Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, May 19, 1870, Image 2
Jtoaps ami fmt$.
A young man in Cold water, Michigan,
suddenly lost nis voice on Christmas, ana he
has been unable to speak since, except in his
sleep, when he talks as fluently as ever.
A collection was taken in Henry Ward
Beeper's church, Sunday, to educate Rose
Wand, the negro girl bought out of slavery
by tne church several years ago.
The Grass* Valley (Cal.) Union suggests
that the men who go about shooting people,
and then plead insanity, should be tried
by a crazy jury that is insane enough to hang
them.
On the day following the receipt of the
Richmond disaster, a sharp thief at Lexington,
Ky., while on his trial, gave word that
the court-house was falling, and during the
confusion made good his escape.
Some students of a Western college
keep themselves in billiard-money by blacking
their faces and circulating subscription
papers "to enable them to return to their
homes in Mississippi."
One cent put at interest at the beginning
of the Christian era, would, at compound
interest, by this time, according to a Yankee
calcul ator, amount to $2,093,785,469,721,770,280,517,336,007,361,941,519,962,773,447.38.
As a sign of the advancement of the
age and young Americanism, it is asserted
that, now-a-days a baby cuts nearly all its
front teeth by the time it is four months old,
while in old times they would not have cut
more than four when they were a year old.
A young lady married a man by the
name of Dust, against the wish of her parents.
After the honeymoon they lived unhappily
together, and she returned to her fathers
house, but he refused to receive her, saying:
"Dust thou art, and unto Dust shalt thou return."
'
At the General Conference of the M.
E. Church (South), in Memphis, recently, memorials
were presented asking that the manufacturing
and selling of liquor by members
be punished severely, criticising the Sundayschool
literature in use, and praying for more
rigid discipline in regard to dancing.
A clergyman, in a recent sermon in
New York, quoted an anecdote of an old
merchant, who instructed his cierks: "When
a man comes into a store and talks of his
honesty, watch him; if he talks of his wealth,
don't try to sell him ; if he talks of his religion,
<lon't trust him a dollar."
A man locked his wife in an upper
room, and not being satisfied with this punishment,
but wishing to aggravate her still further,
sent his son up with a bone. The young
innocent took it up and said: "Motner, father
sent this up, and says there is a bone to pick."
The mother replied, "Take it back and tell
hira he is not your father, and there's a bone
for him to pick."
Accordiug to the last official statement
of the public debt of the United States, the
total debt, principal and interest, to the 1st
of May, including interest due and unpaid, is
$2,654,193,484. The amoun t in the treasury,
including coin, currency and other funds, at
the same date, was $233,329,150. The decrease
of debt during the month of April had
been $11,697,793.
By the fatal fell of the floor of the
Richmond eapitol, Forney says all political
differences have been healed in Virginia.
Heaven forbid that we should make light of
that terrible calamity, or wish its repetition
anywhere. But, if Forney's reasoning is correct,
what a blessing for the whole country if
the domes of the eapitol at Washington were
to come down and smash the two houses of
Congress!
' Mark Twain has had his fortune told.
He remembers as much as follows: "Yours
was not, in'the beginning, a criminal nature,
but circumstances changed it. At the age of
nine you stole sugar; at fifteen you stolcimoney
; at twenty you stole horses ; at twenty-five
you committed arson; at thirty?hardened in
crime?you became an editor. Since then
your descent has been rapid. You are now a
public lecturer. Worse things are in store for
you?you will be sent to Congress; next to
the penitentiary; and then, finally, happiness
will come to you again?all will be well?you
will be hanged."
A New York letter of Saturday says:
"The week, all things considered, has been a
satisfactory one, as regards business affairs.
Large amounts of merchandise have been forwarded
to points West, South and Southwest,
any many of the leading houses, in the dry
goods, boots and shoes, hardware, grocery,
and other branches of wholesale trade, report
heavy orders still on hand to be filled. Prices
for nearly all staple goods are called firm.
The retail dealers are not doing so well, and
with few exceptions, complaints of the backwardness
of spring trade are still indulged in."
Judging from the "mountain of work"
before Congress, the prospects are not very
flattering for an adjournment by the 4th of
July, or even by early fall. Out of 3492 bills
and 283 joint resolutions originating in the
House during the current session, only 267 of
the former have passed. Of the joint resolutions,
73 have passed. In the Senate 893 bills
and 192 joint resolutions have been introduced,
of which number only 219 bills and 79 resolutions
have passed. A comparatively small
number of measures have been rejected or indefinitely
postponed; the rest are pending.
The exhibit proves at once the clumsy incapacity
of either house to deal with such a mass
of legislation.
The largest farm in England consists
of 3,000 acres, and belongs to Samuel Jones.
In its cultivation he follows the "four course"
system, the whole extent of the farm being
divided into four crops?750 of wheat, 750 to
barley and oats, 750 to seeds, beans, peas, &c.,
and 750 to roots. His live stock is valued as
follows: Sheep, $35,000; horses, $15,000;
bullocks, $12,000; pigs, $2,500. The oil-cake
apd corn purchased annually amounts to
$20,000, and artifical fertilizers about $8,000.
The entire cost of manure, in various forms
used, annually, is about $15,000. Sheep are
claimed as the most profitable stock he keeps,
from which are realized about $20,000 a year.
His income from the whole farm, though not
stated, can be little less than $100,000.
There is a woman "out west" with a few
emphatic ideas on the topics which agitate the
bosoms of a portion of her sex, and she talks
' - ? ? ? ? - I i T ' ?%/? /IamU Krtl lAtrA * n i V* aaa nanr
Ill mis way ; X JU9t uuut UC11C?& 111 lutK ucn
women notions. I have raised six boys?four .
of them vote now, and the others will soon be
old enough. Then I will have six votes. Now
these good-for-nothing women who have fooled
their time away, and never raised a single
boy, come around and want every woman to
vote for herself. I don't believe in such nonsense.
I have raised my six boys, and I am
going to have every one vote for me. Those
women who go lecturing around the country
instead of raising boys, have no business to
vote anyway. And when they say that they
are just as good as I am, and have a right to
vote themselves, if they have 110 boys to do
so foT them, it is not true. If they are as
as smart as I am, why did they not raise some
boys to vote for them ? I tell you, I do not
intend to be cheated out of my six votes by
any such good-for-nothing folks. I guess that
the worla would come to a pretty pass, in a
mighty short time, if the women all took to 1
goin' around lecturing on wimiuin's rights, instead
of raising boys." ,
Ex-President Andrew Johnson is quietly
ensconced at his home in Greenville, Tenn. !
