Evening journal., 1913-02-06
Presented
10
George S. Capelle,
February o. 1913,

ired ID. Poole Edmund Mitchell. c. NJ.
Steward, Samuel X Smith, James L.
hliasop. Martin Lane and Townsend
W. Miller.
On the reverse side of the cup is
the inscription showing the steps In
the development of the bank from the
time II was organized. II follows:
The Bank of Wilmington and
Brandywine.
From April. 1910 to May. 1866.
The National Bank of Wilmington ana
Brandywine.
From May 1855. TO November 1912.
Liquidated 1912.
George S. Capelle
Director, August, 1868 TO May.
II. 1912.
President, January. 1889 to
November 1912
As VIII be seen from this inscrip-
tion Mr. Capelle had been a director
OF the bank for more than "A years
and had been It's president for "a
years. During that time the insti-
tuition has grown from a small bank
TO one Of the largest and best known
institutions in the city
William T. Lyman. on behalf of the
Board of Directors, presented the CUP
TO Mr.. Capelle In a speech in which
he dealt with Mr. Capelle's long CON
nection with the bank and the pleas
ant relations that the directors had
experienced in their relations with
him
Mr. Capelle was taken completely
by surprise and was very much over
come by the presentation. lie thank
ed the members OF the board and said
that the moment was one of the hap
piest that he could remember. He
gave very interesting account of
many incidents that had happened
when he was first connected with the
bank when some Of the directors who
were present last night were mere
boys and bad not gotten out OF prim-
airy school. He gave "A very interest
ing and accurate history OF the bank
OF which he said In part
History of the Bank.
The National Bank of Wilmington
and Brandywine is the second Oldest
Banking Institution in the CITY. and
state and was organized April 10.
1910
1T has had eight Presidents in its
career; William Poole was elected the
first President April 16. 1910. but de-
clined to serve. John Way succeeded
TO the Office on May 10, 1910. and re-
mained i'm the position until April g..
1919 John Torbert was president
from April 5. 1919. until May IL.
1924. John Wales, the father of Judge
Wales, was president from April "a.
1924 until April "a 1929. william
Seal. from April 9, 1929, until Sept
"a, 1912. George Bush, from 1912 until
Sept 1863 John A. Duncan from
1868 to 1869. and Washington Jones
from 1863 until 1883, and was sue
ceeded by myself, on Aug 1889 and
served until November 1912, being
service Of nearly "a years. aud the
longest service as president since the
organization of the bank"
"At the time 7 was elected, August
1865, TO succeed John A. Duncan. who.
was president and whose death oc-
CURED al that time the following
We're directors OF the bank; Washing
ton Jones, George w. Sparks. Jesse
Lane, Thomas ". Bowers. James
Morrow. Jacob Pusey, stephen South
ard. and William Richards. all OF
whom have passed away long since
81 find the following men from
time to time since that period have
served as directors of the bank: Ed
ward Pusey. Or. John T. Wales. Al
len Gawthrop, Henry Mendinhall,
William G. Pennypacker, Henry +.
Dure, W. S. Craige. William r. Por-
ter. Thomas Jackson, Thomas 3.
Smith, Holstein Harvey, J. Newlin
Gawthrop. Willard c. Jackson, and
Charles S. Gawthrop. all OF whom
have passed away. except the last
four These men are all who have
served as directors, except the men
who are present at this time"
Development Of Institution.
In respect of the growth OF the
bank. Mr. Capelle gave the following
figures, which have been divided into
Eve year periods, showing the great
development Of the institution since
1868
1Ses-surplus, $4,000: undivided
profits $4,000 total $4,000: de-
posits. s26a.O
iS7s-surplus. $4,000: undivided
profits $1,000 total $4,000; deposits,
1901 600
Surplus. sS5.O00: undivided
profits $1,000 total $4,000; deposits
$4,000
1885, Surplus. 10000. undivided
profits. 10000. total. 100000: de-
posits. S5f2 0O0.
1SSS-Surplus, 100000: undivided
profits ss4 zoe: total. $4,000; de-
posits. S420,000
1s93-Surplus, $4,000: undivided
profits, s27 Oo0: total S152,0 900: de-
posits. 1888 600
1s9s-Snrplus, $50 600: undivided
profits. 500 600: total. s173 900: de-
posits. s6S0.000
1903-Surnlus, 100000: undivided
profits. $40 600 total, S27O 600; de-
nosits. s1.150000.
190S-Surnlns, $500 600: undivided
profits. S63000 total, 1868 600: de-
Dosits 81 250e00.
1a12-surnlus. 100000: undivided
profits, $50 600. total, S4S0,000. de-
pOsits Sl.55O.O0n
Mr.. CsDelle's career as a business
man IN this city and State has been