Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1874-03-12

morialit is stated the Democratic members of
the Legislature "hed caucus and unani-
mously resolved not to participate in the pro
ceedings of the convention, and addressed
letter to the president, advising against the
calling of the convention, as unwise and inju-
dicious." Upon seeing this, the Democratic
members of the Legislature published card,
under date of February %, in which they say :
"This statement is not true. 1t misrepre-
sents the sentiments and action of the Demo
cratic members. They did hold a meeting,
and addressed a letter to Mr.. Porter, the pres.
ident Of the convention, and the Executive
Committee, in which they expressed the opin-
ion that the time fixed for the meeting was in
opportune and their reasons therefor stated.
No resolution was adopted "not to participate
in the convention but, upon the contrary,
several who were members did participate
therein" ~
Adjournment of the Legislature.
- Both Houses of the South Carolina Leg
islature have agreed to adjourn sine die, on
Saturday next, after having been in session
for nearly FIVE months. The resolution to ad-
journ was adopted, however, with q proviso
that the General Assembly could re-convene
upon the call of the presiding officers Of both
Houses In regard to this provision, the
Columbia Uaion-Herald, says:
"Mr. Meetze, the Chairman ofthe Judiciary
Committee, rose and said, in substance, that
the signs of the times indicated very serious
financial condition of our affairs that the
most essential work which the General Assem-
bly, had accomplished was the settlement of
the public debt and that if the Legislature
adjourned without some provision for re-as-
sembling, that settlement was in danger of
being overturned and nullifed. The bond
holders, it seemed were many of them unwil-
ling to accept the terms of the legislative set
tement, and as soon as this body would ad-
journ, would apply to the Supreme Court Of
the State for a manlamus on the Comptroller
General to levy the tax to pay interest on the
conversion and other bonds that if the pre-
vious action of this Court was any criterion of
its opinion on the question of the bonds, the
decree ordering such levy would issue.
Therefore, he hoped that there would be some
way provided by which the Legislature could
re-assemble upon the call Of the majority.
Mr.. Meetze appeared to argue that the re-as-
sembing of the Legislature might be necessa-
ry to save the people from the grasp of the
extortionate bond-holder and spcculator."
So soon as practicable, we will lay before
our readers such Acts and joint resolutions,
passed at the. extra and regular sessions, as are
of general interest to our readers.
The Bankrupt Bill.
- The majority of the House Judiciary
Committee have heretofore declared in favor
of total repeal of the bankrupt act. Now
that the bill in reference to the act, with the
Senate amendments, is before them, the dis
cussion comes up again, and will be thorough,
if not prolonged. There are no indications
that the majority in committee have under
gone any change in their views, but the popu-
lar demand in the country for some final ac-
tion of Congress in reference to this important
question, has convinced them that there must
be some agreement by which their views must
harmonic, in order to get the bill again be-
fore the House in shape likely to be adopted.
On the subject of the proposed amendment or
repeal of the law, the Washington Repubh.
can says:
"Our attention has been called to very
important change in the bankrupt law pro-
posed by the Senate substitute for the House
repeal BILL 1t provides that "no voluntary
bankrupt ptshall be discharged unless his assets
are equal to thirty per cent. of the debts
proved against him which he owes as princi-
pal." The law now provides that no bank
rupt shall be discharged unless his assets are
equal to fifty per cent. Of the debts proved
against him which he owes as principal, con-
tracted since the first Of January 1869. AS
the law now stands bankrupt can be dis
charged from all his debts provable in bank
ruptcy which we're contracted previous to the
first Of January 1859. The effect of the adop.
tion of the Senate substitute by the House will
be to deprive the Southern States of any relief
in bankruptcy from their ante-war and war