1921 Duluth & St Louis County MN, Van Brunt.pdf - Garon.us

526 DULUTH AND ST. LOUIS COUNTY
of that order in this magnificent center, was J. C. Poole, chairman
of the building- committee. Others associated closely with him in
that work were W. R. Van Slyke and A. E. Bawden.
Transportation.—The city is served by two steam railways, the
Duluth and Iron Range, and the D. M. and N. In early days, the
D. and I. R. station was "on top of the hill, about three-quarters of a
mile from the village, the D. M. and N. station being nearer the village."
By the way, Mike Maxwell operated the first dray line in
the village, and it was well patronized.
On January 4, 1910, the city passed an ordinance granting to
W. H. and E. M. Prindle, "the right to maintain and operate motor
railway lines * * * in and over streets and avenues of the City
of Eveleth" for a period of twenty-five years. In due course thereafter,
the street railway that connects Eveleth with Gilbert, on the
east, and Hibbing, on the west, came into operation.
GRANT AVENUE, EVELETH. (BUSINESS LOTS ON THIS AVENUE
WERE ORIGINALLY GIVEN AWAY, AS BONUSES, LATER TO BE
WORTH FROM $12,000 TO $15,000 A LOt)
Banking.—Eveleth has three banks, the First National, the Miners
National, and the Peoples State. The combined deposits, more'
than two and a half millions, indicates the wealth of the city.
The First National Bank of Eveleth was organized in 1900, with
D. H. Bacon, G. W. Wallace,
the following named board of directors :
W. J. Smith, W. E. Harwood, and G. A. AVhitman. The original
capital was $25,000, and the first ofificers were :
George
A. Whitman,
president; and Walter J. Smith, cashier. In 1901, the private banking
firm of O. D. Kinney and Company was absorbed, E. B. Hawkins
joining the directorate of the First National. A cash dividend of
100 per cent was declared in 1910, and. by unanimous consent of the
stockholders, was used to increase the capital to $50,000. In 1920,
the bank had a surplus of $25,000, undivided profits of $15,000, and
deposits of about $1,000,000. Present directors are: Geo. A. Whitman,
R. J. Mitchell, Peter Peterson. Thomas H. Davev, R. N. Cornwall,
W. P. Chinn, and Dr. C. W. More.
The Miners National Bank of Eveleth was incorporated in 1903.
Its original capital was $25,000, and the following-named people of
Eveleth and vicinity were its principal organizers and first officers
Walter
Pearce,
j. Smith, president; las. A. Robb,
cashier; C. W. More, 'F. \\\ Bullen,
vice-president; R.
N. B. Maxwell, R.
H.
R.
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