The Dawson news. (Dawson, Ga.) 1889-current, 1919-01-21
ATLANTA TRUST CO.
PLANS TO do BANK
ING BUSINESS

with an inOgcase Of We capital stock
Grsn $500. 900 TO $1,000. 600, the Atlanta
Trast Company, at its annual meeting
Of stockholders Wednesday afternoon
voted to open its doors for Q genesal
commercial banking business. foGsow
ing a change in its present quarters.
It will remove 10 a more central To-
cation, negotiations fer which already
are under way.
The meeting was . most enthusiasts
tic one. The business outlook for the
institution and for the Be0tAOa at lasge
was Of the rosisst ohaFaotsr. and the
statement that the present eaaatalSss-
ten ought to be increased met with
instant and unanimous support A
large proportion of the new stc0A was
at cAce subscribed for by the stock
holders present at the meeting, every
one Of whom took a liberal share.
The policy of the tnstitution hereto
fore has been to conduct trsAst com
pany business, bat demands made
upon Il for the acceptance of CONNER
cial business and the Substantial as
surances from many directions of busi-
meas to be offered, caused the trustees
and stockholders 10 be convinced that
a department for commercial banking
70 essential 10 perfect a weAFoundeo
modern trust company.
other Departments Planned
The abundant measure of success at
tanned by the farm loan departmeAf OF
the Trust Company ander the manage
ment Of the head of that department
has demonstrated to the satisfaction of
the company that the addition OF other
departments, under expert manage
ment, will result in profit to the stock
holders and a real service 10 the com
munity and state at large. Tue com
pany plans 10 add to it's other depart
ments a city real estate and loan de
paxtment and an investment depart
ment
officers Of the Trust Company state
that. With the use Of the new capital
and the addition Of the new depart
ments. its activities in Its present bank
ing, commercial paper, corporate and
individual trust departments Will be
greatly Increased.
At the meeting statements we're ex-
hibA4sd showing the assets Of the Trust
Company, and that the income thaEe-
from for the year 1S3D upon its pres
ent basis Of operations Is angie to
provide satisfactory earnings On q cap
ital Of 100000 WATCH eavRings Of
course, VIII be materially increased as
the rssWlt Of the use of additional cap
itAl SEd new departments.
The earnings for the year closed De
cemher 81 were such that, after the
payment Of 6 per cent dividends, ever
4 per cent was placed to the credit OF
wnGtvided profits accodnt, leaving she
pnssent book vasae Of the stock sic
per share.
Trustees Are Elected
At the stockholders meeting just
held the following board Of trustees
was elected:
Arnold Broyles, clerk Superior Co1rt
Fulton County; DR.. F. Phinizy Cal
houn, Hamilton Douglas, Jr., attorneys
Frank s. EtheTidge, president Of the
company; A. ]. Evans, president Citi
gems Bank, Fort Valley; Samuel N
EwHs, Evins & Moore, attorneys;
James S. Floyd. vice president, Allan
Ia NatAonal Bank; Robert L. Foreman
State agent Mutual Life Benefit L1fC
InsSssnoe Company. ]. M. B. Hoxsey
vice president Southern Bell Telephone
and Telegraph Company; B. T. Jones
banker, Canton; Mitchell c. King
cotton OH broker; Charles B. Lewis
president Fourth National Bank, Ma
con; George S. Lowndes. vice presi
dent Of the company John Morris, 5h'
Keely Company; w. P Wallace, bank
or, Rutledge.
The trustees met upon the adjourn
| ment of the stockholders meeting, anC
elected the following officers: Franz
S. Etheridge, president; George 8
Lowndes, vice president; Turner c
Trippe, treasurer; John B. Wheat, sec
rotary and trust officer; Jack ]. Spal
ding, counsel; H. o. Reeve, manage
farm loan department.
An interview with Mr.. Etheridge
president Of the company, immediatel,
following the meeting, resulted in thu
statement that it is the conviction o
himself, the trustees and stakeholder
that trust company conducted upon
liberal policy with ample capital, dc
partmentaHEed under expert superb
sion in each department, will provid
a mach needed addition to the fnan
cial machinery of this section, whicl
wifi compose an essential factor il
meeting the varied demands of tn
readJHstment period now in progress