Promotional Advertising Steel Bank"Bank Of Watertown, Wisconsin",Circa 1895

Good Evening CW Members--- 5:30 PM)2016-7-20
Here is another Promotional advertising bank from my collection, this time typical shape from W.F.Burns, we see this one quite often, promoted by the "Bank Of Watertown" that one we don't see often, Wisconsin as many little town in that stated, Watertown town is a nice one to visit.

This Advertising bank is 3.25 inch tall, 4.50 inch wide, 3.25 inch deep.

Thanks for Viewing.
Alan

----------------------Picture 4, Bank of Watertown, Building---------------------

This is the second building on this site. The Bank of Watertown was founded in 1854 by A.L. Pritchard, who was a New York financier. The Bank of Watertown built a three-story building at this location in the 1850s. Not only was this an important bank, but the original building housed the offices of prominent pioneer attorney Theodore Prentiss, and its upstairs was the early home of Watertown's most significant fraternal group, the Masons. On January 29, 1916, the above building was formally opened to the public.

------------------------1893"NOTICE TO DEPOSITORS"-------------------------

One episode in the bank's history in which it takes particular pride, and one that is characteristic of the high sense of responsibility that has always been a feature of the bank's management, took place in 1893. That was a year of financial panic in the United States, and banks in many parts of the country were in acute distress. The Bank of Watertown remained perfectly sound, as it had through previous panics, but gossips aroused by the general lack of public confidence in banks spread rumors that frightened some of the depositors. To quiet depositors and restore confidence, on July 26th, the bank posted in its window and published in the newspapers the following "Notice to Depositors":

Owing to the present unsettled condition throughout the business world, we, the undersigned directors of the Bank of Watertown, hereby guarantee with our private fortunes all the deposits now in the bank and all deposits made during the year 1893.

There is due depositors in this bank, $220,000. The assets of this bank are $300,000. Added to this ample amount of assets we pledge our private fortunes.

We take this occasion to thank the business community, farmers, and other customers for their liberal patronage and desire to show our appreciation of the same with this absolute guarantee.

Dated, Watertown, Wis. July 26, 1893.
Wm. Buchheit,
Jesse Stone,
M J Woodard,
Theodore Prentiss,
C Wiggenhorn,
E J Brandt

This confidence-inspiring document accomplished its purpose.

Want to read MORE go to :
Courtesy of : http://www.watertownhistory.org/articles/bankofwatertown.htm