Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1908-08-04

ing Of the Wisconsin Valley Trust com
pany will be formally opened tomorrow
evening. The members of the company
and their ladies will be present, and
visitors will be ushered through the
building and shown the beauty of its
design. A cordial welcome to the pub
lie is giy-n. In connection with this
event the l'noT believes it the part Ct
duty to give its readers conception OF
the appearance of this building, the
purposes of the company, etc, in a
brief word description.
THE COMPANY.
Wausau is a live, progressive city.
That is conceded by every stranger who
visits US. Every growing community
welcomes as an addition to itsresources
any new business enterprise which will
be OF value to its people. Trust COM
panles have long been recognized as a
necessity in every city which is reach
ing out for better business meth
DDS, better conditions-units which
] mean much toward advancement.
Recognizing this fact and the further
fact that Wausau and Marathon
county, though making rapid strides
down the path of progress, were with
out such an institution, the law firm of
kreutzer, Bird & Rosenberg some time
ago decided to take the initiative and
establish such concern in our midst,
accordingly in January, 1907, the Wis
consin Valley Trust Co was duly or
gained
ITS PURPOSES.
1t was capitalized at $4,000, fully
paid in, and a deposit sufficient to pro-
| feet all creditors was made with the
state treasurer. Because of limited
space this week the PyLoT cannot give
detailed statement of the purposes of
a trust company, but we will say this :
A trust company is not a bank, nor
| does its business in any way resemble
or conflict with banking affairs, as
many suppose, though they are under
| the supervision of the states bank
| examiner and must make financial re-
ports TO him quarterly. They do no
| checking business and if old John Rookie
Teller with all his mllions-including
the twenty-nine which the government
| did not get-wanted to borrow 800 of
one of them for short time, he could
not get dollar One purpose of such
concerns is to receive deposits on long
| time, on which four per cent. interest is
| paid. These deposits are loaned out on
real estate mortgages, but no more than
l. sixty per cent. of the actual value of
the property can be loaned, making the
investment safe for the depositor at all
times. At the same time he is receiv-
ing higher rate of Interest on his
money than would be the case were he
to deposit it in some other institutions,
the state is protecting his deposit, by
placing restrictions upon the trust COM
pany. This means much to the man
who has saved little money and who
wishes to place it where it is perfectly
safe and at the ane fime draw fair
interest on it. Re may be 4 laborer,
who has not the time 20 look around for
an investment or who is not in touch
with such business. To him such
company is of great benefit
Another purpose is to act as admins
traitor, executor, trustee or guardian of
estates where deceased has died intes-
tate. Under the old system it is neces-
sary to secure the services of an at
torney, go through probate court, APP
point an executor or guardian, (the lat
ter must furnish a bond) and before all
the red tape has been unraveled, many
months and sometimes years elapse
before there is a settlement, which in
the end is costly procedure. A trust
company handles such business with
out the least Inconvenience to the heir
or heirs and in an expedient manner.
The charges are nominal and are fixed
by the state. This is one of the main
purposes and one most highly apprec-
lated by the people generally.
The last report of the local company,
made July 1, showed that it had on de-
post a total of $4,000 and had invest
ments in real estate of the value of
1880
PERSONNEL
The officers of the company are A.
L. Kreutzer, president; NJ b. Rosen-
horny Woo ,raS;dap4. ~ u p;r1 saora
tary and treasurer; Otto Fehlhaber,
cashier. When one does business with
such an institution be naturally wants
to know something about the people
connected with tiff he be a stranger
The above named gentlemen hardly
need any introduction at our hands
they have been residents of the city and
county for years, and are classed in the
list of our most able business aud pro-
fessional men.
A. l.. kREUTzER began his career by
attending that greatest of American in
stitutions-the common school-prepar-
ing himself for a higher education. He
later took law course and was gradu-
ated 10 1899 and admitted to the bar, at
! first being connected with the firm Of
j Brown q Pradt. He made rapid strides
in his profession and soon gained a
reputation throughout Northern Wis
consin as one of this coEinonwealth's
most able attorneys. He esriy took an
active part in politics, serving this
county as district attorney and eight
years as state senator. Through al! his
business career Mr.. Kreutzer has en-
ioyed the full business confidence of
our people, trust which he has ably
1 filled
VI. b. RoSENBERRY also framed the
beginning of his business life in the
common schools of his native state.
Some boys, when they ''go through"
the common schools. are content 10 rest