The citizen. (Frederick City, Md.) 1895-1923, 1899-09-01
A PROUD POSITION.
The Citizens National Bank
of Frederick Stands High
Among the Roll Of Honor
Banks of the United States.

We have received from the
Citizens National Bank of this
city pamphlet containing a list
of the "Roll of Honor National
Banks of the United States for
the year of 1898, based on the of.
fetal returns made by the banks
to the Comptroller of the Cur
rency.
1t is with considerable pleasure
and pride that We note the high
standing of this institution in
comparison with the Others listed
therein, it being No. 115 out Of
361 entitled TO mention.
The "Roll of Honor" of the
National Banks of the United
States is table prepared by 1.-The
New York Financier" from the
statements made to the Comp.
troller of the Currency, the date
chosen being October, the state.
ments made then being published
in a large volume by the govern
ment. To secure a place on the
Roll Of Honor bank must show
surplus and undivided profits
equal to or in excess of its capital
Stock-that is, assuming the cap
ital to be one hundred per cent,
the profits and surplus must ex-
ceed that percentage In other
words Roll of Honor bank has
on hand, in the form of surplus
and profits, an amount larger
than its capital, A banks nu-
merical order on the Roll is based
on the percentage of surplus and
profits to capital.
On the 2Sth day of September,
1898, when the Comptroller of the
Currency submitted his last an
nual report to Congress. there
were 1855 banks in operation,
under National Charters. or
these only 36l are entitled to po.
sitiOns on the Roll. This means
that out of every 100 banks doing
business 80 are entitled to men
ton.
1t will thus be seen that the
Citizens National Bank, although
III existance only thirteen years,
has made gigantic strides and
stands to day one of the leading
concerns in the State and country.
LII 1895 it first entered the Honor
list with a rating of 225 in the
United States and Z in the State.
Now it is l15 in the United States
and ) in the State and | in the
city. Its undivided profits in
1898 were Sl5S, 1871 or a percentage
of surplus and undivided profits
to capital stock, October, 1898,
Sl5S.15. The percentage of gain
in surplus and undivided profits
for 1898 was $1,000. The capital
stock of the bank is $1,000
1.-The New York Financier,"
from which these figures were
taken, in its issue of August IA,
1899, speaks in most compliment
tary manner of this bank and we
reprint the same to show our
readers the wonderful progress
that has been made by the Cit.
zens' Bank since its organization:
The Citizens National OF Fred
erick, Md, has recently declared
its regular semi annual dividend
of 4 per cent, free of taxes. The
institution was organized in the
fall of 1886 and has paid ISL, 900
in dividends, while its surplus
and undivided profits have shown
a steady increase. The surplus of
the bank now equals its capital,
which is 800, 900. The undivid
ed profits of the institution are
S73, 270.72, gain of SIT, 742.SS
over last years showing, and
S4S, 1901 over that of 1895, the
year when it first became entitled
to mention in the Roll of Honor.
1t will be noted that the bank,
in addition to passing 10 Nation.
al banks in the United States, in
four years, in point of surplus
growth to capital, has advanced
also from the position of seventh
to third i'll the State. The two
banks which precede it, it is only
fair to say, are very much older,
having been organized in 1865, or
q years prior to the date when
the Citizens National came into
existence. The prosperity of the
Citizens National is even more
noteworthy when the fact is men
toned that it is the only bank
out of the five National institu-
tions in the city which at present
holds a place on the Roll of
Honor. That the youngest of the
five should have so quickly at.
tanned this distinction is Of itself
matter that needs no further
comment.
The growth of the banks bust
ness is due to the able and ener.
getic work ofits officers. The de-
pOsits are now 81, 612, 1889.
The officers are j. ID. Baker,
president; w. Irving Parsons,
vice president, and VIM. G.. Zim