Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1865-12-16

annually that the whole sum MI Y be collect
Cd when the debtor attempts frau aulently or
clandestinely to remove or dispose Of his prop
erty; that the law should 19t apply to debts
contracted after its Rassage,S nor should any.
indulgence be given in cases of trespass or for
torts to person or property committed before on
or after the passage of tic Act. s..,
Serious inconveniences often result from
the difficulty and delay,in securing charters,
for railroad, manufacturing, mining and other
companies, intended to develop the wealth and
resources Of the State. Much time is neces-'
sarily consumed in. the consideration of eaoh}
application, and the .statute book is cucumber
I'd with these numerous, acts Of incorporation.
To facilitate the forpation Of oil companies
where men are willing TO venture their means
to Develop the industry, wealth, prosperity
aud resources Of the State, / recommend the
passage of q general act of incorporation, and
when its provisions are complied With, that
tho subscribers to the capital stock be declared
a body politic. ,.sg.,s
,y.y BY Act of the General Assemblyin 1887,
tho 'State lent its credit to secdre loansfor
tho Louisville, Cincinnati and Charleston Rail
road Company, pledging sfthe faith and funds
'of the State to. the faithful performance Of the
contract,H The bonds, amounting to two
millions Of dollars, were issued and endorsed,
and will fall due. the first of Jaruary next
The Company cannot pay the bonds, and the
State is unable, at the present time to make
good the endorsement 1t is believed that
the principal bond holders are willing }eY:
iensl tffe dsbt ffor t&onty yeats longer; tfis
State will renew her guaranty The State
has statutory mortgage on the road, and up
on its renewal, | recommend that authority
be given the Comptroller-G General, or the
Treasurer, to renew the Endorsement of the
new bonds, that may be required to liquidatc
the old bonds. No increased inba@y on the
part of the State will be incurred, and VIC may
reasonably anticipate that, within the next
twenty years, the Con,pany-can pay the bonds,
principal and interest, and save the State
harmless on it's guaranty.
conlpunicate herewith resolution of the
Board of Trustees Of the South Carolina Col
lege, Recommending that the College be con-
vcrtcd into, a University. [ heartily concur
in the propriety of the propoecd change BY
adding to the present professorships schools
for the study Of law, medicine and modern
languages, a thorough scientific, classical and
professional education may be obtained by the
yonng men of the State. The increased num-
Der of students which it will attract will make
the university nearly selfsuppopting; aud
with an appropriation Of seven hundred and
fifty dollars to each Of nine professors, this
honorable. apd much revered institution may
be cpntinucd 1twohld be a aiaproach if such
an inconsiderable sum was refused, and the
alma mater Of McDufie, Harper, Preston,
Lcgare, O'Neill and Pettigrcw permitted to
pass away,aud perish.
4 I also recommend TINT the Board Of Visit
ors of the Military Academy be authorized,t to
change its organization, and, if possiblej con.
time it a selfsupporting institution. y The.
building in Charleston is adapted to the pur-
pose, and cannot be we'll appropriated to.any
other object. It's occupation would, to great
extent, preserve ,theNpropcrty from waste, and
destruction. With a competent corps Of IN
struetors, a practical education could be So So
cured in less fime and at less cost than in
other collegiate institutions, and the military
feature in its organization, would secure the
habit of discipline so essential to success in, all
the pursuits Of after life. },al. SKI ,3 \:
4 I am'informed >that there is a quantityof
property of various descriptions belonging to
tho Statc in different localities, which is vast
ing Or being appropriated to their own usc.by
.IhE the general wreck as much
should he saved as possible ;Ihnd such articles
ls nny lndt hcreafter5b be needed by the State
should be collected aid sold. and the proceeds