Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1883-05-07
A NEW NATIONAL BANK.
Organization Meeting OF tho 0uarryville
sank Stockholders.

Organization Meeting OF tho Ouarryville
sank Stockholders.
For some time there has been a move
ment on foot in the lower end of the
county looking toward the establishment
of national bank in Quarryville; and, the
stock having all been taken, a meeting of
the subscribers was called and held last
Saturday at 3 p. IN. in the Quarryville
hall 1t was found that the 100000 pro-
posed as capital stock had all been taken
in lots of from 500 to s., 900, Only single
subscriber having as much as the latter
figure and there being nearly hundred
shareholders in all. OF these about half
in number and more than half
in their holdings assembled at
the meeting on Saturday. 1t was ex-
planned that offers had been made for
probably $4,000 more of. stock, but they
came principally from persons who wanted
it as an investment, while it was the de
sire of the projectors of the enterprise to
allot its stock exclusively to persons in tho
neighborhood who would likely become
depositors and customers. The meeting
organized with James Collins as president
and f. W. Helm secretary. Its object
was stated, the national banking law re-
lating to organization was read and the
dltClCS VI aO5cCIbItOA buu SouAAhoAOn
certificate were signed by those present.
after which the shareholders elected
directors, the following being chosen
unanimously
Geo W. Hensel, Quarryville. Eden
township; Robert Montgomery, Eden
township. (two miles east of Quarryville ,
c.. NJ. Hess, Drumore township, (two
miles south Of Quarryville , ThOs. L.
Ambler, Bethesda, Martic township f.
NJ Stautfer, Chestnut Level Sanders
McSparran, Peters Creek DR.. John Mar
tin, Bart J. Penrose Amber, Goshen !;
Frank W. Helm, New Providence.
As will be seen the directors, nine in
number, are widely distributed over the
large area of country from which the
business of the country is confidently ex-
pected. The board organized by electing
Geo. w. Hensel president and F. w. Helm
secretary, and then adjourned until next
Thursday.
Tho first thing that will demand the at
tention of the new corporation is the erec-
tion of a suitable building, as there is none
in the village adequate for banking bust
ness. Pending the calling in of the stock
and the necessary arrangements with the
treasury department for authority to begin
business, tho erection of building likely
to include residence for the cashier, will
receive the attention of the board. Its
site has not yet been determined upon.
The Strasburg school.
The Philadelphia Record, basing
it's reflections on observations OF
like import in the INTELLIGEN
GER. makes this commentary: "One Of
the best paying Investments made by any
body OF citizens in Pennsylvania, was
made by the people Of Strasburg. Lancas.
ter county, thirteen years ago, when they
built q twelve thousand dollar school house
hired competent teachers and gave their
personal attention to getting back the best
equivalent they could for the money laid
cut for school tax. Tho primary schools
at Strasburg deal out fair elementary
education to the youth of that town, and,
having this solid basis to build on, they
have succeeded in doing great work IN the
graded schools. There is nothing like
getting down to bed rock foundation. Tho
people of Strasburg have done this first,
by giving the dictatorship of the public
schools intelligent supervision and, sec
ondly. by making elementary education
the paramount consideration, and finish
and veneering matters of less concern