El Paso herald. (El Paso, Tex.) 1901-1931, 1914-01-14


nolds was elected president; j. G. Nc
Nary and John N. Wyatt, vice presi-
Dents j. f. Primm, cashier and man
ager, w. u. Care. assistant cashier.
and secretary. The directors are Joshua
3 Reynolds, James q. AcNary. Felix
MARTINEZ, John NJ Wyatt and J. F.
Primm.
City National to Enlarge.
The City National bank was another
OF the national banks which voted to
so into the regional reserve bank
pan me CITY National has COM
pIeted plans Tor charging the present
quarters OF the bank at a cost of $780,
OuO These Improvements viii include
lne extension of the banking room to
lhe east and south so that twice as
much banking room VIII be given. The
interior finish win all be changed and
new fixtures Installed. The officers
ana directors of the City National
erected Tuesday afternoon are: Z. S
stewart, president; J. T. Williams
wee president; II. NJ. Andreas, CASH
Ter; v B. Andreas, assistant cashier
directors u. S. Stewart J. r. VIII
1lttnss II. NJ Audreas, B. BlumenthaI
n j. simmons, Frank Powers w. b.
ROBERT hrakauer, Walter Kohlberg. 7.
j. LOngWeu, John IT, MAY J. r. Coles
State National First to Act.
Inc state National bank was the first
TO embrace the new currency law and
make application for admission into
sne new regional reserve bank when
II is established. The officers of the
state National bank. who were elected
AZ the annual meeting Tuesday. are:
y X. MOTehead, president. joseph
Hagohin, vice president; c. n. Bassett.
second vice president; George d. Florv.
cashier, L. J. Gilchrist, assistant cash
Ter These officers constitute the direc-
Union Bank Election.
The Union Bank and Trust company
elected all its old officers and directors
az us meeting Tuesday, and did not
take any action relative to entering
INTO the new federal banking system.
enough the matter is under cOnsidera-
non state banks do not have to go
INTO the plan unless they wish. This
bank has lust completed its second year
and paid eight percent dividends upon
It's stock throughout the year The
Ilrst year the earnings were used to
pay organization expenses and for the
Of reserve. The reserve was
further augmented during the second
year and dividends were paid also. The
undivided profits of the institution now
toIaI Szz.O4u on capital stock of
$4,000. The deposits of the bank to-
tai S645,l38-g1. E. MOye is president;
d. w BrOaddus. vice president; A. J.
Schultz, cashier, and Max Move secre-
-ary These four and the following /
make up the board of directors. I'd I
sanders j. Q. LOZoya and S. kranZthOr /
Declares y Percent Dividend.
The Rio Grande Valley Bank and !
trust company has applied Tor admiS- |
sion TO the new regional reserve bank +
as a state bank under the new law At Z
the annual meeting Tuesday afternoon, {
the bank declared a u percent annual I
dividend and set aside $4,000 in the sur I
plus fund. j. p. Robertson resigned as /
a director as he has moved to Cali I
lornia- II. T. Ponsford was elected in !
ais place. h D. Bowman, of Las /
Cruces, n. NJ. who has been a director
# the Rio Grande Valley bank. re (
; Ia
rhe officers and directors of this bank I
elected Tuesday are W. ". Turney, /,
PRESIDENT; s. T. Turner. Winchester I
Cooley and T. NJ WingO, vice presi- .
Tents, ". r. Arnold, cashier; p. L At
linsOn, assistant cashier; Leo Rosen-
ED. assistant cashier; Sig N Schwabe,
ecretary. The directors are: W. w
,urney, S T. Turner, w. Cooley, T. NJ
FingO. DR. 3. NJ Worsham. E. NJ Bray, !
{ J. Ormsbee. J. H. Pollard, Walter Ar
l0ld, A. Krakauer, H T. PonsfOrd.