The Laurens advertiser. (Laurens, S.C.) 1885-1973, July 13, 1921, Image 2
No. 10859 Reserve District NO. 5
Report Of Condition of the
FARMEIS NATIQNAL BANK,
At Laurens. In the State of Southl Carolina, at the close of business on' June
30, 1921.1
1RMESOUACES
Loans and discounts, including rediscounts .... ....$385,904.63
Notes and bills rediscounted .with Federal Reserve
Bank (other than bank acceptances sold) .... . . 114,162.89 $271,741.74
Overdrafts, unsecured .... .... .... .... .... .... .... .... 242.25
U. S. Government securities owned:
All other ['nited Skttes Government Securities .... .... .... .. 5.000.00
Other bonds, stocks, securities, etc. ..... ... .... .... .... .... 4,800.00
Furniture and fixtures .... .... ........ .... ... .... .... 2,354.!3
Lawful reserve with Federal Reserve 'ank ......... ... .....13,812.1,!
Cash in vault and amount due from national banks .... .... ..... 11,112.2
Cheeks on banks located outside of city or town of reportin'g bank
and other casil items ..... .... .... .... .... .... .... .... 437.2 1.
Total .... .... .... .... .... .... .... .... .... .... .... $309,501.14
LIABLIUTI ES
Capital stock paid in .... .... .... .... .... .... .... .... .... $ 50,000.00
Surplus fund .... .... ......... .... ......... .... ........ 22,500.00
I'n1divided profits .... .... .... .... .... .........$ 22.179.26
.ess current expenses. interest and taxes paid .... 13,897.79 8,281.47
Amount due to national banks .... .... ..... .... .... .... 9,334.72
Cashier's checks on own bank outstanding .... .... .... .... 833.27
Total of above two items .... .... .... .... .... $10,167.99
Demand deposits tother than .bank deposits) subject to Reserve
(deposits payable 'vithin 30 days):
Individual doposits subject to check .... .... .... .... .... 50,872.5.1
Certificates of deposit due in less than 30 days (other than for
money borrowed) .... .... .... .... .... .... .... .. 26.282.09
Dividends . ')aid .... .... .... .... .... .... .... .... .... 2,360.00
Total of demand deposits (other than bank de
posits) subject to Reserve .... .... .... ....$ 79,511.63
Time deposits subject to Reserve (payable after 30 days, or sub
ject to 30 days or more notice, and postal savings):
Certificates of deposit (other than for money borrowed) .. 70,373.70
Other time deposits ..................... ......... .... .13,125.49
Total of time deposits subject to Reserve ...... $113,-199.19
D.-ills payable, other than with Federal Reserve Bank (including
all obligations representing moley borrowed other than re
discounts .... .... .... .... .... .... .... .... .......... 20,000.00
".ills payable with Federal Reserve llank . .... .... .... .... ... . 1.250.00
Liabilities other tha'i those above stated .... . ... .... .... .... 1.287.86
Total .... .... .... .... ......... .... .... .... .... .... $30 ,50 1.14
State of South Carolina, County of Laurens.
I. Clyde T. Pranks, Cashier of the above-named bank, do solemnly swear
that the above statement is true to the best of my knowledge and belief.
01l,3lA'1 T. 'PIRANKS. Cashier.
Subscribed and sworn to before me this 7th day of July, 1921.
It. M9. BAIB, Notary Public.
Corret-Attest: 1). E. 'i'odd, M. J. Owings, C'. 1E. Kennedy, Director.
Chiarter No. 106.42 l'sre:lititNo. 5
leport of Condition of the
LAlRENS NATIONAL BANK
At Laurens.i in the State of South Carolina, at the close of bustiness on ,une
30, 1921.
ICESO1lRCE'Es
Loans and discounts. including rediscounts .... ....$322,77S.9.;
Notcs and hill; rediscounted with Federal IReserve
Bank (ther than hank acceptances sold) .... .... 60,594.1%9 $2N2.184.06
All other I iiitod States Government Securities .... .... .... .1,000.00
Other bonds, stocks. securities, etc. ................... .... .. .,00(.0(10
Banking House, $21.9041.55; Furnitu ro and fixturs $3.-189. .... 25,393.55
Real estate owned other than baiking house .... .... .... ..... ...-.011
Lawful reserve with Federal Reserve Bank .... .... .... .... 1.5.761.55
Cash in vatilt and amount lue from national banks .... .... .... 1.1,;32.63
Cheeks on other banks in the same city or town as reportiing bank 1,875.1(
Total of above two items .... .... .... .... ....$ t1,207.7:
Checks on banks located outside of city or town of reporting bank
and other cash item s .... .... .... .... .... .. . . .... ..... . : 31 7
T otal .... .... .... .... .... .... .... .... .... .... .... $338,.67.26
Capital stock paid in...................................$ 5(0.0(00.00
Sir'plus fund .... ...................................... ,000.0
ii(ivided profits ..........................
