The Lancaster news. (Lancaster, S.C.) 1905-current, October 10, 1908, Page 4, Image 4
4
Haatasirc fto Z'Z:
(SEMI-WEEKLY.) ^
__ 1 jj00tl ,
SATURDAY, OCT. lO, lOOS. Kpecu
i _ - We hi
GUARANTY OF BANK DEPOSITS. ha ,
will Ij
The Anderson Mail makes the past,
unique point that the opposi'jon tually
of national hankers to the guar- posits
anty of bank deposits, as de- ested
clared at their convention in ,at'on
Denver last week, "is a strong .
argument in lavor of it." "It," 1,1 '
asks the Mail, "the national pa(j<
i 1 i. n in .insti*
UttHlitJIO Iltl V CU t l;WUllUOilV\? IU ~
their system and in each other, (U,lt
how can they expect the people, cle<ir
who make the deposits, to have w' .
confidence in them?" subjt
A Texas contemporary, the 8
El Passo News, in an editorial Nv?i
article on the same subject, says 1 ho 1
there is but one reason why the t,l( *lf
bankers are opposed to guaranty tllo'u",
of bank deposits, and that is, "the timc.
old feai of competition in your it tiop
own 'in* of business." But, the rc?mii
Texas paper goes on to state, the securi
fear is nnlounded, as gnarauteed from
banks need not increase the Why
number ot banks, that no more take I
banks can exist than the busi- Nul
ness warrants. Our coutcmpo* ,>rotul
, , natio:
rary adds: . .
J Ins sc
"As long as the strong, established itors;
institutions continue in the policy <>f e< Ikcc
secure and lirni business they will not got al
sutler. There will he no need to fear rotna
the little man who wants to open a posit
bank. There will he no need to fear a A 1
wildcat hank. Why? 15ocau.se it will that t
bo to the interest of nil banks to see of his
that no fake institutions do business, tnnkr
\nd when a bank is a fake other bank- The c
ers are the first to lind it out. bnnki
Hut the telling argument in the bank legisl
guaranty plan from the banker's stand- posib
point is this: Millions of dollars Hint eotnn
are now hoarded will be put in the will 1
vaults and Rive a tremendous impetus any t
to the banking business." for w
We do not think, however, ,un''
that it is so much (lie fear ol ,.t
conipeii'-ion that i- but In ring the Cye(j
bankers as Mm knowledge that
under the proposed system they jt'eip
will be taxed to maintain a guarantee
fund. This obje'ion has yy
been urged hv Taft and o'lmrs. fujj
In one ot his speeches the liepublican
c andidale for tho presidency
characterized the guaranty *pj
of deposit business as ak,pr 'po rajiJ
sition to tax the honest and [ ru ||,jrt
doit bani-.er to make up for the an0*
dishonesty ai d imprudence of j1!Sj
others." But Mr. Tail's argu- Tho
nuni is a specious one, as was haVfi
clearly shown by Mr. Bryan in p
his famous tpeech delivered a
few weeks ago on the subject of <<
guaranteed banks. Mr. Bryan bent
then said: mari
l.et us take the lirst sentence, that migl
"the honest and prudent banker would ^ j pi
be taxed to make up for the dishonesty ju jj..
and imprudence of others." Is not i
this true of all restrictions on banking-'
!>oes not the honest and prudent hank- .
er under existing laws suiter in order :
that the depositor may he protected
from the dishonest and imprudent? II
we had no banking laws at all, and
hanking was done by private individu- 'It
als, the honest am! prudent hanker wltic
would save the money that he now pd
pays for enforced examinations of his Cliro
hank, and he could at timos make in- jsj,
terest on a part of the money which lie | ^ J.i
is now required to keep in his vault as
a rigid reserve. I tut because some ^ ^
hankers are not prudent, these laws
place a burden upon the good as well
as upon the bad, it being difficult to
distinguish the prudent banker from to Ml
the imprudent one until a bank actual- t It ret
ly fails. (ho f
In like manner it might he said that qu(
if ail people were < a refill about lire, lire J^er?
