The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1921-01-21
GRENADA TRUST & BANKING
COMPANY OFFICIALS HELD
MEETING ON JANUARY 18TH
Large Dividend Declared on Capital
Stock; H. J. Ray Continues as
Pres. huntington as Cashier.

| 1t was once said of horse OF
certain race track, that "he is not
running fast because his riding is not
hollering and because there is no
| Gust being kicked up," yet he was
| one of the very first to come under
| the wire. In way, the record and
the success Of the Grenada Trust
| and Baking Co., typifies the running
of that race horce. 1t does not make
much ado about things, still il serves
its clientele satisfactorily and well
and has made a most enviable record
for earning dividends for those who
put up the funds to make the insti-
tuition reality and to keep it going.
1t is decidedly'conservative 1t is ad-
mittedly strong. 1t seems to operate
on the idea that its mission alone is
to do a banking business after
thoroughly tested banking rules.
The stockholders held their annual
meeting in the bank on the evening
of January 13, where critical re-
view was had Of the business of the
Bank for the past year. Tie presi
cents report was but rehearsal of
that fidelity and that care with which
he and the efficient cashier have
watched overy days business of the
bank during the past twelve months.
The reports of the two officials
showed that the year 1920 was the
most profitable of al! the eighteen Of
the banks history. A net profit for
the year Of al per ceot on the capital
stock is indeed very exceptional
showing. Twenty-Five per cent of the
r,
stockholders and the remainder car
rled to the already large surplus ac-
count.
The Grenada Trust & Banking
Co., has paid to stockholders since
its organization 226 of their holders
besides carrying to the surplus ac-
count S30,000.00, or $50 per cent Of
the capital stock.
The Banks annual statement show
ed that it owes nc notes for borrow
ed funds nor are ther6 any accounts
o "ed by the bank. In ether words,
it has a clean slate.
The Grenada Trust {, Banking
Co., has been considerate always of
it, patrons and has endeavored 20
make each and al of them its friends
who would continue their accounts
from year to year.
Mr.. II. j. Ray, the president, has
been with the bank since its organi-
zation and is one the County's best
and most upright citizens Who can
be depended upon for the high and
noble thing at all tires. He is level
headed. kind, obliging and unpretent-
ous. Cashier, w. X. huntington,
has been with the bank, first as
,ookkeeper and teller and later as
cashier for about eight years and for
accuracy and thoroughness a1d fideli-
" to duty, he is indeed hard to excel.
He is one of Grenada's many splendid
md worthy young men. 1t would
De hard task to find bank presi-
lent and bank cashier who would
10 better team work for this i:lstitu-
ion than these two men.
Mcssrs. Ray and huntington were
e-elected president and cashier, re-
pectively; Mr.. Cowles Horton was
made vice-president and the follow
ngs board o. directors chosen: W. F.
lartin, Claud Hall, R. H. Stokes, R.
)oak, A Gerard, J. p. Broadstreet,
). S. Dudley, ]. J. Hardy, Cowles
Iorton and Fl. ]. Ray-a personnel
hat guarantees the continued wise
ERECTION of this institution which is
ne of the best managed banks n
ficc;cSinni