The German
Bank of Carroll County
A new financial venture that is in reality the continuation of
an old and well established banking business and a new
organization of the German Bank of Carroll county. For several
years up until the first of January, 1898 this bank is owned by
a co-partnership composed of J. P. Hess, Jon Nockles and Wm.
Arts, with J. P. Hess as president. Upon the above date the
partnership was dissolved and the stock was purchased by the
following gentleman: J. P. Hess, Geo. F. Beberger, F. Caspary,
J. C. Dlaney, Peter Berger, Jas. Nurre, B. Brown, Geo. Selzer.
J. P. Hess was |
J.P. Hess |
elected president and Mr. F. P. Berger a son of M. P.
Berger was elected cashier. The capital stock of the bank is
$100,000.00, 75 percent paid up and the balance is the be paid in as
soon as the money is needed for loaning purposes. The
responsibility of the stockholders is over $300,000.00 thus
making the bank the strongest in the county. The German bank of
Carroll is one of the oldest banking institutions in the county.
It was organized first in 1870 by W. T. Winchen. In 1883 it was
purchased by A. W. and W. J. Patterson. Six years later Mr. Hess
began the organization of a banking institution that resulted in
the purchase of the German bank by Messrs, J. P. Hess, John
Nockels and Wm. Arts, those men having now sold to the late
stockholders mentioned above. The bank has been made much
stronger by the changed and is now in condition to meet the
demands made upon it for years to come. Its directors are all
well know and possess the confidence of the public.
Mr. J. P. Hess, president of the German Bank of Carroll County,
was born in Luxenberg, Germany in 1857. His parents came to
America when he was four years of age an settled at Dubuque,
Iowa. Here Mr. Hess was reared and received his education. He
attended the Piohono Institute for two years and then attended
the Cornell College for two years. He then followed teaching for
several years. In 1878 Mr. Hess moved to Carroll county and
taught school here until 1882 when he was elected to the
position of Recorder of Deeds of Carroll county. He was
re-elected in 1884 and served a second term. After retiring from
this position where he had given the best of satisfaction, Mr.
Hess took the position of cashier in the Patterson Bros. Bank.
He remained with them for about three years and then in company
when Nockels and Arts Bought out his employer.
Mr. Hess has displayed rare judgment and financial ability in
all his career and is recognized as one of the ablest in the
county. He married Miss Elizabeth Hillman of Passaic, New
Jersey. In politics he is a democrat. |
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