The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-05-26
v. N. HAB[|STON
TO Be PRESIDENT
Head of National Bank of
Virginia Will be
Chosen
PROPOSED MERGER IS
EFFECTIVE JULY 1
John Shelton Williams, of Bank of
Richmond, Has Been Selected
for One Vice-Pres-
ident.


the National Bank OF Virginia, viii
continue as head OF this bank after
its consolidation with the Bank Of
Richmond. which will be effected
about July /.
This information was ascertainad
Thursday from an officer OF the Bank
OF Richmond who is thoroughly con-
versant with the merger situation.
AFR. John shelton Williams, presi-
dent OF the Bank OF Richmond, will
be one OF the vice-presidents OF the
consolidated bank. Another vice
president is yet to be agreed upon, 1t r.
stated. Neither of these two officers
viii have seniority over the other.
Mr.. W. Meade Addison, cashier of the
National Bank or Virginia, will be
cashier of the merged institution.
Plans for the merger call for tn
crease Of the capital stock of the Ma
tional Bank Of Virginia from $780,
600 to sl.2oo.o0o. or this increase.
stockholders of the National Bank OF
Virginia are to subscribe 100000 and
stockholders OF the Bank OF Rich
mond 100000. The consolidated
bank will start with surplus of 5000
poe and deposits ranging from 5000.
geo to $4,000, 600
The new board OF directors win
be selected from the present boards of
directors of the Bank OF Richmond
and the National Bank of Virginia
building Not Chosen.
Whether tho consolidated bank shall
occupy the present bank building OF
the Bank Of Richmond or that OF the
National Bank of Virginia liz a Ques-
ton yet TO be determined. II In I'M
derstood, however. that the more com
,nodtous quarters of the Bank Of Rich
mond at Ninth and Main streets will
likely be asipcted.
Other details of the consolidation
are now being worked out by special
committees designated for the purpose,
In View OF the fact that the Bank
of Richmond has a present capital
Of 81 600. o0G, IT ~ presumed that half
Of this amount WILL be retired when
the merger Is effected. the plans
calling for subscription Of only
$500. 600 by this bank 10 the Increased
stock.
oHacerS OF Two Banks.
aaaeeFs II the National hank OF
nston. president, w. NJ. Addison.
cashier; q. s Morton, assistant cash-
ter
.Spirectors ara as follows. Bsnt r
Alsop. cashier Virginia Carolina
Chemical Company. George Il Chris
tian, attorney at Law. president VIZ
ginia State Insurance Company; /.
A Cary. general agent Northwestern
Mutual Life 1nsuranc Co: T. II. Ell
lett. capitalist, II. Theodore Ellyson,
treasurer Southern Paper Co: w. Nj
Habliston. president. r. II. Lindsey
capitalist. William T. Reed. president
Iarus q Brother Co; ]. w. Rothert,
of ]. w. Rothert Il Co. furniture:
n. O. RennoIds, secretary and treas
-nrer- Richmond Stoke COMPANY q
Rand Wexford. attorney at law: +.
u. Williams. tobacconist: 7. G. VIII
iiams. Jr.. capitalist: E. c. Laird,
president Southern Manufacturing
Company; w p GAnn. MeVeigh 4
Glinn. real estate
Officers of the Bank of Richmond
are; John SHELTON Williams, presi-
dent Frederick e. Noting. first vice
president, II. A.. Williams, assistant
cashier; IL II, Grenshaw. Jr..- trust of
ficer.
Directors are as follows. E. B. Ad-
Olson. vice president virginia. Caro- /
lima Chemical Co.; Charles j. Ander-
son. of George w. Anderson Il Sons;
Henry w. Anderson, of Munford. Hun |
ton, Williams & Audersoon, f. L. Be- /
bankers; Frank Q. Brown. OF Red |
mond & Co.. bankers. New York; /
Lewis u. Crenshaw, IT.. trust officer: I
&. Dabney Crenshaw. secretary vir-
Etnia- Carolina Chemical Co.; Frank |
Jay Gould, vice-president Missouri
Pacific Railroad: George A. Gibson. |
general insurance: T. Francis Green. /
real estate; Eppa Hunton. Jr,, attor- /
ncya tlaw, Mnnford. Huutou. VIII t
United States District Attorney; Isaac /
n Mann pra rrweN yU Va proctdap$