Article Text
NO CHANGE MADE IN HEADS OF THESE INSTITUTIONS. All Have Experienced a Very Prosperous Year. Recent Roosevelt Panic Passing Away, and the Outlook Is Promising. The Dawson banks held their annual meetings last week, and elected their directors and officers for the ensuing year. The showings made by all of them as to the business of the past twelve months furnished gratifying proof of the increasing strength and growing solidity of these useful institutions. The combined capital and surplus of the three banks of Dawson, together with the large deposit accounts, which reach more than half a million dollars, evidence a condition of prosperity that is a sure foretoken of returning confidence, and will do much to encourage and stimulate renewed activity in all lines of business. At a meeting of the stockholders of the Dawson National Bank Tuesday morning all of the old directors were re-elected but one, Mr. E. W. Hollingsworth succeeding his fatherin-law, Judge J. M. Griggs, on the board. The directors chosen are: A. J. Carver, R. L. Saville, W. H. Davis, W. C. Paschal, E. W. Hollingsworth, J. A. Horsley, S. R. Christie, J. A. Chambless and W. F. Locke. The old officers were reelected as follows: A. J. Carver, president; S. R. Christie, vice-president; R. L. Saville, cashier. As before stated, the Dawson National declared a semi-annual dividend of 4 per cent. On the same day the stockholders of the City National Bank met and elected the following directors, H. A. Wilkinson being the only new member of the board: J. R. Mercer, A. J. Baldwin, A. M. Raines, W. A. Davidson, M. C. Edwards, H. A. Wilkinson, T. O. Whitchard, K. S. Worthy, W. A. McLain, H. A. Petty and G. W. Dozier. W. A. McLain was re-elected president. A. M. Raines vice-president, and K. S. Worthy cashier. The City National, on January 1, also declared a semiannual dividend of 4 per cent. No change was made in the official management of the First State Bank, whose stockholders and directors met several days earlier. All of the old officers were re-elected as follows: J. M. Bell president, J. R. Mercer vice-president, and L. C. Hill cashier. Directors: J. R. Mercer, B. B. Perry, J. M. Bell, L. C. Hill, H. A. Wilkinson, H. A. Petty and J. E. Morris. This bank declared an annual dividend of 12 per cent. Clearing House Certificates Retired. The associated banks of the city have already retired $40,000 of the clearing house certificates issued a few weeks ago, and all checks are now being paid in currency. The remainder of the issue yet outstanoing, amounting to $5,00t, will be retired as the bills come into the banks in the regular course of business, and will not be reissued. The certificates served a good purpose at the time