Alma record. (Alma, Mich.) 1878-1928, 1905-07-07
AND ONLYFOUR YEARS OLD
The Alma State Savings Bank
Makes an Excellent Showing
on Its Fourth Birthday
STRONG BANKING ENTERPRISE
The Modest Cashier Geo. w. Moore,
Receives Much Credit From the
Directors for tbs Banks
Good Record.

About a year ago the RECORD under
took an extended history of many Of
Alma's firms and institutions with half
tone cuts of the proprietors At this
time nothing was said or reported re-
garding the Alma State Savings Bank.
This was not the result Of oversight on
our part, but so far "a We are able TO
learn 10 excessive mOdesty on the part
of its cashier. The RECORD has at last
overcome this hesitancy on the part OF
its cashier and we take pleasure IN com
pleting the list of Alma's business enter
prises by giving brief account of TINS
institution.
The Alma State Savings Bank com
pleted the fourth year of its business
and existence last Friday, June 30. At
the regular meeting of the board of
directors. held on this date, inpursuance
of its settled policy, it transferred an
additional q 900 to its surplus. This
makes its surplus SIC, 800, which repre-
sents practically the earnings of the bank
since opening for business four years
ago. 1t is to be noted that this amount
exceeds ten pen cent per annum OF ITS
entire capital stock of S25, 1000. This
action of the directorate in keeping the
net earnings of the business in the bank
as additional protection to its patrons
speaks forcibly as TO its settled policy
and purpose 1t establishes that its
stockholders are interested in the bank
ing business not as the means for a
livelihood. not for annual dividends,
but 70 build up a strong enterprise III
which our people may safely deposit its
money and transact its business. This
it has done in so marked a degree that
the RECORD takes great pleasure in
saving 10 its readers that the Alma State
Savings Bank has demonstrated its
worth and is now an established and
worthy enterprise of this city
During the past four years II has
bought to exceed 5000 pieces of com
mercial paper entered and transacted
many thousands of other business trans
actions, still its business has been so
carefully and conservatiyely managed
that il advises this Office that not dol
lar has been lost in transaction since
opening its doors. With this record be-
hind it, the words of Mr. Moore, the
cashier, seem doubly certain, 1--WE have
the future with confidence and certainty
of our success"
The growth of this bank in the con-
fidence and esteem of our people has
been most remarkable. It's deposits,
July /, 1901. were 81, ,635. 2S. Since that
date its growth has been marked and
steady until on July l. 1905, its deposits
are s115, 9S3.l9 It's loans have grown
TO $131 ,190.65 of the latter date. It's
annual gross earnings exceed $4,000.
Three persons are required now TO do
it's business, whereas its cashier did it
alone during the first six months Of its
existence.
This assurance of its perpetuity and /
continued success has been attained by /
the strictest adherence to business prin-
ciples. 1t has avoided all temptation to
acquire business when not assured of its |
safety it has conducted business of
banking as one should handle a sacred .
trust. 1t has earned its success, and the
RECORD takes great pleasure in report
ing that it has become an established
institution in our midst. Our people
have recognized its worth and extended
il liberal and worthy patronage.
This record is largely the result of the
energy, worth and courtesy of its
cashier, Mr.. Moore, who has been in
charge of its business affairs every day
for the past four years. In recognition
of his worth and faithfulness, its direct
ors have granted Mr.. Moore a six weeks
leave of absence. He will start with
Mrs. Moore and their son, July II, for
California to visit Mr.. Moore's parents
and enjoy the beauties of the golden
west
During his absence the work will be
by the assistant cashier, Mr..
Bagley, and Miss Burns with the help of
some of its stockholders.
The RECORD congratulates its stock
holders and management upon their
pronounced success and we bespeak for
il continued growth and confidence of
the business public.