The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1871-09-27
Charleston and Savannah
Railroad bonds, payable
in 1889, secured by first
2l5.75o 90
lf -

mortgage. ......... 245.75o 90
Spartanburg and Union
Railroad bonds, payable
in l878-79. secured by
first mortgage .......... 100000 90
Greenville and Columbia
Railroad bonds, and GER
tiAoates Of Indebtedness.
paynble in 1881-82-S -S3
and '88, secured by first
mortgage .......... l,42G, 545 80
Blue Ridge Railroad bonds,
under Act 1868. 1, 1000, 900 90
Total. .......... ..S6, ,7l2. COS 20
The original amount of endorsement
for the South Carolina Railroad was
So. .093. .312.40; 50. 600, 900 Of which has
since been redeemed by the railrond
company.
The endorsement of the Laurens Rail-
road amounted to $4,000. This road
has gone into bankruptcy, and the State
is fully secured.
| In the event Of any OF the above roads
| falling to meet the interest on the qua
ranteed bonds, the State is perfectly Sc
cure, from the faot that the iron alone
on the road would sell for more than
sufficient to indemnify tho State against
any loss, we're it put up at public auction
Tho Blue Ridge Railroad is yet uni-
niBhed, but it is in rapid course Of
completion, and mono Of the bonds have
yet been put on the market.
Governor Scott next shows that in
1860, the total taxation, levied upon
slaves, free negroes. sales of goods,
lands, bonds and stocks, &c, was
1862. 433. At present, all real and per-
sonal property, without exception, is
assessed for taxation at it's actual selling
value. There is also royalty Of 81 for
every ton Of phosphate rock or deposit
mined in the rivers and streams of the
sen-board
| STATEMENT OF AMOUNT OF TAXES LEVIED,
AMOUNT COLLECTED AND APPROPRIA-
TIoNs MADE DURING YEARS 1868, 1863
AND 1870.
Total taxation for 1858,
rate Of taxation, State,
~ mills; County, 5
mills ......... Sl 1888, 742 Is
Total amount collected -. 1,163, O53 %
Total appropriations for
the year 1868, exclusive
Of interest Oh public
debt, for which no ap-
preparation was made.::. 8I7,9 2S
Total taxation for 1869,
rate--State. mills;
County, mills ....... 1.O14, ,9Ol SO
Total amount collected -. 766, 736 OS
Total appropriations for
the yenr 1869, including
interest on public debt. 1,10I, sos O9
Total collection for 1870;
State, 8 mills; County 8
mills 1,670. .0G3 sc
Total amount collected -. 1,146, ,037 OG
Total appropriations for
the yeur 1870 ....... 1,G04. .O53 81
Taxation for l87l-rnte, Stnte, Z mills;
County, 3 mills. Taxes not yet levied OF
collected for this year.
Regarding County debts, there are no
means OF ascertaining the umnnnt.
THE STERLING FUNDED DEBT.
After giving u list of the Acts author.
izing the public debt, Governor Scott
says:
Much of the original debt of tho Stnte
consisted OF registered stock; both this
stock and the old issue Of bonds of the
State, together with the bonds issued
since the war, have been converted into
these bonds by the holders under this
Act, the original stock aud bonds having
been returned to the Treasury and can
ceHeh, rowing upon Cue market more
uniform class of bonds.
An Act to create debt Of tho State OF
South Carolina, to be known US the
sterling funded debt; the same or the
proceeds thereof to be exclusively used
i'll exchange for, or in payment OF, the
existing public debt of said State. Act
No. BIT, page GIG; approved March 7,
1871.
This lonn was authorized by the Le-
gislature for the purpose Of finding such
portion OF ths debt due or coming due.
Up to the present time, it has not been
found necessary to put any Of this lonn
Oh the market. It is not intended in
this Act to enlarge. but simply to replace
the existing debt.
! TIE GENERAL ELECTION Law
] In regard to the general election law
Of September 2G, 1863, GOV. Scott says
While tho spirit mud inle OF this law
was as honestly mud fuirly carried out ms
the election law in any other State, vet
it must be admitted that al improveme
Gun be nude in the time fixed for count
ing the ballots. Experience has Taught
thut ten Jays is too long period from
| the day the election is held till the time
| the I'm llOia ura cnnntp1 hu tho ~ -, ;c