EDWIN PAYNE, who died at his home in Rushville in the spring of 1907, was for many years recognized as one of
the foremost figures in commercial circles in this part of Indiana. Entering upon his career as a banker in 1870,
Mr. Payne became identified with the banking business of the county just at the period which began to mark the
general commercial expansion of the state and so continued for many years an influential factor in that development.
As the founder of the Peoples National Bank of Rushville he left an enduring memorial in the community in which
he had resided since the days of his young manhood and his will long be a continuing influence in the commercial
life of the city in which he elected to make his home. Born on November 1, 1840, in New Trenton, Franklin county,
Indiana, the son of William J. and Louisa (Sloan) Payne, Edwin Payne located at Rushville when he was twenty six
years of age, and immediately began to make his presence felt in his new home. He was appointed a deputy under
E. H. M. Berry, county treasurer, not long after taking up his residence in Rushville and later served in the same
capacity under Ben.jamiu F. Johnson, the county auditor. He then for a short time was connected with the A. G.
Mauzy department store, and in 1870 entered upon the banking career in which he eventually attained such prominence.
In that year (1870) Mr. Payne was elected cashier of the Rushville National Bank. For twenty seven years thereafter
he fulfilled his duties with that institution with accuracy and ability. In 1897 he retired, but a life of inactivity
was not to his liking, and on October 10, 1900, he opened the doors of the Peoples Bank, which he founded as a
private bank. Almost from the first day his bank prospered under his watchful eye, operating under its original
charter imtil September 1, 1904, when it was natioualized under the name of the Peoples National Bank. However,
long years of unremitting application to the arduous duties entailed in his chosen field of endeavor caused Mr.
Payne's health to fail, and he presently retired from active participation in the affairs of the institution, leaving
his two sons to control the destiny of the bank. On March 29, 1907, he bowed his head to the inevitable and died
mourned by all who knew him. On May 12, 1870, Edwin Payne was united in marriage to Mary Frances Mauzy, daughter
of Abram G. and Emily (Jameson) Mauzy, and to that union were born two sons, Earl H. and Ralph, the former of whom
is president of the Peoples National Bank and the latter, president of the Peoples Loan and Trust Company. These
two institutions have been enlarged in the scope of their activities by the efforts of the sons of the founder,
and in memory of their father they have erected a modern and well arranged building on the northwest corner of
Main and Second streets at Rushville. Ralph Payne was married on June 13, 1898, to Jennie Wallace, and they have
four children: Wiffiam Wallace, Lawrence Wesley, Frances Evelyn and Virginia. Fraternally, he is a member of all
Masonic bodies save the Thirty third degree, and in polities holds to the prineiples of the Republican party.
Centennian History of Rush County, Indiana
Edited by: A. L. Gary and E. B. Thomas
Historical Publishing Company
Rush County, IN
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