K. S. PAULSON

K. S. Paulson

K, S. Paulson, a well known business man of Joice, is the cashier of the Farmers Savings Bank. He was born in Dane county, Wisconsin, on the 12th of July, 1870, his parents being Ole and Lukris Paulson, both of whom are natives of Norway. The father was brought to the United States by his parents when a lad of four summers and the mother came to the new world with her parents when but two years of age. The respective families settled in Perry, Wisconsin, where the two children grew to adult age and were married. For thirty-five or forty years they lived on the old home farm in Dane county, Wis­consin, but are now residing in Perry, Mr. Paulson having retired from active business life.

K. S. Paulson of this review is indebted to the public school system of Dodgeville, Wisconsin, for the educational opportunities which he enjoyed, and after his graduation from the high school there with the class of 1893 he attended the Northern Indiana Normal School at Valparaiso. He then took up the profes­sion of teaching, which he followed in the Wisconsin schools for five years, and in 1898 he came to Iowa, entering the Fertile Bank in the capacity of bookkeeper and assistant cashier. He remained in that position until March, 1900, when he came to Joice and aided in the organization of the Farmers Savings Bank, of which he has since been cashier, contributing in substantial measure to the con­tinued growth and success of this institution. The bank was conducted as a private bank for three years but in 1903 was organized as a state bank with a capital of ten thousand dollars, and in 1914 the capital stock was doubled, being raised to twenty thousand dollars. The bank now has assets of between four and five hundred thousand dollars and is one of the successful banking institutions of northern Iowa-one whose financial policy has been largely formulated by Mr. Paulson and has been the basis of the continued success of the institution.

Farmers Savings Bank, Joice

In 1908 Mr. Paulson was united in marriage to Miss Christina Abraham, of Northwood, and to them have been born two children, a son and daughter, Kermit and Crystal. In his political views Mr. Paulson is a republican, having sup­ported the party since age conferred upon him the right of franchise. Since coming to America the family has been most loyal to the interests of their adopted land, the father having served as a soldier of the Civil war in defense of the Union. Mr. and Mrs. Paulson of this review are members of the Norwegian Lutheran church and are interested in all those forces which make for better­ment and upbuilding in the community in which they reside.

SOURCE: HISTORY OF MITCHELL AND WORTH COUNTIES, IOWA, 1918, VOL. II; Pages 620-623

Transcribed by Gordon Felland, 8/08/2006