The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1917-05-05
Powerful Group Of
Minneapolis Bankers
and Financier,

A progressive and energetic group
of bankers and financiers, headed by
the well known Minneapolis invest
ment firm of N. G. Smith & Co., of
the First National-Soo Building, has
during the past three months made a
record in the establishment of banks
which is probably unequalled in the
history of even the rapidly growing
Northwest. All of these institutions
have been placed within the state of
Minnesota and are now thriving and
busy centers in their respective COM
munities. The accomplishment of such
a feat Of enterprise within such short
space Of time furnishes abundant
proof of the basic prosperity that pre-
walls generally throughout the state as
we'll as the consummate skill and en-
ergy of the gentlemen who have con-
verified that prosperity into practical
utility and advantage. The field of
their activities ranges from as far
south as Martin county to St. Louis
county in the north, as will be seen
in the following list of healthy finan-
cial youngsters, all of which owe their
paternity to the N. G. Smith Company.
The North Commercial State Bank,
at Twentieth Avenue North, with a
capital of $4,000, and surplus $4,000,
and deposits of over $4,000, with a
business career Of only about one
month.
The Farmers State Bank of Cash
ing, Mimi, with capital of $4,000 and
surplus Of $4,000, of which F. G. Carl
son, progressive merchant of the
town, is president.
The Farmers State Bank, Sherburn,
Mimi, with capital of $4,000 and sur
plus $4,000, with Henry Kuntz, a
prominent implement dealer, as presi-
dent, and John w. Eisenmenger as
cashier.
The Kragnes State Bank Of Krag-
mes, Mimi, with capital of $4,000 and
surplus $4,000, already an important
figure in it's section.
The Kinney State Bank Of Kinney,
st. Louis county, with s. R. Verlynch,
merchant, as president.
The Cedar State Bank of Cedar, An.
Okla county, Mimi, with $4,000 capital
and $4,000 surplus, with F. G. Mitchell,
president, and N. A. Johnson, cashier.
The Fox Lake State Bank, Of Fox
Lake, Marlin county, with capital &c..
900 and surplus $4,000, with F. H.
Spielman, president, and D. E. Miller
cashier.
Associated with Mr.. Smith in this
active campaign were Mr.. L. Doust
and Attorney G.. A. Will Of this city
Mr.. Smith is gentleman Of engag
ing personality who has a record OF
more than ten years of success in
the financial world, having been the
principal organizer of the Midland
Life Insurance Company of st. Paul
He was also connected with the finan
cling Of the Bankers & Merchants Fire
Insurance Company. For several years
he held a prominent position in the
U. s. o. Realty Co. He is a graduate
of the University of Minnesota and
theoretically alive to the manifold
business activities and opportunities
Of the Northwest. Knowing that his
enterprises will bring new vitality tt
the communities in which they are in
troduced, he "goes to it" with a driv
ing force that is irresistible, as is evi
denced in the above record of the las
three months activities. The near fu
ture is destined no doubt to witness
further and even more conspicuou.
evidence Of the foresight and geniu,
Of Mr.. Smith and his clever associates