The Daily Missoulian. [volume], April 06, 1913, Morning, Editorial Section, Image 13

About The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961

Image provided by: Montana Historical Society; Helena, MT

                
THIS WEEK WILL OCOUR THE FORTIETH ANNIVERSARY
OF THE ORGANIZATION OF THE FIRST NATIONAL BANK
I''
TH FIER'CRE
This week the First National bank
of Missoula celebrates its fortieth
birthday anniversary. The original
charter under which the First National
6perates, through the several renewals
which have 'been made under the terms
of the 'banking law, was issued April
12, 1873. This charter was issued to
the "Missoula National bank," which
was the first name of the organization.
Though the name of the institution was
changed in 1889, the organization has
been continuous. This makes the
First National the oldest national bank
in Montana.
On this account, especially, the birth
*day anniversary' which will be cele
bated next Saturday is a noteworthy
occasion. But from this seniority in
age, the great influence which the First
National' has wielded in the develop
ment of Western ,Montana entitles it to
the congratulations which will be
showered upon it from bankers and
business'mep and fariners in this re
gion and in other parts of the state.
The First National bank and the men
who have been connected with it
since its establishment are intimately
identified with the progress of Mis
soula and the country about it. The
name of the institution and the men
who have directed its destinies will be.
found in every mention of the steps of
western Montana's progress.
For four decades this bank and its
people have been enlisted in the fur
therance of projects which have\ been
made for the good of the state. The
record:of the institution is the record
of the growth of western Montana.
The two have been inseparably allied
from the start. The pioneer banking
institution in Missoula, the First Na
tional is the parent of others of the
city's financial houses, formed as the
business of the city'grew sufficiently
to demand a multiplication of the
banks.
And it is interesting to note that this,
the oldest of the national banks of the
state, is one of the: first ten banking
institutions in Montana. It has grown
with the city. It has kept pace with
the needs of the country 'which has
witnessed such marvelous changes dur
ing the forty years df 'history which
have been written since that old char
ter was granted' in 1873.
The first home of the old bahk was
in a modest building on West Main
street; temporary quarters had lbeen in
the rear of W'orden & ('o.'s store. It
now occupies one of the handsomest
banking rooms in the northwest; its
building is one of the most substantial
in Missoula; its location is in the heart
of the city's business life.
'Associated with the history of the
First National bank are the names of
some of the best-known of the men
who have builde.d the northwest. The
first stockholders were: C. P. iHiggins,
Dan J. Welch, A. G. England, John F.
Higgins, James P. Relnlhard, Frank L.
Worden, Hiram Knowles, Sam T.
Hauser, Daniel C. Corbin, Ferd Ken
nett.
In the list are the names of the men
who founded Missoula, Frank L. Wor
den and Captain Higgins. Their as
sociates were men whose names are
connected with the business and com
mercial history of Montana-and even
of a wider range of territory than that.
Some of these names apprar upon the
brightest pages of Montana history.
Later in the history of the 'bank ap
pear the names of G. A. Wolf, A. B.
Hammond, E. L. Bonner, R. L. Eddy
J. M. Keith, Marcus Daly, T. L. Green
ough, C. H. McLeod and T. (. IMarshall.
Succeeding them are the names of the
men who are now actively connected
with the administration of the bank's
affairs.
The first directors of the bank, then
the Missoula National, -were: C. P.
Higgins, D. J. Welch, A, G. England,
F. L. Worden, J. P. Reinhard, S. T.
Hauser and Hiram Knowles. The first
officers were: President, C. P. Hig
gins; vice president, D. J. Welch;
cashier, Ferd Kennett.
It is a far cry frqm the modest be.
ginning of the institution, with its cap
ital of $50,000, its humble quarters and
its rural surroundings, to the present
influential organization with a'capital
of $200,000, a modern building and the
environment of an active, progressive
city. The steps which have marked
this progress are The steps of the de
velopmLnt of a.city out of a village, a
great agricultural empire out of a com
paratiy . wllderpess and an industrial
I'"ý
FiLBi
FIRST NA'TIONA'L, BA.NK BUIL.DING.
and commercial life of astonishing pro
portions from the limited activities of
ante-railway days.
When the bank was established it
was representative of the general busi
ness interests of the city. With the
expansion of tile Business of Missoula,
the need for other banks was realized.
in 1889, when fhe name of the institu
tion was changed to its present form,
the Eddy-Hammond interests, to which
the present tlissoula Mercantile com
pany succeeded, controlled. It was
then that the C. P. Higgins bank was
organized and, soon afterward, the
Western Montana National bank was
chartered.
