Eye on the Past: State Bank of Vesper 1912

This photograph from my Grandmother Ruby V. Hanneman shows the interior of the State Bank of Vesper in the village of Vesper, Wisconsin, circa 1912. Scrawled on the back of the photo in pencil is the following notation: “First Vesper Bank. Jones Cashier, Martin President, Oliver V-P.”

George E. Martin was president of the State Bank of Vesper, chartered in December 1911 with capitalization of $10,000. Owen Oliver was vice president and Burton Jones was cashier. It is not clear if these are the three gentlemen shown in the photo. The bank made slow progress at first. A new management team was put in place in 1913, with Vesper hardware merchant George H. Horn serving as president, farmer Arthur P. Bean vice president and Fred Ellsworth cashier. According to the 1923 History of Wood County, Ellsworth sold his share in 1919 to three investors from Wisconsin Rapids. The bank subsequently grew from $55,000 in deposits to $140,000 and was considered one of the strongest country banks in the area.

Grandma Ruby (maiden name Treutel) grew up in Vesper. Her father Walter Treutel was a longtime postal carrier. Several uncles operated a butcher shop, general store and blacksmith/carpentry shop in the village. Her aunt Emma was postmistress for nearly a decade.

©2015 The Hanneman Archive

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