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W_ - - - - - - _ - . - - - - _ - _ - - - . . ~ - - Desportes & Williaths, Proprietors,] A Family Paper, Devoted #,. Science, Art) Inquiry, Industry and Literature.[cm--30 erAnm nAvnb VOLb VI.] WINNSoBORO, S. C, WEDNESD YM)NNGMA 2418.[Nb4 FAIRFIELD HERALD IS PUnI.SIC) WP.KKl.Y BY DESPORTES & WILL 1A Ms, Termns.-Tnu IIrVRALD Is publihlabod Weeks in the Town of Winnsboro, at 63.00 in. bareaAby in advance. gg- All transient advertisements to be aid in advance. Obituary Notices and Tributes $1.00 per square. Tax-Payers' Co. isentiom; FOURTIt DAY. FnVnAY, May 12. Tihe Coi-vention met at 1 o'clock A. M., Pesident Porter in the Ohair. The ( hair announced the following gentlemen as the cotnitven to monw brialize the legisluture on the subject of eumulative voting : J .mes A. 1l.'yt, .H. Chamberlaio, M. W. Gary. 13dwinl J. Scott,, W. 11 . Wvallace, 13. 11. Wilt-on and ilenry Gourdin. Mr. Chesnut, for the Excoutive 'Committee, reported upon certain te.olutionis relative to the itarlhg tunded debt recommending :- Jop tion of the fel lowing, inl -A, ticle : That this Conventit.-ii, repr-isenting the property-holdors aid t-Ax-pgt)ers of the Statu of South Cariomn, dem it their duty to declare that the so called tciing loan. or any other bonds or obligation, hereafte. i-sued. pur pAting to be 6~y auithoritzy of this Btale, will tnt be held hiodig on us. and that we will resi.t the payment thereof, or the eniforeelnent of any tax to pay the same, in every [a% ful way. Also, that a comtnittee of 1ic he apl pointed to investigate and report . plan11 -0 Imstore the Otelitf th.: State no(l to cotif r wi h th . r. pr -se t.-ttves of the "fire loan securities" of tie Stat, wiich o ee practic.lly re u aid ated, wvith a view to repat-ir IIIth Jain iges to the ,ond faith aun1d hir01141 of tle cominnweahlh. Al ,o, rcport bdgipkit the re.-oi.t.ot1 to at1.ptint; a Oi ottted ".f tive to :xitib 111to t the 3 lnd . ioini of the State, now und at thai elo.- tl ilf the war, rscomtnei.ding that bles.,rs, Aldriev, Burt, 'ManlAing, Bill ier nud Porter be appoitted as such comilitted. S. o.dered. Mr. Trescott offered a resolution, 11hit, Pqtsi. oeter and Cunti1-11*, I. it1t had bebui rele ieud the q1e1ti. 'of thlie legality of tie pomstponi" ii --mit ol stau utory lien of the State oat the 1; ut Ridge Road, by the Legisloture, to certain buid- atnd mot gage , t.. Slesrs. C'ews, CUmeron and Gou: - din, trust-mits, bi req tested to give their legal opinion at the earlieist pract ie b* le niini, supportiig hl r-ad1tinto hy a t'ttodig lilt0e of a gu neit ltowinag tle un wizdomu of iin. Coivertioni in tantapei it ' wil tlt liaiuness of a private corpo.ation. ILt held that the actiolin of the Con ve stion, uiles the matter be decided a* olive, was c lculateat to dise edit th. bands if the Blue Ridge Roadi to t -e sor.. ui injir of the conapanty ai.d damage to the Stato, inl eripling an enterprike, the sacee-i-ftul iLSsue (if winch would determine, to a h4e extent, rhe tuture prtisperity of the State. iHe then m1atitained th.st, in point, of fCct, the past potisenclit of the siatuttory lien of the S ate, to a mart gage given to coure bonds eidor'ed by t he State, couild not pot.sibly woik harmi to the Staite, anid was an eqjtially goid, ii not better, formit of secut ity t 11nn t lie stiatuL, ry lien would be. H e sloo stated that the miorigage of the road to seure the funids was recordedd prior to the attachmient of the statuto ry lien of thle State, and thait, cotnse. qjuenitly, ini point of lai w, the mtortgage must take precedenace. Mr. F. F. WVarley replied in an af feoting and elaquenit speech, depicting ini touching termts tile destl ated cou di ion of' lie country, aund lie depio'r abl3 eorrupt state of rthe L.:gtslarure, by re.non of whicb, as ha, hied, the pasisage of thu Blue Ridlge Road bill had been, eff eted. The amnoudment was laid oui the table. 