El Paso herald. (El Paso, Tex.) 1901-1931, 1915-06-30
E PASO BANKS
HAVE FINE YEAR
Local Institutions Declare
Semi-Anual Dividends;
Business Is Good.

El Paso's prosperity is told in the
semi-annual statements made by local
banks Wednesday. Without exception,
the banks report a prosperous half
year and declared dividends and set
aside funds for surplus or undivided
profits.
Fl Paso's bankers are very optimistic
concerning the future. They are en-
couraged by the reports from all over
the country that money is easier and
is as 10 was Z in some Of the eastern
money centers- and by the revival Of
mining in FL PasO's territory
As to the past six months, they point
to building activity in FL Paso as the
best evidence that the city is proceed
ing under at least normal conditions
The First National bank declared its
semi-annual s percent dividend and
set aside a substantial amount to un-
divided profits According to officials
Of the bank, the period has been very
good and the future is very bright
Conditions are getting better through
out the country and the country Is
gradually getting back to normal The
great revival in the copper industry,
they declare, will contribute 10 the fu-
ture prosperity Of the banks
$4,000 Surplus.
The Texas Bank and Trust company
declared no dividend, but passed SlO,UeO
to the surplus fund. The past SIX
months have been the most prosperous
like period this bank has ever en-
joyed. said F. NJ MurchiSon, vice
president. I'VE are very well pleased
with the conditions and are looking
forward to continued prosperity
Money is easier throughout the coun-
try, and this may be taken as a sign
that business is improving every
The FL Paso Bank and Trust com
pany declared its semi-annual dividend
Of 6 percent and added $4,000 TO the
surplus. bringing that fund up to S5O.-
600, or one-half the capital stock Ac-
cording TO A. T. Kerr. vice president
the period was one Of the best ever en-
bright" he added. What we really
want most is peace in Mexico, for that
will contribute greatly TO permanent
prosperity for the city The revival
Of the copper industry in this terri
tory will soon be felt here"
Union Has Percent Dividend.
The Semi-annual dividend of 4 per
cent was declared by the Union Bank
and Trust company and about $1,000
was added to the surplus. The past six
months have brought good business TO
the bank. according to A ]. Schultz,
cashier and the future is promising
The City National bank declared a
dividend OF SIX percent, as against
percent on January !. About $4,000
was added to the fund Of undivided
profits The past six months was bet
ter than the previous six months, as is
indicated by the fact that We Increased
the dividend one percent" said Herman
NJ Andreas. cashier Of the institution
We are looking forward TO even better
conditions, for business is rapidly get
ting better in FL PasO's territory"
The American Trust and Savings
bank declared a dividend Of five per
cent for the half year
Five Percent at Commercial
The Commercial National bank de-
clared dividend Of five percent for the
six months and carried a substantial
amount to the surplus and undivided
profits account
W Cooley, vice president OF the Rio
Grande bank, declared that the six
months Just past were the most pros
porous in the history Of the institution
The directors declared a dividend Of six
percent, making a total Of $50. 600 and
carried $4,000 over 10 the surplus Our
earnings We're even bigger than this
would Indicate" said Mr.. Cooley, for
We cut down the valuations Of much OF
the real estate held by the bank"
The Security Trust and Savings bank
declares its dividends annually only and
there was no semi-annual meeting OF
the directors.
The State National bank will not hold
its meeting until late this afternoon