The Southwestern Historical Quarterly, Volume 48, July 1944 - April, 1945 Page: 159
617 p. : ill., maps, ports. ; 24 cm.View a full description of this periodical.
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Captain Charles Schreiner
a great boost to the mohair business, and the fleece jumped in
a very short time from twenty-five cents to one dollar a
pound. The Kerrville concern was the first one in the United
States to value mohair, and the town soon became known as
the "Mohair Center of the World." The wool and mohair busi-
ness is still an integral part of the enterprise, but the situation
has changed considerably in recent years. Whereas the Charles
Schreiner Wool and Mohair Company used to handle more
raw wool and mohair directly from the ranch than any similar
concern in America, it handles today only a small fraction of
the total Texas production. At one time sheep and goat ranchers
from all over Southwest Texas brought their wool and mohair
to Kerrville to be sold. Now, however, every little cross-road
and general store in West Texas buys and sells the raw fleece;
consequently, the Schreiner business has been rather localized
in recent years.
It is almost unbelievable that Captain Schreiner would have
much time for anything outside his many enterprises, as he
kept a very close eye on every phase of the business and other
activities. But somehow he found time to take an active interest
in public affairs and was generally out in front in any civic
movement. One year before the opening of the mercantile
business in 1869, he was elected to the office of county treasurer
and did not resign the office until after thirty years of con-
secutive service. Business interests compelled him to resign in
1898, when he partly retired from the management of some
of his many enterprises. His business interests had grown to
such gigantic proportions that it was then necessary to re-
organize and modernize.
Since 1869 the bank had been operated in connection with
the mercantile business. At first the handling of the cattle-
men's money had merely been an accommodating service on
the merchant's part. Afterwards it became necessary to operate
a private bank as a separate department of the store. In 1898
it became an entirely separate institution, and Charles Schrei-
ner's son, L. A., became cashier of the Charles Schreiner Bank.
Incidentally, he has remained with the bank since that time and
is acting president today. The Charles Schreiner Bank is still
an unincorporated institution, one of the few remaining banks
of its kind in Texas, and as such has no capital stock. At one
time it conducted banking business for ranchers and settlers159
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 48, July 1944 - April, 1945, periodical, 1945; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth146055/m1/177/: accessed April 27, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.