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 on the dollar. The
effect Of this legislation has not, as was
prophesied it would do, injured the credit
of the State, for since this action has been
taken the value of the bona fdc 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 repudiationists, but that they
intend to pay their honest debts and lop off
the fraudulent ones. The Senate struck out
the enacting words of the bill limiting the
pay of members Of the Legislature to thirty
days, and so the law stands as it did before
the session. Col. Mattison's proposed
amendment to the Constitution, which pro-
vides for elections of members of the Legis-
lature ONCE III four years and sessions once
i'll two years, has 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, so that hereafter it will not be
necessary to pass new law every year.
The election for
SUPERINTENDENT OF THE PENlTENTIARY
CAME off last Saturday, and DR.. T. ]. Lips
comb was elected. Gen. r. H. Anderson,
Maj. r. B. Lee and Mr.. Thompson Earle
were also nominated. The friends of Mai,
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 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 cause of his final defeat. Dr. Lips
comb is good man, but we regret that Mai.
Lee was not elected. 1t is due to him to
soy that he was not candidate, and his
friends down here are entirely responsible
for 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 valid debt resting upon O contract
which the State cannot seek to set aside.
The majority hold that the act creating the
consolidation bonds was unconstitutionaly
passed, and that these bonds are no stronger
obligation upon the State than che 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 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, and be ulti-
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 authority is that he is i'm
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 Column
bia for this session. The legislative session
is over, and has been short one in days,
but long in the amount Of work. It has,
however, been harmonious and pleasant
one. This is especially true OF the Ander-
son delegation, who have been very dill
gent and have not disagreed upon a single
important vote during the term. We are
all glad that the final adjournment will. be
had tonight, and that tomorrow we will
once more be among our friends in Ander-
son to enjoy the Christmas holidays.
E, B. NJ.