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F ederal reserve Bank O F DALLAS Dallas, Texas, November 7,1947 N O M IN AT IO N A N D E LE C TIO N OF DIRECTORS (B y Member Banks in Groups 2 and 3) The member banks in Group 1 will not participate in this election, and this circular is sent to them without forms for their information only. To the Member Banks o f Groups 2 and 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 30, 1947, in regard to the election of directors of this bank to succeed Mr. J. E. Woods, Class A director, and Mr. W. F. Beall, Class B director, whose terms will expire December 31, 1947, there are listed in this circular the names of the individuals nominated, together with the names of banks nominating them. Accompanying this circular is a ballot upon which you should record your vote, together with the necessary envelopes for use in sending your ballot to me. Please follow carefully the instructions which are printed on the ballot and on the envelopes. Your vote may be cast only by an officer whose authorization by your Board of Directors to vote in these elections has been certified to me as indicated on the list in my circular letter of September 30, 1947, or subsequently changed by a certified authori zation. If you so desire,' you may change your authorization 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 10, 1947, and close at 2:00 p.m. on November 25, 1947. Consequently,.your ballot must be received here not later than 2:00 p.m., Novem ber 25, 1947, 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 envelope at your earliest con venience after the opening of the polls. Yours very truly, J. R. PARTEN 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 and 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. My circular letter of September 30, 1947, giving notice of this election, contained a list of member banks in Groups 2 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 (which procedure is uniform throughout the entire Federal Reserve System), 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 days after receipt of the list of candidates the duly authorized officer of a member bank shall certify to the chairman his first, second, and other choices for director of class A and class B, respectively, upon a preferential ballot upon a form furnished by the chairman of the board of directors of the Federal reserve bank of the district. Each such officer shall make a cross opposite the name of the first, second, and other choices for a director of class A and for a director of class B, but shall not vote more than one choice for any one candidate. No officer or director of a member bank shall be eligible to serve as a class A director unless nominated and elected by banks which are members of the same group as the member bank of which he is an officer or director. *********** “ Any candidate having a majority of ail 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 and the votes cast for the several candidates in the first column. The candidate then having a majority of the electors voting and the highest number of combined votes shall be declared elected. If no candidate have a majority of electors voting and the highest number o f votes when the first and second choices shall have been added, then the votes cast in the third column for other choices shall be added together in like manner, and the candidate then having the highest number of votes shall be declared elected. An immediate report of election shall be declared. *********** “ Whenever any two or more member banks within the same Federal reserve district are affiliated with the same holding company affiliate, participation by such member banks in any such nomination or election shall be confined to one of such banks, which may be designated for the purpose by such holding company 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 having capital and surplus in excess of $499,000; Group 2 consists of banks with capital and surplus not exceeding $499,000 and not less than $100,000; and Group 3 consists of banks having capital and surplus of less than $100,000. Please forward your ballot so that it will reach this office on or before 2 :00 p.m., November 25, 1947. If the ballot is received after that time, it cannot be counted. N O M IN E E S F O R C L A S S A D IR E C T O R J. 0. GILLHAM W. L. PETERSON President, Brownfield State Bank President, State National Bank of Denison Brownfield, Texas Denison, Texas Mr. Gillham was born at Greenville, Hunt County, Texas, on October 7, 1899. He spent his boyhood in Hunt County, moving with his parents to Swisher County, Texas, in 1915. He attended West Texas State Teachers College at Canyon, Texas, and, in 1918, graduated from Tyler Commercial Col lege at Tyler, Texas. Upon graduation, he accepted a posi tion as bookkeeper at the Greenville National Exchange Bank, Greenville, Texas. Later he returned to West Texas serving as cashier of the First State Bank, Happy, Texas, and later as Assistant Cashier of the First National Bank, Canyon, Texas. In the early 1920’s he was associated with the First National Bank of Plainview, Texas, for several years, and in 1926 moved to Pampa, Texas, where he became Assistant Cashier of the First National Bank, which posi tion he held until 1936 when he moved to Brownfield, Texas, and assumed the active management of the Brownfield State Bank of that city. Mr. Peterson was born in Hallettsville, Texas, December 9, 1893, where he was also reared. He began his banking career in 1912 as bookkeeper at the Eagle Lake State Bank of Eagle Lake, Texas. In 1917 he volunteered for military service in World