The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1892-05-11
Icoy AND THE BANK.
Further Statements From Both Sides OF
the Dispute-Statement From the
Bank-A $1,000 Mortgage as
New Feature.
1G.eenville News.

IACRENS, May, 0.-1Qe report VI
Senator Irby's speech yesterday was
very much condensed. He touched
upon a number of matters which I did
not mention. He expressed very cor
dial friendship for capital and was in
favor of trying to bringemore into the
State if it could be kept in legitimate
bounds ard could be restrained from
oppression.
He made the point that the State had
lost nothing by the alleged Coosaw
mismanagement, because tho rock was
still there and could be gotten out
hereafter. He said that if Tillman had
lot got in just when be did that the
Coosaw phosphate royalty might prob
ably have been gobbled up. He claimed
that farmers were taxed heavier than
bankers. He was in favor of taxing all
property at its real value.
The Senator thought the party should
stick together because "a bridge had to
be crossed in November and there was
some rotten timber in it," Ny con-
struction of this was that he thought q
third party movement possible, but he
did not make it clear further than that
there was some danger ofindependent-
ism.
His excuse for not attending to his
senatorial duties was that he was look
ing after the South Carolina Demo
cracy. He bad wanted to resign the
State chairma lship but had been ap-
pealed to to hold it because of his previ-
Gus successes in defeating the Haskell
movement, etc. There was no COM
plant when Hampton went deer hunt
ing and trout fishing or when Butler
came to South Carolina two or three
times during the session.
The Peoples Loan and Exchange
bank people deny positively that they
made any agreement to lend money at
fixed rate. They did at one time
lend money to certain alliances for 8
per cent, but they never bound them
selves by any agreement with the alli-
auce. The bank people attribute Sena-
tor Irby's vindictiveness toward them
to the fact that they refused to carry
any more OF his paper. They have his
note and mortgage over his house for
3,700 and say that he desired to have
them take his note for considerable
other monies, which they declined. 1t
is against the policy of the bank to
lend any one man so much. They are
now ready to make all this public.be-
cause Of Senator Irby's continued
attacks. These statements are given
by me on the authority of an officer of
the bank.
The county executive committee
elected G. P. Smith, chairman.
The supervisor of registrations Office
was crowded with negroes yesterday.
Hugh Workman, a prominent far
mer Of Hunters township, asks me to
say that be has been wrongly repre-
sented IS a Tillmanite- he is a
farmers movement man but is opposed
to Ben Iillman.
FROM SENATORS IRBY's SPEECH.
Laurens Advertiser.]
The Senator then took up the bank
episode and gave his version Of it
substantially:
That when there was talk of an alli-
ance bank here certain Laurens bank
had proposed to increase its capital
and let alliancemen have the stock
agreeing to lend the alliance money at
s or 9 per cent. That last winter the
bank broke its compact and charged -
per cent, while it could get money as
cheap as ever. That the bank agreed
to let him have stock and pay only the
difference between the interest and
dividends. That the bank never in
formed him that his notes were due.
He charged the bank with trying to
tie his hands aud keep him from pro-
testing against its methods. The Sena-
tor appealed to alliancemen present to
corroborate bis statements and num-
Der responded. He asked those present
who thought be had acted right with
regard to the bank to hold up their
hands. A large number of hands went
up. He then called on those who
thought he was wrong to do so and
not hand was lifted.