This institution has a paid-up capital
of $25,000, on which regular dividends
of 10 per cent are declared each year,
and yet a surplus of $35,000 has accu
mulated, which makes the Bank of New
port the second among the state banks
of Arkansas and the 174th among the
7,000 of the country in the proportion of
its surplus to its capital stock, as shown
in the “roll of honor banks,” as pub
lished by the Financier.
The Bank of Newport leads those of
Jackson County with an average deposit
of $250,000 and has a large clientage
among the farmers of this and surround
ing counties, paying special attention to
this class of business. Yet it has ever
given strong support to the public enter
prises of our city and numbers among
its directorate many of the most con
servative and well-to-do people of our
county. Its personnel is: G. W. Decker,
A. D. Bailey, R. M. Johnson, T. J. Gra
ham, J. M. Stayton, E. P. Shoffner, J.
M. Jones, J. T. Henderson and T. S.
Stephens.
Banking institutions are the barom
eters of a country’s financial condition
and their prosperity here may be ac
cepted as a correct gauge of the devel
oping wealth of our section and people.
♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦
| FIRST NATIONAL BANK I
♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦
The First National Bank embraces
among its directors and stockholders
many wealthy and prominent citizens of
this city and county and is regarded as
one of the most conservative and solvent
•banking institutions of the state. Its
president is J. D, Goldman, president of
the Lesser-Goldman Cotton Company,
of St. Louis, and a millionaire capital
ist of that city, who began his business
career in Jacksonport, the old county
seat of this county. The cashier, Mr.
W. A. Billingsley, is recognized as an
official of fine business capability and the
finances of the bank have been conducted
to the eminent satisfaction of its stock
holders. The other officers are: W. A.
Joyce, vice-president; F. A. Jones and
W. T. Parish, assistant cashiers, who,
with the exception of the last named, are
directors of the bank, together with T.
J. Graham, T. J. Gregg, J. W. Ferrell,
W. A. Joyce, J. O. Taylor, Sigmund
Wolff and J. S. Harvey.
The First National does a very profit
able as well as enormous business during
the cotton season in the handling of the
South’s great staple for a number of
leading factors on this market
The following statement of the bank’s
condition at the close of business, March
14, 1905, as made to the comptroller of
the currency, affords a good idea of the
business of this bank:
RESOURCES.
Loans .$145,439.12
United States Bonds. 50,000.00
Banking House . 6,000.00
Currency & Coin.$ 12,902.55
Due from U. S.
Treasury . 2,500.00
Due from Nation
al Banks. 113,154.60
Due from Other
Banks . 1,906.58
- 130,46373
$331,902.85
[5^BSB&S5S5S55S
1— Gustave Jones.
2— Claude M. Erwin.
LIABILITIES.
Capital Stock, paid in.$ 50,000.00
Surplus and Undivided Profits 23,405.12
National Bank Notes. 50,000.00
Deposits . 208,464.41
Due Banks. 33-32
$331,902.85
t JONES, JEFFERY & JONES t
♦ LAWYERS J
Mr. Gustave Jones was born and
raised in Jackson County. He grad
uated from the Arkansas State Univer
sity in 1882 and was admitted to the bar
to practice law in 1886. He is admitted
to practice in all the courts, including
the Supreme Court of Appeals. He be
came associated in the practice of law
with his father, William R. Jones (who
was for 53 years a member of the Jack
son County bar), in 1888. Mr. W. R.
Jones was a partner with Franklin &
Doswell and assisted those gentlemen in
Interior First National Bank of Newport.
Prominent Members of Newport Bar.
3— R. E. Jeffery.
4— S. M. Stuckey.
laying out and selecting a name for the
town of Newport, this being done in
1873. Mr. Jones was a partner with his
father until his father’s death, the 6th
of last June. He is now associated with
Hon. R. E. Jeffery, who is also a native
of Arkansas, and served his county cred
itably one term as a member of the
State Legislature. Mr. James T. Mar
tin, court stenographer, is Mr. Jones’
private secretary. Mr. Jeffery is ?,
young man with a logical mind and stu
dious nature, who is prominently men
tioned for the prosecuting attorneyship
of this district.
♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦A
t PHILLIPS & ERWIN Z
£ ATTORNEYS AT LAW J
The members of this firm are Judge
Joseph W. Phillips and Claud M. Er
win. Judge Phillips came to Arkansas
from Mississippi 34 years ago and has
been actively engaged in the practice of
law ever since. He was county and pro
bate judge for Tackson County from
1878 to t> 86. is now serving his
second teun rice as state railroad
commissioner. He has at different times
served the city of Newport as special
attorney.
Mr. Claude M. Erwin is a graduate of
the St. Louis Law School, class of 1903.
He was admitted to the practice of law
the same year and in the early part of
1905 formed a partnership with Judge
Phillips. Mr. Erwin is a man of pleas
ing address, fine ability and with a
bright future, who will no doubt be a
strong candidate in the next campaign
for prosecuting attorney.
This firm has a very large practice and
is prepared to handle cases in all of the
courts. Their office is in the J. M. Jones
building, on Front street.
♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦*
♦ STUCKEY & STUCKEY |
♦ LAWYERS ♦
▲▲▲▲▲▲▲▲▲▲AAAAAAAAAAAAAAAA
▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼▼
The members of this firm are Mr. S.
M. Stuckey and Mr. M. M. Stuckey.
Both of these gentlemen are natives of
Illinois. Mr. M. M. Stuckey came to
Arkansas in 1880 and was admitted to
practice law in 1881. He was county
and probate judge of this county for
5— M. M. Stuckey.
6— J. W. Phillips, Chairman
Arkansas Railroad Commission.
three terms, from 1886 to 1892. Under
his administration the present court
house and the bridge across the lake
were built. Mr. S. M. Stuckey came to
Arkansas in 1892 and was admitted to
practice law the same year. - He is the
present city attorney for Newport. He
is a stockholder in the First National
Bank, Bank of Newport, Bank of Tuck
erman and the Newport Land Company.
This firm has been admitted to prac
tice in all of the courts. They are the
attorneys for the First National Bank
of Newport and in connection with their
law business have a complete set of ab
stract books of all land in Jackson Coun
ty. The Messrs. Stuckey are among
the leading attorneys of this district and
figure prominently in many of the large
and important cases brought in this sec
tion, and are influential in political
circles.
The members of this firm are Joseph
M. and John W. Stayton. Both of these
gentlemen were born and raised in Ar
kansas. Joseph M. is a of the
law department of Vanderbilt Univc.
sity, class of ’85. He was admitted to
practice law the same year. He was for
two terms prosecuting attorney for this
judicial district and served this county
one term in the State Legislature. Mr.
John W. is a graduate of the law depart
ment of Columbia University, class of
1901. He was admitted to practice law
during the same year. This firm enjoys
a large and lucrative practice, extending
over this entire judicial district, and
also have had many important cases be
fore the Federal and State Supreme
Courts.
♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦♦
OUNTY ♦
►♦♦♦♦♦♦♦
Mr. Simmons is a native of Florida.
He came to Arkansas in 1870. He served
his county one term as surveyor and
then made the race for sheriff. He is
now serving his first term. Mr. Sim
mons’ family have been popular in poli
tics for many years, as his father was