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William* 1. New Director t T. V. Williams was namsd ■ to the hoard of directors, with the
I following directors re-elected; John A. Keyser, James W. Fletcher, C. E. Johnson, Jr., E. M. Jones, A. C. Latham, W. H. Massie, Jr., D. D. Miller, and Robert W. Miller. Robert W. Miller was named president and Wade H. Massie, r., ▼ice-president.
As a token of appreciation, the board of directors presented Mrs. Bruce a gift, p large silver bowl, l appropriately engraved._._
A 7% dividend was declared for the year. Shares represented t by those present at the meeting were 145, with 179 by proxy, giving a total of 394 of 500. | Mrs. Bbwee. Makes Report
Mrs. B. F. Bruce, in giving the 1 report of the progress of the bank I for the year ending December 1950, told of nearly a half-century 1 of steady growth. A published
I statement of the bank in 1904 was I exhibited, showing total resources at that time to be less than f 100,000, and the statement of the present time showed total resources in excess of f1,200,000.
The Rappahannock National Bank was organized in 1902, prior to that date being a part of the - Farmers A Merchants Bank of Culpeper. The first president was H. M. Dudley and the first cashier was C. R. Wood.
There have been five presidents: H. M. Dudley, A, W. Dearing, B. J, Wood, W. G. Wood, and the present Robert. W. Miller.
Rodes Brown, Jr., is the eighth cashier. They are: C. R. Wood, 1904-1915; L. H. Dudley, 19151918; <5. L. Bradford, 1913-1920; H. G. Brown, 1920-1925; D. D. Miller, 1925-1947; J. L. Wirtz, 1947-1949; Mrs. B. F. Bruce, 1949-1951; and J. Rodes Brown, Jr., 1951P. W. Andersen I* Guest Speaker
A speaking visitor was P. W. Anderson of Marshall. He was given a warm welcome, which bore evidence that the Rappahannock people think as much of him as be claims to think of them. He prefaced a fine talk with happy reminiscences of his first job in Washington as assistant to C. R, Wood in the Rappahannock National Bank. He expressed appreciation for the fine training and teaching he had received while a youngster at the bank. He stated his indebtedness for the kindly advice and training given him, naming Mr. Wade H. Massie and Mr. Ed Jones, as two of the many, and C. R. Wood, whom he said had taught him to be a banker “in
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