The daily phoenix. (Columbia, S.C.) 1865-1878, August 09, 1872, Image 3
rorelgn Affuir?,
PARIS, August 8.-Tiie Popo has writ?
ten a letter to President Thiers, congra?
tulating the Frcnoh nation upon the
great success of the new loan, which,
his Holiness thinks, in attributable to
tho refusal of Goulard, the Minister of
Finance, to accept the position of Am?
bassador to the Court of Italy-the in?
vader and ooemy of the Holy Sec.
American Matters.
PLATTSBURG, August 8.-President
Grant and family arrived heie lost even?
ing, and left this morning, by steamer, ,
through Lake Champlain, for Lake
George.
NEW YORK, August 8. -A Boston spe- i
cial says that Butler will make no parti?
cular effort for the gubernatorial candi?
dature, but will accept the nomination
of cither the Republican or Labor Re?
form party.
Banks speaks at Wall street Tuesday.
The Continental sugar house and re?
finery was bnrnt last night; loss 3500,000.
150 persons are thrown out of employ?
ment.
The latest despatch to the Times says
Caldwell's majority is 2,000. The Se?
nate stands thirty-one Democrats to
nineteen Republicans; the Houoo sixty
three Democrats to fifly-sevou Republi?
cans.
Tho National Educational Association,
in session in Boston, hus chosen a full
list of officers for the ensuing year,
headed by D. G. Northrop, of Virginia,
for President. Among tho vice-Presi?
dents are Edward Brooks, of Pennsyl?
vania, W. T. Lopton, of Alabama, end
Mies G. A. Lathrop.
SALT LAKE, August 8-A registered
package for $10,000 was stolen from the
mail from San Frauoisco hither. No
cloe.
DETROIT, August 8.-A 6aw mill and
lumber yard fire ut Portsmouth, Michi?
gan, yesterday, involves a loss of $300,
O00.
SAN FRANCISCO, Augusts.-Chilton R.
Winslow, son of Admiral Winslow, sui?
cided.
MANCHESTER, August 8.-Horaoe Gree?
ley had a fine reception al his old heme,
with cannon, band and procession. At
his home, his speech closed with a happy
allusion to the mutual interests of the
cotton glowers and cotton spinners, and
the expression of trust that sectional
misapprehensions and hatreds were yield?
ing to experience, whioh provoked nine
hearty oheers. A joint delegation from
Manchester and Concord conducted Mr.
Greeley to Conoord to-day.
NEW ORLEANS, August 8.-After a
prolonged conference, the Liberal, De?
mocratic aad Reform Committee failed
to agree. Subsequently Pinohback's
Republican Committee made a proposi?
tion to the Liberals, whioh was accepted,
giving the Pinchbaokers the Congress?
man ut large and the Seoretary of State;
thus effecting a fusion of Liberals and
Pinohbaokera. The Democrats and Re?
formers demanded four pluces on tbe
State tioket, including the Governor and
Lieutenant-Governor.
MOBILE, August 8.-At a Republican
District Convention, held here to-day,
composed almost entirely of negroes,
Ben. Tnrner was renominated for Con?
gress by acclamation, with great enthu?
siasm. Another District Convention wil
soon be held at Camden. Each wing of
the split accuses the other of bolting.
WASHINGTON, August 8-Evening.
Frequent inquiries are made at the
United States Treasurer's offioe, both
verbally and ia writing, with regard to
the recovery of money derived from the
sala of property belonging to Confede?
rates in the late war. Many suppose the
Treasury not only has the money thus
oolleoted, but is authorized to refund it.
Thia, however, is a mistake as to the
Southern States, although several small
sums have been refunded to ex-Gov.
Letcher and others, arising from the
sales of confiscated property in tho Dis?
trict of Columbia only.
Probabilities-Falling barometer with
cloudy weather, rain and South-westerly
winds in the North-west, the Upper Mis?
sissippi Valley and on the npper lukes.
