The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-08-01
SOMETHING OF MEN
RESPONSIBLE FOR
AUSPICIOUS EVENT
Jackson Began Career I'm
der w. S. PEBBLES at Ath-
ens-Is Brother of Coffee
Jackson

ceremony or bare of trumpets the porter
of the Jefferson County bank will merely
step to the massive iron doors of the
banking rooms and for the first time since
January IS, this year, swing them open
At that hour the reorganized bank will
be ready for business after having been
for six months.
The reopening of the bank, with the
name slightly changed and with new Of
fieers and directors. is considered every
where, but especially in Birmingham, as
an illustrious achievement. The reorgani-
zation of the affairs of the old jefferson
County Savings bank so that every de-
positor, both commercial and savings.
will not only be paid all deposits in full,
but also interest on the savings deposits
for the time the bank has been closed. is
regarded has one of the most encourag-
ing and momentous events in the .Bir-
mingham district in years.
As has been previously announced in
The Age-Herald, A. E. Jackson, formerly
of Decatur, is president of the new finan-
cial institution. But to the people of
Birmingham, to whom until the past two
months he has been a comparative
stranger, the story of Mr.. Jackson's ca
reer is one of much interest.
Began Career at Athens
Born in Lauderdale county, the son of
A. E. Jackson, A. E. jackson, Jr., the
new Birmingham bank president, at IS
years of age started on his banking
career. He entered the bank at Athens,
under w. S. PEBBLES, one of the best
known bankers in Alabama and noted
for his conservatism. here taking his first
schooling in the banking world. Ten
years ago Mr.. Jackson organized the
First National bank of Hartselle, of which
he Is still president In all that time
Mr.. Jackson has handled millions of dol
lars worth of business at Hartselle and
has lost but one note. When he con-
ceved the idea of reorganizing the JEFF
ferson County Savings bank and his plan
was accepted by the state banking de-
partment he tried to resign from the
presidency of the Hartselle bank, but his
resignation was refused and he was per-
suaded by the board of directors to con-
tinue In that capacity, which he has
agreed to do.
Mr.. jackson organized the City Ma
tional bank at Decatur three years ago,
last year consolidating the Bank of Com
merce at Decatur and the City National
under the name of. the latter. He was
made vice president of the combined banks
but was the actual active head of the
institution. Although he has handled mil
lions of business at the City National.
Mr.. Jackson here also has the record
of never charging off a single loss.
Mr.. Jackson is brother of Coffee
Jackson which will be of interest to
many Birmingham people for Coffee
jackson, during his connection with tina
Southern railway here, was one of thu
best known railroad men in ,he Sec
ton Mr.. and Mrs. Jackson have re-
moved to Birmingham, where they in
tend to make their future home at pres
ent, however, not having located
Jones From Pell City
T. NJ. Jones, who, with Senator Frank
S. White, is vice president of the new
bank, was born and reared in Pell City.
and Is one of the heavy stockholders of
the reorganized bank. Mr.. Jones is very
wealthy and of wide influence, especially
in north Alabama, where he has carried
on his business activities. He is pres
ident of the Jones Cotton company OF
Decatur. one of the largest cotton firms
of north Alabama. ]. T. Jones, brother
of #. M. Jones, also of Decatur, is
stakeholder in the new bank.
j. L. Hutton. who is a director and
heavy stakeholder of the new bank, Is
president of the Mercantile National
bank of Memphis, and one OF the lead
ing bankers of Tennessee.
Judge Thomas Writ, one of the board
of directors. is judge of the Morgan
county law and equity court, and one
of the best known jurists in the state
Frank S. White former United States
senator, is attorney for the bank and
one of the two vice presidents.
The Jefferson County Savings bank,
since January %, has been in charge of
the state banking department under
State Superintendent of Banks Alex M.
Walker. McLane Tilton, as agent for
the state banking department, has had
active charge of the affairs of the de-
funct bank between the time its doors
were closed January IS and Monday
morning, August 2, when 1t will be re-
opened for business under the name of
the Jefferson County bank.
Has Handsome Quarters
The bank is located on the ground floor
of the new Jefferson County Bank build
ing. % stories, on the top Of which is
the Birmingham Newspaper club. Its
quarters are said to be among the most
handsome and elaborate of any banking
rooms in the country.
Several plans for reorganization of the
old Jefferson County Savings bank were
placed under way, and at one time 6