The Greenville enterprise. [volume] (Greenville, S.C.) 1870-1873, 1871-05-31


the credit of tho State, and to CON.
fer with the representatives of the
" Fire Loan Securities" of the
State, which have been practically
repudiated by the State authorities
with a view to repair tie damage
to the good faith and honor of the
Commonwealth, by influencing all
early liquidation of these obliga.
tions.
Adopted.
Also. reported on resolution of
Mr.. Adams, of Ricllland, in refer.
enco to taxation:
The Executive Committee, to
whom was referred the resolution
OF Mr.. Adams, of Richland, i'm
reference t. the collection of taxes
for the year 1871, beg leave re.
spectfully to report that having al
read y considered and reported up
on the subject matters therein EN-.
braced, they ask leave To be dis.
charged from their further consid
Grafton.
Adopted.
Also, reported OH resolution to
appoint a committee nf five to pre-.
pare truthful statement of the
condition. of the State now, and
since the war:
The Executive Committee to
whom was referred resolution to
appoint a committee of five to pre-
pare q report of the condition Of
the State now and since the war,
beg leave to report, that they have
considered the same, and recon.
mend that the committee be raised
tor that purpose, and that the fol.
lowing gentlemen .compnse the
same viz. Messrs. A. p. Aldrich.
Arm stead Burt, j. l.. Manning,
M. @. Butler, w. D..Portcr. "
Adopted.
MIR. Trenholm from the Commit.
tee of Eleven submitted The follow.
ing report on financcs OF the State.
and which was with the resolutions
a .optel:
The Committee of Eleven to
whom was referred the esolu,ion
regarding the finances of the State
report as follows: This resolution
having been published in the news.
papers before the assembling of
the Convention, your committee
were promptly apprised by his
Exc llency the Governor, and by
tho other State fnnc!ionaries refer.
red to, of their readiness to furnish
the required information. The
Comptroller Genera. furnished to
the Convention themselves print.
ell statement of the funded debt
OF tho State OF South Carolina and
INFORMATION relative thereto" In
this statement, the total funded
debt of the STATE" is set down as
thcssum OF S7,655.9OS.9S. To the
Sum at the funded debt, viz. : ST.
665, ,00S.9S. must be added in or.
der TO exhibit the sum total of the
debt Of the State, the cash nd
vanccd to the Treasury by the FL
ifancial Agent. This is set down
by MIR. Knnpton at the round sum
of SSO0.O0O, and also the further
sum If $400. .0GO, for bonds sold bv
kimpton since the date OF the
Cuinptroller's report, viz. making
a'grand total Of debt Of $685.
9OS.0S.
The sum total of bonds remain
ing unsold in the hands of ,he
agent, as already shown b. the
C"nhptfoller's statement, was $2,.
100000. From this amount, must
be now deducted The amount sold
rs above stated, $1,000 leaving
81 800, 900. This amount of bonds,
namely $1,800.O0O is pledged for
the security ofthe $500, 900 of cash
advanced by the agent.
In view of this condition of the
finances of the State, your commit.
Tee would respectfully make the fol.
lowing recommendation, viz. /.
That his Exccllcncr the Governor
be respectfully requested to confer
with the financial agent (who is
now in Culumbia.) and to tele
graph TO New York not to sell any
more bonds of the State at less
than so per cent.
9. That his Excellency he re.
specially requested to proceed to
New York, and to make the most
economical arrangements possible
for holding this 100000 Of
bonds, until the above limit of so
per cent. becomes atiainable.
At 80 per cent, $1,000, 900 of
bonds will discharge the debt of
$4,000 due to the financial agent.
and release Ss0,OOO OF the hypo.
thecated bonds. This sum of bonds
your committee recommend, that
it may be respectfully suggested
to the Governor to use in the fol-
lowing manner