The weekly tribune and the Cape County herald. (Cape Girardeau, Mo.) 1914-1918, 1915-10-22
BANKS GREW AS
SWAMPEAST MO.
WAS DEVELOPED
-StubblefieId
Cape Banker Outlines History
Of Banking Houses At
Group Conference
COUNTY" FINANCIERS
CONTROL $3.50, ,162
Resolution Approves Wilson's
Foreign POIicies-LesIie is
Next Chairman

Bankers representing nearly $1,000,
900 in capital stock and surplus il
Southeast Missouri country banks anc
representatives of many millions nor.
from larger banks over the state Yes.
terday afternoon, at conference OF
Group Six Of the Missouri Bankers
association, adopted a resolution com,
mending President Wilson for his
foreign diplomacy during the war.
The meeting lasted but a single dav,
and virtually every Country" bank in
this part Of the state was represent
ed.
The remarkable growth of banking
in "Swampeast' Missouri was described
in an address by William H. Stubb!r-
field, Jr., president of the Sturdivant
Bank, as a feature of the program.
Group Six comprises the following
counties; Perry, Madison, Iron, Rev
nolds, Wayne, Bollinger. Cape Girar-
deau, Scott, Mississippi, New Madrid,
Stoddard, Pemiscott, DunkIin, Butler.
Ripley and Garter.
"There are 142 banks in that area
now," Mr.. Stubblefield declared. "The
capital stock of all of them is S4,1O7.-
800. The surplus is 81 $1,772,362, max
ing total of capital and surplus of
$5,SSO,162.
deposits aggregate S3,538,5OO and
the amount Of loans totals s. ,269.34O.
"The rise of the banking business
has been coincident with the develop
ment of the land in this part of the
state.
Prior to 1887, there was only one
bank in the area that now comprises
this group. That was the Sturdivant
Bank. Between 1866 and 1887 there
were only three banks organized.
Those were organized in 1887 and were
at Poplar Bluff, Charleston and Skies
ton.
Congressman Joseph J. Russell now
is president of the bank organized at
that time in Charleston. The Cape
County Savings Bank was organized
in 1883.
Between 1896 and 1900, there were
% new banks organized, and since
1900 the country has seen the organi-
zation of rs new institutions.
"Thosc figures in themselves illus
trate the demand for banking facilities
in this section of the state"
At the business session in the after
noon, L. c. Leslie, of Morley, secretary
of the group for the last year, was
named chairman, and Clyde Oakes, of
kcnnett, was named the new secretary.
Other addresses that were given be
fore the group meeting were by Con-
gressman Russell and A. L. Churchill.
of Vinita, Okla The latter talked on
the relation of dairy farming to the
banking business. and Russell spoke on
the banker as a citizen.
In the resolutions that the group
a merchant marine was
urged for this country and the work
Of the Missouri Bankers Association
was commended for the good roads
work that it had had done.
At the close of the afternoon bust
ness session. the bankers were given
an automobile tour of the city before
they went to the Methodist Church for
a banquet and subsequently to a show.
President J. H. Mcpherson of the
Cape Commercial Club made the adj
dress of welcome, an dthe invocation
was read by Rev. J. J. Clopton
The bankers whOregistered were:
c. A kiesler, assistant cashier.
Perry County Bank. Perryville.
o. F. Dalton. cashier, Wyatt Bank,
Wyatt.
VIM. Paar. president, Peoples Ma
.ional. Jackson.
H. R. Phillips, assistant cashier,
Bank of Perryville, Perryville.
H. ". Kramer, assistant cashier,
National Stock Yards National, Ma
.ional Stock aYrds. ILL.,
George w. Treece, cashier Bank of
Stleee, Steele.
l. G. La barge. correspondent man.
ager, Boatmans Bank, st. Louis.
William A. Defani, secretary Home |
Trust Company, Perryville.
George A. Boyd, National Stock
Continued on page six.)