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JIM: More history on the Bank of Columbia, early officers

Bank was organized in 1866 under a special act of the Kentucky Legislature
Related: 17th President of Bank of Columbia joins list of great leaders

By JIM

A two-column front page article headlined simply "The Bank of Columbia," appeared in the June 19, 1923 edition of the Adair County News. In light of the question posed earlier today (July 6, 2107) on ColumbiaMagazine.com, perhaps a few of the paragraphs will be of interest.

(The article, although unsigned, likely originated with Judge Herschel Clay Baker):


"The Bank of Columbia was organized in 1866 under a special act of the Kentucky Legislature, which was the legal mode for organization of corporations in those days.

"Its first president was Hon. T.T. Alexander, who served during all the time till the year, 1873. On this date Hon. Clayton Miller was elected president and served till the time of his death on December 28, 1874.

"From this date W.H. Walker served as chairman of the Board of Directors till 27 February 1875, at which time Hon. Josiah Hunter was elected president and served till February 26, 1880, when he resigned and Hon. H.C. Baker was elected president and served several years, when he resigned and Hon. James Garnett was elected president and served til his death, January [25], 1905. . .W.W. Jones was elected president in 1905 to succeed Hon. James Garnett. . ."

(When William H. Walker passed in early 1906, his two-month stint as Chariman of the Board drew no mention in the lengthy obituary published in the News. Clayton Miller is perhaps best remembered for the mighty prayer he heaved heavenward at Zion Church the mighty prayer he heaved heavenward at Zion Church.)

The article goes on to list the names of the bank's first Board of Directors, to-wit: Thos. H. Frazer, T.T. Alexander, Sinclair Wheat, Josiah Hunter, and Geo. W. Dohoney.

Named as the early cashiers were R.A.C. Martin, the first, infamously murdered in the course of discharge of his duties, followed by Jas. T. Page, Geo. Bryan, Jo Coffey, and John Flowers, the latter accepting the position in 1906.

The writer devoted a great deal of the article to the 1872 robbery and some small space to the attempted bank burglary of early 1921 and the loss of the bank building to fire in September 1921.

In closing, the author remarked,

"This Bank has passed through the up and down of inflation and resumption, prosperity and panic [recession], war and peace, but it has weathered all the storms and has set its sails always to go forward and it has aided or joined in every impulse for the uplift and betterment of the people of Adair county."


This story was posted on 2017-07-06 12:29:38
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