The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1916-05-24
DUeED BY ENEMIES, McLAURlA DE-
CLARES

CLARES.
Columbia, May l9.-Special;
That the recent Democratic
State Convention was ''duped
and deceived" by the enemies of
the State warehouse system and
that they were led into a trap
by his enemies, "who, when
Manning would not obey their
behests on the mill strike and
the anti compact bill: misled and
brought out Cooper and have
now double crossed Cooper and
gone back to Manning IN consid-
Grafton of his throttling a pre-
sentation of the truth before the
people," is charged by John L.
McLaurin, warehouse commits
sioner. in a statement issued this
afternoon and addressed to the
farmers of South Carolina.
Senator McLaurin says that
in spite of the refusal of the Con
ventjon to place him in the prl-
mary he will take that course
which shall seem to him best
"to get an exposition Of the
principles of the State ware
house system clearly before
them" He charges that the
members Of the Convention
were whipped into line by the
cry of "Blease in the wood.pile. Z"
He also labels all factions flakes
and frauds" His statement al
so asserts that South Carolina
has never had areal business ad
ministration and attacks the
whole public pay roll ben6ciar-
les.
His statement in full follows:
McLAURIN's STATEMENT.
''In consequence of the action
of the recent State Convention
in declining to permit the State
warehouse commissioner to en-
ter the Democratic primary this
summer in the interest Of the
warehouse system, I am receiv'
ing so many letters from farm
ers throughout the State asking
for an expression from me that
it is impossible for me to answer
them all, and it is in reply to
them that l am making this
statement.
Broadly and briefly stated,
under our present financial sys-
TEN, the business interests OF
both town and country are at
the mercy of concentrate d
wealth. 1t acts as a unit, the
people act as individuals.
Until the federal reserve
law. money and credit we're un-
der the control of a knot of con-
spirators, who used their power
to expand or contract the cur.
rency so as to enrich themselves
at the expense Of the producers.
The bank reserves were concen-
trated in New York and consti-
tuted that vast fund of call mon
ey' which fostered a tremendous
speculation in products, CONTROL
ed transportation locked up cred
it's and made money panics
part of our financial system. 1t
was the fruitful mother of usury
which through the ages, has en-
abled the drones to devour the
workers.
TO LIBERATE PRODUCER.
"To liberate the producers the
new currency law must have for
it's expression the warehouse. Ii
cotton values are stabilized, then
cotton gamblers are destroyed.
;'If the federal reserve system
recognizes warehouse receipts,
and DEGREES 5 per cent money,
then the usurer can no longer
plv his trade. The central bank
now discounts fOr tne mempel
bank at 3 per cent. 1t only needs
a little more legislation to deal
direct through the State ware
house and thus cut out the profit
of a useless middle man.
If the product of land, cot
ton, Is converted into a fluid as
set, why not the land upon
which cotton is grown? Then
mortgage companies and other
professional Skylocks will find
their occupation gone. To find
employment for all the hidden
boards of money it must seek in
vestment in commodity paper,
ll- -, ;,,J,e4r;o1 opfor