The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-05-22

OF the forest and await slow decay,
for replacing fields worn-out by q
wastefnl culture, while a timber fa-
mine threatens other sections of the
country, and q thousand forms OF
woody fabrication can be transmitted
into gold-at least, into greenbacks,
which seem to be preferred to gold in
certain districts. Even the forest
l"nds-coTta;nly those of the coast
belt-are covered with wild grasses,
only partially utilized, which, in con.
neotion with the herbago of the prairie
sections, nre worth, in flesh and wool,
ut meagre estimate. half the value of
the cotton crop. The list might be in
creased indefinitely. With the intro
duction OF the best machinery, the
most econo mical III methods and the most
efficient means Of fertiliz,tio with
well-directed and persistent labor,
adapted to the wants Of all classes OF
workers, the present population is
amply sufficient to double the gross
product of agricultural industry, and
far more than double it's profits.
STATE BoSDs. Treasurer Car
, doza bus put forth the following "cir-
cular:"
The Treasurer Of the State is now
prepared to fund, at the Treasury, in
Columbia, S. g., the bonds and stocks
OF the State authorized by the Legis.
lature under tho funding Act, ap-
proved December %, 1873, into the
consolidation bonds and stocks. The
following ciasses of bonds and stocks
are authorized to be funded:
STOCK. K.-Revolutionary war claims;
Charleston Fire Loan; construction
Stute Capitol; fnnding past due interest
aud principal; conversion State securi-
ties.
BONDS, -Char.eston fire loan; con-
struction State Capitol; aid to Blue
Ridge Rlllroad; funding past due in
tercst and principal; redemption bills
receivable; payment interest public
debt; funding bills Bank Of State; re-
lief of Treasury; Land Commission.
The following bonds issued under
Act OF March 23 ], 1869. entitled "loan
Tor the conversion Of State securities, I"
are also authorized to be funded into
consolidation bonds;" they having
been duly exchanged and represented
by bonds on file:
Denomination 81, 600 Numbered in
Red. Numbers l to 5l9 inclusive;
numbers 52l to .l30 inclusive; num-
bers = 40l to 2.475 inclusive.
denomination 81, GOO Wandered in
Bluc. Numbers 3.27l to 1896 inclu
sive; number . .49S.
Denomination $500 Numbered in
Red.-Numbers l to 237 inclusive;
numbers l,0Ol to 200.
denomination 500 Numbered in
Red. Number to l20 inclusive.
The Legislature has declared that
the remainder Of the &C diversion bonds
were put upon the market without any
authority ol law, and
ere absolutely null and void"
The funding law referred to above
requires that the holders of tho above
bonds and stocks should exchange
them, with the accrued interest to jan
uary l, 1874. for Generalization bond.
and stocks" ut fifty per centum Of their
lace value. The consolidation bonds
and stocks" bear interest from Janu.
ary |, 1874 The interest due July l,
1874. Will be paid ut the Treasury, in
Columbia. South Carolina, and the
National Park Bank, Now York. Par.
tics who desire copies Of the funding
Act can obtain them by applying at
the Treasury.
A couple of drunken sooundrels,
named Cozart and Thomas, who at.
tended the knights CT Pythias picnic
at Atlanta, last Friday, quarreled on
board the train, and several shots were
fired in car full of ladiee and chill
dren, one ball wounding lady. The
scene was indescribabie. Both men
were arrested.
In the death of DIR. De- Witt. New