Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1919-07-16
FORMER DEBORAH
man IN BIG BANK
Theodore Void Elected Vice Presi-
dent and Director of the
Northwestern National
Bank of Minneapolis
BEEN GOVERNOR OF
FEDERAL RESERVE BANK
Was Born in DecOrah July 4, 1868
:. Left Here When He Became
Twenty-One. Father Still
Lives Here.

Yesterdays Minneapolis Tribune
contained long write-up of Theo-
dore Void, former Decorahian who
has been a resident of Minneapolis
for a number of years in the bank
ing business. Following is part of
what the Tribune has to say:
Theodore Wold, governor of the
Minneapolis Federal Reserve Bank,
was elected vice president and a
member of the board of directors of
the Northwestern National bank of
Minneapolis Monday to succeed
Joseph Chapman, who has obtained
an interest in the department store
business of L. S. Donaldson Co.
Mr.. Void resigned as governor of
the Reserve bank at a meeting of
the board of directors OF that in
stitution on Monday and was elected
to the vice presidency and director
ship in the Northwestern National
at noon meeting of the board of
directors Of that bank.
Mr.. Wold's resignation is effective
October l, and he will Join the
Northwestern at that time. No sue
cessor was chosen as governor of
the Reserve bank at the meeting of
! the board Of directors yesterday.
As governor of the Minneapolis
Federal Reserve bank since its es-
tablishment here five years ago, Mr..
Wold has built it up until it ranks
second in Importance of the IL
banks of the system. He is essential
ly banker, having been engaged in
that business practically all his life
in Minnesota, and brings to the
Northwestern National the fund of
this long experience in addition to
kindly, genial character, broadened
vision, through his connection with
the Federal Reserve that has held
him closely in touch with national
and international affairs, and
young, vigorous outlook on life
that should render him highly
efficient in his new position and
real acquisition to the commercial
banking field of Minneapolis.
Theodore Void was born in De-
corah, Ia, July 4, 1868, and the
month of July has been strangely
eventful in every large enterprise
of his career. Conditions of his
early life were such that Mr.. Wold
was never able to go beyond the
grade schools in obtaining an insti-
tutional education. AS a friend ex-
pressed it his education from that
time on has been in the college of
hard knocks" but it has been COM
plete and has enabled him to reach
the top of his chosen profession.
When 13 years old he became de-
livery boy in a grocery store at De-
corah and when 21 years old, in
July he came to Minnesota and got
job as Office boy in the Bank of
Elbow Lake. He worked up there to
a clerkship. In July. 1889, he went
| to the First National bank of Little
Falls, Mimi, as assistant cashier. In
July 1896, he obtained an interest
! in the Merchants State bank of Wi
mona, Mimi, and became its cashier
In July 1910, he went to the Scandi-
navian-American bank of Minne-
apolis, now the Midland National as
it's president and remained with that
bank until the Federal Reserve bank
of Minneapolis was organized. Over
tureswere made to him in July, 1914
to become governor of the Reserve
bank and he accepted the position
and took active charge Of the Re-
serve bank as governor November / !,
, 1914. In July, 1919, he became vice
president Of the Northwestern Ma
tional bank.
Mr.. Void never held political of
fee. When the Federal bank was
started the staff comprised Cover
nor Wold and stenographer. Now
it has 277 employees. Mr.. Wold lives
at 1779 Emerson avenue south, is
married and has grown daughter.
A son, Ernest G. Wold, enlisted in
the flying service in the war and
was shot down in France in an air
battle with four German planes.
Speaking of Mr.. Wold's retirement
from the Federal Reserve bank, John
II. Rich, reserve agent, who has
been associated with Mr.. Wold in
the banks operation since its in
ception, said he feels the loss of Mr..
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