The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-04-05

$500 Luz :" AoAA pAoPoAstou W o"oA~
ing institution. Efforts have gbeen,
made. from tide y time, to increase
their number but without success: ];
which fully establishes the fact that We:
arslweIi supplied, both as to- number
and accom- % odntion. Tho banking ip-
stitutions OF this city, as we'll us those of
the State, have ever held Jeservediy
popular position in the monetary circles
OF the country; and it is with feelings of
pride that we refer to the faot Lhut,.
either before or since the war, but one
of them have ever succumbed to
financial pressure; and even that would
probably have been fourishing to-day,
had the Shyloclls been less avaricioue.
1t is we'll known that orr hhnk. have
exercised large liberality toward the
bust ness men OF our city, always bound-
ed. OF course, by proper discretion; the
latter being necessarily increased by the
recent panic. The profits OF these in
stitutions are sufficiently evidenced by
the development and progress they have
AduoS oOtu IL td6 IOuLluc VI OH5lQG6S
aid in their facility for trausacting a
larHs aud increasing banking acoommo-
dation. We are led to these reflections
By the gratifying exhibit Of the South
Carolina Bank anti Trust Company,
which occupies conspicuous position
in the columns of this mornings
PHOENIX. This statement is the first
which this bank has made public being
for the quarter ending the 31st OF
March, 1S74-hnd is only published
now in conformity with the Act OF the
General Assembly requiring it's publica-
tion. Hitherto this bank has made no
public exhibit of its condition-not that
its officers feared comparison with the
other banks of tho city, but on the
principle that silence is golden, and
sound institution sounds it's own praises.
But now that the statement is before
tho public, they eau shut QUO eye and
see that the comparison speaks volumes
III favor OF tho South Carolina Bank and
Trust Company; especially when we
take into consideration the fact that
it does not enjoy the privileges and
benefits OF bank of issue. This
bank passed through tho late disas-
troas panic with II frmness and credit
unsurpassed by any banking institution
i'll the Siute; and that successful fight
with one of tho sevsrest of fnancial
crises, has served, if possible, to plant
it more firmly in tho public cont ience,
aud place it on an enduring and im-
movable hasis. 1t will be seen, by
reference to the exhibit, that this bank
draws sight drafts on all the principal
cities Of tho United States and Europe,
receives all Glasses of deposits. on which,
by agreement. liberal rate. of interest
are paid. and makes collections with
promptitudo that guarantees continued
patronage. The deposits now on hand
approximate tho sum OF $500. 900, aside
from the deposits OF the State, which
manifrsts tho confidence @! the people
in the soundness of the bank. This in.
stitutiou has, for length of time, been
the State depository, which ia equally
praiscwor;hy of its management. We
cannot close this favorable array of facts,
however, without rendering unto Cpsar
the things that are C;osar's. The honor
OF the soliaity of this bank and its
financial integrity are due mainly to its
efficient and shrewd President, Hardy
Solomon. Esq.-than whom moro
suitable gentleman for tho position
conld scarcely he found; and it is
most crelitAblo choice on the part of
the direction of the bank. AS his
financial ability and general business
capacity are fully developed by ~ large
aud increasing private business, the
South Carolina Bank and Trust Com
pany secure his enlarged experience,
and thereby enable themselves to com.
mand public confidence 80 long as Mr.. |
Solomon fills the presidency CT the in
stitntion.
PuGNIxIASA.-A fashionable color in
y..v.