Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-01-08
OUR FINANCES.
UNSURPASSED BANKING FA-
CILITIES OF ROANOKE.
The COMMERCIAL NATIONAL BANK
Its Few and Beautiful Bank Building.
Tho Capital Steek-lts Financial
Conditional List OF the Officers
or the Institutiou.

One of the best evidences Of the
growth and progress Of this city is the
increase in the number of its banks
and banking houses, and the best
proof of the strength and permanency
OF such institutions is the character
OF the men who conduct their affairs.
The business men Of this city are
noted for their intelligence, sagacity
and enterprise, and as rule, they are
made of that material which, when
they have once put their hands to the
plow, never look backwards.
The TIMES has on several occasions
referred to the high character and
superior qualifications OF the business
men of this city, and in no institution
here are these desirable characters
tics more strikingly eIemplified than
in the officers OF the Commercial
National bank.
This monetary institution was or
ganized on the first OF September, 1883,
as state bank, and in the May fol,
lowing was chartered as a Natl onal
bank. For more than a year the bank
did a good business in the old post
Office building on Salem avenue, when
its increasing needs compelled re-
moval to the large, handsome and
commodious structure erected espec-
tally for that purpose on the corner
of Jefferson and Campbell streets.
The building is four stories high
with a beautiful cupola and mansard
roof, and Is built Of Philadelphia
pressed brick ornamented with terra
Gotta thing and Cleveland dressed
stone. 1t contains thirteen handsome
rooms with inside blinds and the three
on the first floor, among which are the
banking Office and the presidents
room, are finished in native cherry
beautifully carved, and furnished
with Brussels carpets, desks, vaults
and oil the modern conveniences OF q
first-class establishment OF this kind.
A simple entrance into the main office
shows at glance thorough business
management, and short conversation
with the officers is enough to convince
any obseryant man that those at the
head OF the institution are fully com.
petent to conduct the banking bust
ness in all its branches.
The capital stock of the bank is
500, 900. The officers and directors
are: President, J. w. Coon; cashier,
Judge William Barnitz; assistant
cashier, w. F. Penn. Directors: Jno.
E. Penn. A. s. Asberry, James NJ.
Watts, b. F. Nlninger, N. T. Nininger,
C. J. Lyon, Nj. A. Rife, c. O'Leary,
w. E. Bibb, G. Markley and J. W..
Coon.
According to the December state
ment of the condition Of the bank the
loans and discounts OF the bank
amounted to $l88,081.79, United
States bonds $25, 900, and cash on hand
$50, 565. go, deposits $130,674.06 and
undivided profits, IS, 794.03.
THE OFFICERS.
Mr.. w. Coon, the president Of the
bank, is comparatively young man
and is q native OF Roanoke county.
By his superior business qualifica-
tions and high character he has won
the respect OF ell who know him, and
has demonstrated his eminent fitness
for the position he occupies.
Judge j. William Barnitz, the casE-
Ter, is a native Of Montgomery county,
but has resided for many years in
Roanoke county. He was judge OF
the circuit court soon after the late
civil war, and filled the position with
distinguished ability. His thorough
business habits and the high esteem
| in which he is held, mark him as par
ticularly fitted for the position he now
occupies.
Mr.. W.F.Penn, the assistant cashier
| is from Danville, Va, and is young
gentleman we'll qualified in all res
poets both as to business and morals
| for the position he now holds.
OF the directors Colonel John E
Penn is too we'll and favorably known
as O. soldier, a lawyer and gentleman
for an extended notice in an article
like this.
Mr.. A. s. Asberry, another director,
has held the position OF postmaster
here under two administrations, and
is q gentleman we'll qualified for the
position. :.
Mr.. James NJ. Watts, one OF the di-
rectors, is an extensive property
owner in this city and Roanoke
county. He has done efficient work
in building up the public schools of
Cave Spring district, and is q gentle
man who we'll deserves the confidence
and respect of the community.
Mr.. G. O'Leary is well and fayorably
known as self-made man in every
sense of the word. His check is good
for any amount and his word is as his
bond.
Mr.. C. Markley, another director is
also self-made man. He has made
a reputation in this city for honesty
and fair dealing second to none, and
his success In business is well deserved.
OF Messrs. B. F. and Mt. Nininger
G. J. Lyon, n. A. Rife, and W. E
Bibb, the other directors, the same
can be said from moral and bushes:
standpoint as has been said for tht
best Of their colleagues.
The city OF Roanoke is fortunate il
having such substantial and sue
oessful financial institution as TIT
Commercial national bank.
A Chile BADLY scalded.
| Or;tao eor;oua oecidant occurraf