The watchman and southron. (Sumter, S.C.) 1881-1930, March 16, 1918, Image 3
AFTKK TICK WAK.
When World Peace Is Restore*! The
Month Should Re in a Position 10
Supply Needs of World at a Prollt.
Ths yearn from 1861 to 1865 were
devoted largely to a devastation of
the South, both from a standpoint of
our young :nen and boys being killed,
and from ft standpoint of the confis?
cating of snd demolishing of South?
ern property. This wus done in war?
fare and the South took it as her
pert of the sacrifice she had to bear,
to uphold the principles and safe?
guard the sacred rights which our
fathers and grandfathers held bo
dear. It Is not desired in this article
to hark back to the Civil War days
except that in the analysis of condi?
tions which confront us at present It
might be well if we drew a compari?
son between the South of 1865 and
the South of today. In doing this we
may perhaps arrive at some conclu?
sion as to just what effect the war Is
going to have on the South from a
commercial and financial standpoint.
The discussion of this subject by a
man who has been In the navy prac?
tically since childhood, and conse?
quents*, who has been far removed
from the South most of that time,
may seem rather ridiculous to old
business men of the South but, In
connection with that I wish to state
that sn Intimate knowledge of the
b islness) conditions of the South Is
nM essentlsl to a thorough analysis
Of the matter to he discussed.
The serrender at Appomsttox and
I 1
the conclusion of civil hostilities in
1865 found the once beautiful and
j prosperous South in a bruised and
bleeding condition. Families who be?
fore the war had been raised in lux?
ury were left paupers and this with?
out the knowledge of how to do for
themselves as much as they would
have been able to do if they had al?
ways had to work and know what
work was. Slaves, which had formed
I the hulk of many Southern planters'
wealth were freed. Practically no
manufacturing existed and there was
no capital at hand to start any. Ne?
groes, of which there were a super?
abundance, in their absolute ignor?
ance of everything, with no imagina?
tive qualities, no initiative, no re?
sourcefulness, allowed themselves to
be beguiled by a very low down class
of camp followers who were given
the name of carpet baggers, into
committing outrages against their
very best friends; the people of the
old South.
Our banking institutions had al?
most ceased to exist and our colleges
were the most pitiful objects of char?
ity. Our local governments were*In
many instances controlled by the car?
pet baggers aforementioned. In
many eases homes and even cities
had been raeed to the ground. With
these and a thousand other disad?
vantages to face our Southern fore?
fathers put their shoulder?! to the
wheel and started to re-build. The
South of the present day is the re?
sult nnd It is our heritage The mod?
ern South needs no demonstrating at
the hands o:* anyone. Everyone who
RETORT OF THE CONDITION OF
Jfo. MOt. - Reserve District No. ft
The First National Bank of Kumter, at Suinter, In the State of South
Carolina, ni the Close of Business, on March ttli, 1018.
RESOURCES. N
Loana and diacounts (except those shown on
b snd c). $695,856.71
e Cuatomers' liability account of acceptances of
thie bank purchaaed or discounted by it .... 26,000.00
Total loans.as, se ?? 720,806.71
Deduct: . sV
t d Notes and bills rediK? ountcd (other than bank '
acceptances sold (see Item 57a).. 25,000.00 695,856.71
I. Overdrafts, secured $2,681.39; unsecured $233.59 3,914.98
ft. U. 3. bonda (other than Liberty 13onds of 1917):
a U. 8. bonda depoaited to secure circulation (par
value). 60,000.00
b U. 8. bonds and certitlcitea of indebtedness
pledged to aecure U. 8. depoaits (par value). ..7,000.00 57,000.00
9. Liberty loan bonda:
9. a Liberty Loan Bonda, unpledged, 3 1-2 per cent. \
and 4 per .cent, unpaged.. x . 10.00.0.uo
1 Bonda. aecuritles. etc.. (other than U. 8 ):
b Bonda other than U. S. bonda pledged to aecure
postal savinga deposits. 4,000.00
a. Securities other than U. s. bonda (not lnclud
lng atocka) owned unpledged. ,? M. 5.0U0.00
Total bonds, aecuritlea, etc. M .. 9,000.00
ft. Stocka, other than Federal ttescrvcbank J.tock.. .. 2,000.00
t. Stock of Federal Reserve Bank < 50 per cent, of
eubscr1pt!on).'. 6,000.00
10 a Value of banking houae. M .. 46,000.00
b Equity in Banking Houae. 45.000.00
II. Real estate owned other than tanking house.. 250.00
13 Lawful reserve with Federal Reserve Bank .. 16,69S.9'>
14 Items with Federal Reserve R-?nk in process of
collection (not available as reset ve). 20,171.91
II. Cash in vault and not amounts due from nat?
ional banks. 74,766.08
II. Net amounts due from banks and bankers, and
trust companies other than Included in Items
13. 14, and 16.~ .. 14.649.30
II. Checke on other banka in the ramo city or town
as reporting bank (other than Item 17). 14.lt4.tl
Total of Items 14, 15. 16. 17, and 18 . 123,922.23
14. Redemption fund with ?. 8. Treasurer and
due from U. 8. Treaaurer. 2,500.00
, Total.~?. $971,142.91
LIABILITIES.
