The Union times. [volume] (Union, S.C.) 1894-1918, February 09, 1912, Page 4, Image 4
THE UNION TIMES
" " " ' ' 1 !
PUBLISHED EVERY FRIDAY
BY THE
UNION TIMES COMPANY
TIMES BUILDING, MAIN STREET
BELL PHONE NO. i.
LEWIS M. BICE Editor
Registered at the Postoffice in Union,
S. C.. as second-class mail matter
SUBSCRIPTION RATES:
One year * .91.00
Six months SO
ftliree months as
i ADVERTISEMENTS:
One square, first insertion 91-W
Evety subsequent insertion y
Contracts (or three months or longer
rill be made at reduced rates.
~ LEGAL NOTICES.
The regular legal rates are charged
for all notices published according
to law, which rates arc as follow--:
Matter to be set In 8 point, br? vler
solid type?flrst insertion, ,pcr rich
$1.00; each subsequent Insertion, per
Inch, GO cents.
Citation to Kindred and Creditors.
2 inches, 2 times. $4.50.
Final Discharge, 13-4 inches, 4
times, $4.50.
Administrator's or Executor's notices.
1*4 inches. 3 times, $2.50.
Obituary notices, tributes of rear
ect, resolutions and cards of thanks
LricUy one cent a word.
UNION, S. C.. FEB. !>. 1912.
Cut down the acreage of cotton;
increase the acreage of grain.
Rural police for Union county
would ho a move in the right direction.
The isolated communities1
need such protection.
It would he of some little inter(
to ! cnmtili.ti" el ! trmtmit of
the financial affairs of this town.
Assets and liabilities is what we desire
to sec. Just what does the
town possess and just what does it
owe. We would like very much to
see such a statement.
None of the open accounts of tin
town were reported in the recent
statement made by the city. What
are the open accounts? Five hundred
dollars? Five dollars of ten
thousand dollars? No statement
that does not include everything is
' " worth the paper upon which it is
written.
We have heard nothing but praise
for the split-log drag by those who
experimented with this implement
during the past few weeks. Messrs.
C. M. Bailey and Lorn Keisler made
one out of pine slabs and used it
upon the road, near Mr. Bailey's
. home. These gentlemen pronounce
themselves well pleased with the
,. split-log drag.
We wish to notify all candidates
thatfwe will charge 82.r>0 for announcement
cards, and, in view of
the low rate charged, we will require
the fee paid in advance. This
will be an invariable rule with us
and we feel sure no one can feel offended
when we give the same treatment
to each one.
We sincerely regret that every
firmer throughout the county could
not see the demonstration given at
the old Hanging Grounds Wednesday.
It was clearly shown that
dynamite is to play a large part in
the farming of the future. The exhibition
of stump blasting was great.
Mr. Farmer, inform yourself and
you will soon be ploughing fertile
spots where now you plough amum!
stumps. The best of your field is
idle so long as the stumps are there,
and you can get that good land into
cultivation at small cost if you will
hut investigate.
We publish elsewhere in this issue
a letter from one of our subseniors
advocating the establishment
of rural police for Union
rou.uy. 1 nat subscriber is a woman,
a widow living upon a farm in
the county and in an isolated community.
We most heartily concur
in her desire to see the county under
police protection. It would have a
most wholesome effect upon the
lawless in the sections remote from
the larger towns if it were known
that at any hour an officer of the,
<hw might pass that way. It would
he a protection to the women and
children living on the farms throughout
the county. We do not feel
tfiat the suppression of the liquor .
traffic in the rural districts is the
main thing to aim at in the estab-|ai
lishraent of the rural police. The J
protection of the homes in the rural "
districts is the main thing. n
JENNINGS TELLS o
FACTS ABOUT LOAN
k
(Continued from page 1)
of the items taken in payment of
yaur notes. \
I believe it would be to the interest
of the State to let me take a representative
to New York and effect
the best arrangement possible. n
This bid is submitted with the un- J
derstanding that the paper is to be a
delivered to mc promptly if my bid ii
is accepted. v
Yours very truly,
(Signed) J. P. Matthews. n
11IDS WERE OPENED.
On the day fixed, April 17. the ^
governor was absent. Comptroller
General Jones and I opened the bids
which had been filed with me.
On the 19th of April the gov- ^
ernor, comptroller general and I met
in the governor's office, when the ?<
bid of J. P. Matthews was accepted (|
and the contract awarded to him to <
furnish 8500,000 at 3 per cent, in- w
terrst- , *
On the 20th of April four notes
for 8100,000 each and two notes foi
850,000 each were prepared in tin
following form:
"Under and by virtue of an act u
of the general assembly of the Sbib
of South Carolina'entitled 'An act (
to make appropriations to meet the
ordinary expenses of the State government
for the fiscal year com- v>
mcneing January i, lyii.ancl tt? (j
provide for a tax sufficient to defray (
) 1
same.
"The State of Smith Carolina, by ,|
Cole L. U lease, governor; 11: H.
Jennings, treasurer, and A. \V t.
