Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1882-02-06
THE FULTON BANK.
ORGANIZATION OF A NEW NATIONAL.

the meeting and read letters from the con
troller Of currency, instructing his CORE
spOndents how to proceed. In view of
what he had directed, a messenger had
been dispatched to Washington who had
secured the recommendation of Hon. A.
Herr Smith, NJ. c.. and the necessary au-
thority of the controller to proceed with
the organization. These documents were
read aud in pursuance Of their require
merits Jac. NJ. Frantz offered a series of
resolutions that the bank be called "Tho
Fulton National Bank of Lancaster" :"
doing business in Lancaster, with $500, 900
capital shares of 800 each ; that the
number of directors be 13 =; and that the
meeting proceed to nominate and elect di-
rectOrs, the chair to appoint tellers !; 8: re-
cess of half hour to be taken to let the
officers have tickets printed.
On motion of John NJ. Stehman, the
names of the stockholders were read-a
lengthy list, no person having over ten
shares.
The following nominations for directors
were made
John r. Btner, City.
Levi s. Gross, E. Hemptield.
John d. Skiles. City.
H. X. Miller, E. Hempfeld.
Lewis S. Hartman, City.
II. G. Resh, Pequea.
Henry Forney, Uppcar Leacock.
JohnL. Miller, City.
James Potts. City.
David Brown, Drumorc.
Graybil. Baer, Mannheim.
Samuel Croft, City.
John R. Diffenbaugh, City.
Charles F. Rengier, City.
S. NJ. Myers, City.
II. NJ. Mayer, East Hempiieid
NJ. F. Steigerwalt, City.
John r. Bricker, Warwick.
ID. b. Lands, City.
John Fridy, W. Hempield.
Simon Hostetter, Mannheim.
f. J. Kcndlg, COnestOga.
Abraham B. Hoover, Mannheim twp.
Jacob r. Hershey, Manor.
Samuel NJ. Seldomridge, w. Earl.
John b. Warfel, City.
Geo. X. Reed, JnO. B. Warfel and J B.
Stehman were appointed tellers.
Mr. Warfel. A. NJ. Frantz. Lewis S.
Hartman, J. Hay Brown, A. F. Hostettcr
aud others discussed tho expediency of an
immediate election of directors Mr.. War
fel desiring if possible tc defer the elec-
ton long enough to secure better repre-
sentation in the board from the southern
and eastern sections of tho county. The
motion for halt hour recess prevailed.
After tho Recess.
Upon the rcassembling of the meeting
Mr.. II. J. Houston read tho national bank
act to show that the law required articles
of association and 4 certificate of Organi-
zation to be adopted and fled with the
controller of tho currency before directors
could be elected. He raised the point of
order that the election ut this time might
be uutimely.
Mr.. Lewis 5. Hartman said the control
ler had advised him that the first thing to
be done to expedite business was the cleo
tion of directors.
Mr.. Brown, Mr.. Hartman and others,
read the law and insisted on the right of
the meeting to elect directors at any time.
The president ruled against MIR. Houston S
point of order.
Mr.. H. Doerr offered i resolution that
the bOard-elect and six additional stock
holders, to be appointed by the chair, sub
scribe for tho stock, sign tho articles of
a association and certificate of organization
and then transfer the stock to the sub
scribers as they stand on the books.
Tho balloting was then begun and the
polls kept open until two O'Clock, after
which the clerks and tellers proceeded to
count the tickets.
Up to the hour at which We 60 to press
the result had not been declared, but it IS
believed to have been the election of the
following ticket generally supported by
those prominent in the new organlza-
tiOn:
John r. Bitner, John ID. Skiles, II. X.
Miller, l.. S. Hartman. John l.. Miller,
David Brown, Samuel Croft, john Il.
Bricker, D. B. Lands, John Fridy, E. }.
Kendig, Abram B. Huber, S NJ. Seldom
ridge.