The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1878-02-14

| tsW TNin oIeetsI ava filasie sH1jf tliS came
Legislst'iie or npot che sapie subiect. &
/ !eiaung expressly 70 the same point en-,
lolnfed ios the eaEie reason. ~ ! ID to be-.
inferred that q co06 Of statttes faiiitifl9
! 20 one snbject WIS governed by. one Spiris
apd policy, and was Intended to Be son.
stttgea tsa harmonious In its several paris
and provisions. IL is, therefore, IN esb
| sapiisned rule OF lew that all acts ptltf
.sate7s6 arc TO DO taken together IS IL
1 tney were one law, and they are directed
| TO bo compared In tho constrIctfon ~
/ statutes. becanaa tleu ere :.
| framed upon one system and hayins ors "a
object In view. y 3'!7s & Big
The orainsaee. In The iudgtnentofll die COM
| tnissi ~, being of paramount en.hoff.y. shov
regard the lastle bonds under the acts sfort-
said, known as Land Cominibsion b3nds Z.
having been insued contf fary to tbs IS E0y:s}aiir
ct theotdinaacss ah well ass d ac.s sfS,fras;g
ana. thsreiore, without, aptheFityso Law.
as 10 HILLS ~ ) REcEIy DIE ,aolsps.;
IEe act 70 authorize loan TO redeem the
IobiigationS known as the bills receiyabIe nf
tAes State OF South GsfSl lima atlthofskeJ flse
ltioyeEnor 70. borrow on coiiboka honda & Io-n
not 1ceeding $500, 900 iof aa much thereof
aa he might deem necessary, to redeem me
/ bills receivable. ~ Z = sssts
L ,Mhoie ne Mhoie aiaouns OF pll receivable issued
fsnd sontssa.saiag was 1900 600 Is lbL tlio
bonds lsa,,sfl lfins.as the act syereNll sold dat70
not exceeding Sz2a, 900 81 them t5 sd,iss iSsS
the'anieunt necessary to redeem the bills "a.
ssiya5le M 81 The leetnal issue OF fSoetis was
SpoV 00p, bsing 81 ,0G0 more thai, was ne
eessary and the commission are pf' onfnihr
tiiht tiieDo STi 600 OF ionda tsas iSsiiei az
cess ofwhatthe act aGtIoi ii .sis IlinSl5f,si,
h,oweyer, as the conamieiioni are snable to
designate the numbers Of sha bonds is4ned
In excess, they have placed the whole eiiioant
OF bills receivable bonds which were in an Z
other regpecae fupdahis among tho valid
zb no filRoiiSSiTtaa S4Ios.
The commission deem IL their duty d. ~,
the special attention OF your her IA bs,fi.
les TO the fact ascertained as Tho otItsts os
thlls inyestigasiap, that fbe folIoBin bonds,
SsoS e Sis; @,h. sor EfdempsiSn ils receivable,
1000 900 relief ce treasury. 81 coo ono
Land Commissioa act 1850, f560, ,O0a sf,ard
Comrnission oct, 1870, $500 OaG. ygera mt
upon tho market in disregard or seS.tihn 4 q n
Article 8, OF the eohsti witch feT,i,Tss
that III correct registry Of Ill srSeh bonds
ahail he kept by the Treasures IN iitimerieaI
oFder, so 40 always to exhibit the nun liar Z Z
and amount unpaid, and 70 whom eeyefafiy
lIhnde payabia.' # ~ ziI.s! b 81 80
i. That Q registry oftthqsei ibapls vas never
mate is shown by the eyideane -, y, NJ
Fal &er, zotmer e !tcf. i,.i M 81 III flis
liis:chief clerk, which evidence Il Rpg5E6il. =
sdiheFe and made Ia part of this reI,6st. y
hat effect this want OF. coll =: I: -. y
piaia Cuiutieu lorlsi requirement would have
upon she validity Of tie bonds re q ltS;
The cen, nslssson snbEai decision 10 go,Ir
honorable bodiea. It would eeas,, hoTssySsr:.
that the Trainers Of the eonstitd inn sastiired I.
this fegistratioh to DO Kept, not oiiiy iIs "a
|recordi ~ the sexamira lion of as hichsflse y
2utsstapaing obligations of the State could I.
