The press and standard. [volume] (Walterboro, S.C.) 1890-current, January 22, 1919, Image 8
» 1
•v
PAGE EIGHT
The Press and Standard, .Walterboro, S. C.
Wednesday, January 22, 19Ilf,
tfN^ANK." (
mrASWtOSPKREI)
f 7. * •
> ¥.Xaca^ Retire^ as Ptew-
dent of CoOetM Banking Co*
‘ ,1 **.• _ •
• It L. Fraser Successor.
• r w»-
re GtMct V T
f , - ,8T NATIOWa^BANK '*
AT WALTKRB«RG^= - e*
iq Sorlh ctrolma, at lto« close of Irurtnea^Oft Dec. -21, 191S.
US»rt»r fia.m**-
■ ’*>.<'') f S*-Zr
C{: \
■ t rmj«p ' 171
■K»i <
It,-
tfce atockhoWera of the Colleton
fyiBaakJac Company bed their annual
meetlna at the ofSee* of the bank
and the report of the director* ah6w-
«d a moot proeperou* year^ Thl*
hank was the first established In
thin county, and ha* a record of »uc-
‘ cessful banking for more than a
tipajj aqi iJnjoej « ;o j»M«nb
tor thl* large and continuous »uc-
I* due to the eommandlng ani
Luca*, who ha* »>een it* president
fince it* organiaatlon and to K. L.
rraser. who ha* been it* courteous
..nd efficient cashier for twenty-nce
-^On accoiint of hi* advanchlk yeaf 3
. Ui. 4«lr. to h.'V moro llW tor
hi* personal affair*. Mr. Luca* re
Otieeted hi* board -and hi* btock-
hold. r* to relieve him of the pre»i-
_ i^ncv and recoin mended a* hu
s'lcceeaor hi* faithful and lo > al **'
-Mant and fnend. B. L. Fraser. The
dlnecfor* finally, but-with great re-
I stance, consented to accede to Mr
• Luna*’ reuueet. aa <* ^ J
t naniniously elected in hta pince.
John F. Luca* is one of the eom-
uandim; flctire* in t h ‘*
«tate He has devoted hi* .entire
life to the. up-building of thl* coun-
• ty and the establishment and^mam-
„ nance of a hTgh standard of bu*.-
honor and integrity. Hi* bank
;i?been at the head of the bank*
„f honor in South Carolina f® r
>ear*. I» ha* always been knoF"
W it. safety, strength »«»<* the
>»acredne*H and privacy of .
„ transaction. WhOe Mr. Locaa ha*
neen relieved of much responsibility.
,et he wdl still have hi* office in
ti,* bank, where hi* friend* and pai •
,«n* may Bod him at any ime. Al-
ibouah the board was willl * K .V*
eomply with hia wishes and
r#d him to retire from tbli portion
of respontdhillty. they I will •till
i>ave the benefit of hi* advice and in-
liuenee in the affair* of the bank
Mr. Luca* could not have had
more worthy successor than K. L
rraser. His promotion to the presl-
j* B e> - i* highly deserved. His
-friend* are congratulating him upon
Ms promotion.- He is familiar
;d! the affairs of the bank and
counts a* his personal friends all of
N* found always reaffT"ki»d wmtn.
to serve ' ^
T I* Murray, who has been tn
taithful employee of the bank for
five vear*. has also been promoted
ills position nbw being assistan
cashier and teller Mr. Murray is
^ .on-in-law of Mr. Lucas, and is
a young man of great promise. He
. »* courteous, polit*. accommodatin-
i nd competent ? , .*
W L LbCi.* another . faithf u
worker of the i.ank will retain his
position and sill always be Joun.l
,.ad> and willing to serve where hi -
-•Mice, is needed. •
The stockholders leel tiiat wit *
Mr Fraser. Mi Murray and M
^ t.ncas tlie af^rir* of the l»ank will
,«untinue to prospe; as in the past.
