Beaufort Republican. [volume] (Beaufort, S.C.) 1871-1873, 1872-02-15
OUR COLUMBIA CORRESPONDENCE.
COLUMBIA. S. c., Feb. Is.

In the Senate on Friday, the only new
business introduced was the following
concurrent resolution, for the relief Of
Beaufort County, which was offered by
Mr.. Smalls. adopted by the Seuate and
sent to the House, and, before The day was
over, was returned from the House with
Its concurrence.
Whereas, One. fifth lin va'ue) Of the
real property of the County Of Beaufort
is now in possession of the UDlted States
and therefore is not subject to taxation,
the title to said property having been ac-
quired by the Federal Government by
means of the various sales made by the
United States direct tax commissioners in
the Years 1863 III '65 and '66, at which
time the whole of the Parish OF st.
Helena was sold by said tax commission
ers for delinquent taxes; aud. whereas the
longer occupation of these lands by the
Federal Government will be a serious and
insurmouptable obstacle TO the prosperity
of the said County of Beaufort, inasmuch
as no improvements OF even repairs are
being, or will be, made thereon, cunse
quently said property is rapidly deteriorat-
ing in value, many valuable houses hav-
bill, prepared by the commissioner of
internal revenue, who now controls said
property, is before the CoDgr IS of the
United States, which provides for the
speedy sal. OF all the Interests of the
Fed, raj Government in Beaufort Cuuuty !;
therefore.
Res0lred, DC. That Our senators iD Con.
gress he Instruct. d and our tpreseuLa
Llv.s requ, sied, TO use their lrnme diate
and most earnest endeavors to srcure the
passage of said bill, or such other legisla-
llon as will relieve The citizens Of this
county from this Incubus upon their pros.
perlty.
Five bills we're introduced into the
General Assembly last week which, ii
passed. are calculated u have vrIy i'm
porlant eff' cts upon p,IiIlcs III this State.
They are live III number. as follows:
|. A bill in relation To the bonds and
stocks of The State IF Soulh CarOIIna."
"a bill 10 raise suppli and max,
appropriations for the fiscal year ending
October 81, 1872, and To provide for def
clt ucu in the revenue for the fiscal year
ending OcL"b.r 81, lSII."
g. "A bill To Iur' her anlnd an act
entitl, d an act prrvinIng tor The assess
meut ann taxation ct properly aud other
act ann udal"ry thereto"
4. IA bill ~ provide TOR general IL
cense law"
5. "A bill in relation to The financial
agency of the State Of South Carolina in
the City Of New York"
The fist Of the above named bill is at
once, validatlon act, a funding bill, a
registry law and a guarante bond It's
first section gives what purpOrts to be
iull inventory of ali the bonds and stocks
Ot the State issued since January l. 1868,
all of aUhich are declared to be genuine and
| ieguL issues within The inteut and mean
iug Of the 81 veral acls which authorize
! them, and the faIl and credit of the Stale
are splemnly re. ple dyed for the payment
in full Of their priucIpal aud interest.
Next it provides for the funding of Ger.
tain securities (which are understood TO
be the seven per Cent. treasury notes now
aii1at in New York; nto SIX per cent.
bonds Of the State. and the issuing OF the
necessary amount Of conversion stock Tor
this purpose Another section requires
the registry Of all outstanding bonds and
stocks, after due advertisement, at either
the Car ,lin+ NAtionll Bans. Columbia, or
the office of the Commercial Warehouse
Company. New York aud makes such
registry compulsory by prohibiting the
payment OF interest on coupons Of unregls-
tered securities; and lastly. the bill affords
an ostensible guarantee against the fur
her issue Of bonds BY providing that no
further Issue shall he made without the
consent of two thirds of the qualified
voters of the State al a general election.
Number two in the above list is the sub
stitute for the general appropriation bill
recently introduced in the House by the
committee on ways and means. In the
first section it requires the levy OF the
tremendous tax of Serenteen and one hnJ
mills tor State and county purposes. This
is divided as follows:
For current expenses for the pres
ent fiscal ear.."......................6 mills
For interest on the public debt. IA mills.
For Deficiencies for the fiscal year
ending October 81, lS7l...........5 mills.
For county purposes. mills.
The appropriations, or, at least. such OF
them as have specified amounts, foot up
as follows:
Executive OBSERVATION-DISCLOSURES. 1890
Judiciary. ........:..............." 3UO
Ordinary civil xpenses.............. lll,SOO
Extraordinary expenses. 10000
Educational, lin addition to the
per capita tax ......"......"....lS3,O OOO
Total OF specified appropriations 1851, 300