14 



CLAY COUNTY ILLUSTRATED 



Marquis Wheat and Potatoes — J. T. Johnson Farm Near Ulen 



ital, surplus and undivided profits ag- 

 gregated $60,757.81 and the amount 

 on deposit was $121,299.25. Twenty 

 years later, on January 1, 1916, the 

 combined capital, surplus and undi- 

 vided profits had increased to $120,- 

 616.51. On the same date the amount 

 on deposit was $482,414.50. 



Henry Schroeder, of Sabin, is presi- 

 dent and A. H. Costain is cashier. Mr. 

 Costain began work in the bank in 

 1895, while still a student in the Moor- 

 head high school. He has been asso- 

 ciated with the First National contin- 

 uously and became cashier in 1908. 



Mr. Costain is also president of the 

 Baker State Bank, and one of the di- 

 rectors of the Sabin State Bank. 



The Moorhead National is the sec- 

 ond oldest bank in the county and 

 was organized on March 5th, 1892, 

 with $60,000.00 capital stock. The 

 banking capital, including surplus and 

 undivided profits, had increased to 

 $64,450 on January 1, 1896, and the 

 deposits were $143,254.36. On the 

 first of the present year the banking 

 capital had increased to $132,058.72 

 and the deposits to $550,510.54. 



Front View of Corn Husker at Work on M. O. Valan Farm 



