The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1914-12-16


during the next few days release
something like $4,000 in the city
which will come In handy for many
persons who have been saving up dur
ing the year to have this money for
their Christmas shopping.
The savings fund scheme was start
cd In this city number of years ago
among the employees Of J. RyttenberS 4
q Sons store and since then has grown
yearly until now practically every
bank In town has a savings fund and
there are several hundred depositors
among the various banks. The out
look for next year. as reported at the
various banking institutions I'm the city
b better than ever before for an in
crease I'm the savings fund for next
year and II Is probable that despite
the war and reported hard times that
many persons. who have never joined
any Of these savings departments be-
fore. will join this year so as to put
by q regular weekly sum for a time
OF need In the future.
This has been the fourth year at
the Peoples Bank that a savings fund
has been operated and the officers of
the bank find IL an excellent scheme
for young men and women. children
and Did folks to save a stated sum
each week. 1t encourages saving and
IL gives those who save a confidence
that they will have something at the
end Of tho year that will repay them
for denying themselves q little some-
thing each week. This year the saw
ings fund closes with the last pay
meht, Monday. December IA. The
bank will on Tuesday or-next day send
out checks with the savings of each
shareholder amounting In all to about
$1,000. This amount will be divided
up among probably fifty shareholders,
secording to the number of shares
each has taken. the shares being ut
one dollar each with half shares for
half price. The bank will continue to
operate the savings fund another year
and has already secured the promise
OF S large increase In shareholders
with nearly q nifty per cert. increase
In shares for next year.
At the National Bank Of South Car
hA esr-A
brinss to q close the first years oper-
alton Of savings fund department. q
department which the bank has found
OF especial merit and which has elicit
ed much interest among its patrons
and others who have subscribed to
shares In the savings department. This
bank operates a III, soc and Csc sav-
ings fund department and the parti-
cipants number about $50. These will
each receive their share In between
$1,000 and $1,000 which will be dis
tribused after the 21st. The bank ex-
poets to continue to operate the de-
partment and has the promise Of big
increase In participants and a larger
number Of shares for next year.
The city National Bank. the home
OF the savings fund department I'm
Sumter. so to speak. for IL was the
only bank for many years which kept
savings fund department. known as
the Young Mems Savings Fund. found
out long ago that this department was
a good thing for subscribers to the
various shares Of stock In the fund.
Each year since the department was
Instituted II has grown. and from few
hundred dollars II has grown until
this year II will send out In checks TO
the shareholders somewhere around
$4,000. something like $4,000 more
than was sent out last year This de-
partment Is eleven years old In this
bank and during the coming year Il
viii have at least a twenty-five per
cent. growth over the present year.
showing with what success the de-
partment has met.
The First National Bank may decide
TO annex a savings fund department
Tor next year. but up to the present
time II has not operated one, doing
tins class Of business In its regular
savings department, which is the larg-
est OF any bank In the city.
inc Commercial and Savings
Bank. sumter's youngest banking in
sttution. Instituted a savings fund at
the beginning OF the present yra- and
has found II eminently successful.
rhs department during the present
year continues to operate until Janu-
"ry hrst' when the money will be dis
trtouted by check NJ .iso,,.horo >rox,