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JIA N KING K AC IU TI EiS.marstreratehor;rategre;merhere$37-atDaI he banking facilities are unequalled by any other town of the same size in this 2state. I here are I vap two banks here, both organized un- yea dcr State charters. The Hank of cd t Aiken, Mr. K Ji. Henderson, ypo I'resident, was incorporated by the jeon act of the Legislature in 1886, was valt duly organized 011 April 1st, 1887, tion tutu has done a large and prosper- Nor oits business ever since. The original capital was 530,000. This wasLund to be too small, and on Sepia er 1st, I.-vs, jr was increased con to $50,000. The management of Mo the bank has been able and conservative and profitable to the stockholders.I he Aiken County Loan and Savings Hank; Mr. W. \V. Wool-' sey, President, has just completed the second year of its existence with a very satisfactory result, haw ing earned during the two years of, „.v its operations dividends of 6 per j vrjd~ ’ i-vV ’.ir.m.m vvuil JnhviSlty an,f andpaid 5 per cent, per annum, semiannually to its depositors in its savings dej artment. It now- has a surplus of $1500, and undivided profits .on hand of 52,000, It’s capita! is also 550,000.I ho business of the town is sui nei 1 cient to afford steady use for the ‘lg,-rugate capital ot 5100,000, an I to enable the banks to obtain an average rate of discount through tac \eai ot uoout 8 jicr,cent. jk.t annum, and to obtain all first class 1 t|cr that they can safely h:tn-;cv, die. . ! rat- vt both ot these banks strangers I oa]may always rely on receivmg every ! h 1 1 c.isonable accommodation, and of no h-.vmg every facility extended to | hc. them for the transaction of busi- L\i ness.S19estjsideanddraista^.notits Its j cenCOl
Newspaper Details
Aiken Recorder
Aiken, South Carolina, US
Fri, Sep 19, 1890
Page 8
Full Page
Clipped by
Anonymous
USA 20 Mar 2025
Other Publications Near Aiken, South Carolina
Aiken Daily Mail
Aiken County Rambler
Aiken County Register
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