War I, and upon being discharged in 1919 he returned to the Eagle Lake State Bank as Cashier. He resigned the last named position early in 1921 to be come a State Bank Examiner, and later served as Depart mental Examiner when there were over 1,000 State banks in Texas. In 1922 he was made General Liquidating Agent and had supervision of the liquidation of approximetely 80 insolvent State banks. In 1923 he was appointed Deputy Banking Commissioner of Texas, which position he resigned in 1924 to assume the active management of the State Na tional Bank of Denison. Mr. Gillham was elected president of the Brownfield State Bank in 1944. He is also serving as Chairman of the Board of the Levelland State Bank, Levelland, Texas, and as Chairman of the Board of the Lovington National Bank, Lovington, New Mexico. Mr. Peterson is President of the First National Bank, Antlers, Oklahoma; President of the North Texas Loan & Trust Company, Denison, Texas; Director of Waples-Platter Company, a large wholesale grocery concern with head quarters in Fort Worth, Texas. He is President of the Denison School Board and is a member of the President’s Advisory Board of Southern Methodist University. Mr. Gillham has participated actively in the community life of the cities in which he has resided. He has served as vice president of the Lions Club at Pampa; Chairman of the Board of Stewards of the First Methodist Church of Pampa and also Chairman of the Board of Stewards in Brownfield. He is also a past president of the Rotary Club of Brownfield. In 1943-44 Mr. Gillham served as President of the Texas Bankers Association and is also a past presi dent of the South Plains Banker’s Association and of the Panhandle Bankers Association. Throughout World War II he served as District Chairman of the War Finance Committee including Grayson, Fannin and Cooke Counties. He is a past president of the Denison Chamber of Commerce; a past president of the Board of Stewards of Waples-Memorial Methodist Church of Deni son ; a Past Master of Eagle Lake Lodge A. F. & A. M., No. 366. He has served as Chairman of the 5th District, Texas Bankers Association. Nominated by the Following Banks in Group 2: Louisiana Nominated by the Following Banks in Group 2: Minden............... .............. Minden Bank & Trust Company New Mexico Texas Abilene The Farmers & Merchants National Bank of Abilene Brownfield .............................. Brownfield State Bank Canadian ............... The First National Bank of Canadian Eastland ....................................... Eastland National Bank Graham ................ The Graham National Bank Hughes Springs First National Bank Lamesa The First National Bank of Lamesa Levelland ........ The First National Bank of Levelland Levelland......................... ....... .......Levelland State Bank Mount Pleasant The First National Bank in Mount Pleasant Sonora First National Bank Spearman .................. First State Bank Tulia........ ............ The First National Bank of Tulia Vernon ........... The Waggoner National Bank of Vernon Weatherford.............. First National Bank of Weatherford Artesia......................... The First National Bank of Artesia Clovis _____ ____ ____________ The Clovis National Bank Roswell.......................The First National Bank of Roswell Oklahoma Durant......... ..... The Durant National Bank in Durant Durant........................... The First National Bank in Durant Hugo .......................... .......The Citizens State Bank Idabel____ ________________ ______ Idabel National Bank Madill............................. The First National Bank in Madill Madill ........................................ Madill National Bank Texas Albany The First National Bank of Albany Anson______ ___ The First National Bank of Anson Atlanta........ ........................... ..........Atlanta National Bank Ballinger ........... .... .......... First National Bank Bay City ........Bay City Bank & Trust Company Bay C ity........... ................. First National Bank Beaumont.....Security State Bank and Trust Company of Beaumont Belton __ ..... The First National Bank in Belton Bonham ............. The First National Bank of Bonham Borger .............. ................. Panhandle State Bank (Nominations for Mr. Peterson continued on next page) N O M IN E E S F O R C L A S S A D IR E C T O R (Nominations for Mr. Peterson continued) Bowie............................. The First National Bank of Bowie B rady.................The Commercial National Bank of Brady Brenham ______ The Farmers National Bank in Brenham Brenham____ ______ The First National Bank of Brenham Bryan......................................First National Bank of Bryan Clarksville............Red River National Bank in Clarksville Cleburne .......................... City National Bank of Cleburne Corsicana ........................State National Bank of Corsicana. Dawson_____ ___-.... The First National Bank of Dawson Decatur................ .......The First National Bank in Decatur DeLeon.......... ...... Farmers & Merchants National Bank Denton_____ The Denton County National Bank of Denton Dublin_____________ _____ ___ The Dublin National Bank Eagle Lake........... ................................ First National Bank Eagle Pass .........The First National Bank of Eagle Pass El Campo_________ The First National Bank of El Campo Elgin................. Elgin National Bank Gainesville The Gainesville National Bank in Gainesville Gilmer......................... First National Bank Goose Creek... Citizens National Bank & Trust Company of Goose Creek G ran b u ry...............The First National Bank of Granbury Greenville_____ The Citizens National Bank of Greenville Hallettsville............................. First National Bank Hamilton........................................ Hamilton National Bank Harlingen___ _____ The First National Bank of Harlingen Haskell........................... Haskell National Bank Honey Grove.............. First National Bank in Honey Grove Houston_____ _____ __________ Hampton Oaks State Bank Huntsville.............. ....... First National Bank of Huntsville Itasca............. .................................... First National Bank Jacksonville.......... The First National Bank of Jacksonville Kaufman_______ Farmers & Merchants National Bank of Kaufman Kilgore........ .............................. The Kilgore National Bank Laredo________ _____ Union National Bank of Laredo Llano___ ________ _____ ______________Moore State Bank Lufkin_____ _____ The First State Bank & Trust Company Lufkin_____________ _________ The Lufkin National Bank Marlin............................................... Marlin National Bank Mart.............. ....... ..... Farmers & Merchants National Bank Mart.......................... ..........................First National Bank Mercedes __ _______The First National Bank of Mercedes Merkel_____________ Farmers & Merchants National Bank Mexia........................... .........First National Bank of Mexia Mineral W ells___________ __ _______ City National Bank New Braunfels ..The First National Bank of New Braunfels Olney.............................. The First National Bank of Olney Ozona ................................. ....... Ozona National Bank Paducah.................. .............. ....... ....... First National Bank Palestine............................... ..... East Texas National Bank Palestine_____ ___ First National Bank Palestine______ _____________ ,....... Royall National Bank P aris............................ The Liberty National Bank in Paris Pilot Point................................... Pilot Point National Bank Richmond.............. First National Bank Rosebud............... Planters National Bank Seguin.......................Seguin State Bank & Trust Company Sulphur Springs .............. .................... City National Bank Sulphur Springs____________ Sulphur Springs State Bank Taylor............................................. The City National Bank Taylor............. ...... ................... First-Taylor National Bank Teague___ ____ _________ First National Bank of Teague Temple................................................ Temple National Bank Terrell________ The American National Bank of Terrell Texas City________The Texas City National Bank of Texas City Van Alstyne................ ............. .......... First National Bank Waxahachie_______Citizens National Bank in Waxahachie Weatherford ...The Citizens National Bank of Weatherford Weatherford...... The Merchants and Farmers State Bank of Weatherford Weslaco.................. ..... The First National Bank of Weslaco W e s t................. .... .......................The West National Bank Wharton................. Wharton Bank and Trust Company Whitewright___ The First National Bank of Whitewright Wills Point .......The First National Bank of Wills Point Winnsboro___ ___ The First National Bank of Winnsboro Winters ____________ _______The Winters State Bank Yoakum.................................... The Yoakum National Bank NOMINEE FOR CLASS B DIRECTOR “ W. F. BEALL Nominated by the Following Banks in Group 3: President and General Manager 3 Beall Brothers 3 Department Stores Jacksonville, Texas New Mexico Mr. Beall was born at Oak Hill near Henderson, Rusk County, Texas, February 14, 1889, and attended rural schools in that County. In 1910 he moved to Henderson, Texas, and accepted a position with Mayfield-Alford Com pany Department Store, where he served 13 years, advanc ing to the position of buyer and merchandise manager of various departments. In 1923 Mr. Beall and his two brothers opened their first store under the firm name of 3 Beall Brothers 3, which later became widely known throughout the eastern part of the State. In 1930 the company was incorporated, and Mr. Beall was elected President and General Manager, in which capacity he continues to serve. The Company operates 16 department stores, all of which have been opened out of earnings. He is a past vice president of the National Re tail Dry Goods Association. Mr. Beall is still a farmer at heart, having a 1,700 acre ranch in Panola County, and being a breeder of fine Brah man cattle. He also has substantial oil and gas holdings in East Texas. His many business activities have afforded him continu ous contact with the problems of farmers, retailers, and manufacturers in the area. Hagerman_____ ___ First National Bank Oklahoma Colbert.................................................. First National Bank Texas Alto......j............................. ContinentalStateBank Bailey............................................ FirstNationalBank Caddo Mills................................ StateNationalBank Cushing............................. First National Bank of Cushing Gatesville_____________ Guaranty Bank & Trust Company Kerrville ____________ _________ __ ___ First State Bank Killeen..................................... FirstNationalBank New Boston___ __ The First National Bank of New Boston Premont.......... — .... ............................. First State Bank Shamrock .. Farmers & Merchants State Bank of Shamrock Whitesboro........ Security National Bank of Whitesboro Yorktown............................... First State Bank of Yorktown
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