Omaha daily bee., 1910-01-12
NEW BANK is NATTONALIZED
Corn Exchange Stockholders Take
Action at Annual Meeting.
DIRECTORS WILL DECIDE TINE
Omaha National Bank elect New
Officers aud Also Takes in
Trio Of New Dlrec-
tors.

Stockholders OF the Corn Exchange bank,
at the annual meeting Tuesday, decided to
turn the bank into a national bank, giving
the directors discretion as to the time Of
making the change. The Corn Exchange
was the only state bank left in Omaha.
and probably will be made a national bank
at the time Of moving into the new quar-
ters at Fifteenth and Farnam streets. The
bank rooms in the Barker block are being
remodeled, although there is considerable
delay In material, some marble which was
shipped from st. Paul December Is being
still on the way. The Corn Exchange bank
was elected as q member Of the Clearing
House association some time ago, but 1t
has not started to clear as yet.
More changes in officers were made in
the Omaha National bank than I'm any of
the other Omaha banks. Three new direct
ors were elected at the meeting yesterday
afternoon, f. A. Cudahy, j.. DeForest Rich
ards and Arthur c. Smith. Mr.. Richards
is the new cashier OF the bank and w. II.
Bucholz, former cashier. is made vice
president. C. f. McGrew, vice president,
retires and w. NJ. Burgess is elected vice
president in his place. william Wallace
also remains as vice president, making
three Of these officials.
]. c. Mcclure Is the new assistant cash
Ter at the United States National bank. Mr..
Mcclure is a young man who has been
with the bank for ten years. entering the
service after graduation from the Univer-
sity OF Wisconsin. The directors declared
the regular 2 per cent quarterly dividend,
Alfred Willard, who resigned as vice presi-
dent January /, rtill remains in the direc-
torate.
City National Changes.
The City National bank has elected seven
new directors. These have been decided
upon for some time, but did not take office
until the annual election. The old
directors who were reelected are John +,
Flack, j. A. Sunderland, Robert u. Drake
c. c. George. J. r.. Webster, Or. @. F
Gilmore, Robert Dempster and william s
Hills. The new directors are d. A. Baum
II. S. Weller, G. A. Wiese, c. s. Hayward
H.. s. Weller, @. A. Weise. c. s. Hayward
o. c. Redick, w. L. Yetter and w. II
Rhodes.
All the Omaha banks had their annua
stockholders meetings yesterday Tn,
Merchants National decided to increase III
surplus from $350,000 to $4,000.
The only change at the Nebraska Ma
tional was the election of John S. Collins
to succeed Lewis S, Reed, who resigned.
Little Change In south Omaha.
The national banks OF South Omaha hell
their annual elections Monday and in mos
cases the election was a formality. will
but few changes. The principal chang
was the election of F. w. Clarke formerl,
cashier of Union Stock Yards National bank
to the same position with the Packers Ma
tional, filling the vacancy caused by tn
death OF Frank J Moriarty. He wal ais
elected to a seat in the board Of directors
The Union Stock Yards National BAN
made a change in the dictatorship b
seating Everett Buckingham in place o
Samuel McRoberts. E.. F., FV2a, vice pres
ident, was elected cashier in place Of F. W
Clarke. D.
The South Omaha National bank made n
changes whatever. At the Live Stoc
bank A. II. Fricke. Fl. o. Edwards an
e. A. Reed were seated and August Beres
helm and f. B. Shugart retired from tn
board of directors.