The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1872-02-15

in his hands, the Agent is to resign and the
Agency to be discontinued. When this happy
deliverance takes place.. a Banking Institution
in New York is to be designated whereat the
interest on the public debt is to be paid.
| VALUATION.
The second object to be accomplished viii be
effected by a Bill introduced in the House, and
as carefully guarded from the Reporters, enti-
tied Bill in relation to the bonds and stocks
of the State. This little scheme proposes first
q whole valuation of all the bonds of the State
that have been issued since 1868, amounting,
according to Treasurer Parker's statement, in
October last, to S9, ,514, 900, and repledging Of
the faith and credit of the State for their pay:
] ment. This is to be done by a registration OF
| all the bonds and stock of the State now out
standing; which registration is made compul-
sorry, and finally as kind of sugar coating to
make the bitter pill 60 down easily, the Bill
provides that there shall be no further issue of
bonds or increase of the Indebtedness of the
State, unless sanctioned by two-thirds vote of
the people of the State in the same manner as
is required to make change in the COnstitu-
ton.
TO RAISE SUPPLIES.
The next step in the programme is to raise
money to cover the deficiencies created by past
extravagancies. This is to be effected first by
the passage of an Act to amend the tax law,
which will provide in effect thas there shall be
general sale of all delinquent lands, within
ninety days from the passage Of this Act, at
which the State is to give to the purchaser q
guaranteed bona fde title. Second, q general
license law is to be passed. which will be, 80 to
speak, big thing in itself This is to fix the
price of State licenses at such rate as will
amount almost to q prohibition in some cases,
and nice snug little sum is to be raised there
by.
= This portion of the programme Is 10 be car
ried out by an amendment tackled on to the
general Appropriation Bill, authorizing the
State Auditor to levy tax of fifteen mills on
the dollar on the assessed value of the real es-
tate in the State: The tax thus levied is to be
appropriated as follows:
Six mills on the dollar for current expenses
-Four mills on the dollar for the payment OF
the interest on the public debt.
Five mills on the dollar to meet the dehcien
cy in the revenue of the State for the year end
ing October 81, 1871. 81.
In addition to this, the County Auditor oi
the several counties in the State are authorized
to levy tax of 81 mills on the dollar for coun
ty purposes, making in all total tax of IL!
mills on the dollar, as the tune to which the
taxpayer is to be bled. Of these measures
only the two first named Bills have as yet beer
introduced, but the others will be forthcoming
in due time, and then indeed the work of tht
Legislature Of 1872 will have begun in earnest
a RAILROAD CHAPTER.
The Metropolitan sensation having died on
and its authors gone home to other fields o
usefulness, the lower. branch of the Genera
Assembly managed to-day to find time to at
tend to some of the pressing calls upon its trail
i and when the Committee fist was called owe
for reports there was perfect rush of report
: upon schemes legislative and otherwise, which
have long lain dormant in the pigeon holes o
the various Committee rooms. The particula
. channel in which the reports seemed TO fiov
, was the railroad business, and the Railroad
, Committee flooded the calendar with the thou
|, sand and one Bills which had accumulated du
ring the present session. 1t will be observe'
that these are, in most instances, franchise
!, gotten up for sale, and glance at the list o
J, incorporators will at once carry the convictlel
i that not one in ten is bona fdc affair. Th
> following is a list of the most important whicl
], were reported on to-day: 49,: f
], COLUMBIA, wALTERBoRo' AND TENNEssEl
!. ~, RAILROAD. a .a
This is an old project, and the Bill. simpl.
amends the charter previously granted.
THE HoRRY, MARION AND ROCKINGHAM RAIL
q ROAD.
4 The incorporators of this Road are Thos.
Dunn, Jos. r. Walsh, w. E. Holcombe, Jas. S
Burroughs, J. E. Dusenbury, Joel Allen, ]. c
j Sellers, L. D. Bryan, F. A. Higgins, Johr
Douglas, W. F. johnson and George Litch
}, field, and the proposed route is to extend from
j Little River in Horny County, to the Nortl
j Carolina line, passing through Marion ant
] Marlboro Counties. Authorized capital ON
= million dollars. %.
i THE LITTLE RIVER AND iCHERAw RAILROAD
q This road is to- run from Little River to Che
! raw, crossing the Counties of Marion aud Marl
Z boro between the Great and Little Pee De
n Rivers Capital stock to be one and hal
Z millions, with power to increase it to two and
4 half millions. The PECULIARLY about this Bill
.i is that it is perhaps the only railroad whicl
8 does not contain legislative names among tn
J, incorporators. T
L.. THE BULL. RIVER AND PORT ROYAL ROAD
t is per contra an exceedingly legislative incor
, poration.' The Bill authorizes Robert Smalls
. Senator, and w. J. Whipper, N. B. Meyers, J
, B. Bascombe, Sam Greene and L. B. Thomp
son, members of the House, with the friendl.
, assistance Of as many more outside barbarians
to construct railroad from some point on Bull
River, to a junction with the Port Royal Bail
road, at OF. near Whale Branch. Capital stool
one million dollars.
! BEAUFORT HORSE RAILROADS.
This is a more modest enterprise under tn
same management as the above, which is tt
construct horse railroad, in the City of Beau
fort, on an authorized capital of S25,000.