St. Paul daily globe., 1893-10-28

Bank.
1t is now certainty that the National
German-American bank will resume
business on Monday, the 30th day of
this month. This news is received with
much rejoicing by all citizens of st.
Paul, embracing as well those immedi
ately Interested in the bank as those
who have interests dependent upon the
general prosperity of the community,
because financial institution of this
magnitude naturally occupies a very
large space in the industrial and COM
mercial enterprises of the city. The
business community, the stockholders,
the depositorS and general Customers of
the bank naturally feel deep interest
in its new organization, and want to
know all about it.
The directory has been cut down from
nineteen to nine. The capital stock has
been. reduced from two millions to one
million, and new officers have been
chosen to administer the affairs of the
bank. These officers are generally
known to the community, as but two
changes from the old management have
been made one in the election of John
A. Humbird as director, and another in
the choice of James w. LuSk as preSi-
dent. Although director in a bank is
not generally regarded as of much i'm
pUrtance Ga sentiment much to be de-
plored), the president is always regard
ed as the substantial and responsible
head and trout of the institution, and
rightfuiIy so.
Mr.. LuSk has been a resident of ST.
|. Paul for some ten years, and is we'll
known as a lawyer of high standing
and gentleman of large means, who
has interested himself in our various
enterprises, and was one of the largest
stockholders in the German-American
bank at the time of its suspension. He
is well and favorably known in the
roles OF attorney and capitalist, but has
never been recognized as banker. Mr.
Lusk is not man to blow his own trum-
pet. What he does he Goes well, and
his reward rests in the CONSCIOUSNESS of
having performed his duty. His selec-
tion as president of this bank by the
men most interested in its success is
evidence enough that those who know
him best feel assured that he is the
right man in the right place.
For the benefit of the many people
who do not know the new president,
and whose money is in his keeping, we
take pleasure in telling them that he
has had fifteen years experience as a
bank president under the most peculiar
circumstances. A party of gentlemen
wanted to start bank at Rcedsburgh,
Wis, and agreed to dc so If Mr. Lusk
would assume the entire control and
management of the same without any
directors. To this he asSented. and
after qualifying himself fully he for
fifteen years conducted the bank SO that
ItEpaid large dividends to the satis-
faction of all Interested, and when he
resigned his connection with the instl-
tuition a balance sheet was struck and
it was found that in all the history of
the concern the only loss that had been
made was s45. The bank still exists
and will speak for itself to any one in
terested in knowing its history.
Don't entertain the least apprehension
about the new president. His eXper-
ience is based upon a long life of
active business, and his head is as level
as billiard table.
Mr.. Lusk proposes to give up his
legal bust ness entirely and devote HIM
self exclusively to the business of the
bank. We do not envy him III the per-
formance OF the arduous duties of the
charge. but we congratulate those in
terested in the bank and the community
In general for having secured so saga
ciOus party to administer their affairs