Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1848-07-05

In aNmismanagement in the affairs1of The
said Bank or lis Branches, if any such
have occurred (See Section 2.) Manl-
festly the object of this Acl was 20 enaoie
our Representatives and through t'eln
their observation-disclosures payers ihrouSh-
ought our S,ale-to acquire every year a
knowledge of the condition and transac-
lions cf lhe Bank, and a knowledge par
ticulariy" of "at misnanagement
General aud complete in formation oi Inc
onera,ious of the Bank, was the aim-lte
end-,he ckist good Of this ACT his
;nformaljou IS as required TO be given. not
n few friends, but TO The whole LeSlsa-
rure-,o' allsanh 10 e-ch OF our kepresen'
,a,ives aud Senators-!ae agents ol u!l.lt The
people. .sz. ~ 1T :, , ooa ,
The Committees appointed under II,
eiiher could not, or would not, lake The
f;mesrn procure a full understanding of
tfe real results of the I5ank>operations-or
else they must have been denied by us
Officers, in violation Of the spirit OF the
Charter. some necessary facilities or
means 10 couduc' The investigation
II is very easy to set, thai want .ol
time on i,e part of The Eommillee, would
beset The habit oftrusting to the statements
and calculations of The Bank officers, ami
thus practically make the 10Th Section of
The Charter The exclusive rule Of action IN
The premises h;ch Section, he ACT Gt
1924, was intended to amend; Otherwise,
ii was idle and supererosatory. Further.
more it seems, that The Legislature mao
cpme TO think that il really had no power
..to eramine minutely the affairs Of Me
Bank" according to the Act of 1924, and
consequently, during the Session ol lo43'
it>euac,ed, ."Tha, either Branch OF the
Lepislature, shall hereafter, vefull pow.
er and authority, 10 call for any intormq
lion which they may deem necessary fIonr
the Bank of the State of South Carolina
or the Branches thereof; and the said
Bank and Branches. are hereby required
TO furnish ana in formation called for by
either Branch OF the Legislature" What
is more, this Act is STYLED g an Act TO
restore 10 each Branch Of the Legislature,
the. right Of enduring into The finances ol
The State " hat does this w"rd ",re-
store" here mean? We submit, that this
Act in its purpose andpol,cy, is not differ
ent from the Act of 1924; and that II
neither ehlarges or facilitates the powers
and means of arriving AZ a knowledge Of
The condition Of the Bank. Its objecI
Then, was 10 bring back TO life, and to q
vigorous exercise, a power which had been
virtualty lost under the Act of 1924 II
was iacit acknowledgment that The Le-
sisla,ure, ,now (lS43), was to allinlents,
destitute of this power to call for any
>/information." " ''''...'..
We quote then, sir, The above clause Of
the Acl of 1S43, TO show that the AcI
Of 1924 was virtually, null and void,
and so regarded by The Legislature
But inasmuch as you consider US ignorant
of this subject-you can but desplse our
own thoughts, arguments, and conclusions;
perhaps however, YOU will condescend to
read The writings Of Others, especially
when coming from lhe supreme poier Of
our STATE. On page 262 Act Of Assem-
bly, 1913 and 2d clause OF said ACT -1lhs5
first clause IS above quoted you w'il tinu
that ssno,hing in this Act cun'alned, shall
impiy3a ,igh, 10 iuspec,tbe account o., o.. :.
priya,e individual body, pni';ss,o' cotPnr.
p'aI p,a S,;,h ," ,hs r Rs.-L-Sihisis is the existing
ave ave. |.sn H,ue land, technically aud pracl
caIly: and ii was practically the same.
up1er!the Act of 1924, and before the Act
Of 1913; the 2d clause of this latter Act,
is neither dcclaratofy or remedial, but SIM
ply explanatory ofythe first clause. 1T
,ha 1esn al, m n a
Legislature shall have "power and author
ityto call for any information which they
may deem necessary from the Bank" pro
vjded, this call does mol involve an inspec
lion Of ",he account Of any private indl.
vdual. body polite or corporate with the
Bank, THUS sayeth The law" But in
attempting TO keep US ou' Of 'hs ditch
YOU use the following language, viz
.'rhe Act uS24) is now in full force. un-
sl,orn ora particle of its beauty, and gives
full po;cer 10 Cotnniltees, 10 examine all
The books, aud every account and docn'
ment of the Bank, whether of officers
private indvidualsor any persnu." These
are your words; aud ii dsvolves upon you
10 reconcile The Act of 1S43 with this de-
claraiou, You say the Act of 1924 gives
:. full po,cer" 10 the Legislature by Ihei,
Committees To ascertain aud report all ans
every thing, in .esa,d to the, accounts %
.sprirate individuals. But Mr.. EImore
declares, tha, there. is no suc!! right ol
power in The Legislature. aud he q,oles the
Act of l543. not as declaring the power
but as a positive recoguilien, that all such
powsr is denied by the Charter, ndby al
subsequent g esislatipn in relation to The
Bank VOX POPULI.
From the Columbia Telegraph.
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