The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-05-22
feet to the frat limb; also cherry equally tall,
without q limb. These trees would be worth
somethinp in your market.

up TO the ocean tIaue. Ah9J c'hno1 SSe why
carried past the best of harbors at Port Royal
TO Baltimore. New York and Boston, 10 be
thence brought back to us. change will be
effected in this regarl Many Of us will live to
see the day when the richest trade of the
country will be from South America, Spain and
the West Indies, through Southeastern ports.
naval station, which will vastly aid us in at
tractlng that trade which. BY. the laws of ma
ture, should come to US instead of passing by
us TO Baltimore and New York. II you. Of
Cincinnati, will come to our aid, o great revo-
luton will be speedily wrought in this regard
The State of South Carolina has loaned it's
credit to the Blue Ridge Road to the amount
Knoxville in fourteen months. could million
OF material aid from Cincinnati and another
million from Louisville be procured. He
thought that he could 30 present the argument
that private capitalists OF Gin cinnati would at
once subscribe million.
1t may be that if you don't make Knoxville
your Southern terminus, we shall be discour
aged. Cincinnati is worth more than the whole
State OF South Carolina, and yet our State has
expended 81, 500, 900 on railways, and has given
her credit for 81 600, 900 more. =.
With such aspirations as the peQp,e OF Gin
cinnati have in reference to hRr fpthfe great
ness, how can she neglect to extend some rna-
which she expects 70 draw her resources?
sssion.
At half-past two the convention again assem-
bled and Colonel McGhee made a speech III
favor of the Chattanooga connection.
SOUTH cAnoLNA-sPEEcH OF GOVERNOR SCOTT.
Governor Scott, of South Carolina, was then
introduced. In his opening remarks the Gov
ernor said it was not 8 intention or desire to
address the committee and gentlemen present
on this subject, af er it had been 80 FULLY dis
cussed and clearly presented by others. There
is no one, he said, who CON not comprehend the
importance OF connecti,n from the interior
of the country which you occupy, with the sea-
Carolina, uniting, as it will, two regions hither-
to separated by the range OF the Alleghanies
The people Of the Northwest and the South
ern seaboard have long felt that break
through this barrier was OF the utmost lmpor-
lance 10 them in political, military and social
point of view. Even during the administra-
ton OF President Monroe, his Secretary OF War
with the design Of connecting. the head
waters of the Tennessee with the waters
Of the Savannah River by canal. The
people of South Carolina and East Ten
nessee have constantly kept in view the impor-
tance OF this identical route, through which
road can be constructed with less expense than
any other pass through the mountains. The
commercial and other relations 1t will open be-
tween the great Northwest, rich III every pro-
duct OF the soil, in manufactures and in every,
thing that makes people prosperous aud
great, and the Southern country, where the
products are all OF different character, where
the people have never turned their attentlon
to manufactures, will be OF inestimable adVan-
tage to two communities who are consumers
,f ~ fhor3, 4
such vital importance that we have felt it to be
our duty to use every means in our power TO
secure this line Of communication. Believing
that Cincinnati was to be equally benehtte !, II
not more benefited, by this connection than
ourselves, We have constantly Kept ourselves
in communication with you in the hope that
YOU might extend some OF your abundant
means IN this direction. 1t has not been our
expectation that you would build our road:
We have it now nearly half CO npleted, without
any deot hanging over il. Six millions more
will complete it. -Four millions Of this amount
bonds guaranteed by the endorsement OF the
state Of South Carolina. We think that on the
completion of this line of road it will pay the.
interest ou its bonded debt, and that it would
even be q paying road to the stockholders.
As General Harrison, the President OF the
road. has in his remarks referred to the fnan-
cIal prosperity of the State, it viii perhaps not
be out of place for me to speak OF it more in
detail, especially as bearing upon the State in
dorsement upon the bonds. Mr.. Laftte, the
distinguished commercial gentleman, OF
Charleston, who addressed YOU this morning,
NAV have left the i'm preston on your minds
that the State was not as prosperous in Its az
rculural productions as formerly, which is, to
some extent, true; that is, so far as the failure
of the sea island cotton crop has resulted from
the ravages of the caterpillar. Formerly,
Charleston wassa large exporting point, 3O0,-
600 bales of cotton passing through the hands
of its merchants annually. 1t is to be noticed,
however, that but about 200 600 bales OF this
we're produced in South Carolina, the remain
der coming from States lying to the west.
During tho first two years after the war the
crops of all kinds were necessarily very short,
the rice crop particularly so, on account OF the
great expenditure necessary to repair the H.
iuries to dikes, water gates and machinery
necessary to the culture OF that cereal, and
caused by the accident CT war and the dilapida-
ton resulting from abandonment. Partially
to compensate for this, however, our people
have turned their attention to new branches or
industry. One which l Will mention ls the
manufacture of turpentine, which has ueen
very greaIy increased above the products be-
fore the war, abs )rbing much OF the labor
which would otherwise have been cmployed III
the cotton and rice ficlds. In 1868 the cotton
crop was about an average Que; from which
about twenty millions OF dollars have been re-
ceiycd BY the people OF the state; and this no.
wlthstanding the cntire destruction Of these
island cotton crop. II is well known that prior to
the war. the credit of South Carolina stood at
q point not exceeded by any other Slate; at no
time did she ever fail to meet her obligations:
but the war swept away her capital aad she IS
now simply beginning to rise from the ashes
of her ruins. At the time of the organization
of the present State government. the credit OF
the State was ut q very low point, her bonds
ccmmanding but 3G cents on the dollar.
and they had fallen even as low as to q
cents. But am happy to. state that to-day
they stand in the markets at from 73 TO 11ccnis,
and on the payment of the past duo interest,
which will be made by the lst OF next July,
they must take their place among the beet
State securities in the country. Even now the
holders of these bonds evlDcc their confidence
in their apprcciation by the pertlnaclty with
which they are held. They are almost exclu.
siycly in the hands OF the citizens OF South
Carolina. who have ever taken commcndablc
bride in being the holders of the securities OF
their own State. It will thus be seen that the
means upon which we rely for lhe accomplish
mcnt of our portion OF the enterprise, IN the
interest of which We are here, are not visionary
but substantial realities, and that wearc a6ie TO
perform what We promise. Oar public debt IS
Sc, ,44O 600, and there are in the treasury assets
in the shape of stocks and bonds to the amount
of about So 500, 900, leaving the State lndebtei-
ness but So OOO000 in round numbers.
This direct com nuulcatlon between the
Northwest and the South Atlantic slope pre-
sents another element OF great practical yalHe.