Sistersville daily oil review. [volume] (Sistersville, W. Va.) 1902-1905, 1903-01-06
paid dividend of 8 per cent. Not
, nenny's worth of This stock has

a penny's worth OF tn,s stocH mas
beeu sold to either the Tyler Coun'
ty Bank or the First National bank
but some people who have stock in
one or the other or both of these
banks have bought some of the
stock. Some stockholders In the
Farmers and Producers bank have
also bought stock Others who
have Lo stock la either bank or
any bank here have bought some of
this stock of Mr.. Mccoy. Was 1t
best for Pittsburg people who do
not live here, never intend to, never
will invest a penny here to own
this stock or Is 1t not better for our
own home people to own 1t and
keep the dividends here? We think
there can only be one answer to
this question and that Is 1t Is best
for home people to own 1t. Later,
we will publish list of the stock
holders as they are now which will
verify this statement. We know
there was to be no change In the
management or policy of the bank.
Every officer was to be retained
Just as they are except the presi'
dent who was to be supplanted by
some other stockholder. This Is
true as anything can be.
Not that the present president
was not honest, capable or
competent but because they
who owned the majority of the
stock wanted change. In other
words, wanted to be president
themselves. But this arrangement
was all knocked sky high by the
present officers of the Farmers &
Producers National Bank solicit
Ing subscriptions for and starting
the Peoples National Bank. This
they have done and all have volun
tarialy resigned their designations
to take effect January the 18th,
They will open their new bank In
few days. This they have per,
feet right 10 do and Will no doubt
make money improve the city and
make hot competition. That will
not be so good for the banks but 1t
will be good for the people and the
city. We do not oppose new
bank or dozen of them but we
have tried to get our capitalists In
terested In other things, Simply
this and nothing more. Banks are
all right. They all love to have
heavy deposits free gratis for moth
ing. Some people love to hold an
Office In bank. Banks are per-
tectly willing for new firms to en-
gage in BUSINESS here If they will
deposit with them, charge nothing
for their money and let 1t lie In the
banks for years and they will say
nothing. They also love to have
you borrow from them at E per
cent trippled few times. They
are all willing to loan you money
on good security. If you get hard
run for cash they will take great
pleasure In turning you down ard
letting you go elsewhere TO do bust,
ness. They are about the coolest
blooded arrangements on earth.
We have sught against any of
them. All of them will loan US all
the money we want if we have
good security, otherwise they have
no use for US. We believe the new
bank will make money, In fact, We
know it will. It has new men
among It's stockholders We hope
the banks will all prosper and grow
rich and that in time they will
dwell together In harmony.
We know who the officers of the
new bank will be, they are the
same gentlemen who have been
running the Farmers and Produc-
ers National Bank. The new men
who will manage the Farmers and
Producers Bank after January the
18th have been selected by the
stockholders owning majority of
the stock In the Farmers and Pro
ducers Bank and will be elected
next Tuesday. The president will
be Henry W. Mccoy who has re:
signed his position as director OF
the Tyler County and First Nation.
al Banks In this city. He owns
over two hundred shares Of the
stock, Is a MN Cf considerable ex'
perieuce and will devote Dearly his
whole time to work for the Farm
ers bank. No one can question his
honesty or capabilities to fill the
duties. The vice-president will be
George E. Work our present post
l. ,~~I n~aH k1nEs