The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-01-11

the T = brave M al and pure old '.Ciiy by the Sea, "
shall require for regeneration, increase anu
renewed dignity and happiness. The prompt
navment of lakes and licences, the faithful oo-
seryance OF law and order, the generous az
negation of selfish Interests, ana me %nnng aa
knowledgment Of the meritorious efforts OF
their public servants, aad the manly aostl-
nence from censoriousness and fault.fndings,
are announcements which The people snouio
afford us, and which will assuredly lead us on
to q glorious success.
I-oUR FINANCES.
The public credit of Charleston, surely, is
not unimpaired, but 1t Is not beyond reC0Ve-
ry If the people are wise enough and Wiling
to evince determination and energy IN taS a11
cause of right aud Justice, and troWn down all
talk and attempts at reputation. various
schemes have been submitted for the removal
of our municipal embarrassments and Tor the
re-establishment of, our financial! status oy
publlc-spirited citizens, but no determinate
action has ever followed. The most Danger.
ous and most Injurious are those that, oy one
plea or another, seek to lead The public mind
TO the conviction that We are unable TO re-
deem our obgalione, and that we are not 10
dutv bound to make the effort to pay, but
rather to resist their binding force. Charles
ton Is a commercial community. 1s there
merchant that does not understand lnat
the most solid base OF their credit abroad
Reputation Is blotch upon the character OF
O people which can never be erased. 1t Will
kill,commerce, enterprise, and WILL forever
prevent general progress and Development
Even to hint at It Is fatal, Is like worm tnat,
Insignificant at first, finally destroys every
Vitality. It is sinfuI because the Lord mas
blessed us with position in the marts OF the
world which has; every advantage, and Is an
assurance itself that by our own Will and ener-
gy We NAV overcome all difficulties, because
The resources are within our reach that insure
us not only competency, but rlches anG power
II we are minded. to employ them. Charles-
ms fing it away The curse OF q
sentimental cry of misery, for when ~ IN
reality never cause or excuse existed with
our present rate of taxation we are entiTely
solvent And we are not oVer-ta4eu. new
York ra'es at 2.90, Baltimore at e0, ana
rate of TWO per cent. Even our enterpsistng
and. prosperous Southern neighoor1Cty OIL
sayannah-rates II. Charleston, tnii OF en-.
terprise and energy, with thirty mliions OF
property and commerce OF near Mty I'M
lions. may smile at her dVe ml!ilohs oep.;
Charleston full Of croakers, repnoiai9rs a,nu anu
ouondam savlourS Of the people ana gong
into bankruptcy would be doomed to destruc-
lion. Chicago, our great enemy, has lost Six
times fhe whole value of Charleston and s.Xty
times the amount Of our public debt IN one
night. Chicago was In asnes, blt never la
despair. In 1888 Charleston lost slX miliions
In two days. Then the whole taxable proper
ty amounted TO only about fifteen MILLIONS;
The people did not despair then, nor taik H ol
repudisiion. There was energy ana HE ID
the community, and ten years later tne aHa-
BILE property amounted to twenty miillons, Tue
citySwas rebuilt, and the popuialion nag s ~,
creased ten thousand souls: Only let us nave
".
same life, and in ten years our city SHAH noI
only be rebuilt, but our taxable properly snali
amount TO forty millions and our popuiauon
. to seventy thousand. Our debt Will oisap-
pear. ., nil sr, O
community. 1t has never yet been done. IL
ia the want of enterprise, the Decentralization
of the people, the want Of employment. Inc
want o1enterprlse creates the want OF employ
ment; hoth are the result OF croakerism, that
seeks relief In reputation. In rare instances
there hage~been natural causes OF decnne ID
" be found In Charleston. Our resources nave
not decreased, but on the contrary they have
rather experienced an important increase.
Our staples are more valuable now than tWen-
ty Years ago. Anew staple article has been
added, of which twenty years ago we knew
no,hing. All and other relations nave only
experienced change tor the oetter, We
and deyelop them. And what ls required to
spring up into a new and higher life but only
a VIGOROUS and courageous effort for the puo-
lie GOOD, and lively and hopeful belief 10 the
possibility of regeneration, togetner WIN
moral conviction of the ridicule and disgrace
of repudIatipg measures. We want 10 recur
TO the high and great standard OF our former
honorable public faith. A community Is pun
M when ali are aiming at the common, good,
and are ready to make every reasonable tem'
porary sacrifice to effect the same. commu'
nifty Is destroyed when al are striving M MLe
make out of the wreck the last personal pront
and are ever ready to sacrifice the puoilG any
each inyiyIdual to their personal gain. What
could Charleston be worth II all forsake ner
What could all her houses, lots and lands
be worth If all want to consume ana no one
wants to contribute and build up! our CHI
zens must no longer look by hundreds 10 pup
hc patronage, but to their energy ior prGs'
perity. Our city must no longer feeG tne III
digent by thousands, but must ind emp.2f'
msnt. and make industrial pursuits for them
ali. VIVA. nablic could afford to be general
djspensary and afms:nuse supposing every
Individual, rich and poor, high and low, should
reverse the prevailing sentiments. snUptu nUt ~,
scorn and be too proud to make pronG 9"tS'
the city, to accept the pittance from Tue puo,
lic, and, on the contrary, should earnestly aao 70
hopefully adopt the principle OF DONG an ~
htS power 1Or Inc cOInmou GVout ei1 w" -.
common prosperity, and should live up to III II,
even through suffering and painful sacrinces,
could we not build up our community am
thoroughly convinced Oft. And we, the peo-
ple's trusted representatives, are sacredly
duty bound TO make the onward move, to I'm.
pel The down ward train into an upward NO
lion, to give new life and joyful hope t3 the
general spirit that we have met on tie verge
Of despair. We can do 1t. God Will help us
The cornerstone has been led. Our effort!
have commenced with REDUCTION of our ex
penditures in every depr.tment, and our ap
propriations for the expenses OF this year may
be reduced BY oveeaf one hundred thousand dol
lars. Our treasury Is now in healthy con
dition, our local credit is measuraoiy aLreao!
restored we have succeeded IN paying OF
mSst Of our arrears. which were very neaVy
And our police, street force and other depart
.Ament expenses are promptly discharged. II
"A few days we shall be able to begin Inc pay
ment Of our interest, and trust we shall mere
alter never fail to meet our obligations: Oul
great trouble Is the past due stock, which, II
eonseouence of the war and subsequent oc
currences. has been allowed to accumulate
And herein our citizens must help us, anu ex
ercise that energy and selfsacrihee ior tn
public good of which have already spoken
IL