R. N. Armstrong
is a sterling representative of all that
is praiseworthy in financial and industrial circles in Coal County
and since 1911 he has been president of the Farmers National Bank at
Tupelo. The spirit that manifests itself in many bankers in the rural
districts of Oklahoma–the spirit that organizes commercial clubs,
good roads clubs, that endorses better methods of agriculture, that
conserves resources and contributes to commercial prosperity–is
found in a marked degree in the subject of this sketch. Living in a
practically undeveloped country, he has an abundance of raw material
on which to work and the varied resources that are still in their
infancy in his home community receive much of his attention and
financial support. The Town of Tupelo, which is the junction of three
railroads and is located in one of the best agricultural regions of
Oklahoma, is developing rapidly under the leadership of such men as
Mr. Armstrong. This town is but nine years old yet it has a modern
brick school building, two banks, two cotton gins and several
up-to-date general stores. Surrounding it is a fertile soil that
produces an abundance of wheat, oats, corn, cotton, alfalfa, kafir
corn and other products. As Mr. Armstrong was reared on a farm in
Missouri he has a splendid appreciation
of the value of agricultural education and much of his time is
devoted to the improving of agricultural conditions.
A native of the
great State of Illinois, R. N. Armstrong was born in the year 1879
and he is a son of James T. and Ethel (Rollins) Armstrong, who
removed to Missouri in 1883. Six sons were born to Mr. and Mrs.
Armstrong and concerning them the following brief data are here
incorporated: J. C. is assistant secretary of the Kansas City Title &
Trust Company, of Kansas City, Missouri; W. P. is manager of the
coffee department of the Interstate Wholesale Grocery Company, of
Joplin, Missouri; A. R. is connected with the police department of
Pittsburg, Kansas; W. B. and W. T. are prosperous ranchers in the
vicinity of Arthur, Missouri; and R. N. is he to whom this sketch is
dedicated.
Mr. Armstrong was
reared to the sturdy discipline of the parental farm in Missouri and
after a public-school education he attended college at Rich Hill,
Missouri. Subsequently he was a student for two years in the
Warrensburg Normal School and for two years thereafter he was a
popular and successful teacher in the public schools of Missouri. In
the year 1901 he entered the National Bank of Commerce in Kansas City
as bookkeeper. Five years later we find him launched in the grocery
business in Kansas City but one year in that line of enterprise
sufficed and he then again turned his attention to banking. In
the fall of 1907 he located in Guthrie, Oklahoma, and there became
assistant cashier of the National Bank of Commerce. Three years later
he settled in Stonewall, Oklahoma, and assumed the responsibilities
of the position of cashier of the First National Bank. The year 1911
marks his advent in Tupelo and here he and his associates purchased
the Farmers & Merchants State Bank, which was shortly afterward
incorporated as the Farmers National Bank, with a capital stock of
$25,000; this institution now has deposits amounting to about
$75,000. The other officials of this reliable institution are: W. C.
Duncan, vice president; and J. M. Wilson, cashier. Among the
stockholders are P. A. Norris, of Ada; A. G. Adams, president of the
First National Bank of Ada; H. T. Douglas, president of the Shawnee
National Bank; F. J. Phillips, president of the Greenville National
Exchange Bank of Greenville, Texas; B. F. Edwards, president of the
Central National Bank of St. Louis; Tom Randolph, president of the
National Bank of Commerce of St. Louis; F. C. Dillard, a lawyer of
Sherman, Texas; Mike Mayer, president of the First National Bank of
Coalgate; E. J. McKinney, of Ada; and R. E. Fowler and Price Statler,
of Tupelo.
In fraternal circles
Mr. Armstrong is a member of the Independent Order of Odd Fellows, in
which he is noble grand of the local organization; and in connection
with his business he is a valued member of the Coal County and the
Oklahoma State Bankers associations. Mr. Armstrong is well known as a
very expert and judicious banker–one who is always looking for the
welfare of his bank and of his customers. In all his dealings he is
the soul of honor and his word is as good as his bond. He is
considered one of the strong men on finance in this section and his
success in his chosen line shows that he has special talents for
banking. He manifests a deep and sincere interest in all that affects
the welfare of his municipality and he commands the loyal respect of
his fellow citizens.