Historical Newspapers of South Carolina

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SPEAKS OF BIO LOAN I TREASURER SHOWS GOVERNOR T( HAVE STATED FALSELY + ENTIRE RECORD IS GIVER Submits Lot tors From Banker Matthews and Coinpt roller Genera] Ton(is Which Flatly Contradicts tiie Statement Made by Goo. Bleasc in'His Message About the Loan. "I therefore deny the statements trmrlo in the mossatre of the governor. They are absolutely without foundation." This statement was contained in a communication addressed to the general assembly Tuesday night by K. If. Jennings, State treasurer, who Is a one-armed Confederate veteran, in replying to statements made by the governor with reference to the low rate of interest on the loan of $500,000 made to the State of South Carolina. "Again, the statement," continues Capt. Jennings, "made by the governor, that the money was on deposit here drawing interest for the State, is at variance with the records submitted." "Inasmuch as I am the person," he continues, "who gave out a statement. of tlie facts in regard to the money borrowed in 1011, and to which the language of the governor was doubtless directed when lie, in his message, said that 'Any report or correspondence to the contrary is a malicious falselioo 1 and was an erfort to rob me of the credit due me in securing this loan, I beg to state that the foregoing records and correspondence sustains the truth of my statements." The reply of Capt. Jennings, which contains letters /mm several, sustaining his position and discrediting the governor, will bo printed In the journal. The following is the reply of Capt. Jennings: To the Honorable, the General Assembly of the btate of South Carolina. Gentlemen: I gratefully accept the permission extended to me to submit this communication to your honorable body in regard to the money borrowed for the use of the State in 3 911. In presenting this matter I respectfully submit the entire record to show that no con'.ract, either written or oral, was entered into, by which the money borrowed was to bear interest while on deposit. Pursuant to an act. passed in 1911 authorizing the governor, comptroller general and treasurer to borrow for the use of the State $600,000, il to much be necessary, I addressed letters on the 11th of April, 1911, tc several bankers who had expressed a desire to handle the State's notes, requesting that they submit propositions, not later than April 17 Among tlie bids submitted wag one by J. P. Matthews, who is cashier ol the Palmetto National Bank of Columbia, as follows: Capt. It. II. Jennings, Treasurer ol the State of South Carolina, Co lumbia, S. C. Dear Sir: Complying with youi request in reference to loan to the State of South Carolina, $500,000 tc 5-C00.000, beg to advise that it wli be my pleasure to make you a rate of 3 per cent. If the entire amoun In riot wanted now, 1 will l>e glad t( make a rate of 3 J-2 per cent, tin money to be used as needed.' If, however, I am granted tin privilege of representing the Statas I have done in the past, i will gi to New York with a i epresentative o the State of South Carolina and ge the very best rate that it is possibl to obtain, giving the State the benefl ot iny connections and of my cxpc rienco in handling Die State's papei You know I have handled it for th last several years, and it lias bee my pleasure to have taken care c the State on all renewals requests If you will recall, during Die panic handled for the State a renewal < $1 00,000 nt the sumo rate enjoyc during the easy money market. (My bid contemplates taking care the paper when due, taking from tl State your checks on various ban! throughout South Carolina. 1 mig say for your information that 1 ha had to pay as much as $ 1.r?0 per tho eand to collect some of the items ta en In payment of your notes. I believe it would be to the int< est of tho State to lc\ me take a rc resentative to New York and cff< the best arrangement possible. This hid is submitted with the \ dorstanding that the paper it to delivered to me promptly if my 1 Is accepted. Yours very truly, /stoned 1 ,T P. Matthews. X '" O? Hid* Were Oi H'llOd, On the day fixed, April 17. the g< ernor was absent. Com))trollor G< cral Jones and I opened the b Which had been filed with me. Ota the 19th of April, the gov tior, comptroller general and ( met the .governor's office, when the bid J. P. Matthews was accepted and t