The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-03-13

| agent OI Tue SLate Ill Tue OlCy VI NSW 1olh.
Mr.. Nash proposed to amend by striking out
of the bill the provision which allows the
financial board to pay the financial agent out
Of the State treasury. from any moneys not
otherwise appropriated, ''any sum or sums, If
| any, which may, on such adjustment, be found
to be owing by this State to said financial
agent" He thought 1t would be oetter 10
keep this money at home to pay the members
OF the Legislature, State officers, school teacn-
W6ittemore desired to know how they were
| to get back the six or seven millions of bonds
| now in the possession of the financial agent,
part of which was pledged for loans, unless
they paid him what was owing him /?
Nash thought they had better say to the
financial agent stake the bonds and CO."
Kimpton could doubtless get better prices for
them than anybody in Columbia could get, and
as far as he (Nash) was concerned, he had
very little hopes OF ever seeing the bonds or
the price of them again.
MI. Leslie took the foo: in favor of the
BILL He declared that the financial board
had already the power to appoint, regulate
and discharge the financial agent, and this
power carried with it the right to settle with
the financial agent. The object of this bill
was only to make this authority specifc-to
avoid cavil on the part of the opponents of the
State government. The amendment proposed
would destroy all force and value of the bill,
because they could not settle with the agent
unless they had authority to pay him of. The
opponents of the bill were working directly
against The interests of their party, aad Re-
pnblicanism was being stabbed In the house OF
It's friends
Mr. Nash replied that he should be sorry If
the gentleman got stabbed In his house, but
he would even prefer that to being stabbed
himself He knew that the bill would not be
worth the printing oft If his amendment was
adopted, but that was what he wanted. Self
preservation was the first law of nature, and
he did not want to see money going to New
tiHcates.
The debate was continued for some time
and participated In by Whlttemore, Cardozo
and dozen others, resulting In the adoption
of the following as substitute for the or'gl-
nal bill:
Be it enacted, &C., That the financial agen-
cy in the City of New York, established oy
the General Assembly Of South Carolina,
August 26, 1868, be, and the same Is hereby
discontinued; and the Carolina National Bank.
of Columbia, g. e.. Is, BY this act, authorized
and directed to settle with the said financial
agent of the State, in the City OF New York,
aud to receive any balance that may be- found
due by him to the State, and any and oil bonds
or property that may be In his hands belong
ing to the State at the time of settlement, or
may hereafter come into hls possession.
And should the Carolina National Bank and
the financial agent be unable to agree upon
settlement, the matters In dispute may,
upon agreement, be referred to arbltrators,
one to be selected by each party, and the third
by the TWO arbitrators themselves, whose de.
cislon shall be binding upon the State and
financial agent, and, should diMcnlLies arise
iu efecting settlement which are not ex-
pressly provided for In this act, the Carolina
National Bank is hereby authorized TO e2ef-
else such discretion as will result In protect
ing the interests of the State, and immediate
" upon the settlement being effected, the
Carolina National Bank shall publish the same
in one or more of the newspapers In the cities
Of Columbia and Charleston, setting forth lhe
manner OF settlement. the amount 10 be PAID.
If any, to the financial agent, and the proper
report shall be signed by the parties making
the settlement.
On the heels Of this came up the validating
bill, motion being made by Mr.. Leslie 10
reconsider the vote by which 1t was postponed
till Wednesday. This motion was carried 6y 9
vote of seventeen to eleven, and the Dill
came up. was read by sections, and passed to
its third reading. A few amendments were
inserted, and great deal of flibusterlng was
INDUCED In, but 1t was apparent from the hrst
that the arrangements" had been maze ana
the passage of the measure was foregone
conclusion. The only amendment OF any con-
sequence was the striking out In section four
the clause which had been inserted by the
House to restrict the tax to be raised for the
payment Of interest on the public debt 10
four mills on the dollar. This action restores
to the bill Its most mischieVous provision,
inasmuch as in its present shape It authorizes
the collection. every year OF any amount OF
tax which the State officials may see DC to de-
clare Is necessary for the payment OF Interest.
This bill will now, In all probability, receive
its Lnal passage in the Senate tomorrow.
There will then be ample time for the con-
currence by the House in the Senate amend
ments and for the approval Of the measure by
the Governor, and the stupendous sWindle
may now be looked upon as an accomplished
fact.
The following resolution, introduced by Mr..
Huuter, was adopted and ordered to be sent to
the Senate:
Whereas All the counties in this State
wherein United States troops are stationed
are In q comparative state of quiet; and
whereas we believe that the present peaceful
condition of said counties Is entirely altrtbuta-
bic to the presence of United States troops,
and would be jeopardized by the withdrawal
of any portion of said troops; therefore our
senators in Congress be Instructed and our
representatives requested to use their lmme-
ate aud most earnest endeaVors to secure the
continuance Of the force now stationed here,
and that the senators and representatives, be
furnished with copy OF this resolution
PICKET.
NOTES FROM WASHINGTON.
WlsHrSaToN March H.