Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1906-01-01

ant cashier. Frank Boyd.
q. 8. Natl Rank. 18th a FarnRm SITS.
The United States National bank is the
strong institution formed in the summer
Of 1906 by the consolidation of the old
United States National bank, the Union
National bank and the Commercial Ma
tional bank. The capital stock is 100000,
succeeding combined capital stock OF
s., $50. 600 According to the last report to
the comptroller of the currency in No
vember. the deposits in the consolidated
bank are sSO26,6S2; loans and discounts,
s., 661 ,Oe1 and total volume of business,
s9,016.27s.
The officers are composed of some of the
oldest and best bankers in the state. Mr..
NJ. T. Barlow is president, Mr.. G. w. Wat
ties and Mr.. V. B. Caldwell vice presi-
dents, Mr. Alfred Willard cashier, and
Messrs. W. E. Rhoades. l.. NJ. Talmage and
@. E. Haverstick assistant cashiers. Be-
sides the principal officers the directors
are: Guy c. Barton, S. S. Caldwell. N. A.
Duff, c. w. Lyman, Euclid Martin, e. M
Morsman, A. l.. Reed, b. f. Smith, w. A.
Smith and c. E. Yost.
Since the combination of forces the
| United States National bank has made the
strides forward that it's organizers pre-
dicted 1t would. An impression that some
of the old business of each of the three
| banks would be lost at least temporarily,
was soon dispeled.
Merchants National Bank, Thirteenth
| and Farnam Streets.
| The Merchants National bank dates it's
| existence back to 1882, when it was or
ganized with a paid-up capital of 100000,
but in reality the foundations of the in
| stitution go back much further. In the
| fall of 1866 ]. A. Ware 81 Co. set up a pri-
vate banking business. with capital of
about $4,000. at the northwest corner of
Thirteenth and Farnam streets. They were
succeeded in 1868 by the State Bank of Ne
braska, $4,000 capital, which had Governor
Alvin Saunders for president and the late
Ben b. Wood and others the owners.
In 1876 Mr. Saunders retired and was sue
ceeded in the presidency by the late Frank
Murphy, then on the threshold of his ex-
traordinarily successful career.
The first officers of the Merchants were:
President, Frank Murphy; vice president,
Samuel e. Rogers; cashier, Ben b. Wood;
assistant cashier, Luther Drake The build
ing occupied at the northeast corner of
Thirteenth and Farnam streets was built
in 1888 at a cost of $4,000. Throughout
the years of it's life the bank has steadily
l increased lIS business ana resources.
According to the last report of 1906 1t had
"a, 943, 226 of deposits, $685. 375 of loans and
discounts, 81, 49,, 44O cash on hand and total
resources of s., 1871 1873. The present officers
are: President Luther Drake; vice presl-
dent, F. T. Hamilton; assistant cashiers,
B. H. Nellie and F. p. Hamilton.
Neb. Natl Bank, 18th q Farnam SITS.
The Nebraska National bank was opened
for business April q, 1882, with a capital
| of $25O,OOO, the largest at that time OF any
bank in the state. Its organizers were
Henry w. Yates and A. E. Touzalin.
Mr.. Yates had been connected with the
| First National bank from it's organization
in 1868 and resigned his position as cashier
of that bank to take the same position In
the Nebraska National.
Mr.. Touzalin was a we'll known railroad
man who at the time was general man
ager of the Burlington.
Mr.. s. R. johnson of the wholesale
grocery firm of Steele, Johnson & Co
was the first president and Mr.. Touzalir
the first vice president In 1888 Mr.. johnson
resigned the presidency, since which time
&. it has been held by Mr.. Yates.
The iron bank building still occupied by
the bank was erected in 1882 and occupied
the following year and was then the bes
bank building in Omaha.
According to the last report, November
8. the Nebraska National has deposits OF
$l,S75,551. loans and discounts of $1,0lS, 1872
cash of $751; and total resources Of
g. 59. 1885, The present officers are: II. w
Yates. president; Lewis S. Reed. cashier
w. q. Shepard, assistant cashier; H. w
Yates. Jr., assistant cashier.
j. L. Brandeis q Sons, 10th & Douglas
No financial institution in the city ha:
shown larger percentage of growth eact
year than ]. L. Brandeis & Sons bank
Beginning business in September, 1907 the
bank has today nearly 5000 depositors. will
total deposits of more than $65O,OOO Will,
the bank has made substantial earnings
there has been no disposition on the par
of the management to seek large profits,
strong preference having been shown To-
bonds and other securities Of the highes
class. Since it's organization the bank haI
purchased Omaha city bonds freely, having
been successful during that period in OBJ
tanning more issues than any other bank
Backed as 1t is by substantial and success
full men, this bank begins the new yea
under most favorable conditions and 4
bound to be one of the large institutions o
the west.
City Savings Bank, 18th 81 Douglas
The City Savings bank. established Il
1884. is the only bank in the city devote
exclusively to savings accounts. Tire
years ago the bank was reorganized wit
a capital stock of 100000 and under tn
present management has made a remark
able growth. The deposits have increase
during that period from $4,000 to i6S6.0oO.
The officers are: John F. F1ack, presi
dent J. A. Sunderland, vice president
William s. Hills, treasurer. The Board @
Directors includes, besides the officers
c. C. George, George +. Gilmore. X. z
, Drake and Robert Dempster These ger
tlemen have been untiring in their effort
for the bank and it's patrons
, south Omaha National Bank, 25I2
q street, south Omaha.
' The South Omaha National bank is tn
Oldest national bank at the Union Stoc
= yards. 1t was organized and began dom
!, business in 1887 and now has a capitl
: stock Of $4,000. surplus of s250.OOO IN
l. profits amounting to $500. The Officer
I and directors include some of the moi
: prominent business men and capitalists
n this part of the country. Guy c. Barto
$ Is president, IL. G. Bostwick is vice pres