Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1848-06-14

lnulcaleS dU nUutst uISpoSliiout W NeSf
the State fully advised Of the management
and situation fher Bank; and if its spiri!
and policy had been carried into practical
operation, the present Jealous opposition to
our Bank would never have been superln'
duced. to actual Encouragement on the
part of its Officers. But nothing is easier
than to deiraud the people, as Iopg as you
keep them ignorant Of the fact. \
1t is like indirect taxation, osensibly for
the purpose of revenue, but really or-pro-
teciou of monopoly. in whose welfare,
we have no interest-no hope of any civil,
or political advancement. l( all legisla-
lion Of such tendency were dives'ed of its
disg aise, aud the fraud exposed, il would
be impossible TO force free aud high.
minded people 10 submission. A salutary
and wise institution. has nothing To appre-
hend from the intelligence of The people.
IN fact. the greater the intelligence and in.
formation.-lhe greater The appreciation
Of its benefits, aud the more ardent is the
devotion TO it. 10 politics all mystery is
a, least pfima .tacie, if moi conctusiue evI-
dence ol fraud. There is no other motive
to concealment. This is true as regards
government and lis subjects, aud the re-
representatives. and their constituents. 1t
may MOI be true as regards the duty Of one
nation towards another. But in our mus
nicipal regulations it is our right to see
every step taken, and 10 know every opn'
ion entertained by our representatives. In
South Carolina il is not only righI-tut
an especial and pressing du'y; our govern
menl i, not fully democratic, and God for
bid that it eve: should be. We are more
republican, and exercise our sovereignty.
purely by constituting representatives.
Above all others then il becomes US 10
know, to analyze, and publicly to discuss
The political sentiments of those who are
candidates for our Legislature. In This
way we are amply able to dictate both
such men and measures as will guaranty
a successful and satisfactory operation of
our State Government.
Under these considerations We make the
inquiry, why have not our Senators and
Representatives, and their Commillee Of
Inspection all along, kept us advised-Ihat
the Bank out Of IFS profits was not paying
one dollar OF our debt, and thar by mis-
arrangement, it has lost half Of million of
dollars;-while as compensation, TO lis
officers, we have paid them Que million Of
dollars. Ignorance of the mismanage-
ment of our Bank, really seems to have
been the result. not Of indifference or in
adverlence, out Of deliberate design on the
part of our Legislature. For fear the Com
lniIiee of Inspection appointed 10 1924.
nigh, reveal some fact calculated to dis
please the people, aud wound the feelings
aud interest of some of the german bank Of
fcers, the Legislature as early as 1927.
added very material proviso, to lite du
ties of the Examining Committee. which
is az follows: provided, nevertheless. that
there shall be no examination or scrutiny Of
individuat accounts"
Here was bold regulation 10 conceal
the operations of The Bank; and one tn al
would conceal the names Of a .Jacnred
f,o. into whose hands The directors might
Ieud or giuc the public money. We. are
told that hey have lost five hundred tbou-
sand ddllars-but- not how or by whom
They themselves owe The Bank over 2 3
Of its capital proper, and they themselves
are the proper persons TO collect this a.
mount. Will they collect for themselves?
lf the directors are trustees of our. mo-
MES. and have appropriated large sums 10
their own private uses, which they are
mol able and willing TO replace, they are
gully of embezzlement. a crime in its na
turo Of the deepest die, and utmost magui-
tude. VOX POPULl.
CorreciionS.--In my las, communication
tho word answerabIe should be unanswer.
able, aud the word creditors should be
debtors.