It is, perhaps, no secret to well-informed per-1
sons that Mr. Johnson, during his long service ;
in public life, succeeded in saving a fair share |
from his salaries. He is now in very easy
circumstances?and, in fact, in his section
might well be called a wealthy man. The !
ex-President and lady live in the old residence 1
at Greenville, near the former tailor-shop, \
1 where many years ago the good people of
Greene county went to have their homespun
fitted and made to order. In returning to his
old home he finds, many familiar faces to welcome
his return. He spends most of his time '
I
in study; writes a great deal, and it is generally
supposed that he contemplates publishing
a book which shall be a defence of his administration.
He has many visitors from a
distance, and during court sessions his house
is daily filled from early morn till night by
his friends from the country, who think him
the greatest man of the age. It is believed in
Greenville that he contemplates establishing a
bank, having recently purchased a large block
of buildings. He is said to have sufficient j
means for such an enterprise, and has been
frequently urged to do so for the convenience
of tne business men of that and adjoining
towns.
farkvitte $n<juiw.
YORKVILLE, S. C.:
THURSDAY MORNING, MAY 19, 1870.
I
Cash.?It must be distinctly understood that
our terms for subscription, advertising and jobwork,
are cash, in advance.
X.?The paper will be discontinued on the expiration
of the time for which payment has beer,
made. A Subscriber finding a (&) cross-mark on
the wrapper or margin* of his paper, will underotanH
that the thrift raid for has expired.
TAXATION OF THE S. C. RAILROAD.
In the United States District Court at
Charleston, Hon. A. G. Magrath made a
motion last week for an injunction restraining
the State Auditor and county treasurers
from the collection of taxes assessed by the
State upon the property of the South Carolina
railroad. The case was argued for the
"rail-road by Messrs. Magrath and Conner,
who were acting for Messrs. Branch, Sons
& Co., stockholders of tl?e company, but not
citizens of this State.
It was contended that under the charter of
the road, granted in 1835 and amended in
1843, the property of the company is forever
free from taxation by the State; that the tax
imposed by the present Legislature, being in
violation of a contract, is unconstitutional;
that the company is unable to offer effectual
resistance to the tax, under the laws of the
State; and that, therefore, the United States
Court alone could afford relief.
District-Attorney Corbin and AttorneyGeneral
Chamberlain replied in behalf 01
the State. Their argument was that there is
a remedy in law, before the State Courts and
the Board of Equalization, for the grievance,
if any, in this case; and that it is not in the
power of any Legislature to so tie up the
hands of succeeding Legislatures that they
cannot tax property within the limits of the
State.
Judge Bryan granted a temporary injunction?not
to settle the question involved, but
in order to bring it before the Supreme Court
of the United States for a final decision.
+ ?
THE AIR*LINE?<'INDIAN LAND."
We are gratified to see a disposition, on the
part both of the friends and opponents of the
subscription to the Air-Line Kailroad, to discuss
the matter before the people. It is eminently
proper that a measure of so much importance
to the county should be subjected to
the test of a thorough discussion. If it cannot
stand this test, the people ought by all
means to vote it down; and, on the other
hand, if it passes this ordeal triumphantly, it
is clearly entitled to the vote of every citizen
who sincerely desires to promote the prosperity
of the whole county.
Our correspondent "Indian Land" considers
the passage of the Air-Lihe Railroad near
Yorkville a sectional benefit, and thinks it unjust
and unwise to tax the wliole county for
the benefit of a particular section. But it
would be difficult to point out a route which
would be a benefit to so many of the people
of York. It is precisely because it is not sectional,
that we favor the Yorkville route.
Coming from Spartanburg directly to Yorkville,
it divides the entire Western half of
the county into two nearly equal sections, and
places every plantation in Western York within
easy reach of an outlet for its productions.
This is the very portion of the county that is
most in need of a railroad outlet, being now
entirely without one. The proposed route
also affords facilities to the Northern and Southern
portions of the county ; to the former by
traversing it in a Northeasterly direction, and
to the latter by connecting at Yorkville with
the King's Mountain Road, which passes
through the heart of the South side, and at
present, owing to the want of railroad connections
at its Northern terminus, is merely a
feeder for Chester. As to the central portion
of the county, it cannot be denied that this
route is the one best located to benefit it. It
will be seen, then, that this route favors a large
majority of the people of York. A subscription
to build it cannot fairly be called a sectional
measure ; but if this is opposed by the
Eastern side, which is already supplied with
a railroad running across the entire length of
that side, the opposition has a sectional appearance.
The burden of taxation is the most serious
argument against the subscription ; but when
it is examined, its strength is more apparent
than real. While it is true that the principal
and interest of the subscription would, in
twenty years, amount to 84ou,uoii, n nas oeen i
shown again and again that there is no prob-'
ability, and scarcely a possibility, that the !
principal will be called for at all or the interest
for more than five years at furthest, j
We do not think an instance can be named
of a town, county or State subscription to a
railroad due in ten years, the principal of j
which' was forced to be paid. Railroads be-1
gin to pay the cost of construction as soon as
they begin the transportation of freight and
passengers. The idea that the Air-Line railroad,
having for its Western terminus the city ,
of Atlanta, which has been for years the gate
way to the West for Alabama, Georgia and i
South Carolina, and is the meeting place of'
several paying roa'ds?the idea that a road 1^
from that city on the most direct line to New '
York, the commercial metropolis of the country,
will not pay a dividend in twenty years,
is preposterous. J:
That the stock of the Air-Line road will i
not be as high as par in twenty years is pos- j 1
sible, but extremely improbable. While it is !
true that all the railroad stocks of South Car- j s
olina are below par now, this fact does not ]
prove that railroads are unprofitable. There j j
is very good reason for their stock being de- 1
predated at the present time. The country <
has passed through au exhausting war, which s
nnlw'niiiioil tlip ruilrnnds. hut nearlv i i
UUl VU1J 1MIUV? V..V * ? ; J
every otlier source of profit in it. It would J
be just as fair to argue that merchandising s
and farming are unprofitable, because so t
many merchants and farmers were rendered i
bankrupt by the war, as it is to say that rail-! i
roads in South Carolina are unprofitable be- j 1:
cause their stock is below par now. Most of t
the railroads in the State were bankrupt in 1
1885, their tracks torn up, their rolling stock
diminished, and their treasuries full of Confederate
notes and bonds. These circumstances
being considered, those roads which were
not sold for debt have abundantly proved that
railroads are profitable. The present price
of their stock, so far from proving that they
are worthless, is a positive evidence of their
recuperative power. The Charlotte road, which
is taken as an example by our correspondent,
was in about as smashed up a condition as
any road in the State. Yet it has replenished
its rolling stock, relaid its track, and rebuilt
many of its burnt buildings. In addition
to this it has consolidated its stock with
a new and feeble road, which was mainly
constructed by its aid. Yet the net earnings
of this road for the last fiscal year were $177,788.00,
or forty-four per cent, of its gross earnings.
