The times. [volume] (Richmond, Va.) 1890-1903, 1892-02-07

THE STATE BANK or VIRGINIA.
Intimately connected with the great dovel-
opment Of this city and potent and power
fal ally and mainstay to the commercial in-
dustries have been ;be banks OF Richmond.
I'm o Great busy metropolis. where large stocks
OF merchandise are carried, and where man
ufacturin- institutions abound the most SOL
vent and conservative enterprises frequently
reouire financial assistance and tho cnti5e
business community needs tho facilities OF
fered by banks. Ia this city tao advantages
of the banks have been largely felt, and both
people and banks have prospeged together.
~ fnanc.a. business in the city has been
more closely allied with the prosperous
Growth of Richmond than has the State
Kan, of Virginia. aud 10 remains today as one
49, the RECOGNIZED SQUAD credta1.e and val
uabls institutions which has been credit
alike TO itself and 90 the city.
The State Bank was organized IN 1870 with
p capital stock OF $3.50 000 aud this within tho
past year was increased 20 100000. Its SUE
plus fund has grown go s-i501l and IT'S en-
ti~s business has beon extended on the lines
OF prudence and conservatism.
The first president Of the bank was Mr..
William ri. Macfaranl who was altsrward
succeeded by Mr. John T.. Bacon. On the
death II 3lr. Bacon. about five years ago. NJ
John S. Elicit was made president and so
continues ~ this time. Mr William NJ H.ll
is the cashier. and for nineteen years has hold
the same responsible position.
The prosperity OF the bank under tho adj
minis.rati0n IL these two officers has been
sngular.y great. as within the period Of five
wears tie business Of the bank has more than
doubled. and IFS reputation as a model
financial institution has been indisputably
fixed.
The increasing business has necessitated
the appointment u third teller. and the
employment OF q total OK fourteen clerks TO
conduct the daily routine.
The bank las established itself IN CORE
spOndence with some OF the best banks IN the
/ North SoutH and West. and in fact IN all o.
+ the PINCH al cities of the country US con
neetons are splendid and iis i"cI'''e7 10. CO..
/ leotOns and correspondence cOu.d not DO
81, statement solicited az the bank on De-
/ carub her sI.t 1-4l Is published and "a show
+ inc confirms the fact OF It's beng Ia of the
popular and sound institutions oil the city.
RESOURCES.
Loans and discounts .sl,1.35.r 30
. Stocks and bonds .........- -.-........ t.i.l go
1anting house and other real estate. ,2fi6 r0
Du. from 0tnCr bfuhS....... .......... 2la.lsf Cd
+ Due from Treasurer United states 1000 m
Cash on Aaud..-........--.-. 2il,ill si
s?.9s5ls Sd
LIABILITIES.
Capital paid up........................s 10000 %
/ Surnlus fund Observation-Disclosures. .llou 0l
/ lnUfiHel liohi s..-............-...-.. N.tiN ii
Dlylleu is unpaid ....,.............. d $50 ~
Individual liNhO.. 81
Bank deposits. ................... l3l,Sl sl
see.s5i3 I'd
The boarl of electors is made up of some
I OF Tie leading citizens ana business men %
/ the city 81 hose very cDnnes;lun with the bank
isa Their additional evidence OF rs stability
+ and certain prosperous future. The directors
are AS follows ". ID. Gibson. f. T. James.
/ NJ Il. Clarke. A. G. Babcock, William +.
Tanner. Alexander Cameron. Peter III. Mayo.
John Tyler. Joseph NJ. fourQurean. John >.
/ Elicit W Miles Cary and i. g. Williams. Jr.
The hourishng business which Is being
conducted Tar and near 0y this bank attests
its pendid facilities The existence of 80
firm a financial institution 10 the city Is q per
petual source ~ gfatlhc@tlOn 10 the CONNER
clal industries.
Virginia may well le proud ia the posses
siou OF such reliable institution. and con
graduate herself upon having enlisted Ia the
cause OF upholding IL so capable manager:
and so able board OF directors. To the w0r
thy presidents and competent employees
should be awarded all due recognition OF thcil
services in building up and increasing the
reputation OF this prosperous bank.