The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-01-10
NAN STREET BANK
IN SPLENDID SHAPE
ANNUAL MEETING OF STOCK
HOLDERS RESULTS IN RE
ELECTION or ALL.
MAY MAKE. CHANGES
BOARD or DIRECTORS. WHICH
MEETS LATER, GIVEN POWER.
MECHANICS BANK STOCK
HOLDERS MEET.


The annual meetings Of stockholders
f,1 various banks OF the city are being
held now and officers and members
VI the boards Of directors are being
elected for the coming year. The two
eanks to hold meetings Of this kind
yesterday were the Main Street bank
and the Mechanics Savings bank
stockholders Of the Main Street
cank met In the office of the president
iuring the afternoon and reelected
the officers and the board Of directors
which has held office during the last
few months. The greater portion of
HE meeting was given TO g discussion
Of the new currency hin and the board
RI directors was instructed 10 make
Application for membership 10 the
regional bank under the new law.
Are Much Pleased
Those interested in the institution
aeclared themselves TO be pleased with
the present condition Of the banks
affairs and voted to allow the board
Of directors 10 make any changes
deemed best for the good Of the bank.
One af the changes discussed was
probable change OF name, and au~
this change, should it think 1t wise to
do go.
According 10 reports made the
stockholders yesterday. the late diff
sculties through which the bank has
PASSED have been weathered success
fully and ut the present time the IN
stitutian ss perfectly solvent Most Of
the Indebtedness incurred during the
time that demands were being made
ON the Main Street bank has been paid
off.
The board of directors did not meet
= Yesterday to confirm the reelection al
the officers. but will do SO upon call,
probably within the next few days
MANY az them found it impossible to
remain after the close OF the lengthy
session yesterday because of previous
~ arranged engagements
Mechanics Bank.
Another meeting Of bank stock
holders was held yesterday when those
financially Interested in the Mechanics
Savings bank gathered in the once OF
the president to elect officers ana
members Of the board of directors.
The following members Of the board
were elected John Mitchell, Jr.,
Thomas \ wyatt. Thomas NJ, Crnmp,
n. W. whiting, John T. Taylor, John
II. Cnifes y. j, Chavers. A. D. Price
r. b. Ramsey. w. r. Graham and
Thomas Smith.
Later in the evening the board met
and elected the following officers Tor
sbf ensuing year: President, John
Mitchell Jr vice president. Thomas
H Wyatt secretary. Thomas M
1,rumu. cashier Walter r. Davis: pay
ing taller. A. Y. Norrel Jr-; receiv-
ing teller. Leroy F. Ragland.
President Mitchell reported the bank
in a prosperous condition and highly
successful in every way. The meet
ing In the afternoon was one or tne
largest ever held of the stockholders.
Join Currency System.
The Savings Bank Of Richmond has
made application for enrolment IN
the new federal reserve bank system,
and is the first Richmond bank to take
such action This was decided at
meeting of the stockholders held here
Thursday. The Union Bank OF Rich
snond also held it's annual meeting,
but this matter was not decided upon
It being left TO the president.
All national banks, st is understood,
will join the new system. with State
banks 1t is optional under the law,
though MANY bankers believe that all
the larger banks win eventually come
to terms under the new law.
Tire board Of directors Of the Saw
sngs Bank of Richmond were re-elect-
ed as follows. James NJ. Ball, George
J.. Christian, Fl. Thee. Eliyson, John
w. Gordon. y. NJ Gwathmey, D.
Stuart afctfuire, Thomas I. Moore, T..
Y. Morris. T. f. Patterson. r. Sit
terding. Ashton Star-fe. II. Seldom Tay-
Tor. Granville q. Valentine. T.. Whit
lock and William II. Zimmerman.
Immediately after the stockholders
meeting the board OF directors met
and reelected the following officers:
!. q. Morris, president; +. sitterd ns.