172 AUTHENTIC HISTORY OF LANCASTER COUNTY. 



the Deposits nearly four millions, loans four and a half millions. The 

 National Banks hold over two and a half millions of Government secu- 

 rities; but these are only a small part of the amount owned in the 

 county, many of which are lodged in the vaults of the Banks for safe 

 keeping. 



Annexed is an account of all the National Banks in the county, with 

 a brief history of some of them. 



The Farmers Bank of Lancaster, was chartered in January 17th, 1810, 

 with a capital of $800,000. The following persons were named Direc- 

 tors in articles of association, published in the early history of the Bank, 

 viz: John F. Steinman, Benjamin Schaum, Conrad Schwartz, Albert 

 Dufresne, Samuel White, Christian Hoover, Kobert Patten, John Bren- 

 neman, Jacob Charles, Charles Montilius, John Neff", Peter Diller. In 

 1814 the capital authorized was increased to $600,000, which was sub- 

 sequently again reduced. It was organized under the National Currency 

 Act, in December, 186-1, under the name of the Farmers' National Bank, 

 with a capital paid in of $450,000. It is a government depository. The 

 first President of the Farmers' Bank in 1810 was Conrad Schwartz, who 

 was followed by George Greeff, William Jenkins, F.jA. Muhlenberg, George 

 Louis Mayer, George H. Krug, C. Hager, and Jacob Bausman. The 

 Cashiers were, successively, Samuel Clendenin, John Eberman, Girardus 

 Clarkson, Henry E. Eeed, and Ed. H. Brown. 



The present Board of Directors are Jacob Bausman, President; Thos. 

 E. Franklin, John Beck, Daniel Heitshu, Henry Musselman, Geo. M. 

 Kline, Lewis Haines, Chas. A. Heinitsh, Jacob S. Shirk, N. Ellmaker, 

 A. K. Witmer, C. E. Baer and Chas. F. Hager. 



The Lancaster Courdy Bank, previous to 1811, was in operation under 

 the name of Lancaster County Loan Company, with Henry Bushong, 

 President, and Eobert D. Carson, Cashier. 



On August llrth, 1841, it was chartered by the State with the follow- 

 ing incoporators: Henry Bushong, Dr. John Witmer, Philip Eeitzel, 

 John Landis, (farmer,) Jacob Kreider, Francis Kendig, Jr., Geo. Withers, 

 Jacob Shenk, Benjamin B. Herr, Isaac Bressler, J. Landis, J. Witmer, 

 George Blattenberger, James Smith. 



Under this charter each stockholder had to give a first mortgage on 

 ample real estate in this county, to the amount of his stock, as security 

 for the liabilities of the Bank. It only required four years experience 

 to show that this plan was not satisfactory. It was found inconvenient 

 when stockholders sold their real estate, and almost impracticable in case 

 of decedents' estates. ' So also it embarrassed the sale of stock, which 

 could only be made to parties who could give first mortgages approved 

 by the Bank. The stock was only partly paid in, and subject to calling 

 instalments ; and for the reasons indicated it largely depreciated in the 



