The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
Bank Of TarbOTO
An Institution of Great In
fIuence in it's Town.

The Bank OF Tarboro was chartered in
1895 with John r. Shackelford as Presi-
dent, Joseph j. Green as Cashier and j.
T. Howard as Vice-President. Besides the
officers the directorate includes tue names
of T. A. Virgins. j. A. Davis, W. B.
Battle, Ed Pennington, J. e. Cobb and w
Newton Smith. It's capital stock is $685.
10000, and at the close of business IN
April its surplus and undivided profits
amounted to $5,50O0O. The, bank is stu
ated in the King Building, OH Main street,
convenient to the leading business inter
ests, and in its community it is of the
greatest influence and perhaps stands
among the first banks in North Carolina
in aiding home Industries to firmly es-
tablish themselves. Yet it requires of all
that they proceed along conservative and
safe lines.
Cashier Joe j. Green came to Tarboro
in 1896 from the First National Bank oil
Nashville, Tenn, with which Bank he
Edu DGtH dSSDNldbCu lOl live ySdlSs A AN-
yious to that time he had been four years
with the National Bank of Franklin,
Tenn, which was his home. He entered
the National Bank OF Franklin as runner
ard climbed steadily until he thoroughly
mastered the banking business in that
town. From Franklin he went direct to
the First National Bank of Nashville, with
which bank he rose to the position of As
sistant General Book Keeper Mr. Green
is one OF the ablest young fnanciers in
North Carolina. 1t has been his life-work
and he is one of the most thoroughly post
cd bank men in the entire State. Though
the Bank is still young financial insti
tuition it has laid aside surplus and I'M
divided profits and every year has paid
dividend of per cent to its stockholders
another six being placed to the surplus
fund
The condition of the people OF Tarboro
contrasted with the condition five years
ago shows remarkable progress. Though
one of the oldest towns in the State, Tar
boro has in the past few years shown
such changes in it's business life as tc
class it almost among the new towns. A
remarkably progressive spirit has taken
hold of the people until today the situa
tion is such that new life is seen on every
hand and every business enterprise i:
Ia hors.
Of all are crowned We. success. The
city owns its own water plant and its
lighting plant, and both are operated sue
cessfully. Recently several large building
have been erected and these would be a
credit to the largest cities in North Caro-
lima. Financers from Baltimore and New
York have invested mucn money IN Tar
boro and surrounding country, and the
manufacturing interests, which are be-
coming so strong in tins section, receive
great support from the Bank of Tarboro.
This Bank is very popular locally, car
rylng one OF the largest lists OF accounts
carried by any bank in the State when
the population of the town is compared.
Interest is not paid on deposits, the Bank
combining itself strictly to the regular
banking business. BY its conservative
methods and its endcavor to aid all
worthy and reliable concerns, the Bank
of Tarboro has established itself so firm
| ly in the confidence OF the people that it
is looked upon as the best friend of every
| legitimate enterprise. The Bank con-
sistently refuses to act in the capacity of
promoter, yet lends such aid as to en-
courage every industry to establish itself
in the city OF Tarboro.
Probably no town in the South affords
such opportunities for the home-seeker as
| does the City OF Tarboro. 1t is one OF
the beautifully laid out towns OF Eastern
/ North Carolina, attractive in appearance,
wellkept throughout the entire year. gov
crned by such stringent laws as guarantee
protection TO all classes and offering in
dueements to the newcomer It's bonded
debt is s62, 100000 and the tax-rate is so
cents on the hundred, with special tax
of 25 cents additional.
- W.