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

Bills will most probably fund them into
bonds at fifty cents OH the dollar. The
effect of this legislation has not. as wa,
prophcsidd it would do. injured the credit
of the State, for since this action has been
taken the value of the bond Jftic bonds Of
South Carolina has been raised three cents
on the dollar, which shows that the capital
lists are beginning to understand that our
people are not repudationists, but that they
intend to pay their honest debts and lop OF
the fraudulent ones. The Senate struck out
the cnacting words Of the bill limiting the
pay of members Of the Legislature to thirty
days, and SO the law stands q. it did before
the session. Col. Mattison's proposed
amendment to the Constitution, which pro-
vidcs for elections of members Of the Lcsis-.
laturc once in four years and sessions once
in two years, las been postponed to next
session, but from the present feeling of the
members We think it is pretty certain to
pass. The lien law has been indefinitely
extended, 80 that hereafter it will not bc
necessary to pass q new law every year.
The election for
SUPERINTENDENT OF TIE rESITESTIARY
CAME of last Saturday, and DIR. Il. J. Lips
comb was elected. Gen. X. II. Anderson,
Maj. T. i. Lee and Mr.. Thompson Earle
were also nominated. The friends of Muj.
Lee secured the signature of majority Of
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 Il resolution to
elect, and succeeded in bringing influences
to bear sufficient to defeat him. OF course
having started out ahead, the friends of
other candidates felt that he was the man
they had to beat, and his original strength
was the caIlse of his final defeat. DIR. Lips
comb is good man, but we regret that Mnj
Lee was not elected. 1t is due to him to
say that he was not candidate, and his
friends down here are entirely responsible
for mentioning his name.
THE BOND coIHr DECISION
has been rendered, and the majority, COLI
sisting Of Judges Thompson and Aldrich,
agree in declaring the fraudulent portion of
the debt of the State void while Judge
Hudson holds that every consolidation bond
is valid debt resting upon contract
which the State cannot seek to set aside.
The majority hold that the act creating tho
consolidation bonds was unconstitutionally
passed, and that these bonds are no stronger
obligation upon the State than the original
bonds which were exchanged for them.
The decision virtually sustains the bond.
commissions report and if carried out wills
save the people about two million. dollars.
The decision was entirely unlocked for, and
the friends of the bondholders are very
much put out with it, although they hope
for better luck in the Supreme Court.
WHITTIER they have appealed. The case will
occupy two or three years in litigation, and
in the mean time the people of the State
will have breathing spell, aud be ulti-
niately 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 authority is that he is inl-
proving. He says that he has passed the
crisis, and will get well, which is . very
favorable indication.
This will be our last letter from Colum-
bia for this session. The legislative session
is over, and has been short one in days,
but long in the amount Of work. 1t has,
however, been harmonious and pleasant
oh,. This is especially true of the Ander-
son delegation, who have been very dill
gent, and have not disagreed upon q single
important vote during the term. We arc
oil glad that the final adjournment will be
had tonight: and that tomorrow we will
once more be among our friends in Andcr-
son to enjoy the Christmas holidays.
F. H. NJ