The Birmingham age-herald., 1915-02-05
JEFFERSON COUNTY
 MAY BE ORGANIZED
 AS NATIONAL BANK
Directors at Meeting Yes. terday Believed Business Could Be Resumed
 Within 45 Days

The Jefferson County Savings bank of- ficials expect to resume business within 45 days, the length of time necessary to take all the necessary stepes. This was made plain yesterday by E. F. Enslen. president of the bank.
 And with the statement about resum- ing business there has developed the re- port that the bank will be reorganized as national bank. It was reported yes- terday in financial circles that the Jeffer-
 son county directors at a meeting to be
 held one month from today would pass
 upon the reorganization plans which con
 template the banks becoming a national
 institution. No official statement was available yesterday as to that step but it was generally accredited and MT. Ems len said he would prefer not to speak definitely of any plans just at this time That Birmingham will have it's third
 national bank as a result of the Jeffer- son County's trouble is expected to come | true. There has been more or less dis l cussion in financial circles for sometime | about an additional national bank in this | city. No one associated the Jefferson
 
 character until day or two ago. It is | stated that the plan has met with hearty I approval and that the details will bt l ready by the time the affairs of tn,
 Jefferson county are adjusted by Nolan, Hilton, the agent, and others in charge of the affairs.
 | "We have called a meeting of the di rectors for 30 days from this date" sait
 MT Enslen yesterday, "and at that meet. ing our plans for reorganization will have | been passed upon by the state banking | department and we will be in position | to resume business. The directors will i approve the plans and we will be able at that time to make definite announce | ment to the public. I cannot go into any further details at this time. All ]
 can say is that there will be a bigger and stronger bank and that we will have sufficiently increased capital to take care of a great volume of banking business MT. Enslen denied rumor that the bank building was to be taken over b, any outside inteerst. He said that such
 reports were entirely erroneous and tha they should not be given the slightest credence. MT. Enslen was standing 1T
 the banking rooms yesterday when Ray
 mond Hitchcock, the player. went 1T
 to see the magnificent banking rooms Mr. Hitchcock and Mir Enslen shook hands and the player congratulated Mir Enslen upon the wonderful building tha had been erected in Birmingham by thai bank
 This is easily the most magnificent building in the south,' said MT. Hitchcock to Mir. Enslen, "and the people of Bir-
 mingham should be proud of it. It should be the source of pride for every citizen of this town"
 Excepting the national bank report there was nothing new yesterday in connec. | tion with the Jefferson county situation McLane Triton is working out the de- | tails as agent for the state banking de | pertinent, assisted by several well known and efficient men, and they expect tc have their work completed within a few | weeks. Alex Walker, superintendent of the state banking department. iAyex- pected here today to look over the sit uation.
 The officials of the bank are receiv- ing many letters every day about the work of resuming. One was received yesterday from United States Senator Frank s. White, wherein the junior sen-
 ator from Alabama said that the Jefferson County bank was too vital a factor in the financial system of this city and state to remain inactive. Others of like char acter are being received every day. II | is stated that stockholders of the bank that reside elsewhere are to be at the forthcoming meeting and have already stated that they will be willing to take more stock than ever before in the re organized institution.