The Kadoka press and Kadoka reporter. [volume] (Kadoka, S.D.) 1910-1923, 1915-05-14
Financial institutions
In Good Condition

| ne FTeSS Is Blau Inls Week 10
present to its army of Jackson
county readers, a partial statement
of the condition OF three of the
leading banking institutions of the
county.
Our readers are we'll aware OF
the fact that for us to be success
full county in every way, much de-
pends upon the strength of our f.
nancial institutions, and the atti-
tude of their managers toward the
people of the county. The Press
man can make this statement from
the actual experience that he has
gained by being interested not only
in the newspaper work, but by
having putin six years on a ranch.
We feel that we are in position to
appreciate the good which con-
servative banker can do his com.
munity and have not the least hes
itancy in saying, that the good
which the banks of Jackson county
has done her citizens, is beyond
our comprehension.
The largest banking house in the
county is the Farmers State Bank
of this place, and the rapid strides
which this institution has made
during the past two years is due in
our mind to the hustling abilities OF
its cashier, whose reputation as q
conservative banker and commu.
nifty builder is being known ali over
the state, and the aid rendered by
the strong board of directors and
stockholders of the institution.
The successful growth of the hank
cannot be laid to the good crops
raised, for, we as country have
been thru three bad years-yet no
customer of tllis sslnlsI.sg hoase,i1as
been crowded upon his obligation
nor has there been one foreclosure
OF any kind. With such manage
ment as this, the Press is not sur
prised when we note that the re-
sources of the Farmers State Bank
have increased sum of SIo, ooo.o
since the last published state
ment, nor when we see that the
deposits are $8,o 90 stronger
than they were at that time. Take
the statement all through and it is
one which any town in any new
country should feel proud of.
The State Bank of Interior from
copy af their statement mailed US
also shows an increase in resources
and deposits since their last call.
At this time they have have re-
sources amounting to $68,65g.33
and deposits Of $47,oo8. 81. This
institution virtually amounted to
nothing when the present manage
ment took hold of the bank--its
total resources at that time amount
ing to probably S25, ooo.oo with
deposits of around So, 90, but
under the management of its eff
cient cashier, II. c. Snodgrass.
assisted by j. c. Rounds its Pres
ident and O. E. Snodgrass, Vice
President, the institution began at
once to gain and today is one OF
the solid banking houses OF the
west river country. The writer
knows whereof he speaks, when he
says that this institution at Interior
has aided greatly in holding the
settlement OF the southwestern part
of the county with us, and in the
few short years to come the farm
ers and business men OF Interior
and vicinity will look back and
doubly appreciate the assistance
which the bank gave them.
The Belvidere State Bank sends
us condensed statement showing
their condition on May Ist., and
cashier Pier, as well as the other
officers of the institution, have
every reason to feel proud OF the
record which that growing institu-
rion is making. We note they have
a s., 10000 surplus, deposits of
nearly $40, 10000. and the totalre-
sources amount to $52, 22I.52. This
is indeed good showing for this
bank, and considering there are two
banking houses in that place,
speaks much for the confidence
which the officers of the bank are
held in by the citizens of that
place and surrounding territory.
! We had hoped TO be able to give
mention to the Cottonwood State
\ Bank of Cottonwood and I h q