The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-01-11
SIX NATIONAL BANKS
SHOW FINE BUSINESS
in Annual Meeting, Receive Graf
flying Financial Reports-Old Directors
Reflected Only Few Chan ges
Being Made.

All six OF the national banks oper-
atinE in Richmond hold annual stock
holders meetings yesterday as re-
| Guired By the national banking act,
and in every case encouraging reports
were made of business conditions. Di.
rectors were elected. nearly all OF
those formerly in charge succeeding
| themselves. and later the directors re-
elected officers.
At the First National.
at the First National Bank the fol-
lowing directors were elected: r. NJ.
Darlington. $. Dahney Crenshaw. q. IL.
Christian. Jr., Charles Davenport, -.
o. Davis. G. ~. Davenport. John G.
i1nslcy. John NJ. Miller. ,Ir.. John r.
Purcell T. NJ. rutherford, T. A.
saunders, Jr.. f.. Sit,eriing. J. stern,
y. ID. Williams. Henry w Wood. Cole
man Worthnm. Fred L. Noting and II.
l.. Cabcll. the last two being new
names on tho board. J. B. Mosby re-
tired from the board and was elected a
member of the board of the American
National.
The directors of The First National
later elected the following officers:
John II. Purcell president; John VI.
Miller. Jr. vice-presidcnt and cashier.
/ Frederick f. Noting. Weep president,
Charles r, Burnett. assistant cashier:
j. G. Joplin, assistant cashier: w =.
shelton. assistant cashier Alex F. Ry-
land. assistun; cashier.
President Purccii's Report.
President Purcell submitted the an
nual report of tho hoard OF directors.
showing current gross pronts for :he
year. 1895. 1913; recovered from old
debts. Ss,l5e.7s; profits on sale of United
states bonds. s765.G3. total. s3+5.oTl.S4
Less: Taxes and cxpcns- i. sl3+.o72a7:
losses charges on. s2.ii7.73: dividends
paid stockholders. 100000. balance al
undivided profits from 1909. S57,642.a4.
carried 10 surplus fund June 30. 1910.
, 800 600; undivided profits January /.
1911. sd5.323.is.
President Purcell stated that tho
year had shown steady incronse In
the business OF tile bank. both in
volume and earning power. and that
though throughout the year the gen
! eral business OF the country showed
wide huctuation, We, the money rate
| building SIS carried on the books at a
valuation OF $4,000, but tho assessed
/ value is $4,000
| Accident TO BUILDING
| The report says: "On September %
last. owing 10 excavations made by
adjoining property owners, portion
| of the eastern wall Of our bank build
porary quarters which were occupied
! for three months In making the repairs
| we took occasion to strengthen the
walls and make other needed repairs
and changes. which. when all bills arc
| paid Will make our bank building APP
pear on the books at slightly in
| creased figure. but far less than the
| actual or assessed value. The damage
| incurred by the accident is covered by
special contract with the adjoining
| property owners. TO save us harmless
| 10y reason of their operations"
Smith Made Sicc-Pre.Idcnt
AT the meeting OF the stockholders
| OF the Planters National Bank, Richard
II. Smith. for many years cashier and
regarded as one OF the most progress.
! sive bank men in Richmond. was made
second vice-president and cashier. Di-
rectors were elected by the Planters
Bank a 8 follows: James y. Boyd. p. j
| Montague. w. ]. Westwood, T. william,
Pemberton. Morton p. Rosenbaurn and
] Richard FL Smith. The directors elect
cd James y. Boyd. president; j. j. Mon
| taGue. vice-pres uent: Richard H.
| Smith, vice-president and cashier
| Conway Fl Gordon and r. Latino,
| Gordon. assistant cashiers. The bank
reports capital stock of 100000
with surplus and undivided proits
amounting 10 sl.s0OO0o. The dividend
! rate has increased in the past year