Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1905-01-10
FIFTY YEARS OF HONORABLE SERVICE.
Such is the Record of the old
Whine shiek County Bank
and the WInneshiek
County State
Bank.
A HALF-cENTURY OF FlNAN-
ClAL INTEGRITY.
$4,000 Capital in 1855. vs. !. Present Legal
Liability of &22O. 900 and Person-
al Wealth in Its Stockholders
of more than Double
that Amount.

uall century or close persona
service to a community in a semi
official relation demanding for success
public confidence, strict integrity and
business stability of high character
Is an accomplishment rarely won in
this western country. 1t is therefor
q career which the winners may con-
template with jlstifiable pride and
honorable satisfaction.
1t was In 1856 that Horace Spapgler
Weiser, young man born in York,
Pa, literally educated and trained
for the legal profession, sought loca-
tton In the then developing West
where such talent might find a field
for service. Iowa was then only nine
years old as a state, and settlers were
pushing their way to the upper por-
zion. The location of land office at
Decorah made this an attractive point
for land seekers and enterprising
young men. Hither Mr.. Weiser came.
Although educated as a lawyer, bank
Ing was in his blood, his father had
been successful banker for many
years, ard the boy, probably, had an
informal training in that direction.
Instead of hanging out his shingle
aud waiting for business to develop,
he swung out a sign that read
WINNESHIEK COUNTY
BANK,
and his cards and business paper
added Capital s5 ,0o0." That meant
incredible wealth, for, with land at
sl.26 per acre, payable in land war
rants purchasable at three -fourths
their face value, it was equivalent of
1854 acres, or more than ten sections
OF land. From that day to this the
title of this banking house has
remained unchanged save and except
by the addition of State, when it
incorporated in 1902, under state law,
and became the
WINNESHIEK COUNTY
| STATE BANK.
Also, during all this period, the
name of Weiser has been inseparably
associated with the bank as owners
and managers. After the death of
n. S. Weiser IN 1875 the burden of
carrying on the business fell upon
Mrs. Weiser; but, fortunately, she
had at her right hand Mr.. E. W. D.
Holway, who for thirty-fve years has
been associated with the institution
In its management and successes.
Other than he no one outside of the
Weiser family has at any time owned
an interest in it's affairs. At the
incorporation q. ]. Weiser, Amy
Weiser Carlisle, Anna Weiser Jones
and q. w. d. Holway were (and now
are) its sole owners. These parties
now represent wealth one hundred
Tunes greater than the original capital
Nine active people are required to
transact the business OF the bank
and their terms Of service have been
/. e.:-
@. j. Weiser. President, 81 years.
+. W.'D. Holway, Vice President, IS years.
Ray Algyer, Cashier, 3 years.
d. b: hustvedt, Assistant Cashier, years.
Albert Anfnson. Teller. Q years. 49,
Anna O. Whalen, Stenogra pher, Z years.
Eugene Chamberlain, Bookkeeper, years.
Christine Peterson. Bookkeeper. years.
George Kern, Messenger, 8 months.
/ In accordance with custom O.
several. years standing the banl
begins the year with a statement o
Its condition. It shows it to be th'
the largest bank largest in capita
aud deposits) in that part of N. f
Iowa east OF Mason City and north o
Dubuque. Among the other feature
in which it.is pre-eminent are these
The sank paid 81 .521 80 in taxes last year.
It has noJ-hada q foreclosure for twenty-fou
years. -
The capital stock OF the bank is 100000 an
to this SO 900 surplus fund has been added 1
the two yesfsslnce Incorporation.
It has cashNRd'eash resources amounting t
$l6a, $685..
The volume Its business for the past yea
lacked only fraction Of amounting to a roun
Twenty Mfrlioh dollars.
Its business relation to the people who hay
made such q business possible by their apprec
alton OF its courteous methods are divided inl
four classes. viz:
Il