A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912 Page: 104
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104 A THUM-NAIL 'HIvroIY OF
The officers are: OQ L. Cochran, president; R.
E. Painej vice president; P. B. Timpson, vice president;
W. S. Patton, secretary and treasurer; 0. R.
Weyrich, assistant secretary.
The Southern Trust Company was organized in
1909 and began business in January, 1910. Its capital
stock was $500,000, but this was almost immediately
increased to $800,000. The success of this
company has been phenomenal. It is only a little
over two years old and yet it has earned over half a
million dollars and has paid large dividends since
its organization. Following is the statement of this
company at the close of business April 18, 1912:
Capital stock paid in ..............$ 800,000.00
Surplus fund .................... 400,000.00
Undivided profits, net ......... 168,278.21
Trust funds ..................... 6,466.10
Reserved for taxes, 1912 .......... 4,500.00
Bills payable and re-discounts ...... 140,000.00
Certificates of deposit ............ 177,800.00
Accounts payable .........2...... 2,488.28
The officers of the Southern Trust Company
are: James L. Autry, president; Travis Holland,
vice president; J. W. Powers, Jr., secretary; Beverly
W. Ward, assistant secretary; Ernest Carroll,
The Texas Trust Company was organized in
1909 with a capital stock of $500,000. It at once
established for itself a reputation for soundness
and conservatism, which made at once towards its
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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/m1/118/: accessed October 24, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .