The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1913-01-17
GRENADA BANK OFFICIALS GATHFR
Annual Directors and Stockholders Meeting Brings Splendid Bo Of Me-
'00enada Address BY Dr. W. H. fneschriber of Memphis.
Banquet and Musical at Grenada COLLEGE,
THE YEAR 1912 BEST IN THE BANKS HISTORY

Grenada. Not only were the officials
here, but numerous other friends and
patrons of the bank were preseut. This
convocation of workers make quite an
army and when the system and precis-
ion of the bank are considered, the
thought of military discipline at once
comes to mind. The body is an inte!li.
gent looking lot of men. They would
attract more than ordinary notice any,
where and it is to the credit of the
president and his immediate advisers
that he has been able to lay his hands
on such talent and to enlist the enthu-
sastic services and energies of so many
who are loyal, faithful and true. 1t is
these men through whom President
Thomas must work and it is they upon
whom he must rely for the execution of
plans and for the cultivation Of the
people who make the success and pros
perity of the bank possible. When the
reader stops to consider that the Gren-
ada Bank has branch institutions at
Charleston, Belzoni, Eupora. Varda-
man, Ackerman, McCool, Noxapater,
Moorehead, Woodland, Oakland, Cal.
houn City and Louisville, it will be seen
that the bank must serve varied inter-
ests and enterprises; that its patrons
are widely divergent In business GUS
toms and habits and that it takes re-
markable diplomacy and the very keen
est judgment to serve all these inho-
mogenous interests and people. But
this very fact has been one of the
greatest elements in the continued
growth and prosperity Of the bank.
The bringing of all these communities
together into one business aim aud pur-
pose has served to prevent corrosion,
and to quicken the energies and sharpen
business judgment and aspirations.
The year 1912, the Sentinel is ad-
vised, was the most successful in the
history Of the bank, and when this is
stated it is almost equivalent to speak
ing in the superlative degree.
The bank has perhaps been the most
successful institution of its kind in the
state. 1t began business in 1890 and
has gone forward by leaps and bounds.
As shown by the banks last statement
and as stated in these columns last
week, ''ths total deposits amount to
50, 3e0, ,09. 30. which would require one
individual. were he to count at t,S;e rate
OF one every second and work eight
hours per day, over three months, ex-
GLIDING the Sundays, to count it. This
is whole lot of money and shows that
very large number of people have
confidence in the officers and managers
of the bank and are customers of the
same"
Here it might not be amiss to men,
ton that the most fiattering cOmpli-
ments have been paid President Thomas
and the bank within the past few
weeks by the press, not only of the
state, but by the press of New Or
leans, of Alabama and of other states,
upon the banks offer to make loans to
farmers who desire to purchase small
tracts of land, at 4 per cent. The bank
decided upon making loans to farmers
at this rate upon the theory, no doubt,
that it desired ito give" as we'll as "to
receive" and to show its appreciation
of and its faith in the agricultural
world. Since this bank made this prop
ositlon to the farmers in adjacent ter
ritory there have be been similar prop
ostions made in other communities at
per cent, but the plan is original with
the Grenada Bank and to it should the
farming world give the credit for work.
ing it out.
After, the business features of the
meeting were concluded, other things
began to be looked after. The pleas
ure OF those who make up these gather
lngs is always matter considered by
the parent bank, and while entertain
ing the gentlemen present it has been
tne policy, so far as possible, to pro-
VIDE entertainment that would appeal
to the intellectual natures of the as
Sembled directors and managers and
Others who have to do with directing
the affairs of the bank.
The entertainment for this occasion
was appropriate and very happily ar
ranged. The reception IN the directors
rooms in the bank from II o'clock a. m.
70 i:l5 p: m. was very enjoyable So
clai feature and was very pleasing
part OF the days program. Grenada
showed, as she always does to visitors
IN her midst, that she was pleased to
nave these gentlemen here and the glad
nand was given them at every oppor-
tunity.
Rabbi W. H. Fineschriber of Men,
pms, who had been invited to make an
address appropriate to the occasion, i
was introduced by President Countiss |
OF Grenada College and spoke for
nearly an hour upon Education and
cooperation as Factors in Industrial |
and Commercial Development. He
showed graphically what had been done |
n Iowa, with its inhospitable climate,
Oy the hardy, but energetic and well
New Englanders, who had
settled 1t in the pioneer days with |
struggles enough, but had later
developed vast wealth by diversification |
under the guidance of experts, using |
.nelr corn to fatten their own cattle |
ana y wonderfully developing their dairy
tie told how the idea Of unity, loyalty
ana cooperation had grown in Ger.
many: how scholarly men had been paid
oy the government Of that country to
ram their children in the practical sci.
ssnces and the manual arts, and showed
now this had reacted toward the devel-
Spment Of the country. He urged the
people OF the South to diversity their ]