Historical Marker

Site of the Guarantee State Bank

Ore City, Upshur County · Texas
Erected 1976

Ore City's iron plans rode on a railroad. The Handbook of Texas says L. P. Featherstone persuaded the Santa Fe line to finance a rail link to Port Bolivar. By 1914 the Port Bolivar Iron Ore Railway connected Ore City with Longview, about 30 miles. The plan was for ore to reach the Gulf and go on by ship. World War I halted construction before the line could reach Hughes Springs, and the railway was abandoned in 1927.

What the plaque says

Site of the Guarantee State Bank Ore City was founded about 1910 as an iron mining center. On Dec. 16, 1911, its citizens organized the Guarantee State Bank, and after operating temporarily in the local schoolhouse, they built a brick structure on this site in 1912. State Representative W. O. Stamps, the first president, set up farsighted policies during the hard times when the iron mill failed to materialize. Cattle, hogs, mules, and crops figured as loan collateral here as in other Texas farm centers. Renamed the Security State Bank in 1927, the firm erected and moved into a new building nearby in 1968. (1976)

Where it stands

32.79888, -94.71785 · Directions

Worth the stop nearby

More markers nearby

← All historical markers