Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1924-12-21
DEPOSITS near
Is MILLION IN
FOURCOUNT1ES
Two Institutions Had
Resources Of Less
Than Half-M Million 20
Years Ago
Positive proof.

AIi0C 40 VIi0I lllC Oollh q
ments of the Rio Grande Valley
offer anyone who is skeptical
of a progress unprecedented
a progress that is here to stay
that is founded on homes,
FARMS, and still growing bust
ness, and not on a boom.
In 1904. the Valley had two banks
with total deposits of $2l6,932 and total
resources amounting to S3O9,276.
In 1928 the Valley had 2S banks, with
total deposits Of $l3,179,43S.9 90, and re-
sources of SIS, 724,94
In October of this year the Valley
had rs banks, with total deposits of
Sl4 ,454, 084.15, and total of
$I7.463,l20.57.
From DUNE 80 of this year to Oc-
tober 10. the time Of the last bank call,
Valley banks showed a considerable in
crease in deposits and resources, the
total deposits on June 80 being $12,195,-
1880, and the total resources S15,-
492,654.85 |.
This increase is attributed by all
bankers to the fact that the Valley is
getting on a firmer foundation than it
has ever been before; that farmers are
paying out their homes and begin to
Sseaize something from their invest
ment; that business concerns are taking
in more :han they have put into i'm
proyements; that the amount taken in
is sufficient to pay for the costs Of de-
velopment and to leave a surplus.
Brownsville Banks
The First National Bank of Browns
vile showed resources of 81 20,659.77
in October as against 81 ,683,921.72 in
June, while the deposits of the bank
increased from 81. 278,642.85 to 1885,
424.69. Officers of the bank are r. B.
Creager, president; A. Wayne Wood,
vice president; G. C. Wagner. cashier;
Zoe Celaya Jr., assistant cashie-. Mem
.bers of. the Board Of Directors are r. B.
Creager, F. w. Seabury, A. Wayne
Wood and G.. c. Wagner
An increase from $2,l45,535.24 to 81
49,, 933.24 in deposits. with an increase
in resources of So 97 $685. to $685.
COS 90 in total resources was shown by
the. Merchants National Bank of
DEOWnSNIllC OohC w ONbOpSi ~
Officers of this bank are J. G. Fernan-
.lez, chairman of the board; John Gregg,
president: NJ. Fernandez, vice-presi-
dent; Z. j.. Tucker, cashier; r. f. Wag-
ner, assistant cashier. Directors are
A. Cueto Jr., J.. G. Fernandez, John
Gregg, Ike T. Pryor, f. j. Tucker and
W. G. whitman.
The State National Bank Of Browns
VILE on June 80 Shove deposits Of
$SG9, 58l.2 g and resources of S1,133,-
O65.7l, and on October 10 the bank had
1891 ,657.33 in deposits and $l.16O,4So.49
in resources Officers of the bank are
j. G.. Fernandez, chairman of the board;
J. %B. Scott, president; A. Ashheim ac-
tive vice president; A. H. Fernandez,
cashier; Ralph Schmeling, assistant
cashier. The directors are j. G.. Fer
nander, J.. B. Scott, A. Ashheim, A, H.
hernandez and A. Cueto, Jr-
Others in County
A-eonsiderable increase in both de-
posits- and resources was shown by the
San. Benito Bank & Trust Co. from June
~ to October 10. The deposits IN
creased from $540,820.9S to $635,O56.6o
.and4,the resources from S64O,4l0.06 to
S733 ,a46.6l., Officers and directors OF
the bank are E. H. Downs, president;
NJ. +. Benson vice president; James i.
Buck eashier; A. NJ. Bowie, assistant
cashier; Joe G.. Ballenger, Dr.. +. NJ.
Cash and W. p. Drake, directors.
The Farmers State Guaranty Bank OF
San Benito showed deposits of S5O4,-
SSO.5c and resources of $6S8,519.9l II
June. and deposits of $708, 354,1S and re
sources of $SO9, O26.52 in October. OF
ficers and directors of this bank are
Jobn<T. Lomax, president; Z. L. Ogden
yiee.president; George W. Ralston,
1rshier: J.. w. Hafner assistant cashier;
snd.B. A. Epstein, w. o. Williams, Z. l..
Woods. T.. Z. Ogden, directors.
Resources of the Cameron County
Rank Of La Feria in October were $685.
1886. and total deposits were s462.-
S53. 90. 3. H. Dunlap is cashier OF the
bank Officers of the bank are .. T.
McAdams, president; B. n. Dunlap vice
uersident and cashier; D. W. SigieF' as
sistant cashier.
A large increase in resources and de-
nosits both was shown by the FIRST
S,.fe Rank of Rio Hondo. The bank
-hnwed resources of SS3,413.6S and de-
ros;ts OF s73Al3.6S in June, and IN
creased to S16.743.12 in resources ana
sn5.o55.24 in deposits in October. "
Ulcers of the bank are: n. b. Maynard
=, resident. Neil Macdonald, wee pfesi-
dent; C.. A. Goode, cashier.
( Valley. State Bank at Harrington
"a denosits of $377. 164.71 on june 49,
ana s~yssourees Of $4a5. 7oe.ss on that