14 Capital atock paid In.MSMitil.$100.000.00
II. 8urplua I und.-.$100,000.00
It a Undivided profits.$45,005.84
?? I<eas current expenaes. Interest, A taxea paid. 2,894.21 42,11 1.63
17. Interest and discount collected or credited, in
advance of maturity and not earned (ap?
proximate) .a* m ?? 8,ooo.oo
80. Circulating notea outstanding.M .. .. 49,600.00
Demand deposits (other than bank deposits) sub?
ject to Reserve (deposits payable within 30 days):
X4. Individual deposits suh.icf t |g ? lu-ck. 148,171.10
ft?. Cashier's checks outstanding. 1,677/1
Total demand depoaits (other than bank de
poaita) subjeet to Reaerve. Items 34, 36, 36,
ST. S8, 19. 40, and 41. 315,434.3 1
Time deposits *u??je< t to Reserve (\ ayable after 30
da**, or subject to || days or mo e notice, and
poetal savinga): . f
4? Postal savings ftefOOHl.M .. M ?? m 1,198.98
41. 0|her time deposit**.., ?. 117,799.91
Total of time deposit* subject to Iteserv*. Items
I , 43. 44, and 45. 111,111.94
41. United states deposits (other tl an postal sav?
ing.
r Other United 8tatea depoaits. including de?
posits of U. 8. disbursing officer, ? 9,919.98
Total. 9971,141.91
17 a Liabilities for rediacounts. Including those with
rsderal Reserve Rank (004 llegfl 14). H.000.00
T'.tnl contingent liabilities ?T a. b. and c> .. .. 15,099.00
fTATB OF SOUTH CAROLINA. County of Bumter, aa.
I, O. L. Tates, Cashier of the above named bank, do eolemnly awear
fiat the above statement la true to the best of my knowledge and belief.
O. I.. YATKS, Cashier.
Fubscrlbsd snd sworn to before ejo ibis llth day ?>i Maren, 1911
A. M. BrOUghton, Notary Public
Correct?Atteat:
NEILL u hONMJ.L
W. R. 11P8HUR,
Ii. ii BAHN NTT,
9111911-1 I I 1T ?.?N?Br*
I
lives in it loves it, those who visit it,
in many instances return to it to re?
main and to become Southerners.
Many more of those who do not set?
tle among us are fortunate enough to
persuade some Southern woman toj
cast her lot elsewhere and perhaps
in years later to teach some youngster
I that Robert Lee would, above all men j
on earth, be the one to leave a blazed
trail from Nancy in France to Ber?
lin, j
We come now to the South of the
present day. The United States as
a battle ground will never exist ex?
cept in the minds of some of our ar?
dent pacifists, who oppose war in
many cases, from a very unworthy
motive. So we see, or at least we
hope that W'o see where the South
will be very much different in this one
respect at least, from what she was
in 1865. With the conclusion of hos?
tilities, U-boat warfare will of course
conclude. With the conclusion of U
hoat warfare the insurance on trans?
continental and oceanic shipping will
drop to a bagatelle as compared with
what it now is. With the decrease In
this insurance it will certainly be a
much cheaper matter for a hale of
cotton to travel from Wilmington,
Charleston, or SavVinnah to Liverpool,
Bremen, or Havre, and of course the
chances of that cotton reaching its
destination would be practically as?
sured. I am confining myself to cot?
ton because ib Is our principal pro?
duct, the above of course applies
equally to any product in our coun?
try. The entire world will need cot?
ton and need it badly when hostilities
do end. This applies more particular?
ly to Russia with her 150,000,000 peo?
ple and to Germany with her 80,000,
000 and to all others of the central
powers whom we cannot and would
not engage in commercial intercours
with at present. We do not know how
long the war will last but it seems
reasonable to suppose that within the
course of two or three years at most
a civilized world should be able to ar?
rive at some kind of conclusion and
not permit the present condition of
affairs to continue. If they/ do, can
we supply the cotton and other pro?
