The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-01-28

SEQ. T. Be It further ordafnei That the mileage OF
members and officers of this convention sha ne w
twenty cents per ntle to End nom the conVsnnon'
by tho usual rnaf routes. y -.
SEQ. g. Be Il further ordafned That all payments
made, In conformity to the several provtsons OF Ea
ordinance shall be upon the authority OF the prea,
dent Of this convention, upnn tfhe rpcommenoeuon
Yorr Committed would furthermore state that the
recommended per dteaE sstsht have been lese,
of the bills receivable which Is the only money eSl'
able to meet the present demand; but your oommt' ~
of this convention guarantee the entire amount OF
the bills receivable Is adopted that the value Of Euoh
bills will be 80 increased that they Will 60 up from
so or 86 to so 95 cents or even more As the time
draws near when considerable portion Of the taz
layied becomes due and while discount Is allowed
for prompt payment. fSee Sec. L. General Order
No. 1Se, from which the tax recommended to be
levied In this report Is porion.l s,.
It is beIeyed TO be peculiarly favorable time TO
put into circulation considerable amount OF these
hills receivable innsmuch as one-hak OF the taxes
levied by General Order No. 1Se referred TO, In due
on or before the 81st day Of March next and the
balance ON or before the S0th day Of June next :
Your committee could not recommend that ppr.
tion only Of thess bills should be secured; 1t would
In their opinion, have rendered the balance almost
worthless It would, in their opinion, have destroy
ed confidence, weakened credit ara oeen notn un1us,
the guarantee Of all the bills receivable Of the Stat
issued by the Provisional Government Of this State,
trusting 10 meet not only the exigencies OF to-day,
but the no distant future, by bringing these bills
into general use and holding them to their full value.
Your committee could not recommend the sale Of
them or any portion Of them, at public auction. TO
pursue such course, would, In the opinion OF the
committee, be very unWise. They would De oouent
up solely by speculRtors at reduced price, the State
would suffer, and we should be mainly responsible
- We should show that we are willing to take the
bills ourselves, Of the State, We make. We may be
compelled TO sacrifice Small amount upon por-
don of it for immediate use but the great bulk Of 1t
can be carried to your homes, and not dollar will
be sacrtfoed. Itmsy be urged that this convention
shold not touch these bills receivable and that they
should Issue bonds to the amount OF s2oo place
them upon the market, convert them into green
backs and pay the expenses of this convention.
There arc grave objections to that course besides
this objection, that TO pursue such course would
not In an PROBABILITY realize any money for ct least
thirty days and In s human probability within six.
ty or ninety ct least without far greater discount
than this convention would be willing to tnfct upon
the value Of such bonds and the consequent injury
It would inffict upon the State OF South Carolina
It may be urged that the bonds could be Issued
and competent business men be entrusted to take
them NorEh-say to Boston or New York, and nego-
tate them at the best rate for greenbacks and that
our friends--those who arc In sympathy with the
present plan of reconslructon-would loan us the
money at or per cent. But your committee be-
Lave that II 10 not yet time to take such step.
Northern capital hao not yet commenced foating
southwark for investment Another year OF expert
ment has yet to be tried before teore is any reason
able hope that 1t WILL
Such plan would be unuise and imprscdcable at
the present juncture Of afdrs
And the committee sre furthermore OF the opinion
that such bonds would not sell at al IN this marKet
and grave doubts are entertained ABOUT their eeulne
In any market m
In addition to the report your committee would
state that they have communication from Head.
quarters, Second Military District, containing the
views of the Major-Gener commanding, and, iol
the information Of this body Will read that poruon
which expresses opinion.
(Fron, Headquarters, Second Military Dhtr1ct-21.]
The law of the United States, of March %, 1857,
limits the convention In provlding ior tne paymeIl
taxes upon the property OF such States az may oe nee
esslry."
should be followed, and for convenience and econo
INV IN making the levy and collection, this course !.
Recommended the subjects Of taxstion will be 90 fol
lows: ..,xo, ~,
/, Real estate valued st... .SfOoUI' w!
2. Personal property tarticles OF luxury. 2oo2 sS
s72, $50, ,Ost
tax of one-hslf on the first item will .ox oxo :,
And S5eIsii oi two and hall viii on the same. s1s3
Total ,,o, ..,..
Taxes upon mAnufacCureo nuu uPou baics, aaL1ouSi
as assessed as income taxes in reality taxes upoI
property and may properly be included in the lev!
which the convention Is ausHora.ee a0o ~ az 70 MAKE
mated value. e...........: ......'...:'.e i,ioa'oh
Sales of goods, wares &C., In 1858, at the
Estimated value. 1855, 60
Making total OF. 1874, 81
will Weld with tax of mill. ........... 16,7Ao.9
| In addition to the foregoing. there are articles
personal property subject to specific taxes under eI
isttnr laws which are estimated to yield at the rate
established by. these laws ss follows:
b. 6ogs.. .e<V'oV
g. Omnibuses, &C., drawn by two or more
| horses. .s.'s'.'''............. lboO
T. Carts. NEUTRALITY-SUSPICIOUS.. 500