The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-08-28
FROM THE STATE CAPITAL.

- 1T -. +...- 81
[spEuA1 TELEGRAM TO TIE DAILY NEws.]
ING THE wHEEIsLA BIG JoB--THE PER DIEM
THE ATToaNEY-aENERALA AND THE BANK OF THE
srATE-THE orrY oHAaTER.
COLUMBIA Is. C.), August T.-1n the House
the Committee on interpretations have report
ed favorably on the bill to incorporate the
Wando Mining and Manufacturing Company.
A resolution was adopted giving the stenog-
rapher OF the House twelve hundred dollars for
the session.
Boseman, Of Charleston, gave notice Of a bill
to incorporate the Ashley Fire Company.
The Chatham Railroad bill was taken up.
The twenty thousand dollars instalment al
ready pail on account Of the seyenty-fve
thousand dollars bribe, worked well. and the
bill was rushed through to third reading to
the neglect of other business, and notwith-
standing the determined opposition OF small
minority.
1 The bill was amended, 80 as to require the
work to be begun within one year instead Of
three years, and to be completed within five
years instead Of fifteen. g
A Joint resolution authorizing the issue OF
pay certificates to the Legislature, up to Au-
gust S1st, and appropriating seventy-6ve
thousand dollars for the pay Of members, was
read first time.
The following bills wore read third time:
The Homestead bill, the bill to fix the amount
Of the bonds of public officers. and the bill or
ganizing the Educational D -partment; also,
the Charleston Pilots bill.
Printed copies of the opinion Of the Attor-
ney-General upon the legality Of the bill to
close the operations Of the Bank of the State
were laid .,cn the tables Of the members to-
day.
+ The opinion is, as already -telegraphed
to YOU, favorable to the bill. It is
very elaborate, and is said to be founded
in great part on an opinion given by Messrs.
Porter & Conner, Of Charleston, who, as coun-
sci for certain billholders, filed bill in equity
to set aside the act of1S65, and allow the bill
holders to come in as prior claimants to the fire
loan bondholders, giving an opinion, at the
same time, that the State was liable for all the
obligations of tina Bank Of the State.
The Attorney General divides his opinion
into two head-6rst, as to the liability of the
State; and second, as to the legality OF the bill.
On the first head he makes ample quotations
from the act creating the bank, and from sub
sequent acts relating to the subject, and then
sums up as follows:
sThe State, by express langusge-by clear
intention, and in realty-has made herself, in
her own words, directly liable for, and charge
able WITH all the debts of the corporation
known as the President and Directors Of the
Bank of the State Of South Carolina" On the
second point he calls in question the fairness
and legality Of the act of 1855, and cites nume-
rous precedents, concluding as follows:
The correct conclusion would seem to be
this, that the pledge Of the faith and funds OF
the State as made by the act OF June, 1883, had
no special reference to the funds OF TIE BANK,
of the resources and means Of the State TO the
payment Of the obligations then incurred and
since known as the Fire Loan Bonds. Ibis
pledge. it 10 needless to remark, the State ac-
knowledges and will redeem.
am unable, therefore, for the reasons now
{
equity. which sustain the claim set up by the
holders Of the Fire Loan Bonds up the as
sets and properly Of the Bank. The State has,
in INV opinion, in the exercise OF her ordinary
Legislative discretion, clear legal night to
make such disposition OF the assets and pro-
perty Of the Bank OF the State as Is now pro
posed by the pending bill, entitled "A Dill TO
Close the operations of the Bank OF the State
of South Carolina :" and the fact that various
tarties are now contending in the courts fcr
the assets and property OF the Bank, while 1t
might approve the policy Of the bill In ques-
tiun. certainly cannot be regarded as opposing
any legal obstacla to such action on the part OF
the General Assembly ss may seem to best
subserve the welfare and maintain the honor
(Sienedl D.H. CHAMBERLAIN.
Attorney General OF South Carolina.
The Senate was engaged nearly all day on
the Tax bill.
The bill amending the charter OF the City of
Charleston is in the hands of the Governor. 1t
is thought that he will signit.
ooaBn's CIVIL RIGHTS BnH SCENE N THE
AssEMBLY-sANoHo pANzA FoTE-THE oUEs-
r1oN OF PER DIEM AND MLEAaE-FACTs AND
71ausEs-THE EIGHTH INFANTRY.
|FRoM DUB OWN CORRESPONDENT
COLUMBIA, 8. c., August 26, 106S.-Very little
was done in the Legislature to-day beyond
electing the eight Circuit Judges, whose names
you have already learned by telegraph. nthe
House nothing was done but reading the Gov
ernors Blue Ridge message. In the Senate
Corbln introduced q bill entitled ga bill to Sc
crre the civil and political rights Of citizens
and provide the means Of their vindicatlon." 1t
is founded on the Congressional Civil Rights
blu, and follows its words and style as far as
possible.
During the election to-day, the Senate hav-
ing proceeded to the Hall ofthe House of Rep
resentatives and Lemuel Boozer presiding over
the joint Assembly, an amusing and character.
,stic scene occurred. While the vote for
Judge of the Sec md District was progressing