The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-05-15
S190,S79 IA
2Os,ol4 80
SSse,ssS go
The premium on gold pail by Mr..
Kimpton and charged in the same .
account ~ is..................'' o
8,l.362 90
S4s4,255 90

one million was sold, and those at 10 pei
cent.
In reviewing the financial condition OF the
State, it was impossible to tailof being gravely
impressed by the enormous expense OF the
present day as compared with the past. Your
committee earnestly appealed 10 his Excel
lency Governor Scott to use all his power to
enforce retrenchinent in every department II
was impossible for your committee, n tne
short time allotted 10 their arduous task, 10
examine into the various accounts lhat eH'
hbt these expenditures, and to suggest In
what particulars they may be curtalleu.
| They procured from the treasurer, IN COM
peudirm form. and attach to this report &C
counts ID aud E. showing The receipts anu uls-
| hurSeincntS of the treasury Tor Inc years !o69
and 1870. They commend these interesting doc-
| umeuls 10 the careful exam lnation ami earn
est consideration Of the taxpayers and oil the
| I gisialure. They believe that all necessary
| retrenchment of expenses may be etected.
| and That =. is the shortest and best avenue 10
escape from the financial difficulties we suffer,
and the surest means oil restoring qulcI anu
confidence among The people Of the Stale.
Less han $500, 600 will pay the interest in gold
on the funded debt, aud 81, 200. 600 OF revenue
| should abundanliy suffice 10 deiray. the intcr.
est and all other expenses.
The colnmiltes believe that by vigorous
and persistent economy our expenses may be
reduced to this sum, and The lakes proper
tionately ubated.
The examination OF Mr.. Kimpton's account
in detail was found impossible. as his books oil
account are necessarily in New York. Fhe
| importance OF such an examination lS, now
ever, recognized in the interest OF the State,
| and for the satisfaction OF the financial agent.
| by whom it Is cOurteously and cordially In.
yited. The SAME may be said OF the several
officers OF the State TO whom application LOT
| information was made be your committee.
Mr.. Neagle, the 0mplrOller-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 re-
ported on, they would respectfully recommend
TO the convention the adoption Of the follow
Ing
RESOLUTIONS.
RESOLVED. as the sense of'tiis convention.
That the funded debt OF The State aS described
in the report of the committee oil eleven oil
this bodyis valid debt, and that tue honor
and funds of Tie SbOte are lawfully pledged
for the redemption thereof.
Resolved, That the general plan tor The ar
rangement OF the funded debt. suggested by
the committee, be recommended 10 the favor.
able consideration of his Excellency the Gov
ernOr.
Eesolued, Tho; to complete the examination
OF the accounts OF the financial agent in New
Is,
TO sit during the recess OF the convention, anu
TO semi q subcommittee 10 New York ior the
purposes indica ted, and that the said commit
lee and subcommittee be further authorized,
if required by Governor Scott. TO ASSIST oy
their counsels al home or in New York IN the
proposed negotiations FOR The tina! adjustment
OF the fanded debt.
Rc,olred, That his EXcellency Governor
Scott ue aud he is hereby earnestly solicited
to make u systematic review 0f Inc various
classes OF expenditures for the public services,
and 10 use his authority and influence IN ar
resting the present eXtravaSant expenditures
and In substituting system 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 Sl,2y0, 600 as the utmost hmlt OF eX-
penuiturc, and exert all his power and infii-
ence 10 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 treas
urer be required By his EXcelhncy the Gov
ernor, not TO destroy the s4uO,0O0 oil objection
able bonds referred 10 in the report, but to
cancel and file them so that the TACT OF the
cancellation thereof may at any time be de-
Donstrnted, and that the same course be pur-
sued in reference to all redeemed obligations
Of the State, of any character whatsoever.
A COMPARATIVE STATEMENT OF EXP ;NSES.
Mr. Bail, of Iaurens, from the same commit
tee, made report in detail Of the expenses of
the State for tie years 1866 aud 1e7l, which
was also adopted. 1.-THE report will be pub
lished hereaiter.]
SECRET ORGANIZATIONS.
Mr.. F. F. Warley offered resolution, which
was adopted, disappearing OF I'LL secret asso-
Citations or organizations by whatever name
they may be known. aud invoking all good
citizens, Irrespective Of parties, to discounte-
nance the same.
THE SAVANNAH AND CHARLESTON RAILROAD.
! Mr. Baldwin, OF Richlaud, offered a rcs0ll-
tlon That IL be referred to Messrs. Porter &
Conner to Investigate and report upon the
Legality ofcertain transactions, OF The savan-
nah aud Charleston Railroad connected with
the action OF the Legislature.
Mr.. Porter stated that that firm haG already
given legal opinion on the matter referred
To-, and suggested the selection Of another
tribunal.
On motion Of Hon. a. P. Aldrich, Messrs.
Presley, Lord & Inglesby, OF Charleston, were
appointed.
COMMITTEES
Tie chair appointed Messrs. Sem. simons
ana Fox committee Gu the publication OF the
proceedings of the convention.
Under Colonel Simons's resolution 10 pre-
pare plan to restore tile credit of the State,
+ and TO cooperate with the Legislature in the
Investigation of frauds, &C., the chair ap-
pointed the following committee: Messrs.
T. Y. Simcns, Wallace, OF Columbia, aud
Richard Latiiers.
THE LAND COMMISSION.
On motion OF T. W. Woodward, OF Fairfield
it was referred to the executive committee TO
make an Investigation ofthe affairs of the land
commission, and report the res..it Of the same
Hereafter.
On mot.5.-. of A. P. Aldrich, the convention
went into
COMMITTEE OF THE WHOLE,
Hon. James Chestnut in the chair.
Judge Aldrich offered the following, which
was adopted:
Resol:ed That the thanks Of the convention
are due, and hereby rendered TO Hon. w. ID.
Por er TOT he able, courteous an Impartial
manner in which he h.s pr, sized over the
deliberations o; tn S body, an that the chair
man of the committee be Iequ.sted 10 inform
Mr.. Port"r OF ts action.
Colotel Lathers offered resolution OF
thanks to the Governor and other State off,