Biography of Martin W. Eaton
Carroll County, IN Biographies





MARTIN W. EATON.

Perhaps no man now active in business in Flora, Carroll county, Indiana, has enjoyed a more comprehensive experience in business than Martin W. Eaton, secretary and treasurer of the Carroll County Loan, Trust and Savings Company of Flora, Indiana, which Mr. Eaton helped to organize in 1910. The son of a patriotic father who gave four years of his life to the service of his country, Martin W. Eaton has successfully been engaged n farming, in teaching, in the mercantile business and in banking. The fact that stands out conspicuously in all of his commercial ventures is that he has !eperienced a uniform success in everything to which he has turned his hand. Mr. Eaton is a native of Monroe township, this county, born east of Bringhurst on March 22, 1866. He is the son of Henry and Elizabeth (Witter) Eaton. The father was born in Union county, Indiana, on July 7, 1840, and there grew to manhood. His wife was a native of the same county. They were married in April, 1865, and came to Carroll county the next year. They located on the farm where they lived until the father's death in 1912. When he came to Carroll county, Indiana, he had no property and for several years was a renter. At the time of his death, however, he owned two hundred and twenty acres of land, practically all of which he had made from the toil of his own hands.

In September, 1861, Henry H. Eaton enlisted in Company G, Thirty sixth Regiment, Indiana Volunteer Infantry, and served until September, 1864, when he was honorably discharged. He was wounded at the battle of Rocky Faced Ridge, May 10, 1864. Henry H. and Elizabeth (Witter) Eaton had six children, of whom Martin W., was the eldest; Emma R. is the wife of James McCarty, of Carroll county; Samuel G. is a resident of Fort Collins, Colorado; George E. is a fanner in Carroll county; Anna A. is the wife of J. M. Earley, of Nappannee, Indiana; Roxie B. is the wife of Earl Cleaver, of Isabelle, South Dakota.

Reared on the farm and educated in the district schools of Carroll county, Indiana, especially of Bringhurst, at Franklin College and the Indianapolis Business College, of Indianapolis, Indiana, Martin W. Eaton taught for some time in the Business College at Crawfordsville, Indiana, after finishing his education for business. Afterwards he went West and for five years was assistant cashier of the Citizen's Bank at McCook, Nebraska. Upon his return to Flora, Indiana, he engaged in the clothing business for twelve years, but sold out. For the next two years he was assistant cashier of the bank at Rossville, Indiana. On June 1, 1910, Mr. Eaton assisted in the incorporation of the Carroll County Loan, Trust and Savings Company, and for the first six months served as president of the institution. He was then elected as secretary and treasurer, which position he now holds.

The second annual report of the Carroll County Loan, Trust and Savings Company, issued on March 30, 1912, shows that the deposits had increased from June 1, 1910, the opening day, when they were $38,841.59, to March 30, 1912. to $103,558.56. The total resources of the trust company on March 30, 1912, were $130,547.61, and the total liabilities a like amount. The resources were itemized as follow: Loans and discounts, $86,940.43; overdrafts, $26.34; bonds and stocks, $228.67; company's building, $2,500.00; furniture and fixtures, $2,500.00; due from banks and trust companies, $23,329.12; cash on hand, $5,866.53; cash items, $156.52. The liabilities are itemized as follow . Capital stock, $25,000.00; undivided profits, $736.56; interest, discount and, other earnings, $759.24; deposits, $103.558.59; reserved for street improvement, $493.25. At that time the officers were as follow. Charles E. Smith, president; Charles R. Reist, vice president; U. D. Guth, vice president; M. W. Eaton, secretary and treasurer; E. C. Metzger, assistant secretary and treasurer. The directors included, besides the first four officers named, Henry Rinehart, J. L. Ackerman and N. E. Knettle. Mr. Eaton's wife before her marriage was Inez Smith, a native of Lafayette, Indiana„ who was graduated from the Rossville public schools. Mr. and Mrs. Eaton have had two children. Lois M., born on August 4, 1898, is a student in the high school; Henry S., born on November 4, 1899; is also a student in the high school.

Mr. Eaton, besides his interest in the Carroll County Loan, Trust and Savings Company, owns eighty acres of land in Monroe township. Mr. and Mrs. Eaton are members of the Christian church and Mr. Eaton As treasurer of the congregation and takes an active interest in church work.

Fraternally; he is a member of Flora Lodge No. 605, Free and Accepted Masons, and is the present master. He is also a member of Clinton Chapter, Royal. Arch Masons. and of Frankfort Council, Royal. and Select Masters. He belongs to the Indiana Consistory, Ancient Accepted Scottish Rite Masons. at Indianapolis, and to Murat Temple, Nobles of the Mystic. Shrine. He is .a member of Fountain City Lodge No. 280, Knights of Pythias, in which he is a past chancellor and a member of the grand lodge. Elected as a Republican, he served a term as treasurer of the corporation of Flora. Mr. Eaton is an honorable citizen, a man with generous impulses, conservative in business but nevertheless aggressive where this quality is needed. He not only possesses the confidence of the officers and of the directors of the institution of which he is the executive.head, but likewise the confidence of the public generally.

From:
History of Carroll County, Indiana
Its People, Industries and Institutions
By: John C. Odell
B. F. Bowen & Company
Indianapolis 1916


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