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POLK OOUNTY-NEWS, TRYOJT, WORTH CAROLINA
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Report of the Condition of the
The directors of Tthe Bank of saluda
are the most
progressive, influential and successful business
men in
this section and are as follows.
r
S ALU OA
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' et Saluda, in the State of North Carolina, at the close of
business, September 12, 1i9 19, V
Resources
V
Loans and Discounts. .................. . .$49485.69
Overdrafts, Secured. . . . . ....... .... ... ....... ... . . . 589. OQ
United States.Bonds and Liberty Bonds. . .... . . . , . ... . . .. . ....... 6200.00
Banking Houses $3720.77. Furniture and Fixtures $2500.00 . . . . . . . . .... . 62 20.77
AH other Real Estate owned . . . 750.00
Cash in vault and net amount due from banks, bankers and trust companies 1 741 8.93
Checks for clearing. . . . . . .............. r. .................. . 684.76
; Total............... ...................$81349.15
LSabiDStaes
Capital Stock paid in. $1 0000.00
'Undivided profits, less current expense, and taxes-paid. 773.41
Bills payable. NONE
Deposits subject to check. i . 45763.35
Time certificates of deposit . . . . . . . . 1 6409.60
Savings deposits. "... . . . ........... 13017.34
Cashier's Checks outstanding. 385.45
Total. ... . . . . A. . ..... . .: ............... ...... . . .$81349.15
STATiE OF NORTH CAROLINA,
County of Polk
I, P. H Bailey, Cashier of the above named bank, do solemnly swear that the
above statement is true to the best of my knowledge and belief.
, P. H. BAILEY, Cashier.
Subscribed and sworn to before me Correct Attest
this 24th day of Sept. 1919. J. M. Hearon,
H. B. Lane, D. M. Fraser,
Notary Public. - John B. Cannon.
' Directors.
HENRY P. CORWITH
Chairman Board Directors, owner Overbrook Orchard
PRESTON H. BAILEY
: ' Cashier
JOHN B CANNON
(banker of South Carolina) President
DONALD M. FRASER
(member of firm Sams-Fraser Lumber Co., Spartanburg S C
: ' Vice President '
ARCH B. CALVERT
- .. . .
Banker
JOHN M. HEARON
. . " Merchant
. '' WALTER JONES
Attorney
A. D. TURNER
Capitalist
R. B. STATON
Merchant
OEPOSDTSj
12, 1917 $30,882.39
epjt i 2, v G 8 ' $50,0S9.13
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Two years ago the BANK OF SALUDA was nrnb k I.,..
to give Saluda a live, progressive bankins: instituHnn whirh u,n,.M k M
(- .....v. irvum uc euuiuueu in everv
way to cam fi,r the growing necessity of a growing cgmmunity. This bank has resou
- ces now of approximately $100,000.00 and during the time it has been in operation,' the
banking resources of Saluda have increased $1 50.000.00. ' . .
To everyone desiring a home where good health is guaranteed, Saluda extends
lation to; come and live among her peeple; -
a cor-
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