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Newspaper
Covington Republican
Location
Covington, Indiana, United States of America
Date
Aug 04, 1905
Page
4
The article notes deposits earn 3 percent semi annually and lauds the Fountain Trust Company as a safe, reliable, flourishing institution deserving mention in this edition.
The record lists a banking institution established in 1894 with a capital of 250000 and deposits of 150000. It shows personal loans 124000 real estate 10000 and undivided profits 5800, indicating a financial status snapshot.
The sketch extols A. L. Schwienberg and William Hunt as prominent local businessmen. Schwienberg’s bank offers deposits, exchange, loans, and collections from diverse clients in a well arranged 1,180 foot building while Hunt runs a 30 year old blacksmith shop offering machinery repair, horseshoeing and wood work. His elevator holds 25,000 bushels and he is credited with helping make Covington a leading grain shipping point.
Covington Bank underscores a record of usefulness, conservative growth, and prosperity. Officers listed include M. Mayer Sr. as President, I. H. Dicken as Vice President, W. W. Layton as cashier, and H. E Mayer as Assistant Cashier, with claims of reliable governance and strong safeguards for funds.
Herman Lemp, jeweler watchmaker and optician, offers a fine stock of jewelry novelties and plateware. With 15 years of local presence, his prices and quality are said to be unmatched in the county. Located here in this community.
The Republican notes his capability in all details of his business and congratulates him on deserved success with praise from the party.
The Republican lauds Geo D Cook Drugs and the City Livery owned by Jacob Yerkes for 12 years and four years respectively. It highlights a full stock of drugs and sundries, late night prescriptions, comfortable livery stables, reliable travel services, and steady trade. Continued on Fifth Page.
Illinois congressman and Union Army lieutenant Thos J Henderson writes from Washington endorsing Peruna as a tonic and cure for catarrh. He claims strong family use and cites a $10,000 bank guarantee for testimonial authenticity from Columbus Ohio. He urges accepting no substitutes and notes confidential correspondence with Dr Hartman in Columbus Ohio.
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