The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
Secy's Report
By G N. Evans Secre-
tary and Treasurer.
More Banks Chartered by
General Assembly of
1903 Than by Any
Previous Body.

The following is the report made to the
State Bankers Association by Mr.. G. N.
Evans, cashier of the Merchants and
Farmers National Bank of Charlotte, at
the annual meeting of the State Bankers
Association at Wrightsville, Wednesday
and Thursday, June gath and 25th.
THE SECRETARY'S REPORT.
Wrightsville, N. c., June "a 1908,
Mr.. President and Gentlemen of the
North Carolina Bankers Association:
| have the honor to submit herewith
my annual report, covering the opera
tons of my office for the past twelve
months. The duties OF this ofiice have
been discharged to the best of my ability.
The correspondence, comprising about
eight hundred special letters, and some
two thousand circular letters, books,
pamphlets, etc, has been promptly at
tended to, and the records of all business
meetings OF the association, and its COM
mlttees. are properly recorded.
The Executive Committee has been
called Tor two meetings tins year. One
was held at Greensboro, December 18TH,
1902, and it was attended by seven Of
the nine members. The other meeting
was held at Charlotte, March 18th. 1893.
and was attended by eight OF the mem
bers. IN this connection, 1 take occasion
to state THAT the sessions OF this commit
tee We're characterized by careful effort
upon the part OF the different members
to improve, and build up the strength,
efficiency, and general welfare OF the
banking interest in North Carolina. A
reference to the minute book of the asso.
citation, which / have upon my desk, Will
convey to the most skeptical, the I'M
portance OF this association, and the prac
Ilcal benefits derived by not alone its
members, but as we'll by every bank in
North Carolina.
1t gratifies me to state that, ia the
past year, banking has taken a great
impetus IN the State. More banks and
banking institutions were chartered by
the General Assembly of 1903 than by
any previous body and those who have
opened Tor business show reasonable sue
cess. This Legislature also enacted some
important changes. and additions to the
banking laws. These laws viii be found
interesting to any banker who will read
thNhAs anu LCGhGlHS thiSs yOdi SSSlCld4
cndeawored to procure from the executive
offices. at Raleigh. pamphlets containing
the various changes, as well as the new
laws, with a view to distributing them
among the different banks Mr. II. c.
Bronx, Clerk of the North Carolina COZ
poraIion Commission, advised me that
he was unable, at the time | applied. TO
secure the copies / notice, however.
~ - L. g
April 9Th. 1903. he has printed the new
laws In full.
1t will be interesting to note the fact
that the amount OF capital employed III
this State has increased since July, 1902,
in the sum of more than one million, six
hundred thousand dollars The combined
assets of State banks, private banks, and
trust companies alone shows at present
an aggregate of nearly twenty-five mil
lion dollars Adding to this the assets
OF our National Banks. about eighteen
million dollars, gives us grand total
of forty-three million dollars banking as
sets in the State 1t might be added,
parentheticaly, that these resources are
usually kept actively employed. At this
time there are one hundred and seventy
seven banks and trust companies in North
Carolina, and one hundred and twenty
five of them, or 2 per cent, have this
year paid membership dues to this asso
citation. This represents an increase in
our membership for the present year OF
thirty four banks, or 81 per cent. With
reference to this membership it is proper
to state that there are a few banks in the
State whose purpose is doubtless to APP
pear, and remain members of this associa-
tion, but whose remittance for dues have
not yet been received by me, hence I'M
der the bylaws Of our organization they
cannot be included in our official list CT
members These banks are urged to send
their remittance forward. 1t might be
mentioned further that several new banks
have communicated with me their pur
pose of joining the association with the
beginning of the new fiscal year, Au-
gust list.
Respectfully submitted.
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