The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1895-11-20
CORPORATIONS.
CONTINUED FROM PAGE ONE.

Mr.. Gage, continuing, said he simp-
ly wanted to makethose who took
the peoples money pay it back
it was simple matter. Mr.. Stanyarne
Wilson's amendment wanted to put
the matter in the hands of the legisla-
ture
Mr.. Wilson's substitute was then
put and voted kown.
Mr.. George Johnston'es substitute
was put and on motion OF Mr.. Floyd
it was tabled.
Mr.. Cages substitute was about to
BE- adopted, the vote being half
through when DR.. Zimmerman got
the floor and spoke against Mr.. Cages
measure, urging the points he had
made at the morning session.
DR.. Smith wanted to know if most
of the banks didu't pay interest on the
deposits.
| MIR. Cages amendment was then
adopted by vote of 67 to 36.
The whole section was then adopted
as follows:
Section IS. The stockholders of all
corporations in case of Insolvency shall
be Individually liable to the creditors
thereof only to the extent of the
amount remaining due to the corpora
ton: Provided, That stockholders in
| banks or banking institutions shall be
liable to depositors therein, in sum
equal in amount to their stock, and
| over and above the same.
NINETEEN AND TWENTY.
Sections 19 and 20 were then adopted
as follows:
Section 10. The general assembly
shall enfol ce the provisions of this ar
ticle by appropriate legislation.
Section 90 Nothing prohibited in
this article shall be permitted to be
done by any corporation or company,
person Or persons. either for
its or their own benefit or
otherwise; by its or their holding or
controlling in its or their own name
or otherwise, or in the name of any
other person or persons, or corpora
ton or company whomsoever ma
jority of the capital stock or of bonds
having voting power of any railroad
or trans portation company or corpora
ton created by or existing under the
laws of this State, or doing business
within this State.
SECTION THREE AGAIN
The Convention then recurred to
section 3.
Mr.. Glenn wanted to know what
they meant by public highway"
Mr.. Ragsdale rose and said the con-
vention had already passed section
providing that counties could issue
bonds for court expenses and public
highways, but it was expressly the in
tention not to allow them to issue
bonds for railroad, and if they were
called public highways in the Consti-
tuition it might give rise to serious
question whether bonds could not be
issued for them.
Dr. Stokes thought that even as the
use of the word railroad was surplus
age, the other terms used were not.
Railroads should be controlled like the
highways.
Mr.. Glenn moved to strike out the
first clause of the section.
Mr.. Stokes moved to table Mr..
Glenn's amendment, but this the con-
vention refused to do by vote of 46
to 81.
Mr.. Glenn's amendment was then
adopted, striking out the sentence
reading thus: call railroads and road
ways, canals and other waterways,
used in whole or in part by corpora
tons for the transportation of persons
or freight for hire are public high
ways
On motion Of Mr. Stokes, the word
sleeping car" was stricken out.
Mr.. Farrow moved to strike out the
sentence reading cit shall be unlaw-
full for any such corporation to make
any contract relieving it of its COM
mon law liability
Mr. Farrow argued that better rates
could be secured by such a release.
Mr.. W. B. Wilson thought that it
was a provision they should not strike
out. It was becoming general.
Mr.. Lee did not think that the COM
mittee had gone far enough and he
would like to add the words 'or limit
ing the same" The supreme court
had decided that the libility of the
common carrier could be limited.
There was danger which should be
avoided.
Mr.. Howell agreed with Mr. Farrow
on this matter. Rates would certainly
be higher. If man madesucha con-
tract or agreement, he knew what he
would get in case of loss in advance.
This proposed action was going too
far. This would put an additional ex-
pense upon the great mass of the peo-
pie
Mr.. McCalla said that Mr.. Lee was
eminently correct. The railroads had
forced him to release them from all
liability in shipping stock.
Mr.. Cooper Did I understand you
to say that they refused to ship unless
you shipped released?
Mr.. McCalla-You did.
The amendment was then voted
down.
The Lee amendment was then adopt
ed and then the whole section was
adopted as follows:
Section 8 All railroads, express,
canal and other corporations engaged
in transportation for hire, and all tele-
graph and other corporations engaged
in the business of transmitting intelli-
gence for hire, are common carriers in
their relative lines Of business, and
are subject to liability and taxation as
such. It shall be unlawful for any
such corporation to make any contract
relieving it of its common law liabili-
ty or limiting the same.
SECTION FOUR AGAIN.
Section 4 was taken up, and passed
as follows:
Section 4. Every other than religi::
Gus, educational, or benevolentassocia
tions, corporation organized or doing
business in this State shall have and