The county record. [volume] (Kingstree, S.C.) 1885-1975, 1917-01-11
PROSPEROUS BANKS
IN KINGSTREE.
DECLARE GOOD DIVIDENDS AND
CARRY HANDSOME AMOUNTS
TO SURPLUS FUND.

TO SURPLUS FUND.
The annual meeting Of the stock
holders of the Wee Nee Bank was
held at their offices Saturday 9Th inst,
the same officers and directors being
elected. A dividend of so was paid
to stockholders. and $1,000 was ad,
ded to surplus. making a total OF
$4,000. The balance of the years
earnings was placed to undivided
profits.
The officers and directors of this
bank are as follows: President, Hugh
McCutchen: vice president, W V
Strong; cashier, L C Dove; assistant
cashier, Miss Lilly Cunningham; d.
rectors, Hugh McCutchen. L W Gil
land, w V Strong, w R Scott, ] K
Smith, T K Smith. H E Montgomery.
This bank began business July /,
1910, with a capital of 100000. 1t
has paid $4,000 in dividends, accu-
mulated surplus of $4,000 and &C.
quired about $4,000 worth of real
estate. Officers and stockholders
are much gratified at this showing
and very optimistic for the future.
The annual meeting of the stoc k
holders of the Bank of Williamsburg
was held the same day.
Resolutions to the memory of Mr.
] M Cook were adopted.
Officers and directors were elect
ed as follows: President, G w Stoll;
vice president, F Rhem; cashier. E c
Epps; assistant cashier.C w Boswell;
bookkeeper. CT Thompson: direct
ors,F Rhem, P G Gourdin. W Mex
sen, ] F McFaddin. E C Epps, c W
Stoll, DR. N Boyd. These are all re-
elections except DR. Boyd, who sue
ceeds the late Mr. ] NJ Cook.
The customary 8% dividend was
paid and $1,000 carried to surplus,
making that fund $4,000.
Resolutions were adopted author
izing the officers to take such steps
as may be necessary to so amend the
charter of the bank as to enable 1t
to act as trustee, guardian, admins
traitor, etc.
The statement. at the close of a
year marked by unparalleled natural
disaster, shows an increase in depos-
it's over last year of $4,000 and a
decrease in loans and discounts of
$4,000. The bank has no bills pay
able and its cash on hand and in
banks amounts to over S55,0O0. Its
total resources are S314,578.61.
The Bank of Williamsburg began
husiness in 1906. So rapidly did it
grow in public esteem that some
years ago its capital was increased
from $40. 900 to 100000. The same
rate of dividend, however, was paid
as heretofore, and the surplus fund
is added to every year. The bank
recently organized Christmas bank
ing clubs" with gratifying results.
The annual meeting Of the stock
holders of the Bank of Kingstree
was held Wednesday morning and
following directors were elected:
DR. D C Scott, Jno A Kelley, R H
Kellahan, Hugh M Cooper, Leroy
Lee, Walter C Wilson, Peter G
Gourdin, w E Nesmith, F W Fairey.
At the meeting of the directors the
officers were elected as follows: DR.
D C Scott, president; John A Kelley,
vice president and attorney; F W
Fairey. cashier: N D Lesesne. 1st
assistant cashier; R D Mills. End as
sistant cashier. The reports of the
president and cashier showed that
the bank had enjoyed year of great
prosperity, having shown an increase
both in deposits and profits over the
past years. The usual so dividend
was declared and handsome sum
placed to surplus account.
Sam Levin, formerly of The Rec
ord office has been elected senior