Omaha daily bee., 1917-01-10
OMAHA BANKS HOLD
ANNUAL MEETINGS
Cha IS in Directorates Are
ANN ced at Several Finan-
\, Institutions.
ONE INcHEAsEs SURPLUS

ONE INcMEASES SURPLUS
The Omaha National bank at its
annual meeting yesterday, transferred
$500000 from the undivided profits to
the surplus, thus giving the bank
surplus of $l,000000, as we'll as a
capital OF $l,000,000, which it has had
for some time. At the same time one
of the vice presidents, w. H, Bucholz,
was designated as first vice president,
a designation which is new in this
bank, as in past years vice presidents
have not been designated as hrsts, sec
onds, etc. Joseph Fl. Millard was re-
elected president. Ward NJ, Burgess,
]. DeForrest Richards and B. A. Will
cox were made vice presidents. Mr..
Richards was formerly cashier, and
Mr.. Wilcox was assistant cashier.
Frank Boyd, formerly assistant
cashier, was made cashier. Ezra Mil
lard and Otis Alvison, were reelected
assistant cashiers Randall X, Brown
of the Hill Coal company, and chair
man of the executive committee of the
Commercial club, was elected di-
rector, filling the vacancy caused by
the death of William Wallace.
President w. T. Auld of the Corn
Exchange National bank is to take a
less active part in the affairs Of the
bank. This he does under the doc
tors orders in order to conserve his
health, as it is found he must avoid
the rigorous winter climate in Me-
braska. He was therefore made chair
man of the board of directors at the
annual meeting of the board
H. S. Clarke Promoted.
H. S. Clarke jr., becomes president,
and F. F. Folda, some years ago vice
president Of the Stock Yards National
bank, and more recently director in
the Nebraska National became vice
president of the Corn Exchange. L. H
Tate was made cashier, and o. A. Hell
uuist, assistant cashier. The old board
Of directors was reelected, with the
addition of Z. F. Folda
Mr.. Clarke, formerly vice president
came to the bank with Mr.. Aud FIVE
years ago, when the two acquired a
large block of the stock. The bank
has shown an increase of over 100 pei
cent in deposits during their manage
ment.
Mr.. Folda, after travelling for fouI
years, says he is glad to get back into
active banking again. He now comes
to the assistance of the new president
in handling the banks affairs. Mr.
Folda is very we'll known among Ne
braska bankers as country banker
and we'll known also through his con
nections with the Stock Yards Ma
tional bank of south Omaha.
At the United States National banl
R. P. Morsman, former cashier, be
:, came vice president and cashier
Charles F. Brinkman, formerly as
,, sistant manager of the credit depart
, mcnt became assistant cashier. T. F
! Murphy and o. Williams became as
/ sistant cashier and auditor, respec
lively. The directorate remained I'm
q changed.
, No Changes at First.
The First National made no change
e in either officers or directors.
! At the Nebraska National E. F
e Foda withdrew from the directorat
t to enter the Corn Exchange. Johl
S w. Agncw and Epes Corey becam
4 new directors.
4 AT the Merchants National the plac
e of the late George Joslyn on the di
S rectoratc remains untitled Fred T
e Hamilton. who was cashier, becam
!. second vice president. B. H. Meilt
:. who was assistant cashier, becam
n cashier.
r At the Stock Yards National H. {
Miller was chosen director, in place G
J. Ogden Armour
The Live Stock National decided I
= double its capital, making the fgur
', 100000.
i The Packers National made n
> change, with the exception of the &C
y dition of another assistant cashier, "
: Z. Philby.
i No changes were made in the Stat
:, Bank of Omaha.
: New Business Developes.
o The First National has dcvelope
t some new business during its shoi
o existance in the new quarters in tn
new building at Sixteenth and Fal
c nam streets. The very first day
l. the new location the bank receive
d over 100 new accounts. Half of thci
S were savings accounts. They rang
c in amounts from 81 to $2S,000.
d c. F. Junod and Augustus kountz
II who were here for the reception an
o formal opening OF the bank in til
c new quarters, returned last night /