The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-01-10
NATIONAL BANKS
SHOW GOOD YEAR
Stockholders Meet in Annual
Session, Elect Directors AMI
Receive Reports.
FEW CHANGES ANNOUNCED
American National Increases
Capital TO SI,ooo,ooo-Wal-
tiers Succeeds Dcnoon.

Directory and officers were elected
yesterday by tie seven national banks
OF the city. the old officials succeeding
themselves in nearly every case. he
ports indicated a most prosperous year,
all of the banks having paid their
usual dividends, anu IN some cases IN
creased them The most significant
announcements following the series Of
stockhoidcrs' meetings which went on
all through the morning was the ac-
t!on of the American National Bank in
authorizing an Increase In It's capital
stock from 100000 TO sl.009.Go0, ef-
fective from February 10. The In
creased capital. II WAS stated. would
put this bank In an even better posi-
ton TO take care OF It's large and
growing business.
80 the First Nationn! Bank the re-
port o. the directors showed that
100000 had been paid ont In dividends
10 stochh oldcrs during tho past year.
and thu; on January the directors
Increased tho dividend. go that here
after It Will total $4,000 a year, or
II per cent. on tha capital stock Of
S!.4Vo 900.
Firat National Board.
The stockholders elected the follow
Sas as the board of directors for the
ensuing year: Henry L Cabell. T. NJ
Darlington, 6. Dabney Crenshaw. A. Fl.
Christian, Jr., Charles Davenport, G.
A. Davenport. John C. gasley. o. FL
Funston. John NJ. Miller. Jr.. Frederick
=. Noting. John 3. Purcell. T. 81. Ruth
ertoord. z. a. Saunders. Jr F. sitter
ding, I. stern. A. D. williams, Henry
w. Wood Coleman Workman.
Later tho directors met and elected
the following oG1cars: John L. Purcell,
president; John NJ. Miller. Ir.. vice.
Eolting, ce-presidcnt: Charles r.
Burnett. assistant cashier; J. c. Jop-
lin. assistant cashier; w =. Shelton.
assistant cashier: Alex. F. Ryland. az
.istant cashier.
~ both tho First National and at
the National state and CITY Banks tho
promise vas made that the new year
would sec the banks in new quarters.
The National State and City Bank is
rcmodel!ng the old state Bank Build
Ing, and the First National has Joined
forces with the Chesapeake and Ohio
Railway In the erection OF the new
skyscraper al Ninth and Main Streets
Directors were elected by the Ma
tional state and City Bank az follows
r. p. Addison. James IL And erson.
+. antrim. James d. Crump. John S
Elicit 4. r Ellerso1. Preston Cooke.
Horace S. Hawes. 5. II. Halves. Will
liam NJ Hill Edward c. Mayo. Edwin
y. Palmer. William II. Palmer, Gran
vile G. Valentine. Stewart NJ. Wood
ward.
The directors later clscted William
II. Palmer president: John S. Elicit.
vice-president: william NJ. Hill. vice
president; ]. w. S!nton, vice-president:
julien Fl. Hill. cashier.
Planters National.
Directors were elected By the Plant
frs National Bank as follows: James
y. BOYD. ]. J. Montague. w j. West
wood. r. william pemberton, Morton
r. Rosenbaum and Richard H. Smith.
Tho directors elected James y. Boyd
president: ]. ]. Montague. vice-presi-
dent; Richard n. Smith, vice president
and cashier: Conway II. Gordon and r.
!.atimer Gordon. assistant cashiers.
On its capital stock of 100000 divl-
bends amounting to 90 per cent. are
paid senil-annualiy.
The Merchants National Bank elected
the following directories: John =.
Branch. James II. Dooley, Charles S.
etringfcllow. Thomas T. Scott. Fred
w. Scott. Blythe ". Branch. John Kerr
Branch, Alexander Hamilton, Samuel
~. Morgan, Milton z. Marcusc william
TT. White Thomas Branch McAdams,
James Caskie ana A. c. Branch. on