The daily phoenix. (Columbia, S.C.) 1865-1878, December 07, 1865, Supplement, Page 3, Image 7
Serious inconveniences oft? n result from the Jitii.'
&ecuring charter* fer railroad, manufacturing, mluinc
nies, intended to develop tho wealth and resources of
time is necessarily consuuu ? iii tl.-- consideration of cat
the statute Li-ok is eucuiabcred \> it li these numerous
tion. To facilitate th? formation ,>f all companies wlie
to venture th<-ir meale, te d' .. lo > thc industry, wealtl
resources ef the State, 1 rtcv.tuni' nd th. passage of a ge
poratiot?, and when i ts-prov is i ons : re complied with, t!
to thc- capital steel; oe dcclste : a L.'dv politic.
By Vet of th.; Genend Av em 1.h ia 1RJ7, Uie State
secure u loan for tho Lotus-.?]:. . Cincinnati and Chark--'
pan v. aud authorized tie, C< rn: trollt r-General to cud
du-Company, pledgir g "tho .:';{!. and funds of the S
performance oi tho e-ntract." The bonds, amotinticg
loUars, were issued and .endo?: cd, ami will fall due th
acxt. Thc Company ca itnot nay the bom1.-, and the t
tlie present time, :. : !.. ! the endetsement. it :
principal bul!.l-l:ol art* vHiing to extend tho deb
longer, if the State .vi?I rene\ lu-r gunraniy. The Stat
mortgage on the :..: .! ?nd '.j on its ?euewal, I reconnu?
bc given the Cov.jo.i-, ?;. r-Co ,.. ral. or the Treasurer, to i
ment ot i! e no? Loud-, thai ; < be required liquid
\0 i.a rea--'d liulnlil;. o:, tho }%ui of thc State will be
may reasonably putieipaU tb .'. within thc- next twenty v.
eau pay th.- bond- ; tinco' ' ..- -.1 interest, and save the
iU guaranty. .-. .
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I i-OlUIiUlti?ratt ?? ?'tVilU ? i:" 'i: i lion ni the ^?>o:?rd o?
h...ult Carolina Coileg. . ? 'tv.ti.onding that the College !.<
a university. ' ) 1 e.-rt My o- : ctn i. the propriety of the je.
liv adding to ti'?- jo. ... ..; j r,/. s. Lirships schools for th
medicine ami muden- lar.p.ti ;.< .. thorough scientific, ? '.
'fe&sionul education nun !.< . ht lived hy tho young men of
increased number of s'udi at- v i ich it will attract will mal;
nearly soli-tupportii ?, : :<u<! v. it h JU appropriation of sew
tifty "lollara to ein-li ol nita ptof-.ssors, this venerable au.
institution may l>'~ ut ?nu cd. !t would be a reproach i'
siderable smu wus ivftise.1, nud .Ute alintt mn?t-r of Me
Pri si?n, J,< gare, O'Neill nud 1\ itigrew permitted t<> pass :.
1 also reeoiumt-nd that UK- I?oariT&f Visitors of the Mt
be authorized b> chango il- organization, and, if possibl
self-supporting institute :?. The 1 adding ia Charleston i
purpose, raul cannot or vt-1' :;j pr? priated to any other ol
pation would, to a great ol' ni preserve the property ?
destruction. With a competent i orps of instructors, a pra
couh! be secured iv. 1? ss time add at less cost than in ethe:
?"?Vc . --4e L^"~
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pted t . the
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