The Brinkley argus., 1918-01-11

uenC Oreonloe, the bank was re- organized and Messrs M. R. Stimson, Jno. c. Blessing, L. K. Brown, A. Goldberg, Jas. l.. Woodfn, Jas. s. Mitchell, Benj. Emmons, C. F. Greenlee and Wm. B. Folsom become the re- organizing directorate. At this time the stock was worth just 39 cts on the dollar. By hard work and strict care they made nice yearly diyidens for the stockholders and saw the stock grow in value from 39 cts to S1. 28.
 It was at this figure, SIPS that Wm. B. Folsom. one of the original re- organizers and Elmo Chaney. one year ago. closed out their stock in the Bank, footing dp several thousand dollars, 10 Dr. J. T. M. Johnston of St. Louis who now becomes a direct or.
 The following were elected directors; M. R. Stimson, L. K. Brown, Jno. c. Blessing, John G. Clark, J. s. Mitchell, Jno. T. M. Johnston, (St. Louis) and Ike Bondi (Clarendon.) M. R. Stim- son was elected President. L. K. Brown Vice-Pres., Jas. s. Mitch ell, Cashier, and Miss Clyde Mitchell Asst Cashier.
 Judge Greenlee in declining reelection on the board of direct ors addressed them as follows: Gentlemen:
 For many years you have con- ferred upon me a signal honor, by electing me a director of this institution, and the other direc- tors elected by you have, from year to year, unanimously con- ferred upon me a further and greater honor by electing me President of the Bank. My ut- most endearor has been to serve the institution, in the capacity of President, to the very best of my ability,
 Our bank has fourished; we have from year to year paid good dividends to the stock holders; have a nice surplus and the stock has greatly advanced in value. The prosperity of our bank attests the confidence of the public, in those who have had the management thereof. We have lost no accounts or loans which indicates careful, faithful efforts on the part of the dis count boards, and the efficiency of those gentlemen. When we consider the thousands of dollars which have been loaned to our customers, without the loss of a dollar and reflect upon the fact that we have not burdened the courts with foreclosure suits it shows that we have made a re- cord of which we may feel proud. It Is far from me to claim the en- tire credit for our phenominal success; the directors who have met with us at each meeting. without pay, and carefully in- vestigated every detail of the in- stitution, and especially those directors who are now serving and have in the past served on the discount boards deserve praise in the highest terms for they have been factors in our progress and 1 wish to take this occasion of sincerely thanking them for their efforts and their loyalty to me as the head of the bank. I also thank the public for the liberal patranage given to us, for the confidence and trust reposed in us. as evidenced by accumulations placed in our hands for safety.
 After so many years of pleas ant association with you, it isl with the deepest regret, that l decline to act as your president for the future, and cannot act as director. The many courtes- ies extended to me by you will never be forgotten; every act Of every friend who has made our success possible will ever be re- membered.
 Respectfully,
 c. F. Greenlee.