The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1914-05-12

IA I'LL q
that position until the day OF his
death, five years later.
Mr.. Brown was then elected presl-
dent, and Mr.. Henry E. Litchford,
cashier. Nh. Brown still continues as
president. Mr.. Litchford resigned as
cashier a few months ago 10 accept
the vice-presidency of the Olo DO
minion Trust Company in Rlchmono'
Va. He was succeeded by Mr.. Ora
ham H. Andrews, the present CASHIER
Last year Mr.. Henry j. Young was
elected as active vice-presloen'' SoI
Andrews still remaining as the oliei
vice-president.
The Citizens has had a remarkably
successful career, and during all these
years has been one of the leading rae
tors in the development OF TINS CITY
and section. Whilst conservative IN
all its dealings, it has not heSitated to
extend its helping hand to every le-
Ultimate business enterprise. From
the beginning, it paid its stockholders
good dividends. Its original capital
was 500. 900. It's surplus was all
earned-none of it paid in. About
three years ago. it's capital was in
creased from 100000 to 100000.
At that time it paid to its stockhold-
ers a cash dividend Of $50 900.
Not long after this increase of cap
ital, it declared, out of its surplus,
another cash dividend of 100000,
| IL DOuSI u La
stock Of the Raleigh Savings Bank
and Trust Company. preferring this
arrangement to the usual one OF a
savings department. To its present
surplus, therefore, is to be added the
full value Of the savings bank This
arrangement has worked most salts
factorily, enabling the Citizens to
serve the community in any line of
legitimate banking.
A ear ago. in keeping with the
progress of the time, and to supply
the demand for modern offices, as
we'll as to provide better quarters for
itself. the Citizens" tore down its
old home and erected in its place the
handsome twelve story steel Struc-
ture, which is now one Of the sights
of the city. This building is up to
date in every particular and in the
beauty and solidity of it's appearance,
compares favorably with the best
buildings in the country.
i The Commercial National Bank.
The Commercial National Bank,
t standing on Wilmington and Martin
streets in one of the handsomest bank
buildings between Richmond and At
lanta, has been in it's home since Oc-
tober 20 of last year.
; Prior to that time it occupied much
less ~pretentiouS quarters on the same
site, but was forced to spend a year
= in another place on Martin street
la AN - "OAhS0 NHSA -
sky-ward IN the ten-story structure.
: When the house-warming of the Com
mercial National was
: more than 1000 people visited it and
:. were handsomely received.
The Commercial National has had a
. steady and gratifying growth throught
them any years that it has served
Raleigh and been served by his city.
1t had a modest beginning but its
. capital and surplus have now passed
8 the $400, 900 mark and its total re-
sources are well above two million.
During the current year healthy
growth Of the bank has been marked
and in it's new home it is doing its
best,
- h Commercial National has in.
vested s25o,00Q in it's banking bould-
ing of Gothic conception, interior
cathedral style, sky-blue ceiling and
g~olden-star effect. In it's $4,000.
~ pound vault it's money is safeguard
). ed m filed and so formidable is the
- whole structure that one never as
= SOciateS it with fire or exterior harm
III The officers of the bank are B. S
- Jerman, president; A. A. Thompson
vice-president; E. B. Crow, cashier
le anad A. p. Bauman, assistant cashier
On all thee hecks and on all stationer,
S the bank carries q cut Of Sir Waite,
ie Raleigh, Raleigh's nameSake and tn,
a. banks ideal. 1t has sought courtes.
y always and made the exponent O
antique chivalry its trademark.
d During the visit Of the bankers her,
man, of them will see for the frs
10 time this building of the institution
< which ranks as high as any in NortI
he Carolina.
so The Merchants National.
ne The Merchants National Bank wa
1g organized in March 1909 with a caDi
IS, tai stock of 500 900. The origina
as officers were the same gentleme,
lg who now control the bank. They are
+. +. c. Duncan president; William II
Il Williamson, vice-president; w. F. l.
e ley, vice-president. w. B. Drake. Jr
). cashier; S. ]. Hinsdale, assistant cash
In Ter.
G Within nine months from-the tim
N. Of organization, the deposits amount
ed to $1,000. 900. The deposits at tn
as last call from the ~nntrol,er Of ~
re Currency were 50 200 600 tho saoon