When the Charlotte road can do this
under so many adverse circumstances, we
have faith in the paying powers of a road so
favorably situated as the Air-Line, if the
country is blest with a continued peace. Of
course, if we have another social earthquake
the Air-Line will be swallowed up in the general
ruin; but in that case it will be no worse
mail auy uiuei" iuvcstiucui/.
8TATE ITEMS.
? Governor Scott has appointed Mr. Allen |
Jones notary publitf at Rock Hill.
?On Sunday afternoon of last week, Jas.
Bracey and Levi Wood, convicted at the last
term of the Court of Sessions of grand and
petit larceny respectively, made their escape
from the jail in Camden.
? The census return for Greenville county
shows that the white voting strength of the
county exceeds that of the colored 1,590, and
the total white population is 6,632 in excess
of that of the colored, being nearly double.
? On the 5th instant, a colored man on
the plantation of Mr. Lawrence Johnson, in
Edgefield, while in the act of mounting his
horse to go to the field, was struck by lightning
and killed on the instant The horse
was also killed.
? The residence of Dr. D. C. Bennett, together
with the smoke-house and kitchen, situated
fifteen miles below Greenville, on the
Laurens road, was entirely consumed by fire
on Saturday, of last week, with near1' the entire
contents, between $1,500 and $4000.
? A collision occurred on the South Carolina
railroad, five miles from Charleston, on
Sunday, the 9th instant, between the regular
down passenger train and a special train with
oiroTHil lmn/tror) nprsnn* on board, bound for
a colored camp meeting at Ladson's station.
One colored boy, named Joshua Mishaw, was
instantly killed, and Sheriff Mackey and several
colored persons were wounded.
? M. R. Delaney, colored, has been appointed
aide-de-camp to the Governor, with
the rank of lieutenant-colonel. He has instructions
to visit all portions of the State and
impress upon the minds of the colored people
the importance of going to work at once to
improve the land of the State. The plan
which he is to impress, as the .best way to "improve
the land" is very simple. It is to vote
for Governor Scott aud the League.
? "Corsair" writes to the Charleston News,
from Columbia: "Sampsdn, the Massachusetts
chief clerk of Treasurer Parker, (of Massachusetts,)
who is in jail for forgery of State
bond coupons, is to be tried for the felony
here in South Carolina; but the authorities of
New York are urging the State authorities of
this State to send a requisition for Metcalf,
who is in prison in New York. It is not very
apparent to our lawyers why he (Metcalf) is
not aiqeuable to the laws of New York. Others
are trembling in their shoes here about
it."
? The new President and Vice-President of
the Greenville and Columbia railroad made
speeches in Greenville lately. They promise
two passenger trains over the road daily, great
reduction in freights and passenger fares, and
a live road generally. They have taken hold
of the road to make money, and they intend
their management shall benefit both the stockholders
and the country traversed by the road.
Tko vnlli'nrv ot/vlr is in he replenished, and a
J. 11U IVlliUQ LHIUV?? ?V ?W ~ ? J
telegraph erected along the line.
? The Columbia correspondent of the
Charleston Republican says: "Great activity
is being shown now in pushing the work on
the Blue Ridge Railroad. The company has
all the means necessary to carry on the work.
The bonds issued by the act of 1868, to the
amount of four millions, artf now being signed,
and a commission has been appointed, consisting
of General Gurney, Governor Scott,
and General Harrison, President of the road,
to negotiate the same. The bonds are seven
per cents., the interest being payable semi-annually,
in Charleston, New York and London."
? On Thursday night last, a party of intoxicated
United States soldiers entered the
shop of Mr. Miller, on Main street, Spartanburg,
and behaved in such a boisterous and
disorderly manner that the proprietor ordered
them away. They refused to go. A fight
ensued in which Miller was somewhat discomfitted,
but he finally succeeded with some
assistance in putting them outside, when they
began to bombard the shop with stones, breaking
out the windows and smashing up things
inside generally. Miller fired upon them with
a pistol, wounded three and put the others to
flight.
? Week before last the section of country
lying near the line between Greenville and
Laurens counties was visited by a disastrous
hail storm. About four miles from Clear
Spring, the storm of wind and hail raged
fiercely, doing great damage to the growing
crop, the hail-stones covering a large area of
ground to the depth of three inches. The
loss is a very heavy one, the wheat in that
belt being entirely destroyed. The windowglasses
in the residence of Dr. Hunter, facing
the direction from which the storm came,
were badly shattered, and the wind was so
strong as to excite much apprehension as to
the safety of the house. The hail fell also in
other sections of the country, but, fortunately,
not in sufficient severity to do great injury.
? A correspondent of the Charleston Republican
gives the following account of the
doings of an escaped convict: "A colored i
man by the name of Eli Mack escaped from '
the Penitentiary some time since. It appears J
that he went to Sumter, wbero he was seen j
frequently on the streets, and 011 a certain occasion
visited his brother at the county jail;
but as he was a stranger, was not captured.
His sister, a girl attending school at Sumter,
aid that she would tell the authorities where
lie could be found. He, hearing of this, on j
Monday night last took his sister from the i
iiouse where she was stayiug, and deliberately !
;ut out her tongue. Previous to this he is
said to have outraged three women. The '
State constables attempted to arrest him in j
Sumter, but one of them, Butler Spears, was
.hot through the belt. The escaped convict I
hen took himself to the swamps, where he re-!
nained till a day or two since, when he came :
lear to the village and sent word to Butler
spears to come to take him. He then reurued
to the swamps; and at last accounts '
lad not been captured." ;
CONGRESSIONAL. y
On the 10th, in the Senate, the bill to reduce
the army to 25,000 men, and to retire a
number of officers, was called up. A long
debate ensued, but before a vote was reached,
the legislative, executive and judicial appropriation
bill was talcen up. Pending the debate
on the latter bill, the Senate went into
executive session.
In the House, Mr. Kelsey, of New York,
from the committee on appropriations, reported
the pension bill with Senate amendment,
and recommended non-concurrence. The report
was adopted. Gen. Joseph H. Lewis,
of Kentucky, formerly a brigadier-general in
the Confederate service, was sworn in as successor
to Mr. Golladay, resigned. The Senate
joint resolution authorizing the Northern
Pacific Railroad to issue bonds, secured by a
mortgage on public lands, was called up.
Four hours were consumed in "fillibustering"
on this land-grabbing scheme, which was aid- <
ed by a strong lobby pressure; but the opponents
of the measure succeeded in defeating it
temporarily by an adjournment.