H'W mark . president of tin
’.Saitetbuj." Live. Stock and Whirl-
c'ompanv. and prominent
ebant was r*-elpc«*d vlr ‘‘ Fr*‘^>»»* , nt
’ ..rd the bank *11) Continue to have
ih. benefit his sound advice and
,.»«>d judgnivoi in nil matters p*r-
tiinin- to the, welfare of the insti
tut ion . *
Paul Saudeis./>» UfMer presidin'
Vit Hie Colleton Mercantile M«nu-
facturinu Compaay. was re-elected
on the Hoard of Director*. Th«'
'repiiiatbm uf Mr. Namiers as a suc
cessful business man is well known
throughout the county. He is :mi
" a postle of modern, up-to-date met It
.*•1^ ot fainting, slockraising. jruck-
ng. lumliertng and merchandlsin
.,nd is doint. a graat work in build-
in. up the community in which he,
lives. / ’ 1
K l. Fraser and James K. 1’eurl
u*\, together with H. NN lUack, Jr
.ml .Paul' Sanders, constitute tit-
boi.rd of directors
\mong the matters worth* Of
note is the fad that the Colleton
Hanking Company has responded to
every tali of its cojintry. not onl>
m'the purchase of Liberty Homls.
, War Savings Stamps. Ked Cross anti
Pnlte,| War Work, but it has been
. one of the few banks in this part
-fit She State that has purchased V.
S Treasury Certificates at the re-
4,iie*t of the V S Treasurer to as
«;st in paying the obligations incur
red by the war. It still stand* a
Gibraltar of strength and is read'
to serve the best interests ot the
roiiiuiuntty'and of the nation.
In order to meet the continue!
. nd larger demands upoh it the di
vectors have recommended to lt«
-lookboldfirs. an increase of capital
to ir.O.Otm This Tecommendation
will Ik- voted t>n at a meeting of th.i
-11wkhold•-1* in lie i ailed .within a
■ -hort time, and h is believed they
will ••ndur.-i the i •■co in me tidal it *n o!
the siockholders; ^ and tiiat before
'another piopth tlie Colleton fftank
mg Company’s cspital wilt be in-
ereased to I50.WO0. and will also
have a substantial surplus. When
this is done *>10 1*>\al friends of the
bank will no doubt be enabled to
purchase some stock in the institu-
•ion which heretofore they have no!
- J>een able to get.*
It will he interesting to recall the
, .,fact that the Gotleioo Hanking Com
DM)' was the successor to the W*l-
utrboro Loan and Savings Dank
which was established in 1891—27
pears ago. It was the pioneer in
bonking in this county. John F.
Loots was president and Col. A. C.
fcaord 'was canhler. \V. P. Murray,
A. C..Ahaffer, «' K. Sanders. E.
1A Flocken, Ei-Oov. 0. C. Heyward.
' Z " RESOURCES
1. a Loan* and discounts (except those shown
in b ant!'f• ».•••• . •. ... •,
d Notes anc bills rediscounUd (other than
M)W GOING ON AT
bank acceptance* sold (seweRea* S7ai....
Oierdralts, tecured $.; unsecured $1,797.90
20,814.90
$235,861 95
1,797.90
a U. & Bonds deposited to secure circulation
25,900.00
25,900.00
a Liberty Loan Bonds, 3 1-2, 4 and 4 1-2 per
i'4*nt unpl^ciiittl ••••#• •••*•• ••••••*•
d Liberty Lean Rond*, t 1-2, 4 and 4 1-2
5,379.82'-
jH-r c«*nt, pied red fo M^ure State or other
deposits or biUK payable •••••• ••••••••
10,350.00
«
• .Payments actually made on Liberty 4 1-4
per cent bond* of the Fourth Liberty Loan
o ' owned ......
9. Stock of Federal Reserve Bank (50l per
cent^of subscription)
10. a Value bf banking house
b Equity in banking house
Hirniture and fixtures
Real estate owned other than banking house
Lawful reserve with Federal Reserve Rank
Cash in vault and net amounts due from
national banks ...... ...... .... ....
If. Checks on other banks in the same city or
town as reporting bank (other than Item 17)
Total of Item* 1.4, 15, 1**, 17 and Ih 141,575.64
20. Redemption fund with U. 8. Treasurer and •»
due frtm L*. lv Treasurer.
U,729>J
ON ACCOUNT OF THE LOW PRICE OF COTTON WE HAVE DECIDED TO SELL
OUR MEN’S SUITS AT A VERY LOW CUT PRICES.
2,300.00
11.
12.
13.
15
U50.9C- £
2,300.00
2,465.00
67 6.98
14.04S.2"
MEET ME AT
37,019.7..
