The Laurens advertiser. (Laurens, S.C.) 1885-1973, March 10, 1920, Image 12
'No. 10869 Beport of Condition of t
FAlt1ER SNATIONAL HAN
At Laurens, In the State of South Carolina, at the close of busiuess on Feb.
ruuary 28, 1920.
RI0SOURCE8
Loans aud' discounts, Including rediscuunts .... ....$464,987.80
Notes and bills rediscounted (other than bank ac
ceptances sold) .... .... .... ..i.. .... .... .... 57,929.61 $407,058.19
U. S. Governnent'securities owned:
Owned and unpledged .... ............................ 6,800.00
Securities, other than U. S. Bonds (not including stocks), owned
and unpledged .... .... .... ..... .... .... .... ..... ... . . 2,600.00
Stock of Federal Reserve Bank 050 per cent of subscription) 1,800.00
Furniture-and fixtures .... .... .... .... .... .... .... .... 2,354.53
Lawful reserve -with Federal Reserve Bank .... .... .... .... 12,936.36
Cash in vault and net amounts due fromn national banks .... .... .21,069.28
Checks on banks located outside of city or town of reporting bank
and other cash items .... .... .... .... .... .... ....... . 08.83
Jnterest earned but not collected-approxiniate--on Notes and
Bills Receivable not past due .... .... .... .... .... ..... 1,200.00
T otal .... .... .... ...- .... .... .... ... . . .. .... .... $456,127.18
LIABILITIES
Capital stock paid in .... ....................... ..... .... ....$ 50,000.00
Suuiplus fund. .... .... .... .... .... .... ...... ..... 17,500.00
l'ndivided pr)fits .... .... .... .... .... .... ....$ 11,540.47
Less current expense, interest, ait( taxes paid . . . . 5,464.08 6,076.39
Interest and discount collected or credited in advance of ma
turity.' And hot' earned--(approximatc-.... . .. ... 4.000.00
Cashier's chcks on own bank outstanding ................ 1,743.18
Demand dePojsits (other than bank deposits) subject to Reserve
(.depor'ita payable within 30 days):
ihdividual deposits subject to cheek. .... .... .... .... .... 188,018.22
Certifloates of deposit due in less than ::,0 days (other than
for ioney borrow -d) .... .... .... .... .... .... .... .... 20,264.02
Dividendt- unpaid .... . ... .... .... .... .... .... .... 376.00
Total of demand deposits (other than bank de
posits- subject to Reserve .... .... .... ....$208,658.14
Time deposits subject to 'Reserve (payable after 30 days, or sub
jetft to 3(0 days or more notice, and postal savings):
Certidinates of deposit (other than for money borrowed) .... 86,145.08
Other time deposits .... .... .. .... ..... ....... . ... 80.721.61
Total of tuine 'deposits subject to Reserve .... .... .$166,866.69
Liabilitiesf other than those above stated .... .... .... .... 1,282.67
Tota) * .... .... .. . . . ... .... .... .... .... $456,127.18
Liabilities for tediscounts, including those with Federal Reserve
.Iank ........ .... ..... .... .... . .... $ S>7,929.61
Atate C: South Carolina, County of tLaurens.
I. Clyde T. Pranks, Cashier of the above-narned bank, do solemnly swear
that. the above statement is true to the best of my knowledge and belief.
O4YDE T. FRANKS.
Subscribed and sworn to before mie this 8th day of March, 1920.
C. 'A. tPOWEMR, C. C. C. P.
Correct---Attest: J. S. Machen, M. J. Owings, C. jE. Kennedy, Directors.
.No. 10605 Report of Condition 'of the
ENTERPISE NATIONAL BANK
At Lanrens, in the State of South Carolina, at the close of business on Feb.
ruary 28, 1920.
