The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1907-05-02
Asst. State Bank Examiner Ac-
cepts Position in Merchants
and Savings Bank
LONG IN SERVICE OF STATE
New Cashier Will Have Active Man.
a&ement of Detail Work in the
Local Bank, and Will Become
a Director of Institution

the Examiners of the Wisconsin State
Banking Department, yesterday re-
signed his position and came to Ke-
nosha this morning to accept the
Office of cashier of the Merchants and
Savings Bank to which position he
was recently elected by the directors
of the Kenosha financial institution.
Cashier Kuolt will begin his duties
with the Merchants and Savings Bank
tomorrow morning. He will have
enSire charge of the detail of the
banking business. The coming of Mr..
Knott will make slight change in
the officials of the Banks and the new
list of officers is given as follows:
President, Henry B. Robinson; vice
president, G. P. Robinson; cashier, A.
E. Kuolt; assistant cashiers, Henry
b. Kotz and Milton A. Keut. The
list of directors will include iHenry B.
Robinson, G. P. Robinson, H. B.
Kotz and A. E. Kuolt.
The new cashier off the Kenosha
bank is widely known in the financial
circles IN Wisconsin and for the past
six years he has been one of the best
known men connected with the state
banking department. He notified
State Bank Commissioner Bergh of
his intention to retire from the service
of the state on Monday and in his
letter of resignation he said in part:
I'm severing my connection of six
years with this Estate banking) de-
partment, / desire to express my ap-
probation of the uniformly friendly
relations which have obtained during
my Official affiliations with you and
your field and Office force. In this
connection it behooves me to say thai
th,Aatate banking department is doing
instructive and inestimable work, and
ii is to be hoped that the time will
come when the value of this work will
be more fully recognized by the peo-
pie of the state than at present"
In accepting the resignation Com
missioner Bergh says in part:
II desire to say that it is with re-
greet that | accept your resignation.
Orally, you informed me of the fiat
tering offer of a position of trust in
one of the state banks which you have
decided to accept, and while | feel
that you owe it to yourself to take
this opportunity of improving your
condition, I cannot but keen1y rea-
lie the loss to this department of
your valuable services and your ex.
perience.
For some time the friendly rela-
tons between the State Banking
Savings bank have been apparent and
these eliminated in the invitation
being extended to Mr.. Kuolt to come
into the bank as cashier and as a
director.
The new cashier is not a stranger in
Kenosha. He has been known to the
banking interests here ever since he
first became connected with the State
Banking Department.. He was entire
ly in charge of the work of closing
the Kenosha State Bank at the time
the Komp institution came TO grief
and he remained here for some time
as the preventative of the state in
the settlement of the affairs of this
defunct institution. He is said to be
oneof the best posted men on banks
and banking in Wisconsin.
It is certain that Mr.. Kuolt will re-
ceive warm welcome into the
financial circles of Kenosha.