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Biography of
Paul W. Abt
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p. 1362
In 1873 Mr. Abt identified himself with the wholesale liquor
business in East St. Louis, Illinois, where he has maintained his home
during the long intervening years and where he has risen to secure place as
one of the representative citizens of this thriving community. He continued
in the business mentioned for fourteen years, with ever increasing success,
and then withdrew from the same to assume, in 1887, the position of cashier
in the East St. Louis Bank, in which he became a stockholder. In 1890 he
effected the organization of the First National Bank of East St. Louis, of
which he became the first president. Under his careful and conservative
administration as chief executive this institution forged rapidly to the
front and became one of the solid and representative banking houses of this
part of the state.
In 1902 Mr. Abt became one of the organizers of the
Illinois State Trust Company, and in January, 1907, was effected the
consolidation of the same with the First National Bank, under the original
title of the former, the City National Bank having been merged with the
other two in the same year. Mr. Abt thus continued president of the First
National Bank for fourteen consecutive years, at the expiration of which he
assumed his present dual office of vice-president and cashier of the
Illinois State Trust Company, which has profited largely through his able
services as an executive. He was also one of the organizers of the Provident
Association, of which he served as president for six years.
As a progressive and
public-spirited citizen Mr. Abt has shown a vital interest in local affairs
and has given his support to those measures and enterprises which have
fostered the general good of the community. He served ten years as a valued
member of the board of education, in which he was chairman of the finance
committee, and in 1910 there was given emphatic evidence of his strong hold
upon the confidence and esteem of the people of the county in his election
to the office of county treasurer, for a term of four years. It is
unnecessary to state that in the supervision of the fiscal affairs of the
county he is showing the same careful and honorable methods that have
conserved his personal success in business.
In politics he accords a
staunch allegiance to the Republican party and is well fortified in his
opinions. Both he and his wife are zealous members of the German Evangelical
Association, to the support of which religious denomination they contribute
With consistent liberality. Mr. Abt is a popular factor in the business and
social activities of his home city, where he is affiliated with the Masonic
fraternity, the Knights of Pythias, the Independent Order of Odd Fellows and
the Benevolent and Protective Order of Elks.
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