The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1871-12-21
STOCK-OWNER.
A Measure of Practical Relief.

S1OCh-OW w N EII.
A Measure of Practical Relief.
The following bill has been introduced into
the House of Representatives by Mr.. Wilkes,
of Anderson. 1t is measure of practical re-
lief, and is a move in the right direction to-
wards extricating the State from her present
financial troubles but we are not inclined to
think that the Legislature will second this
effort to afford relief:
A BILL, TO PROHIBIT THE FURTHER ISSUE, SALE
AND HYPOTHECATIoN OF BONDS OF THIS
STATE, UNDER THE SEVERAL ACTS OF THE
GENERAL ASSEMBLY HERETOFORE PASSED,
AND FOR OTHER PURPOSES.
SECTION l. Be it enacted by the Senate4nd
House of Representatives of the State of South
Carolina, now met and sitting in Genera! AS
sembly, and by the authority of the same, That
the further issue of bonds of this State, under
the authority of any Act of the General As
sembly heretofore passed, be, and the same is
hereby, prohibited.
Sec. 3. That the Financial Agent of this
State, in the city of New York, or elsewhere,
be, and he is hereby, prohibited from pledging
the bonds of this State, which he now has, or
may hereafter have in his possession, or under
his control, as collateral security for State
loan. That the said Financial Agent be, and
he is hereby, forbidden to sell any of the bonds
of this State that have been, of may be hy-
pothecated, for any purpose whatever, prior to
the passage of this Act; and that if any bonds
of this State shall be issued, hypothecated, or
sold, contrary to the provisions of this Act, by
the Governor, Treasurer, Attorney General,
Financial Agent, or by any other person rep
| fo ha totq
neither the principal or interest thereof, shall
ever be paid.
Sec. g. That the Secretary of State aDd his
deputies, and each of them, be, and are hereby,
prohibited from atfixing the seal of this State
| to any more of the bonds of the State printed
under the authority of any Act of the General
Assembly heretofore passed.
| SEC. 4. That the Governor of this State be,
and he is hereby required to call in forthwith
all the bonds of this State now printed and not
signed or printed and signed but not issued, in
the custody or under the control of any person,
company or corporation whatever; and he shall,
as fast as they are received, report their number
and amount to the General Assembly, and in
the presence of the Treasurer, Attorney Gen
eral, the Chairman of the Finance Committee
of the Senate and Chairman of the Committee
of Ways and Means of the House, the presiding
officers of the Senate and House of Represen-
tatives, proceed at once to burn up the same,
and make report thereof to the General Assem-
| bly, Immediately.
Sec. 5. That any officer or agent of this
State whose duty it is or shall be, to carry out
the provisions of this Act, who shall fail to ex-
ecute the same; or who shall, in any way,
violate the true intent and meaning thereof,
shall, in addition to all other penalties, be
deemed to be guilty of high crime and misde-
meanor, and upon conviction thereof in any
Court of competent jurisdiction, shall be pun
| ished by fine of not more than twenty thousand
dollars, and not less than eight thousand dol
lars, one-half of which shall be paid to any
person who shall prosecute the offender to con-
Yiction, and the other half shall be paid into
the State Treasury for the use of the Free
Common Schools Of the State, and by impris-
onment in the State Penitentiary not more than
five years nor less than two years.
Sec. 6. That all taxes for State purpose lev
led and collected for the year eighteen hundred
and seventy-one, shall be paid into the State
Treasury on the fifteenth day of each month";
and the State Treasurer shall give receipt to
the various County Treasurers, who shall make
an annual report of the amounts so paid to the
General Assembly, on the second day of each
session, and also report of all such payments
on the 10th day of each month, during the ses
sions of the General Assembly, and that the
State Treasurer shall give duplicates of each
receipt given to the respective County Treasur-
ers to the Governor and Comptroller General,
who shall, in addition to an annual report with
the Treasurer, make report of the sums so
paid into the Treasury on the sixteenth day
of each month during the sessions of the Cen
cral Assembly and further, that the said tax
es shall not be applied to any other purpose
than to the payment of the necessary expenses
of the State Government, within the limits of
the State, and shall only be paid out by order
of the General Assembly, expressed in a Gen
eral or Special Appropriation Bill, or by joint
or concurrent Resolution of the two Houses,
upon check signed by the Governor, and
countersigned by the Treasurer and Comptrol-
ler General; provided, that nothing herein
contained be construed to prohibit the State
Treasurer from paying any check drawn upon
the contingent fund of either House of the
General Assembly, when signed by the presid
ing officer and countersigned by the Clerks
thereof.
SEC. 7. That nothing herein contained,
shall be construed to intimate an intention or
desire OIL the part of this General Assembly,
to repudiatc any portion of the just indebted
ness of the State; on the contrary the same
shall be held inviolable.
SEC. s. That all Acts and parts of Acts, in
consistent with this Act, be, and the same is
hereby repealed.
= Lace handkerchefs are for sale in New
| Vorl, Sh0 to S5lO 1pipcp