The Montgomery advertiser., 1908-09-01
Financial Troubles of
 Country Weathered.
EVIDENCE OF GROWTH
 SHOWN IN NEW BUILDINGS
Temporary Crisis of Past Winter Brought Out Real Strength of city's nstitations--Bankers Hopeful for Another sue-
 cessfuI Year.

Despite the financial troubles of last winter. the seven banks of Montrom- cry nave shown substantial growth du- ring the commercial year which came to close last night. and there is one more bank in Montgomery than there was at this time last year-The Ala bsma Bank and Trust Company.
 Nothing could have occurred to bring out the strength of the banking houses m Montgomery more than the financial panic It proved that Montgomery bankers are in perfect accord. It show cd the ability of the local banks to stem any 1nncial tide. Working through a clearing house, intelligently man aged. the Montgomery bankers pro- tected Montgomery from what might have been serious financial situation
 There are four national banks and three State banks in Montgomery. 1t might be said, incidentlly, that one of these State benks was foremost in urg- ing the new State banking law which protects depositors in State institu- tions.
 Montgomery ranks second among the cities of the State in It's total amount of banking capital. The combined capital or the seven banks of Montgomery is y2.650,00o The commercial year has brought with 1t increases in deposits. and 1t is doubtful if any previous year has left the banks in better condition future.
 The, banks of Montgomery, their capital stock. and their officers are as follows:
 First National Bank. capital sl.ooo.- 900. A. M Baldwin. president: M. P. LsGrand. vice president: A. s. Wool- folk. cashier.
 Fourth National Bank, capital ssoo.- 900. surplus and undivided prcfits s2S0.000. Thomas J. Reynolds, presi- dent; W. D. Hubbard. vice president: A. J. Jones, cashier.
 New Farley National Bank. capital $200,000, surplus and undivided profits il2, ,OoO. Louis B Farley. president: B. F. Crum and Sylvain Baum. vice presi- dents; J. J. Flowers, cashier: M A Vincentelli, auditor.
 Exchange National Bank, capital $So0,0oo. surplus s75,000. M. Cody, pres- ident; Joseph Norwood, vice president: J. K. Jackson. cashier.
 Union Bank and Trust Company. | capital $100,0o0; Michael Cody, presi- dent: Joseph Norwood. vice president; J. M. Winchester, cashier; J. S will- Montgomery Bank and Trust Com pany. capital authorized s5o0.000; paid in S250,000, W. E. Holloway. president: M w. Kelly and M. l.. Grell, vice pres- ldents; J. ". Kelly. secretary; F. H. Logan, cashier.
 capital ssoO.OO0. surplus s3O.o .o0O, J. IL Hall, president; ". F. vandiver, vice president; R. E. Seibels, cashier; R. $ Williams, teller.
 Evidence of Stability.
 The best evidence of the stability Of the banking houses of Montgomery and of their continued growth, is the inn provements that have been made in \ their homes during the commercial year. No banks in Alabama occupy handsomer quarters or present better K facilities for transacting business than tue banks of Montgomery.
 The First National Bank has moved Into Its splendid twelve story building on Court Square. The bank occupies all of the ground floor space which Is ornately furnished, and every provis- lon Is made for the comfort and con- of its patrons.
 While the Fourth National Bank and It's friends have taken exceptional pride In its fine quarters on Comnerca Street, announcement has just been made that this bank will double the of its banking house. the con- tract having been made. This bank is to occupy twice the floor space if has now. and the whole Is to be fitted com mensurate with the importance of the bank in the financial affairs of the State.
 The Montgomery Bank ana Trust Company. and the Alabama Bank and Trust Company, have exceptionally fine quarters on Commerce Street, the lat- ter having begun business on the ground floor of the handsome Vandiver building.
 During the year the Exchange Na- tfonal Bank and the Union Bank and Trust Company have been removed to their commodious building at the cor ner of Court Square and Dexter Ave- nue. Here superior quarters were pro- vided. and this bank is equipped with every comfort and convenience.
 The New Farley Natianal Bank has It's home on Court Square and it's quar- ters are perfectly equipped.
 Altogether the bankers of Montgum- cry are contented with the years busI- ness and they begin another commer- ,ial year with great expectations.