4.356 31
1.250.0*'
TOTAL $341,655.3')
LIABILITIES.
24. Capital stock paid in..
25. Surplus fund *
26. a 1 ndivided profits •••••••••••
’ b Leaa current expense*, interest and taxes
paid •
30. Circulating notes outstanding
34. Individual deposits subject to check
37. Cfishler’s checks outstanding ...... ....
40, Dividend* unpaid ....
Total demand deposit* (other than bank
deposit*) subject to Reserve. Items 34, 35,
36. 37, 38. 39. 40 and 41 ....$139,896.71
45. Other time deposits
Total of.Ume deposits subject to Reserve,
Items 42/^1%, 44 and 45 $121,371.60 ^
50. Allis payable, other than with Federal Re
serve Bank, including all obligations repre
senting money borrowed, other than redis
counts .
51. Bids payable, with Federal Reserve Bank..
25,000.00
5,000.00
37.0S
25.000.0u
113,126.97
14,269.74
J ll*.500.00
121,371.60
./
15,000.00
1 o',350.00
55.39
TOT AI • • .'...$341,6
57. Liabilities for rediscount*, including^ .those
with Federal Reserve Bank tee*. Item Idi
Total rentinten* liabilities 1 57 a. b and c» 20,814.90
20.814.90
STATE OF SOrTH CAROLINA. County of Colleton, ss: .
I. M. G. Gruber, cashier of the above named bank, do solemnly
nwear that the above statement is true jo the best of my knowledge and
beUVf. M G. GRUBETR. Cashier.
Subscribed and sworn to bef«u«- me tbis^'th <,lay of Jan.. I9l9.
T 1*. Mi'll RAY. Notary Public.
CORRECT— \ttrst:
C. G. PADGETT. * ' '
JAS. E. PKI KIFOY ,
S N, HAWS,
- Directors.
\
FRANK’S
MEET ME
W-
Next door to the Express Office. ~ ^ v ' Walterboro, S. C.
By Buying here you will save money to buy War Savings Stamps.-
■M
S. FINN, The Optician
* * * v
/
• . • . • V . ■ /s _ ,M
in Walterboro
Mr. Finn came to Walterboro on Thursday, and has decided
*
to remain in town only for one week.
\
\
Anyone needing the services of a specialist in fitting glasses
or a new pair of spectacles will do w'ell to see Mr. Finn.
Mr. Finn will be at Dr. Bakers Dental offices. . .
Paul Sanders and F.. L Lemack*
were dir«ctors, J- Wash Smith was
cashier at one time, but was suc
ceeded by R. L. Fraser in 1693. In
addition to the above M. P, Howell.
Win. J. Fish hurtle, A. S.* Farrow.
James McTeet. John D. Wprr^n and
many others were prominently iden
tified with the original organization.
Through all ,!he changing condi
tions of more than a quarter of a
century, the Colleton Ranking Com
pany has stood a tower of strength
land safety harked by all the e\per-
.Jience of the past, and with larger
resources the bank confidently en
• J lent the new year with every assur
anev of continued success.
• ******•**«» * * * *
• CLASSIFIED ADS *
44*****4>***«*ftft*
FOR SALE ,
FOR S%I.K 4>ne tract of land con
taining f*(' ‘aero*. 20 clear** I
newly settled. 4>wt lling house ml
but liuildinss half the land wir».l
4 miles from Salkehatchie. Ap
ply to L. X. Stone, 52 4 King St.
Charleston. S. C . - 1-15.2>
FOR SAI.K —“TitehoW” cedar
shingles $7.5o per thousand f. ; .
b. ifitter, S. C. H. F Standfield.
Walterboro. S. C. R. 1.. 1.1’5-2tp
FOR SAI.K Cabbage' and Dee's
plants less than &;©00 - $2,001
5,000 to 9.000 $1 75;‘over lo.OOO
$1.50 pel thousand \ppl> t »
Fendei and Hethington Meggett.?
S. C. l>.4tp
FOR SALE Ford touring ra,r vn
g«M>d condition, brand new fuotnr.
also one horse wagon, used bo;
little, Apply to F. A -Rry«n. tf.
FOR SALE—One fine JerM'V cow to
freshen in late spring. Price
$85.00. Also one 1-2 red* Pol**
cow and yenng calf, price $65 00.
;qt will sell the tw© for $165.00.
