The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1875-03-14
COIIJllBIaAs u.s. G.
Sunday Hsrninf March l4, ls7s,
The dEes.d 81 ths xtasfney "a snsrat'a

AovAce 70 VcSospEOf OeFo0zose,
In his reporkto the Legislature, the
Attorney. General, in connection with
remarks upon tho case OF the State er
relations Morton. Bliss & 90. vs. 8. L.
Hoge. makes some fetsrapee to the
facts, as reported tohim last Jane BY
Senator Dunn. which, it was claimed.
invalidated considerable portion of
the bonds embraced in this suit and
included in sheterms of the consolids-
tion Act. He says, ''several matters of
objection we're presented, which. under
other circumstances. would have de-
manded serious co'.sieleration-the chief
OF vhiaa wss the allegation allegation ..hhs. these
bonds were hypotheoated or sold utter
the time limited by the several Acts
under which they were iesued." Tho
Attorneys General came to the conolu-
sion. after consxlsdaion ,oiM tho STATE
Treasurer, TO decline 70 take tho pro-
posed Act!Hh. fairgrounds we're, chat;
it might operate to impede or hinder
the successfnl accomplishment Of the
funding. scheme. This il would do,
first. BY impairiog confidence in the
settlement; and. seoondly, supposing
it to bsfe.6bshSd, ~ afofdihg ID NE
holders Of the fraudulent and repudi-
ated bonds the opportunity to include
their claims. and -thus increase the
debt slmest indefinitely.
We.hsvs ite3iPisedy dyom, Nqsas Of
Geneaaf incfd6s shdt It's pdfpurs max
be more particularly marked and
weighed i X Sseasso; ;us 4 Essn that
the eEs bfpSssiph psssentsd ,by
the committee were serious in his
view. bat that. after consulting the
Treasurszs-ths1.1sre .sssr.salsd; -==so4
less itdpoftascs thsn tls injury which
the funding Aot would probably re-
ceive, Il they were entertained. As he
further ON SsyS 10 slSss Va Argument
more plainly. Without, Sosuraoy sas to
figures, tho proceeding. xQuld at best di-
minish the amount Of debt by less than
ST. .ooQ. 900 % shS one hsnd and would
probably. on the other Rand, increase
the debt by more than S3, 600, 900.
We have right, ,toanfer tsom &hii.re-
porstEi. the AttstASy. Central chose,
to look not'at the distinctive character
Of the bonds. vhoseN legality was
called in queation.by the investigating
committee, but the supposed ill effect
and danger Of refusing TO fund them.
He struck the. balance of, Loss which
the ssssss s2isht Asuf Il funding
thsm.fsith the, probable lqas and in
jury which would result 10 tho funding
scheme,,H ahsy GSts iei5st<d add ais7
allowed sltogsther.5 Hs, thought the
former the lees OF the two. He coun.
and :; ppia,sssi5s .ssia:a 4 hes@ p1a'i; q
the cherished sohsme Of funding ths
public debt, thakths funding OF bonds,
which tho committee has reported m
not binding obtfgation of the State,
should 60 on. -These we're .the, cir.
cumstances," wkioh induced him te
look away from txs several matters
of objection. whieE, under. other OR.
oumfah&s. as 6s says. ':sould have
demandsd seriess confederation "
Governor Chamberlain. in his resent
publication, refers to the Attorney.
General Is having expressly defended
and advised the funding Of these
bonds.t But ,ss I'VE have shown. he
did e gponz grounds other than the
validitt tnd legality of the bonds.
The Treasurer vaa,told to fund them,
not ssause vthey.were good and nm
douhfsd claims saainst tho State. bu.
beoaavs refusal 70 do 90 you'd cause
trouhlassnd hurt the StstS's credit,
This beink . rnete~matter ef opinion.
was not 8 safe gr6and upon whi0h the
Treasures could :.!!s!sa.a, g. .. the event hs.
shown, !, "a. 80
The PogrAL GaAxaa.-It has been
statsd; ;thas posta1 sn third olass;maaiI.
able mates, had bsSn changed; ,fsSsm
ono cantOn two ounces 10 ono cent TpAr
ounce and .lr4ptianS ,tkafpofs n m.