Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1839-12-05
E.0H ESIjC.

| ENrH.cr from GOrcrn0r PGtr'cs Waffle 5 Message "a
ks Ecgisiaturc OF SoHtt Carolina;
In taking retrospect of the past year, most de-
won't gratitude is called into lively exercise 10 the Al
! mighty Dispenser ofall rood for the very abundant
harvrss with which He has been pleased 10 reward the
tolls Of thu usbandman. The tccmng earth has brought
forth great proson all the products Of the soil usl-
ally cultivated BIT these signal blessings have been
acro,rpanied in the course of an Al!Wsc Providence,
BY vsatinns of painful and melancholy character.
Disease has afflicted portion OF our State aud death
| has consigned to the tomb many eminent and valuable
ctizcns-mrn, distinguished for their shining virtues,
! great talents and public services.
! "A a member Of the Conirdrracy, South Carolina
mus, necessarily feel deep interest III the legislation
Of the General Government; and IN looking towards
thu various important subjects which may probably, al
an early day. rmp!oy tn" deliberations OF Congress- our
attention will tC arrested bv topic OF vast magnI-
tud. pregnant with future veal II shall be
settled mean The Tariff question. BY the Coinpro-
mise Act of -:i' ii provided that by til" gradual
reduction Of the duties they sinnld bc brought down
10 20 per cent in 1912, which will then be their csta-
l;shcd rate unless the amount, in the meantime, shall
h. altered by law. But the same Act. contains the
pledge of Congress, that The revenue shall bc reduced
10 the economical wants of the Government. II Is
believed that duty, below twenty per ccntum up
on the imporations, would ra'ac su'nc'ch revenue
for all The essential purposes Of Government =
The main obstacle this reduction IS To be found III
the strong disposition which, iii some sections OF the
Union is felt Ia increase the public expenditures, t"r
the promotion of sectional interests If these are Ia"
diminished to the lowest necessary point They VIII, nj
all times afford convenient prctcX for refusing to r.
duce the mposts If the people could be made sensible
of the enormous tribute which annually cNactrd from
them By this Indirect mode of taxation they would de-
maud the repeal OF such oncroS laws, IN voice winch
Their Representatives would not dare To disregard II
the Government would consent TO adopt the system OF
direct taxes and attempt to draw such large sums from
the people, il would be discovered that the tax
paying citizens would not, for y moment, endure the
burthen The very fact, that each man in The com
nunitv would then know the precise amount ot tax
which he paid establishes the soundncSs of the propo-
s:tlon that in popular Government, direct taxes are
TO be preferred to those which indirect BIT this
change cannot be introduced into our Federal lc
gslaton. the adjustment of the Tariff upon such mo-
ications will conducc to the peace harmony, and
integrity of III" Union, solrnnly required as webb
the dictates of wisdom, of patriotism The past has
tory of country will indicate the evils which are to
Ec avodcd-cvIls of mcnaclng aspect The planting
States will not endure protective duties. They will IN
sist that duties shall BIZ laid exclusively for and
that shall be raised, than is required
by the economical wants OF the Government. The
people OF this section contend fora uniform al vaorcm
duty upon all mpora'ionS, upon scale graduated with
reference 10 diminished expenditures and the economic
cal demands of the Government.
The Bank Of the State of South Carolina is in n
sound condition, and under the prudent management
Of IN efficient Directory, and able and assiduous Off
GERS, it merits your continued confidence The profits
OF TINS llstltutio The present year. are 2lOOUu, which
has been carried to the Sinking Fund now amount
ing to S9ic ,n5S 80. So00,0O0 of this will be
applied on the Isl January next, to pay the holders of
the g per cent Stock OF this State, created under
act of the Legislature, passed in 1890 and redeemabIe
on the above mentioned DAY. | herewith submit the
Annual Statement of the Bank.
The true condition of the Banks of the State, is,
all times subject of deep interest to the people, but
more especially at crisis like the in which
now placed For the purpose, therefore, OF exhibiting
10 the public their present situation applied to them
for statements, showing their respective liabilities and
assets With prascworlhy pronIptlude, each OF
them responded 10 the CALL by furnishing with
ports on the several points of enquiry, which now lay
before yon for your information.
The country just recovering from the shock
which the revulsion of l,7 had produced, when ano
Their crisis IN our monetary affairs accompanied by the
suspension of specie payments by of the Banks,
has again thrown the business and commerce OF the
community into confusion. The frequency of these
suspensions, demonstrates the existence of nhe
rent vices IN the Banking system, or Encouragement
by those who control its operations, and administer
ITS affairs 1t becomes your duty, the guardians Of
the rights and interests of the people, to take that
the Republic receive dcirimcnt. Iou urged BY
every consideration Of sound policy, and just regard
to the welfare OF the country, 10 probe the evil TO the
bottom, and, by the application of proper remedies
to bring back these moned corporations, to heal
thy performance of their functions. Indeed. the
Banks are as much interested in the investigation
and reformation of these defects, the community;
for, without efficient Irmedy, the Banking system
must terminate in convulsion which is the interest
of all to avoid If however, the mischief recoed upon
the Banks alone, then it would be matter which
would not concern the Dublic But unhappily, the |