The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-01-17
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Saturday morning aaasTyy Il, r 1874 1871.
AUonstrast,,

AAAssOA uAh nuuudA m6hoAB6 W tu6 Le-
gislatnre Of that State, which met, in
Atlanta on the 14th instant. It is a
plain. earnest. eensible document, re
fiecting clearly, the condition OF = the
State, and containing some valuable
practical suggestions. It is relief to
turn our view away occasionally from
our PROSTATE State. and consider the
evidences which appear in our sister
commonwealths,, Of their, sound finan.
cial condition, their progress in educa.
tion. the development Of their resources.
and the happy contentment of their
people. We give our attention first to
the financial situation OF Georgia, as
set forth in the facts and figures of Go.
vernon Smith. The amount received
into the treasury from all SOURCES during
the past year is IS. .172. 1854; the dis
bursementstfo2 the same period amount
to 50, ,250. .282. 49. The amount of public
debt. principal and interest. paid dur.
ing the year, was 81, 1856, 767.73. Bonds
to the !amount OF 81, 200, 900. bearing
eight per cent. interest, were issued and
placed at par, at an expense Of less than
one per cent. The larger portion OF the
bonds was disposed OF in the State, and
demonstrates the confidence of the peo-
pie in the State Government and the
sound condition Of the public credit.
The total public debt was $8. 8.342, 500
on tho Let January, 1874. Bonds TO the
amount Of S237, 1000. which will become
due the present year, have been pro-
vided Tor in the sale OF eight per cent.
new bonds. The estimate by the Urea
surer sot the probable disbursements
for the present fiscal year aggregates
S2.722.a5 of which 1928, ,46O is for
public debt and interest. These dis
bursements will be met by receipts from
various sources, and q tax Of four-nnd-a-
half:tenths Of ono per cent. upon the
taxable property. which. assessed last
yenr at S242. 4s7, ,3s2. will probably be
increased this to $3.50. 600. 600. The
protested tax will not amount to one.
fourth of what isi,noa being collected
from 1.-The people OF South Carolina.
And when paid in. it will go to sustain
the legitimate wants of government
which lie the choice OF those who pay
Inexamining the scheme OF disburse.
ments for che present year, we find
100000 for the legislative pay roll,
SO. 600 for. the University of>Georgia,
$4,000 Tor the printing fund, $3.50. 600
for the educational fund. These sums
illustrate the economy and care of the
Governnent. How different from those
levied nominally for similar purposes in
poor South Carolina! The last men
toned amount is for the support of
schools in the several Counties, which
N sustains for three months in the year.
All amounts supplemental to this, and
intended for school purposes. must be
raised by local taxation. The people
are thus taught to put proper value
on education by directly contributing,
all over ce.tain amount. for it. The
small sum of only So, 900 will be asked
for tho University. and yet 31S students
were matriculated during 1873. How is
thisp The income of the University, in.
cluding cash balance, was $34, 798. 90,
as thus: From tuition fees. $1O,54O;
from interest on land scrip fund, S1O,-
234.16; and from other sources, $14,.
O24.W. Its expenditures for salaries
were $27, ,383.27; for secondary ex-
penses, S5.518.99. With such re-
sources. it requires but small appro-
priation from the Slate treasury. The
students are thus classified: The classical
course. 53; the scientific course, 26; the
elective course, 10; the sophomore class.
81; the law school, 16; the State Col
lege. 153. The State College Of Agri-
culture and the Mechanic Arts is
an institution established by the fund
darived from the Agricultural College
land scrip. and conducted in connection
with the State University. It has three
departments, viz: Agriculture, engineer
ing and applied chemistry. It's students