trust company, comes from an
old and honored st. Paul family, son
of ID, w. Ingersoll, the retired pio-
neer. Given all the educational advan-
tages that intelligence could suggest
and wealth command. Mr., Ingersoll was
then especially trained for the law, and
has entered upon what promises to be-
come distinguished career at the bar.
He is ready orator. of good address and
pleasing personality and general popu-
larity. Many times his name has been
mentioned in politics, but his efforts
have thus far been for others. declining
to become candidate himself for any
position.