The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1871-05-13

legality Of the postponement Of the
statutory ltgn of 7the f}tatg OF, the Blue
Ridge Res1, by tile L3giGhtufe, q c4k-
jsain bonds and hortg9Be$, to MhssrA
Clews, Cameron Rnd G1updi9. tffSss
be requaSted to gSSe tlfeir legal ot tini4h
at tie earliest pr &Atioable @oSnenfs snp-
porting his resolution by strong line OF
argument. showing the unwisdom of the
Convention in tampering With the busi.
ness Of private corporation. he held
that tho action. OF the Convention. unless
lated to. discredit- tbs, bonds OF the Blue
company and damage 10 the, State, in
crippling an enterprise, the successful
issue OF which would determine, to
large extent tho future prosperity Of the
State. ,He tIen' smaintained tint, in
point Of fnot, the postponement of the
statutory lien of the Stnte, to mort
gage given to secnfe bonds endorsed by
the State, could not possibly work hurm
to the State. and was nm equally good. ii
not better. form OF security than the
statutory lien wonld be. He also stated
that the mortgage Of the road to secure
the funds was recorded prior to tue
attachment Of tho statutory lien Of tho
State. and TINT, consequently, in point
OF law, the mortgage must take prece-
denoe.! III Nli r,.ii
Mr.. +. r. Warloy replied in m affect
ing and eloquent speech, depicting in
touching terms the dasolated condition
OF the country, and tho deplornbly cor
rppt state of-tbe Legislature. by reason
Of which. Us he held, the passage of the
Blue Ridge Road bill had been effected.
The amcndment.wa laid OH the tnblc.
= 1n,. e-1
ing. which was considered at once and
adopted: 4
! Whereas, it is customary and propey
that persons entrusted with iarge amounts
Of the public funds should guarantee the
safe keeping and faithful disbursement
OF the same; and, whereas, 81. Fl. Kimp-
ton, Esq, the State Financial Agent in
New York, who holds aboat 50, 900, 900
worth of State bonds, hos given nothing
but his own personal obligation for the
discharge of his duties; therefore, be it
/ Resoiped, That the attention Of the
Governor, aud the Attorney General
be specially directed to the risk of loss
by the death or default of said agent.
and that they be requested to require Of
him q bond with sucl good and sufficient
security as will protect the public into
rests in his charge.
Gen. Cad. Jones offered the following,
which was read aud referred: H i. -
Whereas : by the ACT Of August 26.
1868, entitled ''An,. Aot, to authorize 1.
state loan TO pay lns. interest, on the
public debt, the Governor was author
lied to borrow on the credit Of the State,
| on coupon bonds, q sum not exceeding
necessary, TO pay the interest on the pub
lic debt; and whereas ie appears that in
stead OF 81, ZOO, 900. $4,000, 900 OF cou-
pom bonds verb created-the one with
the words Ffor interest," engraved there
on. and the other without these words !;
and whereas. although it is now stated
that $500. 900 of the $4,000, ODO thus ie-
sued has been recalled; therefore.
.Reso.oed, That this Convention cannot
but deem this transaction .ns uncalled for
and without legal authority, and as exhi-
biting an irregularity and capacity for
fraud which merits its stern condemn ma
ton.
Judge Aldrich, for the Executive
Committee, reported npon the resolution
OF Mr.. w; K. Greenfield, relative to GER
I tain irregularities in drawing funds from
the State Treasury, by the committee ap.
pointed to investigate election frauds in
the Third Congressional District, recon-
hepHtug tnht Tue attentlOn OF tho AttOr-
ney- y-Generul be directed thereto, with q
view TO q judicial Investigation.
At IL o'clock NJ, the Convention took
recess OF 'sn half hour. When the
Convention met again, Gen. NJ. g. But
ler. for. the committee appointed to con-
fer with the Governor, made lengthy
report.
Mr. Cannon, from the special commit
tee. made report, recommending, that
the Legislature repeal the law requiring
oil legal notices to DO published in GER
tain papers.
Mr.. Marley introduced resolution,
which was adopted, that the Convention
express their disapproval OF all secret
political organizations, and that they
call upon the good citizens OF the State
Of all parties to discountenance all such.
MIR. Baldwin offered resolution, that
the question of the legality OF the post.
ponement Of the statutory lien OF the
State on the Charleston and Savannah
railroad be referred to certain eminent
lawyers. Agreed to.
MIR. Woodward offered q humorous
! rpQnlnfSnn hat - L