Newspapers / Rockingham Post-Dispatch (Rockingham, N.C.) / May 13, 1926, edition 1 / Page 3
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Thursday May 23, 1928 Rockingham Post-PPatch. Richmbnd County, N. C. PAGE THREE HBEFSITS ';. A.- 5 V k - ' . - DIRECTORS: W. L. PARSONS -WILLIAM ENT'ISTLK FRANK W. LEAK HENRY C. WALL SAM S. STEELE i J. LeGRAND EVERETT D. A. PARSONS OFFICERS: W. L. PARSONS, President 1VM. ENTWISTLE, Vice President Pi. C. PARSONS, Cashier E. H. AYCOCK, Asst. Cashier RUSSELL FORD, . Teller J. II . HAYWOOD, Bookkeeper Mrs. Lucy Nichols Smith and Miss Katie Hicks, Asst. Bookkeepers. Mrs. Eleanor Haywood Vick, Stenographer. 35TH ANNIVERSARY BANK OF PEE DEE (Continued from front-page) Steele and Walter L. Parsons. Mr. Parsons had married in Rockingham in 1882, V daughter of Col.Leak, had gone to the Legislature from An- 44-,348.7 (NouOriofte payable) jCondensed Statement of the condition of BHK of bee bee Rockingham, N. C. at close of business, APRIL 1 2th, 1926. RESOURCES: s ; Loans & Discounts 1. Overdrafts u. N. C. Bonds U. S.-Bonds Other Stocks & Bonds Banking house Other Real Estate 1. Cash on hand, and due from Banks LIABILITIES: $853,798.76 205.04 25,000.00 75,843.75 2,000.00 10,000.00 45,340.00 296,554.05 Capital Stock -Surplus Fund Undivided Profits Dividends Unpaid Deposits $100,000.00 . 100,000.00 64,297.82 95.00 $1,308,741.60 $1,044,348.78 $1,308,741.60 At the close of business Dec. 31, 1925 not quite four months ago -the total deposits amounted -a gain of $285,942.29! Now in to $758,406.49. Deposits April 12th were $1,044,348.78 the Million and a quarter class and growing! m mm ea mm t aLLI ' I Lwrl HsbWI AND A AT THE to on SATO MUSE .- . . . ;. :t . - .''".: sale at mmim Colored People RDAY, May IStE BY HRASS Desirable4otsr-50x to oyn your own buildirigp lot at your own price. Free dinneij given away, a Brass Band will be served to all: A free lot will be ind enjoy this big sale. Music by a feature. TERMS OF SALE: 0 One-fourth for cash. One-fourth in 8 months: 1-4 in 16 mos. 1-4 in 24 months. McLaum & Boone i V. J. McLAURIN W. L. BOONE between the time , the bank was being does not appear in this list; 'she died ! formed, -and the time . (Feb... 189) when the shares were pro ratea. . ' " ' ' t !' v Original Stockholders:' Shares 'Amount ' Cole, Kate E. - 22$550 Covington, J. M. 1G 400 Covington, W. .T. ' 5, 150 Davis, Pollr .- 4---- 100 Dockery, H. Q. A vv 13 dUU directors elected Hill Parsons and E7 H. Aycock as assistant cashiers, but a short time later Hill Parsons be came the official cashier and he and Mr. Aycock are today the. cashier and assistant cashier, respectively, of the institution.- : Capt. Everett died Feb. 17, 1911, and was succeeded as a director by his son, W. N. Everett, the present 3ecretary'of State (but who resigned after taking the State office) ; V the Vice Prpsidencv vacancy, was filled Uockery,anny . j-u--- , h election of W. C. Leak, x and IJun ap, Jonn aMr. Leak's death Mr. Willam En- . Kfmictla mnc IPPTfn - my a - - v ii i i " x. t - Entwistle." Wm Everett, W. I. 20 500 Guthrie, T. C. ,.12 300 TInr-ipr. Jno. F. 221 550 T,p?ik.Thos. C. 120 3000 Leak, J. P. Leak, J. V. Leak, Paul A. Leak, W. C. Ledbettcr, II- S. . Little, Susan B. Parsons, W. Ij. .-- Scales., W. L. Stansill. Jno. M. Stansill, Eliza Steele, Col. W. L. ' Steele, Robt. L. Sto4 le. Thos. W. ROBT4. L.- STEELE. SR. (died Dec, 15, 1895)1?" Steele, V, L. . o Steele. H. ' P. 4 Steele, Fanny Vice President. And so it is seen that during the en tire 35 years that the bank has been in operation-, there has been but two Presidents,1 two Cashiers, and three Vice Presidents quite an eji viable record for continuity and faithfulness to public trust. The original value oi eacn snare of stock was placed at $25, back in 1891 when the bank was organized, but in- January, 1910, a stock divi dend was declared, and the capital increased to $50;000 -(half of. this increase was sold to the stockholders at par, the. other half coming out of the surplus.) Just ten years later, in January, '1920, still another in- J I V onnital .t.ftfV.