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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Feb 16, 1982
Page
8
Paula B. Daniel compiles a local business roundup highlighting firms, shops, and services across the region. The piece profiles notable enterprises, noting specialties, contact details, and community roles.
Farmers and Merchants Bank released its 1981 annual report showing total assets up 13 percent to $129,282,297 and deposits rising 9 percent to $106,481,372. Gross operating income climbed to $14,381,302. net income reached $1,614,825 with earnings per share at $5.07. Dividends per share remained $1.00.
Sen. Ernest F. Hollings told the North Carolina Savings and Loan League that the U S faces economic trouble without budget revisions. He urged freezing defense spending and pay for federal workers plus ending or trimming Social Security cost of living increases and tax cuts over the next two years.
A 1981 study by Alexander Grant & Co. for COSMA ranks South Carolina high for manufacturing conditions. It reports the state with the lowest unproductive time loss 0.20 percent and near lowest union density 6.7 per 100 workers, while wages average 5.59 per hour. Florida leads nationwide.
A sales pitch explains that Kitty could save through a tax deferred IRA by depositing 19.23 weekly, potentially reaching 255800 in 30 years. It notes tax deductibility of yearly investments and future lower tax bracket, urging to contact a pro to set up an affordable IRA.
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