The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1920-01-16
ANNUAL MEET OF
THE GRENADA BANK
Report Of President Showed 1919 to
Have Eclipsed All the Splendid
Years Of Banks History


Have Eclipsed All the Splendid
Years Of Banks History
Owing to the fact that the Edito
OF this paper was sick and The Senti
mel was unable to have any othel
representative at the annual Grenads
Bank meet last Monday, the follow
ing write up by Mr.. G. L. Suggs, {
special representative of the Jackson
Daily News, is reproduced:
Upward of 100 directors and stock
holders in the Grenada Bank and its
twelve branch institutions have re.
turned to their homes in eight coun'
ties after attending an enthusiastic
semi-annual conference here Monday
as the guests Of Hon. ]. T. Thomas
president of this string of banks.
The meeting was interesting, as
are all meetings presided over by
Mr.. Thomas. 1t was a profitable
meeting, too, for the gathered stock
holders and directors heard reports
of the most successful year in the
history of the Grenada Banks. De-
posits increased 1884 per cent. Up
ward of $S,OOO,OOO is the total
amount of deposits now as against
$4,00O,000 in 1918. A dividend of
IL per cent was declared.
Report by President Thomas
A feature of the morning session,
which began at $50 to allow a good
number of those in attendance to
catch the noon trains, was the read
ing Of the report of President Thomas,
who disclaimed any of the credit for
the magnificent showing made, pre-
ferring rather, with characteristic
nodesty, to place full responsibility
upon the intelligent, faithful, coop
Grafton Of employees, not forgetting
TO mention the part the banks pa
irons played.
In a preamble to his report, Presi-
dent Thomas told of the Importance
of more and better roads and more
thorough pay for school teachers. and
in fact, educational authorities the
state over Education and good
roads go hand in hand down the
highway of progress" said Dir. Thom-
as; 'the one equally dependent upon
the other. 1t is sincerely hoped that
the legislature at present assembled
provides for both Of these public ne
cessities."
Improves Farm Life
Mr.. Thomas told also of the work
the Grenada banks are doing to make
more attractive farm life, growing
ever in popularity with the introduc--
tion of modern improvements. A
large truck machine and films of the
latest is making trips regularly over
the territories reached by the Gre
NADIA banks, giving free movie pic
ture exhibitions. With the truck
goes also an experienced and pleas
ing lecturer who adds much to the
exhibitions. Films of an education
al nature, films intended to instruct,
as well as pictures primarily to en-
tertain are shown.
Pioneer in Movement
Always a pioneer, it was Mr.. Thom-
as who first conceived the idea of
loanine money to club boys and girls
through the medium Of the chain of
hanks over which he presides. This
work was very successful, and many
boys and girls owe their start in farm
life to the generous help of these in
stitutions
Although Mr.. Thomas didn't men
ton it in his report, he is giving girls
and young women chance to prove
their proficiency in the banking busi-
ness. Not ripe for telling, yet, are
stories Of the success numbers of
these girls have made. The stories,
nevertheless, exist.
Peculiarly fitting to the occasion
was the address of Mr.. c. NJ. john !,
son, of Rush City, Minn., who spoke
on "The Pursuit of Happiness" en-
phasizing the necessity of service,
the very thing every report read, ev-
cry speech made and every resolution
passed by the Grenada bankers,
breathed forth.
Exponet of Enthusiasm
Mr.. Johnson, whose address was the
feature of the morning session, prov I
ed himself an exponent of enthusi- !
asm; what Americans commonly term
"pep." Taking the word enthusiasm,
Mr.. johnson defined it by pointing to
the middle letters, "us," which he de-
clared stood for United States, then
narrowing down his illustration to
every community and finally to the
single letter a." the center of en-
thusiasm. Ambition, efficiency, and
service are companion words, COM
panion qualities, Mr.. Johnson said.
The speaker denied that accumulation /
of wealth took one forward on the !
road to happiness, although he de-
clared enough money to free ones
mind from worry about necessities
was a mighty good thing.