The watchman and southron. (Sumter, S.C.) 1881-1930, January 15, 1916, Image 8
?J?f?
vmi
Or CrilRKNCY
BAVK8 HAVE
ALL nlC?OftD8
. federal
TK 818
to Oontrroe* on Bus
Year WIMum Rccom
?e> Bank Low
it of Jaatk* to
JOB. I?).?"Develop
and growth no vor paralleled In
the shmncial history of / oauntry."
?IM woy John 8ke n William?,
snegtjtrolled of the currency. ascribes
Ts) |4 annual report to congraaa vthe
at the national bank 8 ander
during* the period from
ltll. to November, 1911. the
ander too FM ral rooervo
The report waa today pre*
to oongreoa.
?r. WUttam* gives a compara?
tive sUteinont of the conditio* of the
bank* to. back up bin stats
BO shows that net resources
Of gha tankt Increased In the y??ar $1.
t?e>ff.44S, that dopoaita Increased
[a i||l,|tl.lM.lt4 and that loana and dls
gfgMi genii sail ttl7.4st.ft0l. Avall
mjfm aaab tacroasod In the same period
litklti.m and on November 10,
|gm too leportrag national banks
1M4T iJjnim ronarvao of llbi.ooo.ooo.
Til lot show tbo comparative eondi
tj*t> of banks ln-lftlft and ltlft. In
; tit ft, there were 1,711 re
hmaan with net depots of $1,
t#t -anal tootsy and discounts
?JM.tOl, whale In November,
there wort lift resorting banks
g*j?osttS of iMtf.4Tl.447.
of $7,2M,lt4,l71
?old by tbo national
it. Ills,'* says the
by tftt'i.tOO.OOO the
star held at any
to too passage of the F oder.
Act. loans and discounts
to esore than the total
andv discounts of oil bank*. In
national. State, savings and
potato banks and loans and Unat
Into as tbo year IMS.**
ys that the "tanle?
af tbo United State*-the
circulation deposits,
Oil reporting banks, national
with an estimate of
go. fog non-te porting banks,
I ga iaaa, llU. to Mft.Mt,
naV tnofoaos Id a year of
IMlt.ltMlo Savings bank
try 176.JM dor
:-*csj
atWir onfS last Jans with to
of
isiondu
4?tt7,ftt.tll, no In
OOfftMlMtt. The avo-age
At, however, doer eased / from
gf so 1441.88, while t?* nam?
is* banks Immsaaod frost 1.10? to
oomptroller's principal recom
n for leglslsUon Is for an
snt to tbo bank law nuthorU
and dlroctlng tbo department of
os to bring salts against usurers
I tnforgantloa famished either by
or through other
? Other rssommsodattons given under
febeedlngv To Prevent Bank Failures,
ijpmoani 1 To prohibit offloers from
tsatilipliis front their own banks; to
to directors, oacept with
of tbo board; to require
and employsos to give surety
to limit direct and Indirect
to ono Individual, firm or cor
to prevent or limit over
r. to require certificates of de
to bo signed by two directors; to
sarsures on ths books of a
I to limit Interest paid on de
PS to authorise the establishment
In tbo United States; to
branches In Alaska and Insular
to authorise minimum In
t charges? which ordinarily
* bo uoortor*?on small loans
ts> authorise .e comptroller to
proceedings against directors
sustained by a hank through
04? ths bank act.
report renews the comptroller's
mendy/ions of last year for oth?
!atl >n. Including the giving of
authority to the comptroller to re?
move directors guilty of persistent vio?
lations of the bank act.
??Banks.1 says Mr. Williams, "noarty
are broken, not by bank rob
who have come from the out
side, not by failure of customers to
whom they have lent money, but by
tbs tying up -or dissipation of the
banks' funds through loans to their
own officers and directors, or else by
direct defalcations and emhessle
meats by trusted officers. If these
evlle are remedied?and they can be
remedied If certain simple and much
needed amendments can be secured to
National Baftk Act?failures among
1 banks can be reduced to a
bto number, or be absoluvely
eliminated
Mr. Williams shows there were four?
teen failures durlns the twelve months
ended October 81. In the last fifty
years, be says, there were 208 full
nrso attributable to crlmlnsl acts,
while Injudicious or careless banking
responsible for 194 others.
m comptroller devotes much space
IK BUS? MEN'S SUra
JOLLY GYM ft SEKVE LUNCHEON
IN PLEASING STYLE.
