Heart O' Texas News
30 April 1931
In the year 1903,. Mr. O. E. Rice, a young school teacher from San Saba,
realizing the possibilities of a growing and thrifty little town in McCulloch
County, crossed the boundary line and cast his lot with the citizenship
of McCulloch County.
For two years following Mr. Rice's entry into McCulloch, he was principal of the Rochelle schools, at that time there wee only two teachers and school was held in a little one-room wooden building. The children were really taught in both the right ethics of right living and the fundamentals of mathematics, history, English and science.
At the conclusion of two very successful years as principal of the Rochelle school, Mr. Rice engaged in the lumber business and though good business management he made a success of his new venture, handling the yard of Carey Lumber Co.
After having had general management of the lumber yard for five years, Mr. Rice with another associate, in 1910, organized the Rochelle State Bank. Mr. Rice was made cashier of the new bank, a position which he has held continuously from its organization.
In 1925 the bank was changed from a state bank to a national bank, with Mr. Rice continuing as cashier. Mr. Rice believes in his county, his community, his town and his people and is always found leading the way in all good and worthy enterprises. He is a useful citizen in his county.