COLUM BIA AND M ONTOUR COUNTIES
157
son of the late B . F . C rispin, and a grandson of M . W . Jackson. T h u s it w ill be seen that three generations of the sam e fam ily have serv'cd as president of the institution. It might be well to note that during the fifty years the F irst N ational Bank o f B erw ick has been open fo r business it has passed through periods o f panics and depression u n sc a th ^ . T h e deposits have increased consistently and rem arkably, indicating the confidence mani fested by the public. A glance at the state 1903On A u g. 3, 190 3, M essrs. H . P . F ield, C . ments incorporated herewith w ill show that G. Crispin and M . Jackso n Crispin were the resources have doubled in each period o f elected members of the board to fill vacancies twenty years. T h is is a record o f which the then existing, and at the sam e meeting F . R . stockholders m ay well be proud. Jackson w as elected president. STATCMEKT MARCH 4, I914 The necessity o f additional help w as felt Resources during the ye ar 1903. ow in g to the increased business of the bank, and the board elected U. S. Bonds ..............................................$ 354x10.00 U. S. T reasu ry.......................................... 1,350.00 W. J . H ehl assistant cashier Oct. $, 1 ^ 3 . Real Estate, F. & F ................................. 35,ooaoo The bank had now been opened fo r busi Other Real Estate.................................... 1.50000 89644 ness fo r alm ost fo rty ye ars, and at a regular Overdrafts ............................................... 5,213.69 meeting of the board held A u g. i, 1904, on Due from Banks........................................ Loans and Bonds...................................... 1.020,41145 motion, an application w as made fo r a new Cash and R eserve..................................... 154435-17 charter, which w as granted by the comp troller, and the corporate existence w as e x $1433.695-55 Liabilities tended fo r a period o f tw enty years from Capital ....................................................... $ 7Sfioojoo 2 1, .1904. Surplus ...................................................... iotVXi&OO The statement presented to the stockhold Circulation ................................................. 35.ooo.oo 32.309.66 ers at the annual meeting held in Janttary, Undivided Profits (net)............................ Unearned Interest.................................... afi.s170.14 1905. w as as fo llo w s; Due to Ranks .......................................... 3.3^).6o DiJosiTS ................................................... 96^» 45-07 Resources M. W . Jack so n, who had served as presi* dent of the bank fo r thirty years, died Ju ly i8, 1894. T h e board at its meeting held Aug. II, 1 8 ^, elected B . F . C rispin, president, and C. B . Jackso n, vice president. M r. Jackson served as vice president until h is death N ov. 5, 1900. and he had been connected with the bank officially as director, attorney and vice president fo r a period o f tw enty years. B . F . Crispin served as president until his death in
U. S. Bonds .......................................................$ as.oooxx> U. S. Treasury ................................................. 1 ,350.00 Furniture and F ix tu r e s .....................................
Doe from Banks................................................
35/XKXOO
353.51
Bonds and In vestm en ts..................................... 4 3 1,5 3 1.13 Cash and R e s e rv e ................................................
$ 55^ 471.07
. . . .
Liabilities
Capital ..................................................................... $ 75.00000 Sorplos ................................................................... 50^00000
Circniation ...................................................
35.00000 30.283.56 7.597-«8 DtKUiTs ......................................................... 37i.59i J 3 Undivided Profits ........................................... Doe to Bank# .....................................................
. $ 55947«-97 P. R . Jackso n, president of the bank, died June 22, t ^, a fte r a service o f twenty-seven r a r s as director and six years as president, ^ e board at a meeting held J u ly 2 2, 1909. elected as president M . Jackso n C rispin, and Messrs. Francis E v a n s and C . G- Crispin as vice presidents, M r. E v an s it might be noted being the only living director of the original board. .At this meeting F . E . B ro ck w ay w as elected director to fill a vacancy on the board. T hree
G e s e k a t io n s
P b e s i d e . t s . — .M. n
Jackson Crispin, the present president, is a
$1,333,695-55 T h e bank began to pay dividends Ju d e 1. 1865, and has continued to pay dividends with r ^ i la r i t y . T h e F irst N ational Bank o f B erw ick, P a., w as the first bank in Colum bia county to pay interest on time deposits. O n Feb. 2, 1 ^ 3 . the board resolved to pay 3 per ccn^ per an num on time deposits. T h is w as an important factor in stim ulating the savings habit in the com m unity and resulted in greatly increased deposits. T h e success o f (he bank has been due to the fact that it has been conducted along the most consen-ative lines and with one object in view— the mutual benefit of the stockholders and the public. A strong financial institution is the B e n v ic k N ation al B a n k, organized A p ril 3, 1902, with a capital stock o f ^ 0 ,0 0 0 and a surplus o f $12,50 0 . T h e first t ^ c e r s w e re : C . C . E van s, iresident; S . W . D ickson, vice presiden t; B . F rcas. cashier. T h is bank is located in the Dickson building, one h alf of the first floor having been specially constructed fo r it.
