The herald and news. (Newberry S.C.) 1903-1937, March 31, 1905, Image 4
E. H. AULL, EDITOR.
Entered at the Postoffice at New
berry, S. C., as second class matter.
FRIDAY, MARCH 31, 1905
"Pay your editor in advance," is
the caption of an editorial in the
Newberry Herad and News. Oh that
we had an editor! One to "smooth
down," eradicate the "rough places,"
eliminate "wrong fonts" and con
struct a symmetrical head. How a
little judicious blue-penciling would
improve the average individual!-The
State.
It is a great pity that the State is
without an editor and we sympathize
with it very deeply. The plea for one
is really heartrending. Ve are so
sorry.
The electric light line has been cx
tended to Mollohon mill and one or
two lights have been pu on the hili
beyond the corporate limits of the
citv. We are glad to see the lights
being extended. There ought to be
another light between the two de
pots and some more are needed in
West End.
Ion E. Mitchell Seabrook, oi Edi
sto Island. is announced as a candi
date for lieutenant governor'
He is a farmer, and has had long
experience in the legislature and with
his knowledge of parliamentary law
would make a most excellent presid
ing officer of the senate. He is at
present chairman of the committee
, ,n agriculture of the legislature. And
with it all he is a fine fellow.
No one seems to be interested in
getting that new union depot for
Newberry. If the people would get
together on a location and
the matter properly we believe there
might be a prospect to secure the de
pot. But then it may be that we do
not ned and do not want a new union
station.
Mr. A. W. Arderson. who is a
Laure'ns county man, and who has
been the efficent superintendent of the
C. & W. C. railroad has been pro
moted to the position of general su
perintendent of the Atlantic Coast
Line with headquarers a Wlmington,
N. C. While we are glad tq note the
promotion which has come to Mr.
Anderson we are sorry to have hinm
removed from this section. He is
not only a first class railroad man but
with it all a most excellent gentle
man, and deserves all the good
things that have come to him.
The Graded School Matter.
The attorney general holds that
the county board of education has no
authority to order an election for
trustees for the Newberry graded
school in order to carry out the pro
visions of the act passed by the last
legislature. In fact it would seem to
be the duty of no one to order this
election and no. one has authority of
law to do so. The opinion of the
attorney general seems to us to be a
correct construction of the law.
The opinion rendered .by Assistant
Attorney General Townsend holds
tha te pesntboard holds over
until their successors unde teAc
of 1905, are duly elseted- and qualifie
and that they caia cont-i,nue :to dis"
charge the duties of trusteestil
that time. No hagzn can come t h
scho1 by the trustees ..holding over
and we trust nothlnwi ert don te
jeopardize the toU n~ 6 the
school. No good can .co.me t h
shool or the community by any fur
her p -ceig ad we trust nothing
-1 be done. If itisdir,th
preen lworather the Act of 1905,
can be amended at the nexttsession
chneyfo the saueeteiO.n of trust'ees
underyta Act. There is no occa
sondfr tany on to gt esccited. The
sho ol canyru ner gthe old board
asih a don and the interests of
he chldredn shuld be cqjsidered and
nth?g done to interfere witth
success of the schools.
Old people say they hv ee
known a March to have so many days
of beautiful spring weather such as
.-e haehad during the present
STRONGER
....AND
STRONGER
THE COMMERCIAL BANK,
capital $50,000 00
Surplus 27,000 00
JNO. M. KINARD, Fres.
3. F. V RIGHT, Cashier.
RaOl FhEFEREE
IN PROSPERITY CASE
(C-ntinied Fron First Pags.)
thlat ordinance appears on tne mm
utes. and it is evidently he same
men:ioned in minute book as pa4sed
j-,v 5th.". I so find. There seems
t. have been some doubt as to the
proper execution, and, possibly, the
eninene1ss, of this ordinance. but
.he testimony is, the ordinance was
I-a.;scd in council. The witness' r,c
U'icton is. that the ordinance was
aiso signed in council, but as to that
he was not exactly sure. I am satis
fied however. that the testimony will
sustain the finding that the ordi
nance, in every respect, was regularly
and properly passed and executed
The ordinance shows upon its face
that the money was being borrowed
-to carry on the affairs of the town."