Partly cloudy weuther in the Ohio Val?
ley, with Southerly and Easterly winds,
extending to the lower lukes. Southerly
to Westerly winds on tbe Gulf, with
olear weather on the South Atlantic
Light Southerly and Easterly winds,
light coast ruins and cloudy weather
from Florida to Virginia. South-easter?
ly winds and partly cloudy weather in
the Middle and Eastern States.
The Republicans fired 100 guns to-day
over North Carolina. The Democrats
and Liberal Republicans aro holding u
ratification meeting to-night, with can?
non firing, torch-light procession and
fire-works. The result in North Caro?
lina does not seem to dampen the ardor
of the friends of Mr. Greeley. Tho pro?
cession made a magnificent display on
the avenue, with illuminated banners,
a' constant stream of pyrotechnics, and
five bands of manic.
SELMA, ALA., August 8.-The Central
Agricultural and Mechanical Association
will hold a fair on November 12th, to
continue one week. $25,000 in pre?
miums are offered. Preparations for the
fair have been commenced on a grand
scale.
CHICAGO, August 8.-The proprietor
of tbe burned Iowa elevator is charged
with an over-issue of receipts for 100,000
bushels of oom.
CINCINNATI, August 8.-A special de?
spatch reports a collision, yesterday, on
the Mobile and Ohio Railroad, between
Humboldt, Tenn., and Troy, killing
three negroes and wounding five others.
The oars of one train were telescoped
into each other, the smoking oar body
passing directly over the hoads of the
passengers in the next oar; and the pas?
sengers were obliged to get out through
a hole ont in tho floor.
NEW YORK, August 8-Evening.-Tho
Treasury awarded $2,000,000 in gold nt
115-all taken by one clique.
Pacific mails-Quiet husbands.
Financial ?n.i Com me retail?
LONDON, August 8-Noon.-Consols
92%. Bouds 92?.(.
PARIS, August 8.-Rentes 55t. 72c.
LIVERPOOL, August 8-Evening.-Cot
tou closed unchanged.
LIVERPOOL, August 8-3 P. M.-Cot?
ton opened quiet und steady, but is now
firmer, and ima advanced a fraction
uplands 10; Orleans 10i?@10;?.?; Bales j
18,000 bales; export and speculation
3,000.
NEW YORK, August 8-Noon.-Cotton
quiet; sales 1,250 bales-uplauds 21^'; I
Orleans 22. Flour advancing. Wheat |
very firm. Corn dull and heavy. Pork
quiet, at 13.00@13.65. Lard stoady
steam 8>B@S%- Freights firm. Stocks
very heavy. Gold dull, ot 15'jj. Money
firm, at'4. Exobauge-long 8Ju"; short
9%. Governments dull but steady.
State bonds steady.
7 P. M.-Sales of future? to-day
12,050 bales: September 20%. 20%? Oc?
tober 19%, 19)?; November 1U%, 19
15-16; December 18 9-16.18 11-10; Junu
?;y]8%-old form of contract. Cation
firmer; sales 2,702 bales-uplands 21%;
Orleans 22)6. Flour firmer-fairly ac?
tive; common to fair extra 7.50@9.G0;
good to choice 9.70@12 50. Whiskey
stead v. Wheat l(^2o. better-winter
red Western 1.73@1.78. Corn active, a
shade better, and ia good export and fair
hume demand. Rico firm, at 8)?@9.
Pork a shade firmer, ut 13.G2@13.75.
Lard firmer und active, at 8*4@9J^.
Freights ?rm. Money 2(a3. Sterling
unsettled, at S*?@8%. Gold 15%0_a
lo}4- Governments closed steady aud a
trifle lower. States steady. Tennessee*
very strong.
CINCINNATI, August 8.-Flour iu fair
demand but lower-old 7.75(7<.8.00; new
7.00?7.25. Corn dull nud unsettled, at
44(a,45. Pork dull aud a shade lower, nt
13.0U@1S.25. Lird dull and nominal
for winter, at S}..?(a}8}^; summer in good
demand, with full prices, at 7%. Racou
in good demand-shoulders G;5J; sides
SJaCsW i- Whiskey firm, at 90.
