Mountain advocate., 1913-07-04
ON the HONOR ROLL
or NATIONAL BANKS

The First National Bank OF Bar.
bourville, has been placed on the
Honor Roll Of National Banks
There are less than a dozen other
Honor Rolf National Banks in
the State of Kentucky. Therefore
Bartourville has a distinction Of
having the only "HONOR ROLL"
National Bank in this end OF the
State. The Lincoln County Ma
tional Bank at STANFORD, Kentucky =,
is the nearest "HONOR ROLL"
National bank to it. This is quite
a distinction for Barbourville and
the First National Bank. Some may
ask what it is that places a ma.
tional bank on the III ONOR
ROLE"
When the surplus profit funds of
a bank becomes equal to its capital
stock, the bank is then Llaced on
the "HONOR ROLL" The First
National Bank Of Barbourville. was
organized in 1902 The stockhold-
ers paid in a cash capital of $685.
10000. The bank has each year
been setting aside certain part OF
it's net earnings to what is called
the Surplus Fund" Instead OF
paying out all of the net earnings to
the stockholders the bank has re.
tanned part of the ret earnings
each year. This Surplus Fund"
has now reached $25, 100000 and is
therefore equal to the capital. 1t
is like this, a merchant puts $685.
600 90 in cash in a certain business,
and the business is prosperous, and
instead of using up the surplus
profit he puts it in his business, and
will continue to do so until the
surplus profit funds equal the
the amount that lie originally put
into the business, in other words
the business will be worth $50. 900.
90. instead of S25. 10000, the
amount that he started with. You
will see that this shows not only
successful management, but also
careful and conservative manage
meut of the business, and the hank.
ers of the country recognize that
where a banking institution has
been so successful and conservative
in its ma ns cement that it has set
apart surplus fund equal to the
capital, that it is entitled to be call.
ed an "lIonor Roll" National bank
The First National Bank has Tea.
lures that make for success. 1t has
experienced, conservative and care
iul management, 1t treats every
body Justly and fairly. 1t has
very large number of influential
business men who have started as
poor men and have. gone out and
made success both in the business
and professional world. This bark
recognizes the fact that the business
should be conducted in the interest
of the community as well as the
stockholders. The leading national
banks of the Country pay interest
on time deposits. This bank recog
nizing the business of this principal
OF banking, about two wears ago,
made an order directing its cashier
to issue certificates OF deposit and
pay interest on time deposits. 1t
causes a considerable amount of
money OF this county to go to this
bank that went TO various other
banks that were paying interest on
time deposits. There is no good
reason why bank should keep the
peoples money and lending it out
=. at good per cent without paying
: depositors some interest on it
bank has kept in line with the
fss OF Other rp-to- date bank.
country hy en;oul aging in
ghis country in offerinp
for the best crops &c
1 encourage agricultu
in the country. Wher,
prosper, We all prosper
is operated under th'