The Newberry herald and news. (Newberry, S.C.) 1884-1903, 1901-01-08

bonds the Treasurer
nizc presenting them owner.
Under the Act Of 1869 requiring resume business
qldation the OF State had this
bank put receiver the winding up OF its
affairs has been from that time under the direction OF
General Upon his motion i'll 1870 injunction issued >nol.
ing the Treasurer paving
OF the Courts MI bonls or tirt>-
time wc recovered and funded proceeds distributed
under the direction OF the Courts.
There to
to fund the said thirty thirty borS proceedings
in the Courts were had for manam,s require
SO without further action OF the Legislature In all OF these
its of the have been thoroughly investigated
have declared the bank the bons receiver the
only person entitled n,anlanus proceedings IN
which all the Judges in the State banr N}our
all but two ultimately decided that the Treasurer
to fund without special action Of the Legislature, holding
and that the receiver entitled to have the lost
without SUCH acon the Judges were unanimous to the merits of
the claim Previous Legislatures have
be funded fearing that might possibly up
bonds and claim holder Rt
as pointed las, this danger is
the twenty years from maturity during which might
have been funded by the Treasurer their presentation aud cv
to him by such HOLDER expired july 1890,
such holder is barred under the Act OF 1896.
Under these circumstances the claim Of the
renew and fund these bonds Judgment valid and
should be allowed 1t is denied that State
oncthcy carried part the
books Of the Treasurer owing oncthc Courts rvc de-
creed the bank to be the owcno else claim th''
all but the bank arc barred under the Act Of 1906 doing
1t seems to that i'll the face Of these facts it will be little
short Of reputation refuse allow the
of the bank to fund these bonds.
In States provision is made for the renewing
stroycd bonds without requiring action the Legislature specific
might be wise in this State similar provsion
the renewing OF such lost evidence OF Indebtedness should be
of judicial rather than Legislative nquison and ccy and for the
further that everything which adds
hat ne Will be paid even though he loses the paper evidence of his
debt adds to the credit Of the State.
have gone somewhat into the merits of this
feel that the credit and honor the
volvcd earnestly recommend the attention OF
cby which action should be
can no longer be carried on the lrcas'rcrs books "Od Bonds
Tmdablc.'
EDUCATION.
Not the least gratifying evidence progress
able awakening all departments c education. Nj the beginning
Of tho century just closed the civilized world knew such thing
State system of caon and many quarters comvara
lively date, the position OF those who advocated free public
education as legitimate function OF State government stub
borny contested the opposition in State being largely due
peculiar racial and social conditions State education is the
Scd pocy OF our country beng recognized as both junction
and duty OF the governments and it well be questioned
whether the nineteenth century important
button the Of democracy and civilization Since 1870
public expenditure for schools in the United States has
nearly trccd being S2o7 capita OF population, @
grcgac OF S2ooooooo annually principle well rcos
nzcd that the safety Of the itself requires that give
its citizens the opportunity TO fit themselves for an intelligent dis
charge Of their duties to the State.
Encouraging reports from the schools colleges
State indicating that they entered
ampcd prosperity And much be done
the efficiency Of public schools The Of
high moral character and adequate professional equipment
teachers have better opportunities professional training
BEFORE and they show higher average intelligence
fitness but they arc too often poorly paid for their SER
vices and the best results be expected until the
stead OF advertising for bids from teachers adequate
demand good qualifications.
The complaint is made and ,sy that school system
well articuacd; that provision has been
between the school the college,
cgc must therefore preparatory department. While
is true that lew OF those who enter the school
reach the high school. fewer still the college,
fit themselves college should have opportunity
in deficiency has been met in many Of
the and districts
graded schools but in OF the schools inadequate
paaory training is offered The result
pupils who desire compete for scholarships State colleges
who desire college, manifest disadvantage,
either employ coach them, a