Homestead to Wall Street tells the story of four generations
who, in their own way and without any great fanfare, lived the American
Dream. Hard work, determination, and faith led the Jones family
to establish the Metropolitan Building and Loan Association, which
became a multibillion-dollar firm and the first North Dakota company
to be traded on Wall Street.
first generation of this industrious family was Henry Jones, who
immigrated to America from Norway. After enlisting in the military
and serving in the Civil War, Henry settled in Minnesota and became
a successful homesteader.
son Martin, after several business ventures and missteps, learned
from his experiences and at the age of 50, he founded the Metropolitan
Building and Loan Association. Martin and his son Maurice nurtured
Metropolitan from 1926 through the 1930s and into the post-World
War II years.
sound conservative, ethical principles and a “customer first” philosophy,
Maurice grew Metropolitan into a multimillion-dollar firm while
earning respect and leadership in regional circles.
1967, his unassuming son Norman took over and successfully weathered
the savings and loan crisis. In the process, Norman became a nationally
recognized leader in the industry. Metropolitan became the first
North Dakota company to be listed on Wall Street and became a multibillion-dollar
firm, rewarding those who had faith in the firm his grandfather
After serving in the Air Force in World War II, Hiram Drache earned
degrees at Gustavus Adolphus College, the University of Minnesota,
and the University of North Dakota. At the same time he worked in
several businesses and taught high school between his college years.
He purchased his first farm in 1950 and was involved in farming
until 1981, when he sold the family farm and began to lease out
the others. He has taught at Concordia College since 1952, and after
publishing his doctoral dissertation, he has continued to write.
This is his twelfth book. In addition, he has contributed to seven
others and has written more than fifty articles chiefly on contemporary
agriculture and/or agricultural history.
pages, 6" x 9", 2009, hardcover