CLAY COUNTY ILLUSTRATED 



13 



Rye Field Two Miles West of Ulen — L. Lofgren in Center 



townships voted to consolidate. 



Consolidation of the school at Hit- 

 terdal and four of the rural schools of 

 the neighborhood has recently been de- 

 cided upon, and the new school house 

 will be built next year. 



Growth of Clay County Banks 

 Twenty years ago there were four 

 banks in Clay County, and their com- 

 bined capital and surplus was $218,- 

 103.01, and the aggregate deposits 

 were $414,032.84. The number of 

 banks has increased until there are 

 now 17, and the capital is $740,443.46. 

 On the same date, January 1st of the 

 present year, the total amount on de- 



posit in the banks of the county had 

 grown to $2,966,120.89— more than a 

 seven-fold increase. 



During the twenty years that have 

 elapsed the banks have paid dividends 

 that amount to more than the banking 

 capital of all of the banks of the coun- 

 ty today. This tells the story of de- 

 velopment and prosperity. 



Over sixty of the farmers of the 

 county are stockholders of one or more 

 of the banks. Here again is a change 

 from twenty years ago. 



The oldest bank in the county is the 

 First National of Moorhead, organized 

 in August, 1881, with $50,000 capital 

 stock. On January 1, 1896, the cap- 



Filling One of the Twin Silos on the E. C. Schroeder Farm 



