The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-01-13
ATLANTIC NATIONAL BANK
The Annual Meeting Of the Stockh0Id-
ers Held Yesterday-The Offfcers Re.
elected-The Footing Over a Million
DOllara

Dollars
The stockholders Of the Atlantic
National bank held their annual meet
ing at IL m yesterday.
The meeting was called to order
promptly, and upon motion, Colonel J.
w. Atkinson was requested to act as
chairman, and Mr.. c. e. Taylor, Jr.,
was appointed secretary.
The chair appointed Hon. John d.
BeIlamy and Messrs. William A.
French and A. David to act as a COM
mittee on proxies. After count, it
was found that 800 shares were repre-
sented In person and by proxy out Of
1850.
The secretary read the report of the
last annual meeting, which was
adopted.
Mr.. Norwood, the president, read his
annual report, as follows:
ITO the Stockholders of the Atlantic
National Bank:
"Gent1emen-The following statement
places before you the condition of the
Atlantic National Bank at close of
business, December 81, 1898:
RESOURCES.
Loans ............ ...........$ 66s, 252 05
Overdrafts .......... ....... 2,591.74
u. s. Bonds Cat par)........ $500 90
Banking House and Fixtures 10, 1000 90
Due from Approved
Reserve Agents. $266, 919 So
Due from Other
Bank -. l.. . -. 1872, 466 OF
Cash on Hand. go. 131, 7S7 56-$581 1873 Is
Total 81, 1852, 626 81
LIABILITIES.
Capital .......... ............s 125, 900 90
Surplus and Undivided Profits "a, 916 O9
Circulation 49,. ...... ...... AZ, $50 90
Deposits of q. s.
Treasurer L. +. $50 OOe 90
Deposits from Other
Banks &. -. . 49,. 230, 154 Sc
Deposits from Indi-
viluals 49,. -. 821, COG 22-1,1 01, 760 SO
Iotal $l,352,b go ~
"The net profit to stockholders dur
ing the past year has been $40, ST. 3,
or 1882 per cent. The policy of your
board has been to carry all assets at as
near acual value as possible, and not
to exaggerate apparent profits. Mem
bers of your board familiar with all
securities in the bank are willing to
Qdy OOOh value " duy SlOCh DIS HILL
Gated by above statement.
From the last day of December,
1897, to the last day. of December, 1898,
our deposits have increased $685., 1886. 3d.
from 1892, 923.5 5 to 81, 101, 1905 The
growth of our deposits during the past
twelve months has been greater than
in any other one year of our existence.
This growth is due in part to special
deposits made the latter part of De-
cember, which will be temporary, and
partly to the business growth and pros
perity Of our city and community,
which we hope will be permanent.
THE board invites all stockholders
to feel free at all times to make sug-
gestions, having in view the improve
ment of our business. The most effect
value OF his stock lis for him to help
the bank attract valuable business.
Respectfully submitted,
81. w. NORWOOD,
president
Mr.. Samuel Bear, Jr., moved that the
report be received, and a copy spread
upon the minutes of the meeting, and
the motion was adopted.
The following directors were unani-
mously elected for the ensuing year
Messrs. J. w. Norwood, D. l.. Gore, S.
p. McNair, E. J. Powers, J. S.. Worth,
G. w. Worth, w. E. Springer, H. L.
Vollers, p. L. Bridgers, G. A. Nor
wood and H. B. Short.
After remarks from several stock
holders, all of whom expressed them
selves pleased witt the banks progress
for the past yea and hopeful for the
future, the meeting AUTOMATICALLY
Messenger, January 18th.