Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1846-12-02


BILE 10 the onward and advancing progress
of literature and sicence. And here, !
take peculiar pleasure in referring to the
fact. that one of the learned and sistln'
f, guisIled Professors Of the latter institution,
! has. with great pains, and no little perso;
| nal sacrifice, prepared a highly useful and
valuable work on lcthyology. well calcu'
lsled 10 raise The character of our state,
and rejecting much credi, on the ability&
research offs gifted and indefatigable au:
thor. am sure it will not be considered
unreasonable 10 Suggest that a small ap'
pronriation of Five Hundred DnIars--in
lbe shape of subscripton-be made, TO
assist Professor HoIbrook, in putting his
work 10 press. and laying il before the
public. Such book deserves 10 be
placed in,he library Of The Stale, as a tes,
limopial of the talent and energy OF one OF
its most scientific citizens.
A reference to the Reports of the Comp:
roIier General and Of The Treasbrers OF
The two Divisions. will place you in lull
possession Of all It .orma,ion III regard 10
the state and condition of our financial
affairs.
The several State departments have
been managed with all. the. ability for
which the officers in charge of them are
so Justly distinguished, and tho improve
ments recently made, in and about the
capitol, contribute very greatly 10 the des-
patch of business and The safely and pres
ervalion Of the public records.
During the past year the Indebtedness
of the Slate has been materially reduced:
The Bank Of the State has paid on the
balance of the sum Of 100000, issued
Under The acl of 1925. and which fell due
on the Ist Of January last. The prompt
uess with which he several issues OF Stale
slock bave been redeemed. as they be-
came payable, cannot fail TO reflect most
favorabIy on the credit of The State. Ihe
Bank has transferred 10 the sinking fund,
from The profits of the fiscal year, ending
Isl of October, The sum Of S9o, ,O0O. ana'
has Sc, apart further amount, wblch'it
has been considered prudent to roserve,'
TO cover losses. This is an evidence that
The institution is in successful operation.
That the Bank has sustained losses during
the year. is 10 be apprehended, but thus IS
incident to every such institution: NO
exercise of caution can prevent LOSSES from
sometimes occurring aud more especially
il is difficult 10 avoid them, when ihey
arise out of circumsta nces which. violate
the most sacred oBlig tions due 20 society.
Isolated instances oftfs nature caunof
and ought not to weaken our confidence
in The well established character OF our
public agents; nor is there any Thing in the
amount of such losses, to awaken dnxlel3
as To the safety Of the institution.
The rate of interest, as at present estab-
i,hed in This Stale, it appears to me might
with advantage, be reduced 10 lower
standard. Our Banks all loan money at
six per centum, and the interest on: all
bonds and judgments, in favor of the Uni
tel States, is computed at the same rate.
Without going elaborateIy into The sub
iecl, | would suggest the prorriety OF
lover rare, and that it be fixed hereafter
at six instead Of seven per centum, as al
present.
By resolution of the Legislature. at its
last session, .vas instructed TO have
building erected, on the State House
square. as receptacle and deposI'e for
the balances, weights and measures re-
ceived from the General Governfnent.-
On inquiry aud investigation. find, that
such building would necessary involve
considerable outlay of money, and as
o! her improvements aud addl'ious, are in
contemplation. and, with view TO q
proper economy, | would propose that an
appropriation be made for The purpose, and
lhit the whole should be included in one
contract.
would especially recommend to your
attention. the re1lafsemeut and improve
ment of The inIerual communications o
the State. by means of Rail Roads. There
is no object. on which your fostering care
can lie bestowed, tha, will more ampl,
reward your efforts, or The results ofwhicl
will he more generally distributed ti,ro'
out The State Our rivers-imporlant a
they are, are channels of COMMUNICATION
do not afford the facili,ies necessary Il
unfold the mineral aud agricultural re
sources Of The interior Districts OF our own
or of the adjoining States. To unloc'
these resources.-to awaken the energ.
and enterprise Of our citizens, and TO secur
TO them the opportunity Of competing wit
other portions OF our own. country, an'
with foreign nations. il is necessary lha
new facilities should Le Obtained. Bu
Rail Roads are not only important a
means for conveying The productions o
the Stale to market, they are to US, es
scnlial. as the basis Of foreign trade: ]
is in vain that We have access 10 the ocea'
That we have safe and CONVENIENT har
bors. and valuable productions for. expo'
tatious,-our Southern Cities will pege
enjoy the full benefit of,hese advantages
until we improve, increase aud extend ID
means ofcommunicaIion with the in'erio
The Slate has heretofore exhibited q wis
poIicy in investing The greater part Of tt