The weekly tribune and the Cape County herald. (Cape Girardeau, Mo.) 1914-1918, 1915-03-19
zOELSMAN May Be
HEAD OF new BANK
L. c. Hamm is Selected for Cash.
ier of Cape Exchange
Bank"

SOHiIilISSlOIIct 4IlbCUell 1AlESUSlN even
ing issued corporation certificate to
the Cape Exchange Bank" $4,000
institution to be opened in this city
within few weeks.
Attorney VI. a. Dempsey, who has
been in jefferson City for several
days, wired incorporates of the new
bank Thursday night that the certi-
ficate had been granted. A few min
utes later he sent a message stating
that the bill increasing the capital
stock of banks, had passed the Senate.
1t passed the House last week.
The new Cape Girardeau institution
therefore is the last bank that Will be
permitted TO open in this state with
less than $4,000 capital stock.
The five incorporators were elated
when they received Mr.. Dempsey's
message. When the request was filed
with the Bank Commissioner, they
were informed that the bill was ready
to be taken up in the Senate. 1t was
feared that it would become a law be-
fore the Incorporation certificate could
be issued.
The $4,000 capital stock Of the
Cape Exchange Bank is fully paid.
The incorporators arc: a. r. Zoels-
mann, l.. c. Hamm, Robert H. Rueh-
mann, DR.. ". Z. Yount and Charles
H. Overstolz.
A. r. ZOelsmann. who Is president
of the Dempsey Grocer Company, has
been urged to accept the presidency.
and will probably be elected at 4 meet
ing to be held within the next two
days.
L. c. Hamm, son OF Charles Eaum.
a director of the Bank of FornfcIt,
will be cashier and secretary of tic
institution. Robert H. Ruehmann will
be vice president The two remaining
directors will be DR.. w f. Yount and
Charles H. Overstolz.
The bank will be absolutely indie
pendent Of the other financial insti-
buttons in this city, Mr.. ZoelsmaHn
announced last night. The location of
the bank has not been definitely decid-
ed upon, but building either on West
Broadway or on Good Hope street will
be its home.
The incorporators have been swamp
ed by business men who want to buy
stock but owing to the fact the issue *
comparatively small, it was anaounc-
cd last night that only men Of CXccp-
tional business ability would be per-
mitted to buy.
The incorpcrators Of the Cape FIX
change Bank are among the best
known young men iii Southeast Mis-
souri,. Charles H. Ovcrstolz, who pro-
NOTED the institution. IS Treasurer Of
the Cape Brewery & Ice Company and
a director in the Farmcs' Merchants
Bank, one of the best organizations in
this part of the state. He is son Of
the late Henry OverstolZ, twice may
or of st. Louis, and 4 step-son OF Dir.
Otto f. Forster, Vice-Prcsidcnt of the
First National Bank.
DR.. W. L. Yount is known over all
of Southeast Missouri for his medical
ability. He is regarded as one of the
best business men in this city, and ha=
an enormous practice.
L. c. Harm is one OF the most
prominent men in Scott County. His
father is one of the largest land owl
ers in the county and has been known
as progressive farmer in this part Of
the state for many years. For more I
than eight years l.. {. Hamm has been !
connected with the Lafayette Bank in
St. Louis, one of the most cOnSeTva- .
tive institutions in that city.
A. X. Zoclsmann was for many
years associated with Hon. Louis
Houck in the management Of his rail
roads. and is regarded as an excellent
business man.
Robert H. Ruehmann, is the presi-
lent of the Ruehmann Hide & Fur
Of this city, and is consider
,d one of the wealthicst young men in
his section of the state.
1t was announced last Light that
lad the bill increasing the capital
took of new banks to $4,000, the five
of the new Cape insti-
ution were prepared to furnish the
49, 900.
The five incorporators have unlimit-
d backing, it is said, and propose to
make the bank one OF the best in TIE
tate.
BEN WOLTERS IS DEAD
Ben VOTERS, who was brought to i
his city several weeks ago, when his