The Laurens advertiser. (Laurens, S.C.) 1885-1973, May 11, 1921, Image 3
Cha rter No. 10869 - lieservo District No. 5
Report of Condition of the
FABIJlV8 NATIONAL BANK,
At Laurens, in the State of South Carolina, at the close of business on
April 28, 1921.
BESO URCES
'Loans and discounts, including rediscounts .... .... $419,011.52
Notes and bills rediscounted w-ith Federal Reserve
Bank (other than 'bank acceptances sold) .... 136,529.78 $282,481.74
Overdrafts, unsecured .... .... .... .... .... .... .... .....26.10
4Wl other United States Government Securities .... .... .....6,800.00
Other bonds, stocks, securities, etc ..... ... .... ......... .. 4,800.00
Furniture and fixtures . - - ---- .... ....... ... ... .... 2,354.53
Cash in vault . ... . .... .... .... ... . .... .... .... .... 5,803.00
Lawful reserve .with Federal Reserve Bank .... .... .... .... 19,816.09
Net amounts (ie from national banks ... ..... .... .... .... .. 4,166.15
Cheeks on .banks located outside of city or -town of reporting
bank and other cash Items .... .... .... .... .... .... .. 4,052.69
Total .................... ..'- * - - . - .... .... .... .... $330,300.30
LIA13ILlTIES
Capital stock paid in .... .... .----....--.............. $ 50,000.00
Surplus fund.-. . -- .... .... .... .... 22,500.00
Undivided .profits .... .... ... . .... .... .... ....$ 16,324.42
Less current explses, interest and taxes paid .... 9,626.40 6,698.02
Net amounts due to national banks ....--...---.............9308.55
Cashier's checks on own Ibank outstanding ..............,.... 61.09
Total of above two items .... .... .... .... ....$ 10,029.61
Demand deposits (other than bank deposits) subject to Reserve
(deposits payable within :0 days):
Individual deposits subject to check .... ... .... .... .... 67,367.78
Cert-ilicates of deposit due in less than 30 (lays (other than
for money borrowed) .... .... .... .... .... .... .. 12,252.32
Dividends unpaid .... ....- ----.--- . ..---..... . . . 360.00
Total of demand deposits (other 'than bank de
posits) subject to lloserve .... - - . ... . ... $ 79,980.10
Time deposits subject to Reserve ('payable after 30 (lays, or sub
ject to 30 (lays or more notice, and postal savings):
Certiileates of deposit (other than for money borrowed) .... 90,450.94
Other time doposits ....... .... ......................445.64
Total of time deposits subject to Reserve ....$135,105.58
1ills payable, other than with leederal Reserve Bank (including
all obligations representing money iborrowed other than re
discounts ---- -... .... ....... . ... 20,000.00
Hills payable with 'Federal Reserve Bank................. 4,500.00
Liabilities other than those above stated ... .... .... ........
Total............................................$330,300.30
State of Soutli Carolina, County of aurens.
I, Clyde T. Franks, 'Cashier of the above-named bank, do solemnly 4car
that the above statement is true to the best of my knowledge and belief.
CLYDE T. FRANKS, Cashier.
Subscribed and sworn to before me -this 5th day of May, 1921.
PHIL ). H1U11F4, Notary Publ.ic.
Correct-Attest: D. E. Todd, M. J. Owings, C. E. Kenuedy, Directors,
Charter No. 10652 Reserve Distriet No. 5
Report of Condition of the
LAURtENS NATIONAL BANK,
At Lairens, in the State of South Carolina, at the close of bushiness on
Airhl 28, 1921.
