The Nome nugget., 1922-09-30
MINERS X MERCHANTS BANK
 UNDERGOES REORGANIZATION

surmises have been rife regarding the future plans of the Miners and Merchants Bank. Nome's only and reliable financial institution. The rumors are now set at rest. Defin- ite and final action has taken place and the institution is now on it's way to offer further financial assist ance in the development of the lat ent resources of Seward Peninsula. meeting of the stockholders of the Miners & Merchants Bank of Nome was held on Sept 25th. A state ment of the resources and liabilities of the bank was submitted to the stockholders and approved by them.
 It developed at the meeting that Mir. w. P. Hammon is now the own- CT of the controlling interest in the bank and that he will assume an active interest in it's welfare and development: enlarging the scope of this financial institution so that it's operations will he conducive to the best interests of the community, so that it will be in a position to handle the larger interests which are to be developed on Seward Peninsula.
 The stockholders elected the fol- lowing officers to serve as Board of Directors: J. J. Hamlyn. 1T. R. Edwards. G. R. Jackson. F. NJ. Aver and A. N Kittilsen. After this selection of directors by the stock holders the Board elected the fol- lowing officers to preside over the affairs of the Bank:
 President. Jno. J. Hamlyn. Vice President. H. R. Edwards; Secre- tary and Cashier, G. R. Jackson: Asst. cashier Fred Bockman; As- saver. A H. Kah.
 With regard to the personnel of the new officers we are pleased to state that all are men of recognized business ability and have success: fully conducted the affairs hereto fore entrusted to them.
 Mir. Jno. J. Hamlyn. the new President, is a man of banking ex- perience. He has been stockhoi- der and director in the well known chain of Rideout Banks in Califor- mia and was later a member of the Advising Board of the Bank of Italy when the Rideout Banks were pur. chased by them.
 Mir. Hamlyn has been closely as sociated with MT W. P, Hammon for the past twenty five years in his dredging and manufacturing enter prises and is now his personal rep- resentative in his banking interests. MT. Hamlyn is not a transient. he intends to make Nome his home and to this end has sent for his family. his wife and son, and after the ar rival of the last Victoria will estab- fish his residence and home.
 MT. H. R. Edwards is the resident Manager of the Hammon Consoli- dated Gold Fields, whose plans for the future development of the Nome gold producing fields are well known.
 Messrs. Aver, Jackson and kittib sen were members of the previous board and were reelected.
 MT. Aver is manager of the Wild Goose Mining & Trading Company which is one of the oldest gold pro- ducing institutions on Seward pen insula. and still is one of the large gold producing institutions in this district.
 Mir. G. R. Jackson has been in active charge of the affairs of the bank for the past two years. Hs was formerly a representative ot the Alaska Banking Board and is a man of recognized ability.
 Dr. A. N. Kittilsen is well known to all Nomeites as a man of integ- rity and ability, one who has been successful in the development of the , gold resources of Seward Peninsula
 The one great question in the minds of the Nome people has been the future policy of the bank Ae' cording to the decision reached by the bank officials this policy has be- come clearly defined. The subject of providing a larger working capi' tai for the bank in order to enable it to enlarge it's sphere of innaenee in the Peninsula was discussed b, the stockholders and it was decided l to ask for voluntary assessment o' l fifty per cent of the Capital stock