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

anu q ClIiECus
FIRST NATIONAL BANK.
With Heavy Capital, Fine Bust
ness and Prominent Director
e-e.
Tt re is perhaps no more clear illus
t~-.Jn obtainabIe of the results to be
attained by capable and careful man.
agement in business enterprise than
that 10 be found in the history OF the
First National Bank of st. Paul. one of
the largest banking houses in the state,
and one, too. conducted OH the sOundest
financial system. To-day the banks
capital is 81, 900, 900, with surplus and
individual profits amounting to 100000.
In 1868. when this, the first national
bank in the state. was organ
lied, the capital stock was $780,
900. J. E. Thompson was president,
and Horace Thompson cashier. Under
their management the institution in
creased in wealth and Importance, and
the capital stock was increased at yarl-
Gus times until. in 1873. the consollda-
ton with the City Bank OF 81. Paul oc-
Cured, and the stock was increased to
81, OO0. 600, with a surplus of 5000, 900.
In 1870, prior to the consolidation,
J. E. Thompson died. and H0r-
ace Thompson became president.
H. NJ. Knox, formerly public
examiner, now vice president OF the
Security bank in Minneapolis. was
elected cashier. These officers re-
manned with the bank until the death of
Horace Thompson in 1878, when Henry
p. Upham, now president, took the
chair. 1t is beyond doubt that much of
the banks prestige is due to the good
management of the Thompsons, carried
out and improved on by the succeeding
officials.
Henry p. Upham. president of the
bank to-day, has held the Office since
May, 1880. and has proved a power IN
finance. He has been connected with
the institution in one way or another
since its organization. first as teller,
then, until 1873, as assistant cashier.
He became cashier in that year
and remained in that position until
elected to the presidency in 1880. Mr..
Upham came to st. Paul from MasSa-
chusetts in 1851. He engaged in several
lines of business, notably lumber deal
ing. He is as widely known in the So
cial as in the financial world, and has
attained fame as graceful entertainer,
as we'll as a shrewd financier.
E. II. Bailey, cashier of the csncern,
was elected to that position at the same
time that Mr.. Upham succeeded to the
presidency. He came to st. Paul i'll 1871
and was first receiving, then paying tell
Ter until promoted to bis present posi-
ton. Mr.. Bailey is widely known in
the state. and is at once brilliant bus
mess man and much sought socially.
Judge c. ID. Gilfillan, vice president
of the bank since 1880. is so well known
that to speak of him is but to call to
mind a familiar face and figure to ST.
Paul people He is one of the oldest
and most prominent OF the banks pro-
mOters. He was the organizer Of the
st. Paul water works, and. III fact,
owned the plant until il was bought out
by the city. He is one of the largest
owners of property in st. Paul, and is
known to every child of ten in the city.
L. l.. Schumacher. one OF the directors
of the organization, is well known as
one of the firm of Indexes, Warner q
Schumacher. He begun his business
career in the bank as b0okkeeper. and
later became receiving teller. He re-
signed in 1879 to embark in the dry
goods business. in which, as is well
known. he has met with great success.
He has been for several years director
and heavy stakeholder.
w. L. Miller. assistant cashier, has
been attached to the bank since 1871.
He was formerly receiving and paying
teller. receiving his promotion in 1882.
He is native of Minnesota, being son
of John j. Miller, an old and we'll
known resident. Mr.. Miller is recog-
nized as an able man, and one peculiarly
fitted to fill the position he holds.
II. K. Bigelow is also about as well
known in st. Paul as any of the familiar
landmarks He is one of the most
prominent lawyers in the state, and was
formerly of the law firm of Bigelow,
Flandrau q Clarke. He is now counsel
with Fiandrau. Squires & Cutcheon.
Mr.. Bigelow has been director of the
bank for many years, and is also heavy
stakeholder.
James j. Hill. president of the Great
Northern Railway company, millionaire.
financier, OBSERVATION-DISCLOSURES can be
said about him that isn't known from
Maine to California. Mr.. Hill is the
largest owner of the banks stock and
has been a director for many years.
His recently built palace on
Summit avenue is one of the
most magnificent structures in the
Northwest. Mr.. Hill has within the
past year given over S1,0OO,000 to erect
buildings for educational and charitable
purposes. He is known as widely by
his deeds of philanthropy as by his
prominence in the railway and financial
world.
Francis B. Clarke, still young in years.
though to business circles long and
prominently known, is conspicuous
figure in ST. Paul. He is, perhaps, best
known in connection with the Omaha
railroad system. Years ago, in Hudson.
when the Eau Claire division was COM
pleted through. he began his connection
with the road, and displayed such a
talent for management that he was
brought to headquarters at st. Paul,
where he rapidly climbed to the impOr
tant position of traffic manager. At the
same tine he made Judicious invest
ments in real estate, which soon placed
| him among the list of wealthy men.
Some months ago he resigned his rail-
road connection to give all OF his atten
ton to his diverse private affairs. In
social life, as well as commercial, Mr..
Clarke has long shone. Travelled. cult
| ured, with artistic tastes and fine con-
versational powers, he enjoys life in
its best aspects.
E. ". Winter is known wherever sue
ceSsful railroad management is dis
cussed. Now in the prime of middle
life, he looks back upon singularly sue
cessful career. In sense he has grown
up in the railroad business, and its
complicated managerial machinery has
become a second nature to him. To-day
he is general manager of the vast Omaha
system, having reached the summit.
Besides a shrewd and enterprising rail-
roader. Mr. Winter is polished and
genial gentlemen, whom St. Paul de-