Fitzgerald enterprise. (Fitzgerald, Ga.) 1895-1912, 1906-05-03
THE EXCHANGE NATIONAL BANK

II
has been state bank the few years of its mar
velous career will soon become national bank
! under the above name. The matter was deter
mined last Saturday at called meeting OF the
stockholders.
The capital of the bank which was
recently Increased from $4,000 to $4,000 will
be 100000 with a surplus of $4,000 making
total of $15OOO0 as against $4,000 start four
years ago.
Certainly there is nothing more interesting
in Fitzgerald s history than the evout ton OF her
banking facilities
When the Bowen Banking Company was
organized, with capital of $25. 900 the subscr1b-
ers to the stock put to shame all precedents by
planking down at the meeting the long green
and the coin of the realm before the organize
ton was com pleted or cashier selected. Since
that day the institution has been success. Its
growth and developme nt has been startling. 1t
required only few months to demonstrate
that $25, 600 was too small capital and 1t
was doubled and the name changed to the Ex-
change Bank and now it is doubled up
again and the name changed TO the Ex-
change National with surplus twice as large
as the original capital, and counting capital and
surplus, an increase of 800 per cent in four years
with deposits amounting to quarter million.
When has such thing happened outside of
Fitzgerald?
savings department will be instituted
an per cent interest, compounded Quarterly,
will be paid on savings deposits.
The officers of this national bank are:
Robt " Bowen. President.
Marion Dickson Vice President.
]. B. Clements,
Eugene W Stetson, Cashier
]. D. Dorminey, Asst
D1REcroRs-R V. Bowen, E. F. Chambless,
M, Dickson, ]. B. Clements, E. &C. James, w. r.
Bowen, H. M. Warren, j. D. MCLAUGHLIN. J. J.
Dorminey, w. T. Paulk, L. o. Tisdel, E. w.
Stetson.
The bank is rnder the executive manage
ment of E. w. Stetson who has proven himself
to be euccess in his line. He is young aud
smart and has had the training necessary to
make successful banker.
Editor Mercer still believes that--South
Georgia is entitled to furnish the governor;
that she has plenty of good gubernator1al limb
err, and that the best way to elect South Geor-
gia man is to vote and work for one of the candi-
dates from Atlanta this year as majority from
Triton Gazette.
The best ay, John, is to elect the man who
will make the best governor. The man who
stands for the things that over-shadow section
alism. We are anxious for South Georgia to
furnish the governor, but we cannot afford to
sacrifice other things more important. Time
will come in the near future, John, when we
join issues and send to Atlanta a governor
from South Georgia, who will represent the best
there is in the politics.
The state executive committee had the
right to prescribe whatever rules it deemed
proper and best for the party, and the people
have the right to resent any action of the COM
mittee they deem improper wrong. From
partyman's standpoint we regret the very UNI
usual and arbitrary action of the committee but
as supporter of Hoke Smith, we would not ask
them to undo any thing they did, The people of
Georgia, as a mass, love fairness, even in dog
fight. They will rebuke bulldozng, arbitrary,
high handed tactics and if it were not fact
that already very large majority of the demo
Gratis of the state favor Hoke Smith for governor
they would, we belive vote for him now in a spir-
it of resentment, Watch the effect and see if
we haven't prophecied aptly
WHAT THE COMMITTEE DID
AND WHAT IT DID NOT DO.