The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1901-01-09

known Ban-b army in its march through
the State 1865 Notice Immediately loss of the
bonds the Treasurer that c:cc1 not rccog-
nize any presenting them as the
Under the Act of requiring old resume business
quidaion the Attorney General of the this
bank put into the hands of receiver and the winding up it's
affairs has been from that time under the direction Attorney
General Upon his motion 1870 injunction cno
the Treasurer from paying of these bonds without
ton OF the Courts All but the said thrtyeven bonds thirty
eight for there be question have
time time recovered and funded and proceeds
under the direction Of The Courts.
There have been several applications Legislature
70 nd the said thirty trtyeigt bonds and proceedings
IN the courts had for manamu the Treasurer do
without further action of the legislature In all
its of the have been thoroughly investigated
have declared the bank bonds receiver the
only entitled to fund them proceedings
which all the judges in the State called banc ougn
all but ultimately decided authorized
to fund without special action of the Legislature holding he
was and that the receiver entitled have the lost bonds funded
without such acion) the judges
the claim Previous Legislatures have heaed allow
be funded tearing that some might possibly with the
bonds and claim and fund them innocent holder
pointed danger removed this case
the twenty years from maturity during which might
have been funded by the Treasurer upon their
him by such holder expired july 18oo
such holder is barred under the Act of 1896.
Under these the claim of the bank
and fund these bonds judgment is valid and and
should be allowed 1t denied that
onehey carried part of the old debt Of the State
books of the Treasurer owing onete Courts
creed the bank be the now them
all but the bank barred under the Act 1896 doing
that in the face of these will
short of repudiation if receiver
of the bank to fund these bonds
In States provision is made FOR the renewing
oyed bonds without requiring action of the Legislature specific
it might be this State make similar provision
the renewing of such lost evidence of indebtedness should be
of judicial rather than Legislative nquion and remedy and for the
further that everything which adds creditor
that he will bt paid though he
debt adds to the credit of the State
have gone somewhat into the merits of this
feel that the credit and honor Of the State
volvcd earnestly attention the General AS
seby which should
can longer be carried the Treasrers books O Bonds
Fundable."
EDUCATION
Not the least gratifying evidence progress the
able awakening departments beginning
of the century closed the civilized world thing
State system of education and many quarters copara
lively DATE the position of those who advocated public
education legitimate function Of government
bony contested the opposition State being largely due
peculiar racial and social conditions State education is the
settled policy of being recognized both function
and duty of the and we'll be questioned
whether the nineteenth century has made important
button the democracy and civilization Since 1870
public expenditure for schools in United States
nearly trebed being 267 capita population
gregate $2oooooooo annually 1t principle we'll rccog
nzed that the safety Of the e requires that give
its citizens the opportunity fit hemse for intelligent dis
charge of their duties to the State.
Encouraging reports the schools colleges
State indicating that they have entered
ampled prosperity And much remains be done increase
the efficiency public schools The first essential teachers Of
high moral character and adequate professional equipment Our
teachers have better opportunities for professional training than
before and they show higher intelligence and
fessonal fitness but they often poorly paid for their
and the best results be expected until the schools in
stead of advertising for bids from teachers offer adequate and
demand good qualifications
The complaint made, unusy system
not we'll arulated that provision has been made fill the
gap between the school and the college, and that the col
ege must therefore maintain preparatory department While