RESOURCES
Loans an d discounts, -including rediscounts .... .... .... .... $548.281.62
U. S. Government secufities owned:
Owned and unpledged .... .... .... .... .... ....'$ 23,900.00
War Savings Certificates ankd Thrift Stamps actual
ly o~vhed.... .... .... .... .... .... 846.00 24,746.00
Scurities, other than U. S. bonds (not including stocks), owned
and unpledged ........ ...............................,000.00
Stock of Federal Reserve Blank (5(0 per cent of subscription). 3,750.00
Value of banking house, owned and unincumbered .... .... 22,000.00
Furniture and fixtures ..... .................................. 4,513.00
Lawful reserve with Federal 'Reserve flank .... .... .... .... 25.013.11
,Cash in vault. and net amwounit due from national banks .... .... 54,624.13
Checks on other banks in the same city or town as reporting bank 1,809.61
Total of above two items .... .... .... .... ....$ 56,4-33.4
Cheeks on banks located outside of city or town of reportt*
bank and other cash items .... .... .... .... .... .... :1,852.52
Interest earned hut not collect ed---apiroximate--on Notes and
.ills lteceivable not past due .... .... .... .... .... .... 12,500.00
T otal .... .... .... .... .... .... .... .... .... .... $694,090.00
'IAABAIiTJES
Capital stock paid in .... .... .... .... .... .... .... .... .... $100,000.00
Surplus fund .... .... ................................. .... 25,000.00
Undivided profits .... .... .... .... .... .... .... .30,026.33
Less current expenses, Intercst, and taxes paid .... 7,148.53 22,877.80
Interest and discount collected or credited in advance of =a
turity and not earned--(approximate) .... .... .... .2,500.00
Amount due to Federal Reserve Mank, including deferred credits 6,123.17
Cashler's checks on own bank outstanding . . .76.10
Demand deposits (other than bank deposits) subject to 1Iteserve
(deposIta payable within :10 days):
Individual deposits subject. to chock .... .... .... .... .... 253,32.23
QertifIcates of deposit due in less than 30 days (olier than for
money borrowed) .... .... .... .... .... .... .... .... 22,760.20
Dividends unpaid .... .... .... .... .... .... .... .... 205.50
Total of demand deposits (other than bank de
posits) subject to Rescrve .... .... .... ....$276,097.93
Time deposits subject to Reserve (payable after 30 days, or sub
ject to :0 (lays or more notice, and postal savings):
Certificates of deposit (other than for money borrowed) .... 123,7416.47
Other time deposits .... .... .... .... .... .... .... . ... 137,668.44
Total of time deposits subject to Iteserve .... ....$261,414.9 1
Total .... .... .... .... .... $694,090.00
State of South Carolina, County L i aureuns.
1, C. 11. 4(oper, Cas4hlier of, e above-named bank. do solemnly swear
that the above statement Is trtfl to the best of my knowledge and belief.
C. '11. HOPIIR, Cashier.
Stubscribed and sworn to before me this 8th day of March, 1920.
L. G. IAOILE, Notary 'Public.
Correct- -Attest: C. M. Keredy, R. M. Wasson, S. M. Wilkes, Directors.
No. 1065 2 Ieport of Condition of the
LAUREMS NATIONAL BANE
At Laurens. In the State of South Carolina, at the close of bISiness on Feb.
ruary 2S, 1920.
