Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1914-04-16
Annual Meeting Of Leenrrdtown
Bank Z. 8. Trust Company.

G5uk \. -. trust Compauy.
At the shareholders meeting of the
Leonardtown Bank OF the Eastern
Trust Company at It's banking house
on Tuecday last. the following officers
were unanimously elected: President,
Chas. v. Hayden, Jr.; cashier, Stephen
M. Jones: secretary, J. J. Norris;
clerk, Willard Foxwell; attorney, Jos.
III. Ching. The following directors
were chosen: Chas. v. Hayden, Jr.,
J. J. Norris, s. NJ. Jones, ]. p.
Greenwell, J. B. Drury, Fl. r. Bur-
roughs. w. II. Mattingly.
The presidents report to the share
holders follows:
Gentlemen:-You are convened to-
day in annual meeting of the stock
holders of the LeonaFdtown Bank of
the Eastern Shore Trust Co. Ii again
becomes my pleasure as the executive
officer of our local branch to extend
To you greetings, and submit some
observations of the past year and a
few suggestions for the future.
ii is with great qualification that
can report, on behalf OF your Board o.:
Directors, that the increase in BUSH
ness during the past year has been
most gratifying, showing thereby, the
appreciation of the banking public, of
having in their midst an institution
such as the Leonardtown Bank, which
has given them accommodations they
have heretofore been unable toobtain
in this county.
BY wise, careful and conservative
management of the affairs of this great
financial institution, The Eastern
Shore Trust Co., and yet pursuing the
most liberal and progressive policy
towards its patrons, CONSTANT with
safe, sound and secure banking
methods. your institution has again
declared a semi-annual dividend of
ten per cent. (lO) of which fact you
have been notified by receiving divi-
dend checks during the past year. In
addition to this, out of the net profits
earned during the past year, there
has been added a substantial sum, to
surplus and undivided profits.
The success of the Bank
must be especially gratifying to you,
in view of the fact that we opened our
doors for business on the eve of a
1 u8tiVuat Clttttuue when - was X6uSf-
ally conceded that the control of the
Legislative and Executive branches OF
our National Government would pass
into the hands Of a party whose policy
regarding legislation affecting the
great business interests of the country
differed from the party then in control
There is always attendant upon such
| a change in our governmental affairs,
a certain unrest which may vary in
degree.
But a wise and conservative sppli-
cation OF these progressive policies to
existing conditions has reduced this
unrest to minimum and with the re-
adjustments of business To the changed
policies we can confidently expect, and
| believe, will in the near future enter
upon an era of prosperity greater than
we have heretofore enjoyed.
I'm the cycle sweep of time" many
changes are wrought and we are COM
PEELED with each advancing year to
face the inevitable decree by the
vicissitudes of life. We rejoice II this
decree be one of happiness and
prosperity, or grieve II perchance
our pathway should be beset by ad-
versity: or sadness cast its shadow
around US as we march along our
journey ''from the cradle to the
grave"
Since our last annual meeting, it has
pleased Divine Providence to call to
his reward a member of our Board of
Directions, Mr. Jos. $. MATHEWS. IL
is fitting on this occasion, that we re-
cord our appreciation of his sterling
qualities and his worth, and make due
acknowledgment of the loss we sus-
tanned by his death. He was consci-
entious and energetic, striving always
to do his full duty in the light of
Christian Kindness. \ life well spent
in the flesh, has its own reward. We
are consoled by the belief that after
having been relieved of the cares and
worries of this life, our Heavenly
Father has called him To his everlast-
ing reward in the life beyond the
grave. Let us look up and address
him in the words of the poet:
Thy day has come, not gone,
Thy sun has risen, not set,
Thy life is now beyond
The reach of death or change,
Not ended-but begun"
Ii was only recently that the "Grim
Reaper. again paid a visitation to
our midst and cut down q man, though
not officially connected with our insti-
tuition, was a co-worker in the bank
ing field. +. Oscar Morgan, vice-preSi-
dent of the First Natl Bank OF St.
Mary's. A man who having won his
success by conscientious and ener-
getic application of his talents TO bus
mess, his life viii serve as an incen-
tive and and example TO young men
as To the possibilities that lie open
before them.
His keen business insight and sound
Judgement, made his loss to the insti-
tuition with which he was connected.
great one. His demise leaves a void
IN our community, of which he was a
prominent and progressive member,
which ii will be hard TO fill.
We cannot wholly stay the griefthat
Is felt al his loss, but we can avail
ourselves of this opportunity TO record
our appreciation of his worth.
Let US pass from a chronology of
the past and turn our eyes to the pos
Utilities of the future. l am sure that
you realize that the one thing which
men strive after Is success. IL is this
that each of US, in our respective
avocations in our own way, seek to
obtain. As il is with the individual
man of flesh and blood, so il is with
the corporate man, a creature of the
law. And in business life as in pri-
vate life, there Is but one safe and
correct rule To follow and that is BY
he unSelfish application of approved
business methods we seek to promote
the common good. This is our motto
and with il ever before US we can look
TO the future confident of greater sue
cess and il viii be our constant effort
as We grow older in years and increase
in strength to be- of Increasing service
TO the people of the community in
which our institution Is located