The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1914-01-07
SUMTER. 8. O., WEDNESDAY, 7, 1914.
BANKS HAVE PROSPEROUS YEAR
DID GOOD BUSINESS DURING
PAST YEAR AND PROSPECTS
ARE BRIGHT FOR COM.
ING YEAR.
None Of Them Have Yet Taken Steps
To Join New Banking System
semi-annual Dividends Issued by
Banks ON .First-Savings Fund De.
partments Did Good Business.

"hu"A DNiuciuS ASSucO Oy
Banks ON .First-Savings Fund De-
partments Did Good Business.
The past year was a very prosper
Gus year for the banks Of the city.
All of them did a fine business and
report prospects bright for the New
Year which is open before them.
While all OF the banks will at some
time in the future take some action
respecting the new banking system.
none Of them have begun any steps yet
with regard to changes which may be
made.
At the Bank Of Sumter 1t was learn
ed that the past year had been more
than usually successful and the out
look for the coming year was exceed
ingly good. The bank had. as usual
issued $4,000 as it's semi-annual di-
vidends at four per cent on January
FIRST.
II was stated that the matter Of
joining the new federal banking sys-
tenn had been considered. but the
bank would at present continue to op-
crate under its State charter. It would
first observe the practical workings
OF tho new system before Il would
take steps to join.
In the Christmas Savings Fund de-
partment the bank was much pleas
ed with the interest taken. During
the past year there were four hun
dred and thirty-one depositors. AL
ready six hundred and twenty deposit
tors have signed up for the ensuing
year. showing fine increase over last
year.
The City National Bank issued its
semi-annual dividends at four per cent
Thursday amounting to $4,000. 1t
was stated that the bank had had an
especially fine year. The deposits
were very much greater than on the
previous year and prospects are. bright
Cor the ansuins year.,l '2sstSsa ~
4 Dye)nx thepast 1sas A14Ss s1x6ss6Ai
hundred and twenty depositors In the
Young Mems Saving Fund and SIS, 900
was issued to these subscribers on
Thursday. The number Of subscrib-
ers to this department Is larger this
year than last and the fund will be
considerably more than II was during
the past year. A change to be made
this year Is to run the department for
nifty weeks instead OF fifty-two, as in
the past. so that the checks can be
Issued to- depositors the week before
Christmas, instead Of on the first, as
In tho pass.
1t was learned that the bank had
taken no steps to Join the new bank
ing system yet. but this matter will
probably be decided at a meeting of
the board Of directors in the near fu-
ture and the bank will probably JOIN
the new system at its annual meeting
on the second Tuesday in January.
Considerable interest has been TAX
en- in the crop contest inaugurated by
the bank during the past year. fact
exceedingly gratifying to the institu-
ton. The bank now has on deposit
a quantity of good tobacco seed, which
1t will give away free to farmers of
the county who will call for it.
The Commercial Savings Bank has
only been in operation a few weeks
but ii has done good business in that
time and Is steadily growing. The
prospects at this time for fine busi-
ness during the coming year are ex-
cellent and Sumter's newest banking
institution expects TO make a record
for itself during the year. Mr.. II. A.
Bradham attended the meeting Of
bankers In Columbia on Thursday, but
no action has been taken towards
Joining the new bank system.
The bank is organizing a weekly
savings department.. which 1t will have
in readiness for subscribers in short
tine. but whose details have not yet
been worked out.
The Farmers Bank and Trust Com
pany. as usual gave New Year pres
ent TO It's stockholders of four per cent
dividends amounting TO $4,000. This
bank has not yet had time to consider
the matter of joining the new bank
ing system. but will probably taks up
the matter later.
The Farmers Bank has organized
a weekly savings fund department for
its patrons The department will be
known ~ THE Ready Money Club"
and its shares will go at twenty-five.
nifty cents and one dollar. 1t will run