Letter from Pierce H. McDowell to Sam Speier, July 17, 1936

Date
July 17, 1936
Format
Category
Sender(s)
McDowell, Pierce H.
Sent from
Sioux Falls, South Dakota
Recipient(s)
Speier, Sam
Received at
Sioux Falls, South Dakota
  Northwest Security National Bank of Sioux Falls AFFILIATED WITH NORTHWEST BANCORPORATION Sioux Falls . South Dakota Mr. Sam Speier Care of Shipley’s Laundry Sioux Falls, South Dakota Dear Mr. Speier:

You have asked us to supply you with certain information relative to your bank accounts with us. We are pleased to advise you that the average daily balances of your personal checking account have been approximately $3,500. The average daily balances of your Shipley Laundry account have been $4,500.

You have asked us further toadvise you the approximate line of credit we would be willing to grant you on an unsecured basis. We have discussed this matter with our Discount Committee and are pleased to advise you that we would be happy to extend you a line of §50,000 at any time you so desire.

We trust this information will be of some benefit to you. Should you require more, kindly advise and we will supply it to you.

Yours very truly, R H McDowell
Vice-President
phmcd r
STATE OF SOUTH DAKOTA)
) SS
COUNTY OF MINNEHAHA )
On this 23rd day of July, 1936, before me, John Barton a Notary Public in and for said County and State, personally appeared P. H. McDowell known to me to be the person who is described in and who executed the within and foregoing instrument and acknowledged to me that he executed the same.
John Barton
NOTARY PUBLIC, Minnehaha County South Dakota
My Commission Expires March 11, 1838