The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-01-14
LOCAL BANKS
Are OPTIMISTIC
Annual Meetings of Local Bank
ing Institutions Exhibits
Cheerful Sentiment.
NO CHANGES IN OFFICERS
Public Pessimism is Soon to be Dis.
sipated. Rank Highest in North
eastern Montana. First Ma
tiOnal Passes Thirtieth
Milestone.

Inc banks OF tne city OF Glasgow
are entering the new year on a very
sound financial basis, after a fairly
prosperous year of careful operations,
and the stockholders and directors of
the four local institutions view the
next succeeding II months with no
apprehension. But, on the other hand,
with keen expectation that much of
the present drift of pessimism will
have been dissipated, with return of
normal conditions-more especially
psychological : long before summer
has arrived. This spirit was very
plainly revealed at the annual meet
lngs of the four local banks held on
Tuesday Of this week.
With the passing of a year of no
small amount of uncertainty especially
in banking circles, which institutions
are hardest hit in any emergency;
with the passing of the fourth
year of agricultural adversity, when
many business institutions in other
communities are experiencing embar-
rassment, it is pride-worthy realiza-
tion that the city of Glasgow possesses
the best established and soundest
financial institutions in Northern and
Northeastern Montana.
AS a result of the annual meetings
held on Tuesday changes in the direc-
torate were very few, and the officers
of the banking houses were all re-elec-
ted to serve the coming year.
First National Bank
w. H. Taylor was elected director
on the board of the First National
Bank to succeed l.. NJ. Gibson who died
about a month ago. There were no
other changes:
The board as it is now constituted
is composed of James Deegan, John
M. Lewis, R. M. Lewis, w. H. Taylor,
J. w. Wedum and R. NJ. Young.
i The directors met in sessions and re-
elected the officers Of the banking
house as follows: President, John M.
/, Lewis, Vice. president, r. M. Lewis;
cashier, r. M. Young; assistant cash
ier, A. B. Friedlund.
The First National Bank this month
passes the thirtieth milestone Of
it's existence in Vally county, and re-
ports an extremely satisfactory con-
dition. The officers and directors are
very optimistic for 1921.
Glasgow National Bank
There were no changes in the direc-
torate of the Glasgow National Bank.
The board is constituted as follows:
J. E. Arnot, F. P. Sheldon, c. E. Hop
pin and Geo. E. Hurd.
The following officers were re-elect-
ed to serve in their respective capaci-
ties during the year 1921: president,
J. E. Arnot; vice-president, F. P.
Sheldon; cashier, C. E. Hoppin, assis-
tant cashiers, r. H. Comport and
M. C. Jacobson.
The Glasgow National Bank is one
of the oldest in Valley county and
one of the largest capitalized banks
in this part of the state.
The report for 1920 showed very
satisfactorily, and the directors look
forward to exceedingly improved and
prosperous conditions in this part OF
the state with the opening of the
summer months. y
Farmers-StOckgrowers Bank
The board of directors of the Far
mers s-Stockgrowers Bank were re-elec-
ted without change at the adjourned
meeting held yesterday at the bank.
The directorate is as follows: G. r.
Jameson, w. w. Hurd, M. Murray and
E. D. Button. These met at the close Of
the regular annual meeting and re-
elected the officers of the banking
house as follows: president, G. R.
Jameson; vice-president, M. Murray;
cashier, E. D. Button; and assistant
cashier, M. E. Sektnan.
The rmers-Stockgrowers Bank
had very successful year, and ex-
ceptionally satisfactory, conditions
considered. The expression of the
board was one of optimism for 1921.
This was manifest in the expression of
the belief that the opening of the
summer moths would find this part
of Montana as we'll as the entire coun-
try fairly we'll back to normal con-
ditions, with renewed local and state
confidence prevailing.
Milk River Valley Bank
The annual meeting of the Milk
River Valley bank held on Tuesday Of
this week resulted in no changes in
the directorate of the institution. The
officers, too were reelected.
The directorate is as follows: r. r.
Selway, S. c. Small, T. H. Markell,
Geo. E. Birmingham and John Etchart.
The officers reelected are. presi-
dent, R. R. Selway; vice-president, S.
C. Small, vice president, T. H. Markle;
and cashier, Geo. Birmingham.
The outlook for the Milk River
Bank is described as cheerful from ev-
cry viewpoint. The past years report
shows a maintained standard in spite
of general conditions.