BANKING
ENTERPRISES
In 1860, P. M. Parks & Co.
founded a private bank at Martinsville, under the old State banking
law, with a capital of $50,000. Milton Hite was one of the company, and
J. J. Deakins was Cashier. The bank was in the Parks & Hite
building on the east side. In 1865, so prosperous had been the bank
during the feverish times of the war, the capital had a little more
than doubled itself. At the latter date a National Bank was organized
under Congressional enactment, the following persons being
stockholders: P. M. Parks, Milton Hite, N. T. Cunningham, 0. R.
Daugherty, Henry Sims, J. J. Johnson, Clement Nutter, Jackson Record,
Cyrus Whetzel, W. R. Harrison, T. H. Parks, Jacob Adams, H.
Satterwhite, Robert Smith, Mrs. Julia Egbert, O. J. Glessner, Eb
Henderson and Franklin Landers. The capital was $100,000. P. M. Parks
was President; Milton Hite, Vice President, and H.. Satterwhite,
Cashier. P. M. Parks died in 1867, and Milton Hite became President; A.
E. Graham, became Assistant Cashier. Mr. Hite died in September, 1877,
and T. H. Parks became President. The bank charter will expire in 1885.
The following was the statement of the bank on the 22d of June, 1883:
RESOURCES
Loans
and discounts.......................................$147,747.22
Overdrafts...............................................................2,474.43
U. S. bonds to secure
circulation.......................50,000.00
Due from approved reserve
agents.....................8,589.37
Due from other National
Banks ......................24,648.47
Real estate, furniture and
fixtures.....................27,300.O0
Current expenses and taxes
paid.......................1,701.78
Bills of other
banks...............................................5,110.00
Fractional paper currency, nickles
and pennies.....56.36
Specie.................................................................20,638.00
Legal tender
notes...............................................3,200.00
Redemption fund with United States
Treasurer
(5 per cent of circulation)....................................2,250.00
Total...............................................................$293,715.63
LIABILITIES
Capital
stock paid in..................................$100,000.00
Surplus
fund.....................................................25,000 00
Undivided
profits.............................................21,138.53
National Bank notes
outstanding..................45,000.00
Individual deposits subject to
check..............51,985.40
Demand certificates of
deposit .................50,591.70
Total..............................................................$293,715.63
The Mitchells are
doing a limited banking business in the town.
EDUCATION
AT THE COUNTY SEAT
But little can be learned of the early schools of
Martinsville. No school was probably taught until 1823, and might have
been as late as 1824, but at that date there was certainly a school
taught during the warm months on the porch of an old Louse on the west
side of the square, by Dr. John Morrison. The names of all the early
teachers cannot be stated. After that date, school was held more or
less every year, in private dwellings, in houses that had been vacated
by the owner, and in the old log court house on the southwest corner of
the square. Some have said that the first school at Martinsville was
taught by James Cunning, in a barn northeast of town, said to have been
the property of Samuel Scott. Amy Magee was an early teacher also. In
1827. an old vacated log building on the square was used for school
purposes. All these schools were supported by subscription, the parents
paying from $1 to $2 for each of their children for the term usually of
three months. About the year 1833, a small frame schoolhouse was
erected near the present residence of Mr. Branch, which was used
continuously until 1839. Two of the teachers in this house were William
Lee and a Mr. Welch. It is stated that a man named Hiram Lamb taught in
the town as early as 1828 or 1829. His name is one of the earliest that
can be mentioned. He taught reading in the testament, writing on rude
pamper with a quill pen, and "ciphering" from Pike's arithmetic. Welch
-taught several terms, and was a man of considerable learning. He was
.a strict disciplinarian, and flogged his pupils on the least
provocation with a long hickory gad well seasoned in the hot embers of
the fire. Mr. Lee was club-footed, and also had some peculiar deformity
of his hands or arms. He knew how to whip. The old "dunce cap " was a
favorite institution of his, and many a time and oft did it grace the
heads of offending pupils.
