The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1914-01-16
GRENADA TRUST {
BANKING COMPANY
Holds Annual Meeting and Elects Off
GERS and Directors. Past Year
Prosperous One.

The tenth annual meeting of the
stockholders of the Grenada Trust &
Banking Co. was held in their bank
room on January 6, 1914. Reports from
the officers showed the business for the
past year the most prosperous and
profitable since the organization Of the
bank. The number of depostors, the
amount of deposits and the profits ali
showed an increase over any previous
year.
Since organization in 1903, this bank
has paid its shareholders l04 per cent
on their holdings, paid fol" its building
,b,o -9s and created a nice surplus
raa aeScery Clerk 10 of its stock
being over two
The business of the bank is doubly
audited each year, by the directors at
their monthly meetings, ard an expert
accountant at the emu of the year-a
safeguard to any institution.
The regular annual dividend Of II per
cent was declared from the profits OF
the bank and nice amount carried to
surplus.
The same directors We're elected to
serve the bank for the coming year,
with the name of H. j. Ray added, be
| ing r. Doak. A. Gerard, Jno. 5. King.
| j. DTOdusIIctN, "a - i1c44s "
| Martin. R. H. Stokes, Cowles Horton
and J. j. Hardy.
w. F. Martin was unanimously elect
ed president, j. P. Broadstreet vice
president, and H. j. Ray cashier.
The increased business of the bank,
which MIR. Martin stated required more
Of the presidents time than he was
was able to give, on account OF his in
creased farming and stock interests and
declined the presidency and offered MS
resignation, whereupon H. j. Ray was
elected president of the bank for the
ensuing year.
The Grenada Trust G. Banking Com
pany holds unique place IN the bust
ness life of this community. Faithful
, ness, persis stency, honesty, fair dealing
wise investments and the capable Aano-
ling of funds, have given It success
, hardly equaled by any similar lnsutu-
: ton in the state. The bank has mad
good men behind it; the record shows
that they have been almost faultless' in
f their plans and judgment and it IS to
} the credit of Grenada and this vicinity
q that such stalwart institution should
prosper in this community.
= The new president, H. j. Ray, has
. lbeen the cashier of the bank since it,
a OrgdnlZdllUT. Ilt lS WI Try VI b-4t 44Nf'
4 honors conferred upon MIN and WI
II worthily fill the place.
!. He is product of Grenada and tnerf
+ is no man in the county that more thor
II DIV enjoys the confidence Of the public
,r The Sentinel congratulates the bank OF
ID choosing a new president. Inc retiring
# president is one of -he county's gooC
v citizens and the stability of ms charac
!. ter has had much to do with placing
!, the bank where it is today
O. The following resolutions were passe
re- by the directors at their recent meet
n ing relative to the retiring president:
n Resolved, by the directors of III
n Grenada Trust & Banking Company
SO That we sincerely regret Mr. W. +
lv Martin inability, on account OF his Il
f. creased personal interests, to serve I
re as president during 1914, to which o.
n flee he has just been unanimous
ur elected.
of That We appreciate and hold IN hie
as- esteem the faithful, diligent and Ell
cient service which he has renoered ii
led institution during his presiden;y y, ar
,at express our thanks to him for haVi
ell so largely contributed to the slece
est and welfare of the bank.
of That we are pleased that he VIII co
in tinue as one Of the directors OF the l
stitution and express the desire that
my will continue TO "orh lor the peI'
lks terest ana success Oh 'he oanh' "lu'
and an indication OF the reearu, es.ee'i d
as confidence which we have III hln,
not We direct that these resolutions
nnt spread upon the minutes of the De
re- and furnished 10 the public press
,ur- publication,