The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1915-03-31
Banks are Public Institutions Regulated by
Law.

Law.
March 9th, 1915.
Mr.. Louis Appelt,
Editor Manning Times:
Dear Sir:
In your issue of the 18th inst, you
went out of your way to make some
very slurring remarks about certain
Banks of this County, or officials OF
certain Banks, charging them with in
consistency and law violations, such
alleged inconsistency consisting in
their cond:mnine the use of your off.
cial position as Senator to ts ke one-half
the money we saw proper to pay The
Herald for publishing our Bank state
ments and putting it ia your pocket,
when at the same time We were using
our official positions as Directors to
turn r ooey to paper we were fnan-
cialiy intereS;ed in.
You Nigh; convince the very densely
ignorars tIlt these were analogous
cases, but We do not believe in this
County you can ind mao, who does
any thirx;ng whatsoever, who does
not see u marked ditfereoce between
the use of d puDisc Office for private
gain, and the ISs of s-p uthcial posltloa
in c3rpo:Ation 10 advance another
enterprise f0: the eo3d OF the public
(for we reg.tr rh,. Herald being here
ior the gcol If the Jubic) when The
corporation does uot ioso or gain one
cent by lie act
The idea Is tuo coillish 10 discuss it
further.
The law "io alton charged consists
in our pu o.%hiug Our Bank statements
lr The Il erl,c Ind BOT in both The
Herald anu The Tins. aud not taking
from Tie hu.aId one half the money
now paia it and giving it to you.
Wnil= we think, Massrs. A. G. Bra6-
nam, Z. NJ Davis, J. Il. Rigby, L. 81.
aarvin, S. o O'Bryan, l. V. Plowden,
J. E. K=3ly, B. A. Johnson and myself,
the Dlrec or, .; this Bank, are hardly
regarded in this County as law viola
tors, yet solely that the record may be
kept straight, and hat the public may
not be inisled by your surs in issue OF
the 18th, aud oy what may follow In
the Courts, we desire to make a plain
statement Of cur position
Under the law, as IL stood prior TO
the last Session of the legislature, all
Banks are required to publish their
statements in ONE uewspapaper OF the
town. Ii there are half dozen news
papers in a city, there was nothing to
prevent their publishing in all, if they
mad the money TO DO so and thought II
wise and proper. but they must publish
in ONE. Our statements were publish
ed 10 Tne Manning Times from the
organization OF the Bank until The
Herald was established, after which
we saw proper to publish our state.
ments in The Herald and carry an ad'
vertisment in The Times, for which
advertisement we paid YOU as much as
we did The Herald for publishing the
statements. ibis arrangement con-
timed until this year: then you sought
by your attempted amendment OF the
law, to make Us publish these state
ments in both papers, and make u:
give you oue-half the money we have
been paying The Herald. Well, cor
porations are made up OF Individuals
and human nature is The same the
world over, and we naturally resented
the idea of being made to do what we
had not seen proper to do OF our owl
volition. We may be foolish IN you
eyes, but we just naturally thought VT
had been intrusted by our stockholder
with the right to say when, how ant
where our Banks money should b
spent. II may be blindness on our part
but it just seemed 70 US you had n'
more right to say 10 Us, you shall Civ
me one half The Herald's money thai
we had to say 20 you, you shall deposl
one half of all your money in thl
bank
You will observe we have put
your attempted amendment OF tn
law, for in our Judgment you did nc
succeed in amending the law: you wer
apparently so interested in the payin
! part Of the idea, that you amende
ISec. 4195 Code 1912 which refers t
Charges for legal advertisements b
the Sheriff, Clerk, ETC., and says moth
ing about Banks, and left Sec. 2642 il
tact which provides for publishin
: Bank statements in one paper.
t In short we believe the law stand
today just as it did before your famou
amendment, and that we have obeye
h.. the law to the letter and are therefor
. no wbreaSers.
l., Grant that we are mistaken in thj
view. and that YOU really aid succee