Keowee courier. [volume] (Pickens Court House, S.C.) 1849-current, 1878-03-14

township that no. should serye them as
School Trustee James 3: Phillips. Republican
,thaughhe be. will hayo tho maulincss and
patriotism to resign. tWithtAs siGoers wish
that this unvarpished and candid statement
may bo satisfactory. to tho good Democrats Of
Pulaski Township. whoHare hostile to tho
appointment complained Of. l am rory re-
,speetfully your obodoat servant. ,tn.N'' -
i"dpMs d. DBNDY, .
20" !if:'t g W. i Schooli'C Commissioned
RURAL VALE, S. c., March 9Th, 1873.
+ -, g.3,7 oy%A!an /. vvA-sI.E >: 6 'IaS:9s,
'oo'%ATsolur1oN AT LAST x
-, ,3. :n .,.,.: .,.r -
lfow THE LEarsLATURE PROPOSES TO SETTLE THE
kssnr Ar;'J,4tPWVN tPWVND Qgh!SEtte1oS' ~ u. a' "
GRLuMDlA, Saturday, ;NIdroh 9:AFor over
two weeks your correspondent has ,wrestled
with the bond question, and lris relief at the
disposition of the matter viii; 1 think, be
fully shared by tho readers Of, tho Journal of
oonfn'crcc. The subject has been worn
thrcadbaro, but wo can all rejoice at last at its
final settlement. For two aaysIth committee
appointed by tho Democratic caucus has boon
at steady work. No question has ever boon
broughs.beforo a South CQrOlipa. Legislature
which has been as thoroughly discussed as
this question Of tho bonded debt. The debate
was marked for the absence of substantial
speeches or set essays. The matter has
been presented thoroughly and oyery point
involved has been brought out prominently.
Tho reports which have sent down to the
Journal Of ConSh,crcc have been as fair and
sas full It's ltho circumstances would permit,
albeit some Of tho members who favored the
Bond GdHiniissfoh report, Seem tp labor under
the impression that the Charleston papers
did not give fair show to their side. With
this, hbwcSef, tho public has nothing to do;
your correspondent did the best he could under
the circumstances, and with this explanation
fprocccd to explain. proceed to give your
readers, tho result Of the action of the caucus
to-day. e,..,a .
+ 1t had been arranged to close The debate at
thrco o'clock, with the understanding that
Col Simonton should close for:the bond men,
and Mr.. Hood for the anti-bond men. Col.
|,Sin,onton, however, was engaged tho entire
morning in consultation with tho Committee
Eof Oonforenco appointed BY the caucus, and
did not speak. Mr.. Hood However. closed
the entire discussion in u speech of nearly
two hours, during which time, he held the
close attention of the House. His speech was
an elaborate and careful review Of the two
weeks debate and a splendid summary of the
report Of the Bond Commission, This closod
the question. Tn tho meantime, the Commit
toe Of Conference, after three days labor, had
agreed upon tho bpsis nf compromise which
was submitted to tho. Democratic caucus n,
four O'Clock this afternoon and which is as
follows:
PnE.CoMMITREE REPORT.
Tho Committee appointed by the caucn,
charged with the duty Of considering, and il
possible Of suggesting some plan whereby
may be adjusted tie differences of opinior
between the members of the Democratic
party respecting the Funding Act, and tho
report of the Bond Commission, respectable
report: H j@GtHa ID" '&H 'F
|, . That they have conferred with each othc,
and have discussed various plans ofsettloment
and that. they hye, f!hnIly agreed unani>
HaslIy ,s'sIy upon Tho aias'medt herewith sub
.tAs they yha*o seen appointed to suggest
plan of adjusting the bonded" deb. 1f iht
State thcY hayo considercduas' n part Of thr
samc subject, and as avery great measure
ihsoparably CONNECTED ,tharqwith, ;thea ont
standing floating ,indcbteancss, Of tho. .Sutc
The plan of settlement which had. beer
adopted by former Legislature, and whccl
has been accepted by a nfaiufity Of the bnnd
drodisprs of the State, including Barinei Bros
&c Co, proposcd to,the holders of thS ,SMic
bonds payment OF these clnims,atrtlfe ra,o, of
| fifty per cent thereof s,As ia, matter of fui,
dealing. nil the creditors should ho puton The
same footing 1.-The cbmmittcc ha,vo. thern.
fore inserted clause pr6Siag forr tlioo setflc
ment of the floating indebtedness. "'f g"
If these suggestions bio adopted "by The
Democratic party, tho whole DEBT Of tho sSta;i
will soon be adjusted and settled, tbo nni,s mil, :
and integrity Of tho party will 'bo preserved
Il. B. JETER, Chairman.
TIE COMPROMISES,
Tho following proposition is submitted as q
and stocks, and Of the floathg indebtedness O
tho Staternct'h :; ~ ~.
|. 70 levy for the chrfent fiscal year ta,
sufficient to pay Tho coupons and intorcs
and stocks dpribg tthe present fiscal yoar. ''>''
2 TO cbistitnteta Special court consistinc
Of thtco Cif6dit judges, to be chosen by the
Gonetal' Assembly#on the nomination of \
| caucus, who shall have jurisdiction to he;ii
and determine ease !ar .oascs rhado up tc
rest the validity of tho Yarious classos of bbnds
md stock" montiohcd in Tho. report Of the
bond eommissiSn rs mot issued in accordance
with law' and authorized 10 be consofidntcSS
by tho act efl873," and also as F"not fss,ntc,f
in n-accordance With lnw,Y and further r1eIi5.
nated in, scbodulo six ofasaid ,repbrt with tht
| right Of appeal to tho Supreme Court Of ,thc
State and United States I. Tho propriety ,ol
tho appeal on tho part of THO Stafe to, depend