The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1914-01-15
R. T. BARRON IS
PRES. OF SECOND
NATIONAL BANK
CASHIER OF INSTITUTION FOR
PAST TWELVE YEARS RE.
CEIVES WELL EARNED PRO-
MOTION-H. E. BYORUM is
CASHIER.

At a meeting Of the newly elected
directors of the Second National bank
Tuesday afternoon, Robert E. Barron,
for the past twelve years cashier Of
that institution, was elected president,
the position held by the late Joseph
Roach until his death a few weeks ago.
H. E. Byorum, assistant cashier of
the bank for the past ten years, was
elected cashier.
At the stockholders meeting, Mr..
Barron read the annual report of the
bank, which proved most gratifying
to those interested in the institution.
1t was decided to increase the num-
ber of directors from five to seven,
owing to the increased business of the
bank, and the following is the board:
James johnson, R. E. Barron, P. p.
Lee, N. j. Thorson, julius Fauchald,
H. E. Byorum and Frank Roach. The
three last named are new directors,
the others being reelected.
At the meeting of the directors
held Immediately after, James john
son, vice president of the bank since
it's organization many years ago, was
elected chairman of the board, a po-
sition that is very important, for the
board supercedes any official in the
affairs Of the bank. Mr.. Johnson in
his new capacity will be able to do rs
much for the institution, or even more
than ever, and his election met with
general approval on the part Of all
interested.
The following ofhcials were elected:
President, R. E. Barron.
Vice Pres, F. w. Roach.
Cashier, H. E. Byorum.
Asst. Cashier, w. E. Tooley.
The directors passed resolutions
providing afor the ha1k lsa membership
in the Regional Reserve Bank which.
has heenonrganized under Il the new.
federal r&eerve act..p 1stssi
The directors declared a dividend Of
10 per cent and placed large amount.
in the surplus and undivided profits.
The Second National now has capi-
talization of 100000, besides the sur
plus is $50, 900 and the undivided prof
its $4,000. This places the bank in
the front ranks with banking institu-
tions Of the state. Its business is be-
ing conducted in a conservative man
ner and the volume of business is in
creasing rapidly.
r. E. Barron, the newly elected
president, is one of our most pronni-
nent businessmen. He has been in
Minot for nearly thirteen years, COM
ing here as cashier of the old Great
Northern bank. Minot was then q
village of 900 and the deposits of the
bank amounted to only $45,00O. For
thirteen years prior to that time he
was associated with the Northern
German American bank of st. Paul,
which institution he entered as mes
senger boy, working his way up the
financial ladder. Thirteen seems to
be Mr.. Barron's lucky number. Mr..
Barron followed A. j. .Brunner as
cashier of the old Great Northern
bank, after Mr.. Brunner had resigned
to 20 into the lumber business with T.
P. Kulaas. Mr.. Barron is one of the
states most capable bankers, a hard
Judgment. A better selection for
president could not possibly have been
made. Mr.. Barron will be just plain
"Bob" to his associates as he has been
since his days as messenger boy.
H. E. Byorum, the cashier, has earn
ed his promotion as well. Ten years
ago he came to Minot and in the fall
was elected assistant cashier. He has
been on the job year in and year out
and the bank owes its success to a
large degree to his ,untiring efforts
and capabilities.
Mr.. Byorum came to Minot from
Mortified, Mimi, where he was con-
nected with the Northfield National
bank. He too, has worked his way up
in the banking world, starting in a
Minneapolis bank as errand boy. The
many friends Of both Mr.. Barron and
Mr.. Byorum rejoice over their pro-
motion.