The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1896-09-30


rank as to book value of stock and
among the Southern banks third rank.
This was the result of able and con-
servative management, coupled with Il
liberal spirit in dealing with its Gus
toners 1t was the first bank in the
State to begin making loans direct to
farmers, thereby putting this class
largely on a cash basis in their deal
ings with merchants, which, in tie
end, Injured to the benefit of both: and
which to some extent, at least, ac-
counts for the exceptional prosperity
of the country.
When this bank was organized bank
ing was to our people a new and un-
tried enterprise, and it was with great
difficulty that the stock was raised
hence, the number of stockholders
was small. For this and other reasons
it was deemed advisable in 1891 to re-
organize, which resulted in the estab-
lishment Of the "Bank Of Anderson.
The officers were: j. y. Brock, Presi-
dent; +. +. Mauldin, Cashier, and j.
W. Bruce, Assistant Cashier; Col.
Brown, the former President, gener-
ously giving away that the others
might be advanced, but retaining his
position as attorney of the bank.
The present institution has had a
successful career, and prides itself on
being the strongest interior bank in
the State, with Il capital and surplus
of s240, 900 and a heavy line of de-
posits. The bank has ample facilities
for accommodating at all times its
many customers, and affords the
strongest security to its deposltors.
The officers continue the same. with
the exception of j. w. Bruce, the ac
tive and efficient assistant cashier,
who died in September 1895.
TIE MATTRESS FACTORY
One of the best of the home enter
prises is the Anderson Mattress and
Spring Bed Company, which has been
in existence for about three years, and
which has been giving employment to
number of worthy workmen. This
factory is situated on East Boundary
street, just to the rear of the Baptist
church. There are two large build
ings, one for the mattress department
and the other for the Spring Bed de-
partment. The buildings are l3O feet
long. The motive power of the plant
is electricity. The picking house is
built of corrugated iron and connected
to the Mattress Factory by tram
way About twenty men are regular
ly employed, and they are kept busy
through the entire year.
A mattress factory has filled long
felt want; that such an enterprise
would be good paying investment
was seen at glance by the business
men, and they took active steps to
hayc the factory established. The
first work turned out was great sue
cess, and wholesale trade has been
worked up through South Carolina,
North Carolina, Georgia, Florida and
other States. The factory has ca
pacity for about 10000 mattresses a
year and 25, 900 spring beds are man
ufactured and sold at good prices.
The present company was organized
in January, 1896, and has been in
busy and successful operation since
that time, although much work was
done before then. The officers at
present arc 0. B. Nanwyck, Presi-
dent; J. r. Vandiver, Vice-Prcsident;
II. S. Crayton, Secretary and Treas
urcr.
1t is joint stock company and is
incorporated under the laws of South
Carolina. The management have re-
ceived a great many letters from dis
tance complimenting the work done at
Anderson, and in no case las there
been complaint of shoddy or half
handed work.
Another feature about this enter
prise, and which has been the means
10 adding to it's success, has been the
large amount of money expended here
in the city and county for shucks and
straw to be used in the manufacture
of the mattresses. Out of one ton
of material only fifty mattresses can
be made. and from this it can be read
ily seen that an enormous amount OF
straw will have to be collected for the
years work. Over 400 tons OF ma
terial are consumed each year, and
the money for this goes to the farmers
living near the city. Frequently it
has been the case that the factory
would run short of material, but care