Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1896-12-02
A Solid Institution.

Statistics show that less than 10 per
cent. OF the business transactions OF
the country are settled in cash, the
balance being paid in checks, bills of
exchange, and instruments Of credit.
1t would seen, therefore, that without
credit and without banks to handle
these instruments Of credit the trade
and traffic of the county would be
contracted 80 per cent.
II credit is such an important factor
in the transactions of life. equally i'm
portant must be the banks which fa-
cilitate business and fiud profit ia
loaning money on credit. But before
banks a accumulate the funds which
enable them to thus grease the wheels
OF commerce they must first gain the
confidence of such people ne have
money either for in Investment or safe
a bank must be controlled not only by
men of capital but men of prudence
and conservatism who have demon
stfated their capacity for the success.
full management of such institutions in
times of trial and trouble. Johnson
City is the fortunate possessor of such
O bank, managed by just such men
The very name of Jonesboro Banking
and Trust Company conveys at once
the idea of solidity, for at the head of
that institution stands John ID. Cox, a
mar who is known far and wide
throughout this section not only as q
man of wealthbut as a man of judgment
and keen foresight, who has successfully
steered his bank through all the shoals
and dangers of the past four years of
depression. The Jonesboro Banking
aud Trust Company is the oldest bank
in the county, and is peculiarly forum
ute in having asits managers here two
such men as Tate L Earnest and w O..
Kenyon.
Every farmer and every business
man in Washington County knows
Tate Earnest, and they all like him.
began his career in the banking
business with the First National Bank
Jonesboro, and after building up a
good business for that institution,
to johnson City as the cashier of
the Jonesboro Banking and Trust Com.
pany. Mr.. Kenyon is a banker who
comes here from North Carolina with
a record of years of successful bust.
ness there. That he will duplicate his
record there can be no doubt. I'm
Ter the guidence of these two men,
and in spite of the prevailing hard
the bank has steadily increased
rs deposits and although the johnson
City branch, only five months old, it's
business has already become profitable
md Its future assured. Such a bank
a credit to any community, and de.
'erves the good will and support Of
avery one.
A feature of this banks business Ia
of especial note. Under its
charter 1t is authorized to become
guardian for the funds of minors and
trustees of any character; and this as.
lures the safe keeping and accounting
Tor such funds to such u degree that
me public is already using the institu-
lion Tor that purpose, and this branch
its business will undoubtedly grow
It's operation is more fully developed.
The Herald and Tribune can and
1oes fully concur ia the above, and
also c~ongratulates the institution re-
erred to, as it is u branch of one of
Jonesboro's most solid and responsible
concerns. The J~onesboro
Banking and Trust Company, which is
managed by such successful business
men as John D. Cox, President, Il. Fl.
Cashier, and I. j. PEOPLES.
Assistant Cashier. The stability and
equation of the company needs no
Comment from us, as tits WE'LL and
avorably known throughout the coun.
ny.