Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1910-01-12
TWO BANKS IN A
BEAUTIFUL HOME
Rumored Improvement to Cost
$4,000 Planned by Peo-
pies National.
TO OPEN SAVINGS BRANCH
Quarters to Be Enlarged for Accom-
mediation of Both Institutions
Annual Elections.

Rock Island is to have what it is
claimed will be one of the most mag
ni6cently appointed banks in the
west If the plans of the directors of
the Peoples National bank are finally
consummated, which is altogether
likely. AT least that is the rumor
In connection with the annual
meeting of the stockholders of the
bank yesterday afternoon the pro-
posed plans were discussed infor-
mally, but whether any action look
ing to their adoption was taken the
officers of the institution decline to
state at this time.
To Establish Savings Institution.
Expansion will. If it is carried out,
accompany the contemplated improve
ments, it having been practically
decided to establish savings
bank to be conducted separately from
the Peoples National bank, although
both institutions will occupy the one
building. For several years the Peo-
pies, whose business has been grow
ing at a rapid rate, has been cramped
for working facilities. The needed
relief will come with the vacation of
the storeroom at the west of the
Peoples by the M. & K, which is
arranging to take possession of the
Fries building, where that concern
will establish it's business on an en-
larged scale.
To Occupy Both StorerOOms.
The two banks will occupy both
ctr SAI,
into one, and will also have a portion
Of the space of the storeroom at the
north, now occupied as part of tho
M. & K, although the latter firm
will continue its lease and occupancy
of that part of the building in con-
nection with the Fries building.
The proposed remodeling plans
call for an entire new front in the Two
storerooms, the interior firishings to
be in marble and the furnishings to
be of special design and of elaborate
and exquisite richness. The amount
which 1t is understood 1t has been
practically agreed to expend on the
planned improvements is $4,000.
The alterations, together with the
establishment of the savings bank,
will be made in the spring, in all
probability.
Officers and Directors Reelected.
At the annual meeting of the
stockholders of the Peoples National
bank yesterday afternoon the same
directors were returned for another
year. They are: Otto Huber, Robert
Wagner, C. B. Marshall, William
Roth. Charles McHugh (Chicago), ].
H. Trimble, Carl HellpensteH. The
directors In turn reelected the Of
fcers, who are:
President-Otto Huber.
c Vice president and cashier-Carl
HelIpenstell.
Assistant cashier-G. o. Huck-
staedt.
Rock Island National Election.
The stockholders of the Rock Island
National bank met yesterday after
noon and elected the following direc-
tors: H. E. Casteel, Hugh E. Curtis.
H. H. Cleaveland, C. J. Larkin, Morris
S. fHeagy, John w. Tremann, E. D. |
Sweeney and Walter A. Rosenfield, the
board being the same as formerly COM
posed.
The directors held their annual meet
ing this morning and reelected the old
officers of the bank as follows:
President-H. E. CasteeI.
Vice President-W. A. Rosenfield.
Cashier-H. B. Simmon.
Assistant Cashier-M. S. Heagy.