The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-10-12

Working Stats.
The business and growth of Roanoke
are not crampcd for want of banking
facilities. Three national banks, three
loan and deposit companies, one State
bank and one private bank, are ample
to meet all the necessities of business.
They have an aggregate capital of nearly
million dollars, and surplus funds, un-
divided profits and individual deposits
amounting to over So, 100000 The high
standing of these financial institutions
and their solid condition arc evidences
of the substantial growth of Roanoke.
THE FIRST NATIONAL BANK OF ROANOKE
was organized in 1882, as the new city
was springing into existence, with a
capital of $4,000, which was shortly
afterwards increased to 100000
The officers were Hon. III. s. Trout.
president: =. l.. Terry, vicc-president,
and j. w. Shields. cashier. These Of
ficers have controlled the Offices of the
bank since its inception. President
Trout ana Vice-prcsidcnt Terry are
among the original citizens of Roanoke,
and have been identified with almost
every movement for the advancement
OF the city:
Mr.. Trout is vicc-prcsident of the Roa-
nokc Land and improvement Company,
president of the Roanoke and Southern
Railroad Company, vice-prcsident of the
Roanoke Loan, Trust and Safe Deposit
Company and president of the Gas
n \ a n 10 IL. loo, ,,,4.
csted in number of other companies in
Roanoke, and is Il prominent member Of
the Lutheran Church.
Mr.. Terry is president of the Roanoke
Trust. Loan and Safe Deposit Company,
president of the Roanoke Times Pub
llshlng Company, director of the Nor
folk and Western and Roanoke and
Southern Railroad Companies, the Roa-
noke Land and improvement Company
the Gas and Water Company, the Roa-
noke Development Company. and is in
tcrcsted in many other smaller corpora
tons. Mr.. Terry is also one of the
leading members of St.Marll's Lutheran
Church.
Mr.. j. w. Shields was cashier of the
| old bank of Virginia the best bank Or
ganlzed in Roanoke, which has sus-
pended business several years ago, and
now occupies since the organization.
He IS native of Christiansburg, but
has been in Roanoke ever since the city
began to grow.
Mr.. i. II. Loving has been with the
bank for about six years-at first as
book-keeper. lie was made teller about
year and half since. He is n native
of Montgomery county, Virginia. and
was among the first to come to the Magic
City when the boom struck Southwest
Virginia.
The remainder of the working force of
the bank is as follows: General book
keeper, j. II. Meadows; individual book
Keepers, j. NJ. Airheart, y. f. Sandt.
and u. B. Spencer; assistants, j. Il.
Trout and o. :. Marston.
The directors include MANY of Roam
oke's leading business men. as follows:
II. ;. Trout, p. l.. Terry, j. NJ. Gambill,
Of the Wholesale grocery and milling
firm of j. NJ. Gambill Il Co.; w. c. Ev-
ans, mayor of Roanoke: S. W. .Iamison,
vicc-president and treasurer OF Roam
oke Development Company, secretary
of the Roanoke and Southern Railroad
Company, and secretary and treasurer
of the Loan, Trust and Safe Deposit
Company; B. +. Moomaw, large real
estate owner: +. NJ. Starkey, of Roanoke
county; Is. n. Hatcher and II. c. Den
ton.
The bank was never in better CON
dition than now. 1t has surplus and
undivided profits amounting to $50, 900.
and individual deposits of 5000 600. 1t
has deposit of $50, 900 in United States
bonds, and $4,000 of its notes are in
circulation. All the ten dollar bills used
in paying Off ut the Roanoke Machine
Works the last.pay day were First Nat
ional Bank notes. Tho bank now oc-
cupies the building on the corner of Sa-
lem avenue and Henry street, but will
have larger, more conveniently located,
and more elegant quarters in the new
Terry building on the corner of Jetfcr-
son and Campbell streets, as soon as it
is completed.
TIE COMMERCIAL NATIONAL. BANK
was organized May 9th 1889, with q ca
pital of $1,000 The first officers were
j. w. Coon, president; G.. OLeary, vice
president, and j. B. Levy, cashier. The
officers remain the same with the excep-
ton of the cashier. Mr.. Levy was sue
ceeded by Judge VIM. NJ. Barnitz. who,
in turn, was succeeded by Mr.. j. c.
Davenport, the present cashier.
The bank occupies elegant quarters
in handsome building on the north
west corner of Jefferson and Campbell
streets. 1t has a surplus and undivided
profits amounting to ,Sa6, 600, and de-
posits of 100000. 1t has notes in cir
culation to the amount of S22. 500 Sc
cured by S25, 900 of United States bonds.
MIR. Coon, the president, is n success
ful young business man. He is secre-