The Denison review. [volume] (Denison, Iowa) 1867-current, 1920-02-04
STEWART | ! | SELLS ! | ], | }.
BANK STOCK
Charter Oak Banker DispOses Of Hk
Holdings III Farmer stste Bank
to Thomas Thomson u
BANK STOCK, HOME And LANDS


CHARTER OAK. Jan. 30-Speciai 70
the Reviewp-A business deal OF consid'
cradle magnitude was closed mere. on
Tuesday OF this week when Thomas
Thomsen became the owner o.: Az OF
George A. Stewards stock in the Farm
ers State bank and his residence prop
erty, amounting to about 900. ),
The Charter Oak Times In announc4
ing this change printed the following:
What was probably the largest busi-
ness deal ever made In Charter Oak
was closed yesterday, the transfer being
made in one Of the greater financial m
stitutions of Des Moines yesterday after
noon. BY it Thomas Thomson became
the owner of all of George Az SteWarts
interests In Charter Oak. amounting 70
about $75, ,OOO In the deal are all OF
Mr., Stewart's bank stock and his home
and the lands around 1t.
The bank remains home institution.
as Mr.. Stewart designed itGshould be.
with the added strength OF a man who
has spent his life here and made friends
Of the entire community. !. Il
The hank he bought, for Mr.. Stewart
owned q large majority Of the stock, is
one Of the best in western Iowa II
was Mr.. Stewards pride to- have his
bank without q flaw, and 1t is that kind
OF a bank that Mr.. Thomson has bought.
When Mr., Stewart took 1t he accept.
ed nothing but the best Of the notes,
which gave it good footing. At that
time the bank had q capital of $25 900,
with no surplus When 1t was sold to
MI. Thomsen the capital had been in
creased to $40, 900 and there was sur
plus Of $4,000. These things affect the
size of the business they can do and are
things in bank. 1t had al.
ways been In o. rented building, but Mr..
Stewart put 1t in q home Of its own. Not
only that, but we have his word for the
statement that no bank Of Its size is
better equipped for economical work or
safety OF Its resources. The new man
aeement win continue these things.
The bank is fully insured against
burglars, fire, tornado. accident and
panics. The last is assured by tts mem
bership In the federal reserve system.
That Is another thing Mr.. Stewart ad-
ded while here. This bank is the only
state bank in the county that has had
the nerve and could connect with the
system for killing financial
panics. 1T requires financially sound
others are all sound enough. but they
have some things II would be poor bus,
iness to chanee "a yef tne koaseEns1lsF4
win not accepf them: 1his BARK clean
ed house when it was transferred to
Mr.. stewart and he Kept 1t ,cleafi:
n. Az to the future OF Mr.. stewart. ne
himself is undecided. He has some
fattering OFFERS, and he may accept one
,of them. He may 60 to Florida Tor sthe
remaining months Tof the winter, and
he may locate In some other small town
as he ana Mrs. Stewart both enjoy the
freedom and ifriendliness Of the small
community. sh' ~ t"S'''!'t FAlSft'u
AS. to Mr., Thomson. an introduction
OF him to this community would be an
introduction of an old friend. He came
here young man, has reared large
family here, has grown rich here, and
has made every man his friend. It is
not every man who can do that. His
coat is off in the bank this morning,
and by tomorrow he will be ready to
sing or whistle as merrily as he has
through the twenty or thirty years Of
his work in the hardware store.
The personnel of the bank will re.