Jasper County Democrat, Volume 20, Number 39, Rensselaer, Jasper County, 11 August 1917 — BANK SITE NOT YET CHOSEN [ARTICLE]

BANK SITE NOT YET CHOSEN

Option Taken on Fendig Corner at Front and Washington Streets. The work of completing the details of the organization of the new Farmers’ Bank & trust company is being pushed rapidly, although there remains a great deal yet to be done. A site for the new bank has not yet been chosen, although a committee composed of C. F. Stackhouse, W. H. Parkinson and X. Littlefield has taken an option on the Fendig property at the northwest corner of Washington and Front streets. Some five' other locations are being considered and the matter will be definitely,, decided at the next meeting of the directors, the time for which has not yet been set. The officers of the new bank will also be chosen at the next meeting. Many rumors have been heard as to who these will be, but they are without official sanction. However, the general concensus of opinion among the directors seems to center about Charles F. Stackhouse for president. Mr. Stackhouse is a former trustee of Marion township and also a former county commissioner, filling both positions with dignity and credit, and his selection would indeed be a prudent one. O. K. Rainier has also been mentioned for vice-president, and the best information obtainable indicates that he will be chosen for this place by the directors. Charles V. May. present treasurer of Jasper county, will apparently be chosen for cashier, although no official action has as yet been taken regarding the place. At the present time there are about forty stockholders, and it is proposed to increase this number to seventy-five or more. No one individual will ever own a large portion of stock, as it is being sold in small quantities, and it is proposed that when a stockholder wishes to surrender his stock, 'the same will be taken in by the bank and sold to a new stockholder.