Saint Mary's beacon. [volume] (Leonard Town, Md.) 1867-1983, 1918-01-17

kpQluefa OF the First National Bank 3
ST. Nhry's. held 1T It's banking honse
Ieonardtown. Tuesday, Jan. 9Th. 1915
President /, g, Munfora delivered tn
following address
| nStockholdera NJ the First Nationa
Bank Of ST Mary's- Chairman an
Gentlemen
We desire first to give expression t,
the All Vice Father for His manifoIs
mercies 10 Us during the period this re
port includes This year which CLOSED
90 the hirty first ulto. has proven, W.
are glad to state. similar year tn that
gf 1915. relative to fhr shadows Of the
grim REAPER which we so much drepd
The death angel has not visited any
home Of our official family or Of the d.
rectorate FOur earnest prayer is that
the wear 1918 may disclose similar fs-
vors to all our stockholders Whilst the
shadows Of sfiiiction and death have
not visited our immediate homes, vet
they have fallen very heavily upon tho
nations at war. and the vacant chsir Is
visible 10 millions Of homes Nearly all
the nations have been passing through
the Valley Of Raca. This valley stands
for on experience IN life. The well IN
the Valley Of Baca IL an eastern meta
phor designed to point out the possibiIi
" Of peace IN the midst Of trouble, of
comfort n distress. and Of thanksgivir 2
10 UNLIKELY places and Ut unlikely times
indeed. the worli At this time isa val
lev ~ weepinV. II has been made
black with the ~reckaee II once happy
homes. But there isa redermine well.
Yes. there are wells OF blessings (shark
God IN this terrible valley The flower
Of the yourg manhood Of dozen ma.
tons has persisted since Aug. 1914. Ten
million homes are In mourning. The
streets Of European cities are crowded
with European crippled soldiers. The
world has never before had such clear
vision Of eternal val ice Never before
have we held mere material possessions
30 lightly. From The rubbage heap of
civilization. the jewel OF Character
shines out with nndimmed spiendor.
A. We enter the new year the Joy and
sweetness that are usually found IL this
experience @ill be saddened and soften
I'd BY the thought that the world is Of
wal, There Is CLEAN Of light, how
ever. IN the thought that the world is n
the throws % a great revolution. and
thst ~hen this wsr " iron by 4 ight,
as Il must be. all nations Of the
will enjoy the sweet blessings Of liberty
and freedom for which our forefathcrs
fought more than century ago.
SO. By His help We 20 from strength
10 strength. lifting nur hearts IN graft.
taae unto the Giver Of every good and
perfect gift.
liispv pas Siysa.In figures detailed statement
v The ansnslai ooaditier % tho hankl
The pFolite upoa our capital after de.
iaesing al expenses. including taxes
nd interest psld on savings accounts,
are 10 per cent which exceeds any
pear sines our Inescassd capitalization.
Il wils be sce= shms cur resources arc
greater FOR 1917 b. stg7. ssI 10 and an
increase IN deposits ok Sias. sg6 Il.
Your Vice President. usahiers and
sshcr assistants have ctntsibused in no
mail way to sttain thia taault The
directors. The members 81 tho .gArious
,onBlsteea have sawed y6nr tn ,sse4siA, !
'liteisntly ard well and wltbsat their
,aorss the splendid showily. at,sstsd BY
be aforegoing figures Odd not have
prem reached.
Your worthy cnshict wrote me az 20
he years business !. Der date Of Dec.
18th. IN rart AZ foIIaes we have
rad good year. ard our net earnings
viii compare favorably with previous
learu. We are growing both IN depos-
q and IN earnings. and were conditions
v the financial world leas uncertain and
ne values Of al secnrities. even the
'ery best not 70 depressed. our current
iaif year wouid be very much alb I'VE the
iveragc The deposits are now above
isSs.. 900. and while my ambition was 10
rave our resources reach the million
mark, we are not quite there. yet are
reasonably close thereto. being t9T9. 900. /
Mr.. Sterling also wrote under same
iste relative TO oar proposed new bank.
ny house Il wish every day for bet
Ter and enlarged quarters. but we all |
fcsi it unwiss TO begin under the pres. |
mt uncertain market conditions to
build Yet, | believe would favor /
even now. at the high prices,
Il there were any surety OF our getting |
shipped as "
We recommended IN our last report |
The erection Of new building and sug-
rested that the stockholders should take |
ieiinits action either 70 enlarge thls
present bOilding or erect new build. !
NC. The stockholders endorsed our
recommendation and authorized tho
board 70 erect new building Of such |
proportions and architecture that would |
be adequate to take care Of our grow
ing business and at the aame time prove |
and acceptable to our faith
Iul and efIisient clerical staff
The old year has indeed been momen-
ioas ard VI this time It II exceedingly |
iifficult 10 fnrsshsdow future events.
In our Inst annual address we held out |
he hone that the European war would
Iosn close. We. however. stated that
wing to the allies responses 70 Ger
rnare r,rnnnaifinn fhnk khnrn |