Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1906-03-07

The Farmers State Bank was
duly organized at meeting Of the
stockholders last Thursday afternoon
at which time the company adopted
articles Of incorporation, and elected
directors and full set of officers.
The officers H. NJ. johnson presi-
dent, S. p. Thorpe vice president,
A. w. Mcdonald cashier. There
are nine directors, who are as fol-
lows: R. j. Mcneil, w. I. Kehoe,
FL. B. Schnier, d. FL. G. johnson, l..
Schnittjer, L. NJ. Hucker, S. P.
Thorpe, II. M. johnson and w. S.
johnson. The bank begins bust
ness with paid-up capital of $685.
600. which is Represented by stock
distributed as widely as possible
among the substantial farmers and
business men in the community. 1t
will be ready to serve customers as
soon as the certificate is issued by
the secretary of state and will con
tinue 20 years with the right of re-
newal. AS there is much to do in
getting ready for tho opening, buy
ing furnishings, and safe and other
items, the officers do not expect to
be open for business before April
LIST. Temporary quarters have been
secured in the Bernard building,
but the president announces that the
company expects to erect a new
building for the bank when loca-
ton has been decided upon. The
stockholders Of the new institution
are made up Of we'll known residents
of this community, large number
of them being prominent farmers of
wealth and influence. While the
problem of a third bank for Hop
kinton has been more or less dis
cussed for number of years, not
until recently has the movement
progressed to a realization. The
gentlemen composing the company
have canvassed the situation to their
satisfaction and believe that the
wealth and business interests of the
town have grown to a proportion
which affords field for an addition
al bank. With the establishment of
this situation Hopkinton will be
much better supplied with banking
facilities than most towns of its size.
With the Hopkinton State Bank, the
pioneer institution of the town. +.
r.. Tesar's private bank, which has
been in business for many years,
and the farmers State Bank, the peo-
pie of this section will be well SER
we'd with safe and conservative fnan-
cial institutions. The cashier Of the
new bank. A. w. Mcdonald, comes
to it from Monticello, where he has
been engaged for several years in
the offices of the Lowell bank.-Hop-
kinton Leader.
How much money does the aver
age farmer Of Delaware county make
out Of a seasons work? We do not
mean how much net profit is left at
the end of the season, throwing in
the labor of the farmer and his sons
in the fields and of his wife and
daughter in the house and poultry
yard, but how much profit results
after all labor is included at a fair
value and reasonable return allow
ed onthe capitalinvested in land, i'm
provements, implements, etc. Farm
bookkeeping should be simple,
but it is important. All such quest
ions as these are discussed in the
Iowa Homestead. Of DesMoines, Iowa,
a farm paper which we most heart
lily recommend to the farmers of this
vicinity and for which the Democrat
is glad to receive and forward sub
scriptions at responsible combina-
ton clubbing rate. The Iowa Home
stead has departments covering
every interest Of the farm and en-
ploys large corps of able special
contributors. The leading expert
rnent station, workers and bes. farm
writer's Of Wisconsin, Illinois, Iowa,
Missouri, Nebraska. Kansas and Ok
lahoma write for it.