Weekly Republican, Volume 57, Number 47, Plymouth, Marshall County, 30 November 1911 — Page 26

THE PLYMOUTH STATE BANK

THE Plymouth State Bank, one of the most solid financial institutions of Northern In-

diana, has since its organ-

ization in 1892 occupied a most prominent position in the financial affairs of Marshall county and this section of the State. When David E. Snyder and Oliver G.. Soice promoted this Bank they foresaw at the start that only by strict application of sound banking principles, hard work and economy could they hope to see their efforts crowned with the successful results they desired. But with the determination to build up in Plymouth a banking institution that would reflect credit not only on the city but on themselves as well, they associated some of the best men of the county noted locally for their acumen and business sagacity with them in the undertaking. At the first meeting of the stockholders nine directors were elected of which David E. Snyder, Chas.

T. Mattingly and Oliver G. Soice

are the sole survivors. The others have all passed to the great beyond and were faithfully serving the bank in their official capacity when their summons came. To show the regard and esteem in which they were held by their fellow officers their life-size portraits adorn the walls of the bank and smile down upon the patrons, as if to say, "Tho absent in the body, we are with you still." The vacancies occasioned by death have been filled by capable and efficient successors until the personnel of the board of directors is as strong today as it ever was.

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STATE BANK BLOCK.

At the first meeting of the board of directors David E. Snyder and Oliver G. Soice were elected president and cashier of the bank respectively, which positions they have continuously held ever since. That the bank has been eminently successful is shown by their quarterly reports. At the present time their surplus and undivided profits are $96,000.00 in addition to which it has paid a reasonable semi-annual dividend since its organization. David E. Snyder, the president of the bank, was born in Marshall Countv sixty years ago and the county has been his home ever since. His business life has been so intimately interwoven with the financial affairs of this community that it would be hard to think of a trans-

action of any importance during the

life has been spent in Plymouth and since his advent here he has

been conspicuous in the social, political and financial affairs of the county. He came here when quite a voting man and while the honors of approaching age sit lightly upon him, he is not however considered a "spring chicken" any longer. Besides large real estate holdings in this city, Mr. Mattingly has several large and valuable farms in this county which occupy much of his attention. He also has in connection with his son, Ralph Mattingly, large lumber interests in Tennessee. As a business man Mr. Mattingly is known as most careful, conser-

vative and sound and his advice in

the management of the bank is always highly appreciated and the "bank push" with whom he is quite popular hope they may be spared for many years the "'pleasure" of hanging his picture on the wall.

Oliver G. Soice. cashier of the

Bank since its first organization, and whose portrait appears here is a

has been more or less connected with it. That he has been eminently successful in accumulating a competency is well known and he is considered in the business circles of this section as a most conservative and

careful financier.

While he yet devotes much time

caring for his banking and other in-

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terests, the most of his time is spent looking alter his farm located a few

Oliver C Soice. Cashier State Bank.

Marshall county product, having. been born in Bremen 56 years ago.

miles south of Plymouth, where he makes his summer home and prides himself in making believe he is a

"genuine farmer.'' Nevertheless he can show

fine thoroughbreds and good crops of grain as a. result of his efforts. Charles T. Mattingly, vice president of the bank, is another very prominent and successful financier

of Marshall County. Nearly all his

He came to Plymouth when but 16 years old and entered upon his busi-

ness career as deputy treasurer of Marshall county. He faithfully served in that capacity for twelve years and was then rewarded by being elected county treasurer, which office

at the first meeting thereof was elect-

past twenty-five years but what he

he has since c ntinously held. Mr. Soice is so well and favorably known throughout Marshall county and Plymouth in particular, that anything we might say of him would seem superfluous. He is considered a keen, shrewd, observing financier; yet withal possessed of such an agreeable personality that all who come in contact with him become his friends. To stand in the bank on a busy day and hear him familiarly called "0l" by

the patrons shows how strong he is in the affections of the people. It is that genuine personality (not put on) that has contributed so largely to the success of the bank and needless to say he is more than proud of the institution he has worked so hard to build up and he likes to boast of the fact that he has never missed a directors meeting since its first organization. In addition to being cashier of the bank Mr. Soice is a member of the

