The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1907-01-11
GROWTH OF BANKING
IN TIE NEW STATE

living in the Immediate vicinity OF
Randlett
Chandler and Chickasha capitalist
have organized a new bank at Loon
ey in southern Greer county, to be
known as the First State bank OF
LoOney H. B. Johnson OF Chickasha
is president. =. s. Hoffman OF Chand-
Ter. vice president. and L. w Burnett
OF Chandler. cashier II has $4,000
capital and its organization has been
approved by Territorial Bank Com.
missiones H. H. Smock He has also
approved the organization of the
Canute State bank. new one In the
string of Thurmond banks. with Sl0,-
600 capital and these officers: ]. c.
Thurmond. president; j. p. Thur
mond, vice president. and E. E
Brown, cashier. Also of the American
State bank of Capital Hill. in Oklaho-
ma county d. w. Hagan is presi-
dent, J. NJ. Owens. vice president, aud
w. X. Ransom, cashier. II has Sle,-
600 capital
The Citizens state bank Of Nine
kah. new town Just south of Chick
asha has been opened for business
withS25.000 apital stock George
Beeler is pres Aent. Fred Beeler. vice
president. and T. NJ. Louts. cashier
Other new banks Just organized are
The First National Bank of Tuttle and
he Farmers State Bank of Manitou
One OF the most important OF the
recent bank changes was the ono
whereby Dennis r. Flvnn. former CON
gressman from Oklahoma William
Grimes, former territorial secretary.
and Dorsey Kreitzer. a son-in-law OF
Grimes disposed of their interests in
the National Bank of Anadarko. G.
A. Cleveland and r. J.. Boake of Ana
iarko and Otto A. Shuttee of El Reno
we're elected 10 succeed them as d.
-ectors. The other directors of the
hank as reorganized are n. T. Smith.
i w. Bellamy and h. S. Dixon, and
he officers are as follows: Presi-
lent. II T. Smith; vice president. G..
W. Bellamv: cashier, y. S. Dixon; tel
Ter, L. NJ Gilbert
Another change of Importance I'm
banking circles was the sale by o. B.
Zee of his banking interests at
Weatherford, ard his removal to OK
lahoma City. IA Is understood that he
will be connected with one of the
hanks in that city. During the past
i've years he has been at the head OF
hirty-two different financial institu-
ions. and still retains an interest I'm
most of them He bpilt the first
lmlding in both Lincoln and Custer
nounties He was almost ruined in
he cyclone at Chandler in the early
laws, and later his bank was looted
by robbers, but none OF these cir
cumstances has given him more than
4 temporary setback.
b. A. Randle, cashier of the First
National bank of Muskogee. has ten
iered his resignation, to become caah-
Ter of the City National Bank in the
same city. Mr.. Randle came to Mus
Iogee in January, 1899. from San An
tonic, Tex. where he had been con-
lected for number of years with the
banking firm of T. G. Frost & Co. V.
r. Coss, the retiring cashier of the
City National, retains his interest in
the bank. but will not hereafter give
he business his active attention.
Two bank changes are announced
from Pottawatomie county. Alfred
dare epresident OF the Exchange Bank
9f Tecumseh. retired TO look after
his street railway interests. and VIII
he succeeded by w r. Snyder of Han
nibal, Mo George Boggs. for many
years connected with the Asher State
bank, has purchased an interest in
the First National at McI.oud, and has
gone there to take charge. r. w. Al
lrich, az present cashier of the Bank
Of Harrison az Gotebo, and John Rich
art of Newton. Kas. have acquired
the Dunlap holdings in the Bank OF
Harrison. Richert has lately been as
sociated with the Metropolitan Bank
ing and Trust company of Los Angel
es. Cal. He will lecome cashier of
he bank and Mr. Aldrieh president
]. ID. Adams, formerly cashier of a
bank at Amorita, has been made as
sistant cashier OF the Homestead
bank
The First National bank of Chicka-
sha has been designated as a govern
ment depository Ardmore and Mus
kogee had been the only cities in In
dian Territory having that distinction
Three Oklahoma cities. Guthrie, Okla
homa city and Lawton. have govern
ment denositories The Nowata Ma
tional bank and the First Ma
tional bank of Bartlesville have been
designated as repositories for Indian
moneys, and have been placed under
s25. GOO bond each