Newspapers / The Pilot (Southern Pines, … / July 10, 1925, edition 1 / Page 4
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Page Four THE PILOT Friday, July 10, 1925 Friday, Ju A F"INANC In Middle Little more than a dozen years ago the Page Trust Company commenced business on a small scale inftn, and f roi million dollars and a rating that puts it among the foremost banking institutions of Central North Cai| The success of the company at Aberdeen was as swift as it was remarkable, for at the beginning dlfrom the tri rural financing. One of its first experiences was to face a war that broke over the world and financ^here were the Page Trust company saw that a new field had been plowed and that banks and all other business aflfail new line t right tack, and it secured money to carry on in the Sandhills and to keep business, especially farming, on lasis. Cotton, peaches and tobacco needed financing. The Page Trust Company was besieged for money, llgement rei the whole world was on the same errand. The Page Trust Company had sagacity to see that a financial Istrial revol] and that a far broader financial policy must prevail. With the financial backing that was possible the Sandhills made remarkable progress. The Page Tiipany with company’s affairs. To reach the territory in which it was growing a bank at Hamlet was included in thely’s operati( the company’s business grew and as the business grew the basis of work broadened. Other banks were alside of the There at Sanford the Page Trust Company showed one day the significance of a strong financial im which it h| work as soon as the town securities could be placed. The town authorities saw that considerable delay miiw the invesi to lag. But the Page Trust Company told Sanford to come to the bank, get the money start the work, re things m\ Pines when a big community improvement job was on there. The Page Trust ompany could provide bigfcn a day’s It began to dawn on the Sandhills country that a time had arrived when if a call came for big mon( to dig up at every little bank what could be found the Page Trust Company had reached a place where if the Page Trust Company not only has its own big line of assets, but it has a standing with the big banks interested. New York does things on a big scale, and with big concerns. But when the Page Trust Compi powers in North Carolina local financing, and as such is rated in the money centers of New York, Boston ai One of the first things the Page Trust Company began to realize was that any financial institution in| the policy of the company at an early date, and nowhere in the state has any bank been more attentive t( thing built up or every old institution that is strengthened is a future source of business to the bank. Wl and many a thousand dollars has been dug out of the big financial centers of the country at all times to fi The Page Trust Company does not dole out money indiscriminately to any one who asks for it. Tl, made will be repaid. But where a proposition is logical on its face and offers assurance that money put intj the Page Trust Company makes an effort to stand by it. This has had the effect of providing money for m| of the Sandhills has been furthered materially by the backing of the Page Trust Company. The Sandhills are now on the basis of a continuing and expanding prosperity which will be backed as now with ease what a few years ago was an extraordinary task for it. To carry on as it has been doing kind of business possible. Banking is nothing more or less than gathering up the small sums of money he| sums to men who are doing things. The people can help their community by keeping their surplus nw for use in helping business in the community. It is only a reasonable proposition that the Page Trust Company makes when it invites people with fto stand by your odd dollars fool away their time. Get every cent into the bank where it will be at work for the comwlnd in helpii communit; ints were n York, whic] its money o| lore. idhills musi [g the farm end in vie’ )usiness in :onsiderati bring a sa: •roject thatl bsly by the jpany invites ;here in idL the bank. THE T The Big Financial Instituwn Main Office, il>e
The Pilot (Southern Pines, N.C.)
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July 10, 1925, edition 1
4
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