The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1850-03-19

this House. which would illustrate in one point
of view the beneficial operations of the bank in
relation to taxation and increase of slaves
Illustrated by table.
No. of Increase Dec'c
1909 and 10 slaves ofslaves. Taxation. of taxes
,syys ysa'' preceding gssS1s lss;ss9 ass,, ss.sle
1889 1889 do do do do sss5 ise si5 ssosss S % asio
Total decrease from 1919 to $500 years s3D,3lo
Showing that with the reduction of taxes, slaves
increase in number That with the average
annual taxation, for ten years preceding
1919, was S320,5l9. That the annual average
of taxation for ten years preceding 1929 was
40l, ,7l6; tor ten years preceding 1899 was
$3.50, O,4S5. That between 1919 and 1920 the
diminution of taxation per annum was Sls,S03,
that is to say saving to the State in ten years
of $1Ss,0SO. That between 1929 and 1889
the diminution of taxation per annum was S2l,
13l, that is to say saving in that period ten
wears of s2ll,3l9. Being saving to tn, pco-
pie oftaxation during the twenty years of Three
hundred and nineiy-nine thousand, three hundred
and ftriy dollars. As before remarked, had
the State not gone largely into debt, and annu
ally absorbed the profits of the Bank in the cx-
tinguisbment of that debt, the taxes of the peo-
ple would long ere this have been reduced to
mere triAc, and perhaps to nothing.
Independently of all these considerations, the
Bank, as. fiscal agent, during its existence,
exclusive of the surplus Revenue and Fire Loan
has received, safely kept and paid faithfully out
for the State, without charge or the loss OF a
cent, all the funds of both the Trtasurers of the
Upper and Lower Divisions of the State, as the
depository of the public funds and taxes these
receipts and payments reach the vast amount OF
twenty eight millions Of dollars.
He had feebly and inpcTfectly, he was aware
replied to the arguments of fthosc who were bent
upon the destruction of the Bank now. lie did
not indulge the hope that lie had convinced those
WHO were predetermined, of the impolicy of
their hasty movement Their voice Was, that
now was the time to give the fatal blow! lie
would invoke the House not to obey the ORA.
eular givingsforth. He would ask their r.
Election upon the response ofth paphc Orac'e
worthy of its ancient reputation for it, polite
ambiguity, to the General of the Amptrtyonis
Council who has consulted it on the Issue of
his contemplated Asiaiic xpedi:ion-"CrorE-
ed is the rictim, The altar is rcadv, Tie stroke is
impending." Elatcd with the answer as a
guarantee to success and a victorious campaign,
a nuptial feast was had, followed By a splendid
banquet, previous to the cnbarkation. On the
morrow an exhibition was 10 take Irllcc i'll the
Theatre. The entertainment began with pro-
cession; the shouts of an admiring, applauding
multitude, announced the kings approach. "lIe
advanced with white robes and with frstal chap.
let" in front, "tlat all might have a view o .
his person, and that it might not be supposed
he doubted the universal good will of the
Greeks" This was the moment when Pausn.
Mas ran up to the king, and drawing Celtic
sword, plunged it Into his side. Philip fell
dcad. The answer of the Oracle was fulfilled
trnt!,fully; but il. 4 manner far different from
the cxicctation of the enthusiastic congu"ror!
Lo. Us ba.warc, lest in obeying the response OF
our Drqcir we find our act to recNil III disaster
upon tie agricultural and ot!: industrial pur.
suits o. oar geo "'.
81 FIR -, t3. p's ,"'.t movement was con-
,,.srrA i" desired 90 a. ~ cDIsitir.ed either
,,laA ,!ia!l @, IN :!'.t! Bank mall i.e eschewed
all character as a par',znn IIc desired to oc-
cupy Il r,n:.rrwirc position: Il principle as
sseiig il Do'iti";!. !, ,ocitl lie. He mad en-
dcavu:rd 10 SLOW t.. ir :,;nlorS and cl;lnors
ASSERTED. concerning the administration Of the
affairs of the Bank, were not sustained by facts.
But for the purpose OF satisfying the people as
to their truth or filthy, ana himself as to the
solvency or Insolvency OF tie discount linz of
the Bank, he would vote for the adoption Of the
Resolutions Of the member from Chester, (Mr.
McAliley) They invested the committee of
Investigation with the most plc;mry powers for
Il rigid examination, to send for persons and pa
peIs, to examine records, and to swear officers
and all other persons. Upon the results OF that
examination, published to the people, they can
decide what to do intelligent OF their interest
If the facts shall show corruption and Insolvency
let us get rid losing concern as judiciously
as possible Ii, however, the facts shall demon
strated that the Bank is solvent and has been Il
blessing to the people, then let them decide as
question of expedicncy, whether they will con
tinue it to pay orthc large public debt by Bank
profits, redceming the faith and preserving un-
furnished tic honor Of the State; or wind it up