The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1871-05-18

in the interest OF the State, and for
the satisfaction of the Financial Agent, by
whom it is courteously and cordially invited.
The same may be said of the several officers of
the State to whom application for information
was made by your committee.
Mr.. Neagle, the Comptroller General, was
particularly pressing in his solicitations that all
his books and accounts might be thoroughly
and critically examined.
AS the result of the deliberations of the com.
mittee on the matters referred and now reported
on, they would respectfully recommend to
the Convention the adoption of the following:
RESOLUTIONS.
Resozred, as the sense of this Convention,
That the funded debt of the State as described
in the report of the Committee Of Eleven OF
this body is a valid debt. and that the honor
and funds of the State are lawfully pledged for
the redemption thereof
Resolred, That the general plan for the ar
rangement of the funded debt, suggested by the
committee, be recommended to the favorable
consideration of his Excellency the Governor.
Resolred, That to complete the examination
of the accounts of the Financial Agent in New
York, the Committee of Eleven be authorized
to sit during the recess of the Convention, and
to send subcommittee to New York for the
purposes indicated, and that the said committee
and sub committee be further authorized, if re-
quired by Governor Scott, to assist by their
counsels at home or in New York in the pro-
posed negotiations for the final adjustment of
the funded debt.
Resolved, That his Excelency Governor
Scott be, ard he is hereby, earnestly solic-
tied to make systematic review of the
various classes of expenditures for the pub.
lie services and to use his authority and
influence in arresting the present extrava-
CANT expenditures and in substituting sys-
tenn of rigid economy and accountability in
every department of the public service. That
10 this end his Excellency> be earnestly and
respectfully urged to adopt the sum of 81, ,2O0,.
600 as the utmost limit of expenditure, and
exert all his power and influence TO reduce the
expenses, including the interest on the funded
debt to this sum, and to diminish the taxes in
the same extent.
Resolred, That the Comptroller and the
Treasurer be required by his E&cellency the
Governor, not to destroy the S40O, ,Oo0of OBJ
iectionable bonds referred to in the report,
but to cancel and file them SO that the fact Of
the cancellation thereof may at any time be
demonstrated, and that the same course be
pursued in reference to all redeemed obliga-
tions Of the State, of any character whatso-
ever.
Mr.. E. j. Scott offered the following resolu-
ton, which was adopted.
Whereas, it is customary and proper that
public funds should guarantee the safe keep
ing and faithful disbursement of the same, and
whereas II b Kimpton Esq, the State Finan-
cial Agent in New York, who holds about two
millions of State bonds, has given nothing but
his own personal obligation for the discharge
of his duties.
Resolved, That the attention Of the Gov
ernor and the Attorney General be specially
directed to the risk of loss by the death or de.
fault of said agent, and that they be requested
to require of him bond with such good and
sufficient security as will protect the interests
of the State committed to his hands.
Mr.. Jones offered the following resolution,
which was referred to the Committee of
Eleven.
Whereas, By the act of the 26th of August,
entitled an Act to authorize State Loan, to
pay interest on the public debt the Governor
was authorized to borrow on the credit of the
State on coupon bonds, sum not exceeding
one million of dollars, or so much thereof as
may be necessary to pay the interest on the
public debt. And whereas, it appears that IN.
stead of one million, two million of dollars OF
coupon bonds were created, the one with the
words ';For interest" engraved thereon, and
the other without those words: and whereas,
although it is now stated that 100000 of the
two millions thus issued has been recalled;
therefore,
Resolred, That this Convention cannot but
deem this transaction as uncaled for, and
without legal authority, and as exhibiting an
irrerularity and capacity for fraud which
merits its stern condemnation.
Mr.. Chesnut from the Executive Committee,
reported as follows:
The Executive Committee, to whom was re-
ferred preamble and resolutions in regard to
a larger amount having been drawn from the
Treasury, by the committee OF the Senate and
House of Representatives, for the purpose OF
Irregularities in the Third Con-
gressonal District, than has been properly ac-
counted for, ask leave to report that they have
considered the same, and recommend that the
same be referred to the Attorney General, with
the recommendation that the subject is we'll
worthy of judicial examination, and, in the
op;n,on ] of the committee, is entitled to the
attention of the prosecuting officer OF che
State.
Mr.. Simons from the Special Tax Commit
tee, reported as follows:
The Special Committee directed by the Con-
vention to confer with the Governor of the
State, in relation to the postponement of the
collection of the taxes in November ensuing,
beg leave to report that impressed with the
conviction under the peculiar circumstances of
the case, and in view ofthe fact that the peo-
ple of the State are thus called upon to- pay
the taxes for two separate years in one' of the
Justice of the measure of relief proposed they
have had an interview with the Governor, who
has authorized them to state to the Conven-
tion, that while the various Offices will be open
in November for the reception of the taxes at
that time, from such of the citizens as may be
then prepared to pay them, yet that the period
for their payment win be extended to the first It
of March a. D., 1872, within which time if
payment is made no penalty will attach.
Mr.. Butler, stated that his committee, ex-
cepting one branch, was ready to report.
The Convention then took recess ofa half
hour.