Rensselaer Semi-Weekly Republican, Volume 35, Number 51, Rensselaer, Jasper County, 3 March 1903 — The American National BanK [ARTICLE]

The American National BanK

The proposed new national bank in Rensselaer is, like the ground hog, not dead, but only sleeping. There ia a difference though, for the ground hog sleeps because he has a house to sleep in; whereas the bank project sleeps because it has no house to wake in. It may sleep for several months, and it may wake up most any day. But, from information right from headquarters, we are now able to say that when it does awake, it will be full of life and vigor. All that holds thp matter back, is the question of a suitable building. Negotiations are now pending to solve that question, but there are contingencies that may delay its solution for some time, or it may be solved within a very few weeks. This much, however, is certain: The capital stock is allsubscribed for, the general management has been decided upon, and the name selected and accepted by the Comptroller of the currency. The name is “The American National Bank of Rensselaer.” Notice that this name had been accepted, and authority to organize under it given, was received by telegraph Friday night J. C. Paxton, who was the active organizer and is understood to be the future cashier, is now in Colorado, but with the full understanding that he will start back for Rensselaer on the first train, when a building for the bank has been secured.