Newspapers / The Dunn Dispatch (Dunn, … / Oct. 24, 1917, edition 1 / Page 6
Part of The Dunn Dispatch (Dunn, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
...~......iMmimmmimmnnmmimiiiiiHiuiiiimiiiiiuuuuumuiawt % » t Hie FIRST NAHONAL BANK Dunn, North Carolina Tha eaaay that wm tha Ten Dollar Cold Premium offered by the Pint National Beak, of Duan, M, (X, at The Ruie'a Creek Community Pair October 11th. (Written by J. J. Wade, Jr., of Duan. N. C.) THE BICCUT BANK IN THE COUNTY When “The Biggeat Bank of the County” appeared la advertisement ae a subject for aa aaaay to bo written for the Buie's Creek Community Pair, there immediately came into my mind the picture of tha beautiful bunk building that occupies such aa important and conspic uous place on the business pari of East Broad, ia the biggest town of the county. At onto there appeared before my eyes In vision, the clean, up-to-dst* interior of that building, with all its grandear in modern con veniences and luxuries, with its many obliging and courte ous darks, end the very hotness air that they show in serv ing the customers. And, needless, 1 think, to say, I did not have to look down nt the bottom of that adver tisement to find the name of the hank that tha essay was to be written on. It was In my mind before me—every body knows—The Pint National Rank of Duan. The Biggest Bank in the County has had aa intercat UUsm. U_* ... ftcanm »n anma awfoaf wKkt that history in. I shall, therefore, only attempt to touch upon some of the moat important points and facts, from the founding and tho growth, that here led op to mak ing this bonk the truly remarkable institution It la. The bank was founded in 1*04. The capital at that time was shunt fifteen thousand dollars. The dspoaka in that first year amounted to some eight thousand dol lars. The business began with none of the luxuries and conveniences, that now so puts this bank into the rec ognition and valuation of tho pcoplo in Harnett eeunty. The depositors laysd their money under no attractive . . bank fixture ban, but upon an open counter, when it was counted and later put away, not in a wonderful time-lock vault, but in n small safe. The business mat ten were not transacted in any beautiful President’s of fice, bat in the one big room, which served as the only abode for the Pint National of 1»04. In fact, at that time, the Institution was tbe smallest bank fat the county, with a future that looked bright but unknown. A sac '° proT*“ A.nd t*°«*h “ hs* taken time to do it, tml Mi-ricft, And courtoooi treatment, and money, sndlhcrlghtmeo to run the bank, and the demon ctnuon of the fact that the county need. «oeh an InsttuUon for Ita Work, tbe success ha. been made. The handicap. “*• Th« future bee been met. And P.'acedence has been presented . . . and , * 'ir*t National of Dunn holds the name of being the • rownty or*lni**t*on doing banking business in Harnett * delference. The capita] and sodfrided pro SJV", htrK*nu 1ow CBor* thao Mventy-are thousand J'1* honk ha. on its books deposits amounting hundred and fifty thousand dollars. And In eon? O b^“u,Bg‘ *° *• rtock s,,._'^d '*"«■ h»s tho growth of the bank been marked. - --- —-v.an us u U lUt' 0101(101 QU DIXM imrwd. Mid the others passed out. The name It bald of being a governm.ntbank ni liked in the beginning end the people hod faith In it By vouching for every pro ffrexMVe movement that the community has taken up: by servtug all its customers with the some degree of court/ ousneaa and honesty; by making the house a model for 1w;rki“F 11 *« th® utraoet, showing the people Whet It had for thorn; the resources and deposits have steadily augmented, the name has spread, and a banking system with a reputation has resulted 0“ of the men that has contributed so largely to reeking the bank "The Biggest Bank in the County" is its present President. This man came to Dunn a few years ago to take hold of this prospering bank, to hold its premige, and to Increase Ho growth. Personally bo wae unknown to the people of llaraett county. But his 7^*«£°?p®r:sh* *?"• fn>m ■ hanking stock; and It did not take long for the county to build up o universal faith in the banking ability of the new president, Mr. P. 8. Cooper. Mr. Cooper saw the progressive town, the proerem ive county; looked ot the beautiful surroundings- Hewed the interesting people, that had givao to hits this First National Bank for his core. And be liked what he saw He put the name_ faith in our people, that our people had ao put im hun. Furthcremore he sensed great thin,. and vagus pewIbQitiao for tho future, for eueh ■ bonk amid each sur rounding. Ho dotonaiaod to put bit virion Into fact— aad Tho Biggest Beak of the County to tba result. “ • . Since tho ceasing of P. 8. Cooper, inataad of the rather irregular alow hut aura growth of before, the axgaarion of tho bank hat baca an over continuous ana. Mr. Cooper was fortunate to bare for a cashier, a certain young man that has boon rated as one of tha boot banking am of the county. This man Hicks knew how to handle tha part of the bank's