The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1870-11-16

Auu ue lS bone to lolu inc uOStS OF the
DEAD. True to the last, his last act was
to do honor to q lost cause aud to
noble army Of dead patriots. and thus to
fulfil the conditions of the bard's pro-
position
''ne that can endure
To follow with allegiance fallen lord,
Doth conquer him that did his master conquer
And wins a place i the story"
Joint Stock Company-Auxiltaryt 10 the
Stntc Agricultural nnd Mechanical
Society.
In another column will be found the
committees in each County Of the State,
appointed to assist in procuring sub
scribers to the joint stock company
which is to be organized as an auxiliary
to the present State Agricultural and
Mechanical Society. We ask leave to
commend the matter to the citizens of
the several Counties of the State. and to
ask that the committees proceed promptly
to the discharge of their duties. The
object of this plan of forming joint
stock company of this kind is to place
the State Fair upon secure financial
basis. At present, the expenses of the
annual fair, proceeding from the pre-
MUM list and other sources, are met by
the receipts at the gate during the Fair,
and the payment of life and annual
members. Thes, sources are contingent
and uncertain. A rainy Fair week
might render the society bankrupt. A GER
tain, reserved fund is essential to supple
ment the receipts of the society. Hence
the joint stock feature was adopted, and
inasmuch as the present State Agricul-
tural and Mechanical Society, holding
property as such, did not feel authorized
to change its legal character, it was, us
we hold, wisely resolved to organize
joint stock company, mud make it auxili
airy to and co-equal with the present
State Agricultural and Mechanical So
ciety. The shares wero put at $40 each.
and as soon as $4,000 has been sub
scribed, the company is authorized to
organize under the laws of the State.
Already, about $4,000 worth of stock
shall be taken. We believe that $780, 900
could be promptly raised. S50,000
would be equal to tho wants of the case.
The industrial argument for and in be-
half of South Carolina is cnough--to say
nothing of other considerations-toi in
duco patriotic citizens to step forward
and Mt once conSummate this project, so
useful to the State. And let this be
borne in mind, viz: When man puts his
money in this joint stock company, he
makes not a contribution IN charity or pub
Tic spirit, But He MAKES A GOOD, PAYING
INVESTMENT. In other States in the
North and West, experience shows that
such stock not unfreqYently pays from
ten to twenty per cent. in the way of
dividends. The stock will be taken up,
and could at once be taken up, but to
| extend the influences of the enterprise
| from one end Of the State to the other,
it is deemed advisable for each County
to be represented by shares of its citi-
Zens.
! Oar contemporaries of the State press
will MD the public cause by reproducing
| this article, or such portion thereof as
will be sufficient 80 bring before each
County in the State the joint stock fea-
tnre, that it is proposed to attach to the
State Agricultural and Mechanical So
cicty in tie association to be made aux
iliary thereto. We respectfully request
our contemporaries to present the subject
to their readers.
special from st. Louis says that the
accident at St. Charles, Mo-, involved
the loss OF sixteen persons, all of whom
were precipitated into the river by the
breaking Of wire rope while hosting
heavy column for the Mississippi bridge.
Fourteen bodies have been found.
Norfolk Bivalves, iu every style, at
PoLLocKs.