The log cabin Democrat., 1917-01-10
THREE BANKS end
PROSPEROUS YEAR
HOLD ANNUAL MEETINGS
Stockholders of Conway Banking In
stitutiOn Elect Directors for
Another Year.

year of unprecedented prosperi-
ty, big profits and active business was
reported by the officers of the three
Conway banking Institutions, the
Bank of Conway, the Faulkner Coun-
ty Bank and the Farmers State Bank,
at the annual meetings of their
stockholders and the annual elections
of officers held yesterday and last
night. The second Tuesday in Janu-
ary by order of the state bank com
missioner, has been fixed as the uni
form date for annual stockholders
meetings of all state banks in Arkan-
sas.
One change was made in the direc-
torate Of the Bank of Conway, S.
Theodore Smith, rising young man
who is rapidly achieving a prominent
position in Conway business circles.
succeeding his father, S. G. Smith,
on the banks board. The other di-
rectors, all of whom were reelected,
are 10 Frauenthal, Sam Frauenthal,
f. U. Halter, J. w. James, D. O. Har-
ton and DR.. J. B. Mum (Vilonia) &.
Cashier L. H. Pyle reported to the
stockholders that, in common with all
other business institutions, the bank
had enjoyed an exceptionally fine
year, the deposits having increased
more than so per cent.
After the election the directors
held a meeting and reelected the Off
GERS for the ensuing year: 10 Frauen-
thai, president; F. y. Halter, vice
president; J. H. Pyle, cashier. Opie
Hartje and George Shaw, assistant
cashiers; R. W. Robins, attorney. A
dividend of 10 per cent was declared
and ordered paid, the earnings of the
year allowing a considerable extra
amount to remain in the undivided
profits.
An increase of nearly 60 per cent
in deposits in the Faulkner County
Banks was reported by Cashier V. d.
Hill at the annual meeting of the
stockholders of that institution, the
cashier also predicting that the com
ing year would equal the past in vol
ume of business and earnings. Nine
directors were elected for the year,
as follows: B. L. Harton, G. W.
Adkisson, w. D. Cole, Jr, j. w.
James, B. T. Deal, J. E. Little, V. D.
Hill, G. w. Donaghey and D. O. Har-
ton.
At the directors meeting held sub
sequently the following officers of the
bank were reelected: B. l.. Harton,
president; J. w. James, vice-presi-
dent; V. D. Hill, cashier; R. Fl.
Weems, assistant cashier; J. C. Clark,
attorney. A 10 per cent dividend was
declared, the balance of the past
years earnings being allowed to re-
main in the undivided profits account.
AS its fiscal year does not end un-
til March l no dividend was declared
by the Farmers State Bank yester-
day, but the annual elections of direc-
tors and officers was held. Cashier
Frank Farris reported to the stock
holders that the banks total deposits
were in excess of $600,000, an increase
of IS per cent over the same date
last year, and that the net earnings
were unprecedentedly large. The
stockholders reelected the following
directors: S. G. Smith, president; j.
A. Pence, w. B. Mills, W. j. drummer,
Wiley Mosley, w. L. Whitten and
Frank Farris. The directors last
night reelected the following officers:
S. G. Smith, president; Wiley Mos
ley, vice president; Frank Farris,
cashier; R. H. Maddox and H. c.,
Johnston, assistant cashiers; Gus
Allison, bookkeeper; Robins & Clark,
attorneys.