The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-01-18
The Farm and the Farmer
BY William r. Sanborn

$50 far as the business of our bank
in 1921 is concerned, as compared with
that done in 1920, we have no cause
to complain" said NJ. H. Pence, cashier
of the First National bank at New
Paris. 1T was, in fact, a profitable
year, and the new year has started
off in a satisfactory way. We paid our
usual dividend of per cent, in semi
annual payments, and in addition paid
the taxes on our capital stock, free
to our stockholders, the total equalllng
practically an s per cent dividend Low
prices for farm products cut the farm
ers' receipts, of course, and this &c.
counts for a slight decrease in our
average deposits at the end of 1921
The loan account was very satisfac
tory, and our customers were taken
care of as usual"
Mr.. Pence stated that New Paris
is on the edge of the Preble tobacco
district, and that comparatively little
of the weed is marketed by First Nat
ional customers, so that deposits fror,
that source were light, compared with
the tobacco money received by nume:-
Jus udI1hS III Int equity, Ill Tie CtIl-
tiers of large tobacco acreages. On the
other hand lot of feeding is done
around New Paris. Comparatively
few cattle, but at least the usual mum.
Der of hogs, possibly more, are in the
feed lots, or have been fed out and
shipped he said.
LosantViIIe State Bank
F. H. Thompson, cashier of the Far
mers' State bank of Losantville, says
that their deposits last year averaged
up pretty well with those of 1920, anC
that the business done was satisfac
tory, general conditions considered
The loan account called for consider
able money and could have been still
more enlarged had that been thought
best" he said. He thinks that about
the usual number of hogs are on feed
for the season. but very few men have
cattle in their feed lots at this time
Farmers were offered 81 cents for corr
| on Tuesday, he said, but as they most
ly preferred to feed it, very few are
selling.
Reported from williamsburg
eve had a very profitable year
said c. E. Fulkerson, cashier of the
Farmers Banking company. at Hol
lansburg, Ohio. Our deposit anC
loan accounts did not differ greatly
from those of 1870, it's true, but oul
i business in 1921 was very satisfactory
figured as a whole. The demand fol
money resulted in the renewal of 6
| number of notes at the end of the
year, but we are probably not ex
Ceptional in this
Mr.. Fulkerson said that there seem
ed to be plenty of hogs up his way anC
that farmers are mostly marketing
their corn by way of their feed lots
mo change was made in the officia
board of the bank at the recent cleo
ton" said he.
Business at Lynn
Our merchants reported a very goOC
holiday business" said o. J. Pierson
the banker at Lynn, land this was
reflected in their business at the banl
Tin that season. Taking the year as {
whole, while the banks business was
profitable in 1921, our deposits did not
! hold up as well as we had hoped, large
ly, no doubt, because the farmers solo
whatever they did sell at low prices
compared with the previous year" Mr.
Pierson believes that the last croI
of pigs is now pretty well marketed.