The Delta independent., 1923-09-07
BANK CONSOLIDATION ANOTHER
INSTANCE PRESENT DAY POLICY


Bank and the Colorado State Bank Of
present-day business policy Of the con-
solidation OF like institutions. Where
ever II is found that the same or bet
ter service can be given. that expense
Of operation can be materially reduced
and that the reduction in overhead
cost will result in better or more regu-
lar returns to owners or stockholders.
then 1t is considered sound business
policy to seek or suggest consolida-
ton.
In allowing the names and identi-
ties and personalities OF these banks
to be mingled and lost. there viii be
rood deal OF regret and the feeling OF
personal loss to many whose early
and measer beginnings and efforts.
and later successes have been possible
only by the friendship and assistance
of this or that bank
The Delta National Bank was re-
oreanixation and enlargement OF the
old Farmers 4 Merchants Bank. tax
ing place In 1907. The first officers
being: Gordon Jones. president: b.
p. Smith, Vice president. H. H. VOL
hert. cashier; II. w. Chilcs. assistant
cashier. Among the directors who
have served In the past are the follow
inx: Gordon Jones tof Denver). l.
" sveitxer, N. R. Welch. B. p. Smith.
n. wolbert, Fred N. Dickerson. J..
J. Travis, George Stephan. r. G.
Hutehison. l. C. Hall. W. E. Obert. H.
=. Perkins, A. N. Mathews and A. ID.
Fairbanks. During the sixteen years
since orEanisation the officers served
a follows: Gordon Jones. president.
aeven years; L. W. SweitIer. presi-
0ent. nine years: B. P. Smith. vice
nreaident. six years: H. J. Coerver.
yiee president, ten years: H. H. Woi-t
hert cashier or assistant cashier,
eleven years; H. W. Chiles. cashier or
assistant cashier, thirteen years: A.
n. Mathews, cashier. three years. n.
e. Raber, assistant cashier. two years.
Very much of the best in the history
ana growth Of the city OF Delta ana
yerv much OF the present comfort and
prosper,ty of its citizens. is closely
identified with the human interest,"
and the public spirit OF these oiiicers
and directors, and the nnanc'a,
strength and aid OF the Delta Nanonai
Bank.
Dea,b and business interests have
IN the mast and will continue to take
cav from these banks. some OF those
~ho have been identified with their
history and success. but the communi-
tv iii remember the men even though
~. r.me Of the banks may be chang
ed or lost.
Tho colorado State Bank was organ
,,ed IN March 1909. by John Forrest
ceo w. Bruce and Warren Holtzciaw'
~ vero the first officers. The capa-
tai being $4,000. .,. .,,I
Early In 1910 a reorganiAauoh ." oo
plnce and the capital increased 10 @"''
600 The board OF directors oeihs:
I NJ Conklin. Millard Fairiamo. S.v ,
q Copklin. A. c. Remington. A. =. NH
ior w r. Johnson. Geo. w. Bruce
Ana ofucers: I. NJ. Conklin, presl-
DENT. A. p. Miller. vice president -
w Joffors. cashier; G. f. Parker as
.,.,ant cashier. Other men VINO nave
served also as directors being j. r.
Co,,un " A. Smith. G. E. Blaine H.
9 Kclso. l.. Il. Wigram. M. springer
c. f. Parker. q, ,ooa no.
The officers on August a. 1870,
ing Melvin Springer. president n a. -
smith, vice president. and u T.
Parker, cashier. ~. ,,s.
During the fourteen years OF Its MS
tory, the Colorado State Bank, mas
been active in the financial affairs Oh
the community. and 1t has been ior'
tunate In having officers and direc'ors
energetic alike in their work for ,' tne
bank AZ we'll as for city and county
That some Of these men Will DC cireS-
tors IN the newly organized oank
|, promises we'll for its success.