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WINNSBORO. 8. 0. Thursday, January 10, : : 1878. B. MEANS DAVIS, Editor, JNO. 8. REYNOLDS, Associate Editor. The Public Debt. The Newi and Courier makes a plausible argument in favor of standing by the present arrange mont of the public debt; but its reasoning is based rather on ex podiency than on any fixed principle of right. It shows that the con solidated debt is loss than the un questionable ante-Reconstruction debt; and argues in addition that the old bonds have passed out of the hands of the original holders, into the possession of speculators ; and moreover, that they cannot be traced up. In answer, it may be truthfully assorted that an acceptance of the compromise now, by the Democrats, after an inquiry into the nature of this bonds is repudiation to the amount of the difference betwoon the old and the consolidated bonds, and that even the payment of an equal amount in the aggregate, if made up by ecaling honest debts fifty per cent., and paying an addi tional fifty cents on worthless forged papor, is still nothing more or less than repudiation. As to the point that the bonds have passed into the hands of third persons, that makes no difference as far as concerns the duty in cumbent on the people to meet their valid obligations. If an in dividual gives a note and is subso. quontly imprisoned or confined improperly in an insane asylum, and some other party gets hold of his estate illegally, and by forging his name so wastes it that both the owner's valid obligations and the forged notes become so worth less to both to be sold for a song, after which the owner obtains his liberty, it becomes his duty to pay his debts in whosesoever hands the I aims may rest, while not hesi tating to repudiate all fraudulent issues- But should he pay them all alike pro rata, he might then, indeed, be considered a fit subject for the asylum or the jail. As for tracing up the bonds, it is safe to assume that the parties interested will be able to prove pretty con clusively the genuineness of any such honest claims as they may hold. On the other hand, if the State revives the old honest debt while repudiating bogus paper, the cry of repudiation can never be raised against her ; for it irill be seen that she meets squarely the obligations she herself contracted : and merely fulfills an intention expressed in divers ways-through the press, and by conventions-of having nothing to do with the debt foisted upon her through Radical Recon struction, backed by Federal bayo nets. The fairest settlement would be a rehabilitation of the old bonds and a rejection of the new. If the State cannot meet the increased interest, let her pay a smaller rate, say four per cent. for the next fivQ years, and an increascd rate after that time. We imagine that honest bondholders would gladly accept this proposition, as it increases the principle. Again The Neto, amd Courier1 argues that on the principle on which the bonds are repudiated, the State should demand a return of the taxes squandered by Rladical officeials. The cases are not analogous. The taxes have long since been paid in, and, however the money was squandered then, these transactions are things of the past. Buit the bonds are only promises to pay. The people have not satisftlodtlrea. If the Legisia. tpre, listead of collecting taxes at the time, had merely fraudulently flaraed ou#f4b9 revenue to specula. tore for a nwuaer of years in p iuVe, do99(e N.w#se an4 qow(rer drpea for sn instan6 that this u*enue w0o14 nowbe paid? a nets prevented a general refusal to pay; and not even those deterred the peopl from rising in their majesty, and compolling the Radical Legislature