Reserved for it'(-st and taxes accued. 2,800.00
eseivef for Bood .. . .. .. .... .... ..... .. .. .. .... .. 9. $2 7,2 0.07
Amount dIc to State banks. bankers, anid trust contanies in the
I'n ited States and foreitgn co ities .... .... .... .... ,... . I, 158
Cashier's ciecks on own bank outstanding .... .... .... .... ..
Total of above two items .... .... .... .... ....$ .1,31.1.72
l)eman1d deposits (other thaii bank dlposiis) subject to lt4ef'rve
(deposits payable within 30 days):
Individual delosits subject to cheek .... .... .... .... .... 05,34.1.27
Dlividetnds unpaid .... .... .... .... .... .... ..... . .... 1.91 C.00
Total1 of demand depositsl other than baik de
posits) subject to Reserve .... .... .... ....$1 47,280.27
Time deposits subject to Reserve (payabl I after 30 days, or sub
.1Ct to 30 dayS or More no ic('e, ad o1)0stal savings):
Certifieatcs of do osit 4 o1 hei' tha n for mo io ley borrowe(d . . . . *5,94 -1.1:
1Oter tim e deposits. .... .... .... .... .... .... .... .... .17,f~k;1.07
Tiotal of timtie depos05its stubject to Roesertve . ..,. $ !48,024;.0o
1311ls payabIde, ot her thluan with ItFederal I eserve H ank (includin zg
all ohbligat ions r'eipresetin g mtoney biorrotwed'( othier tatni r
dliscounts)..... ............... .... .... ......................3,'O('pi
lillI s inay alie iith i'edlera I Resetve llantk . .. .. .. .. .. .. .. .......I2,(000.400
Total..... ......... ......... .............. ...............$.;;...
State of South1 ('artolina, Counnty of I ,aurietns.
I. Geo. II. lilakely. ('ash ier oif the abiove-namtedf hbank, (If solemnly swear
that the abhove statemenltl is true to thle hest of mty knowliedge and bli if.
GE~O. HI. IiLAKLYTh' Cashier.
Sub lscr'ibedi andi sworni to bf'ore(m thi'iiis 8th day of .1 'uly, 1921.
Corrt'(et-- Attest: .J..J. Adanms, C. .M. M~illet, W. 11. Itie'hey, l>I rectot's.
('harter No. 10605 lh'seri e D)isttrictI No. S
ENTl'lIitRSE- NATIONAL BANK
.\t 1.auirents, in the4 S4tte of SouthI t 'a rolint, itt the clIose o4f buinslt on ,11uni
:10, 1921.
ISOt'RC'ES
Loants andI discounts, including rediscoitmts. .. .. ....$4 79,7:32.92
.so4tes an b11 ills r'( diIscoutted ( with F'edeira I Reserve .
Hanuk '01ther than ba'n k accept ance s sold.........71 . 5.69 $14(s,2s7.21
All other' 'tilted States G4overniment Securities .... .... ......22,000.00
Other bonds, stocks, secturi ties, etc. .............. ...............I 1,20(4.00
Banking I louse, $22,000.00; Furniturec atnd fix tur'es, $1,51 3.00 . . .. 26,,13.04)
Lawiful reserve withI Fedf'ral Reserve Hlank.......... .............1.is
Cash ini vault and amount dute from national banks ......... .... ,0.3
('hecks On other~z banks itt the( sat ('ity or town as repori tig baitnk : 3,-197.62
Total of above'c two items .. ..... .... .........$ 27,300.00
Chu'ks on banks locnted outside of city or town of repor~it n gbatik
andI other1 cash1 items .... ......................17
Total..... .............
