The roundup record. [volume] (Roundup, Mont.) 1908-1929, 1913-01-17
CITIZENS BANKS
ANNUAL MEETING
OLD OFFICERS RE.ElEcTED-
BANKS SURPLUS RAISED
TO 100000.

On Monday evening, Jan. 9Th. the
Citizens State Bank of Roundup held
its annual stockholders meeting fol
lowed by the regular directors meet
ing. The report presented by the
management showed the institution to
nave made gratifying progress the
past year, there having been an in.
crease In depositors and deposits OF
over twenty-five per cent during the
year.
The rs-Aort Of the auditing commit.
tee showed all accounts in balance
which was loaned to the people OF
Roundup and vicinity; readily con
vertible assets such as warrants and
bonds $16,00O.00; loans to officers and
directors less than two per cent OF
all Ions; cash and reserve, thirty
per cent over the amount required by
law
The following directors were elect.
ed:
d. W. Slayton. NJ. r. Swanson, Geo.
D. Mills. N. Il. Mcdonald, /. E.
Schneider and G. F. Richardon. D. w.
Slayton Of Lavina is an old time stock
man of Motana. and one of the most
extensive real estate holders of the
county. Mr.. Slayton is President of
the Lavina State Bank. director in the
Bank Of Ryegate, and President Of the
SlaytOn Mercantile Co. NJ. r. Swan.
son is an extensive holder of real
estate In Roundup and Musselshell
county and Roundup's leading real
estate dealer. All of Mr.. Swanson's
business ventures since coming to
Roundup have been signally success
full. Geo. d. Mills is rancher and
capitalist, formerly President of the
Mills Sheep Co. N. r. Mcdonald.
another director, pioneer and leading
meat dealer in Roundup. l. e.
e. Schneider, who for the past three
years has been the banks assistant
cashier, and c. f. Richardon, its
cashier, are also directors.
The officers elected for the ensuing
year are as follows:
NJ. r. Swanson, President; Geo. D.
Mills, Vice President; C. F. Richardon.
Cashier; /. E. Schneider. Assistant
Cashier; and A. E. Dye, Teller and
BoOk-keeper. Mr.. Dye has been with
this institution for the past ten months
and comes from the First National
Bank, Of Fargo, North Dakota. where
he gained . ripe experience as receiv-
ing teller and book-keeper.
The surplus of the bank was raised
to $5.000.00 this being accumulatfve
earnings Of the bank during It's four
years of existence besides dividends
paid.
One Of tho chief protective features
to the dep0eitor exercised by this bank
is the auditing committee consisting Of
three members Of its board of direct
ors other than the executive officers.
whose function 1t is to make careful
examination of its affairs at least four
times q year. The efforts of this CON-
mittee is especially directed toward =
rigid scrutiny of the banks securities.
The date Of examination OF this com.
mittee is not known In advance to the
officers Of the bank. No two MEM
bers of this committee represents
kindred interests aside from their In
terest in the bank. 1t Is this banks
policy, first, to surround its patrons
by every time proven safe guard OF
protection, and, second, to distribute
It's facilities to the development OF the
resources Of Roundup and vicinity
from whence It draws its patronage.
The management hereby wishes to 90
ON record ~ thanking its patrons for
past favors and soliciting their friend
ship and cooperation for the year Of
1A1S