Page:Historical and Biographical Annals of Columbia and Montour Counties, Pennsylvania, Containing a Concise History of the Two Counties and a Genealogical and Biographical Record of Representative Families.pdf/154

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COLUMBIA AND MONTOUR COUNTIES

There are three financial institutions in Bloomsburg in 19 14, the F irst National Bank, the Farm ers' S a lio n a l Bank and the Bloom s­ burg National Bank. On Feb. 5, 18O4, a company was formed for the transaction oi a banking business by W il­ liam M cK clvy, William N eal, 1. W. M cK elvy, Robert Cathcart, Robert F. Clark, John K. Grotz, George Hughes, Lloyd Paxton and Charles K. Paxton. On Feb. 29, 1864, it was authorized to become a national bank, and on March 7th it was formally opened for busi­ ness with C. K. Paxton as president, and J. P. Tustin a s cashier, its capital was $50,000, and it w as located in a room in the corner of the building that was then the residence o f W il­ liam M cK clvy. A fte r M r. M cK elvy's death the building was purchased from his estate by Col. S. Knorr and L. S. Wintcrstecn, and subse­ quently was bought by the First National Bank. In 1906 the building was practically re­ built and ailarged, 3 third story being added and the entire interior changed, making one of (he most imposing structures in the town. The bank occupies the first floor and is e<|uipped with all the most modem banking fixtures, with banking rooms that will compare favor­ ably with many in the large cities. It now has a capital o f $100,000, and in June, 19 14, a surplus fund and undivided profits o f $144,862.20. T he present officcrs and board of directors a re : M. 1. Low, president; George L . Low, vice president; Frank Ikeler, cashier; Fred Ikeler, S. C . Creasy, Louis Gross, Clinton H erring. D r. H . V . Howcr, M. E . Stackhouse, A . W. Duy, Dr. R . E . Miller. T he Farm ers' National Bank was organized in Jan uary, 18 9 1, with a capital o f $60,000. and the first board o f directors w ere: W. S. Moyer, C . A . Kleim, W. K ram er, C. M. Creveling, G. A . H erring, V. Ginglcs. C . W. Runyon, J . W. E ves, P. A . Evans. W . S. M oyer was presi­ dent, and Frank Ikclcr, cashier. It began busi­ ness in a room in what was then M rs. M. E. En t's building, its quarters being much less than half the size o f its present offices. In 1909 the bank purchased the building and re­ built it. adding a third story .md changing it throughout. T he bank occupies the entire first floor, elegantly fitted with all the modem con­ veniences. finished in mahogany and marble, one of the handsomest lianking houses in the State. Its capital stock in Ju n e. 19 14, is $60,000, with a surplus and profits o f $13 7 ,850.93. C. M. Creveling is president, and M. Milleisen. cashier. T he directors a r e : W. L. White. N. U. Funk. C. A. Kleim, C. M. Crev-

cling, Dr. J. J. Brow n, M. Milleisen, J. E. White, Dr. J. b. John. The Bloomsburg National Bank was organ­ ized in 1899 and began business on Aug. ist with a capital o f $Co,ooo, which w as increased to $100,000 in 1905. The bank is located in the building o f Paul E. W irt next to Ihe E x ­ change Hotel, occupying the entire first floor, is brautifuUy finisficd, and fitted with every appliance for modern i n k in g. In June, <914. its surplus and profits amounted to $106,480.08, in addition to its capital stock. .. Z. Schoch is president; W. H. Hidlay, cashier; and the directors a re : Paul E. W irt, M. K. Y o rk s, Dr. M. J. Hess, Dr. J. E. Shuman, R. J. Ruhl. C. A. Q isw cll. W. M. Longcnberger, Sam uel W igfall, W. H. Hidlay. A. 2 . Schoch. T he deposits in the three banks aggregated $ 2 ,0 8 7 ,1114 5 on A pril 4, 19 13. The Bloom sburg Banking Company went out of business in 1896. The Bloom sburg Board o f Trade w as o r­ ganized in 1886. and during its existence w as instrumental in helping to bring to Bloomsburg both the carpet mill and the silk mill. A ft e r a few years o f usefulness the organization ceased. The Bloom sburg Cham ber o f Commerce w as organized in 1907. T he following arc the present officers: President, C. C. Y e tte r; vice president, Paul E. W irt; treasurer, Dr. C. F. A ltm iller; secretary, A. N. Y o st; trustees. A. Z. Schoch, J. M. Robbins, Dr. D. J. W alle r; executive committee, K arl F. W irt, F. J. R ich­ ard. C W. Funston, Dr. Altm iller, C. C. Y c tter. T h r o u ^ its efforts largely the Fred F ear Match F acto ry was brought to Bloom s­ burg. It is still an active organization, and has done much to foster and develop the m anufac­ turing and business interests of the town. T h e Business M en's Association o f Blooms­ burg was first organized .as the Business M en’s Protective Association in the spring o f 19 10. A t a meeting o f business men held in the T ow n Hall on M ay 9th o f that year a committee w as appointed to draft a constitution and by-laws. These were adopted on M ay 20th. T h e or­ ganization was effected M ay 3 1, 19 10. when the officers were elected as follow s: President, Jam es Magee I I : vice president, J. W, C raw ­ fo rd; secretary, G. Edward Elw ell. J r .; treas­ urer. Jam es E. R o y s; directors, F. P. Pursel, W. S. Rishton. W. M cK. Rcbcr, William L ow cnbcrg, Lew is W. Buckalew. These officers were reelected at the subsequent election on Ja n. 10. 1 9 1 1 . T he organization prospered until M ay. 1 9 1 1 . when a period o f inactivity set in. which continued until Jan. lO, 19 13.