The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1865-12-06
THE STATE LEGISLATURE,
[sRoM OUR OWN CORRESPONDENT,


COLUMBIA, December 4.-The report Of the President
and Directors Of the Bank of the State been printed
end laid before tho Legislature. It says "The dis
charge Of the duty Of supplying the to the
appropriations made by the Legislature during the lnte
contest has exhausted It's active RESOURCES and tho
Bank Is unable TO answer tho demand which 1t has,
heretofore always responded to- by advancing to
meet tho public expenditure In anticipation Of the col
lection Of tho State revenue"
In the accompanying statement shows that the per-
sona deposit account amounts to 387 S78; but the
report says that these deposits received in the
then currency, the express condition that tho par.
ties deposting to take all the risk OF change
value The report further shows that the President
conneIion with tho Comptroller General. borrowed
but several Of the banks making the advance
indebted to the Bank In balances to the amount
$69S o0 and the whole indebtedness was merely cur.
renoy obligation The report further shows that the
specie, which was provided that the General Assembly
indebtedness, Of the State requires special attention.
Barring Brothers Co. having paid the interest part
debtor 10 the amount of Sl26254o No provision has
been made Tor the seannual interest due In January
The principal Of the debt due In Europe is pounds
The Bank in possession Of assets exclusive of Con.
anount q aSout but purt Of ths Consists no
Of notes taken for loans in currency.
Inc report recommends that the State Issue ccrtf-
Gates OF indebtedness to pay officers and creditors this
Issue to be In bills Of the Of ve and
dollars and receivable In payment of tares. 1t also
states that has determined to open in Charleston an
office for receiving deposits and 1t continues thht sit
s beliey that with the revival Of business enlarge
ment OF it's operations would onBue and 1t enabled to
resume the position II has hitherto held" Those are
the chief points OF the report.
Whatever the proceedings of tho Legislature may
been to othors they were to your Correspondent ex-
ceediDgy wearsone The District Court Bill was again
made, but III the House the second reading was
| nearly completed. The following aro tho principal
amendments made In that body The clause of section
Hix which stricken out Saturday, WAY, on q 70.
consideration moved by Mr.. Haskell, restored, and
person IA not forbidden from giving testimony on
account Of interest or disbelief In God The seventh
section amended TO require that, In the
District Judge shall be party In interest In the suit the
case shall be removed to ncghboring Diatrlet Mr..
shall DO entered in tho Circuit Court next ensuing
The portion OF socton seven, giving concurrent uris.
dfction to District Courts in cases Of niademeanors
committed by white pcrsons, stricken out. These
the only things OF any interest that
DO eed out OF tho continuous labor OF several hours
Mr. Weathery presented petition Of sundry citizens
OF Chafleston TO establish railroad. Mr.. Duryoa pro-
gented petition for act Of incorporation for tho
stoneTn Fire Company Of Charleaton.
which WAS read for the first time.
Mr. Simonton moved resolutions that after Tuesday,
the House shall take at 8, to meet at6 o'clock
Mr purye1 offered resolutions that the Committee
OF Ways and MeAns inquire Into tho expediency Of po
yidas fos the renewal Of certificates Of itocs and
Mr, Aiken offered resolutions to refer to the Commit