Newspapers / Polk County News and … / Sept. 26, 1919, edition 1 / Page 7
Part of Polk County News and The Tryon Bee (Tryon, N.C.) / About this page
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TRYON Kr HesteTspent Tuesday in SpaG T Wilson' 0f Charlotte' ' M in Trvon Friday. V r Mrs H. H. Carson spent Mr. and 3ins lav in Spartanburg. S tlwin Lindsey was in Spartan N on business, Tuesday. V C. Robertson, of Saluda, !ita fv ours in T?:y0n' Tuesday A Edwards and daughter, Miss porcas,'of Mill Spring were in Tryon Thursday- , x Eva Missildine left, Tuesday for Spartanburg, wnere one wt at tend school. Rev E J. Jones will preach at Greens Creek church, Sunday morn iRfr at 11 o'clock. B L Ballenger returned from Knoxville, Saturday, where he had been on business. Ladies coat suits, capes and coats Georgette waists, at moderate prices at TheBallenger Co.. jliss Sallie Streadwick and Miss Lena Livingston spent a few days in Asheville this week. Coats Suits and . Coats, worth more than we ask for them. $30 to $45. -Rhodes & Streadwick. Geo. H. Holmes, wife and children, vho have been spending their vaca tion at St Simons, S. C, returned home Friday. . Mr. F. P. Bacon left Sunday for Philadelphia and New York, where he will' spend the week looking after business matters. . Mr. and Mrs. J. B. Reid, who have occupied the Lindsey property, on Melrose avenue for the past year, moved to Spartanburg Tuesday. Mr. P. G. Morris and family moved from Landrum to Tryon Tuesday and are occupying the property recently purchased from. Mr. Geo. B. Cobb. . For upholsterig and furniture re pairing at reasonable rates, and work that will give you satisfaction, give me a trial. You will be pleas ed with the work and prices. Ar thur Scruggs. Mr. and Mrs. J. S. Donahoo, of Marquette, Mich., who have been spending the summer here, -at Val halla, left for their home, Wednesday. taking a much needed rest at Skyland for several weeks, but expects to re turn to Tryon about the first of October, to reopen her school. Our stock of dress goods, furnish ings, and in fact everything for la dies and children is complete, and our prices are as low as is consistent with the quality of goods offered. Rhodes & Streadwick! - Dr. W. W. Gray and wife arrived in Tryon from Boothbay Harbor, Maine, Tuesday afternoon. They re port a very pleasant stay in that place during the summer, but are very glad to get back home. Mr. Clarence Morgan moved this eek to his new home recently purch ased of W. B. Wigel. Mr.Wigel is occupying Over the Way, which he purchased from Mrs. C. S. Corwin. Mrs. Fred Robertson, of Saluda, was in Tryon Tuesday. Elsewhere in this issue you will find the statement of condition of the Polk County banks. The showing speaks well for the progress Of our county, as nothing tells more readily whether a community is progressing or not than its bank statements and all of them show substantial gains. Compared with our bank resourses two years ago the increase has been considerably more than 100 per cent." Mrs. Eleanor Foster, of Bunceton, Mo., arrived in Tryon Saturday for a visit with her daughter, Mrs. Clarence Busk. V o ' VV PLK COUNTY BANK & TRUST COMPANY ' POLK COUNTY NEWS, TRYON, NOfcTH CAROLINA Wecldy News LcttFbm Peon : - 2 - " . I . .. . ! les Banfi & Trust Co. ElsewhfrA fn i will be found SSS S dition of this- bank at the close S busines&;on September 12th Al ciassmcation. Loans made to 0f ?tCeS,r d"'ectors' the of secS- Banks do not know when these statements will be called for, at best the time cti rnUr u ' 7L D.es? and tw fCT er r uc approximated call within nStat5 may m,ake another i SS i fi.xm? th books to make a good showing is mi w -r: 0," if -v ui me uuesuon even, if it. wp . , - "vi criminal oitense . . -uuiwuji tnese called c7ro?inS31.baiNorth i . " " - ""iu uy an expert at least once a year and oftener if deemed advisable by the Banking De partment. The RtofQ i" gue 11 . " wvuvi, endives tnese calls simultaniouslv wifi-, n stetemeCtrtr0Uer fr Nati0naI Bank Motth Carolina stands in the front of all stntoo i V. TT , . i vjiuon as ZO its 7xt Ctr hn? its banks- The laws OT Nftrrh i i -IX ivwa. are axmost identi cal with the National Bank laws, which time has proved to be the best for safegaurding depositors interests. If ymrcare to analize a bank state ment the following may throw some light on what some folks call a com plicated showing of figures. Like anything else it is easy when you get the run of it. At the top of the state ment the word "Resources" appear. All items under this heading is what the bank has to "pay off" with. Loans and discounts is the money i - in V.1IV vuuiiy on security that is approved by the officers and directors. Demand loans that are subject to call by the bank With TIO RnPOlfiorl rlifn , i Overdrafts are sums due the bank from careless customers who drew checks for more than they had in the bank with no specified date of pay ment. Overdrafts are sums due the bank. This old custom is being brought to a close as the State and good tanking discourages this ' prac tise and it is probable that in a short while it will be done away with en tirely. Some customers, under ex traordinary circumstances, occasion ally overdraw their accounts but be fore doing so they leave approved collateral with the bank to cover a possible overdraft then that is called a secured overdraft. United States and Liberty Bonds are bondsjn the banks as an invest ment or purchased for customers who have not Liberty Bonds deposited to secure noie is an item of the Fourth Liberty auan wnere customers purchased bonds, makiner a navmpnt. and borrowed money to .complete the payments and these bonds are depos ited with a corresnonrfpnt hanV wliii in turn has them deposited with Fed- erai Keserve bank to secure the bal ance of the money. This was a plan proposed by the Fourth Liberty Loan sales . -organization and it has" the ap- provai oi tne f ederal Keserve Jjank and this loan is carried at a low rate of interest which the customer gets the benefit." Liberty Bonds on Deposit are bonds representing Certificates of Deposit this bank has issued for these bonds, the bank paying in cash the interest coupons to customers as the interest falls due. Banking house, furniture and fix tures item covers the entire cost, of the banks real estate equipment. It is estimated that this bank could not build its building and equipment for double the sum we have invested. Disinterested persons have told us we have as good plant for modern bank ing as there is in Western North Carolina. In it will be found the most modern machinery and equip ment and no bank, however large has any better. Cash in vault and amounts'' due from banks etc. is the ready cash item. This item is regulated by law and we must keep it within the law. This sum is available for all our quick needs nd can not get below a stipulated minium set by the state. Checks for clearing iem is made up of checks that come in after the books are closed for that day usually aginst a bank in the same town. This completes the "Resources" col umn. Next is Libilites". Un der this heading is what the bank owes its depositors and stockholders aim is more reaany understood. (Jap ital stock needs no explaining. Un divided profits are the net earnings Of the bank UD to the rlo?P nf-hnsinesa that day. The surplus is a sum set asiue Dy directors to meet special contingencies. Bill payable is what the bank owes for borrowed money, usually from other banks. This Dame s mils payable item is entirely covered with Liberty Bonds as col lateral. All but $5,000.00 of this item in our statement was explained unuer xne "Kesourcs" column. Then in addition to this we have $5,000.00 borrowed- r.ovfrfH hv T.ihPTH-iT Tvnc as collateral. We have no open Bills payaDie. lne three deposit items are self explanatory but in passing it . may be mentioned in our Savings Department is includsd payments on Liberty Bonds where payments are not completed. Cashier's Checks outstanding are this bank's checks at a distance or for bank 'remitting, issued for customers who are buying at a distance or for the bank ronm tmg to some dislunt town 1'cr a col lection sent to the bank. This bar.k solicits the accounts of all persons and assures the maximum service and safoty. Its little over two years showing makes it a safe and sound institution to be tied to for it has the reputation of taking care of its customers. Will you help us make it a truly great bank with your patronage ? Thanks. Peoples Bank & TRYON, N. C. Trust Go. G. H. Hblmes, Pre - - j T Waldrop, Vice Pres. Walter Jones, Vice Pres. . . W. F. Little, Cashier V. A. Bland, Asst. Cash A in n o m nn elm THE 1920 MODELS (K SERIES) Te Polk County Bank & Trust Co., gently organized at Columbus ex pects to begin business about Oct 15. ls lnstitution has 80 stockholders, WnS f Columbus, Cooper Gap, sh lte 0ak and Greens Creek town 'Ps who have subscribed for $13,000 stock, no stockholder being allowed than 500 worth of stock, ten rS are Under