On the 11th, in the Senate, the legislative
appropriation bill was taken up., and several
, amendments to it adopted. Among these
was one appropriating $500,000 for the erection
of a new State Department building in 1
Washington, which was carried by a vote of
41 to 15. This is regarded as decisive against
the removal of the capital from that city. ^
<H In the House, a bill was passed appropriating
$500,000 to supply deficiencies for compensation
and mileage of members and delegates,
for the year ending June, 1870. The
Northern Pacific railroad bill was resumed
and, after a long discussion, referred to the
committee on Pacific railroads. The tariff
bill was taken up in committee of the whole.
Several sections relating to manufactures of
iron and steel were disposed of.
On the 12th, the Senate resumed the bill
to reduce the army to 25,000 men. An amendment
was adopted fixing the number at 30,
000, which was done on the representation of
Southern members, so^alled, who thought no
troops could be spared from the South just
now. A motion to strike out the section providing
for the retirement of officers was rejected.
The section fixing the pay of generals
of all grades was stricken out, after which the
bill was passed. It goes to the House.
In the House, the tariff billtwas resumed.
Mr. Wood, of New Yor^'lnmiared of Mr.
Schenck whether it was aenodSly his purpose
to continue the consideration' of this bill. It
had now been before the House nearly three
months, and only 21 pages of the bill had
been disposed of. He wanted to know if it
was policy to continue with this bill, when it
was patent to every one that it could not possibly
pass. Mr. Schenck said it certainly was
his purpose to push the bill forward. Several
amendments were then offered, and then the
roll being called, no quorum was found to be
voting, the opponents of the bill not answering
to their names. This fact gave rise to
much discussion. In the evening session, the
House passed the pension bill.
On the 13th, inrthe Senate, Mr. Sumner introduced
a bill designed to secure equal rights
to all persons in railroads, steamboats and all
public conveyances, hotels, licensed theatres
and houses of public entertainments, common
schools and institutions of learning authorized
by law, church institutions and cemetery associations
incorporated, also as jurors in the
courts, national and State. The bill was referred
to the judiciary committee. The payment
of salaries to government employees in Wa&h-J'
ington was discussed. The old question about
the relative pay of male and female clerks
was argued at length, but nothing came of it.
In the House, the tariff bill was resumed,
and amended so as to make the duty on fiour
of wheat, rye, oats and corn uniform at one
cent per pound; on ship-8t"ffs, &c., twenty per
cent, ad valorem; on wheat 30, rye 20, barley
25, oats and corn 15 cents per bushel. The
rli.fT nrt Wotnaa waa innrPftHPfl fmm fiftfifin
UUtJ VI1 fU WVU IIMW ?
to twenty-five cents per bushel, and on peanuts
fixed at two cents per pound on unshelled
and three cents on shelled.
On the 14th, neither the Senate- nor the
House was in session.
On the 16th, in the Senate, the b31 to enforce
the 15th amendment was considered.
An amendment was proposed to enforce the
proceedings by United States District Attorneys
in several districts against persons holding
office who are ineligible under the 14tb 1
amendment, imposing upon conviction, a fine
and imprisonment and disqualification for office
thereafter ; also re-enacting the civil
rights act. No vote was reached on'this 1
amendment.
In the House, the tariff bill was postponed
until after the'passage of all appropriation 1
bills, which is equivalent to an indefinite post- 1
poneraent. The ways and means oommittee "j
reported a partial internal revenue bill, which '
proposes to reduce taxation $33,000,000. The j
bill to protect colored citizens in the exercise '
of suffrage, providing penalties against all
who attempt to prevent the exercise of this !
right, was passed. 1
MERE-MENTION. 1
General Longstreet was marshal of the day ]
for the Fifteenth Amendment celebration in
New Orleans. The emigration to the s
United States and Canada from Liverpool 1
this spring, has set in with such vigor as prom- <
ises to outstrip the exodus of any former 1
year. Ex-Confederate General Wigfall <
is at Central City, Colorado, representing an i
English mining company. The national I
debt of England is ?801,000,000. About twice '
as great as the present debt of the United
States. General Jubal A. Early is to <
settle down permanently at Lynchburg and ]
practice law. It is rumored that the <
Mormons are looking to Mexico as a place of i
refncrp Thp. latest intoxicatinc fluid out (
6~. 0
is made in Tennessee of sweet potatoes. Prac- i
tical experimenters say it goes further, lasts 1
longer and makes a quicker and more endu- 1
ring fuddle than any other lightning liquid i
now in use. Bishop Simpson lately stated |
at Cleveland, Ohio, that the Methodists i
throughout the country have dedicated, on r
an average, two churches a day for the last (
three years. The Postmaster-General i
says if the bill abolishing the franking privi- i
lege is passed, he will be able to reduce letter (
postage'from three cents to two cents per half I
ounce. An anchor bearing the name of j
Americus Vcspucius, after whom America is ]
named, and supposed to have belonged to him, (
is now 011 exhibition at Brussels. A fe- (
male preacher married a couple lately in i
Iowa. At the end of the ceremony, the minister
kissed the groom. A clarionet, half e
silver and half ivory, was among five musical 1
instruments recently discovered at Pompeii. a
The recent rise in the Mississippi is in some ?
places greater than has been since 1828, and a
is doing immense injury to crops, houses, gar- c
dens and stock. Violets, fried in butter and c
sugar, is the latest invention of Paris gour,- q
met*. Robinson's circus is advertised to c
exhibit at Anderson on May 30. The t
monuments to ex-President Lincoln and the i;
denial of a pension to his widow in need, is a t
fery good illustration of asking for bread and j
jetting a stone. There is a bill now be- \
'ore the British Parliament to give the suffrage |
jo women, and the friends of the measure i
reve strong hopes of its passage. Many
ioubts are now being raised as to the possibility
of the adjournment of Congress before the
5rst of August. A Delaware woman is
ibout getting a divorce because her husband
jumped on the backside of the bed at an
ilarm of burglars. A New York judge
committed a cross-eyed woman for contempt
ef Court, because she didn't look at him when
told U). 10,404 immigrants arrived in
New York last week. 'When an Indian
2arap is captured by Sheridan's troops the
loose scalps are secured by the boys and sent
east forqhignons. At the Southern Baptist
Convention in Louisville, Kentucky, recently,
it was decided not to unite with Northern
societies at the present time, as they doubted
the benefit to arise from such union. j
?. ? ?
EDITORIAL INKLINGS.
Serious Trouble in Paris.
