Wallace Farley

FARLEY

Posted By: County Coordinator (email)
Date: 5/11/2010 at 14:15:12

With the business interests of Boone county Wallace Farley of Ogden has been closely associated. He is now one of the stockholders and vice president of the city State Bank, and he has made extensive investments in real estate and in commercial paper. He as born in Canada, March 4, 1848, and is a son of Peter V and Elizabeth (Canniff) Farley, both of whom were natives of the same country. The father arrived in this country in 1870 and engaged in farming, winning substantial success through his well directed labors. He had come to Iowa a number of years before, removing form Illinois to this state in 1866. He took an active part in public affairs and was a member of the board of supervisors. His death occurred in 1892, while his wife passed away on March 6, 1852.
Wallace Farley was reared and educated in the public schools of Illinois and of Iowa, completing his studies at Mount Vernon, this state. He then came to Boone county, where he engaged in farming for six years, and in the fall of 1875 he established his home in Ogden, where he opened a lumberyard, a hardware and implement store and also engaged in the grain business. He was active along those lines for five years and for two years he handled cattle and dealt in real estate. He is a man of determined purpose, caring forward to successful completion whatever he undertakes, an in business affairs he has brooked no obstacles that could be overcome by determined, persistent and honorable effort. In 1884, he erected a building and organized the City Bank, which he conducted for twenty-three years as a private banking institution. He then sold most of his stock the bank was reorganized as the State Bank and Mr Farley was chosen vice president. The institution is today called the City State Bank of Ogden. It is in a flourishing condition its success is due to large measure to the enterprising and substantial measure established by Mr Rarely in connection with its conduct. As the years have passed on he has embraced his opportunity for investment in real estate and has extensive property holdings. He has also conducted a bond brokerage business and is himself the owner of much valuable paper. In Jun e1869 Mr Farley was untied in marriage go Miss Julia A Bridgeman a daughter of Benjamin and Lucy a Bridgeman, natives of Oho and pioneer settlers of Boone county, Iowa, where they followed farming. The father passed away in 1906, having for a number of years survived his wife, who died in California about 1880. Unto Mr and Mrs Farley were born two children: Elizabeth C at home, and Edith m who died January 1913.
Mr Farley interested in the public welfare, has served as a member of the city council and also on the school board. Fraternally he is connected with the Masons, and he also wears the little bronze button of the Grand Army of the Republic, for he enlisted in 1864 as a member of Company B, One Hundred and Forty-second Illinois Volunteer Infantry, and served until the close of the war. His political faith has always been that of the republican party, and his religious belief that the Methodist church. Sterling traits of manhood and citizenship have long been exemplified in his life, and he is well known in Boone county, where he has now made his home for more than four decades.

1914 Boone County History Book