Ashland weekly tidings. [volume] (Ashland, Or.) 1919-1924, 1921-01-19

ut hANphAllb VI Aut f'Okh~
holders of the Citizens Bank of ash
land was held at the bank yester.
day afternoon. The cashier submit
ted the usual report covering the
years business which indicated most
satisfactory conditions and showed
that the past year has been by far
the most successful in the history Of
the bank, both as to the volume OF
business handled ana the IA. profit
to the stockholders. The report call
ed attention to the sact that the
tenth anniversary ocurred on the ilth
of last November and gave the fol-
lowing brief resume OF the growth Of
that institution:
1--WE now have decade Of history
to our credit. In the beginning the
success of the enterprise resteO sole
ly upon the integrity and popularity
of the founders OF the institution. and
upon their declared good intentions.
That these were well taken by he
public is demonstrated by the tact
that the bank was a success from the
start. On January 7th, 1911, less
than two months after opening. the
official statement showed deposits of
$50 2,209.13, and December 5th. 1911.
only u little more than Il year after
opening, they had increased to 81 ~
1852 Then the so-called hard
times" came on, and there was CON
siderable shrinkage in total deposits
in this and many other communities.
During this period this bank made
slow but almost continuous growth.
During 1912 and 1919 deposits were
between 800, 100000 and $200. .00O. 90.
most of the time, and during 1871,
1915, and 1916, they were between
. 5000, 10000 and $30O,0O0.00 On the
call of May lst, 1917, we showed
over $500, 100000 for the first time,
and May 10th, 1918, over $500
10000 for the first time Septem-
ber 18th. 1919, we reported deposits
of $5O1,512.4l, which was the first
time we had showed over half a mil
lion, and on May lth, 1920, We re.
ported $626,l20.53, which was the
first time We have shown six hun
dred thousand. The largest figures
we have shown up to date are in the
report Of Noye,9her / l5th. 1920, which
showed deposits of $6G2. 2.995.73, and
total resources of S73S,O91S5,"
The report also referred to the larg =
use which the public is making of
the saftey deposit boxes and COM
mented on the fact as follows:
I 1--WE feel that we are offering =
real service to our patrons in supply.
ing them with convenient, amply pro-
tected deposit boxes at very reason
able fee. Our burglar alarm has
proven to be very satisfactory in that
it provides the best protection avail
able"
1t further quoted from an article
in a recent number of the Journal
Of the American Bankers association
as follows;
'For real protection, first there u
to be a substantial building in which
to house the bank with all the sea-
sonable COmmon-sense structural pro-
tections that any good building
should have. Then there should be
an exceedingly strong protection
guarding the vital units as the ribs
Of the human frame protect the heart
and lungs. To this should be added
the protection that electricity alone
successfully provides"
Comment was made upon the fu-
ture outlook as follows
''ln spite of the tight money con-
dtions in many places, see no cause
for apprehension here. Reports
seem to indicate that liquidation IS
already beginning to ease the strain
on the financial fabric of the coun-
try and some predict that within two
or three months there will be a turn
toward easier money conditions. This
may be somewhat optimistic, but with
the legitimate demand for goods that
is being held in allegiance. and with ,
the increased thrift that has already ,
become manifest, ii seems safe to ,
predict that before many months n
have passed there will be greater
feeling OF safety. Underlying CON
ditions are certainly sound and con 4
duciye to prosperity and confidence" i
The election resulted in the re-elec- -
ton Of all former directors and Off =.
GERS. which ara as follows:
Directors S. Patterson, J. W. Mill :,
Ter. W. + Loomis. c. Il. Lamkin. J. ,
?. Dodge, W VI. Policy and V. o. n. l.
Smith Officers; President, ]. p. i,
Dodge vice president, c. h. Lamkin ;,
asher V. o. n. Smith; assistan; :.
asher F. S Engle; assistant cash