Plymouth School Board and has been for several years it treasurer. He is a prominent member of the Knights Templar and subordinate Masonic lodges; also a member of the Knights of Pythias and the Royal Arcanum lodges of this city. He says he is yet good for many years of active service and proposes to "wear out rather than rust out" in life. Last but not least of the officers we desire to mention Miss Carrie E. Reeves, the able assistant cashier, who has also contributed much to help build up the bank to its present prosperous condition. She has been in the employ of the bank since October 23, 1893, and has always possessed the utmost confidence and respect of the Directors. L. F. Helm, Claud C. Glarrison and Miss Trella M. Wood who constitute the office force are also entitled to commendatory mention for the interest they take in their work at the bank. The Directors of the bank in addition to the principal officers above mentioned are Fred H. Myers, present county treasurer and Samuel Gretzinger, a retired capitalist of this city. They are both shrewd financiers and add much to the strength of the institution. The bank carries on business in its own building, a fine structure located at the corner of Michigan and Garro streets. Built at a cost of $15,000.00, of Bedford stone, it adds much to the appearance of Michigan street and is a credit to the city.

The Technical "World Magazine says: 4 4 Never run after n woman. or a street car: there will be another one along in a few minutes."

PEAT IN MARSHALL COUNTY Industry Represented by Farm of Charles F. Brown of Tyner

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One of the latent Industrie

Marshall county, and which xie believe will some day be among the important interests, is the peat industry. - The well known properties of peat for fuel need not be spoken of. for its value is recognized by everyone who knows anything' about peat. Thousands of acres of peat lie unused in the United States for want of proper business organizations to put this valuable product on the market. The State Geological reports of Indiana have already pointed out jnst where the peat deposits are in Marshall county, and they are therefore easy to find. The chi?f of them are in Herman township, in the Lake of the "Woods region, in Xorth town

ship, in the vicinity of LaPaz; in Polk township in the vicinity of Tvuer: and in manv parts of West township. The best of these deposits is at Tyner. Mr. Chas. F. Hrawn has twenty acres cf peat, lying just east of the town which he says is the nest tobe found in thevUnited State?. He has dug some of tl is peat with the spade and sold it. after drying. It proved to he a good fuel. The hard and slow method f the shoyel. however, was net profitable or desirable, and Mr. I'rown has been trying- to interest capital in his project of putting in machinery to manufacture the peat into briquettes or cakes for the market. From time to time Mr. Drown has had examinations made of his peat.

"Under The Horseshoe Lies Plymouth"

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has had chemical tests of every kind, and t':e most tin. rough possible, to determine beyond doubt just what kind of peat deposits he had. All of these experiments, investigations and te.-ts prove more conclusively than ever that his peat deposits are the best to be found anywhere. Mr. Ilrown has practically closed contracts with some capitalists to install proper machinery and begin the manufacture of peat fuel. He expects now to begin operations in the spring. This deposit of peat is In a basin and there has Leen no chance for any of the fuel properties to drain eft'. It has been found that this peat, in addition to being- a fine fuel, has in if also a fine lubricating oil. which Mr. Brown expects to produce as a by-product of the peat business. In this twenty acres there is enough to last a big factory the space of -0 years, turni.ig; out a daily product of 200 ion?. It is earnestly hoped that Mr. iJrnvn will be able to put n good plant into operation and that this impor'mt industry may Tje developed in our county. There are eleposits enough in Marshall county to biing lar,-e sums of money here in return for our peat and its by-products. In order that as many as possible may realize the value i" thes? peat deposits, we epiote the

following from a bulletin of the United States Geological Survey issued in October:

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In Plymouth at 122 S. Center Street Lies C. L Switzer's Second Hand Store The only place in Plymouth where you can exchange old for new furniture. A full line of both new and second hand goods always on hand. Also Ranges, Wood, Hard and Soft Coal, Cook and Heating Stoves. Rugs, Carpets, Couches and everything usually kept in a first class second hand store.

C. L 122 Center St.

SWITZ'ER

Phone 466 PLYMOUTH, IND.

