The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1892-07-20
ESTABLISHED 1914
TOWN AND COUNTRY.
Some Of the Reasons Why People and
Money Gravitate Toward the vii.

lage.
something Is wrong-the money is all 60
ing 10 the towns" or words to this effect have
been largely used by q certain class Of orators.
Let rs see If anything Is really wrong. This
country is full of money, and all that any one
has to do to get an unlimited amount OF 1t is
to sell something. or what advantage would
II be to US II the currency was increased
hundred fold II we had nothing to SELL
One reason money is going 10 the towns
may be found in the fact that many farmers
as soon as they get rich move to town and are
no longer counted as farmers. Men come
lied from living In thickly settled commu-
nifty. No man who Is rich ever moves into
the country.
The people in town as rule, have greater
religious and educational advantages, and
have better opportunities for making money.
Protest. onal men, mechanics and laborers
can earn better wages
Men with money more readily find profita-
BILE uses for 1t in town.
Another reason lies in the fact, that men in
town, as rule, have greater dread OF mort
they should give mortgages they more gener-
ally strive TO reduce the debt, while on the
other hand, 1t seems that many owners Of
farming land can't sleep sound until they
ss SO
small, a neglected "death grip or mortgage
on farm will eventually ruin the owner.
One reason the farmer does not get rich
culture, he can find no profitable work dur
ing the long winter months. During that
time his expenses for labor and feed OF stock
Is os steadily g9blng ne had aP3G profitable
save expenses-many farmers would get rich,
who now remain poor.
The town man. on the other hand, may
work nearly every day in the year-if he so
determines.
Another reason that money goes to town
lies In the fact that money accumulates and
increases when placed at interest, and the
with 1t.
The people in the towns loan thousands up-
on thousands OF dollars to people In the coun-
try. The interest comes to the towns and OF
course enriches the town people in proper
tion as the debtors have paid interest.
The banks at Abbevlle, for instance, an
nually loan to the farmers perhaps in the
of the banks Is owned by town people, and Of
course they realize the Interest that the farm
ers pay, which is to them just that much
clear gain.
portance on interest as town people. and they
seem often to neglect TO calculate the results
of debt or the great damage they realize by
paying interest," Quite number of farmers,
scribed for stock in the Farmers Bank. They
pay IN their money and then borrow eighty
per, cent: OF their own money, dscounting
their notes to The bank at ten per CENTRE
notes for $50. On the s72 which they borrow
they pay s. in advance, while on the whole
500 they receive at the end OF each six
months 50, or Sc year on their S100-actually
paying 81 more interest on S72 than the bank
pays on Sl00. Many borrowers, however, are
beginning TO realize their mistake and are
selling their stock, and large per cent OF 1t
has gravitated toward the Court House
II q man Is out Of debt and feels like invest
ing in bank stock, the act Is all right, but we
hardly think that many men In town would
borrow money at ten per cent. discount to In
vest II In six per cent securities.
Another inconsistency OF our people lies In
the fact that although the school bonds of. the
town OF Abbeville le have been on the market
for two months, yet they are not all
taken. AS far as we are informed, not D sim
gle one OF them has been sold in the country.
Except few that were sold at Due West we
believe citizens OF the town of Abbeville have
taken all that have been sold up TO this time.
These bonds run for thirty years-the annual
interest-seven per cent.-is payable March
and September, and are non-taxable. Ac-
cording to our way of thinking better in
vestment could not be had, and II is surpris-
ing to us that more Of our people do not make
greater efforts to secure them before they are
all sold. II would be O nice thing to own
thirty year bonds with seven per cent inter-
est pay fable twice year. AS soon as the peo-
pie have bought all they want the banks will
have the opportunity Of taking whatever re-
mains unsold.