Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-01-22
YEARS EXHIBIT.
REPORTS ON CONDITION OF SIEVE
RAJ FINANCIAL INSTITUTIONS.
The Virginia Trust Company Re-
Elects Mr. Boyd as President-Good
Business I'm 1s05-Annual Meetings
of Other Concerns.
Of Other Concerns.

OF several financial institutions of this
city were held yesterday. and the re-
ports of all of them showed gratifying
business results for the year just closed
Captain John A. Coke presided over the
meeting OF the Virginia Trust Company,
and Mr. John Morton acted as secretary.
A large majority OF the stock was repre-
sented in person or by proxy. President
James n. Boyd presented the annual re-
port, In which he says:
"As shown in the report Of the secre-
tary and treasurer, our gross receipts for
the year have been 500, 49, 6; our dis
bursements. for taxes, expenses, etc,
show 81. 462.63. We have paid to stock
holders in dividends January and july
10000, or per cent for the year on
our capital, free of tax TO stockholders.
We c.ose the year 1895. with balance
to credit Of undivided profits of s64,S72.s2.
1T is hardly necessary for me to refer
to the resignation Of your former presi-
dent, Mr.. James b. Pace, which occur
red at a meeting of the directors, held
December IA, 1895, and the expressions
of regret and sympathy manifested at
the meeting. ali OF which were sincere
and heartfelt.
WILL. NOT SUFFER LOSS.
"Tbe assignments OF Messrs. Pace and
Christian. both identified with the man
agement of this company, OF necessity,
accustomed some anxiety on the part OF
Stockholders and patrons, but such was
more in the line of sympathy Tor these
gentlemen than doubt as to the conul-
ton of the company. The assignments
of these gentlemen, of property 10 SECURE
any indebtedness, were ample IN lhefh-
selves. but without same, the loan uue
by them were in large measure secuieu
bv collaterals, and | am pleased 10 say
that the same have been realized on ~
the extent OF reducing their Indebtedness
very considerably, and in the case vi
NJ Christian. the amounts realized from
coiiateraIs and cash paid by him has dis
charged his entire liability TO TINS conh-
Many and he has been released by pay
vent of nrincipaI and interest on MS III
debtedness. That Mr.. Pace Will DO so III
a very short time is apparent TO US out
I'm any event this company cannot lose
ono doItar nv reason OF his assignment.
rho condition of your company l. re-
,,,rd as most excellent, and beheVe
from 1900 to 5000 would cover an uoup'
mi assets and discharge all claims that
tho company may be called upon TO pay
OFFICERS REELECTED.
All of the old directors were reelected
"a follows: Lewis Ginter, j. n. boyu
Thomas potts. John i. Branch, w. ).
Forbes, T. william Pemberton' a. L.
BouIware, f.. Il. Addison Z. w.
Branch. Mann S. Quarles, E' ~
Christian, Joseph Bryan, NJ. B. Ro-
senbaum. T. c. Williams, Jr, j.. II.
Morris. Philip Whitlock. J. j. Mon
tag,Ie, Moses Millhiser, b. Il. Munford,
John Pope.
The old officers were reelected, and
they are: James N. Boyd, president;
Mann S. Quarles, vice-president; John
Morton, secretary and treasurer.
METROPOLITAN BANK
The annual meeting of the stockhold-
ers of the Metropolitan Bank Of Rich
mond was held yesterday at noon, and
these directors elected: n. w. Mel
son. Thomas n. Carter, Lewis Ginter,
John Pope, r. III. Mayo, Thomas At
kinson. James n. Boyd L. Raab. r..
S. Bosher, p. Whitlock. John W. Har-
rison. J. II. Kaufman, Charles II.
Loehr, +. S. Valentine. II. L. Cabell,
Jackson Brandt, G. c. Jackson.
The Board OF Directors will meet at
noon to-day and elect officers.
BUILDING FUND COMPANY.
The stockholders OF the Merchants
and Mechanics Building Fund Company
held their first annual meeting al the
office Of the company, No. north Tenth
street yesterday . afternoon. The re-
ports showed the company TO be in a
prosperous condition. The following di-
rectors were elected: Carl Wippermann.
Carl Ruehrmund, Wyndham Boiling, b.
]. Bear. William Rueger, j. /. Boswell
Jr.. and j. Clements Shafer
The directors met after the stockhold-
ers' meeting adjourned, and elected ]. ].
Boswell, Jr., president; Carl Ruehr-
mund vice-president: Spencer Cornick,
secretary and treasurer. w. G. Neal,
X. A. Simms, and A. C. Hartman were
elected trustees; Thomson & Minor,
attorneys.
MUTUAL FIRE-INSURANCE co.
The annual meeting OF the stockhold-
ers OF the Richmond Mutual Fire In
surance Company was held yesterday
The president read his annual report
which was satisfactory. The company
adopted resolution to apply TO the Cir
cult Court for permission TO increase its
capital stock to 10000. The following
directors were elected: b. b. Munford,
John S. Elicit. ]. n. Cullingworth, r..
S. Bosher. John Il. Purcell e. A.
Saunders, Jr., and Joseph NJ. Fourqurean.
After the stockholders adjourned the
Board of Directors met and elected b. b.
Munford president: John S. Elicit vice
president. and Albert Blair. secretary;
George ID. Peasants, general agent.