ST. LOCIS, August 8.-Flour and corn
steady. Whiskey 92. Pork dull and
nominul. Bacon firm uud scarce-job?
bing uud order lots, shoulders 6Jn(i?7;
clear rib sides 9}^ ? clear sides 9%(a?y.J:j.
Lard quiet-kettie 83?>.
BALTIMORE, August 8.-Flour firm
and in good demand. Wheat active and
firmer. Corn steady. Oats-Southern
41@42. Rye 70@73. Provisions strong.
Mess pork 14 25. Shoulders 7}<?@7^.
Cotton dull-middling 21^; sales 38
bales; stock 1,085.
GALVESTON, August 8.-Cotton nomi?
nal-good ordinary 19>2?20; receipts
19 bales; sales 50; stock 570.
WILMINGTON, August 8.-Cotton firm
-middling 20 J? ; stock 340 bales.
NEW ORLEANS, August 8.-Cotton no?
minal-low middling 19Jtj@19>?; re?
ceipts 2 bales; sales 178; stock 7,550.
j NORFOLK, August 8.-Cotton quiet
! low midliug 20; receipts 27 bales; stock
361.
I AUGUSTA, August 8.-Cotton nomiual
-middling 19; receipts 74 bales; Hales 64.
SAVANNAH, August 8.-Cotton quiet
middling 20; receipts 23 bales; sales 43;
stuck 1,334.
CHARLESTON, August s.-Cotton steady
-middling 20; receipts 6 bales; eules 60;
Btock 3,969.
PHILADELPHIA, August 8.-Cotton
quiet-middling 22.
BOSTON, August 8.-Cotton quiet
middling 22)i; receipts 50 bales; sales'
400; stock 8,000.
The Lancaster Ledger says Trial Jus?
tice C. L. Jones held un inquest over the
dead body of a colored child named
Elizabeth Colbert, aged five years, on
the plantation of Capt. W. G.'Stewart,
on Monday lust. Tho circumstances of
the child's death, as related, is of the
most shacking character. The verdict af
the jory of inquest charges tho death to
the brutal treatment of the step-mother,
Maria Colbert. She has been commit?
ted for trial.
Tazo l's baud of Coyeters Apaches,
numbering sixty, mostly women aud
children, came iutu Camp McDowell,
Ariz ma, uud surrendered themselves.
They promised to remain on the rcserva
f ion uud assist tho troops in punishing
tho hostile Indiuut). Tho officers sta?
tioned here believe tho whole of this
band was quartered and rutioued here
last winter.
A colored man employed ou the Air
Lino Railroad was killed a few days ugo
by Mr. James Shunuuu, who was ono of
the overseers. It is probable that both
parties wero drinking, as tho homicide
took place near a liquor shop. Slmunou
is a Tenuesseean, und hus lied the coun?
try.-Keotcee Courier.
NOT DEAD.-The principal keeper of
the penitentiary says that Capt. Hamil?
ton, convicted same timo since ut Mo
Duffie Couit, is not dead, as reported by
the Chronicle and Sentinel, but is alive
and doing well.
[Augusta Constitutionalist.
Capt. J. C. Philips died at his resi?
dence near Zeno, iu York County, on
Sunday morning last. He bud been in
ill health for some time past.
For Sale,
Mba. 20 FINE LAUGE MULES, and S
MHB four-horse WAGONS, wah li sets of
-?raifT HARNESS.
Augusto_CHAS. LOGAN.
Palmetto Lodge, No. ?, I. 0. 0. F.
<\??3Bfc?SSE2S*<*ffl!ffift?v THE regular moot
^j^^^Sltr^S^^S?^ing of this Lodge will
iJts?i??St???i^ hold in Matonie
Hall, Tait, (e.may) EVENING, at So'clock.
Hy order of tho N. G.
I. SULZBACHElt,
Aug 9 1 __Soon ISA J.
Flour! Flour?
i)AA BBL8. NEW FLGUH, ? r all gradi?,
?UU for salo at greatly ro aced pricie,
by_JOHN AGN IV Vt HON.
On Consignment,
Ii li \(\ BUSHELS OORN.
. V/UU 100 barrels FLOUR,
Which wo oiler at a heavy decline. It must be
\snld. LO HICK fe LOWItANGK.
