The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-02-19

rent business of The State, without first sub
miting the question, as 10 the creation OF any
such new debt, guaranty, endorsement OF
loan Of Its credit, to the people OF this stale az
general State election, and unless tWo,lnlras
of the qualified voters of this State, Vollng on
the question, shall be in favor of furtner
debt, guaranty. endorsement or loan OF lts
credit, none such shall be created OF made.
SEC. IL. All acts or parts of acts contrary To-,
OF inconsistent with this act are, Tor the pur-
pose of this act, but for no other purpose, mere
SEC. 13. This act shah take effect immedi-
ately.
The committee on ways and means also re-
turned. but with favorable report, the "set-
tlement BILL" which has also been reported in
this correspondence, and which authorizes
the financial board to adjust aud settle up the
accounts of Financial Agent Kimpton, and to
abolish the financial agency In the City OF New
York.
General Whipper introduced "bll to con-
solidate the debt Of the State and TO proVlde
for the payment of the same" This Is the
measure phlanthropicay proposed by MT. E.
B. Wesley, of the New York Union Trust Com
pany, for the relief OF this much burdened
State from all the financial ills that flesh Is
heir to-, and which was fully synops'zed In
to-day's NEWS. A fresh perusal OF It's compll-
Gated provisions reveals no new point OF I'M ,1,,
portance except the general fact that the Dill
iransparently reveals its own object ITO pro-
vide for the bonds now held by certain
CLIQUE in New York 10 the neglect and pre)u-
dice of all others) by making most unjust
discrimination against the "ante-War bonds,
and others which have never been tainted
with suspicion. The bill provides, In words
on on the dollar of all bonds of the
State which NAV be offered by the
holders for that purpose. Now there is on
reason why the holders of the "ante-War
bonds" and the 'Orr bonds" which were
issued in the days of decency and honesty,
should wish to give up their uaquesuonea
securities at twenty-five per cent. reouctlon
while thereis every reason for the anxiety OF
Messrs. E. B. Wesley, Van Schaick i Co., ana
the other signers of the New York petltlon, 10
get seventy-hve cents on the dollar LOT thelr
anew" South Carolina bonds. issued by tne
Scott administration and tainted all over WIN
suspicion of fraud. 1t would, therefore, oe
yerv natural to expect that the new South
Caroliuas' would be the first to be exchaogeo,
and, acting upon this expectation, this olii
procesds 10 enact that the money PROVIDED
for therein (by q tax of four mills) shall be
used, first, to the payment OF Interest on tne
new stock issued in exchange second,
any be left, to the payment OF interest on on
bonds not exchanged; and, third, # any De
sin Ieft. 10 the payment of the 'ante-war" and
WOrr bonds" It Is needless to say that there
will be but little use tor the second and third
of the above provisions, and. 10 1act, tne Oil
should be entitled ga bill to provide
for the payment Of the illegltimate and me
Reputation CT the legitimate debt OF the
State There is, however not the smallest
probability of the passage OF This Dill through
either branch of the General Assembly, ana u
is. perhaps, useless to discuss 1t further. IL
was to-day referred TO the committee on ways
and means, where it will doubtless remain as
q committee nest egg for next winters ses-
sion.
The following important bills were reported
back by the engrossing committee, passed by
the House and sent to the Senate for concur
renee:
Bill to regulate pilotage at the ports Of
Charleston, Beaufort and Georgetown.
Bill to amend an act entitled "an act 70 ON In
corporate the Columbia, Walterooro ana 1em-
assoc Railroad Company.
Bill to authorize the mayor and aldermen OF
the City of Columbia to issue bonds, ana 10
negotiate and cell the same. ,r
MIR Jervey introduced 6ran-neW olll 10
amend the general electlon laW WHICH 10 .rS nf
third or fourth attempt to secure portion Oh
the much needed reform In This dlrection.
First the bill was introduced In the Senate pro-
yIding for an immediate counting OF the vote
Ter the closing OF the polls at every electlon,
and for the appointment, upon the ooaras OF
commissioners and managers OF eleclion, OF
some at least from each political party" ins
nassed the Senate, came 10 the House, was
referred to the House committee on privileges
and elections, who reported tavOrably upon the
rest of the bill, but recommended the striking
out of the provisions for TIC representation ol
the different parties on The election bOards
One argument That was used against lhis pro-
vision was the very captious one that there
ware various parties es-sDemocralic," "Repuo-
lican.n "Reform," ''ConservatiVe," &c.-and
that to appoint one of each party would some
times REQUIRE more than the established mum,
her of managers and commissioners, and
would be, therefore, an imposSl0lllty. Next
bill was introduced In the Senate by Dr. At
MIN, which also provided for the Immediate
counting of the vote and for the appointment
upon the respective boards Of at least one who
shall belong 10 O party or organization opp0s-
ed to the party in power" This was intended
to dispose of the captious objection to the
other bill above mentioned, and sill accom-
plish the desired result. At about Inc same
time complicated bill was introduced 10 tne
Senate by Mr.. Whittemore providing for an
Immediate counting and certifying OF the vote,
but not for Democratic representation upon
the election board. Both Of these bills were
sent TO the Senale committee on privileges
and elections (Corbin, chairman,) where Ar
MINIS was killed aud Whittemore's faVoraoly
reported, On the subsequent discussion OF
Whittemore's bill, Mr.. Cardozo endeaVored TO
40 amend it as to provide for non-partlsan
boards, but this amendment was opposed by
Mr.. Whitlemore, and the bill was passed as
originally drawn. 1t was then sent TO The
House aud there referred TO the House
committee on privileges and elections, where
it still remains. Nov Mr.. Jervey, who Is
chairman OF the House committee on prlvl-
lepes and elections. Introduces another Dill,
which Is very long and very complicated, and
which docs not provide for mixed boards. lts
main provisions are that all commissioners OF
elections shall be elected by the General AS
sembIy> that the ballot boxes shall be publicly
Inspected before the voting, and that the vote
shall be Immediately counted and cerlhed
alter the closing Of the polls. This bill was
read by its title, and referred to the committee
on privileges and elections, which committee
NAV be relied on to report favoraoly on Jer.
yev,s and unfavorably on Whittemore's oili'
The former may then pass the House; but with
the evident disagreement between the t"o
branches of the Assembly upon this subject, IL
s doubtful If the action Of either house VIII oe
concurred in by the other, and, considering
the near approach Of adjournment, 1t 10 very
probable that no final action will be taken oy
the present Assembly upon this very lmpor-
tant subject.
The remainder of the business OF the House
WAS unimporlant Mr.. Gary proposed
another little catechism for the State treasurer
| by introducing the following resolution, which
was adopted and sent 10 the Senate:
ResoiUed, by the House of Representatives.
the Senate concurrIng, That committee ol
| ,hroa op fha Of the HOnse. ulQ-OQ Inc