-RESOIIMCIE5
-Loans and discounts, Including redlAcounts .... .... .... ..... $316,857.38
U. S%. Government seenrities 4wned:
'Pledged as collateral for State or other deposits
or bilts payable .... .... .... .... .... ....$ 40,000.00
Owned and unpledged .................... 21,542.09
War Savings Certificates and Thrift Stamps actual
ly owned .... .... .... .... .... .... .... 844.%00 62,386.09
Securities, other than U. S. bonds (not including stocks, owned
and unpledged .... .... .... .... .... .... .... .... ..... 10,550.00
Stock of Fcderal Reserve Bank (50 per cent of subscription) .. 2,700.00
Value of banking house, owned and unincumbered .... .... .... 21,904.5f
Furniture and fixtures .... .... .... .... .... .... .... .... 3,489.00
Real estate owned other than banking house .... .... .... .... 15.00
Lawful reserve with Federal iReserve Hank .... .... .... .... 20,599.47
Cash in vault and net amounts due from-national banks . .... .... 63,044.13
Zheks on other banks In the same city or town as roporting bank 4,234.94
Total of above two items.. .... ......... .... .$ 67,279.07
T ota l .... .... .... .... .... .... .... .... .... .... .... $505,770.56
JIADTIATIPM
Capital stock piud In .... .... .... ............ .... .... $ no,600.00
Surplus fund .... .... .... .... .... ............ .... .... 40,000.00
Undivided profits .... .... .... .... .............$ 6
Less current expenses, interest and taxes paid .... 2.718.64 12,560.92
Interest t And discount collected or credited In advance of ma
turity and not earned-(approximate) .... .... .... .... 2,800.00
Net amounts die to banks, bankers, and trust companies it the
United Fstates and foreign countries .... .... .... .... .... . 2,084.72
Cashier's checks on owt bafk outatanding............... 7,221.37
Total of above two items .... .... .... .... ....$ 35,306.09
Demand deposits (other than bank deposits) subject to Reserve
(d(l;>osit.s payable within 30 days):
Individual deposits subject to cheek .... .... .... .... .... 1119d,784.35
Dividends unpaid .... .... .... .... .... . ... .... .... 76.00
Total ol demand deposits (other than bank de
posits) subject to Resemrve .... .... .... ....$1 99,860.35
Time deposits subject to Reserve (payable after 0 days, or sub
ject to :tt0-days or more notice, and postal savings):
Certifleates of deposit (other than for money borrowed) .... 61,055.05
Other time doposits .... .... .... .. .. . ... . ... ..... . ... 6,188.15
Total of time deposits subject to Reserve .. .. .. ...$126,213.20
lil s payaie, other than with Federal Reserve -Bank (including
all obligations representing money borrowed other than re
discounts) .... .... .... . ... .... .... .... .... .... .... .. 15,000.00
hillSnh. payabic with Federa1I Reserve Batik .... .... ... . .... .... . . 025,000.0
Total .... ... .... ..... . . .. .... .... .... .... ..... ...$505,77.5(u
State of S"otith Carolina. County of Lattrems.
1, .. J. Adams, !ashier of the above-nanei bank, (1o so('lmnly swear that
the above statenent Is true to the best of my knowledge and belief.
J. J. ADAMS, Cashier.
. :0cribe and sworn to before me this 5th (lay of March, 1920.
R. B. TVRsY, t.Yotary Public.
Correct ---Attest: II. K. Alken, C. .f. Miller, W. It. Richey, Directors.
ils -3Fate.
The young tman brought some verses
o his father. "Father, I have writ.
en Poems." "What! Let me see them
1ttantly." The father read them over
arefully, the tears slowly welling to
is eyes as he did so. Finishing the
ist one, he threw down the manu
cript, folded the boy to his br~ast and
obbed : "Oh, my poor, poor son I"
'Are they so haI as that, fathe r
Bad I They are excellent. They
eul poetry. My boy, my boy, you wil
tarve to death !"-Indianapolis Sti.
Some Rare Fruits.
Among the productions of the Philip.
dnes are two delicious fruits unknown
o the civilized world. Tle durian, an
arge as a cocoanut, contains a creamy,
ulplike delicious custard. Another
are fruit is the mangosteen, but the
xquisitely flavored liquid it contalla
annot be preserved.
Traits of the Grizzly.
The grizzly rarely hibernates, prefer.
Ing to prowl the forests in the winter
nonths. He is a meat enter, as well
s being fond of honey, roots and eggs,
nd usually kills his own food. Two
uhs come to the mother bear in her
en among the rocks, and she is in
aniely courageous in defelnse ofl' them.
Instantly
Relieve
oughs CosI Sore Threat
Formerly Tar Nalsm
It prompily breaki up coughs and cold.,
lears the head and reaches deep into the
hest where external remedies could hardly
e effective.
