Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1838-06-07
Editorial Correspondence.
COLUMBIA. Nav 90 I

COLUMBIA, May 90, 1888.
The Legislature assembled ON N,,,,,,
at IL O'Clock and proceeded to bus;,css
\ short lime after lin less than an hour, tho
governor, with commcnlablc pnmptness
Sent us his Message. This send Won. II
IS snort, aud 10 the point. 1t will he rer-
ee'Ved' that his Excelency has taken those
| liberal and enlightened views which ,,o 90
peculiarly hec"ning the occasion. You
VIII agree with me in The opionion, that
| upon 'h' success of our chief City depends.
!" large measure. The success and pros-
perl'y OF the State Of SonIh Carol;,, 7,
| '''S'aNe 10 suppose with sunlr that the
Legislature is convened with the view NJ.
| renewing ndiriduGi suffering. have brorJ
TIC question asked, if this Legislature woulI
eA't"" us aid. to citizen Of Edgcfield. if
hrc should burn up his possessions douht
IL" '"a' under similar circumstances, Il
he'plnc hand would he extended with eou,l
pr"npincss. But this is not the true xov.
| "e'eve as firmly as anv man, in The force
ana correctness of the principle, thai ;ud;.
viduals should he left 10 thc;r NV, ;,J.
an" enierprlze 10 relieve thcmst Ives from
their pccun;nry misforruncs. And nc c,-
iami'ous as Is the recent conflarrot;o, no
much as / know there is to exci,c ,u,
SyhPa'hIes, and urge to bcucvolcncc
could not for one, if there ,voro -, ,,
Vte" tnan that ol indiriduGl suffering. CO..
operate III any Of The proposed measures of
reilrf. The State however has alreaJv
given ample proof of lis opinion. thai !, ia =
STATE, p"1tic calamity. The voice ortbc
people from the seahoar,l to the m,,,,,;,s
called Tor an Extra Session, and vc now
present the extraordinary spectacle, ofbav.
ing our Legislature in session. at the present
time. Since | have arrived hero mn,
heard an interchange of opinion I ,h;nI,
hazard nothing in saying. that tie State
VIII 'nicrposc for The rcIrer of our CITY, and
That while doing so. Ike people run no haz-
ara OF sustaining any loss. The Govern
"rs Message was submitted 10 y in;, co,,
n'ittec OF both Houses, and ilIa, COMMITTEES
alter several lahorious sitinss has ,na;ur.d
and reported u Bill giving substantial a,
ana yet SO full and explicit in lis provisions.
with such ample securities, as | think in
reason, to satisfy every one. The Bill nro-
'idcs Tor ioaning the credit of the S,o,c ,n
an extent. not exceeding Two milliops-tbc
money to bc placed in the vaults of the
Bank of rlIe State, and added to IFS Co,;,o,
Stock. thus increasing it TO that amopn,-
the President of the Bank is permitted TO
bank upon it, as OH other cupital-the own
crs OF burnt lots are permitted TO borrow
upon Il Mortgage OF The property, Insurance,
and the CRY Council of Charleston stands
security for each and every borrower The
new Edifircs. are to be Of brick, or stone,
so rs to afford still further security. 10 the
Statc--the interest is to be paid semi-anu
ally by the borrower. The Bonds of the
State are rcdeemable, one million in %
years, The other million i'll 80 years.
hrmly bclivc that instead oflosng any thing
The State will make probably no little bv tho
operation a gentleman of high character
IN the State. and distinguished for financial
ability, declares, that the Stale will proba-
bly, make from l50 10 500, 900 by il.
| have given you the leading features
of the Bill 1t will pass. doubt not, but
there will be no trihns opposition. One
of the most popular features is the increase
Of the Capital Of the State banks, and the
greater control which is thereby given to
that Institution, over tho private Banking
Corporations of'he country Increase the
capital Of our own Bank, and believe that
a sounder circulating medium would at
once be given to the people. We must
have Banks, and am in favor of that Bank,
in which every citizen in the State is n
Stakeholder.
May 81.
---T The House having given
the Bill for Rebuilding Charleston y, Il
Il 4. q r