One of our substantial institutions greatly appreciated in these difficult days is the New Enterprise bank. For all the years prior to 1912, our people had to do their banking business by mail, and occasionally make long trips to see their bankers. Certainly this bank will not become a large institution, but it serves our people well and is a great convenience. Undoubtedly, too, it has a wholesome effect on our people who are here in school and cannot help but be impressed with the value of a bank account. It is indeed in itself a valuable object lesson for all who pass by.
Its board of directors is made up of leading citizens, C. O. Brumbaugh being president and J. H. Snowberger, vice president. Its competent cashier is E. W. Van Horn, and his capable assistant is J. Blaine Eishelman.
Mr. Van Horn has trained a number of young men who have gone out to become cashiers in other banks. That they are succeeding is proof of the fact that Mr. Van Horn has succeeded in the important work of helping these young men to qualify themselves for the responsible positions to which they have been called.
The capital stock is $25,000; the surplus earned is $25,000; undivided profits, $7,908; real estate, $2,500; bank building, $1,000.
I believe these figures show a healthy financial condition and will inspire confidence in our people for their own bank.
(Source: adapted from information in Historical Sketches of Morrisons Cove, 1933, Mirror Press, pp. 157, 159.)
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