Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1922-10-02
Rank HEADSSEE
GOOD BUSINESS
DURING WINTER
Price OF Cotton, IF Maintained,
VIII Keep General Market
Tone At High Level

D"l,N r1....,b H. ~
end oa'0io"y u '','
three Amencus banks lhoiFa'e that
this section, from d financial view
noint, is in much better condltion
iban il was a year ago.
The Planters Bank shows an IN
crease in its capital stock OF $3o'o0O,
which was taken from surplus, ana
which brings the total capital stock
at present up to $lD0,0O0. savings
in the Planters Bank amount to
S125,000 and time certificates add
$99,500 to this, making a total OF
$249,0Q0 as against 4Z28,OoO a year
ago; a marked increase III the saw
ing department. Whlch IS, accofalhS
to observers, one OF the best lhalca-
tions Of the prosperous condition OF
community Where people were
withdrawing savings accounts IL
months ago, they are now opening
new ones or adding to their old
ones to a marked degree.
Money at the present time Is also
plentiful and the loans and advances
on cotton are not so heavy this year
as last and deposits IN the Planters
Bank are 100000 more than they
/ were year ago. Deposits III l92l
aAyefe $l,l59, 1886, IN 1922 at about
the same period, September 25th,
I they had jumped 100000.
E There has been an increase in de-
poslts' IN savings accounts and there
has been q complete reversal Of the
IedScount items in the case of the
Bank of Commerce notes to the
amount Of $7711O,O0 showing on
oeptemoer, 1921, statement as re-
discounted having been completely
wiped oft the 1922 statement,
The Bank of Commerce has no
savings department, but it's general
banking condition shows it to be in u
particularly healthy state, as refer
enee to the deposits as against the
resources, as shown in stocks e. and
oooo$ will indicate. There is on
deposit $9l78OG.86 and the bank
SHOWS in governments and state bonds,
O''0'4'l4'
Council Optimistic
Lee g. Council, of the Planters
aa pa,In' IS IN very optimistic mood
'0nceffing the fall and winter busi-
ness 5 conditions. During a recent
,ls'[ IN the east he had an oppor-
'g'',y to discuss the situation, partic.
u!arIy as it affects the cotton market,
',I. gI'a men VINO are an authority on the
,'OJ'''' and ne brought back with him
very definite belief that cotton
;s would reach much higher price than
,r., r 'Sgnl ieVei during the year,
"o -' d possibility, now very vivid, of
'0.yeQt ct cotton,
n am very well satisfied with the
S,oeTa, G business outlook" said Mr..
t5o n'ay;. n.y.; Monday and l believe if
rn nS !. 2Iice e of cotton continues to hold
car%i.: P S;s oo0c5 will be in a good, sound
i ,o'S5o4 nnos,t, with 500 crop, and it
f, f. probable that we will have that
] cottn.L n present indications, the price of
] %S,0n will Is going to hold up and that
/ sso+;a,I c. mean added prosperity to this
''''.o9 10 and to the South generallv,,,
rrsni' ''e'a eI Sees Good Business
4 BsrE 'as as 9oetfleid, president of the
0i..;. > ol Commerce, is likewise opti-
4 nor.b w.t. regarding the ensuing business
\ Jlrt;nS' J;.'s' and while he made no pre-
+ s'S,'oos 5r on concerning conditions, he let
o. De known that he considered 'i' buSi' 81
1,ss I,l IN much healthier state te 'u9i, this