Historical Newspapers of South Carolina

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1 Tur V Oldes Brie |fl The Bai Kj||| great financ 1 --* 1 /\* umigiug K rate of inte: ??|1 the organiz: S||| would relies |B|1 belief in th( H|l that men of were frankl I paying ente H |feB they said, a K ment* ^ K % in the futur SB^Y i 1.. x I local nisLorj facts, lest tl This me Bank of Kir amount, wh add considei More fii We beli ft m located in a kThe rec going, speal time has coi ' tal of the B k demands re & Therefore t] I D.|C. SCOTT, LI Preside] #n t and St f History c nk of Kingstree was organize iial depression. Cotton and < Y prices, money was scarce rest. At this crisis a few me ation of a bank, believing ' se the financial stringency a >f the county. This idea, born j future of our county, took f undoubted business acumen y skeptical as to the feasibili rprise in Williamsburg Count rH nitpd "facts and fisrures" 1 the men who had given mu< hese well-meaning "Doubtii tarting the Bank of Kingstre e of our town and county ws j and it is necessary to remin ley be forgotten. One / >ans that within the thirteen lgstree has paid to its shai ich does not include the prese -able to the total amount: Than $67,0 eve this record is unexcelled town the size of Kingstree. ord of the Bank of Kingstre cs for itself without superfli ne, in the judgment of the ank shpuld be again increase sultant upon our county's gr he Bank's charter has been a 1 HiZLl an pat all, a he New Ye lie E JNO. A. KELL1 nt Vice Pre R. H. Kellahan rongei ?f Its Ori id in 1901, at a time other farm products w and commanded a h in in Kingstree propo that such an institut ,nd promote the gene of optimism and a strc irm rootj despite the f i ana successiui expene: ity of making a ban y. "It couldn't be don x> bolster up their arj ? thought to the mat ig Thomases" by go: >e. How well their fa is justified is a matter d the public of only a i Hund years of its existence 1 re-holders the followi ;nt year's earnings, wh 50 Paid ( by any bank in this St; e, as outlined in the fo ious verbiage. Now 1 directors, when the ca id to meet the growi owth and deveiopme mended so as to allow ? iking our fi nonage, an ippy Chrii )ar, aim 01 BY, F. W. sident r\in uin J. F. Coopi \ $t Bank ounty orJrL Purrx D 7 MT i of The policy ere the start and : igh operation ar sed Bank prospere ion* at the present iral included in W >ng pered beyond act , Just what has nee than by words k ff The Bank e> 1901, with a a ?u" its stock-holde :tcl four years aft ith * $30,000, at wh . 0f was paid its si 'ew Bank has paid paying each st red P( die Eight per cenl mrr Eight per cen . ^ Stock aividem lch Stock dividem 3ur Stock-h ate increase of ca confirmed this the new stock Bank, with e\ . prosperity, we P1" the Bank of J in? usefulness am nt* in aiding the i an liamsburg cou riends for pa id wishing t 3tmeis and ? mmmm of K "FICERS: FAIREY, N Cashier SECTORS: ar Jno. A. iwnoT ruraud i ; in William m A mm ose and Achie\ j of the Bank of Kingstree was a liber its methods were characterized by Cou id Conservatism. On this firm foun id from the start and, notwithstanding tl time there are Ten Banks within the tei illiamsburg County, this Bank has thrive the most sanguine expectations of its been accomplished may be told by figi i: of Kingstree, as stated above, was o apital of $15,000, and from the first year rs an annual dividend of eieht ner cent. "" ? - - " W JL er the Bank started?its capital was ii tich time a stock dividend amounting to ? lareholders. Since the capital was in< an annual dividend of Eight Per Cent, i lare-holder a stock dividend of ;r Cent. ; on $15,000 for four years t. on 530,000 for eight years ^ /vP nrVif\r.covpn npr ppnt-. in 1Q05 Li VAJL V/lgXIVJ UVT VAA ^/V* VV???| * ? v ? i in 1913 ? ? olders in Thirteen pital to $60,000. The stock-holderi ha 5 action of the directors and books of sub are now open. In view of the past re rery prospect for business expansion j feel, that with the increased capital to oj [ingstree will enter enter upon a broa d exercise a more potent influence than up-building of Greater Kingstree and G mty. st confidence hem, one and a prosperous [ingstre . D. LESESNE, W. W. Book-keeper Kelley D. 0. Scott ; ) : ( 13 If nrr 11 KIt sburg I I " ^ 1 ' 4j| ''.ytM ' 'v'^S lfil :l ires rairier ? I rganized in H it has paid H In 1905- U icreased to H 17 per cent. aw creased the n and is no w ;? 1*1 N ' v ^ "M v 4 M - '.-'J *? # H '*9 -vj[ 'i'3 v ' \n r>l .1$ li > :*g9 )1 ''*[ ' -'K1 J - J!1 ' % ?' , m ' f: HH .' $3 v i -y" _