Newspaper Page Text
LETTISH FROM MR. RIAL.
Giving Excellent Reasons For Patron
i/in". Home Enterprises.
Editor The Advertiser:
We have been thinking for Borne
time of asking space in your columns
to explain to the public the reason
why we organized The Home Trust
company, and the object of this coin,
pany. We will briefly state the rea
sons, thinking, porhaps, we can bo of
benefit to Hie public and knowing the
public can be of service to us. It
is well known that for a large part
of the year it Is exceedingly diflicult
to get money for fanning and other
operations, owing to the limited
amount of capital of our banks. The
promoters of this company, therefore.
thought there was a good Held here
for additional funds, besides the other
advantages which banks do not pos
sess. We named the company "Home
Trust Company" for the reason that
overy dollar of Its twenty-five thous
and dollar capital stock is owned in
the county, and we expect to double !
the capital. It is to be sincerely hoped
that ere long every member of every ;
white family, or pretty much every
family, will own some stock in some
bank or Trust company within the
county, or at least will have a bank
account. A great many of the colored
people are beginning to deposit their
money in the banks and. they too
should he aided and encouraged. Our
farmers are rapidly learning bow to
grow bettor crops, ami we are glad to
know that the market price is more
encouraging, and. probably will so
continue, than it ever lias beeil in the!
past. Therefore, our home people
will have some surplus money to in
vest. We all know that when we can
get people to begin to save their (
earnings, ami especially children, it
will not he long until they will Incul
cate this habit, and will have funds
for Investment. In fact, a line be
tween saving an.I spending is a very
narrow one. ami when once the habit
of taking cue of what we make is
llxcd upon us, our prosperity in life
is pretty much assured. It should he
a paramount endeavor of everyone to
save something of their daily, monthly
or yearly income, however littie they
may make. Unfortunately, owing to
our town having no railroads for a
long number of years after the War.
we did not get an even start with our
neighboring towns towards prosperi
ty. We were surrounded by railroads
on every side in other counties and
the trade from this county went to
help build up C. reen vlllo, I'liion.
Spnrtanburg, Honen Path. Newberry,
etc. We did not got a start until
we built roads along about Ins::. There
was no bank in this county until I88?.
There was very I it He trade in Lau
rens up to that time. Therefore, our
trade went to help build hanks in
other counties and help to lay the
foundations for their merchant's for
tunes. There were als?) cotton mills
in our adjoining counties pretty much
all the while, and it was not until
f800 that we had one in operation in
this county. Hence, you see we had;
very little opportunity to make money.
We should not he discouraged because
some of these other towns are ahead
of us. They simply had the advan
tages and got the start. What we
along with others. Pave been endeav
oring to do is to regain this trade
for our town and to build up our
banks, trust companies ami other
institutions. We need a great pull and
effort by not only our town people,
but our friends all over the county.
They come to town to attend court,
pay taxes and for other purposes, and
(hey "an purchase as cheaply here
an 1 lerhaps cheaper than they can
in other towns. It is our ambition
to have them move all their hank
accounts in the county and patronize
their home institutions. They know
US and we know them, and we are
beginning to be in position to extend
them every accommodation consistent
With good business. Of course we
are working more especially in the
interest of the Enterprise Rank, with
Which we are connected, but we are
not narrow enough to say but what
the public will receive good treatment
at the hands of any of our hanks.
if our people would encourage the
habit of depositing their money in
the banks, perhaps the banks could
aeconiodate their customers and would
get along without any necessity of
borrowing money from the North.
By depositing money in the bank, our
friends are relieved of the dangers
of losing it. having it stolen, burned
up, etc. and. moreover, they can check
it out any day they desire without
coining to town, and the check will
operate as a receipt. Not only this,
but they will be subserving the pub
lic?by putting their money In the
bnnk where it will circulate to the
Interests of evoryone. HesldeH if the
depositor desires to let the money
remain for a certain time the hanks
are willing to allow a fair interest.
My great ambition Is for the South,
and cspec'ally our county, to become
independent. The way to accomplish
tills is to depend upon our own re
sources and efforts first. In a con
versation last week to a president of
I a bank In nn adjoining county, he
; stated that last year his bank did not
I have to borrow a single penny. That
, county and those people are no bet
' ter than our people, but they have
learned the lesson of sell" help. The
deposits in this bank showed that its
citizens did not keep their money at j
home or wrapped up in their poc kets.
The deposits not only help the officials
of the bank, but help all the stockhold
ers, and we are glad to slate that a
great number of our people own stock
in banks. Some of our books will
show in the neighborhood of 200 stock
holders and these are increasing. We
are expecting to greatly increase out
number of depositors this fall and
hope to double amount of our depos.
