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m m* pmre or business. au*l Mr. Sanborn was the «'»Kent for the company until lx._»8. in in CO he established private banking house. He purchased a large safe and placed it in his building. and was thus cnnabled to anoni-modate a large numlM'r of people. At the time there was no regular hank in Sterling, and Mr. Sanborn therefore did a large Imtiness. At one time hi: safe was broken open l»y burglar;; and robbed of over forty thou:;and dollars, murb of which was the money of depositors. The blow was a heavy one to Mr. Sanborn, but hi* rallteil from it ami paiii bark every cent that bad ln*eu taken.This private bank was combined until 1X70. when Mr. Sanborn, with John S. MUhr. the father of the present president of the First National bank. William Spencer. James M. Wallace. David McCarty and others, established the hank which was named the First National bank of Sterling and is now doing a wonderfully prosperous business here under that name. Joint S. Miller was »be hank's flr.Mf tiw-sdrfsr,» leijie-imy consulted regarding business matters as was he.When Mr. Sanborn became the cashier of the First National bank the institution built tin* building it now occupies. It was at lirst but a small om-story building, hut the business increased constantly until another story bad ty lie added, and it was but .1 short time ago that the bank found j* necessary to occupy both of the store rooms of the building.Mr. Sanborn was mayor of Sterling in 1X83 and 1XX4. succeeding Henry firrcn. His most famous colt was Williams. Among his other famous horses were Su|»erior. Brown and lk*uc-faclor.TWO BAD ACCIDENTS TUESDAYWwrrvs RmUi tad Ctttrla Ktrlj ItnitAla n*4 toj«ri«»ToMd»r Atwntooa.Warron It oath was the victim uf a bad accident Tuesday evening while a* work in the nlnn»!»«»»«*
Newspaper Details
Sterling Standard
Sterling, Illinois, US
Fri, Oct 25, 1901
Page 1
Full Page
Clipped by
Kathy L.
02 Nov 2017
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