La Grande evening observer., September 17, 1906, INDUSTRIAL EDITION, Image 6

Std'jncQ inn RglidDle
The Frmr and Trader National
Bank of La Grand. Of Paid Up
Capital Stock, $60,000; 8urplus and
Undivided Profit, (ever) ,14.000.
LA GRAXUU NATIONAL BANK.
Tue U Grande National Mkz:Lhor! bank bu"d"lg' ,n
(Estsblished March 23, 1887).
United 8tate Depository Ample Re
eeurces and Every Modern Banking
Facility New Building in Courae of
Construction.
Tb Influence of banks on the prog
ress and development of a locality is
well-nlght paramount. Encourage
ment or discouragement to enterprise
and development lies largely In their
bauds. Lei a policy of absolute con
tent wltb present conditions anlmute
the olllclals and the growth of any
community will be correspondingly r
larded. While, on the other hand, If
the policy of a bank la to encourage
the upbuilding and development of a
city, even while keeping well within
the lines of safe banking met) ods, the
progress of a community la certain.
In the La Grande National Bank, this
action has a financial Institution that
has ever taken a p.omluent part In
the work of local advancement. Its
officials and stockholders are Interest
ed as Individuals In the material pros
pei It y of the Grande Ronde Valley.
They live here, believe In the great
future of this section, and have given
evidence of that faith by their Invest
ments. The history of the La Grand Na
tional Dank has been one of steady,
consistent growth, and It easily
lands at the head of local fiduciary
Institutions, both In point of resources
and volume of business transacted.
Every function of a national bank
Is exercised. Louns are mudo under
the governiental regulations applied
to the conduct of national tanks, de
posits are received, exchange Is Issu
ed and collections are attended to. In
terest at the rate of 4 per cent per
annum Is paid on time deposits. Cer
tificates of di poslt are Issued.
The capllul, surplus and undl ld"d
profl.s aggregate 1160,000, and the
bank's combined resources at the close
of business June, ,18, 1006, totaled
I898.fi87.18. The deposits wera $683.
81.63 which Is . the most striking
teetliiiony of full community confi
dence. Membership Is held In the Ameil
can Bankers' Association, and the Ore
gon Ftale Hunker1 Association. The
bank Is a United State depoaltoiy, a
depository for the Equitable Savings
Aasor atlon of I'ort'and. Oregon, and
of the Bankers Life Association of
Des Moines. Ia.
Implements, now under way, In
ura th' erection .of a suitable heme
for th. most Important financial In
stitution of the Grand Ronde Valley.
At a cost of about $36,000, exclusive
of the valuable lots, a magnificent two
artory brick and stone building, 93x110
feet In dimensions, Is being erected
on a prominent business corner. All
of the lower floor will be utilized for
banking purposes, the upper Moor be
ing devoted to offices for rental. TLere
will be a resident Janitor, and the
building Is to be equipped with a
teum-hentltig system, electrlo lights,
to. When completed, this will be
The personnel of the bank Includes
many names tha'. carry weight In this
vicinity. George Pa nier, president, H
at the head of the O'orge Palmer
U mber company and his individual
lie JiiiKH In this section are extensive
J. M. IJer;y, vice president. Is a well
known business man of L Grand?, F.
I l.eyers, cashier, Is recognized ss
elng unusually well-posted on local
credits. Ho entered the bank in a
minor position in 1890, and later for
ten years was assixtant cashier under
Cashier J. M. Church, whose death
occurred about a year and a half ago.
To Mr. Church Is credited the marked
success of the bank, and as his sue-
iaeor Mr. Meyers Is singular y able
to continue the same business po'.lc'es
and methods from a knowledge ac
quired jy years of close association.
The flrwt asslKunt cashier Is W. t
Hrenho ts. the s-cond assistant br'ng
Sherwood Williams. The board of ai
reclors includes: J. M. Berry, A. B.
Con ey F. J. Holmes. F. M. Bvrklt, C.
C. Pennington, F. I.. Meyea George
I Cleaver, W. L. Brenholts, Geo-ge
Palmer.
It's a stronj list of names, and In
the hands of such men the Lt. Grande
Nitlonal Bank Is sure to prove Id 'he
future as lt has In the past, a brlv,ark
of financial strength for this favored
section.
Was Med Here
'he Eastern Oregon Trust & Savings
Bank Paid-Up Capital, $60,000.
