The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1914-11-04
SENATORS State REASONS.
TELL WHY THEY VOTED FOR OR
AGAINST BOND ISSUE.
Ask That Their Views Bc Incorporatcd
III Official JOurnaI-AIifton Thinks
1t Will Aid Cotton Grower.

it Will Aid Cotton Grower
Columbia, Oct. 3O.-Numbers of the
senate last night had incorporated in
the journal of the senate statements
or their reasons for voting as they did
on the question whether the senate
should concur in the house amend
ments to the bill for issuing s24,OOO.-
600 of State bonds on cotton stored
in warehouses.
The statements follows:
senator Mars: II voted against the
bond bill because l believed it to be
dangerous legislation, and that no re-
suits, beneficial to the class of peo-
pie it was intended to help, would
come therefrom."
Senator Beamguard 81 voted
against the bond bill because in my
opinion the bill as amended in the
house is impra ctical and will not give
the relief needed. Also for the fur
rher reason that the time intervening
between the passage Of the bill and
The date Of the general election is in
sufficient for such a measure to get
to the people,
Senator Epps: 1.-THE bond issue bill
is nothing more in principle than the
state lending it's credit to it's citizens
to prevent sacrifice sale Of cotton
at the prevailing price of 1-2 cents
a pound.
There is nothing panicky or dan
| erous in the provisions of the bill
The interests of the state are safe
guarded and the intrinsic and LOAF
value is practically fixed at s cent.
| upon the basis of middling. If cot
ton advances, the bond question will
| dispose Of itself automatically. Tn,
| effect will have been attained with
out necessity Of the issue or any par,
thereof"
Senator Clifton: II voted for tn,
as in my judgment it is necessary t,
take care of at least q portion Of tn,
present crop in order to stabilize the
demand for cotton on hand and to tr!
at least to prevent any further sac
rifice on the part Of the farmers ant
business in general and in order t,
induce compliance with the acreage
reduction bill and because nothine
better was offered or suggested: and
while the bill does not comply in
whole with my views, and may not
| be entirely free from objection.
there are none than can not be curet
by future legislation) 1 believe tina;
it will afford a measure to relieve tn,
farmers and the people of the Stat,
generally who are suffering from al
abnormal condition not due to any
cause within their control
| There is no element of risk to the
State in the bill, as the benenciaric
pay the carrying charges; there will
be no necessity to increase the taA
| levy, the issue is safeguarded agains;
negligence and speculation, and repay.
ment is guaranteed by the notes of tn,
participants collateraled by cotton dc
pOsits, and finally because the Stat,
| ought to lend it's credit to relieve tht
present and prospective distress OF
its wealth producers who have sup
ported her by their labor in times o.
peace and defended her in times of
| war;"
Senator Nicholson:
when l voted for the passage OF
the bill to submit to the qualified cleo
tors Of the State the question of is
suing bonds for the purpose Of re-
lieving the cotton situation l did So
for the reason that l was in hopes
that this plan might furnish the basis
of relief to the people Of our State in
the time Of their dire necessity. l haC
not had time to consider the matter
carefully and at first blush it seemed
10 afford the only possible plan tha,
could do anything to relieve the sit
! uatiOn. / protested against the sen
ate acting on the bill in haste and
stated that while l voted for the bin
for the reason that | did not wish to
be put in the position of opposing the
only plan that / thought might do
something to afford relief, / did So
when the whole matter had been
thrashed out and the free conference
report submitted that | would vote
against the free conference report