History of Atchison County, KansasIngalls, Sheffield
History
History of Atchison County, Kansas
Ingalls, Sheffield
Atchison County (Kan.) -- Biography; Atchison County (Kan.) -- History
At the time the membership of the board was increased, Guy Elwell was
elected assistant cashier. This bank occupies handsome quarters at the
southeast corner of Eighth and Commercial streets, and has shown a
remarkable growth since its organization. The only change in the board
of directors that has been made since its organization was the
substitution of E. F. Manglesdorf for his brother, A. F. Manglesdorf. At
the close of the first business day of the bank it had deposits
aggregating $25,000, and at the end of one year the deposits had
increased to $248,000, and at the end of the second year it was
$323,000, and at the end of the third year it was $425,000, and in 1915
it boasted of total deposits amounting to $525,000, with a surplus and
undivided account of $21,000. This bank has had an able set of officers,
and its directors are among the most influential and substantial
citizens of the community. It started in by making an aggressive
campaign for business, and it accomplished what it went after. The
institution is conducted along broad and conservative lines, and renders
not only good service to its many patrons, but to the community as well.
German Savings Bank.—This institution was organized in 1873, with the
following officers: George Storch, president; Robert Forbriger, vice-
president; John Belz, cashier.
The capital stock of the bank was $10,000 and its deposits were about
$100,000. It conducted a general banking business, together with a
regular savings department in connection therewith. This bank was
located at 406 Commercial street, and wound up its affairs in 1886, when
it was merged with the United States National Bank and the Dime Savings
Bank, both of which failed.
The Atchison National Bank.—This bank was organized April 1, 1873, by
John M. Price as president; M. Barratt as cashier. G. D. Harrison
succeeded Mr. Price as president, in which capacity he served until
1878, at which time he was succeeded by C. J. Drury, with R. H.
Ballentine as vice-president. When this bank commenced business it had a
capital of $100,000, but in 1877 it was reduced to $50,000. It was
located for many years at 503 Commercial street, afterwards moving to
what is now the Simpson building, in the corner occupied by the Barth
Clothing Company, where it failed in 19—.
The Atchison State Bank.—This bank was organized prior to 1891, and went
into voluntary liquidation March 24, 1898, at which time John M. Cain
was president and cashier, and John H. Murray was secretary. It was
located on West Main street, near the corner of Thirteenth street.
The Commercial State bank was chartered September 8, 1906, and began
business October 31 of the same year, and subsequently merged with the
First National Bank March 24, 1910.
Public-domain text, read in full here on John Shaqi.
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