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

berry and other places ore making
efforts in that direction; an{ here,
the people themselves are moing in
the matter, of their own mere notion,
and not of suggestions m'de by
holders or seekers of Office. More
Bank Capital is wanted. Ills posi-
tion is fully sustained by the expert
ence Of many Of our Citizens, whose
applications to existing Bank, have
not been met, merely beca'so the
demand exceeded the supply. AS
far back as 1S49, this exces was
seriously felt. In that year the
Presiden. of the Branch Bank, at
Columbia, declared, officially, that, at
his Bank, there were ten applica-
tions refused where one was granted
for aoant of means to accomsdate,'t
and there we're then, in Banl, Notes
discounted to On amount, exceeding
100000, besides Bonds.f In the
meantime, the Citizens of Columbia,
have resolved to apply for another
Bank Charter, with Capital of
$1,000,O00, and that is now the is
sue before the people of Richland.
The Committee cannot ascertain
to what extent the Banks, now exist
ing, accommodate the people of this
District. They have however some
data upon which to form an estimate.
From them it will be seen, that our
Citizens depend largely on others
for the supply of their wants. 1t
will be seen too, that prosperous us
are our people, they are to notincon-
siderable extent borrowers, and bor-
rowers out of Banks. The people of
Sumter were borrowers in 1S49, out
Of the Bank of the State, at Charles.
ton alone, to the sum of S83. I'll, ,21:
of which amount $44,251,63 were
lent in Claremont. and $39,459,5s
in Clarendon. Of the 56 persons
thus accommodated, Al were planters
and farmers. At tie Branch, in
Columbia, SaTygsss< .iad borrowed
81, ,1T6 %, ar,iz.e :,s
Branch S74,f Z. III -.-s ie e s aioole
number Of persons Accommodated at
tie latter place we're 70. of whom SO
were Planters and Farmers, whose
joint Accommodations amounted to
$57,334 37S The aggregate is
$165,215,13, in tho Mother Bank
and its Branches. Out of the eleven
other Banks of the State, it is not
extrayagant to suppose that the peo-
pie of Sumter had like sum. This
would make their total Bank indebt-
edness, $330,43O 26, small Sum
for the population, business, and re-
sources Of the District-a District
whicE is worth at the least $15,000,-
00O.' Considering the mode of
Bank operations, this, CT itself, would
amply justify the creation of a Bank
in our midst, with Capital of two
hundred thousand dollars, and the
reasonable expectation of a profitable
investment to the s!ockholdcr. The
Committee regard their estimate as
too low, for out of the same Banks
above named, at the same time, the
people Of kershaw had $3l6,687
SO, and the people of Richland
$642,693 25.T But if the estimate
Of the Committee, is near or above
the truth, then truly are our people
in condition to become lenders of
money, rather than continue to be
'Hewers Of wood and drawers of wa
ter to others. The time is propiti-
GUS to make their Exodus out of the
Land Of bondage and occupy the
land of promise.
The proposed Bank would have
other customers than our own citi.
zens. The Wilmington & Nhnchcs.
ter Rail Road unites the interests of
Sumter, Darlington and Marion.
The bordering districts are not be.
yond its spell, particularly Williams.
burg. Darlington contains 10000
slaves, and comprises 100000 acres
Of Land; Marion has over 1000
slaves and 635,000 acres Of land;
Williamsburg $500 slaves and $780,
900 acres of land. T These districts
compose as fair portion of the
State as any part Of her territory
they are prosperous, and their re-
sources arc ripidly developing. At
the period already referred to. Oar
lington was borrower from the Bank
of the State and its Branches, 326,.
500; Marion only $3,813 So from
the Mother Bank and nothing from
the Branches whilst williamsburg
had nothing from any Of them. =
The Committee conclude that these
Districts were supplied by Banks
tIteports of Especial joint Committee appoint
ed to examine Branch Bank Of Columbia. pub
lished with Reports and Resolutions in ls49
tlb. SRcports Of Committees, published in
l8i9.
Census by Sluckcy.
,T sNfl