In about 1839, the first school was taught in the
county seminary by an eccentric Irishman named David Anderson. He was
well educated for that day, and was an accomplished instructor and
disciplinarian. As the seminary was an institution of the county, it
was well attended from the start, not only by the young men and women
of the county seat, but by others from distant portions of the county,
the latter boarding in town during each session of school. The smaller
children of the town were largely excluded, and were provided for in
the old frame schoolhouse and elsewhere. The educational center,
however, was the seminary. Excellent schools were held, many of the
higher branches being taught there from the first, and a thorough
preparation for college being furnished a few years later. The present
common school system of to-day was unknown then. All the ordinary
schools were sustained by private means, and by the proceeds from the
sale of the sixteenth section in Congressional townships. The advocates
of popular taxation for the support of public schools were regarded as
fanatical and wholly unjust in their views. Then the burden fell upon
the parents of large families, who, owing to their poverty, were the
least able to educate their children. Citizens in good circumstances,
but without children, escaped the burden. The county seminary scheme
was quite popular, as it furnished an education higher than could be
secured at the subscription, schools. But as time passed public
sentiment was molded in favor of making property the basis of taxation
for the support of public schools and not the number of children. This
led eventually to the adoption of the foundation of the present free
public school system, first in 1843 and later in 1852. During the
forties, the steady decadence of the seminary system transpired. That
institution in Morgan County lost favor, and gradually became a school
for the county seat and vicinity, and not for the whole county.
The attendance from abroad steadily decreased until in 1846 the
institution was no longer one for the whole county. After 1853,
school-houses, built and supported by taxation upon property, sprang up
in all portions of the county, and the seminary was ordered sold, and
the proceeds became part and parcel of the common school fund. The old
seminary did good service in its day.
About the time the seminary was sold, two or three
small frame school houses were erected in Martinsville, one in the
southern part, one in the northeastern, and one in the northwestern.
They were not built, however, at the same time, but at intervals during
the fifties. Why one large building with two or three rooms was not
built is not clear. But the novelty of the common school system, and
the prevailing ignorance of its practical working, prevented it for a
period of years from excluding the old private or subscription schools,
which had formerly been the universal source of education of the masses
from the town, and accordingly during the fifties numerous private
schools were taught, a strong demand existing for the higher branches.
In 1855, M. L. Johnson opened the " Martinsville Female Academy," in
the rooms over Mr. Crary's store. Several terms were taught, and
considerable energy was manifested, but the institution did not sustain
the hopes of its founder. Various other schools of a similar character
were conducted for short periods about the same time. In about 1860,
the old Baptist Church, which had stood unused for some time, was
transformed into a high school building under the private control of
Dr; Snoddy, who, if reports are correct, conducted a select school of
great excellence for about two years. He was succeeded in 1862 by Miss
M. F. Jones (now Mrs. Wigginton), who taught with universal favor for
three consecutive years. In 1865, R. V. Marshall succeeded Miss Jones,
and had as assistants A. M. Cunning and Miss Comer. Marshall was a
capable man, having been educated at the State University at
Bloomington. In 1867, the front part of the present high school
building was constructed at a cost of about $13,500, William Orner
being the contractor. About one third of the cost was paid by
Washington Township. As yet, the town, though incorporated, was one of
the common school districts of the township. Mr. Marshall, with two
assistants and with a salary of $1,000, was employed to commence the
school in the new building, which he did, continuing for about two
years. His successor was Prof. Webster, who remained but a short time.
In 1870, the town became an independent school district, and
immediately purchased for $4,000 the interest which Washington Township
owned in the high school building. In 1877, a fine addition to the
building was erected for $6,000. Mrs. Stanford succeeded Prof. Webster,
and was in turn succeeded by Prof. French. The present Principal, Prof.
Starkey, took charge of the school about six years ago. Under his
management the usefulness of the school has been doubled. He is a man
of fine talent and culture. The school is one of the best of the kind
in the State. In July, 1883, the town Trustees purchased an entire
block in the southeastern part of town for $2,000, upon which a
temporary frame school-house is to be erected. This was rendered
necessary by the inefficacy of the present house to meet the wants of
the town. After a few years, the frame building to be erected will be
converted into a janitor's residence, and a fine brick school building
will take its place. This is glancing ahead, however.
RELIGION AT THE COUNTY
SEAT
Circuit riders of various religious denominations
came to Martinsville early in the twenties, but if any attempt was made
to found a class it resulted in nothing but failure. Late in the
twenties, however, a small class of Methodists was partially organized,
the greater number of the few members living outside of the town. This
small class of Methodists was organized at the old log court house in
1827, among the earliest members being G. A. Phelps. James Epperson,
John Craig, Edward Talbot, Noah Allison, Benjamin Bull, Dr. Francis A.
Matheny, Jacob Harryman, Archibald
Cramer. Ered Gardner; and their families and others. Late in the
thirties and early in the forties, the class met at the house of Mr.
