The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1908-01-17

MAKE EXTENSIVE IMPROVE.
MENTs-oLD OFFICERS RE
ELECTED.
The fourth anniversary OF the. one
Gent SAVINGS. Bank has Just come ~
close. THE annual meeting OF the
tockholders was largely attende1
85ully 500 of the $50 shares represeht
ID in the paid up capital stock was
,respnt at this meeting. The most
mportant report was that Of the casn-
~ Mr.. ]. G. Napier, which showed
hat the bank was in healthy con.
E,ition. and that the institution hal
fyithstood the financial strain without
k.eoeiving one embarrassment. Tne
8leposits had increased over $foO.oo
'Auring the month Of November and IN
,oite Of the prevailing financial furry
5,he depositors had allowed Their
'n,oaev to remain in the confines 9t
|Ehis institution. All of the old board
.bf directors and officers were re-elect-
led for the ensuing year. The direct
|Ers are as follows: Louis Winter, j..
Nv. Grant, T. G. Ewing, G. A. Cullom
IJ. B. Bosley, r. F. Boyd, j. S. Martin
|.C. S. Randals, Preston Taylor, X. II
|lBovd. ]. w. Bostic, ]. P. Crawford, T.
IHB. Jefferson, g. w. McKissack, VIM
sBeckham, Henry A. Boyd, ]. c. Napier
Immediately after the adjournment Ct
|tthe stockholders, the board OF direct-
4 held a meeting and elected the fol-
wing officers: President, T. r.
ls 5yd; Vice President, j ". Bostlc;
|caghier. ]. c. Napier; Teller, c. y:
sgston. A six per cent dividend
fdeclared on all paid up capital
sck. after which R. H. Boyd, presl-
oeht, spoke as follows;
Ientlemsn and Ladies:
we have called you together this
evening as stockholders and members
of the One Cent Savings Bank, 10
near the report of the Board of d.
rectors Of this institution at its fourth
anniversary Four years ago today
we threw open the doors Of this instl
tuition under very doubtful and al
verse circumstances. | say doubtful
hfor the reason that it was a pioneer
Undertaking. The directors were Sc
lected from among our inexperienced
members. Not one of them had an!
i,rior experience in banking lnstltu
rions The officers were elected by
the Board of Directors in the same
way. The Negroes of this city and o
this state had never attempted sucl
==ti.iises as a regular state banklnl
! and trust company organization !
number CT them had professional, NJ?
chanieal and manufacturing experl
! ences. and some few had a little eS
perience Of money loaning, but non
81 as bankers.
IT. was not a question Of money tina
disturbed the directors or the othce'
R of this institution. The two par.
mount questions rising up before theI
was. first, confidence, and, second, III
1 \anciering. Both of these question
4Ebave been so thoroughly anC careful
IN thought of and discussed by the oil
cers of this institution until we CON
today with our watchword change
and we are now ready to advise e
pansion.
II should be clearly understood
the stockholders that this institute
was born out of a real necessity.
was founded with a view of doing
regular banking and trust business.
was not organized as loan compaI
and investment company an lndr
trial Insurance company, nor a paw
! shop. The idea of getting 1lch quic
was never in the minds of the office
of this institution
The one object of this institution h
overshadowed all others and that
iect was the gaining and dissemin
ing of confidence. We have ma
first-claes business men among