LUNDQUIST, Elmer L. - 1914

LUNDQUIST, GURNEY, MANLEY, MELTER, BARNES

Posted By: Volunteer
Date: 7/1/2009 at 03:41:10

HISTORY OF
Cherokee County
IOWA
VOLUME II
ILLUSTRATED
CHICAGO
THE S. J. CLARKE PUBLISHING COMPANY
1914
By Thomas McCulla

ELMER L. LUNDQUIST.

One of the most enterprising and energetic of the younger generation of "business men in Marcus is Elmer L. Lundquist, prominently identified with financial interests of Cherokee county and cashier of the First National Bank of Marcus, an institute in which he is also a stockholder and director. He was born in Stanton county, Nebraska, in October, 1882, and is a son of Andrew and Margaret Lundquist, natives of Sweden. The parents came to America in 1869 and settled in Stanton county, where the father took up a homestead claim which forms a portion of his present farm. He has added to his holdings from time to time and now owns four hundred acres of valuable land.

Elmer L. Lundquist acquired his early education in the public schools of Norfolk, Nebraska, and afterward attended State Normal school at Wayne. He began his independent career as bookkeeper in the bank at Winside then owned by E. R. Gurney, now of Fremont, Nebraska, and he retained this position until he was sent to Carroll as assistant cashier in the bank there. In March, 1905, with Mr. Gurney he went to Hendley where he aided in the organization of the Farmers State Bank which was capitalized at ten thousand dollars. After five years as cashier of that institution he returned to Carroll, accepting a position as cashier of the First National Bank of that city. At the end of two years, in 1912, he came to Marcus, became a stockholder and director in the First National Bank with the position of cashier. This bank has a capital and surplus of seventy thousand dollars and its officers are as follows: W. P. Manley, president; Daniel Melter, vice president; E. L. Lundquist, cashier; and Floyd Barnes, assistant cashier. The bank building is one of the finest in this part of the state, a modern two-story brick structure, fifty by one hundred feet in dimensions, the second floor of which is occupied by the Masonic lodge. The equipment is thoroughly uptodate, including a large double vault, safety deposit boxes and an electric burglar alarm system. The policy of this institution is progressive but tempered by a safe conservatism, the interests of the depositors being safely guarded in every possible way. In addition to being cashier of the First National, Mr. Lundquist is also stockholder and director in the Farmers State Bank at Hendley, Nebraska, and a stockholder in the lumber mill at Baker, Oregon. He is recognized as an able and resourceful business man and has high standing in local business circles.

Fraternally Mr. Lundquist is connected with the Masons and the Independent Order of Odd Fellows and he is a devout member of the Methodist church. His political allegiance is given to the republican party. Although still a young man, he is widely known, figuring prominently in financial circles and holding the regard and esteem of all who are associated with him.