Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1846-12-23

drntdlty lend 10 ointroduce tothe cultivation
of our now barren wastes. numbers Of The
German cmigrants, it was assuredly ths
wise policy Of The State TO encourage it
for no population OIL earth possessed the
characteristics Of honesty and industry IN
more eminent degree than The German
people. -,
But the Bill is attacked, likewise, upon
The ground, ,ha, it contains dangerous ant
monsrous provisions. A charter already
exists, granted 10 the company in 1885
TO cover a period of IA years: this Bill
asks an extension OF that charter, which
was then sanctioned by the Legislative
wisdom and supposed pulley of the State,
aud asks further for certain amendments,
the want of which has. hitherto, ia parl
prevented The prosecution Of the, eater.
prise. No money Gom the Treasury is
asked no peculiarly exclusive privileges
are sought. The second section gives the
power to deal in Foreign Bills Of Ex-
change. aud receive money on deppslle,
paying interest thereon. L is now The
common law right of the individual, may
MOI be The right Of n Corporate body; it
asks for The company only Il declaration,
in their behalf, of the common law right
of every person. The exercise Of This
right is necessary TO give vitality 10 the
trading company. to carry on the. opera
tiocs and adjust The balancc Of trade
To obviale some objections, Mr.. Y. said
lie had proposed all amendment, that The
Stockholders, over and above The capital
stock, should he Individually liable for The
DEUS of the Company. Thus lie hoped
The asperites of the Bill had been smoolh-
ed for The passage Of some genllemen.-
But i, is proposed TO strike oul the third
section. This is very slight exclusive
privilege asked Of The Sale. II asks au
exemption of The real estate, which may
be held by the Company for the lransac-
ton of its business, from Stale taxatfnn.-
Il gentlemen would lake the trouble 10
make the calculation, they would find il
an exceedingly small bonus which is era.
we'd. as a slight encouragement TO The en-
lcrprise, from the Slate. tVhougIi on
named. it is about $50 per yoar.) The
advantages which would result in one
Ss55 S H. sIas nH 9s sassffA
finirely y,counterbalance thai small piilance.
But gentlemen say, il is not the amount,
the paymentof which they would be freed
from. hut il is The iHpulicy Of the mea.
sure, and the badness of the precedent.
Il is mistake lha, il is impollic To- en-
courage the direclios Of cn:Inerce and
trade To our Sale and upon The score Of
precedent, it is only necessary cite gen.
llemen to the sIn'ute book. Look, among
orher cases, 10 The Charleston ami Liver.
pool liue packet Company. MOI only did
the Legislature. in 1885, exempt The $50
600 of real estate au,horized 10 be held
by that Company from taxation for five
years, hul also exempted from 'axalion,
for given period, the goods whicI, should
he imported ii, the vessels of the Compa.
nv. The Legislature weut fatlher--il ex
tended the exemption FROM taxation 10 all
goods which might he imported in any
vessels independent of those Of The Com
pany.) owned by citizens of The State
If gentlemen waL, precedent, this will suf
fice TO show it has been the policy Of This
Legislature 80 encourage direct trade be.
tween foreign ports aud our own Stale.
By holding out inducements TO the enter
prise. The extension Of such induce.
lnen,s to 50 important an enterprise. can
not be considered, rs has been inlimaled
as n violation of the princip Piles Of free trade
We have long been battling against the
imposition Of impost du:icsb BY 'hu Geue
ra! Government. which lend towards the
exclusion Of foreign commerce from oul
ports. Such privileges are no shackel'
upon, but are so many inducements 10 suct
commerce. They are not exclusive 70
one class Of our citizens, but are alike
open To all. Ii is singular that all the no
and fiery opposition to this Bill Proceed
from nv friends from Charleston. VIII,
this sensitive and vigiianl opposition L
extending ln companies in the country
privileges which have been asked for ant
granted 10 them Do they wish TO mo
nopulize all The privileges and benefits u
commercial enterprise Let them un
dersland lha! The country is ready land 10
proof Of the past onk TO your statute
book,) to extend all proper encourage
ments 10 her great commercial emporium
But we ask her TO grant TO our applica
tions like privileges. lflhe gentlemen ar
not predetermined 10 break down this bill
lei them suggest, in their greater wisdom
and experience, sufficient safeguards I
The public. aud their adoption will b
cheerfully acceeded to. Whether the me
moralists for this bill prosecute the enlcl
prise or not, is rot the question. If the
do, and it should contribute to The pros
perily Of Hamburs,it will alike redoun
). 10 The interest of Charleston and sdyan
,aseto the Slate" 9- -.s ~
: q no ''y a-l
Another Reqaisition for Troops.-Gov
eruor Johnson, Of louisiana, has receive