Now more especially its to the Trust
company. Trust companies are some
what new in ibis pint of the South,
ami especially, in this county, yet
they are as old as banks in the busi
ness world. Hanks cannot loan money
for longer than a year. Trust com
panies can. National Hanks cannot
loan money on real estate?Trust
companies can One of the mos; use
ful purposes is to act as executor,
trustee, guardian .administrator, etc.
The Idea occurred to us that it would
bo exceedingly important to have
some strong institution act as execu
tor, guardian, etc. When one pre- i
pares his will he naturally thinks of I
the strongest person he can And to i
make executor. Very often there arc
no competent men in his family, and
he looks elsewhere for an executor.
This position is not one to be sort af
ter and very frequently successful
and responsible men decline to act
in this capacity. Not only this. even,
if they were to act. life is uncertain
and possibly it would not be long be
fore someone else would have to take
Charge of the estate. We have all
heard of too many instances where
executors, administrators, etc.. have
failed, squandered the estate, and the
beneficiary received little or .milling, i
At this time, while it great many of
our people carry a large amount of
insurance, and have very comforta
ble estates, they would like to feel
when they make their wills that the ,
party designated would receive the
benefits. Not only this, but frequent
ly executors and guardians are per
suaded to change tbe investment or
allow the beneficiary more advances
than they should on account of sym
pathy. Kven our best friend would
hesitate to accept the guardianship
of a very young child. This is all re
lieved in the case of the Trust com
pany. The ofilcors of the company
would say that all the capital of the'
Trust company is responsible for tbe
acts of its officials, and that the will ;
is its authority and cannot be changed.
Hence, the parly appointed the Trust
company will always Know nls or her
wishes will be carried out. We con
sider this one of the greatest needs
of our community, and trust we have
supplied the want.
In addition to this business, the
Trust company will take mortgages
on real estate and can endorse and '
have redtscounted thereby enabling
our people to have a little longer
time, if necessary, to pay for their
homes. It would be one of the great
est advancements to our county if
practically every farm could be cut
in two and another residence started,
and our young men encouraged to
remain here ami own their own homes
instead of going West. When a per
son becomes a land holder he becomes
a bettor citizen. Aiding our people
to purchase land and build homes is
one of our great efforts. Of course,'
the capital is so small that we can
not accomodnto many along this line
at present, but if the stockholders
think with me. we will Increase our
capital next January, Probably, by
that time we will be abb to pay a
dividend on the present capital. By
having more capita' and more de
posits, the Trust company and banks
will be able to aid the farmer to hold
their COttOU in case they desire to do
so. Not only this, but as the busi
ness grows, we expect to buy and
also sell mortgages on real estate.
Will have titles examined and guar
anteed, thereby, relieving the Investor
of a great deal of annoyance and re
These are only a few of the ad
vantages and reasons why we estab
lished this company, and we hope in
the near future to make It better
known, and that It will he of some
service at least to our fellow citizens.
We cordially InVttO the public to
come in and see US concerning all
the matters above mentioned nt any 1
time to suit their convenience.
Yours very truly.
Home Trust Company.
N. B. Dial, President.
c. h. Roper, Cashier,
Be sure and take a bottle of Cham-,
berlaln's Colic, Cholera and Diarrhoea
Remedy with you when starting on
your trip this summer. It cannot be
obtained on hoard the trains or steam
ers. Changes of Water and "?m.nto
often cause sudden attacks of diar
rhoea, and It Is best to be prepared.
Sold by Laurens Drug Co.
Summer Goods Must Go
The stock we have on hand, the remaining pieces of
h Goods, Refrigerators
Etc., Occupy Space That We Must Have!
l vi vil
There's just one sure, quick way to settle the question "How are we going to move these goods?"
and that is to sell them all
REGARDLESS OF COST!
= = AND THAT IS JUST WHAT WE ARE DOING! - -
The prices are cut exceedingly deep you never saw such low prices on quality goods in your life.
The biggest values ever and they are here for you.
-SPECIAL PRICES ON
Ice Cream Freezers and Water Coolers
Brush Runabouts - $485.00
E. JVl. F.--30 Touring Cars - $1,250.00
Flanders--20 Runabouts - $750.00
F. O. B. Factory
Swygert & Teague
South Harper Street - Phone 316
Statement Jan. ist, 1910, to Conn. Ins. Dep'tin't
National Fire Insurance Company
OF HARTFORD, CONN.
Capital Stock all Cash, $1,000,000.00
Fund? reserved to meet all Liabilities,
Re-Insurance Reserve, Legal Standard, 4,685,577.28
Unsettled Losses and Other (Maims, 802,8.)?.9ti
Net Surplus over Capital and Liabilities, 2,840,294.01
Total Assets January 1st, 1910, 9,328,707.25
J. J. ADAMS, Agent
In order to make room for
early Fall Stock
\ Sweeping Reductions
are made on all printed fabrics
of Summer Texture. In many
instances where prime cost
has lost it's identity.
W. 0. Wilson & Co.