University of South Carolina Libraries
Statenment of the Condition of the PEOPLES LOAN JtND. EXOJ0. BANK, Located at Laurens S. t., at the close of builness Marel' 5, 1917. R'ESOUllCES: Loans and Discounts .. ..$354,022.38 Overdrafts. . ...... 7,213.95 Bonds and Stocks owned by the Bank -........ 25,000.00 1'urniture and Fixtures. 3,250.00 Banking Ilouhe .. .. .. ...10,000.00 Due from 'Banks and Baik er . -.-.-.-.-.......20,R12.85 Currency - -. ...7,-7-1.00 Silver..-. - -.-.-.- ... . .35.00 rand Other Coin .. 2,253.63 Checks and Cash Items .. 1,25:3.68 Total .4..31,6.49 LIAB ITIMIS: Capital Stock Pa d In .. ..$100,000.00 Surplus Fund - -- .. .. 25,000.00 Undivided Proil, long Cur rent hxl)ensr ai- Taxes Paid -- -.- ..... 59,864.40 Due to Banks ap, Bankers 1,150.34 Dividends Unkhaid ...... '224.00 Inlividual DepoBits Subject to Check .. . .$121,831.26 Savings Deposits 17,930.14 Time Certifleates of De posit -. .. .. 105,026.07 Cashier's Cheeks 589.28 2-5,376.7-, Total ..9... State or south Carolita, Coutly of IsLrlns, ss: lcforie Inc einme C. W. Tune, Cash ier of the above iIlei \aowo, ban . lig dilly sworn, says that file above mnd foreg.oiig statennt is a true con. ditionl of said batik, as shown by the books o1 satid baik. C. W.I TNFt. Sworn to alid sutbs(cribed Ibefore me this 20th daIIv of .lareh, 1917. IA. C. .11a1ie, Notary Public. Correct. Attest: W. A. Watts, .1. W. 0(1dd, It. F. .JOlnes, Directors. Ntatetniit of tih he(ondition of the BANi OF ('1s1Ss 1ILI,, Loated at. ('ross ]fill, S. C.. st the (dose of busines% Malmrh 5 1917. ltl'S011I1CH65: '(1Sians and Discouts .. ..$170.923.87 Overdrafts- -.. .. . . 386.68 FitrtnitureiC aIdI( Fixlitres .. 1,000.00 allnkiig I lots- . ... .. ... 1,250.21 Pilo frot 11.an1ks and lan k-. .................... .2 .1. C7 Currency 2,215.0 Gold ....2.5 silver an1 Other Coin .. 29 1 .1 s Total.... 1LiAllJij 'I'i 16: Capit'al Stock I'ai In . . .I.I $ 5 (i0 Surplus F4ud 2 ent I-6Xpen(s nd Taxes 'aid . . .. ~.'.. .. ...i 7 72 Ind(ividua'l Deposits' subject to Cheek .. ..$l0,187.:;7 Time Certiilales of i posit .. .. .. .. 7, 0.;2 'Vidl!'s (Iteclis :.01's7: Toll.........$21iSI state of, Sout~h Carolina. CotyIi of I santenvhs, ss: Ib'fore nIe (.1me1 V'. 1>. .\alin, as ior of the above onanled baik, who, beitig dully swortn, says tht 1ihv above anId foreioing statemet is a rule con (litioln of "tid batik, as showt by ie books of aii bank. W. 1'. .\ARlTIN. Sworn to an11td iubsribe before tm this 171 t day of. Mareh, 1917. .1. K0. Ieaman,* Notary Pulblic. Cor-rect, AtteS: W. C. Itaso., Ill. B1. 1tasol', H. A. .\1,11in, Director. sNintementf of the t'ondition of the - P.L31F.T"I' RA.NK, Locited sit Laurens, S. C., at the close of lustiness 3Mnreb 5, 1917. 1)la 111 a Disco tils .. ..$179.375.9.1 O erdrafts .. .. .. . .. 2. 1 .97 Unntkinig IIoitse.. ........ .I.55.l Othier Iteal IEstat e Ownted ., 2,7 75.100 Crs..................8,8:7.58~ Currtency .. .... ...... 3-36 Silver and1( Other Coini .. . . 1,118.12 Total.. ...... .......$215r ,t:3.58 Capita1 Stock Paid i u . . .$ .50,000).00l Sur'pluts lunid . ..( . 1.. ) (0,00.00 I inilvi ded Pruollts, leb-stu Paid .. . .. .. 1,80.41) D)ue to IHanks anid ahn kers 2,039.61) diividend~s I'n tpid . . . 1 00.00 Ondividual Decposits SuibjectI to Check...$59,709.86 e ving- Deposits 28,108.36, o (Certiticates of D~e sit.. ......-16,508.71 itrs Cheeks 66.65 1341,39:3.58 ta .. ...... .......$215,93.58 ~to of South Carolina, County (of Laurens, ss: efore tme camie IL. . tHalile, a sh ier thle above ntamied batnk, w~hio, being Buly swor'n, says thant the above andi( foregoing statemient is a true condi(1 tion of saidi banik, as shown by the books (of saidi bank. S wornf to antd subs)cr'ibed before me1 thIs 20th day of' .