Port Royal commercial and Beaufort County Republican. [volume] (Port Royal, S.C.) 1873-1874, 1873-10-23

against any such move. All effort to In
corporate into their bill, anything look
ing to the payment of any amount save
that held to be embraced in the supreme
court decision are crabbedly repelled. 1t
was the report that regular set endeav-
or, to do so, in the matter Of the loan
effected by the joint notes of the comp
troller-general, and the president Of the
bank of the state, (which amounts to
over $500, ,OOO) under de tacto govern
ment,-the act of lS64-providing the
same, made clean break between some
of the strongest of the advocates Of the
payment of the two classes Of debts above
referred to.
There are other embryo bills, provid-
ing for specific payments ola particular
kind of this floating debt, and, jealous OF
their several merits, conflicts will arise;
also, the very fact that high judicial
authority has created the impressiun,
that the Morton. Bliss & Co., classes Of
bonds cannot be subjected to the scaling
process, raises question that will be no
easy matter to settle; that the foreign
bond-ho!ders will 60 into the United
States Court, too, if the levy is ordered
on any particular class, there is no doubt
The bill, known as the ''lost," will
probably be ratified and approved early
in the session, and should the. Comptrol-
ler-General be restrained thereby, from
making the levyrequired by the Supreme
Court decision, another resort to manda-
mus, may be expected ; in such event,
the legisture will probably pass an act
defining the duties of county treasurers,
and auditors, forbidding the levy or
collection of any such tax. At the best,
there are stormy times ahead.
. The project of creating an office, to be
known as Auditor General is receiy-
ing favorable consideration in nearly
every quarter; the duties, will be to
regulate the payments of the treasury.
The aspirant for the position is Mr.. d..
Noah, who has become very familiar
with such duties by long association with
business affairs, and who is popular with
both branches of the General assembly.
The question of pay for the extra
session has been discussed, and it is the
opinion Of legal gentlemen that sec. % OF
art. II of the constitution allows full pay
to the members under the present call.
FINANCIAL.
The greatest endeavor Of everybody atthe
present time is to relieve the pressure, "
a thing the immortal u. N" failed to
do. All kinds of means are resorted to, to
accomplish this, the last being the recon-
mendation, it is supposed originated by
the governor, to issue one million Of bills
receivable to pay taxes with. Past ex-
perience would lead to the conclusion
that this is not one of the wisest things
ever done. The forty cents on the dol
lar business, is to use homely but COM
mon expression, about played out. y
Colonel Childs, the president Of the Car
olina National Bank, having failed entire
ly to raise the wind in New York, aud
the action of English capitalists in ad-
vancing for the removal Of the wheat
crop, before touching cotton, having
opened the eyes of those who believed
cotton was king, no channel would be left
unnoticed, if there was the remotest
chance tor any improvement in the pres
ent Strengthened financial condition.
UNIVERSITY AFFAIRS.
The pot continues to boil in the South
Carolina University, and the old residents
would have the outside world believe the
institution was forever dead. Such is
not the case, judging from the number of
young men who are matrlculating 1t is,
however, under an entirely new regime:
the present trustees are infexible, and
the university will either prove eminently
successful. or a disastrous failure there
will be no half way business about it.
TYBEE.