Query: What is the oldest college in South Carolina?
Context: The Charles Towne Library Society was established in 1748 by well-born young men who wanted to share the financial cost to keep up with the scientific and philosophical issues of the day. This group also helped establish the College of Charles Towne in 1770, the oldest college in South Carolina. Until its transition to state ownership in 1970, this was the oldest municipally supported college in the United States.