contract awarded to him to furni $500,000 at 3 per etnt. interest. On the 20th of April lour notes for $100,000 each and two notes lor $50,000 each were prepared in the following form: I "Under and by virtue of an act of the general assembly of the State of South Carolina entitled An net to make appropriations to meet tlie ordinary expenses of the State govern. ment for the fiscal year commencing January 1, 1 01 1, and to provide for a tax sullicient to defray same. ! "The State of South Carolina, by Cole. U. Hlease, governor; It. 11. Jennings, treasurer, and A \V lones, [ comptroller general, on December 1, 1 !M I, promises 10 pay 10 im- wi1 der of .1. I'. Mattho'A'fc, the sum of one hundred thousand dollars ($ino.ono) value received, at the Hanover National hank, in the city of New York, with interest a re** date at the rate 1 of three per cent, per annum. "In witness whereof, the State of South Carolina has caused these j(resents to be executed by Cole. I.. Please, governor; R. 11. Jennings, tieasurer, and A. \V\ Jones, comptroller general, and the seal of the State to be attached the day and ycai above written." I signed these six notes as treasurer and delivered them to Mr. J. P. Matthews, cashier, who agreed to procure the signatures of I lie governor and comptroPor general, neither of whom could he seen at that time. Mr. J. P. Matthews receipted to me l'or these notes as follows: The Receipts. Received of R. If. Jennings, treasurer of the State of South Carolina, 'four notes of $100,000 each and two | notes of $50,000 eacn, all dated April 2 0, 1 911, payable December 31, 1911, with interest after date at the rate of three per cent, j We are to credit the State of South Carolina with $500,000, subject to their check for current expenses, and it is understood that if the State is I not able to pay these notes when due .that we are to have renewals payable during the month of January, ! 1 912. (Signed) J. J\ Matthews, Cashier. Correspondence Shown. In connection with the foregoing records, I submit the following correspondence: lion, A. W. Jones, Comptroller General of Columbia, S. C. Dear Sir: Will you state the facts in reference to the governor, comp; tioiler general and treasurer borrowing $500,000 to meet the expenses J of the State government for the year 1911, as provided in the approprla' tion act ? Was any agreement made whereby I the money borrowed was to draw interest while on deposit. Was any agreement ever made , during your administration whereby | 20 per cent, of tlio money borrowed was to remain on deposit? Yours 1 , very truly, (Signed) R. II. Jennings, j State Treasurer. ' | Hon. R. H. Jennings, State Treasurer ' j Columbia, S. C. Dear Sir: Replying to your lettei requesting that I "state the facts 1 relative to borrowing $500,000 tc 1 meet the expenses of the State government, as provided in the appropriation act 1911," I beg to say thai on the tenth of April, 1911, you sub , mitted to me the draft of a lettei L to several banks, asking for bids tc " I place the loan. On the 17t.h, the I day fixed for opening the bids, I at ^ tended at your ofiico. The govcrnoi ' , was absent. The following soalec bids were opened: Peoples' Nationa Hank of Rock Hill; the German!: * Savings hank of Charleston and J } P. Matthews, Columbia. Mr. Mat 1 thews' bid was the lowest. On tin 3 19th I attended at the governor'] t ollice. The bids were then placet 3 before Gov. hlease, and on my mo 3 tion the bid of Mr. J. P. Matthew at three per cent. Interest was ac 9 cepted. There wap no agreemen 0 hat the money borrowed was to drav 0 interest while on deposit, and I knov ' of no agreement ever being mad1 ^ that any portions of the moneys bor e rowed should bo kept on deposit t V r. 111-? vnrv frnlv. 5" I (Signed) A. W. Jones, r* Comptroller General. OI lice of Ctate Treasurer. 