The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-10-21
COLUMBIA, S.. G..
Tuesday Morning. October 81. 1878.
Measures OF LegtsIation.

meet to-day, in extra session. The
grounds for its assembling, as stated in
the proclamation of the Governor. are:
1. That it shall supply the omission OF
the General Assembly, at its last session,
to provide the annual tax, by enabling
the Comptroller General, before tue
18th OF November. to give the necessary
legal notice of the rates per cenlum OF
the taxes; q. That the decision OF the
Supreme Court Of the State, which re-
quires the Comptroller General to levy
rate per centuns Of taxes to pay interest
on certain GLASSES of bonds, and to do
which requires legislative action, shall
be carried ont by that action; aud 8.
That the General Assembly shall take
into Immediate consideration the oondi-
tion OF the public debt OF the State.
We learn now that that the financial
distress will also form subject Of
Executive recommendation for its re-
lief by the issue OF 81. 100000 of bills
receivabl.. Thefe onn be made of ion.
mense advantage, if proper restrictions
are placed upon tho issue. We shall
look with anxiety to see what the LIE.
gislaturo will or can do with these very
grave problems. The question OF the
public debt is one of immense impor-
tance, and all parties appear to be
agreed that it shall be reduced, either
by throwing overheard and utterly
refusing to pay the portion of it regard
ed fraudulent, or by scaling it in such
way as to amount to practical reduc-
tion. The main object Of scaling all tile
debt, rather than refusing to pay the
spurious part. is to save tho party the
stigma of fraud having been committed
by it's trusted officials. Parties inte-
rested in doubtful claims will also have
better prospect, through this process.
OF having the recognized and paid.
A pool can be formed, into which they
will all be cast, to take their chances.
Next to these special matters. the ques.
tions OF manufacturing and immigra-
ton should receive attention. Since
the last session, which failed to pass the
bill for exempting capital in manufao-
tures, only by disagreement between the
houses on some minor points in it. it
has been freely discussed in the State,
and no journal or public man Of any
party has appeared or spoken in opposi.
ton to it. All of every shade of poll
tics agree in its necessity, aud all antici-
pate good from it's passage. So, too. as
toimmigration. There is universal agree.
ment upon the subject. Men, money. en-
terprise, labor, skilled and unskilled, are
more needed now than ever before in
the history Of the State. With all our
advantages. immigrants give US a wide
berth. a fine country, good climate.
renunerative crops. good pasturage.
cheap lands. vnldable minerals, choice
tember, water power unsurpassed, afford
field for industry and enterprise un-
equaled anywhere OIL the continent.
But the tide Of immigration which
flows steadily from Europe, and has in
creased $4,000 souls in the last year,
making sum total of 316.5l4. scarcely
touches our shores. It seeks the North
west. That section is rapidly increas-
ing in wealth and population. We
should make strenuous exertions to
secure portion of this tide. boaring on
it's bosom rich freight of human
brains.. muscle and will. Organized
effort should be put forth to induce it to
turn its course in this direction. We
believe, however, that the surest method
of inviting immigration is to promote
manufactures. The best immigration
measure is to exempt manufacturing
capital from taxation, and, as auxiliary
to it. to open lines of railway to the
Northwest. Men and capital will seek
the fields Of labor which they regard as
safe and pleasant, and which, with the
comforts Of life and advantages of edu-
cation, promise the largest remunera-
ton to toll, industry and wise use OF
npRna