The herald and news. [volume] (Newberry S.C.) 1903-1937, 1913-01-17
Yt- rms DoAN CAarG&, BOND.
sysyernor Says Failure OF Palmetto
National Bank Would PrOba-
bly, Leave state Unprotected

Columbia, Jan. Ex-Governor !
Blease having refused to approve the
slre,ies On the bond of $4,000, which
AFR. s. 2. Carter had secured preli-
n,inary 10 taking charge as State
Treasurer. the law requiring thas the
governor must approve the bond, ne
was asked this morning why he refus-
ed to approve the sureties OF Mr..
Carriers bond, and he issued the fol-
lowing statement in explanaucr:
.I have been reliably inforn,ed that
9he Gulf and Atlantic Insurance Com
oany is on the bonds Of a very large
number of the county officials Of this
state. and l have declined to approVe
those bonds brought to me, sIsned 9y
that company, and shall not appoint
any man to Office, as treasurer, "r al
t1itor, or other appointive position, who
nave to be bonded, who furnished bond
in this company, for the reason that |
DO rot think that it is right for all
State and county officials to be bend
ed in one company; and, when oH9
COMPANY receives its proportionate
Of the business, thereby assuming what
conceive, as governor, to be the full
extent of their liability in case Of de-
falcations, shall, in SO far as my pow
er lies, protect the interests of the peo-
ple by declining to approve the bonds
''To show that this is not a political
6sht, | turned down the bond OF Soil
citor Gunter, who is my appointee, and
also that of Solicitor Albert E. Hill
vhom, I presume e;ln his '2ta oppo-I
rcrt will say, is nv friend Bat it is
I..eIe,y question as tC what be-
i;r;e is f9r t,>.e est int e. Of the
people of my State.
''As to the bond of Treasurer Carr er:
I have nothing to do with Mr Carter's
ideas or movements; he presented d
Bond signed by Gen. Willie Jones, J.
Pope Matthews, Francis II. Weston
and others prominently connected with
the Palmetto National Bank. do not
think it is right for State Treasurer
10 be placed in the hands of or under
the direct control Of one bank by its
president, cashier, attorney and other
officials being his bondsmen. Mr.. Car
ter may view it differently. Besides,
these gentlemen, to a. very large ex-
int, have all they have got wrapped
ND in this concern, and in case OF
failure of this bank all would go to-
sether, and the probabilities are that
Carter would be here without bond.
|'It is not political matter, as Mr..
Carter told several of my friends
throughout the State last summer that
ne was my friend and, therefore, l
nave no reason to do him an injustice
or injury; but the duty devolves upon
me to approve a 100000 bond, and
when l do approve it l propose to see
that the bond is good, so far as the
securities go, to stand between the
State treasurer and the people Of the
State of South Carolina This is all
there is to it. No bugaboo to be made
out Of it and no reflection cast upon
any of those who propose to become
securities for this bond
''If you will notice, Governor Wilson
is receiving much praise for being
against a banker holding the office of
State treasurer of New Jersey. If he
ITO be given praise for that then why
should man whose bond is to be gwen
by one bank be treasurer of South
Carolina? What is the difference Of one
being a banker himself, and the other
being absolutely in the hands of a
-oank? cannot See any.
1E1 do business with the Palmetto
National Bank: got small amount of
money in it, and some Of those gentle
men there, particularly the president,
are my close personal and political
friends, but when it comes to my duty
in approving the State Treasurer's
bond I know only my responsibility,
BILL TO PREVENT FIGHTING.