11 Mr. J .P. Matthews, Cashier the Pa "J motto National Pank, Columbia i S. C. T ^ Pear Sir: The governor In h . message to the general assembl; January Oth ultimo, under "Final of res" uses the following language 1 reference to money borrowed, to wi le kS "In some instances it has bet necessary to leave 20 per cent, on d ve Posit, but In tbi3 h(?rro\v, such w u. not the rase, and while the mom is on deposit here, it is drawing 1 terest for the State, thus fuithor i 3r.' during the net cost of the Ion ?p_ which has not yet b^en done here! ->ct fore." I in the same message, under "ere in- omy of my administration," the f bo lowing language is use: . . I jid low rate of interest at which mon was borrowed, the securing of Int< est on tlihi mono/ while on ( posit. . Since* the State las adopted t dv- policy of borrowing all the mon 3n- needed annually from, or throu Ids one hank, have you not handled such loans, and has ii ever boon n< or- essary or has ntiv agreement be in made to leavo 20 per cent, on < of posit? Was any agreement ma he whereby borrowed money wot Lah draw interest while on deposit, a if so with whom? I I request an 'mmedlate reply to this, as I desire to use It in a statement which I shall make to the gen- ( eral assembly. Yours very truly, (Signed) It. II. Jennings, State Treasurer. As to Interest. Capt. R. M. Jennings, Treasurer of State of South Carolina, Columbia. Dear Sir: Replying to your writ- ? ten request of the Mini, in reference to vour general Lccount with this | bank, beg to advise that there was no agreement made whereby we were | to pay you interest on your general , checking account. We have never | paid interest on any of the State's1 j accounts, except what, are known as I special interest, bearing accounts. Replying to vnur second question, , 1 as to the understanding that we have j Ihnil with von since the State lias! j adopted the po!ie.v of requesting bids j for rates, beg to advise that we have endeavored to secure for the State ' the very best rates that could be had, and it has been our pleasure to have received several awards. The State has never Indicated what amount of balance would be Kept with us on an average, nor j i have we ever bid or an average baj sis, as your requests for rates did not j take up this matter, and 1 f such a proposition had been made by us we felt that it would debar us from being able to secure the business . The proceeds of the first notes made each year have been paid out, j as a rule, promptly for pensions, and j when the second series of notes was I made, as a rule the money was used , to pay the interest on the State's debt. We have used our very best efforts every year to serve the Stace to the best of our ability. Trusting that this statement will , cover the matter, ?vo are Yours very truly, J. P. Matthews, Ca&liier. Stands on Record. Inasmuch as I am the person who gave out a statement of the facts in regard to the money borrowed in 1911 ,and to which the language of the governor was doubtless directed when he in his message said that "Any report or correspondence to the n contrary is a malicious falsehood and was an effort to rob me of the credit 1 due me in securing this loan." I beg to state that the foregoing records and correspondence sustains the ' truth of my statements which were 'i made not to claim credit?because at least once be tore during my a?miii-i istration and CJov. Ansel's second I term, the same amount of money was I . bororwed for the State at the same jrate of Interest and upon better terms ? . In which credit was not thought of. Again, the statement made by the [ governor that the money was on de5 posit here drawing interest for the State is at variance with the records submitted. I therefore deny the statements made in the message of the governor. They are absolutely without foundation. Very respectfully, ' R. It. Jennings, } State Treasurer. 41 A ANNEXED TO RICHLAND. t * . The Fork Section of Lexington So Voted Sometime Ago. > 3 Unless the veto of the governor is "'Interposed, a portion of the Dutch r . Fork section of Lexington county will I b^ annexed to Richland. The senv ate bill to this effect passed its third . reading in the house Friday and was - ordered enrolled. The Lexington del3 egation fought the passage of the bill a to the last ditch. 1 I An election was held in Dutch Fork - I during the summer of 1 D 1 0, and n s portion of this section voted in favor -J of annexing to Richland. The bill t carrying out the provisions of the v election passed the senate last session v and was sent to the house. On sece and reading the bill was recommitted - j to the judiciary committee on Feb;. | rnary 1G, 1911, and was reported back to the house on January 29, 1912. Friday it came up for third , reading. Mr. Wlngara movea to reuoiinim 1- tho bill, aiul a Ion,? debate ensued, v, i-y a vote of 51 to 31, the bouse refused to agree to Mi. Wingard's mole, tion. On the passage of the bill on v third reading there was more debate. ^ When tho final question was put, tho in'house voted 51 In favor of passing the bill and 4 4 against. m DRAW T1IE COIX)It LINE. eas ey Tolc Falls With Two * Linemen at n Carnival (irounris. 