The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-05-22

| to Baltimore, New York and Boston, 10 be
dDno4G fGis back % MS ,nv % ehane I 20
see the day when the richest trade of the
country will be from South Am erica, Spain and
the We5t indies, through. Southeastern ports.
naval station, which will vastly aid US in at
tracing that trade which, Ny the laws of ma.
ture, should come to MS instead OF passing by
us to Baltimore and Ntw York. it you, of
Cincinnati. will como to our aid, a great revo-
The state Of South Carolina has loaned its
credit to the Blue Ridge Road to the amount
Of 81, 600, 900. This will enable to push 1t to
Knoxville in fourteen months, could q million
OF material aid from Cincinnati and another
thought that he could SO present the argument
that private capitalists Of Gin cinnati would at
| once subscribe million.
1t may be that II you don't make Knoxville
| your Southern terminus, we shall be discour.
| aged. Cincinnati is worth more than the whole
State Of South on h. hCa9rolina, and yet our State has
expended 81 800 600 on railways, and hps given
| her credit for 81, 900, 900 more.
| With such aspirations the people Of Gin
| cinnati have in reference to her future great
| ness. how can she neglect to extend some ma
terial aid to the great universe about Eer from
| which she expects to draw her resources?
Evening Session.
At half-past two the convention again assem-
| bled. and Colonel McGhee made speech in
favor Of the Chattanooga connection.
| SOUTH cARoLINA-sPEEcH OF GOVERNOR SCOTT.
| Governor Scott, of South Carolina, vas then
introduced. In his opening remarks the Gov
ernor said it was not s. 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 can not comprehend the
Importance OF q connection from the interior
Of the country which you occupy, with ,he sea-
board, both to you and to the people Of South
Carolina, uniting, as it will, two 1egions hther-
to separated by the range OF the Aeghanies.
The peope, Of the Northwest st. and tn. South
through this barrier was of the utmost impor-
tance to them in political. military and social
point Of view. Even during the adminlstra-
ordered a survey Of this region of country,
with the design of connecting tho head
waters of the Tennessee with the waters
peope eo Of soagh carde aDer ana oY Ess %
nessee have constantly kept in view the impor-
| tance of this identical route, through which o
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 in every pro-
duct OF the SOIL in manufactures and III every
great, and the Southern country, where the
products are all Of different character. where
| the people have never turned their attention
to manufactures, will be or inestmabesal alvan-
| tnge to two communities who are conSNSners
| OF each others products. This is mdE&r of
such vital importance that we have felt isSgo be
opr duty to use every means in our poSar to
| secure this line Of communication. BnIsSSs7ing
| that Cincinnati was to be equally beneftFsa !, II
not more benefited, by thie connection than
ourselves, we have constantly kept ourselves
you might extend some Of your abundant
means IN this direction. It has not been our
eWHpeectas6.n Wp ea that you @ would build our road
any debt hanging over it,. Six millions: nj io1e o
will complete it. -Four millions og this aourf
| hU no l,t OF fho
| State of South Carolina. We think that on the
completion Of this line Of road it will pay the
interest on it's bonded debt, and that it would
even be paying road to the stockholders.
AS General Harrison. the President Of the
road, has in his remarks referred to the finan-
clal prosperity Of the State, it win perhaps not
DETAIL especially as bearing upon the State in-
| dOrsement upon the bonds. Mr.. Lafitte the
distinguished commercial gentlemen, Of
Charleston, who addressed you this morning,
that the State was not as prosperous in it's ag
ricultural 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 ofsSthe caterpillar. Formerly,
Charleston was large exporting point, 500,-
| 600 bales OF cotton passing through the hands
however. that but about 200, 900 bales Of this
were produced in South Carolina, the remain
der coming from States lying to the west.
During the first two years after the war the
the rice crop particularly so, on account Of the
great expenditure necessary to repair the in-
juries to dikes, water gates and machinery
caused by the accident OF war and the dilapida-
tion resulting from abandonment. Partially
to compensate for this, however, our people
industry. One which l will mention is the
manufacture of turpentine, which has been
very grealy increased above the products be-
fore the war, abs )rbing much OF the labor
which WOntd OthArWiSl mi nj in,
the cotton and rice fields. In 1868 the cotton
crop was about an average one; from which
about twenty millions of dollars have been re-
ceiyed by the people Of the State; and this not
withstanding the entire destruction Of the sea
island cotton crop 1t is we'll known that prior to
the war, the credit Of South Carolina stood at
time did she ever fail to meet her obligations;
but the war swept away her capital, and 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 at a very low point, her bonds
and they had fallen even as low as, to 27
they stand in the market at from IS to Is cents,
and on the payment Of the past due interest,
which will be made by the 1st of next July,
State securities in the country. Even now tie
holders Of these, bonds evince their confidence
in their appreciation by the pertinacity with
s1e1 iaey Ss ar1 Sanda i hay ,S ar s9t M
Carolina, who have ever taken commendable
pride in being the holders Of the securities OF
their own State. It will thus be seen that the
means upon which we rely for the accomplish
ment Of our portion Of the enterprise, in the
interest Of which we are here, are not visionary
but substantial realities, and that we are able to
$6, 900, and there are in the treasury assets
in the shape of stocks and bonds to the amount
of about So, 50O, ,0o0, leaving the State indebted
ness but So, 100000 in round numbers.
0nno 1Inin ON Iotxv 1a
Northwest and the South Atlantic slope pre-
sents another element Of great practical valne.
Out Of nineteen millions OF acres of lands in
South Carolina, only about one-ffth has ever
been brought under cultivation. These lands
have heretofore been held in large bodies by
gentlemen Of wealth, who are now anxious TO