way for a building, Mil k he erection of which they The f ed in the old court room Whv Tuje and fixtures have been 'bant directors of the new W" S- Cbb' PresidentJ Vvalk kson' vice President; W. E. mett c Pe presidentI W. T. Ham W Bi Shore' J- R- Sams, Fred naiiv eo,"; Cafhier' MrBlanton is a past few Ieveknd county but for the ith tk?ears has connected lotte ePleS Bank & Tru5t Co-. at Y6 VE SOLICIT Siding fJ1? for Flooring, Cefling, We 1, Mouldinini. PVamJnS actnrQ ... ' and sash.66 US fr lath bric.k' ' GBEEN LUMBER COMPANY, QUALITY has been the foremost consideration in the construction of the 1920 Model K Series. An estab lished standard of Buick construction that for years has given to the BuickValve-in-Head Motor Car a reputation of superiority . Upon such a foundation of strength, durability, and value has the 1920 Buick Series been designed and manufactured. An inspection of the new line will reveal improvements and refinements that are sure to please the most exacting purchaser. . Prices of the New Buick Series Model K-Six-44 Three-Pastenger Roadster . . $1495 Model K-Six-45 Five-Passenger Touring Car . . . 1495 Model K-Six-46 Touring Coupe . . . . . . 2085 Model K-Six-47 Five-Passenger Touring Sedan . . 2255 Model K-Six-49 Seven-PassengerTouring Car . . 1785 Model K-Six-50 Seven-Passenger Sedan . . . . 2695 r ' F. O. B. Flint, Michigan New limes Added Owing to the delay in getting a start to rebuild our store j we have decided to put in at bur present location a complete line of Dry Goods, Notions Furnishing Goods Shoes and Ladies Ready to Wear These goods are arriving almost daily, and we invite your inspection. Bought right, and sold right. . Wilkks & Co. Tryon9 N. C. Can Make COi AS. J. LYNCDi, Immediat Delivery i Tryoo, N. C. Statement of the Condition of the CAROLINA STATE BANK of SALUDA, N.C At the Close of Buiirv August 28th, 1 919. ASSETS - LIABILITIES Loans and Discounts $41,063.04 111 Stock $5,000.00 Overdrafu."...;. 186.08 M Fund.... 1.500.00 City of Saluda Bonds 6,000.00 (Undivided Profits 1,646.49 Dividends Not Called Ur 16,00 $75,360.48 U. S. and other Stocks and Bonds..... '..3.650.00 peposiu ..67,197.99 War Saving Stamps 251.40 Real Estate ....1,551.57 Furniture and Fixtures. 1 ,000.00 Exchanges for Clearing House... 220.35 Cash and Due from Banks... 2 1,438.04 $75,360.48 The above statement issued at the close of our business year just after th payment of our 8 per cent annual dividend. The past year has been the most profitable in the history of our bank, and we invite your attention to the following comparison of deposits with former years: ' 1917 ....$36,165.66 1918........ 53,286.50 1919 67,197.99 Our surplus and undivided profits more than cover the investment in real estate and furniture and fixtures. Our banking house, which is a goodtwd story brick building, would easily bring more than the conservative value at which it is carried on our books. We invite your account on the strength of the facilities we offer, and the safety afforded by conservative management. DAVID C. BARROW, President. Q. C. Sonner and W. C. Robertson, Vice Presidents H. B. Lane, Cashier ' " Miss Louise Lane, Assistant Cashier. Don't Forget that when you tore in need of anything in the line of general merchandise that . it is unnecessary for you to lose the time to make a trip to town. Come to us for Dry Goods, Notions, Groceries Star Brand Shoes, Etc. You will find our prices right, and our service is all you could ask. May we have the pleasure of serving you? Mill Spring, N. C. J. M. Lewis & Son The cheapest thins 5" PoOk courDty is tlhe (0) at $3.00 per year. SuIbscrBbe Now P Cnumty SALE AT A II If taken at once. Cash or reasoable . r terms. Two tenant houses, well built, in colored tenement district. Store house and lot on ' Trade street. GEO. A. GASH, Agt imsm Hnnt'i B&Its. formerly called Bunt's Car. U- gvaruiteM to top and pennueotlr eon that torrlbl. itching. Ii 1 com pounded for that dotbom and four aaoner will b. promptly refunded without qaeitlom If Hnntt 8alT. falls to ear. tch.Bcsema.Tetter. Ring Worm or any other akin dlMaac If th box. - For aal locally by ( MISSILDINE'SPH ARM ACY GEO, A. GASH JUSTICE OF THE PEACE -AND NOTARY PUBLIC. Collections a anecialbv. DiaH and Mortgages prepared, : and uontracis wntten at reasonable prices. TRYON, N, Ce V
Polk County News and The Tryon Bee (Tryon, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 26, 1919, edition 1
7
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