Part 46 (2/2)

CITY BANKS

To Christopher Carli is due the honor of conducting the first banking operations in Stillwater In 1855 he issued and redee, Caswell & Scheffer, Jan 27, 1857, opened a private banking house, and froed into the

FIRST NATIONAL BANK

of Stillwater The capital stock was 50,000 The first officers were: Charles Scheffer, president; O R Ellis, cashi+er The officers in 1886 were: Louis Hospes, president; C N Nelson, vice president; F

M Prince, cashi+er The capital stock is 250,000 The gross a June 3, 1886, were 20,000,000 We append the annual report of 1886:

RESOURCES

Loans and discounts 727,286 70 Overdrafts 1,745 82 United States bonds to secure circulation 50,000 00 Due froents 30,999 72 Due from other national banks 4,266 85 Due from state banks and bankers 3,491 48 38,758 05 Real estate, furniture and fixtures 12,000 00 Current expenses and taxes paid 11,108 56 Premiums paid 9,000 00 Checks and other cash items 1,662 91 Bills of other banks 1,295 00 Fractional paper currency, nickels and pennies 77 07 Specie 33,392 00 Legal tender notes 17,440 00 53,866 98 Redemption fund with United States treasurer (five per cent of circulation) 2,250 00 ----------- Total 906,016 11

LIABILITIES

Capital stock paid in 250,000 00 Surplus fund 60,000 00 Undivided profits 25,617 60 National bank notes outstanding 45,000 00 Dividends unpaid 20 00 Individual deposits subject to check 236,095 72 Demand certificates of deposit 6,305 93 Time certificates of deposit 224,223 41 Cashi+er's checks outstanding 679 95 Due to other national banks 3,507 67 Due to state banks and bankers 5,266 78 476,079 46 Notes and bills rediscounted 49,299 05 ---------- Total 906,016 11

LUMBERMAN'S NATIONAL BANK,

Organized Jan 10, 1871 Capital stock, 150,000 First officers: Isaac Staples, president; H W Cannon, cashi+er In 1886 the bank had in capital stock 250,000 and a surplus of 50,000 The present officers are: President, Isaac Staples; vice president, R F Hersey; board of directors, Isaac Staples, R F Hersey, E S Edgerton, David Tozer, E W Durant, David Bronson, J McKusick, Matt Clark, Wm G

Bronson, E L Hersey, R S Davis

STILLWATER SAVINGS BANK,

Organized Jan 10, 1873, under an act of the legislature of 1867, with the following board of trustees: Isaac Staples, president; David Bronson, Dwight M Sabin, Lewis E Torinus, Wm Willim, I E Staples, and H W Cannon

ST CROIX LUMBERMEN'S BOARD OF TRADE

Was incorporated March 8, 1867 The first officers were: President, David Cover; vice president, Louis Hospes; secretary, E W Durant; treasurer, David Bronson, Jr; surveyor, Ivory E McKusick

STILLWATER BOARD OF TRADE

The board was organized in January, 1871 The first officers were: President, David Bronson; vice president, C J Butler; secretary, D

W Ar; treasurer, C N Nelson; board of directors, John McKusick, Isaac Staples, J E Schlenk, J O'Shaughnessy, M Moffatt, E W Durant, J N Castle, B G Merry, G M Seymour, L E Torinus

STILLWATER WATER COMPANY

The site of the city abounds in beautiful springs Charles Hathahile excavating on his lot near Third street, struck a large vein capable of supplying 1,000 barrels per day He constructed a reservoir with an elevation of about fifty feet above the street, and fro streets and other purposes