ducts to all the world which they
will demand from us? Perhaps we
can but, the supplying of them should
be a source of revenue, In a perfect?
ly honorable way, to the South which
will leave her in a financial condition
just the opposite of what she was left
in at the end of our Civil War. 1
don't mean for one moment to imply
that our dear Southern people are so
cold blooded and mercenary as to be
willing to profit financially by this
terrible conflict now waging. On the
other hand they are the least desirous
of amassing wealth and the warm?
est hearted people on earth. But the
above condition will most likely pre?
vail whether they are desirious of
profiting by it or not. The South Is
making her sacrifice all right and it
took no passionate appeal to her pa?
triotism to send hundreds of thou?
sands of her best and most substantial
citizens into our government's fight for
democracy and the abolition of mili?
tarism as advocated by the Prussian
element of the German empire. Many
of these sons are not going to return
to their beloved Dixieland and in so
far as this is true we will be unfor?
tunately like the South of 18G5. We
have been called on to adopt and to
foster many thousands of the boys
and men from the North and West,
who are established in cantonments
throughout the South awaiting the
final call to arms. These no doubt
will carry back with them lasting
impressions of the South and very
possibly their influence wdll be felt
around the communities in which
they are training. This of course is
as diametrically opposite to the state
of affairs In the South In 1865 as it
could very well be and 1 am sure that
all of us welcome the change. It is
easy for us to draw a conclusion as
to what our condition will be, but
what will be the state of affairs in
the European countries on the soil
of which the battles are now being
fought. In countless instances homes
I are completely destroyed, families
j wiped out of existence and even
! places of worship have been ruined,
j Our duty is to help ;!?"se people as
much as possible and to continue to
help them upbuild until they are
again able to take care of them?
selves The people of the South as
ninth as any people In the world
should be willing to help since they
know so well what it means to up?
build iii the wake of a blood soaked
path whleb war has necessitated.
To the mothers, wives, daughters
sisters. In other words to the women
of the South, it is yours to again be
the silent sufferers. With a son gone
or a brother and, In some cases al?
though not nearly 10 many, a bus
hand, you can only awali the result;
doing of course whatever is within
your power to mnke some soldier
und maybe even n sailor, more com*
for table Yours is indeed n brave ami
noble part Mini I am so proud to see
the true spirit Of patriotism that has
pervaded every southern home where
von arc the guldlhg spirit and the
splendid Inspiration for your boy to
leave you and go forth to gOIWtC
duty's call. May God bless you by
letting that boy return safely to you,
but, Jf he does not return; take so?
lace in the fact that the South which
you live in was nurtured under th<_
gentle hand of women who had to
sacrifice far more than you have. The
above applies to our friends and
comrades of the North equally as well
as to ourselves. We stand reunited,
the greatest country that has ever ex?
isted and are fighting under the Stars
and Stripes for,that democracy which
we have so long appreciated. May
our light not be made in vain.
# W. H. BOWMAN,
Lieutenant, United States Navy
Red Cross Notes.
In order not to detract even slight?
ly from the forthcoming Liberty Loan
campaign, the War Council of the
American Red Cross has postponed
the campaign to raise the second
War Relief Fund of $100,000,000 to
the week of May 20 from the week of
May 6th, as was originally intended,
it was announced in Washington iof
day.
This action fixes the date of the
second Red Cross campaign eleven
months after the first, ?which was
started on June 18, 1917. The War
Council had been appointed by Pres?
ident Wilson only five weeks prior to
the beginning of this campaign, so
that its first great task was to provide
means for carrying on relief work
during the war on a scale commensu?
rate with the military operations.
More than $100,000,000 was con?
tributed In response to the first call
for financial aid and contributions
plus interest brought the total re?
ceipts from the first drive up to
$105,099,257. Of this amount, $17,
006,121 was refunded to Red Cross
Chapters for local relief work. Of the
balance, $77,721,918 has been appro?
priated, leaving a balance of $10,371,
217 available for appropriation.
France has received appropriations
amounting to more than thirty mil?
lions. During the week preceding
Christmas, the Red Cross conducted
n membership drive which resulted in
the enrollment of approximately 22,
000,000 new members. This was fol?
lowed last month by a campaign con?
ducted by the Junior Membership of
che Red Cross which resulted in the
enrollment In the collateral organiza?
tion of practically all of the school
children in America.
Harvey D. Gibson, general manager
of the American Red Cross, announc?
ed this week that the Junior Red
Cross Organisation has endorsed and
taken over the "Children of America
Army of Relief," and that hencefor?
ward the work of this latter organ?
ization will be carried on by the Jun?
ior Red Cross.