be, readily aacettained, but also that fhosa
dealing with the agent8 oY The Etafs or Il,
s7zz.sA Hs17zzsA ssess=sl r.:
record, protect themselves from the iiIniiSI
sition OF bonds imp propesly pIis iupon the
market. This view eeetns to Be SiIiISlnSocrtei (
by the deciaion Of the eutrafae Cont Iis IIie
case OF Morton, Bliss & Co. vs. .Comnsrn1Ier
General. The effect of o departure from,
faisEF.:t5 @ .;ssisiy $, OF s
.hs cog ..i5tnfipI .5I spes not renr 10 have
been raised, and was not, tleFeiofe, decided
ss.ais y fes court; In sPssiing hpToy
slivared the opfnio1 of stte uofsti g a;tifs: s
This section determines both, tiiia evife1ca
that shall ensitle tho public cre. ..Sr. md Z
TINT which shall guild eIne exesutiy
In all deties per aitssng b. such
hrsg. zinc creditor mug R9 d fo,ATilSi ar
certain character and 1diiEt s and tliG ex et- s
ntLve officers muAt test liG llifs &c E5sis
evidence Of dsbtily tbs OH Eiai registry re-
quired by che constitutions aalort0sI. Bsiss
q 20 ,ys. Con ptrolleE g eaiefal,
ttltln this connection the soinsnfasied ;rs-s;
epeotfnllsS GILL thu aaidniion off sycnrl iionor-
abie ibod.es tpazis act, eflti ed AM ncefTz.
latlng 70 the 5otida nf shs Glskes ~ sse..si.
tsarolinasg approved Marc. IS, q aISd
known rs The idalin9 nesy THE t,sls,
Enga of th.a 90. sc Sc 2i
glariiies, a;ia So put which
hatd arisen wh issne4 were ii IstIict
c93ftdrtas:y g tpt the pfosi ions Ell Che said 4
ssVsEsi, act9 gnster hey yespee
{syesy isausg ~ .he to tllsg
d6ubts had hrissn Wefe "a iifne ind Il.
among hem tTara al tl.a 81 aljoye "a SIs-
ttiohed as not having been lei Efcd In MS Y
tdrdaheS With the c0ist 4 TIT idiisl. 5rsoiifs.
nsen!ss Rhe 81 session DsF tifiia stct pEdSidks
sSIhat each and an 6s tiiss. boiids famed
IN the said annndt srepo of the
Of this State fop the fseal y ysaf afaaina
slcteheg 81 as7 q be md tl.E sle 80 iEeres
~ W usans ~ ~ Y ~ 1tsSt ara yAlfC bonds OF
the btafe Of south, linn, for she pay
rfent ssIIs. 81 - 4
the s3iete have keeS. and era ~ n Aleee:
Provided, a.liet no bonds 10 lnclpd eSi w6icl,.a
are not stored in the TreasIiry as tho g
eimei Of the paea 80 Of tbs at, as rrSSlisisd
for by seotson ] 4, article g. OF tbs cssss.itsI-
ton ,f-clntty 10 finances and fgxntidn. p
by shis pgoviAion of the VALIDATING act. :
tae above nieItioned glasses ,of bofIS.s M
expressly excluded froEi the benefits If aiiE 81
there - be derive fEon that ecs. sisI ssss
Ihe commission invite the attention sss 4
your honorable bodi "a To 1fiis ii,lf fEaf 'iiia
following conaol lon b5Ii dS Ind
ceiea OF slgcl to asit / Boiida n c11s g5galko
S5I5 Ios :sl q 90 each, $f6, 900 !, Non. 8 i216
20 11le .or 50U, each, SO, eco eertisi St5
Of stock no. IS, $500 cert i6e6tg of sIses
no. gS8, seerti se gf stnck Nc. no,
ysyes 'Pay5.0v5s cerIIuusx ;grt stock NSS2
$a95; certihcatA OF stock No. 90f: 5ssEsSS7 .6sl.
icefdhcate os stock Il q. 992, ESQ: certi
Of stock No. e93, 1926; cesskN vi q of 5ssrcIs 4.
No a9a, 500; ccrtii iicxse Of stock No;
$40; certfficnse OF steck No. s96. Ssll0 Z i
ces % Of stock III 81 8 f35: e4s mo-
end tfaiaf1tF oeiti ificS les s0f stocir
sEcllIle end ssrsnsfe cert; ;Acass 9f
etock :, NJ AZ ~ a excil and sransEI
neate ioE stock NC, SS15, 81 exch4nga
s5sa se tIanaser e! itie.ate OF stool n D. 8SG
" szeaa issil + a. srioss e ssasa
lssssuEess the same bei1g isaed ey D. Is.
Chen1beglaln as Governor and coitnt ;als-
Cd BY iiosi1s .. DiinH as on fol lTlF
SisaeE q tofrras OF. ali
stfss t5f - - N2 N X &