The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1878-12-26

Bills will mos. probably fund them into
bonds at fifty cents on tile dollar. The
effect OF this legislation has not, as was
prophesied 1t would do, injured the credit
Of the State, for since this action has been
taken the yalue of the bona dde bonds Of
South Carolina has been raised three cents
on the dollar, which shows that the capital
lists are beginain to understand that our
people are nos .epudiatiunisis, but that they
Intend to pay their honest debts and lop off
the fraudulent ones. The Senate struck out
the enactipg words of tile bill limiting the
pay OF members of the Legislature to thirty
days, and 80 the law stands as it did before
the session. Col. Mattison's proposed
amendment to the Constitution, which pro-
vides for elections ofmembers of the Legis-
lature oiiCe in four years and sessions onco
III two years, lias been postponced to next
session, but from the present feeling of the
members we think 1t is pretty certain 20
pass. The lien law has been indefinitely
extended. so that hereafter it will not be
necessary TO pass q new law every year.
The election for i.e.'a
SUPERINTENDENT OF THE pENiTENTIARY
came off last Saturday, and DIR. It. j. Lips
comb was elected. Gen. X. III. Anderson
Maj. r. B. Lee and Mr. Thompson Earle
were also nominated. The friends OF Majs
the Legislature for his appointment to the
position, and after that was discovered the
friends Of the other candidates combined,
and secured the passage OF resolution to
elect, and succeeded in bringing influences
to bear sufficient to defeat him. OF course
having started Oat ahead. the friends Of
other candidates felt That he was the man
they had to beat, and his original strength
was the cause of his finnl dafaat Dr. !.!;,s-
comb is good man, but we regret that Mnj.
Lee was not elected. 1t is due to him to
say that he was not q candidate, and his
friends down here are entirely responsible
Tor mentioning his name
-. THE BOND COURT DECISION
has been rendered, and the majority, con-
sisting OF Judges Thompson and Aldricli.
agree In declaring the fraudulent portion OF
the debt Of the State void, while Judge
Hudson holds that every consolidation bond
is O valid debt resting upon o contract
which the State cannot seek to set aside.
The majority hold that the net creating the
consolidation bonds was unconstitutionally
passed, and that these bonds are no stronger
obligation upon che State than the original
bonds which were exchanged for them.
The decision virtually sustains the bond
commissions report and if carried out will
save the people about two million dollars.
The decision was entirely unlocked for, and
the friends of the. bondholders ara very
much put out with it, although they hope
Tor better luck IN the Supreme Cont,
whittier they have appealed. The case will
occupy two or three years in litigation, and
IN the mean time the people of the State
vs.. haNS oIeatulHB SFeli, anu Oe utti-
mately prepared to take care of the State
upon the debt question. The health Of
GOVERNOR HAMPTON
is improving very slowly, and there are
conflicting accounts about it, though we
think the best atithotity is that he Is i'm
proving. He Gays that he has passed the
crisis, and will get well, which is very
favorable Indication.
This will be our last letter from Column
bia for this session. The Legislative session
is over, and has been short one in days,
put long in the amount OF work. It has,
however, been harmonious and pleasant
one. This lis especially true of the Andef-
gent, and have not disagreed upon single
important vote during She term We are
oil glad that the final adjournment will be
had tonight, and that tomorrow We will
once more be among our friends in Adder
son to enjoy the Christmas holidays sta
Il u NJ