Jasper County Democrat, Volume 22, Number 36, Rensselaer, Jasper County, 2 August 1919 — ELECT NEW BANK DIRECTORS [ARTICLE]

ELECT NEW BANK DIRECTORS

George A. Williams Is President and J. P. Hammond Cashier. A meeting of stockholders of the new Farmers & Merchants’ .National bank was held Wednesday afternoon in the court room at the court house and the following directors were elected to serve until the first annual meeting next January: George A. Williams. Walter V. Porter, J. P. Hammond, W. L. Bott, Oren Parker, Elza Grow and Isaac Leopold. The directors later to the day met in the temporary quarters secured for the bank in the Hollingsworth building and elected George A. Williams president; Walter V. Porter, vice-president; J. P. Hammond, cashier, and Clifford Payne —now with the First National bank —assistant cashier. An examiner was here from Chicago Tuesday to look into the situation and report to the comptroller of the currency on the proposition of issuing a charter for the proposed new bank. It is said that he recommended to the promoters that the stock be increased to $75,000, instead of $60,000 as determined by the promoters last week, and that this will be done; also, that he stated before leaving that he would recommend that a charter be granted.