The herald and news. [volume] (Newberry S.C.) 1903-1937, 1916-01-18

what the state warehouse has done for
cotton-making it fluid asset, and a
substantial beginning could be made
by charging just little the machin-
cry of the state warehouse system.
Senator Sherard of Anderson has a
rural credits bill which provides for
submitting to the people at the next
general election a $1OOOO,OO0 issue OF
bonds. A thirds vote of the peo-
pie would be required.
The bill provides:
For a vote by the people in the next
general election on the issuance of
bonds not exceeding $10,000,OO0.
For the creation of a board of rural
credits to sell the bonds and lend the
proceeds to tillers of the soil on long
term credits and a low rate OF in
terest.
The bonds would be issued in de-
nominations of not less than $50 nor
more than $4,000 Each would be ex-
ecuted as is now provided by an act
to provide for redemption of the
state debt, known as the brown con-
sol bonds.
The act would create the South Car
olina board of rural credits, which
would be composed Of the governor,
as ex-ofTicio chairman; the state treas
urer, the comptroller general, the at
torney general and the secretary of
state, all of whom Snail serve as a
board of control without compensation
except for expenses actually incurred
in the discharge of their duties.
The board would be authorized to
elect a commissioner of rural credits,
whose salary would be $4,000 a year,
with actual travelling expenses. The
board would have the power to adopt
rules and regulations for the guidance
of tne commissioner, who is given the
right to name such assistants as may
be necessary.
Section of the bill states the pur-
poses as follows: She purpose of this
act is to provide the means and instru-
mentalities by which loans may be
made to fiIlers of the soil at the least
practical cost to them, to be repaid in
such manner and at sucn times as will
be least burdensome, and at the. same
;ime provide suitable guarantees
against loss, to the end that agrieul-
ture may be fostered and the farm
lands of the state developed and i'm
proved"
Mr.. Chapman Of Newberry is the
author of a rural credits bill which has
been introduced, and there will prob
ably be several measures dealing with
the subject.
Admissions to the Bar.
The senate has passed the bill Of
Senator Wightman of Saluda, abolish
ing the requirement of two years
study before one is eligible for the ex-
an nation for license to practice law.
Libraries Bill Killed.
The senate has killed the measure
proposed by Senator Beamguard of
York, providing for travelling library,
the bill carrying an appropriation OF
$4,000
Taexs in Newberry County.
The Newberry delegation has intro
duced measures "to extend the time for
payment of communication road tax IL
Newberry county until March 10,
1916" and ito extend the time for col
lection of state and county taxes in the
county of Newberry without penalty
Until March -, 1916"
Mr.. Workman has a joint resolution
on the calendar, proposing consti-
tutional amendment regarding the
classification and assessment of prop
erty for taxation.
Mr. Chapman is the author Of two
bills relating to the regulation of in
tereSt.
The Appropriation Bill.
The ways and means committee is
working steadily in an effort TO get
the appropriation bill reported at the
earliest possible moment, and when
that bill comes in the Legislature may
decide to leave matters pretty much
as they are, pass the appropriations,
and go nome. Prolonged fights may
develop, however, over the tax COM
mission, the disposition Of dispenssry
stocks and other matters.
Ut-,5,1