The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1882-05-05
The Movement for a National Bank in
Hartford County.

The movement for establishing national
bank in Hartford county is assuming more
definite shape. The Deer Creek Farmers
Club, in which the project originated, at their
meeting at Mr.. r. Harris Archer's, last Sat
urday, considered the matter further, and
have called public meeting of all persons
interested, to be held at the Court House, on
Monday, June 9Th, at - o'clock, NJ. On this
occasion the feasibility and expediency of or
ganizing the proposed institution will be
carefully considered Under the laws regu-
lating the establishment of national banks
100000, divided into shares of 800 EACH
OF this amount one-half must be paid in at
the time Of organization, and the remainder
may be paid in installments of 10 per cent a
month. Thus, on each share subscribed $50
must be paid, upon organization, and So per
month for ten months afterwards The pro-
ject has already attracted attention outside
Of the county, and members of the committee
having the matter in charge have been assur-
ed that if necessary portion of the stock
will be taken by outsiders. The people of
the county, however, have it in their power
to establish and control the institution them
selves, and whatever profits may arise from
It would then be kept in the county.
We have obtained expressions of opinion
from large number of business men in refer
encG to the movement, and the belief is gene
raj that a national bank, organized with Off
GERS possessing the confidence of the commu
nifty, is sure of success. The canning interest
alone has assumed large proportions in IIar
ford county, il being estimated that there will
he over three hundred factories in operation
this year, with nearly million dollars in
vested in outfits. The business of cattle
grazing also employs large amount of CAPT
tai, and for these two industries alone bank
ing facilities are needed.
No large manufacturing enterprise could
be successfully established in our midst UNI
less we had bank convenient to its place of
business. Our farmers, storekeepers and
others now deposit their funds in banks in
Baltimore city and elsewhere, and for these a
hank at home would be a great convenience
There is scarcely doubt that the stock
would pay fair rate of interest on the in.
vestment, and increase in value every year.
Such banks have been established in other
counties in the State, and are recognized rs
important aids to business men of all kinds.
The county of Carroll which resembles Har-
ford very nearly in size and the general sys-
TEN of farming and grazing pursued, has at
least five well established banks, all of them
paying large profits and facilitating business
NJ well as encouraging spirit of enterprise
1t is the intention of those entrusted with
The preliminary steps to be taken in the mat
ter to send blank subscription forms into ev-
cry neighborhood in the the county, with a
request that these be brought to the meeting
announced for Monday, June 9Th, by which
time it will be seen whether the people of
Hartford possess sufficient enterprise to carry
forward the project to successful issue or
not.
Ithas long been a reproach to our county
that we are SO far behind other counties of
the State in this regard, but we trust the
stigma will now be removed in very short
time.