'r Ed0wini .7. So N, offe redl the fol lowing, which was considered at onoce and tauopred: Whetreast, it is customary and pro Sper that persons enatrudted with hrtg~e amounts of the public fuinds shloo rd guarantee thbe safe keeping and faith fuIitl d isburse~utent of the baie ; and, 8tate Financiul Agenit in Now Yol1 who holds about $2.000,000 worth 01 8tate i,oua, has given nothing but his own piersonia1 obligation for th<~ It dihlalge oh' his duties ; therefore, b< Resolved, That the attentioni of tbi Oovernmor and~ the AttLorntey-Genera b' e speoially directed toi the. risik 6 P loss by the death i or defa trlh of sutit agent, and that, thety bie req~iested ti rejutirc of liinit a od with such gaood anid aeuffiienit seuint us will protee, the ptubie interests in his char'ge. Ocn. Ud Jones offered the fol lowing, *hich was read and referr Whitreas by the Aot of August 20 1.808, entithed ' An Act to authoriza aState logn to pay the interest 0n tb public debt,"the Governor was au thorizbd to borrow on the eredit di th .*f State, ou ciup an bouds, a sum nie exceedling $1,000,000, or 50 *muo thereof as may be necessary to pa tbe interest on the public debt ; am $1,000,000, $2.000,000 of coupon bonds were created-the orie with the "for interest, cngraved thereon, % Ad t he other without these words ; and wherea, although it is i"'o statt.. that $900,000 thus issued has been icioalled ; thorefeere, Resolvod, Thlat this Convention cannot bu't deem thih traniantiot us uncalled 'ot- ahd without legal i athor; ity, 6 nd as bxhibiting at iri egal.a ity And capacity for fraud whien nieriits its ster n conidemtnation. . Jidge Aldrich, for the Etecutive Comnmittee, reported upon the reso lntion of Mr. W. K: Grectfild r lative to certain irregaular.ties in 1 drawing funds troim the Si ate Treas ury, by the cdmnnitteo appointel to investigate election fraide I the Third Con ressional litrict, recoin mending that the uttention of the Attorney-General be directed thereto with a view to a judical investiga,. tiona. At. 12 o'clock M., the Contfition took a reces of an half hour. V hen the Convention met again. Gen. M. 01. Butler, for the coniuitte appoiet ad to confer with the Governor, iade a long-hy report. ir. Cannon, from the special coal. mittec, made ia repo t, recommending that the Leoislature repeal the law r- quiring tli logl notices to be pub )i.-hed in eerinii pal aia. Mr Warley iatruduced a resolution, which was tadopted, that the Coneven titn express their diapilproval of all meeret political organizaiiore, an.d that they call upon the good citiz-3e1 of the State of all parties to discoun tenantce .Il Such. MIr. Baldwitn off,-rel a resolutioni. that the quest ion of t he leg lit, of 'he pos' ptAo:ntielut of the 8 a tu o;y lien of thee State %oi the (tinarbe-ston~i atud avat' Is Iai. ail road be referred tocer tain eminetit lawyeis. Ageod to. NI r. Wood ward offered a tiit')r.>tutS res.>lution, that. the Governor be call. ,-I upont to defray the expecn-i of tle Conveati.m Out, of the cntiintgenat itn111 of' the S ate. Te rei.A.,iution was wi ld awn I. On timoni of Judge Aldr ich, the thantk, ol the oten iot we r.t endered to the- vat iu, r ieroad cou.paiAi f r et rtesiei x-etided. Mir J. W. 1.11, for the spc-ia e ,iInnt.itte appointe d to examic into fil rei t tee what extot. t unit) nand St at ed thl.s have beei uI eis -a, ify ii.reaaaied, repoited as lo s :0 A The tqommiiee ;o w..mi it, as to ferred to live.-tiga'e ;an reloot, to tiii s bod t. what c itIet St..Lt and a Couety a flie, have been. ttuece-la i ly ii ea.ed siice tihe ia . it r t f tic State G..rnmet iii 1868, aid, witl th4 view to retenahiieheit, andt r -torm, to hat ex-tia tlcy tight he dispetnseid whh, beg leave to report that they have eyoainin d and eisid ered the matters ombtrac d in the re 8 dilitotn ai fully its the linlited tine, at (bieir dig1o,!l1, would admit. h i are 1 . ti:sfi, d laom thi., ex m in ation that the number of (Al. .,, Stalt antd cotity; have been unneces .arily increin-dd aid that the sala ries uI eapertunining to the a-tte have be fixed at amnounts largely in bx eeAs of a fair compensation for the sorbices retdered ; and that as to those offiaes abolutely nece!ary to a duE adiiiiafatiun of thro Govern.a miett, t he saiaries have in a like mn nie , been inaordiinately incaeasied. 1rr support of' this view, fofir buinmitte beg leave to submait the feellowing comparative sttement of offite s and entl.ries for the years 1806 and Compamative statement of ofichers and salaries in the years 1866 and 1871: Governor, $a,&00O 3,f00'. P. ivate 8teer ettary, l,20o 2.000. Messenager, 100 ; 3000O. Rent,,800 ;.000. Secro tairy of State and hietrk, 500O' and fe'es; 4,000. Adjuitanat and Inspector-Gene ratf, (000 ; 2,500. (Comrptroller and Clerks, 2,700 ; 4 499. Treasurer and 01'erka, 3,200 ;. 