T. J*, Warren. Ruffin, S C 9e.* r
WANTED Good. sound country
corn for feeding delivered al our
mill. tjiiote prices.' Baker.
Moor* k. Cp., Salkehatchie, S. r
l.lw3t. ,
■ *
WANTED—A trustworthy and re
liable man for clerk in com mis,
« sary. Raker. Moore k Co. Salke-
, hatchie. S. C. 1.8-3t.
WANTED Highest prices paid for
chickens and eggs. Hotel Albert
12-1 l-9t.
WANTED. Will contract for two huH*.
dred and fifty acres walteruielons
at hundred dollar per. car. loaded
at Waltereboro. P. M. Varn.
MkNTED—The public to know that
we giAnd velvet beans, ear cora
in the shuck or anything grind-
able at Marvin’s Grist Mill, Wal
terboro, s. V. if.
SALESMAN WANTED— Lubricating
oil. grease, specialties, paint. Part
or whole time. Commission
basis. Men s wjlh-' < 'a r or rig pre
ferred Riverside Refining Com
pany, Cleveland, Ohio. . Itp
W ANTED—Good farm hand at once.
Apply to J. \V. Durham. Smoaks.
Route I. l-22-2tp.
W 4NTKD—An energetic and indus
trious man to take care of the
,Singer Sewing machine luisinc--
- in t4ih» c<unt> for a limited tiqi *.
with a chance; for promotion. N r o
figurehead* need apply. See Mr.
Paniottie at Singer Shop. 37 R.
R Avenue.; Waltyrboio. s (’. tf
WANTED
HUARDfcKM WVVTKD Alur Tf.-
ing up since my return from
Hampton. I am prepared to Uke
boarder* again. Home eon.
veniently located; penczial at
tention to 9r*paration ot meaU.
Hr*. J. L. Roger. 1.15-2tp
FOR RENT
FOR RENT—Two store roo*’is
one for garage and one for inor-
chandise. See me for particu'*
lars. C. Gregory. Walterboro.* tf.
LOST
Lt>*T:—One hound dog medium
site with black back and light and
tan legs large ears. Will wag
hia tal« If you call him Ruck. A
very liberal reward If found. Th**
dog strayed from Khrhardt try.
lag to get hack to Green Pond. S.
C where he wax mixed. Frank
H. Copeland. Ehrhardt. S C
1-15-tf. - . 1
lt*U b« 0 city store in (he coua* J
4*T* f » -Am 1,^ 4
I-2-3-4 features that Insure
FUEL SAVING
/'Note them carefully, and see if they are offered in any other range than'Allen’s
Princess, the famous economy kitchen ranee
11 “ ~*H. *- —
Practtcftlljr no h»at oacapM up tha cKimn.* * n<1 ****^’ ,r *“ *'*•1 do iMorty twico •• much work •• rv*f.
5 > «o^ «w I^lT m ; kM ** for ru.1 to do t— )oto .« mwp-
* > .Jt
Lost DOMlbU KmI. J *“**• ThH ,,a,ur * m *»n» »b*t the pma U kept heated with the
snfcsft
1 TW* f**tu»* me»nft that thc'pven ie kept heated with the
^ A1 htot like an ** V'**j n end •te»l at every point which retain* the
that the fuel fire*. “ “ -* l * ;7 ' afficiency from fuel, b;cau(o it rc .aina in *ran^e all the beat
Ranges
, We ace agents (o. i-nneew Ranges ami would like to sl..,w you these points Then
^ToTmeT"” i “‘ 3 ' ° ,her ' anKC in ‘° Wn ' anJ ^ lor yottrsclf why U is the go a"
Wichman-Brown Co.,
I/MT—One gold, double-case lars^
ladle* watch. Coca-Cola fob at
tached. Suitable reward if re
timed to A. A. Ketwdoa. Ruffin.
Route 4. % . itfk
y
I/MtT—A pair of apoetacles betwoeq
Drawdys and Ritter, gold rimmed,
double glnaa and tfl black holder.
Reward If returned to H. V
Crosby. Ritter, or The Pren* and'
Standard.
I/»T—Notice ie hereby given tha)
dipoeit book no”781 of Colleton
Banking C©. 4 Savings Department
&na been loot, and I will apply for
duplicate. Dorothy Hope Wal.
Up* rerbero, 8-. C* * . .
. • •