The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1894-01-17
Strong Board of Directors and
Officers Elected BY the
stockholders.
statement Of Examiner Lynch showing
the EEeeilsnt Condition OF the In
siitatioa Whsa It Opens

I
realize on some OF the banks securities.
But the work has been completed, and last
n Rht final details for the opening on Mon
day next we're settled. This was Al the an
nual meeting OF the stockholders and
directors held In the pailors OF
the bank. Al this meeting IL was
officially announced that the bank
would be opened for businsss neIt Monday
morninP. Jan. % At ton o'clock. A. the
stockholders' meeting all Interests we're
represented and IL was ha' monious through
ont J. A. Talbot. OF Butte. Administrator
Of the Davis estate. resided. The stock
ho ders elected the following directors;
S. I. Hause capt. lat
Henry Klein, merchant
John @. Curtin. merchant
X. :. Hamilton. stockRrower.
Il. w. Bach, mining.
X. s. Hale, merchant.
J. A. Talbot. capitalist
A. J. Davis. cashier First National bank.
Butte.
L. w. Knight banker.
Conrad Kohrs, stockarower.
Warren G. Gil cite, stockgtOwer.
Following the adjournment Of the stock
holders the directors met and elected the
following officers;
s. L. HAuser president.
John c. Curtin. vies resident.
+. W. Knight. second vice president.
I. II. X einschnidt. cashier.
Geo. II. Hill, assistant cashier.
Special Examiner Lynch, in a talk 10
the stockholders. speaking for the comp
trolls', said the bank had fully complied
with the requirements of that officer and
would open on Monday in splendid oondi-
tion. Continuing. be said those interested
had particular reason for oonRratulation In
the display of confidence by the cepositors.
who hal almost unanimously HRfeeI TO the
ilau for resumption. He said that so far
~ be knew there had never been such unAn
unity shown by dspoLtors ia a bark In
agreeing 20 plan of resumption.
Mr.. Lynch, as IepressntibR the comptrol-
ler's office. gives out the following state
ment IN regard TO ths First Nationals eon-
dition:
The Frat National Baak Of Helena has
complied with all the conditions i'm posed
by the comptroller OF the currency, sud
will resume business Monday, Jan. %. AZ
10 o'clock. The reonperrtive power OF this
bsnk IL evidenced by the fact that 10 has
nov on hand more than hve hundred
thousand dollars IN cash. This is about
| Tour times tho amount Of the demand ia
1
condition TO command the confidence OF
the business public.
In view of the great monetary strin-
gency which has reVailed throughout the
entire country, aud in visW of the peculiar
surroundings affecting financial AT airs in
Montana, the return of this bank TO active
business 10 not only o source of satsfae-
tiou and cong atulation 90 those i'm sdi-
Ately lntsreste in the institution. but ons
which must affect for good every business
interest Of tins section of the coun-
/ try. Too much cannot lie said in aplre-
citation Of the liberal spirit and Indulgence
on the a Of she depositors OF this bank.
| They have more than met the expectations
of those engaged in bringing about the re-
storation OF this Institution. Their eX-
pTessions Of confidence and good will il the
/ highest endorsement which they could give
o. their faith In the present and future OF
the First National Of Helena. The large
amount OF money which has come into the
vaults OF the bank within the last sixty
and ninety days has been realized from the
assets of the bank. Ia no manner has the
First kational increased ITS obligations
but on sue contrary the Liabilities by var
ious adjustments have been constant y re-
duce
Tue stockholders most interested in this
bank have come 10 lite rsscue ia y moat gen.
Gus manner by giving it their encourage
ment and support. Tue combined innu-
d
representing the interests OF the estate Of
the late Judge A. j. Davis have brought a
complete restoration OF this great institu-
tion.
with the reorganization Of the official
forcs of this bank. together with that OF
the board OF directors. IL is but reasonable
TO expect that this bank will again take its
place In tue front ank OF the financial in.
stitutions OF the country.
With conservative management p oper
regard for economy and "a let attention 90
every int est OF the bank. IL Is but fair TO
say thnt TIE Firet National of Helena is en-
titled 10 the continued confidence aud sup
port Of thOs5 who have for so many years
acid business relations with H.
The large resources al command, which
have not yet been called upon, furnish a
IN Their guarantee Of its ability 10 carry out
all ita obligations and extend such fAvors
80 will be prudent under lie conservative
management
NO bank has resumed business with
larger cash rssou ees in proportion to de
mand Liabilities than the Fist National Of
Helena. his not only speaks well for this
institution, but IN my opinion 10 an expres-
sion Of the improved condition OF business
/ in this pa OF tho countn, and 10 - fur-
Their evidenced by the splsndi1 stAtems nts
! % esented BIZ the several national banks Of
this city In their seent Tepo made to the
oomptiollsr OF the Gu rency Every bank
l us hhbNh - AICNeAhN u 0eN0nltn ana n
healthy growth In every branch OF
their BUSINESS. The backs which
have recently Teopeued under the Au-
shorty o. the conpt ollsr o. tue cur
rene slow the wisdom of the course which
they adopted in determining TO resume
business. They have mors tuan met the
en- ecthtions of those whose efforts aided Ia
Dnnging about thsif resto alton aud tue
most excellent showing which they present
bas been most gratifying TO the Ofice a.
Washington as we'll as % the managers Of
the bank and 90 the pablo at IL re.
The success which has o.owned the
work OF tha banks already resumed IL IA
store for the Fifst National Of Helena, aud
II IL With feelings of salts action and graft
hcation that this bank will on the 22l OF
this month take ia placs among the active
financial institutions 81 the state"
whstRv. ,. a. Wsfsoa H.s t. Sav.