Los Angeles herald., 1906-01-10
BANKS ELECT
NEW DIRECTORS
STOCKHOLDERS CAST VOTES
AT ANNUAL MEETING
Ten New Members in First National
Bank List-other Changes Noted.
Savings Bank Merger Plan
Ratified

The annual meeting OF the stock
holders of the national banks of Los
Angeles were held yesterday afternoon,
when various boards of directors were
chosen In compliance with the national
banking laws.
The consolidation plan OF the Ger
man American Savings bank and the
Union Bank Of Savings was ratified at
a neetig Of the directors of the two
institutions. The capital stock Of the
merged banks will be 100000, with
surplus Of 100000.
Bank Directors Elected
First National bank--Stockholders to
the number of seventy-five were present
at the annual meeting and over 10000
of the 500 shares of stock were voted
at the election of directors. January
/. . per cent quarterly dividends, S62,5OO
in amount, were paid to stockholders
The following directors, 81 in number,
were elected, those marked with an
asterisk being the new members of
the board:
G. e. Bittinger, *George l. Cochran,
John S. Cravens, j. Z. Drake, ]. NJ.
Elliott, "Henry Fisher, Frank p. Flint,
sM. H. Flint, C. w. Gates, "W. NJ. Car
land, %W. l. Hollingsw H. e. Hunt
ington w. E. Hampton, Stoddard Jess,
II. Jevne. "Gail B. Johnson, ]. o. Keep
lils lOdil Ihul pllyf Il. - Ahdi olioll OCAiiA
Is. Miller, A II. Naftzger, +John H.
Norton, "H. w. OMelveny. w, G. Pat
terson, Epes Randolph, "William r.
Staats, F. @. Story, *J. S. Terrence,
Walter ]. Trask, William NJ. Van Dyke,
H. C. Wilmer.
A new code of bylaws was adopted.
The new board will meet January IL
and eleet officers.
F'armers and Merchants National
bapk-The stockholders meeting was
largely attended and all of the former
members of the board were elected.
with the addition of II. w. O'Melveny.
The directors elected were: Isaias w.
Hellman, l. N. Van Nuys, I. w. He'll
man. jr., w. H. Perry, j. Baruch, H. Z.
Huntington, c. E. Thorn, K. Cohn, G.
A. Ducommun, D. A. Hamburger, w.
Childs, DR.. Walter Lindley, William
Lacy, T. E. Newlin, H. w. O'Melveny.
The annual dividend paid by this
bank was 10 per cent. Election of Off
GERS next Thursday.
National Bank of California-The fol-
lowing directors were reelected at the
stockholders meeting: ]. NJ. C. Marble,
John f. Marble, J. E. Fishburn, o. r.
Johnson, S. C. Hubbell, W. d. Wool
wine, r. T. Rogers.
Officers will be elected on January IL.
Commercial National bank-At the
annual meeting of the stockholders the
following were reelected directors to
serve for the ensuing year: L. n.
Breed, Charles c. Chapman, j. W. NC
Kinley, Joseph Burkhard. Leopold Win
ter, S. A. Bulfinch, w. A. Bonynge, j.
e. Carr, 2. T. Cole, h. W. Chase, c. n.
Flint L. E. Shepherd, Philip Forve,
Philip L. Wilson.
The report of the officers shows the
condition of the bank at this date as
follows: Deposits, $1.151,94O, gain for
the year, $72O, 1852; loans, $77S,374, gain
for the year $2S7, 1856; surplus and undi-
Vided profits, $17, sos, gain for the year
$10,729. In addition the bank paid its
first semi-annuaI dividend on January
at the rate of six per cent per annum.
Citizens Observation-Disclosures: r. ].
I Waters, j. Ross Clark. A G. Hubbard,
L. w. Blinn, ]. NJ. Hale John II. Nor
ton, c. A. Canfield, e. G. Fay, Robert
Hale, John j. Fay, jr., A. j. Waters.
The following officers were elected by
the reorganized board: President r. j.
Waters; vice president, j. Ross Clark;
cashier A. j. Waters; assistant CASH
iers, George E +. buffet, E. r. Petit
grew.
United States Nationality. C. Price
was elected to succeed NJ, A. Hambur-
ger the board now being as follows:
]. w. Hellman, o. NJ. Souden, NJ. A.
Newmark, r. H. Lacy, w. c. Price.
j. A. Graves. DR.. J. II. Bullard. II. B.
Harris was elected assistant cashier.
American National-Directors: w. r.
Botsford, Homer Laughlin, Frank G.
Bolt, M. j. Connell, Epes Randolph,
Eben Smith, John F. Campion, w. H.
Burnham, Walter S. Newhall, Arthur
L. Hawes, George Chaffey. The fol-
lowing officers will be reelected by
the reorganized board of directors
President, w. F. Botsford; vice presi-
dents. George Chaffey, j. G. Mossin:
cashier, T. w. Phelps; assistant cash
iers, j. w. Phelps, William M. Woods.