Fitzgerald enterprise. (Fitzgerald, Ga.) 1895-1912, 1912-01-11
The Exchange National
Fitzgerald, Ga, January 8, 1912.

BANK, FITZGERALD, Ca
We ereet you today in this annual meeting with due ap
probation for your friendship loyal patronage ana your
great measure of financial strength and backing wmcn your
combined holdings your good judgment and your broad nu
ence naces under and around this bank making such giant
in STRENGTH and to give color and tone that our increasing
and enlightened population seem so much TO approve a a
mre and congratulate ourselves personally on Dehs non
ored by YOU with the great responsibility OF MAINTAINING ana e
evatne from time time the high standard OF strength use
fuless and popularity which you are oe'eino a yum ''o
ished institution shall enjoy.
While 1911 was in no wise panic year. yet IL resulted
in this section country unpotaby generally speaking
to all important with few exceptions During the year.
however we have great pleasure to snow yo your DaA
gained in business from every point OF view whatsoever SO at
at the end of the wear we reporting much deposits than
year ago. deposits ranging around TOUR hunded to
sand dollars that surplus and UNDIVIDED plohtS account
show closely to amount equal to the paldn caa soch
vz One hundred thousand dollars Out OF this account our
rocors have ordered five per semannua dividend to
he Maid TO YOU on this date of meeting and according TO
their wenown and established rule have lett considerable
sum in the surplus and undivided profits account Tor the use OF
the banks patrons and voluntary addlona oecuoh 10
the epositors of this bank This practice OF steady increasing
this voluntary additional protection fund means two distinct
and senarae things One stockholders are so WeXed
financially until they do not need to draw out all OF the profits
of this institution the other they DESTROYS OF increasing the
strength of the bank the close OF every semannual term
doing by leaving portion OF the banks prohts hS Vou
tarv additional protection fund
What all people, we'll informed on the subject of bank
ing like to see institution large cash reserve and
plenty of surplus and bills payable Upon the subject OF
SURPLUS our present honorable comptroller of tho currency and
likely the wsest comptroller have ever had in the history OF
our country says "A banking system that builds up large sur
plus makes for strength and stability At present We have
cash than we have ever had the largest surplus
we ever had and to the East This large cash
reserve means that although 1911 terminated with some string
ency ytW collected our loans splenddy Whch cohS our
iudgme1t in making loans
The records show by operations for 1911 in short
that the institution has moved great many degrees in the
scale of popularity and public patronage that we have met
with success everywhere and that patronage has been ex
tended for several miles followed by an extension OF our useful
ness in the directions We have something over two
thousand deposors books and trust that you
like ourselves hear no complaint the in which
treat this patronage .
We do not claim for ourselves all the credit for this
snendd showing but your directors and the thorough
going auditing committee which they appointed last January
are to share with us the credit deserved by this attainment
We have had monthly directors meetings and at these
meetdgs the directors through our examining and audit
ind committee enabad to get very clear ana satisfactory IN
sight into the internal condition of the affairs OF this bank and
have been ever ready advise with us and direct us IN the
wisest administration of our banking business.
We recognize the fact of the fundamental Importance OF
safe liberal and progressive banking institution in
munty as the same needul for the development and con-
servaon of the commnns and for this reason we
toward this end forgetting the interests of the general pub
lie dealing with them upon LIVE AND LEI LIVE basis
while at the same time endeavong to make ourselves mod
crate profits 1t policy and plan not to stand IN the way
of ally upright and deserving engaged in the pursuit OF
his business but rather assist him, making him our friend
and advocate and by this win greater patronage for
ourselves and public favor We believe that this policy
and nan becoming to be recognized by the public at large
and this together with ndoubted strength and safety eX
plains our splendid growth in the last twelve months
1912, believe
that there will be greater practice of every hand
less expansion in business that the winding of present
year. with the care which propose to inject into our work.
and energy which propose exercise in gaining legitimate
business we hope have report next January tor you
equally as favorable this present report
Please let us remind you that in prudent each of you
can win patronage this bank and shall greatly appreciate
any effort whatever of either of you to direct the
public to this institution for bank accommodations and avors
whenever opportunity presents ITSELF and IN some instances you
will be able to create opportunities for so doing.
Our best wishes will attend each of until shall have
Die pleasure of meeting again. -
f J. D. DORMTNEY, Cashier.
j. E. TURNER Vice President.