to largely reduce the levy. The law proscribos that in doubtful transactions what has boon paid out cani ot be recovered; and what has not been paid cannot be collected. The defendant has always the better position. And what was this wholesale issuo of bonds but a virtual farming out of the revonues of the Stato as long as the bonds are to run ? If expediency is the only lamp to guide our foot, the duty of the Legislature is plain-to scale the honest debt and repudiato the rest. If justice and right are to be con sulted, the honest debt should be paid in full and the rest repudiated. In either caso the Consolidation Act is a cheat and a fraud. PROM "DARK CORNBR." How Christmas was Spent--A Ploasant Sunday-School Celebration--The Work of the New Year begun. Editors NEws AND HEnALD: -The most notable event in the "Corner" during the holidays was tho Christ mns Tree at Cool Branch Church for the bonofit and oncouragement of the children that compose the Sabbath-school at that place. The good people, especially the good women of the community, displayed good tate and great ingennity, and untied their purse--strings liberally in this good work. This tree was not a little bush, and it was filled from bottom to top with fruits, toys, articles of clothing, etc., in such profusion 'hat the school, numbering some sixty-fivo children, receivod their aria full of preants. The tree was a complete success. the children were made happy, and this mado the old folks happy, which rendered it an occasion of exceeding good fooling and made all fool that "it is more blossed to give than to receive." The very large congregation present, and the 'school wore entertained and en livoned by a most interesting and sprightly address from Rev. J. D Mahon, the pastor of this church. Pormit us to say that this Sabbath, school has been in existence for over seven years, and that the obstacles that existed at its organi zation have pretty wvell given way, and now it waves its golden wings over the home of every family in the "Dark Corner." The holidays over, the sterner duties of the farm come up. Con tracting for labor for the Now Year is pretty wvell over. Labor' is plentiful and easy to employ. The short cotton crop of 'last year, with the absence of the lien law, is, we think, causing much labor to be employed for wages. A considera ble quantity of wheat and oats has been sown this senson. A geod quantity of home-raised pork have been slaughtered, and it would do you good to sit up to the fine dishes of ribs and back-bone, sausage, butter, turkey, &c., &c. that grow away up in the DARK -CORNER. P. S.-Narry wedding. SColumbia Business Card., *-TEIADQUARTERS for cheapest Gro ce.Loros and Hardware in Columbia, to be found at the old reliable house o,f LOICK & LOWR ANCE. H]IX'S, Portraits, Photograph., Store ..osopes, &c. All old pictures copied. Art Gallery Building, 124 Main Street, Columbia, 8. C. Visitors arc cordially invited to call and examine. Cl ARLE.8 ELIAS,formecrly of Camden, has moved to Columbia, ansi opened a large stock, of Dr Goods andh Notions, Boots, Shoes, Truns and Valises. Satis faction guaranteed. RECERLING'S GAraLERY--Opposite the Wheeler Jione e. Portraits, Photographs, Amibrotypes and Ferrotypes finished in the latest style of the art, Old pictures copied and enlarged to any size. W. A. RLEOKLING, Proprietor. DIERCKS8 & DAVIS, importers and .dealers in Watche., Clooks,Jewelry, Silver and Plated WVare, House Frrnis h lng Goods, &o. N. B. --Watches and jew esry repaired. Colombia, 8. C. oct 27-y NOASE AND CATTLE POWDERS, REPORT OF THE CONDITION OF TIlP Winnsboro National Bank, A T Winnsboro, in the State or South vnrolinsa, it the close of business December 28th, 1877. RESOUROES. i,o,tns and Disounts, $61,524 48 Overd -sfts, 460 13 U. 8 ilonds to secure circulatiOn, 76,000 00 Due from approved reserve agents, 2,954 77 Due trom other National Banks. 