The West Virginian. [volume] (Fairmont, W. Va.) 1914-1974, 1919-01-14
SOME CHANGES
IN Q|R[GlpRATES
'0F COUNTY Banks

NO sweeping cnanHee ere sde IN
the election OF bank dir 80 j in tho
city or county although seral insti;
tutions elected new ectors. No
changes were made at |he Peoples
Bank, or the Hons savind Bank.
At the Natiop(6 Bank Fairmont
DR.. ]. A. Jam yon, Of thl city. was
chosen as az additional di Hector.
The FAT mont Trust con.pany IS u
be congp tulated on seeurilg the ser.
vices ~ Jacob r. Straight who was
elected as Q director In tint institu.
tion by its stockholders and also was
placed on the Executive board. Mr..
Straight was born and raised in Fair.
mont district, Marion county; his rela-
tives have always taken q leading part
In the business affairs Of the county,
and no young man In the city stands
higher or has more friends. He will
bring to the aid Of the Trust company
his splendid business ability, which
has been demonstrated by his ener.
getic, successful business career. Mr..
Straight was. in the employ Of the Fair.
mont Coal company (now known as
The Consolidation Coal company from
1900 to 1909. He then became identi.
fled with the Rosebud Fuel company
as secretary and treasurer, which po-
sitlon he still retains. In the year
1913 Mr.. Straight became treasurer
Of the Fairmont and Cleveland Coal
company, this being the year that this
company was organized. IN the year
1915 he was made secretary and re.
manned as secretary and treasurer I'M
til January 1, 1919, at which time he
resigned both positions, having sold a
large portion Of his holdings in the
corporation and now has no official
connection with this company.
AT the Fairmont State Bank two new,
directors were chosen In ]. w. ,Deyi.
son, general manager Of the New Eng.
land Fuel and Transportation com.
pany,s mining operations at Grant
Town, and Attorney James A. Mere
,dith, prominent member of the Ma.
dDn county bsr. n
NO changes we're mad In the direc.
itorate Of the Monongahela Bank on
the East Side. Some time ago w. O.
Snyder. manager Of the Model Bakery
was selected as q director, and he was
.re.chosen with the other former mem.
bers. "A resolution was passed today
authorizing the increase Of the capi.
tal.stock from $50, 900 to 100000. The
bank enjoyed its. most successful year
in its history having paid dividends
meeting 10 per cent ten per cent, as
the regular divide and two per cent.
as an extra dividend. The bank gave
its employees eight per cent. Of their.
regular wages for the year as a bonus
for their extra work during the bond
issues and other war fund work.
In the county banks no radical
changes were made in the personnel.
of the directorate. The First National
Bank Of Warrington has new direc.
tor IN r. D. EAtha who takes the place
OF M. "A. Morgan, and the Exchange
Bank Of Mannington one IN John A.
Ford, who took the place OF j. n. Hop
kins. Late this afternoon changes
were expected In the directors OF the
Bank Of Warrington.
National Bank OF Fairmont.
Stockholders Of the National Bank
OF Fairmont- today elected directors.
making an additional selection in DR..
ID. "A. Jamison, OF this city. The dlrec.
tors elected we're as follows: j. 81.
Watson, Jacob s. Hayden. alton NIL
ler, Glenn B. Barns, M. L. Hutchinson,
sC. w. Watson, "A, B. Fleming, D.. M.
sHartle ley, o. s.. Mckinney, +. p. Mich.
Continued on page eight.)