The Montgomery advertiser., 1907-01-09
Shareholders Hold An
 nua1 Meetings. OFFICERS ARE ELECTED
Only One Change Made in Roster
 of Officials.
W. IT. Hubbard Becomes yicc-Presi- dent of Fourth National to suc- eeed J. w. Black, nc-isned--
 A. J. Jones is Cashier.

Directors and officers of five of Mont gomerys banks were elected, and bank ing business for the year 1906 was re- viewed at annual meetings of banking institutions held yesterdag
 The stockholders of the banks first met and elected dieectors. who after ward elected officers to serve the en- suing year.
 In only one bank was a change made in the official roster. This was the Fourth National Bank, the directors of which elected W. H. Hubbard. Vice President to succeed J. w. Plack. who resigned on account of other business afiliations. With the promotion or MT. Hubbard from Cashier to Vice President A. Joshua Jones, heretofore Assistant Cashier, was made Cashier to succeed Mir. Hubbard. Tie office of Assistant Cashier was abolished.
 A most prosperous banking year Is reported by the banking interests of Montgomery.
 This has been an exceedingly pros porous year for us," said President Thomas J. Reynolds of the Fourth Ma tional Bank. "the bank has cleared r per cent net on the capital invested :" The capital stock of the Fourth Na- tional Bank Is S500,000.
 Michael Cody. President of the Ex- change National Bank. and of the Union Bank and Trust Company. said.
 our business year has closed very fatteringiy, as the statements of the banks will show. Though the Ex- change National has been In existence only six months. 1t has made fine pro- gress and the stockholders of both in- stitutions are well satisfied with the results.% The capital of the Exchange National is $Soo.0oo and of the Union Bank and Trust Company. $100,G
 orIx hat n n s year has eliminated satisfactorily" was the statement of A. Nj. Baldwin Presi dent of the First National Bank, capi. taDzed at $1, 100000. Tt has been only about six months since the Merchants and Planters-Farley National Bank was merged into the First National Bank with total capital ranking among tho largest in the State"
 Though in existence eniy since De- cember 10, the New Farley National Bank. through its President, Louis B. Farley, reports q prosperous business and substantial results.
 Results of Elections.
 The Fourth National Bank elected the following directors: T. J. Rev. H. Hanson. S. L.. Tyson. c. l.. Ruth, M. Kahn. A. J. Kaufman, F F. John- stone, George D. Noble, J w. Black. John Yung. ]. S. Dowdeli, J. l.. Cobbs. S. G. Well, B L. Holt, John A. Sell lers and w. H. Hubbard. The direc- tors met during the afternoon and elected their officers.
 The First National Bank reelected all directors and officers as follows:
 Directors--A. NJ. Baldwin, c. G. Ab- ercrombie. W. A Gayle, Arthur Pelzer, J. L.. Hall, R. F. Ligon, F. O. Caf- fey, J. s. Wilcox, s. Roman and NJ. P. LeGrand.
 4. M. P. LeGrand. vice resident; A. S.. Woolfolk. cashier: H. T. Bartlett. as- sistant cashier; R. E. Seibels, assistant cashier; O.. E.. Norton, auditor.
 The directors and officers of the Ex- change National Bank were reelected as follows:
 Directors--Joseph Norwood. simon Gassenheimer. J. l.. Gaston. Emanuel Lobman, N. J. Bell, Louis Steiner. Fred S. Ball. J. c. Haas, Frank stollen- werck, Samuel Gerson, J. c. Tyson, Isi- dor Well. J. B. Gaston. Meyer l.. GreiI. F. A. Gulledge and Michael Cody.
 oficers-Michael Cody. president; Joseph Norwood. vice president; SyI> 2 vain Baum, cashier.
 The Union Bank and Trust Company re-eelcted the following directors and officers:
 Directors-Joseph Norwood, Emanuel Lobman, J. L. .Gaston, J. c. Haas. Fred S. Ball. Isidor Well, James s. Wilcox, Meyer L. Greil and Michael Cody.
 officers-Michael Cody. president: Joseph Norwood, vice president; Syl- vain Baum, cashier; James s. Wilcox. secretary.
 The New Farley National Bank. cap. italized at $200,000, reelected the fol- lowing directors and officers:
 Directors--Jacques Loeb B. P. Crum. Louis B. Farley, l.. Warren Tyson. John B. Nicrosi, W. D. Westcott. Hartwell