What Stocktonites Were Doing 94 Years Ago
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The Stockton National Bank has purchased the building formerly occupied by the National State Bank of Stockton the past week and will move to the new location within the next few days. It expects to open for business in the new quarters on Monday. Remodeling work is progressing satisfactorily in the new location, and the gold letters of “The Stockton National Bank” have already replaced those in the window of the failed institution. The Stockton National has sold its present building to Butler & Vallette, who rented it to the Carpenter Quality Store. Mr. Carpenter will move from the Oscar Gibbs building as soon as the bank building can be remodeled into a store, which will be about June 1st. While the financial part of the transaction has not been made public, it is understood the Stockton National Bank didn’t need to expend more than a few thousand dollars to make the transfer. The National State building was modernized with new vaults and built-in equipment only a few years ago, and the board of directors of the Stockton National felt that they could better afford the new location than spend thousands of dollars and a lot of time in modernizing their building. As part of the same transaction, the Farmers Union Mercantile and Shipping Associations purchased their present store location, which they have rented for several years, from the National State Bank. The Farmers Store will now be in its own building. The purchase was made from Harald Nomland, the receiver of the National State, and includes only the first floor and basement of the bank building, as the Masonic Fraternity owns the second floor of the entire building.