Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1916-07-26

what increase had been made IN the
assessments of banks, cotton mills,
electric plants, fertilizer plants, rail
roads, and other corporations by
the tax commission, all of which
aggregated about 50, ,oo0,O0O.He said
the expense aof the board was a
mere bagatelle compared with tie
great benefits derived through it.
Mr.. Nicholson said the great
need of our people is more money
with which to develop our resources.
The banks are unable to supply the
demand. He referred to the excel
lent results from Legislation which
he enacted requiring foreign insu-
rance companies to make loans
within the State. The coming of
this money into the State will re-
suit in farmers being able to OBJ
tain loans from insurance compa-
panies at low rate of interest. He
read a letter from Insurance Com
missioner McMaster commencing
him for securing the passage of
the act requiring companies to
make investments and loans in South
Carolina.
Concerning the legal rate of in
terest, Mr.. Nicholson showed that
the rate fixed by law only applies
to judgments and other matters of
that character. The contract rate,
the rate charged by individuals and
banks, would not be changed by
the law reducing the legal rate. He
gave the legal and contract rates of
a dozen Or more other States to
show that South Carolina was no
higher than a majority of the
States.
As to the Laney-Odom bill, Mr..
Nicholson stated that in his judg-
ment some changes should be made
in the law and that if reelected he
will work to that end, retaining the
good features of the law and elimi-
mating the Objectionable features.
He explained his connection with
the amendment to the cotton weigh
er's law to which Mr.. Wells refer
red, stating that Mr.. Wells made
the same mistake, or was guilty of
the same oversight with reference
to the chaingang Of the supervisors
term of Office in Edgefeld county
from two to four years.
Mr. Nicholson favors the pen
sioning of all veterans and intro
duced bill making that provision
at the last session. If reelected he
will press its passage. In refer
ring to the condition of Edgefeld
county, Mr.. Nicholson stated that
the tax rate for this county will
compare favorably with other coun-
ties of the State, being in fact low
er than Union, Anderson, Green
vile, Spartanburg and other wealthy
counties.
Hon. J. Lucas Walker was the
frs. candidate to speak for the
house of representatives. He said
it has been the custom for a number
of years for the candidate at whose
home a meeting is held to give the
time allotted him to other candi-
dates and following that Gus
tom he would make only few re-
marks.
After welcoming the candidates
to Johnston Mr.. Walker stated that
it is not the members of the house
who do the most speaking who rem
der the greatest service to their
county and State. Some of the lead
ing and most useful members are
those who do their work in a quiet
way in the committee rooms and on
the floor of the house. He thanked
his home people for their loyal sup
port when he was elected to ill the
unexpired term of the lamented j.
P. DeLaughter. Their loyalty will
encourage him to always do MS
best, always voting for and support
ing the measures that will bring
the greatest good to the greatest
number.
Capt. N. G. Evans was the second
speaker. He stated that in asking
the suffrage of the people for the
house lie was not without experience
as legislator, having served the peo-
pie in that capacity once before.
He said he had no special acts to
pass and no special hobbies but will
render the best service Of which be