Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-01-18
BANKING OUTLOOK GOOD,
BOARD CHAIRMAN SAYS
John Shelton Williams De.
clarcs City Has Reached
Place of Great Importance.
AGAIN HEADS RICHMOND TRUST
Old Officers and Directors nf Nir-
Einin Trust Compnn! Also Re
elected nj Annual McrtInE-I;rp"rt
Read Show Excellent lcBr.

After declaring that Richmond had
reached u degree Of prominence and
Importance in commercial and in
dustrial activities which II never en-
joycd before. John shelton Williams.
chairman Of the board OF the Rich
mond Trust Company. concluded his
report at the annual meeting OF the
stockholders yesterday with the
statement that the possibilities now
for new BUSINESS aud the outlook for
the growth and devclo pmeut ar we'll
managed banking institutions were
greater than at any time IN the his
tory or IN" city.
Increase I'm deposits uf loo per cent
and thr-e-fOld increase in the MIN
her Of dcposltnrs WAS brought out in
Mr.. Williams report Stockholders
reelected MI Williams chairman OF
the board, T.. l.. Eomiss president:
!. II. CrumD. Q. j. Anderson. ana L.
T.. w Goodwin. vice presidcnts:
Deane Maury, trust officer: r. j.
Williugham secretary. and y H..
Vincent. assistant treasurer. Tween
ty-fve members OF tho hoard OF di-
rec;ors were re elected for the pres
ent year
The old officers and directors OF
the Virginia Trust COMPANY We're
also re-elocted al the annual meet
ing in the banking house, SCI East
Main street Both SECRETARY Lewis
y. ,Ayiett OF the Virginia Trust. and
Secretary Il. J. Wiilincham Jr.. OF
t.c Richmond Trust. reported sue
cessful years for their Institutions.
Deposits Increase Greatly.
In his reror; 10 the Richmond
Trust Company stockholders, Mr..
Williams said. in part:
DESPITE the sh-inkace which had
been sustained throughout tho ""u'l-
try hy business interests of all kinds
company in essential matters n
volume Of deposits aud number OF
depositors showed tho greatest
growth and progress Of amy wear
since the companys organization in
lale." Deposits increased Sl.oaS. i65,
or approximately 100 per cent
The chairman. in concluding III"
report, said:
The city OF Richmond has reached
n degree of prominence" aud impor-
lance. commercially ana industriaily,
which IL never enjoyed before and
the possibilities now for new business
and the outlook FOR the growth ana
development Of well managed bank
ing institutions believe to he greater
than at any time in the history Of
the city"
The old directors and officers OF
the Virginia Trus, Company elected
were:
Z. &. Addison. ". Meade Addison
John W Boyd. Jonathan Bryan
Spencer l.. Carter. j. Elwood Cox. W
s. Forbes. Charles ". Horne. Hcrbcr,
w. jackson. !. j Montague. l.. T.
Morris, John l.. Patterson. Morton Il.
Rosenbaum, Walker Scott. Fritz SIT
terdinE. JaQueliT J.. TAYLOR. Gordon
Wallace, i. g. Williams. Jr., John
l., Wmgo. Coleman Workman.
Herbert W. jackson. president: T.
{. Williams. v,ccpEesid.nt: Walker
Scott. Vicc-president: L. T.. Morris
Vice president; T. &. Gordon. trust
o:fcer; Ernest NJ. Long. associate
trust officer; Lewis II. Aylctt. sccrc-
tarN; John II. Souihall, treasurer: l..
Il. Watt, assistant secretary: W. Il.
Jerman, assistant treasurer: Charles
watkins manager. bond department.
III" stockholders were very much
Erat!tied with tho reports Of III. ON
Gers which showed that during IN.
year S2nu,opO mad been Transferred
from undivided profits Ia tn" surplus
account. making that account now
stand si,ooo.no". AL OF which has bcen
earned; they also showed that m.
deposit .: the company had Increased
over Si,o00,ooo sine. the comnony
moved into it's new hous. ON N,y ri
OF laSt year. with encouraging uros
poets Tor increasing business