The daily star-mirror. (Moscow, Idaho) 1911-1939, 1919-10-18

financier secured control of large
block of stock in the First National
Bank of Moscow and became the
banks president, succeeding w L.
Payne. The change means bringing
to the support of this strong and con-
servative financial institution, the
resources of q other banks in the In
land Empire with total resources of
about $15,000,000, and gives it the
most solid connections of any banking
institution in the Palouse country.
The First National Bank of Moscow
was organized as a private bank by
Baker & Clark in 1882 and it is
therefore the oldest banking institu-
ton In Latah county. 1t has capital
stock of $4,000 and surplus and un-
divided profits of $4,000, and total
resources of more than one million
dollars and its deposits are creeping
close to the million dollar mark The
bank is regarded as one of the most
conservative and safe institutions in
| the west. 1t went through the panic
following 1898 when banks fell like
leaves after a hard freeze, and came
through unscathed 1t has always
been conservative and the same policy
will continue.
WHO Is D. N. MCCORMACK!
Many will ask "who is J. K. Nc
Cornack, the new presid ent?" Old
timers will not ask that for he is too
well known to need introduction to
them. Mr.. Mccormack is a banker
~ all that the word implies. He comes
from a family of successful bankers.
he has been identified with the up
building of the Palouse country and
n a md EirV,,, Co. ,l,>
of a century. Coming from The Dali
les National Bank, of The Dalles, Ore
gon, to Palouse, Washington Terri
tory, in 1889, he assumed the position
OF cashier of the Security State Bank.
of which his brother was president.
He had the actual management and
control of the bank He built it up
and kept it afloat during the panic
and today it is one of the strong fl
nancltl institutions of which the
Palouse country is proud, with re-
sources of $850,00O. Mr.. Mccormack
became president of the Security
State Bank many years ago and re-
talns that position. In 1909, after he
had been at Palouse 20 years, Mr..
Mccormack was offered a highly re-
sponslble position with the Union Sc
,urltles Company of Spokane, a cor
with a paid up capital of
more than million dollars, which
lad system of banks throughout the
inland Empire He took the place,
moved to Spokene and took the active
management of these banks Today
he company has large or controlling
interests IN 22 of the best banks in
he Inland Empire. Ninety days ago
hese banks had deposits of $4,000
100, Today the deposits have in
reased to $15,000,000, a gain of SO
er cent in three months and in ad-
ltlon to the gain in deposits loans of
3,00OO0O have been paid off, adding
100000 to the cash assets of the
anks in a short period
Thomas Wren, Director.
Mr. Wren is one of the best known
t Inland Empire pioneers. He was
lentifled with the contracting firm
Wren & Greenough, who built
lany miles of railroad in the west.
t present he is the owner of one Of
he largest and best livestock farms
| the Camas Prairie section, and is
resident of the Northwest Livestock
ssociation which holds the big
,ock show at Lewiston every year.
c. J. Orland, Moscow
1t would be superfluous for The
tar Mirror to try to tell Moscow
aople anything about C. j. Orland,
lie other new director. Mr.. Orland is
robably one of the very best known
tlzens of Moscow, has lived here
ose to 8 years and has been identifi-
with every movement for the up
lilding and bettermnt of Moscow
nd Latah county.
J. S. Heckathorns, Cashier.
Mr.. Heckathorne remains with the
ink as cashier and resident manag-
). the position he has held so credit
'ly for the past six years. He is
an OF wide business experience, has
oven himself successful banker
I'd is president of the Moscow cham
r of comerce and Moscow booster.
A. H. Johnson, Assistant
A. II. johnson, also we'll known to
oscow people, remains as assistant
shler of the bank, position he has
Id with credit to himself and the
nix for many years. He is also clerk
the school board and a real, live,
oscow citizen.
The directors of the bank are J. K.
,Cornack, J. S. Heckathorn, Thomas
rem, G. j. Orland and William Hunt
Mr.. Mccormack becomes pres
mt; Mr.. Heckathorne retains his
sltion as cashier and Mr.. johnson
assistant cashier. The vice pres
nts have not yet been selected.
The Banks New Home.
The plans for the new bank building
We been accepted by the new Of
ers and directors of the bank and
work of remodeling the building
| begin at once. The words ssnew
TX building" are used advisedly.
no one will recognize the remodel
home of the bank as the building
low couples. The entire first floor
will be changed. The
rance will be moved to the center
the front and the cages will be
we'd over to the north side
t to Third street giving the
1t from the windows for the bene-
of the workers in the bank. The
Continued on page two.)