BANKING INSTITUTIONS OF LINTON.

The financial institutions of a city are the fortress of its commercial life. The banking interests of Linton vie with any other city of similar importance in Indiana in point of strength and stability of their resources and the personnel of their officers.

The oldest of these institutions is the:

Linton Bank
which was organized in 1895 and chartered as a state bank, January 1, 1906. The capital stock is fifty thousand dollars. The officers of this bank are: Joe Moss, president; D. J. Terhune, vice president ; James H. Humphreys, cashier. The directors are: W. A. Craig, Peter Schloot, J. L. Cravens, Webster V. Moffett, Joe Moss, D. J. Terhune and James H. Humphreys, The following is a condensed statement of condition of the Linton Bank at the close of business May 4, 1908.

Resources.

Loans and discounts.	$187,236.78
Overdrafts	960.14
Furniture and fixtures.	2,000.00
Cash on hand and due from banks.	136,994.69
Current expenses and taxes paid.	2,276.36
Interest paid	923.65
Cash items	110.90
Profit and loss	52.43
Total	330,554.95

Liabilites

Capital stock paid in.	$ 50,000.00
Surplus and undivided profits	8,327.82
Deposits, time and demand.	267,817.99
Due to banks	3.89
Interest and exchange	4,405.25
Total	330,554.95

THE LINTON TRUST COMPANY.
The Linton Trust Company is the youngest of Linton’s financial institutions, being organized in January, 1906. It has a capital stock of twenty-five thousand dollars, and in addition to doing a general banking business it acts as administrator, receiver, guardian, or under appointment of court in any trust capacity. They also loan funds on either real estate or collateral. Another feature of their business is their savings clepartment, where accounts from one dollar up are received. The officers of the Linton Trust Company are: W. A. Craig, president ; D. J. Terhune, vice president; David D. Terhune, secretary and treasurer; J. J. Mitchell, assistant secretary and treasurer; directors, Joe Moss, D. J. Terhune, W. V. Moffett, David D. Terhune, E. L. Wolford, Levi M. Price, W. A. Craig. A condensed statement of its condition shows:

Deposits	$1OO,OOO.OO
Surplus	5.000.00
Loans	70,OOO.OO

The trust company has occupied its presknt magnificent building since January 1, 1908. The building is one of the finest in southern Indiana. The exterior is of a rough concrete, with the first story front of red Syenite granite and Verde des Alps marble. The interior is I-FOGern renaissance adapted from the old renaissance style. The interior finish and decorations will compare favorably with any bank in the state. The fixtures and woodwork are solid mahogany. The wall decorations are by Albert Gall, of Indianapolis. A massive concrete vault encases a Mosley safe, of late design, equipped with a triple time lock. The equipment in this respect is second to none. The safety deposit boxes are contained in this vault, and these are equipped with a double key locking arrangement.

FIRST NATIONAL BANK OF LINTON.
This institution was organized as a state bank in 1908 and chartered as a national bank in 1904. The officers of this institution are: W. J. Hamilton, president ; B. A. Rose, vice president; William Bolten, cashier; directors, W. J. Hamilton, William Bolten, B. A. Rose, N. G. Dixon, David R. Scott, J. W. Newsom, J. L. Morgan.

Report of the condition of the First National Bank at Linton, in th state of Indiana, at the close of business on February 14, 1908:
Resources

Loans and discounts			$103,541.56
Overdrafts secured and unsecured			5641.81
United States bonds to secure circulation			12,500.00
Premiums on United States bonds			250.00
Bonds, securities, etc			12,238.21
Banking house, furniture and fixtures.			24,690.00
Other real estate owned old banking house			4,500.00
Due from national banks (not reserve agents)			31,019.10
Due from approved reserve agents			19,039.58
Notes of other national banks.			5,590.00
Fractional paper currency, nickels and cents			225.08
Lawful money reserve in bank, viz :
	Specie	$12.000
	Legal tender notes	5,000	17.000.00
Redemption fund with United States Treasurer(5 per cent. of circulation)			623.00
Total			$236,860.34

Liabilities.

Capital stock paid in	5O,OOO.OO
Surplus fund	1O,OOO.OO
Undivided profits, less expenses and taxes paid	838.13
National bank notes outstanding	11,900.00
Dividends unpaid	72.00
Deposits	163,905.21
Certified checks	145.00
Total	236,860.34

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"Biographical Memoirs of Greene County, Ind. with Reminiscences of Pioneer Days", B.F. Bowen & Co., Indianapolis, IN, 1908, Vol. 1 pg. 273-7

Last updated 6.11.2009