insurance rates need not he as high as
they are. hut the eareftil have to pay
higher rates than they should because
some are not earoful. I.ife insurance
rates are higher than would be neces- sat 18
Sftry lo cover the actual risk if every- belie
body took faro ot Jiis health, ami here. IjrtIK
too, the cautious are burdened because fBtlll
tome are careless of their health. All thinl
insurance is open to the same objection, tIte 11
ami yet insurance of all forms is jjiow. preci
injr, and the insurance of depositors is
jfrowiny in popularity more rapidly
than any other form of insurance?and.
f may add. it yields the largest return <>r 0
<?n the investment. fftVO
Mr. Taft complains that "no one can
THE LANCASTER I
o the burden which under this unfavorable comi
n would be imposed upon the gut conditions,
and conservative bankers of the no* u<>pm In he ui
ry ?y U.I. obligation ,o m.Ue U,buTo7thal tL
the losses causod by tho reckloss, year8 .,,,0
tative and dishonest men," etc. , . ,* ,.
.. . . .. . are to be believec
tve the past to guide us, and we . ..
reason to bolievo that the loss 'Otity 01 Iiqut
e less In tho future than in the Occasionally a
because when banks become mu- Caught up with
responsible for each other's de- bll' some of then
they will bo sufficiently .inter- tha' they manage
in each other to favor better regu- elude the officers
and irreator restrictions. Ulinm ;? <n
w I^UI >c * v ? ucfev AV n
the same speech Mr. Bryan, well spent were
lis introductory remarks, tective employed
3 the reasonableness and jUg Up i]10 lignite
of the demand for tho se licrmen and otlie
y of depositors so plain and ]aw are bandici
that his position ?"d that eflVrts to sup pit
e Democratic party on the traffic by the lac
3Ct appears unassailable, personally know;
aid: engaged in the 1
y not make tlio depositor secure?
nited States government requires Miss Grace lb
iposit of specific security when it two weeks ago, til
its money to a national bank, al- p;ipei* thai whs <
li it can examine tho bank at any ag proj|y ap
the state requires security when j)ftg mf)ro preltl
osits money in a bank: tho county tQwn of iu I
res security and the city requires *
itv; even tlic )>anks roqulrosocurity IV,e,? .J*"
the oflleials who handle money. Banner offic
sliould the depositor l>o left to them are in tho
lis chances? ^ hen Abbeville
t, only is the depositor without show the pretty
ction, but the security given to there, and the
11, state, county and city lessens right MOW ?Aid
icurity. They are preferred cred- Jeanner.
they have a mortgage on the gilt Anything in a
I assets and the depositor must look * od fc(> .
long tho best ho can with what ^ w.jg
ins. Why an* the interests 01 uo_
4l % , 4 w ten to add, we h
ors thus neglected? 1 _
mnk asks deposits 011 the theory iwV3 OVOrdruv\
ilie depositor is sure of the return Abbeville S pictt
; money, and the laws ought to if lie WilhtS to se
the facts conform to the theory, fair printers in t
lepositor, tlic community and the come to Lancash
cr himself will he hcnoiitod by i tliroe attractive
ation which will give to every do j flows office.
>r the assurance that that whieli is j a
11uru to uit' Keeping oi l ho bank
>c nvuilnblo to meet Iiis needs nt t )ur fllOlld ail'
i 1110. Such is not the case today, Ddftll) lb". Jollll
hilc all banks arc reasonably sc- leading druggist
they arc not absolutely so. Ala., Seuda 119 K
paper ol that <
Jid you ever kiss a blue- that "Mrs. Mar;
1>1 n { ii-ks an ? xchange. coming to Birmi
-what do you think, of Has- directoire gowns
s lust letter to R.osevell?? e|9" ,0 attend tli
erton Mail. laney is quoted
hy, that letter is about as Qf my younii mc
ol meat as it blue-eyed fu| girls, coining
tie's kiss is of molasses. ble families, wht
~ 7",. make this trip
iey are still holding pri- amu-ement I
its in Richland county. The powns in tin
1 was bold Tuesday and still ten(l t0 ye tl]
her will be hold on the 2Jth ful and ,)rol>er.'
