The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1906-12-07
THE UNION NATIONAL BANK.

Possessing the distinction of being
among Maryland's pioneer monetary IN
situations, the first to introduce and
maintain on permanent basis through
out this section banking facilities and
convenience, and offering in substantial
ton of its solidity and security career
covering period of ninety years of f.
deity to popular needs in financial mat
ters-a career tested severely by the eras
of depression that have periodically
swept over the country, the old Union
National Bank today, as yesterday, and
every day since its inception, in 1916,
continues to maintain its e-honored
and reliable service. During all these
years this institution and its various Off
GERS and directors have taken an import
ant part in the development of Carroll
county, and to their influence and CO.
operation may be traced the sources of
the progress and general prosperity
which characterizes conditions as they
exist today. From statement issued
W tHC SOiipttOilCi VI Sul iSilSN, uIuSl
date of November II, 1906, the following
figures have been taken, and they reveal
the excellent cnoditions and standing of
tn Union National Bank, as we'll as its
pronounced popularity.
Capital stock, paid in. 100000
Surplus fund. Observation-Disclosures. 5oyooooo
Net undivided profits. .... o,o23.6o
Individual deposits (subject to
SllSCh) .1Oly4OS..o<:
Total resources. ............. 584,754.53
This institution offers all the advantag
es that result from the most approved
of modern banking methods, extending
to the humblest patron the most pro-
nounced courtesy, and encouraging by
counsel and advice, when requested, the
closest and most confidential relations
with patrons. The officers of the Union
National Bank are: J. H. 'Billingslea,
president, and J. H. Herring, cashier, and
the directors are ]. H. Billingslea, ply
sician; Charles " Wantz, wholesale and
retail tobacco dealer; Harry F. Cover,
cattle dealer; Charles E. Stawart, rail-
road contractor; ]. Wesley Hoffacker,
merchant, Manchester Md; Jermiah
Geiman, retired farmer; Benjamin F.
Grouse, attorney at law and State Insur-
ance Commissioner George K. Shaeffer,
retired farmer; Emory c. Zepp, farmer,
Eastview, Md; B. F. Shriver, of B. F.
p ~.
individuals are among the representative,
successful and substantial business men
and citizens of this section, of established
reliability and integrity, and which lat
ter qualities will safeguard the interests
of patrons and preserve inviolate the ex-
cellent reputation of this institution now
in their hands. The history of this insti-
tuition dates from the War of I8I2-ISI4
In the autumn of the latter year Balti-
more was threatened by the British fore
es, which condition prompted the officers
of the Commercial & Farmers Bank of
that city to remove part of its deposits to
Westminster for safety, and an office of
pay and deposit was established here
These facilities continued until 1916,
when the Bank of Westminster was char
tered by the State Legislature, the meet
ing of its directory taking place April
Io 1876 Later, branch of the bank
of Westminster was established at Fred
erick under the name of Farmers and
Mechanics and continued as branch in
stitution until 1897, when they became
distinct organizations. In 1865 the Bank
of Westminster was chartered under the
national banking laws under the name
of the Union National Bank of West
minister and as such continues to MAIN
tain the best of banking facilities. This
institution will pay on January I, 1907,
its I8Ist semi-annual dividend, and in
this respect as in all others, its fidelity
has been a notable feature The Union
National pays interest on special deposits
and offers every inducement and accom-
mediation that judicious liberality can
suggest to promote the interests of pat
rons.