REWSOUR1CES
Loans and discounts, including rediscounts .... ....$320,268.91
Notes and bills rediscounted with Federal Reserve
Bank (other than bank acdeptances sold) .... .... 60,637.71 $259,631.20
All other 'United States Government Securities............ 1,000.00
Other bonds, stocks, securities, etc...... ....... -.... .... 3,000.00
Hlanking House, $21,9041.55; F'urniture and fixtures, $3,489.00 . 25,393.55
Real estate owned other than banking house .... .... .........5.00
Cash inl vault...........................3,730.77
Lawful reserve with Federal Reserve Iank..17,55.07
Net amounts due from national banks...................... 13,798.33
Net amounts due from banks, bankers, and trust companies in 1
the United States (other than included in above two items 2,653.56
Checks on other banks in the same city or town as reporting -bank 285.75
Total of above four items -. .... ..............$ 34,393.31
Checks on banks 'located outside of city or town of reporting
bank and other cash items .... .... . 1,034.17
Total .... .... .... .... .... - .-.--...... ---.-......... ....$343,188.00
.LIABILITIES
Capital stock pald in .'--.... . - - ..-...... ..$ 50,000.00
Sunplus fund .... .... .... ..-----. . -- ---.-. --.... .... .. 50,000.00
Undivided profits .... .... .... .... ....$ 12,968.05
Reserved for interest and taxes accrued .. 2,800.00
Reserved for Depreciation in Bonds ...... 689.52 $16,457.57
Less current expenses, interest and taxes paid .... .. 7,714.67 8,742.90
Not amounts due to national banks -. .... -.... .... .... .... 907.61
Net amounts due to State banks, bankers, and trust companies in
,the United States and foreign countries (other than above
item) .... .... .... .... .... .... .... .... .... .... .... 1,179.15
Certified cheeks outstanding .... .... .... .... .... ..... . ... 500.00
Cashier's checks on awn bank outstanding .... ..... ... .. - 10,108.50
Total of above four items .... .... ... . ... .. . $ 15,695.29
Demand deposits (other than bank deposits) subject to Reserve
(deposits payable within 30 days):
Indijvidlual deposits subject to check .. . ... .. . .... . .. . .....117,741.42
'-Div idends5 unpaid..'''...----.--.. -............. .0.00
Total of decmandl dlepbslts (other -than bank deC
-posits) subject to Reserve. .. .. .. .. .. ....$117,801.42
Time deposits subject to 'Reserye (-payable after 30 (lays, or sub
ject to 30o (lays or more notice, and postal savings):
Certificates of dieposit (other 'than for money borrowed) .... 45,544.98
Other time depJosits..----.'---..-.--.----...--.............4'5,403.41
Total of time deposits subject to 'Reserve..... ..$ 90,948.39
Bills payable, other than with Federal Reserve Bank (including
all oblIgations representing 'money 'borrc. wed other than re
dilscounts).-.-.-.-.---..--.--.-.--.-.-..-.-..-.-.....--.........10,000.00
Total..............--------'-------..-..- .......... ..........$33,8.00
State of South Carolina, County of Laurens.
I, Gleo. H1. Bilakely, Cashier of the above-namedl bnnk, (d0 solemnly swecar
that the above statement Is true to the best of my knowvledlge and belief.
(iiO. 'i1. BlllAKE'LY, Cashier.
Subscribed and swvorn to before mec this 5th (lay of .\lay, 1921.
W. R1. McOUJEN, Ntfary Public.
Correct-Attest: W. R1. Richey, C. M. Miller, J. J. Adams, Dircctors.
Don't Neglect Your Tires
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WE GIVE FREdE INSPECTION
We Build New I.ife in Old Tires
Rim Cuts, Blowouts, Rebuilding and Retreading a Specialty
City Vulcanizing Station
Oldest---Largest---Best A' ity Filling Station
OWEN BROS. MARBLE
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MANUFACTURERS~p
ERIDCTORS
Dealers in everything for the ceme
tery,
The largest and best equipped mnon
'1 ~ umental mills in the Carolinaa.
GREENWOOn., - - . C.
ALLIES STRENG'TINED
BY U. -S. MOVE
U. S. Acceptance of Place iI Counell
Aid to Allies ink Demands of Ger.
manly.
Washington, May 8.--Accoptance by
the United. States of the invitation to
have rapresentation on the couincils
dealing with world economic settle
Illents is regarded by some diplomats
here as strengthening the hand of the
allies in their dealings with Germany.
They also look upon'it as having clear
ed away much of any doubt that may
have existed as to the nttitude of the
United States.
'President Harding, in his message to
Prefiler' Lloyd George of Great lritain,
accepting the invitation, has made it
clear, these diplomats say, that the ad
ministration, while restating its deter
mination to abstain from participa
tion in purely European affairs, pro
poses that the United States lend its
counsel and aid in affecting the re
adjustments growing out of the com
mon victory over the former Central
powers.
The presence of American repre
sentativcs on the supreme council, the
conference of ambassadors and the
reparations commission, they believe,
will facilitate the settlements, and, at
the same time, aid in clearing away
any misunderstandings which have
arlsen between the United States and
the allies with regard to some of the
settlements, such as mandates.
As these diplomats view it, the situ
-ation is clearer than it has been at
any time since the Senate failed to
ratify the treaty of Versailles. The
allied governments are known to have
taken the position that an attitude of
extreme .aloofness by .the United States
would give encouragement to Germany
in resisting the domands made upon
her. They also are understood to have
held that the mere refusal of the Uni
ted States to transmit Germany's coun
ter proposals on reparations did not
quite meet the situation that had
arisen.
Intimations of leaders in the House
of Representatives that action on the
Knox peace resolution probably will
be delayed until the ipresent situation
overseas has clarified is received by
the allied diplomats as furnishing evi
dece of the solidarity of the United
States and its former associates in
tile World 'War.
Foreign affali's aire expected to oc
cupy some of the attention of .the Sen
ate this week and there are indications
that the acceptance of the allied in
vitation may come in for further dI
cussion. Senator TIarrison, Democrat
of Mississippi, is to call up his IWo
posed change in Senate rile to abolislh
secret sessions on treaties as well as
nominations, and the debate .is exiect
ed to branch into many avenues.
PLANS AE MAI)E
IN FOREIGN IiLID)E
Convention Unaiiiinmously Adopts Pro
gram for Coming Year.
