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Loyal State Bank
The Loyal State Bank was organized in 1903. It opened May 3, with a capital of $25,000 in the building that is now the Carousel Beauty Shop. The prime movers in establish the bank were H. S. Mulvey and A. A. Graves. Graves was its first president, B. W. Colby, vice president, H. S. Mulvey, cashier, and C. E. Tucker, assistant cashier.
In 1917 the Loyal State Bank built the new building, "one of the finest and best in the county," with a front of Lake Superior brown stone and fireproof side walls. There were two vaults on the main floor and one in the basement. Finished in oak, with marble wainscot and floors, it was electrically lighted and heated with a hot water system. At this time A. A. Graves was president and R. M. Jenks cashier.
When the bank failed in the early thirties, its assets were disposed of and the building became the post office. |
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Personal Letters and Documents of Johann Kulzer
*Please contact us if you can translate this collection for us.
Additional Letters [1, 1927] [2, 1927] [3 , 1923] [4. 1917] [5, 1918] [6, 1925] Additional Documents [1] [2, 1906]