It Is conceded by everyone well
enough Informed to express an opin
ion that few lnlund cities of Oregon
huve as exc llent prospects for cer
tain growth as La Grande. The vari
ous carefuhy prepared articles In this
edition, which present the resources,
advantages and investment opportuni
ties of the fertile Grande Ronde Val
ley, prove conclusively that the ma
terial reasons exist which are necea
mry for the building of a large city.
To such a community, already ex
periencing the prosperity of Industrial
development, the possession of ade
quate banking facilities Is an abso
lute necessity. It was because of the
apparent need of additional banking
. rve'.lfnces that the Eastern Oregon
l r irt ft Savings Bank was established
Ma; 1, 1906, and the volume of busi
ness already transuded fully Justifies
the expectations of Us stockholder.
It began business with a paid-up
capital of $80,000.
A general banking business In all Its
branches Is done. Loans are made on
real estate security as well as ap
proved paper, depoHlts are received,
.ollecttons are handled and exchange
Is Issued. The accounts of business
men farmers, stockralsers, etc., are
accepted, and as liberal accommoda
tions are extended as ts consistent
w ith the rules of safe banking.
Tne savings department allows 4 per
cent. Interest. In time to come, no
doubt, many well-to-do citizens of this
vlcl- Ity will trace their start toware
a competence to the Initial deposit
I ,ade at this bank. The possession Ol
a bank account adds to self reliance,
and rejular systematic deposit will
eud to cr tain financial Independence.
But it is not alone as a bank that
'Ms Ir. iltutlon Is able to be of ma
te al service to the people of this sec
tioo. Every function of a trust com
pf y Is also discharged. As adminis
trator or trustee, estates are handled,
and me designated wishes of legatees
are can-led out to the letter. A sta
bility Is thus given to such duties that
is incomparably superior to the eerv
ves that could be rendered by lnai
WJuals. Other features of the trust
company's field are the registration of
tocks and bonds and escrow and con
tract htlHlno..
In no 'ither line of commercial en
te.t rise, does the personnel of the offl
cle.s have so much to do with success.
The pi olic Is vitally Interested Ik
knowing who is In control of the t usl
ness affairs of a concern to whom Is
Intrusted savings, or who Is to act as
rustee or administrator. The officers
and directors of The Eaxtern Oregon
Trut . & Savings Bunk are men of
.vaiidlrifc, worth and ability, whose
nam- i ate a guarantee of correct and
c mse-vatlve methods.
W. C. Brown, the president. Is a
prominent Eusiern railroad man, be
.ng first vice president of the great
N'e York Central system.
William Miller, vice president, Ui
considered an authority on local
i" ,'dlts and real estate values. He la
president of the La Grande Real Fstate
Association, senior menib-r of the
realty and Insurance firm of William
' illlnr & Brother, and president of the
La ' rsnde Commercial club.
Geotgu J.. Cleaver, secretary and
cashier, was for 13 years engaged In
l king In Iowa, Colorado and Oregon
prior to th' organization of The East
ern Oregon Trust & Savings Bank,
and thus brings to his duties a ripe
experience. He Is also secretary of
'he George Pa'mer Lumber company,
nd a director of the La Grand Com-m-
rclal club.
.'. J, . Scroggln, assistant secietary,
as formerly aswlstnnt cashier of Hie
'''urmerj ft Traders National Bank of
this city. He Is treasurer of the La
Grande Commercial club.
F. J. Holmes, treasurer. Is president
of th- Island City Mercantile & Mill
ing compnny, the most Important mer
cantile business In the Grande Rnnde
Valley
The board of directors Is composed
of these officers, together with r. C.
T. Bucon. physician and suigeon;
Georgo Palmer, president of the
George Palmer Lumber company; J.
L. Cavlnesa, a successful rancher,
and extensive grower of sugar beets,
and Turner Oliver, attorney-at-law,
who Is secretary of the La Grande
Commercial club.
It would have b en difficult to secure
lect a more desirable body of men for
association In a financial enterprise, !
and, as Is natural, The Easerr Ore
gon Trust & Savings Bank has Irom
Its Inception possessed the full son
fldtnco of the people of thlt section.
Its facilities may be depended upon
to fully keep pace with the giowth
nnd idvancement of this community.
