The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1875-01-28

BANKs.-The following particulars in rela-
ton to the consolidation of the National Valley
and First National Banks { + this city, were fur
nishcd us by Il gentleman prominently con-
nected with the new arrangement
At an adjourned meeting OF the Stockholders
of the two Banks held Oh the 23d inst, it was
determined to consolidate the two talKs On
the terms as stated below:
The National Valley Bank remains and will
continue its business as heretofore-taking all
assets of the First National Bank, and paying
all claims and demands on that bank. All
checks therefore, hereafter, either on it Or the
First National Bank will be paid at the counter
OF the National Valley Bank, as the business OF
both banks will be done under one name. and
at the old banking house OF the National
Valley Bank. All the details will be arranged
and perfected within very few days, and no
inconvenience will be experienced by any OF
the customers of either bank, but everything
will doubtless work smoothly and pleasantly in
a short time, and business will move On in the
new channel. Stockholders of both banks By
an almost unanimous vote, determined to con
solidatc ON the following conditions:
LIST. First National Bank to go into liquida-
ton and transfer assets, &C., to National Val
ley Bank.
End. Before actual consolidation, dividend
of ten per cent. to be paid to the stockholders
of the National Valley Bank
3rd. The real property with the furniture of
the National Valley Bank, to be valued at sl1,
500, and the real property with furniture of the
First National Bank, to be valued at 1880.
Stockholders of the consolidated bank then
elected the following Directors, viz: John
Echols, R. G.. Bicklc, j. Fred. Effinger, r. W.
Burke, C. R. Mason, Edward Echols, P. II.
Trout, Isaac Witt, N. E. Miller, VIM. Frazier,
Fl. NJ. Bell, J. W. Abby and II. j. Lushbaugh.
At meeting of Directors held Immediately
after adjournment of meeting of stockholders,
Gen. John Echols was unanimously elected
President, and N. H. Eflinger, Esq, was unan-
mously elected Cashier, and committee o
three was appointed to report to a meeting of
the Directory on the 25th inst, the number of
the business Of the bank, their salaries, and the
penalties of their official bonds, &c.
At the adjourned meeting of the Directors
held OH Monday, the 25th, the other officers Of
the bank were elected, making the complete
list of officers as follows:
John Echos. President; NJ. Harvey Effinger,
Cashier; VIM. c. Eskridge, Teller; Thos. A.
Bedsoe ard A. F. Kinney, Individual Book
Keepers; Joseph e. Rollins, Discount and CASH
.ier's Clerk; Robert NJ. Guy, Runner and Nota-
ry.
The officers left out by the above. arrange
ment are D. C. NcGuff1n, of the National Val
ley Bank, and A. J. Deakins, of the First Ma
tional Bank.
The capital stock of the bank, as organized,
is 100000. The business will be transacted in
the building now occupied by the Nationa. Val
ley Bank.
On Friday last a bill was introduced in the
House of Delegates to authorize D. A. Picker
to construct Tram, Or narrow guage railroad
from the Valley railroad, at or near Mt. Craw-
ford depot to Bridgewater.
| Mr. James B. Pace. of Richmond, has
made donation of 100000 to Randolph Macon
lege, with premium of 81, 600 more on certain
conditions.
The residence of Mrs. Martha E. Hopkins,
near Abingdon, Va, with all OF its contents,
was destroyed by fire on sunday morning the
oath. Loss between 10000 and $4,000, and
no insurance.
| Mathew Harrison, Esq, member of the Leg
stature from Lol,doun county, died on the 18th.