The daily star-mirror. (Moscow, Idaho) 1911-1939, 1922-12-22

Use NneCk8 III
Neidecker, Successful Bond Sales
man a. Nineteen, Wins War Honor
in Air and at Twenty-Five Head
American PIan Bank in Germany.
The rowde life story of y. Cole
Neidecker at the age of twenty-five i
not reflected in the youthful, smiling
personality of an American boy wh'
capitalized opportunity and foresight
opened a bank in CobIenz, Germany
in June 1920, without capital and ig
norant of the German language. Its
checks now are held in preference tc
currency throughout the Rhineland
He actually taught the IL
two years to use checks in ordinary
business, upsetting the strictly cur
rency habit of centuries
He is founder and chief OF the
Rhineland bank (Neidecker, Elm
gen & Coz, Coblenz, has declined of
fers to merge it with great banking
institutions of Germany and is in
New York organizing the Travellers
Bank of Paris with fully developed
plans for it's operation there and.
through branches, all over Europe.
Not a fairy story at all. The Guar
anty Trust company of New York, IN
it's banking school taught him so well
that he was the youngest bond sales
man in New York in 1916 when he was
barely nineteen years old and he
showed a record with sales that in
GUIDED one to a very wealthy New
York capitalist Of $4,000 in Anglo
French bonds.
Went to the War.
Thus fairly well started in life as
a financier, he decided thai 1t was too
slow a game when the war was on.
He applied for admission to the Fran
co-American flying corps. Its name
was specifically changed to the La
fayette Escadrille when the German
ambassador at Washington early in
1911 protested against association of
the word American with a military
against Germany, not then
an enemy of the United States.
N~eidecker's application for a chance
to fight In the air was under favor
able consideration when he decided to
to France at once. He Joined the
American ambulance in Paris in jan
1917, drove ambulances and
camions when the ambulance
service was diverted to transport of
supplies for the American forces. He
saw some very lively times around
and on the Aisne in that J
work, but ne wanted to get into the
real thing, and as soon as American
aviation was organized Mel
decker joined tina service, August,
1917.
When the armistice was declared \
November IL, 1918, the American mill !
airy aviation service had five gradu-
tie air pilots at the front. Neidecker
n Of them. He wore the Croix
Ie Guerre with palm, nae three rec
lamentations for the Distinguished
'ervice decoration and a record of
ringing down three FOkkers and their
ilOts In air combats.
AS pilot he was a first lieutenant
with that rank he was Immediate
attached to the Hoover mission to
on the staff of General Grove,
S chief. Lieutenant Neidecker was
mt to Lithuania and there superin-
distribution of American food
This young man was educated en-
rely by tutors and prepared for Exc
r and Harvard but when ne was sew
teen decided on business life,
for his career. He entered
e Guaranty Trust company's service
its school OF instruction In 1915
i'd within IS months was selling its
,nds In Wall street.
That training mad him realize the
possibilities all about him
postwar Europe. The American
force whose headquarters
ere outside Coblenz numbered about
1900 and the United States was dis
there about s. 100000 good
lnerican dollars every month In pay
6 them.
There was not in COblenz any bank
hich accepted dollar accounts. All
e banks handled marks exclusively
The basis OF their transactions,
lere was a depositor's field for that ]
lllion a month just crying for a dol i
r deposit bank. I
Found Credit Readily. I
was not an asset of the
uthful American f1nancier but he
ased a twO-story building, remodeled |
fitted it up with a modern Amerf- o
n Office equipment and had crowds |
Germans coming in to just look at t
before IT was finished. The German
hiking house type then WAS a small
Ice with a counter, which only re-
ntly had supplanted merely the desk n
the German banker In his office In Il
home, where he transacted all his {
II
Credit for this enterprise young
decker found ready for his asking
all sides. He had learned not to
afraid OF doing the unusual in Ger t.
ny b
I partner who could speak German p
. 4 great need for the new bank b