\lt, 19)17. T. 10. Babb, Notary PublIc. Correct Al test : 11. IB. Terry, L. 16. Buri ns, Claren1ce Cunitinghami, D)ire 1ors. Yes! Lift a Corn Off Without Pain Cliniat iIuthiority tells how to dry' ppj a cortn or callus so1 it lifts ofY with Ilingers. need sutffer' no( longer. Wear the shoes that netarly killed you beOfore(, says this Citncinnti authiority, be'aiuse a few dtrolps or freez'/one til 10ie dtrectly on a tendcer', alching. cornl ort enlis. stops slorenents at loce anid sooni thle corni or hardened calluis hloosen1 so It canl beo lifted out, loot and1 all, wvi t t pain. A small biotle~ of freezotne stail ver'y little at any dru'ig store. but1 Afil ptosi Silvely take off every hard or soft corn or calltts. This should be Itriedl, ats it is inecxiponsive tand is said tnot to If yoiur dr'uggistt hiasn't any fr'eezone tell hIm to got a small blottle for yeou AI ohl tu5l1Oti ent OlsilsO4 pu uis Uoug AJOAG(it~~tfOU O~j 9~03 pul jjtOUII SUPERVISOR H DISCUSSE! The questio) of road improvement is one of vital importanne to our peo ple. The Commercial activitoe. of to (lay demand transportation facilities, without which natural resources, whether mineral, agricultural, or oth erwise, cannot reach their full devel opment. This is a day ofrprogr.cs 0n all lines and we have to progress with It or be left. Competition is keen in all 1ines of busineis. Labor prices, lule prices and living costs are mounting higher every day. The coun ty without railroads cannot compete with the county that lia them. Neith er can the county without improved highways compete successfully with the county that has them. Labor at 75 cents per (lay yields 25 cents more prollit thtan similar labor at $1.00. The feam hat carries four bales of cotton at a load Is worth two teams carrying two bales each. The farmer, who by reaol of his better roads haills two tons o fer'tilizer at a load gets his cheaper than Ili.s competitor who hauls one1 tol onl a bhad road,-which mean1s larger proitts. The had roads farmer loses the digereice In tle m(ud. lie loses tile differeonce on every load hauled. His teatin and wagon wear Olit quicker and Ile loses tile differ ence. lie has less time to prepare his h.llnd and loses the difference on the crop. Ills sectioll Is not Its at tractive to tile hom1e seeker, an(d lie loscs the difference in church and school mteilties 'and .in iominity, life. iis boy is attracted to more favolable sur'onildin gs and he loses the differelice ill Ills o' age bet ween comnpanlionship and loneliness, lie sells the farm at half tile price and hall,; lost the other half of a life timle's saving.-in thie mu11d! The idea of road bond Is inot new. The soilth is tle ast sectioll inI tle lln loll to begin tile building of improved roads, and Souith (' trolinla Is about theo last Iof tile Southern States. In all of the other Sotilhern States there ate 'nl1111cerous 1 1 couties th1at .have issled bjonds for roadIs, LastI year North Carollin Spent oil road improvelent the still] of $5.100,0011, Georgia coun - ti's spent1 $5,000,000, Texas Spent ap proxilliitely $20,0100,000, and will dou1 bl111111 It allolint. for 1917. Florida ill revilt years has s pentt $17,000,000 . Others 'ould o be namned, but slace for hids. The work ill all tl'se states sta1rted oil a sm1all scale, just a it is irinlug lw i l ou1t.h arolin1a. It Was iOulmd 1o pay in dollars and] cents , hellce the 11icrevased a onltils invested Iin roads. The counties lthat art, Im. proving tir a roads are increasing Inlm poplhtI lon,. inl Industri'es and Inl wealith and are rapidly outistripping others..,. The honld meth1od Is usumally adopted as4 fIrn11ishing the che1aplest mlonley and available inl larger Volume, m1ak ing possible tile eatlicr comple tioll of tile wor'k----a om1 plete system1I11 of highways cann11ot be built by drib ble1s. Intet (' on 1 tile bon~ds wold be at iroms - 1-2 to 5 1)er cent 11er annumtil, while loca'tl mn1ey' is wor'th S iei' cent. Thereoe l' thI( Ile load builIt with bilond 11n0ney is tile chleape(st r'oad. I have been1 askedi thle (11uestiol. '"Whaliit wIll bll my: Iat of' t his debt?'" A loan of $:h00,000 againlst thle flotail of $7,385, books gives thle talxpayer' w~ho assesses $ 1,000 of prioper'ty the 111m of $40.62 as his share of thle 10oan, or' Is share of' tile bond~s. Th'Ie Interest on1 tis at. 5 11er cent would~ be0 $2.03. if tile bonds(1 run11 30 years, then thle small sum11 of 62 cents annually set aside as a sInk ing fund and acciluulted at 5 per1 cent c0lIompound inlterest will 'pay off hlis $50.62 when01 due, givin~g Im~ a total aninual cost. of $2.65 01' about 2 2-3 mil1l1 tax. leor tile man who assesses $100 tihe annulal cost would ther'efor'e he 26 1-2 eents. Ti' s cnicuilat Ion is Onl tile longest termIl, and at tile Ighl est ralte of Interest possIble ulnder thle aet. Shlottid it be diecided to issute serilaI bends mtaturling in say, halt ever'y five years tile flgur'es 'Wouild vai'y slightly fr'om tile above. it is unrder'stoodi that tis aI aunft of mionley would not build1( hligh cinas roads ovgr' tile entir'e counl-. ty, but we believe. that b~y a juldicious distribution of th~e workl, Improve mlenlts of a permlanient chlaracter 'old be miade a't least 011 tile worst porltions. Cut the ipor'tant market r'oads of tile ('oun!ty, i whih w~ould be a mlatertial benlltt. A little stuIdy of 'onidit ions wvi1Il'Or vecal tile fact thlat Onl all ofr 1' ads111 there( atre sectionls that remiln comn parat'l ively goodi thiroulghtirut the13 yearI and11'1 wich wl'ith pr'operl'shiapin l u p and drlainage wold 50erve 01ur needis for some1 time11 to come1. it is tile bad see (jils 0of road~ thatt hhoul~d have first at t('ntion1, beeause thlese are tile sectIons 1er' policy to iput dlOWn a goodl typo of, (cnstruictlon 01n tile had sections (of al given r'oad, somlething as nearly 11er manlfenlt as5 possible, thlan to attemp lt to cover- the entir'e length of road with ebheaper work. 'Roadwork Is expenl sive inl propor01tionl to its durability. Theo money should be distr'ibuted to the important market roads of the dif UMBERT ROAD BONDS ferent sections of the county as near ly ni Posellji in proportion to the hmount of traffhl over same. Traflic being usually in proportion to popu lation, this would make tin equitable distribution to the different sections, giving each its share of the benefits. While the amount of bonds proposed would not amake permitent improve ment on the total length of ill of ou11r important roads, still if spent as above suggested it would prove a marked benefit to the county as a whole and mvould be money well spent. If. B. fIlUllBIRT. S * * * * * *e* * * * * * * * iiM.\DDEN NEWS. * * *' * * * * * * * * * * * * * * Aadden, .\lac 2ll 0.-Every day it secils thli war elotis grow iore and more theatening and the delige seeiis near. God grant we may be spared tle horrors of war! The ground still contiiles wet-too heavy to plow. We must live in a very hilg place however, for farm ers are Ilownlg only inl h igh places. Mr. John it. Finley went up .londay afternoon to the burial of his life long frienid, Ar. .1olin Wade Anider son. We were truly sorry' to hear of 'the death of this good man. Surely no one ever heard of as many sudden deaths as has occurr ed lately. "We are going, ever going Thick and fast like falling leaves." Alrs. Alay Al adden spent .londay with her sister, Airs. .1. A., \offord and they called oil .\rs. .lartii in the af ternooin. riends pf .lrs. Alaitin will be glad to h enar she is up after a sick spell of a I'w days. Mrs. Aollie Teagie spent par of' last week wilii lier nieces, .lesdaines ( . 11. an1d T. b . Finley. .liss Jessie 'Illompsonl came hioiine froin a hospital in Colilibia 'I'liursday iight .aiid is grttlig (nil very nicely. Al I. and Alrs. C. I'. siiley sp ;t i l day at .lt. Pleasant witi tle family of Airs. ). W. Filiey. lrieidst of1 the latter will be glad to know his wife is htifer and able to be inl tovn Alon day. Alaster .1. 1). ('ithertson ielbrated hisli 6th birthda) Suiinlay. .m\, andl irs. Silpson llajlv tild childrei and A\'s. Alollie Teagiie (ijoyed the diiinner. served by Alt's. 