The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1867-04-13

money, which they accomplished at high
rate Of Interest," but it could o. d not be ssoided
disappoint tho creditors Of the CITY, and to violate
its good faith Largo accumulations of arreara-
and bonds, pressed heavily on Council, and public
opinion called loudly that this just claim should
have its earnest r; consideration Council therefore
be funded, and we are glad to say That most Of
these creditors acceeded.
On tho first OF April 1866, just ivo months after
had the satisfaction Of paying the quarters inter
est due on that day, on the city debt. This as we
our citizens, and impaired an ayuabity anti 7aii;i5
to city securities which other, corporation in
tho State enjoyed.
Our city was proud, and justly so, Of having set
so good ON example. It was strong and impor-
tant manifestation that We were determined
at once to begin the work of reconstruction,
and that in good earnest. It has been alleged
that Council was premature in paying its intor-
est if this was tault it is certainly pardonabe,
and to provide
It caused the circulation Of money, and it's whole
some influence was felt throughout the city. IT is
but justice to out'tax payers chat We should hero
state that to their of propriety and justice is
Council indebted for the means with which thoy
achieved this desirable end. They responded to
slender means, showing thus strong evidence
that they supported Council in it's efforts to fulfil
its obligations. We are happy to state that the ip-
ter, amo' 1ting in all to about three hundred
Thousand dollars. But, unfortunately, we have
had pressure on US, which, for the moment is dis
couraglng but We must nerve ourselves and
renew our energies in this our hour CT difficulty,
relying on our honesty of purpose and the support
Of much reelection, and only after the exhausting
OF every exspedient that your Committee
ssksa Council to eathorize his Honor, tho
certificates Of Indebtedness to meet the last quar-
ter's interest. But it either to do this or to
deprive the holders of city securities Of any way
n REALIZING sfc ,
With o floating debt Of fifty-tive thousand dol
lars, at an N interest Of one and q half per cent.
month, we felt as if it was not right or prudent to
borrow more money on terms now current, even il
it had been possible to obtain it.
We deem it best to state frankly the financial
sense Of our community would sustain us. - ~
In passing the Tax Bill it must be confessed that
Council was actuated by lenity, aud o desire to
and extended the time of final payments to Goth
June next, and should any be delinquent then, that
an interest It m at the rate Of per cent per annum,
necessities, which required that, the last day Of
payment should have been LIST April on all
s1u6l9cs a &c .of tazaton, except those provided by
est, II the! tax was not paid then, should
be made commensurate with that current.
it on this 'foodng Council must not forget that
the tnaucial changes in our State have been very
The repeal OF tho r1sury Laws has mode money
virtually o commodity, and its value enhanced or
depressed according to the demands for it. There
fore, our citizens must expect to meet the change
and conform to the result effected BY it.
It may be said that rate Of interest higher than
seven per cent is hard and ruinous to those ci,i-
must examine the subject fearlcs:ly, with a de-
termination to do Justice alike to all The tax
payer, who responds promptly, demands at our
hands, as his right that altwho enjoy the advanta
ges and protection Of the city should be made alike
burthen. VS. = S1s5 80 -
hooh hnov, o11ac {11ok(
indulggent to deiinqnents. It is true Council
always leans on the side of mercy, and has extend
ed ut times, under circumstances Of peculiar dis
tress, extension Of time which the csses seemed
ipperahvely to demand. It is due to the public to
say that the arrearages of taxes during Che war,
and the taxes Of the last year, have beon paid
we consider the poverty OF our people,. A
1t is almost unnecessary that we should urge on
ministration Of its affairs. Our actual wants are
more than we can manage with comfort.
In conclusion We have only to say that all Of our
city will be unavailing, unless sustained BY the
countenance and support Of our citizens.
t5- WILLIAM RAVENEL. aa
z. w. MARSHALL.
z. b. OAKES.
JACOB SMALL.
P. g: GAHLARD, Mayor.
Alderman Ravenel introduced the following Bill,
which received its first reading this evening:
BILL An1r7SD ORDINANCE =ro-nA1sE SUPPLIES
BE o1dasned 5 ; lie "a ayos esl s ad Aldermen aI IL
City Council assembled, That all taxes payable
under the Ordinance to Raise Supplies for the year
1867 and for other purposes be paid on OF before tho
18th day OF June next; and that PERSONS wholahaIl
default of payment Of their taxes on that dny
shall pay IN addition to the amount Of their taxes
one and o half per cent. per, month upon said
amounts respectively, from said 29th day OF June
until payment is made. -F54 js.&195f} ~ II ~
That I'll persons who neglect or fail to psy their
month shall respectively pay the amounts there
Of one and Q half per cent. per month from such
fifteenth day until payment is made
Alderman Coartenay gave notice of Bill to reg
uata the ceansing of privies and vaults in the cor
porata limits OF the city, and asked that the notice
be considered its first reading, which was granted.
Tti +. +5'. "a W RESOLUTIONS. 4G NJ. ~
By Alderman Ravenel: !iG
ReS0lued, That the City Assessors be required
taxes, and also the names Of those who have not
made their monthly returns up to the first in
Resolued That the City Sheriff be required to
furnish full statement OF all tax returns which
have: been lodged in his Office by the Il CITY
Treasurer up to the first Of january 1867, and upon
which no settlement has been made. 81
BY Alderman Gerdts Ht;S esEs
s .Resotued, That King street be widened on the
east side from Horlbeck's alley to Queen street,
ished between Horlbeck's alley and Market street,
according toplnt drawn by Mr.. Branch. :.s NJ Va L
{. The yeas and nays were called for. Yeas, is.
Nays, none. :,s. i stTiSf' r.i
The resolution was adopted: s 4, II;
Adjourned :.. y. ..l5 Il. 5 z.;
:a.,5st ;s;,e: ~ Il ". e. sMITH,
=. 1880 - - ,'.$ @ '.: III - sl%a Clerk Of Council