Jasper County Democrat, Volume 11, Number 34, Rensselaer, Jasper County, 30 September 1908 — NEW STATE BANK [ARTICLE]

NEW STATE BANK

Organized At Remington With $25,000 Capital. SECOND BANK FOR THAT PLACE, Which Has Had But One Since the Failure of the Parker Bank Last December. Ever since the failure of the Parker bank at Remington last December there has been talk of organizing another bank there to take its place, the First National, a strong institution backed by Rensselaer capitalists, having been the only banking institution that town and community has had since that time. The move has at last taken definite shape and the organization has been perfected with some of the most prominent and wealthy farmers of that locality at its head. The stock is largely owned by farmers th.-reabout, and it is reported that an effort will be made to purchase the old Parker bank corner for the new bank. A bid has been filed with Trustee Cheadle, we understand, on this property, and in the event of other parties out-bidding them on the same they will try to secure the room Immediately west and just across the street, owned by O’Connor Bros. Either are good locations, but of course the Parker building is furnished and fitted up for banking purposes, while the other is not The capital stock of the new concern is $25,000, and the board of directors is composed of J. H. Biddle, James H. Gilbert, W. I. McCullough and Elias Julian, prominent farmers of Gilboa tp., and S. G. Hand, Dr. E. Besser and Christian Hensler of Remington. James H. Gilbert, who is the democratic trustee of Gilboa tp., 1b president; J. H. Biddle, vice-pres-ident, and S. G. Hand, cashier. They expect to be ready for business in a short time.

Following are the names of the stockholders: W. L. Gumm, C. H. Kinsell, Peter Geib, W. I. McCullough. Elias Julian, W. H. Janssen. I. N. Atkinson, John R. Wilson, J. H. Gilbert, Christian Hensler, Emil Besser, Frank E. Fisher, James Sheedy, Charles Hensler, S. G. Hand, James L. Sheetz. W. M. Hpgan, Philip fCnochel, D. W. Biddle, Lem Shipman. J. H. Biddle, James M. Hogan, Frank J. Babcock,