The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-01-12
FINE BANKS
ALL or THEM ARE STRONG FINANCIAL
INSTITUTIONS
Meetinc Of Directors and Stockholders Held
Observation-Disclosures Declared by
All OF Them.


Raleigh has good reason to be proud
of her banks, and yesterday the stock
holders in the various institutions met
and declared handsome dividends, SIS
usual.
The banks of this city are not sur
passed in the South, and as for staunch-
ness there are none in the world SUI
peroior.
The meetings yesterday were all well
attended, and in every instance the Old
officers were reelected.
COMMERCIAL & FARMERS BANK
The stockholders of the Commercial
and Farmers Bank met yesterday
at o'clock, and about 90 per cent of
the capital stock was represented in the
meeting.
The following directors were elected:
j. J. Thomas, Raleigh; Aft. A. Thomp-
son, of johnson y Thompson, cotton ex-
porters, Raleigh; Henry A. London,
attorney at-law, Pittsboro; A. F. Page,
president A. and w. e. r. r. Co.,
ii. Briggs & Sons, Raleigh; Ashley
Watts, American Tobacco Co., Dur
ham; Fred. Philips, capitalist, Tarboro;
r. b. Raney, Gen. Agent Penn Mutual
Life Insurance Co, Raleigh; B. n.
Duke, managing director American To-
bacco Co., Durham; John w. Scott, cap
italist, Sanford; Joshua B. Hill, of J. r.
Ferrall & Co., Grocers, Raleigh; James
e. Shepherd, ex-Chief Justice North
Carolina Supreme court. Raleigh.
The usual semi-annual dividend of 4
per cent was declared and the cashier
directed to pay the same.
The following officers. were reelected:
]. j Thomas, president; B. S. Jerman,
cahier; III. w. Jackson, assistant cashier;
G. W. Thompson, first book-keeper; e.
B. Grow, second book-keeper: A. p.
Baumann, collector; j. e. Shepherd, at
torney.
NATIONAL BANK OF RALEIGH.
The stockholders of the National Bank
of Raleigh held their annual meeting at
noon. The following directors were
elected:
Chas. II. Belvin, J. B. Bachelor, Jas.
A. Briggs, G.. NJ. Busbee. T.. B. Crowder,
Chas. e. johnson, Julius Lewis, +. 0.
Moring, w. r. Tucker all of Raleigh.
The directors afterwards held a meet
ing and elected officers as follows:
Chas. II. Belvin, president; Chas. e.
Johnson, vice-president; u. II. Briggs,
cashier; Julian Undertake, teller; f. l..
Manner, J. W. Harden, Jr., d. D. Up
church, book-keepers; Chas. d. Jones,
clerk and collector.
A semi-annual dividend of per cent
was declared.
CITIZENS NATIONAL BANK.
At a meeting of the stockholders of
the Citizens National Bank the follow
ing directors were elected:
Col. A. b. Andrews, Mr.. r. III. Battle,
DR.. r. III. Lewis, Dr. A. B. Hawkins,
Mr.. Jos. G.. Brown, Mr.. /. NJ. Proctor,
Mr.. w. III. Williamson, Mr.. j. G.
Drewry, all of this city.
The directors subsequently elected the
following officers:
JOS. G. Brown, president: Col. A. r.
Andrews, vice-president; Henry e.
Litchford, cashier; f. P. Haywood. Jr.,
book-keeper; w. w. Robards, teller; III.
J. Young, Irwin Il. Jones, assistant book
keepers; J. Leigh Skinner, collector; Miss
Burkhead, stenographer.
RALEIGH SAVINGS BANK.
The stockholders Of the Raleigh Saw
ings Bank met at 3 O'Clock, and the
following directors were chosen: w. G..
Stronach, n. w. West, julius Lewis, G.
Rosenthal, V. e. Turner, A. B. Stron.
ach, J. f. Terrell, w. B, Hutchings and
I'll. Il. Litchford.
At the meeting of the directors Of the
Raleigh Savings Bank on yesterday the
following gentlemen were elected officers
of the bank for the present year:
w. @. Stronach, president; G. Rosen-
thai, yice-president John T. Pullen,
Cashier; J. 0. Litchford, teller; w. b.
Snow, attorney.
The following gentlemen were elected
upon the investing committee:
V. r. Turner, Julian Davis, G. Rosen-
thai, w. G. Stronach.
Several weeks ago a semi-annual divi-
dend of per cent. was declared by this
bank.