The Lexington dispatch. [volume] (Lexington, South Carolina) 1870-1917, 1898-02-02
A Real Blood Remedy.
legislative Proceedings.

The following bills received their
third reading in the House, and were
sent to the Senate:
Bill to amend section Z of the code
relating to the service of summons
in Magistrates courts.
Bill to- prescribe the duties OF
electric telegraph companies as to re-
ceiving and transmitting dispatches
and to prescribe penalties for viola
tions.
Bill to protect boarding house and
inn keepers.
The insurance deposit bill was
amended, read third time and sent
to the Senate. The law in reference
to foreign insurance companies COM
mencing business in this State now
is that any insurance company or as
sociation is required to be possessed
OF 100000 surplus, or in lieu thereof
to have 100000 on deposit in some
State bank for the benefit of all policy
holders, or in lieu thereof to deposit
with the Treasurer of this State
valid State securities to the amount
of 100000. The bill as amended
reads as follows:
Section l. That it shall be unlaw-
full hereafter for any insurance COM
panY or association to transact any
business in this State unless pos
sessed of at least 100000 of sur
plus, or in lieu thereof shall file with
the Comptroller General the certif-
Gates of. the official of some State of
the Uoited States, under his hand
and official seal, that he holds on de-
rosit or in trust for the benefit of all
the policy holders or members of
such company or association securi-
ties worth at least 100000, or, in
the absence of such capital or de-
posit, then to deposit with the State
Treasurer Of South Carolina valid Sc
curities aggregating 100000, or a
bond for said amount made by SOL
vent surety company, said Treasurer
to be the judge of the validity of
such securities and bond, which
bond shall be conditioned to pay
any judgment entered up in any
court OF competent jurisdiction in
this State upon a policy of insur-
ance issued to any citizen of this
State by any such company, and such
Judgment shall be lien upon such
securities.
Section 2. Whenever any such
company or association doing bust
ness in this State desires to with.
d-aw from this State, and will satisfy
the State Treasurer that all suits of
which notice has been given to him
has been fully satisfied or released,
or whenever no notice has been given,
and when no matured claims upon
existing policies or certificates have
been satisfied and released, then said
Treasurer shall return to said COM
pany or association the securities or
bonds deposited with him.
4. joint resolution authorizing the
Comptroller General to draw his
warrant for $3.50, if so much be
necessary, to pay for 100 volumes Of
full bound copies of the History of
South Carolina under the proprietary
government, was passed to its third
reading.
Mr.. E6rd spoke against the lien
law. He reviewed the situation at
present. This was the time to re-
peal the law. More grain was in
the cribs of the country than ever
before. More wheat, oats and barley
in the ground for next years crop.
Mr. Efrd moved adjournment OF de
bate until the night session and it
was so ordered.
The special committee, to whom
was referred all concealed weapon
bills, reported by submitting the fol-
lowing bill, which will probably pass:
Section l. Any person wearing
upon bis person, concealed or uncon.
cealed, a pistol, dirk, dagger, sling
slot. metal knucks, razor or other
deadly weapon usually used for the
infiction of personal ipjary, shall be
guilty of misdemeanor, and on con-
yiction thereof b b,fore court of com
petent jurisdiction shall forfeit to the
county the weapon so worn and be