The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1892-04-20
RESOURCES.
LIABILITIES.

LIABILITIES
. Capital stock paid din.......-....."...S7 $4,000 0
surplus fund I3,oOo
Undivided profits. itS............".":.:."... 435
) National Bank notes outstanding. 1855 0
Individual deposits subject to check Co. l9l 4
, Demand certificates Of deposit......... T. :sT
Time certificates Of depost............ 2.l60 U
|. Due to State Banks and bankers Abb 8
Notes and bills re-discounted............ $4,000 "
Total. .s2l7, ,5ll G.
The capital stock and the surplus earning
have been loaned out to our citizens at the
rate of ten per cent. per annum. The presi
permit, and in order TO advance the interests
of all classes he has loaned this money tt
men in every pursuit-a very large per cent
being TO farmers with which to make theil
crops, or to use in other ways most advanta
geously. He loans out money Tor six months
at five per cent. discount. If the Bank hat
no existence the people would be compelled
to buy on credit at prices ranging from
twenty-five to fifty per cent. advance on cash
price.
Instead then of being an enemy TO the far
mer 1t IS plain TO any man of common sense
that the bank, to the extent Of its capital
| does more 10 foster the material welfare oi
the country than any other Institution.
The officers Of this bank are uniiormerly po.
lite to everybody, and they have had an eye
single TO the best interests of themselves and
their customers. In letting out the money OF
the National Bank, President smith has nev-
er asked a man whether he was friendly TO
| the banks, or whether he was Joining tn e
crusade against his institution.
| While he makes 1t point to stand to his
well known friends, he has not at any time
used his position, or withheld his capital, to
punish an enemy of National Banks.
| The railroad wreckers, bank Smashers and
| factory cruShers In other counties are also
making great hue and cry against Hon. j..
e. Sheppard because he is President of u
| bank.
In Abbevlle county that class OF people
thought Il bank SO important TO their own
bank. and elected men of their own way Of
thinking-wilh a single eXception-to the d.
| rectorship Of the bank. For instance, Mr.. J.
h. Blake, the President of the County ALI
is strong supporter OF 1t. The Vice-Pres-
dent, Hon. j. TOwnes Robertson, is an ortho.
doX Alliancemen, and believes the bank does
more good Than any other institution. d.
rector j. S. Graves Is an Alliancemun, an ell
thuSiastic friend OF the bank and majority
Of the stockholders are Alliancemen, and
they look to that bank for favors.
The newspapers which represent the senti-
ment OF the railroad wreckers, the bank
smashers, and the factory crushers, are at
tempting 10 hold Hon. ]. L; Orr up, TO public
ridicule because he is President OF a cotton
factory, and in his official capacity pays out
thousands OF dollars 10 those worthy people
who do honest labor In the mill which he
cor trolls. Has It come TO this that man Is
TO be deemed public enemy because he fur
nishes profitable employment 10 poor people?
Let IL also be remembered that Colouel Orr,
and the Company which ne represents, pro-
vides comfortable houses in which the opera
tives live. The factory people are furnished a
good school for their children, and preacher
of the gospel holds divine service for The bene
fit OF all who may live about the factory: Is
the presence of the school teacher and the
preacher, evidence OF the factory's enemity
10 the laboring people?
The railroad wreckers would make the pub
ttp bali hot ilrnn tnp ,rn
rolling in wealth, and yearly adding millions
10 their accum ulations. The facts are some
thing like this:
The South Carolina Railroad;
The Northeastern Railroad;
The Three C's Railroad;
The Georgia Central, or Spartanburg, and
Port Royal Railroad,
Are all in the hands Of Receivers, and are
there because Of inability TO pay their debts.
The Richmond and Danyilie has been on
the ragged edge OF Receivership for the last
render their lease OF the Georgia Central be.
cause OF inability to meet their obligations.
Besides this the earnings Of the Railroads
of this State for January and February of
this year were SiOO,OOO less than for the same
Il me last year.
The Georgia. Carolina and Northern Rail-
road Is not now earning much over half It's
running expenses, and pay ing nothing at all
to the stockhoderS-the men who paid out
their money TO build II.
1t is true that the Railroads are a magnifi-
cent property. But there is not a railroad In
the State that can make money with Rail-
road Commission to exact requirements for
the expenditure of money while cutting
down their rates of charges.
And If they could make u little money no
set of politicians have right 10 meet in
some office, and use the power OF the Govern
nent TO eXtort unjust. unfair, and unequal
taxation.
personal objection, and no special personal
preference for either Of the candidates for
Governor. Both are Edgetield men and both
are men Of ability. But we object 10 the de-
clared purposes OF the one and endorse the
principles OF the other.
Mr.. rlllman as a citizen would return his
cent. OF It's value, but the same man as Gov
ernor OF the State of South Carolina would
use his official position to crush out the rail-
roads by levying unequal and unjust taxa
tion on the corporation by assessing their
property at more than It's worth.
The people OF South Carolina, when In
normal condition, will do the right, and we
cannot believe that they will long sanction
this inIquitous warfare on citizens who have
contributed TO build our railroads, to estab-
lish banks for the welfare of the whole peo-
| pie, and TO set in motion the wheels OF mills
which give honest employment to deserving
and worthy people who need only the oppor-
| tunity to work.
The factories are blessing to the poor.
| The banks are blessing 10 all men who
| need TO borrow money.
| The railroads arc IL public necessity and
contribute TO the wealth and happiness of
the whole people-rich and poor.
| 1t is late day to discover that the most i'm
portat factors in peoples civilization ana
countrys prosperity are public enemies which
should be suppressed by the iron hand of the
law.
We have no word of abuse for those who
think that 1t Is Il sin 10 help the needy TO em-
ployment nor have we Il word TO say against
those who say that the National Banks are
injurious to the people. We would even en-
cuse those who lack discernment TO see that
the railroads are public benefactors.
Those who would strike down the distin-
gushing characteristics of the thrifty and
civilized world may be actuated by patriotic
motives, but We doubt their intelligence.
The declarations of those who fight rail-
roads and banks are unworthy OF cunSi1era-
ton and those who make warfare on the
three chief supports of II prosperous people
lack the elements of a safe leadership.
The main thing for people To do Is, TO make
provision for their own households. Even If
the agitatorS and extremists could make pud-
dings rain down, how would such Il state of
affairs benefit you, my friend, If you had Lo
spoon.
| Georgia hand made shoes have no equal for