.to nominate a probate judge. . . * .
candid lies for that office *"cl ourl!"?
been weeded out to John Wtt.e* 98' , 0
anion and Lowio VV. Haskell. W1" ?I,0W -VC
can t ' c me ovi
Many a ten-cent man lies ^ou, lie^. '*ia J
aili a fl.OOO lombs'one," re- models this waj
hs the Georgian. And il antee t int llieji'l
it have added?manv a d?P?* bv 3,9
DO tomhsh.no lies about n ,hat ou,'; ,"0'u"1
want mi.n?A 1., ni e.V, Will fall O'
II, 1> u>; 14o?a v;iji mi * ,
dering fcno use
it ttie dead leu-center is at ?Pera house fo
not icsponsible for the the ,,m,'ving Pic
r m
- Mr. II. II. I'ardu
nee we cau remember thi? was 1,1 lown Wodne
e fir t national campaign in
h the bloody shirt has restin
the laundry. ? Augusta A Sample
nicle.
> wonder. 1 s old standard
er. Foraker, was put out ol
nission before he bad time
) the waving stunt.
ie Lancaster News alludes
io fact that it had ju-t been
i years last Saturday since
lisponsarv bad been voted a.\ ?. t -i
of l,??Ciifter county. I? that 1 Wl1
ihaw the improvement in hand for a
itions h is been marked, and Only, and 1
people ol this town are ala
unit in being perfectly M\gawg
tied with the change. We M#C f C
ve that there art people m ^
latter county who desire the JlITiC
rn of the dispensary, but we
k we can safely promise Also a nice
l that they will receive dies' Coats
iou-> little help in this quar-j and let US !
-Kershaw Era '
e hear ol no sentiment here;
'sewhere in the county jn ( lU|Vft TUTr
ol reestablishing dispeii- AtAI D. i"ld
s, but we do hear of a lot of mmm^mamM?,
MEWS, OCTOBER IP. I9Q8
ment upon preB- <
The people do
siting the proi
voted for three
curreut reports EVERY CENT YOU <
1, a considerable jgT
>r is being sold. J
TUC C P9T MAT
i are so shrewd 11111 A I wH
> to successfully I I I I VJ I I 111 I
of the law. We
ould be morey YIELDS A MONE
a first-class deto
aid in break I
(.ens, as the po I jj. meang money [n your DO(
r officer. of the I depend on getting it whe
apped in their I ? w ?QU te oy
u. (he Defer,00. | without financial emfc
' <uat ? Itv-J "I v;
n to the parties
)usineps. ^ establishes a credit which
emphill printed, row funds vYhen, such a ?
ie biggest county snl'y or advantageous.
aver printed by
itor. Abbeville A , . ., ,, r
, printers than And besides, you can t get t
izJ it. America, odd'Ii a?a,nst; J'011 that y?u
re in the Press wheree,
and three of
Medium ofliee. want an opportunity to
has Us beauty yOU what we have done fc
printers will be ' can f]0 for you.
prize is tbeirs
jevdle Press and
Regular examinations are m
i frock no doubt United States for the pr
ui old bachelor and our entire capital i
ou, but, wo has- ment Bonds, payable
ave 110 idea that
n the picture o!
y printers. Still. _
wwssi > The First Nat
er and meet the
younn ladies in LANCAST1
?
1 former towns
llough, now a
ol Birmingham, r| /v g~\ TITTOI
clipping from a
jity announcing ' ^
garot Delaney is - ingham
wiih her PUT6 Appi0r
i on living moiile
fair. Mrs. Ds* This is the best rust prool
a-s saying: "All
idels are beauti* ^
; from 1 especla- Ck pTQ T>P1
> were induced lo vj V> linj J
solely for the
am introducing i ar,CA?.ter S ( ' T "
e south and in* l^ollbdciltr, O. v_*. I .
iem both beauti*
nd, Dr. Hough, fl*if
me over and we ^
.u.? Since wo 1 rn Til I
er," John, can't m 1 1 1 *
nadam and her & nnr.M,.
