The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1920-10-08
Pennington
Enterprises
THE BANK OF FARMINGToN

The very heart of the commercial
life of a community, through which
flows the financial current of busi-
ness, and upon which to great ex-
tent depends its future prosperity, is
it's banking interests; and no better
criterion of the solidity and perma-
nency of a municipality is afforded
than glance at the status of its finan-
cial institutions.
The term solidity is amply typified
in such an enterprise as forms the
subject of this article. The Bank of
Pennington is the oldest and one of
the strongest and most successful
banking institutions in st. Francois
county and has long been an important
factor in the business life of the coun-
ty. 900.
1t was organized in 1886 as pri-
vate bank, by Judge William Carter,
DR.. A. Parkhurst and Kossuth W.
Weber. It's original capital stock
was $500000, which was increased to
100000 when it was Incorporated
a few years later The prosperous
increase in the business of the COM
munity later necessitated further
increase in capital stock which was
made S5O,0OO00, the present figures.
The capital stock, with the S50,OO0.O 90
surplus, and $60,000.00 undivided
profits, makes a working capital of
100000, and its resources are ov-
er a million. Its most recent state
ment shows that its deposits are now
over SS50,000.00.
The Bank of Pennington has for
wears used a building about the cen
ter of the east side Of the square but
the building recently occupied by the
post office on the southeast corner
has been remodeled and the bank is
now there. The new quarters are
such that any bank might be proud
of. 1t is now an entirely modern
banking house equipped with fire and
burglar-proof safes and vaults, an ad-
eougte' number of safety deposit box
es and all the latest devices for mod
ern banking.
The Bank of Pennington transacts
general banking business in all
branches, pays per cent interest on
time deposits. Its management Is
conservative, yet elastic enough to
further any worthy project for com
mercial development that comes with
in its scope. The president, W. M
> Harlan, is a banker of many years
experience; w. R. Lang, vice-presi-
dent. is manager Of the Lang Bros
Manufacturing and Mercantile Com
pany and, one of the most prominent
men in the county; M. P. Cayce, cash
ier. has been connected with the bank
since it's organization and is one OF
the prominent bankers of the State.
The directors are leading business
men of the community and in add.
tion to the officers above mentionet
are: Judge w. F. Dcss, Ptf - Gte5
sing, Edw. A. Rozier and j. E. Klein
The stock holders are citizens of higf
standing in st. Francois county,
PENNINGTON MERCANTILE co.
Among the reliable firms of Farm
ington, none are deserving of high
err place or a more liberal patronage
than the Pennington Mercantile 20
The inception of this firm dates bacl
to 1902. The house has always beer
rated very high for the class of stool
handled, which consists of dry goods
clothing, shoes, novelties, groceries
feeds and, in fact, well selette'
stock of almost everything. III
store is arranged with a view 30 tn
perfect displays of the goods CARRIE
and none but the most trustworth,
manufacturers are dealt with, the re
suit being that any article sold her
not only gives perfect satisfaction t
the buyer but is pretty apt to enro
him as steady patron of the place
Every courtesy and attention /
shown all who visit this establish
ment which has built up a large trade
not only in Pennington and the surs
rounding trade territory but through
out the towns and communities of tn
Lead Belt. Two delivery trucks ar
operated and bi-weekly trips are mad
to the homes Of the customers Of tn
Lead Belt.
A. S. Davis, president of the COZ
Germ, and manager, is citizen VIII
stands justly high and the success h
has achieved has been brought abou
by square dealing and courteous metz
ods, two factors that are bound
meet with public favor.