Gardner for worship. Ministers of the Presbyterian, Christian, Baptist
and other denominations appeared and preached to motley assemblages of
citizens in the court house and the schoolhouse. The second permanent
class organized in the town was that of the Cumberland Presbyterian. It
was fully organized in 1841, by Rev. Elam Me Cord, with the following
membership : Isaac D. and Thurzea Sheppard, John Taggart and wife,
William Morgan and wife, James Maxwell and wife, Robert Hamilton,
Grandmother Bothwell, Polly Ray, Mrs. John Cox, Mrs. Anna Williams,
Mrs. Franky Wilson. It was organized in the court house. Soon after
this, Mr. Sheppard circulated a subscription list to raise means to
build a church. He soon had about $600 subscribed. The few Methodists
and Christians in the town about this time discovered what Mr. Sheppard
had accomplished, whereupon members of those denominations, not to be
outdone, also circulated subscription lists, but were met with the
objection that it was out of the question to try to build three
churches in the town at that time, and the attempts by these
denominations were abandoned for the time. The Presbyterians were so
active that their church, a small brick structure yet standing in the
town, was constructed by James Crawford the following year, 1842. The
total cost was about $1,500. Additions later cost $500. Rev. McCord
served the class for seven consecutive years from 1840, when he first
visited the town, to 1848. James Ray, William Orner, Samuel Downing,
Benjamin Sweet, carpenters, worked out their subscriptions on the
building. This old church was used until two years ago, when the
present fine brick structure was erected by the same class at a cost of
over $6,000. The class has been prosperous since the start, and has had
a Sunday school the greater portion of the time. W. H. Miller, a most
excellent man for the place, and a leader of the church, is the present
Superintendent. The missionary work done by this class is said to be
the largest in the conference. This is largely due to Mr. Miller's
efforts and management.
The Methodists, as has been stated, had an
organization at the county seat as early as 1827. The Grays, Crawfords
and Warrens belonged later. The church was not built until about
1848-49. It cost about $1,000. Among the members at this time were
Jacob and Catharine Harryman, Charity Gardner, Mr. McCormack's family,
A. D. Rose, Susan Rose, Thomas Downing, Nancy Downing, William Downing,
E. T. Harryman, John Edwards, Elizabeth Barrickman, Hester Barrick-man,
Mathew Whetstine and wife, Mr. Elliott, Martha Orner, W. W Wilson, and
those mentioned above, and others to the number of about forty. The
frame church was used until 1873, when the new brick structure was
built at a cost of nearly $17,000. Among the ministers have been
Tinsley, Williams, Dorsey, Clifford, Powell, Dane, Wharton, Lathrop,
Smith, Sutton, McCan, Culmer, Grim, Asbury, Thompson, Chapman, Hayes,
Binkley, Talbot, Brant, McGinnis, and the present minister,. J. H.
Ketcham. The church has a membership of about 300, and has had a
prosperous Sunday school for many years.
The Christian class was organized early in the
forties, and a church was built about 1846. Among the members were P.
M. Parks, Perry Blankenship, Benjamin Sweet, James Jackson, John Sims,
William Major, John Hastings, Joel Wilson, W. H. Craig, Samuel Tucker,
Thomas Hess, Allen Hess, Jackson Warner, W. J. Sparks and others,
including the families of the above. The class has been one of the most
prosperous at the county seat. The same building, to which many
improvements have been added, is yet in use. A Sunday school was
organized at an early day, and has endured until the present with a
large increase in the membership. The Tuckers have been prominent in
the church since the first.
The Baptists organized at Martinsville as early as 1850. A. B. Alsip,
the Frinks, and others were members. The brick church was built about
1857, but for some reason was not finished. The leading Baptists
removed from the town, and the building was transformed into a
school-house, being thus used until after the last war, when it was
purchased by the Catholics for $700, and has since been used by them.
Father Gillig was the first priest. Among the members who have belonged
are B. Gillig, George Frisz, Mrs. Magee, Mrs. Singleton, Mrs. Woods,
Pat King and family, Peter Miller and family, Mrs. Lockhart, Mrs.
Maxville, Peter Rooney, Mrs. Gillig, George Estling, Charles Schrader.
The priests since Father Gillig have been Father Snell, Father
Erceneus, Father Victor and Father Stanislaus, the present priest, who
visits the class once a month.
POPULATION
In
1823, there were about ten families at Martinsville.
In 1830, the population was about 175
;
in 1840, about 400; in 1850, about
525;
in 1860, about 700 ; in 1870, about
1,350 ;
in 1880, about 1,943; and in 1883,
about 2,300.