Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1922-01-13
SOUTH CAROLINA NEWS

- Ballotlng was resumed in the gen.
eral assembly yesterday to elect an
associate jus-ice to fill the unexpired
term of Judge G.. w. Gage. The long
drawn out dead lock of last year broke
all records Of general assembly elec-
tions. Jesse F. Carter, Of Bamberg,
took the lead of ten candidates and
held il for thirty ballots. At the wind
up the other candidates having dropped
out the vote stood as follows: Jesse +.
Carter 48 votes; Senator NJ. L. Bon
ham, of Anderson, 46 votes; Senator j.
Hardin Marion of Chester, 30 votes;
Judge S. w. G. Shipp, OF Florence, "a
votes.
Az the close of busincsr for 1921
q total of $4,944,3S1.56 in taxes for
that year remained TO be collected,
according TO 4 financial statement pre-
pared by the comptroller general.
Taxes levied for 1921 amounted to $5,-
429,SS720 and only $4S5,505.64 had
been collected ct the end Of December
81. tie statement shows. The cash
balance rs shown by the books Of the
comptroller at the end OF the year was
$743,56lS5 and Of this total $313,511.14
was not available for ordinary eX-
pcnscs OF the government, being spec
ial funds Cash available for ordinary
expenses at the end of the year was
Si30,050.1 while notes and outstand-
ing interest were given as $4,179,S5O.
The estimated revenue for 1922 other
than taxes is given as 1891 ,010. A rate
OF IL IL mills wonld bring in $5,203,-
$3.50 on total taxable property OF
$452. 400, 600. \ rate Of nine mills
would bring in $l.072, ,415.4o.
- Fifteen banks of Charleston, men,
bers Of the Charleston Clearing House
association, announced Tuesday that on
and after April l, 1922, a rate OF 4 per
cent, instead Of as ut present, will be
paid on deposits in their savings de-
partments. For nearly two years the
local banks have been paying S per
cent. on savings deposits, the increase
from 4 having been put on the latter
part OF May, 1920. The per cent. rate
for savings had been paid previously,
since July. 1901, when this rate was re-
sumed, after 1-2 per cent. had been
paid as interest on thrift funds for a
year and q half. In 1880, a rate of
per cent was paid here on savings III
amounts under 81, 900 and four per cent.
for $1,000 o. over. In 1886, the flat rate
of 4 per cent. went into effect, continu-
ing to January, 1900, when 1-2 per
cent was offered. This was increased
to per cent. in July, 1901.
Governor CoCpcr's annual message
to the general assembly read to the
house and senate last Wednesday is
devoted mainly TO the subject OF taxa
ton. Some change in the tax system is
and the change must come
at this session II 4 backward step is
TO be warded off. the chief executive
said. in recommending new sources of
revenue ANY tax system which is
not based on the principle OF ability
to pay Is fundamentally wrong" the
governor declared Some paragraphs
from the governors message give an
insight To the need for additional tax
mea Sures. New revenue measures pro-
posed by the governor are: An income
tax, an inheritance tax, 4 gasoline and
petroleum products tax, an occupation
Il nd privilege license tax, luXurieS tax
and a small hydro electric power tax.
In addition lie favors proposed amend
mcnts To tho constitution to give the
state a just tax system. In his mes
sage the governor gives his recommen-
datiOns for state appropriations for
this year. These recommendations
have been taken from the budget and
the figures show that the governor
n total appropriation for
1922 OF $G,46G,2iO,15. This is slight