The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1873-03-12
THE SCHOOL FUND.
SOALE SOUND views 2FROMi Il
j.. ..a. STATE OEFICER."Ha1''&r
Especial Correspondence of the Char
|, ",'-: lesion Courier ''''''' 20

I .,I,: lesion Courier ''@ ''''
COLUMBIA, s. G., March 1st, 1873.
That. the session Of ll872I'73 has
adjourned JIG a matter Of congratula-
tion.. And that it has adjourned with
out doing as much mischief as was to
be feared is also . matter Of congrat,
ulation.. BUTT is not at all certain
that this sameiLegislature has cover.
ed itself with any considerable
amount of glory. In fact, il may be
said of it that it has, indeed, Tdone
many thirgs which it ought not to
have done" But its chief sin has
been in "leaving 'undone those things
which it ought to have done."r The
defeat of the bill 10 encourage the
rebuilding of the burnt district Of
C harleston, and of several other i'm
portant m measures, may be attributed
to that peculiar perverseness that al
tains to such, perfection in, the make
up of our sable legislators. The
greatest sin of omission, however. for
which the members of the General
Assembly will have to answer is their
failure to pass the Bill providing fer
the registration. Of, the :, Bonds,
Stocks and Coupons of the, State. /
d. This WIS pet measure of the Ad-
ministration. The party stood pledg-
I'd to ascertain the exact amount of
the valid debt Of the State, and upon
that plank il the platform made. a
sturdy fight in the last campaign.
That large and muchly feeced crowd
of victims, the creditors Of the State,
and the Taxpayers, too, had right
to demand, this, and the party was
profuse in its pledges to do it. There
is no manner Of doubt that the Ad.
ministration desired this, and it is
also equally certain that they exerted
themselves to the utmost TO procure
the passage of the Bill. It is gener-
ally supposed that the Bill was de.
teated by the cupidtty Of the mem.
bers which induced them to vote
down every Bill that did not give the
job of. registration to q committee OF
themselves. But this, l am sure, was
not the true cause Of the defeat Of
this important bill. 1t was defeated
by a~a 'Hc ,o;oa,r - "4s. ed
THE POWER OF. K1MpToN .,ss3
and the influence, of the old admins
tration, who did not want an investi
CATION, and who resorted to a liberia
distribution Of the usual means, !"harc
cash." to defeat the Bill. This il
well-xnown to the present admiuis
tration, and they do not hesitate tt
acknowledge their defeat, A promi
nent official in conversation will
the correspondent of the Courier
acknowledged the fact and confessed
that the passage of the Bill had beer
prevented by the use Of money. Tha
stupcndous swindle of the last session
known as the Validating Bill, whicl
authorized the registrationofthe bond
was a jobitself The registration o
sixteen millions of the worthless pape
j of the State a. ope: per; cent. amount
to the neat little sum of 8l60, ,O0O.. Th
commercial warehouse at New Yorl
have already registered 81, ,OO0,0 900 70
which they charged one per cent
There is no doubt of the fact tina
Kimpton, TINT seraphic agent, VIII
has been 50 badly used, is at the bot
tom of this job and that his, object il
defeating the Bill ID question is t
retain this job for the 'warehous
eQmpapy.fawc o. ct .I9J. t.a J!
1t should be mentioned here tba
while the: Warehouse. Company il
New York charge one per cent. 70
registering The bonds, the Carolin
National Bank, of mbia, onl.
charge one-tourth of one per cent. =.
The correspondent of the Courier
lin December last, had q lengthy in