The Kendrick gazette. [volume] (Kendrick, Idaho) 1892-1968, 1907-07-19
Bank changes
Big Doin3s in Banking
Circles During the Last
Two Wees
Kendr'Ck has two Strong
Ores

1t was presistently rumored about
two weeks ago that Kendrlck was
to have another banking institution
but such report was not verified till
last evening when the lenders of the
new organization gave out the follow
ing for publica ton.
In the meantime the Kendrck
State Bank sprung a surprise on the
public by move which involved the
purchase of the Moscow State Bank,
the removal of John Bradbury TO Mos
COW as cashier Of the latter institution
and the substantial support of the j.
Day interests as will be seen by the
fCl owing.
An event Of considerable Importance
to Mo COW Commercial circles took
place Yesterday, wten Mr. Jerome ].
Day. the wealthy nine operator and
| part owner of the famous Ierculese
| hiip0, 'ooh oVct tHc interest OF I. II.
Patten in the Moscow State bank, aud
4 i'll connection w,th John W. Bradbury,
president OF the kendrick Stote Bank.
beca netle owner of large majority
OF the bank S stock. Mr.. Day will he.
cone pre-. id ,ut and Mr.. Bradbury,
who has alre ,dy assume his duties,
will be the cashier. Mr.. Patten will
act as president till Aug. | at-.he re-
quest of the new owners. when Mr.
Day will succeed HIM.
One Of the early movements of III
new controlling interests OF the Mos.
COW State wiz be the increase OF the
capital stockS5f the bank from S25, ,oop
to S5o,o0o. This, it is under stood
will be"done early In the tall, When the
drops begin to move and the necess ty
| for liberal advances to move them be.
comes apparent. In fact, the Moscow
! State bank may henceforth be classea
as strong financial institution. cap
able of sustaining the largest burdens
that. in an agricultural community,
banks are generally called upon to
bear. Mr.. Bradbury, the new cashier.
has had wide experience in banking
and withal very succe sTful career,
while Mr.. Day in the few years he has
been in active business. has shown
marked aptitude along financial lines,
and with his large means and great
popularity is certain to give the reorg
anized institution great strength and
make it one OF the strong financial in
stitutlons.of the interior country.
Mr.. Pdtten' who retlres from its
management, was the organizer of the
bank and built up a nice business fol
it. Hestated today that he had no
plans for the future, AMI was not pre-.
pared to say whether he would remain
III Moscow or not.
We learn from Z, w Bra lhur,
who will be the active head of the
State Bank that the officers will re
main the same, the policy Of the bank
be the same and no difference will be
apparent except in the substantial
backing and strong financial support
| of the Moscow State Bank.
Feeling that the financial condition
of the totla,ch guaranteed such action
| the Vollmer interests have. with sew.
eral substantial residents of the var.
ious ridges organized bank which in
the next few weeks will be open for
| business. THIS new institution will be
known as the Farmers Bank & Trust
Co. thus enabling it to do a general
: trnst as well as banking business; Its
capital stock will be S25, 900, while
the heavy support Of the First Nation
al of Lewiston or the Vollmer interests |
will be back of the bank.
Temporarily the Trust Co. will open
its doors in the room vacated by DR..
Shoniz, next to the rostoflice, al
though later we learn it is the inten
ton to erect commoiious bank build. |
ing. The directors aud officers have
not been announced as yet, but will ,
likely be made known next week.