FootNote
The new kid on the block, FootNote is known for digitizing historical
documents... many of which are genealogical gems. With naturalizations,
city directories, war records, newspapers, town records, etc... this new
kid is quickly being recognized as an alternative to Ancestry.
While we know our northern friends may not feel it, in the South, Spring is
here. So we thought we'd share a few of our gardening sites appropriate
for this time of the year. Along with gardening, there's grilling, and getting
ready to diet so that you can fit back into that bathing suit this summer!
The Bank of British Columbia
is a branch of a London, England,
corporation, which was founded in 1860 and
has a capital of $2,425, 000. The Portland
branch was established in 1866 with E.
Russel as acting manager. It has been very
successfully conducted and enjoys a liberal
patronage. For several years, George Good, a
financier of well recognized ability, has
had charge of the business in this city. The
bank building, at the junction of A, Front
and Vine streets, was erected in 1882 and
cost $65, 000.
The Oregon and Washington Mortgage Savings
Bank was incorporated in 1876, with William
Reid as president, and reorganized in 1881.
It has done a large amount of business,
principally among the farming population of
the Willamette Valley, several million
dollars having been loaned to this class
during the first eleven years of the bank's
existence. William Reid has continued as
president ever since the organization of the
bank. William Lowe is cashier.
The Portland Savings Bank was organized in
1880, and for the first two years of its
existence was conducted largely as a matter
of experiment. From a small beginning it has
grown, however, to be one of the leading
banks of the city. The first location of the
bank was at the corner of Ash and Front
streets, but at the end of the first year
the demands of the business requiring larger
quarters the bank was removed to the corner
of Second and Stark. Here it remained until
the completion of the elegant bank building
at the corner of Washington and Second,
where the bank occupies most attractive
quarters. The president of the bank is Frank
Dekum, who was also one of the incorporators
of the institution. The other officers are
W. K. Smith, vice-president, and H. C.
Stratton, cashier. The board of directors is
composed of D. P. Thompson, W. F. Burrell,
Frank Dekum, W. K. Smith, R. M. Wade, George
H. Durham, S. A. Durham, C. A. Dolph, Ward
S. Stevens, E. J. Jeffrey and Cleveland
Rockwell. The bank has a paid up capital of
$125,000, with a surplus and undivided
profits of $120,000.
The London and San Francisco Bank is a
branch of an English corporation, with
headquarters in London. It was established
in 1882, and represents a paid up capital
and reserve of $2,375,000. Under the
direction of W. Mackintosh, manager, this
institution has had a well deserved success
in Portland.
The Merchants' National Bank is successor to
the Willamette Savings Bank. The latter
institution was incorporated in 1883, with
James Steel as president, but, in 1886, it
was changed to a commercial bank under the
present name of the Merchants' National
Bank. Mr. Steel was chosen president, and
has continued to retain the position ever
since. His connection with the bank has
largely contributed to its success. For many
years he was cashier of the First National
Bank and is not only a financier of
acknowledged ability, but is a moving spirit
in many important enterprises which have
been inaugurated in Portland during recent
years. Associated with Mr. Steel in the
management of the bank is J. Loewenberg, the
vice-president, who is prominently
identified with some of the strongest
financial organizations in the Northwest. I.
A. Macrum is cashier. The board of directors
is composed of James Steel, J. Loewenberg,
H. L. Hoyt, J. K. Gill, J. F. Watson, W. C.
Johnson and I. A. Macrum.
The Oregon National Bank is the out growth
of the Metropolitan Savings Bank, which was
incorporated in September, 1882, with a
capital of $150,000. Hon. Van B. DeLashmutt
was the leading spirit in its formation, and
was elected president. Under his able
financiering the venture proved a success,
notwithstanding the depressed condition of
the country which immediately followed its
inception. On the foundation of the success
achieved, the Oregon National Bank was
organized in June, 1887, with a capital of
$150,000, which later on was increased to
$200,000. Mr. DeLashmutt was elected
president, a position he has ever since
retained. The other officers of the bank are
George B. Markle, vice-president, and D. F.
Sherman, cashier. The directors are: Richard
Williams, George H. Williams, George B.
Markle, W. W. Thayer, Van B. DeLashmutt, D.