The transfer of funds took place on
March 2nd, $40,000 being given over
to the Junior Red Cross to be devot?
ed to child welfare work abroad, and
the Army of Relief will cease to so?
licit funds. All army of relief mem?
bers are now eligible for membership
in Junior Red Cross auxiliaries, and
chapter school committees are au?
thorized to incorporate them in
schools that are not already enrolled
as Junior units or to incorporate all
Army of Relief members in their
territory us a single Junior Auxiliary.
The police are searching for a
gang of burglars who broke into
Ryttcnherg & Co's warehouse Sunday
night and removed an assorted lot of
groceries, which they concealed un?
der the near-by warehouse of Phil?
lips & Co. The burglars carried oft
very little of the stolen goods, for
as far as can be checked up nearly
every package taken from Ryttenberg
Co., was found. The goods were
traced to the place of concealment by
the marks on the ground made by
dragging the heavy packages. The
goods were well hidden under the
warehouse, and as evidence that it
had been used previously by the
same thieves several pa cakes of good)
heretofore from Phillips ft Company
and others were found along with the
Ryttenberg goods. Two negroes
were arrested with some of the
stolen cheese and crackers in their
possession and they conf<ssed to the
police that they obtained it from an?
other older boy. This boy was cap?
tured with a large lot of the same
articles, but he made his escape on
the way to the guard house. R is
believed that this boy and probably
an older confederate committed the
robbery, and the police are I okinK
or them.
O. K. LaRoque, State bank exam
ier, has issued a call for the condi
. on of the state banks for March 4,
Imultaneously with the call by the
ideral government for the condition
f national banks for that date.
Pour culls arc made by Mr. La
lioque annually, the federal govern?
ment making si\. This is the lirst
. dl for 1918 by Mr. LaRoque.
Paris. March It.?The Germans
lost four airplanes in last night's at?
tack on Paris. Nine Squadrons took
bait hi the raid.
AH! APPEAL. TO BOYS
L. Ia Baker Crges Yotitli of South
Carolina to Join the Coin and Pig
Clubs.
Columbia, March 10.?A strong,
urgent appeal is made to the farmer
boys oft he State to join corn and
pig clubs and raise food to assist in
winning the war against the German
empire in a letter from L. L. Baker,
of Bishopville, supervising agent of
boys' club work, to the youths of
South Carolina. Mr. Baker says that
the boys on the farm are splendidly
responding to the need of the hour
and he expects to see legiens of them
enrolled for club work. Ha is satis
lied that the youths will bend every
effort to help in the crisis. His let?
ter follows:
We are now in the early part of a
new year, which year may go down
in history as the most important in
all the history of the world. Wonder?
ful things are happening among all
the nations of the earth. This means
that the world is being made over
and it is your good fortune, and mine,
that we have a part in this remaking
process. Let us see to it thai not one
thing is left undone that will help
make the world a fit place for Chris?
tian people to live in.
A plentiful supply of corn and hogs
must be grown. Our State responded
nobly to the call of the president for
an increased production of food in
1917. The corn crop was increased
248,000 acres and the yield 1 1,939,000
bushels over that of 191G. In this in?
crease the club boys played an im?
portant part.
Corn is not the only great need, and
in the production of which we can
engage. We are told that the world
is facing a shortage of hogs. Besides
the necessity of supplying the needs
of our own soldiers we ara being
called upon to furnish greater quan?
tities to the allies. The gravity of
the situation uhould not be misunder?
stood.
Each boy in South Carolina should
be asking, "V hat can I do?" You can
join the boy i' corn and pig club*
which are b< ng conducted by Clem
son College end the United States de?
partment of agriculture cooperating,
and be a producer of food, and there?
by help to feed a soldier?that soldier
may be your brother.
There are thousands of good, bright
boys on the 'arms of South Carolina,
practically ell of whom should be en?
rolled as members of the boys* corn
and pig clubi- and secure the splendid
training to be received from valuable
lessons taught them through the
study of the soil, cultural methods,
plant and i nimal life. Besides the
splendid profits that may be derived
therefrom.
If you arc interested, either get in
touch at once with your county farm
demonstratio si agent, who win te
glad to enrol! you, furnish you with
all necessary information and assht
you in getting your seed corn and a
good pig, or S ou may have your teach ?
er forward vour name to the county
agent, asking that you be enrolled. I
am sure he < r she will take pleasure
in assisting y ,u. You should not delay
this matter, afj the season is getting
late.
FLOOD IN NEW YORK.
Cloud Burst in Valley of Genoese In?
undates Town of H?rndl.
