The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1916-12-20
nlkIulS FUNDS Discussed
BANKS DISTRIBUTE $4,000
n AMONG PEOPLE OF CITY.
Chfassmas Saving Funds Provide Mon
~ to Pay on Debts and to Spend
at ChrismaeStcady Growth of
Departments in hanks.
From The Daily Item, Dec. is.

From The Daily Item, Dec. Is.
The checks from the Christmas
Savings funds departments kept in
the various banks OF the city are be-
Ing received today from some Of the
banks. while other banks have already |
mailed their funds out and others will
DO % In the lei future. This year
the total amount of this fund sent
out by the banks will amount to
3Ss,Ooe. which will no doubt 60 to
swell the Christmas trade among the
msrehants Of Sumter.
The chscks coming In at this time
are especially handy TO those who
Keep these accounts. The funds,
while not large, are very useful In
helping one to saw systematically and
In brinsine In money when It Is most
nssasd. This money goes out for in
surasce. taxes and mostly for the
yurclAss Of Christmas gifts and 9TH
q sc*icles which are sold and bought
praotically only at Christmas.
Tho origin OF these savings funds
WAS among the employees Of Rytten-
burg - Sons Is years ago. the ac-
count being kept In the city
/, National Bank. The bank then took
~ the idea and under its manage
msnt expanded Tremendously.
mr. bank stli carries on the fund
- ths Young Mems Savings Fund
90 n sxpsrts, . larger number Of
'slAfsb 70 % subscribed next year
wt3A . grsntsr number Of share
neleers than svsr before, In fact al
fea1y u has che promise Of nearly
eeubss the number that viii receive
fheeks on noxtM Monday from the bank
bptn ths 1sfs FUND. On Monday the
fnatH WIN mail out checks amounting
practically etf.ooo. which will be
&ypesd among one hundred ana six
koolsrtoro.
1he National Bank OF Sumter irst
~ IN actual Christmas Savings
40 This institution commeucod
~ Christmas Savings Club. M the de.
tet1msnt n known four years ago and
- ys%s the bank will have a larger
enpbsf Of SUBSCRIBERS and more
- a,hscribsd than ever befors.
tfewhe that the system 10 steadily In
e536stns An popularity. This year the
nc4k Vim mall out Sts.4so.ia the
Sn1tfs ts~tS nAIisl. tomSrrew.
9pu9e kn1;bS 1axae asp6ns
H. - a. lump sam. Tho subscrib.-
- nay secure shares which call Tor
weakly payments Of any sum from
one cent 70 two dollars.
The Peoples Bank yesterday mailed
out 10 Approximately one hundred and
hfty-sisht Of their patrons checks
covsrins she amount deposited in the
Peoples Savings Fund department
during the year with four per cent.
Interest. This 10 about $4,000 Ia
crease over the previous year. The
bank force has not had time up to now
to Get out and push the department
for next year but hope to secure all
Of their former patrons Of this depar.-
ment and many more In their 1917
Christmas savings department.
The Nationau Bank Of South Caro-
lima was the first bank To disburse
tts Christmas savings fund. amounting
20 $S.s%s-26. among about 215 sub
scribsrx This bank has on the re-
quest Of its patrons changed It's time
Tor opening and closing the fund. 1t
VIII. beginning with the 1917 fund.
open at tho hrut Of December and
close on the last OF November. How
ever. this year the department ia
Hhl open and will continue to the FIRST
OF h year. In this way the pat
rons set their money I'm time for early
Christmas shopping. paying taxes and
other needs. The department Is
steadily growing and has n good fu-
ture before II.
The Commercial and Savings Fund
In the Commercial and Savings Bank
has Grown tremendously in the three
years u has been In existence. II being
the youngest bank with the youngest
fund. This institution yesterday
mailed out eli. 1000 In checks to
approximately $50 subscribers. an
increase OF twenty-five per cent.
over last year. The prospects
are exceedingly bright for next year.
The club opens on the first Saturday
In January and runs for fifty weeks.
With the New Year the Sumter
Trust Company opens up a Christmas