The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-01-26
FOR A new BANK
One Is to BE Established in
Topeka.
viii Be Located at Third Street
and Kansas Avenue.
UNDER STATE LAWS.
Will Have Capital of Twenty
five Thousand Dollars.
Known as German American
State ami Savings Bank.

IL the plans of c. L. Short and 9TH
| ers who are interested in the matter
mature lower Kansas avenue will have
a bank by the first of March and all
arrangements have been completed and
the stock subscribed for a state bank
with a capital of $4,000. Rumors have
| been rife for some time of the estab-
lishment of new bank but the plans
were completed today whereby the es-
Establishment becomes a certainty.
The new bank will be known as the
German-American State and Savings
bank and will be located In the two
story brick building on the northeast
corner of Third and Kansas avenue in
the building recently occupied by the
Kistler-Metzler Mercantile company.
Neither the directors of the institution
or the officers have been elected.
though the directorate is composed of
such well known Topekans as C. l..
Short. Oscar Bischoff. Christian States.
and others whose identity is not made
known at the present time.
There is not a bank between Sixth
avenue and the river though there are
er portion of the manufacturing section
of the city lies in the district included
within these boundaries. This portion
of the city has for years and prOba bly,
viii always remain the wholesale sec
ton of the city. and besides most of
the commission business of the city is
transacted north of Sixth avenue.
The men VINO are in the new insti-
tuition are all well known business
men who have been identified with
the growth and progress of the city
and understand the needs of the sec
ton of the city in which they will
established their institution. Besides
those who have been named it is un-
del stood that there are a number of
the business men interested in the in
stitution who have places of business
avenue.
In speaking of the venture one of
the promoters said: There is no
doubt in my mind that the field exists
which we expect to establish our in
stitution and the German-American
State Savings bank will place an in
stitution right at the doors of the
merchants on lower Kansas avenue.
There will be plenty of capital back
of the bank and several wealthy Hi
ncis capitalists are interested and
some of them will probably be named
as directors though the majority of the
officials will more than likely be
chosen from the local business men of
the city who are Interested.
There will be savings feature con-
nected with the bank though it will be
separate in a measure from the banking
business proper and this feature will
mean a great deal to the Santa F'e shop
employees. 1t will not be necessary for
them to come up town to do their bank
ing as has been the case in the past and
we will place a bank with all of it's adj.
vantages at -neir doors.
=. number of lower Kansas avenue
business men whose names have not been
mentioned will be interested in the in
st--ution and there is doubt but what
the bank will start with paying bust
ness from the moment it opens its doors.
This section of the city has been without
a bank and that in the face of the fact
that a large per cent of the wholesale
as well as the retail business of the city
is transacted north of the banking center
of the city. OF course some of the bust
ness men of that section of the city
tied up with uptown banks but that has
been caused by the fact that there has
not been an institution in their section
of the city which they could patronize.
The building which we will occupy is
two story brick and while it will not be
rebuilt at the present time the interior
will be torn out and remodelled and equip
ped with all facilities for first class
banking institution. BY the first of March
we will be in shape to handle all of the
business tributary to the section of the
city in which we are located and there is
no doubt as to the patronage the bank
rr~gH Afx-a'