I Talks of Alms of Business Men's Club
aud Association Ideals by Messrs.
OdK 1>. Levy and Supt. S. H. Ed
rounds?W. M. Lovl Tells of Younj:
Men's Claas and Basketball Team?
O. E. Hurst Empluudzce Importance
of (gymnasium Training?Dr. Bris?
low Toils of Physical Examinations.
There were between seventy-five
land one hundred members of the
Young Men's Christian Association
present last night at the building
whenr a most delightful supper was
'gracefully served by the Jolly Gyms,
and Messrs. Oeo.vD. Levy and S. It.
Edmunds told some of thdtatms and
ideals of the Business Men's Club and
the Young Men's Christian Associa?
tion and called on the members of the
latter organisation to put more in?
terest into their work for the associa?
tion.
To tell the people of the organiz?
ation of the Business Men's Club and
to inject more life Into the workings
of the Y. M. C A. were the chief ob?
jects of the meeting and these objects
seemed to be well set forth In the
talks which were made. Mr. C. E.
Hurst told of the benefits of the gym?
nasium course and Mr. W. M. Levl
spoke of the enjoyment derived from
a participation in the exercises of the
young men's class and the business
men's class. He also called for a
hearty support of the basketball team,
which made a rood showing last year
and hopes to do as well, if not better,
this year. ?
In the absence of Mr. J. Z. Hearon,
who was kept away bn account of
business, Mr. W. I. Whitehead, the sec?
retary of the Business Men's Club,
presided. Mr. Whitehead made a
most efficient presiding officer and
pointed out during the evening a nunw
ber of objects which could be obtain?
ed by the club and the association
by closer alliance of the members
with the association. The occasion was
of the devising of the Business Men's
Club.
The guests assembled in the lobby
[of the association building and at
1.30 were cordially invited to repair
to the ladies parlor on the second
floor,, where tabhea were set and the
lovely young ladles of the Jolly Gyms
organisation were waiting to serve
the supper. The supper was not ah
elaborate one, but it was charmingly
served and prepared in a manner to
Jslight ths palate of any man, the
pprectatloB of 'the men of the ser?
vices of the young ladles being shown
by ths heartiness with which they ate.
? i i ii .I * .i
BOAT FOR NAVAL MILITIA.
Destroyer Will I*robabty be Turned
Over to South Carolina Battalion.
Columbia, Jan. 11.?Secretary Dan?
iels today notified Oov. Manning that
the Navy Department was contem?
plating the loan of a torpedo boat de?
stroyer to the South Carolina naval
militia. Gov. Manning, in reply, stat?
ed that all conditions would be met.
The boat will very probably be turned
over to the militia at an early date.
to presenting; his Bids of'his fight with
national banks to prevent the charg?
ing of usurious Interest rates. Ha
I gives tables of loanu by banks in dif
Iferont sections to back up his charge,
I aud says that complaints have come
of this practice particularly directed
against small banks in the South and
Southwest, West and Northwest.
"It is time," says the report, "for
[all banks of this country to realize
that the Federal Reserve Act was
framed to benefit not only the banks,
but also the customers of tho banks:
that one of the great objects of the
law was to decentralise the money of
thp country; to effect a more equitable
distribution of capita and do away
with the old system ^y which the re?
sources of our banku have been so
greatly concentrated in a few cities or
sections, there to be loaned out large?
ly on speculative ventures, whilo in
other regions money needed so urgent?
ly for the legitimate purpose of in?
dustry and of development has been
scarce and oftentimes obtainable only,
if at all. at rates Injurious if not pro?
hibitory."
Mr. Williams says that usury un?
checked means "depopulation, hope?
lessness, thriftlessness and resulting
loss of producing capacity." Ho clos?
es with the statement that intimate
connection with the affairs of his of?
fice has shown that tho large majority
of American bankers are h?hest and
anxious to obey the law??, patriotic and
Intent on building up their communi?
ties and the country.
Speaking of the Federal reserve
system Mr. Williams says tho with
Irawnl of reserve funds from banks
In tho large cities and their transfer
to reserve banks has not caused the
predicted "convulsion from which the
whole country would suffer. ' "Tho
business and commerce of the United
States," he points out in this connec?
tion, "have not contracted. They
have expanded to dimensions never
before reached."
CITY COUNCIL MEETING
AN NU Ali REPORT SHOWS FEWER
DRUNKS DURING PAST YEAR.
