BANKS AND BANKING. J73 



market value, some sales having been made as low as five dollars per 

 share. In 1845, an Act of Assembly repealed the real estate security 

 clause, still however, holding stockholders liable, bui exactintr „o 

 security. ° 



It was organized as a National Bank January otli, 1^65, with a capital 

 of $300,000, all paid in. John Landis (farmer) was the jfirst President, who 

 served until his death, when he was succeeded by Christian B. Ilurr, the 

 present President. The first Cashier was Robert D. Carson, who served 

 until his death, when he was succeeded by William L. Peiper, the present 

 Cashier. The present Board of Directors is as follows: Christian B. 

 Herr, President, Emanuel Swope, Benj. B. Ilerr, John McCartnev, Abra- 

 ham Howry, Henry B. Resh, Adam Lefever, Jacob Bachman, Levi G. 

 Getz, George G. Brush, David Landis, (miller,) Abraham Buchwalter, 

 Benjamin Long, jr. 



The First National Bank of Lancaster, was organized and commenced 

 business in May, 1864. It is a Government Depository. Pmu/e/j/— John 

 Gyger. Cashier — Horace Rathvon. Directors — Henry Baumgardner, C. 

 B. Grubb, T. Scott Woods, A. Herr Smith, Peter S. Reist, John 11. Moore, 

 A. S. Bard, David G. Swartz. 



The First National Bank of Marietta, was organized May 11th, 1863, 

 and commenced business July 2d, of same year. It was the First Na- 

 tional Bank in the County. It is a Government Depository, and has 

 the largest surplus relative to its capital of any Bank in the County. Its 

 officers are: President — Abraham Collins. Vice President — Benj. F. 

 Hiestand. Cashier — Amos Bowman. Directors — A. Collins, Benj. F. 

 Hiestand, B. Spaugler, A. H. Musselman, John Hollinger, Paris Ilalde- 

 man, John Musser, S. F. Eagle, Henry Hiestand. 



Columbia National Bank: An Act of Assembly was approved March 

 28th, 1809, entitled "An Act authorizing the Governor of this Common- 

 wealth to incorporate a company for the purpose of making and erecting 

 a bridge over the Susquehanna river in the County of Lancaster, at or 

 near the town of Columbia." The Act gives the following incorpora- 

 tors: Stephen Girard, William Samson, James Vanuuem, John Perot, 

 Henry Pratt, Thomas McEwen, Martin Dubbs, and Joseph L. Lewis, of 

 Philadelphia; John Hubley, Abraham Witmer, Casper Shafner, Jr., 

 Jacob Strickler, James Wright and Samuel Miller, of the county of Lan- 

 caster, and William Barber, John Stewart and Godfrey Leuhart, of the 

 county of York. 



The capital was to be $400,000, in shares of $100 each. The State of 

 Pennsylvania subscribed and paid for 900 shares, or $90,000. The bal- 

 ance of $310,000 was to be raised by individual subscription. The 

 Company organized by electing William Wright, President; W. P. 

 Beatty, Treasurer, and twelve other directors. 