5,800. A udit or of 8'tate anid Chlrk 000 ; 4,000. Super inatenident of Edluenuioni aid Cloerk, (0l0O; 3,500. Chief Justice, 3 500; 4,000. Associate Justices, 000; 7,000. Juidgese, 30,000 t 28,000. Attorney-General aind Cleik, 1,100; , 4o00'. (Oferls Court of Appeals, 800 ; 1,500. Attentdant CJout t of Aj ppenLI., 250 , 800.- Salloitors. 4,500; 8.000. Counity Attditors, 000';'S, 500. Sehool Coniimsroner.-, 000; 13,500 Road Com mi~sone-a a, 000; 10 500. Legislative expenses, 45, 850 ; 400,000. Contingent Funds; *Execntive D-epar'tmnt, 25,000; 20,000: 'lre'asurer, 000 ; 1,000. A t trout'neyOnnasraI, 000 500. Coop Ft' roler, 000 ; 500 ; State A uditot, 000 ; 500. Aedjauiant antd I'pecto. r > General, 000 ; 500. Superinteadint of Rdue ttin, (100 ; 500Jt. 8..e; et. ry t of 8este, 000 y50. 8tate Lebrarian, Tis statement is. not Intended as a -'ffai e.maio of all public expenses duig thb tdo perio is coniparead, but ', ~i ad'with itie view of exhabitintg 3 to thu e onventiona the relative areio' a of expenditure by the preet' Oit -ernmenOtt,-so tfui as herein okhhitsd . 0 T2pihW a donfereneco with lilt Ixcel t lehcy Gov. 8cott, in accordance with h the, termis of the .reV.aution under y which this oommuittde d'as' reased,-hais d Excellency roade substantially the foi 1i lowing anuggetina, in which yoam commnitt'e doneu' 1. The oiliec of County Au-litor may be di-pensed with, except. i:1 Chrleston Couiity, and the Tr,-anurer dscharge all the dutie mow pee form. ed by the Auditor and Treacturcr. 2. The duties of 8ate Auditor miay with projsriety be dichaiged by the'Comeitroller Geter.t; 3. The dhitieS of the ComniiNi6nncr of tie Bureau of AgricltarAl Statis. tics enay b6 transferred to the Score tnry of State, without additioial ioMp'eusation. The pilae of Aasltanti Ad.3utant General enn be dispons i iWith, Mi1d the duties performed by the AjiifiMu ieral. 5. A.itnnt Libiarian of tile Su prethe b2.otlrt be dispetied with. 't1ivatt OFFICF.. I. Ti.o eonlpensattion of S6ol Jommj: bi -r may be reduced in all he Couett d., to an equivalent for h l ir te.r v ices.g 2. The compensation Vf Cointy Jmisiiioners should bli reddoed, he tonmbdr of days for iuty fixed by iiW, ind the per diem aiowed only or days actually on 'lUty ; their ae. )untability for ionceys coedved for iecee..; &c:, IsI4ul< ie' "cgulated by aw, re( eirin the i to repor i o comlipetenit authoity the armcouit. -eoived, as hieretdforo stuch inei.. have Hot bei-11 accounted for nc]I il nyO bot ie:< 'he fNes Ui Trial .Jusicd , Solici ->r.4 attid Coni.tililes nght be proper niatcLI fdr legislationl. The Adj tant-Oceral'. salary hould Ue re duved to I comiumeLsurale 11.u 11 with his tb lviee . InI actil atini toe c1e enbk0s je tr. i e . i , your C-j.eill ,ttbb are of ptil"lt that $1) per ibein, during le lt, i.g of tue Senate; is tile omlipei stion to tie Li titent t-Gov raor, While tham t.fficrer rceives the ur; her baluiy of $2,500 pef amnutn. III conclusion, your cotifiittbe voulbi hiiy, geaerully, that thay ai' of ptaiion Etiaa1 thie r.ite of conipensa tona anOw p id to ttie varivus 8tate cid 0C.unt y aofli;ets Inight be very ees ctal il.;, re'.iinec II , A it g.eaet a ant:I . 3nyc tu ill people i f the Sua16 at id vtihlit dtiritiviet to the pUI iid ar. Tanh11oli, 1or the coenmittee pp..i ed to inlent-gate tI.e filnaowial ...diti.,n e the Sate, ublAIllLL.d a epior, uihIe was ad.o. i he Contie.~t ce o E eie, to whom vas refereud the tullo Ati g e-olittictii$, Sk leave to sabmit their r, ptrt thee ui. Tno re.olutious are ill tie fuliow. .g w.ad,: Re olved, Thitt a contuitee oh levenc bt- ejpoiced hey the Chair, to oifer with hi. Exe.clienuy 0..v. Soutt 11 pulrlaillnleC 01 the furt1h iesulutaUn >f tile Cai.iniber if Cunmeree, atid of lie B uird of Te .-, of Ctarieston, teed report to this Civentii..n in wIit ng or otlherwise. Ri:.olved, That it be referred to the ,,)lneIiit tee of 1,zvej to ii.guire of the lovernor how many and what amount >f bonidm lie ias signed utinder tbe eu riuis A cts uuthot izing the same, and what disposition has been iado of said bo nids. The committee proposes to consider, in the firct p[ae, the subjpetat oim braced ini the first oef the foregoing~ re..olutioncs. Thlete are better ex gliaing~d by the resolautioan No. 4 of the Chainber of Comainer ee, anad of the Board oh Trade, refereed to theorii 'This is in thce followiung words: Re-ohvoed, Thuat the State Cenven tior of T~ax-Pay(ru b? reqdested tc coufer with his Exielloancy the Gove ernor, on the daii geuous f.