New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-05-13
MN, sorTH CAROLINA TAXPAYERS.

.,,,,o.rry REPRESENTATION ENDORSED - NEW
WrAsuREs OF FINANCIAL REfoRM-GoN.
SCOTT COOPERATING WITH HE CoN'ENii0N
THE STATE DEBT.
co,uMBIA, May 12-ln the Taxpayers
,,nyentlon to-day a report was adopted condemning
~, sterling Loan authorized by the Legislature last
+er reouestinS the Governor not to sign the bonds
Cor the loau warning the people not TO buy them put
on the market and stating that their payment Will be
i.ted by the property holders of the State on the
round that they are issued by government In which
property has representation and in derogston OF the
chts Of the people upon whom the burden of payment
must rest
The Committee OF Eleven reported the result OF har
onous conference with the Governor who had agreed
20 epdcavor to reduce the number Of ofcehoders, to
appont competent Trial Justices, TO postpone the
collection of the next tax until March, and to recon-
mend the convention plan of cumulative voting and
change in the election laws to guard against fraud
The Attorney General requested TO inquire into
he alleged frauds upon the Treasury and to attach the
property Of defaulters Committee of Three was ap-
ponted TO act with the Committee Of the Legislature
now in session. to investigate the conduct oi certain
S ate officers.
The Committee OF Eleven reported plan to improve
the financial condition of the State 1t contempates in
,reasinc the revenue by collecting royalty from the
phosphate ferzng deposits taken from river beds and
reducing expenses by diminishing the number of state
and county Offices reducing the pay and fees OF Others
limiting the annual session Of the Legislature to 80 days.
requiring specific appropriations of money! prohibiting
officials from drawing money than their salary and
various other economic reforms.
The same Committee made a long report upon the
State debt The present debt ia said to he S65Oo 49,
beside bonds in the hands of the New-York agent
amounting 10 d 100000 which have been pledged for
loan of $4,000 The Committee reported plan for re-
leasing these hypothecaed bonds selling them az So and
having with the the Indebtedness now DUE and
stated that If this were done the total debt would be
sssO7oOs They charged that the State had
paid as high as II per cent interest in New
York on short loans They recommended the Gov
ernor TO fix s1,2eOOOO the limit OF annual
State expenditures, including interest. The Committee
were directed 10 send Subcommittee to NewY0Tk, To
examine the books of II. H. Kmpton, State Agent The
Executive Committee made permanent body TO
watch the Legislature and the conduct OF State ofcers
In the interest Of the taxpayers and to reassembe the
Convention il necessary. The Committee was also
ordered 70 investigate the doings of the Land Commits
sion. resolution adopted cOndemnng all secret
political organizations At O'Clock the Convention ad-
sOurned sine die.
The action Of the Convention was remarkably tenn
perate dgnihed and free from any manifestation OF
political feeling. 1t lie believed that II VIII accomplish
much good in dueting the existing irritation among the
,eopIe and checking the violence of the KuKux. The
financial condition Of the State Is shown TO he better
than was apprehended and the disposition of the Gov
ernor TO cooperate with the Convention TO remove the
evils complained of and the burdens OF taxation
gives general satisfaction Beside the Governor num-
Der Of prominent Republicans including several colored
leaders have Endorsed the plan of minority representa-
Sion which supported it is by both parties, will no
doubt be enacted into a law next Winter