Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1921-01-27
WILLIAM M. LLOYD
FORMER JAMESTOWN
BUSINESSMAN DIES
Came Here in 1881 and Was
Prominent in Building Up
City-Helped to Locate
jamestown College = Suf-
fered in Panic of 1893.

| kCI Gu Ill 1 QAIA~ Va AS~~
Cony of, the Huntingdon. Pa,
Globe of January Goth, contains the
following notice Of the death of VIII
liam NJ. Lloyd, formerly promin-
en- resident and business man OIL
| jamestown, N. d..
One of Altoona's most prominent
residents died at the family home.
1929 Union avenue at 1890 O'Clock
! Tuesday night after brief illness
He was born in 1850, a son Of james
and Elizabeth Lloyd Of Huntingdon.
and was married in 1880 to Miss
Mary Hutchison Surviving are his
wife, three brothers, John 5. farm
er in Huntingdon county; Harry =.
of Superior, Wis, and James Nj. OF
Chicago, and one sister Mrs. J. NJ.
Schick Of. Washington, d. c. Mr..
Lloyd was a member Of the Broad
Avenue Presbyterian church.
William Lloyd figured extensively
l in the early business and social life
of jamestown. He came here in
1881 from Pennsylvania and was as
sociated in business and building ell
terprises with d. Mckay Lloyd OF
Pittsburg William Llyod was activ'
70 rsome thirteen years in the de-
velopment and building up of the
city, and at one time was considered
one of the most prominent and influ-
entail bankers and business men in
the state. He enlisted great deal
of outside capital for investment
in jamestown and Stutsman county.
The Lloyd bank was established soon
after Mr.. Lloyd came here. and was
for I; time a private bank afterwards
being transferred into the Lloyds
National Bank. The building oc-
cupied by the bank was erected by
Mr.. Lloyd and is now occupied by
the LaCroix' Ladies Furnishing
House. Mr.. Lloyd built the James
town Opera House Block, Il large ho-
tel one block north on Fifth avenue.
known as the Metropolitan hotel, oc-
cupying what is now the site of pri-
vate residences, the Charles kurth
house and the Marrel house. The
Lloyd family home was Oh Third st.
on the site what is now the McCabe
house. South of the Metropolitan
hotel was the old Capital hotel
building. and a large skating rink.
operated by DR.. Glasgow now of
Casselton. A fire which originated
in the old rink destroyed, in clean
sweep, all the buildings in the block
including the Lloyd home across
the street.
Mr.. Lloyd built up large banking
and real estate business and his
name is identified with two addi-
tons to the city, known as Lloyd's
addition and Lloyd's second addi-
ton. He was prominent in the To-
cation and starting. of jamestown
College. and spent much time and
money and induced friends in the
east to aid in establishing the col
lege here He interested English
capital to invest North Dakota
land mortgages and the alliance
MortgNge. and Investment Co., of
Manchester, England appointed Mr.
Lloyd as the American agent.
In the financial panic of 1898, the
bank was obliged to close
and tho it was considered one
Of the strongest banks in the state.
it was unable to secure funds for
ICAIpOidIy uclNdHuS anu itS dlldlES
were placed in the hands OF a receiv-
er. which management closed up the
bank, and paid a dividend of about
SO per cent. 1t is now a matter of
common knowledge and belief that
had the Lloyd's bank been given
little time to recover from it's tenn
porary embarrassment. every depos-
itor would have been paid in full,
and the bank would be going in
stitutiOn today.
Leaving jamestown in 1894 Mr..
Lloyd went to New York an dengaged
in the life insurance business, be-
ginning his business career all over
as he gave up all his real and per-
sonal property to his creditors.
At the time the bank was closed
he was largely interested in ,vari-
GUS enterprises that were helping to
build up the county and city, to bring
in settlers and increase the live stock
holdings of the county. He was sue
cessful in his eastern insurance busi-
ness and for many years had fine
position with a large salary. residing
III Brooklyn, N. Y. He was an en-
ergetic up-to-date business man, an
active member of the Presbyterian
church and left many friends here.
at the time Of his unfortunate finan-
cial collapse. who sincerely regretted
the overwhelming misfortune which
ne was unable to overcome.
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