The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1913-07-18


The Grenada Bank is to be COM
mended for the wisdom of such gather
ings. They have softening effect on |
all who attend; they serve to make men /,
better understand each other and tn see
the good that each is trying to do. and
there could scarcely be any way by |
which the Bank could better advertise |
itself and at the same time render the
community and the state genuine pub |
lie service None but a wide awake,
progressive management would do
what the Grenada Bank does, and 1t is
little wonder that it holds its old
friends and customers and makes many
new ones year by year. AS an illustra-
tion of this. the Rank now has over
1000 depostors. gain of nearly eight
hundred during the past twelve months
President Thomas seems to have
learned we'll years ago the lesson that
SO many never learn, and that is, 1T is
men that you must deal with IN life
Hence, that enterprise that humanlzes
its business efforts.and endeavors to
catch the likes and understand the dis
, likes of men, has made great stride
towards success.
} The Grenada Bank has always court
ed the closest scrunty and the very
freest access to it's methods and its
e business. On July its total deposits
q amounted to 81, S88, 1922. From the
= president 8 report, which was read in
d the hearing of all present in the direc-
. tors room on Monday morning, it VIZ s
y learned that the total earnings of the
d bank for the 22 years of its existence
= had been STAG, 239. For the first seven
h years of the Bank $ career, an annual
J. dividend of per cent was declared,
g and then for two years dividend of lC
II per cent was paid stockholders and the
tenth year the capital stock was dou-
l. bled. After paying an annual DIVIDEND
e of per cent for the next three years,
Is then 10 per cent and for two years /.
l. per cent, dividend of 80 per cent was
declared and the capital stock still fur
p ther increased, or made $3.50, 900. 90
a. The Bank success has been such as Il
~ almost startle. The Sentinel hazards
m the statement that twenty, or even tif
10 teen years ago, there could not hav'
T. been found ten men within the state o
h, Mississippi who would have admitte
ye that the Bank could achieve what it ha
n | D. .Iot - ko, x,,.lt h.. d,
DE- history and its management are sti
striving for greater and better things
Ii The sagacity and wisdom of Presiden
It, Thomas is ably seconded by the cash
u Ter, V. K. Patterson, who is not onl
nd business to the core, but is one of thos
W gracious, elegant gentlemen who de
ir. servedly makes friends of everybody
m The Grenada Bank has never faile
in to bear its part in every public mov'
'ed ment and has always been generous
M making donations to those objects {
pie purposes intended to promote the be
eds terment of the community. The pare
len Bank and all its branches have contri
ins uted literally to public and civic il
proyements, as for example during L
yed wear 1912, Sl20O was contributed f
all good roads and for the present ye
'om SllOO has already been given for go
: of roads and drainage.
The following frem out of town We
'ton present:
,ed- JW McClntock, w d Richards,
- H Allen Jr, NJ Powdll, Belzoni; F
Stevens, Swifton; Hon r c Gulled
Bowling Green; Hon Fl C Carter, Lot
vile; T w Foard. Eupora, K A Hoov
Moorhead; C Sisler, Vardam
Hon Hall w Sanders, Charleston;
Fox, Duck Hill; G w Armstrong, {
feeville; H A Dame, Tillatoba; [
Crosthwaite, T A Davidson, l. Ba
Woodland; J l. McCracken, Louisvi
TR Davis, Vardaman; c Fair, 81
gis; r II Glenn, J M Harris, Noxs
70. 90 ter; ] w Lucas, Moorhead; B N We
Calhoun City; C A Torbert, AckerH
,6.2l T l. Gilmer, Belzoni; o c Leigh,
'i'' pora; d l. Fair, A S Harris, Loulsv
G w Winters, McCool; w A G;
81. 3s Paul Krlvos, Swifton; W A Black,
96. 81 Cool; Hon J E Norwood, Magnolia;
Schryver, Louisville; R King, CIR
wood; E Coleman, Doddsvile;
tank Dennis Murphrec, Pittsboro; + M
ron, Alderman, T F Taylor, Eupor'
ance C Cooner. Pittsboro; N Berry,
we're houn City; C C Fancher, McCool;
dyer Jagoe. Okolona; T H Dickson. 5
not, Miss, Bankers Assn, jackson; } M
Beath, Meridian ] F Flourney,
ton; Henry Hart, Winona.
ctors Only recently the books of the
re- and all its branches were audited
'd by the Americ can Audit Co. of New Y
p.rL and herewith is included the repor
items the audit company.
--------e - -