Cable * riegrams from Paris "port serious
disturbances in that city on the night of
the 10th. Barricades were erected in the
Belleville district, which were for a long time
stubbornly defended by the populace, but fi- j
nally carried by the military at the point of |
the bayonet. A number of other engagements j
occurred throughout the city, in which a number
of soldiers, policemen and citizens were
killed. The military held Belleville district
through the night, allowing no one to pass
through the lines. The jtolice and rioters
used fire-arms freely, but the military made
no general use of them. Order was restored,
and though crowds collected at various points
on the next night these were dispersed without
any outbreaks. " .
The Episcopal State Convention.
The annual convention of the Protestant
Episcopal Church of South Carolina met
in Abbeville on the 12th instant, with full
quorums of clerical and lay delegates. Bishop
Davis presided, and Rev. J. D. McCullongh
preached the opening sermon. Mr. McCullough
was unanimously re-elected Secretary,
and appointed Rev. W. P. Dubose his assistant
Mr. F. P. Elford was unanimously reelected
Treasurer. Rev. R. 8. Trapier was
appointed the next prehcher before the convention.
The annual reports of the Standing
Committee and of the Treasurers of the Convention
and the Bishop's Fund were read.
On Saturday the rifll&f confirmation was ad
ministered, and on" Sunday there was an ordination,
which are the latest dates we have
received.
Stability of Judicial Decisions.
A correspondent of the Salisbury Old
North State, who has been examining the Reports
of the North Carolina Supreme Court
for the January term, 1870, has ascertained
that of one hundred and twenty cases carried
up from the lower courts, seventy-seven were
overruled. The average C03t in the Supreme
Court for each case, exclusive of fees to counsel,
is stated to be $42. The blunders of the
District Judges therefore cost parties to suits.
$3,200 for one term alone. The correspondent
comes to the conclusion that judicial
guessing is very unsatisfactory, as well as expensive,
to the victims. Judge Watts carries
off the palm for legal acumen, twenty-one
out of twenty-five of his decisions having been
over-ruled.
Comparisons, as everybody knows, are odious
; still we would like to see a similar report
df the decisions of the South CaroKna judiciary,
just to see which can "guess" best.
Tne Air-Line in Greenville.
A meeting of the executive committee
appointed to attend to the interests of Greenville,
as connected with the Air-Line railroad,
was held on Saturday, the 7th. Gen. W. K.
Easley, the chairman, made a report, stating
that the road was to be built in two years, and
that a most favorable contract has already
been made with a responsible contractor. 8o
" > ? J- ? J i-~
rar as ureenvuie is cuuwrueu, ue miu mc
people need not expect the road to pass through
it unless .the sum of three hundred thousand
dollars is raised there, which has been pledged
by the county and city, and will be called for
in instalments. The track is laid from Atlau-'
ta to Gainesville, Georgia, and is now beingput
down at the rate of one mile per day from
that place to the Savannah river. As soon as
the needful funds are secured and the route is
determined, grading will begin both at Greenville
and Charlotte. A committee of seven
was forthwith appointed to report a plan for
raising the money subscribed by Greenville.
State Endorsement Restrained.
A case was brought before Judge Melton
last week in Columbia, which is of great
interest to tax-payers generally. It is an application
for an injunction restraining the
Comptroller General from endorsing, for the
Slate, bonds of the Blue Ridge railroad company,
amounting to $4,000,000, under authority
of an act of the Legislature passed in 1868.
The application was made by prominent citizens
and tax payers, on the ground that it is
unconstitutional for the State to endorse any
but its own bonds. Judge Melton granted
the injunction temporarily, and ordered a
bearing of the case for Tuesday last.
If the endorsement of these bonds is unconstitutional,
the injunction was granted none
too soon ; for the Phoenix says Mr. Neagle
indorsed one million of them on Friday night
last, and it is important that the news be circulated,
in order to protect purchasers who
flly-invest in these bonds on'the strength of
their endorsement by the State.
The Bank of the State.
In 1838, the Legislature of South Carolina
passed an act to rebuild the city of Charleston,
which had then recently been partially
lestroyed by an extensive fire. Under this
ict the State issued bonds amounting to $2,300,000,
which were known as the Fire Loan
tnd secured by the assets of the bank of the
State. Baring Brothers, of London, who are
;he principal holders of these bonds, brought
rnit against the President and Directors of
;he bank, in ordfir to get possession of its aslets,
or so much as will redeem the bonds,
rhe suit was resisted by Dabney, Morgan <fc
Co., who hold bills of the bank and claim that!
under the charter, granted in 1812, bill-holders 1
ire preferred creditors. ' Judge Carpenter ren- j
lercd a decision last week, putting Fire Loan :
bondholders and stockholders of the bank on
in equality and establishing for them a prior
ien on the a&sets, and giving a pro rata share
)f the residue to the bill holders and other
creditors.
Sunday-School Convention.
A convention of Sunday-School Teach- i
:rs of all denominations met iq Charleston i
ast week. Twenty-six counties were repre-1
ented, Rev. T. R. Gaines and Mr. H. L. I
)tough being the delegates from York. The !
essions of the qonvention occupied three days,
luring which many subjects of interest were j
liscussed, prominent among which were the j
[ualificationsof teachers and the best methods j
if imparting instructidh and securing the in- j
erest of scholars in their schools. Reports j
n writing and statistics were received from all. i
he counties represented. It was resolved to ]
print the minutes of the convention, and a
collection, amounting to $90, was taken up
for that purpose. A committee of five was
also appointed to raise from each county funds
sufficient to defray the expense of printing
1,000 copies. Altogether the convention was
a great success, and it cannot fail to infuse
new life and vigor into the Sunday-Schools of
the State. The convention adjourned on Saturday,
to meet in Charleston on Wednesday
following the second Sunday in May, 1872.
The Valne of Railroad*.
Col. William Johnston, President of the
Charlotte, Columbia and Augusta railroad,
who certainly knows something about the expenses
and profits of railroads, in his last annual
report, says:. "No species of property
contributes so much to develop resources and
create wealth as railroads. No railroad constructed
fifty miles in length, and properly
maintained for five years, fails to impart more
in iht> acniinn ihrnnnh tnhinh it. rtClMSS than
its first cod."
Col. Johnston's own road is a striking example
of the ease with which a railroad can
pay for itself in a few years. After paying
all the ordinary expenses of maintenance, the
Charlotte road last year paid out $100,000 for
locomotives and cars, and $44,000 for taxes,
and still had $177,000 net profits. This,
too, within five years after one-fourth of the
j road was virtually rebuilt and within one
year after another fourth was originally built
Is it visionary, then, to expect the Air-Line
to pay ten per cent, on its stock within five
years after it is in operation?
Learned Disquisition on Hair-Fins.
