The journal. (Caldwell, Ohio) 1934-1961, 1947-01-16
Local Banking
institutions Hold
Annual Meetings
Personnel Change
In Each of Three
Local Institutions

Annual meeting of the First Ma
tional bank, the Farmers & .Mer-
chants bank and the Caldwell Build
ing & Loan, were all connected this
year with a change of personnel eff
fecting each of the three institu-
tions.
Harold w. Morgareidge left the
First National bank to become
cashier of the Farmers & Merchants
bank, Howard Gill resigned from
the Caldwell Building g. Loan to fill
the vacancy created by Morgareidge
and John Groves will take over at
the Building & Loan.
All three institutions report
prosperous year with the financial
standing of the community reflected
in their reports. ..
Over 100 stockholders and friends
attended the annual dinner of the
First National bank held Tuesday
at the American Legion hall.
Judge Elmer T. Phillips, near
Youngstown, circuit Judge of Court
of Appeals delivered fine message
following the dinner. Judge Phillips
is a fluent speaker and well re-
ceived by those who heard him.
Invocation at the dinner was given
by Rev. M. S. Casio, pastor of the
Free Methodist church here.
Address of welcome was made by
A. L. Schafer, president of the bank.
Judge L. B. Frazier made few well
chosen remarks and then introduced
Judge Phillips. The meeting was
brought to a close with talk from
Attorney Lucien c. Young.
All directors were reelected at
the First National bank stockholders
meeting Tuesday morning. They in
cIude: A. L. Shafer, D. L. Harkins,
d. L. Gander, H. F. Cant, A. M. Sc
crest, Byron Schafer and H. F.
Thompson.
They organized by naming A. L.
Shafer, president; Donald Harkins,
cashier; Howard Gill, assistant
cashier; Donna Lee Smith and Thel-
ma Hupp, bookkeeperS.
Farmers e. Merchants Bank
Edward L. Merry was reelected
president of the Farmers & Mer-
chants bank at their annual meet
ing last Wednesday. This represents
his 18th consecutive year, having
taken over in this capacity on the
death of his uncle, William D.
Merry.
At their meeting, the stockholders
named the following directors: E. H.
Bartlett, Homer Johnson, DR.. E. G.
Ditch, Edward L. Merry, r. E.
Merry, H. w. Morgareidge, William
B. Schott, William ]. Schott and
Casper Schott.
Officials named were: Rufus E.
Merry, vice president; H. w. Nor
gareidge, cashier; Paul G. McGlash-
an and L. H. Tarleton, assistant
cashiers; Thelma Rice, teller and
Mary Radcliffe, bookkeeper.
II. w. Morgareidge is the new
cashier, filling the vacancy caused
by the resignation of A. c. Daniels,
one year ago. Since March, 1912, he
has served as assistant cashier for
the First National bank. Prior to
that time he served as deputy aud
itor and was connected with the
Federal Land Bank, Louisville, KY.
At this bank, which reports an
unusually good year, Casper Schott,
Playground street, is the only other
charter director remaining, other
than Mr.. Merry. He is now confined
to his home with illness and is not
active.
Building & Loan
Annual meeting of the directors
of the Caldwell Building g. Loan
was held Monday evening at their
rooms on Main street. They named
Paul NJ. Clark, president; Rile
Groves, vice president; j. S. Harris,
chairman and Howard D. Gill, Sec
retary.
Immediately following his cleo
ton as secretary, Mr.. Gill rendered
his resignation to become effective
February /. At that time, he will
assume his new duties as assistant
cashier at the First National bank to
fill the vacancy created by the re-
signation of H. w. Morgareidge.
John Groves, son of Mr.. and Mrs.
Rile Groves, south of Caldwell, was
then named to succeed Mr.. Gill.
Groves, who held the rank of Major
in the army, has been connected
with the Kroger store since his re-
turn from the service.
Directors of this organization are
Paul NJ Clark, j. w. Drake, E. M.
Farley, Rile Groves, ]. S. Harris,
Charles Morris and w. A. Okey.
Drake, Groves, Harris, Morris
and Okey have long been connected
with this banking institution and
the combined ages make it the old