The semi-weekly tribune. [volume] (Great Falls, Mont.) 1890-1891, 1891-01-17
new BANK OFFICERS ELECTED.
Annual Meeting Of the Stockholders
of the First National Of
This City.
SPLENDID BUSINESS SHOWING MADE.
A New Five Story Banking House to
be Erected as Soon as
Possible.
A Building Committee Appointed
The TOWNSHIP Company and Bank
to Build This Splendid Struc-
ture Jointly.
SPLENDID BUSINESS SHOWING MADE,

The regular annual meeting of the
stockholders of the First National bank
of this city was held yesterday in the
presidents office. The attendance was
larger than at any former meeting,
among those present being: I. L. Collins,
A. E. Dickerman, J.. P. Lewis, Robert
Vaughn, John Lepley, H. o Chowen. Ira
Myers, j. T. Arlington, Phil. Glib
son, H. H. Matteson, Andrew Jen-
sen, j.. Bookwalter and the Townsite
company by its agent.
The minutes of the preceding meeting
were read and approved. After the ap.
pointment of tellers the election for di-
rectors for the ensuing year was pro-
ceeded with, and the following gentle
men were chosen:
Robt. Vaughn, John Lepley, T. E. Col
lins, A. Z. Dickerman, II. Q. Chowen, Ira
Myers, J.. T. Arlington, j. Bookwalter,
l.. g. Phelps, Z. A. Broadwater, Paris
Gibson, J. ii. Mcknight and j. $. Tod.
The number of directors wa increased
from eleven to thirteen.
The board authorized the conveyance
of an undivided one half interest in lot
1, block 1856 Corner Central avenue and
Third street, to the Townsite company
o =, the payment of $4,000 and 7. Z.
Collins, J. Bookwalter and A. E. Dicker
man were appointed a building commit
tee and authorized to complete the new
bank building in accordance with the
plans and specifications of Architects
Bertrand & Keith of Minneapolis.
These provide for a magnificent, five.
story fire proof stone building which will
undoubtedly be the finest banking house
in the state. 1t will be built Jointly by
the bank and Townslte company anC
work will begin at the earliest practi
cable day.
Cashier Dickermnn presented his re
port to the board, showing the condition
OF the bank at the close of business o.
F. Jan. 10, 1891. The total resources ar
over $l,0OO,O 900 and among the lmportan
items are the following: Loans and dis
/ counts, $%6l5,000; county and city WAL
rants, $llO,OO0; U. s. Bonds, $4,000
. cash and exchange, $685. 600 The sui
: plus is $2t,0V0 and profits $4,000 Wit
deposits amounting to 1851, DOC. Til
). total earnings of the bank for the pas
' six months were $37,375, less expenses
$e,S7S and bad debts *10O.70, leaving I
: profit and loss $2S. 1906. During the pas
year the bank sold exchange to tn
amount Of $3.50. 900 and entered an
r received collections to the Der ,
4,Os5. Yesterday there was on the book
75O active deposit accounts. This is
showing that needs no comment.
DIRECTORS MEETING.
n Immediately on the adjournment
rs the stockholders q session of the newl
p elected hoard of directors was he'll
Is Officers were elected as follows: T..
t.. Collins, president; J. 7. Arlington, VIZ
e president; A. E Dlckerman, eashle
f. II. H. Matteson, asst. cashier; Discoul
Board-J. Bookwalter, Ira Meyers an
H. O. Chowen.
This latter board Is to meet at lea
SIS once in two weeks and pass on all pap
v received by the bank.
t. The business and condition of the bar
he was most satisfactory to the stockholde
ae and they were unanimous in express
e, ing themselves to that effect. The bus
n. ness being concluded, a few bottles
~ Pom. Sec. were opened and the fragra
Havana passed around when the stoc
holders Joined by some of the patro
ne of the bank managed to have a We
20 pleasant time.