The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1916-04-19
SUMTER g. Q. "WEDNESDAY, APRIL
BANKS INSURANCE CANCELLED
COMPANY SERVES NOTICE ON
CALHOUN COUNTY SEN.
ATOR.

stood Tor New Law-Declares it is
T. "Money Bags" Answer to His
Stand on States Rights and Com.
mercial Freedom.
Columbia. April 13.-All Of the in
surance carried by State Senator J..
Arthur Banks. of st. Matthews, on
his property and that of Mrs. VIM
berly has been cancelled, notice to
this effect having been received by
Senator Banks in a telegram today
from samuels, Cornwall & Stevens, Of
New York. through whom the insur-
ance was placed. Senator Banks came
to Columbia this afternoon and gave
out the telegram here. This insurance
was placed by Senator Banks while
he was In New York a few months
ago with Senator McLaurin.
In this connection 1t may be inter-
esting to note that Senator Banks is
one of the warmest advocates and
supporters Of the State warehouse sys-
tern.
The following was given out here
this afternoon by Senator Banks:
! I'm my letter published in the News
and Courier on last Monday I used
substantially the following language:
4 have no doubt that this letter will
find its way to New York. Il may be
that my insurance will be cancelled.
hope not. but II It is, let it be. I
prefer insecurity and poverty in
freedom to security and wealth in
servitude." ~,
The Telegram. ~.
| II have now received the following
telesram from New York:
| Senator J. A. Banks. St. Mat
thews. s. c.: Companies notify US all
insurance for yourself and Mrs. VIM
berly cancelled.
! {" 'signed)
!" 'Samuels. Cornwall & Stevens,
II dared to raise my voice In the
cause OF commercial freedom. dared
to speak for the rights OF q sovereign
State. This is the reply OF the money
kings
ifni;1 psEsonal intsrests are Of no
\ {SSHSTSl Sltus &lcaI. i vim vSks care 81 s.
yhs Interests of fhis. widowed woman
ana her children. but I greatly over
rate the temper Of South Carolinians
Il these facts do not stir them to ac-
Ition.
Men Of South Carolina, let me say
to you In all earnestness. no truce
will ever be made between money and
liberty. Organized wealth is q mighty
power. III the people do not destroy
It. they will surely be destroyed by it.
You have only one weapon with
which to fight That weapon is your
government. If you use this weapon
you will be free. If you fail to use 1t
you and your children will be slaves.
There can be no compromise. "Choose
ye this day whom ye shall serve The
people Of other States are choosing.
The federal Government has chosen
and Is acting with the federal re-
serve banking law. Our own State has
taken a short step in the insurance
department OF the sinking fund. and
we have the experience Of Germany
and the Republic of Switzerland.
where insurance is controlled by the
Government and only costs the people
ten cents per hundred dollars, as
against tho average Of one dollar and
twenty-five cents in South Carolina.
LET us use our only weapon
our Government
There is absolutely no other help
nor hope"
Insurance Record.
In conversation with tho News and
Courier representative Senator Banks
said:
Il have been engaged in business
since 1882. principally in the mercan-
tile business as a member of the firm
OF Banks & Wimberly. of st. Mat
thews. In the conduct of my business
anatrs I have been carrying consid-
erable lines Of insurance on store
buildings, dwellings, ginneries, mer-
camille stocks, etc. estimate that if
the insurance which have paid in
my business connections were added
up and interest calculated on it up to
date 1t would amount to between forty
and fifty thousand dollars. During that
time in all my business connections
there have been three small loaaos