Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1910-02-11
CLOVER CUlLlNGS.
Splendid Record of the Bank-Buldins
and Loan TaIk-oiI Mill Doing Well
Capt. John Smiths Birthday.

Correspondence The Yorkville Enquirer
Glover, February 1.-THE Bank Of
Glover completed the fourth year Of
it's business career on January 81, and
the fifth annual meeting Of the stock
holders was held on last Tuesday, the
Sth instant, and the statement submit
ted by Cashier Page showed that on
January 81, the total resources were
$136,3S2.29, Of which amount $106,51S.S1
were deposits. A cash dividend Of 10
per cent was declared and in addition
to the amount necessary to provide for
this item, $1,500 was added to the sur
plus, making the latter $4,000. Mr.. Page
submitted detailed statement showing
the amount Of clearances (the sums
paid out on checks), each month from
February, 1906, to January 81, 1910, and
also the total amount during each IL
months during that period, the annual
sums being as follows: 1906, sS04,-
17O.50; 1907, $795,177.64; 1908, sS12,-
29275; 1909, s1,1S9,552.33. All the old
officers were reelected.
The matter Of organizing a building
and loan association at this place has
been receiving consideration for some
days past, and although no systematic
canvass has been made for the purpose
of securing subscriptions to the capi-
tai stock, your correspondent has been
advised that more than 100 shares have
been taken. Our people are not as
we'll up on the workings Of the plan as
they think they should be, and because
of this fact, have invited Mr.. E. G. Nc
Lurd, secretary and treasurer Of the
Gastonia Mutual Building and Loan
association, which organization has
been a conspicuous success, to make q
talk on tine subject Of building and
loan in the opera house tonight, and
he has accepted the invitation, and
will, no doubt have goodly number to
hear what he has to say.
Mr.. Luther G. Thompson, secretary
and treasurer of the Glover Cotton Oil
and Ginning company, has definitely
decided that he will erect a handsome
two story home on the lot ne recently
purchased on West First street, during
the coming summer.
Th oil mill has about finished its
run for the present season. While IT.,
in common with all the mills in this
section, failed to get as large supply Of
seed as it naturally hoped for before
the season closed, still the manage
ment seems to be we'll satisfied with
the result of the first seasons opera
tions. During the spring and summer,
number of needed improvements will
be made in the plant, lncludlns tne re-
moval Of the ginnery system Of the old
Glover Ginning company from its pres
ent site to that of the oil mill, and the
installation Of adequate fire protection.
Clover's new wholesale grocery con-
Germ expects to be ready to begin oper-
ations within a very short time.
Mr.. John ]. Smith, one Of Clovers
youngest men in spirit, passed his 74th
mile post on February s, and his
friends, and they include everybody,
are hoping that he will see many, very
many more birthdays.
Mr.. w. B. Stroup is seriously consid-
ering the erection Of a two-story brick
building to the south Of the one he
and his brother now occupy as place
Of business, and 1t Is said that Mr.. j.
M. Smith has agreed to erect a brick
store room on West Kings Mountain
street for Mr.. w. F. Wood.