Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1899-09-20
The Delaware County state Bank.
aeyAl BAKING eoxpeR COL, NEW WORK.

I
On December 4, 1857, several of the
then leading business men of this city,
organized the Delaware County
Bank under the general incorporation
laws of the state. Its first officers were,
Us. Belknap, President; Charles Pax
son, Vice President; VIM. H. Seeds;
Cashier; and Us. Belknap, VIM. Cat
iron, H. M. Conger, E. N. Tomlinson
Charles Burnside, kay b. Griffin, w. H.
Board, Thos. Toogood and Charles Pax
son, Directors, all of whom have passed
to the great beyond except Measrs.
Conger and Burnside.
On March 2nd, 1868, the bank opened
for business In Q small frame building
on the site Of its present bank building.
The new financial venture prospered
and in 1879 the old frame building was
removed and a handsome brick edilice
took its place, and in May of the fol-
lowing year Its capital stock was in
creased from $4,000 to $4,000.
Upon the expiration of its charter
several years ago it was recognized
under the name of the. Delaware County
State Bank. Its present officers are VIC.
Cawley, President, who succeeded Mr..
.Belknap; R. W. Terrill, Vice President,
who succeeded Mr.. Paxson; and Charles
j. Seeds who was elected cashier upon
the decease Of his father, w. II. Seeds
G. w. Keagy, Asst. Cashier. The di-
rectors are, besides the officers above
named, w. G. Kenyon; E. P. Seeds, Ii.
f. Arnold, G. w. Durham and NJ. H.
Williston.
Mr.. Keagy's connection with the bank
ante dates that of any of its other
officers or employees, he having entered
Its service soon after its organization.
We are led to make this brief review
Of this pioneer business Institution of
this city by reason of the recent improv-
ments made in its bank building. When
1t was built, it was one of the best if
not the best building in the city. At
that time its banking offices were re-
garded as very finely furnished and
strictly up to date. But few months
ago its officers concluded that the time
had arrived when a step forward should
be takenin order to keep pace with the
procession of progress, and it was de-
cided to make some Improvements
Plans were procured and work com.
menced, with the result that the inter.
Tor of the building has been entirely
remodeled at an expense Of several
thousand dollars. A very pleasant
Office has been made of the front of the
basement for the Quaker Mill Com.
pany, where Illisd Walters and Ed
Hruby look after the business interests
of that growing enterprise.
The first story, occupied by the bank
has been remodeled and refurnished, is
very convenient and presents very in.
Wiling appearance. The vault is moi
only fire proof, but is believed to be
proof against burglars, by reason of the
addition of two new time lock doors.
The entire second story has been
made into suite of offices, the finest, to
our notion, of any in this city, and are
occupied by the law firm of Yoran, Ar.
mold u Yoran. 1t is the intention, We
understand, to put in hot water plant
this fall of sufficient capacity to heal
the entire building.
The last quarterly statement of the
bank appears in another column and
makes the best showing of any in itf
history.