The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1917-12-13
MUCH MONEY IN COUNTY.
An Average of $113.5O OH Deposit Tor
Every Person in the County.

The total bank deposits IN the
county of Bamberg furnish convincing
evidence of the general prosperity OF
the people here and in this section.
It is a remarkable display of the
splendid financial conditions existing
among our people. Never before
have the books Of the county's finan-
cial institutions shown such great
number of individual depositors, and
never before in the history OF the
county have the bank accounts even
approached within several hundred
thousand dollars the figures which
they now reach. Last year, suppos-
ed to be a reasonably prosperous
season among the farmers and ousl-
ness men, the bank accounts OF the
people at this time were far short OF
what they are now and at their max
imum failed by an enormous amount
to reach the present figures. All this
is true in the face of the fact that
many thousands of dollars have been
drawn from our banks within recent
months to pay the government for
liberty bonds purchased by our cit
izens So that if any one asserts
that prosperity does not abound ev-
ervwhere in our midst he certainly
can not substantiate his statement by
saving that money is not more plenti-
full that ever,
Bamberg is one of the smallest
counties in the State, with approx
imately only $4,000 inhabitants, men;
women and children, both white and
black. Yet with our smallness in
these details there is on deposit in
the eight various banking institu-
tions of the county the astounding
sum of s2,041,116.20, or an everage
bank account of practically s113.50
for every single individual in the
county. That is really remarkable,
but something even more gratifying
about these figures is seen when we
compare them with the figures on the
tax books of the county. The total
amount on deposit exceeds by more
than half a million dollars the en-
tire valuation of the county's real
estate as returned for taxation and
exceeds by considerably more than
two hundred thousand dollars the
total taxable value Of all ptrsonal
property throughout the county. The
total taxable value of all personal
in the county as shown by the books
of the treasurer's Office is 81, ,791, $50,
while the real estate value is ST.
516.S0O. Thus it will be noted that
the money on deposit falls only
slightly more than million dollars
short of equaling the combined
wealth of the people of the county
in both real estate and personal prop
erty, which is s3,308,430. The de-
posits are daily climbing higher and
higher and from the present outlook
will shortly reach the figures repre-
senting the whole wealth of the coun-
ty in both real and personal prop
erty.
Not only are>the figures as whole
greater than ever before, but each
bank shows larger number of &C
counts and a larger amount on de-
posit than at any period heretofore
since it's organization. The Bam-
berg Banking company leads with
deposits aggregating over half a mil
lion dollars, while the Bank of Den
mark only fails to reach that mark
by something less than 100000, and
there are several others which DID
fair to soon attain these figures. The
amount on deposit in each OF the
county's eight institutions When thelr
recent call statements were publish
ed as follows: Bamberg Banking
Company, s52s,s12.oe; Bank of
Denmark, s4o2,S05.33; Citizens Ex-
change Bank of Denmark, $232,s73.-
13: Farmers and Merchants Bank or
Ehrhardt, s215,1s0.s5; Peoples
Bank of Bamberg, $1SS,97S.6s'
Bank of Olar, s143,7S0.57; Ehrhardt
Banking Co., s1ss,s1S.7S, and the
Enterprise Bank of Bamberg, $685.
1865. A later statement OF the
Peoples Bank, published today, plac-
es he'present deposits in that instltu-
ton at over ,s239, 900, and we under
stand that the other banks OF the
city have substantially increased
their deposits since the call statement
was published.
These figures not only denote the
,.--o,,iyoposs and DrOSDer-