The feeling of security afforded the
Grande Ronde Va ley by the posses
sion of the Farmers at Traders
National Bank, of La G.ande, cannot
be overestimated. In furnishing a
convenient channel for the raiding of
funds, the payment of debts, the safe
guarding of money and the general
furtherance of local trade, this bank is
engaged in a buMness of supreme
benefit to this section, and from Mat
business Is deriving, as is Just, a reas
onable profit.
The 'general public is usually slow
to accord the credit due to banks for
community prosperity, large. y becajsj
of a uck of information on the sub
ject, but the influence of the Farmers
ft Traders Natlona. Bunk has been too
ei Hint to be unobserved. Its funds
have been loaned to the producers and
'raslness men of this valley, and have
thus assisted continually in the gen
eral development of this Immediate
territory.
The conservatism of the manage
ment Is untalned by hesitancy, and
when a loan Is refused it Is invariably
for excellent reasons. No account Is
so small as to be considered beneath
notice. The bank was established to
accommodate the peop e of this sec
tion as well as to ea.n dividends for
Its fortunate shareholders, and cus
tomers are considered friends In ah
that the word Implies.
Since November 1, 1890, the date
of its opening, this bank has Jono
business continuously, never having
closed Its doors save on legal holidays,
never having repudiated an ob''gai!on,
and having safely weathered eve -y
financial panic and period of hnio..
depression that have brought disaster
to banks a 1 over the countr; . U ;s
a clean record second to that : t no
other bank In the .state. Furthermore,
ifSiT ... If- i ' I
INTERIOR VIEW FARMERS ft TK 1FRS NATIONAL BANK.
kane. It Is an Interesting fact that
I there has been no change In the lift
of correspondents since the organiza
tion of this bank. Close relations are
ma ntalned with the First National
B: nk of Eg n, the First National of
Sump'er and the First National of
! Canyon City, all of which are suc
jcessfil banklni ente prises. J. W.
Scrlb'r, ca l.ler of the Farmers &
jTrad'T1' bank was a prln e mover in
the Incorporation of each, and 'n two
nttances the cashier's were secured
from among the members of his staff.
Tne Farmers ft T aders Natlona'
hank occupies a commodious and sub
tun :1a building, specially fifed for
Its us s. and located on one of La
Grand. 's principal business corners.
T.ie fittings, fixtures and arrange
ments are very modern, and the In
terlo' presents a metropolitan apoear
ance. Every precaution Is taken for
he '.nfo-etiuiuing of the tunds of the
hank and Its customers. There Is a
burglar-proof steel-lined vault flttted
with a Macneale ft Urban tr'p.e-tlme-lock
safe. Safety deposit bixes are
ously since the bank's organization,
and f)tn its opening day Mr. J. W.
Sir'b. r ha" be n cashier. He Tia
I ,1 .Ml Mil 1IC live tart In the develop-
n-.ei : of La Grande and vicinity, and
hi? pt.bllc-splrited services hgy been
o' g cat va'ue to ihls commjKTy. Tha
ob-if.-ver does not hesitate to say tnat
no inr.n has done more for the or
?an'zut:on and success of the La
Irande Commercial club, which ha
fce-n Instrumental in so many way
r. furthering the Interests of thlsseO"
tion. Mr. Scriber has not shirked th
Ititles of good ci izenshlp, and tor
i ar.r 8 years continuously wa ft
m nber of the city council. It wa
during this period that La Grande's
floa'.-j debt was reduced BO per cent,
and 'te city's revenues Increased 10
per vent., and Mr. Scriber's financial
acumen asfvired'y contrIbvJ4 BO
slight part toward this entfr' With
associates, in 1892, he organized a
company to develop Morgan Lake,
which company was merged last year
n ihe Grande Ronde Electrlo CO'Jl"
p: ny and he was one of those promi-
I
IB "I
V aV- ' -A'.- 1 -
mi
il fn; ri
it mmi
fx
in m
' f i ! 1 if 3 1 3 , 9Hl
J- IIHtfJIiltf'' I,-?' " 4 . 5
... ' . ..-... .J'i ; ' y-liSTiit hfriiys
FARMERS & TRADERS NATIONAL BANK.
so successful has been Us operation
from Its Inception, that there haa
never been an assessment on the stock
and dividends more thun equal to th
original Investment have been returned
to stockholders.
The original shareholders Included:
Henry Wildey. W. O. Hunter.