The active management and control
of the bank remained in the hands of
the Missoula Mercantile clompany in
terests .until, in 1909, F. S. Lusk and
his associate ,acquired a large holding
of the stock and assumned the adminis
tration of the bank's business. Mr.
Lusk came to Missoula as a contractor
1His New Job Makes William Jennings Bryan Sphinxlike
(By ROBERT F. WILSON.)
Washington, April 5.--On March 4
all interesting phenomenon occulrred.
One of the most communicative of
public men in American suddenly be
came the most 4ilent from the stand
point of newspaper publicity. On
that day William Jennings Bryan ac
cepted a place in the cabinet of Wood
row Wilson. And immediately ,or
respendents discovered that between
the Commrmer, the champion of a.
cause, molder of the political opinions
of millions of followers, wielding his
influence almost entirely through the
instruments of publicity-between
such a figure and the position at the.
head of the American department of
state there is a great (and silent) gulf
fixed.
At 1:30 p. im. on March' 4, Bryan
was his same old self, talking freely
with anyone who chose to question
him. At 1:40 he was referring
questioners to his new chief, Mr.
Wilson, who had just taken the oath
of office. And from *that moment to
this Bryan has not opened his lips
"for publication." Whatever he has
said has been given out either in
ormal typewritten statements or else
uttered in public speeches.
All this threw a shock into the re
porters. . They, who had been pre
dicting that the state department
would become the best source of
news in Washington, at first be
lieved that Mr. Bryan must he Indis
posed or tired. They kept after
him for days, They waylaid him in
public building corridors and on the
F. S. LUSK, PRESIDENT.
streets. They stormed his, office.
They stood him up in corners. There
were more correspondents at the
state department -than at the White
IHouse, all engaged in the gentle
sport of hunting the lost Bryan
tongue.
"Gentlemen," said the secretary
one day to it1 erowd which had
stoplleed him, "I refuse ,to be cate
chized any more." The Bryan eye
flashed ominously, and thereafter it
became an a;cc'eted fact that Bryan
had fitted in with the old state de
partment tradition of silence.
But if the newspaper men were
disappointed, the force of subordi
nate officials in the department were
astonished in quite a different man
ner. Some alarming tales about
Bryan had preceded him. IIe was
said to be austere.
It was exactly an opposite Bryan
who came in. From the first min
ute his geniality seemed -to warm
the musty old department, in which
the very furniture-old mahogany
and walnut, which has withstood
twenty administrations-chills ebul
lience of spirit. Bryan met the
whole force of subordinates during
his first day in office, and completely
won them with his kindly good nature.
A new spirit pervaded the depart
ment, By the end of the week the
civil service employes, many of whom
had been taught to regard Bryan as
something between a horned demon
and a toltch swinging anarchist, were
swearing by him, and bureau heads
who must soon give way to democrats
(No. 2106)
THE FIRST NATIONAL BANK
of Missoula, Montana.
The Oldest National Bank it Mon
tana, established Eighteen Hundred
and Seventy-three.
Depositary of the United States,
State of' Montana and County of
Missoula.
OFFICERS
Frank S. Lusk, President.
Frank H. Elmore, Vice President.
Edgar A. Newlon, Cashier
Newell Gough, Asst. Cashier.
DIRECTORS.
F. S. Lusk, H. F. Samuels, F. T.
Sterling, F. H. Elmore, Edward
Donlan, F. S. Lusk, E. A. Newton.
Report of Condition at Close of
Business February 4, 1913.
Resources. 4
Loans and Discounts.......$1,030,907.65
U. S. Bonds ....... ........ 210,000.00
Bonds, Securities, etc .... 166,070.06
Banking House and Real
Estate ........... ........ . 108,364.50
Due from U. S. Treasurer 7,500.00
Cash on Hand and in
Banks ........ ..,....... 559,340.92
$2 022,183.73
Liabilities.
Capital Stock $200,000.00
Surplus ... .....200,000.00
Undivided Prof
its ........... . ..19,627.08
-- ----$.. 419,627.08
Circulation ............. 147,600.00
Deposits ......... .......... .1,454,956.65
$2,022,183.,.
in the extensive railway construction
connected with the l, ilding of the Mil
waukee line and the reconstruction of
the Northern Pacifit., ie became in
terested in Missoutl. and decided to
make this city his home. His pilr
chase of an interest in the First Na
tional banlk followed upon this decl
silon.
January 1, 1910, M11. Lusk was elect
ed president of the ibank. IHe is still
its chief executive of!icer. Associated
in the management re.: F. C. Elnlrre,
vice president, and E. A. Newlon, cash
ier. Newell Gough is assistant cash
ier.
