Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1912-11-27
ROCK ISLAND SAVINGS BUILDING.

here. Ten years ago Joseph Rosen-
field was president OF the Peoples
National, ]. NJ. Buford of the Rock Is
land Savings, and ]. F. Robinson of
the Rock Island National and Central
Trust & Savings. All three have pass
ed from the fed of their earthly en-
beavers. With them has gone Carl
Hellpenstell. cashier of the Peoples
National. Seldom has deaths hand
been laid so heavily upon the leaders
IN any given calling within so short
a period. The places of these men
have been taken, however, by others
qually able and trustworthy, and the
city's financial prestige has not suf-
fered.
STATE BANK.
The State Bank of Rock Island,
known by different names resulting
from changes in ownership and organ
ization, is the oldest institution of the
kind in the county and one of the two
oldest in the state. II was the only
bank in the county TO survive the pan
iC OF 1S57-5S The first bank in Rock
Island was that conducted by Cook,
Sargent & Parker. It. began business
in 1852 on the corner now occupied
years later it was removed 10 the
building then occupying the present
: site of the State bank.
In 1856 p l.. Mitchell and P. l.. Ca
/ BILE came TO Rock Island from Ken
lucky and bought this bank, continu-
: ing it under the firm name of Mitch
ell & Cable till 1860, when Cornelius
Lynde bought Mr. Cables interest,
and the firm became Mitchell & Lynde,
q name that was retained for 45 years.
During the IS years of its existence
un-Gr the well known appellation two
other banks were absorbed. In 1861
the Rock Island bank, which had met
with disaster in the panic of the late
5O's, was purchased. In 1853 Messrs.
Mitchell & Lynde organized the First
National bank, one Of the first insti-
tutions to be formed under the ma,
tional banking law. the charter num-
Der being los. and it continued
in business till absorbed by Mitchell
& Lynde in 1890
In 1905 the form Of organization was
changed to a state bank and the name
became the State Bank of Rock Is
land. with capital of 100000. Sept 6
1910, a savings department was open
ed and in two years had received
S7S5.000 in deposits. The officers are:
. President-Phil Mitchell.
Vice President. S. White.
= Cashier-K T. Anderson.
Assistant Cashier-C. F. Channon.
Directors-Phil Mitchell, l. S. White
, DR. G. l.. Eyster, B. d. Connolly
= Frank MiXter, Ira Karr. Z. II. Guyer.
r ROCK ISLAND NATIONAL.
In 1871 the Rock Island Nationa
bank came into existence through tht
: efforts of Captain T. ]. Robinson, whit
was its first president. Benjamin
Harper was vice president and A
Benedict cashier. Quarters were jus
west of Seventeenth street on Second
avenue. As the business district grew
toward the east the bank was remoy
ed TO the present location at Eigh
1 teenth street and Second avenue. ]
5 F. Robinson, son of Captain Robinson
4 soon succeeded Mr.. Benedict as cash
|. Ter and direction of the affairs of tn
[ institution was practically in hi
I hands till his death a few years age
! at which time he was serving a
n presiding. The present officers:
President-H Z. Casteel
Vice President-W. A. Rosenfield.
n Cashier-H. b. Simmon.
:. Directors-H. E. Casteel, W. A. RIOS
a enfield. Hugh E. Curtis, H. II. Cleave