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Biography of David Bailey

David Bailey. In the latter part of 1854 or the early part of 1855 Mr. Bailey moved to Monticello, Illinois. After a short sojourn there he came to Urbana, and in March or April, 1856, moved to Champaign, where for a number of years, in connection with W. B. Bailey, he conducted a small country store in a frame building that he erected on the site now occupied by the Robeson Department Store. David Bailey was one of the thirteen men who founded the First National Bank of Champaign, in 1865. Application for organization was made to the government in January, 1865, and certificate was issued in April, 1865. The thirteen men signing up were in the following order: J. S. Wright, J. H. Thomas, W. M. Way, Hamilton J. Jefferson, B. F. Harris, J. S. Beasley, David Bailey, Daniel Gardner, W. C. Barrett, Simeon H. Busey, S. P. Percival, J. G. Clark and A. E. Harmon. Each took fifty shares, making a capital of sixty-five thousand dollars. David Bailey disposed of his interest in the bank some time in the ’70s. In 1882 he, with other men, founded the Champaign National Bank. The nine men signing the organization certificate and present at the organization were: Edward Bailey, 110 shares; Wm. S. Maxwell, 100 shares; Jas. C. Miller, 150 shares; Bernard Kelley, 40 shares; David Bailey, 60 shares; Isaac S. Raymond, 10 shares; Geo. F. Beardsley, 10 shares; Francis T. Walker, 10 shares; James B. McKinley, 10 shares. In this bank he held his holdings until his death. During his residence in Champaign, Mr. Bailey was several times elected...

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