Re: History: Thorp, WI Beginnings (1871 - 1993)

Contact:  Leon G, Konieczny
Email: leon@leonkonieczny.com
 

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Mike,

It appears that your grandfather was not one of the original investors, at least according to the article that I found.

It says "Mr. Conway, who later became the president of the Farmer's Exchange Bank, saw the need for a finance organization in this community and interest a number of his friends with the idea. In the fall of 1924, six people attended a meeting at the John Verkuilen farm home to look into the creation of what would become the Thorp Finance Co. The attendants were Francis Conway, Ed Verritt, Charles Wolf, John Verkuilen, Dr. F. D. Jackey and Clara Gruszyinski. They decided to organize a corporation with a capital stock of $20,000, of which $10,000 was to be subscribed for and $5,000 to be paid in cash within 10 days. So the new corporation started out with $5,000 cash on hand and quickly grew to nearly $21 million with 41 branches and 250 employees."

Hope this helps!

 

 


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