The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1900-01-09

seem TO Indicate the necessity Of prep
/ aratian at ali times. | would, there
/ fore, recommend that you he rs liberal
! the current year in the support Of this
! important branch Of tue State service
; as the finances Of the State founded on
| wise economy will allUw.
a full and exhaustive report Of all
matter relating TO this department has
, been prepared by the Adjutant General
! for your consideration. commend it
to your careful attention.
TAN on STATE BANKS.
The II peal Of the ten per cent. tax on
State Banks will go far toward solving
the money question. This is q matter
entirely within the province Of the Ma
tlOnal Congress at Washington but q
resolution from the several State Leg.
islaturcS requesting Congress to repeal
this tax would have its influence Such
resolution from you would give en-
couragcmeut to our Senators and Rep
resentatives in Congress who are
."aking IL fight for the repeal OF This
tax and would be evidence that they
had behind them the support and en-
dorscment OF the people whom they
represent.
BANK AND INSURANCE EXAMINER
In 1896 an Act was passed creating
the Office of Ba' k Examiner. But the
Board appointed by that Act did not
eject the Examiner, as [ am informed,
| for the reason that no approximation
was provided for the expenses of the
ot1lcc and the law is, therefore, a dead
letter.
There are now more than one hun
dred Insurance companies doing bust.
ness in this State. Life Insurance ,s
we'll as fire insurance has taken deem
root with our people and nearly every
man has those who are dependent
upon him provided against his death
Win an insurance policy upon his
life. 1t is OF very great inheritance
10 great many OF our peop!e that
the companies that solicit business
IN :hls State should be substantial
and reliable companies, so that the in
sured may feel secure that when he
pays the premium on his policy, when
death comes, those for whose benefit
ne mas paid it may get the insurance.
And so with State Banks. A great
deal OF the business of the country is
done through banks and many Of our
people have their savings in these in
stltutlons. They invite the trust and
confidence OF the people and should be
unucr the supervision of the State.
submit for your SERIOUS consideration
the wisdom OF providing a State EN-
aminer for State Banks and bankers
and the insurance companies doing
business in this State. All reputable
companies and banks should be glad TO
have such examinations made for their
own protection as we'll as the protec-
tion of their customers The salary
and expenses Of this Office could be
provided for by. the institutions named
in proportion to the business they 10.
as is done in the case Of the. Railroad
commissioners.
TRUSTS.
w hile we tclilcitate ourselves on The
number of corporations that have been
chartered Within the State during the
past year and should do nothing 10
hinder their success il should not be.
forgotten that they are creatures of the
State. Obtaining their existence from
the State, you have the right 10,
regulate their operations and the.
operations OF those doing business ir
thlS state though receiving their cor.
porate existence from other States.
The ien0ency OF these corporations is
towards Capitalization and comhina-.
ton. This tendency leads ultimately.
10 oppression and an effort TO drive the.
weaker institutions Out Of competition,
and unless guarded by wise legislation
VA! eyentua!ly take away from 'he in.
GlviUual his dearest rights While or,
tbu other hand If wisely conducted and
properly guarded they will do much tc,
develop and bring into life the natural
resources OF the State. II is a subject;
that shoulu command YOUR most ear
nest and thoughtful attention.
thought proper simply TO call il tr
your attention, 80 that while YOU legis-
lated 20 foster and encourage CORPORATE
enterprises You might also guard and
project The rights and privileges OF The
individual citizen.
BIENNIAL SESSIONS
S.vT:.;sy IA @ = 2:San:i sss9ns Of the
ten;Ion ot thr General Assembly, hy NV pre9e
e:S>@:S. That we have 100 much leGis!a,ion We
would Ike .eler. There would not be tha, nn. T1.
SS:ta1"'y, ~ regard to many laws. that now
sessions OF ,he. Lcsi<!a,uScs The state Cn;t
Sn;ui!on provides 10. annual sessions OF The
tfs The General M As>ainy 1,., GI ESish;s cs.
10 assemble :o- the redress OF grievances and fnr
MAJ. iMiI.iS new iaMS as the oonnon good may re
CAREFUL ooas;deTaon, nasmuch as there has
zen S9'ns discussion OF this subject aud some
A> YOU Will sse, in o1ter 10 change, vonId -:
9":e an amendment to our Constitution
LocAL LEGISLAT!oS
Nuch time g, each session oft Ieris,s,ur. =.
"o2s"ineo With the passage Of laws that havs.
92iy ny; isSal SppIisaion The attention Of The
OF such leEislat:oa At dilcrrnI times hv NV
1c<sS$":S and YET every session Of the IsetSla-
n
OF local and special ,eEiSla;iou The Consti,n
ton prohibits the passage Of Iocai or s;IcciaI
laws ooIl>rTnIag certain subjects and 6erIanSs
ne enaIinicnt Q; general laws TO the same
f9E sA3n'<' aNoid 2< far A. possible the passage
.: !oca! End special lrsisa;!on for i; rS; C,,i,.
1AE1'NtS expense Int Il creates confusion il, mn
ISt>.&nI!!NS a!:u knowing just what the law is
aecH2T&au'c with ;ie requirements OF the Consi;.
!HiI0E they Snoui3 Teleire youT attention and
ihe3 the IC.TCdCCt:cu OF lccal a=d s1eCial I,c:s
iatiCn should nc|: K permitted -
PAYMENT cyTaxrs
. IN View oi the demand from certain sections
max t2e Il ne for payment OF taxes t,e extended
afieT ocg'sCitaiioT with Ike CoIuptroiIeI General
" ,NE:tue oi authority given US hy law we t.x-
tS1'eA 'e Hing ioV the pay lent OF taxes with
ofi X nAi'y 10 The aTst ti Feb!us-y, zso:.