of
Muscatine County Iowa
1911
| History of Muscatine County Iowa 1911 | |
Source: History of Muscatine County Iowa, Volume I, 1911, pages 405-406
ABBOTT, DUTTON & PATTERSON. Abbott, Dutton, & Patterson were banking in Muscatine for a short time. Their business was merged in 1859 into that of the Muscatine branch of the State Bank of Iowa, A. O. Patterson, who was also a lawyer, having been a member of the state senate at the date of the passage of the bill incorporating the State Bank of Iowa. Mr. Patterson became the first president of the Muscatine branch and J. W. Dutton became its cashier.
Chester Weed was the first president of the bank, which included all the branches: Davenport, Lyons, Dubuque, McGregor, Council Bluffs, Des Moines, Iowa City, Muscatine, Washington, Mt. Pleasant, Burlington, Fort Madison and Keokuk.
Messrs. Patterson & Dutton were not conservative bankers and the Muscatine branch was soon in trouble and they were compelled to resign. Because of their bad management, but without any reflection whatever upon his character, capacity or management, Mr. Weed, feeling humiliated , resigned his position as president of the State Bank and Hiram Price, who became a member of congress from the second district, was elected president in his place. He continued as president of the State Bank of Iowa until its existence was terminated by the imposition of the federal tax upon circulating notes of state banks.
Hon. William F. Brannan was one of the original directors of the Muscatine branch and is the only man now living who was connected with the bank at its organization.
Asbury O. Warfield was the first elected cashier of the Muscatine branch but refused to accept the appointment.
Mr. Patterson, who in 1860 lived on the place so long owned by Fred Daut on Mulberry street, went to Pike's Peak in that year and Mr. Dutton went back to Illinois. Charles H. Abbott became Colonel of the Twenty-fourth Iowa Regiment and gave his life to his country.
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