Ulsd for more than 40 years with splendid
esuks. .%
Delicious taste. Harmless to the most del.
'ate system. Absolutely non-narcotic.
Buy a bottle fnd take a teaspoonful
umediately. It will make you feel good
11 over. Your druggist is instructed to
efund your money cheerfully if it doesn't
#We you.
Sac at your druggist's. *
NEW
ST UJ
Carload of
yesterday and ar,
"Special Six" is ti
friends with ever
* Only by driv
self can you fully
tion of these carn
storm and crowd
Series 20 Studeb
We invite you to
motor cars-t4o test tl
way.
A five-.passenger c;
perfect balance an
ble-head motor is
its flexibility. Eq
shield with bollet
out
See us befor
F. A
PROCEEDINGS OF
THE LEGISLATUP
A REOOLUTION FOR OVERTIME
PAY KILLEO BY SPEAKER ON
PARLIAMENTARY RULING,
16 MILL TAX LEVY PROVIWEU
frhe Thirsty, Under %tate Liquor Law,
Must Content Themselves with the
Usual One Quart Per Month e
Columbia.
Feb. 27.-At the night session the
sense Bret considered the slatewlde
stock law which had been passed by I
the houme. It was passed with amend. a
I monts and returned. The amendmente a
provide that the law will not apply c
'to the aounties of Horry, Berkeley, (
Dorchester, Colleton and Jasper with. v
out eomsent of the voters.
The House.
Members of the house went home,
after a rather inactive day, adjourn.
ment having boon taken until Tues.
day Jght at 8:30 o'clock. Throughout r
the week it has been becoming more
apparent each day that final adjourn.
ment could not be had this week.
,The resolution introduced in the
house several days ago providing an
extra compensation of $100 fir each
mensber was swept from the calendar
on a parliamentary ruling.
The Senate.
March 2.-The senate finance corn.
mittee completed its work on the gen.
eral appropriation bill-and the bill as
It goes to the upper house eatries ap
propriations for state purposes of $6..
731.369.36. With revenue from do.
partmont sources, the committee esti.
mates that a levy of 14 mills will be
adequate. The 14 mill lovy does nol <
include the two mills for construction.
of hard surfaced roads nor three mill b
constitutional tax.
The House.
The house killed the bill to put into r
effeot the 18th amendment to the con.b
stitution. The purport of the bill was
to make fhe state law conform to the
federal constitutional requirements.
The state law nullified by the amend.
ment was for a quart a month, while
the provisions to carry the prohibition
law into effect allow a pint every ten
The Senate.
March 3.-An appropriation bill en,
rying exceeding $6,700,0000 passed thd
State senate without an amendment -
and without a fight over a single item. I
Only two inquiries were made con.
cerning items in the bill. Senator
Sheppard asked about the appropria.
tion of $46,264.40 for the college farm
of Winthrop. He was told that as the
funds collected from the proceeds of
the farm were turned into the state
treasury it was necessary to authorize
the payment from the state treasury
for the expenses of the farm.
Senator Lainey asked about the ap.
propriation of $5,380 for the South
Carolina School improvement associa
tion, whether or not it was spent on
rural schools or on city schools. Ho
was satisfied by the statemeont of sen
ator Blanks that the larger portion was
spent on schools of small towns and
sehoosa in the country.
The House.
The house sent to third reading the.
bill by Senator Baskin et Lee county
to abolish the state pension commis
sion. TPhe bill was amended though
to Petain the state pension commis
sioner and a fund of $2,006 is provided
to pay his salary and office erpenses.
Another amendment provides that
the classification basis shalU be on the,
physical condition as well as Lnaselal
status of the veterans.
The Senate.
March 4.-The senate passed the
house medical bill of Mr. Bernwell and
declared in unmistakable terms the.t
alt healers by whatever name known
must be examined by the state board
of med'ical examiners before being al
lowed to practice their art of science
or healing processes in South Caro
lina.
Soldier., Save Your insurance.