LiA HIllII i Es
(Capital stock ;'aid in .... .... .... ................40, 00010
n n ivfided ;profits .... .... .... .... .... .... .............. .06.,;41 78
lAess current expenses, intet'est and ta'xe's paid . ... 19,1 02.85, 21,.40.
A mot d fue to PadotralI Reservye bankh (deferred'f (cr('dits) ..... .... :4,722 .31
f'ashier'sq checks on own bank outtstandling. .. .. .. .. . . . . .. . ...
Total of above two items...... .... .... .... ....$ .521.871
I )-manfd defposits (other than .bank deposits) subject to Reserve
(deposits payable within 30 days):
Indivifdual fdeposits subject to check.-.--.-.. .. .. .. .. . ... .....132894.10
C7ertificates of derposit dlute in Iere than 30 (lays (other th~an
f'or money borrowed)-.-...-.--.-.-................. 960
IDividends unpaid......... ......-.-.---.............4,173.00
Total of demand depiosits( other than bank de
posits) subjec t to .Reserve ... . . ... .. .. .. ..$146,7.00
' imen depsiJ5tS subject to) Reserve (play'abic after 30 flays, or sit z
ject to 30 (lays or more niotiCs, anfd postal savings :
('ertificates of deposit (ot her th an for mon(ey bet rowe'd). .. ....2,l i 1.0S
Other tIme deposits ............................$07l
Total of time dieposits subject~ to Rteserve..... ... .$200.1 I8. 9
f'ills payable, other than wIth,/Federal Rteserve Bank 4 inclutding
all obligations representing money borrowed other than re
discounts) ....5.0 ..0
Trotal..... .... ...... . . . . . .$3880
State of South Carolina, County of Iaautren#'.
I. C. HI. Boper, ('ashtieru of the above -na~i('d hank, doi soir only sw -ar that
the abo~ve statement is true to) the( bst of miy kno'wled's- and belief.
(, . 1. JtOJ-E'AI carb''.
Subscibed and sworn to before me this :sth da; .- f .11: y.~ I.a
HARDING VISITS SENATE;
WOULD REMBSS O0NGRESS
Chief Erecutive Understood to Have
Requested Delay on oBnus Meas
ure. - ' I
Washington, July 7. - President
Harding paid an unexpected visit to
the Senate today, and, it is under
stood, interposed the weight of his
personal influence to defer action on
the soldier bonus .bill until a clear
understanding of the government's
financial outlook has been made
possible by enactment of new tariff
and tax laws.
In an .hour's conference with Sen
ate leaders the (President is under
stood to have endorsed the views of
Secretary Mellon that bonus legisla
tion now might be a serious embar
rassment to the treasury, and even to
have suggested that all other legisla
tive business be suspended to permit
completion of the tariff and tax re
visions as soon as possible. By those
.who talked with him he was quoted
as favoring a recess of congress while
the committees in charge are hasten
ing perfection of the two measures
on account of which the special
session was called.
-it was indicated that 'ir. Harding's
views would be set forth at 'greater
length in a siecial message to con
gress, which ilay be sent to the capi
tol tomorrow. The document is ex
pected to deal particularly with the
bonus lill and to set forth that while
the administration regards itself as
committed to some legislation for re
lief for war veteraus it sees no reas
on for acting precipitately.
While the president was giving his
opinion to senator after senator in his
room just off the Senate chamber,
the Senate itself was debating the
bonus hill with sponsors for the Ineas
ure confident of its passage. By an
overwhelming vote the bill had been
brought to the Senate floor as a spee
ial order of business and the senators
in ehal'e were inclined to predict
that even the oiposition of Secretary
lellon would not be sufficient to de
lay it
Ton t the outlook generally was
ladmitte<. to be more uncertain. iead
ers had not yet made a canvass to
ascertain just how much weight the
vifit of the president might have, and
the disposition in most (ttite's was
to await Mir. 1larding's message be
fore facing a show down. After the
message has been received, it is re
garded as likely that an attempt will
be made to send the bonus bill back
to committee an(d then secure another
vote on the recess proposal which
failed of adoption several days ago
by a m-argin of four votes.
In their o)position to a recess, the
bonus advocates are expected to have
the aid of the various other Senate
elements whio want action oil soile
parfiicular Class of legislation. Not
the least potential of these groups, it
generally is exPected, will be the ag
rieuiltural block, who are deterin i ned
to 'put through a series of relief meas
res for the Cfarmers. The final div'is
ion1 is expectedi to be along group
rathter than party line:.
