Page:History of Goodhue County, Minnesota.djvu/298

 238 HISTOEY OF GOODHUE COUNTY Postal Telegraph, William Reimer, agent at Great Western depot. Wells Fargo Express — William Reimer, agent at Great Western depot, and O. K. Anderson, agent at Milwaukee depot. American Express — E. J. Thomas, agent at Northwestern depot. Millinery — Mrs. J. A. Johnson, Mrs. M. Ofstedahl. Mrs. Xettie Anderson, Carrie and Mary Dvergedahl. Tailor — Charles Anderson. Pro- fessional men — Attorney. A. J. Roekne : dentists, H. B. AVash- burn, L. M. Woodbury; physicians, G. 0. Fortney, 0. 0. Larsen, K. Gryttenholm : optician. L. J. Korstad; veterinary surgeon, R. C. Xickerson. The First State Bank of Zmnbrota whs organized in the spring of 1893 by the business men and farmers of Zmnbrota and vicin- ity.' The first officers were: President. 0. J. Wing; vice presi- dent. Henry Weiss; cashier. P. A. Henning; directors, the three above named gentlemen and R. 0. Lund and B.. J. Kelsey. In 1893 a fine bank building was erected. At the time of the consoli- dation with the Security State Bank, August 1, 1909, the capital stock was $30,000 and the officers were: President, 0. J. Wing; vice president, O. X. Berg: cashier, A. E. Mosher; assistant cash- ier. M. H. Powers. Prominently identified with the bank was E. S. Person, who succeeded P. A. Henning and served until 1907. The Security State Bank, of Zumbrota, was organized June 19, 1894, by the March Brothers, of Litchfield, with a paid in cap- ital of $30,000 and an authorized capital of $100,000. The bank opened for business July 2, 1894. with the following officers: President. Christian Peterson ; first vice president. Henry Ahne- man; second vice president. Martin Halvorson; cashier, F. M. March. The first annual meeting was held Jan. 14, 1895, at which time the bank deposits were $26,593.91. as shown in the report below: Assets 4;4.">.395.61 : banking house, fixtures and furniture, $6.538.41 : cash and due from banks. $5,674.66. Total. $57,608.68. Liabilities: Capital. $30,000; surplus and profit, $1,014.77; depo- sits, $26,593.91. Total, $57,608.68. The annual reports each year show an increase in the business. On Jan. 11. 1898. F. G. Marvin was elected president of the bank, and on Feb. 17, 1900, H. E. AVeiss was elected assistant cashier. On June 13, 1903, F. M. March was elected vice president, and H. E. AVeiss elected cash- ier. April 8. 1907, F. C. Marvin was elected assistant cashier. This bank was consolidated with the First State Bank, Aug. 1, 1909. Under the new organization the name Security State Bank is retained and the name First State Bank is discontinued. Aug. 15, the business of the consolidated banks, roughly estimated, was as follows : Capital, surplus and profit, $45,000 ; deposits, $300,- 000; loans and discounts. $276,000: banking house furniture. $10,- 000; cash and discounts. $52,000. The present officers are: Presi-