The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1884-01-31
THE AUGUSTA NATIONAL
BANK

| Az AiiotOA - VI lllOol Odlikl1S HOUSES
is as prosaic as can well be imagined
The business is matter of fact, and little
that savors Of romance is connected with
it. To be sure there is certain CLAM
our surrounding bundles of bank notes
and heaps of coin, but we won't under
take to define it; in this review of the
banking interests Of the city it has been
our endeavor to con6ne ourself to mat
ter-of-fact topics, and the deductions we
have drawn we have tried toll make
equally plain.
So far as regards the Augusta. Nation
al Bank we have record to recount; a
record that rebounds to its credit. Its
organization was perfected on the oath
Of April, 1875, by the election of the
following named gentlemen as Board
of Directors Davis A. Kayser, N. K.
Trout, A. H. H. Stuart, w. L. Bum
gardner, T. K. Menifee, ]. C. Marquis,
I. D. Ransom, G. G. Gooch, E. McMa-
hon, J. B. Evans, M. P. Funkhouser, H.
w. Shelley and A. A. Sproul. Judge
II. W. Shelley was chosen President,
N. K. Trout, Vice President, and N. P.
Catlett, cashier. The paid in capital at
this time was $4,000; since then, in
obedience to the growing business of the
bank this capital has been increased to
100000. Here we may say that the or
ganization of the Augusta National Bank
was the outgrowth of very pronounced
public sentiment that other banking ia
cilities than those then existing here
were imperatively needed as result,
the community generally stood ready to
warmly welcome the new enterprise /;
the gentlemen who were instrumental in
its inception and Organization were men
who deservedly were held in high es-
TEEN, and the career of the bank, though
relatively brief, has been such as to
strengthen and broaden the kindly feel
ings and confidence that'were entertained
at the outset.
No. change has occurred in the Pres
idency. Upon the death Of Mr.. Trout
Hon. A. H. H. STUART succeeded to
the Vice Presidency, and upon his resig-
nation Mr.. D. A. Kayser, one of the
leading merchants of the city, became
Vice President. One changes.has occur
red in the cashiership. In June, 1880,
Mr.. w. P. Tams was chosen. Cashier,
nee Catlett. deceased. Mr.. Tams, by
the way, has, in one capacity or another,
been identified with the bank since 1877,
and, while we have no disposition to
undulyss hatter him we do feel like max
ing the statement Of fact that the bust
ness of the bank has very materially
increased since his accession to the cash
iership. His corps ofassistants is at pres
ent composed Of the following named
gentlemen. F. B.FIBerkley, teller, who
succeeded D. c. McGufin. The assist
ant teller is ]. R. Taylor. The general
book-keeper is c. M. White; the indi-
vidual book keepers are w. w. McGuf-
fin and B. D. Tams. The messenger is
w. J. Perry.
Of the original Board Of Directors
two, Messrs. Trout and Menifee, are
dead. Messrs. Kayser, Bumgardner,
Gooch, Evans, Shelley, Funkhouser and
Sproul still remain Directors, and they
and John M. Carroll and r. L. Parish
constitute the Board as now formed.
These names are familiar to everybody
hereabouts. In the list are represented
different interests and professions, and
the men are such as may we'll be en-
trusted with the control of such an enter
prise. Nor is the Board Gas too many
are) purely an ornamental one, nominal
ly holding meetings enthusiastically.
On the contrary it is a working Board,
and at the weekly meetings there is
usually quite full attendance.
When the Augusta National Bank
began business it was upon south Au-
gusta street. In the fall of 1882 it took
possession of its present handsome and
quarters at the corner of
Main and Augusta Streets. The loca-
ton is admirable in every respect; the
block is an ornament to the city and the
Of the banking offices is
such as to afford every facility for the
transaction of business.
The business of the bank is with all
classes of the people, and a reputation
1as been gained of being as liberal with
customers as sound banking principles
will admit. From the outset it was ap-
parent that the Bank was destined to
meet with generous and hearty sup
bort from the community, and these in
locations have most certainly been real
zed. This is abundantly demonstrated
~ the official statement made by the
Cashier on the I'd of October last, and |
which we here reproduce.
RESOURCES
Loans and discounts. .....S $3.50 400 10 |
g u n saIt 4.l02 10
" .. bonds TO secure circulation. ..... 100000 90