Cañon City record., 1910-01-06

OF CANON CITY
BANKING FIRMS
TWO CANON CITY MONIED INSTI-
TUTIONS JOIN FORCES.
Many of the Local Officers viii Retain
Their Places in the Reorganized
Banking House.

After negotiations pending over a
period of several mouths arrange
ments were consummated Saturday
whereby The First National Bank and
the Citizens State Bank of this city
consolidated their interests and the
business of the two institutions will
hereafter be carried on under the
name of The First National Bank at
the former quarters of the Citizens
State Bank on the corner of Main and
Fifth streets.
Under the new plan the board of d.
rectors of the First National Bank has
been increased to nine members and
will consist of A. E. Carlton of Cripple
Creek, Charles NJ. MacNeill of Colora-
do Springs, j. @. Macdonald of Flor
ence, and NJ J. Evans, W. H. Dozier,
l. W. Felter, F. L. Smith and VIM. T.
Wallace and Dali DeWeese of Canon
City.
A. E Carlton, president of the First
National Bank of Cripple Creek and
prominent in other large financial in
stitutions in that city and the state,
will be president of the reorganized
bank. Mr.. W. II. Dozier will continue
as vice president. having recently re-
signed his position with C. s. Morey
& Co., and will devote his entire time
and attention to the affairs of the
Jain MI M d EVANS WHO was I0e
chief organizer of the Citizens State
Bank. and who has been its cashier
during its existence, has been ctGsen
to the position OF cashier in the new
bank. Mr.. Evans has had large ex-
perience in the banking business. in
Guiding the management OF the First
National Bank OF Ruthton. Minnesota,
for several years. and is in every way
well equipped for this larger field OF
banking and greater responsibility.
Mr.. A ]. Turner. popular and well
known to the patrons of the First Ma
tional Bank. will retain his position
as assistant cashier
The local directors need no intro
duction or commendation from the
Daily Record
Mr. T B., Coulter will retire from
the business in order that he may De
able TO give his entire attention to HIS
extensive business interests in this
city and elsewhere.
Under the terms of the consolida-
tion nearly all of the Citizens stock
holders will have substantial inter
~@f in the First National Bank---
AS VIII be seen, six OF the nine mem
6ers of the board of directors are resi-
dents of Canon CITY.
Mr.. MacNeill Is the we'll known con-
per magnate OF Colorado Sprinrs and
lne OF the principals in the develop-
nent OF Beaver Park. which is being
,arried on at an expense of not less
han $1,000. 900.
MI. Macdonald is largely Interested
n the Penrose-MacNefH Ninirp sra
Wiling Interests and has been for
eVeral years mayor Of the neirbbor-
ne city OF Florence
The resident directors are without
reception among our most Substantial
nd enterprising citizens.
Inc First National Bank will have
otal deposits OF approximately $500
90 and we believe there are few
anks in the country which have 50
trons financial backing and SO high
lent
The Citizens State Bank, though or-
anized only about four years ago. has
on the confidence of the people and
as prospered beyond the anticina-
ons OF its founders. The First Ma
onai Bank has been in existence for
bout twenty-five years and dnring
lat entire period has maintaIned us
ahiiity in the various financial crises
,ronsh which the state and country
ave passed.