Port Royal commercial and Beaufort County Republican. [volume] (Port Royal, S.C.) 1873-1874, 1873-11-20
EDITORIAL CORRESPONDENCE.
COLUMBIA, S. c., Nov. l6.

COLUMBIA, >. u, NOV. 10.
Both houses adjourned on Friday un-
til Monday evening 1t is thought that
the general assembly will adjourn sine
dieon Thursday Iext, that is until the
25th inst, when the regular session be-
gins.
The bill to raise supplies for the pres
ent fiscal year was reported in the house.
1t proposes a tax of sixteen mills-seven
for state purposes, four for deficiencies,
two for schools, and three for the coun-
ties. There is nothing said about inter-
est on the debt. Gold, silver and nation
al currency are declared receivable for
taxes; no mention being made of the
bills ofthe bank of the state or certi6-
Gates of Indebtedness, and yet the extra
printing bill for S225, ZOO provides for the
issue of such certificates receivable for
taxes.
The bill to scale the undisputed bonded
debt down to forty per cent. of its face
was passed by the house, amended so as
to entirely repudiate the conversion
bonds. If this bill should prove accept
abe to the bond holders our debt would
be reduced to less than five millions Of
d liars.
No effort was n ade by any one to pro-
cure the passage of this bill, and no one
opposed it. Kimpton was here and free
" declared that he did not care ten cents
what figures his bonds were scaled to, as
none of them would be surrendered at
less than their face-in bonds. If South
Carolina wanted to discount her bonds
for cash, he was ready to sell out at a
Reasonable figure, but as no bonds could
be issued which would be superior to his
they having been rendered bomb
proof by the supreme court decision-he
Was Indifferent as to the action of the
of the legislature.
In regard to the conversion bonds he
thinks 81 liar decision could be oh.
tanned for them. He saws that there ex-
lists no power TO repudiate bond of the
state except upon a legal investigation
and the proof OF its fraudulent character
in court. lie says he convinced one
| -i,lH,ur.-- composed pretty much Of
the same men as compose this one-lhat
the conversion bonds were all right and
he thinks tha, the same arguments would
convince this one.
The decision of the federal supreme
on the bills Of the bank of the state
is entirely ignored. The excitement
which it occaSiomcd at first has entirciy
died away. Probably some bill will be
brought forward soon soon, TO govern the
action of state officials should attempts
bc made to compel their reception for
taxes.
General Robert Smalls made speech
on Friday night, against the attempt to
grab six hundred each for the extra SEES
sion. lie believed that having received
SIX hundred dollars each last spring they
could not legally demand any more for
this years work. They will doubtless
vote them. elves six dollars q day and
mileage for he extra session.
The request of the county commission
erS OF Beaufort county for the levy OF an
extra mill tax beside the regular levy of
three mills and the two mills for The pay
nent of the county debt, is uot likely to
De acceded to. The bill to allow them to
advertise for proposals for the purchase
If outstanding county checks and their