The Brandon news. (Brandon, Miss.) 1892-1961, 1909-01-14

have been exceedingly gratifying, the net
profits tor the year amounting to So 1-2
per cent. When the panic of 1907 came
and many banks throughout the United
otates were placing a limit on the amount
OF deposits that could be drawn out, this
6ank was at all times ready, able and will
ing TO cash its depositors checks on de-
mana. One of the many reasons why this
Bank is able to make such satisfactory
profits is because ofthe abundance of
money Wf1chit always has to handle the
business OF its customers. The bank new
or takes more customers than its resour-
ceS VIII justify, and only the very best GUS
TONERS, and it is thereby enabled to rem
der the best and most satisfactory service
to its customers. Another strong point in
favor OF the Bank is that it has no great
amount ofmoney invested in its Bankng-
house and fixtures. While our building is
ample for all banking purposes in a town
OF this size, yet we only have ST. 800 inveS-
tedin the building. We undertake to keep
all our money working all the time and do
not want any extravagant orunneceSSary
amount tied up, in a Snowy building or
fancy fixtures. In this connection, in the
name Of the Bank, desire tc express good
wishes to ourfriends and patrons and as
confidence and esteem and Will in the
future, aS-int1e past, be ready to serve
them in the most satisfactory and advan-
tageOuS manner possible. o all other
banks we extend our best wishes for a
prosperous and happy year. And just to
add a crun1b of comfort to the stockhoId-
erS respectfully recommend that, out of
the net profits Of 521-2 per cent from the
years business, a cash dividend Of Is per
cent be paid to the stockholders.
a wise man always deposits his mon
ey in the strongest bank possible, not only
to be sure that it is absolutely safe, but
also because if he wants a loan he will
find that the bank where he deposits his
money is more likely to let him have it than
any other. | he well managed bank Will
always be willing Ito lend any regular de-
position a reasonable amount and will al
ways give the preference to- its regular de-
posters in making loans. Of course, a
well managed bank will not COnfine its
loans altogether to its, depCSitOrS, but Will
always give its own depOsitors the pre-
ference.
Another thing which has contributed
largely to the success, Of the Bank is the
prornptnesS with which all applications
orloans are passed uponA If the appca-
ton connnendS itself to the officers Of the
BANK, the loan IS maze at once. lTtne
loan is not going tosbe made, it is courte-
ously but promptly declined. No Bank
has the moral right. to keep an applicant
for loan in suspense longer than IS ne
cessay to determine whether the loan
should be made If the Bank declines, in
a courteous manner and proper spirit, to
make loan the person refused has no
more right to complain than he would to
complain OF his neighbOr Tor falling to
trade horses With him.
And, IN conclusion, thanking the stock
holders for their many evidences and ex-
pressions Of confidence inthe manage
nent and conduct Of the Banks affairs
from the time otis organization, am,
Very respectfully,
Sidney |. McLaurir.
Brandon Miss, January II, 1909.