Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1902-06-28
TWO CENTS
ANOTHER TRUST COMPANY.
Pittsburgers Have Organized
one at Morgatown, w. Va.

1t Has Capital Stock of $500, 900 and
Surplus of $500, 900, and win be
one of the Largest Financial Insti-
tntions in the State John Murphy.
Contractor and Banker, Is itsPresi-
dent-May Absorb Several of the
M0rgantown Banks.
Pittsburg capital is taking a promi-
nent part In new trust company at
Morgantown, W. Va, of which the
complete organization was effected on
Wednesday. The corporation, the
Federal Savings and Trust company
has an authorized capital of $500, 900
and surplus of 800, 600, and will be
one of the largest financial institu-
tions in West Virginia, says the Pitts
burg Times. It was chartered about
a month ago, and at the Organization
on Wednesday John Murphy, the
banker aud contractor OF Sheridan,
was elected president. Mr.. Murphy
is also connected with the Federal
National bank of Pittsburg, and Is
heavily interested 10 the Sharon Trust
company, which was also organized
during the early part of this week.
The other Pittsburgers interested
in the Morgantown company are w.
A. Roberts, president OF the Sharon
Trust company, and director of the
Federal National bank, and Chess
Bros. The other officers are; First
vice president, e. M. Grant, manager
OF the Union Gas and Water company
of Morgantown; second vice president,
J. p. Fitch, postmaster of Morgan
town; secretary, ii. l.. Swisher, presi-
dent OF the Acme Publishing company
Morgantown.
PROMINENT STOCKHOLDERS.
The officers with the following, con-
stltute the board of directors:
George G. Sturgiss, president Morgan
town and Kingwood railroad; u. III.
Courtney, president OF the Battelle
Oil company: ]. B. McGara lumber
dealer; E. G. DonleY, attorney: L. ).
Brock, president of the Bank Of the
Monongahela Valley; j. IL. Stewart,
in charge of the United States expert
mental station at Morgan lQw1: w
A. Roberts; e. W. Mcneil, insurance
agent; NJ. Hirschman, merchant; L. u.
Lazzelle, president Of the Morgantown
Bridge and Investment company, and
Ira e. Hall grain dealer, all of Nor
gantown. In addition an executive
board consisting of Messrs. Murphy,
Sturgiss, Grant, Roberts and Donley
was elected This board was chosen
withthesanction OF the directors.
Among the prominet stockholders
in the bank are: d. S. Ramsey, presi-
pent of the Hide and Leather bank,
of New York; W. j. Logan, president
Of the Rolling Mill Company OF Amer
lea, which is erecting 5000, 900 plant
at Morgantown; Jacob Meuer and
August Kuhual, of Brooklyn, N. Y,
and Henry Krug, Of Cumberland, who
are also interested in the rolling mill
project; George j. Humbert, OF Con-
nellsville, who is erecting large glass
factory at Morgantown; J. q. Burtz,
OF Connellsville, who is erecting an
automobile factory at Morgantown;
Frank S. Brockett who is erecting a
plate glass works at Morgantown; |.
c. White, West Virginia State geolog-
list, of the University Of West Virgin
la, and Chess Bros, OF Pittsburg.
At the meeting the executive COM
mittee was empowered to secure site
and erect thereon modern bank bull
ding to cost in the neighborhOod OF
about $75, 900. The company will be
gin business with the stock and sur
plus fully paid up, this having been
made possible through the stock being
more than three times oversubscro-
ed
1t Is possible that before long three
of the banks Of Morgantown may be
absorbed by the concern. Two OF
them already have representatives in
the trust company. The combined cap
ltal and surplus Of these banks is in
the neighborhood of $4,000