The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1918-01-18

who was presiding. No meeting in the
history of the institution. according
10 the Oldest stockholders who were
present from the very first and who
nave not missed single meeting, has
Deen more important, nor have any of
the reports shown larger increase in
DuslT IS for any one year. The meet
ing was opened with prayer by Rev.
}. A. Lewis and upon roll call it was
found that four-ffths of the stock
was represented at the meeting. The
trst report was that of the cashier
AMIR. j. G. Napier. Ii his report he
fV2d that approximately one mil.
Wars was the clearance of the
Ni9l7, I'VE have had an un-
}d business year. The big
ms III the history of the in
were the fall months of last
"a one month last year we
- v within a few dollars of doing
one hundred thousand dollars worth
vi business III one month and I pre.
dlct that a greater confidence than
ever before has been awakened in tbe
people for this institution. wbiIe. wo
nave mad our share of reverses w,
leei IL Is but natural that a concern
DONG business shall encounter these
Anu we submit to you repOrt of tbe
year work by months for vorr co,n,
parlson as well as for your informo.
Iloh' declared Mr.. Napier, when call.
Gu upon for his report While if w.s
peihg made, the president came il, and
was applauded by the stock bol,,on,.
ne mad been detained at home nn
aooouht OF no street car service and
.he severe condition of the weatnor
lnipeulng the progress of all moJo,
y. transportation. He made snra,,
alu talk, declaring that "the Ono ront
saving Bank had weathered not onlu
recent mlsfortunes, but could anto.
uate 10 the panic of 1913. with oaoI,
naurt Stro,nt our bank had grown in
ssiehsth and like the wind shakes tho
nnay m,snty oaks and causes the roots to
expand and go further into motbeu %
esi III so IL has been with every hard.
sup that our institution has had ~
unuergo, until tonight we face vo,
WIN not only an increased business
oVer last year, but an increase oUon
tnls month of last year and With vi aI
VIII dlvldened check ON vour in,
se vestment. The most marvellous mart
oou' aoot OUT institution is we have maid
eacn year a dividend after bop;nu
mel all running expenses ard tban
we nave been able to pass to the "l
ls pus tuna healthy amount. TIN
stocknolders who began with tbe ~
stitutlon and who purchased ssnn
haa o,'n oi STOCK the first year. he has
nau paid back in dividend $40 and
s.ili mas the $500. His same AZ m
nas increased in value until II is now
worth $3.50. Add this $3.50 TO wbot
nas Deen paid to him and it shows that
tne original $500 is now worth s11 % on
coming within 10c of doubling itseIs
IN Iourtet years.
The Lord has also had a nlo, j.,
neiping our institution, the growth
ol ., wnich has been watched with no If.
eie ihterest. We are the pioneer Nc.
gro pank of Tennessee and II was IN
70 us TO restore the confidence tbot
lor q while had been affected bv tbe
closing OF the Freedman's Bank riebt
arter the Emancipation. Every stocL.
nolder OF the institution has been
given guaranty to the desopitors
Dy the purchase of their stock and
tney themselves have received fur.
ther guaranty by the accumulation
OF the surplus" declared the president
IN the course of his remarks. A splen.
ala talk was made by ]. w. Grant
the attorney who was optimitic over
the outlook and who admonished the
stockholders to continue their great
work. Talks were also made by Rev.
VIM. Haynes, DR.. c. H. Clark, ]. S.
Gibbs, DR.. ]. A. Napier, and the as
sistant cashier, G. N. Langston.
The President DR.. R. H. Boyd,
delivered the following timely address:
This institution has stood from
1904 to 1918, fourteen consecutive
years. When we opened our doors
fourteen years ago, our assets were in
round numbers s16OO.OO; our assets
today stand between $80,O00.OO and
$S5,OOO.OO. In looking backward over