The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-08-30
RICHMOND BANK IS

directions within the number of days
allowed us by the lending banks.
THE depositors in this bank and in
It's branches will not lose a penny un-
til the officers, directors and stock
holders have lost more than s36o,ooo,
a possibility which is so improbable
as to justify me in saying that every
depositor will receive one hundred
cents on. the dollar, and / am also
confident that there will be hand
some dividend lift for the stock
holders; in fact / can see no reason
why the stockholders themselves
should not receive par for their stock,
unless the l!quidating losses and ex-
penses are excessive.
Unusual Conditions.
"We realize that this is the first
bank that has retired in Richmond
for many decades; yet, at the same
time all of us must appreciate the
unusual financial conditions of the
country. being SO unusual as to demand
special attention from the secretary
OF the treasury in such a way as to
make his action individual In the
history of the country, and to demand
special session of congress, on the
part OF the president to provide
against financial stress in seasons such
as this through which the country Is
passing.
I'm conclusion I wish to emphasize
again that the losses to the depositors
will be nothing, and such losses AZ
are sustained will be by myself and my
associate stockholders"
/ The officers Of tho institution are
/ President. w l.. Walters; vice-pres-
idents. f. Y. Mcconnell and S. +. Wal
! ters and H. G. Proctor, cashier.
| The directors are:
! George c. Walters, J. r. Walsh
/ Hugh Denoon, w. Creed Davis, S. L
| Walters, f. =. Mcconnell. II. L. De
noon, William L. Wade. H. Stuart
MacLean, Horace $. Wright. Louis
| Washer, II. NJ. Bell II. G.. Proctor
J. r. Tucker, 7. C. Christian. Isaac
/ h. Davenport. w. l.. Walters, r. D.
| Watkins. l.. 7. Christian.
| The last official statement of the
bank, which was called for by the
| corporation commission in accordance
with the law for the regulation OF
State banks, was published August
10. 1913, This statement shows its re-
sources and liabilities at that time as
! follows.
RESOURCES.
Loans and discounts. .....s 915, 764 AZ
Overdrafts. secured. $491.-
| 49, unsecured, $7S3S6... 1875 60
| Bonds. securities etc. own
| ed. including premium on
same ................. 174,sso OF
Other real estate owned. 5,173 10
Furniture and fixtures. -. 12,4s7 "a
Exchanges and checks for
next days cloarings. 9,243 20
Other cash itens......... 67s 81
Due from national banks. 2.572 I'll
Due from State banks.
private bankers and
trust companies ......... 5.2o5 81
Paper currency .......... 3,409 90
Fractional paper currency.
nckels and cents. ...... $50 20
Gold coin ................ ass 90
Silver coin ............. 64e 90
| Total ..................s .044 0e
LIABILITIES.
Capital stock paid in. .....$ 800 900 90
Sudplus fund .,........... 10000 90
Undivided profts, less
amount paid for interest. -.., ~. .-,-.,
expenses and taxes.... 5.ss7 so
dividends unpaid ...... 22s 90
Individual deposits. includ-
ing savings deposits.... 6l5.sss IL
Demand certificates of de-
post ................ 1899 10
Time certificates OF de-
post ................. 45o 90
Certified checks .... 5,l42 10
Cashiers checks outstand-
ing ............, 5,6s3 IS
Due to national banks.. 57.176 SO
Bills payable, including
certificates of deposit re-
presenting -~nonay- boE- -~------,-.--------
rowed MISUNDERSTANDING. $4,000 90
Reserved for accrued In
terest on deposits ...... 1908 50
Reserved for accrued in
terest on certificates OF
deposit ........... 129 o2
Reserved for accrued taxes 1877 10
Total ..................$1 ,132.o44 06