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