Five Mile Beach weekly journal., 1921-12-23
NEW BANK AT PITMAN

lied at Pitman, the Gloucester County
camp meeting resort, with SlOO'OOO
capital. and a paid in surplus OF
500, 900. The national bank at P1tman
was organized about ten years ago.
The borough now has two banks. One
of the directors of the new trust com
pany is DR.. NJ F. Lummis, a son-in-law
of Jason Buck, of Anglesea. The fol-
lowing account of it's opening is taken
from the Elmer Times:
"Depositors to the number of l,OOI
rolled up a total of $140,596.55 IN
checking and saving accounts on the
opening day at the new bank of the
Pitman Trust Company on Saturday,
December 10, 1921.
The opening of the new bank was a
big event. Thousands of persons from
the town and from country districts
and other communities within a wide
radius crowded the bank in the early
morning until the last deposit was
marked at 10 o'clock at night.
Prominent bankers from all parts
of South Jersey and from Philadelphia
attended the housewarming at the
Trust Company's fine new quarters.
Among them was E. T. S~totesbury, the
widely known Philadelphia f%inancier,
who visited the bank during the after
noon and made a short address to pa
irons of the new bank who crowded
the building to the doors.
Thrift is a good habit to cultivate
early in life said Mr.. Stotesbury. L
began to save on my first job with
Drexel & Company, Philadelphia, fifty
five years ago. My salary then was
$1,000 a month or 5000 a year. Even
with this small pay l kept careful ac-
count OF my expenses. You may be
sure that Ididn't go to the theatre very
often; l couldn't afford it. But | man
aged to save something that first year.
My work and thrift attracted the at
tention of my employers and my sal
airy was raised to what then seemed to
to be a p~rincely salary, $500 a year.
Hard work, without watching the
clock, a determination to win what
ever you undertake hat is worth
while, and systematic saving are
among the strongest factors of sue
cess. l often slept in the bank at
night when l had a job that had to be
finished up. A bundle of newspapers
would make my pillow and 1 would
catch a few hours sleep by stretching
out on the couch before the other
clerks arrived the next morning. 1
never watched the clock
The Philadelphia financier compli-
mented Pitman upon it's new Trust
Company and it's beautiful new build
ing. He urged his audience to prac-
tice thrift. Don't keep your savings
hidden about the house. he advised,
but put them in the bank where they
will grow and where they will be safe.
Mr.. Stotesbury held an informal re-
ception after his address and also per-
sonally received a few deposits at the
~teller's window. He was introduced
by Daniel S.. Blackman, acting treas
urer, formerly with Drexel G Com
pany.
At a dinner for the directors and
stockholders served at the Hotel Pit
man Saturday evening, several bank.
ers were present as guests. About 100
plates were laid for the dinner. Mr..
Blackman was POSTMASTER. Among
the speakers were Wadsworth Crosse,
cashier of the First National Bank,
Woodbury.; ]. Hartley Bowenn Park
side Trust Company; Russell Nulty,
Ocean City Title and Trust Company;
Eugene Garrison, Mullica Hill Ma
tional Bank; Samuel E. Tombleson,
president of the First National Bank,
Williamstown.
Throngs of children stormed the
bank, having been invited by original
invitations sen out to them earlier in
the week. For a time the jam of
youngsters was so great that the bank
officials and directors were nearly over
whelmed. Great trays full of candied
apples on the stick were distributed
to the great .glee of the little folks.
There were also brightly colored fea-
Their pens, blotters, calendars, Their
mometers and other souvenirs. The
Trust Company officials say that more
than 1900 children visited the bank,
big parties of them even being brought
in by farm trucks from the surround
ing countryside.
In five hours more than %, 900 SOU
venirs had been distributed by four
young ladies in Colonial costume who
received the visitors in the main COR
rider of the bank. There were also
refreshments of lemonade and other
light drinks.
LAUNDRYMEN MEET AT CAPE MAY