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image In the current organization the capital remains the identical, the directors are J. Frank Watson, R. L, Durham, R. W. Hoyt, W. H. Fear, Geo. Its officers then had been J. Frank Wat- son, president; R. L. Durham, vice-president; George W. Hoyt, secretary, and S. C. Catching, assistant secretary. The financial institution continued under practically the same administration, Tyler Woodward serving as president for a time period, until October 31, 1902, when it was amalgamated with the Ainsworth National Bank, the controlling interest therein being at that date bought by Mr. J. C. Ainsworth and his associates; and on the same date Mr. Ainsworth was elected president; W, B. Ayer, vice-president; F. C. Miller, cashier. January 9, 1883 - Henry Failing, president ; H. W. Corbett, vice- president; G. E. Withington, cashier. H. Fear, secretary; S. C. Catching, assistant secretary; O. W. T. Muellhaupt, cashier. The current officers are: Henry L. Pittock, president; N. U. Carpenter, vice-president; A. S. Nichols, vice-presi- dent; B. Lee Paget, secretary; C. W. DeGraff, assistant secretary; G. W. Up- shaw, assistant secretary; Harriet E. Moorehouse, superintendent girl's de- partment.


The primary officers had been: S. B. Willey, president; H. R. Lewis, vice-president; F. McKercher, secretary and C. B. Wadleigh, manager; and F. McKercher is the real founder of the association. The Scandinavian-American Bank was opened for business in Portland Jan- uary II, 1908, with the following ofliicers: C. F. Hendricksen, president; Sylvester Petersen, vice-president; Anthon Eckern, cashier. The financial institution based by W. S. Ladd and C. E, Tilton continued as a partnership till 1908, when it was reorganized as a private corporation beneath the old identify, and as such is now operated by the stockholders. THE LADD & TILTON Bank. On May 24, 1907, a branch of the original financial institution of Geo. On January 24, 1910, an office was opened on the west side within the Henry building at Fourth and Oak streets, which was and is right now the primary office of Geo. It was organ- ized on July 4, 1865, and commenced business in a bit of room in the second story of the brick house on the west side of Front street three doors south of Stark avenue. W. Bates & Co., Bankers, was opened at Williams avenue and Knott street.


The places of work at Williams avenue and Knott street and at Russell and Borthwick streets, are recognized as the Williams Avenue branch and as the Russell Street branch, re- spectively, of Geo. They are constructed to withstand harsh environments, making them a wonderful alternative for rock concert events the place the vitality is excessive and the movements are quick-paced. In 1864, and the years immediately following, the Bank of British Co- lumbia rendered very helpful service to the community of Portland by making loans of considerable amounts to the varsity district pending the gathering of taxes ; and as quickly as wool elevating grew to become an vital trade in the state, adopted by salmon packing, and in 1870 by wheat raising, the branch took its share in financing the requirements of the exporters. The 12 months 1889 dropped at Portland two men from Minneapolis, Minnesota, C. B. Wadleigh and F. McKercher, the former representing a farm implement concern, the latter secretary of the Pacific Coast Elevator Company.


The Portland branch of the Bank of CaHfornia is the successor of the Port- land branch of the London and San Francisco Bank. The primary National of Portland, the oldest nationwide bank on the Pacific coast, having now the most important capital and business, and having had an open history from its original group, naturally stands first in level of interest. On February, 1905, the California Bank bought the enterprise on the Pacific coast of the London and San Francisco, in the cities of Portland, Seattle, Tacoma and San Francisco. Bankers' and Lumbermen's Bank, by articles of affiliation, jexecuted by D. C. Pelton, Robert T. Piatt and John A. Keating, as incorporators, which articles were filed within the workplace of the secretary of state of the state of Oregon, on the 6th day of April, 1906. The members of the first board of directors had been: D. C. Pelton, gold F. H. Rothchild, Dr. K. A. J. Mackenzie, John A. Keating, Robert T. Piatt, Portland, Oregon ; Edward C. Mears, H. D. Story, Portland, Oregon ; and George C. Bingham, Salem, Oregon. The security Savings and Trust Company of Portland, was included in 1890. The primary board of directors was composed of Henry Failing, C. H. Lewis, C. A. Dolph, Joseph Simon, A. L. Mills and C. F. Adams.



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