The courier-index. (Marianna, Ark.) 1917-current, 1920-01-16
RANKS OF CITY
ARE PROSPEROUS
.rrrNT STATEMENTS SHOW
nrposlTs OVER TWO MILLION
. ANNUAL STOCKHOLDERS
urrTINC HELD THIS WEEK.

r,s three banks Of Marianna-the
=. County National, the Bank of
u.,;auna and the Bank OF Com
.,.r,e-have depbsits aggregaHing
NOR, r than two million dollars accord
~ 70 statements made by officers
. these institutions during the past
H. Javs. The Bank of Mariana
ip....d the million mark last week,
~ T lee County National has nearly
~ million and the Bank of Commerce
.hat started business only three
NE. ssorths ago, has deposits amounting
~ sil2.O00. The past year has been
!" prosperous one for the financial
n,t;tutions as well as for other kinds
# business in Marianne. The Lee
County National paid its stockhold-
srs total of fourteen per cent in
s;v;dends. the Bank of Mariana
rs;d ten per cent and the Bank of
commerce, at the close OF its fis-
rsl year will have earned a substan-
tial profit if it's business continues
"a grow as it has during the short
time it has been in existence. At
the meeting of the stockholders of
the Lee County National Bank the
following directors were elected for
the ensuing year: J. B. Grove, M.
Z, Newbern, J. B. Daggett, F. r.
Dupuy, M. Lesser, c. E. Daggett,
RM. Boon, J. M. Hewitt and Chas.
Mckee. Officers were elected =. as
follows: Chas. Mckee, president
j. B. Grove and c. E. Daggett, vice
presidents; E. C. Robertson, cashier
Z. C. Barton, assistant cashier. Pres
ident Mckee in his report to the
stockholders, showed the total de-
posts were 1884 900 of which amount
sl63,000 is in savings accounts, de-
posted by $50 individuals. The
bank has been laying especial empha-
sis on the necessity for practicing
thrift and saving and the splendid
growth of this feature of the bust
ness was most gratifying to the
officers and stockholders. The
statement to the stockholders further
showed that in 1914 the capital
stock, surplus AID undivided profits
amounted to $10O,00Ss the deposits
we're S296,000, and loans and bonds
amounted to S33O,000. In 1919, at
the close of the year the capital, sur
plus and undivided profits were
yl35,O00, the deposits S850,0O0,
loans and bonds $85O,0OO. The
total cash dividends paid during the
past SIX years amount to $34, 500,
which, added to the surplus and prof
Us now on the books, makes a net
earning of S87, 900 for six years.
Inc insurance department of the
Oank, under the able supervision of
4 L. Hope, paid an additional divi-
uena OF two per cent on the $50, 900
capital stock of the bank, making a
@sai OF fourteen per cent paid the
aoGckholders during the past year.
Inc Bank of Mariana is in no less
prosperous condition. Its business
aufing the past year, as noted in
- article in the Courier-Index last
sesk' has shown remarkable in
sIease. At the meeting of the
AocKnolderS on Tuesday of this week
e annual dividend Of ten per cent
, sas ordered paid and a substantial
~luon OF the earnings was passed
y sne surplus fund. DIR. o. L. Will
SWTnSson, +. N. Burke, p. r. Turner,
p'SS, McClintock, Max D. Miller. J.
lelton. J. Shaul and r. L. Nixon,
% br.e elected directors and they in
s s,n reelected all the present Off
M no. ., the bank as follows: Max
llier, president; DIR. o. l.. Will
e, s,hSon, vice president; Hugh Nixon,
cI;r. j. +. Allen and w e. Nc
''Mrtock, assistant cashiers,
E1ne BANK OF Commerce owned by
H.. =; Newbern, Mrs. W. D. New
DC " " L; Griffis, S. H. Grove and
N = clark, held its annual meeting
ss,s tuesday and continued its Off
sss elected at the time the bank
Oss;S organized. W. ID. Newborn is
idsn.0 5. H. Grove is vice pres
1'as and D. S. Clark. cashier.