Daring a recent debate on the tariff
bill, Mr. Brooks, of New York, moved to
change tlie duty on hair-pins from 50 to -35
per cent Mr. Schenck replied, stating that
unless the duty was fixed at fifty per cent,
Mlair-pins would be subject to a lower duty
than the wire of which they were made. Mr.
Brooks defended his motion, saying that the
House had already imposed an additional
" ?-A- ?11 d-V. n
uuiy uu furecuj auu ivii mo a^yuiuouooii/wj
thereto belonging," and as he wanted some
respect paid to the jgarraents and gear of the
women, he was in favor of knocking off fifteen
per cent from hair-pins. Mr. Schenck explained
that hair pins are either iron manufactures
non-enumerated, or iron rolled and
hammered, not otherwise provided for?he
didn't know which, and therefore they ought
to pay fifty per eent This lucid explanation
had the desired - effect, and Mr. Brooks' motion
was lost
The ladies will consequently pay fifty per
cent tariff for the privilege of putting "rolled
or hammered iron" in their tresses, or those
of deceased horses, with which they supplement
their own. ' ' *
Popular Vote in France.
The recent troubles in Paris were in
part owing to a vote taken throughout the
French nation, on a proposition submitted to
them by the Emperor for their approval or
rejection. He was induced to this step as a
means of silencing the opposition in the corps
legislatiff; for he knew very well that he
could control the result, which at the same
time, as the voice of the majority of the
people, would be a formal rebuke to the opposition.
The proposition voted on was termed
a plebiscitum, which a New Orleans paper
defines to he the French for "Shoo fly," but
in reality is "a decree of the people." It was
as follows:
"Will the French people accept the liberal
modifications of the constitution of 1862 on
the presence of the ohambers; 2. Institution
of two following bases: 1. Responsibility
of Ministers in Legislative Chambers; 2.
Restoration of the constituent power to the
nafinn "
The vote was 7,210,296 for the plebiscitum,and
1,530,610 against it, which is very flattering
to Louis Napoleon, if it means anything.
Death of John Caldwell, Esq.
The Phoenix of Tuesday says: j-<:
"We have this morning to announgh.the
death of one of the oldest citizens of Columbia.
Mr. John Caldwell died in this city on
Sunday evening last, after a long illness. The;
deceased was born in Newberry, S. C., and.
was-over seventy, years of age. Mr. Caldwell
was an active and enterprising man in
the affairs of life. For a length of time he
was a merchant here, and fbr many years he
served the South Carolina Railroad Company
as its President He was upright in business
and of independent views.
"In recognition of Mr. Caldwell's .services
as former President of the South Carolina
Railroad, the depot here was closed during
the funeral ceremonies, and business suspended.
The city, bell was tolled while the procession
was on its way to the cemetery."
The New Internal Revenue Bill.
A Washington telegram of the 16th
says:
"The new Internal Revenue bill was reported
to-day. It takes taxes offnearly everything
except fermented liquors, distilled spirits, tobacco,
cigars, stamps and incomes. The tax
on sales, except on liquor dealers, is abolished;
also, the tax on legacies and successions, and
the gross receipts from railroad corporations,
etc., though the tax on theatres and lotteries
is retained. The income tax is fixed at five
per cent., with an exemption of $1,500; but
all the inquisitorial features of the tax are
abolished. The tax on gas, pianos, carriages,
watches, Ac., is done away with. A tax of 3
per cent., per annum is levied on all public
moneys deposited in banks. The amount reduced
is about $33,000,000."
School Elections in Union.
The following is the result of the elections
in Union county last week, for School
Trustees in the several townships:
ifnion Towmkip:?J. S. Mobley, G. B. Can- ;
non and Alex. Walker. Colored Republicans.
t -M. d T T \\T I
dUTlCBVlUG* U* A* ivcuucuj| a . ? ujcvii
and T. L. Hames. Reformists.
BoqansviUe.?Mitchel West, Jasper Gibbs
and J. H. Williams. Reformists.
Simsville.?Charner Dawkins, B. G. Cannon
and Milton Wallace. Colored Republi- '
cans.
Pinebieyville.?R. V. Harris, Y. N. Kelley
and John McGowan. Reformists.
Cross Keys.?W."H. Norman, C. B. Bobo j1
and Y. 8. Bobo. Reformists.
Ooudeysville.?Charles Petty, Esq., M. S. IJ
Lynn and A. Suratt Reformists. j'
The Finishing Tonch. . 11
On the 13th instant, Mr. Sumner intro-1 j
duced a bill supplemental to the civil rights ! ]
bill, which he called the "crowning glory of! ]
his anti-slaveiy record." Its purpose is to ' ]
bring about the absolute equality of all races
and colors, even in the grave where dust re- '
turns to dust. Of this bill the correspondent ]
of the Baltimore Sun says: j (
"It provides in etfect for absolute equality j i
of all persons in the enjoyment of all kinds 1 (
of proper privileges, without distinction on |
account of race or color. It requires all hen ' (
tels, restaurants, railroads, theatres, churqhes, i
concert halls, academies, common schools, col- j c
leges, etc., to treat all alike, and imposes pen- c
alties, punishable on conviction in a United i
States court, for any refusal of any privilege e
to any one on account of he or she' being of ]
African descent. The bill is so sweeping that: a
it prohibits cemeteries even from being devo-1 \
ted to the sepulture exclusively of white peo-1 r
pie or of colored people. The bill was refer- j t
red to the judiciary committee, from which its ; a
author hoped it would soon be reported and ; r
passed into a law." | e
LOCAL ITEMS..
. . /
NEW ADVERTISEMENTS.
Carroll, Clark ACo.?Molas?e?.*-B?e6n?Summer
Casslmeres?Saveyour Wheat?Lard?Tobacco?Country
Flonr?YetMng?CorsetsShoes?Hatu?Goods
Cheap.
T. M. Dobson A Co.?Pocket Levels?Ritia Trig-,
gers?Shoes?Calicoes?Nice Lenos?Groceries?
Ladies' Hats?Halloo! Mister?Great
Bargains?Well Chains?Garden RakesShuffle
Hoes?Mule and Horse Hames?
Garden Trowels?Kentucky Jeans?Cottonades?Gentlemen's
Hats?Hardware.
Thomson A Jefferys,' Assignto the
Creditors of R. A. Lathera, Bankrupt.
Hamilton Wilson, Administrator?Application
for Discharge.
John May, Agent?Just Received. '
R. S. Moore, President-^Railroad Meeting.
M. Jones, Deputy Collector?Internal Revenue
Tax Notice.
_____ *
MUNICIPAL ELECTION.
The following gentlemen have been elected
members of the Town Council of Rock Hill:
Intendant.?J. R."Allen.
