IAGenWeb Project - Allamakee co.

William Leui


Banking interests of Postville are ably and well represented by William Leui one of the prominent and progressive citizens of that community and the president of the Postville State Bank. Forceful, active and aggressive, he is giving large interests, of which he is the head, the strictest and most careful attention. A native of the neighboring county of Clayton, Mr. Leui was born in Grand Shadow, September 5, 1856, and is a son of Jacob and Susan (Shield) Leui, well known and highly respected pioneers of Clayton county, where he was reared on his father’s farm. In the acquirement of his education he attended the schools of the neighborhood and in his leisure hours and vacations helped his father with the work of the farm until he was nearly grown to manhood. However, there was in him a desire for better things and, always wishing for a better education than the locality afforded, he realized his ambition when he spent one year at Fayette College taking a business and commercial course, from which he graduated, and also spending six months at the State University at Iowa City. Better prepared for life’s battle, he returned to Postville, where he embarked for four years in the general store owned by J. W. Roberts, and then armed a partnership with Frank Orr, engaging in the hardware and implement business. He was so engage for a number of years, during which time the firm prospered, and created for himself a splendid reputation among the people of the community. It was during this time that he bought his first farm of one hundred and thirty-seven acres constituting part of the old home farm in Grand Shadow upon which he was born. His means {expanding and expanding}, he purchased two years later an additional one hundred and fifteen acres and the management of these farms and his other business interests kept him busily and successfully engaged until January 1, 1912, when be became president of the Postville State Bank. Upon his able supervision the institution has continued to prosper and expand in a remarkable degree and in May 1912, one of the best business locations in the city was purchased and the ground broken for a fine two-story brick bank building to take care of the increased business of the institution. The building is now occupied by the Postville State Bank and gives it the very best quarters in the city besides adding greatly to the improvement and appearance of the community. An outlay of fifteen thousand dollars was necessitated for the completion of the new building, which stands as evidence of the stability of the institution, the bank being one of the strongest in this section and deservedly popular with the people, who have every confidence in it and its officers. It has a capital of fifty thousand ollars, and an undivided surplus of an even amount makes it one of the responsible financial enterprises of this part of the state. Its deposits now exceed four hundred and twenty-five thousand dollars and are rapidly approaching the half million mark.

Mr. Leui was married in 1886 to Miss Jennie Orr, a daughter of Mr. and Mrs. James Orr, highly respected pioneers, who came to Allamakee county in 1855 and who are now residents of Postville. To Mr. and Mrs. Leui two daughters have been born. Hattie S. and Helen M. Their home is one of the handsome residences of the city and there they often meet their extensive circle of charming friends, who delight to partake of their hospitality. In his political affiliations. Mr. Leui is a progressive republican and although he is not active in politics, takes the interest in the affairs of the government that should be demanded of every right minded citizen and is an ardent champion of all movements and measures undertaken in the interests of Allamakee county, his locality, and his city. Although he is progressive in politics he is progressive in business, although he lets not one interfere with the other. The rapid advancement and development of Allamakee county is largely due to the individual efforts of such aggressive men as Mr. Leui, who by their efforts have made this one of the most prosperous sections in the country-a locality which not only excels for material wealth but which also carries high the banner of moral and intellectual advancement.

-source: Past & Present of Allamakee County; by Ellery M. Hancock; S. J. Clarke Pub. Co.; 1913
-transcribed by Diana Diedrich

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