The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1919-01-03
WEALTH OF MAURy
COUNTY INCREASED
S4,000,O00 BY WAR
AMAZING REVELATIONS OF FL
NANCIAL POWER AT MAURY
NATIONAL LUNCHEON.
CELEBRATE 18TH ANNIVERSARY
directors, Officers and Staff OF Instl-
tuition Enjoy Spread at Bethel
House and Rejoice Over Prosperi-
e.
Wednesdays Daily Herald

Celebrating the 25th anniversary of
the Maury National Bank and the
close of not only the most prosperous
year in the history of the bank but
also of Maury county, the directors OF
that institution were given a luncheon,
which took on the proportions of a
banquet, Tuesday at noon in private
dining room of the Bethel House. At
the annual meeting of the board OF
directors of the Maury National Bank
preceding the luncheon semi-annual
dividend of six per cent was declared
and the Maury County Trust Co.,
subsidiary, declared semi-annual
four per cent dividend.
That Maury county is more than $4,-
100000 weather. in cash and govern
ment securities now than it was when
the world war began in 1914, was the
amazing revelation of j. F. Brownlow,
cashier of the bank, in a short talk fol-
lowing the Tepast Others who spoke
maintained the same evidence that the
county is more prosperous today than
ever before.
Following grace" by Hon. G. T.
Hughes over the plenteous and ex-
cellently prepared menu of turkey and
appetizing side dishes ending with de-
licious ice cream, President c. A. Par
ker opened the flood gates of optimis-
tic oratory with the assertion that the
twenty-fifth anniversary through
which the bank was passing marked
the most prosperous in it's history.
Credit for this gratifying showing was
given by him to the board Of directors
and the efficient force of the bank.
Increase In Wealth
Cashier Brownlow took this as a cue
for his amazing revelations of the
wealth of Maury county, saying that
% years ago and up until the
beginning of the war the best bank
er in this city was considered the one
who could turn down the most re-
quests for loans without making any
one angry, because there was not
enough money in the county to oper-
ate the normal volume of business and
the banks were constantly being COM
PEELED to borrow money in order to
supply their customers. But since
the war in Europe began, he continu-
ed, the people of Maury county have
been so prosperous that the banks are
now not only able to supply all local
demands but are investing money in
commercial paper of other places and
the Maury National Bank could have
made an additional dividend declara-
ton of from $4,000 to $4,000 if 1t had
chosen to take advantage of its op-
portunities elsewhere. But this was
not done because of sense that it
was the duty of every bank to take
care of itself during the war without
profiting from the circumstances of
others.
Revealing figures on the financial
conditions of Maury county Mr.
Brownlow said that in August, 1914,
when the European war began there
was on deposit in the nine banks of
this county $1,66S,47254 and when
America entered the war in April
1917, there had been an increase of 81
per cent, the total deposits then be.
ing 81, 104, 05465. But this splendid in
crease was still to be exceeded in the
following q months during which the
deposits not only increased to $685..
237.37, or 10 per cent over 1914, but
the people also acquired $4,000
worth of government securities con.
sisting of 81 500. 900 in Liberty Bonds
and 100000 in War Savings Stamps.
The Maury National Banks part in
the distribution of the government sec.
urities was given as follows: Anglo
French bonds owned throughout the
war, $4,000: Liberty Bonds owned
and sold, S491, $50; t. S. treasury GER
tificates held temporarily, $3S5,O00; U.
S. treasury certificates now held in
anticipation of the the Fifth Liberty
loan, $4,000: War Savings Stamps
sold. 100000 Total. S1,046.S50ln
addition to this financial aid given the
government, this bank also assisted
the business interests of the country
by placing $25OOOO in commercial pap
er outside of Maury county.
Forecast Of Future
Mr.. Brownlow gave a most optimis-