The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-07-06

BILLS.
Bill to provide for the liquidation OF tho IN IN,
S0th day OF juno, inst, came up for It's second
reading.
The caption Of the Bill was amended by striking
out the word 'to," and inserting tho word
(which" and adding the letter "d' to tho word
"accrue," and substituting the word 'ast" ior IN
Alderman Coserovo moved to lay the bill on the
table.
Alderman Enston seconded tho motion.
Alderman Ravenel, Chairman OF tho Committee
Of Ways and Means, begged tho Alderman to
withdraw his motion for the purpose Of allowing
him to make some explanations on the subject.
Alderman Cosgrove stated his reasons for max
ine, the motion, and then withdrew it, SO as to
allow Alderman Rayenel to mako his explanations.
Since tho l:st meeting tho Committee OF Ways
and Means, and the City Attorney, consulted to-
eeGher as to the propriety OF amending the Bill on
it's second reading, and that, after careful con.
mena, which he was now prepared to submit, and
which can be discuss ed on the second reading.
After the explanations wor, made Alderman Cos.
grtve declined to renew his motion.
The bill was then taken up for consideration,
and the first section read.
Alderman Ravenel then offered the propos ID
amendment.
Alderman Cakes called attention to the 9th and
10Th lines OF the section which relates to the
amount Of stock to be issued for any sum less than
QOuAIS, OC., duu ouSSCSpCo lhoe ohIoA.S4
amount could with propriety bo substituted for
those reported in the section.
Alderman Ravenel then moved that "6fty" be
stricken out in the 9Th and 10th lines. and twenty
substituted.
Alderman Steinmoyer moved to amend tho Sec
ton 30 as to make the interest payable in city
bills.
Alderman Ravenel objected to the motion, and
said that II the views OF the Aldermen wero carried
ots it would prove fatal to the eity's interest.
After some discussion Alderman Stelnmeyer
wiEhd ew his motion.
The question REQUIRED on the proposed amend
m,nts to the first section.
The amendments were adopted by twelve voting
for, and seven against it.
The first section was adopted as amended.
The second section was read and adopted.
On the passage OF the Bill to its third reading,
Alderman Honour inquired whether stocks or
bonds in the first section would not include the
Fire Loan bonds.
The Mayor and some of the Aldermen Thoughts
net, as the Fire Loan bonds were seven per cent,
interest payable in New York.
The Alderman said it was not the intention, that
as the Bill now reads it makes no distinction what
ever.
A motion was made and carried to recur to the
first section Of the Bill The fifth line was then
amended by inserting the words ssix per cent"
The Bill passed its second roading. On motion
the Bill was passed to its third reading. The Bill
received it's third reading, the title was changed
to an Ordinance, and ordered to be engrossed for
ratification.
A BILL 10 PROVIDE FOB THE 1IoUDA1,os OF TIE
INTEREST ON THE DEBT OF THE CITY WHICH Ac-
cRUED ON 30TH DAY OF JUNE LAST.
Be IL ordained 6y the Mayor and Aldermen II,
City Council assembled, That for the purpose Of
hcdidating the interest on the public debt OF the
city, which accrued on the 30th day OF juno last,
six per cent. stock, obligatory on the Corporation
the direction Of the Mayor6 tho persons holding
stocks or six per cent. bonds OF tho city, and emit
tied to receive the interest accrued thereon at the
time above stated the said stock to bear interest
quarterly, redeemable in thirty years from date:
Proutded, That no part Of SAID stock shall be
issued foI any sum less than twenty dollars, or for
any fractional part Of dollar: Provided, also,
That all sums for less than twenty dollars, and for
fractional parts OF dollar shall be paid in city
bona fde holding stocks or six per cent. bonds on
said S0th day Of June, upon which interest has
accrued, shall have tho privilege until the first
day Of September next Of discounting such inter
esE or any part thereof against taxes due by him
to the city on said 30th Of june, and may roceivo
any balance in his favor in city bills new stock,
according to the amonnt thereof in manner aforo-
said. go
Of transfer Of said stock shall bo subject to the
same regulations as now exist in relation to other
six per cent stocks Of the city.