'uIiliertsoil fo the or easion. The family%. of At. %V. 11. 1inlgons 5 (nt Sittiday with Ii.-, iliothetr. AMr. T. S'. .1itagston. Our sympatly Is hereby exteilnl'l to Atr. llenry Wuamtio on the 'oith of his good wife, w!:o die'd stldl,-ahl\ .nst Salriiday md16 ii('nin at ir hoe im) Wa 1erloo. .. 11 inley. Several tarmner.-4 a r'T mn-i ler - .av'' iadl uip an ordie:- for' SpnI:ish, pmtanmis aii acre or' tuorhe. Slowly b3tut -orelvui farnmers ;are waking tup. The (hlapnin hoys uim' buh1.1 t anid arel inow enjioyin a tno lrd AMr. (Cliff Cnniinu ii anmd daugtier, .\l ss .itulia, of ('ross 11il1. werte recent visitor in our city. Al iss bidle ('tl bert"on. of Ekoim, joi ned thle W. 0. W. delegr tes hre .\tonday afternooni on their waty t: the conventioni at (Irneenwvood, wvhere a great time was awaiting theiii. * * * * * * * * * * * * * * * * ,* * FOWL'iER'S NEWIS. * * * *C* * * * C * * * * * * * C Fiowler's, AMareb 1 I.-F arin work is greatly imipede~d in this sect ion, so much cold weather and rain. Some cas~es of niensies here; othier wise the health is very good. Miss Etta llrowvnlee is in spartan burg visiting a sister, Mrs. Jo.03. Misses Grace Poole and Carrie Fowler returned yesterday from IIa. good, S, C., going there after at tend Ing the teacher's' meeting in ('olum bla, to visit Alrs. A I ton duiring the aveck-endl. Tihey' weirechamned withi the low country hospitality, its loming flowers, good iroads atnd its highly refinedl people. Mfendames R. L. SimithI and S. .1. t1urns have imprioved from recent ill - neSS. Mir. 'R. L. Smbih has r'e'ent ly ic tutrnled ftrom a hosplital in Stpairanhunrg. AMr. C.* H. T1ayior ila building a nice residencfle. Alts. TI. A. Drt imondl visited lieri mother t hIs week. \Ve have a large and tlotirishing sch')o! here. Thie c !lient and pains 'taking teacher, AMiss Poole's reord as a puipil of thle Confederate I lomne is a specialty of adlmir'ationi, and~ we nil F'eal ize thle valule of hier imeiritor'ious 'work. She and her pupils arec nowv prepaintg an excel lent progranmme, whlch will be rendered at the school house in the neat' future. Miss AMargaret Wolff of the Fleinsu ichiool, attendied the teachers''t meet jnsr In Columbia. Farmers of LIurens County Are deeply in -earnest as never before, we believe, about this all-important question of raising our own food and feed at home. Welare living in a year of rapid changes and new conditions that ai. e calling for deep thought and wise council for every man to work -out his own salvation. Prices of foods are already at a point never seen in this generation, and now with the United States a party in the great world war no man knows the food conditions and food prices that await us for. another winter. Would You Be Independent of Those Then Now Is the Time to Get Ready. How About Your Garden? Really now, have you ever given it the thought, atten tion, and care that you know it should have? Haven't you generally left it to the wife and children to look after? Yes, it's all right possibly till about July 1 st after which it grows the finest grass on that place. The wise farmer in Laurens this year will make his garden furnish his table with fresh vegetables all sum mer and canned vegetables next winter. Thousands of dollars have gone out of Laurens county this winter for Irish Potatoes, Tomatoes, Beans, On ions, Turnips, Cabbage, Canned Corn, etc., all of which should have been kept here if our gardens had receiv ediproper care and attention. Will this be repeated next winter? It will very likely take more cotton money to buy them next winter than it did this.. Set our own tables, fill our own barns---then all the cotton we can raise. Ask Clemson College and the United States Depart ment of Agriculture for bulletins on garden work. Depend On Us to Help Any Way We Can Peoples Loan & Exchange Bank Laurens National Bank Palmetto Bank Farmers National Bank Enterprise National Bank