156
COLUMBIA AND MONTOUR COUNTIES
Bank Act passed by Congress Feb. 25, 1863, and to give Berwick banking facilities which it had lacked up to that time.- A fte r the pre liminaries had been complied with, the articles o f association were drawn and signed tw the following gentlemen: M. W. Jackson, P . M. Traugh. Jesse Bowman, M . M. Cooper, Fran cis Evans. F . Niccley. S. B . Bowman, A. M il ler, V. H . Woodin, M. E . Jackson, William Lamon, H. Lamon. T he request of the association to enter the National Banking System by virtue of the charter w as granted by the comptroller of the currency under the title of the pirst National Bank o f Berwick, P a., No. 568, Sept. 2 1,18 6 4 , for a term o f twenty years. T he first meeting of the stockholders was held Sept. 2 1, 1864, and organized by elect ing Jesse Bowman president of the meeting, and A . M iller, secretary. T h e stockholders at this meeting elected the following gentle men to serve as directors: M. W. Jackson, Jesse Bowman, P . M . T raugh, A . Miller, W. H . Woodin, Francis Evans, S . B . Bowman. T he board o f directors elected by the stock holders held their first meeting the same day (Sept. 2 1 . 1864) and organized by the election o f M . W . ackson to the office of president and M. E . Jackson to the office o f cashier. T lic bank commenced business with a capi tal stock o f $50,000, which w as later increased to $75,000, at which figure it has remained. A t the first annual meeting of the stock holders, w’hich was held in the banking rooms, the first board o f directors and officers were reelected. A t this time the bank showed the following condition: Resources U . S. B o n d s ......................................................$50,000.00 R evenue Stamp* ........................................ 150.00
T rcM u ry N ote* .........................................
5 i00iM »
D ue fro m Banks .......................................... Loan s and lavesiin en ts................................. Ca*h and R eserve ........................................
41.61 12,891.00 43.747-25
D e a o s iis
this meeting S. C. Jay n e w as elected cashier, which position he still holds. M r. Jay n e has the distinction o f serving as cashier o f a na tional bank fo r a greater length o f time than probably any other cashier in the State of Pennsylvania. On .May I2, i8 (^, John W. Evans was elected teller, resigning Nov. 30. 1875. to take effect Ja n . i. 1870. .At the annual meeting held in January, 1876, M. W. Jackson was elected president; S . C. Jayn e, cashier; and B . F . Crispin, teller. T lic death o f M. E . Jackson, attorney fo r the bank and a m enil^r of the board, was offi cially announced. On M ay 3. 1880, B . F . Crispin w as unani mously elected a director to fill a vacancy on the board caused by the death o f Clarence G . Jackson, who died M ay 3 . 1880; and on March 25. 18 8 1, F . R . Jackson w as elected a director to fill a v a c a n ^ which then existed on the board, while S . < . Jayn e w as elected 3 to the board Ja n . 8, 1884. E xten o fj ) C orpobatf. E x is t e n c e .— A t a rrau lar meeting of the board held M ay 27, IW4, on motion it was resolved to extend the corporate existence of the association fo r twenty years, or until 1904. T h e articles o f association at this time were signed by Ihe following stockholders: M . W . Jackson. S . B . Bow'man, C. B . Jackson, Francis Evans. F . K. Jackson, B. F . Cri.spin, S . C . Jayn e, Anne Y . Glenn. M ary B . Glenn, Freas Fow ler. E u dora W. Hanley, Elizabeth F . Woodin, J . W . Bowman. A t this meeting of the stockholders. B en ja min Evans w as elected a director and served as such during the balance o f his life. At the annual meeting of the stockholders held in Jan uary, 1885, the following state ment was presented to the stockholders, show ing the condition at the close o f business Ja n . 3.
2 I-447-J6
Roourccft U. S . Bun<J$............................................... $ liiiAtOOS U . S. TrcaiiUf>‘ .......................................... i..150*00 Liabilities Furniture and Fixtures.............................. 1 .500M Capital .................................................................. $ 50,000.00 Due from Banks........................................ 5.9 5 2 .2 1 Circulation ..................................................... 40.000.00 Loans anti Investments..............................!5®>7®9 S® I> »e t o B a n k s ...................................................... 382S6 Cash and Reserve....................................... )8/>24.53 .........................................................
$ iii, 829j9> Liabilities A t the annual meeting of the bank held Capital ....................................................... % 75.0 0000 Jan . o. 1866. M. K. Jackson resigned as cash Surplus ...................................................... 40/JOQ0 0 ier. llis resignation w as accepted with regret Ctrcuhtion ................................................. 27.orvxno t-919-59 by the board. At this meeting M. W. Jackson Tndivided P r o fit s ...................................... Due lo was reelected president and Mr. B . R . D avis D crosirsBanks.................................................. C ..................................................... 09.151I 7 2 was elected cashier. M r. D avis served as
- 2 57,6 6 24 0
cashier of the bank until Ja n . 12, 1869. At
