El Paso herald. (El Paso, Tex.) 1901-1931, 1910-01-12
ALI Banks of the City Elect
Directors and Declare Div
idends- Excellent Year Is
Shown.

Yesterday being the second Tuesday
of the year, it was the occasion for all
OF the banking houses in Ell Paso hold
ing their annual election OF officers
Dividends were declared, officers re-
elected, and the business OF the year, the
most successful in the history OF the Fl
Paso banks. was reviewed m the reports
OF the officers
Banking interest conferred in the Amer
lean National bank where a change IN
executive officers was to be made at
the annual meeting. 4. P Coles retired
as president of this bank ana his place
was taken by T. N. Wingo, vice Presi
dent and executive head Of the institu-
ten. W. J. Harris was elec-ed vice
president. J. VI. Wyatt, cashier. and j.
F. Primm and A: J. Schultz assistant
cashiers. The directors of the bank were
reelected with the exception of Mr..
Coles. whose place was taken on the
board by Z. Move. The other directors
are: A. Schwartz T. NJ. Wineo. ". j.
Harris, Fl. j. Donau OF Tucson; J. VI.
Wyatt and Richard Caples.
Capital Increased.
BY unanimous vote of the stOckhold-
ers. of which there were 81 present
either in person or by proxy. it was
decided to increase the capital stock
from 100000 to 100000 This addi-
tional seek had been subscribed, the
officials reported. and 40 new stock
holders ilad been added to the LIST Of the
bank The customary percent semi
annual dividend was accepted. A. p
Coles. the retiring president Of 5hs bank,
was presented with a silver loving cup
by the directors at the meeting Tues
day AMI resolutions were passed in APP
4 4 - L. GOln
has rendered the bank in the past.
First National Dividend.
Al an adjourned meeting of the board
Of directors of the First National bank
which was held this morning. the board
of directors which served during the
past year was reelected, a 10 percent
semi-aRnual dividend declared and a
surplus of $4,000 in undivided profits
was carried over. ". W. Turney was
made chairman of the loan committee of
the bank and the officers who were
elected to serve another year Were:
Joshua Reynolds, president; NJ. W.
Flournoy. vice president; John NJ. Ray
nolds. vice president; James G. McNary,
vice president; Edgar kayser. cashier;
Walter NJ. Butler and Francis NJ. Gala
CHER, assistant cashiers.
Rio Grande Bank Meeting.
Holding its last meeting in the old
quarters, the Rio Grande Valley Bank 4
Trust company reelected its present OF
ficers. and directors TO serve during the
wear. Established in 1905, this bank
has made a splendid record and has
taken its place in the ranks of the pro-
gressive banking institutions of the city.
The semiapnual dividend of percent
which was declared the first of the year
was distributed and a sum set aside as
surplus. The bank expects to move into
its new building on Feb. 1st, when 1t !
will be one of the most modern banking !
houses in the city.
CITY National
Declaring q sem;annual dividend Of |
percent On Jan. 1st, the City National |
bank distributed it at the annual meet !
ing Tuesday and set aside $500 as sur
plus. The old Officers were reelected for /
the year, they having been responsible |
for the success of the years business, |
which Just closed. The officers of the /
City National bank for the year are: |
I. 5. Stewart. president; A. g: An |
dreas. vice president; j. +. Williams, |
f. KOhIberg. H J. Simmons, B. Blumen |
thai, Frank Powers and ]. H. May, of /
Las Cruces, directors
National Bank of Commerce.
For an institution thar is but IS |
months old. the National Bank of Com
merce, Ell Paso's newest bank, made an |
excellent showing at its second stock
holders meeting held Tuesday. \
percent dividend was accepted by the
and $4,000 added to the
banks surplus and undivided profits.
The report OF the officials of the bank
proved to be highly satisfactory to the
who were present OF rep |
resented at the annual meeting The di-