The San Angelo press. (San Angelo, Tex.) 1897-1907, 1902-07-16

Such is the inscription appear
ing on the highly polished white
stone at the southeast corner of
the new bank building, under
course of construction at the cor
ner of Chadbourne street and Two
hig avenue. This inscription and
stone, with the building of which
it forms a part, will stand for
years as a monument to the en-.
terprise of the officials of that in
stitution The San Angelo Ma
tional Bank is recognized as one
of the strongest financial con-
Germs in this part of the state and
when this building is completed
they will have a home common
surate with the requirements of
their business, and of which any
concern might be proud.
The structure will be two stories
in height, modern in design, and
equipped with the best known fa-
cilities for the convenience and
protection of the extensive bust
ness entrusted to its care. The
main building will be a combina-
! ton of stone and brick, forming
a pleasing appearance and making
it most substantial in its nature.
The interior finishings and deco
rations will be the most artistic
and serviceable that can be pro-
cured, and when completed will
constitute the prettiest building
in the city The building, exclu-
sive of ground, will cost about
SIG, 200 and the lot is valued at
So, 900, making a total investment
of go, 900.
The corner stone ceremonies, as
indicated in the last issue of The
, Press, were simple and void of
the usual display. Vice President
G. w. Hobbs deposited the tin
box in the corner stone at B o.
clock, Friday evening. He was
begged to make speech, but ex-
cused himself and put 'em up"
to those present Mr.. Hobbs was
assisted in laying the corner stone
by Architect F. w. Crosby of the
firm of Barnes & Crosby at Dallas,
who prepared the plans and spec
itications for the building, also
by August Balfanz, of Veazoy &
Balfanz, of this place, who have
the contract for its construction.
AS conclusion to the exercises,
a keg of beer was "tapped" as a
donation to the contractors and
workmen, with the compliments
of the bank.
AS previously announced brief
history of the bank, among other
things, was deposited in the box,
of which the following is copy:
Brief History of the Bank.
Articles of association for the
purpose of organizing the San
Angelo National Bank were drawn
up on the 22nd day of June, 1884,
and were signed by the following
parties: VIM. f. Ellis, H. EN-
erick, L. Schwartz, w. G. Harris,
Norman G. Lull, Jno. R. Naswor-
thy, J. n. Upton.
Authority to organize the San
Angelo National Bank was re-
ceived from the comptroller July
30, 1884. The first meeting of
the stock holders was held on
August ID, 1884 and the follow
ing directors were elected: VIM,
E. Ellis, H. limerick, J. w. John
son, j. L. Millspaugh, Louis
Schwartz, RIB. Sanderson, W. V.
Richards, Jas. Upton, and w. S.
Cunningham.
At meeting of the board of
directors on August is, 1884, the
following officers were elected :
R. B, Sanderson, president; II,
limerick, vice president; VIM. f,
Ellis. cashier; Norman Z. Lull,
assistant cashier. At this meet
ing the directors decided to pur-
chase, for the consideration OF
$500, what was then known as
"The Nasworthy Saloon property
27x100 feet, on Concho avenue
together with the building there
on, as n site for the bank
On the first day of October,
1884, the reorganization Certifi.
cate" stating that the capital OF
the bank should be $55, 900, was
signed by the following stock
holders and forwarded to the
comptroller of the currency: J,
w. Johnson, H, limerick, Jos. G,
Raas, Louis Schwartz, r. B. San.
derson, Peter Mckinley, Herbert
Howard, w. S. Cunningham, F,
G. Lungkwitz, VIM, f, Ellis,
Norman G. Lull, j. l.. Mills
paugh, Frank Lerch, r, w. Ian.
drum, Louis Levy, R. Rockfert
Wade, Elisha Bates, j. N, Upton,
w, V. Richards, Jos. Spence, Jr
S. L. S. Smith, Penrose N. Ions,
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