The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-30

Couv0ult8-tlknt
two flank companies with artillery in addition pro-
portionate To the strength OF the infantry Each
regiment o. cavalry consists u eight companies
Of cavalry one complete regiment Of artillery besides
the artillery companies attached TO the regiments and
one complete regiment OF rhemen or light infantry and
besides this regiment there Is battalion of rinemen.
The Cronans claim that they have the best organized
militia in the world The State Is divided into ninety
six beats districts and the militia is also divided into
ninety six organized companies, each company having
again subdvdcd into patrol beats and five six mon In
each subdivision are required to patrol twice .
week for the purpose Of looking out for Northern
spies and keeping the negroes from roaming about
and from stealing the property Of their masters.
Every white in the State between the ages Of egh
teen and forty hvo, is required TO appear ordinary
occasions and perform dr and patrol duty Those be-
tween the ages OF forty i've andsxty termed Alarm
Men, who are liable to be called out only to repel an in
vason ana in such contingency they are required to
perform active duty like the younger men. few are
exempt from this militia duty, such as ferrymen, rail
read employees, posmasters, ministers and members OF
Of the other professions. Every man Is expected
to be the possessor Of his firearms and TO bring
them forward all public occasions. Each company 10
required 10 drill every two months Reviews of brgadcs
re held annually, in addition to which there
re regimenta and battalion reviews. The Cover
or OF tho state is Commander in Chief Of the militia
The other officers i've generals OF division and ten
generals OF brigade in Infantry and Ave generals Of or
Nearly every boys school in the district towns is or
ganized the military system II is officially announcer
that 1.-TWO military schools aresupported py the S.o o.
South Carolina one at Charleston and the other at Co
umbs auxiliary to the former Two arsenas,
!
are located, in Charleston and the other In Columbia,
! which formerly guarded by two companies
OF enlisted soldiers at annual expense OF
twenty four thousand dollars In 1912 this appropra-
ton transferred by act of the General Assembly
to the support Of two schools which organized upon
the basis OF the United States Military Academy at West
Point the beginning of 1913 by permanent board OF
ysters appointed by the Governor the cadets at which
perform all the duties of guard for the arsenals The
cadets admitted consist OF two classesState and
dets The state supplies TO tho state cadet all his ex
penses The pay cadet two hundred dollars year
selected from those not able to bear their
penses Applications for admission made TO the chair
Of the board Of visers prior to the annual meeting
fourth Monday November in each year. at which time
all appointments made by the board for both classes
of cadets respect being had to due apportonment among
the several Judicial districts OF the state"
MATTERS
The Comptroller General in his annual report to the
legislature which has been presented in speaking
OF the condition Of the banks states that ''at the
mencement of the fiscal year the bills in circulation
poss SO 1855 f6g Al domestic exchange s. SS3 $50 89
foreign exchange S1S3 800 IS; discounted per-
Der, the month Of the fiscal year shows that the
bills in circulation amounted to 50, 6,O36 lS spo
Gle 81 Gs2 1886 Is; deposits 50 DAT S0t Is; domestic
exchange, 80 1896 $50 ST. foreign exchange, $3.50 S2l
discounted personal security Sill 2O3 903 81
The reports for the fiscal show the striking fact that
the banks, without any apparent cause, retired more
than six millions and half Of their circulation in few
months. These frequent and runous c0lapses IN bank
circulation questionable whether the progressive
prosperity of any country be safely fostercd ana
sustained by standard and measure OF value 50 uncer
tain and fuctuatng paper currency, when becomes
the principal medium OF exchanges"
The following Is a statement Of the public debt pro-
per the close OF the fiscal year, September 80 1890
Three per cent stock outstanding Oct l. 1880 t4OI5
Six per stock outstanding lire loan, 1888. 1856 s0l
Five cent bonds 4S4 40