The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1907-11-13
ST Steady In the Boat.

1u6 p6Wspapols ofoty usy SNHoaAS9 SA4s'
the financial furry in Wall Street ia over
aud that business is aettllng down to ~ nor.
NAL condition. but every Newspaper has
taken up the talk "a 70 local conditions.
Honestly speaking, there are some things
which this editor does NOT know, and bow
and when this scare 10 to spbside .is one OF
them.
But, a. far g this naxspaper. IL informed
the banks, the commercial men. ana the
fasmers Of this city; and of this oQnRy are
as solid as the rocks.
And We know Of no good lesson Nhy any
body hereaboui should be disturbed in mind
because Of the sltqalion.
We have never heard the slightest, whisper
against either Of our hank& We have our
self no sort Of donht a. their solvencS. D. =
posltors ip any bank In Sonih Carolipa are
the best secured creditoEs on earth. They
are not only preferred creditors. but every
man who owns ashare In any Of the banks
stands security that depositprs shall lose
nothing. Even admitting that 2 bank ir
this Slate is inaolyant, y ic almost imposs'-
BILE for depositore TO lose Q angle cent. The
stookholders stand between them and dan
gar.
All their stock is bound 10 depositQl. In
addition, every stoekholdsr h further person-
ally bound In an amount equsi to and over
and above tho emount Of bis stock.
For instance: ia man holds $3.50 worth OF
stock. that stock is ,arst bound for II, and II
the stock Of the bank % bonnd does not pay
the depositors. then the man holding the
$500 worth Of siook can be sued for an addi.
ttonal $500. and IL the stock and The additiont
$500 did not pay tha dssositor, then an addI-
tional sum OF Ava per cent. could b collected
from the stpok holder.
Until the stock holders are scared and pan
10 stricken the dspositass may certainly pos
sess their souls. In peace. They are . LONG
way from danger. They are holding the
stockholders between them and the nre.
This editor 10 20 confident Of the soivsncy
of our banks that he would be glad 10 have
stock in any one, or all, Of them. he 10 not
afraid to stand between depositors and dan
ger at Abbeviile.
But, II depositors have anything against
the bank. which 10 abundapuy able 70 ply.
let them draw out their naoney and retire Y
from circulation. when by . combined. efiort
hard times can be brought about. ...
The larmerl Of this County were never II. a.
good condition AZ they are today. Their COT
ton crop l. ,he largest II, tho hlstory Of the
country. The price, at ten cents Or more. hak
brought an sbundapt profit. -
As q matter Of faot. tho farmers Of this
country have today in the warehouse at Abb
bevills about $4,000 worth Of cotton. The
amount ofthe staple which !. piled up under
oak trees ON the tarms and on yaaant lots
sronnd town is unknown. One nan in toYp
has TO rent an extra lot On which 70 seattes
his bales to the wind, and 70 the rain, and tp
the sunshine.
Again: Speaking Of the banks Of Abbeyille
without being able 70 give figures, We. pre-
sumo there never was More Idle money
looked in their vaults. But, having the intsI-
est Of stockholders st heart, they will not irnr
peril their Interests BY letting 4 oa. On iosns.
They must keep II for depositofa Wsa may
become peedlessly panie stricken. )
| There 10 today just - much monsy in the
country as there Vas last week, apd there
wa. jus. a. much money last week q thsEs
VA Iast year. but when q scared son nfa-gap
dsaYs his depost and hides Il sway itIis liks
drying the spsinsa and tha hsanehss thes the
make the mighty rixar. Wiihont the asposit
The banAs cannot i4iat Without bAnks. 81
trade and oommerce. .ia cripptsd..
The oonilqsion, fsom opr stsndpo!ni ii.
that no deposition in onr banks q Abbsyills
need BE- NJ gil lneasy until after The stock:.
| holdsra are PANIC stricken.
Tha county is saie; the farming interest!
were neSer more prospsrals. ogr nsrehants
are getting rich; the vanlts Of oas henke are
the resting place for 9 whole lot Of our money.
and behind the money tha stack holders afe
arandtpg.
And so. dan't be q ehumn. and gst learsd. i.