The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1909-12-31
MONTGOMERY BANKS
ARE IN FINE SHAPE.
Take Rosy View of the Outlook
For Coming Year
The INTEREST PAYMENTS
Prominent Financiers of the Capital
City Talk optimisticaIly of Pres
ent and Prospective Business
Conditions in Alabama.
The INTEREST PAYMENTS

montgomery. December 30-(Specia1 y
Montgomery bankers take rosy view Of
the outlook for the new year. Officers Of
all the capital city organizations seem
to feel that 1910 Is going to be the banner
year for many, and talk out in this strain
to reporters. The seven banks will put
S71,5o0 In circulation on January In semi
annual and quarterly interest payments.
State bank men agree with those of the
nationals that there is every reason to
look forward to a great year in business
of every kind
Dividends are declared as follows:
First National per cent quarter
ly on capital of 100000 ....... 10000
Fourth National four per cent
semi-annually on capital Of $780,
ooo ......... =. -. .... 10000
Exchange National, per cent semi
annually on capital OF $500 900 -. 5000
Farley National, 15s per cent on
capital Of 100000 ....... 5000
Alabama Bank and Trust conn
pany. per cent semi-annually on
capital Of 100000 $50. =. ...... 1900
Union Trust and Savings. per cent
semi-annually on capital Of $780,
600 =. :. =. -. =. -. ...... 5000
Total dividend for the new year :. 81, 500
Expressions from financlers follow:
A. M. Baldwin. president of the First
National: Business for the year is good,
with excellent collections. While there
is little surplus money in the hands Of
the people as rule. they begin the new
year with confidence in the prosperity Of
the future that has not prevailed in some
time. The belief that the next crop will
bring good price is great encourage
ment"
Thomas J. Reynolds, president OF the
Fourth National: Our finance commit
tee makes the best report In the history
OF the bank. We have had an exception
al year. with collections we'll up and our
customers in better shape than for a
great while. I believe the coming 70
months will be the best we have ever
known. The future of the city and the
business thereof are bright indeed
j. Kirk Jackson, cashier of the Ex-
change National: .'This bank has moth
ing but good words for the departing
year. 1t has increased it's business. made
many new friends and has seen it's friends
close season in good shape. The future
is not an uncertain quantity as we see
1t, the outlook being rosy in all lines.
Our customers have met their obliga-
tons and we are in better shape than
ever to take care of their wants. which
we look to be growing with the advance
Ing progress OF the csr."
L. B. Farley. president Farley Nation
al: 1.-THE year 1910 looks good to us, il
you viii BE- good enough to excuse the
slang. Our business has grown, our
friends Increased and our deposits gone
higher and higher each month. The future
is bright In all lines, and the past year
has shown that we need not fear for that
which is upon us. Montgomery is look
ing to a wonderful future and those
who wish to be in 1t had better get alive
to that certainty. I am sure that this
city Is going to fulfill the expectations of
its most enthusiastic friends
T. E. Lovejoy, vice president of the
Montgomery Bank and Trust company:
Our customers enter the new year with
more confidence and enthusiasm than at
any time in the history of the bank.
Our deposits have increased and our
earnings gone ahead rapidly We airs
looking to future the like of which
even the most enthusiastic Montgom-
cry man has not felt justified in expect
Ing"
j. L. Hill, president of the Alabama
Bank and Trust company: During its
whole life this bank has shown gradual
increase in business. We are, in common
with the rest of the business men of tho
city, looking to a year that will be a
record in all lines of business in Mont
gomery. Our, business has justified this
prediction and we feel that the outlook
is one to inspire the entire business
world"
j. M. Winchester, cashier Of the Union
Bank and Trust company: with an
ever growing interest in savings and con-
tinual activity on the part of Its officers,
this bank is showing marked increase In
deposits, and, as a result, indicating an
upbuilding Of the savings habit among
the people. can safely say that we have
had a great year, and that the future Is
one to give US mighty good feeling, as
well as to build up strong and effective
confidence"