The Belding banner-news. (Belding, Mich.) 1918-1973, 1921-01-12
BANKS AND MFG.
CONCERNS IN
ANNUAL MEETS
SPLENDID YEARS BUSINESS
REPORTED WITH PROSPECTS
BRIGHT FOR THE FUTURE

BRlGhI FUN HE TOAONL
The banks Of the city and some OF
the manufacturing concerns nave
been holding their annual meeting
this week. and in most of the cases
GOOD reports of the past years bus
mess were rendered, together with
an encouraging outlook for the fu-
The Peoples Savings bank held its
annual meeting on Tuesday and de-
clared the usual dividend. The re-
mort to the stock holders showed a
fine increase over last years business
and a splendid outlook for the fu-
ture. At the election Of directors
ali the old directors were reelected
with the exception of George Hop
nough. who lives at Grand Rapids
and is unable to attend the regular
weekly meetings which the bank al
ways holds:
The officers are as follows: Brinton
r Hall. President; Frank K. Chase
Vice President; Ambrose Spencer,
Cashier: and Sumner Wilson, Assist
ant Cashier. The directors are the
above together with II. l.. Page,
Fred Underwood, Chas. Eddy, George
w. Moulton John Hessler and Frank
The Bslding Savings Bt'N also
held its annual meeting on TUESDAY
and a very good years business was
rey,orted. A six per cent seml-an"
nnsi T;ridend was declared for the
stock holders and lie bar,ks financi-
9onijtjon shown to be IN q better
cerGirion that ever before. Casn'er
Lamb rtson is an optimist and says
that things will be fully as good II
not kc.tor than ever afeer snort
All the old officers and directors
wera reelected, as follows: Presldent
Fl, ]. Leonard; Vice-President, A. N.
Reldiip: Cashier, Walter ). Lam
bertson; Assistant Cashier, Harrison
Parker. The directors are with
the execution of Mr.. Parker, the
above and in addition, w. p. Heth-
erington. w. c. Spicer, M. Nj. Bel
dino and E. c.. Lloyd.
The Belding Foundry Company
held its annual meeting on Wednes-
dav noon and showed one OF the pest
renorts which has ever been submit
ted to a meeting of stock holders IN
this city. Among the items which
the report contained was the state
ment that the concern had paid out
close 10 S45 900 for labor in this city
during the past year and had done
a gross business of nearly $l3O,OOO.
THE old officers who certainly have
proven their efficiency, were reflect
ed as were also the old board OF DIR.
ectors. Conditions at the foundry at
present, while not booming, were
stated to be far better than they are
in other foundries throughout the
safe and the plant is in first condl,,
ton and excellent shape to go ahead
with their work when business again
picks up.
The Jacquet Motor Corporation
held their annual meeting on Tues.
day and while a glowing report OF
the past years business could be
shown in one way, it was considered
to have made wonderful progress In
the light of the many difficulties
which have beset the concern since
it was started year ago. With the
acquiring of the big contract for the
manufacture of the steam gas gen.
orators which the concern is now
working on, the outlook was consld-
cred exceptionally bright by the offi-
GERS and the gloom had also n1teu
from many of the stock holders af-
ter they saw what was being done
at the plant. A complete report was
authorized to be sent out just as soon
as Sec. B. +. Brown gets back on the
job from his present illness.
The company has started on the
manufacture of the articles and is
making daily shipments to the Grand
Rapids concern and is also filling
some orders on its own territory. 1t
still has the following counties in
this state as open territory. Rough
ton, Newaygo, Isabella, Midland, OF
tawa, Huron, Samilac, Shiawassee,
Genessee, Lapeer, st. Clair, Allegan,
Barry, Eaton, Ingham, Livingston,
Oakland, Macomb, Wayne, Saginaw
and Tuscola.
This territory together with the
states of Kentucky, New Jersey,
Virginia, New York and Pennsylva-
MIA are open to good live hustling
representatives and the koncern is
at present making plans to open it
up to the men who will work it.