The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1903-06-09
CHARTER is EXTENDED
Corporate Existence First Ma
tionaI Bank Extended Twenty
Years.

the FlEsL y atIOnAA bhUks VI w ANA
hachfe, with a capital stock of &c.,
100, was authorized to begin bnsi-
ness under the national banking
laws.
June ;, 1903, after a searching
special animation of its condition
and affairs, the comptroller of cur
rency, has, under the law, extended
Its corporate existence to June ),
1928.
Under the laws permitting the or
ganization of national banks no
such institution can be chartered
for "A longer period than twenty
year. At the expiration of that
time, il can, after a thorough in
spection of its affairs by special ex-
aminer, if found satisfactory, secure
an extension of its charter for
twenty years.
The second paragraph of this ar
ticle carries the news to the many
friends and patrons of the First
National that 1t has been found
worthy of the renewed confidence
Of the fiscal department of our na-
tional government. After these
twenty years it's not amiss to take
a retrospect tive glance OF an institu-
that has been so closely connected
with the material growth and finan-
cial interest of the city.
At the organization in 1883 the Of
ficers and directors were Capt. NJ
T. Patrick, president; J. Farley
vice-president y. A. Mcmillan
cashier; w. ID. Sims and b q. Con
nor. The certificate Of capitaliza-
tion, organization, etc, was made
before o. +. Dunlap, then county
judge. The first change In the direc.
tors came Feb 9, 1856, when DR.. b
g. Connor was elected vice-presi.
dent TO succeed J Farley. At the
same time w. II. Jones was elected
director in place of Mr.. Farley.
February Is, 1857, there was an
other change in the directorate anc
4 officers as follows:
| c. w. Gibson was elected cashier
TO succeed n. a. Mcmillan, who
had resigned To accept the cashier
ship of the National Exchange
| Bank at Dallas. B. Il. Moffet, X
NJ. White aud II II. Dunn became
members of the board of directors
July ?, 1889, Capt. Patrick resigned
the presidency and was succeeded
by G. w. Gibson. r. q. PhillipI
succeeded Mr.. Gibson as cashie
and Il. NJ. White was elected assis
tant cashier, succeeding j. p. Bur
roughs. On February Il, 1884 tn,
capital stock had been increased t,
81, 900 and on January 4, 1890, |
was increased to $1,000 Januar,
Ia, 1891, H. H, Dunn was electet
vice-president to succeed ID. Connor
January Il, 1892 DR.. ID. G.. Thomp
son was elected to the directorate
and on July 8, of the same year r
q. Phillips was made q director sue
ceeding w. ID. Sims, deceased
March, 1893 DR.. h, p. Sweat wa
elected director TO fill the vacanc.
caused by the resignation of K. Nj
White.
Mr.. Phillips resigned as cashie
Ia February, 1896, and Osce Good
win was elected to the position o.
10th day of the same month. Jun
q following Mr.. Phillips resigne
rs director and Mr.. Goodwin too
his place in that capacity. No 9th
er changes were made I'm the official
of the bank until April IL, 1900, ex
cept the election on January l.
1895, of DIR. II. =. Sweat as vice
president, succeeding Capt. II. II
Dunn, deceased. On April II, '90(
Mr.. +. A. DuRose was electe
cashier, succeeding Mr.. Goodwin
The other officers remained th
same. During all these years th
bank has retained the friendshi
: and confidence of the business con
munity and the men in charge {
/ its affairs were recognized as abl,
/ progressive business gentlemen.
/ On March ., 1901, by the sale of
T large part of the banks stock
+ other parties a complete new set I
J officers came into management I
! It's affairs. Did We say new? Wei
: yes, new and not new. Capt. NJ.
} Patrick, who was the first presiden
, came back to that position and Os'
! Goodwin returned as cashier. NJ
J. w. Singleton succeeded ID
I Sweat as vice-president and Car
Patrick, II. ID. Timmons,p. w. 81
: gleton and r.. X. Erwin became q
, rectors. DIR. ID. q. Thompson
the old board alone remained wi
the new regime.
II One remarkable coincidence
that after twenty years, the sar