The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1917-01-19
GRENADA TRUST &
BANk'C co. PROSPERS
a Detailed Statement of Receipts for
Year 1916 for Cotton, Cotton Seed
and Other Produets-State'sB Biz
gest Enterpries on Fine Work;n,
Basis-Some Valuable Data.

the STOCK holders Of the Grenada
Trust & Banking Co. was held on
Thursday. January 1lth. The state.
ments and reports showed the year
1916 to have been the most prosper
ous and profitable since the organiza-
ton; the report of the president
showing a net profit of "a per cent
made on the capital stock for 1916.
Of this amount 16 per cent was paid
in dividends and the balance passed
to the surplus account.
This bank has made an almost IN.
paralleled record since its organiza-
ton, having paid its shareholders
IA per cent on their holdings and
created surplus fund of over
s22 100000. the last sale of the stock
being above 2 for /.
The reports showed the bank well
looked after. The directors have
not missed monthly meeting with a
quorum present. The banks affairs
have passed through the hands Of
two different State Bank Examiners
the past year without a criticism
from either Of them.
The following officers were elected
for the new year: II. J. Ray, presi-
dent; Cowles Horton, vice-president
and W. X. Huntingdon, assistant cash
ier.
With such record as the above
the Grenada Trust & Banking Co.
starts out with the year 1917 and
faces the future with that confidence
and that hope that always comes Of
duty we'll done, of a task well per-
formed. This institution has had a
well defined aim and purpose; it has
mot logged along in hap-hazard
|way, sdoing today what should have
been done yesterday but has planned
today what it should and desired to
do tomorrow, next month and next
year. No man, no business, no en-
terprise can live up fully to his or
its possibilities, who whacks off time
as if his or her chief concern was
time whacking. The plan of the
wise general, who has a map of all
the creeks, ravines, rivulets and riv-
ers as we'll as the mountains thru
which OF over he purposes to carry
his army, has been the plan of the
Grenada Trust & Banking Co. Ac-
curacy, accommodation, courtesy and
correct busines has been the banks
standard 1t has built from the
foundation. There is not a spurious
stone in its structure; it has gone up
foot by foot, day by day under the
care and the direction of the most
discerning eyes and the most critical
officers until today it stands as
giant oak among the banking institu-
tions of Mississippi. 1t is the petted
and favored child of it's organizers,
the sweetheart of it's officers, the
milch cow of it's stockholders and
the refuge as we'll as ornament of
the general public. 1t does, while
others are trying, because its machin-
cry fits; it is on the road while others
are trying to start because its bat
teries are in order.
AS before remarked in this paper
about this splendid institution, this
bank has been we'll and wisely Of
ficered and it is the man at the helm
at last that counts. If the public
respects a mans general character,
if it has confidence in his honesty
as well as his intelligence and believes
that he has those elements in his
makeup that make for good busi-
ness, there is little trouble in getting
it's ear and it's attention. All this
can be said unreservedly and un-
qualifedly of Mr.. H. j. Ray, the
president, the real directing force
of the Grenada Trust & Banking Co.
Mr.. Ray has that persuasion to lead,
he has that knowledge of men and
conditions that will make him look
mo" without leaving any unpleasant
impressions, and he has that keen
precision of thought and accuracy of
forecast that corrects blunders by
not making them and that rectifes
errors before they are made. Aside
from all this, he is the good husband,
the confiding friend and the useful
citizen. With him have been asso-
ciated very capable directors who
have the confidence of the commun-
ity and for the past several years
Mr.. Keene Huntingdon, one of the
most promising and worthy young
me nof Grenada, has been the banks
acc;ctopf caShiar