DI orin Carolina May.
rr pr BALES good N. G. HAY, for aale ow
I f) by HOPE Sc GYLES.
STATE OF SOUTH. CAROLINA,
OFFICE OF SECRETARY OF STATE,
COLOMBIA, August 8, 1872.
To the Editor of the Phoenix.
SIR: En closed please lind a copy of a
lotter that I have addressed to my attor?
neys, Messrs. Melton ?fe Corbin, which I
desire you to publish.
The Fiuanoial Board of this Stute have
seen flt to apply, through Messrs. Mor?
ton, Bliss & Co., of New York, for a
peremptory mandamus to compel me to
seal more conversion bonds.
I huve silently und putieutly borne the
blame for scaling bonds, und huve been
considered by some ignorant and mali?
cious persons responsible for their issue;
1 and I now deem it un act of simplo jus?
tice to myself to stute to the court und
to the public what part I have taken in
these transactions.
I think my letter will plainly show not
only that I um not responsible for the
issue of these bonds, Out that it was
throng h my care und positive refusal to
seal, that several millions more, per?
haps, huve not been added to the debt ol
tho State.
1 huve the honor to be, verv respect?
fully, &o" P. L. CARD?ZO,
Secretury of Stute South Carolina.
SECRETARY STATE'S OFFICE,
COLUMBIA. S. C., August ti, 1872.
Messrs. G. 1). Mellon and JJ. T. Cor kin,
Attorneys and Counsellors al Lata.
GENTLEMEN: Having been able to re
taiu your valuable services to show oausi
why u peremptory mandamus should not
bo issued by his Houor Judge S. W
Melton, on Wednesday next, August 7
to compel me to seal conversion bonds, J
dusire to submit a few reasons why .
think such a mandamus should not bi
issued.
In November, 1870, I begun to sus
peet that the conversion bonds that hat
been sealed by me wore not being use?
for the purpose for whioh they were in
tended, viz: in exchange for any of th
other various bonds thut bad beeu is
sued, or certificates of stock, whicl
wero to be cancelled us soon as ex
changed, and kept in the Treasury, a
evidence of the conversion bonds issue
in their stead.
I then endeavored to learn from th
Treasurer the purposes for which s
many conversion bonds were declared t
be needed. He replied that tbe finance
of the State were under the control of
Fiuanoial Board, consisting of the Gc
vernor. Treasurer and Attorney-Genera
and thut it was not my province or rigli
to know their action, except so fur us
could learn them from the public reporl
they might make through the Treasure
und Financial Agent; and that b
thought it was simply my duty to seul t
many bonds ss they required.
I then communicated with the Alto
ney-Goneral, requesting from him
written opinion as to whether I had tb
power to require from the Fiuauci
Board a knowledge of their transaction
before I should take the responsibility <
sealing any more bonds. The Attorne;
General gavo the opinion thut my dui
we* simply 1. inisterial; thut I had i
right to know the transactions of tl
Financial T> rd; and that it was my du
to seal " .any bonds m the Treasure
in .?" a by the Financial Board, r
.citied; that tho Financial Board hi
tbe absolute and exclusive control of tl
issue and sale or hypothecation of bond
und the disbursement of the proceeds
such sales or hypothecations.
Though I believe this opinion to I
according to the letter of the law, it d
not entirely satisfy me, or convince m
that I bad no responsibility in the mi
ter, and I therefore determined to ti
my utmost exertions to learn whetli
my suspicions, ns to what I deemed
be the misapplication of conversi
bonds, were correct or not.
During the legislative session of 13'
71, a luw was enacted to create what
known as tho "sterling funded debt"
South Carolina, und a board of li
officers, culled the "Sterling Fu
Board," was authorized to manage t
negotiation of these bonds, which bot
consisted of tho Financial Board ref
red to, viz: tho Governor, Attorn
General and Treasurer, with the udilit
of tho Comptroller-General and inym
I thou felt in a bettor position to rom?
or confirm my suspicions with regard
' the uso being made of the convcrs
bonds, and determined to use my opp
tiiuity to the utmost. This loan,
thoso who aro acquainted willi thu
aro aware, waa to consist of SO,OOO,1
of bouda, which were to be negotiated
London, und the proceeds of the (
used in the purchase of four other bo
ut a lower price in Now York, und t
prove a grout suviug to tbe State.
