Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-09-21
THE OFFICERS ARE CHOSEN
those Agreed Upon Some Weeks AsO
Are Elected.
CO.'S 1vro EFFECT NEXT WEEK,
,.,.c UusincsS 60 he Conducted in the
National Bank of virginia Buiid-
fnr-Thc Richmond National Bank
1vccts officers.

~a plans under which the National
,... " Virginia and the Citizens Ex-
.-.-.. Bank are to be consolidated have
,r reflected and the National Bank OF
,... with half a million dollars cap
4.t .rI deposits 10 the amount Of mill
... ... half. viii begin business early
,..- weeks under the new regime.
r..-. George l.. Christian, for a num-
,.-.t years president of the National
r.-s ot rginia. will continue as presl-
..-. % The consolidated bank; Mr.. W.
81 Hll-ton. for two years the president
cf.. citizens Exchange Bank, viii be
,.-... sident and executive officer; Mr..
r A sands. at present cashier of the
a. 1s' Exchange Bank. viii be cashier
al, te consolidated institution. and MIR.
d. Morton, at present assistant cash
!-.c the National Bank Of Virginia, viii
Hnue in that capacity.
All of this was agreed upon by the di-
s, Tors of the consolidated banks at
cling held at the Citizens Exchange
l..k yesterday afternoon. and the off,
OFT named above were duly elected. \
-.-s majority of the directorate were
present.. and as soon as the meeting was
...n.zod the designations of Judge
Christian. Mr. j. W. Lockwood, the CASH
ir uf tha National Bank of Virginia, and
o.. the other officers were read. The re-
s-auous were an accepted, and all We're
reelected save Mr. Lockwood. who IS to
become y.ce-president Of the Richmond
N.l.na, Bank.
TIE BANKS OFFICERS
Juie. George l.. Christian. who was re-
elected to tac presidency of the bank, is
one NJ rle lest-knOwn lawyers in Viz
-lI.. and as president OF the National
I. Ot Virginia for some years has
t.I. ---ut rank in the financial world.
j. .uted 10 continue in tho presi-
l..-g ol tle bank, but his legal business
being SO Nacung, he will leave the ac-
tive executive work To Mr.. W. VI. Hablis-
-.a The yice-president, who will also be
"a. man Of the Executive Committee.
r Hablston is one of the most prom
g. Young men i'm Richmond's financial
lr.s He resided for a number Of years
- petersburg. where he now holds the
tI.e ~ vice-president Of the National
projectors OF the Richmond, Petersburg
a.. Carolina railway; was vice-presdent
ar. general manager o. the Richmond
'r .uon Company. and on January j.
- accepted the presidency Of the Citi-
z.us Exchange Bank.
AIR. Sands. who will succeed Mr.. Lock-
wood as cashier. has been identified with
Richmond banking institutions since 1882
when DE entered the service of the First
National as runner lie subsequently be-
came general book-keeper there and last
year he was made cashier Of the Citizens
Exchange Bank.
Mr. q. s. Morton. who will be Mr.
Sands assistant has been with the Ma
tional Bank of Virginia since 1861, having
entered the service of that bank while
dis father was cashier.
THE time limit for stockholders I'm the
National Bank Of Virginia 10 declare
their intention 10 insist upon their legal
r-ht TO a pro rata share of the new
stock % be issued, expired yesterday, and
there are now no obstacles i'm the way OF
OBJ. consolidation.
Ile date when the consolidation is 10
become effective has not yet been def
IteIy settled. but il Will be some time in
Oh. near future.
The New Bank TO open.
THE directors of the Richmond National
UE soon 20 be started here. met yes
t.r.ar. and formally organized with MI
Oliver a. Sands late bank examiner for
r.Is district, as president; Mr.. j. w.
lockwood. vice-president; Mr.. J. w.
lockwood. Jr. as cashier, and Mr. New
g. .n lockwood. as teller
Tlr work on the vault being built for
'He new bank is progressing rapidly; the
0.Hork 20 be placed in the interior is
... completed. and the officers hope TO
.w le bank Open for business soon
october 1st
1. ads. the president-elect, is in the
0-r and was present az the meeting yes
E Nearly all of the stock Of the
. been subscribed for