The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1910-04-29
REPORT OF CASHIER.

vent SGvings Bank G Trust Com
pGny
Gentlemen-It is my privilege to
submit to you my second annual re-
port as Cashier of this institution,
and the fourth such report which has
been received by you. During the
twelve months just passed the bank
has undergone the most remarkable
growth of any period of its history.
That you may thoroughly understand,
l am giving you below a comparative
statement of the condition of the
bank at the close of business on
March 7th, 1909, and March 7th,
1910:
Showing a nice increase of $9O,315.-
49.
From the above you may see just
how rapidly this bank is growing. An
increase of 80 per cent in our total
resources within twelve months time
is certainly cause for qualification.
want to impress on you, however, that
growth like this did not just hap
pen. That kind of growth is not an
accident. 1t is the result of keeping
everlastingly hammering along the
right path, Of dealing fairly and
squarely with every man, woman and
child whom the influence of this bank
reaches. 1t is the result of the con-
tinuous effort to win friends and to
convert knockers. 1t is the result Of
faithful, continuous planning and
hard work, and, above all, it is the
result of the increasing confidence of
the public in the uprightness and
integrity of your officers and your di-
rectors.
We have not won this measure Of
success without struggle and without
sacrifice. Competition has been keen,
and we have had to offer inducements
You will note that in your savings
deposits there is an increase of nearly
$4,000 during the year. In time de-
posits there is an increase of over
$4,000 in the same time, total of
$4,000 increase in interest-bearing de-
posits, whereas the non-interest-bear-
ing accounts increased only $1,000
during the same time. There is les
son in these figures, and one by
which we may profit. The very word
interest has a peculiar charm for peo-
pie, and once you make a depositor
assured that his idle change is work
ing for him and bringing him in
some more, he begins to pay more at
tention to his account and tries to
build it up and not stop the inter
est. Many time the payment of a
few cents in interest has kept the &C
count going by encouraging the depos
itor, where otherwise it would have
been closed and the money withdrawn.
In the past year we paid out in inter
est S942.91. Our deposits increased
$4,000. For every dollar paid in in
terest there was an increase of over
$22 in deposits.
You will observe a decrease in your
expense account of this year and the
last year, Notwithstanding the fact
that we are employing an additional
man and another's salary was raised
during this period. At the same time
cur income for this period has in
creased. We are therefore getting
greater results with increased help
and at less expense.
During this time we have paid off
every cent of the losses incurred dur
ing the first years administration of
the bank, amounting to $780, We
have paid dividends amounting to
$67592, and interest to depositors
amounting to $942.31, total outgo
of $5,11S,23, and yet we are able to
show today a total net earning and
undivided profits of $1,65515.
During the past two months in
which we have had additional help,
| have given much of my time to
keeping close tab on the loans, and
on rounding up and closing out many
small notes and unpaid balances on
notes which had fallen behind.
Another banking institution has re-
Gently opened its doors near us.
am pleased to say to you that instead
of feeling the withdrawal of deposits
in any heavy amounts, it seems to
me that we have been benefited l
am at a loss to account for the i'm
mense increase in our business dur
ing the usually very dull month of
February on any other grounds than
this: By comparison during the entire
month Of February, 1909, we received
on deposit a total Of $24,S4020, and
suffered a withdrawal Of $27.477.07,
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