The Dawson news. (Dawson, Ga.) 1889-current, 1908-01-22
NO CHANGE MADE IN HEADS OF
THESE INSTITUTIONS.

All Have Experienced Very Pros
porous Year. Recent Roosevelt
Panic Passing Away, and the
Outlook Is Promising.
The Dawson banks held their an
nual meetings last week, and elected
their directors and officers for the
ensuing year.
The showings made by all of them
as to the business of the past twelve
months furnished gratifying proof
of the increasing strength and grow
ing solidity of these useful institu-
tions
The combined capital and surplus
of the three banks of Dawson, togeth-
er with the large deposit accounts,
which reach more than half mil
lion dollars, evidence a condition of
prosperity that is a sure foretoken
of returning confidence, and will do
much to encourage and stimulate re-
newed activity in all lines of bust
ness
At a meeting of the stockholders
of the Dawson National Bank Tues
day morning all of the old directors
were reelected but one, Mr.. E. W.
Hollingsworth succeeding his father
in-law, Judge J. M. Griggs, on the
board. The directors chosen are:
A. J. Carver, r. l.. Saville, w. II.
Davis, w. C. Paschal, E. w. Hol-
lingsworth, ]. A. HOrsley, S. r.
Christie, ]. A. Chambless and w. F.
Locke. The old officers were re-
elected as follows: A. ]. Carver,
president; s. r, Christie, vice-pres-
ident; r. L. Saville, cashier. AS be-
fore stated, the Dawson National de-
clared semi-annual dividend of 4
per cent.
On the same day the stockholders
of the City National Bank met and
elected the following directors, II.
A. Wilkinson being the only new
member Of the board: j r. Mercer,
A. ]. Baldwin, A. NJ. Raines, w. A.
Davidson, NJ. C. Edwards, H. A.
Wilkinson, T. o. Whitchard, X. S.
Worthy, w. A. McLain, H, A. Petty
and G. w Dozier. w. A. McLain
was reelected president. A. M.
Raines vice-president, and K. S.
Worthy cashier. The City National,
on January 1, also declared a semi
annual dividend of A per cent.
No change was made in the official
management of the First State Bank,
whose stockholders and directors
met several days earlier. All Of the
old officers were reelected as eol-
lows: ]. NJ. Bell president, j. r.
Mercer vice-president, and l.. G. Hill
cashier. Directors j. r. Mercer,
B. B. Perry, j. NJ. Bell, L. G. Hill,
H. A. wilkinson, H. A. Petty and j.
e. Morris. This bank declared an
annual dividend of IL per cent.
Clearing House Certificates Retired.
The associated banks of the city
have already retired SIC 600 of the
clearing house certificates issued q
few weeks ago, and all checks are
now being paid in currency. The
remainder of the issue yet outstanu-
ing, amounting to $500, will be re-
tired as the bills come into the banks
in the regular course of business, and
will not be reissued. The certificates
served a good purpose at the time
they were issued, but the heavy de-
posits and strong cash reserves that
have accumulated since they were
put in circulation make it easy now
for the banks to dispense with this
makeshift currency altogether.
That the business outlook is
Frightening becomes cheeringly APP
parent each day, and it will not be
long before the wrath of the Roose-
welt panic will be laid forever, to be
recalled in later and better days only
as an unpleasant memory.