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Ann Arbor City Bank

Ann Arbor City Bank image
Parent Issue
Public Domain
OCR Text

The preliminar? arrangemeats have : been completed for the sstaWishmeot . in our city nader tho nütioniil banking law reoently eaaoted by Congreso, of a ; banking institution whiot we think will desorvo aud receivo the confidenoe of the business cominunity and public generally of our county and State. The authonzod capital of the asaoeiation 9 $200,000, of vvhicli tha eiun of 75,000 has already been subncribed and paid in, and the whola will ba forthcoming when the bank has boen in operation long enough to make it profitubk to use the full cupita!. The hsues of the bank will be íieoarea by a deposit at Washington of Goveniment sloukj! nnci thtj Government will be responHible íor their rodemption. Th3 will give it streugth abroad, and make its bilis good throughout the country. At home the names of both the officers and stockholdars will be a sufficiont güarantee of itssoundness. They are capitalista and lenders, not borrowers : President - Volnev Oiiapix. Vice President - EauxEZKit Wells. Directors - Volnuy Chapin, E. Wells, C. II. Milieu, P. Bach, Jas Clements, R. S. 8mith, I). Henning, Wm. ! Greery, Iliram Atnold. It ia designed to go into operation as soon as the Government cun furnish the circulating notes.


Old News
Michigan Argus