The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1885-06-03
Wednesday, June 3, 1885.
Ahhc,::!r Needs NoIry.


We think the Importance of securing n
hank in A;,bcvl,!c cannot I've ovc"-c>timaicd
and 70 time Is better than the present to
make efforts to secure the benefits of such an
Institution. Although the citizen often finds
much trouble securing the loan of money, yet
there is much surplus capital TO he und here.
AMI that capital wou lc mere prci!tahly
employed in II bank tlra elsewhere, ami
nothing would do more to advance oar bust
hess Interests.
The following article, which we find credit
cl to the Dul:nn!on .Ncrs. will apply
in every sect to- tho town and the business
Interests OF .Abbevil!c:
Ia our town there are many business houses
of such enterprise ana reputation that th"lr
operations during the wear are "i'f llih't''i
lN the a,nnant OF money they can get me use
II. These houses might extend their Ill -lNcSS
loan indefinite cN:cn, 10y binding themselves
to- factors, hut with the losses amt c!:tf@cS at
Ivndtni oi shipment ana sac ol cotton. HE
Increase Of price Necessary on Snm:S wound
lrrNrut this extension "i trace. lhcSc hu>!-
ness houses can give any amount q. Glit-ru"c
CnlintrralS. and having this security, what
1h,y need is the opportunity 10 get money FOR
l3n",r ~ shorter periods at amy season OF the
wear, as their business may demand. AS H.
stands now, the National Banks having ioFh'
ed to The extent allowed by law, cannot &C
,ommolutc even their best and largest Gus
TONERS. and when the small FRY apply u Is no
20. The private individuals who generally
lave money, have loaned "nt the last dollar,
AMI money is 80 scarce that 10 raise =" IS II
ira; OF financial ability.
How To relieve the present strain ana 10
prevent lis future o"cirr.iicc Is Il pToot"'a
which we hope that those gentlemen VINO
lave 50 ably discusses The matter. Will WORK
ont to a successful solution. I'm increase "l
banking capital is absolutely necessary. oar
town and the surrounding country icru III
least >.Ns.SCi of banking capital, ami t'il> lhrE
could USE with profit Ia themselves ANA To the
bank. \ second bank has been talked OF ana
several have offered to subscribe stock IN
mounts from Sl.Hn To SIhD. mat 'n"r' -
profit to our pculi" in having 4 bank c,".r III
{anl every one will ack uowlrd"r. That
there Is profit 20 the BANK IS shown by the re-
ports. not only of the Darlington Bank. bUi
hy those Of every National i':nS III ne H,alr.
The stock OF the Peoples National sank.
Charleston, is uun:cd 1T H: that Of the FMS!
National Bank. ChulrStun, vt 20: that OF the
Darlington National Bank. only four years ~
up ration. Is worth IN actual Haiiir lim; an"
Nuac to be bought even Ut !iiat P;icc. lhcr"
is money enough in tn" county 10 increase
our present bank stock to over SiHp!t". or 1"
establish another bank. and one or tic other
should be done before anoine: year.
The EerShav Gn:cN: says:
We have tried 10 impress CpI our people
thr necessity FORA AMI in cainicn more IMAM
nacc. and we %rcitcrate II now. For 4 town oil
this size, with its business necessities ana de
moNGS. il Is passing strange hat our business
men have not scared proper banking iacil!,
ties. 1t works Il great hardship al times. ana
II strikes us that we arc suffering lor Such an
institution. some say iilit our people are TOO
moor to deposit much, ANA that deposits are
What pny. We believe that the deposits
would exceed expectation. AMI that the TANK
wunld pay. and tie acconlrlod:G ION wOuiu DC
st, great rs to make Sucl an institution II sue
cess. Our merchants are needing one rlsh'