The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1916-01-21
GRENADA TRUST & s.5
BANKING COMPANY
Hold Annual Meeting-On Of Most,
Prosperous Since Organization.


The thirteenth annual meeting of the
stockholders of the Grenada Trust &
Banking Co. was held on Thursday,
Jan. 18th. The statement and reports
showed 1915 to have been one of the
most prosperous years the Bank has
yet had; the report of the president
showing net profit of % pei c.,
made on the capital stock. OF this
amount the regular IL per cent dividend
was paid and the balance passed to the
Surplus Fund.
This Bank has made quite a record
since its organization. Having paid its
share holders 1923 per cent on their
holdings and created surplus fund of
$22, 100000 over and above its capital
stock of 100000.
The reports showed that the direct
ors of this Bank have not missed a
monthly meeting with quorum pres
ent since it's organization.
The following directors were elected
to serve for the coming year:
H. J. Ray, Cowles Horton, J. P.
Broadstreet, W. F. Martin, R. H.
Stokes, Jno. S. King, A. S. Bell, A.
Gerard, R. Doak and j. j. Hardy.
H. J. Ray was reelected President,
Cowles Horton Vice-President and w.
K. Huntingdon Asst. Cashier.
The report showed the Bank we'll
audited; by its Directors at the monthly
meetings; by two different State Bank
Examiners and expert accountants of
Memphis, all pronouncing its records in
the best of shape.
1t is impossible to eliminate the per-
sonal equation in anything with which
human hands and human brains have to
do. 1t is the men behind the guns at
last. Regardless of the charter limita-
tiors and rigid bylaws these are life
less--it takes the human brain and the
human heart to give life, activity and
poise to any enterprise. Any business
or movement is mirrored on the brain
of the public not so much by what il. is
proposed or purposed to accomplish.
but by the individuality and character
of the men who are to direct it,. This
is very aptly proven by the very fine
record made by the Grenada Trust &
Banking Co. 1t started out thirteen
years ago with a modest capital and
without any unusual pretentions but
every man connected with the bank en-
joyed, and justly SO. the unbounded and
absolue confidence of she business pub
lie. Customers came to the bank not
because of its name, not because of its
location and not because they could not
do business anywhere else. but because
they desired to show their appreciation
of the officers of the new institution,
and as the days have passed these
early sponsors for the bank have brought
in others and enlarged the circumfer-
ence Of the banks influence until now
it has large clientele and stands on
rock bottom with the banking world.
The present president, Mr. H. j. Ray,
started out as cashier and to him more
than to any other dozen connected with
the bank, is due the success attained.
He has had associated with him good
men but he has ever been on duty. Mr..
Ray is astute and cool and calculating;
he is as smooth as alabaster and un-
Welding when he believes he ia right
and is worthy of the high esteem in
which he is held. The present assist
ant cashier, Mr.. w. X. Huntingdon al
though quite young man, has already
given unquestioned proof of his busi-
ness qualities and those elements of
character that 60 to make a real sue
cess in life. He has been trained by
good, home-loving parents and these
good people have every reason to be
pleased with "Keene," as he is famil-
iarlp called.
To have paid stockholders in 13 years
what they paid in and % per cent more
and still have surplus Of more than
the original stock is most commend
able record and The Sentidel takes very
great pleasure in commencing The
,Greuada Trust & Banking Co. to the
public as one of the strongest and SAT-
est banking institutions in the state.
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