The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1913-06-27
tate which may depreciate in value
| Officers of the Company.

tate which may depreciate in value.
Officers of the Company.
Without a doubt a trust company
offers all the protection which only
an institution with perpetual exist
ence can give and which is not sur
rounded by the dangers that beset
human life.
At a recent meeting of the in
corporators of the Mankato Loan
and Trust company the following Of
ficers were elected: President, G.
NJ. Palmer; vice president, L. S.
Lamm; treasurer w. D. Willard;
secretary, j. ]. ,Flachsenhar.
Until larger offices are required
the company will be located as a
department of the First National
bank in it's new building which is
now nearing completion.
The first board of directors are
well known successful business men
who have had considerable banking
experience and are in an excellent
position to give the new company
their careful and conservative at
| tention.
G. NJ. Palmer as president of the
| First National bank and of the new
institution is well known in this
community. His association and ad-
! vice will be of inestimable value in
/ the pure hasing of securities for
trust funds l. S. Lamm, former
resident of this city is now con
nected with some of the larger banks
in Minneapolis. His services will be
of great value, as Mr.. Lamm Is
heavily interested in financial affairs
DR.. ]. w. Andrews is very promi
\ nent in the State Medical associa
ton as well as being very active IN
the public affairs of this city. B
Bangerter, Jr, who was the efficient
and well-known register of deeds fol
a number of years, is another valu
ors. F. NJ. Currier who was forme
mayor of this city, is another valu
able asset to the new company. MI
Currier is very conservative and
successful business man. Henri,
Thielman is better known as thu
"St. Clair banker" and well give
valuable information at the boart
meetings George E. Brett, who il
president of the Mankato Saving
bank is in truly an excellent position
to give considerable advice as to tn
real estate securities and other i'm
portant questions.
, Mr.. John Nyquist who has bee
so active in the matter of goo
roads is a very valuable director
His large acquaintance and bushes
experience will be of great value a
J all times.
The Active Officers.
w. d. Willard and j. j. FlachseI
har will be the company's first az
, tive officer. AS manager of tn
First National bank, Mr.. Willar
will be in an excellent position
guide the new concern and conserv
: its resources. 1t is now well know
) fact that Mr.. Willard is recognize
as one of the foremost financiers i
IHlS SIdle. Ills 0ClNlCCo |
the new trust company cannot b
! overestimated
p AS to the secretary, Mr.. Flachsel
!. har, The Free Press needs onl
. state that he comes from Verno
n Center with the highest recommel
dations. While located in that villas
. he was very active in business a
!. fairs. AS cashier of the Vernon Cel
g ter State bank and as recorder fl
q that village Mr. Flachsenhar hs
y won not only the confidence of tt
: people in that vicinity but the
highest esteem and good wishes as
q reward for his valuable services. B
g fore locating at Vernon Center, NJ
o Flachsenhar was with the First N
: tional bank for six years and is
h. every way well qualified to tai
c charge of the new trust company.
- 1t is expected that the compal