Number of Matters Acted on und oth?
er* Deferred at Regular Meeting?
TV> Put Light In Front of City Hall
|- ?Levy llesigna from Board of
Health?To Have City Insurance
With Local Company.
City Council held its regular semi?
monthly meeting last night with
[Councilman Booth absent. A large
number of matters wore gone over
I and action taken on some of them,
while otherft were deferred until a full
meeting of Council. .
Gaston Sandlfer requested per?
mission to install a gasoline Alling sta?
tion in front of his garage on East
Liberty street. Action was de?
ferred.
A request by Capt P. P. Finn for
la ha^ dozen or more quick hitch suits
'for firemen was referred to Council?
man Booth with power to act.
Chief Sumter made his monthly
|and yearly reports. He requested a
policeman to take the place of W. J.
McKagen, who had been elected
1 health offiser. Action was postponed.
He asked that Council define Broad
Street and Supervisor* White was re?
quested to see if parties along the
street would not give land for the
Widening of the sidewalk with a
view of also widening the street.
The Sumter Lighting Company
stated that a light could be installed
in front of the City Hall at a cost $5
and'that the cost of this light, to
burn all night, would be $1.50 a
month, the light to be 64 candle pow?
er. The company was authorized
I to put in the light at once.
A petition to sand-clay Chestnut
street was deferred.
The resignation of Mr. Geo. D. Levy
[as secretary of the Board of Health
iwas accepted. The election of W. J.
McKagen as health officer was con?
firmed.
A letter from I. C. Strauss request?
ing the installation of storm and sew?
er drains and the planting of shade
trees on Haynsworth street, on which
he stated his intention to build, was
received. The sewer line is' already
installed on the street and Council
stated its willingness to plant and care
for the trees, if they were furnished.
It was stated that storm drains were
not nesded on this street, as the nat?
ural drainage was sufficient to keep
the street dry.
Mr. Donnellson, representing Rock
mac paving appeared to present to
Council the advantages of Kis paving
material, which, he stated, was prac?
tically the same as bithulithlc, but
much cheaper. Council was much
Impressed with his statements.
The agent of tho Southern Express
Company asked that the license on
his company be reduced from $160 to
$100, which request was granted.
Mr. Rowland was authorized to con?
sult with Chief Sumter to 'determine
the purchase o* blankets for the cells
In the guard Rouse.
The report of the librarian for the
city library showed 3,735 books let
out since June; 1,471 members and
63 new books purchased at a cost of
$35.00.
The police report for December
showed: 67 arrests; 725 days; and
$818.60 taken in in fines, making a to?
tal of $963.60 for the month. Ar?
rests, 67; dismissed 4; not guilty 1;
transferred 1; contraband liquor de?
stroyed 38 gallons, 3 quarts, 1-2 pint.
The report for the year ending De
cember 31st showed arrests 800; cash
fines $6,408.23; number days earned
7.420. or $1,699, making a total of $8,
007.73; drunks 62, liquor destroyed,
68 gallons whiskey, one .quart, one
half pint; 15 gallons 4>eer.
A comparative statement with 19314
ishows:
1915 1914
Arrests., .800 938
Drunks. 62 103
Whiskey destroyed. .. 83 161
(Gross earnings ..$8,007.73 $8,024.57
A request from the Palmetto Insur?
ance Company that all of the city bus?
iness be given to that company
through tho local agencies was favor?
ably considered on condition that all
I of this insurance be reinsured with
other companies and the attachment
I of the certificates of reinsurance be
made to the individual insurar cc> pol?
icies.
Pope's Brother Dead,
Rome, Jan. 11.?Angelo Sarto, a
brother of (he late Pope Pius died to?
day. He was an humble postman in
tho government service.
Ir a letter from Charleston on Bat"
tin!..,. ?vas learned that among the
changes in the otncial ranks of the
Citadel Cadets, Cadet Wilson Spann,
son of Mr. and Mrs. Henry Spann of
this eity, was promoted from first lieu?
tenant to Cadet Lieutenant and Ad?
jutant, distinctively an honor and
one much coveted by the corps. Cadet
Spann's friends will no doubt he
gratified t<? hear of this appointment
which Is ?twsyt made on merit.
ANNUAL MEET1K6S Of BAMS.
STOCKHOLDERS GATHER TO
HEAR WHAT INSTITUTIONS
HAVE DONE DURING
YEAR.
Few Changes Made From Former
Years?Statements All Show Banks
to Be In Good Condition?List of
Officers and Directors Named.
