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8567-95 Establishig Historic Landmark Building 1601 Kemble Ave
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8567-95 Establishig Historic Landmark Building 1601 Kemble Ave
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Last modified
9/24/2012 1:37:38 PM
Creation date
9/24/2012 1:37:36 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
1/9/1995
Ord-Res Number
8567-95
Bill Number
116-94
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No historic structures remain in this district of the city which lay between <br /> the Studebaker and Oliver industrial complexes. The building under present <br /> consideration was constructed in 1924.[10] It was designed by W. W. Schneider, <br /> a prolific architect who practiced in South Bend between 1896 and 1957.[11] <br /> Nearly 80 extant structures in South Bend are credited to Schneider either <br /> individually or in partnership including; the Natatorium, River Park Theater, <br /> Knights of Pythias Building, and residences for many noteworthy South Bend <br /> citizens including the Studebaker, Birdsell, and Cutter families. Works by <br /> Schneider are also known in Mishawaka and Paw Paw Michigan.[12][13] <br /> In addition to the Toth Bank on Kemble Avenue, this building also had space <br /> for commercial tenants with the address 1006 Indiana Avenue. This space was <br /> occupied by the South Side Electric Company from 1926 until 1928 when it was <br /> occupied by Joseph Kohajda, a barber and John Schamski of unidentified <br /> occupation. In 1929 this address is vacant, however six various occupants are <br /> listed at 1006 1/2 Indiana including a dentist and beauty shop.[14] <br /> The bank apparently did well as by 1929, George Toth is found residing at 1130 <br /> West Washington, a prestigious address at the time. Gergacz had also improved <br /> his circumstances considerably having moved from his previous address in his <br /> Prairie Avenue Gergacz Hotel to a very stately home at 739 West Washington. <br /> [15] The New York Stock Market crash and ensuing bank panic in October of this <br /> year, spelled disaster for the Toth State Bank and its depositors if not for <br /> the officers personally. In March of 1930 the bank was declared insolvent and <br /> closed with the management of liquidation being placed in the hands of the <br /> Citizens Trust and Savings Bank.[16] During the next ten years, the Toth State <br /> depositors would receive six dividend payments on their deposits amounting to <br /> 41% of their original deposits.[17] In December of 1936, a stockholders <br /> protective committee was formed with Joseph Vaghy, chairman; Walter Eckler, <br /> assistant chairman; Sam Berman, secretary; and Peter Nemeth, treasurer.[18] <br /> George Toth seems to have weathered the crash of '29 without the total <br /> destruction of his personal resources as in 1930 he and his wife purchased a <br /> new home designed by H.R. Stapp at 1322 East Wayne Street North in the <br /> fashionable new Sunnymede subdivision developed by Whitcomb & Keller.[19] In <br /> 1931 he was operating a real estate business out of the 1006 Indiana Avenue <br /> address. By 1935, Toth had relocated his residence to a more modest home in <br /> the Sunnymede subdivision at 1436 Sunnymede. By that time his business was as <br /> an agent for the William Penn Insurance Association operating out of his home. <br /> [20] This name may be related to the William Penn Club which was located on <br /> Indiana Avenue in the same block as the Toth State Bank and counted several <br /> Toth State Bank associates among its membership.[21] By this year, only three <br /> banks and two loan companies survived in the city of South Bend.[22] <br /> At the time of his death in 1967 at the age of 84 George Toth was the district <br /> manager for the William Penn Insurance Association and had moved to 60140 <br /> South St. Joseph Street at the south edge of South Bend. Most of the other <br /> officers and directors of the Toth State Bank survived into the 50's and 60's <br /> as well.[23] <br /> After the failure of the bank, its portion of the building remained vacant <br /> until 1947 when the F&S Transit Company was listed at this address. This <br /> occupancy was followed in 1949 by the South Bend Tool & Die Co. Inc. <br /> Engineering Department which appears to have shared the building in some way <br /> with Stream-Eze Inc. , a manufacturer of fishing tackle from 1950 through <br /> 1952.[24] <br /> David B. Duvall <br /> November, 1994 <br />
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