The Carolina Spartan. [volume] (Spartanburg, S.C.) 1852-1896, 1860-12-06
S. c., THURSDAY, DECEMBER 6. 1860.

For detailed account of the finances of
the State, you are referred to the reports of
the Competrollcr General aud the President
of the Bank of the State
! The condition and resources of the South
Carolina Banks, and of the whole South,
bear very favorable comparison with the
Northern Banks A northern writer puts
down the aggregate amount Of specie in
the Northern Banks Si7 ,670,759; Circu-
lation, Sl56,06S, $50; Deposits, Sl96,577,-
800. In the Southern Banks, Specie, $50
923,77S Circulation, 50, ,033,6t7-; De
p)sits, S57 ,22i, 10. Showing that while
the circulation and dcposi of the North-
ern Banks are seven times greater than
the specie i'll their vaults, the circulation
aud deposits OF the Southern Banks are
only three times as much as their specie, and
their circulation alone only one and half
the amount Of their specie.
All the banks ia the State, judging
! IRON their reports, are in safe and sound
! condition, and prepared to meet all their
liabilities promptly; unless some CONNER
cial crisis takes place, which may for a
time cripple their resources and make it
/ dhhcult Tor them to meet all their engage
mcnts. 1t was proposed Mt the Extra SEES
sion to raise four hundred thousand dol
: lars. by issuing State bonds, to arm the
! State and prepare Cor her defence, but fr
! want Of time, no decision was made on the
| proposition. In the mean time, however,
ana with great promptncss, the Bank of
! Charleston, through It's President, tcle-
graphcd TO Inc that it would take one hun
drcd thousand dollars worth OF the bonds
OF the State AT par and since then for
mat resolution OF it, board has been sent
me to the same effect This act of patriot
ic duty, on the par: of the Bl. K of Charles
ton. merits your highest commendation.
and sets an example of love to the State
and dc"ot!on 10 her cause. worthy Of gen.
crat imitation. '"he mere "snpncy changer"
would calculate the value OF the Investment
and prospect of gain; but the patriot gees
nothing but the necessities of his state, and
hastcns TO pour out his treasures TO relieve
them.
MARINE SCUpoL OF CHARLESTON
This school was inaueurltcd on the 10Th
May. lNjJ. and commenced operations
With sixteen pupils. which has since
increased t" !orty-three, with many more
applicant, than can bc received and accom-
nD'l"ted ILc pupil, arc not confined to
Charleston; but come from Edgefeld. Beau
fort, Earawcll, Nchlaud, Horny ana Cole.
ton. The Board Of Trustees report that
their health has been good. only one death
having occurred, and that one shortly af.
ter coming on board; that the progress and
conduct uf the pupils are quite satisfactory,
and even now there are several on board
capable o.! managing a vessel. Feeling a
deep interest in the success of the expert
ment, visited tie scho,l, on board the
l.oicj.r, stationed in Charleston harbor
near the battery, last spring, and was not
only gratitcd, but delighted at the pros
pcct OF making useful citizens and valuable
sailors, to be called into the service of the
State III her commercial marine, or in man
ming and commanding her vessels of war.
Southern seamcn are among the great
wants OF the South and especially at this
critical time, trained rs these youths are, not
only in manly nautical pursuits, but in the
usr Of cannon and armS-the State NAV
with confidence look to them for aid in hey
hour OF danger
Vt the last session OF the Legislature,
the sum of FIVE thousand dollar. was appro,
priatcd towards the support OF this naval
school. and as events crowd upon US, ma
King II more important eve day thH. We
j, we should have a nursery to prepare steady
and capable captains, not only for our mcr-
cantiIc marine, hut for our coasting trade
and vessels oi war, | commend this valua.
bic school 10 the fostering care of the State,
and recommend Il liberal appropriat on for
| its bcucit
~ ARNonY.-Thc separation Of the
Earn tb III
= the Southern States, To great extent. with
= ont the tecli,ics of fmauuiacturin. arms. for
the want ot Armorcs aud it will. there
p fore, be important Tor each individual State
10 establish AN arnIory, or that two, three
, or four states should unite for that pur.
pose. We should not bc dependent on the
North, or Il foreign country for our weap.
ons Of defence, lest in the hour of need
, the supply nay be withheld from us. VI?
, Jor Ii. :. tnpley, II citizen of South Caroli-
nG proposes 10 establish an Arinory for the
! south, in Georgia, Nlabama or south Car.
: oina, according as may bc a"reed on by
those states. All he asks is, that each OF
; the three States named Shoud contract
with him for fifty thousand dollars worth
OF arms annually, for five years, and extend
their patronage for a short period thcrcaf
ter the arms furnished to be up to astand-
ard model, TO be determined upon and dc
; lvcred atpriccs fixed by competent author
lty, anI 10 be subject to the proper militia
, ry Inspection, in parts, by State officers
= those oil each State to inspect the arms fol
that State. This would be preferable tc
, hayinSan Armory, and would preclude the
C necessity hurdcniug each State with az
! extensive establishment, dependent upon i
T. for management by salaried officers, an,
= would require no expenditure by the State
a until its vauo would be received.
l There seems to be nothing in the propo
: sition but Whit Is lnir aud rrasnnnhlc an