Several of the banks of Sumter
held their annual stockholders' meet?
ing Tuesday and the statements pre?
sented by the officers of the banks
was In every instance in every way
pleasing to the stockholders, as the
business of the institutions during the
P^st year has been very successful. In'
most cases the former directors were
Ire-elected and the old officers chosen.
[A few changes were made.
The First National Bank of Sumter
I held its annual stockholders' meeting
I at noon Tuesday with a full attend?
ance, of stockholders, who were much
I pleaded with the statement made for
I the post year. The former directors
Iwere re-elected, as follows: Nelll
lO'Donnell, R. D. Lee, H. t>. Barnett.
IE. P. Rlcker, Archie China, Geo. F.
I Epperson, Geo. D. "Shore, W. B.
jUpshur, H. N. Forrester. The officers,
I are President, Neill O'Donnell; Vice
] President, R. D. Lee; Cashier, O.? L.
jYates.
I. Tho City National Bank stockhold?
ers' meeting was held at the bank. All
I of the former directors were re-elected
I except Mr. H. J. Harby, who declined
I to serve, owing to his frequent absence
I from the city. Mr. A. C. Phelps was
I elected'a director to fill the vacancy.
I The bank's showing for the past year
Ivae much better than for the preced
llng year and the prospects are exceed
llngly bright for business this year.
I The directors of the bank re-elected
Iwere: G. A. Lemmon, Perry Moses,
I Jr., Geo. L. Rlcker, W. B. Wilson,
IGeo. D. Levy, R. C. Williams, T. H.
I Clarke, H. M. Stuckey, C. L. Stubbs,
Ii. C. Strauss, W. W. Sibert, C. E.
I Hurst, H. Harby, E. L. Witherspoon
land A. C. Phelps. The officers of the
jbank are: President, G. A. Lemmon;
j Vice President, I. C. Strauss; Cashier,
IGeo. L. Rlcker;-Assistant Cashier, J.
IG. R. Wilder, who were all re-elected.
The National Bank of Sumter held
Iiis annual stockholders' meeting at
lone o'clock and elected directors. The
I directors will hold their meeting to
Jday to elect officers. The directors
I chosen were the same as last year,
land are as follows: J. P. Booth, D. D.
Moise, J. A. Mood, W. S. Manning, C.
iL. Cuttlno, D. R. McCallum, James
I Reaves, A. D. Harby, W. P. Shaw, H.
IP. Moses, Richard I. Manning, H. J.
IMcLaurin, Jr., R. B. Belser, B. W.
ISegars, S. A. Harvln, Bartow Walsh,
J?. H. Folley, H. C Haynsworth and
J Bernard Manning. The statement of
I the bank to the stockholders showed
I that the bank had had a very success
Jful year, its profits being over $18,
1000 during that time. An analysis of
J the statement shows that the bank is
I in exceptionally healthy condition to
start off the new year. The bank
J started off 1915 owing $351,000 all of
I which obligations were retired during
I the fall of the year.
I The annual report of the Peoples'
iBank at the annual meeting, of the
stockholders Tuesday showed the in
tstitutlon to be in a splendid condition,
I its business during the year having
j been better than last year. In fact
j so much pleased were the stockhold?
ers at the showing that they passed
la vote of thanks for the officers com
I plimenting them on their work during
I the year. The former directors were
lelyected, being Messrs. L. D. Jennings,
IB. C. Wallace, F. K. Holman, P. B.
Harvln, C. C. Beck, J. W. Shaw, M.
I Green, W. T. Brogdon, J. M. Bran?
don, C. P. Osteen, R. K. Wilder, F. D.
I Knight, Joel Davis, W. Sv Reynolds,
W. Perclval Smith,. Mr. S. W. Stubbs
resigned as vice president on account
of frequent absence from the city.
The officers elected were: President.
L. E'. Jennings; First Vice President,
B. C. Wallace; Second Vice President.
R. K. Wilder; Cashier, S. M. McLeod;
Assistant Cashier, A. M. Broughton;
Bookkeeper, B. C. Wallace, Jr.
PERSIA WAS UNDER CONVOY.
{Consul McNjecly Wrote Steamship
Would lie Guurded All the Way.
? Wilmington, N. C, Jan. 11.?The
British liner Persia, sunk in the Medi?
terranean, left London convoyed by
cruisers and destroyers and the escort
was to be maintained "all the way,"
according to a letter written by Con?
sul Robert Ney McNeely, who was lost
when the liner went down. The letter
was addressed to his mother, Mrs. W.
