The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1905-06-07

peculiarly appropriate piace ZOE .
baukers' COW IGNITION, inesmach as the
banks IF thij city and county have
achieved notable Tso0Id.
/: !. said shat in proportion to pop
u)atioc Anderson has larger bank
ing capital than any other interior
town in South Carolina. Whether
this be true exactly or not cannot be
said from the Information at hand,
hut it is well known that the business
Of banking has for many years been
nro6tably conducted in this city Of
growing, thriving Piedmont, ana this
fact is largely due to the confidence
and patronage which the farmers Of
this superb farming county have ae-
corded these home institutions.
The National Bank o. Anderson
was organized in tho year 1879, when
South Carolina was anything but o
prosperous State, and when there were
anything but prosperous times just
ahead. It's capital stock was $50, 1000.
The president was Col. Joseph n.
Brown, who had carved his name as @
gallant soldier in war and then proved
his fitness for leadership in times of
peace. The cashier was Mr., j. A..
Brock and the assistant cashier was
Mr.. B. Frank Mauldin, the recently
retired president Of the State Bank
ers' Associations, The National Bank
of Anderson was successful from the
start and for 19 years paid dividend
of IL per cent. In 1891 it
stood eighth in banking value in the
United States and third in th.
South. In that year it was determin-
I'd to liquidate and organize another
bark, not q national bank. The
hank wound up its affairs, and the
stockholders were paid $475 for every
500 they had put in.
The Bank Of Anderson was organ
lied as the successor Of the National
Bank of Anderson. Col. Brown vol
UNFAIRLY retired from the presidency
and Mr.. Brock was elected president
and Dir. NIauIdin made cashier, Col.
Brown being elected vice-president
and attorney. and theae gentlemen
now hold the positions just named.
The capital stock is $4,000, and
every yeat of it's existence the Bank
Ct Anderson has paid 10 per cent. it's
surplus now being $3.50, 600.
The Farmers and Merchants Bank
was organized in 1888, with the late
R. s. Hillss president and Mr. J. r.
Vandiver as cashier. The capital was
at first s5O, 900 and it was subsequent
ly increased TO 100000. It has paid
10 per cent. regularly and It's surplus
is aow s120,000. Upon the death a
few months ago Of Mr.. Hill--a gentle
man whom Anderson misses sorely--
Mr.. Vandiver was made president,
and Mr.. j. Boyce Burriss was made
cashier. ..5 &, ,s,.5 81.
The Peoples Bank was organized
only six: years ago, with capital
stock Of slOO, 900 and with Mr. Fret
we'll, as presidentand Mr.. Fretwell
is capital stock himself. This bank
has paid q dividend Of 8 per cent.
regularly and ID doing 8 good bpainess.
The cashier is Mr.. j ohm n. Bleckley.
An institution which is an adjunct
in sense To; the Farmers and Mer-
chants bank is the Farmers' Loan
and Trust company, which was organ
ICED in 1902 with 8 capital stock 81
$4,000. Mr.. r. s.. Hill was the f,st
president Of this institution aud on
his death Mr. Vandiver succeaded
him in that position also.
A glance at tsthe banking business
Of thie community takes in only part
Of the field unlesa some mentiontis
made oe The banking institptiona
throughout the county of Ander-
son. jSs5
The Bank of Belton, at Bolton, usn
organized id 1893 Wit 8 capital Of s5o,-
600 and ita surplus 10 now Be, ,00o, and
j. han been paying 10 per cent. The
officers are: r. Lewis, president;
Ellison As. smyth !. yiceE Epresid lent, aud
W. r.: eof cashier. sS5$
The Belton Saving ban is capital
lied at q. GOO, having beer organized
in l903, 81 b
Ghe Farnsrs Balk of d Bolton
vas alao organized Ia 1908 shs eapii.
tal being ab, 400 Judge V. Cor
y prsyal sls kEos Aabary G. Lat
liner is vice. .prsaid dens and John IA.
Horton I'd saskiis {;
At Apnes Path tss Citizens Bank
/ Vas eSgaaissd I'M 400 with u. 1A.
Brock ms prasid / enk. ii Milford N