The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1915-01-28
IWithlts Capital Stock andS Sur
plus Fund Now Large
lylncreased.
AMONG ITS sAAREAoLD DERs
Are Many Influential Citizens!
and No Bank in the State
Has Better Backing.

Has Better Back king.
Upon inquiry at the Union National
Bank as to its increase OF capital II
Telegram obtained the foilowi,s
statement:
The Union National Bank has iils
creased it's capital to $500, 900 and
surplus and profits to $244,0 200 "
has total resources Of $4,000, 600 and
is the largest national bank In the
state as to deposits. The object of
the increase was to provide stock for
some substantial persons wh0 could
not otherwise obtain any, as 1t Is sels
dom on the market. Some eighty new
names were added. The addition nf
these gentlemen to the list of stock
holders was considered most desirable.
Besides, those connected with the
bank have confidence in Clarksbufg
and feel that 1t can support q hall
million dollar bank as we'll a.
Charleston. Fairmont or Huntington.
The association is now very strong
1t would be difficult to find bank In I
the state with better backing. w.
Brent Maxwell, Porter Maxwell, G. 4.
w. Curtin H. B. Curtin, a y. sSvar.
G.. s. Smiley, John w. Davis, G. AZ.
Hornor, James F. Allen, Goodlpe
jackson, Olandus West, s.. A. Smith,
Richard ziesfng, F. B. Davisson, Rob
ert Morris, Lee Boggess, Dorsey w.
Cork, John Stewart, w. A. Gaylord
ID. w. Jacobs, 4. j. Parrish, j. FIcrs
nor Davis, Taylor Ward, Lee Stout 7
S.s'A. Elliott, e. n, SEaiSin, Allison
Bartlett, j. D. MGR Reynolds, G. W. Legs
gett, J. M. Francois, Truman Cunning
ham, 7 Blair Wilson, T. X. Richards
d. q. Wilson, Ross f. Stout, G. M
Hoffheimer, IL z. Travis, e 3. Carr
rett, HI w. Harmer, s. w. Bafnhart,
b. W, James, Haller HI Dawson, 3.
u. Spraker, ]. B. Strpther, F. 3. Hay
maker, Percy Byrd, g. II. Trainer;
Marshall Martin, ]. N. Wilkinson.
q, Fttro. Carl L. Hornor and over
800 other citizens Of Clarksburg and
Harrison county Of like character and
taihly inspires confidence. b
The well known banking house and !:
Office Building is worthy OF q big
bank. The town has NO finer orna
ment. No doubt the bank could have
made more money, for time, by
providing stingy quarters, but Il Is
believed that the public appreciates
the magnificent conveniences sup
piled, and in the long run the bank
will gain by its generosity. The
building as we'll as the large capital
shows faith in Clarksburg.
Successful Career.
Ten years ago the Union National
Bank was formed and took over the
business Of the Traders National
Bank and the Peoples Banking and
Trust Company. At that time the
deposits were one million dollars.
now they are three millions. Tfe
bank has paid $204, 900 in dividends
of about $150, 900. However, there has
been no attempt to increase the profits
at the expense Of safety. and double
the reserve required has been always
maintained. 1t has come TO be 9
saying, even in the hardest times,
that "the Union has money.
There have been no interests above
those Of the patrons Of the bank IT.
Is conducted for the benefit OF the
entire community and has contrfbu
ted much in the way Of funds for new
industries which have come to the
city. The directors never have had
any personal axes to grind, as they
are all Of Independent means, and the
officers never borrow from the bank.
No politics, no religion, is considered:
many creeds and many parties ara
represented among its stocihold ders,
directors and employees.
Clean Sound Institution.
Always the viewpoint OF those inf
charge is strictly a financial one.
The directors insist on clean, soun4
bank and make ample provision for
losses. A fund is set aside from time
to time to provide for depreciation
and when losses occur they are de-
Quoted from this bank. 4
Banks do not make large profits IN
these days, but with Its present bust
ness 1t Is thought the Union will, SHOW
earnings which will be reasonably
gratifying. sSs5l
All in, all the Union is an institution
we'll prepared to bear a large part
in the upbuilding OF Clarksburg and.
Harrison county and Its future as we'll
as the future of Clarkabnrg is as
sured. IS
The officers and directors are ,as \
follows; Y:
Directors w. Brent Maxwell, S, "a
Smith, @. s., Smiley, 7. y. Parrish.
James f. Allen, F. 3. Davisson, s. "A.
Elliott. E IL Spraker, L. Il Eoar,
Porter Maxwell. |. John w. Stewart Lee
iBoggess ]. Hornor Davis. W. s.