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LOCAL BANK HISTORY RECORD OF PROGRESS Pioneer Institutions Founded by Men Active in City's Early Affairs. (An interesting history of Chatta- has nooga's financial by Dawson Harris the prepared National and printed booklet form Hamilton attractive banks reprinting history data, due length the The traces from through 1887. second part printed next Saturday note). The history of banking in Chattanooga record achievement that in of There have large banks and ated in is interesting these banks, for the most were founded and managed by men occupied prominent place in history of We may add that the Chat first bank there is no record defalcation by bank official and there has been no robbery of large pro portions in our history. Among the earlier banking institutions, before the was branch of the Union Bank of Tennes see, organized by the authority of general assembly in 1832, thorized capital of The amount subscribed $2,273,000 were operated in various this state. large proportion was held by eastern capitalists, Philadelphi interests holding the majority. It was liquidated in 1865. In January, 1838, the legislature the state bank under the title of the Bank of Tennessee. This bank operated branch in for some time. Capital of was thorized. The Bank of Chattanooga opened for president and The was on near and, like most all of the banks in this section at the time, liqui- dated during the Civl war and was never reopened. The Lookout Savings institute was opened at the same time. Joseph Ruohs, citizen that period. was president; and Jonathan cashier. Upon the approach of the federal army during the the assets of the bank were by McMillin Alabama. When the he returned Chat for every of the assets. Mr. was the of Mrs. Jarnagin and Miss Nannie First National Formed. The located Sixth streets, Rathburn and G. The same, Stewart John the death Montague the social the had the growth of success of may large extent to officers of First Na. and Minor and W. This enjoyed steady since and fund the banking quarters its 1866 Discount and an authorized was 143 Market John and cashier Burns was the Burns, this and of the Hamilton National This suspended operat paying all depositors for The National bank was ganized W. Harris operated very 1870 National bank moutheast corner Seventh and offiThe M. Craigmiles, These, together with kins, composed the It $200,000 pended M. Hooke was an uncle Robert present city was father of Chester M. and Arthur Watkins, citiour city In 1871 branch Trust the This Savings and national the When the into ship in the local branch suspended The and Traders' bank was being and Market until the bank. This bank was on the site the owned the Hamilton National Joe Vance, John father of Harris K. Vance, was presi- and The Third National bank continued in years. was Mr. was the father Warner was the father Warner, one was grandfat Mrs. George Rees. 1887 Hart to the prestwhose family served this In the Third National bank. absorbed by the Chattanooga bank National City Savings Bank. The City organized in 1885, capital located and where Liggett's was H. and was the Jarnagin city the Mr. Merriam of and company. He was also father Garnett owner proprietor Merriam comLike many other banks the great real estate boom period bank. depositors were paid in thought that paid for the full their National bank Lyerly was for several In 1905 was tween and the and National First National bank People's capial $200 was and the of Morgan Noa D. has the here the same L. J. Strang Nick Nicklin was made absorbed by the National bank.