I 4adlers of the elemien ts most anx -
iousu to push part iculhar measu res to1
cnac(tm'n t weie amouing thme fir st to
P residen t whlen lie reached hiis r'oomi
at thle (cait oh. Senator' Mc'u mbler,
lteiiubl)1icani, .North ii akota, in chiarige
oif thie bon us illi, andl Senators iNor
ris, Reipublican, Nebiraska; lienyon,
Repubiilicanli, Iowa, and Simmons,
D~emncriat , North ('arolina, promllinent
lin the ag ricutu irat grioup, .w('re 55a(d
to have becn told franukly anmd cim
Phiatically biy \lrz. Iliardig that he con
sidered.( comphletion of the tariff andi
tax ;.rogra m the pime d ut y of the?
federal~ governmnent. in each ease' the
Pies identI pu nctua td his a rgument
with Vigorous gesturtes andi nods of the
head.
A'lri. 'it arid in g's con ferences on ih'
legistlative situation were held after
he hadh b rok en rt'ccdent by tak inug
tone heon wvit h a partly oC senators in
the Senate restaurant. Mlost of' thiose
in whose company he was accustom
ed ti take his me al s diurin g his sena
tortial days were at the table andl the(
P'rcsdent made' a ilmnifest effort to
have the vis it as informal as possible.
Crew Lnnded Saifely From Blimp
Norfolk, July 7.-T'he navy diriel
ble -3 .vas destroyed .by flre today,
just after being brotight to the giroundl
with its crew of 6 men in safety. The
big aircraft caught fire four htindried
feet in the air over the Hampton
Roads naval base and was .brought to
cat th in time' for the crew to escape
the cxplosion of t-he big gas bag prin
cipally through' the coolness of its
minutes after the landing there was
nthinag left of the diaible bitt her
motorw.
Friction casul by the flapping of a
rip panel is believed to have caused
the Bre. Lieutenant 11. 13. .Iohnson,
(ommi~andher of the craft, with his
cloithlng ablaze, fought to ketp the
flames from the fuel tank as he di
rectedi the dlescen't of the dirigible.
The j'ilot. Lieutenant C. C. Tftwood,
5'5. crevt tied in flames ns he gntaed
the craft to the ground in time for the
crew to get away from the explosion
of the gas bag.
Several of the crew- suffered -painful
burns, and (Lieutenant Johnson frac
tured a wrist.
Habitual Constipation Cured
In 14 to 21 Days
"LAX-FOS WITH PEPSIN" is a specially.
prepared Syrup Tonlc-Laxative for Habitual
Constipation. It relieves proinptly but
should be taken regularly for 14 to 21 days
to Induce regular action. It Stimulates and
Regulates 0 Very Pleasant to Take. 00c
per bottle.
r
G
bE
Prince Albert to
Bold in toppy rcd
bag~ti'd'.fedtins fr
and hall pound tin S
humidor& and in the
ound crystal glass
umi d o r with to
sponge moistener
top.P
A
A
cv
Copyrigt 1921
Tobacco Co
Winston-Salem,
N. C.
Phonnsider
lowp1i
THREE GO DMECHANICS
AND TWO OD HELPERS
I am doing the pair business now.
Come in and so the boys work.
TERM CASH
HENRY COU S' GARAGE
Buy a pipe
. and some P.A.
set the joy that's due you!
We print it right here that if you don't know the
eel" and the friendship of a joy'us jimmy pipe
D GET ONE! And-get some Prince Albert and
ng a howdy-do on the big smoke-gong!
For, Prince Albert's quality-flavor-coolness
agrance-is in a class of its own! You never tasted
ch tobacco! Why--figure out what it alone means
your tongue and temper when we tell you that
rince Albert can't bite, can't parch! Our exclusive
tented process fixes that!
Prince Albert is a revelation in a makin's cigarette!
y, but how that delightful flavor makes a dent!
nd, how it does answer that hankering! Prince
Ibert rolls easy and stays put because it is crimped
.t. And, say-oh, go on and get the papers or a pipet
D it right now!
RINEE ALBERT
the national joy smoke
ing the new
e of $845,
>w costs for
>nl and up
good Max
now more
than ever.
w Prices,
Coupe - - - 45
y, #war tax to be added
Auto Co.
Laurens, S. C.
XWE LL