The courier-index., 1918-01-11
MARIANA BANKS HAD
A PROSPEROUS YEAR
ALL SHOW INCREASED DEPOS-
ITS AND HIGHER EARNINGS
DURING t917-OLD OFFICERS
AND DIRECTORS REELECTED

more than a million and a half
dollars in deposits at this time Just
as they close the most successful
year they have experienced in many
years. Interviews with the presi-
dents and cashiers of the McClintock
Banking Company, the Lee County
National Bank, the Peoples Savings
Bank and the Bank of Mariana re-
suited in the one verdict that 1917
had been a banner year for business
and agricultural interests in par
ticular and for all lines of CONNER
cial and industrial endeavor as well
as for the great masses of men who
make up the ranks of skilled and un-
skilled labor.
w. S. McClintock, of the McClin-
took Banking Company; Chas. Nc
Kee, president of the Lee County
National Bank; w. H. Newbern,
president Of the Peoples Savings
Bank; and Hugh Nixon, cashier OF
the Bank of Mariana, each state
their respective banking institutions
broke many records during 1917.
While the cotton crop was short,
the splendid prices paid for the
staple yielded volume of money
that almost absorbed the shortage
in the crop
Mr.. McClintock stated his bank
reached high water mark indeposits
on January T. when the books show
ed the deposits totaled $3.50 1868.
This is a private bank. not in
corporated, and is owned by Mr..
McClintock, r. L. Nixon and d. S.
Clark No announcement has been
been made by the owners as to the
per centage OF earnings during the
past year. but the statement was
made that the profits were very
satisfactory to the owners.
The Lee County National Bank
earned 25 per cent during 1917 Its
deposits stay we'll above the half
million mark. AT the close of bust
ness Wednesday Mr.. Mckee said the
bank had $544,0OO, which was less
than it had a month ago. The di.
rectors and officers who served the
bank during 1917 will also serve
during 1918. They are Chas Mckee.
president; ]. B. Grove, vice presi-
dent; S. Goldstein, cashier; G.. s.
Wright, assistant cashier The di-
recors are Chas. Mckee, A. B. Banks,
C. f. Daggett, J. B. Grove, F. R.
Dupuy. J. M. Hewitt and Morris
Lesser
Cashier Newbern of the Peoples
Savings Bank expressed extreme
qualification over the splendid show
ing his bank made during the past
year. The deposits have grown
steadily, reaching high water mark
on January when they aggregated
$241 ,010.24. On January s, 1917, the
deposits were $146,42O.S2. The banks
earnings during 1917 were rs per
cent and during the past five years
the total earnings have been As per
cent of the capital stock. 1t is the
policy of this bank to build up big
surplus fund and for this reason
the earnings have not been paid out
in dividends. The capital stock is
VcVsVVV, anu titC Sui PiuS AuhN 10
$4,000. or sixty per cent of the
capital stock The officers who
served during 1917 will serve dur
ing 1918. They are w. ID. Newbern,
president; s. H. Grove, vice presi-
dent; w. H. Newbern. cashier; and
Gordon Love. assistant cashier The
directors are w. D. Newbern, S. II.
Grove, ]. B. Daggett, NJ. E. Newbern.
and r. M. Boon.
The Bank of Mariana has the
largest capital stock of any bank
in Mariana. hence its per centage
of earnings did not show up as
large as do the others, although the
actual amount in dollars and cents
is about the same. The per centage
of earnings to the capial stock dur
Ing 1917 was sixteen. The deposits
have shown a steady and consistent
increase with each statement called
for by the state banking department.
At the close of business on January
8, the deposits were slightly in ex-
cess of 100000. or the $4,000 cap
ital stock of the bank $4,000 repre-
sents paid capital and 100000 earn
ed capital. The bank owns a hand
some $4,000 building which it erect
ed several years ago. The officers
and directors who served during the
last year and who will continue 10
direct the affairs of the institution
during the new year are as follows'
Max ID Miller president: DIR. q. l..
Williamson, vice president; Hugh
Nixon, cashier; J. e. Allen. assistant
cashier. Directors: Max d. Miller
ID. l.. Griffis. p r. Turner. jacob
Shaul. ]. r. FELTON,, H. S. Nixon, r.
N. Burke, DR.. O. l.. Williamson and
Hugh Nixon.
More than 100000 cans of food
were put up this summer by the