F. Sherman, J. H. Smith, H. Thielsen and C.
H. Dodd. The Oregon National Bank has
rapidly gained a large business and holds a
place in the foremost rank among the
financial concerns of the city. The officers
have in contemplation the erection of a new
bank building which will be an ornament to
the city and furnish adequate accommodations
for the growing business of this
institution.
The Portland National Bank was incorporated
in May, 1884, and has been in successful
operation ever since. Wm. Reid is president
and Wm. Lowe, cashier. The directors are:
William Reid, A. Reid, J. McDougall, John
McGuire and P. E. Habersham.
The Ainsworth National Bank was organized in
1885, with a capital of $100,000. This bank
is located in the Ainsworth block, corner
Third and Oak streets, a substantial fire
proof building. In connection with the bank
is a safe deposit vault for the storage of
valuables, which is extensively patronized.
The officers of the bank are: L. L. Hawkins,
president; W. K. Smith, vice-president: J.
P. Marshall, cashier. The directors are L.
L. Hawkins, W. K. Smith, Preston C. Smith,
J. P. Marshall and W. S. Charleston.
The Commercial National Bank commenced
business January 4, 1886, with a capital of
$100,000, which has since been increased to
$250,000. D. P. Thompson the president of
the bank is largely interested in country
banks and has thus been enabled to draw
around him an extensive clientage. Prank
Dekum is vice-president, and R. L. Durham,
cashier. The board of directors is composed
of P. Thompson, Frank Dekum, R. M. Wade, E.
S. Kearney, George H. Williams, R. Jacobs,
L. White, Henry Weinhard, Cleve-land
Rockwell, J. W. Hill, H. C. Wentman, J. B.
David, W. F. Burrell, George H. Durham and
R. L. Durham. This bank occupies a portion
of the Portland Savings' Bank building,
corner of Second and Washington streets.
Loan and Trust Companies
The Northwest Loan and Trust Company, and
the Portland Trust Company of Oregon, both
do a savings bank business. The former was
incorporated February 2, 1887, with a
capital of $150,-000. It receives and pays
interest on sums of one dollar and upwards,
and also executes trusts of every
description; acts as assignee, receiver,
guardian, executor and administrator or in
any other fiduciary capacity. The officers
are George B. Markle, president; J. L.
Hartman, treasurer, and W. G. Dillingham,
secretary. The board of directors is
composed of George H. Williams, Herbert
Bradley, S. B. Willey, H. Thielsen, J. A.
Sladen, C. A. Alisky, Thos. F. Osborn, D. P.
Sherman, Geo. B. Markle, J. L. Hartman',
Chas. F. Beebe and J. Thorburn Ross.
The Portland Trust Company was incorporated
April 22, 1887. It receives deposits in sums
of two dollars and upwards. Its officers are
H. L. Pittock, president; A. S. Nichols,
vice-president, and Benj. I. Cohen,
secretary. These officers, with A. M. Smith,
C. E. Sitton, Cleveland Rockwell, W. W.
Spaulding, L. G. Clarke, Charles H. Woodward
and A. F. Hildreth compose the board of
directors.
Insurance
Companies
During the last
few years four local insurance companies
have come into existence in Portland, and
all of them are prosperous and on a solid
financial basis. The oldest of these is the
Oregon Fire and Marine Insurance Company
which was incorporated in 1881 and has a
paid up capital of $220,000. L. White is
president; H. W. Corbett, vice-president and
Edward Hall, secretary.
The Northwest Fire and Marine Insurance
Company was incorporated in January, 1886,
but did not commence business until the fall
of 1887. It has a capital of $500,000. The
officers are: I. Loewenberg, president; J.
McCraken, vice-president; R . P. Earhart,
secretary and manager; P. M. Warren,
treasurer, . and E. Everett, assistant
secretary.
The Columbia Fire and Marine Insurance
Company was organized in May, 1887, with a
cash capital of $500,000. It engages in all
the business pertaining to fire and marine
insurance. The directory of the company
includes: D. P. Thompson, Asabel Bush, Frank
Dekum, H. Thielsen, Walter F. Burrell and
John A. Child. The officers are: Frank Dekum,
president; A. H. Breyman, vice-president,
and Peter Outcalt, secretary.
The Pacific Pire Insurance Company of
Portland was organized March, 1888, with a
capital of $500,000. F. E. Beach is
president; Win. McFall, vice-president; J.
A. Strowbridge, treasurer, and W. F.
Brownton, secretary.
