The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-07-01
REMARKABLE RECORD

OF the Natione Exchange Bank OF
This Clty-I,eadS al NationaI Banks
in the state d Deposits and General
Strength.
Having passed through some vicissl-
tudes and coming out with clean
bill Of health, ne following notice Of
the Natolal Exchange Bank, Of
Wheeling. in the New York Commercial
and Financial World will be read not
only with pridsi but satisfaction by
loyal wheehngites, The paper snys:
Some remarlably Interesting figures
are contained n the second REPORT
made to the comptroller Of the cur
reney by the National Exchange Bank.
OF Wheeling, W. Va. This Is an insti-
tuition which took on the national form
on January ], 1854, after having made
long and honorable record under the
state law under the htle OF the Elk
change Bunk. II u an institution whose
history dates back to 1871 It Is now
No. 5Ie4 on the toficial Roster nf ma
tlonal banks q Washington, and al
ready It leads ~ the national banks
OF the state OF West Virginia In the
matter Of deposits and general
strength. Il repoIts capital Of $780,
900, a suprluS flIud Of $4,000, and indI-
vidual deposits Of q, 20l, 900, with loans
and discounts Of Sl13,377. these figures
being OF the data Of April s, 1893.
THE above total as to deposits is
more than St00.o0o ahead Of any other
national bank IN the state. It is proper
to say that the taking on Of the ma
tionnl form did not involve any change
in the active management. Mr.. ]. ".
Vance Is the president, as for many
years past; Mr.. John Frew, vice presi-
dent; Mr.. Lawrence q. Sands, cashier,
and Mr.. w. B. Irvine, assistant cashier.
1.-THE board Of directors Is made up
as follows: J. N. Vance. president Riv-
ersIde Iron Works; John Frew. buSi-
ness manager fnt1lligencer; John Wa
terhouse, Of WatsFhouse Bros, whole
sale grOcers; George 3. Sifel. of g. E.
Stifel & Co., dry goods: William Ell
bingham. OF Neil & Ellingham, whole
sale grocers; William n. Frank, mer-
chant tailor; w. D. Stone, OF Stone &
Thomas, dry goods; John NJ. Brown,
capitalist, and John L. Dickey, physt-
clan.
"of the Officers Il may be said that
President Vance e without doubt the
right man in the right place-a man OF
large wealth and most honorable reput
ton, while Cashier Sands is one Of the
best posted and most popular fnanciers
OF the south he has been Identified
with the banding business since 1877. !
and has won golden opinions from evil
erybody by reason OF his genial and
yet business-like way and thorough
efficiency. BE mas been with the COM
pany since 1884
''The old bank always held high
place among the financial concerns OF
the south, having passed through many
trying seasons with credit and stability
mistaken, and throughout It's entire ca
reer has exeFted most salutary intiu-
ence In connectio with the develop
ment OF the commercial and financial
interests OF both city and state, and
as II is only the conservative institute
lions that last IT. long existence proves
the wisdom, ability and integrity which
have been brought 10 bear in the man
agement Of Ii AFFAIR."
Its board % directors Is as strong
and solid a body 0f men as could well
be gathered together ID any state In the
union. and may be safely relied upon
to guard the interests Of stockholders
and deposltors, and whose Identification
with any given enterprise assures
sound and successful conduct.
"The National Exchange Bank con-
ducts all the departments Of legiti-
mate banking business, including the
negotiation Of loans. the reception Of
deposits, the issuance of notes, drafts
and letters Of credit. It takes COM
mandIng stand With relation to dis
count and exchange business and in
the effecdEg Of eollectlons. Its prog
perlty rests upon a solid foundation,
and the success Il has recorded In the
past may be regarded in the light Of
both "A guarantees and prophecy as
to what its future win be, under the
wise supervision and able direction Of
the above named gentlemen"