A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912 Page: 97
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THE CITY OF HOUSTON, TEXLA 97
O. L. Cochran, president; J. T. Scott, first vice
president; H. R. Eldridge, second vice president;
W. S. Cochran, cashier; W. E. Hertford and F. E.
Russell, assistant cashiers.
It was exactly twenty years after the organization
of the First National Bank before another was
organized. This was the Commercial National
Bank, organized in 1886, with a capital stock of
$500,000. This bank did an immense business and
had large deposits. It was recently merged with
the South Texas National Bank.
The Houston National was the third national
bank organized in Houston. It was chartered in
1889, but in 1609 obtained a new charter under the
name of the Houston National Exchange Bank.
This bank has a most extraordinary record. Its
capital stock is only $200,000, while its surplus and
undivided profits amount to three-fourths of its
capital stock. It has deposits of very nearly four
million dollars. The officers of the Houston National
Exchange Bank are: Joseph F. Meyer,
president; M. M. Graves, vice president; Henry
S. Fox, Jr., active vice president; Joseph W.
Hertford, cashier; F. F. Dearing and W. B. Hilliard,
The South Texas National Bank was the fourth
national bank organized in Houston. It obtained
its charter in 1890. On March 2, 1912, the South
Texas National Bank absorbed the Texas Commercial
National Bank. The new bank thus formed
became the South Texas Commercial National
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Young, Samuel Oliver. A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912, book, 1912; Houston, Texas. (texashistory.unt.edu/ark:/67531/metapth24649/m1/111/: accessed June 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .