The Forrest City times., 1913-06-27
A PROSPEROUS YEAR Bank of Eastern Arkansas Holds 27th Annual Meeting of
 Stockholders. Cashier fondren Reports Financial Condition of Bank Best in Years, With Largest Deposits Ever
 Recorded at This Season.
NO SUCH ITEMS AS BILLSPAYABLE
]. T. FOndren and J. E. Wynne Added to Directorate - Three Big Ss Reached - The Usual Div.
 idend Is Declared.

This is the oldest banking institu- tlon in St. Francis county, and one of the oldest in Eastern Arkansas. It was established in 1886, opening it's doors on September lst of that year, with capital of S30,000, all paid in. IL was 8 success from the first day. Later its capital stock was increased to S50,000, and then to Sl00,00O, but it's earnings, after paying 6 per cent semi-annual dividend year after year, begun to accumulate, and the surplus became so large that so much capital was not required, and it's capital stock was reduced to $50 1000, and then back to the original sum of s30,000.
 It's deposSus run into six figures quite generously. It has an unbroken record of success covering period of over a quarter of a century. It owns its own bank building, and is officered by some of the best-known, most con- seryative and successful business men in Eastern Arkansas, with Captain James Russell, of the Fussell-Graham. Alderson Company, as it's president; l; A. Becker, of Becker & Lewis, first vice president; John W. Alderson, of Russell Graham Alderson Company, second vice president J. T. Fondren, cashier; W. W. Campbell assistant cashier, and the following gentlemen composing the directorate James Russell, A. Becker, John W. Anderson, s. II Mann. E. P. Taylor, A. J. Vac caro, W. W. Campbell, Joel E. Wynne and l. T. Fondren. Miss Mamye Doyle and MT Harry Watson are the efficient bookkeepers.
 The stock is quite numerously dis tributed among business and profess slonal men generally, planters, ct al,, of the highest standing and integrity The Bank of Eastern Arkansas is a member of the Arkansas Bankers Association, and Its cash is protected by the very best burglar and fireproof vault and safe and the United States Fidelity X Guarantee Company, of Baltimore, Md It's loans are most conservative and intelligently and carefully made, so that It's record of losses is considered extraordinarily small and practically the lowest min mum
 On Thursday June l2, l9l3 there was held at the Bank building, the twenty annual meeting of the stockholders of this splendid bank, at which there was goodly attendance, and majority of the shares were rep resented The meeting was called to order by President Russell, and was enthusiastic and harmonious through out.
 NIT. FOndren, the efficient cashier, submitted his annual report, which was read, discussed and heartily ap- proved. It was most gratifying In that It showed the bank 10 be in the pest financial condition for many years; that the deposits are the larg- est ever had at this season of the year, and that the usual profits on the years business had been made. One special feature of his report was not ohly most gratifying, but absolutely unusual and extraordinary, and that was that this big institution has nc Sucil account as Bills Payable" on It's DOCKS That's what we call "goine some"
 It IS well known that it has long been the ambition and aim of Cashier fohufen to raise the figures of the undivided Profits" up to S3O, O,OO0 He calis It the three big B. That is to say the capital being $50, 900, and the surplus s3O, 900, he wants the Undi. 'iueo Pfohts to stand at s3O,000, and 'ihs Ilgure has now been reached and pasSed, but when the dividend is paid ,uly lSt, it will still be a few pV''afs short of his great ambition ne says however, that July win not paSs before he has accomplished his
 - N'A tiIC LHJOk tdlue OI GDls S'ocN Will be , for 1, though there is uOne on the market at that figure even now.
 VII fondren and his assistants were H'shiy complimented for the able ~A'ihef ln which the banks active "0ikihg affairs have been conducted sua as compliment to his interest IT SAa ueVotion to the banks affairs the ,'oohholders elected him to the al w ,wse'ofate. MT. Joel E. Wynne, ol ',uue, Love X Co.,, of Memphis, was r''o D 7, elected as director, Messrs. E NJ Nofton, of Benton, and John w hSlof ot this'city, retiring from the
 .here being no further business be adiourned s' ''''
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