R. McNeely, at Waxhaw, N. C, wa*
mailed at Essex, England, Dec. 18,
the date the Persia left London for
Alexandria, Egypt, and was made
public here today by M. Pratt McXce
ly, brother of the late consul.
"We aro starting out from London
on tho Persia, a very good steamer,
convoyed by cruisers and destroyers
all the way, so it is said passage on
this steamer is entirely safe," wrote
Consul McNeely. He added that an?
other letter would be mailed from Gl
brsltar the ensuing Friday.
GARRISON ON CONSCRIPTION.
SCOTT SEES NO OTHER POSSI?
BILITY TO GET MEN.
Nearly 2,000,000 Men Would be Neces?
sary in Case of War, Staff Chief As?
serts.
Washington, Jan. 10.?Universal
military service in some form in the
United States, possibly the require?
ment that all men between 18 and 21
be given at least six months training,
as a substitute for the volunteer sys?
tem was discussed today before the
house military committee by Maj.
Gen. Scott, chief of staff of the
army.
j Gen. Scott told the committee that
the United States would need an
larmy of nearly 2,000,000 men in the
j event of war. It developed during
the hearings that there are more than
4,000,000 men in the country be
Itween the ages of 18 and 21 and that
1700,000 reach the age of 18 annually.
1 Short of a universal military re?
quirement, Gen. Scott thought the
I administration's continental army
plan offered the most workable solu?
tion of the nation's military problems,
j If the plan failed, he said, there was
Jno escape from compulsory service.
I Every country in Europe, he added,
I realized the truth of this and Eng
lland might better have realized it
sooner. With military study impos?
ed between 18 and 21 as a patriotic
[duty with nominal pay he thought it
{would cost the nation no more for
Ian adequate force than to maintain
its present establishment,
j Gen. Scott's statement that the
[country would need an army of
[nearly 2,000,000 In the event of war
[was questioned by Representative
Anthony, who asked if It would not
I be a physical impossibility for any
J power to land 500,000 men in the
United States In a period short of
60 days. Citing a table prepared by
the war college division of the gen?
eral staff under date of August, 1914,
Gen. Scott said Austria-Hungary had
the ships and men to send a force
of 72,000 In a first expedition and
1108,000 in a second within 60 days.
I "What would become of the 72.
1000?" Representative Anthony asked,
j The general said that If they were
well established with adequate big
I guns they would be hard to dislodge
I before reinforcements arrived. France,
the added, could send 170,000 men in
jthe first expedition and Germany
I S87.00Q.
Gen. Scott disclosed that the war
{department had prepared estimates
I for six mobile coast defense guns of
I calibre probably greater than 12
I inches to be fired from railroad cars
lor hauled on their own carriages by
I motor trucks. He said he understood
I that many contracts held by Ameri?
can firms for ammunition and arms
I to be exported were now a year old
I with no deliveries because of the
{time required to equip plants. For
(this reason he favored concentrating
I in advance all necessary guages and
tools to convert commercial plants to
I the needs of the American army in
[time of war.
I The committee will resume its
{hearing next Wednesday with Maj.
I Gen. Bliss, assistant chief of staff,
Ion the stand.
PERSIA VICTIM OF ACCIDENT.
May Have Been Sunk by Internal Ex?
plosion.
Washington, Jan. 11.?Information
contained in some of the affidavits
taken from the Persia survivors has
caused government experts here to
consider the possibility that the ship
might have been sunk by an internal
explosion rather than by a mine or
a submarine. No final opinion has
been reached.
The cabinet was in session more
than two hours today and it was un?
derstood that the submarine question,
including the Lusitania case, was dis
cssed.
President Wilson and Secretary
Lansing now are awaiting word from
Berlin on the Lusitania settlement,
j They expect the case will be closed
within the next week.
I
Extension of German and Austrian
assurances regarding submarine war?
fare in the Mediterranean to their
allies is still under consideration, but
it was said today that no definite steps
had been taken.
KING ARRESTED AGAIN,
Florence Man Released on Bail Has
Brief Freedom.
Florence, Jan. 11.?R. H. King, ar?
rested Sunday night for shooting
Buck Simpson and released this
morning on bond, ran amuck again
today in the north Florence section,
where the shooting had occurred and
was rearrested. The negroes of that
section fear him greatly and have ap?
plied to the police for protection. He
was rearrested within two hours of
his release for going to the house of
Joe Nelson, seeking again the -negro
woman, Lula McNeill, or Williams.