This wu8 one of the reasons given
the Legislature to secure thc passage
the bill.
In accordance with thia law, I soi
83,500,000 of thene bonds during
summer of 1871. I then refused to
any moro of these bouda, as I infei
from a conversation with tho Treasi
that an effort ?would bo made to exe?
this luw contrary to what I conceive
be the truo purpose aud intent of
law.
The Treasurer informed mo that tl
the "Sterling Fund Board," had the
thority to nse tho proceeds of the sui
there bonds to pay any existing pi
debt of the Stale. I further learned
the existing publia debt would prob
bc very large, pf rhaps the entire arnott
the loan! ?6,O?O,0U0. This stator,
astonished me beyond measure. 1
mediately informed tho Tronsuror
nothing should be done with the stet
loan bonis except at a full mee
called by tho President of tho B
through mo, tho Secretury. I was
termined to prevent, if possible, wi
conceived to be a diversion of thc b
to a purpose entirely different from
was intended by thu law.
On inquiry from the Treasurer
what method it was intended to a
tb? sterliug loan bouda to such a pur?
pose, I was told by bira that bu proposed
issuiug sufficient couversiou bonds to
cover not only all otber bouda and stocks
tbat hnd ever been issued, but also tho
"starling loan bonds," aud theo simply
j place them in tho Treasury, uud report
i that they bad boen converted by tho
holders.
Tho conversion bonds could thon bo
hypothecated for loans by tbe Financial
I board, independently of tho Sterling
Fund Board, na they (tho Financial
Board) claimed that they bad a right to
do, under thu lieu permitting thom to
hypothecate any bonds in tho Treasury,
or in the bauds of the Financial Agent,
whore theso bonds were, and the moneys
thus obtained used to puy off all debts
hitherto authorized by law. And thus,
instead of the sterling loau bonds being
sold iu London ut u higher prioe than
they could bring in New York, and the
proceods of the sule upplied to the pur?
chase of our other bonds here, they
would have been simply exchanged for
conversion bonds, which conversion
bonds would have been hypothecated
for loans, und then forfeited und sold,
and the moneys thus obtained applied tc
tho payment of till debts hitherto autho?
rized by law; and they (the sterling loan
bonds) would thus have been au addi?
tion to an alleged debt of between
$15,000.000 aud $10.000,000.
It perhaps would not bo amiss here tc
stato that the Treasurer, or Financia
Board, who had poaiessiou of the ster?
ling loau bonds, amounting to ?6,000,
000, meaut to hypothecate these bond'
cveu us late as last March, without th?
knowledge of the Sterliug Fund Board
as such, for loans, aud was only prevent
ed from so doing by the timely repeal o
tho Act und cancellation of the bonds In
authority of tho Legislature.
From November, 1870, to this period
(August, 1871,) I sealed, under tho ud
vico giveu by the Attorney-Geuerul, suf
iicient conversion bonds for couvertiuj
tho one million of seven per cent, relie
of the Treasury bouda, und $700,000 o
the Laud Commission bonds, as the Trna
surer positively informed me that ho de
sired them for this purpose only.
I was coolly informed by the Treu
surer, lust September, that these sam
"relief of tho Treuaury bonds" auc
"Laud Commission bonds," for which '.
hud sealed conversion bonds for the pur
pose of exchange, and which were BI
exchauged, had never been canceled, bu
bad beeu re issued from the Treasury
uud ure now either hypothecated fo
loans or forfeited and sold.
The Governor also informed me tba
thoso were facts within bis own certaii
kuowledge, especially with regard to th
"relief of the Treasury bouda."