'On? At Tampa, Fla., Steve brown wat killed and R. S. Thompson was fatally hurt Monday when a pcie or m- which they w?rc working fell witl ol- [ Diem. Iloth of tnem arc linemen. At bo iron bolt six inches long was driver ey into brown's ear, penetrating hii cr- brain, and lie was dead when hell le- arrived. Thompson's skull is frac turcd and be is not expected to livi }10 until morning. The accident tool ,ey place at a carnival ground and wa gh witnessed by hundreds of horro all stricken persons. ec icn Ton of Gold Dust. le- A ton of gold dust arrived ever th ide : trail Thursday by dog team en rout lid to Seattle says a oiupatch from Sea nd 1 ward. Alaska. CIASSIFIEG COf UMN. low I'can, Soya, Velvet Beam, Cotton Seeds?(Jet ju' ilonue. YV11 let Seed Company, Auguatu. Ga. Silver Mottled Anemias?Kggs, 15 for $1.50. Diamukes strain. J. I?J. Smith, Gainesville, Ga. ' i Sell Fruit Trees?Gig profits by our plan. Liberal tei ms. Steady work. | Write today. Smith Bros., Concord, Ga., Dept. 1'U. ' ' - I -- 1 V rvi.tm nlaoa an. i'or nil11??w11e i - I.UI nu, f,",on < " closed bus; nearly new; cost $3 50. Will sell for $100 cash. J. J. Cunningham, Camden, S. C. T sell Fruit Trees?100 salesman I wanted in Southern States. 10asy terms. Prices right. Write today. Upson Nurseries, Vatesville, Cla. ivellerstrass Strain C'hrystal White ! Orpingtons?Drop a card te \V. A. 13. Fort, Marion Junction, Ala., for booklet containing useful information. Poultry and Hggs Wanted Highest market prices paid for Turkeys, Ceese, Ducks, Hens and fresh eggs. O. D. Sires & Co , Charleston, S. C. Fruit Trees for Sale?Peach, apple, pear, plum, grape, roses, privet, budded pecan. Cheap at closing out prices. Tjpson Nurseries, Vatesville, Ca. Delancy's Song Hook, No (1, con-j tains Alexander's Ragtime Band and 175 other late songs; price 12c. Wm. DeLaney, 117 Park Row, New York. I Raise Pekin Ducks; the ladies' pinmoney fowl; larger, better, easiest raised; splendid layers, $4 pair, $5 trio. Special pen prices, Peking Yards, 23G Ivy, Atlanta. Kcllnrstrasg Crystal White Orpingtons, descendants of "Peggy," settings $5 for 15; safe delivery guaranteed. C. C. C ?nlee, 10o South Third St., Memphis, Tenn. oi- Sale?Planting Seed. Long Staple Upland Cottcn at $1.50 per bushel. For further information apply J. It. Young & Jompr.ny, Box 413, Charleston, S. C. Mrs. Kodebark's Eczcnin Salve?Best skin remedy; cuts, sores, erysipelas, scrofula, 25c prepaid; satisfaction guaranteed. T. Rodeback fc Son, Colton Pldg., Toledo, Ohio. Bred to lay, bred to pay; young famous strain Single Comb White Leghorns, 2 00-egg strain, prize winners. Eggs booked $1.25 per setting of 15. J. W. Quick, Pageland, S. C. 10,000 White and Brown Leghorn Cockerels and laying Pullets. Bred for egg production. Poultry farms supplied with birds. Prices reasonable. American Poultry Plant, Cleveland, Ohio. Wanted?Men to take thirty days practical course in our machine shops and learn automobile business. Positions secured graduates, $25 per week and up. Charlotte Auto School, Charlotte, N. C. wauled?Men to tuKe thirij day r practical course In our machln? shops and learn automobile bun ness. Positions secured graduate* 125 per week and up Charlott.? Auto School, Charlotte, N C Cotton Seed?Cooks Improved Big Boll, grown from pure seed, ginned on farm; makes 1 to 2 bales per' acre; lint 4 0 lbs. per hundred; opens early. Price $1.50 per bu. J. II. Barnett, Westminster, S. C. Maternity Sanitarium?Private, refined, homelike, limited number of patients ?ared for, homes provided for infants; infants for adoption. Mrs. M. T. Mitchell, 26 Windsor Street, Atlanta, 3a. Sweet Potato Slips?I am headquarters for Florida Grown Pumpkin Yam Slips. My leading potato produced this season 7 56 bushels per acre. Price same as common stock. Write for booklet. J. R. Davis, Bartow, Fla. For Sale?Stallion. A black beauty; weight 1,100; $ years old; well trained (Combination), work anywhere; colts giving perfect satisfaction Price $500.00. For further information apply to A. U. Cooper, Clinton, S. C. i - Eggs for Sale?Your hens don't lay? i I have single comb brown leg? - j * - % i horns, prize winners, nren 10 jay. i $1.25 per 15 egg*. Mammoth