The leader-enterprise. [volume] (Fitzgerald, Ga.) 1912-1915, 1913-01-17
To The President and Shareholders
Of the EXCHANGE NATIONAL
BANK, Fitzgerald, Ga, Assem-
bled in annual meeting, Tues,
JAM, 18th, 1913
Extracts from Minutes of Annual Meeting]

Imee Ing, and give Ch1S expression OIL our
thankfulness and Of our pleasure in greeting
lyou here.
We take it that, by your presence, you
|are mani Testing lively interest in the at
fairs Of your institution. We presume, also
that those few not present are willing to
|abtde the result of your to-days deltbera-
t1ons and that they have provident1al causes
for not joining in the
Last year we, the active Officers in
charge, felic1tated sand congratulated our
selves upon being the servants Of such an
array Of strong business people as your
selves, and rejotced all along the the n
strong financial back1ngzyou placed behind A
US, and over the high public favor in viii CHI q
YOU are held among the patrons OF this in
stitut ion and the general public, showing
your willingness at all times to aid by
whatever cooperation lay wi thin your power
It is the to-day, because Of the good
fact that all Of shareholders appear to
have been perfectly satisfied with their
holdings in this institution, and therefore,
have not parted wi tn the same, giving US TO-
day the strong line up Of shareholders
that we enjoyed year ago. Therefore, there
is an earnestness in appreciation Of all
of our business surroundings, and the uni
form friendship, which seems to 1nter-l1nk
our Shareholders, directors and officers
together.
The year 1919 the most prosperous
and remunerat1ve in the history OF THE EX-
CHANGE NATIONAL BANK. Tt was good fortune
to win new accounts until our volume Of de-
pos1ts at divers times, approached very
closely the Half Million Dollar Mark. This
growth in patronage conv1nces the officers
inside that the strict supervision on the
part OF your expert enced directors, doing all
within their good judgement that could wise
lv have been done to prove to the public
that there was a we'll det ermtned and in
creas1ng protection thrown around our depos-
ttors and that the policy OF this 1nst1tu-
ii on should be, not to pile up tremendous
profits, thereby imposing heavier rates upon
the public, but rather to be liberal with is
services giving patrons an opportunity
to profit by dealing with US, has caused many
people to prefer US.
Since last met, Surplus (Which is
but Voluntary protection fund for deposi-
tors) has reached One Hundred Thousand Dol
lars, equal in amount to paid In Capital
stock This gave this Institution in last
July the distinction OF entering upon What IL
known throughout the Uni on as National
Bank Honor Roll. There but few Of these
HONOR RobL BANKS in the State Of Georgia, an9N
Fitzgerald is the youngest city to enlist.
We have pleasure in certifying to you that
we had very Strong cooperation and wise d.
rectton from your directors in 1919, who, as
they become experienced from year to
wear in directing the affairs Of this 1usti-
tuition. show signs Of the application and
use Of that accumulate expert ence, in that
they make their exam1na t1ons and supervi-
ons more tohrough from time to time during
the term Of their service; SO tina your 1nsti-
tuition now has its very mud-s1lls and foun-
dation t1mbers firmly placed, and the 1nst1-
tuition, We feel, is Of the most firm
1y rooted and strongest banks to be found
anywhere.
Wi tn this prepare ton laid, we see no
reaso on why THE EXCHANGE NATIONAL should not
be able, at the time Of another Annual meet
ing to render you report equally as good
as this, and if our WI she's and our ambition
avail the report will be better still.
Respectfully,
j. E. TURNER, TICE-PRE6 IDENT