Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-19
RICHMOND BANKS
AND INDUSTRY PAY
MILLIONS TO PUBLIC
Financial Institutions All
Declare Substantial Divi-
dends on Operations.
UNIVERSAL TOBACCO co.
DISBURSES 100000
War Stamp Holders Here Will
Receive s2,OOO,0OO on
January ].
coon BUSINESS YEAR ENDS
CITY nnd stnte on Solid Financial
FootinE ns Old Year Draws
To Close.
'iiy nhd Stnte Solid Financial
Footing ns Old Year Draws
To Close.

Dividends amounting TO appro1i-
h!a,ciy 100000 are being distrib-
uted thls month By twelve banks
and one tobacco corporation In Rich
mond. some OF the bank dividends
ar" semiannual and some quartcrly.
Mniie no Universal Leaf Tobacco
'nmpany's 3i.io0,9O0 is for the whole
year.
The American National Bank viii
meet next Thursday to declare ~.
scn!anHWal dividend and the PLANT
'rs' National VIII meet nest week for
The same purpose.
Dividends Declared.
Tho banks tina, hav. declared
dividends and ,h. amounts to be
distributed by ea"h. follows:
Federal Reserve Bank. declared
tho usual per cent dividend
amounting TO 3lGS.0oo.
Savings Bank OF Richmond. per
cen, quarterly. totaI Tor year ,s2 600
Mechanlcs and Merchants Rank.
per cen; scmianuual. aud extra
per cnt, In December. ;ota! for tn.
year. $4,000,
IVES; End Bank. regular : ner
cent sem!annua!. and nor con-,
q Extra IN December. total FOR year.
$1,000
state and City Bank aud Trus,
'"npany declared per cent. quar-
t''ly for FIRST Iwo quarters and in
pct"bcr went TO the oi-o nor cen,
ta>Is, Meeting viii b. hold Wcdncs-
"'N' AMOUNT for the year viii ap-
rioAimatc $4,000.
First National Dividend.
First National Bank declared 2
per cent quarterly dividend. amount
Ing 10 ,s0.ooo.
h" Rtchmond Trus; Company do
cI"red qusrt"rly dividend o, liz
p'r cent amounting 10 $1,000.
tn" Federal Trust Company Dc.
dared scmiannunl dividend OF oi.
r"r cent, amounting 10 5000.
tgt'"rsai Leaf Tobacco company.
HiN.d"ndS FOR year. sl.4Go. 600.
Merchants National Bank dIrcc.
tors aud stocllhoidcrs wiil ncc, nov,
wecR 10 vo,, on lncrc. sing ,hn rans
!'al stock from $4,000 TO 81 400 0oo
The present surplus is $500 600
'h" dividend will also hc acted nm,
rex, week
Gentral National Rank declared :
Ter cen; semiannuai dividend and
'NiFa per cent. :or total OF S25.
GEO
The Eroad stree, Bank declared
dividend OF per cent. for five
months. amounting TO $4,000. This
hank had been declaring it's semi
annual dividend on January al or
each year, bur recently changed 10
the calendar year ana declared tho
dividend for nvc months on Decem-
bcr 6.
Pays si5.oOO to Shareholders.
Union Bank OF Richmond declared
quarterly dividend OF per cent.
amounting TO $4,000.
The Bank OF Commerce and Trusts
declared quarterly dividend of per
cent. amounting to $1,000
The broadway National Banlt>tre-
Jared semiannual dividend Of 3 De-,
cent. amounting to $4,000.
The South Richmond Bank de-
cla'ed scmiannual dividend of 3
per cent.
The amount OF dividends declared
by the Virginia Trust Company was
not obtainable last night.
There Will also he available. ,o
Richmondars on January /. moro
Than S?,0O0.000 from war savings
stamps. issued In 1918. and which
reach maturity and become due thar
day large percentage OF these
stamps are In the hands of school
children. Holders Of these stamps
can turn in their stamps at the post
Office. Receipts viii be issued and
checks VIII be mailed by January