During the month of October, 1871
the Treasurer requested mo to Beal
small amount of bouda, for the expr?s
parp?se, as he said, of saving a loun <.
between throe and four millions of bond:
which had been hypothecated, un
would certainly be sold at a sacrifico, i
more collaterals were not pat up to suv
them. 1 at first refused todo so, remine
ing Ihe Treasurer that the same reaso
waa alleged several times before, and tin
I did not feel satisfied of tho corrected
of bia statement, lie thou requeute
me to accompany him and the Goveruc
to New York, und satisfy myself, by coi
terring with the Financial Agent, of tl
necessity that existed for tho sealing <
these bonds, for the purpose of preven
ing a sacrifice of those hypothecate!
Tho Treasurer requested mo to take m
seul ulong with me, so that no time I
lost. I hud previously consulted wit
the Attorney-General on the lawfulne
of taking my seul to New York, and tl
Governor on thc propriety und necessi
of so doing. The Attorney-Gonerul a
sured me it was perfectly legal, und tl
Governor, that it was necessary. I tot
tho seal with mo very reluctantly, b
lieving I would be in a better position
insist upon knowing the truth of what
had so long suspected. Tho Troasur
also informed me that thc Sterling Fui
Board, of which I was a member ai
Secretory, would meet in New York ai
take some definite action in regard
tho negotiation of tho sterling fui
bunda.
Thia list ntatcmeut dctvrmiucd me
proceed to New York. I went, a
upon tho representation there mai
sealed $250,DUO of bonds. You m
imagino my surprise when 1 saw tl
amount of bonds, the sealing o', whi
had been performed by mu upon t
urgent representation that they were i
solutely essential, ns additional coila
rals, to prevent the sacrifico of suv?
millions handed buck to the Treasurer
tho Financial Agent, aller they wi
sealed, us being unnecessary lor tl
purpose; und then the Governor infor
I ing tho Treasurer thut hu might i
them iu any manner he pleased! 1 se
I afterward informed tho Treasurer thu
j would not seal another houd, uni
I compelled by the oourts of thu Stu
' where, ho would bo required to make
exhibit of what had beun done with
conversion bonds; that I considered
hypothecation of conversion bonds
thc Financial Board, which I strou
suspected, us positively illegal; that tl
were simply for the purpose of exchan
as indicated iu their title, and tho hoi
exchanged, canceled uud filed in
Treasury, us vouchers for tho couvera
bouds. This was in Octobor, 1871.
have not sealed a single bond sit
though repeatedly requestod to du
I both before and alter tho passage of
I Validating Act, which contains un et
j ciul clause requiring mo to seal for \
poses of couversiou only, thereby
plying that tho previous uso of tho c
version bonds, in hypothecating tl
for loans, was illegal, ut d which tho
liduting Act WOB supposed lo legalizo
The Treasurer made un exhibit in
vor?ber last, which showed that all
suspicions with regard to tho uso bc
made of tho conversion bon% were
reot. Since that exhibit I huvo \
tively refused to seal a single bond,
ing tho Treasurer that I had now p
tivo knowledge from his published re
than hu hail used more than S6.000.000 I
of conversion bonds for purposes of hy?
pothecation, ?iud which I believe to be
forfeited ami sold; that I considered this
whole amount, which had been sealed
by me under tho most positive assurance
thal they wero beiug used solely for tho
purposes of conversion, misapplied.
The Treasurer now assures me that ho
desires conversion bouds for the pur?
poses of exchange only, but I have re?
ceived similar assurances several times
before, aud they have not beou verified
by subsequent facts; and I buve no au?
thority to insist upou seeing the bonds
oauoeled thut are taken in tho Treasury
in lieu of the conversion bonds issued.
The Treasurer resentB this us question?
ing his veracity and integrity.
Tho Treasurer has also informed me
that this ?5182,000 of bonds is only thc
first installment of ?1,700,000 that he
desires sealed. If this mandamus,
therefore, is granted, I will bo compelled
to sen! thut amount nt least, and perhaps
an iudoQnite amount more.
I hold that I have already sealed sufi!'
cieut conversion bouds for all l?gitim?t*
purposes, viz: in exchange for otbei
bonds. I believe their hypothecation U
be illegal, and that ii tho Treasurer o
Financial Board hypothecated them, bi
or they uro personally responsible for tin
amouut so misapplied; aud that it is cer
taiuly not my duty to seal any more
with tho positive facts in my possessioi
which tho Treasurer's report of last Na
vember shows.