W. J. Snodgrass. N. Blum.
ri--itaiWl.fc.
. ' .1 f I l.w
1 ': ' :. .f:...:v7er;- . V : . , x -
S. F. Richardson.
Joseph Palmer.
A. P. Weller.
D. A. McAllister.
J. H. Rinehart.
H. C. Rinehart.
L. F. Proebstel.
Thos. Chandler.
H. C. Cotner.
F. M. Bartmess.
Jno. Bartmess.
J. A. Chl ders.
Geo. Gekler.
Jno. Predmore.
Jos. Baker.
J. Z. Shirley.
H. I). Ruckman.
A. W. Rynearson.
J. W. Scriber.
C).
was
BulM Photo.
VIEW ON ADAMS AVENUE, LA GR ANDE.
M. S. Black.
Wm Proebstel.
Jno. Green.
J. J. Peebler.
J. B. Thorson.
F. M. Standley.
B. W. Grandy.
E. Ackles.
Gev Ackles.
C. V. Harding.
F. Proebstel.
M. Baker.
J. E. Foley.
Jno Rynearson.
F. N?wlln.
F. Xj. McCully.
Frank Siemon.
Herman Siemon.
Julius Roesch.
Geo. Bartmess.
NOTE The names of shareholders
slt.ee deceased are Indicated by
The first board of directors
composed of J. H. Rinehart. Oeot-i
Ackles, F. Proebstel. J. B. Thorson, W.
J. Snodgrass. Jos. Palmer. F. D. Mc
Cully. M. Baker and D. A. McAllister.
The original officers were: M. Baker,
president: W. J. Snodjrass, vice presi
dent; J. W. Scriber, cashier.
Today the shareholders are:
D, Sommers. Turner Oliver.
Geo. Ackles. Waldron ft Co.
8. F. Richardson. G. E. McCully.
J. H. Rinehart. C. J. Scriber.
Jos. Palmer. Jno. Tashack.
A. P. Weller estate. H. B. Smith.
Adam Patterson. M. A. Sinclair.
F. A. Dice. L. E. Sinclair.
A. N. Gilbert M. S. Heath.
W. W. Kaiser. Thos. McConnelL
Mrs. H. M. Hassett J. W. Scriber.
The bank's correspondents include
the Hanover National Bank. New
York; Continental National Chlcajo;
First National. San Francisco; Mer
chants National, Portland; McCor
mlck ft Co. Bankers. Salt Lake City;
First National. Ogden; First National
Baker City; Traders National Bpo-
provlded for the use of customers at
i sma I annual rental.
The savings d-partment l one of
the Important features of this bank,
and 4 per cent. Interest Is paid on
these accounts, computid quarter.
The sp lng habit is the mot valu
able trait any on? can develop, tor a
thrifty and Industrious life will bring
the certnln reward of a competence.
Aided by the Interest paid by this
bank, It Is astonishing how rapidly
small regular weekly or monthly de
posits will grow. Many people de
posit large amounts in this saving de
partment, preferring the greater se
curity afforded to placing their money
It higher Interest-bearing loans.
The officers of the bank are: Joseph
Palmer, president; J. W. Scriber.
cashier, and G. E. McCully, assistant
cashier. Thy. with George Ackles and
C. J. Scriber form the board of di
rectors. Both Mr. Palmer and Mr.
Ackles have been directors continu-
nent in the organization of the Al
lame Klo.uin? Mill company, now
the La Grand? Flouring Mill comiany.
Mr. McCully, the assistant cashier, has
been with 'he bank since 1897. It will
tisl y b; seen that the Influence Of
The Farmers ft Traders National
Hank, as well as that of Its official!' aa
Individuals, Is ever exerted for the
m.i eriai up-bulldlng and development
of this wond rfully favored tertltoiy,
mi It Is In the belief that sucil tn-form-ition
will be of decided Interest
to prospective investors a(J. new
comers that this article has hfiH' pre
pared and printed.
j There Is a great deal of land avail
able under the timber and atone act
, In this section. Many people eome
jfn.m a distance to make entries. It
I you have not yet used your right,
j there Is still a good opportunity t
j acquire a valuable quarter section la
il'nlon or adjacent counties..
R33
it; t
oi:? mm nm
"' """fl I iiaitj
'v
MASONIC TEMPLE.
fi.
n r