A Bill in relation to I've Blue Ridge Railroad
came up for its second reading, which it received
Alderman Marshall moved that tho further con-
siderat;on Of tho bill be postponed to the next
regular meeting. Concurred in.
4 bill to create o permanent Detective Poico
force came up for its second reading.
Alderman Willis moved to amend tho bill by
striking out tho first section and substituting
new ono. Lot.
Question re:urred on the first section Of tho
bull. Alderman olncy moved to lay tho bill on the
table. Carried. :.
A bill to modify the granting Of licenses to retail
Alderman Marshall moved &C strike out the first
section.
Alderman steinmeyer eale;. for the yeas and
Heas-Aldermen wragg, Gerdts, Small, ONeale,
Honour, Marshall, Enston, Whilden, Cosgrove,
Butler, the Mayor-11.
Nays-Aldermen Ravenel, Willis, steinmeyer,
Ohey, oakes, Earle, Courtenay, Pringlo-s. Car
ried.
Aide, man steinmeyer moved to lay the bill on
the table. Carried.
Alderman ONea!e, who had voted in the mn
jority, moved reconsideration. Carried. This
caused somo discussion when
Alderman 0'Neale moved that the further con-
BidersEon OF the Bill be postponed to the next
meeting. This also caused discussion when it
was Withdrawn.
Alderman Marshall then moved to lay tho Bill
ON the table. Carried.
Alderman Gcrdts then offered the following rcso-
luton which was adopted.
Resoiued, That council will issue no No. 3, Ii
cense, for the present but the No. iconse will be
granted, on the usual terms, but not to sell in
quaint ties less than one gallon.
Alderman Ohey offered the following resolution
which was adopted.
and Relief be requested to examine into the condi
ton Of the several departments Of the city govern
ment, with view OF reducing il possible the ex-
penses, which the present condition Of the Treas
ury seems demand.
Alderman Ravenel offered the following preamble
and resolutions which were unanimously adopted.
Whereas the twcnty-ninth day Of june, the day
fixed by the ordinance of 7th May last for tho pay
ment OF all taxes for the year 1867, has elapsed,
and there are still large arrearages OF taxes due
the city for this year and for several years past
And whereas the sudden cessation Of largo
portion Of the revenue arising from licenses, and
the various pressing e1igencies Of the city mpera-
lively demand the collection OF dues as the only
means Of carrying on the municipal government:
Therefore
Rsso!ued, That the City Sheriff be, and he is
hereby instructed to proceed, on the first day OF
August next, to collect, by process OF law, such
taxes as shall then remain due and unpaid.
Alderman Courtensy offered the following reso-
luton which was laid over under the 18th Rule.
Resolved, That the City Treasurer be authorized
to prepare o list OF taxes paid by tax payers on
real estate and monthly sales, and tho same be
printed for distribution.
Alderman Willis introduced tho following Bill,
which was referred 10 the Committee Of Ways and
Means.
BILL TO GRANT THE POWER OF EXCHANGING CITY
STOCK FOR BONDS.
Whereas It lie deemed expedient, with view to
relieve all holders OF the city debt as the same is,
in it's present FORM nconvertible and difficult OF
sale, which would not be the case if tho stocks
were exchanged for bonds Of convenient amounts,
ss such bonds it is believed, will find demand in
financial circles now denied to the stock. AS
measure o. accommodation to the creditors Of the
city, and as tending to enhance the market value
Of the city securities,
Be ut ordained, That oil holders Of city stock, in
amounts Of more than s1OO, shall have the prlvi-
lege, upon application to Council, Of exchanging
the same for coupon bonds Of same amount, with
interest payable semi-annually upon the surrender
Of the scrip, and on payment by the applicant of
cost Of printing and stamps and fee to the Clerk
for afixing the seal Of the city.
At this stage OF proceedings, the following petit
ton of the Pilots referred to the Commission
aro NJ pilOtapc.