There is no testimony going to show
that, when said note was negotiated
at the Palmetto Bank & Trust Co.,
the note then having the ordinance
attached to it the Palme:to Bank &
Trust Co. knew, or had any reason to
suspect. that it was being borrowed,
as alleged in teh complaint to be
used for the purpose of building or
buil.ng, of a town hali, market
for the purpose of assisting in the
house, guardhouse, or for any other
p r1) e than wiat was stat.d on the
ordinance. It is true the minute
hWok shows the $1000.00, to have been
brrcwed "for purpose of building
city hall." The explanation of coun
cil as to the apparent difference in
purpose f, - which the n.rc; '
' rr .wed is, that w.h , n it va4 deci4lcd
: -:-d. - inicil knew - .-- , .; *;*
to borrow some money with which
to hegin the building; I:at this fund
wa put into the common treasury
and paid out as needed, whether for;
material and work on building or for
ordinary current expenses. I can
impute no wrongdoing to council. I
accept this explanation, and so find.
This note for $1000.oo to the Pal
me~tto Bank & Trust Co. was taken
up by the Bank of Prosperity, and
renewal sealed notes were given in
1903 and 1904, respectively, under
authority of ordinance attached, and1
it is admitted that the question as to
the creation of the $100c.00 debt.
evidenced by the several notes for that
sum, was never submitted to the qual
ified voters of the town of Prosperity,
no an election held thereon.
The only deb' of said town on July
i. 1902. so far as the testimony
shows, when the debt of the $i000.00
was created, was the debt of $50oo
contracted for the purchase money of
the lot on which the building was
erected. The debt of $1000.00, now
dhe..thl e}~ank of Prosperity, the one
.the,pyment of which is sought to be
'enjoined herein, is the same debt that
was contracted on July II, 1902, with
the Pametto Bank & Trust Co.
Th'e testimony taken shows that
befre the.-debt of $1000.00 was made,
the town council made an estimate
of the cost of the building, such as
they a- first intended and expected
to eret; made an estimate of the
income of the town from all sources
for the remaining part of. the fiscal
year, and reached the conclusion tha':
with the money then to their credit
and the income to be collected from
then to the end of the year, they
ould pay off the note for $I50:0
given for the purchase money of the
lot, expend $x5oo-oo..on the contem
plate building, and, ~With economy,
still pay the ordinary current expens
es for the balance of the fiscal year.
But council fell far short of their es
imate, so much so, that on Septem
ber 8, 1902, following the completion
offh d..building, they were forced to
borrow $587.47 from the Bank of
Prosperity by giving its note, to be
ai in ne year. But this additional
I?A
This bank has .njoyed a continual
growth from the ti:ne it first opt-ned
its dours ior lusiness. Hence we be
iieve the pcople appreciate us. We
,re iow b-tter prepared than ever to
serve tne p) blic. While our past suc
cess has b ii gratifying, we desire to
,a:e the co;:ing year of 1905 show a
nore substantia; increase than ever
' e recive dcposits frzm $1.00 and
ipwards and on savings acc unts pay
S0UA rE LNTINiEiET
Ctnipounded Semi-annually.
). B 1'A R, Vice-Pres.
J. V McFALL, Asst. C sr.
indebtedness, was, no doubt, largely
due to the fact that council had in
creased the size and general efficiency
of the building which increased their
indebtedness for this purpose from
S165o.oo. as was at first estimated, to
2291.oi, thereby making an addition
al expenditure of $641.01.
I find that at the commencement
;) the fiscal year 1902-3, council had
on hand in cash $217.04; that its col
lections from that date to July Iith,
1002, amounted to $238.32, or a total
of $455.36: tha: from the commence
meint of said year to said 'date, coun
cil paid out on building $297.60, and
rn ordinary current expenses S14:.22
or a total of S440.82, thus leaving a
balance to their credit on July iith,
the sum of $14.5:.. Now, on the iith
July council had a balance in cash of
$14.54. owed a debt of $i5o.oo for the
p,:rchase money of lot, and intended
to erect a building at a cost of $1500
thus making the entire indebted
ness, so far as council then saw,
ST65o.oo. It is true the debt of $150-o
was not due until the 30th June, 1903,
a little less than 12 months, and it is
also true that council had not taken
into account the ordinary current ex
penses for the balarce of the year,
which they would have to meet. I
find that the total income for the
town for the fiscal year 1902-3, in
ciuding cash on hand at the com
mencement of said year, taxes, li
censes, fines, rents, etc., was $1832.19.
from this take the $440.82 above, thus
leaving available to council $1391.37,
which includes the $14.54 cash, with U
which to meet the ordinary current
expenses of the town from July iith
to the end of that fiscal year, with
w hich to pay the balance on the build
ing and lot debts of $165o.oo, to wit
$1352.40. The ordinary current ex
penses of the year I find were $1,- 0
144.35, of which amount $1001.I3 re
mained to be paid after July IIth,
$143.22 of said total expenses having
been paid prio.r to that time, so that
a balance of $687.84 would have been -
left on hands at the end of the year S
had not the debts of $1650.oo been
made. This as I find it wvas the
true financial condition of the town
at that time. And had it been possi
ble ~for cou'ncil to see in the future,
they would-have seen that as a result
of the making of this indebtedness
of $1650.0o, by the end of that fiscal
year, they would have had $1391-37
with which to pay a total indebted
ness of $2353.53, or, if the price of the -
lot be deducted, then $2203-53, leaving
a deficit, in one instance, of $962.16.
and in the other, of $8I2.16. The loan
then of $960.00, together with the iF
$39137, would not have' paid this
indebtedness by $2.16, and would
have overpaid by only $147.84 the in
debtedness of the town. not including.
the $150.0o for the lot, thus leaving
the town $2.16 in debt, besides the
$ooo.oo note.
