Denver, History of Colorado, BIOS: BRIGGS, Frank Newton (published 1918) *********************************************************************** USGENWEB NOTICE: These electronic pages may NOT be reproduced in any format for profit or presentation by other organization or persons. Persons or organizations desiring to use this material, must obtain the written consent of the contributor, or the legal representative of the submitter, and contact the listed USGenWeb archivist with proof of this consent. The submitter has given permission to the USGenWeb Archives to store the file permanently for free access. *********************************************************************** File contributed for use in USGenWeb Archives by Maggie Stewart-Zimmerman http://www.genrecords.net/emailregistry/vols/00015.html#0003643 December 3, 1999 *********************************************************************** "History of Colorado", edited by Wilbur Fisk Stone, published by The S. J. Clarke Publishing Co. (1918) Vol. II p. 400, 402-403 photo and signature 401 FRANK NEWTON BRIGGS. Frank Newton Briggs, a prominent banker of Denver, exemplifies in his life record the fact that success is not a matter of genius or of fortunate circumstance, as held by some, but is rather the outcome of clear judgment, industry and experience. Persistency of purpose has enabled him to overcome all difficulties and obstacles in his path and work his way steadily upward until he ranks with the leading financiers and bankers of Colorado, having since January, 1911, been president of the Interstate Trust Company of Denver. He was born at Wilton Junction, Muscatine county, Iowa. September 21, 1859, a son of Elias Clark and Rachel Jane (Byers) Briggs, the former a native of Vermont, born in 1831, while the mother is a native of Ohio. Her parents were Moses and Mary (Brandenburg) Byers. Her brother, Hon. William N. Byers, was a pioneer of Denver and the founder of the Rocky Mountain News, the oldest paper published in the state. The death of Elias C. Briggs occurred at Wilton Junction, Iowa, in 1861, the mother being then left with the care of two children. Elias dark Briggs was a cabinet maker by trade and established a furniture store, which he conducted in connection with cabinet making, being the first to enter that field of labor in Wilton Junction. In those early days the town cabinet maker always conducted the undertaking business and for several years he was the only undertaker and furniture dealer through a wide territory, but death ended his labors when he was but thirty years of age and thus it was that Frank Newton Briggs was early forced to start out in life independently. The mother moved to Washington, Iowa, where she resided until 1881, when she removed to Denver, where she has since made her home. Frank Newton Briggs is indebted to the public school system of Iowa for the limited educational opportunities which he enjoyed, but the death of his father, leaving the mother with very limited means, made it imperative that he seek employment when but a young lad in order that he might contribute to the support of his mother and family. During the summer seasons he was employed at farm labor in the vicinity of Washington, Iowa. In 1879, he was offered a position in the Denver postoffice at a salary of five hundred dollars per year. He had previously been earning but eleven or twelve dollars per month and this seemed to him a very munificent sum. He was at the time a youth of nineteen. Having been unable to save anything from his earnings, he was forced to borrow seventy dollars from friends in order to buy his railroad ticket and equipment for the trip to Denver, where he arrived on the 30th of April, 1879. Energetic, determined and persistent, he never allowed obstacles and difficulties to bar his path it they could be overcome by continued and honorable effort, and such traits of character soon won to him the favorable attention of those higher up in the postal service. Promotion accordingly followed, so that when he severed his connection with the Denver postoffice in 1883, he was holding the position of chief of city distribution and superintendent of letter carriers. While thus employed he installed the first mail boxes in the city, receiving these from Washington, D. C. They numbered only twelve in all and Mr. Briggs selected the locations for these as a matter of convenience to the citizens. This was in 1881, following the introduction of the carrier system, the first letter carriers being at that time added to the city postoffice force. He continued in the government service for four years and then withdrew to enter into a merchandising partnership with Frank S. Byers in Grand county, Colorado, under the firm style of Byers & Briggs. While there residing Mr. Briggs was appointed postmaster of Hot Sulphur Springs and continued in that position until 1886, when he resigned, having been elected judge of Grand county. He ably served in that capacity until 1889, when he returned to Denver and entered the real estate business, in which he continued successfully until 1893, when the widespread financial panic involved the country and he lost