-;. 150 .crease was maue,ni "i"""' ZW(i -, nft this time being increased to $100,- A 100 00- , :- iUV.!- -r.i.: nit in n'l flip minutes of I M K 1112; all xi i- 24 600 12 300 23.-1 575 1 G 400 12 ; 300 i 23T 575 24 1 600 8 200 12x300 4 100 32 800 481200 120-1 3000 s f f 1 i i r...-.. f I -n I i f i in -j--.... ...tii--.'. " ' iK,-wt ;. An organizer Bank of Per Dee ' - ' -7 , sonjeounty in 1887, and up to 189i had : been practicing lawv iri Wades boro, Ms native town, for ten yea'rs. Early in 1891 he "came-to " Rocking ham in - the interest of ' forming this new bank. He and Col. Steele car ried the charter papers to Raleigh, and the Legislature formally ra"ti- ned the Act on March 13, 1891. Some opposition developeS, notably upon the part of the late Judge R. B. Peebles,, to the clause granting 'om en and minors the right to a checking account, but it was passed as written. Coming back to Rockingham, with the charter, the, next few weeks were consumed inperfecting the organiza tion. On March 25, 1891, a meeting was held in Rockingham, and a long list of stockholders were accounted for in fact" the stockholders had subscribed for $35,000 worth of stock, whereas the charter, only call ed for $257000 capital. This dilem na was later ironed out. On April 7, 1891, the stockholders met and elected by hallot the follow- i The directors thereupon (in January, ing Board of Directors: W. L. Steele, j 1906) elected Mr. Parsons as Presi- "Wall. H. C . Jr. lli: 12 300 Wall, Annie '12 300 Wall, .Mial 12 u 300 Warburton.Geo. 1211 300 . ' ' '". ,-" :v , '." ..'! ' .: . .r:-r, ' .Uninterrupted Prosperity: During the ' 3G years the bank has operated, not a single year has passed without a substantial dividend. . The bank - started in business in L 1891 in what was 1 the, old Richmond Hotel building, about where the Central office now stands. Af ter the .Rich mond Hotel burned, the bank erected a wooden building over: the vault, which- had been . undamaged by the fire. (This wooden building was later moved to North Hancock street, and in it was printed along in 1915 the old Piedmont Dispatch.) On Jan. 1, 1904, the directors or dered that a bank building of its own be built, this- on the corner of Wash ington and Hancock streets; and early in 1905 the handsome iwo story brick , building was completed. Mr. Leak served as President until Dec. 27r 1906, when he resigned. Robt. L.' Steele, W. I. Everett, T. C. Leak, H. C. Dockery, W. T. Coving ton and H. S. Ledbetter; a few days later Mr. Covington resigned, and H. C. Wall was elected in his place. The Directors thereupon (April '7th) elected Col. T. C. Leak, Sr., as Pre sident at a salary of $400 a year, and W..L. Parsons as cashier at a salary of $1,200. The cashier was required to give a bond of $25,000 (equal to the capital stock) , arid this was sign ed by his friends. (T. C Leak, W; I.' Everett, H. CI Wall and W. L. Steele.) The Park Bank of New York was chosen by the Directors for their New York. correspondent. w , On Jan. 6, 1892, the Directors elected W. L. Parsons as Director to succeed Cpl- W. L. Steele; who had died a short time previously. At a meeting Feb. 10, 1892, the stockholders Voted to pro j.rate the $25,000 capital stock among those who had subscribed fo $35,000, and this was done, with the' . .following therefore being the official original stockholders, and the amounts of their shares of stock. It is of in terest to note that of their large num ber, only nine are now living. , Incorporators: ' One. of the original stockholders was Mrs. A. C. Leak, but her name dent, and Capt. W. I. Everett as vice mi 2r? sk A , fit all these years, form an interesting history off the ups and downs of the business life ? of -this section; and from an humble beginning back in the days when banks were few and far between', the institution has grown and expanded until, like the other five banks of the town of Rocking ham, it is indispensible