The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1852-09-21
RANK Ra EXITING.


citizens Of Sumter District, held in
the Court House. on the 9th inst,
Ito receive the report Of a Committee,
appointed at a former meeting, to
Inquire what might be the probable
amount of stock, which may be taken,
in the event of the establishment of
d Bank in the Town of Sumterville,
and all other matters in relation to
the same the meeting being called
to order by w. l.. Brunson, the said
Committee, through their Chairman,
Gen. S. +. Chandler, offered the fol.
lowing Report and Resolutions,
which were adopted:
The Committee, appointed last
Sale Day, to memorialize the Legis-
laturo at its next session for the
Charter of a Bank in Sumter Dis.
strict; and to enquire, and report to
this meeting, the probable amount Of
stock, which may be taken in said
Bank, and all other matters in rela-
tion to the same; submit the following
REPORT:
That the amount of stock which
may be taken, depends upon the
view which the people of the District
may take of the urgency Of the cir.
cumstanccs calling for the establish,
inent Of Bank in this particular 10.
cality, and the nature of the Charter,
which the Legislature may be pleased
to grant.
The Committee can say that the
feeling Of the citizens of this District,
is almost universal as to the proprie-
ty, aud even, necessity Of the estab.
)ishment Of q local Bank, and that
well conducted Banking Institution,
would be of profit to the Stockhold-
sers, and Of advantage to the citizens
atsiarge.
sep Promising that the Legislature
cannot exact harder terms of this,
than auy other similar; Corporation
haretoforeS created. the Committee,
ed soc The foundation.
ON Which is based the public senti-
ment, in reference to the proposed
Bank.
In point of territory, Sumter,
compared with her sister Districts,
ranks fourth in ordcr-C Charleston,
! sBarnwell, and Edsefcld, alone com,
aprising greater area
In number of slaves, she is also
sfourth-Charleston, Colleton, Beau.
fort, alone exceeding her,f
In amount of taxation, she ranks
seventh; Charleston, Colleton, Beau
fort, Edge6cld, Georgetown and
Richland, paying more largely into
the Treasury. The difference in the
value Of Town lots, and of lands un.
der our highly artificial system Of
classification and valuation, will at
once account for her position on this
scale. She pays more into the
Treasury for negro property than
any other District, except Charles
ton, Colleton and Bcaufort-and she
pays moro than the City of Charles.
ton-which in 1851 paid $685..
is on 16,339 slaves, whilst Sumter
paid $l8,353,20 on 81 ,529 slaves.
Under the same head Edgefeld paid
SIT, 1856, 40, on O1,124 slaves !;
Georgetown, $15,73O.95, on 49,.
507; and Richlaud, $10,156,65, on
11,949. +
Comparing these places in refer
ence to the value Of merchandise,
Charleston, of course, is first; then,
at long interval, Richland, then
Edge6ed, Georgetown, Beaufort,
Sumter, and lastly, Colleton. In
Charleston, there are seven Banks,
with an aggregate capital of more
than $11, 100000, whilst the value
of her merchandise is not $780,
900. In Richland there are two
Banks, one of which, was chartered
in 1881 with capital of $5OO,OOO;
and now the value of her merchan.
dize is only $4S0,0O0. In Edge.
field Bank was chartered in 1884,
with a capital of 100000, and the
value Of her merchandise is now less
than 100000. In Georgetown,
Bank with a capital Of 100000,
was chartered in 1885, and her
merchandise less than $27 ,OOO.-
Beaufort has no Bank, and her mer-
chandizo is valued at $45, $780,
Whilst Colleton stands still lower,
her wares being valued at $31,116.S
From which appears, that the com.
.mercial rank Of a District is by no
means o test of its wealth or prosperi.
ny, It also appears that the mor-
schantable goods Of District may
have but a small proportion of its
Banking capital, and yet tho Rank
Comptroller Generals Rapo4,, published
y l'h. KSpor.s mud Resolutions of the General
i'T'} III 80. lII ~ &LI