The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1914-02-11

show how far in advance Sena-
tor McLaurin has been and is
today. His bill is the basis of
much of the demand that is be-
ing made upon the congress.
The following letter, while 1t
does not specifically mention COT
ton, it deals with rural credits
for the benefit of those who are
engaged in a pursuit that is the
mudsill of American civilization.
AN OPEN LETTER.
To His Excellency Cole L. Blease,
Governor of South Carolina, and to
the Honorable Senators and Repre-
sentatives OF the Legislature Now in
Session.
Gsntlemen:-
South Carolina now has rare oppor-
tunity to lead in the reorganization OF
farm fnauce. This may be done in two
ways:
i Let your legislature enact our
standard bill for farm finance under
State law. II authorizes (a) seven or
more citizens to incorporate a little
local cooperative savings and loan as
sociation or cooperative thrift bank
to receive petty deposits and make
short time loans; also (bl it authorizes
the Incorporation OF land banks, to
make safe loans 90 improved real
estate, issuing against such mortgages
it's land bonds, the sale of which furn'
isbes most of the money TO be loaned.
The State of Wisconsin has enacted
our standard bill as two separate laws.
the first with scarcely any changes IN
our draft. the second altered to adapt
it TO Wisconsin conditions. Texas
adopted our cooperative bank method
a wear ago, and Massachusetts, several
years ago. Indiana's new law provides
for our land banking method.
HOW TO GET NATIONAL FARMLAND
BANKS IN YOUR STATE.
2. There is now pending in the fed
eral congress the natioua! farmland
bank act. 1t provides for system oI
agricultural banks under national law
to accomplish in somewhat different
way the Two purposes described above
for state law. Congress will probably
pass the pending bill.
One OF It's provisions is that, before
farmland bank incorporated unde,
the proposed national law can do q
mortgage business in any state, such
state should SO modify its laws as tc
| withdraw, cancel or waive the right tc
clair exemption against mortgages
also provide for titles Or conveyauces
and foreclosures SO as to give reason
able protection to mortgage holders,
and thus likewise protect investors in
national land bank bonds secured by
such mortgages. The state must also
recognize the bonds of such na.iona!
land bank as legal investment for
savings banks, trust funds, estates and
insurance companies within that state
as the federal act does.
Permit me respectfully to suggest
that your legislature now in session
empower a committee to investigate
forthwith the matter OF such proposed
notifications and investment recognl-
ton. Should congress enact the pend.
ing bill before your legislature ad-
iourns, such commitIee would be able
TO report measure which your legis-
lature could promptly enact. Thus
South Carolina might be the first state
to enable its citizens to enjoy the price
less advantages offered by the system
of proposed national farmland banks. II
the latter does rot become law before
you adjourn, your committee would
have all the more time to prepare its
report for the next legislature.
Your state has everything 10 gain
and nothing TO lose by this suggestion.
Thus you may enable your farmers to
get the benefit of new state and federal
laws for farm 6oance two years earlier
than otherwise would be the case.
Such leadership will be characteristic
of South Carolina and doubtless will be
initiated by the legislatures CT each oil
our other states one year hence.
Respectfully submitted,
T. A NIvEN,
Editor Orange Judd Southern Farming
The bill seeking to give to the
county better system of road
working by the means Of the
Communication tax / have had
passed the senate, it is now in
the house a third reading bill,
and will be ready for ratification
next week unless something un-
expected happens. I herewith
print the bill and would suggest
this paper be preserved for
future use.
A Bill To Require All Persons
in Clarendon County, Liable
to Road Duty, to Pay a Com
mutation or Road Tax in Lieu
of Working Upon the Public
Highways of Said County; to
Provide for Listing Persons so
Liable, and for the Collection
Of said Tax.
Be it enacted by the General AS
sembly of the State of South
Carolina:
Section /. That all able-bodied
male persons between the ages
of twenty one and sixty years,
both inclusive, in the county Of
Clarendon, shall be required an
to pay a communication or
road tax of three dollars, except
ministers of the gospel actually
in charge of congregation, teach
ers employed in the public
schools, school trustees, and per-
sons permanently disabled in the
military service of this State, and
persons who served in the War
Between the States, and all per-
sons actually employed in the