The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1909-03-04
z. G. Simmons Resigns His Of
flee as President of the
First National Bank
C. C. BROWN SUCCEEDS HIM
Former Cashier of Bank Resigns as
Head Salesman for the Simmons
Company to Return to the
First National Bank
(From Monday IS Dailyl

Qute SUE was maze LII nnanc1al
and business circles this morning by
the announcement that z. G. Simmons
for the past thirty-eight years presi>
dent Of the First National Bank had
G. Brown, former cashier of che bank
and at this time one of the vice-presi>
dents, had been elected as president
of the bank. The resignation of Mr..
Simmons was presented to the direc>
tors of the bank at a special meeting
held on Saturday afternoon and it was
at once accepted and Mr.. Brown named
to succeed him. For the past two
years Mr.. Brown has held the position
Of general sales manager for the Sim
mons Manufacturing Company and he
at once resigned this position to return
to the bank and in the future he will
give his entire time to the banking
business. Mr. Simmons retains
financial interest in the bank and re-
mains as a, member of the Board OF
Directors, but Mr.. Brown has largely
increased his financial holdings in the
bank to enable him to take the place
as president of the institution.
No word of the approaching changes
had been given out to even the direc-
tors of the financial Institution until
Mr.. Simmons presented his resignation.
The retirement of Mr.. Simmons was
matter Of deep regret to the directors
Of the bank, but he insisted that his
many other interests made it advisable
for him to turn the presidency Of the
bank over to another. No other
changes will be made IL the officers of
the bank. w. FL. Purnell will remain
as it's cashier and he will have the
active assistance of thn-.4a3z- president
in the management Of the affairs of the
bank Mr. Brown was cashier of the
bank for twenty years and he reluctant
ly gave up this position two years ago
to become the sales manager for the
Simmons Company. He 10 pre-eminent-
t.IIy a banker and while he had made a
great success II his new Office he was
perfectly willing to accept the position
Of president when rendered to him.
For the present z. G. Simmons, Jr.,
will act in the capacity of sales man
ager for the big plant, but it is under
stood that he will have an assistant
later in the year,
,, The connection Of Mr.. Simmons with
the First National Bank dates back
to the early days of Kenosha and he
was one of the men interested in the
establishment of the bank. However,
his official connection with the bank
did not begin until 1871 when he was
elected to the presidency.
He had continued in that capacity
! until last Saturday afternoon. Mr..
Simmons had taken an intense personal
interest in the growth of the bank and
it had been one of his highest ambi-
tions to make the bank one of the
strongest in the middle west When
he became the president of the bank
lit had deposits Of $4,000 and when
he retires he leaves the institution with
average deposits Of over two and a
half million dollars. Mr.. Simmons has
given much of his time to the manage
ment of the bank and it is not without
regret that he turns the personal man
agement over to younger men. In
speaking Of the matter Mr.. Simmons
said: 81 realized a long time ago that
[ was not made for banker and while
[ have taken the deepest interest in
the growth Of the First National Bank
have felt that my many other inter
ests made it a. hard matter for me to
give to it the time that should be given
by president of SO. great an institu-
ton. Mr.. Brown is the logical man to
have the presidency of the bank. He
is a banker by nature and his twenty
years Of experience in the office of
cashier Of the bank have made him
the one man to be named as president.
| am not withdrawing my financial in
terest in the bank, but shall remain a
member Of the Board of Directors and
shall take the same interest in the de-
velopment of the bank in the future as
in the past.
Mr. Brown returned to the bank this
morning. Since retiring from the bank
as cashier Mr.. Brown in the capacity
of one of the vice presidents has given
all of his unoccupied time to the bank
and he is nearly acquainted with al, of
its business interests as he was when
he gave up his Office two years ago.