Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-06-23

me rumor which gained currency In
tuancia! circles several days ago TO the
erect trat the National Bank Of Virginia
and The Citizens Exchange Bank Of this
city would consolidate under one manage
,1cnt seems TO have had very good fohn-
cation.
The indications are that the two insu-
,utons will be consolidated in the near
nuhe. Negotiations to that end are in
r-.sress. with bright prospects of an early
animation.
committees from the two banks. con.
e-urg OF Judge George L. Christian, pres
..rt. and Messrs +. a. Cary. II. r. FL
tyson. and r. 5 Bosher. representing the
directorate Of the National Bank Of viz
era. and Mir. W. NJ Hab'iston, president;
o. 3d. Capers. B. Il. Wexford, and r. G..
Heyaolds. from the directorate Of the cit
.ze-s' Exchange Bank. have been engaged
.- the past two days examining into the
financial condition Of the two banks.
LOOKING INTO THEIR AFFAIRS.
ON wednesday they spent many hours
al the Citizens Exchange Bank going
over the books. and yesterday they were
engaged until late in the afternoon in
vesugating the affairs of the National
Bank OF Virginia. At both institutions
exhibits were made in detail by the cash
icrs. and it is understood that satistac-
tory terms were arrived at whereby the
consolidation may be effected though. OF
course. the directors are not final in a
transaction of such magnitude. Before
the deal can be consummated the stock
holders of the two banks will have to
Iauiy the action OF the directors. and un-
ler the law a stockholders meeting can
got be- called under thirty days.
j. could not be ascertaned last night
whether the stockholders favor the plan
o. not. as the directors Of both institu-
uo.s were exceedingly reticent
WHAT THE PLAN Is.
j, IS uroe.stood. however, that the con-
s.t 10 effected under the charter
D .a, National Rank of Virginia and
th' -l. new bank will bear the namo
-re old. II is further stated, though
a' .-tlouitativcly, that Judge Christian
1851. continue as president, while Mr. W.
81 habHston, president Of the Citizens
.I.Af. VIII ne Uldut VIC" lltSlNtllls
chat An J. ". Lockwood, the cashier
ct The National Bank of Virginia, who
.as seen thirty years OF service in that
Institution. viii be superseded by Mr.. T.
is Sands. al present cashier OF the Ciu
Gems Exchange Bank. other changes will
.-cessarily follow. bat as to these, of
course. no conclusions have as yet been
reached.
The consolidation Of two such large
lanking institutions as the National Bank
2 Virginia and the Citizens Exchange
Bank means a great change in financial
circles IN Richmond. Both banks have
large capital and many Gepositors, and the
directors. il is understood, feel pretty
W,u assured that they Will lose none of
fl. customers Of the two banks, and
t.llze that under consolidation much
larger volume Of business can be more
o..editiously handled than heretofore.
Both institutions are in very prosperous
condition.
CAPITAL AND OFFICERS.
The National Bank Of Virginia has a
..tal stock Of $4,000. with surplus
., 5000. and Is differed as follows:
gorge L. Christian, president; r. r.
Ming vice-president; j. ". Lockwood,
ua.er: O. : Morton, assistant cashier;
GIL X. 5 Bosher 6. /. Christian; > II.
H.ees. II. r. Ellyson. +. +. No,ung'
-.lr. +. j.. Williams, and b. +. Alsop,
.rect0rs
The capital of the Citizens Exchange
nix Is $4,000. Mr. W. NJ. Habliston is
resident; r. X. Sands, cashier, ana the
directors are r. l.. Alfriend, b. Rand.
Wexford. T. H. Elicit, X. G Renno DIS,
John Addison. }. IA. Capers. j. w. Roth
,-t. W NJ. Habliston, u. Lancaster VIII
ans ". o. Noting. II. NJ. Vaughan,
and T. A. Davenport
New Bank to BE Opened.
The Provident Savings Bank which was
Chartered a few weeks ago, has organ
l.i. the minimum capital Of $4,000 has
Den paid up. and il will begin business
I.xt Monday The building No. 81 east
1laln street has been leased and is being
Itfed up for the purpose. The bank Will
I- exclusively for savings and trust
funds. and viii conduct collection sys-
f.w which H. entirely new here. Or. y
ltlesh is president of the bank; Mr..
John " Arlington. cashier, and the di-
-.ctors are Mcssrs Bev T. Crump
James Whittet. j. T.. Montgomery. Nor
..n H. Mills s. Galeski Hiram I. Gates,