13,750 20 Real Esate, Furniture and Fixtures, 1,453 45 Current Expenses and Taxes Paid, 2,847 01 Preniiums Paid, 6,000 00 Bills of other llanks, 7,191 00 Fractional Currency (includ. ing Nickeil,) 79 73 specie, (incluiding gold Treasury certificates) 322 55 Legal Tender Notes, 5,000 00 Redomption fund with U. S. Trreas.,5 per cent.of circulation, 2,375 00 Total, $178,964 98 LIABILITIE1. Capital Stock paid in, $75,000 00 Surplus Fund, 3,037 41 Untlivided profits, 8,891 81 National [lank notes out sintding, 67,500 (10 Dividends luipaid. 97 50 Individuil deposits subject to check. 24,074 43 Duo to other National lanks, 363 83 Total, $178,904 98 sr'ATH OF SOUTI CA RO,INA, County of Fnirfield. I. T. K. Elliott, Cashier or the above nam1ell Bani, do soleinnly swear flint, the above stateinent is true to Ie bost of my knnwleilge andl helief. T. K. ELLIOTT, Cshier. Suh4eribed ani sworn to before me, this 8- ay c-f Janunry, 1878. WM. N. CHANDLER, Notary Public. Correct-Attest: W. R ItOHET TSON, JA,MES A. BRICE. Directors. 0. H1. M11\ASTElt. Jan 10-1 t STATE OF SOUTH CAROLINA, COUNTY OF FAIRFIEJD. Court of C<nnmon P-leas. Wn. 11. Kerr, as Clerk of tho Conrt of Common Pleas for the County of Fair field,. Plaintiff, agtins Martha J. Means, Fannio A. Means, Maria D. Means, Martha Means, Sarah T. Means, John C. Means, Grabriolla Means, T. Ross Robertson and Goo. W. Williams & Co., Defendants. To the Defendants, Martha J. Means, Fannie A. Means, Maria 1). Means, Martha Moans, Sarah T. Means, John C. Means Gabriella Moans, T. Ross Robertson and Geo. W. Williams & Co. YVU are hereby nmmoned and re ..quired to answer the complaint in this action, which is filed in the office of the Clerk of Common Pleas, for the said county, and to servo a copy of your nnswer to the said complaint on the subscribers at their office, No. 3, Law Range, Winza-I,,, S. C., within twenty (lays after the service hereof, exclusive of the day of such sor rice; and if you fail to answer the complaint within the time aforesaid, the plaintiff in this action will apply to the Court for the relief demnand 0(d in the comnplaint. GAI LLARD & REYNOLDS, 1Plair. tiff' Attorneys. Filed December 31, 1877. Wm, Ii. Kerr, C. C. C. P. F. C. To the Defendants, Martha J. Means, Fannie A. Means, Maria D. Means, Martha Mleans, Sarah T. Means, John C. Mleans and Gabriella Means: TAKE NOTICE that the summons in this ? action, of which the foregoing is a copy, g wa's filed in theoofilee of the Clerk of Court for Fairtield county, on the 31st day of December, A, D. 1877. GAILLARD & REYNOLDS, Plaintiff's Attorneys, jan 31-x1awOw W. G. ROOHE, I MERLCHANT TAILOR, HAS removed to the store next to the: post-office, where he will he glad to re ceive his friends and customers. A full lino of Samples will be kept on hand, from which customers may make solections. Hie now has the finest line of Froneh and English goods ever brought to this market. He is also prepared to cut or to mak up goods for those who desire. Garments of all kinds repaired and cleaned. piC leaning a specialty. Thankful to the public for past patron age, he ' solicits a oontinuance of the same, and guarantees satisfaction, sept 18 W G. ROCHE. ESTABLISHED 1874. GEO. B. ED WARDS, CHARLESTON, 8. 