The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-05-24

psuEPRE0ATIoH OF CITY "CURRENCY.-There arc
few persons resident in the city who have not been
annoyed by the rofuBal Of somo parties to receive
the city money oIcopt ut beary discount, This
money was issued by tho city as certificates Of in
debtedness for which the corporation held thoni-
sslves responsible, and II was only nftor long de-
liberation that 1t was decided by CouLol to adopt
this plan rather than burden tho citizens with,
heavier taIes. It to rslievo tho citizons, but
especially the doaulting tax payers that tho bills
we're struck of, md 1t was expected that they,
would be favorabiy received by tie community, as
the money was returnablo OF par TO tho city. At
first this proved to bo the case, tho depreciation
was 30 slight as not to infect tho treasury but It ap
pearod, 70 bestoo good an opportunity to make
money t6ut of the. necessities Of others, and the
bills we're bought up by parties ct largo disconnt,
and returned 10 tho city at par : 80,
This dbpreoiation is peculiarly severe upon the
city officials Ms they aroSall OF thompaid In this
moneys and they must other submit to tho eItor-
tion q tho Shylocks or wait until tho treasury can
redeem their bills. II would hayo boon an easy
matter for tho citizcns to havo acted in concert
and taken tho money at It's par yaluo, bnt thoy
seem TO have forgotten eSory consideration but
self agrandigonont; tho past has loft no whole
some lessons, aud hs long as they rise they caro-
iitto who sufiers The city has acted hor part we'll
II not wisely, for rather than Bue the Taxpayers
she granted them timo to reouperate and, lile In.
CRATES, they have stung tho hand that Tod
their property: Papor money can never be con
sdered at tho same yalue as gold, but tho City Of
Charleston has never failed to return her bonds,
and before tho war City per cents. were consid.
cred an sIcell6nt Investment. Tho war has I'm.
poyprishcd corporations well as individuals and
It is difficult, nsttor in tho presont emergency
for Council TO meet tho necessary expenditures and
make both ends meet. Repairs arc necessary In
every part Of tG City, but II tho nances are ham
pered thoy will noror be commenood md our fu
ture prosperity BIO but dream. I. 1t was an OLE
adage that corporations had no souls, but IL viii
become truism II their pockets are emptied, TO
then they will bo compelled TO turn . deaf car OF
all complaints md only do what is absolutely ne
cessary TO keep the whoels In motion. 3 8
{ II the cttzensao not prove equal 10 tho 'emer
T genoy, and phew by their countonanco and work.
that they hAve' falttin tho city money, thoy will
eventually be the greatest sufferers. tAfow, br,
unfortunately worry tGv, continue to ,teceiye til;
bills at pff; but whom tho depreciation Is 40 gen
oral, and done, to " sorno Why syor, tho orislna
tors of. the plan, their action can bo commended
but not followed. We appeal To all who have th
welfare Of the CITY at hoaft, and desire to 500 hs
take her forer position in tho world, to assist ho
now In the hour Of :need. "A conceried aetIo,
would accomplish wondorei for confidence son)
be restored tie city would DO relieved, and, abov
i al, tharo would bo tho. oonsciouaness that u.
!: bad done their dutJ: /, 4, ii