The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-08-24
One of the Solid Financial
Institutions Of the State,
Liberal Yet Con-
sentative
MANAGE M ENT.
Has Placed In the Front Ranks, Large lndt-
vidl al Responsibility.

This bank claims the distinction OF
haing The first bank at High Point. 1t
was INCORPORATED In 1886 with n capita!
stock of $4,000 lit has seen High
Point grow from small village to be
4he Grand Rapids of the South. For
any community to make such rapid
strides requires business ability Of the
highest order, and n financial institution
Of money and brains to foster In
conservative way the building OF en-
terprises of such gigantic magnitude. But
all this has been done and now that the
smoke of battle has cleared away it Is
seen That the bank is larger and strong
or than ever and is issuing quarterly
statements that might be the envy Of
any bank in the country.
w. !. Armfield who has been president
of the bank since it was organized was
born and raised in North Carolina on
the Ilace upOn which he now lives. lie
il man Of acknowledged financial abil-
ity and Of the highest commercial in-
tegrity. Resides being president of the
bank he is the largest individual stock
holder Of the Greensboro National Bank
and has been director i'm this bank for
twenty three years. He Is yice~presi-
dent of the hank Of Randolph at Ashe-
boro and il a large investor OH his own
account in stocks and government bonds
and ii addition has large agricultural
interests.
Mr.. T. A. Lindsay, vice-president Of
the hank, is a man or fine business abil-
ity and has always been greatly inter-
ested in everything having for its object
the building up Of High Point He is
president Of the High Point Coffin and
Casktt Company and is also president
OF the Union Furniture Company, Il
secretary and treasurer of the Pepisles
building and loan association, one q the
most successful concerns Of its kind IN
the State.
Mr. f. VI. .Armfeld is the cashier or
the bank ana to him is largely due the
successful career Of the bank. He was
horn and raised where his great grand
father lived and died and whore his
father now Gives. lie was educated at
Guilford College and ut the University
of North Carolina. He possesses liter
AIRY talpnt Of a high order and has made
some reputation as n writer and reader.
He entered the banking business in 1883
and at that time was nade cashier
which position he still holds. He is
president fthe Peoples Building and
Lean Associations: vice-president of the
Eign Point Coffin and Casket Company;
president Of the Bank of Thomasville;
president Of the Bank Of Alamance at
Graham; director in the Bank Of Madi-
son: stakeholder in the Bank of Ran
dolph; director in the Union Furniture
Company and director in the Piedmont
Table Company 1t will thus be seen
that the men who guide the destinies
Of the National Bank of High Point
are mon of recognized abilities in the
financial world.
The bank is admirably equipped with
aQl modern appliances and fixtures, hav-
ing an absolutely fire proof vault and
burglar proof time lock safe-the bank
is also provided with safety deposit
boxes for the benefit of its customers.
STATEMENT MADE JUNE 10, 1899.
g1nt 600 4