0. P ROMPT attention given to the sale Cotton, Peas, Corn, Rice and Pro duoe of all kinds. Merchandise bought free of cornmi sion. Being on the spot, and thoroughly posted on prices, can guarantee large saving to buyers 0f merchandise. Agent at Charleston for State Line Ocean Steamships betwee~n New York, Glasgow, Liverpool, London and all parts of Rrope.. - enees:Oag :Bank of Charleston; Jam. THE ELEPHANT -HASCOME With a Fresh Stock of Fall an Winter Goods, AT TRE DRY GOODS, FANCY GOODS AND Millinery Bazaar. -0 [MPORTANT ANNOUNCEMENT. VE take pleasure in announcing to :ur friends and the public generally that wearo now opening thofinest and most omploto assortment of FALL AND WINTER GOODS, including Millinory and Fancy Goods in %ll the latest styles and novelties of the season, such as are generally found in a Rrst-class Millinery establishment. Fan Dy and staple Dry Goods, a beautiful tock of newest styles of Dres Goods Buttons and TRIMMINGS. A full assortment of brown and bleached Sluslins, Poplins, 'Calicoes, Ginghams, 3onts' Goods, Notions, Corsets, Gloves, Rosiery,Bustles,8kirts. Shawls, Cloaks,tke. Aen's and Boys Hats. Boots and Shoes ror Gents and Boys, Shoes and Gaitors ror badies, Mihses and Children. A FULL STOCK OF Fresh Groceries, Confectioneries, Cakes and Crackers, Cheese, Mackeral, Flour, Meal, Grist, Soaps, Starch, Candles, Kerosono, Crockery, Tin and Wooden Ware, Furnitureand Mat tresses, LUMBER FOR SALE As low as the lowest. Call and examine ny stock and prices. J. O. BOAGs Dot3 MAR L eA We are Agents for the PEARL SHIRTs MVe guarantee thorn to be made out f the genuine Wamsntta Muslin, nd the bosoms of the best linen nd three ply, each ply being linen. We warrant thorn to fit in every sarticular, or money refunded. PRICE-$1.00 EACh. Don't say they are too cheap to e good, but come and see for your elves. MoMASTER & BRICR. dec 29 Wi CLAIm FO3 TR3 DEPBOVUD WHITNET' BEWING The~ following specilic points of sup.. 'lority: J-G~reat sInaplicity in con. it ruettion. 23-Durability. S--Exceedingly Liglet Ruin sing. 4-Still Runnaing. Noimeles. 5-Perforans all Varieties of Work. 6-fleanty of Finish nd Wo-krnanshi.DCT N RICE. lingle Machines sent on orders direet rom he aotry,written guarantee with ach Nachine. WHY PAY OLD PRIOESI AWSend for circualars and particulars. Address, rTIMM NEWS ANU HERALD WEEKLY EDITION, IX I UBILHAD XTRT WXDXrADAY AT WINNBOR , S. 0. ni THU WINNSBORIO PUBLISIING CO [T CONTAINS A SUMMARY OF THE LEADING EVENTS OF THE DAY. state News, County News, Political News, Etc MEE EDITORIAL DEPARTMENT RECEIVES SPECIAL ATTENTION. THE LOAL COLUM [s well filled with town and county nowF,. rho aim of the Publihern im to WKuo a FIRT-OLA8S FAMILY NEW SPA IIER. Terms of Subscription, payable invaria. Lly in advance: )ne copy, one year, ----- $8.00 )ne copy, six months, - - - - $1.60. )no copy, three months, - - - $1.00. Five copies, one year, at - - - .$2.75. Pen copies, one year, at - - - $2.60. rwenty copies, one year, at - - $2.60. To every person making up a club of en or more subscribers, a copy will be eont frce for one year. Tholnamnes consti uting a club need not all be at the same ?oat-ofmce, JOB PRINTING [N ALL ITS DEPARIT.iENTS DONE~ IN TIlE BEST STYLE AND AT THE LOWEST PICES. We are prepared to furnish, on short saotice, BANK CHECKS, JILL HEADS, NOTES BNVELOPES, LETTER UEADS. NVITATIONS, CARDS, AW BL4ANKS, POSTERS POSTAL CARDS, ETO., ETO/ rermas for Job Work--~.ash O Delivery. o All business eeomuniestions should be ddressed to the Winnsboro Pubhing Company WINNSBORO, 8.0C. A UGUSTA HOTEL, Jorner of Broad and Washington Streets, AUGUSTA, G &. [A been thoroughly re Mated, re mdldand newly ~ ished. It, ,s located in the centre t business. reler 'aph OfRoe in the 11 1 bdilding. y.s Ofiloe in the sameo ook. Post 3mIo only one block ofl other pub Lie conveniences close at a. feThe OfMoe of th otel will be spen during the night, an nets will be reeived or calleda r, Biates af3ord, $9.00 day