Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1916-01-20

lof 81, Mary &C The annual meeting Of
It's stockholders on Tuesday last
ITO the Stockholders Of The National
Bank Of ST. Mary's. II Loonardtown,
! Md,
! MIR. CHA1RMEN AND G ENTLEMEH
The wheels Of time have borne US safe
| IL tothe close Of another year, thus
marking the lucky number, thirtacn
An examination OF tho Banks books
as OF Dec. 3lst, at The close OF the old
years BUSINESS. discloses the good
news that our deposits have climbed
TO the round OF the ladder that regis
tiers s506, 445 OF, thus showing d gain
Of $4S, 7e0.71, over the proceeding year
For this result we are indebted to the
untiring interest OF the ever efficient
corps Of the clerscaf star, Messrs
Sterling, Abel and Bropn. Our
Vice. President and County Directors
have also contributed, IN no small de-
gree, toward reaching the desired
goal. 70 the aforesaid gentlemen,
we beg TO extend our hearty congratu-
lation.
Whilst 10 IS d delight and pleasure
to refer to the splendid growth Of our
Institution and thereby portray a
cheering narrative, we must likewise
disclose the cloud that overshadows
us on this occasion. II is our sad
duty to record the death 81 our as
sociate and friend, JOHN W. RENE
HAN, which occurred az his late resi-
dence, Bashwood Manor, IN the early
hours d Wednesday March 3, 1915
AS the local memorists haze writing
50 fnlly and beautifully his biography
we deem i unessentiaI 10 add anything
further 70 lheis treatment 81 ihe sub
iect. SO We desire that our contribu.
tion shall merely take the form Of per-
sonal appreciation.
When usefulmen and mobiles passa away,
Theworld seems crippled in It's on-
Ward mace,
While whole communities are LETT be.
ref
And wonder who shall take the va,
cant place.
SO Old s.. Mays lost one 81 her
Gems
And Bashwood Manor siglis in ten.
dor reouiems.
Thus Renehan faded out man Of at
And ' = The front Of every public
good:
So BushEood Manor bloomnd beneath
his smiles
And scat,erea waracsi greetings far
abroad:
A farmer-horn, with ever open door
To every happy conner, rich % poor
These prosperous men, strong hearts
and level heads.
Hearts fun Of kindness, level heads
10 plan,
They are q bonedietiou u their
times
Men ~ 10 lead and ever III tfie van
So Renehan stood, d citizen 81 wtwih
And Busbwnon Manor seat Fiei4
blessing iortll..
He's seen no NJ, but Yon HOSPITAL
wards
Have not forgotten aud will not for
get;
And suffering Humanity thinks 81
him sill
And 81 Ills generous soul Will warm
regret;
Fun macy greatali patients faith
win bless our ttenehan down The
coming yearv
While his own chuech. by him beloy.
/ ed
Delights 10 breathe on him the
praises due.
So others Of diyereat faill,, come 10
his bier
And bring their own ungrudgine
honors too:
For solid worth aud duiy's kindly
rounds
Are not confined ~ any marrow
bounds,
The Bank also would bring rs fra
grant wrealhs
/ o. evergreen and lay them on his
i tomb,
While l3ushwood Manor s,ill shall
fondely seem
With gcniai memories cyormore 10
bloom;
Thus earth applauds again and set
again
Her solid, sterling upright, honest
men.
AN examinatiod Of the TWO state.
pents OF 1914 and 1913 viii show
that the last years business exceeds
the former and that the net profits up.
on the capital figures is nearly Il per-
cent. This fact, together with she
healthful condition OF the Bank, attsst
the assertion that the aaaisr OF your
Institution have been iudiciousIy
looked after
THE FEDERAL. RESERVE Acr.
Almost fourteen months ago The
Federal Reserve Act became opera
tive, and more than seven thousand
national banks in the rnitcd States
went under the provisions Of the new
law II was as bas been stated i mo-
mentous epoch 10 American financial
history 1t marked the ending OF a
half-century period OF what Rowe has
called archaic and wholly indciensible
banking procedure, and inaugurated a
currency and banking statute. the in
tent Of which IS 20 make forever inn
potent the former power Of few 10
dividuals % control the money supply
Of the country through processes or
periodical drainage Of the country
currency Il appears that this potcn
bal concentration Of the peoples
money has produced evils Of far-reaab-
ing ana sinister import. Ithas pefio-
dicaily caused famine IN currency
0eueraiIy. The manic Of 1907. az Wall