The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1880-12-02

W." NOR HAG0OD'H ApDRbsS-A hb'""-
NY .spATIOx on the SUBJECT or THE STATE
LLBr.
COLUMBIA, November 30.-Johnson Ha-
good and John ID. Kennedy, Governor and
Lieutenant Goveinor.eltct were ina'igu'
rated toby with unusually impressive
ceremonies. Several hours before the np-
pointed time visitors began pouring Into
the State-H0use, aud soon oil the vacant
space In the Representatives chamber, the
place 10 which the ceremonies were to be
conducted, was occupied. At O'Clock the
procession filed In, headed by an escort OF
honor. Immediately following the newly
elected Governor and ACKNOWLEDGEMENT
were the judges Of the Supreme Court 4;
Judges Bond and Bryan, OF the United
States Court; number OF the Circuit
Judges; the various State officials and dis
| tinyuished visitors.
Chief. Justice Simpson administered the
oath OF Office. Lying upon table Just IN
| front OF the Speakers stand were The sword
and mace OF State. which have been In the
keeping OF South Carolina since colonial
times. Governor Hagood delivered a
thoughtful and digniied address. contrast
| ing the present administration with negro
rule. He said:
| GOVERNOR HAGOOD'S ADDRESS.
The homes, economic, and efficient ad-
minisiration OF The State government which
the party revolution OF 1876 promised has
| been realized. The ordinary current ex-
penses Of the State government have been
reduced TO one fourth OF what they were
under the management OF the Republican
party, and have nearly reached the mini
mum expenditure OF the period before the
war. Every obligation OF the Stale Is met
| from the income OF the fiscal year and no
deficiencies are incurred. The accounts OF
the State are cleared from all confusion or
uncertainty, and there is laid before the
representatives OF the people once more a
true and accurate account OF the actual state
of the Treasury.
Touching upon the public debt. Governor
Ha.ood said:
An adjustment of the public debt has
been reached by legislative provisions and
by decision OF The courts. There l. no
floating debt The debt funded and being
funded IS Sc, 500, 40. OF this the scrip OF
the Agricultural College, amounting to
Sl91, 900. is a permanent investment. The
DE tic;ency bonds and stocks, amounting to
Sj64 $50. mature in 1888, and the cOnsOs,
amounting TO S5.SS2,5I5, mature in 1891.
Il
in this connection would earnestly bring
the attention Of the General Assembly 10
the annual delay in the payment OF in
terest. This can b. corrected by pro-
vldiDg an earlier day for the payment OF
taxes, or The Governor and Treasurer might
be authorized to anticipate the collec-
ton by temporary loan. The punciual
payment OF interest and every accommo-
dation and facility given in its collection
enhance the value OF the security. Already
under the management OF The State finances
for the last four years its bonds have risen
in the market from % cents on the dollar TO
par. The financial status OF our State was
once it, prOudest boast. II we place it upon
the high place il occupied before the late
civil war and keep 1t there, our securities
Will rack with any governmental securities
upon the market, and when the debt ma
lures it can be refunded at a much lower
rate of interest. y wise and prudent policy
will keep this end steadily in view.
INTELLIGENT IMMIGRATION INVITED.
Governor HagoOd dwelt at great length
upon the material progress OF the State,
and gave many interesting statistics con-
corning its agricultural and industrial in.
tereStS. closing this part OF his addrt S. by
saying:
This improved condition OF our chief in
duStrii interest Is indeed gratifying, and
illustrates the capabilities Of our favored
sol.and climate. But our Astounding re-
sources stIll sadly need development. Our
mineral wealth, our water-pO~ers, the
products OF our forests, our agriculture It,
self, have scarcely been touched. "The
harvest is plenteous, but the Ia
bOrers are few One OF the most press
ing needs Of the State indusiri,lly is the
advent Of an intelligent and thrifty mmi |
grafton. These happy results, this resiOra-
tiOn OF the State TO the methods Of good |
government, this hopeful industry Of all |
classes Of our people and rapid advance IN |
prosperity. are due, under the providence |
OF God, 10 the resumption OF our chief con-
troll OF our local affairs by that portion Of our |
citizens in whom the capacity OF sef-GOv- |
ernment is an inheritance derived from a |
years OF free ancestry. 1t stands
in striking contrast TO the wretched Pc
Rod Of rlOtOus misrue which preceded
1t under the domination OF the lately
enfranchisfd freedmen. South Carolina
cannot and will not again become
PROSTATE State. The GOd-giyen right Of
Self-preservatiOn inheres in communities a.
well rs in individuals. ii is higher than
iuC Jaw anu OiutI iuhu Dul |
The problem with Us to-day is TO preserve
Ibe life Of the State within the conditions
hat surround us. 1t Is true that never be-
lore IN all their history have free institu.
tons been subjected to such strain as The
acts OF the National Govern
nent placed upon them here, but the pOl'i-
,al equality Of all men In South Carolina is
lOw as liked feature in her policy as
s the Blue Ridge in her geography. 1t
,an never he suppressed nor eyaded. The
olutiOn Of The problem requires the wisest
bought. the gravest counsel. Ii seems TO
ne that see it in tirmness, moderation, JUS
ice. Let these characterize every act Of le-
ylslation. Ii is my duty as Governor to take
ARE that the laws are bfully executed in
mercy. l repeat the pledge made before my
lection, that in the discharge OF this high
rust shall know neither white man nor
olOred man, but only citizens Of South
iarolina, alike amenable to her laws and en-.
tiled to their protection.