The Penn's Grove record., 1919-07-04
JERSEYS RICHES
RISE ~FABUL0USLy
Bank Deposits Show Large III
.Geases in Peoples Wealth
During Year.
Enjoy INCREASED PROSPERITY
Surplus Funds of Trust Companies,
SAVINGS Banks and State Banks
Increased From $31, 864,459
to- $685. 9o,9 s7.

to- $33,290,9 97.
Trenholm statement issued by the
state department of banking ana III
surance covering the period o Au-
gust 81, 1918. to May II last, shows
that the banking institutions OF the
state have enjoyed increased prosperl-
tv. their resources having increased
from SOB 32. 556 to S733,404 lbs and
deposits from S541,496 400 to S6l6,69',-
70S.
OF the total Il on May l.
trust companies held S503,S4S,SG9. Y
ings banks $1ST,372 800 and state
banks S42.1S3.26S. Deposits were DIS
tributed as follows: Trust companies,
s409. 514.072: savings banks, Sl12,Ih".i
313. and state banks, S~33,030,322. The
total increase in resources was $751;
472,172 and the increase in deposits
$75.201 ,307.
Surplus funds Of the three classes OF
institutions increased from S~3l.S6f,49s
in August, 1918, to $33,2@0,9Sl last
May. Surplus funds on the latter date
were held as follows Trust companies,
$1S.57a.633: savings banks. S12,913,'
s54. and state banks. S1.140,0o0.
Trust companies and state banks
showed an increase of S4l1.O3S. fhe
undivided profits of trust companies III
MAY amounted to S9.S31.714 and of
state banks $1,000, 704, a total of $10,'
SSS.476.
South Jersey Dryer.
4 large part of South Jersey, al
ready almost dry as far as the letter
IF the law is concerned, will simply
become dryer under wartime prohibit
ion. In the three lower counties there
| remained only seven bars to go out Of
business on July /. N in Cumberland,
'wo in Salem and four in Gloucester
county. For nearly a century this re-
ZION has beer the battlefield for many
movements by the foes of booze, and
ut II time there were from 70 to 100
licensed places in the three counties.
Temperance forces have persistently
ought and knocked out a bar here
md there until local option elections
n 1918 gave them an opportunity to
mt il. the finishing blows. National
prohibition will effect this region onl.
n that it will mop up the few wet
spots left and plug up the leaks. All
or the larger cities in these three coun-
ties have been dry for some time. and
The region will have to make few
.t.,.x,, 10 ,nnlitIet ifSalf fn tho fIrp
spell which will be cast over the en-,
tire country.
The hotels which have lost their H.
censes have been put to a variety of
uses since the bars were closed. y
number of them have been changed
into restaurants and soft drink sa-
looms. At Salem. Ford'S Hotel, an old
stand. has beef remodeled into a hos
Dital as a memorial TO the SoldierS and
sailors of Salem county. The Frank
lin Inn, GlaSshOro. the first place To
go dry in New Jersey under the local
option act OF last year, was closed for
4 time. but has since been reOpened
under different management as Il dry
hotel and restaurant.
The Newton house, ut Woodbury.,
was used for Il time for quartering
government employees from the Wash.
ington Park Bag Loading plant while
the war was on. 1t has recently been
sold and ii is reported that it will be
reopened as an eating house. French's
old hotel. at PennSgrove. about which
conferred such Il hot fight While the
powder boom vas on, has struggled
along as an apartment house and res
tauraDt since the Salem County Court
took away its license.
Foes Bought This Place.
The old Deerfield Hotel, in Cumber
land county, was purchased by The
temperance people of the community
as one of the surest ways of closing
this drinking place hat had existed
for nearly a century. Afterwards the
property was resold ut a sacrifice ant
with a provision in the deed that in
toxicating liquors cannot be- sold OF
the premises. 1t has since been con
vertcd into a dwelling.
Cumberland county has made thu
nearest bid to becoming the first "dry'
county in New Jersey. The large
cities. BridgetOn, Melville and Vine
land, have been without license for {
decade or longer under special char
tiers, which permitted them to taxi
periodic votes on the liquor question
The rest of the county was mad,
"dry," with the exception of the littl'
village of Greenwich, by militant NJ
license forces. which staged some live
ly. battles with John B%arleycOrn. On,
Of their hottest was waged to close VI
the bar at Port Norris, rendezvous o
the crews Of the big fleet of oyste
schoOners in the famous Maurice Riv
, err Cove. The historic old hotel a
Greenwich weatlrered the local option
ELECTION last summer. 1t is the onl,
l"wet" spot left in an otherwise en-
l A.I H. o.-v NIT HZl1 @AAl +!