But I find further. Instead of lim
iting the cost of the building and lot
to $1650.00 as it was estimated and at
first intended, council found it nee- o
essary to enlarge and to better equip
the building, so that the building t
when completed wvas done at a cost
of $2291.01, including cost: of lot. th;
Really, it was somewhat more, as no
account is taken here of any interest 0P
paid on these debts, except
sat
where we have cvharged cotin- th4
cil up to the actual mon
ey received. Even this sum was well l
spent, for, from the testimony, the ha
work was cheaply done and the peo- a
ple of the town. of Prosperity shouldaf
feel proud of this building. Thus theof
.to
additional cost over what was at first .
contemplated was $641.01, so that the
council, in order to meet this addi- fut
tional expense, borrowed of the Bank p
of Prosperity $587.47, giving its notew
wh
for $60o.oo, and interest, on Decem
ber 8, 1902, payaibie in one year. Thus'.
America's I
CORSI
Are you entirely sati
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a W. B. made which will
you are small, large, sl
We carry many shapes it
Front, Princess Hip, ?
Shorc Models.
127. Batiste Girdle for
87. Batiste 9-inch r
figures.
115. Batiste short waisi
654. Contelle short w4
929. Straight front for
918. Straight front Prii
917. Straight front Prii
Let us fit you in W. B.
Yours truly,
SC.IG.LM.
ust Received at
3D.Dave
ull line of
ra and Tomatoes. Baked Bear
omato Soup. Celery S;
Canned Apricots. Canned
Canned Corn. Canne
Saurkraut in Cans 10Oc. Le
eet Mixed Pickle in Keg and Bott
Nice line nice Chocolate Candy
Shelled Almonds.
Deviled Crabs 40c. Ca
Codfish Balls 25c
Lobsters 25c
Boneles:
Tript
K(ellum Sure Cure fol
pysicians prescrib
The public who ust
We recommend
Read Pamphie
At your dool
SGILDER, WEEKS 4
anuary, 1903, the town of Pros- viz., a
cty had outstanding against it the 'money
e notes mentioned, aggregating one n<
o.o and with no money to pay rowed
m. Being unable to meet the note due D'
ooo.oo due on that date to the of $ioc
netto Bank & Trust Co., the Bank
e was on said date taken up by the n<
Bank of Prosperity, and a sealed Trust
egiven for that sum, due January Januar
, 1904, which necessarily would So f
: to be paid by a.future. council, Trust
r the expriation of their term of the ori
ce, and out of taxes and licenses July '3
e levied and collected in another and th
a year, and thus to apply the tax $i000.0
s of a future fiscal year to the Bank
nent of a debt contracted in a of wha
r and different year. Therefore, from t
n the new council took charge t.ermi o
I 21st, 1903, the beginning of the expirei
l year 1903-4, they found the ini its
,n indebted by thse thre, notes find t1i
.eading
ETI
fied with the
ring? There is
fit you whether
ender or stout.
i stock, Straight
hort Waist and
small figures.
,iodel for small
model.
list model.
stout figures.
icess hip.
icess hip.
wer Co.
nport's
alad.
d Beans.
mon Cling Peaches.
at 40c. lb.
,lb.
Sardines 25c.
Sliced Ham in Cans 25c.
Indige8tion
e it.
it praise it.
and sell it.
SLHUNTER.
note for $150.00, for purchase
of lot, due 3oth June, 1903;
te for $60o.oo, for md~ney bor
from' the Bank of Prosperity,
c. 8ti, 1903; and another note.
o.oo, money iborrowed from the
f Prosperity, which took up
e to the Palmetto Bank 4
Co. for a like amount, due xoth
~, 1904.
ar as the ?almetto Bank -&.
Co. knew and was concerned,
ly obligation of the town on
.th, 1902, was the note for $z50
e note to it of $ioo0.oo. The
o borrowed of the Palmetta2
ir Trust Co. was not in excess
t the income, of, the. town was
he date of, the loan ntil the.
fthe office of the said council
in April, 1903s and was..with
income for, that year. .But -
at at the tirpet this- note.was.