Shawnee County KS Archives History - Books .....The First National Bank, Topeka 1905
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Book Title: History Of Shawnee County, Kansas

THE FIRST NATIONAL BANK, TOPEKA.

    THE FIRST NATIONAL BANK of Topeka, one of the leading financial institutions
of the State, was organized in 1882, with Thomas Curran as president and J. W.
Redden as vice-president. D. A. Moulton was cashier and the directors were: Maj.
William Sims, William Wellhouse, W. A. Johnston, T. J. Anderson, W. W.
Mansfield, F. L. Stringham, J. D. Burr, George W. Wood, Theodore Curran, J. W.
Redden and D. A. Moulton. Of the above officers and directors, the only member
of the present board (1905) is Maj. William Sims.

    The present officers of The First National Bank are: Maj. William Sims,
president; W. H. Rossington, vice-president; Charles E. Hawley, cashier and C.
S. Bowman, assistant cashier. The board of directors is made up of these
capitalists: A. A. Robinson, president of the Mexican Central Railway Company;
Charles J. Lantry, of the firm of B. Lantry & Sons, contractors; W. H.
Rossington, vice-president of the firm of Rossington, Smith & Histed, attorneys;
Charles J. Devlin, coal operator; John L. Christopher, vice-president of the T.
M. & N. Railway Company; Maj. William Sims, president and Charles E. Hawley,
cashier.

    The condition of The First National Bank as rendered in 1883, one year after
its organization, was encouraging. The capital was increased from $100,000 to
$150,000. In 1888 it climbed to $200,000 and in 1892 it was raised to $300,000.
According to the report rendered April 24, 1901, the standing was as follows:
     
RESOURCES.
Loans and discounts                        $486,387 09
Overdrafts                                    4,496 51
U. S. and other bonds                       129,735 51
Real estate                                  18,000 00
Banking house furniture and fixtures        115,000 00
Cash and sight exchange                     243,655 29
Redemption fund with U. S. Treasury           2,500 00
                                           ___________
Total                                      $999,774 40

LIABILITIES.
Capital stock paid in                      $300,000 00
Surplus and profits                           6,025 07
Circulation                                  50,000 00
Dividends unpaid                                 40 00
Deposits                                    643,709 33
                                           ___________
Total                                      $999,774 40

    The present capital of the bank is the largest of any bank in the city. The
report of the business on March 14, 1905, was as follows:
     
RESOURCES.
Loans and discounts                      $1,041,452 30
Overdrafts                                    3,087 06
U. S. Bonds                                 314,000 00
Other bonds                                  80,000 00
Real estate                                   2,741 83
Banking house fixtures, etc.                 91,250 00
Cash and sight exchange                     719,232 70
Redemption fund with U. S. Treasury          15,000 00
                                         _____________
Total                                    $2,266,763 89


LIABILITIES.
Capital stock paid in                      $300,000 00
Surplus and profits                          99,764 76
Circulation                                 300,000 00
Deposits                                  1,566,999 13
                                         _____________
Total                                    $2,266,763 89

    In order to note the increase in the volume of business, a comparison made
with the statement at the close of business on July 15, 1901, will show that at
that time the loans and discounts amounted to $557,624.65, and deposits,
$822,063.02. Much of the prosperity of the institution must be attributed to
Cashier Charles E. Hawley, a man of extended business experience. The whole
make-up of the bank shows the influence of business experience and large
finances. Maj. William Sims, the president, is a financier in whom the public
has the greatest confidence. He is a veteran of the Civil War, a native of Ohio.
After a term of residence in Illinois, he came to Topeka in 1872. In 1901 W. A.
Stephens, treasurer of the T. M. & N. Railway Company, was one of the directors
but he is not a member of the present board.


Additional Comments:
Extracted from:

HISTORY OF SHAWNEE COUNTY, KANSAS
AND
REPRESENTATIVE CITIZENS

EDITED AND COMPILED BY
JAMES L. KING
TOPEKA, KANSAS 

"History is Philosophy Teaching by Examples"

PUBLISHED BY
RICHMOND & ARNOLD,
GEORGE RICHMOND; C. R. ARNOLD.
CHICAGO, ILLINOIS,
1905.



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