The Caldwell watchman. (Columbia, La.) 1885-1946, 1911-04-28
Columbia, La, April q, 1911.
History of the Ouachita National
Bank.

History of the Ouachita Nationa
Bank.
Following is from the Monroe
Daily Independent:
The present Ouachita Nationa
Bank was formed by a consolida.
ton of the former Ouachita Ma.
tional Bank and the Monroe
National Bank, which took place
on April Goth, 1907. The former
Ouachita National Bank was or.
gained ON April 10th, 1887. with
a paid in Capital Of Fifty Thou
sand dollars. D. A. Breard, Jr.,
now deceased, was it's first presi-
dent, which position he held
until his death in the spring of
1904. Mr.. Uriah MiiIsaps then
succeeded to the presidency and
held the position until January,
1907. Mr.. r. E. Flournoy was
then elected president and held
the position until the expiration
of the banks charter and the
consolidation with the Monroe
National Bank, retaining the
position Of president with the
new Bank. +. T. F. Mlllsaps
was the first cashier Of the Qua
chita National Bank which posi-
ton was held by HIM until his
death in January, 1889. Mr.. 7.
E. Flournoy was then elected
cashier and held the position
until March LIST, 1902, when he
resigned to accept the position of
cashier of the Monroe National
Bank. MIR. J. J. Jordan was
then elected cashier of the Qua
chita National Bank and held the
position until June 1st, 1901,
when he was succeeded by Mr..
0. B. Morton who held the posi-
ton until the expiration of the
banks charter and the consolida-
ton with the Monroe National
Bank, retaining the position of
cashier with the new bank.
The Monroe National Bank was
organized on July 3rd, 1889, with
a paid in capital Of sixty thou
sand dollars. MIR. L. D. McLain,
deceased, was it's first and only
president, retaining this position
to the consolidation with the
Ouachita National Bank. MIR. J.
A. Conway was the first cashier
of the Monroe National Bank and
held the position until March LIST,
1902, when he was succeeded by
Mr.. T. E. Flournoy who held the
position until the" consolidation
with the Ouachita National Bank.
Upon the consolidation of the
Ouachlta National Bank and the
Monroe National Bank on April
10th, 1907, under a new charter,
either name could have been
taken but it was thought best to
retain the name of the Ouachita
National Bank as this was the
older and better known of the
two Institutions and this was
done. The consolidated banks
under the name of the Ouachita
National Bank began business on
April Goth, 1907, with a paid in
Capital of TWO HUNDRED |
DOLLARS and a
Surplus of ONE HUNDRED
DOLLARS, with |
The following officers, to-wit:
T. E. FIournoy, President; F.
:. Hudson, Vice President; j. S. |
Handy, Vice President; 0. B.
Morton, Cashier; J. T. Austin,
Cashier.
Directors-T. E. Tourney, L.
D. McLain, F. 6. Hudson, J. S.
Handy, |. Baer, J. s. Bloch, D.
4. Breard, |. Sugar, Sig Haas,
!. M. Keller.
The officers and directors are
he same today with the excep-
ions that upon the death of L.
}. McLain in February, 1910,
ur. J. T. Austin resigned the
position of Assistant Cashier to
axe charge of the estate Of l..
}. McLain as one of its execu-
ors and was elected a director
# the bank to fill the vacancy
aused by the death of Mr.. Nc
lain. Mr.. F. D. Gibbs was elect
ID as Assistant Cashier to fill
he vacancy caused by the resig-
lation of Mr.. Austin.
In reviewing the changes in
he Monroe National Bank and
ne Ouachita National Bank dur
ng the past twenty odd years, it
will be noted that Mr.. 7. E.
Tourney has held the position of
ither cashier or president in one
r the other of these banks con-
inuously since January, 1889, to
he present time. Mr.. 0. B.
dorton has held the position of
asher in the Ouachita National
Sank since June /, 1901. Both
lr. Flournoy and Mr.. Morton
we're employees in the Ouachita
National Bank in lower positions
efore being promoted to officers.
The present active working
orce of the Ouachita National :
7. = 4 L. l.,