The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-01-11


annually making dividend payment
OF $4,000
letter Jones Promoted.
At tho Merchants National Bank the
only change in the official force
was the addition of G. Jeter Jones. for
some time manager OF tho savings de-
Dartmcnt as an assistant cashier in
charge of the savings department
The merchants Bank elected the fol-
lowing directorate: John p. Branch,
James II. Dooley. Charles S. Stringtel-
low, Thomas b. Scott, Fred w. Scott.
Blythe w. Branch. John Is. Branch.
Alex Hamilton. Samuel r. Morgan, Mil
ton e Marcuse. William II. White
Thomas Il. McAdams. James Caskie
and NJ. c. Branch. The vacancies
created by the death of Beverly b
Munford and the resignation of Colo.
mel y. s. Buford were not hllcd the
board being reduced In number. Off
GERS were elected as follows: John l..
Branch. president; John Kerr Branch.
president: Thomas Branch McAdams.
cashier, j. r. perduc and George H.
kcesce. assistant cashiers: q. Jeter
Jones. assistant cashier and manager.
of savings department.
Reports submitted by President
Branch showed n capital stock OF 5000
900; surplus and undivided profits OF
sl,o57 s6i7l; deposits of ,o7i.s7l.sv;
an annual dividend rate OF 30 per cent,
paid semi annually. making net divi-
dend to stockholders of $4,000.
Mostly Goes 20 American.
At the American National Bank
stockholders meeting. place was made
on the board Of directors for j. B
Hiosby, formerly director OF the First
Nat onal. The directorate elected is as
follows: i. Il. Mosby. w. {. Camp.
Oliver !. sands. Charles T., Wingo En-
nett Seaton. n. w. Rountree. James r.
Gordon. Edgar g. Gum. r. II. har-
wood. NJ. c. Patterson. Charles T.
n....tock and A. 81. Clair Butler The
death OF Jackson Guy, formerly a direc-
tor of the bank WAS reported
The directors later elected rho fol-
lowing officers: President, Oliver j.
sands: ce-Presidcnt. Charles L. WIN
go: Second Vice President, william o.
Camp; Casiiicr, o. Baylor Hil; Assist
ant Cashiers Waller Holiday and H.
". Durrett.
President Sands reported a capital OF
$500 900; total resources Of 5.c6l.5S5 OIL
surplus and profits OF 1851 ,5o9.4s. and
deposits of s3,oi3, $4,000. The presidents
report also recorded the completion OF
the new part OF the building. and the
new banking rooms into which Inc
bank has recently moved
Consolidation n Success
at the meeting OF the stock holders
OF the National Bank ot Virginia the
following directors were clected: e x.
Addison, e. l. Bcmss, T. II. Elicit. IT.
Theodore Ellyson. George L. Christian.
T. r. Cary. Carl II Noting. William r.
Reed j. ". Rothcrt. William North
rop. 4. c. Williams, Jr.. T. c. Laird
II. II. Lindsey, w. p. CHM Eppa Hun
ton .Ir.. II. G.. Rennolds. W. NJ Hab-
liston, Benz. p. Alsop, b. Rand Well
fnv N IRA, r, -rI
John r. Wilson. James a Moncure,
John Shelton Williams and F. d. WI.
liams.
The directors later elected w. NJ
Habliston president; John SHELTON VIII
liams. Vice president: William T. Reed
vice president w. NJ. Addison. cash
Ter; o. S. Morton. w H. Slaughter.
John Tyler and J NJ. Ball, Jr.. assist
ant cashiers.
President Habliston's report dwell.
at some length OF the DEVELOPMENTS
OF the business which have resulted
from the consolidation of the Bank O.
Richmond with the National Bank Of
Virginia. which took effect as of July
| last. He reported Il capital stock
of sl.200,0 900; surplus of 100000 and
| stockholders liability equal TO tho
| amount of capital stock. guaran-
| tee to depositors. making the guaran-
| tee fund amount TO 100000.
announcer SnccesHruI consolidation.
Another SUCCESSFUL consolidation was
reported at tho meeting OF the stock
holders OF the National State and City
| Bank, which on July /. 1910. united
| the City Bank OF Richmond with the
| National state Bank.
The following directors wero elected:
| r. p. Addison. James II. Anderson, J
l.. Antrim. James .. Crump John s.
Elicit. a. r. Ellerson, Joseph NJ. Four
, qurean. Horace S. Halves. S. III. Halves
| William NJ HILL Edward C. Mayo, Ed
win y. Palmer. William II. Palmer,
Granville G. Valentine, Stewart NJ.
! Woodward.
| The board later elected the follow
| ing officers: William II. Palmer, presL
dent John S. Elicit. vice-presldent:
William NJ. Hill, vice-president: ]. w.
Sinton. vice-president Julien H. Hill.
cashier.
| y condensed statement of the banks
affairs shows resources of s6,441,37l2G:
| paid in capital OF s1.oo0.o00; surplus
! and undivided profits Of s725.O9935;
/ circulation. so3o,ooo deposits of 81
as6,97lai