-dal dondui' tionl of the State, and request his offi oihV did anid co-operation in the ives tigat ion' of the ,eoontnts of the ('om#c~ tr.Iler un I of tlhe date Agent ia New 70uR; do that tie atmonuet anfl 6caracter of. the botkled debt; uind ili 6thejr liabi'i-tids 6f th'e Stn'toe can eleary sta'ed witN a Yied~ to snel farthe~r action as im ty be n'eoesSar: for tiee protee jon of the jpubli'oecredi teri, acid of the Lax pajere of th, Cotmmflon wealth). TIhise restoiution having b,een' pub lishd in theonwqyapjers' bd'ioi Ll0 asseblin of he Cventonyo's committee were promaptly appcrlsed b, hcic E~xcellecy the Goverenoc, and bi thce other Stale fueioniuaries roterre to,- of t'heir read iness to- furnishc Lb reqired information. The 0u0611 troelier General furnished to the COw veention thcemselves a printed state moht of the funded debt of the Stat of dou-h Careelinai, and informnatia relative thereto. A coIpy of this papa (maccrked A) is annuexed' to thiti 9cbr In this a'atemient tub tdht1 funede duet of t'he Wates ih et dow~n at ti. seim of $7 (65 9 1898. To' the sun of the iii de~d dent, viz :$7,6155.908. 9*4, mucast, bi added, lin order to exhib the0 sium totiJ of'tb$ debt of the Stat the casha aid'anced to' the Treaanr by the In netal Agent. This 10 s8 dowu by .Mr. Kincjpton at te .rent etum. of $600,000I-$,405:908,9 Mcd abe.o the ea hir dtAc of $410,0I for btende. sold .by M r. Kimeptuan sin thce ipfe of'thl Ce jltrollefd 'vpOi vis :'$450;0O0'.mk ea gr dttot de btof $8,865,608 Of'hea'bm in taheof btifnds rentaitIig datold it 't liabdbot thie a gasultoady albo swas12.2 00. rate this aman uqt niow be dt-dnted Oilh amout m i..l.1 fis abvo 't-It'ed, $.10 ,000-$1 8I 0 0So ( This am',untt tf bonaad.s, viz : $1 Hoo-, - 000, is pledgvel for the evucui y of' klh $800,000 of eash adv.ancedI by IhI a1gent. III view of thizs Cotadition or the Sna . e aithe S-ate 3.()ur cotumanittee would raitpelItIly make the ful l; w~ing eO oin tocii tai iais, : I'I ' mti his E .ix -el tacy the $overti or he respetfully re o:ted to eonfer with ti-c Fiataii.1 Agnit-Wihoa is nlow in Clumbi.-aib. to teh! gnipha to New YoPrkc not to ell aay mor, bonds of the S&.ate at less than 80 por Icent. 0. ThM hi ExcelflencY bie 1 e ct fully reque,ted to proceed to Nu I York anld to make the mo.st econoai. cal alrrmagemjent pot-sible for hohtig Ih-S $1,800,000 of b.ands until I th, above limit of 80 per cent. become., attainoble. 3 At 80 per cent., $1,000.000 ll bonids4 will discharge the debt of $800. 000 diiho Platbial Agent, and re. easoes $800,000 of the hy'poltlhcated bonds. This sumt of botinds )out comn mittee recommend that it may be re spetfcully suggested to the devernot to use in the following nainner : The ambunt of funded debt nov p-iyable, and that approeching matti. rity, combinAed, is as Illows : Fire laan bontds, IBri sg loaai, $400,oti . fire loan ttok, $304,000 ; anonuti ok-erd uc, $741.1;000 ; S:ate 11 .-e b..wil 1toature i. ihe ist uf Ju y, 187 1. $250 000 -$994 000. Yo r eaniiattee iccommoded thait the $800,000 of bur pus bot.da abovi ref tI'e.t d, ais sit' as It hey n1ty t. 1 lased 1o0 hyp .thecat io, be alp plied t the mitistin.tt, inl pa it, ,.f the a0ove debt f $994,01m. The $744.000 o v, rd e b..tot erastitut, to 6 tnuch of th'b fire 41:1n debt for wtitch the Capat6 of I tI 13.aak of (lte State is pledged, and your cotutiaittee indulge the hpe tLat it. mlay be dis ohe ajrge ft aan that, soure. Ithe arr.inge.oeiatS sugge tool by thoco n0aanlitte Ic an Ib carr~ed it effet,tI.e auwlt will be as f.lows 54n to al or ,'ehtt as ait eady it ten. A '5,008-98 ; add th h.otnias n,.w in thl ha ids al thu- ae ntgaa a ad per.p s, d te I Issm-, $1 .800t 0oot- $1.11,65 908 98 ; ded ati al: advaa.ces taad e is t ae i a n pr.pased14 to be 1auri $800,d00--*9,865,908.98 ; deduct the itaatoitt of mAt.d i b (itlit pr. ised (1 be pihId y (he $800 0(00 ol 'sm plu. bad(a o( lhe basi.atol 4eihlty per cent. b' r thet banids, v.i": -2,(i I , 1 30 - $9 2:?5 90 98; shid il.e re ittit)der tot dha. $994,att0 .f fua dad da-ht, fow pre*.%ing ta.r -I met; Ih-, di jIyrgp'd out ti the C! .% lt uc i t it I ( Oe St.e, viz: *3554 000-$8 -71.908 98, tiat (aial atiai I tilt debt %.i! be $8, 871,908.98. It may be reasolably ohjeeted to tho.,e suggetions Oti the prceit narket pa aoad of tlie. fotilN is only vixt1f-iCe paef ceit ; wlile the cale.Uations miatade proceed on tihe laI si8 o-feighty per ciat. for the b. ide: But. it i6 (auie aason-able to expect that upiot this exhiblitii thle exa l t' cotndititn of the d( bts of ih!