everything, eventually paying up, however, all that he owed. Subsequent to that time he was connected with various business enterprises of the city until 1896, when he removed to Victor, Colorado, and purchased the Victor Dally Record from Halsey M. Rhodes. This he edited and managed very successfully, building up a large circulation and making the paper a. profitable one. This was during the boom days of the Cripple Creek district and he was one of the most prominent factors in the business and political life of that section during those exciting days. Mr. Briggs became prominent in the political activity of that region, serving as chairman of the silver republican party and later on doing much to shape the policy oŁ the republican party in Teller county and in the state during that period. In 1902, however, he disposed of the Victor Record and turned his attention to the banking business in Grand county. While on a visit to Denver he met Mr. Moffat, with whom he was well acquainted and who was then just starting to build the now famous Moffat Railroad. In tact it was Mr. Moffat who suggested to Mr. Briggs that he go into the banking, business in Grand county. The latter replied that he knew practically nothing concerning banking, but Mr. Moffat told him all he needed was a sate, a sign and a set of books, get an office and become acquainted with the people. The suggestion was followed by Mr. Briggs, who on the 2d of October, 1902, established the first bank in Grand county, at Hot Sulphur Springs. It was a very small affair, with five thousand dollars capital, occupying a little corner of the country postoffice, its space being about six by fifteen feet. In three years' time, however, he had built up his banking business from nothing to one hundred and forty-five thousand dollars in deposits and he then erected a substantial bank building which is still being utilized tor the purpose for which it was built. Moreover, he acquired for Mr. Moffat all of the right-of-way for the railroad through Grand county and acted as its financial and confidential agent for several years. Prospering in his banking operations, he extended his efforts in that connection by establishing the Bank of Kremmling and also the Frazier Valley Bank. After acting as cashier of the Bank of Grand County tor several years he was elected to its presidency, and having become well established in the banking business, he was called to a still broader field, being elected to the cashiership of the Interstate Trust Company of Denver on the 1st of May, 1908. Accordingly he returned to this city and from the beginning of his connection with the Institution its growth has been notable. His pronounced ability in this field led to his election to the presidency of the bank in January, 1911. Something of the growth of the business under his administration is Indicated in the tact that when he became connected with the Interstate bank it was capitalized tor fifty thousand dollars and its deposits amounted to two hundred thousand dollars, while at the present time the deposits have reached two million, six hundred thousand dollars, and the capital and surplus of the bank are two hundred and forty thousand dollars. Extending his efforts into other fields, Mr. Briggs organized the first bank of Bnglewood, Colorado, in 1909, calling it the Arapahoe State Bank. In December, 1910, it was converted into the First National Bank of Englewood and he was elected its president, In which connection he built up a strong financial institution, which he disposed of in 1917. Whatever he has undertaken in connection with banking has been carried forward to success. He seems to possess almost intuitive judgment in connection with every phase of the banking business and his sagacity, keen discrimination and unfaltering enterprise have been most important elements in upbuilding the banking business in this state. He was president of the Colorado Bankers Association in 1914, and during his administration the Association made wonderful progress. On the 7th of June, 1888, Mr. Briggs was united in marriage to Miss Nannie Eyestone, a daughter of W. J. Eyestone, who at one time was a prominent public official of Iowa. Mr. Briggs is identified with several fraternal organizations. He has attained the thirty-second degree of the Scottish Rite in Masonry, belongs to the Knights of Pythias fraternity and to the Brotherhood of American Yeomen. He is also connected with the Denver Chamber of Commerce, and he and his wife are members of the Central Presbyterian church. In politics he maintains an independent course. Colorado has no stronger nor more enthusiastic advocate of its interests and opportunities than he, and throughout the entire period of his residence in the state he has been a most earnest worker for its upbuilding and advancement. Honored and respected by all, there is no man who occupies a more enviable position in banking and business circles than he - a tact due not only to the success he has achieved but also to the honorable and straightforward business policy which he has ever followed. His life record indeed illustrates the fact that success and an honored name may be won simultaneously.