This case will he heard by the re?
corder in the morning.
STRIKE GALLED OFF.
MEN ACCEPT OFFER OF YOUNGS
TOWN COMPANY.
With Cliange in Situation, Command?
er Expects to Order National Guard
Away.
Youngstown, Ohio, Jan. 11.?Fred
C. Croxton of Columbus, Ohio, media?
tor sent here to adjust the wage dis?
pute in this district, announced to?
night that tho strike of the workers
at the plant of the Youngstown Sheet
and Tube company had been declared
off. The men at a mass meeting to?
night voted to accept the company's
offer of an increase in wages amount?
ing to about 10 per cent. The men
voted to return to work tomorrow.
The plant employs 9,500 men, not
all of whom, however, have buen on
a strike, although they were com?
pelled to quit work. Mr. Croxton is
endeavoring to settle the strike at the
plant or the Republic Iron and Steel
company and conferences of repre?
sentatives of the company and strik?
en* will be resumed tomorrow.
Announcement was made at head?
quarters of Brig. Gen. Speaks, In
command of the two regiments of
Ohio National Guard here, that as a
result of the change in the situation,
an order for the withdrawal Of militia
probably would be issued tomorrow.
John D. Rockefeller, Jr., in a tele?
gram received here late today, denied
charges made by Thomas H. Flynn,
general organizer for the American
Federation of Labor, that the Rocke?
feller interests were in any way in?
terested in the proposed merger of
big independent steel interests or
were directly responsible for the riot?
ing in Youngstown last Friday.
Mr. Flynn in his statement said
that the riot was part of a plan to
press the stock of the Youngstown
Sheet and Tube company so that con?
trol could be obtained and a merger
effected with several other com?
panies, in which the Colorado Fuel
find Iron company was to be Includ?
ed. When the telegram was received
Mr. Flynn at once replied that he
would, if Mr. Rockefeller desired,
submit to him the source of his in?
formation.
J. C. I)unbar Pleads for McLaurin's
Retention.
Editor Daily Item:
In casting about, we see John L.
McLaurin has some opposition as a
candidate for re-election to the po?
sition of State warehouse commission?
er. The writer has a slight personal
acquaintance and a general public ac
qulntance by reputation with the
gentleman who Is in the field to op?
pose McLaurin and thinks he is a
man of high motives and considerable
personal ability, but does not believe
there Is another man In the State who
can handle the warehouse systenh as
the present commissioner ban at this
stage of the institution. He is the
father of It and has studied It In all
of its phases and now must be fh a
position, after looking after all of its
details for one year, to suggest reme?
dies for all of Its defects, If any there
be, that it may be brought to a state
of perfection. While its enemies have
fought it and tried to overthrow it,
McLaurin has stood to the helm and
steered it clear of breakers and many
of the voters of South Carolina have
been benefited thereby. This is no
time to trade horses, for we need one
now that has already worked in the
harness and is pretty well trained. The
system still has its enemies who would
like to see it blotted out of existence
and should the- legislature make a
mistake in putting the wrong man at
the head of it and it come into dis?
repute through mismanagement, the
agricultural element of the State
would lose a great benefactor.
A conference between Gov. Manning
and Commissioner McLaurin to look
into all of the features of the sys?
tem was mentioned in the papers some
time ago and with a combination of
such brains behind it, it must develop
into a great power for good. The
governor is a man,of fine business per?
ception and, McLaurin, having had
one year's experience In the manage?
ment of the system, the two can of?
fer an amendment to the act establish?
ing it that will cover all of its de?
fective features..^ It would be an ex?
tremely bad blunder should the legis?
lature elect a man to that position,
matters not how pure his motives may
be, who under the present conditions
would intentionally do something that
would Injure it In tho eyes of those
who are willing and ready to put their
money in cotton, secured by State
warehouse receipts. McLaurin put his
might and soul in the fight, opposed
by many obstacles, in getting the bill
through that established the State
cotton warehouse system, and to put
him out at this stage of the proceed?
ings would show the spirit of an In*
grate on the part of those who favor
It and that of destruction on the part
of its enemies. It is hard to conceive
that the voters of the State will stand
for any such action by the legislature.
J. C. Dun bar.
Dalzcll, S. C, January 10, 1910.