The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1913-01-15
INCREASE CAPITAL
TO HALF MILLION
ACTION TAKEN By STOCKHOLM
ERS OF NATIONAL BANK
OF WEST VA.
Stockholders Of Several Other Banks
Met and Elected Directors for
the Ensuing Year.


The capital stock OF the National
Bank OF West Virginia. at Wheeling,
was increased from $500. 900 to $780,
600 yesterday afternoon at a meeting
OF the stockholders. The increase.
100000. will be offered to the present
stockholders at $3.50 per share. al
though the market value OF the stock
is $40 per share. The increase in
capital was anticipated. as the vol
ume of business carried on by the in
stiiu;ion lustifies that action.
The old bylaws were repealed and
new ones were adopted. although
there We're no marked changes. 4
board Of directors for the ensuing
year was elected. as follows: r. w.
Osi"bay. j. +. Paull.-H. c. Franzheim,
}. ID. Merriman. W. u. Irvine. James
Cummins. Clarke Hamilton. Jr.. G. x.
Hubbard. George w. Woods. George
+. Stifei and Paul o. Reymann. At
his " request. Major August Rolf
was retired from the board and is sue
ceeded by Paul O. Reymann.
National Exchange Bank.
With all the stock representei.
either in person or by proxy. the an
nual meeting Of the stockholders Of
the National Exchange Bank was held
yesterday morning. Aside from the
annual reports. the election OF direc.
tors was the most important business
transacted. and resulted as follows.
John VI. Brown. Or. John J.. Dfckev.
William EllinGham. Frank Hoffman.
J.. ]. Iiitchman. George !. Rogers.
Lawrence r. Sands. W. +. Stone and
!. y. Vance.
Quarter Savings Bank.
Tho stockholders OF the Quarter
Savings Rank held their annual SOS.
sion yesterday in the banking rooms
AZ l"01 Market street. The reading
az The financial statement by Cashier
J. : ED"liug occupied tho attention
or me meeting for some time. and
shov"d the o. .t.tUtion 10 be in a -four
.'hine condition. The following di-
r'ctors were elected for 1919. George
J. Mathi-ou. Soltcn Alexander. W. e.
Ehcrts. u ~ Mckee. IT, &. Kalbifzer
John Coleman. : -. Hughes. Andrew
Mo''irioy. \ \ Schram. JoseLh ]
Bcutcr a.d Jacob Korn.
State Bank Of Elm Grove.
Ih" annual session Of the ~stockhoId-
'rs ~ % state Rank az Film Grove
W1- held Yesterday afternoon and the
following were elected as "A board OF
directors for ext year. ! y Vance.
pf'o Schcnk. e. y Hart. Dr. John l.
lroi "F. ! D. Rahb. Daniel Maxwell.
VI 81 McraTsland. y T. Eimmins. T..
W. Atkinson. Henry Stein. u. IT, Horn.
brook. W W Luke. \. J. Yahn. u n
T~h"ruhurE and George Graham VI
Graham succeeds g. y TcrriII. do.
Goa. sl
Tho board Of directors held a meet.
Irr and elected the following officers
'ts fh" ensuing year President. u
81 THnrrhITr VICE president. Henry
stein. cashier. John Carter teller
G'nrs" Crodhlu-.
Frs; National Sank. Elm Grove.
Following an ~cxcoIlsut repo- Of tho
past years business. tho 4fockhold.
'r~ OF NJ" fIr-, National Rank ~ Film
Grove elected 70 board OF directors 20
Oh" annual meeting bold Yesterday af
f'-rnor The former board was I'M.
creased bt Tho election 81 IS n.
'H'mh"r- and s % Davis. and mo
foIIpVing were rc~.ciccfed William
.%'"n1n1u Ellsworth Carroll %
Chambers. George - FoImar. Cs,rgo
l%I"niunu Harry Eimmius % 70 No.
IH'n. George IS Maxwell Ieoroid
NI'.'r. W b Shlfor and g. g. Woods
II" directors ORGANIZED Pos e'ccfinr
N' '1..n" fn- officer President Z
n. "fwh.rs. ti, president Goorca
y f'ImHr. cashier. g. g. Woods