It will bo seen from that report to tb
Legislature, page 469 of tho reports au?
resolutions 1871-72, that the pnbli
bonded debt fs Btatod as ?15,851,327.35
Of this amount there are S7.191.700 o
conversion bouds. Only SI,034,302.3
of this amount huve been used for th
legitimate purposes of the Act, viz: coe
version. As will be seen, by refereuce t
page 471,.. tho enormous balance c
S6,151,397.75 have been, 1 claim, fraude
letitly aud illegally used.
Thc relators in this application fe
mandamus to compel mo to seal, wb
claim to sulfur great pecuniary loss b
my refusal to seal, and who threaten t
hold me personally responsible ior di
mages, should hold the Treasurer or F
nuncial Board responsible. I have a
ready sealed conversion bonds for tl
purpose of converting the bonds wbic
they now desire to convert, and wbic
have been oertainly once before conver
cd, and perhaps two or three times.
If the construction placed npon tb
Act by the Financial Board be correo
viz: that they had a right to issue coi
version bouds without exchanging the
for the other bonds, as they have doi
to the extent of more than S6.000.00l
and thus increaso the debt of the Sta
by so much, the Act is uncoostitntione
The Constitution, (Art. IX, Seo. 7
requires three distinct conditions in tl
passage of all laws contracting pub!
debts, viz: First, that it be passed I
the vote of two-thirds of the members
each branoh of the General Assembl
second, that these votes be recorded I
yeas and nays on the journals of ea
House respectively; and, third, th
every such law shall levy a tax annual
sufficient to pay the anuual interest
suoh debt.
It will be sccs, by reference to tl
journals, that tbe Act was not passed
tho required two-thirds vote, nor hs
the yeas and nays been called and :
corded upon the journals; and it will
aeen by refereuce to tho Act itself tl
it has uo section requiring the anni
levy of a tux sufficient to pay the intere
I repeat, therefore, that the Aot is u
constitutional, if the construction plac
upon it by thu Financial Buurd is a
rect. But I hold that that constructi
is not correct. The Act simply provit
for conversion or exchange of bonds,
its title indicates. The fact that it v
uot passed by tho General Assembly
accordance with the constitutional
quiremeuts roferred to above, wb
they were very careful to observe in
passage of every other contracting
public debt, proves that they ne
meant it to increase the public debt.
The Act bas also internal evide
to show that it cannot bear the const r
tion pluced upon it by tho Fiuau
Hoard. Section 3 requires that
Treasurer shall receive ouo dollar foe
all bonds or stocks exchanged, uud 1
cents for every blank used in tho tran;
tion, thereby plainly showing that
conversion bouds, though sigued, co
tersigntdaud sealed, were regarded
so many blanks, until they were iss
from the Treasury, aud other bonds
eeivud iu their stead, and, of can
canceled aud tiled us vouchers or
j deuces of tho conversion bonds iss
in lieu thereof.
I know, from repeated conversa
with tho Treasurer, that tho const
tion now placed upou the "Couver
Act" by tho Financial Board is au <
thought, a pure invention, devised to
tricato themselves from a difficult
perilous position.
Tho rumor has boen industriously
ciliated that I have never kept a regi
of any or all of tho bouds I have sen
This statement is' not correct. I
kept a careful registry of all tho bi
sealed, except tho conversion boudfc
have never supposed for a moment
those conversion bonds would have I
used for any other purpose, exee[
exchange for the other bauds I
mealed and kept a registry of. Bt
soou as I suspected that they were b
used for other purposes, I did ke
very careful registry.
I have the honor to be, vory res]
fully, P. L. CA11D?ZO,
Secretary State South Carolii
Mr. Amzi Triplott, a well-known
zcu of this Couuty, was arrested on
tunlay Inst, ou a warrant issued by
Justice McDonald, charging bim
murder committed on the person
negro man. Aaron Mobley, in the s
of 1865. Mr. Triplott was oarried b
Judge Thomas at chambers, on S
da}' afternoon, and admitted to ht
tho sum of $2,000.-Chester Reporte
In Memoriam.
