The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-01-22
Jan.1. 1890 Jan. l, 1891 Incrca
THE FIRST NATIONAL BANK.

about the time that the dingy little viii
lage of Big Lick with its 400 people
WIS touched by the potent wand of the
faiy, Progress, which has transformed
it into Magic City Of 30, 600 inhabitants.
Tho banks success has been almost as
phenomenal as that of the city. 1t was
organized with capital stock of $50 900,
which was shortly aftcrward increased
to 500. 600. Tho officers were: Hon.
II. S. Trout, president; p. Il. Terry,
vice-president, and j. w. Shields, CASH
Ter. Mcssrs. Trout and Terry were
among the original citizens of this
place, and have been leaders III develop
ing and advancing tho interests of this
CITY.
Mr.. Shields is native of Christians
bug, but has been in Roanoke since it
began to grow. He was formerly cashier
of the Old .,ank Of Virginia, which sus-
pended business several years ago.
The following figures will show the
increase in the banks business in one
year; Tho loans and discounts up to
January 1, 1901. we're S674, 770.Sl, and
up to the first Of January. 1890, they
wero S5l4, 325.98, showing an increase of
3l0O.444.s3.
The deposits up to the first of the year
1891 reached the amount of S7S5, seq. l o;
up to the same period of tho yoar before
they were $40, 465.3S, showing an in
crease of S3l5, 056Sl.
The surplus was SIS, 900, as compared
with $50, 900 the Same period the year
before, and the undivided profits were
$40, 400 as compared with $4,000 tho
previous year.
The volume Of the business of tho
company at tho end of 1889 was $685.
1866, and at the close of the past year
it was 81, 002, 049 SO, showing an increase
of S347, 593.2S.
The employees of the bank arc: f.
II. Loving, teller. L. b. Spencer,
general bookkeeper; j. NJ. Alrheart'
p. L. Sandt, individual bookkeepers;
o. S. Marston, assistant bookkeoper.
At the last annual meeting of the
directors the places of assistant cashier
and exchange clerk we're created, j. II.
Meadows and John 7. Trout being APP
pointed to fill them.
Among the directors may be men
toned H. S. Trout, p. l.. Terry j. NJ
Gambill, w. G.. Evans, S. w. Jamison,
B. f. Moomaw, +. NJ. Starkcy. Is. N
Hatcher and L. c. Denton.
Tho bank has wcll-furnished quarters
at the corner of Henry street and Salem
avenue, but will be removed to the new
Terry building, corner of Campbell and
jefferson streets, when it is completed.
TIE COMMERCIAL NATIONAL.
The Commercial National Bank was
organized May 8. 1880, with capital of
100000.
The officers are: J. w. Coon, presi-
dent; c. O'Leary, vice-president; and j..
G. Davenport, who succeeded Judge w.
narnit, ocht
Tho bank has elegant quarters on tho
northwest corner of Jefferson and
Campbell streets. Messrs. j. w. Coon
and c. O'Leary, the president and
vice..prcsident respectively. are among
the best known citizens of Roanoke.
Mr.. Davenport, the cashier, is ma
tive OF Charleston, w. Va. IIe was
teller of the First National Bank for
five years. lie came to Roanoke with
the original boom.
The bank has capital of 500, 600,
and its success may be judged by the
following comparison OF its business for
the past year with that of the PROVO IS
year;
It's deposits on the first of tho new
year amounted to S260,000, as compared
with 100000 the same time last year
the increase being 100000. Tho sur
at the beginning of last year, and the
undivided profits, $1,000, as compared
with 5000 the year before.
The loans and discounts are S316,461
as compared with STA, 400.S5, showing
an increase OF S131 ,97I.15. The volume
Of the business of the company for the
past year is SAL, 304.71, as compared
with S245, 800 the previous year, show.
ing an increase Of Sl05, 4S4.71.
The teller is w. +. Penn; tho first
bookkeeper, w. w. Williams, and the
second bookkeeper, ii. C. Staloy.
The directors are j. w. Coon, c.
O'Leary, Capt. Mort. M. Rogers, A. S.
Asberry; M. A. Rife, r. ii. Woodrum,
Col Jno. E. Penn, c. 0. Moomaw, G..
Jones Lyon, j. NJ. Watts, C. Markley,
Mt. Nininger and B. l.. Nininger.
THE EXCHA NOE NATIONAL BANK.
The Exchange National Bank was
organized on the 7th of May, 1889, with
a paid-up capital of 100000.
The first officers elected were Il. II.
Fishburne, president; j. L. Engleby.
president; j. Il. Fishburne.
cashier, and Is. Rust, teller. Tho bank
has had no change in tho officers since
its inception.
The bank makes an excellent showing
In its last report, considering the fact
that it is not yet two years old.
The loans and discounts at the begin.
ming of this year were 232, OILS, as
compared with $3.50, 10 tho sam,
time last year, showing an increasc OF
S41,O76,15.
Tho deposits are sa17, oi3. 50. as com.
pared with sl6l, 457.43, an increase OF
Ss5,556.39