The Lancaster ledger. [volume] (Lancaster, S.C.) 1852-1905, 1857-12-02

OF the State, and II society which will b,
independent and thriving, by their various
trades and occupations. The Commission
,rA will see TO its regulation in due time.
lb"ss good citizens have performed so
well the services of the Stale in this regard
--s" consistent and disintrrcstc0 have been
tner lHu"rS-So judicious their arrange
mcn,s for the benefit Of the. d. lrge, that
have great satisfaction in CO operating with
them C.r.cGciC
recommend that they be invited TO en-
brase within the sphere at their supervision
The public education under the Free School
LAWS that they he authorized to organize
f. ana establish one or nuTr Normal Schools
IN each division Of the State for the pre-
puatl"n of TEACHERS, an TO int roducc and
explain ImprO\ cmcntS in the methods of
Instruction. They SHOULD be allowed, while
on duty, during the recess Of the Lrgislu-
:urc, the pay and mileage of members.
/ Hitherto they have received no comprnsn
l"n hey ond that " hich arises from the con-
sclousness of rendering good service to the
State, and kind offices 10 the interesting
objects of their care.
De LA Howe School AT ATIrrHE.-Dur-
! ing the past summon, in making Il military
tour through the State, II day was devoted
the school al lethe, in Abbeyic District,
founded by the will Of DR.. John de In
Howe, at the close Of the last century. lie
dcvis"s the land on which he resided with
all his Itnds adjacent, his library, &c, Sc.
/ for the purpose of Keeping up the farm,
: and establishing schUu! for the SUPPORT
and cducHti"a of twelve boys and twelve
gr's, of AJbcvi.lr District. SO rs To qualify
lnum To make intelligent and nsrfpl farm
crs and farmers wives, and especially re-
commcnds that the principles Uf chcmisIry
be taugnt, y" lar as they are appilcnhi. l..
practical agriculture and domcsric economy.
Thus II Is. ludccd, valuable Nucleus of
agricultural education, worthy Of the con.
sIderalon aud enlightened patronage OF the
General Assembly. Ii is The foundation of
benevolent foreigner, whose REMAINS are
The enl"mlcd, and whose cAaHplc is en-.
titled TO lasting honor aud influence. |
have recommended 10 the worthy Commits.
sioners, who now devote iheir lime and nj.
ten iiUn 10 lis interests, 10 raise the stand.
ard Of education in proportion as their
means VII. allow. A dilhcuily in the way
OF their greater us funuss. they represent
To me, lies III the Want OF places for their
pupi.s after completing their term of four
years. II they were authorized, Uy law 10
send one of their young men annually TO
the AIscual AcadcmN, al Columbia or four,
or even TWO in the course of fuur Years.
and, also, within the same term, four of the
girls 10 Il Normal SChu ul, in order TO learn
the art "t teaching, this obstacle might uiti.
matrly Oc passed. IhcT teacher iniS year,
! is Il young man, formerly OHc Of their pu-
pilS, WHO has passed successfully through
! The ioIr years course of the Stale Aca,r-
mics. IL would contribute materially TO
the progress of that kind OF education
which has SO long been desired in Carolina,
! ii TINS Young man cOuld be sent TO an auri-
cultural school III Europe for two wears,
and return 10 take charge of the Lcthe
Schoo! four years ia compensation.
FINANCE AND BANGs.-The financial condi
ton oi thc Sia.c Is sound, though at the
present moment necessarily sOmcw hat en-
DaIrA>scd Without including the surplus
rrvcnuc, > ,OJl ,I22 %, winch is held on
| deposit, the debt of The State amounts 10
SS,UJS,ooI 90, drawing interest at a rate.
vary ing rom ) 10 per cent The t.Xes
returned Tor the last hscai wear are S4s3,
LA 90. he ordinary annual eXpcusrs do
not cAcced S3JU,uOO. bat the payments
out OF ihe Treasury the past ear far exceed
that SUN. For particulars | refer TO the
| report OF the Comptroller General.
lhr same report will present the month
~ cNhIblt OI thc condition ui the Banks
| NiIh!h ten years the number of Banks has
been Increased 10 twenty. which are re.
turned monthly, win an aggregate capital
ot Sl+,o3 ',oll 20, with specie basis ia
September oil 1929, 9,399 16, aud a line of do.
HeS'lc exchange amounting 10 $40 2G5,-
$50 80. OF The last sum srx OF the Bank,
IN the commercial city OF Charleston, huy-
ing c"piunI of SS, 7,6l2 20, returned for
l heir mart "A
OF The ten Banks hr>t damcd in the EXHIBIT
amounts To SO, ,6I2 20 their circu.u.
lion for September was So, 80, ,o26; their
specie Oh hand Tor the s;lnle month 1891.
9i9 10. The circulation Of the same Banks
as sho" II in the month of October, Was
! s3,SUG ,3Ol, ana thcir specie amounted TO
! S43b,o93 30. ! he te'i Banks, last named
having together u capital of $4,000 900, re.
! turned for their circulation in September
s3,7 I5,3li; specie on hand, S4OI, $50 Il
lie circulation Uf The same Banks, as shown
! III the October exhibit, VAS S3,2lS3I5 so ::
specie on hand 1897 II.
/ Ia Ine hrst half Of the year | was pleased
/ To learn that The bills of the principal Banks
! IN South Carolina constituted slIlI a nor.
! ton of The most approved currency ia the
| West, ana were available also to travellers
aS tar North as the city of New York
! Those Of SON" Of the smaller banks, il was
sad, were sometimes found, ut certain
| points in the w Nestern States, circulating
100 freely and IN too great numbers. la
granting charters hereafter, | think II would
be well To conIine The Banks TO dealing in
exchange, discount aHd deposit. The issue
of bills tor currency should Ge the preroy-
atiye OF the Bank Oi me Stale, which, In
It's turn, should De denied the privilege OF
d.svUun!!ag notes or dealing IA DOMESTIC
exchange. i ne corporations winch demand
IA circulating medium for tnrir business
should apply To ihe Stale authority for tho
same, dcpositiug une.thIrd Of The amount
desired III specie, and The remainder IN sat
IsiucIOry securities, 50 us to assure the pub
iIc OF The sOundHrss aud cOnvertIbiliIy OF a
mixed currency. Ihis suggestion is made
OH The suppO,iIIon that The Stale will ad-
here To INC Bank OF the State as is fiscal
agent, not because prefer IL as such. Un.
less some such mo dIncatIun OF the system
be adopted, am vi opinion that il would
COnduCc ~ the sOundness of the currency,
and more 10 the interest OF the whole COM
munity, TO have Tie Banking business Of
-, -.