The Montgomery advertiser., 1906-11-10
BANK TO OPEN SOON
HOME OF NEW FARLEY NATIONAL
 NEARs COMPLETION.
It VIII Be Located On Court Square, Wlth Louis D. Farley As President, And L. " .TysOns
 GaahfeF.

The new Farley National Bank of Montgomery, of which Louis B. Farley will be President, and L. Warren Tyson will be Cashier. will be opened for bus mess at Court Square, early In De- cember. and it will have one of the haudsomest banking houses in Ala bama.
 With a capital stock of S2Oo,0OO. sur- plus of $20,000, and a Board of Dtrect- ors selected from a list of stockhold- CTS which includes some of the most prominent and successful business and professional men of Montgomery. the new bank will begin business under the most favorable circumstances.
 The opening of the bank has been delayed by reason of the failure of con tractors for the handsome furnishings, to deliver them at the time specified. This has been due to the scarcity of skilled labor, and the rush of orders upon the factories. There will be com pensation for the delay, however as the interior arrangement of the new bank ing house will beornate and artistic. Mr.Fa riey and his associates some time ago leased the old stand of the Ja- cob's Pharmacy on Court Square. Sew eraI weeks a dozen skilled labofers have been at work transforming the place into a most modern banking house While the place is not yet completed, good idea is gained of its appearances when 1t Is completed. The fixtures are done In PTavanOza marble and vermillton wood of a high pol ish. The floors are laid in mosaic til- ing, and the walls have been decorated in deep green which blends har- moniously with the rich coloring of the fixtures.
 At the rear of the banking room is a massive vault. which impresses one Tha rvbnln a- ment indicates consideration for the convenience of the public.
 The initial meeting of the stock holders of the new bank will be held during thls month, at which time the Board of Didectors will be elected and call for the payment of the capital stock will be made. All of the stock stood that applications were made for double the amount of the proposed cap ltal some of the stock, 1t Is said, has been judiciously placed among bank ers throughout the country.
 Although Mir. Farley has been re- Iuetant to discuss the proposed bank until is 1t ready for business. it is up- derstood that he will be the President and that L. Warren Tyson will be ins Cashier Selections for Vice President and Assistant Cashier have not been announced. Mir Farley has been in the barking
 business in Montgomery since he com pleted his education I:e was one oi the organizers of the old Farley Nation al Bank. whose name was taken from his father. the late James A. Farley many years a leading banker of Mont gomery. The old Farley National be- | gan business with a capital stock oi ] sl0O.O00. It's deposits at the time oi l it's merger with the Merchants and Planters National Bank were approXi-
 mately S1,500,0
 The President of the new bank wil | bring considerable prestige to his of | flee. He has served as President oi the Alabama Bankers Association, and as Vice President for AlabamS of thu | American Bankers Association. He ii
 at present a member of the Executive | Council of the American Association. Mir. Farley was for many years Vice | President and Cashier of the Earle, ! National Bank, and later, was Cashier ! of the Merchants and f1anters-Farle! National Bank.
 MT. Tyson. who will De Cashier of thi new Farley National Bank, was Paytni