Pei kin Ducks, fine stock. $1.25 per 9 11 eggs. I bred no stock akin. 1> J. L. Phillips, Orangeburg, S. C. o Dr. Salter cures Chronic Diseases, k Cancers, Tumors, Ulcers, Diseases s of Women, Nervcus Debility and r Prostration. Kpllepsy, St. Vitus Dance, Disease# of the Blood, Kidney, Liver, Heart, Lungs and Bowels, Dyspepsia, Indigestion, etc, e Honest and confidential treatment, e Afflicted, write or call for opinion, Medicine furnished. Charges moderate. Evidence of success fur V Its beneficim ??. ^ B flf fects are usually a felt very quickly P. Ma^es rich, red, pur< IB system?? clears the brain ? stre H ' A positive specific for Bloo Drives out Rheumatism and I IS a wonderful tonic and body-l I F. V. LIPPMAN. ^Jo. 24 iVlcWhorter Distrib For Two ami Three How Fu rr< Dressing Growing Crops, ail <1 f> in. Wide. : : : ADJUSTABLE : <'" ; :v.<LTv (; : ,. A - : v'W,^:;-A ,, r-r?- >v." ' l'il v-x/;: 4 ice I''. O. H. Factory $40. 11< One hand and one mule can do four hands and four mules. Il afford to do without this Distril W. M. Patrick, High Grade Field Mixson's Seeds Grow They are gn long axi) shout stadias the best varieties. Write us for p CX>HX, SOHGIIIM, MIIXF/I ? Our coin is Iligh-Dred South Car T Catalogue of alt Vegetable a | W. H. MIXSON SF I CIIAKLK8' LENGTHEN THE Do ors, Sash By insisting on having only those in your bu Idings. If your Dea write to us lor prices. Siock i orders executed quickly, L. WEATHER HO CHAI{IilOST< WE CAN FcRNl: CABBAGE ONION SETS, SW GET IM " F. W. MEYJ CHARLESTON, - EGGS BO * r ? ^ T>t v m r?n 1 Vt TLnrk I^Pfga. I i i) Ot vv . * y 11 a 1,0 * v ? I 5 S. C. Whit? Leghorn Eg*?, Chambe 15 S. C. White Orpingtons Egga, Cook 15 S. C. Brown Leghorn* Eggs, Chan 15 S. C. R. I. Red3 Egg* 15 White R. C. Wysnhotts Eggs, Fisbr II White Pekin Ducks Eggs Rankin <1 15 F. & W. I. R. Duc?t* Eggs, Whitfoi Special quotation* on 100 egg lot*. I exhibited blue ribbon wlnrer* at M B. GRANT, nished those 20111.lting M. T. Salter, 'M. D., 68 South Broad, Atlanta, Ga. I Egg* for Hatching?From prize winning strains of Buff and Partridge Wyandotte*, Black Langshana, and Thomaon'* Ringlet Barred Ply-1 mouth Rocks, winners wherever exhibited; on n:ne entries, won; nine premium* at the International Poultry Show in Atlanta, Ga. Catalogue free. Write or phone Dutch Fork Truck Farm, Route 2, Columbia, S. C. Mysterious Rlow to Family. At Louisville, Ky., two deaths in > one family, with another member in a critical condition, resulted from a 1 sudden and mysterious illness, the cause of which an autopsy held to1 ?1 tvV?t fnttori to reveal. The dead are: Ray Glbbs, aged 7 years, and Louise Glbbs, aged 5 years. Roy Glbbs, an , infant, may die. ? Governor Rlease should not trust > to his memory. It seems to be shock* Ingly defective. * weifulPermanent kg stubborn cases Good results are HQ yield to P. P. P. lasting?it cures |m when other medi- you to stay cured HPft einca are useless P. P. I 5 blood ? cleanses the entire ?. mglhcna digestion and nerves. d Poison and skin diseases. r9 ? - *- n ?tops tno fain; cnas m?wii?j m milder. Thousands endorse it. H SAVANNAH, GA. " J8 A) Horse Fertilizer utor xv Work, Sido and Top ISroadeasting Perfectly (J it. : : : i ^ Wl EFLS. S3?7 .. -f 7: ," ' '' ' / {aySs^Mm > >pper Capacity 127."> lbs. Fertilizer. more and better work tliao you use Fertilizer you can't butor. Order today. Address Woodward, S. C HtN *<>*<><>000+<7040&&0*4>Q and Farm Seed | own in the South for the South. t I FLAX I>C()TTO\. | rices and information. VELVET mC.WK, ICTC. | ol.na Corn, (let our Illustrated c , nd Farm Seeds T ^ ? -? ? ?* * * t r <J iEDCOiWAINY *' ro\, s. c. ? o life of your and Blinds : made of CYPRESS placed Lr h as no CYl RESS sloe k | izesalv\a)s on hand Special RN & SON M'F'cs >x, s. c. sh you \x ith PLANTS EET POTATOES fouch ER & SON - south carolina * R SALE Msherel strain $1.50 trlain strain 1.50 and Kelloratrosg 3.00 berlaln strain 1.00 1.50 M'ol strain 1.5 0 S- Bollock strain 1.50 'd strain 1.5 0 V the 1911 State Fair from the above. Phone 3009. R. F. D. No. 1. Darlington. S. C. THE SUMTER H VULCAN WORKS Tire Work .-"The Best Only." No. 105 South Salem Ave. SUMTER, S. C. Local and Long, Distance Phono No. 550?J. The most complete Rubber Works in the State, WIS BUY SCRAP 11UBHHR. Before Placing Your Orders for ^ Cabbage Plants <t Wiitc Us for Prices CHARLESTON FRUIT CO. I 92-4-6 Market St., CHARLESTON, S. C. I I 1