The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-03-09

Deposited as collateral, or. In other
words pawned for losn!ol $500 'eoo:: S'77S'oo
AmopIt OF cash realized by the State
fISn bonds sold as above. $500 00
Ap15uns obtained by hypothecation. 80. sOo,0ot
Total cash rec iVed by the State on $o,.
$4,000, In bonds outstanding. ...:... 4,SOo, 0ot
The bonds actually sold averaged about "a cents
on the dollar, or II cents more than bonds OF the
United States averaged during the war, and we
have been virtually In q state Of war In South
Carolina during the past three years.
Third Iae 6 out OF an aDunaaaSe SGa0 o. cdaOa
have been issued, thus subjecting the report O,
the treasurer to the only possible test to deter
mine its accuracy; such registration to be made
tious Of the country, and to be published with
full description of bonds, every three months, IN
New York, Charleston and Columbia.
Fourth. The bill prohibits the ful ther Issue o.
ne S
Filth. The ancient Israelites borrowed the golt
and silver plate OF their former masters and neVel
returned 1t. In this they "spoted the Egyptians,
israelites, nor are the bondholders Egyptians
Not to provide for the payment OF our bonded
debt, Is TO rob the men who are our creditors
solely because they had faith IN our sense OF pub
eminent OF South Carolina when 1t was poor and
weak andit continued existence uncertain.
Sixth. Our final and best reason ls found In
the Sixth Commandment, which declares, "Thou
SQAlL uOt blehl."
The House, at its night session, consumed
three hours in senseless flibustering upon the
bill to charter the Union Savings Bank Of Co.
lumbia, and finally passed 1t to q third read.
ing. On the heels of this came the bill relat'
Ing to the bonds Of the State Of South Carroll
ma, which Is more commonly known as the
valuation act, and Is the measure referred tc
IN the above production of literary genius
This bill came up for its third reading, ano
Mr.. O'Connell, starting out with the truism
that 1t was about time the House of Represen
tatives accomplished something, called the
previous question on the whole matter. Mr.
Yocum was, at the time, repeating his tactics
OF last evening, and strenuously endeavoring,
In season and out of season, to obtain posses
sion Of the floor, his object being, as afterward
appeared, to propose an amendment TO tne
title of the bill to make 1t read /: "a bill
to cover up the frauds and corruption OF
the financial board and financial agent
of the State of South Carolina, and pre-
vent them from being sent to the pent.
tentiary,n which he declared would be
more descriptive of the contents OF the
bill. Mr.. Yocum, however, failed TO get In his
amendment, and the vote being taken on put
ton, the proposal was lost by 43 to AZ. Then
Mr.. Holmes moved to strike out the enacling
clause of the bill. Mr.. O'Connel moved to
postpone the consideration of this motion
until tomorrow at P. N. Mr.. Holmes re-
torted by moving to lay that motion on the
table, and Mr.. Yocum further complicated
6y ths
the small fry called for the yeas aad nays.
This produced sort of parliamentary laby'
rinth, which, when Strengthened out by the
prince of parliamentarlans who guides the
destinies of the House OF Representatives, re-
solved itself into the question, "Shali the
main question on the motion to lay on the
table the motion, to make the motion
the bill the special order for to-mor.
row at P. NJ. now be put !" This
complex proposition staggered the ruralists,
and they voted at random, resulting in the
main question being ordered to be put by q
vote Of forty-seven to thirty-seven. The
'''main question" was therefore "put' by the
voluble and enduring speaker. To those who
lessly entangled motion, or have seen "Boss
Tweed" conduct the fortunes of committee
meeting Of the Tammany tribe, the following
formula may be Ineligible, but to the average
member Of the present House 1t tB ChoctaW.
It would have to be heard to be appreciated,
but as nearly as types can reproduce 1t, IL
was Observation-Disclosures ontolayontheta
Observation-Disclosures otiontostrikeoutheen
neutrality-suspicious. NJ
II oselnfavoroilayingon nthetablethe themotlontom
observation-disclosures gclauseofth
ebillthespecialorderf derfortomorrowatoneP M.wil
voteaye. Thoseopposedwillv Theserge
antatarmswill llbarthedOoran ndallownomembertc
ACKNOWLEDGEMENTS
The clerk called the roll and the first ten
or twelve members struck out blindiy and
voted yes or no as happened. until some in.
telligent member discovered that to vote yes
meant to bripg the bill up tonight, and to
vote no meant to postpone it until tomorrow,
and voclferously explained his discovery.
This explanation bringing the matter to the
comprehension Of the members, they began
10 vote with some intelligence, which result
ed in postponlDg the matter until tomorrow
at P. n. by majority Of three, and to the
immense delight of the friends of the bill,
who began to see that the measure, If press
ed to q vote this evening, stood an uneXpect-
ed chance OF defeat. It is probable now that
the bill will be passed by the House, and, In
that case, its passage by the Senate and ap'
proVal by the Governor are regarded as GER
tain. PICKET.