The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1846-12-02

buteds slargel he raj sstocs ssnses
ful ipforinaiion, md sW bich. with Sa Iit-.I
tie aid, tronasi enli teilet, and liberal legs|
islation, promise fair 10 exaltg the Standard
of educatioip tn SonthS CARO- lima, TO- that
point of excellence SO desira Bile in the ons
ward and advancing pro gress Of 'li.erallre
md science md here, I lake pecnliar
rlensure In referring toi Tho fact That one Of
.heaIearneil and Slistingu uished II fessors
OF Tho LATER Institution has, with great
pnins, and M little personal rifce, e.
lchlhyology. well calculated 10 raise the
character Of our State, and rejecting much
cre.ii, on the ability aud research tnfits|
gifted and ndindefaiigahle author. Iyamsure
Il will MOI be considered tunreasonablr 10
suggest that "a small l3appropriatioiIsaf Five
Hundred sDulars--in the shape of asub-
xcriElit,n--he mntt,y 10 assist Profrssor
liolbrook in%putiihg his work tn press,
and lnyingi before The public. Such
h"oks.leservcs 10 be placed in tile lihrhry
nr the Stale, us n iestimnniul af#the talent
and energy Of one Of lis most scientific
Citizens Sc r; s5: NJ. !.
reference 10 the Reports of tie Comp
trollcr General untfnfa the ,lsreusurers 0f
the two Divisions. will place you in full
possession of.all lsint,,,mn!ion iii regard, 70
the sta IL aud condition of our financial az
fairs.
The ,scvcrai S,alc Depa, tmen,s hive
bccn managcdWilhsallihr ability for which
,i,c officers nc|nrgn of them are SO justly
.!istinguslrd..and the improvements re-
Gently made. in aud nbnu, The capitol, CON,
tribute very greatly IL tllp despatch at bn-
sines$ and the safety and preservation oi
tile public recnrtIs.
During tile past year The indebtedness
.of tho State las been materially reduced.
Tile Bank or The State has paid ol' The ta.
lance Of the sun, OF S300,O0O, issued under
Tie Ac! uf / SS5. aud which f. II due ON the
lst of Jhn,ihrv last. Tile rromrlnrss with
which lie several issues of State Stock
have been redeemed, as they became i,ny-
able, cannaifail to r, fleet mnsl fnvnrably
on the credit or the State. The Bank hns
transferre tn The Sinking Fund, fronl the
pIofi,s Of the fiscal year, ending lsl "f DC.
1obcr, the sum of G95 ,OC0, nnd has SCI,
apart further amount. which i, has been
cons,lereh prudent to reserve, to cnvcr
3nsscs. This is an evidence that the insli.
vu,inn is in successful operation. That the
Bank has sustained lnssrs during the ycDr,
is Co be npprclendcd, bu. this is incident
1ncvcrv such institution. No exercise OF
ruu,iun can prcven, losses from sometimes
occurring; nn.l more especially is i, dilli-
cult Ia avuid them, when they arise out Of
circumstances which viuiatc the. most sa-
cred obligations due 10 sncicty. Isolated
instances Of this nature rannol mud ought
E0t Ia weaken IN, confidence in the we'll es.
iablished character OF our public agents;
nor is tllere any thing in the amnunt If such
losses. 1" "awaken anxiety as tn The safely
0f:thc institution.
The rateis,f Interest, MS nj present cstnb.
lished in this Stale, il appears 10 me might.
with advantage. hc rcdnce.i lnu lowcr stan.
,lart. Our Banks all loan money at six
per cen nm, and tic interest on all the
bonds III judgments III favor Of The United
States, is computed at the same rate.
Wi,hou, gning eahora,cly into the subject
would suggest The pr"prirtv "f II lower
rate, aud Tint il be fixed hereafter nt six
instead nf seven per ccnlntn. as at present.
By a rcsolnti"n oflhe Legislature, at lis
last session, | was Instructed Ia have a build
ing erected, on the State House Square.
us II receptacle and dcpnsile for The balan-
css, weights and measures received from
the General Government OninQuiry and
investigation, | find that sici, building
would necessarily involve a considerable
Oullay Of moncy, and us other improve
ments and additions a,cin contemplation.
anil with view 10 n proper cconnuDy. j
woul! propose that an appropriation be
made for the purpose, aud that the whole
should be included in unc contract.
Iwould especially recommend TO your
attention, tho enlargement and improve.
ment OF the internal communications nf The
State. by mems of Ruil Roads. THERE'S
no object on which your fostering care can
be bestowed, that i'll m re amply reward
your efforts, or The results of which will he
more generally distributed lhruushn the
State: Our rivcrs-impor,anl us they are.
ns channels of mmulicaton,-,lo MOI nf.
furdzthe facilities necessary To unruld The
mineral and agricultural resources Of the
interior Districts Of or own, or nf the nd
joining States. To unlock these rcsnur-.
ces,-to awaken theenersy and ENTERPRISE
Of our citizens, and Ia secure TO them The
opportunity Of c6mpcting with other pnr.
tions Of ourown country. and with foreign
nations. iii nccessaryathnl. new fncili,cs
should be obtained. 81 Bit Rail Roads arc
not only lySimporian., asmeans ror convey
ing the productions of'tlie State TO marker;
they are TO us essential, as the basis Of IL
tra,l 10 ;,,;,