The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1908-08-06
CONSOLIDATION WAS
EFFECTED this MORNING
List of Directors includes Best 6usi-
ness Men in the city-officers Are
Tried and Trusted by the People OF
South Mississippi.

for the consolidation of the First Ma
tional Bank and the National Bank
of Commerce. and circular letter has
been directed to the patrons of both
institutions apprising them of the
change.
The name of the new institution will
be the First-National Bank of Com
merce. 1t will have paid up capital
of $425,0O and additional liability of
shareholders as provided by law of the
same amount, making total of $780,.
900.
The letter of the consolidated bank
to its friends and patrons reads as fol-
lows:
Hattiesburg Miss, Aug. 5, 1908.
We take this method of announcing
to you the merger of the First National
Bank and the National Bank Of Com
merce. The charter of the National
Bank of Commerce has been so amend
ed as to change the name of the bank
to, "First-National Bank of Com
merce," which is the corporate title of
the amalgamated banks.
We think it useless to dwell at
length on the strength of the two insti-
tutions combined and consolidated,
union in perfect harmony, and per-
forming it's functions in perfect accord
with all the parts of itself.
The directory of the bank as will be
seen at glance represents great
financial strength as well as business
acumen on the part of the individuals
composing the board. There are few
banks in the South with Board OF
Directors which represents greater
strength, and so much experience and
ability on the part of it's several mem
bers.
r->SlWe thank our friends for their sup
port in the past; We earnestly solicit a
continuance of their patronage and ap
proval, and we will appreciate any
words which they may speak for us
thereby directing the attention OF peo
ple to this bank who are not at present
doing business with us.
We are willing to stand on the rec
ord the National banks of America
have made, which in referring to the
Comptroller of the Currency in a re
cent report to Congress, stated 1t IL
the safest banking system in the world
as shown by statistics of this and othel
countries.
We are especially free to stand ol
the record of the National banks in thu
State of Mississippi, it being that onl!
two National banks have suspended
business in this State since the yea
1865. and there have been no suspen
sions of National banks in this Stat
within the past fifteen years.
This record manifests the value o
the great service rendered the publ
by governmental supervision and cor
troll of National banks, which is safe
guard that should not only appeal wit
great force to the depositing public
but National bank officials themselves
weak in some respects as all huma
beings are, feel the benefit and aid a
forded them in the discharge of thei
duty, by the rigid bank discipline r.
quired by the National Bank Act
The chaos of the past now being !
the retrospect, the disturbance an
distress caused by the recent culmini
tion of the hopes of people who ha
been pursuing mad policies blindly, tn
just retribution accorded those peopl
all of the past viewed as whole. tn
trials and tribulations thereof, no
definitely behind us, have served as