- State, and upon the Cacaourrt en(n of I him Ps, celleiiey the Governor, ia the getncaf uerne of manai m-aatt bei eiti a econti. melnded, there will lae ant immlateahiste and considerable a dvance i4 tle ir het valume of the bonds, tiald grdatij~ incaseatd facilities fot! hiold ang thernt off thet market. Iloferrinag noew once nmore to thae sutn of tbe finaoed debts t lao Comiitten' deema it proper to atate tha.t they had expeted to verify the aaouant by thte evidenueca in hae Comptroller's u1lice, but they wer'e d isapapointed. Th'le Aet of Atugust Q6, 1868, athorizinag -tnise of bondas for the pic snerat oi - he ill t'eceivaible of the 8tte, pro - Vided thiate thte bonds should be signed by thd Go'uernaor antd t he Tlreaastrer. Sobs:tqnent Aets followftg the saamie douzN6. In dotnia4uenee, there is nao record ki pt iln the (Cottptroll're' (a' a eie (th'e precedi'ng statemenat, undder t-he aut'h6aity 6o' this efilcor, iederived a|fromt theo Treastarer. It is coafnatmed iby the GO verniot, who unlited with the Ti'easu t'e.,' M r. Pait'ker, in gitiaag - ,tath donuniajtte e~ cry aasaurace of ,iscorlee'tness. And it' apapears to your donim~itted t'hat thae severiil is ties a' and suias of bonids described, are of '/ unreasonable legalty antd force tas ob~igationsi of the State. It seemst s proper furthaer to explaain that the -botld's saedet, the Act, of Auagust 20, - 1868, 'for the paymaont of tie interesti -on thte public debt.," were at Girst e issued aith the abcove words enIbod'dd n in thef orea df' tha bonad. Thiitt thae~o r woida li'og dooeu'd objetioal, atn .OthCnett (of I1Ar, for a lake ani.Outla d ($1400t,000)'Atifpaepartd (ald exe 0 uititd,, tatd a w e tehit, t'o ,c lie F iail n1 A'ginat.to sup~p y' thet pl ace of thet oh-' -j j-.ionnald its'ud. Of tld h j oi tiaa t. bl< is'e of bonida $50)0,J(00 were &, Ilog sitaCe retuarned~ andt ctince~led, asi I ,aears by the asuranceOs given td' at ydir commaittee byj the Comp~atiler 4 Iatti Treuglarer. Upby' the authaoraay 9. lot Mr. Kaampton, Agetin, acid Mr. 9O Poker,' Treasuier, is apjpears albo so tI a fttMcher sant of $400.000' heli benh vt uriede withiv'a' fed dae al Ttesd hd.e ndt yeao beWo endl1~t~Ied. -* M*. Kimtati' dIs desied ty cont. ie niit ees slintI ti r'hiiin) $ k'06,000t 1; wiedeo.bd returadd y tbaas Ibere 4 isot tyhJ.* .:oegt'.deley In- ef. n v ain the ebuhnge theis .mroso franw ihe :.c..ity of wai-ing until iit -er eral :t 9111ninred, for tile b. 9h first bonds had bleenl pled~ed. Th nranenouof having" a liaam i: a~get ni Ne Yoe k doe's not mazke: favorablo impression upon th1q n.3 - btrittee. Copies of t1ho necounts it ell (-red by- 111 for the fiheal % ca(' 9 i8ki) a1d 1870 nVI unnexed to' thi. ,re1p0t for ibttree, uariked iespae tively 13. lnd C. The large sum13 inl 91to0 6. or (onds a1i3ays inl t1e h1i.d of the yelit i:: ittClddcl with uniusuaul ask: inl th man'g 'n J[it of tle fillan !e8 of a -thite, nhd the dilliculty oh keepilig the IevoutIvs of the tigeniev *1and of tho '"Tasu ' il C 'otan9t lulif regul'L iecolt i geth t. It \ilt be eCni, for ex~aipIle, by nibin flhlt B- tlat it, the enid Ufthe keni, t he ttlo he snas charg'Id to the Tr3,surer, by Mr. Ki"igtih Ayd ,07,' .. . whtile t he hi er'd ied to M r. Ki , -011 ly the Treasurer am lihted o illy $624030l ; exhiiing a disei-rp ie, $.181, 50, or disagreomn(.iIt if $38-1,924,54; Iu ljhe linuner, n1e. -fit itO bkibi s a 'diagreen of fl di~~ (ellilt o'f 529. 726..12. It. i3 true that thicp tlcollils vic itieenly broitght inito ' oi'ement, or rather into con orit'iiy %% ith the nccounits of the lgency . Tikekh I' added (6 Loth an te-Ci3iu t (if tile .ILs, (ilient ilrij by I svihich this was effected Nothing i. le Ir?; ill t oti se licoutits to iImpeach heir correete a tbut it will be M01n low Wide cOn the obr is thrown for C -rrors and dispits, i, foi- io grur cr ws'ort utres. For example it will be 0 '041 that aliong t lie itr 11s brought tot le CC lit ot, lie 110e11tin.t by 1fie Hilb equent ontmies tefei red to, are thuee, 1:.1outi il B.Fi-eal year 1869, lNoi ex i.e1o v, (including intrest, its xpl Jieed to the eoiait.ee,) $64,. t MU 71 , Aoeetibt b/. Fjea I eal year, e 187t). F.i.r exi en-es, (includitig ill. t . res,) $11i,977.41: Total, $159,. It )74 13. These appear to have been a IeCe a SSed t., I lie credl it (if th1 n9geft Y, wi hlit being nIliie'l The Cols iittee undeIre-d Mr. P rr, tlib l're-9ourer, to 8..y thit lie had nl it . 