With deposits, for the day, aggregating $283,000.12 as the first day’s business in its new banking home, the Jackson County Bank held open house and entertained its hundreds of friends from 5 to 10 o’clock, Tuesday evening. A number of bankers from Asheville, Canton Marshall and other Western North Carolina points were present, to participate in the celebration of the opening and moving of the bank into its new quarters on its 20th anniversary.
Sandwiches, punch, cake and cigars were served, and each lady was presented a beautiful rose. The prize of $10 in gold, offered for the closest guess on the day’s business, was won by Wayne Higdon, he guessing $256,000 and the deposits being $283,000.12. Mrs. J.C. Hough guessed that there was $76.76 worth of pennies in the big jar, and was awarded $5 in gold, being the nearest estimator. The jar contained $75.99 in one cent pieces.
Music was furnished by the Auditorium Orchestra of Asheville.
All the officers and directors of the bank were present, including the president, Col. Charles J. Harris, who has been its chief officer since it was founded in October 1905. The other officials are: M.D. Cowan, cashier; F.L. McKee, vice-president; H.W. Hoffman and W.R. Enloe, assistant cashiers, and John W. Phelps, bookkeeper. The board of directors consists of Messrs. Charles J. Harris, E.L. McKee, S.W. Enloe, M.D. Cowan, Thomas A. Cox, I.H. Powell and J.W. Keener.
Beginning business in October 1905, with a capital of $12,000, the bank has had a continual and steady growth, keeping step with and being a barometer of the progress of Jackson County, until it has now a capital of $?6,600, a surplus of $12,000 and undivided profits of $10,000, and a handsome banking house that would do credit to any bank in any city in the state.
The first officials were Col. Charles J. Harris, president; Coleman C. Cowan, vice-president; M. Buchanan, cashier; Thomas A. Cox, secretary to the board; and a board of directors consisting of Col. Harris, O.B. Coward, Judge D.D. Davies, E.L. Mckee, Coleman C. Cowan, Thomas A. Cox, and M. Buchanan.
The first depositor in the bank, in its new home, Tuesday morning, was Dr. Charles Z. Candler.
From the front page of the Jackson County Journal, Sylva, N.C., Oct. 21, 1925
newspapers.digitalnc.org/lccn/sn91068765/1925-10-21/ed-1/seq-1/
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