The Tupelo journal. (Tupelo, Miss.) 1876-1924, 1918-01-11
BANKS OF THE COUNTY
HOLD ANNUAL MEETINGS.
Largest Deposits in Their History
Past Year Most Successful.

The banks of the county during
the past week have been holding their
annual stockholders meetings, and
the statement of each shows that the
condition was never SO prosperous as
at the present This condition is re-
markable from the fact that the sec
ton from which their business is
drawn suffered great disaster IN
1916 by the destruction of the crops,
and also cutting of acreage of the
cotton crop reduced that crop, which
is our money crop, fully one-fourth.
The Bank of Shannon.
The Bank of Shannon held its
meeting on January 3. The state
Ament of the net earnings showed
something more than sixteen per
cent, which was divided between the
annual dividends and the surplus ac-
count. This bank has showed re-
markable gains. When the present
cashier, Mr.. M. M. Miller, took charge
of the bank in 1909 the deposits were
S13,166, and on January /, 1918,
were S13O,613 Mr.. Miller is too
modest man to claim credit for all
of this increase, but the business pub
lie gives him credit for putting the
bank in it's present splendid condi-
ton. The stockholders were so well
pleased with his work that they raised
his salary and gave him a bonus for
the fine showing he made on last
Years business. The old officers were
reelected: j. M. Thomas, president; /;
t. C. Lauderdale, vice-president; M.
M. Miller, cashier.
Peoples Bank and Trust Co.
On Tuesday, January 8, the stock
holders of the Peoples Bank and
Trust Co. held their annual meeting
in the directors room and went over
the report of the officials of the bank.
The showing was a great increase ov-
er any previous year in the history
of the bank. The semi-annual divi-
edend of FIVE per cent. was declared
ard six pe- rent. lassed 10 I'll lrpl ls,
account. This surplus amounted to
$4,000. The deposits are also the
largest in the history of the institu-
ton, being 81 ,667, ,S01. .68, an increase
of more than 100000 over the
amount shown in the statement of
month ago. Mr.: S. j. High, who has
been the active man in the bank since
its organization, and who has pushed
the business to its present proportions,
was made active vice-president. G.
H. Dabbs, who has been the assistant
cashier for number of years, was
made cashier, and Floyd Adams, who
has been the teller, was made assist
ant cashier The officers and direct
ors are: ]. J. Rogers, president; M.
E. Leake, vice-president; S. ]. High,
active president; c.. H. Dabbs,
cashier; Floyd Adams, assistant cash
Ter; D. w. Robins, J. M. Thomas, o.
3. Rogers, R. L. Pound, w. L. JOY
ner, R. W. Reed, F. L. Spight, S. P.
Clayton, L. C. Feemster, Guy Mitch
ell, P. K. Thomas, W., 7. Reeves, R. O.
Perkins, J. B. Burrow, j. A. Bonds,
J. D. Furtick, E. M. Perry, S. C. Nc
Mel, D. T. Yates.
Bank Of Guntown.
The Bank of Guntown held it's reg
ular annual meeting Wednesday, jan
uary 9. The condition of the bank,
as shown by it's statement, reflects
credit upon the splendid management
by the officers and the good condition
of the territory it serves. Their de-
posits of $161 ,404.39 is the largest
they have carried at any time before.
Mr.. Crenshaw, the cashier, is al
ways alert forA business and has sue
.ceeded in placing the institution in a
most satisfactory condition. The of
ficers and directors were reelected
as follows: L. A. Mitchell, president;
d. w. Robins, vice president; N. Fl.
Crenshaw, cashier; S. J. High, r. G.
Norton, w. H. Green, R. A. Bryson.
Bank of Saltillo.
The Bank of Saltillo during the
past week held it's annual stockhold-
ers meeting, at which the annual
statement was submitted by the Of
fcers. This statement was most graf
flying to the stockholders, carrying
with it ten per cent. dividend and a
neat sum to the surplus account. The
deposit account showed more than
100000, while the volume of bus
mess exceeded any previous year.
Mr.. Leonard Wesson, who for the
past twelve years has been the cash
ier, and has worked diligently for the
institution, resigned his position, and
will move to Tupelo, where he and