Cleveland, Ohio, May 7.--With the
unanimous adloption of the foreign
trade program for the coming year,
as recommnend~ed by the general coni
voeition conmmittee, cop)ies of wvhich
will .be sent to 'President I lardling,
memibers of his cabinet, senators andl
congressmen, the eighth annual con
vention of the national foreign trade
councIl closed a four (lay session here
this mnorning. The rep~ort of the coml
mittee is a complosite embodiment of
all ulpralctical recolmmnendlations brought
forwar id by international experts at
the general and group sessions of t he
coni'ention. IEvery iphase of the world's
exiport business- credits, exchange
rates, taxation, tariffs, mercantile tma
r'ine, domestic transportation, 'oin
sullar service nnd other problems of
importers andl exporter's-is covered(
ini the report.
Hroad principles of which thme conm
ventlon imade declaration inc lude:
I nmmedlate creatLion of finanuclaI in
stitutions undern the 10dge haei to fa
cilita1te extension of long term for
eign credits and ,promote free ex
change of imports and~ exp)orts.
Economies in cost of p rod uction
until a stable balance of all values
of all commnodities and productive ef
fort ia established.
Red~uction of costs ini railroadl
transpmortation for dlomestic andl ex
port shipments.
10ncouragement and development of
tbhe Ameican merchant. marine, r'evi
udoon of shipping laws to place Aimer
leca on eqjual footing with foreitgn com
Il)etitioni and enactment of the ma-rine
insurance measure no0w pending in
congress which is characterized as "a
model urpon which uniform state leg
islation mnay 'he based."
Cr'eation of inter'n'aional machiner'y
to plrevent future violations of the
sanctity of contracts.
'rhe establishiment of national tr'ain
ing acadeimy as part of a r'e-organiza
tioni plan on the UitedC~ States foreign
serivice.
Enactment of the China trade act.
Aholitfon of double)1 taxatIon to ex
emlpt American investments In foreign
countries from domestic incomn tan.
FINAL SETTLEMENT (Itly provell .01- b( forever barred. nionli all and sigular the Kindred'
Take notice that on Clio 11ti day of G. D. iiA.llt. and Creditors of the asid J. P. Saxon,
June, 1921, %e will -renler a final ac- ZEII VANCE, eceased that they be and appear be
count f our acts a-1 dioings as 10xectu- Exectors. fore mc, in the Court of Probate, to be
to.rn of the estate :.sf G. W. lBabb de- May 1, 1921. l3-5t-A held at Laurens Court house, Laurens,
ceasedL , In the office of the Judge of ____of_________9___next,
Probate of Laurens county, at 11 S. Oi o 1 teIt (l1
G'clock, a. In. [ind on thc same day will Cittlon for Letters of Admiistration sifter publication hereof, at IJ o'clock
apl)y for a hinal discharge from our State of South Carolina, te have ovhy te said an
trust as 11xecutors. County of Laurens. they n wt e a d
Any person indelbteI to said estate By 0. G. Thomipson, Probate .udge:
Is notilled and reqitred to iiako pay- Whereas J. It. *Murff made sit tolihI Gi'en under my hand this 20th day
ment oil that (late; ani all persons to grant hiii Letters of A itrtion of April Anne Domiil 1921.
having claIms against said estate will of the EState and effects of .1. P. Saxon 0. G. 'VOiOMPSON,
resenit, thein oil or -before said (late, 'Phene are therefore, to cite and ad- 1l2-2t-jk J . I L~. C.
By Far the Best Tires We
Ha ve Ever Made
Good as Goodyear Tires have always
been, they are even better now. More
-improvements have been made in
them in the last few months than
in any equal period in our history.
Larger, stronger, heavier, and more
durable than ever, Goodyear Tires in
every size and type are today by a
w ide margin the most economical
and satisfactory you can buy. You
can get them now of your nearest
Goodyear Service Station Dealer.
THE GOODYEAR TIRE & RUBBER COMPANY
dcOasices Throughout the World
GOODYEAR
TIRES, TUBES AND ACCESSORIES
ADVERTISED ABOVE, SOLD BY
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Who isSwift fCompny?,t ho aiein
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shaehodes wthvotngpowrsanda hessareolesar te men land tls2t a
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Mostof hefrty Thsa ie hlereforey, r eoso toheean d 22~ ch.racter an
livyi Face soe thenlad oters whttTdigrust ha ert
intePhlpin. awiAask ve upyigt her wor d rdcsa
GoowasGooyea ireu Have andaysok
Nealy 4,00ot e en, emloey Wool Soap, Sitte now Con'res
Theavrag diidulhodngproemet The xeie of adet Cony
smal-bou 3 are aiee mitin the highfe stndars fthese
o oe prsonorvamiy owns anprdut typs anirtivduy nobyt
mt~Jorltywodehematockthe ,00shareornuomieplca .
Swit d Compsatoy, yU can A. Yo