The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1905-08-18
PHOENIX Ma
TIONAL NOW
NEW CHARTER FOR THE
PHOENIX BANK HAS
ARRIVED.
CAPITAL STOCK is SI25,OOO,OO
Largest Banking Institution IN
the County. It's Future is
Bright Indeed.
CAPITAL STOCK is Sl25,OOO.OO

The pheonix National Bank,
Young giant in local financial circles,
is To-Day a reality, the cGarteI and au-
thority to optn as national lnstltu-
tinn issued by the Comptroller Ut the
Currency at Washington having come
in on the Thursday mails.
The Phoenix Bank as state lnstl-
tuition has been closely Identified with
the growth and upbuildlng OF Maury
county and Columb ia. Established
June 4th, 1904, bv MIR. j. l.. Hutton
with a capital of only $50, 0OO 1T mas
enjoyed remalkaEle prosperity and
has won to a marked degree the conh-
dence and patronage OF the people. AS
an in3ication of the wisdom of the
management, the bank paid TO stock
holders is dividends during the past
eleven years $45, 500, and had at the
end of tine time more than S2I, 900 In
accumulated profits; a. record In
which any institution, no matter what
ito nature, might well take pride.
More than year since the directors
of the Phoenix realized that the
gro : th and prosperity of this fertile
section demanded bank OF larger
capital and wider scope OF usefulness.
New enterprises were spIlnglng up.
There was more money in the county
and the county had use tor more
money. They decided to convert to d
national bank, and fixed 500. 900 as the
cap1taI stock; but they did not realize
| in full measure the strength and popu-
la1ity of the Phoenix among people
who had money to invest, for the
500 600 was soon subscribed and de-
mands for stock still continued to come
! in. So the 500 600 was increased TO
1925. 600, and it is for this latter
amount that the Phoenix National is
capitalized, giving II the largest capt.
tai,zation of any financial institution
| in the county, with a financial stand
ing the equal of any in the state. and
response billty to depOsitors Of S25O, :
900 That makes it pretty safe. dozen
it? Bat look at the personnel OF the
directory and you will see further
guarantee that it will remain safe,
Conservative and souno: 10. L..
Hutton, ". b. Greenlaw, ". A. Dale.
Id II. Watkins, 4. Z. McLemore, j.
Lem Thomas, j. W. Howard, r. l..
Mckinney, A. ]. Fly, F. d. Chatfin,
T. q. Webster, W. E. Jones and Jno.
A. Cakes Nearly every important
section OF the county is represented
and by the best and strongest citizens
| financially.
Mr.. j. L. Hutton, under whose wise
management the Phoenix Bank at
tanned Its success. Will lie actively con-
nected with the Phoenix National as
President.
Mr.. w. A. Dale than whom there Is
not a better citizen or move capable
fnancier IN the county, is Vice PIesl-
dent.
Mr.. H. o. Fulton, whose standing
financially, morally and as an enter
prlsing, wide awake cltizsn IS unques-
| toned, is cashier.
While the Phoenix Bank. the old
Phoenix, has gone out OF the
| banking business proper, 1t has toI
years carried some valuable trust
business, and for the present this trust
department will be continued as an
adjunct to the Phoenix National Bank,
and the directors have under consider
alton the matter OF continuing this
department indefinitely.
| The Phoenix National will nave
statement in Fridays DAILY Herald.
The Herald predicts for the new IN
stitution a prosperity commensurate
only with the growth and prosperity
of Maury county. and believes that
the county has entered upon the most
prosperous era of It's history.