The Birmingham age-herald., 1915-08-03
FIVE DOLLARS PAID IN FOR EVERY DOLLAR
 TAKEN OUT OF RANK
Handsome Rooms in South's Tallest Building Crowded All Day-Officials Recipi- ents of Countless Con- gratulations-Remarkable History of Failure

We are more than pleased; we are delighted" declared President A. D. Jackson of the Jefferson County bank last night, after the first days busi- ness of the new financial institution had been transacted. "The confidence expressed in the support given us by the people of Birmingham today simply was overwhelming. The opening day made showing just about four times as good as any of us even had hoped for"
 Total deposits at the new bank dur ing banking hours yesterday were an- nounced last night by officials as s2SO, 747S4 About S5 was deposited for every dollar drawn out. it was stated according to the official figures check Ing up both the paying tellers and the receiving windows.
 Big Crowd on Hand
 A large crowd chiefly onlookers was on hand when the newly organized bank opened it's doors for business yesterday morning at 9 o'clock after having taken over the affairs of the Jeffer- son County Savings bank, which has been closed since January 2S. this year. The crowd did not gather until a few minutes before the time for the open ing of the doors of the bank. and ap- peared calm and orderly. When the porter of the bank rolled back the big front doors, which have been closed for six months, slight cheer arose from the crowd and a moment later the lobby of the bank was full of peo- pie, remaining crowded throughout the day.
 Half the crowd from the openin g hour until the time the bank closed the days business yesterday afternoon was made up of prominent citizens from all walks of life who called to congratulate the officials of the new bank President Jackson, Vice sPresi- dents White and Jones and other of fcials of the bank mingled with the | crowd throughout the day and were | the recipients of hundreds of congrat- | ulations Several friends of the new of hcials sent large floral pieces, which | were on display at the bank through out the day.
 Calitalized at Half Million The new bank is capitalized at $500, GOO, fully paid in As has been pre- viously published, it has taken over the l business of the Jefferson County Saw ings bank, which closed It's doors Jan | uary 2S, State Superintendent of | t,lr Wallrar a lxfnQ rharRa The offer of MT. Jackson and asso- | clates to take over the affairs of the | defunct bank and pay all obligations | including all depostors with interest on savings deposits, was accepted by Mir. Walker and the past month has been spent by MT Jackson in perfect Ing his new organization.
 By everyone in Birmingham-bank | ers business men, professional men and | all-the success of MT. Jackson's plan l is considered one of the most substan- l tia1 achievements of southern banking history. He and his associates have | been given an enthusiastic and sincere welcome in Birmingham and yesterday | they received hundreds of well wishes | for the continued success.
 The officials of the new institution are as follows
 A. p. Jackson, president of the Firs' | National bank of Hartselle, and vfct | president of the City National bank oi Decatur. president; T. M. Jones. capi'
 talist. of Decatur, vice president; Sen
 ator Frank S. White, vice president W. C. Sterrett, assistant cashier, ane w w Hutton, assistant cashier
 The following are the directors:
 Senator Frank s. White James A Downey, merchant W. M. Spencer, Jr. attorney; Judge Thomas M. Vert; Rob
 crt H. Baugh. president of the Bir | mingham Arms and Cycle company and president of the Southern league h. L. Yancey, president J. L. Vance. Real Estate company; J. l.. Hutton president of the Mercantile Nationa bank, Memphis; G. Scott Leeth. pres ident of the Leeth National bank. Gull
 man; J. H. Loveman. of Loveman. Jo
 seph & Loeb; A. G. Forbes, genera
 manager Starr Piano company; T. M Jones, president of Jones Cotton com pany, Decatur A. E. Jackson.
 Unusual Record in Case
 The banking department of Alabama ha made what is believed to be an unusua