Bancroft News

Banking back in the day

Posted

We have been having some spectacular sunrises and sunsets along with some beautiful days, which really makes the winter shorter. The trees were so beautiful in their coating of frost yesterday as well.

Billie Sargant of Huron was the speaker at the church on Dec. 13.

Update on Larry Martens — he had a tracheotomy, ventilator removed, and a vent put into the trach, a feeding tube, and screws put into the broken leg to hold it together. They are looking for a place for him to stay so he can get out of the hospital and start therapy. We still covet your prayers for him.

The project of the siding of the Orthodox Presbyterian Church was abruptly brought to a halt last Wednesday when a member of the working crew lost his life in an accident at the site. We ask that you keep his family in your prayers.

BANCROFT HISTORY

(Continued from last week)

It was due to this that the bank went broke in late 1914 or early 1915. W. J. Agnew, who time and again would put the town back on its feet, took over as director in 1916 for a short time and worked the assets back up to $10,000.00.

H. M. Best became the next director in 1917 until 1929 when the capital stood at $30,000. It was at this time the market crash hit and W. H. Boorman, who was the final director for only a short time, lost his life. With his life the life of the bank also went.

The building stood vacant until Ruth and Bill Austin made it into a restaurant in 1935-36. On September 26, 1937 Mr. and Mrs. Fred Hageman purchased the building and used it for a home and restaurant until 1969.

South of the bank was a building that certainly saw a multitude of uses. It was at different times a pool hall, hotel, restaurant and dormitory for the men during the 1930's. There were also families that called it home and it was a factory for processing wheat into Puffed Wheat—a breakfast cereal.

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