The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1893-05-19
PROSPEROUS pAcoLEr.
,.,o., I,bor,rs---Sdpings Bdnks-Co"vo''-
'mg gi: Homes-Remarkabie Hed'fh'

ooN |
somo ten or twelve yeas ago l M"S
p,oo,ct. I was there again the otns. J;..
What n change! The wilderness I.hor.
.nn.orcd. concentrated caPi'"' "h. one
sPPe"h h.nd had done the work the o.s
.,n;n of the miller had given PnSS' ii.
,Soe .as Of houses; the moss-coNe
,S;a.,aa mill had gone, and us Pi 81,
-. factory building, which WV rhere
"rsa;, 10 any country in the wor,a, w.o,,ss n |
wsre streets, q boarding house; ,nssd gar-
school house, livery staole, VIZ .
learn more of the condition OF tho opere-
tives, l made n Pc sonnl investigation ana
learned thnt it was the custom OF many OF
Them to leave on deposit with the Company
their surplus, upon which interest was
allowed them at the rate of per cent pr
annum, per cent. more than Is Se"''
paid by savings banks. -.
cashier of the company, gave me ie"
figures and here they ave: Ihe tp'a,
amount on dep osit was S9,So9 VI, nNluvu '
among 81 depositors, an average OF SlVo''i
for each depesitor. These deposits range
from 81. so up TO SSOl.S0. There was ons
of over S2.4OO. but ms it aid not represeu'
entirely wages earned, l have emitted It.
or course it would not be proper TO give
names, but the figures are accurate and rs
shown from the books of the company
In addition to this, several had bouSn
land with their earnings and paiu tor
while others aga,n were paying LOT i"uo ANU
A GOOD many were losning money, aud MT
Goodle,ts est mate was that there was u
much loaned cut by the operatives as tue.
had on deposit with the company. In iae'
he knew cf two men who had about 81 w
each loaned out. Wheu we reheC' NV
hard it is for farmers, who rent i"h'
make both ends NEE, these figures ave /.
structive. How many tenant FARMERS ,
Spartanburg county, have bank ueP'sn
DO you suppose there are 'l WIN WIZ NV
- age S19O3G erch q?
What other signs OF progress arc '"eie
There are two bu ding and loan aSsoci'
tions represented in the place ohe Eas o
sha,es: another 100 shares; there are
stockholders who pay monthly ihs'alt"e"
Of SlS4. SO much f. the savings
Now for insurance. Besides regular POI
cie.. there is lodge of knights "t non
and-oae,-a ae, Isssliqs -9e I'd ke4errJ9s. H9lp
There is ais, an organization of Red Nj
and Masons. Al. OF these orders are in
houri.hing condition. There is also n W.
equipped brass hand, owning their ov
instruments for which they paid $3.50.
For town OF that size there Is II
livery establishment with about drz
good horses. \ community with such mat
rial interests cinnot be eithec oppressed
retrogralmg. They arc not only mIu
trious, but thrifty and selfrespecting.
While they have all the advantages
town fe, at the same time, they give
encouragement to, and are protected fro
town vices. People must make money
fore they can save it. Bank deposits ;
the best evidences of thrift, The peop'e
puco!ct make money or :hey could not "a
AS they do. 1t is natural to suppose Il
all of these depositors are heads OF famili
l was very much impressed wi Ii the sta
mcnt of one man. lie said Nv hen caI
here from the farm, l had nothing: y
could have carried my things OH your bac
Now would not be ashamed for any m
in the Stae to come to my house, or to
down tony table" One fact is worth tho
sand theories, and any man, with nm hon