Hamilton, later advancing to more important positions, and for many years now has been the guiding spirit. The capital of the First National Bank is $25,000, with a surplus of $45.- 000. Its officers are: J. R. Wertz, president, T. M. Johnson, vice-president; H. I. Babcock, cashier ; H. D. Betts and F. A. Burling, assistant cashiers. Frozen loans and low prices for wheat, together with the policy of the Federal Reserve Banks at this time, January, 1921, have caused this institution to temporarily suspend.

Until 1912 this bank was able to care for the financial needs of Chapped and the surrounding farming territory then the Chapped State Bank came into existence. The men most influential in the establishment and organization of the new bank were H. C. and E. C. Peterson and M. P. Jensen; they took an active part in the activities of the bank and do so to

the present time. Formerly they were assisted by C. E. Groves and B. B. Abels, who were the vice-presidents. On January 10, 1921, the institution showed over $77,000 capital, surplus and profits. When it was organized the capital was $25,000, which shows the great development of the bank and the sound policy upon which it is conducted, as well as the confidence it has gained in the minds of the people. The present officials of the State Bank are : H. C. Peterson, president; M. P. Jensen, and C. M. Empson, vice-presidents ; and E. C. Peterson, cashier.

The Peoples Bank, with a capital of $15,000, was organized in 1917, with L. P. Sorenson, president, and J. W. Knox, cashier. In 1919, the Deuel County Bank was also established, with E. C. Wolf as president ; H. R. Isenberger, vice president; G. S. LaSelle, cashier; and J. O. Rusho, assistant cashier.