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F e d e r a l R e s e r v e Ba n k OF DALLAS Dallas, Texas, November 4, 1955 N O M IN A TIO N A N D ELECTION OF DIRECTORS (By Member Banks in Groups 1 and 3) The member banks in G roup 2 will not participate in this election, and this circular is sent to them without forms for their information only. To the M e m b e r B a n k s in G ro u p s 1 a n d 3 in the Eleventh Federal Reserve District: In accordance with the provisions of Section 4 of the Federal Reserve Act and my circular letter dated September 28, 1955, in regard to the election of directors of this bank to succeed Mr. J. Edd McLaughlin, Class A director, and Mr. J. B. Thomas, Class B director, whose terms will expire December 31, 1955, there are listed in this circular the names of the individuals nominated, together with the names of the banks nominat ing them. Accompanying this circular is a ballot upon which you should record your vote, together with the neces sary envelopes for use in sending your ballot to me. Please follow carefully the instructions which are printed on the ballot and on the envelopes. The vote of your bank may be cast only by an officer whose authorization by the Board of Directors to vote in these elections has been certified to me as indicated on the list in my circular letter of September 28, 1955, or subsequently changed by a certified authorization. If you so desire, you may change your authori zation by the proper action of your Board of Directors, but any such change must be certified to me before the close of the polls. The polls will open on November 7, 1955, and close at 2:00 P.M. on November 22, 1955. Consequently, your ballot must be received here not later than 2:00 P.M., November 22, 1955, at which time the ballot box will be opened in the Board Room of this bank, the votes counted, and the results of the election announced. The nominees are invited to be present or represented on that occasion. Each member bank entitled to vote in this election is urged to do so. Please mark your ballot carefully and send it to me in the enclosed envelopes at your earliest convenience after the opening of the polls. Yours very truly, ROBERT J. SMITH Chairman of the Board This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) IMPORTANT Please read carefully the instructions herein contained a n d the form of preferential ballot enclosed. Unless a ballot of a voting member bank is prepared, authenticated, and cast in strict accordance with said instructions, the election tellers will have no option except to disregard such ballot. The ballot of each member bank must be cast by an officer previously empowered to do so by action of its Board of Directors, certified to me upon forms furnished for the purpose. M y circular letter of September 28, 1955, giving notice of this election, contained a list of member banks in Groups 1 and 3, showing the officers who were then authorized to cast votes in directors' elections. Unless a bank has since changed its authorization, by corporate action duly certified to me, no officer, except as designated on that list, can cast a vote in behalf of his bank. Under the procedure for the election by member banks of Federal Reserve Bank directors, the vote will be by secret ballot, and no one will know the vote of any bank. As there will be no opportunity for any prior inspection of ballots for irregularities, the officer casting the ballot is requested to use special care in its preparation. For your information, there are quoted below extracts from Section 4 of the Federal Reserve Act which set forth the method of balloting and the manner in which the votes are to be counted: “Within fifteen d ays after receipt of the list of candidates the duly authorized officer of a member ban k shall certify to the chairman his first, second, an d other choices for director of class A a n d class B, respectively, upon a preferential ballot upon a form furnished by the chairman of the board of direc tors of the Federal reserve ban k of the district. Each such officer shall m ake a cross opposite the name of the first, second, an d other choices for a director of class A an d for a director of class B, but shall not vote more than one choice for a n y one candidate. No officer or director of a member ban k shall be eligible to serve a s a class A director unless nominated and elected by banks which are members of the sam e group a s the member ban k of which he is an officer or director. “A n y candidate having a majority of all votes cast in the column of first choice shall be declared elected. If no candidate have a majority of all the votes in the first column, then there shall be added together the votes cast by the electors for such candidates in the second column an d the votes cast for the several candidates in the first column. The candidate then h aving a majority of the electors voting an d the highest number of combined votes shall be declared elected. If no candidate have a majority of electors voting an d the highest number of votes when the first a n d second choices shall have been added, then the votes cast in the third column for other choices shall be add e d together in like manner, an d the candidate then having the highest number of votes shall be declared elected. A n immediate report of election shall be declared. * * * * * * * “. . . whenever any two or more member banks, within the sam e Federal reserve district are affiliated with the sam e holding com pany affiliate, participation by such member banks in a n y such nomination or election shall be confined to one of such banks, which m ay be designated for the purpose by such holding com pany affiliate." The member banks in the Eleventh Federal Reserve District are grouped as follows for the purpose of electing Class A and Class B directors of the Federal Reserve Bank of Dallas: Group 1 consists of banks with capital and surplus of $1,200,000 and over; Group 2 