The Birmingham age-herald., 1921-01-12
B|RMINGHAM BANKS ANNUAL MEETINGS
Show Great Increase In Business and Good
 Prospects


 Annual meetings of the stockholders and directors of the banks of Birming- ham yesterday brought about no changes other than W. H. Manly, cashier of the Birmingham Trust, be- ing added to the board of directors. George W. Corners was elected mem Der of the finance committee of the American Trust.
 Without exception, the banks re- ported good year and prospects of another good one.
 Clearings> of the bank members of the Birmingham clearing house reached within a fraction of s1,000, ooo,o0o during the year. an increase of nearly 40 per cent over 1919, with the same banks participating, and no change in the method of computing clearings.
 k The increase is credited in financial circles directly to the genertl growth or the community and to the high speed of industry during the first 10 months of the year.
 During the year 10 additional banks became members of the Birmingham branch of the federal reserve bank, and that institution became a sub treasury of the United States. Capital stock and surplus of it's member banks increased s600,000 and currency han dled per month increased $1,500,000. Daily average of transactions in- creased 1500 per day and volume of these items increased $1,500,000 per day.
 The following banks held their an- nual meetings yesterday: First Ma t1onal American Trust, Birmingham Trust and Traders National. The Bank of Ensley will hold its annual meet ing this week; the Bank of Alabama on Wednesday,, and the North Birming ham Trust and Savings company February l.
 A new bank has been organized and awaits only the customary formality of state banking department author ity and other necessary details to open at Tarrant City. The stock of $25,000 was more than subscribed within a short time after the plan was made known to the people of Tarrant City and others. Robert Wharton, cashier or the North Birmingham Trust, Is to be president of the Tarrant City bank.
 Not long since. authoritative state-, ment was made of the growth of sav-' ings accounts in the state banks of Alabama. The figures showed that savings in 1917 were $13,000,000, in 1919 they were s2S,0O0,o0 and in the fall of 1920 they were s29,O00.o0
 Two Christmas savings clubs dis pensed s220. 900 during the Christmas holidays to the members. This was an
 increase of nearly 100 per cent over 1919, and the new Christmas savings clubs just started have been going at 9 rate of 50 per cent ahead of 1920.
 Officers and directors reelected yes- terday were:
 First National Bank--Directors, E. F. Moore. Robert Jemison E. NJ Tut wiler, Erskine Ramsay, W. H. Has, singer. William M. Walker John L.. Kaul M. V. Joseph, Dr. George M. Morrow, ". M. Cosby, Robert Jemison. Jr., P. c. Shook, Zach L. Nabers. E. L. Brown, Crawford Johnson, J. Frank Rushton, Oscar Wells, A. Fl. Wood ward, Murray Brown, T. J. Kidd F. IT. rCabaniss and Donald Conner. Officers of the bank are Oscar Wells president; J. K Fleming. vice president; Thomas Brown, vice president; K. w. Berry, vice president; k. s, Foster cashier; w. D. Robertson, assistant cashier Paul Angell, assistant cashier: Lang ston McCalley, assistant cashier, and J. A. Holcomb, auditor.
 Birmingham Trust and Savings Com pany-Directors, Arthur W. Smith, president; Tom o. Smith, vice presi- dent; Thomas H. Benners, Lee c. Bradley, John M. Caldwell, Dan B. Dimick. Samuel l.. Earle, William l. Grubb Walter E. Henley, Fred M Jackson, Frank H. Lathrop, Robert & Munger, Merrill P, Northington, Henry J. Porter, Robert A. Terrell and w. II. Manly (new member.) Officers of the bank are Arthur w. Smith, presdent Tom o. Smith. vice president; w. H. Manly, cashier; Benson Cain, assistant cashier; c. D. Cotton, assistant cashier; E. w. Finch, assistant cashier; Maclin F. Smith, trust officer
 Traders National Bank-Directors Frank Nelson, Jr., Sibley P. King, Richard w. Massey Sterling J. Foster, A. Leo Oberdorfer,s William F. Redd, E. l.. Turner and John H. Frye. The officers of the bank are John H. Frye. president; John G. Farley vice. presi- IT,