The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1892-05-04
THE TRADE LAST SATURDAY,
Great Activity In the Stores The
GOOD Work OF the Banks i'm Lend.
Ing Cheap Money.

Last Saturday the public square was filed
with wagons from the country. They came
for supplies. Those persons who had their
goods charged under lien were compelled 10
pay from twenty to thirty per cent. above
cash prices for a credit of six months. But
those OF our neighbOrs who had money in
their pockets bought their corn, bacon, flour
and whatever else they needed, at only a
slight advance on actual costs.
AS 1t is seldom that any farmer who has
saved his ready cash. needs 20 buy corn, il Is
fair TO presume that u large per cent. OF the
ready cash that passed over nut counters last
Saturday was borrowed out OF our banks.
As q few OF less discerning impecuniOus cit
liens have been led to believe that National
Banks are public enemy, let US look at the
actual facts In so far as our own Natloual
Bank is concerned.
The Abbeville National Bank In the course
OF the year, not counting merchants and
spectators extends direct accommodation
10 over five hundred needy persons. For
this accom- mediation the bank has been
charging only the very reasonable rate of ten
per cent. discount-or five per cent. for six
months.
Well, now, will anybody under the sun,
possessing q good heart and an ounce OF
brains, seek to destroy or cripple bank that
performs so important a function in the trade
and commerce OF the county?
The people OF every county In the State
have at some time taxed themselves and
their own property 10 build railroads. VIII
they now support n set OF new and untricd
politicians who seek TO destroy the inStitu-
lions OF which every self-respecting people
on the face of the earth Is most proud, name
ly: Their banks, their merchants, their rail-
roads?
Will the people endorse and vote for pOlii-
clans who tax their own property AT
thirty. or iorty, or fifty per cent. OF It's value,
just taxation from the corporations?
Are not such politicians simply leading u
crowd To rob the corporations by the forms
OF law, while they themselves are dodgiug
their honest taxes?
SO intent are the politicians OF to-day on de-
stroying the chief arteries Of trade and COM
merce in this State, that, We are informed,
at least nine bills were introduced into the
last Legislature interfering with the business
Of the railroads. and but for the fitcl, that
they,-like the spOlSmen who quarreled over
y division of their booty,-disagreed as TO the
forms or methods which should be adopted
in raining the structures of which all decent
people are ever proud, extraordinary legisla-
tion would have been enacted that would
have wrought great hardshipS.
The State Of South Carolina Itself Is now u.s.
ing all the machinery OF the Government to
extort taxes from the roailroads which are
believed to be unjust while it. is equally safe to
say that some of the officers OF the State are
notorious tax dodgers.
We want exact justice-eqnal rights to all
and special privileges to none. eWe don I
want Government that will make one man
pay more than his share of taxes, while eX-
cusing another from bearing just proportion
OF the burden.