'seived oil ecounlt of the sevcral M 111 of cxpeane ihat go to. make up i two s'ais of $64,99G.71 anid $94, )77.72. 'Iese charges, as will here Oter be thowit, 1(d enormm-ul v to lie interestof tho public debt *Nor fa this 11hlo 141 To I e o mIIIII tonv IO:,A u oi Mr. Kimpton that his own prop It' COu isi'-s, as 1Algeit, ar not ill dude-d ill the above Films, aml that he rate of compensation ii not evei letermined or agreed upon. Yot 4u111100ie 'voulld hivo preferred to ;90ow with preciso %hi:.t rate of in rest. rits8 f 4'm the addi in of ie 6hti ge., but it is sencf 11ha1. the 1, I t1I if 11he 1 Xpenses is not ) Ct thmiwn licit her do the Accounts show he (X'kact, iyrongesuim of the cash :d-ml a1r 0 ti tlie. pern '.u. Some *p.xannt 6o to the truth may, how-' !ver, be inndo in this wny. By le 9 o,rt of the Comptroller-General or 1870; 4p. ot i0, 104, the follow. In9J IipleniiI to aliv' hey. the g ir- - terl1y t'ialebe. lee to Mr. Kliiylii h)e% thu, T '; n i y : 'etober 1, 1 s 069, 515,424.54 ;J.m13nr.y 1. 1870, 18,.. ).51 Ap-il 1, 1870, 573 317 21 : UL64.or,..,,1870, 880,843.9I; T9 o.,, f;2,697,9413.(I . Tiois t, M ' i-;Ii d, (I b% fita. ti' 1eierIods giifes n lv er.ge' oW $530',588 61 us the sumn of the ad Vnnee's,9 Alil iiyvenh an~d a1 half moitlbs as I the period oft tiliae for wh lich ti ey we re uiade. The intel est of otheri ibharges, 's i< lOf ho ti mqfer plt rt ofI thi rport,'wil'..for twelv'e mn~oti;i, $'94,/77.42, or $'/,914.78 per month. 1 If"ir'aven-and a hal9 f mtonths, it is $59,3i50.8', or 't t ho r-a te of .seCven - toena por eent, per anlanm. Aiua to ttheis is et to be added theiagent's the imipreseion that hisa ave'rage ad tanewasi greitter thani theO 899m stated by you~ar c3omm~fittee. But even if it was8 $700l,009, instead of $539,588.0 I, shet ilntst,. ( withont his conf~fii ti~ta,) would iaIiutut at il. to the highl rate of' thirteen and a half per cent. per ainnum i. TIhe 1loss sustained by this state ini thiis muode of' dealing is oibvioiis~tind it i1 aggrtavated a ppar ently by the fact thalt all this ri.k, expense aend trouble arulted in the aale of only $i 000,000 of bonds, and these at thle uiaderate rate or seventy per centuim. The Act providing for the paty menti of the initerest on the fundod debt in gold haid been yassed, and haid added Iry largely to the annu9ai il chain The 'e interest ~jid by thjd fComapti oll', aedor ding~ t4 Jhe , - Jfort of 1'870, Is $19 0,476 44 .he cononsr padl by , Mr. l1hupton amo1'unt~ied to O2'0,01'4I9%f. Th'e pro 1iii 9)u goIl~ paidI Mr iCimpion, 1and c'h- I nd in t~. he sami acceotint, (0.) is' $d'sd2. Tt ti ,' 4S,255.99; Thus raiitit the iuterm . t ou the't'naddd ddbt t hi~ 3 ar to about sd~eii and cjiatter pd'r cent., itsstelad of sil' per cent., and addins * 954'362 to tile dx ienses of the 8late. The price of' he hondi, it is tlne, rede to eighty f'r,den'. and -ufwards,'but the Krate derined no .heiof6t frnu th expeons's hehad incurr ed to produce. the advane*, Ooly oid nidlion was, .old, and those at sevenity p@ r eit. .bn~~ Ihi revli6 g'I th'e chnle oodl., tlbd'd6f the Stat4/ It wad Iirposs~Il to afaiI of bein~g gafely 1rapueaded by thb es~omtin us pens'is of tihid present day-as'eotzylir#4 Nitltb. onoup of asp.6. Yovt maankd6 menAds an p"Ialed to his Excellency Goven niir Sott to use all i his power to eniforee r trellcment in every depirtilent. 't wai impod;oiblel'or idr committee itl the short time iloitd to their ardu 'Us task, to CxamiCne IWto the various lecoutlts that exhibit thece expeindi. ures, Ind to suggest in what part ieu. bus1. they may ho curtailed. They proecured from the Treasai-nr, in ia lilmpeindious form, and attach to this report. accuunnts () and E) showing he receipts and disbursement of the l'reasury for tie years 1869 mand 1870. i'hey comnetid t i e e int eriest ing loctiumenits to tie careful exatinination md earnest consideration ol' tho a'x. iayers anitd 6f the legislature. They reieve that an impo,inig ret rench 1nent of exponsesc nan1y be iffected, Iid that it is tihe shortest and best venue of escape front the financial lifliculties we suffer, and the surest n'eani of reitoring juiet and o nii. lenc among the people of tho 8: ato Jess than $6(,0'00 will pay the in.. crest in gold on tie funded debt, Aid $i,2o0,000 of revenue should liutidatlly I-ullice to derly tie inter .t, and ill otlie'r eipenses. ' The coin n ittee holieve thm, by at vigomous aind iersistnt eonomy, our eX ensis umay >c reduced to this sum and the taxes roportionately abated. Thp exAtmition o \ir. Rimnpton s ecount in detail was fountd imipossi Ile, .s his books of aecounts are lie. Asammrily in New York. The impor illC of 1iich an e::aud :n hnantion is, how ver, recognizel, in the intorests of he tute; and for the satisf'tction of he Financial Agent, by whom it is ou rteously and cotrdia1lly invited. 