BANKS.

The First National Bank of Kirkwood

The bank was organized in 1875. It was an outgrowth from the private bank of Henry Tubbs. The capi­ tal of the institution was $50,000, and its stock was distributed among a large number of the most representative men of Warren and Hen­ derson Counties. The first directors of the bank were: Henry Tubbs, B. H. Martin, P. D. Salter, Jos. A. Pierson, Jos. S. King, James Duke, John B. Sofield, Horatio Abbey and Jas. P. Firoved. Henry Tubbs was elected President; John B. Sofield, Vice President; and Willard C. Tubbs, Cashier. The history of the bank is marked by few changes.

The President and Cashier first elected served the bank continuously for twenty-four years, and four of the nine original directors served continuously during the same long period. In the year 1880, John B. Sofield, Vice President, re­ signed, and Paul D. Salter was. elected as his successor. Mr. Salter continued as Vice Pres­ ident until the time of his death in 1899. In 1892, Chas. D. Watson was elected Assistant Cashier, being the first employe to serve the bank in this capacity. In 1899, W. C. Tubbs tendered his resignation as Cashier, and C. D. Watson was chosen to succeed him. G. S. Tubbs was at the same time made Assistant Cashier. After the death of Dr. Henry Tubbs during the same year, Willard C. Tubbs was elected President, and Wm. K. Gamble Vice President. The First National Bank of Kirk­ wood has prospered from the date of its organ­ ization, and has always been, both as to capital employed and as to volume of business. one of the leading banks of the county. Its working capital is $140,000, and its deposits range from $250,000 to $300,000. The officers of the bank are: W. C. Tubbs, President; Wm. K. Gamble, Vice President; C. D. Watson, Cashier; G. S. Tubbs, Assistant Cashier; G. M. Foote, Teller; J. Arthur Tubbs, bookkeeper. The directors are: Wm. K. Gamble, H. Abbey, W. C. Tubbs, P. R. Parrish, James H. Woods, Jas. P. Firoved, Lewis Duke, John K. Gibson, and G. S. Tubbs.

About 1858 Knowles. Ray & Chapin came to Kirkwood from Oquawka and engaged in general merchandising, and by force of circumstances, there being no bank in the village, were obliged to add banking to their business. The firm changed at different times, first to Chapin. Cresswell & Houlton, then Chapin, Houlton & Davis, and to Chapin, Houlton & Co. Mr. N. A. Chapin was identified with the firm until his death in 1899, and was also closely identified with the growth and prosperity of the village. After his death the firm quit business and was succeeded by the State Bank of Kirkwood.

The State Bank of Kirkwood

It was chartered April 18, 1899, and organized by the election of S. L. H. Gibson, President; C. A. Carmichael, Vice President; R. R. Davison, Cashier; and W. R. Chapin, bookkeeper. Mr. Chapin, after serving one year, resigned to accept a position with the MeCormick Harvester Co., of Chicago, and R. W. Houston took the place vacated by him. In 1901 Mr. Houston was made Assistant Cashier and at the April (1902) meeting of the directors he was chosen Cashier to succeed R. R. Davison resigned. The present officers are: S. L. H. Gibson, President; C. A. Car­michael, Vice President; R. W. Houston, Cashier; R. R. Davison, Assistant Cashier. The board of directors is composed of C. A. Carmichael, W. H. Gridley, R. R. Davison, S. L. H. Gibson, T. J. Billings, J. T. Stinemates, Geo. W. Tinkham, L. E. Ohler, J. C. Ackerman, F. R, Honlton, Wm. McCoy. On July 11, 1902, the bank had a capital stock of $25,000; undivided profits, $4,976.01; deposits, $93,039.47; loans and discounts, $101,561.93; cash items, $21, 453.55.