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The Tootle-Lemon Bank – How One Man, John S. Lemon, Built a Nearly $25 Million Fortune from the American Heartland

According to Volume LXIV January to June 1902 of The Bankers’ Magazine, on June 2nd of that year, the Tootle-Lemon National Bank was formed, becoming the successor of the well-known private banking firm of Tootle, Lemon & Co.  According to the source, “A considerable amount of the stock was taken by E.H. Harriman, of New York, Chairman of the Union Pacific and Southern Pacific Railways.”  The bank had capital of $200,000 at the formation, representing just shy of $5,000,000 today.  The bank President was John S. Lemon, and the Vice Presidents were Milton Tootle, Jr. and Graham G. Lacy.  The cashier was E.H. Zimmerman and the assistant cashier was W.A. Evans.
John S. Lemon, President of Tootle-Lemon National Bank in St. Joseph, Missouri (the city near the farm town where I grew up before moving to the East Coast at the end of my teenage years), died on March 17th, 1905.  According to Volume LXX January to June 1905 of The Bankers’ Magazine:

“He was born at Shepherdsville, Ky., in Au…

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