Wardens.?Dr. T. L. Johnsoh, .7. M.
M. W. Russell, John Rataree.*
DROUGHT.
We regret to learn that the drought con*
tinues in this section. Some parts of this
county have been without rain for six weeks>
and plowing has nearly ceased. This unfortunate
state of affairs is telling very seriously
upon all the crops, but more especially on
wheat and oats.
SERIOUS ACCIDENT.
We regret to learn that the kitchen of Mr.
John Smith, pn Broad River, was burned on
the morning of the 13th instant, between one
and two o'clock. The kitchen was in close
proximity to the handsome residence if Mr.
Smith, and the fire had made such progress
before it was discovered, that the flames could
not be arrested. The residence was badly
scorched; but through the handsome,conduct
and energy,of the freedmeri?employees on
Mr. Smith's place?it was saved, Mr. Smith
attributes his safety entirely to their praiseworthy
conduct in his behalf. This conduct
ia tKfl mniv nnmman/laKla lnaamiinVi as tVifir
services, were attended with serious danger.
Several of them were seriously scorched and
otherwise injured from the fire. n
.SHELBY AND S. C. RAILROAD.
We have the pleasure of announcing that
there is every prospect of the construction oi
a railroad from Morganton, North Carolina,
to Yorkville, in a very short time. A company
has been formed and a charter obtained
from the Legislature of North Carolina, for
the construction of a road from Morganton,
via Shelby, to the South Carolina line. Plato
Durham, Esq., a prominent and energetio citizen
of Shelby, has been elected President of
the company. It is intended to buihh the
road to the State line, under the charter of
the company; and from that point to Yorkville
under the charter of. the King's Mountain
railroad company. -s.ii < .
Mr. Durham was m this place lasfweeki,
and attended a meeting of the directors of the
King's' Mountain railroad company. ..fie
made a proposition to them, offering, on the
part of his company, to build the road from
the State line to Yorkville, provided the King's
Mountain railroad company will ensure the
payment of the aunual interest, at eight per
cent, for two years, on bonds of the Morganton
company to the amount of 8100,OOOj and
secure the right of way, . ,
Tije proposition was favorably received by
the directors of the King's Mountain railroadj
and arrangements are now being made to
comply with the terms, with a strong probability
of a successful result Mr. Durham
farther agreed that as soon as his proposition
was formally accepted, he would order a survey
of the route at the expense of his company,
and begin work within ninety <days.
As may be seen by reference to our advertising
columns, a meeting of the stockholders
of the King's Mountain Railroad is called for
the 13th of June, to take ift consideration the
proposition of the J3helby road.
i* . ' t /' i - .?
AIR-LINE?COUNT! CANVASSERS.. {
As there were some errors in the names of
canvassers published last week,and the names
of some persons were inadvertently omitted,
it is thought proper to republish the.appoint*
ments. <joi. w. c. wiison, cowman oi-tne
canvassing committee, Has handed us the following
corrected list, and in case other names
are added to it in future, dile notice will be
given: i< v ..
FOR BLAIR8VILLE, WYLIE's STORE, BOYDTON,
AND WEIR'S.
Canvss&rs.?Rev. R. A. Ross, Maj. J. F.
Hart, Gen. E. M. Law, John J. Wylie, Esq.,
J. K. Wagoner, Esq., Rev. Baker Russell,
Tarlton Camp, Dr. R. T. Allison,.S. G. Brown
and Jrtev. Samuel Hunter.
FOR BETHEL AND CLAY HILL.
Canvassers.?Col. I. D. Witherspoon , I*.
A. P. Campbell, Maj. A. A. McKenzie, Dr.
Thos. W. CampbeH, June Moore, Wm. MoCarter,
Rev. Elias Hill, J. C. Phillips, R. H.
Glenn, Wm. Sahms, Dr. J: B. Hunter, and
Isaac Adams.
FOR FORT MILLS AND ROCK HILL.
Canvassers.?Col. A. B. Springs, Col. R. G.
McCaw, Col. W. B. Wilson, John L.Watson,
Esq., J. Hannibal White, John Meade, F. M.
Davie, Nelson Hammond, Nelson Davies, Dr.
J. M. Lowry, Gen. E. M.%Law, P. J. O'Connel,
Col. John M. White and Dr. C. L. Clawson.
FOR WESTBROOK's AND m'CONNELLSVJLLE.
Canva88er8.?John S. Bratton, J. C. Chambers,
Esq., D. T. Lesslie, R. L. Crook, Cpl. H.
H. Drennan, Jeflersoa McCall, Rev..Anderson
King, Rev. James Moore, Wm. B. Williams,
Esq., J. Bolton Smith, Esq., ReV. R. Lathan
and Sampson Bratton.
The canvassers will address the people? .
At Westbrook's, on Thursday, 19th May..
At McConnellsville, on Saturday, 21st May.
At Blairsville, on Friday, 13th May.
At Weir's, on Friday, 20th May.
At Boydton, on Thursday, 19th May.
At Clay Hill, (Tate's Store) on Saturday,
21st May.
Chester Items.
*?From the Reporter of last week.we get
the following items:
Nancy Hudson, who was sentenced at the
last term of the Court to thirty days imprisonment
and a fine of 830 for receiving stolen
goods, was pardoned last week by Gov. Scott,
and all the costs of the prosecution remitted,
thereby throwing the burden of their .pay- .
A ?? iU A AAiiM^t* TI in fllllf fllD .
IliCUb till U1C UUUUtJ* lb iO aC^/w* tvu miuw vuv
residence of the said Nancy is one of the
places where the League meets regularly.
Rev. Dublin Walker, a negro, has been 1
20mmissioned by Gov. Scott as School Commissioner
for Chester county, in place of Liv- j
ington, resigned. The Reporter thinks the I
;hange is for the good of the county, though ;
t is "forced to believe the opportunities of j
;he Rev. Dublin have not been such as to
jive him the necessary qualifications for the'
iflfce." * i
On Saturday thd 7th, a celebration in honor;
if the fifteenth amendment, or as some of the ,
:elebrators had it, "the fifteenth commandnent,"
was held in Chester. The big speak- j
srs expected did not come, and Purvis, of
Lexington, was promoted to the post of "oritor
of the day." The staple of nis remarks
v&b a warning to his colored brethren to put!
io trust in white men who join the League at
his late day, as they are only "smelling
tround for the flesh-pots." Wimbush, Barley
Humphries, and one or two of the smallr
fry also entertained the crowd. Every
thing went smoothly, with the exception of
some unpleasantness among some friends of
rival candidates.
# ?
1 For the Yorkvllle Egquirer.
AIR-LINE RAIL ROAD."
,. Mr. Efitpr I baye read
discussions regarding this great enterprise.