Perhaps there, is is no better way to
tell the story of thl First National
than to print these interesting notes
which The IMissonillan has been piermit
ted to take from the official minute-book
of the moe.tings of the directors, a rec
ord which extends away hback to the
organization or the institution; they
give an intimate glimpse into the life
story of this splendid institutlion; they
contain the names of the' men who
have given to the,'First National its
strength and integrity; thiey tell bet
ter than ornate description could tell,
the develolpment of the banking estah
lishment:
In 1875 Ford Kenne.tt was elected as
a director in place of Hiram Knowles.
Janury, I S77, .1. P. Iteinhard was
elected vice president.
September 21;, 1879, Mr. G. A. Wolf
was em-ployed as bookkeeper and clerk
at a salary of $51 per month.
March 1st, 15S2, the capital was in
creased to $75,0100. September 1, 1882,
it. was Increased to $100,000 and the
new stock was stld to E. I. ioinner, A.
B. Hammond and It. L., Elddy'.
September 9, 1082, A. It. llammnid
was e.lectd a direcctor and vice presi
dent.
January, 1.S, .1. M. Keith was elected
a director.
February 1, 1-.S, Ierd Kennelt re
signed as caslier and wa selected
president to suiic' ed C. P. lliggins, and
D. D. Bogart was elected cashier. In
July, 1880, Ford Kennett resigned as
president and S. T. Hauser was elected
in his p)lace, and I). D. Itogart. resigned
as cashier and .I. M. Keith was elected
in his plhce, ala Octo'be.r, 1888, I. ,.
Bonner and Mllil'llS D)aly werTe elected
directors.
December, I SO, S. T. Hauser re
signed as presideint and A. C. Englaind
was electied in his place.
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THE, BAKN ROO
F. H. ELMO'RE, VICE PRESIDENT
NEWELL GOUGH, ASSISTANT1
CASHIER.
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E. A. NEWLON, CASHIER.
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t'.ltr;lry to 1"xl'.rtaltins, the poll -
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s1veraltl (],dors to flrynnt's pr\iate of
fi.'l",, and flite other dliy an offil,'
hunter asked Xl1hi1h one wt1olll] ta:kl
hint out.
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J tlfauntro I910, il. I", :': ntitls, ' 'd
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I t\, in r 1.l , il e',, life of the n h t kl,
h t'ell ý. r' al" ! illS llo. tilt Pos i rs.
TAMMANY LEADER SLAIN.
,. ,r , .\lttil 5. ';ll. 'tlle Hti tu th,
[IV I'n, l Mt;:1 ,;IInts \\hl ti 't're seen t il,
Ito o , \\iJllnes , llnut t,,(, l. A hbrol h
1r ,' I , shlin int:n ;thIl that. tinilh
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h111 II l l l.it',e wv+,e told (I Ih 4m ilh
1.11, I r," In ly heeni Io involl v, ,l ill :t
1."f: ; lhl ;ol1,l h1: ld illn vo l Ito l'h', lyl
hbr :nse oI'f lith ul:'s t.'.'tti his: llf'.
CORONATION NEXT YEAR.
,\ll h,h I.. i t',,eet,, A:lril 5. -'T h," <'-t',
\\ill n ilo I t ., pl ,en lntil ,exl .,.1i
nlli\V;. ," sutil lit'y:ln. "There is ,,nly
ii111, (lour hI, alid tlh il tillne i, gilh hdel.
ilt ;1o ;. spilhl\ Ilr lit il +onlnltl e
to hb. ilt, wonll er 11f' the rihlilnnist'a
lion, i," tots ' ; , uI inely toui 'he(l the
otthr t].,y by tit plight of tih re
It'lt,'rs. It \\"a- atler the ,atlin
A illl .'ic;tI I si t l f ill nIIt W 1S is Uted --
{ on 1o h thll., in t cr. lllpo i, tteran es
that ever ctare from theil White
hlouse. A e'rrspon.nt.l I]d Tiryan
1lth t uIIle,4..s ffiei:Illy enligithtenel by
]litIl, t "l r'tp+ f.rl utnIlhi Ipro -tcom1
ho (do their own readilg hI t\ween rho
"'\'ti ltlo. rena] bet\teen ti ' lines,
or ,hove thenm oI un!Ieh them," said
rl'yatnl. "Y\'ou :1r'I at liherly to dt as
\ it choose." Tht'n, thinking to
tmipet'r his attitude, he added: "You
are the most unfortunate set of
newse.Iltr men in ",ashington to tae
as-i;ned to this office. I never knew
a ttuno in my life \\hen I felt more
ret lent."