4The great peat deposits of the United States seem destined to re main an undeveloped resource, at least for some time to . come, not througb any ignorance of their practical value. According to Charles A. Davis, in an advance chapter on the production of p?at from Mineral Resources of the United. States, for 1910. which is issued by the United States (jeoloirical Survev, noteworthy progress was made in 1910. in tie production of peat fuel in, other countries than the United States, not only in the quantity actually marketed but also in methods of production and utilization. In this country, however, although it is generali known that there are large quantities of material good for fuel in the peat bogs and swamps of the northern and eastern parts of the country, but little progress has been made ) developing this resource on a commercial scale. In commenting on the growing use cf poat in Europe Mr. Davis refers to its valu3 as a gas producer, the resulting -4 producer gas" having a recognized high value for fuel and power. In a recently perfecteel gas producer it has been found that in converting p.at containing a good percentag? of nitrogen ito gas a larse amount cf ammonia, greatlv valued as a fertilizer, can be ob-

The town of Argos is most celebrated as the home of the National Hardware Bulletin, the official organ of the National Retail Hardware Association. The sucess of this association and its bulletin is due more to Mr. M. L. Corey of Argos than io any other man. It was through his efforts and genius that the Bulletin was made a financial success and has grown from a little pam-

New Office Building of National Retail Hardware Association, Argos, Indiana.

plilet to its present 140 pages. j stained in imitation

Above is presented a fine picture Berger steel ceilings

of the new office building of the Association at Argos, just recently occupied by the office force. The build ins is 60x40 ft two stories Hgii, has electric lights and hot "water heating system. The exterior walls are grey brick with cement foundation. Floors are hard maple, other interior woodwork is birch

XiPEvn -Cakes'

mahogany, throughout.

The building is plain but neat in appearance and well suited for its purpose, conveniencs and service being sought rather than display. The first floor is given to the general offices and mailing room. Tne directors room is on the second floor as are also the offices and equipment of the Bulletin.

Plymouth, Ind.. Xov. '22. ItMl. Dear Friend: We have nice cakes for breakfast every morning ever since we found some nice syrup to put "n them. We must use a gallon every two weeks. But it is not expensive, for we get a whole gallon of Karo or White King 4 Extra Quality Syrup" for 45 ets.. and its the best too. Your Friend, Jacob. P. S. We have got out of the habit of going to any other place for our groceries but HOOVER'S

Head The Weekly Republican.

gas for rot hing, the cost of power being then merely that of operating the gas engines, together with capi-j tal charges on the same. Altluugli these claims may be j somewhat optimistic, savs Mr. Davis '

it :s cbar that if each ton of thecr:tically dry peat gasified yields from Tö'liOO 'to DO.OOO cutic feet of producer gas. the calorific value of whieh is from 125 to 13.3 British thermal units per cubic foot, and also, gives 200 j-oumls of sulphate of ammonia as a by-product, the operation of. a plant consuming 10 tons cf dry peat fuel a day would produce a ton of .the ammonia salt. The pric? of sulphate of ammonia has for some years remained verv uniform at about $0 per ton in spite of enormously increased production. This proc?ss. wl ic:i is of practical

app'i ration in the United States, Mr. j

Davis, believes, should te investigated carefully bv owners of American

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Plymouth

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tninprl n hv-rrrwln-rf Aft Tlot-io

f . ... , peat lan.ls. n any of winch are verv quotes lrcm a report wincn show-:, . , .

as-producer plants us

that where

mg peat are carefully managed so great are the profits obtainable that it is often possible, while asking no credit whatever" for the value of the pewnr gas, to obtain as much s 100 per cent profit from sulphate of ammonia alone, after making proper allowance for the cost of digging ti e peat,' brincing it to the plant, and for labor, stores, capital, shares, etc. Indeed, with peats comparatively poor in nitrogen, it is poscible in any cases to produce the

rich in nitrogen, some Gevernment

analyses .l:owinjr as high as 3.3Ö per cent of combine! nitrogen. Peat consumption of all kinds in the United States in 1910 amounted to $182,147. The report cn the production of peat in 1910 can be obtained-by applying to the Director, United States Geological Survey, Washington, D. C.

PARKER'S HAIR BALSAM ClMun and brmutifie th hair. lYomotc luxuriant frrowth. Npw Falls to Bestore Gray Hair to :t Youthful Color. Cum fca'.p iliwaac Jt hair falling. 6Qc. ami jUlOat PniFiiU

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Our plant is equipped with modern machinery and we put forth every effort to give you the best service possible. Phone 638 and we will call for your work.

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Center

Street