The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1910-08-31
LETTER FROM MIR. DIAL.
Giving Excellent Reasons For Patron.
lzing Home Enterprises.
Editor The Advertiser:


time of asking space i'm your columns
to explain to the public the reason
why we organized The Home Trust
company, and the object of this com
pany. We will briefly state the rea-
sons, thinking. perhaps, we can be OF
benefit to the public and knowing the
public can be of service to us 1t
is well known that for large part
of the year ii is exceedingly difficult
TO get money for farming and other
operations, owing to the limited
amount of capital of our banks. The
promoters of this company, therefore.
thought there was good field here
for additional funds, besides the other
advantages which banks do not pos
sess. We named the company Home
Trust Company" for the reason that
every dollar of its twenty-five thous-
and dollar capital stock is owned in
the county, and we expect to double
the capital. 1t is to be sincerely hoped
that ere long every member of every
white family, or pretty much every
family, will own some stock in some
bank or Trust company within the
county, or at least will have a bank
account. a great many of the colored
people are beginning to deposit their
money in the banks and, they too
should be aided and encouraged. Our
farmers are rapidly learning how to
grow better crops, and we are glad to
know that the market price is more
encouraging, and. probably will so
continue, than it ever has been in the
past. Therefore, our home people
will have some surplus money to in
vest. We all know that when we can
get people to begin to save their
earnings, and especially children. it
Will not be long until they will incul-
cate this habit, and will have funds
for investment. I'm fact, line be-
tween saving and spending is very
narrow one, and when once the habit
OF taking care OF what we make is
liked upon us our prosperity in life
is pretty much assured, 1t should be
paramount endeavor of everyone to
save something of their daily, monthly
or yearly income, however little they
may make. Unfortunately, owing TO
our town having no railroads for
long number of years after the War.
we did not set an even start with our
neishboring towns towards prosperi-
ty, We were surrounded by railroads
on every side in other counties and
the trade from this county went to
help build up Greenville. Union,
Spartanburg, lIonea Path Newberrv,
etc We did not get a start until
we built roads along about 1883. There
was no bank in this county until 1856.
There was very little trade in Lau-
rens up to that time. Therefore. our
other counties and help to lay the
foundations for their merchants for
tunes. There We're also cotton mills
in our adjoining counties pretty much
all the while, and it was not until
1876 that we had one in operation in
this county Hence. YOU see we had
very little opportunity to make money.
We should not be discouraged because
some of these other towns are ahead
of us. They simply had the advan-
tages and got the start What we
along with others, have been endeav-
orinS to do is to regain this trade
Tor TOWN and n build
banks, trust companies and other
institutions. We need n great pull and
effort by not only our town people.
but our friends all over the county.
They come to- town to attend court
pay taxes and for other purposes. and
thcy can purchase as cheaply here
and perhaps cheaper than they can
in other towns. IT is our ambition
to have them move all their bank
accounts i'm the county and patroni2e
their home institutions. They know
us and we know them. and we are
beginning to be in position to extend
them every accommodation consistent
with good business. OF course we
are working more especially in the
interest OF the Enterprise Bank. with
which we are connected, but we are
not narrow enough TO say but what
the public will receive good treatment
at the hands of any OF our banks.
If our people would encourage the
habit of dcpositng their money in
the banks pprhaDS the banks could