The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-09-25
celled, leaving upon the market more uni
form class of bonds.

celled, leaving upon the market more unl
form class of bonds.
An act 10 create debt OF the State OF Sontl
Carolina, to be known as the sterllng 1unueo
debt; the same or the proceeds thereof 10 Dc
exclusively used in exchange Tor, or Ia pay
ment OF, the existing puoLc aeot Oh saio oua.e aIe
Act No 377, page GIG; approved Marcel Z. 1871
This loan was authorized by the Legislature
for the purpose of funding such portion OF the
debt due or coming due. Up 10 the present
time it has not been found necessary 10 put
any of this loan on the market. 1t Is ret In
tended in this act to enlarge, but simply to
replace the existing debt.
THE GENERAL ELECTION LAW.
In regard to the general election law oi
September 26, 1868, General Scott says:
While the spirit and intent of this law was
as honestly and fairly carried out as the elec-
ton law In any other State, yet 1t must be
admitted that an improvement can be made 10
the time fixed for counting the ballots. Ex'
perence has taught that ten days is too long
period from the day the election Is held till
the time the ballots are counted by the com.
missioners of elections. This change will
unouestionably be made at the next session OF
the Legislature, and thereby close the door to
the charge that the law gives an opportunity
interval of ten days.
| Inc REMAINDER vi UUFeIuOI CCoIIo iottei ie
as follows:
THE ALARM IN THE STATE.
Having thus submitted full statement OF
| the State debt and other subjects connected
Herewith, embraced in your circular, deem
| 1t not inappropriate to the occasion 10 refer to
| the present state of affairs in this State, and
| suggest the cause to a certain extent OF our
present unsettled condition. d. not desire
to arraign any class OF citizens :s being guilty
| of an Intention to obstruct the execution ol
| the laws, but q vague and undefnabe appre-
hension exists in the minds of certain classes
| of our population. created no doubt by the
many eXlravagant rumors put In circulation
by interested parties. This apprehension is
| one of alarm, particularly to those unacquaint-
ed with the machinery OF politics and finance,
| and creates In their minds dread OF some
great evil to come to the State, either oy an
| Increase Of the State debt, enormous assess
ment OF taxes, over issue of bonds, or other
calamities TO them unknown. This Impression
| has been fostered by those interested 10 keep
| ing up the feeling OF dissatisfaction.
It will be seen from the assessment and col
| lection of taxes that the amounts are no great
er than prior to the war. Previous to recoA-
struction a large amount Of capital OF the
State was invested In the Bank OF the State,
and the profits of that institution were used to
support the State government. Money was
! loaned to the planter, merchant aud business
| man, and the percentage thus derived went 10
sustain the machinery Of government; now,
those men are compelled to pay their tax di
| rect, instead OF by percentage to the Bank oil
the State. In all communities the subject OF
| taxation Is one which operates on all classes
| with the lvelest feelings OF alarm, aud more
| particularly Is this the case Ia communities
| where the lacdholder has been until recently
comparatively exempt from the visitatlons OF
| the tax gatherer.
A'BETTER FEELING PREvAILING-No EEPUDIA'
TI0N.
am constrained to believe that much Of the
turbulence aud disorder in the State has arisen
| from the apprehension Of people who put too
much confidence in rumor. Wild and exag-
perated stories OF corruption and extraya.
gance on the part OF the State Government
have been put 10 circulation in the hope, no
| doubt, OF clogglnS the whee.s OF government.
These reports have created want OF conn'
dence on the part OF those who hold our secur-
tiles and have operated against the credit OF
the State A better feeling, however, begins
| to prevail, and am gratihed IN saying that at
| the present time all parties seem TO be ready
to lay aside political differences, Investigate
and accept the truth instead OF rumor.
With such condition OF affairs am con-
vinced that the future must inspire cond-
dence, both at home and abroad. and that our
citizens will feel that the best interests OF the
State will be subserved by a cordial co-opera-
ton of every class; and the oft-repeated rumor
Of the disposition Of any patty TO repudiate
any portion OF The debt created Is without
foundation, as reference to the proceed
ings Of the axpayers' Convention, held In this
city, IA copy of which is forwarded,) compris-
Ing among its members the most intelligent
and prominent men OF the State. whose int1u-
ence In this direction would be potent for
either good or evil, baving pledged themselves
In that convention to hold sacred the obuga-
- ,Lo
satisfied them that no such extravaganza or
increase OF the State debt had taken place IN
the administration OF the finances as to Justify
a conditional threat In that direction. should
change of administration place them In control
of affairs; Indeed. II any feeling s more domi-
nant than another on the part OF the taxpay-
ers, 1t Is that the debt, amounting to 81, 24 $40
contracted during the war, should also be held
as sacred obligation.
THE COMPLAINT OF TAXATION.
While It Is a recognized right OF the taxpayer
to complain Of the burdens of taxation and the
poverty of the people, yet, it is fact patent to
observation that the annual increase ol the
staple products of the State. the value OF prop.
erty, and the accommodating wealth OF the citi-
zens are so largely added each year 10 the
ability OF the people to meet their obligations,
that very soon our present State debt VIII oe
looked upon as a comparatively inconslderaole
sum.
The immense wealth to be derived from
phosphate rock alone, la the rivers and inlets
of the seaboard, is sufficient Ia Itself, If proper
ly cared for. to meet the entire expenses OF the
State government.
I desire, in conclusion, to call your atten.
ton to the tact that the annual appropriations
to meet the expenses of the State government
average less than one million aud half oil
dollars, which is collected from every species
OF property, both real and personal, and yet
the Federal Government has collected from
our citizens annually nearly double that
amount, while the sources from which this
revenue Is derived is limited TO few subjects
of taxation. and therefore confined to very
small number OF taxpayers.
merely refer to this subject 10 Illustrate the
fact that our people Go not differ from the pee
pie of other Commouwealths. and that the
complaint of taxation is a common one to al
communities and to all parties.
remain, very respectfully.
(Sipued) ROBT. h. SCoTT, Governor.
CRIME IN THE ST.ITE.