Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1913-08-26
The Bethel Improvement Associa.

ne Bethel Improvement ASSoCid-
ton might take up the matter Of find
ing why it cannot get better telephone
connection with Yorkville. Sometimes
It is possible to get some idea Of what
Bethel telephone patron is trying to
say in conversation with a Yorkville
patron; but at most times this Is a
hopeless proposition.
II the Bethel Improvement associa-
tion does nothing more than carry out
the suggestions that DR.. Dulin made at
Forest Hill for the protection of people
who are not able to protect themselves
It's organization will be more than JUS
tilted. We would not be understood as
suggesting that all kinds Of canvassing
among these people be prohibited. and
neither do we think that DR.. Dulin
would so suggest; but 1t Is fact that
useful, hard working laborers and ten
nants are an easy prey to shrewd can
vassers who often succeed in selling
them things for which they have no
earthly use, and at q long profit. or
course it Is not to be forgotten that
every citizen, no matter how humble or
poorly informed. has a right to do with
his own as he likes, and it Is the duty
of every stranger and more intelligent
citizen to help guarantee that right;
but nevertheless friendly tip, or a
more extended explanation can often
be of service, and that is what we un-
derstand to be the idea of DR.. Dulin in
touching on the matter. Through Its
members the association can easily
keep in touch with all kinds Of can
vassers as we'll as with their methods,
and often discussing each particular
case come to a conclusion as to its
merits, and act accordingly. OF course,
as has been pointed out, the associa-
ton can and will easily find other good
work and plenty Of 1t; but this in the
judgment Of The Enquirer. Is a real
good place to begin.
In the process of giving credit
where credit is due, it is only fair to
say that Mr. c.. L. Cobb, cashier Of the
Peoples National Bank Of Rock Hill,
is entitled to a large measure Of credit
for the placing Of those York county
bonds. From the ordinary public point
Of view, Mr.. Cobb's work was only a
matter of business engaged In and put
through for profit; but there was a
great deal more to 1t than that. In the
first place quite a number Of people
have been trying the usual methods all
Because Of the fact that money has
been unusually hard during the past
six or eight months, Al per cent bonds
have been slow sale. There has been
no demand for them. There are plenty
of 5, 81 and per cent bonds to be had
for practically all Of the money that Is
looking for investment in that kind of
securities at the present time. Another
drawback as to these particular bonds
was that while the l mill originally
provided to pay interest and build up a
sinking fund to retire the Issue at ma
turity was excessive, one-half Of one
mill is too little. On the present as
sessment Of property valuation, nearly
three-fourths Of mill is needed. While
this is not a real objection under the
circumstances for the reason that the
defect may be easily corrected by an
other act Of the legislature, still the
fact did not help Mr.. Cobb in his work,
especially in view Of the low interest
rate. Then again Mr.. Cobb's bank has
virtually guaranteed the bonds, in that
it became the real purchaser. There
was no risk in this, maybe since Mr..
Cobb knew exactly what he was doing;
but 1t helped the sale. AS to whether
the bank has made or will make any
thing out of the transaction, we do not
know; but we cannot see where or how
it could make enough to pay for the
service It has performed-certainly not
directly, to say the least Of it.