Rochester, March 14.?Scores of
families were driven from their homes
and all industries in Hornell are
paralyzed as I he result of a disastrous
Hood, due to a cloudburst whicn.
swept down the valley of the Genesso
early this morning, inundating one
third of the city.
No. 10670. REPORT OF THE OONDmON
?? Reserve District No. 5
Of the National Bank of S unter, at Sumter, in the State of South Caro?
lina, at the Close of Business, on March 4, 1018.
RESOURCES.
1. a Loans and discounts (except those shown in
b and c).$716,966.83
Total loans.$716,966.83
2. Overdrafts, secured, none; unsecured.,. 820..45
5. U. S. Bonds (other than Liberty Bonds of 1917 k
a U. S. bonds deposited to secure cirofUlal on
(par value). ?.m m ?? ?? 50,000.00
6. Liberty loan bonds:
a Liberty Loan bonds, I 1-2 per cent and 4 i>er
cent, unpledged.^ .... ... _ ... 20,000.00
e Securities other than U. S. bonds (not including
stocks) owned unpledged ., .. ?. 3,500.00
7. Bonds, securities, etc. (other than U. S.):
Total bonds, securities, etc .. -. 3,500.00
9. Stock of Federal Reserve Bank (50 per cent, of
subscription).^. ^ . 7,600.00
10. a Value of banking house.?.? 75,000.00
b Equity in banking hcuse ...... .... .. .. _ 76,000.00
11. Furniture and fixtures.^ M ^ .... 11,000.00
12. Real estate owned other than banking house .. 23 410 00
13. Lawful reserve with Federal Reserve bank. .. 42,731.91
14. Rems with Federal Reserve Bank in process
of collection (not. available as reserve) ...... 17 385 85
15. Cash in vault and net amounts due from nation
al banks. -? ~ .. 78,615.75
16. Net amounts due fron, banks, tankers, . .id
trust companies other than included in Items
13, 14, and 15.^ *ej w ee 325.0 )
17. Exchanges for clearing house. 11 599 18
19. Checks on banks located outside the city or town
of reporting bank and other cash items .. 2,334.42
20. Redemption fund with U. S. Treasurer u:id
due from U. S. Treasurer. 2,500.00
21. Interest earned but n )t collected, approximate
on notes and bills receivable not past due... _ 500.0(
Total.?.$1,064,189.39
LIABILITIES.
24. Capital stock paid in.?.$200,000.00
25. Surplus fund.?. ? V. ? ? 60,000.00
26 a Undivided profits.? ?. $26,314.20
b Less current expenses, interest, and taxes paid. 4,224.46 22,089.74
27. Interest and discount collected or credited,
in advance of maturity and not earned (ap?
proximate). ._, ?.^ M 3,000.00
30. Circulating notes outstanding. 50,000.00
33. Net amounts due to banks, bankers, and IrUflt
companies (other than included in Items 31 or
32).? . ? ... ~ ... 9,801.40
Total of items 32 and ?';3 ... .. ~ .. 9 801.40
Demand deposits (other :han bank deposits) sub?
ject to Reserve (deposits payable within 30 days):
34. Individual deposits subject to check. 459,806.47
35. Certificates of deposit due in less than 30 days
(other than for money borrowed).. .. .. 13.076.62
36. Certified cheeks.+m ? m ? ? 664.00
37. Cashier's checks outstanding . .w .. .... w 319.35
40. Dividends unpaid.W v* ??'*?? * - 76.00
Total of demand deposits (other than bank de
posits) subject to Reseive, Items 34, 3",
37, 38, 39, 40, and 41. 4 73.1*42.44
Time deposits subject to Reserve (payable nfb?
30 days, or subject to 30 days or moro notice,
and postal savings):
4 2. Certificates of deposit (other than for monev
borrowed). ?? ?? ?"?* *+ ? 67,252.61
46. Other time deposits.-w W W .. ? 188,103.20
Total of time deposits subject to Reserve, Items
42 43 4 4. and 4 5 .. .. ?? ?? ?? -55,355.81
Total.?.? $1,064,189.39
STATE OF SOUTH CAROLINA, County of Sumter, st
I. W. J. Crowson, Jr., Cashier of the above named bank, do solemnly
swear that the above statement Is true to the best a| my knowledge and
belief. w J CROWSON. JR., Caehier.
Subscribed and sworn to before me this 12th day of March, 1918.
r. a. Bradham, Notary Public. 4} ?
* R. B. BEL8ER,
D. R. MT ALTitTM.
HRNRT *\ MOSTCS, ^
sums gm *e eaul^si m. ~