Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1910-01-22

Three Men Advanced a Step Up
ward-Directors Pay Touching Trib-
ute TO MIR. Seibert, Long President
of the Bank.
From The World OF Saturday:
The directors of the Peoples Trust
Co. met today at 1890 o'clock and or
ganized by electing the following Off
GERS:
President-Frank E. Wilson,
Vice Presidant-G. w. McKown.
Secretary-James F. Thompson.
Cashier-Dudley Harley.
Assistant Cashier--Walter Trout.
Finance Committee. e. Wilson,
G. w. McKown, George w. Roush, r.
L. Snodgrass, w. w. Houseworth, Jas.
r. Thompson and Alex Clohan. The
clerical force was retained: Miss
Freda Grove, bookkeeper and Miss
Agnes Martin, assistant bookkeeper.
When the board of directors met
the resignation of President Henry j.
Seibert was accepted, likewise that Of
Cashier Frank e. Wilson.
The organization today caused more
than the usual ripple in financial cir
cles in advance of that event from the
fact that tahe resignation of Mr.. II. ].
Seibert, which was rendered two
weeks ago, would involve some i'm
portant changes among the bank Off
cials. AS it turned out, however, no
new men were elected, Messrs. Wilson
Harley and Trout being simply adj
vanced a step upward, an action that
will be generally approved
Mr.. Wilson, the new president of the
bank, had been cashier since January
1898 and has been connected with the
bank since boyhood. He is regarded
as one of the most astute bankers in
Martinsburg.
Mr. Harley, who succeeds Mr.. Will
with the bank since 1895 and was as
sistant cashier for the past eight
years. He is thoroughly competent as
an official.
Mr.. Trout has been with the bank
for the last five years and is popular
and efficient.
Mr.. Seibert, the retiring president of
the Peoples Trust Co. became it's first
president in 1901 and was, also pres
ident for ten years of it's predecessor,
the Peoples National Bank, succeeding
the late A. ]. Thomas. He succeeded
the late VIM. Fl. Mong as director of
the latter institution. Altogether he
was identified with the two banks
named since 1876, a period of 81 years.
Tribute to Mr. Seibert.
At the directors meeting today the
following testimonial to the worth and
service of Mr.. Henry ]. Seibert as a
man and bank official was unanimous
ly adopted:
Martinsburg, w. Va,
January 7, 1910.
At meeting of the Directors of the
Peoples Trust Company, held Deem
Der 81, 1898, the resignation of Mr.
Henry ]. Seibert, President, was pre-
sented, accompanied by the statement
thai his 81 years compelled change,
and entitled him to relief from the
was it considered, and after some dis
cussion, the resignation was ordered
laid on the table until future meet
ing, in order that the Directors might
have time to consider it in an appro-
pirate manner and with the respect it
so justly deserved.
On motion committee of three
we're appointed and duly authorized to
prepare testimonial of respect and
esteem, showing the high regard of
the Bank for Mr. Seibert, and his long
term of service and present the
same to the next meeting of the Direc-
tors; also to have prepared at once
life-size portrait of him and place the
same upon tn" wall of the Banking
room. In compliance with this author
iIy the undersigned committee sub.
u'its the following:
Statement
On the 9th day October, 1876, Mr..
Henry ]. Seibert was elected a Direc-
tor of the Peoples National Bank OF
Martinsburg, w. Va. He continued as
such until January IA, 1898, when he
was elected President He served the
Bank faithfully and efficiently, as its
last President, until August IA, 1901,
when it was merged into the present
institution, the Peoples Trust Com
pany. On this date he was elected first
President of the latter or present Com
pany, and has continued as such until
now, the time of his resignation-rep-
resenting years of arduous, faithful,
and devoted service in cause he
loved, and in which his ability and in
tegrity have proven him "the right
man in the right place" During all
these years he has never faltered in
his obligations or failed to execute
his duties without fear or favor AS
result he has merited the respect and
esteem of all with whom he came in
contact HE adt,,f o,o 11,;n., ga