Jones, com pi roller general, on De
e.einlier HI, l'dll, promises to pay to
ihe order of J. I'. Matthews the sum
of one hundred thousand dollar(100,
ODO) value received, at the
Hanover National Hank, in the cit\
of New York, with interest aftei
late at the rate of "> per cent, pel
annum. t(
"In witness whereof, the State ot '
South Carolina has caused thes< 1
presents to he executed by Cole 1> 11
Hlease, governor; R. H. Jennings,
treasurer, and A. \Y. Jones, comp- *
troller general, and the seal of tie
State to be attached the day and ^
vear above written." k
I signed these six notes as treas a'
urer and dolivered them to Mr. J.
Pt Matthews, cashier, who agreed a;
to procure tho signatures of the gov h
ernor and comptroller general, nei- 11
ther of whom could be seen at that
time. Mr. J. 1\ Matthews receipted h
to me for these notes as follows: ^
b
THE RECEIPTS. t(
Received of R. H. Jennings, treasurer
of the State of South Carolina, w
four notes of 81,00,000 each and k
two notes of 850,000each, all dated h
April 20, 1941, payable December a;
31, 1911, with interest after date at ti
the rate of 3 per cent. p
We are to credit the State of w
South Carolina with" 8500.000, sub- t>
ject to their check for current expenses,
and it is understood that if nt
the State is not able to pay thes? ai
notes when due that we are to have a
renewals payable during the month w
of January, 1912. u
(Signed) J. P. Matthews, ri
Cashier.
CORRESPONDENT SHOWN. ^
In connection with the foregoing
records, 1 submit the following cor (>(
respondence:
H on. A. W. Jones, Comptroller
Central of Columbia, S. C.
c... nr.ii ?i
tyuai mm . %t 111 y**U MtiVU UK'
facts in reference to the governor,
comptroller general and treasurer
borrowing 8500,000 to meet the
expenses of the Slate government n
for the year 101 1, as provided in the p
appropriation act? il
Was any agreement made where w
l?y the inoiif y borrowed was to draw 44
interest u hile on d? po-it? t|
Was any agreement ever made h
during your administration whereby tl
20 per c< nt. of the money borrowed
was to remain on depositV Yours g,
very truly, si
(Signed) It. H. Jennings, w
State Treasurer. oi
Hon. It. II. Jennings, State Treas- di
urer, Columbia, S. C. A
Dear Sir: Replying to your letter ai
requesting thut. I "state the facts t|
relative to borrowing 8500,000* to ;l|
m /!/, I i /\ iV W '?f * h .. a ?*?>
.meet i? 11*? UA^riioua ui tur dllttt? (*l
government, as provided in the appropriation
act 1911," I beg to say g(
that on the tenth of April, 1911, p,
you submitted to me the draft of a .si
b-tter of several banks, asking for si
bids to place the loan. On tin- st
17th, the day fixed for opening the t|,
bids, 1 attended at your nlfice. Tim!
governor was absent. The following
sealed bids were opened: Peo
pies National Bank of Rock' Hill;
the Gertnauia Savings bank of
Charleston, and J. P. Matthews,
Columbia. Mr. Matthews' bid was p
the lowest. On the 19th I attended |
at the governor's oflice. The bids I
were then placed before Gov. Blease, L
nd on my motion the bid of 1 Mr. jl
. P. Matthews at three per cent. >
iterest was accepted. There was I
0 agreement that the money ( bor- *
)wed was to draw interest while on
apoeit, and I know of no agreement
rer being made that any portions
F the moneys borrowed should be
ept on deposit. Yours very truly.
(Signed) A. W. Jones,
Comptroller Gepeml.
Office of State Treasurer. M
Ir. J. P. Matthews, Cashiejr. tpe
Palmetto National Bank, Colum*
bia, S. C.
Dear Sir: The governor in his
lessagc to the general assembly^
anuary 9th hltimo, under "Finncos"
uses the following language
1 reference to money borrowed, Tto
ri*: -u--.
"In some instances it has been
eces8ary to leave 20 per cent, on
epoait, but in this borrow, suoh
as not the case, and while (ho
loney is on deposit here, it fs drawlg
interest for the 8tate, thus
jrther reducing the net cost of the
>an, which has not yet been done
cretoforc."
In the same message, under
economy of my administration,"
tie following language is used:
the low rate of interest at
hich money was bor rowed, the
^curing of interest on this money
rhile on deposit . . ."
Since the State lias adopted the
olicy of borrowing all the money
etded annually from, or through
ne bank, have you not handltfd all
uch loans, and has it ever been
eeessary or has any agreement been
lade to leave 20 per cent, ort de><
>sit? Was any agreement made
'hereby borrowed money would
raw interest while on deposit,/ and
: so with whom?
I request an immediate reply tp
liis, as I desire to use, it in a siate?ei:t
which I shall make to the genral
assembly.
Yours very truly,
( Signed) R. H. Jennings,
Slate Treasurer.
As- TO INTKRKHT.
apt. R. H. Jennings, Treasurer of
State of South Carolina .Columbia.
