1879 History of Des Moines County
Transcribed by
Lou Bickford &
Janet Brandt
BURLINGTON BOARD OF TRADE.
In accordance with the provisions of Article 1, Chapter 52 of the Code of Iowa, Revision of 1860, the following persons associated themselves into a corporation, to be known as the Board of Trade of the City of Burlington, Iowa, to have succession for twenty years, from February 1, 1873, to February 1, 1893: E. M. Burt, J. C. Peasley, Thomas Duncan, J. I. Gilbert, William Bell, James Morton, J. W. Barnes, Charles O'Brien, Charles Starker, James Putman. The capital stock of the association is $50,000, divided into 5,000 shares of $10 each. The Board of Trade has now a membership of about seventy-five business men. The present officers are: Charles Mason, President; Charles O'Brien, First Vice President; M. Simpson, Second Vice President; E. A. Brenizer, Secretary. Each year the Secretary of the Board of Trade issues a report embracing a statistical review of the business of the city. However, as this book does not partake of the nature of a gazetteer, we omit giving an itemized statement, but will quote from the last report, published January 1, 1878, the business of 1876 and 1877 in general terms. The annual report of the Board of Trade for 1878 will in all probability be published soon after this work, and those desiring more accurate or detailed information, can secure it by applying to the Board of Trade:

STATISTICS COMPILED FROM BANK STATEMENTS, 1877.
  Their united capital and surplus …………………………………………….............. $652,980.00  
"average deposits …………………………………………………………….... 1,008,705.50
"average loans ………………………………………………………………….. 1,088,958.28
"average reserve to deposits, 43 per cent.
"exchange drawn on New York, Boston and Philadelphia ……………….... 6,752,428.00
"Chicago, St. Louis and Cincinnati ……………....... 9,462,752.00
"Europe ……………………………………………….. 64,551.00
In 1877, according to the books of the U. S. Collector of Internal Revenue for this
District, Burlington paid into the U.S. Treasury ..................................

125,265.16
The Wharfmaster's report for 1877 shows the amount of money collected during the
season of navigation that year to have been .......................................

738.00
The Burlington Post Office issued, in 1877, foreign and domestic money orders
in the sum of ..................................................................................

72,432.07
and paid money orders in the sum of ……………………………............. 190,238.43
The sale of stamps and postal cards amounted to …………………....................... 19,874.44
The sale of envelopes, wrappers, etc., amounted to .........…………...................... 9,871.40
The various wholesale and retail houses of the city sold goods, during 1876,
amounting to ...................................................................................
15,802,000.00
The miscellaneous manufacturers did a business in 1876 of …............................ 2,959,960.00

In the forthcoming annual report of the Board of Trade, tabular statistical reviews will be given of the business transacted by the different railroad companies.

BANKS.
First National Bank was organized February, 2, 1864, and authorized to commence business March 29, 1864. The first Directors were Lyman Cook, D. M. Ewing, G. C. Lauman, E. Chamberlain, J. L. Corse, A. W. Carpenter, M. S. Foote, D. Denise and Joseph Norton. The first officers were: Lyman Cook, President; A. W. Carpenter, Vice President; and G. C. Lauman, Cashier. The present Directors are G. C. Lauman, Joseph Norton, Thomas Hedge, E. Chamberlain, J. G. Foote and Lyman Cook. The present officers are: Lyman Cook, President; G. C. Lauman, Vice President; W. P. Foster, Cashier. The capital stock is $100,000; surplus fund, $9,500.
National State Bank was organized January 9, 1865, with W. F. Coolbaugh, President, and F. W. Brooks, Cashier. It was authorized to commence business January 25, 1865. The present Board of Directors is composed of E. D. Rand, C. E. Perkins, Charles Starker, J. C. Peasley and J. T. Remey. The present officers are: J. C. Peasley, President; J. T. Remey, Cashier. The capital stock is $150,000, and the surplus fund, $30,000.
Merchants' National Bank was organized October 29, 1870, and authorized to commence business December 2, 1870. The first Directors were C. A. Bodemann, P. H. Smythe, T. W. Barhydt, J. C. McKell, T. W. Newman, C. O'Brien and L. Teedrick. The first officers were: T. W. Barhydt, President; E. M. McKittrick, Cashier. The present Directors are J. C. McKell, John Patterson, T. W. Newman, T. W. Barhydt, George Sweny, W. W. Nassau and M. C. McArthur. The capital stock is $100,000, and the surplus fund, $210,000.
German-American Savings Bank was incorporated September 1, 1874. The first Directors were Hon. Charles Mason, Dr. J. J. Ransom, J. S. Schramm, Fred Becker, W. D. Gilbert, Henry H. Scott, S. H. Jones, J. H. Armstrong and John Lahn. The first officers were: Hon. Charles Mason, President; H Herminghans, Cashier. The present Directors are: Hon. Charles Mason, J. S. Schramm, John Patterson, S. H. Jones, Dr. W. W. Nassau, Henry H. Scott, Dr. J. J. Ransom, C. F. Boesch and Thomas Hedge. The present officers are Hon. Charles Mason, President; William A. Torrey, Cashier. The capital stock is $60,000, and surplus fund, $12,044.32.
Iowa State Savings Bank was organized August 20, 1874. The Directors and officers, who have always been the same, are Charles Starker, E. D. Rand, C. E. Perkins, J. C. Peasley and Theodore Gillett. E. D. Rand is President, and William Garrett, Cashier. The capital stock is $60,000, and the surplus fund, $6,645.26.

