The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1915-08-07

was assessed at $4,000; it's capital,
surplus and undivided profits was
$4,000, making stock assessments so
per cent. Of it value. The practical
result is that the stock Of this ma
tional bank in Anderson was taxed
$50 per cent. higher than the stock of
the Pickens bank.
The stock Of the Bank of Camden
was assessed upon the value of the
capital stock, undivided profits and
surplus, at the rate of AZ IA per cent
and upon similar items the Bank of
Kershaw was assessed at the rate of
57.4 per cent. OF the value thereof;
in other words the stock of the Bank
of Camden is assessed at $141.51 per
81 900 less than that of the Bank of
kershaw, or a difference OF more than
33 per cent. between the two banks.
In Marlboro county the Bank of
Marlboro, according to it's items, has
capital stock, surplus and undivided
profits amounting to $191, $50. The
shares of this bank are assessed at
$5S,73O. or on basis of % per cent.
Of the actual value thereof; but If the
sworn statement of this bank, Decem-
ber 81, 1914, to the bank examiner is
| correct, there should be added to the
undivided profits $69,596 in addition
to the amount stated in the tax re-
turn, for the amount of undivided
profits is stated in said report of the
bank examiner as being $152,996. If
the addition, as above explained, is
Taking this as the basis-and we
know of no fact which would modify
1.-THE stock of this bank was taxed
on an assessment of 2054 per cent Of
its actual value. and, eliminating the
unreturned item Of $69,596 and fol-
lowing the same rule Of assessment,
the stock of Bank of Marlboro was
taxed at rs per cent. of it's value for
the year 1914, and the Union Savings
Trust Co., was assessed by the county
board Of Marlboro at 59.5 per cent. Of
its actual stock value. For the year
1914, $1,000 of the stock value in the
Bank OF Marlboro was assessed for
taxation at $3.50, while $1,000 of the
stock value Of the Union Savings
Trust Co., was assessed for taxation at
$595. The two last mentioned banks
are located In the town of Benefits
vhle.
Many other inequalities could be
mentioned among banks for a given
county, but is not thought to be neces-
sary.
The stock of the First National bank
or York Is assessed at 35 per cent. of
Its actual value, or $3.50 on each ST.
900 of stock value.
bank of Camden is assessed at SO per
cent. of its actual value. or $500 on
each $1,000 Of stock value.
The stock Of the National Loan and
Exchange bank of Greenwood is as
sessed 40 per cent. Of its actual value
of $4Oo on each $1,000 Of stock value.
In Edgefeld county the average as
sessment on bank stock is 60 43-10O
per cent. or each $1,000 Of stock is
assessed at $6O1.4O.
In Pickens county the average as
sessment on bank stock is 80 43-1OO
per cent. or the stock value Of each
$1,000 is assessed at $394.3O.
In York county the average assess
ment on bank stock Is 35 per cent. or
$1,000 of stock value is assessed at
$3.50.
| In Greenwood county the average
assessment of bank stock is 40 per
cent, or each $1,000 of stock value is
assessed at s4OO
In Chester county the average as
sessment of bank stock is SO 43-10O
per cent, or each $1,000 of stock is
assessed $364.3O.
In cherokee county the average as
sessment of bank stock is 40 16-1Oe
per cent, or each 1000 Of stock value
is assessed at $4O1.6O.
In Chesterfield county the average
assessment Of bank stock is 46 S5-1OO
per cent or each $1,000 Of stock value
is assessed at $46S.3O.
In Anderson county the average as
sessment OF bank stock is SO per cent
or each $1,000 of stock value is as
sessed $500.
In Marlboro county the average az
sessment of bank stock is Al 15-1O0
per cent, or each $1,000 of stock val
ue Is assessed $411.5O.
In Greenville county the average
bank stock is assessed "A S4-1OO per