Rock Island Argus., 1902-06-16
KINNEY TO THE FORE
AS A SOUTHERN FINANCIER

The following is taken from the
New Orleans Democrat:
-. w. Castles. president of the
Hibernia National bank, was yester-
day elected president of the Southern
Trust and Banking company The
board of directors held its meeting
in the afternoon and unanimously
elected Mr.. Castles, who will begin
his new duties today. besides contin
uiRg To act as president of the Hi
bernia National bank.
''Mr. Castles, as was announced
few days ago. will be president of the
Hibernia Trust and Banking com
pany when that new institution is
formed by the amalgamation of the
Southern Trust and Banking com
pany and the Hibernia National bank.
The other active officers in the man
agement of the bank will he +. j.
Kinney, who will be elected acting
vice president, and Charles Palfrey.
who will be made cashier.
Mr.. Castles was born in Polk
county. Texas. He spent most of his
early business life in Waco. being
engaged in the mercantile business
there. He came to New Orleans in
1890. and bought out the wholesale
grocery business of Philip Thomp-
son. In 1892 he was elected president
of the Southern National bank, and
in May. 1893. he merged. that bank
into the Hibernia National bank. and
became president of the Hibernia
National bank. At that time the de-
poSitS of the I1ibernia were S1,250.-
900, its capital 100000. and surplus
$4,000. Today its deposits amount
to nearly $6.OOO.OOO. and it's surplus
to S7OO,0OO. In addition, handsome
dividends have been paid to stock
holders
~. j. Kinney is about 35 years of
age. born AT Blackhawk, Col. March
%, 1865. He engaged in the banking
business with the firm of Mitchell d
Lynde, Rock Island. ILL.,, at the age of
Is years. and remained with that
firm, occupying positions from run
ner to that of paying teller. He
served i'm the latter capacity until
1900. at which time he received ap-
pointment as a national bank exam
iner. his work being in the states of
Pennsylvania, Iowa and Missouri,
until the Iall of 1902. at which time
he was transferred to the southern
district, comprising the states of
Louisiana. Mississippi and Arkansas,
occupying that position until the
present time. He is personally
known to nearly all the bankers in
these states, and this especially
equips him for his new position as
acting vice president of the Hibernia
Bank and Trust company, and he
now casts his lot and home i'm New
Orleans.
Charles Palfrey belongs to one of
the oldest families of New Orleans.
He was born here Dec. Is. 1899. After
serving through the civil war in the
Washington artillery. Army of North
ern Virginia, he returned To the city
and took up mercantile pursuits. He
was elected cashier of the Hibernia
National bank March l. 1882, and has
served in that position ever since,
being with the bank from its start,
and seeing it's business increase
many times over. Mr.. Palfrey is a
son of Robert j. Palfrey. who was
cashier i'm the same building now oc-
cupied by the llibernia National
bank for - years. 1t was first the
City bank, and then a branch of the
Louisiana State bank, both banks
occupying the premises. Mr.. Pal
frey's family has always been identi-
fled with the banking interests of
New Orleans.
Mr.. Castles, who will be president
of the amalgamated banks, is man
of strong convictions as To the re-
sponsibility of banker and his prov
ince as a factor in the proper devel-
opment of his community"