The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1865-12-09


the House by the Hon. W. H. TREscoT, and is as
follows:
GOVERNORS MESSAGE.
EXECUTIVE DEPT, SOUTH CAROLINA,
DECEMBER 3, 1865.
Gentlewen Of the Senate and House Of Representa-
tires
It is nv duty to recommend to your considera-
tion such measures as 1 shall judge necessary or
o. expedient" The messages Of the Provisional
Governor, at your special and regular sessions,
have brought to your attention many OF the sub
ects meriting your consideration at the present
time Some, however. have not been noticed, and
Others in my judgment, are OF sufficient lmpor-
tance to bo reiterated.
The people OF the State are not in condition to
nav the usual taxes heretofore collected and hence
The necessity of emitting all appropriations which
the efficient administration OF the Government
&. does not imperiousy requir'. The annual appro-
priations for Free Schools and for the Military
Academy should be suspended for the next year,
and the appropriations for the College, for Public
sBuildings for Contingent Accounts and Claims,
materially reduced. But, with all the economy
that can be practiced to keep your State Govern
ment in operation, it will require such a sum to
meet necessary expenditures as Will oppressive
on the people to raise. The Courts can not be
opened il Your Judges fail to receive their salaries
The functions of the Legislative and Executive De-
partments Of the Government can not be perform
ed if their pay is withheld. When you shall have
Determined the amount you intend to appropriate
10. tine fiscal year, how can the money be raised to
meet It'll II must be done b. taxation or loan
The anomalous situation in which we are placed
precludes the hope that any loan can be effected
without rulnous loss. IL this Is tI2 Rtnen our only
resource is taxation.
in.o it before the first Of June How is your Coz
ernment to be kept in operation until that TIM
E aS snss IS paSs5s Sa5S0F1f a 6
~ Il u S7I1.serz.=sisssse9E L. -
tkv7z lite, :-@srve their par valne, if the
issue is limited to one-half Of the taxes to be
levied. BY imposing this limitation, the public is
e5fectually protected against redundancy in the
issue, and its redemption is certainly secured dur
ing the fiscal year.
An the direct tax due the Government of the
United States has not yet been paid The laws of
. Congress now prohibit the state from assuming
the tax; but feel very confident that the same
privilege will be accorded to South Carolina that
has been enjoyed by most of the States of the
Union. l. therefore, recommend that Congress be
memorialized by the Legislature, so to modify the
existing law as VIII enable the State to the
tax, and that the Secretary Of the Treasury be re-
quested to suspend the collection of the until
Congress may have time to consider the applca-
Eion. lou can provide by law, at your present ses
siou that in the event the privilege is granted the
State, chat the Governor be authorized to conSum-
mate the arrangement with the Treasury Cepart-
.ment at Washington. And, in this connection, I
may bring to your attention the condition Of the
lands en- and near the seaboard, where this di-
various Acts Of Congress. Much of the land in
chat section has been sold at enormous sacrifices,
and is infinitely more valuable in amount than
the whole tax; and, il general statements are to
fbe trusted these sales have realized for the Gene
lral Government nearly the whole of the
direct tax apportioned to this State, and that, too,
without taking into consideration the value OF the
lands purchased or reserved by the Government
itself These facts should, think be brought to !
the attention of the Government by the action OF
the LEGISLATURE and the Executive authorized, il
possible, to effect with the General Government
some amelioration Of the enormous and ruinoua
sacrifice which has thus been imposed upon por
tion Of the citizens OF the State
The exhausted condition of the country, and the
complete prostration of our finances require that
debtors should be still further protected by par
TALLY staying the collection OF debts. 1t would be
wise to recast the existing law upon the subject,
and provide that the creditor should have the pri
vilege o. suing his debtor to judgment, so that
lien upon his property may be secured; that the
interest and part OF the prlnclpal should be col
lected annually; that the whole sum may be col
lccted when the debtor attempts traudulentlv or
. clarCesiiney to remove or dispose Of his proper
ty; that the law should not apply to debts con-
tracted after its passage, nor should any lndn-
eonce be given in OF trespass or for tcrts to
persons or property committed before or after the
passage of the act.
Serious Inconvenience often result from the
difficulty and delay Ill securing charters for raj
road, manufacturing, mining and other compa
MES intended to develop the wealth and resources
of the State. Much time is necessarily consumed
in the consideration of each application, and the
statute book is encumbered with these numerous
acts of Incorporation To facilitate the torma-
ton OF all companies where men are willing TO
venture their means to develop the industry,
wealth, prosperity and resources of the State, 1
recommend the passage OF general act OF incoi.
poration, and when its provisions are complied
with, that the subscribers to the capital stock be
declared . body polite
BY Act of the General Assembly in 1887, the /
State lent its credit to secure loan for the Lou
isvLe, Cincinnati and Charleston Railroad Com |
pany, and authorized the Comptroller General to |
endorse the bonds of the Company, pledging The !
faith and funds of the State to the faithful per:or
nance of the contract" The bonds, amounting |
to two millions of dollars were issued and err
dorsed and will fall due the first of January 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 prin l. |
; pa bond-holders are willing to extend the deb |
FOR twenty years longer, if the State will renew
her guaranty. The State has statutory mort |
.gase on the road; and upon its renewal recon-
ln.end that authority he given the Comptroller
ment of the new bonds that may be f-ennirad T., |