The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1922-01-26
SENTIMENT STRONG
FOR NEW BANK.
Stock Practically Assured BY Enthus-
iastic Crowd Last Saturday,
Wind Up Drive Next
Saturday.

Last Saturday was red letter day
for the movement to establish a new
bank in this city to succeed the de-
funct Union State Bank. Over 200
shares of the required $50 shares of
stock were sold at meeting of de-
lpositors of the old institution and citi-
zens, held at the Fraternal Hall Sat
urday afternoon, bringing the total
stock sales up to 400. This was good.
1t helped assure a new bank. 1t was
the tangible asset behind the fine
spirit of unity which was in evidence
at the opening of the meeting and
which grew to enthusiasm ere the
meeting closed. This sentiment hal
taken a lot of work to generate-it
was natural that it should under all
the circumstances the more zeal
GUS workers had grown almost discour-
aged. They had been buffeted about
by doubts and arguments, why's and
wherefores, until there seemed to be
nothing save barren ground on which
tc sow the seed of their logic. The
fruits of their tireless labors came to
flower in last Saturdays meeting.
But, before this chapter-this most
vital chapter-in our community his
tory is closed, there must be subscribed
another hundred shares at least. With
this end in view extra solicitors were
appointed by York Herren, chairman of
the Depositors Committee, and the
work of stock selling is going through
this week. A report of the result will
be made at another meeting of depos-
itors and citizens-open to ALTO be
held in the Fraternal Hall here at two
o clock Saturday afternoon, Jan. 2s.
1t is anticipated by all conversant with
the situation that the matter of stock
will be finally taken care of at this
meeting
After last Saturday 3 session was
sailed to order and Secretary Schnell
lad read the list of stock subscriptions
% date and other preliminary had re-
,eived attention, Chairman Herrcn
oriefly introduced the object of the
gathering as that of putting over the
Iale of sufficient stock to warrant q
of the effort to reopen
he bank. A brief talk or two was
made by members of the committee and
audience and the bidding for stock was
but persistent. At lull
n the program, Capt. Chancey Wallace
,rought the meeting to its climax when
n brief talk he reiterated his allieg-
nee to the community in which he had
rospered and wherein were most of
is true and tried friends by propos-
ng to take $4,000 worth of the stock,
roviding certain practical safeguards,
Ike a loan committee Of three, were
ncluded in the bank Is articles. This
roffer was received with great en-
husiasm, and thenceforward the buy
1g was ivelier and the favorable SEN
iment more pronounced and universal.
Waivers have been secured for
over go per cent of the de-
osits of the old bank, and these are
till coming in without further solici-
alton. The principal work Of the COM
Iittee for some time has been the rais-
lg of the required capital of $4,000
nd $4,000 surplus fund
When the capital stock has been SUBJ
ribbed, a meeting of the subscribers
i'll be called and thereat the matter :
organization will be taken up. This
i'll include the election of board of
irectors, who will in turn choose the
fficials of the bank.
Remember the meeting next Satur-
ny afternoon at 2 o'cock.. Everybody
Iterested in this community's welfare
lould be there, and it will be some
ling big to have been in at the fin
h and a party to this greatest under
king Of any community on the prai-
e since Lewis county was created.
The Ladies Aid of the Community
lurch had an all-day session at the