Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1867-07-03
Fall in the CITY Stocks.


Fall in the City Stocks.
The reason, why the stocks due by the City
Of Cherlsrtop, fell ten Per cent. under Gen.
eral Sickles' orders, it is not difficult to un-
derstand.
The corporation over the City of Charles
ton, was established by tho State of South
Carolina. with certain pbwers, to preserve
the peace, and promote the interests Of its
citizens. Having granted these powers, they
are inriolabe by the State itself, as has been
determined bY the Supreme Court Of tie ?
United States. Amongst these powers, IS
the poTer to borrow money, and to lay taxes
to repay it 10 these from whom it is borrowed
Tie corporation has exercised these powers,
and now owes largely and has laid taxes on
licenses for the retailing Of spiritous liquors
to meet these debts: and its ether obligations.
General Sickies las intcrfcrrcd, ard has
done what neithe: the. State CT South Caro-.
lira noy the Congress OF the United States,
has any right 10 do. Hc has ordered that the
licenses already granted by the corporation
at Charleston, and paid for, shall b. ei!her
refunded TO the l!csnEeo; TO wkora the? were
granted, o. shall be APPLIED 10 the use Of free
schools Or the poor-a loss to the city OF
many thousands in cash besides the di@as-
trous effect on the citY crsd;t,-;hc ruin 10
indiYiduaIs aad families, and the heavy losses
Of shousehollors. Ec-e, in tie first place. is
IN ea post .fcto law, annuili1g contracts, per.
fec:ly legal in iheir creation. and paid for and
completed .hy The licensees andin the second
place: 4 ila.rant appropriation ard disposi-
;ion Of the money IL the treasury CT tie city
corporation: according 10 lis arbitrary vol-
ton. NoF' every one can see, that such an
exercise Of despotic power, lnus 1e fetal 10
tie credit Of .hc city. General Sck!es nay
suppose ihct he is appycpFiaiing The Goncy
IL the ci'y treasury TO. very-ussfpto and i1u: ).
t,maue purposes. Bntthe. creditor who holds
tie city bonds canGot but psec that under
such an exercise Of power, he has lost all ae-
curity Coz The payiAen; OF lis debt. If Gen
eral Sick'cs can taie the money from the
city treasury arising iron! the taxes on IL
ceases, for inc sale Of l:quors,-he NAV also
take the money arising from taxes On thea
tscs, billiard saloons, bowling alleys, brokers
shops, aaction sales, tic poll ,ax-auy!!ling.
He virtually proclaimss nnGer his order No.
322. :ha. the treasury Of The city IS under bis
absolute control; and that the city corrora-
tio,t Itself. eitres in tie laying or app7oDra
ton Of the taxes, authorized By lis charter,
is = uullity. excepting just so far as he shall
deterniipe t!iat it may exercise these powers.
How iar General Sickles will or will not
stretch out ;l.e power he has assumed, no one
probably not even General Sickles himself
-can ncw determine. Circumstances often
push US intc a,lvgacel po.itions, re ucver at
Grst ;inii@;p:el. The holders ct CITY bonds
mag DC perfectly Safc in the future under
Gen. Sickes' administration. But ilicv 10
no. know Gen. Sc!.cs; much f5ss what may
be his advanced polcy--hc-clofor alvaIs
advancing. They only see thai their crcdi
tor Is uldor military order No. 32, ard ;l.at
fluids raised 10 fulfil its Obligations, :.rc con.
troiIcd and appropriated by aaoili, authority.
Is it at I'll surprising. hat iley should ieel
that their property vested in city stocks is
insecure; and that others should refuse To
take them, eNcentiGg Il; heavy dcclrc in
value. The i.ll OF zen !cr cert, has already
deprecated iaeit prope!!y in these Stocks to
tie a:aonn; ci huGd:cds ol iIioG&aqds.
In presenting tie a5oye views, VIC be-
leave 70 say. that wc Intend in no way to in.
pugn The Inoii"e' OF Csaclai Siciilcs, in. lac
powers lie hes exercised. They MAJ, h. Of
the mcst cXaltsi paGit:. We 10 not Judge
thc;a. Gw; sc ri know. ,i.at ;hc most cruel
deeds recorded in history, h..vc been done,
fcou The most consc;cGtcus mrtiycs. Tho
il,hcr. ii Massachusetts,, who, the othe. day
beat Lis l:.'ie Child. onIy TWO years OH lo
Geath-il lilies lis act OF the Ground that
he was o"!y 'aiiilioe bis duty, IN teaching
and compelling obedience. Our business is
Simply with Order No. -, to show clearly
its consequences on the credit and finances Of
our city.
II is greatly to he hoped that General
Sickles will reconsider this matter, for the
good Of this community. Charleston 9Ier-
curry.
PosraAsrERs Not D,srsAvcH,sED.-Thc
opinion has prevailed generally in the South
that all persons who were Posemasters before
tie war, and afterward gave aid and comfort
to the Confederate cause, were Gisfrauchised.
This is no true.
pre7io to 1869, the oath required of
PostmGs'. and Mail carriers d. not con-
tain the clause to support The Constitution
OF the U. S." Below. we give tic cath as it
was taken by all tie officers gtler, the YEAR
1925 and f~erioas to 1867:
l,--. DO swear. or affirm las the
case may bel, that l will fiitllully perform
all tie duties required Of me, aud abstain
from everything forbidden by the laws in re-
is'ion TO Tie establishment of the post Offices
aud post roads within the United States Sec
publication, in 1857, of post office laws, un-
der The head OF organization ard miscellane-