'he same nmiy bie snid of the sevoral lhcr of the State, to whom applien. Liiiu for IlifX rmh'ation was made by your Sinitte. Mr. Ne'igle, the Coup 'oller, was particularly pressing in is Solicitations that all his books and meounts might be thoroughly anad ritically e:1atlijned. As the result of ti deliberationa r tihe connittee on tine matters ro Ired and now reported on, they ould respectchilly recominmcd to the onvention the adoption of tle fol. wing resolutiots. ,. M. C. BU l'11l; Chairdin. G. A. TiiENiIOLM, G. CANNON, WV. IL. W AL\CI, CA D. JON ES, it. \V. BAll-1,(; WV. h. S.\ I F I 1, 11 I I A I11) LA Tl E RS, E)WIN .1. SCO1T. Resolved, As the sense of this oljvenitionl, that the fulided debt of tie 8uate, as described in the report f the Comiti innIttee of Eleven, of this odly, is a valid dobt, and that the otior and funds of the State tire Ji ally pledged for the redemption hereof. Resolved, That the general Plan .r the Ilnoiag(Ielt of tine tunded ebt, suggested by the conmuittee, be Cnunentitllclded to the favorablo con-i iderationi of his Excellency the Gov. rueor. Resolved, That to c'omplte Oho ex mination of the necinr.ts of the Pi ancial Agent in New Yolk, th 1omm nitteo of Eleven be authorized In sit during the recess of the Conven ion, and to nd a sub tn committee to 'fw York, for th'd pu'rposes l'ndica ed ; and that tine saidl conhmittec ti'nd tnb-commlnittee be furt her authorized, f requtired by Gov. Scott, to assist, iy th air counse at boto or , int NeIV ~ ork, in thi' proposed ngotia ions for the final adjustmrent~ of the 'unded debit. .IResolved,'JThat his Excellency Gov. ciott be, andt lhe is hereby, eaL) nest ly ohlicited to, maleo a systenma tie review if' Line variouse oiamses of ectpedituns 'or the public snervicens, and to use uia ruthority anud influenoo in arresting ho present oxtravagatnt expendlitures indl in substituting a system of rigid eonomay and accountability in every lopartmient of thu publio service; that to this end his Excellency be earnemstly anid respectfully urged to adopt the sum of $1,'200,000 as the lutmost limrit of expentdituro, anid exert all his power and influence to redutce the expenses,, includ ipg tho interest op- the funded dobt, 60. this tutn,' and to dim~inieli the cares i'n tlie tatnet extent; 1tesolved, 'thyat tlie Ooritroller and the Treasurer be required, by huis Eoeellency the Governor, not to tiestroy the $400,000 of objectionable bor1i'd referro4 i~o in tWo rdport,' but to da', e1 and fi'bo th'em,' so t'ht the fact of the concellation thereof may at gpy tA''me be demonstrated ; and that the samcecouise be lursued in refn'epod to all redeemed obigatioris of t'ho State of any charadter wrhatsoever, The ejiedial committed, dirdoeted by t'he Cotvention to donfor with thec Governor of'the Stata in relation tc the postponement of the dollection' of the taxes in Noifember ensu'ng, re pdeda& frollowe:' Tha w[mreded'd witit tie dpriviotor under tihe peculiar oireumastand~ o the dase,'add in, vidw or the fact tedtt th'd jieople of the State at'e thus cade<o ~upon (? pay the taxes' fgr t wo separat years in' onao,'of the justice of ,th reason of relief p/ofosed tlfey hav hlad an Interview with thE~ O~'oernor *1I'o h6i *'uthorIfad 'them. t'o slato t, tb4 bvetItidfthal' wbl)e the ,airlou *the rcception of taxes at that time, for such of the citizents as nay b'ei be prepared to pay them, yet that thU period ror their payment will be ex. tentded to the first of March, A. D. 1872, within which time, if payment s made, 11 p0enialty will be attached. 