Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1897-05-27
THE CITIZENS BANK.
An Old Institution With a New
Name.
]. c. Saur Sells His Bank TO a
Strong Syndicate.

Monday morning the banking house
of J. G. Saur & Co. changed haDds,
Mr.. Saur disposing of the business to
Messrs. NJ. Donnelly, J. G. Groll, S.
NJ. Heller and NJ. Reiser, Sr. The sale
was made on account of the i'll health
of Mr. Saur, he hoping to receive
benefit by being relieved of the cares
of the banking business, which un-
der his guidance had reached large
proportions, the bank being one of
the soundest and most favorably
known in this part of the State.
Citizens to man regret that Mr..
Saur has been compelled to take this
step, and it is with reluctance that
they see him go out of active bust
ness relations, but rejoice to know
that he will remain among them,
ready to give his advice and assist
ance in all that pertains to the wei
fare of Napoleon and Henry coun-
ty, as he has done in the past
Everybody fervently hopes that Mr.
Saur may regain his usual good health
and that he may be spared many
years to his family and the good peo-
pie of this community.
The bank is the continuation Of the
1st National bank of Napoleon which
was established in 1872 with capital
of $50, 900. DR.. E. s. Blair was its
first president and soon afterits open
ing, the capital stock was increased
to $780, ,0O0 On July 1st, 1877, Mr..
Blair obtained control of the
whole business and continued in the
ownership until the 1st OF April, 1886,
when he disposed of it to Messrs. s.
M. Heller and J. G. Saur. Two years
later Mr.. Heller retired and Mr.. Saur
assumed complete control, which he
has had ever since until last Monday.
AS before stated, under Mr.. Saur's
supervision the bank became an in
stitution which was looked upon with
favor by every one, the proprietor
plotting it safely through the financi
al panic Of 1893, one OF the creates
financial disturbances ever experienc
| ed in this or any other country, witt
a skill and knowledge that further in
creased the confidence and trust tina
were reposed in him by all hi
fellow-men. The bank received tn,
almost exclusive attention of Mr.
Saur, he being always in touch will
the smallest detail of the business ant
ever alert to advance its interests
and as result the banking house O
J. G. Saur & Co. became a financia
safe guard Of worth to the citizens 0
Napoleon and vicinity.
h With this standard of excellenc
and reputation the business has bee
II turned into new hands and our read
ders can readily see how the bank ha
not deteriorated by the change, bu
4 that the financial backing has instead
been materially increased. No insti
tuition of trust in this part of the state
outside Of Toledo, and but few eve
in that city, has the financial standin
OF our new tCitizens' Bank" Will
a National bank is liable to the ez
tent only of twice the amount of it
capitalization, in a private institution
such as Napoleon has, each one of th
proprietors is individually liable t
the full extent of his wealth an
property; it can easily be seen wha
a bulwark of safety to it's creditor
the new bank is. AS an illustration
take the wealth of s. M. Heller, ad
to it that Of M. Donnelly, heap o
top of this the accumulations c
Mat Reiser and John G. Groll, an
where do you arrive? At a financia
safeguard whose stability can not b
questioned, and the integrity of who's
promoters in keeping it at the hea
in the future can not be doubted,
their past business relations is an
criterion.
The new management retain til
. services of the able assistants of Nj
Saur, r. 0. Blair, cashier, and J. 1
Groll, assistant cashier, which assure
patrons of the institution prompt sci
vice and polite treatment.