Wo will guar- 1 when BROOM says t
l be met at the m thing to you. We are
r Hughes, and M .
friend, Dr.Mack- | on the beach, but we arc
per himseU ten- ^ some good things toget
VI ?J*o la 3HU yjaixj ? /\ 1 f .. . 1
r a display of J ?nlY a fcw ltemS quoted
tures " ^
? . m 22 yards good chocked Ilomspun
? " A pair solid Ilrogan shoes, 0 to 11 ....
0, of Fort Lawn, ^ ' .
sjav 20 yards, 23 inch Sea Island for
25 dozen 50c Shirts at only
M A pair T. I). Itarry & fo's., celebrated
K 1 suit Men's heavy ilcoced Underwear
Lot of ... I 1 suit Ladies' hoa\ v Ihnieed I'ndcrvvea
? 20 yards goods Outing for
???? a 20 yards full standard apron check ?iin
M 15 yards extra heavy, 1 yard wide wh
Cft** I W COME TO S
ored I H0RTH MA|N ST . f
| LANCASTER, S. C. A.J,
1 have on j^^^ni^unnagi
. few days ~ "
.. J . SPECIAL NOTICES. NT
ivill scl at AN
I>r. K. F. Hice will not attend the Association
now in session at Camp Creek \y
mggZa church, hut will preach at Beaver )(a
f f *f i9 ('reek tomorrow (Sunday) morning at sa|
10.30 o'clock. j,,
g) The Library Association will hold a by
meeting on Friday evening. Ullth inst. <
The puplic is cordially invited. Oys-f?:
lot Of I yd- I ^rii wsur> 11''
r_ii , The Commissonors of Flection for
' v^ail in State and County election arc rc,|uestcd of
iillOW thcill. I to meet in Lancaster on Thursday, the tin
| l.r?tb inst., to organize, appoint nana- of
__________ gen for the November election and to he
~~"~~ "" j transact stich other business ah may tin
"T~> 11 properly come before this board. The sai
|,I*V Jo 611 Commissioners of the Federal election Co
are requested to moet on same day at
same place. A.J.Clark.
?
?^
:an put into ^
01. HANK '
,Y RETURN.
iket?you can always
n you want it, and it
er periods of sickness
arrassment.
will enable you to bor1/MIVCA
1 \nnAm no r>o/inc_
i better bank, and its
won't get as good anytalk
to you?to show
>r others, and what we
i# .
ade by an officer of the
otection of depositors,
s invested in Governin
gold.
ional Bank d
mam -jr.rjwimrmar ?*sxaammnam*
urTC
Oats for Sale
: oat that grows.
p bushel
Y. WILLIAMS
hink it means some- B
not the only pebble
; continually rolling m
her in Merchandise. B^ ^ ^ ^
below:
. Si.oo m
$1.00
$1.00 W
$4.00 shoes $a..r)0 M
89c M
ir 89e P
$1.00 P
chains $1.00 P
itc Homespun $1.00 M
EE US. W
.BROOMCa)
otice Debtors and Creditors
All person* indebted to the estate of
. T. SlIKUANK, deceased, will make
yment to me at once, claims against
id estate should he presented to me,
lv attested, within the time proscribed
"law. MATTIK E. SIIKHANK,
>ct. It), 11)08?3-s. Administratrix.
Notice to Creditors.
Notice is hereby Riven that a meeting
the creditors of the Lancaster Furnlre
Company will he held in the office
the undersigned on Thursday, Octor
15th, 1008, at 10 o'clock a. m., for
? purpose of selecting an agent for
id creditors as re<iuired by Sec. 2830,
de of I.aws, 1902, Vol. 1.
W. I'. HOB1NSON,
)ct. 9, 1908?3-s. Assignee.
1 w