The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1913-01-02
Financial Institutions All En-
joy q Splendid Growth
and Fine Profits.
MONEY BAR ONE TIERS
OF the Community Give Good
Idea of the Rapid DeVel-
opment Of the City

I = tNr%NNN N"AA
burg had great prosperity tlies year
Just ended. Every bank III the city
did a larger and more pron,abIe BUST
ness than the year, previous ana they
Show that there Is more wealth ID
Clarksburg than ever.
The Empire National Bank made
sixteen and one-hait per cent on .lta
capital stock and itshad great gain
in deposits, the amount Of gain being
100000. Out or its earnings ii paid
Its stockholders the regular three
per cent dividend every six months
and placed $4,000 to the surplus
fund. The year was one Of great
prosperity, the best by far in the hIa-
tory Of the institution.
The Union National Bapk recently
moved into its slxyscraper. where even
more modern methods are being am
ployed owing to the fact that the bank
equipment and banking rooms are
strictly up to date. The institution
made thirteen per cent on the capital
stock and would have made sum
more il it had not had an average
of S150,0o0 tied up in the building
under construction and not bringing
in any revenue. The usual four per
cent dividend every Six months was
paid the stockholders. The bank de-
posts increased sS29,O0O over those
of last year. Sixteen thousand dol
lars was placed to the surplus fund.
The years business was large and
most satisfactory with the outlook
bright for better year Just begun.
The Farmers Bank enjoyed great
progress and prosperity along with
the ather banks Of the citN 1t made
fourteen per cent net ON It's
capital stock, of which six
per cent was paid to stock
holders as dividends and eight per
! cent placed to the surplus fund. Tho
deposits show an increase of eigh-
teen per cent the year ended, The
Stockholders as wen as the general
public are pleasd to know that the
institution is progressing nicely and
has an immediate bright future. the
assurance being that It win keep
pace with the growth OF city and
county.
The Home Bank for Savings in It's
new quarters at the corner of West
Pike and South Third streets looks
forward to the best year Of it's his
tory. With more spacious quarters
and better equipment the institution
purposes to enlarge its business
greatly and to rendp even better
service, II possible. The Home Bank
had an excellent year lust closed
the best it ever had. The deposits
increased $4,000 and tie percentage
made on the capital stock was
twelve. The usual three per cent
dividend every six months was paid
A neat sum was carried to the I'M
divided profits account.
Announcement Is made that the
Lowndes Banking and Trust Conn
pany had a most excellent year and
is enjoying great prosperity. The in.
stitution is constantly growing and
Its list Of patrons. consisting Of
many townsmen, is large and growing
at rapid rate. The institution is a
leading one in ,banking circles and
Its long established reputation for
reliability and efficiency as wen as
courtesy and accommodation makes
1T one of the most popular savings
banks in the state.
The West. Virginia Bank had an
especially suecessfaIl year, its de-
poslts incEe4slne1s approximately
100000. While II did not declare
"a dividend, 1t added a very substan-
tial sum Of money to its undivided
profits. The year was one that CRATE
fed the bank stockholders and ON
GERS Its many patrons are well
pleased with the high degree Of sue
J, cess attained through Che efficient
and courteous cashier. Richard a.
Farland. and other officers Of the In
j, stituton, and they look to the year
lust begun as one that VIII mark even
more signal enlargement and success
LOT the institutions business.
/ The three national banks will hold
! their annual stockholders. meeting
Tuesday, January Il, to elect direct
ors and officers The West virginia
Bank viii hold lts annual meeting
1870 o5ssS;,s,s- <. 80 -S,sS,S