The Watertown weekly leader. [volume] (Watertown, Jefferson County, Wis.) 1912-1917, 1916-02-01

j. Brandt as cashier, who continued
his connection with the bank for
| thirty-six years, retiring so that he
J could devote his entire time to manu-
featuring, at present being at the head
Of the Brandt Cashier works, one of
Watertown's largest manufacturing
plants.
AS remarked above, the history of
WatertCwn and the history of the Bank
of WatertOwn are parallel incidents Of
local history, and while all can look
back with pardonable pride on those
who SO successfully financed and guild
ed it's earlier destinies, and refer to
them as Watertowns most successful
and influential citizens, no less can be
said of the men who today are en-
trusted with the conduct of the Bank
of WatertOwn and the safe investment
and handling of the present-day de-
depositors' money. -..s .--,,.-
Frank E. Woodland, at present chief
executive of the bank, became con-
nected with the institution in 1898, and
in December of that year was elected
it's cashier, remaining in that capacity
until July, 1911, when he was pro-
noted to the presidency.
Early in his banking activities Mr.
Woodland displayed a keen insight into
sound investments and conservative
management, and it was not long until
he was recognized as a finincial au-
thority, not only in this city, but in
banking circles throughout the middle
west, and ne has developed a loyal
support to his policies from depositors
and the banks officials which can be
interpreted in only one way-a con-
fidence in, and compliment to, his
judgment One of the really tangible
results OF his management can best be
explained in figures. When he as
sumed the cashiership the deposits
were $245,000, while today they are
over 100000. At that time the capital
of the bank was $4,000 and the sur
plus was $4,000 Now the capital is
$3.50 900, and the surplus and undi-
yided profits are $70,000-a record of
steady advancement; but the most re-
markable feature of this advancement
lies in the fact that the $145, 900 was
added when investors in the banks
stocks we're drawing their regular div
idends, the increase being accumulated
out OF the earnings of the business.
At the time of Mr. Woodlands eleva-
ton to the presidency, E. J. Brandt
and M. j. Woodland were elected vice
presidents, and F. w. Gamm was
chosen as cashier
In January, 1914, Henry Mulberger
was selected as a vice-president, sue
ceeding NJ j. Woodland, resigned. Mr..
Mulberger took to the bank energies
he had developed in investments, mil
ling and banking, and his sound judg-
ment has been factor in the banks
progress and prosperity.
F. w Gamm, cashier, is man of
sound judgment and keen financial
perception, a strength in the presi-
dents cabinet, and by his uniformly
courteous treatment has endeared
himself not only to the banks officials,
but to the patrons of the bank and the
citizens of Watertown generally.
The directors of the bank are w. G..
Stone, julius Wiggenhorn, Alex Buch-
heit, w. H Woodland, J. F. Preutiss,
F. E. Woodland, F. w. Gamm and Henry
Mulberger, a list of men who at once
inspire confidence and respect.
The clerical force includes W. O.
Schempf, accountant; R. G., Thauer,