The Richmond palladium. (Richmond, Ind.) 1906-1907, 1906-12-19
SECOND NATIONAL BANK
financial Institution Which Stands First Richmond Wayne
County, and Eastern Its Patrons Aggregate
More Than Million and nsIf--Ihe History of a
Wonderfully Successful Bank.

Scott, John NJ. Gaar was made Presi1
dent and served in that capacity until
Aug. =. 1900. At the death of John
Nj. Gaar, John b. Dougan was made
president. Mr.. Dougan is the only
remaining one of those connected
with the bank at its inception and asl
the banks growth is largely due ri
the business push and popularity
he and his young associates I'M
fused into it. it was most fit
ting and appropriate that the presi-
dency was placed in his hands. His.
health has improved TO such an eS1
tent that he is now able 10 devote a
part of his time TO his duties OF the.
bank. Foreseeing possibilities. Mr.
Dougan had at the departure of Dam
iel G. Reid, cast about for young men
who We're capable of growing INTO
the work, and becoming substantial
banking men, and found Samuel NJ
Gaar and George II. Eggemeyer. both
of whom have fulfilled all that had
been expected of them. and more.
The history of the Second NATIONAL
bank is a remarkable one in its earn
ings and in an uninterrupted careers
of prosperity against odds. Begin
ming in 1872, at the resumption of
specie payment, il was compelled to-
start in n modest way and to feel its
way under difficulties for the first
few years. Yet in all the thirty-four
years of its life. it has never failed TO
pay cash dividend to its stockhold1
ers, besides paying expenses, losses
and the taxes on all the stock.
1t is believed that no bank can
make better showing. In accom-
plishing this. which is nothing less
than remarkable banking feat, the
policy of the bark has been conservaf
tive. but not nis>>rdly. More kind
ness and leniency has entered into its
management than that of any otheI
successful bank in the country. 1t has
proved through the spirit infused in1
to ii by the officers OF the bank. that
corporations may have souls, and
that it pays, in every sense to be hu
name: that the successful business
man as well as the successful insti1
tuition need not dispense with q
heart.
The present officers of the bankI
are: Jonn b. Dougan, Pres: ID. G.
Reid, Vice Pres; $. w. Gaar, Cash !
Ter, and Geo. IL. Eggemeyer. Asst
Cashier and Vice-President. These of
ficers, with Howard Campbell. Charles
III. Land, G. w. Elmer, S. S. StrattanI
Jr, and c. A. Gaar comprise the hoard
of directors. All are capable business
men and stand high in the financial |
and social circles of the county.
At the present time plans are un |
der way for new home for the Sec
ond National Bank, the new building.
to be erected on the same site as now
occupied, Main and Eighth streets. Il
probably will be one OF the mode
banking houses in Indiana and Ger
tainly will be the handsomest Id
Eastern Indiana, rejecting in every
way the solidity and prosperity OF
the institution which it will house
The capital stock of the Second Ma
tional has been increased to $3.50, 900
Its surplus funds and undivided pro
fits. $4,000. The bank has paid IN
dividends to it's stockholders. $3.50.
000 The deposits of its patrons now
exceed $1,500,00O, with an increass
shown in each statement.