The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1873-11-19
sEsEEiatixs.


luce theyolume oEthe bonded debt and
provide for the payment OF the interest
on it, is on it's third reading. A bill to
make appropriations for the payment of
the expenses of the extra session, was
discussed yesterday aud adopted. It
provides for the appropriation of $76. 600
for the payment Of members and sub
ordinate officersAnd employees. The
sum of &50.000 is also appropriated,
under this bill, for the current printing
OF the extra session. The bill to raise
supplies for the fiscal year next came up
for consideration. There are two ro.
ports, one from the Committee of Ways
and Means, and q minority report from
the committee, signed by lIessrs. ]. II
Cochran aud r. NJ. Smith. The differ
enoe between these bills is slight, SO far
as the amount which it is proposed to
raise is concerned. One (the majority
levies tux of sixteen mills; tho other
minority seventeen mills. The amount
Of one would, upon the usual valuation
of taxable property, be S2,400.0OO; of
the other, $2.550,0 The bill of the
minority is better hedged about with re-
strictious as to the uses to which the
funds are to be applied. It contaius
provisions to set apart the taxes arising
from the different Ievies, and to apply
them strictly to the objects specified
Upon motion, the minority report was
read, and the bill annexed put upon it's
pa.sage. Mr.. w. II. Wallace, of union,
hoped that it would be postponed, Mt
least until the regular session. There
were no circumstances which demanded
or which justified any notion upon it
now. The information which it is ne
cessary that the Legislature should have
before it was still withheld. The Trca-
surer's report was only j"st now re-
ceived; the Oomptroller's had not yet
been sentin. It was important to re-
ceive and give careful consideration to
these reports. The tax bill looks to tho
future, and must be carefully arranged
It is not meant, or should not be meant,
to use any Of the proceeds of the taxes
at present. Arrangements were made
to pay current expenses in some other
way. There was no need, therefore,
and no propriety, in pressing the tax
bill at this time. The bill proposes to
proceed in the dark, and without know
ing exactly what for, to raise larger
tax than ever was raised before in South
Carolina. 1t was reckless aud wild. It
was unjust to the people and to the Le-
gislature itself. The people will be
ground into the dust. They are already y
oppressed with evils and trouble, arising
from the. financial stringency and tho
low price of cotton, under which they
could hardly stand. Such O tax as this,
with u,defued q objects, added to the
amount of the foating debt Of So. 900, :
600, would completely PROSTATE the
country. Mr.. Wallace spoke earnestly
and eloqnently in deprecatng the hot
hAste with which the bill was pushed
forward. Its further consideration was
postponed. and the House adjourned.
-S%
The BANK BILL CASE Tho con-
Guiding portion OF The decision Of the
Supreme Court of the United States, in
relation to the bills Of the Bank OF the
State, is in these words:
Upon the whole case, We arc clear
that the judgment must be reversed, aud
mdndamus issued TO the Collector
directing him To receipe in payment IF Ne
relator's Mce s tAe. bills o0ered by him."
Tho Union-HcraM thus comments
upon il:
I'VE havo heretofore Indicated that
the text, when received, would proha.
bly, modify the calamity of this decision,
and we arc gratifed to observe, from
the language quoted, that our cxpectu-
tons have not been misplaced These
cases practically involve only about
Sll 900 in amount; and, innsmuch as
tho decision turned in reality npon the
questionable verdict of Jury in
Charleston, that tho bills involved acere
not issued in aid Of tie rebellion, it re-
mains for others holding bills of tho
Bank Of tha State To un1.rco s;,,, a., :.