On June 30 over 600,000 ex-soldlir
will lose the otyportunity to renew
their goverilment insurance, according
to a letter from Grover F. Sexton, chief
of the field force of the war risk in
surance bureau. These men wore de
mobilized December 31, 1913. and
therefore in 18 months their reneltal
yeriod ends, in June.
Likewise, Mr. Sexton says. 2,600.000
men had been discharged by July 1,
1919, making anm addittional 2,000,000
to be reached by the war risk insur.
ance organization before D~eiember SI.
Meeting, Cotton Association.
J. Skottowr' Waninamakrer. president
of the Amenrica~n Cotton a':,'ciation.
announced that. the annual meeting of
the association, which was to have
been held at Montgomery, Ala.. March
912 . hnd been pos~tlponed uintil April
12-16. The convention will be held at
Mron tgKom cry.
..'. War:-vker n.id I hat the
change of date would assure absohnte
safety fron tihe danger- of influen-a
and wil'l cIease the attendance. He
said the indications are that thse at.
nannce wil cXvaan r,000.
SAVED ON FERTILIZERS.
Palmetto Farmers Saved Over $200,
000 Last Year by Cooperative Buy.
Ing and Home Mixing.
Clemson College,.March 5.-Some in
teresting figures in regard to the
purchase and use of fertilizers in
1919 appear in the annual ruport of
the Extension S'ervice. A total of
14,400 farmers yere advised by coun
ty agents in the proper use of ferti
lizers, and 367 farmers conducted fer
tilkter demonstrations under the di
rection of the agents, using a total of
1,663 tons for this purpose.
One hundred and one communities
were influenced to buy fertilizers co
operatively. The experience of these i
communities is a good illustration of I
what cooperation will do In dollars I
and cents. The quantity of fertilizers I
bought cooperatively was 20,935 tons, i
There are m
in our
that your wife has been I
We can tell you
In the prosperity that'
war won, you can well afi
offering we have to select fr<
Make your selection,
graved, free of charge; y4
the memonry of this yei
sweeter for you both.
NIMM OF
WSST SIDE COURT SqUARE
ARRIX
Studebaker "Special
e now being unloadi
lie sensation of the se
y purchaser.
ing the Special Six c
appreciate the me,
.Hills have no me
ed streets no obstae]
akers are not prepar
sit at the wheel of eithe
emn by your own method
TH-E SPECIAL SIX
ar of 119-inch wheelbase; ligt
d unusual power. It's 50-horse
most efficient and economical
uipment includes cordI tires,
-shaped cowl Jamrps, extenisioi
side and inside door handk(
e the present shipme
Phone 454
the value of which (actnal pi-ice ph
)y cooperative'ipurchasers) was $78 -
101. The saving accomplished
tiese cooperative purchasers wa.
,126,44.
Hloie mixing of fertilizers is one of
he most inijortant phases of Exten
ion work in regard to fertilizers. The
iumber of farmers advised and aided
n the home mixing of fertilizers was
.818, the estimated saving per ton be
ng $13.80, making a total saying of
80,288.40 over the purchase price of
uxed-fertilizers.
Another interesting item of the fer
ilizers as a top dressing in order to
,et more effective results.
The figures given in this report are
lot in any sense complete. Doubtless
nany other farmers unaided by coun
y agents bought cooperatively or
iome-mixed their fertilizers and saved
noney thereby.
WITH THE
qARS -ENDI-NG?,
B UY
PRESENT*.
any articles
stock
vanting for a long time.
what they are.
is inevitable now with the
ord to drop in and see the
m.
have it suitably en
.u will feel better and
ir of victory will be
yorir.... ,UY.Ir"R --N 4
LAURENS. S.C. I
=MN
ALS
K ER
Sixes" arrived
~d to-day. The
ason and makes
r Big-Six your
~hanical perfec
'nace, mud and
es for which the
ed.
of these powerful
i and in your own
t in weight with
power demounta
mnd is notable for
improved wind-.
1 tonneau lamp,
nt is gone.
LFR I