to the busi ness lif e : of the community. And the officers and directors view' with pride the fact that its last . bank statement, as filed with the Corpora tion Commission as ; of April 12, 1926. show total deposits of over a million dollars, and resources of well aro'und ja. million and a quarter. -I. S. L. WALTER L. PARSONS (picture taken several years ago) An organizer of Bank of Pee Dee and active officer-since .establishment ' in 1891. president (up until that time the bank had no vice president.) The Pale Children Made over to your Jiking, -with rosy cheeks, hearty appetites vigorous digestion, and robust health. Give them a glass of this delicious diestant with meals. , - ShivarAle Pure Digestive Aromatics. With Shivar Mineral Water &. Gjnger Nothing-like it for building rich' blood and solid flesh. At all grocers and druggists satisfaction) or your money back on first dozen. 1 ' - If vour retail"-- -' n. can- VI J I wpytfcfayu teVeption Mcliai) Grocery Co. Wholesale Uistributors 4 SIDE DRESS WITH NITRATE of SODA For Quick and Sure Results Use Only NITRATE OF SODA j You Can't Afford to Lose Your - - ' Season's IVork'by Experimenting With, a lare Spring and many weevils expected, a Nitrate of Soda side dressing of ICO to 200 pounds . ' per acre is absolutely necessary to set squares before " drouth or eevils can hurt them.' A Nitrate of Soda - side dressing insures yields and increases profits. ' QUICK : T he effective a side-dresser must be quick acting. " Official results in this country and abroad show con , v clusively. that only in Nitrate of Soda is the plant food - ' 100 available immediately it is applied. It leaves no acid residue. " - SURE I. Henry Greene, Horton's Grove, Herford County, N.C, ' used Nitrate of Soda as a side-dresser. His County . Agent, Mr. C, A. Rose, writes : "On the acre where he used the Soda, he pro- - duced 184 pounds more seed cotton than - where he used no Soda.' v County Agent Anderson reports that on the farm of B. W. Weeks, Holly Springs, N. C100 pounds of Nitrate of Soda applied June 10 increased the yield of seed cotton - 24S pounds. An additional 100 pounds applied July 15 made a total increase of 704 poimds of cotton. Years of actual results show . Nitrate of Soda the best side-dresser Ask your county agent or send a postal card with your address to our nearest office for -ur free bulletins whidi hav- helped . thousands of fanners to grow biggir and more profitable crops. ; Chilean Nitrate of . Soda educational bureau Dr. William S. Myers, Director ' 1118 Hurt BIdff., Atlanta; Ga. v 27 Madison Arenue, Naw York lad- teir (livr trouble) "OCCASIONALLY I ' am trou bled with spells of consti pation and inactive liver," says Mrs. John Li Pence, Broadway, Va. .. "I always use Thedford's Black-Draught when I feel a spell of this kind coming on, for it saves me a bad headache. My color, gets sallow at times.' I get real yellow, showing that the tro uble "comes from the" liver. ; "I have found Black-Draught fo be the finest kind of -a remedy for this. I take Black-Draught and make a tea out of itnd take it, along in small doses for sever al days. I have never found' any thing that served me so well. . "Since I have - known about Black-Draught, I have not suffer- , ed nearly so much with head ache, caused from indigestion. If! I find my tongue is coated, and I wake tip with a bad taste in my mouth, I know Ihave been eating indiscreetly, and I imme diately resort to Black-Draucrht f to straighten me out." ' C. O. BRISTOW, M. D. PHYSICIAN AND SURGEON Office over Hicks and Maneii . Barber Shop Residence on LeGrand Streets . Office hours:. 8:30 to 10:3O J m., V 2 to 4 p. m. . Office phone 288. 1 Res. phone 252 Rockingham, ' N. C. NFLOWER)5 FOR ANY OCCASION Corsages : Fotted Plants Funeral Designs 4 Hillside, Florist Phone 50 ,,Bockingham, N. C.
Rockingham Post-Dispatch (Rockingham, N.C.)
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May 13, 1926, edition 1
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