At & meeting of True Brotherhood Ledge,
No. 81, A. F. M., tho following tribate wa?
paid to tho memory of Bother W. T. WAL?
TER:
Died, at tho Clcuvoland Springo, North Ca?
rolina, on the let of July, 1872, Past Master
W. T. Walter, in the forty-eighth year of his
ago.
Life's fitful dream gives mau but little time
to preparo for tho rushing drama of stern
reality. Infancy's helplessness, youth's etrng
gles, manhood's fow 1 linty years, then old
ago's tottering toototcps loading to the gravo,
sum up tho stages of this transitory state.
Tho subject of this notice had livod to the
third of thc HU stages-attained it in the proud
consciousness of having lived it well-whan
death came to call him from our altars to
worship in tho templo "not mado with
hands." A life of such enlarged usefulness,
to us of tlie Masonic fraternity-a lifo fraught
with tba beauties of Temperance, Fortitude.,
Prudonce aud Justice-a lite that was spent
in a Masonic sphere, which bia unsullied cha?
racter adorned, and which his death has
tilled with gloom-all the traits that mako
manhood beautiful, and death but tho aweot
privilego of laying our burthen at tho feet of
the Supremo Qrand Master of tho Universe
require nomo tribute, even thia feeble enume?
ration, from his stricken brethren.
When tho cold summons that called, ns to
hia side in a distant land shall have grown
numb by timo, and tho ead rite ia accorded
us of planting tho sprig of acacia at his
grave, wo will all hail the opportunity to do
his memory honor by ko 'ping fresh the love?
liness of a lifo shut out forever from commu?
nication with those who in lifo honored him
in death, revere. It waa unanimously re?
solved:
1. That in tho death of Past Master Wm.
T. Walter, we recognize tho will of Almighty
God, and bow before Him in humble acknow?
ledgment of His mercy and omnipotence.
2. That in tho death of our brother, wo
have witnoasod the going out of one of our
greater lights, and that wo give assurance to
hie widow that wo mingle our tears with hers
in this ead bereavement.
3. That we will most heartily unite with
tho brethren of Richland Lodge in removing,
with the approbation of hiB family, the re?
mains of Brother Walcer to this place for in?
terment.
4. i hat a copy of thia tribute be insoribed
upon our minutes, and that a blank page be
dedicated to his memory.
5. That these proceedings bo inserted in
tho DAILY PHOENIX, and that a copy be trans?
mitted to tho widow of our lamented brother,
with assurances of tenderest sympathy.
G. M. WALK KR, .Soc re ta ry.
SPECIAL BA H GAIN 8
SILK PARASOLS,
"PA?TRA. FINE FANS, LACE EMBROID?
ERED HANDKERCHIEFS, Lace/Hilare and
Cuffs, tine White Cambric ann Lawns, Wide
Ribbons, Table Damask and Doiliea and Fino
CaBsimercs, at C. F. JACKSON'S.
Aupr 8
J. I.
With a view of realiz?
ing money, and also to
make room for the
opening of a
LARGE AND VARIED STOCK
In the fall, has decided
upon offering his pre?
sent stock, from this
date until the 1st oi
next September,
AT. COST FOR CASH,_
A CHANCE FOE ALL !
G ii EAT BARGAINS
IN
DRY GOODS,
AT
OT.D. LOVE & CO.'SS
?J~N anticipation of removing in September
tu our largo and commodious NEW STORE,
iii tho Wheeler Building, corner of Main and
Plain streets, we will close out our present
stock at unprecedented LOW PRICES.
Bargaius in all classes of Goods.
W. I). LOVE & CO.
W. D. LOVE, {
B. B. MCOHKEIIY. \_Joly 14
Frosh Country Butter.
LBS. ohoico COU NT HY BUTTER,
for salo by_HOPE A OYLES.
Fare Angelica Wine.
ON draught, CALIFORNIA ANGELICA, a
delicious and pure Wine for invalids
and summer uso, just received and for sale
j low by JOHN AGNEW Sc SON.
July 30
200