The daily banner. (Cambridge, Md.) 1897-2008, 1918-01-15
CAMBRIDGE BANKS HOLD
ANNUAL ELECTION
Stockholders OF Three Cambridge
Banks Elected Directors Last
Week-Year Recently Ended Was
\ Very Successful One.

The two national banks, The Ma
tional Bank of Cambridge, and The
Farmers & Merchants National
I Bank. and one of the State Banks,
/ The Peoples Loan, Savings & De-
post Bank, held their annual cleo
/ ton of directors last Tuesday, there
being no changes in the dlrectorates
! of any OF the banks. The year re-
Gently ended. calling for much ad-
! ditional work upon the part of the
! banks. was a very successful one,a
I of them paying their regular divi-
dends and adding substantial
! amounts to their surplus and undl-
vided profits accounts.
! The total resources of the three
/ banks amount to $2,347,254.61 an
increase of $521,037.47 over a cor
responding period of last year, the
statements for Dec. 81, 1916, show
ing total resources for the three of
i$l,S26,217.15. The total loans and
discounts of the three shows total
! of $1.492,67127, while year ago
they were $1,295, 5,645.59. an increase
in Loans and Discounts for the year
of $197,031.6S, from which it will
be seen that the resources increased
$324,O05.79 more than the loans
and discounts. The deposits of the
three banks increased from $780,
311.6S Dec 27, 1916, to $685.
1921 on Dec. 81, 1917. an increase
of $4S9, 9,641.63, the increase in de-
posits not quite equalling the in
crease in resources. The most graft
flying feature of the whole, however,
was the increase in the deposits,
which showed a gain of nearly SO
per cent, which is an enormous av-
erage gain.
The elections were:
National Bank of Cambridge.
Directors: Messrs. Levi B. Phil
lips, Benjamin j. Linthicum, Will
liam f. Drain, Albanus Phillips, w.
Irving Mace, Ivy L. Leonard, John
NJ Clayton, Benjamin E. Harring-
ton, Samuel L. Byrn, a. Shepherd
Bayly, Thomas B. Windsor, Harry
C. Orem, John S. Skinner and Wal
ter B. Johnson.
The bank officers were reelected,
they being Levi B. Phillips, presi-
dent: B. J. Linthicum, 1st vice-pres
I ident; William F. Drain, 2nd vice
president; Walter B. Johnson, cash
ier.
The banks statement at the end
of the year showed:
Capital stock. $4,000.
Surplus fund, $4,000.
Undivided profits, $19,964.
Loans and discounts, S401, ,61 5.SS.
! Deposits, $467, 7,192.72.
Farmers & Merchants Natl Bank.
Directors: Messrs. William F.
| Applegarth, Milford Nathan, Ivy A.
| Andrews, Samuel H. Mills, Calvert
K. Jones James Waddell, Samuel
/ Z. LeCompte, James N. Sherman,
John A. Baker, DR.. John Mace, Ed
ward S. Phillips, Edgar B. Simmons,
Charles H. Seward, T. Milbourne
BfaflfDie, Geo. sss- fRsiey: s-s-=7
officers: William F. Applegarth,
president; Milford Nathan, vice.
president; James M. Robertson,
chairman Advisory Council; L.Thur-
man Phillips, cashier.
The banks statement at the end
of the year showed:
Capital stock, 100000.
Surplus fund, $4,000.
Undivided profits, $12,992.73.
Loans and discounts, $500, ,270.76.
Deposits, 634 1884.
Peoples Loan, Savings & Deposit
Bank.
Directors: Messrs. Emerson c.
Harrington, Albanus Phillips, John
R. Pattison. w. Grason Winterbot-
tom, T. Sangston Insley, William H.
! Hooper, w. Nicholas Williams, VIII
liam H. Leonard, Isaac o. Taylor,
Samuel w. Linthicum, Joseph W.
| Brooks, Jr., Frank H. Vincent, Edgar
| S. Gore, Robert H. Matthews and
! W. H. Spedden.
| Officers: Governor Emerson c.
Harrington president; Col. Albanus
Phillips, 1st vice-president; w. Gra-
son Winterbottom, End yicepresi-
dent; w Hamilton Spedden, cashier.
Capital stock, 100000.
Surplus fund, $25, 900.
Updivided profits, $10,832.87.
/ Loans and discounts, $3.50, 1856.