While clearly in favor of this road passing
through the county of York; tbid Jhxatio-n
proposition is a hurried, undigested, sectional
measure. Even if the proposition is untieservisfTjof
theee epithets, it is no leK Opi^o?able
that the people of York county should
be taxed for the benefit of any particular section.
i Subjected as they are now,-froii necessity,
to heavy taxation^ it is unwise for them
to increase their liabilities. Much has been
said and written regarding the exact location-,
and regarding the advantages to be derived
therefrom. More respect has been paid to
these ideas than to the more important feature
of taxation. t ' . A /
.UJi/ti 11 9
For a sectional benefit, it is proposed to
wring from the tax payers of the county gf
York $14,000 annually , for twenty years j
Now, Mr. Editor, don't allow any one to whittle
this beam to a point and call it oniy three
mills on the dollar?continue it twenty years,
and call it by its true name?say $280,000 of
interest alone?$80,000 more than the face of
the original bonds, making the principal and
interest together, at the expiration df twenty,
years, amount to four hundred eighty
thousand, or nearly one-half million of dolla^!"'
Now the enormous jnterest must be collected.
Taxation will come to us for this purpose every
year as surely and as regularly as the rising
sun. Death and taxes are two things a man
-raruy escapes i Ai jfie expirqtwn 01 iwtally
years the original bonds will lull due.
Kow it is said that the stock of the Airline
Rail Road will beat par in twenty years, and
therefore, that the bonded debt can be liquid?
ated without additional taxation. If so, it
will be an anomaly in the history of rail roads
in the Souths There is not a rail road within
the limits of South Carolina to-day, whose stock
is at'par. The} stock of the Charlott^ Columbia
& Augusta Rail Road, a very flourishing
road, and one of the connecting links' jn $< >
great, thoroughfare between the North 'and
Sh.uih, is worth ' only 50 cents on the dollar.
' Korth Carolina Rail Road stock is ouly 30
, cents. Again, it W said'that dividends aris,
ing from the stock; will diminish the amount
nece&ary to be raised by taxation. ffijgOk
true oftnejjfock of most Southern rail roads,
is true of dividends. Long standing rail roads,
through densely .populated countries, sometimes
do pay divided..
; enterprises the neOessities aire such thijii a/ftXs
/ur^ are reqaird.^ mMt liabiiitira and ex'
penses. We take it, therefore, as very /qqestionable,
if the Air-Line Rail Road pays any
dividend at aH in twenty years.. Rut the proposition,
if carried intbeflect, has still'^irther
probable results... The county is thereby made
liahJe for /its bonds, amounting to $200,000.
The purchased stock, if like thestodsur the.
, C. C. & A. R. R., it should he depreciated^?
50 per cent of its par value, will be .worth
$100,000, In this not improbable event,; how/
is the remaining $100,000 to be met f j-JEitber 4
x by renewed bonds or .by/ (oration. Sinewed
bonds will not pay the debt, ii It will isimply ^
1 . _ ..ii Tk < m ,?n a
prolong payment. jwv Kuxuionwutpay mas.
the rate of $21 on evBry$1000 worth of pop*
erty, and this will be. in additian'to the $14r
, 000 drhich the county will have i been paying
i each year for twenty years! v <***<-+
To be taxed twenty years with the interest'
on these bonds, and then probably to be taxed i
to pay one half of the principal for the benefit i
and advantage of one section, to the prejudice
and injury ef otheru sections of York oouDjy/'
is a grievous injustice, and we call upon ooh
fellow citizens of York county to assist us in
putting down- this sectional scheme at the ballot
box, on the 28th instant'!*. ? ?'ft
INWANXAND.
i . * '** *'* r " ;f 4 *' 1 '
For die YorkvfUe Eoqiilrer. ( j
THE AIR-LINE RAILROAD.;
Mr. Editor : It is proposed to the people
of York county to vote, in: a few days, upon:
the proposition to subscribe $&)0,000 to tbe
above-named road, if fovorably' located, in,
twenty-year bonds, bearing interest :at seven
per cent per annum. The ^question to be
considered by those who vote .on the! pfopoeir i '
tion is, Will rr pay? Let us examine some.
j of the items ofeoAtand profit, and then. de>termine..
.
Gostx?X'ilbe assessed value bC property;
in York county, we are informed,-aggregates,
about $4,923,000. Thp annual interest- an the i
bonds will be $14*000, or $2.8b on- the $1000?
worth of property. The person whose 1
erty is assessed at $?000 will pay $11.38 of:
taxes each year for interest on these bonds. >
2. When the bpndfe mature, ttceety year#'
hente, if they will' have to be paid,; this will
require an assessment equal to four per cent
of the present assessed value, of the property
in the county. "* /ano;
Profit.?1.- There wili be ?"fcavfog of
$1.25 per bale on cotton shipped direct by*
Charlotte by such a road, which is new deduct
ed from the price when sold in Yorkville.1
The person .worth $4000 who prodifctt' tefi'
bales for market, realizes $12.50 mofdou-the
lot to offset his taxes 6? 11.36. '
2. The same person possesses the advantage,
through cheapened freights, of selling1
his other products higher, and buying what
he does not produce cheaper, thus noaligiag ? '?*
more than his outlay for interest
3. Property values, especially real estate*
will be enhanced in value to an amount more
I fVmn cnffinionf fn pavpt thp. fntir TV?r rent, to
redeem the bonds.
4. The subscription is not given to the
road, but stock taken in'exchange. With ordinarily
prudent management, the road, when
I completed?say in four years?will pay back
! a dividend on this stock, which, in all proTfa'
hility* will be Entirely sufficient to cover the
| interest on the bonds, thus leaving us all the
1 advantages afforded by the road, without any
1 further outlay for interest
5. At maturity, this stock can be disposed
of to redeem the bonds outstanding, without
any further taxation being required.
1 These figures are based opon the present
assessed value of taxable property in the
county. ' hat value has been steadily Increasing,
since 1*866, at the average rate of
$1,000,000 annually. Each additional dollar k
of value brought into the county increases
the taxable fund, and reduces the pro rata on
each individual. The road itself, when completed?a
length of over thirty miles through
the county?will add nearly a million of
itnllom nf fnv#H? nrrvrwrfv Tt litfl flip in.
dividual, must pay its pro rata of these taxes.
If this annual increase of wealth continues
in the future, as it has since 1865, eveh at less
rapid strides, there is no reason why the tax
to pay bonds at maturity?should taxation
have to be resorted to?should not be.distributed
over $20,000,000 of property, instead of
its present value of $5,000,000.
Many people are disposed to regard railroad
stock as a poor investment, owing to the
present bankrupt condition of the roads in