consists of banks with capital and surplus of over $200 ,000 and less than $1,200,000; and Group 3 consists of banks with capital and surplus of $ 2 00 ,000 and less. Please forward your ballot so that it will reach this office on or before 2:00 P.M., November 22, 1955. If the ballot is received after that time, it cannot be counted. N O M IN EE FOR CLASS B DIRECTOR J. B. T H O M A S President and General M anager Texas Electric Service Company Fort Worth, Texas Mr. Thomas was born in San Marcos, Texas, in 1891. At an early age he moved to Greenville, Texas, where he attended public school and graduated from the Greenville High School. He attended Texas Agricultural and Mechan ical College, receiving a B.S. Degree in Mechanical Engi neering in 1911 and an M.E. Degree in 1931. In 1912 he went to work for the Texas Power & Light Company in Dallas as draftsman. He served in W orld W a r I in the Coast Artillery and was discharged as C a p tain in 1919. He returned to the Texas Power & Light Com pany, where in 1921 he became Chief Engineer, in which capacity he was active in the construction of electric, gas, ice, and water properties and of substantial parts of the high-tension transmission grid now serving Texas. In 1930, Mr. Thomas moved to Fort Worth as Vice President in Charge of Operations of the newly formed Texas Electric Service Company, where he has been ac tively interested in the development of the resources of West Texas. Mr. Thomas was made President and G en eral M anager of the Company in 1941 and became Vice President and Director of the Texas Utilities Company when it was formed in 1945. Mr. Thomas is a Registered Professional Engineer and was a member of the Texas State Board of Registration for Professional Engineers from 1941 to 1950, serving as Chairman in 1949. He is a member of the American Society of Mechanical Engineers. He became a member of the American Institute of Electrical Engineers in 1928 and a Fellow in 1943 and has served on numerous Institute committees. He is a director of the Edison Electric Institute. Mr. Thomas is active in Fort Worth civic affairs. He is a member of the Fort Worth Club, the Steeplechase Club, River Crest and Colonial Country Clubs, Exchange Club, and Tau Beta Pi; is a director of the United Fund of Fort Worth and Tarrant County, the West Texas Chamber of Commerce, the Fort Worth Stock Show, the YM CA , the Fort Worth Chamber of Commerce, and the National Associ ation of Manufacturers; is a M ason; is one of the trustees of the M ary Couts Burnett Trust; is a trustee of the Texas A. & M. Research Foundation; is Chairman of the G ov ernor’s Committee on W ater Conservation in Texas; and is Vice Chairman of the Texas Research League. Mr. Thomas is an Episcopalian and has served many times as Vestry man and several times as Senior W arden. N om inated b y the Follow in g B a n k s in G roup 1: LO U ISIA N A Monroe.............................. Central Savings Bank and Trust Company TEXAS Austin................................... The American National Bank of Austin Austin.................................................... The Austin National Bank Beaumont......................... The American National Bank of Beaumont Beaumont................................. The First National Bank of Beaumont Dallas............................................... First National Bank in Dallas Dallas...................................... Mercantile National Bank at Dallas Dallas......................................... Republic Notional Bank of Dallas Dallas............................. Texas Bank & Trust Company of Dallas El Paso.......................................... <............ El Paso National Bank El Paso................................. .... The State National Bank of El Paso Fort Worth........................... Continental National Bank of Fort Worth Fort Worth.............................. The First National Bank of Fort Worth Fort Worth................................ ........ The Fort Worth National Bank Houston.......................................................... Citizens State Bank Houston...........................................First National Bank in Houston Houston........................................ Houston Bank & Trust Company Houston........................... The National Bonk of Commerce of Houston Lubbock...........................................First National Bank at Lubbock Midland..............................................The Midland National Bank San Antonio..................... Bexar County National Bank of San Antonio Tyler........................................The Peoples National Bank of Tyler W aco...........................................The First National Bank of Waco Wichita Falls.............................City National Bank in Wichita Falls Wichita Falls.........................The First National Bank of Wichita Falls N O M IN EE FOR CLASS A DIRECTOR j. edd M cLa u g h l i n President Idabel................................................... The Idabel National Bank Madill..... ................................... The First National Bank in Madill Madill................................................... The Madill National Bank Security State Bank & Trust Company Ralls, Texas TEXAS Mr. McLaughlin was born on a farm in Childress County on February 1, 1894, later moving with his parents to Col lingsworth County, then to G ray County, and in 1905 to Crosby County, where he has resided continuously since that date. He was educated in the public schools of Texas, the West Texas State Teachers College in Canyon, and the Brantley-Draughons Business College of Fort Worth. Upon leaving school in 1912, he was placed in ch a rg e o f the private institution “ W . E. M cLau gh lin Banker,” founded by his father in that year and in corporated in 1918. He has served as an officer and di rector of that institution since its organization and is now its President. He is joint proprietor and executive of "The McLaughlins," land holdings and investments, and owns and operates extensive farming and other properties. Alpine..............................................First National Bank in Alpine Anna...........................................The First National Bank of Anna Anson...........................................The First National Bank of Anson Bells..............................................The First National Bank of Bells Brenham.............................. The Farmers National Bank in Brenham Bronte..............................................First National Bank in Bronte Canadian................................ The First National Bank of Canadian Clifton............................................................Farmers State Bank Coleman............................ First Coleman National Bank of Coleman Comanche...................................State National Bank in Comanche Cotulla.................................... Stockmens National Bank in Cotulla Crosbylon................................. Citizens National Bank of Crosbyton Dawson.................................... The First National Bank of Dawson Decatur.................................... The First National Bank in Decatur Dublin.................................................. The Dublin National Bank Eagle Lake.............................. The First National Bank of Eagle Lake Elgin......................................................The Elgin National Bank Franklin.................................... The First National Bank of Franklin Gatesville................................. ......The National Bank of Gatesville Giddings................................... The First National Bank of Giddings Graham............................................... The Graham National Bank Granbury................................The First National Bank of Granbury Hale Center........................... The First National Bank of Hale Center Hamilton............................................ The Hamilton National Bank Hamlin................... The Farmers & Merchants National Bank of Hamlin Haskell..................................................... Haskell National Bank Honey Grove.............................First National Bank in Honey Grove Huntsville......................................First National Bank of Huntsville Kaufman...............The Farmers & Merchants National Bank of Kaufman Kerrville.............................................................. First State Bank Knox City.................................................The Citizens State Bank Lakeview...................................The First National Bank of Lakeview Lorenzo.......................................................... Lorenzo Stale Bank Mart.....................The Farmers and Merchants National Bank of Mart Mart..............................................The First National Bank of Mart Matador......................................... The First State Bank of Matador Mineral Wells..................... The City National Bank of Mineral Wells Moody....................................... The First National Bank of Moody Morton................................................................First State Bank Munday......................................... First National Bank in Munday Quitaque................................. The First National Bank of Quitaque Ralls....................................... Security State Bank & Trust Company Rotan...........................................The First National Bank of Rotan Rusk........................... Farmers and Merchants State Bank, Rusk, Texas Seagraves................................The First National Bank in Seagraves Shamrock.....................Farmers & Merchants State Bank of Shamrock Spearman............................................................First State Bank Spur............................................................ Spur Security Bank Sudan...........................................The First National Bank of Sudan Taft..................................................... The First State Bank of Taft Tomball................................................. Guaranty Bond Slate Bank Wellington.............................. The First National Bank in Wellington Whitesboro.............................. Security National Bank of Whitesboro Whitewright........................ The First National Bank of Whilewright Wills Point.............................. The First National Bank of Wills Point Wolfe City..................... The Wolfe City National Bank in Wolfe City Mr. McLaughlin has served as President of the Cap Rock Bankers Association; President of the South Plains Bankers Association; Chairman of the Seventh District, Treasurer, and member of the Executive Committee of the Texas Bankers Association; President of the Ralls Chamber of Commerce; President of the Ralls Rotary Club; a go v ernor, Chairman of the Investment Committee, member of the Finance Committee, and a director from the United States of Rotary International. He is now serving as Direc tor of the Ralls Chamber of Commerce; a director of the Central Am erican Life Insurance C om pany, Lubbock, Texas; trustee of the First Methodist Church; member of the Executive Council and National Council member from the South Plains Area of the Boy Scouts of America, from which he is recipient of the Silver Beaver award. He is also Chairman of the Crosby County Savings Bond Committee. Nom inated by the Following Banks in Group 3: LO U ISIA N A Delhi...........................................The First National Bank of Delhi N E W M EXIC O Portales...................................... The First Notional Bank of Portales O KLAHO M A Antlers..............................................First National Bank at Antlers Atoka........................................................ The Atoka Stale Bank Colbert...................................... The First National Bank of Colbert
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