The French Broad hustler. [volume] (Hendersonville, N.C.) 1896-1912, 1906-09-27

: 6Q0 OOAVO ~
b appeared:
]. Davis, chairman of the board
commissioners, 10 indebted to the
ty in the sum of $751; 90 and inter
rom October 1, 1904. He promises
az six per cent while the bank OF
ID he is president collects from six
welve per cent interest in advance.
her easy money! isn't it?
Davis complains that his bank
8 been attacked and says its off,
ais express surprise thatTHEHUs-
LER should reflect upon a home
institution, az they thought it was
the policyof the paper to encourage
everything which tended to the
upbuilding of Hendersonville, that
he had no objection to being crl-
ticised personally. but would ap-
preciate any statement setting the
bank in the right light before the
public. Mr.. Davis further says
the loan from the county was not
obtained since he became commits
siener, that security is worth ten
times the face of note, the inter
est on which is NOW paid to Oct.
1, 1905.
We are glad to give u readers
the benefit of MI. Davis state
ment and diSclsim any inten-
ton of rejecting upon the fair
name of the Commercial Bank,
or It's accommodating officials, tor
whom we entertain the highest
personal regard and have impli-
cit confidence in the ability and
integrity to conduct a banking in
stitution. The point in the edi-
torial complained of is that a
county officer has been paying six
per cent. interest for public mon
ey, in promises, and collecting a
higher rate, in advance through a
private institution of which he is
the official head. The public re-
cords indicated the correctness of
the former conclusion but Mr.
Davis says he has recently paid
the interest due, which sets that
matter straight, while at the same
time not ~disproving the correct
ness of our contention in this re-
gard. IF the reference to the
bank does that institution an in
Justice, as Mr.. Davis claims, We
are perfectly willing to accept his
statements in refutation Ut the
suggestion or to publish any mat
ter the officials may further au
thorize.
We did not say that Mr.. DaviI
secured the loan in question dur
ing his service as county commits
sioner, or question the reliabilit.
of his sureties, nor have we reflect
ed upon the personal integrity O
responsibility Of any of the othe
gentlemen who secured loans in
similar way: Our principal criti
cism is of the apparent f~avoritiSn
shown in placing this public mon
ey, the majority portion of it, il
the hands of county officials them
selves, or their relatives and spec
ial friends. If we remember cor.
rectly, MI. Davis was count,
treasurer when he secured his loan
If not, it was very soon after hi
term in that Office expired. B,
that as it may, however, as count.
commissioner, he should hav
compelled the prompt adjustment
every year of all interest due tn
county and reloaned this money
Just as he would have done witt
a private fund. We do not con
tend that he, or others interested
have. intended any wrong, bu
their actions indicate want of Wig.
lance in the discharge of public
duty, which has done the tax pay
ers of Henderson county an in
justice.
For Mr.. Davis personally, w
will say that to imperfect health
may be attributed much of thu
unfavorabls conditions complain
81 IS onH %hio wrikor wnn1d hn III.