Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1907-09-05
SAMUEL MARSHAL,
BANKER, DIES
SAID TO BE OLDEST FINANCiER
IN THE STATE.
A LEADING MILWAUKEEAN
Organized Both the Marshall &
IIlsIey Bank in Cream City and
the State Bank at Madison-One
Son a Professor in the Uni
versity.

Madison, Sept. 2.-Samuel Mar
shall, founder Of the Marshall & Ills
ley bank, and the oldest banker in
milwaukee, died Sunday at his home.
40 Prospect avenue, at the age of 81
years after an illness of five weeks,
An attack of kidney trouble, aCcentu-
|ated by old age, was too much for the
veteran banker.
Miss Elizabeth Marshall, his daugh-
ter, and two sons, Charles l. Marshall
of Everett, Wash, and Professor W. S.
Marshall of Madison, with the family
physician were at the bedside at the
time of his death There was no sud
den turn for the worse, but the patient
had been growing steadily weaker.
His children and the family physician
had been in constant attendance on
him. Mr.. Marshall was unconscious
for some time previous to his death,
which came peacefully One son,
S. H. Marshall, Virginia farmer, was
absent
Samuel Marshall had been a promi-
nent figure in the business life of Mil
waukee for more than half century.
He was born at ConcordVille, Della
ware county, Pa. Nov. 20, 1920. His
father, Samuel Marshall, was a well
known and highly respected farmer,
and the family was one of the oldest
lin Pennsylvania. 1t was founded by
Thomas Marshall who settled at Con-
cordville in 1888, at the time William
Penn was laying out the city OF Phila-
delphia. In 1926 Thomas Marshall
erected at Concordville a brick house
which is still in the possession of the
family, and in which all the direct an
cestors of Samuel Marshall have been
born.
Mr.. Marshall received only pre-
paratory education, attending a board
ing school at WestlaWn, Chester
county, Pa, during the winter of 1888
1884, and at Belmont academy near
Philadelphia during the following win
ter. He was apprenticed the same
year to a hardware merchant in Will
mington, Del, and at the end of his
term he secured employment in a
hardware store in Philadelphia.
In 1847 Mr.. Marshall came to Mil
waukee, and with a few thousand dol
lars left him by his father, who had
died in 1882 he started a banking
business at what is now the southeast
corner of Huron and East Water
streets. He rented One-half of a
store, the other part of which was oc-
cupied by shoemaker. The business
prOspered, and two years later Mr..
Marshall admitted the late Charles F.
Illsley into partnership. The bank be-
came known as the Marshall & Illsley
bank. 1t was made a state bank in
1887, and is the oldest bank in con-
tinuous existence in the northwest
In 1858, Mr.. Marshall organized the
Madison State bank at Madison, the
first state bank in Wisconsin under
the general banking law. He was
president Of the bank and continued
to hold that office until 1890, when the
press OF other business cares and ad-
vancing age caused him to resign.
He continued in the presidency of the
Marshall & Ilsley bank until July
Is, 1901, when he rendered his resigna-
ton.
In 1850, Mr. Marshall was married
to Miss Elizabeth Grub of Whining
ton, Del, sister of the merchant to
whom he had been apprenticed. She
died in 1851, leaving one child that
died three years later. In 1857, he
was married to Miss Emma Hager of
Middleburg, Vt. She died in 1872,
leaving four children, all of whom are
living.
In an early day Mr. Marshall re-
sided in Madison, owning the property
which Governor G. G.. Washburn occu-
pied later and which the latter gave
to the Catholic sisters Now it is
known as Edgewood villa, or Sacred
Heart academy.
A large estate is left amoupnting to
a million dollars perhaps.