|
|
Family tree▼ Facts and Events
Children
| | Birth | Death |
|---|
| 1. |
|
|
|
| 2. |
|
|
|
| 3. |
|
|
|
| 4. |
|
|
|
| 5. |
|
|
|
| 6. |
|
|
|
| 7. |
|
|
|
| 8. |
|
|
|
| 9. |
|
|
|
Image Gallery
 1903 Peples Bank of Berne Indiana a Schug Interprise  Dunbar Furnature Berne a Schug Interprise  1936 Berne Manufacuting: Work Clothing a Schug Interprise References
- The People's State Bank.
During the period of great prosperity throughout the coun¬try the past eight or ten years Berne also enjoyed an unprece¬dented growth in all its interests. Properties rose in value at enormous strides, in many cases more than doubling, and men formerly of quite ordinary means became capitalists on a small scale. And so it was but natural that the banking business in Berne should increase in propor¬tion. And so it did. Thus in such an era of prosperity the old bank would not be left to win all its fruits. So other men of means united to found the second financial institution in Berne. It was in February 1903 when a number of men thus met and organized the People's State Bank, with a capital stock of $40,000. The following were its first directors: Ed Engeler, Julius Schug and Nelson Kerr, of Berne; Joseph Rich and Rudolph Schug, of French Tp.; Samuel Egly, of Geneva, and Charles E. Dugan, of Decatur. These elected as officers: Joseph Rich, president: Rudolph Schug, cashier.
On April 2, 1903, business was begun in their present banking rooms on the corner of Main and Fulton streets. In the way of location, theirs is certainly a con¬venient one. Their safes, vaults and fixtures are in keeping with its general character, and far excelled those of the old bank before the latter moved into its new building.
The bank has had a good growth generally and although only three and one-half years old it is classed with the strong and influential business institutions of our little city. The bank has
now a capital stock of about $50,¬000. Its present officers are: J. C. Schug, president;J. P. Habeg¬ger, vice-president; R. R. Schug, cashier; E. D. Engeler, assistant cashier; Edwin Heller, teller. Its directors are: P. W. Smith, A. Sprunger and Fred Neaderhouser, besides the officers mentioned above.
|
|