interest assigned him, to perfection. With Mr. Cooper and the other splendid assistants in the bunk, be vent bis time and effort toward building op the in stitution, aad establishing the conspicuous reputation that The Pint National now holds. And though tho bask lmd tha misfortune to lose Mr. C. a Hicks not vary long * ago, from its officers, the good teat was loft behind by ♦Vi- promising young gentleman will remain ever appar ent, as It was much to bis planning and efforts, that the present building of grandeur wherein this bank now an rides on East Broad of Dunn, was erected. The erection or the present magmneent noma oi The Kirst Nal>oiu>> occurred only « short while hack, whan the heeda of tho Institution saw that the bank clearly bad outgrown its former surroundings. And these men were careful to see to it, that the new building would be e means folly sufficient to meet the requirement* of The Biggest Bank in the County, end the structure was made as handsome end beautiful, inside and out side, as conditions permitted, and progrcsa warranted. It waa constituted of stone, which made it beautifal; con •trweted with care, which made ft substantial. It was built with four storiea and l. basetnunt—on* of the county's highest buildings. The interior was so mads that the bottom floor could be used for the banking business, with a directors meeting room, and a few private officers juat above. The other floors all were built with offices, with every office as conveniently equipped as possible. An electric elevator was installed with the construction of the building, In order that every office renter might get • the very best of service. (The Pint National believes in service.) The bank itself was handsomely furnished and profusely equipped. Every flxture pat la was of the very highest grade. The floors were built of tile. The great vault was built in the walla The whole thing was made so as to be a credit to Dunn and Ilarnvtt county—and this beak can well boast of having on* of the nicest hack build ings between Richmond, Va, and Charleston, S. C., in which to serve il» people, as The Biggest Bank in the County. Now the First National jg fitted to serve the county Id every local banking need, and in every progressive business movement. By its remarkable equipment, there appears to be nothing larking, and the bank la ooe fitted for every responbibility and every transaction, that It might be called upon for. No local bulk of business eaa bo too groat tor this Institution to hoodie. It is eotiimsed end fitted for wonders. 5*Utl business extends further than **■*- loesdisr *>■*. *“• county. It la u seemlier of the FsdstsI Rissrti Bank of this district, and therefore makes its mission unlimited, associating itself with the greatest ^Jnl'**^*"o’1 rood, therefore, rwuder ^ bT Ul.k b*^, extends farther then Heruett county; goes, makes rteetf known, end proves itself an important factor in the flnancet of the nation. 1 Every assistance possible ia rendered by Tha Biggest Bank of tha County to tha farmers. It baa bulH up a rep. utation of prestige, as being the farmers friend. It loans money, that tha farmer might —the met oat of •vary passing opportunity; and helps them In every other possible way. Ninety per cant of this bank's two thou sand customers are farmers, all of whom recognise it as their bank, which is open to them at all times. By giving it* help this way to tha farmers. The Pint National does a county-wide good, for farming Is tha backbone of all the other forma of basinem, and tha basing of their ane cess, meant an aid to the other county Interests. To my mind, The First National Bank of Dunn is eomt thlng mors than The Biggest Bank In the County. By Its invariable air of good win, its unlimited ares of good eor vice, its ever continuous way of back boning every pro gress; could we not accord it, the BEST bank—the moat wonderful bank—in the county? Condensed Report of Condition at Close of Business October 23, 1917 RESOURCES: LOANS AND DISCOUNTS.. $297,198.95 UNITED STATES AND OTHER BONDS - 91,792.78 LIBERTY -LOAN BONDS. 19,950.00 STOCK IN FEDERAL RESERVE BANK.. 1,800.00 BANKING HOUSE AND FIXTURES_ 48,160.95 CASH AND DUE FROM U. S. TREASURY 273,483.95 TOTAL RESOURCES.. .-$732,386.63 LIABILITIES: CASH CAPITAL PAID IN_$50,000,00 SURPLUS AND UNDIVIDED PROFITS. . 27,030.08 CIRCULATION (MONEY ISSUED). 40,000.00 REDISCOUNTS. 32,966.00 DEPOSITS.-. 582,390.55 TOTAL LIABILITIES.$732,386.63 • i 4 COMPARATIVE STATEMENT OF DEPOSITS October 23, 1915_.$162368.82 October 23, 1916. $319,876.73 October 23, 1917. $582,390.55 Officers: P. S. Cooper, President, W. E. Baldwin, Ass’t Cashier W. B. Cooper, Vice-Pres. S. D. Pittman, Ass't. Cashier J. A. Culbreth, Cashier. Board of Director*: P. S. Cooper, President; J. W. Draughon, Merchant; W. B. Cooper, Cotton Exporter, Wilmington; Dr. C. H. Sex ton, Planter; John A. McKay, Pres. Jno. A. McKay Mfg. Co. , V
The Dunn Dispatch (Dunn, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 24, 1917, edition 1
6
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75