The herald and news. [volume] (Newberry S.C.) 1903-1937, 1912-04-19
EXCHANGE BANK OF NEWBERRY.

Beginning business in February,
1906, the Exchange Bank Of Newberry
continues daily to enlarge the scope of
its already we'll established popularity
and patronage. Conducted under
charter whose powers are defined and
regulated by the laws of the State, this
institution offers to the public the in
ducement Of the utmost security IN
! the administrative departments, by
ample capital, and by directorate
composed of successful business men
and representative farmers, who ad-
here strictly to cardinal banking prin-
cipals, judiciousIy Interpreted and ap-
piled, ard in whose deliberations the
question ''is it safe?" is above and
/ beyond all other considerations. SO
! that in its organization and establish
/ Cd policy, security is the predominant
ing feature Of the Exchange Bank Of
1 NeWberry, and viii always continue to
/ be the one great inducement this bank
| will hold out to the public. Conducted
in strict conformity to the most ap-
proved methods Of modern banking,
this institution maintains constantly
for the inhabitants of NeWberry coun-
ty the very best financial facilities, to-
gether with a service that is ever ac-
commodating and OF the most conf
dental character. Covering effectively
all the departments of banking the
Exchange Bank Of Newberry receives
money for deposit in any amount, al
! lowing interest on time deposits;
money is loaned on satisfactory sigma
lures, approved paper is discounted,
/ exchange is bought and sold on all
the leading money centres and col
lections are made and promptly re-
ported An established system Of cor
respondents, composed Of the repre-
sentative banking institutions Of the
leading cities of the country is main
tanned, so that every facility is possess
ed to render on all occasions prompt,
reliable and satisfactory service. The
following figures taken from a report
made to the State bank examiner on
February 20, 1912, as required by law,
are submitted for perusal, because
they furnish strongest possible evil
dence that could be given in support
of the assertion that the Exchange
Banks career has been prosperous
and constantly progressive, since its
very inception, in patronage and popu-
larity:
Capital stock. ...S oO,O0O.O0
Undivided profits. -. 1,831.66
Total deposits. =. -. -. :. 139, ,9o3.O9
Total resources. -. -. 229,72S.l5
The officers Of the Exchange Bank
cf Newberry are: H. L. Parr, presi-
dent; w. G. Houseal, vice president;
NJ. L. Spearman, cashier; W. B. Wal
lace, assistant cashier; G. B. Cromer,
attorney. Directors-H. L. Parr, ".
G. Houseal, NJ. L. spearman, G. B.
Cromer, w. C. Brown, John A. Sem,
George C. Glasgow, John C. Neel and
]. D. Wheeler Al of the above named
individuals are men Of established
ability, integrity and reliability, and
possess the advantages of valuable
practical knowledge and an intimate
acquaintance with local conditions ac-
uuired in the successful operation OF
their own private interests. Thor
oughly identified with the progress OF
the community, their policy will be
always in the lire of cooperation with
legitimate enterprise, and, all other
things being equal, to give preference
to patrons in making loans, so that ef-
fort in the direction Of developing all
natural and acquired advantages will
receive substantial encouragement
when such encouragement does not
cortravene sound banking principles.