1 espectfully submitted, T1OS. Y. SIMONS, Chairman. Mr. Woodward introduced a reos lution, which was adoptbd, that thi Executivo Commlteo be charged with a tlioto'agh and,,minute investi ation of the Iancd Comuission. . . The Chitir appointed Messrs. Ed win .J. Seott, '. P. iomas and lichaard Lathers as a special coiii. mittoo to attend upon the Legislattii-e ind issist by thoir counsel and advice in the examining of accounts. CoL. J. 1'. Thomas asked to be et. q ied from serving, and Col. Will \a llAce was appoin'ted in his 86ad. On motion of Judge AldiOh the Convention resolved itself iito com miittee of the whole; Gen. Chesnut id the Chair. A resolutipni of thanks to Ilion. I 1). Porter. P-esident, was unanimnodd ly ado.pted, M r. Porter responded to the reso' lutiou in fit and becoming terms ; at the culo.e of which, the Convention ndjourne(; having passed a resolutioti of thlanlss to Governor Scott and thd other public officials for their edurte; sy and attention. Gen. 0. Butler, from the Com. of Eleven, submitted the following report: The committeb to whom was re feried the resolution of the Conven tioh, "that a committe of eleven bd appointed by the Chair to con. fer with his Excellency Gov. Scott in pursuance of fourth resolution of the Chamber of Comnierce and Board of Trado of the city of Charleston; and report to this Convention in wfiting or otherwise, "beg leave to report that they have had an ex tended conference with the Governor; pursuant to the resolutijn of instruc. tion, eliciting the following results : It wan stated to the Executive by your committee that they visited him; pot asigaytisans of ihny bolitioal party; but simply as rebresenthLives of the tax payers of the Statn, to nshoald in what manier tL could co-oper. ate with him in correcting muy df ti' prevhiling oviln now eausing popular discontent; and to obtain from hill an official statement of such facts and suggestions as would rdnioto donOf dence and securo retrenchment and econdomy iii tho adininisti'ation of the State govertiment. Tile Governor. in reply, expressed his gratification.that he was afforded an ol)portunity to laj before the representatives of the tax payers of the Stato the facts in his' possession, gnd such information as (vould nyeet the vie i df tfie e1mMIit t6. ire.obAerved first, with refer.' ence to the finances of tte Etite, that4 notwithstanding the runo'rs that an illegal and irregular manipulation of the publio funds had talln place, it was the fact that noth ing had bee' done inMoving the credi't of the State. whioh was not stirictily authorized bf law. And to satisfy t lo conimittool, they wei in ited by the Treasurer, Comptroller General and $tfite Agent to mrake a thorough examination of their respective official accounts. It is very grat ifying to your committee to sttate that these officials were present' ist (fe iriteriiew, and have given free accoess to their offices and books,' upon which a epecial freport, will be miade by a sub-conmmittee of this Con.' vention. The G overnor produced the printed statement of the funded debt of South Carolina, which bal been furnished to the members of the Convention by thp,. Comptroller General, an'd remp~rked that lhe be lieved it to be substantially true, and that lie had not signed ony other bonds than thosa set forth in said statement and tfAt lone had bood issted pxopt b) Autioiity of lad; Withireference to the unnecessary, multiplication and increase of State' and County offices, he remarked th't. lhe wa s tiffod a farge number of officials could be profitably dispensed with, and that if the Convention' would take positive action upon the, s'ubect, it 46'ul probably ha' wei'ght with the Leogislature andl iW. duco economical restrictions, and expresised the determination to exert his influence with the General As. serhbly t6ofset thsa(16bjedt ;' alfg whi'6h is ufoao speciflif set forth in' the report of a sub-di~omittee espe.. cially charfdl with this bilanih' of thejr instructions. ,Uonhd suggestpid 6r yor ooins mittee,u. th nd 6f thd prinC apcausi es of popuilar cdomplaint an~d ,dissat. isfaction consisted in the fact that. mayo h fla d e and other, ineompotoent, and so unequally dis tributed as to preventeoonvenlint and ready aoeH, his Excellonoy replied' ~that be fdily appre"Iated the force of4 thd rqk ,ad ie'ta this. was di fUanltieswbhih bve existed darlig %last six or eldbt jnonths ; that,uni 'eoentl'ygei bshd troublejla, 6o4 ing a proper Oldas of' ton for the TrI~l Justioes and pt ber ofilomsp Tend4t 4b a be wae esil',6d at ingeh of eep. F snaa violeane and ibd1&atbas ei