Cascade County MT Archives History .....History Of The Cascade Bank 1900
************************************************
Copyright.  All rights reserved.
http://www.usgwarchives.net/copyright.htm
http://www.usgwarchives.net/mt/mtfiles.htm
************************************************

File contributed for use in USGenWeb Archives by:
Joy Fisher http://www.genrecords.net/emailregistry/vols/00001.html#0000031 July 16, 2022, 1:08 am

THE CASCADE BANK, of Great Falls, Mont., was established April 24, 1889,
incorporated under the laws of Montana, and among its corporators were: S. E.
Atkinson, Peter Larson, Jacob Switzer, Judge William Chumesaro, John J. Ellis and F.
P. Atkinson. The original capital stock was $40,000, since increased to $75,000. The
first officers were S. E. Atkinson, president; F. P. Atkinson, cashier; W. W.
Miller, assistant cashier; Jacob Switzer, vice-president. Up to the present time
these officers have been continued and, with the exception of Vice-President
Switzer, they are now successfully operating the bank.

In number of years of continuous business the Cascade Bank is today the oldest
banking institution in Cascade county. It was one of the few banks of Montana that
successfully weathered the disastrous financial storm of 1893 and 1894. The
resources of the bank on January 1, 1900, were as follows:

RESOURCES.
Loans and discounts, $294,368.79; furniture and fixtures, $2,348.55; real estate,
$6,033,18; county and city warrants, $30,027.58. Reserve — U. S. Bonds, $112,866.25;
from other banks, $69,277.99; cash in vault, $53,142.65. Total, $568,064.99.

LIABILITIES.

Capital stock, $75,000.00; surplus, $15,000.00; undivided profits, less taxes and
expenses, $9,364.33; demand deposits, $363,590.62; time deposits, $105,110.04.
Total, $568,064.99.

The unqualified success of the Cascade Bank has been in the main largely due to the
careful and judicious management of its officers. Each of them is thoroughly versed
in his business and each of their financial careers has been such as to gain the
confidence, not only of the local community but of the business men throughout the
state.

Since 1878 S. E. Atkinson, president of the bank, has been identified with Montana
banking institutions. He was born in the town of Carrollton, Ohio, on November 17,
1848, and traces his ancestors in this country back to Stephen Atkinson, an
Englishman, who emigrated to the colonies before the Revolution, and was a
manufacturer of woolen goods in Maryland. His son, Isaac Atkinson, removed to
Pennsylvania and thence to Ohio, where he was a pioneer settler of Carroll county.
He too was a manufacturer of woolen goods and served one term in the Ohio
legislature. Isaac’s son, Robert J. Atkinson, was born in western Pennsylvania. lie
became a prominent member of the Ohio bar, and served as third auditor of the U. S.
treasury under the administration of Presidents Pierce, Buchanan and Lincoln. He
married Miss Matilda Jackson, who bore him three sons and three daughters, all now
living. His son, S. E. Atkinson, received his education in Ohio and at Columbian
College, Washington, D. C., from which he was graduated in June, 1871. The same year
he entered a law school, but the death of his father prevented him from completing
the course of study and the following six years he was employed as assistant
secretary of the Jefferson Fire Insurance Co., of Steubenville, Ohio. In 1878, on
receipt of a telegram from his uncle, Gov. B. F. Potts (further mention of whom will
be found in this volume), he came to Helena, Mont., and accepted a position in the
old First National Bank of that city. Here he remained five years and upon the
organization of the Montana National Bank of Helena he became its assistant cashier
and for eight years ably discharged the duties of that position. In company with his
brother, F. P. Atkinson, he came to Great Falls in 1889. The organization of the
Cascade Bank soon followed, of which he was chosen president and he is still serving
in that capacity. He continued his residence in Helena, however, until 1891. Since
that period he has been a citizen of Great Falls and was honored by Gov. J. K.
Toole, who appointed him quartermaster general on his staff in May, 1901.

Mr. F. P. Atkinson, cashier of the Cascade Bank, is one of the best known banking
men in Montana. Like his brother, he is a native of Ohio, born at Carrollton, on
July 24, 1855. He completed his education at Columbian College, Washington, D. C.,
then passed some years in the oil regions of western Pennsylvania, operating in that
section until 1887 when he came to Great Falls and took a position in the First
National Bank and later became assistant cashier for two years. Since that period be
has been with the Cascade Bank. Both of the brothers Atkinson are interested in
sheep and mining in Cascade and adjoining counties, also in real estate in Great
Falls. Their business operations have brought them in contact with many leading men
of Montana and by all who know them they are highly esteemed and deservedly
honored.

Extracted from:
PROGRESSIVE MEN OF THE STATE OF MONTANA.
Chicago: A. W. BOWEN & CO., (about 1900)


File at: http://files.usgwarchives.net/mt/cascade/history/other/historyo7gms.txt

This file has been created by a form at http://www.genrecords.org/mtfiles/

File size: 5.2 Kb