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

| have prepared several bills for your eonslde-
ration which think will meet the case. First
ly. a bill to issue s per cent. coupon bonds 10!
$500 600, principal and interest payable In gold
| in New York, 10 be Issued at par tor past due
stock, or where the holders OF the same should
be unwilling to make the exchange. to in.
duce our patriotic citizens to subscribe tof
the same. Secondly, q bill to provide
for the gradual extinction OF the city debt, oy
an issue of six per cent. coupon bonds, payaoie
| In New York, and exempt from taxatlon, 10
exchange for stock, and an appropriaslon
annually of $50, 900 TO redeem the lowest o1e5-
ed Thirdly, a bill to encourage the repuNa-
| ing of our waste places by exempt1ng lot a
| term of five years Of all improvements OF loCs
and lands. II we can remove lne mlsappre-
henslon that we are unable OF unwilling 70 re-
deem our stocks, their value will surely ad-
vance in the financial market. Besides, am
sure we can very we'll get along Without tax
| ing our own liabilities, which alone Will IN
crease our stock value ten per cent. Oul nre
loan bonda, upon the restoration OF tnis eonn,
dence, will advance 10 nearly par, Wnlcn WIN
increase their demand for building purposes,
esneciallv in view of the exemption from tax.
afion of such improvements. The result VIII
he a general remnnerative employment lot our
working people Of every degree, and liVeiy
retail trade The city will not suffer oy TINS
arrangement, but taxes will be easily paid,
where all Is life and activity.
WILL our GOOu CltlIcuS uoho thO OIo. :.
Council must ask them. Council must appoint
committees of the leading men OF every CHASE.
Public opinion must accept of the measure as
an honorable necessity. We have the will, en-
ergy and power to build halls and churches,
TO establish banks, to sustain clubs and socle-
ties. and to support public amusemeDts why
could we not save Charleston? we can 90 II,
and zoe ,nin do 1t! Let US be prudent ana eco
nomical. let US be public spirited and ener-
eetic. and Charleston SHALL like phoenix, rise
from her ashes and desolatlon. But Charleston
must remain good and pure. No reputation!
BIZ her own efforts she must rise. She cannot
he made responsible for the slime of the specu-
lator. But those that have drank her molner
milk, or that have come to her IN nef pIos-
perity and have been faithful to aer ID her
adversity, they must see to 1t that no slain at
taches to their mother city, the home OF their
children. Five hund: ed citizens, II the hold.
ers will not consent to exchange their past
due stock, each to subscribe for one bono, Will
do 1t, That would be phalanx Of hoEor.a and
true nobility, not founded upon misery and
the sharp pointed spear. nor bathed 10 the RED
blood of human hearts, but upon principles OF
truth, justice and patriotic sacrinces.
1.-THE CITY TREASURY.
The annual report and statement of the
city treasurer will be found annexed:
On the lst November, 1871, there
was cash on hand. nd................$ 8 Ia, 4Sb "
The receipts up to 1st January, 1872,
have amounted to-. l0S,6Sf IL
AHV we're p1s e'................. @ ~. w.. ss,734 80
Bslance on hand lst January, 1872. l9,449 IS
During the year 1871 the city has
received 49,, =.
From real and personal taxes. 5s6,sss 50
From liceuses. s...................... l15,s74 SO
From all ether sources exclusive
lOanS1, o>oHt 20
In all. .s7l2,09 81
THE ClTY SHERIFF.
On the 7th November, 1871 the
sheriff reported in tax execu-
tions of 1870 remaining in his Of
of farms under protest. 2,737 "a
0f Churches and societies, s,86S 80
Railroads.. $500 90
In Ill. ..................... $53, ,4s0 78
The arrears for taxes lst January,
A committee Is now engaged In an examl-
nalion of the Office. I