The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-01-12

BY NATIONAL BANKS
Reports Submitted to Stockholders Give Most
Encouraging Record Of Past Years Work.
Officers Elected by Directors.

Officers Electe
All the national banks held their
annual stockholders meetings yester-
day and elected their respective boards
CT directors. The reports and financial
and In all cases the institutions were
reported TO have mad an excellent year.
and to have shown marked increase IN
business. In some cases the boards OF
directors were increased by the elec-
ton OF new members.
Bank of Rich mond-The annual
meeting OF stockholders of the Bank
Of richmond, Inc, was held at noon.
OF the 10. oto shares OF the capital
stock OF tho bank, 1874 shares were
represented In person and by proxy.
The president submitted the report OF
the officers and directors for the year
1909. as follows: Gross profits, s2S1,-
and s advertising. interest re-
serve, miscellaneous charges, expenses
of branch banks, etc. 3l2s,893.s5:.
balance, s102,S4s.3o; deduct taxes. s25,-
ols.34; leaving a net profit OF sW,-
S2i.96.
the bank declared regular ividend at
the rate OF 5 per cent. per annum. and
carried to the credit OF profit and LOGS
for the year, $~27,se4.96. Surplus and
undivided profits on January 1910.
after the payment OF DIVIDENDS.
amounted to 0o.30t.53.
The Bank OF Richmond is one on
the largest taxpayers in the state Of
Virginia. 1t has paid In State and
city taxes during the past five years
the sum OF s11l.Ssa-4s.
The following We're elected direc-
son. Charles r. Anderson, Z. L Be-
miss Franklin G. Brown. Lewis
D. Crenshaw. IT., S. pabney
crenshaw. Frank Jay Could. George
a. Gibson. II. Francis Green, Eppa
Efunton, Jr., Lunsford L. Lewis, Isaac
T. Mann, Brsmwell, w. Va; j. William
aiiddendorf, Baltimore, Nd; James A.
;doncure. William Northrup, Frederick
Il. Noting, S. ". Travcrs, l.. NJ. VIII
liams. John 4. Wilson, Thomas S.
wheelwright, Stuart NJ. woodward,
John Shelton Williams.
Americi.n Nationai-The stockhoid-
ers of the American National Bank
met at IL o'clock. aud. after hearing
the report OF Oliver j. Sands, presi-
dent, which showed that the institu-
ton had had a very prosperous year,
went into the election of the directors.
One new name was added. that Of ]. r.
Paschall The others elected were
Oliver J. Sands. Emmett Seaton, Chas.
E. Wingo, Henry w. Rountree, James
r. Gordon, Edgar G. Gum. r. II. Har-
wood, Jackson Guy and Charles e.
Whitlock. The officers will be elected
to-day.
Merchants Nntlonnl-After hearing
the report OF John p. Branch, presi-
dent, which showed satisfactory con-
ditions during the year 1909-1s10. the
stockholders, in their annual meeting,
elected n new member to the board
of directors of the Merchants National
ID n - Ia ~ n ~ r. = 20 Sr~h-ar1 a v-n-nlarta
all the old members, who are as fol-
lows: Blythe w. Branch, John Kerr
Branch, John p. Branch, A. S. Bufofd.
James Caskie, James II. Dooiey, Alex.
Hamilton. Milton E. Marcuse, 8. T.
Morgan, b.. 3. Munford, Thomas B.
Scott, c.. S. s~tringfellow. w. H. White.
The officers vera elected as follows.
John p. Branch, president: John Kerr
Branch, vice-president; John +. Glenn.
vice-president; Thomas B.. McAdams,
cashier; J. r. Perdue, assistant cashier:
G. Jeter Jones. manager savings de-
partment.
Planters Observation-Disclosures OF
the Planters National Bank met at u
o'clock yesterday, and received the re-
port Of James N. Boyd, president,
Porous and that the prospect for 1910
was most encouraging. The board Of
directors was reelected, as follows:
James N. Boyd, j. j.. Montague, w. j.
WestWood. 4. William Pemberton. Nor
ton B. R%osenbaum and Richard II.
Smith.
The officers were reelected as fol-
lows: James N. Boyd. president; J.. j.
Montague, vice-prestdent; Richard II.
cashier; r. Latimer Gordon, as
sistant cashier; Conway II. Gordon. as
cashier.
~ ir7fu.& N1YinnoI-.Tyun ~ reVr ,,,ay,,hnr
Were elected to the board of directors
in tho annual meeting of the stock-
holders yesterday of the First National
Bank. The twonew names added were
John s.. Munce and Henry W. Wood. The
others REELECTED are as foll1ws: 7, NJ
Christian. Jr., Charles Davenport, D.
Q. Davis. G. a. Davenport. John C.
F.asley. John NJ. Miller, Jr.. j. b,
Mosby, John 3. Purcell, Z. n: Ruther-
foord, p. A. Saunders, Jr., +. Sitter-
ding : !, Stern, a: 2. Wllliams.
lows; John B., Purcell. president; John
NJ. Miller. Jr., vice-president and
cashier; Charles Il, Burnett, assistant
cashier: J. g. Joplin, assistant cashier;
", +. Shelton, assistant cashier, Alex
N%ationai bank Of viFsiu,a-w, Nj.
Habliston, president u the National
Bank Of Virginia, read his report to
the stockholders yesterday, showing
that the bank had done an excellent
Business, and that it was ready to
start the new year with the brightest
prospects. The board Of directors was
xe- elected with the addition OF two
new members-E. G. Laird and w, r.
Glinn. The old members re-electea
are as follows: BENJAMIN P. Alsop,
George L Christian, T. a. Cary, n. FL.
Elicit, Fl. Theo. Ellyson, w. NJ. Hah.s
listonI r. H. Llndsay, William Z, Reed,
Wexford, F. ~. Williams and r. G..
Williams. III.
n,i,a nhiners were re-elnGted as FOL