Dear Sir; Replying toyour writni
request of the 3rd, in reference
> your general account with this
ank, beg to advise that there was
o agreement made whereby we
ere to nav vou interest, on vour
eneral checking account. We have
ever paid interest on any of the
tate's accounts, except what are t
nown as special interest hearing |
ccounts. |
Replying to your second question, f
s to the understanding tlMaw^frg
ave had" with you since the Stat/
as adopted the policy of requesting i
ids for rates, beg to advise that we I
ave endeavored to secure for the "
tate the very best rates that could '
e had, and it has been our pleasure
> have received several awards.
The State has never indicated ^
hat amount of balance would be a
ept with us on an avetape, nor I
ave we ever bid on a balance basis,
3 your requests for rates did not '
ike up this matter, and if Btlch a *
rosposition had been made by us ^
e felt that it would debar us from j
eing able to secure the business.
The proceeds of the first notes <
lade each year have been paid out,
3 a rule, promptly for pensions,
nd when the second series of notes 1
as made, as a rule the money was
sed to pay the interest on the ,j
tate's debt.
We have used our very best ef>rts
every year to serve the State to f
le best of our ability. - 1
Trusting that this statement will 1
.iver the matter, we are
Yours very truly
3f. P. Matthews,
Cashier. /
\
STANDS ON RECORD.
Inasmuch rnt I am the person who
, i j?.t ? -
ivt; mit a suuemeni 01 ine iacts us
gard to the money borrowed in f
Ml, and to which the language of a
ie governor was doubtless directed c
hen lie in his message raid that
Any report or correspondence to .
ie contrary is a malicious false- ^
ootl and was an effort to rob me of 0
ie credit due mo in securing this 1
tan," I beg to state that the foreting
records and correspondence
isiains the truth of my statements |
hich were made not to claim
edit?because at least once before '
uring my administration and Gov.
nscl's second term, the same !
nount of money was borrowed for
ie State at the same rate of interest
id upon better terms in which
edit was not thought of.
Again, the statement made by the
ivernor that the money was on de
>sit here drawing interest for the <
late is at variance with the records ^
ihmitted. 1 therefore deny the
Hteinenis made in the message of <
le governor. They are absolutely \
ilhout foundation. (
Very respectfully, i
it. 11. Jennings,
State Treasurer.
? ?The State. <
1 i
Who is Ita ? '
li'
''*V ,r
' l. ' . * 7
....y'v-v :" d
| JUST RECEIVED!^ I
S A lot of $1.50 Shirts going at $1.00. 1|
S Come in and look at them. All the S |
# latest colors. Sizes 14 to 17. g |
{A great reduction in men's and *11
boys' Clothing. If you need any- Si
2 thing in men's and boys' Clothing ^ ;'
S we can save you money.' ?
m .
^ We nave on display all the lat- - JjJ
J| est woolens for men's suits. If you ^
a are thinking of buying a suit for ^
spring and summer come in and let m
us figure with you. Satisfaction g
a guaranteed. 0
a 0
a ?- " ^
a ^ 0
S Mutual Dry Goods Co., t
a ~ 0
1 UNION, - - S. C. 2
^Cfi3C<pCCCCCCCCCCCCC.CCCC
( city Candidates HaileV Haile's.
(^r rc-electori U> Suffice Muy or"c^ the ^ ^ '
: '"I hereby announce myself a candidate r . , ,V .1 J^m ^
Or election to the office of Mayor of the i - ~~ 1
Mty of Union, and pledge myeelf to abide ' ''
>y the decision of the Democratic __ __ _ _
'rimary election. . 'WW IT WT A ^ lfe
Have You Noticed
I hereby announce myself a candidate ML vf A 1 vl1 v W
or election to the office of Alderman for
Ward One, City of Union and pledge
nyself to abide by the decision of the
^.p^.w.n, m The difference in shoes as
T kf>rnhv annnnnno mtaplf a nnmlirlofo ^
they appear on people's feet?
?Dn^?t^ica^^?t^on Some don't fit right, conseftANmnATK
rARns^ quently do not feel right.
T!!!,?? This.is the thing that is 'pI
hereby announce myaelf a candidate OOSSlblG WhGIl YOU d63,1 With
or the ollice of Sheriff of Union County ^ ^
if the Democratic Primary election "io,"us. In the first place, we
J. W. Sanders. "1 "1 fl ' "1 *
Jtt'TSfacfJ aaift wouldnt let you buy a pair
of shoes that did not fit, and
?! in the second place our styles
St. Valentine's are right up-to-the-minute.
Hav Some Big Values in Shoes
M7UJ for men, women and chilFEB.
14, 1912 dren. Ask for our specials.
5ee our display of Vaien- PoIitf attention whether you
ines. We have a high COme tO lOOK Or bllV.
:lass line to select from.
Drops, Mounts, Fancy
2ards, Booklets, Scenic WW A' WW V "5
Displays and Comic Pos- I I /\ I I B ^
als. Make vour choice B B / m B I ^ B ^
>arly. "' * m. > _
THE REXALL STORE THE LEADING SHOE HOUSE.
(RE RICE DRVfi C.0 12 Main Street, h,v - ^ ; r Union, S. S.