The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-08-24

and fall IN the temperature of the day
and season, so the bank indicates the
depression or buoyancy of the business
of 4 city. The Banking and Commercial
interests of a place are mutual, one be-
ing dependent upon the other. | may
quite aptIy cite the human system as
an appropriate simile to illustrate the
relationship between the bank and the
city. The bank may be likened unto the
heart, and the cash which continually
fiows back and forth between the bank
and the people unto the blood that cir
culates through every artery at each
pulsation, and thus keeps alive the hui
man body which would otherwise become
iIlaHimate and dead.
There is continual current of cash
flowing from the banks through all the
arteries Of trade day in and out, winch
is their sustenance and support, just as
the blood from the heart constitutes the
vitality of the human frame. The pres
ence, therefore. of live, substantial
bank in a city is an indication of a pow
erful lstFlsation, plenty Of cash permeat-
ing the entire commercial system, and
a Iealthy condition of every branca Of
BIZ siness.
The Commercial and Farmers Bank
is one of the great hearts of the COM
mercial. manufacturing and agricultural
bodies of this city and State. What a
history of success is connected with the
institution, which has been fostercd with
conservatism and built up by the acu-
men and ability Of a management that
deserves to rank with the leading fin
ancial element Of the South. The Bank
commenced business September 30, 1881.
The Bank occupies spacious quarters
in its own handsome three story brick
building. on the corner of Wilmington
and Martin streets. The interior equip
ment and appointments are superb. The
floor is handsomely tiled and the furni-.
ture massive and in keeping with the
progressive ideas OF the management.
The Commercial and Farmers Bank
have undobtedly the largest and hard
soonest vault in the State. This concern
is 12x1S feet in dimensions, made OF
stone cement and steel bars, and is as
absolutely fire and burglar proof as can
be made. 1t has Il double time lock on
the outside doors as well as the inside,
and is divided into two compartments.
The inner contains the cash and effects
o. the bank, while the outer department
contains a number of safety deposit
boxes. in all some 300, varying in size
from the smallest Jx14 inches, to the
largest. 12x24 inches. These are in
great demand not alone locally but are
used by people from the adjoining towns.
The bank transacts a very large lcgi-
innate banking business, such as receiv-
ing deposits, negotiating loaus, buying
and selling exchange and includes a geri-
era1 collection department. Among their
principal correspondents, | mention The
Hanover National and The Western Ma
tional Of New York: The Central Ma
tional of Philadelphia: The -xchange
National; The Third National and The
Commercial aud Farmers Bank Of Bal
timore; The Merchants National, The
City Bank of Richmond; The National
BanA of Virginia, ard the Citizens Ex-
change Bank of Riclralonl. The Norfolk
National, OF Norfolk; Virginia, and The
Riggs National Bank Of Washington, ID.
G. The officers OF the Bank are as
follows:
j. J. Thomas President.
Aft 4. Th0nlpson Nice-Iresident.
b. 5. Jerrnan- Cashier
IL. w. jackson Assistant Cashier.
Hon. James u. Shepherd attorney.
THE DIkE.l ORS:
j. j. Thomas, Of j. j. Thomas 81 Co.,
Commission Merchants and Warehouse
men.
ALI, A. Thompson, of Johnson &
thompson, Cotton Merchants.
Carey j. Hunter, Supt. Union Central
Life Insurance Company for the Caro-
.linas and Virginia.
II. Il. Raney, Proprietor Marlborough
llouse and General Agent Penn Mutual
Life Insurance Company.
I'hos. III. Briggs, Of Ihos. III. Briggs 81
Son, Hardware Dealers.
Joshua Il. Hill, of j. II. Ferrall & Co,
Grocers.
James +. Shepherd, Of Shepherd K
Busbee, Attorneys-at-La
A. Il. Page, retired capitalist.
Ashley Horne, Of Ashley Horne q
Son, Merchants and Cotton Shippers,
Clayton, n. q.
Hon. Fred Philips. retired capitalist,
Tarboro, Y. G.
George W. Watts, director American
Tobacco Company, Durham, y. c.
Benz. y. Duke, Director American To
bacco Company and President Fidelity
Bank, Durham, n. c.
John w. Scott, retired capitalist San
ford, N. c.
H. A. London, Attorney-at-L Law, Pitts
boro. y. G.
Now glance at the statement:
RESOURCES.
Loans and discounts 1884 ,96S.16
y. G. Bonds and Investments, 81, 409.74
Cash in bank and Vault. 151,01914
Total SOL .457.64
LIABILITIES.
Cash capital paid in ... .$100.00000
Undivided profits and surplus, 81 1862. Al
Deposits subject to check. 41S.495.17
Total .................. SOL ,457.Gi
The nrogress of the business haS kent