CORPORATED JOINT-STOCK COMPANIES.
Burlington Mutual Loan Association was organized May 5, 1868, with the following first Directors: W. E. Tomlinson, Thomas Hedge, J. L. Waite, H. H. Scott, Robert Allen, A. J. Hillhouse; Auditors, R. Spencer, W. C. Hendrie and James Putman, and E. Joy, President; T. W. Barhydt, Vice President; J. J. Heider, Secretary; John Lahee, Treasurer. The present officers are P.M. Crapo, President; H. H. Scott, Vice President; R. M. Green, Secretary; E. McKitterick, Treasurer. The office of this Association is located in O'Brien's Block, corner Fourth and Jefferson streets.
Burlington Lumber Company was incorporated February 10, 1877, with the following officers: E. D. Rand, President; J. L. Pierson, Secretary and Treasurer. Capital $100,000.
Burlington Insurance Company was incorporated December 21, 1860. The officers are Walcott Seymour, President; William Bell, Vice President; J. G. Miller, Secretary. Capital, $200,000.
Embalming Burial-Case Company was organized in 1876, and incorporated November 12, 1877. The officers are J. R. Nelson, President; R. R. Dorr, Secretary; A. L. Skinner, Treasurer.
Western Mill-Furnishing Company was organized January 23, 1879. Officers: John W. Swan, President; William Sennett, Secretary; Harvey Littler, Treasurer. Capital, $4,000.
Orchard City School-Desk Company was incorporated October 1, 1877. Officers: R. A. Moore, President; J. Z. Moore, Secretary and Treasurer.
Murray Iron Works were incorporated February 1, 1870. G. H. Higbee, President. Capital, $75,000. Mr. Higbee controls the entire stock, and manages the business in person.
The Centennial Mutual Life Association filed Articles of Incorporation July 13, 1876, and received authority to commence business July 22, 1876. The incorporators were: S. M. Thompson, of Muscatine; E. M. Laws, of Osceola; L. L. Beery, of Mount Pleasant; Watson Roberts, of Mount Pleasant; and the following of Burlington: M. C. McArthur, C. P. Squires, J. W. Barnes, A. W. Parsons, R. Root, C. H. Squires, C. H. Phelps, E. McKitterick and O. P. Waters. The first officers were: O. P. Waters, President; C. J. Weatherby, Secretary. The present Directors are: E. M. Laws, C. H. Phelps, J. W. Barnes, O. P. Waters, M. C. McArthur, E. McKitterick, C. P. Squires, S. M. Thompson, J. C. McKell, N. P. Sunderland and J. Tracy. The present officers are: M. C. McArthur, President; J. W. Barnes, Vice President; O. P. Waters, Secretary; W. H. Morehouse, Treasurer. The capital stock of the company is $100,000. They have written 11,375 policies, and since the date of payment of their first loss, February 2, 1877, they have disbursed for death-losses about $130,000. Any person, male or female, between the age of fifteen and sixty years, who can pass the required medical examination, may obtain a policy in the Association. To keep up the expenses of the Association, yearly dues are required. To pay death-losses, a levy is made upon each member, according to age at joining, and an additional sum of 10 cents on each assessment, to pay expenses of collecting the same.
The White Breast Coal and Mining Company was incorporated January 19, 1876, by William Haven, R. L. Fix, Wesley Jones and J. C. Osgood. The first officers were: William Haven, President; J. C. Osgood, Secretary and Treasurer. Wesley Jones retired from the Board, and was succeeded by C. M. Schenck. The present officers are: J. C. Osgood, President; L. R. Fix, Vice President; C. M. Schenck, Secretary and Treasurer. The capital stock of the Company is $60,000. Its principal mines are located at Cleveland, Lucas Co., Iowa. The coal is of better quality mined at a depth of 250 feet below the surface. The Company also own and operate mines at Flagler, Marion County, and at Avery, Monroe County. They employ about 300 men, and produce 120,000 tons of coal per year. The sales extend through Iowa, Missouri and Nebraska. The Company have yards at Burlington, Council Bluffs, Iowa, Omaha and Lincoln, Nebraska, and local agencies at all railroad points in the above named States. Their railroad trade is extensive. Their annual business is $350,000. The Company deals in foreign hard coals.
The Iowa and Missouri Coal and Land Company was incorporated March 1, 1872, by Fitz Henry Warren, James Putnam, C. P. Squires, J. W. Barnes, J. E. Labor and R. F. Hosford. The mines are located at Boyer and Caldwell, Van Buren County, and the coal taken therefrom, is claimed to be the best in the world for generating steam. The present Directors are Dr. J. J. Ransom, James Putnam, N. B. Sunderland, C. P. Squires, L. R. Fix. The officers are: Dr. J. J. Ransom, President; L. R. Fix, Vice President and General Manager; C. P. Squires, Secretary and Treasurer. The capital stock of the company is $100,000.
The Hay Metallurgic Company was organized in 1876. The officers of the Company are: G. R. Henry, President; M. S. Foote, Secretary.
Hay Boiler Protection Company was organized in 1876. A. P. Hay is President, and G. R. Henry, Secretary.

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