The Tupelo journal. (Tupelo, Miss.) 1876-1924, 1910-01-14
STOCKHOLDERS MEETING
)f Peoples Bank and Trust Company
Dinner at the Monaghan Hotel.

The annual stockholders meeting {
he Peoples Bank and Trust Compan
vas held in the directors room Of th
,ank Tuesday morning.
Mr.. High, the cashier, was prepare
to present to the stockholders state
nent which showed a remarkable vol
lme of business for the past year ha
oeen done by the bank and the earn
;ngs were entirely satisfactory. tn,
profits were more than Is per cent,
Ger cent. of which was paid out il
dividends, the remainder being carriet
20 the surplus account. The statemen
showed that at the close of business OF
December 81, 1909, there were on de
oosit with the bank $463,599.07, {
Jain of $150,C00.O0 in deposits from
The same time year ago.
The management had issued invita-
tions to the stockholders and the cottor
nen of the city to dinner which wa
served at the Monaghan hotel at two
o'clock. For this repast there were
more than fifty spreads. During the
hour number were called on and re
sponded in short talks. The first, Mr.
J. M. Allen, delivered a very encourag-
ing talk. Mr.. Allen reluctantly re
sponded, and said, This is an eating
dinner and not speaking dinner" :
cue which a majority who we're mo-
speakers we're glad that the speake,
furnished them. Mr., Allen reviewed
III. .ntl. Of business for the pas
two years and spoke of the splendic
conditions now prevalent and congrat
ulated the stockholders and patrons o
the bank upon the magnificent growtl
and popularity of the institution. H.
predicted that the future would brin
continued growth and prosperity to the
bank.
Mr.. ]. M. Thomas, one of the direc
tors, responded and said that in re-
ferrins to the affairs of the bank ht
would con6ne his remarks to one tea
ture of its management which he fel
had teen of inestimable benefit to the
business interests of this section; am
that was that no merchant or farme'
had been requested by the bank to sci
his cotton, and that the accounts hao
been carried cheerfully.
Mr. High, the cashier, in his remark
referred to the great volume Of busines.
which had passed through their hand
during the year, and especially during
the months of October, November ane
December, the amount each montl
more than totaling million dollars.
Following were those present:
j Rogers, JohnM Allen, M Thom-
as, W L Jovner, O B Rogers, R |
Pound, D W Robbins, P E Carothers
J I Read, T F Elkin, H E High, F !
Kincannon, c H Dahbs, 1 c Feemster
Theodore Robson, R A Weaver. G +
Maynard, G Thompson, W Wallace
E B Hulsey, L G Y Baker, R Jones, +
{ Patterson, W Hoyle, 2 7 Harper,
D T Yates, c c Hussey, E Motlow, s
S Harris, S J High, v S Whitesides, F
F Adams, J D Bryan, chas A Roberts,
P B Smith, K D Davis, G A McDufie.
R A Harris, S c MeNiel, 6 W B Smith,
1 Ballard.
AT the stockholders meeting follow
ing the dinner the following officers
and directors we're elected:
u Rogers, president; John M Allen
vice president; S High, cashier: S 5
Harris, assistant cashier. Directors
] ] Rogers, J M Thomas, W L Joyner
Chas A Roberts, A Bonds, S c Nc
Mel, John M Allen. o B Rogers, J E
Burrow L c Feemster, ] D Furtick, {
T Rates, D W Robins, R L Pound, {
Bryan, E G Kinds, E N Perry, S