Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1905-03-03
READY FOR BUSINESS
Dallas National Bank VIII Open Its
Doors Next Monday
Morning.

The Dallas National Bank will open
its doors for business next Monday
morning, at 9 o'clock. The opening
of the bank has been delayed several
weeks on account of the failure Of
needed office furniture to arrive from
Chicago, but the officers have decided
to wait no longer and will use
temporary furniture until the belated
shipment arrives.
The new bank commences business
with capital stock of $25 900. The
stockholders comprise some OF the
leading capitalists Of Dallas, Portland
and Salem. The promoters of the new
enterprise are all practical business
men, and it is doubtful if another
banking institution in the Willamette
Valley has more capable managers.
The officers of the Dallas National
Bank are; R. E. Williams, president; +;
Claud Catch, president; Eugene
Hayter, cashier. The directors are DR..
B. H. McCallon, Walter Williams,
Claud Catch, R. Z. Williams and I. N.
Woods.
R. E. Williams, the president of the
new concern, has been connected with
the Dallas City Bank in various
capacities for the last fifteen years.
Entering the employ of the latter in
stitution as bookkeeper when but
mere boy, he soon demonstrated his
fitness and capability for the duties
assigned him, and it was not long
until he was promoted to the more
responsible position Of assistant to
the cashier He served his employers
in this latter capacity with such sue
cess that, upon the resignation of
Cashier G. G. Coad, he was elected to
fill the responsible position vacated
by that officer Mr.. Williams con-
tinued in the active management of
the Dallas City Bank up to the time
of resigning his position to become
president of the new bank. He is
succeeded in the old hank by W. G.
Vassall, the former efficient assistant
cashier.
Claud Catch, the vice-presldent Of
the Dallas National Bank, is cashier
of Ladd & Bush's bank in Salem,
and is we'll known in financial
circles throughout the Northwest.
Eugene Hayter, former Clerk Of
Polk County, and until recently a
bookkeeper in the Dallas City Bank,
is the cashier of the new bank. Mr..
Hayter is an experienced office man,
and has wide acquaintance in Polk
county.
The furnishings of the new bank
are as fine as can be found in any
city on the Coast. No expense has
been spared in providing modern
equipment, and the effect must be
seen to be appreciated. The counter
and furniture are OF the finest grade
of mahogany. and the wainscoting is
OF beautiful mahogany finish, with
base boards of mottled-green Georgia
marble. The floor of the lobby is laid
in handsome patterns of white and
gray tile, and the art metal ceiling has
a buff field, elaborately decorated and
delicately shaded to green and brown
in the cove. This ceiling is triumph
OF the decorators art, and challenges
the admiration Of all who have seen
it. The front of the building is Of
finest quality plate and prismatic
glass.
Inside the substantial vault is one
of the latest improved Hibbard- Rod
man-Ely system manganese steel
safes-a make of safe that has, up to
the present date, baffled the skill of
the most expert burglars and success
fully withstood all tests to which it
has been subjected.
The Dallas National Bank has
bright prospects for a successful
career from the date of it's opening,
and promises to become an important
factor in the development Of Polk
county Dallas is prosperous town,
surrounded by prosperous country,
and is therefore a banking point of
more than ordinary Importance. The
old and firmly established Dallas CITY
Bank, with an honorable and success
full business career behind it, and the
new Dallas National Bank, with
ample capital and officered by con-
servative and yet progressive men,
should prove a strong team in pro-
noting the material welfare of Dallas
and Polk county, by leading in every
move to secure new and important in
dustries and by furnishing ample
capital for all worthy business enter
prises. May both institutions grow
and prosper.