Newspaper Page Text
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
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
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
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
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
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
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
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
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
Winnsboro National Bank,
A T Winnsboro, in the State or South
vnrolinsa, it the close of business
December 28th, 1877.
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
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.
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.,
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 &
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,
W. G. ROOHE, I
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
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.
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.
With a Fresh Stock of Fall an
AT TRE DRY GOODS, FANCY
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
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
LUMBER FOR SALE
As low as the lowest. Call and examine
ny stock and prices.
J. O. BOAGs
We are Agents for the
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.
Don't say they are too cheap to
e good, but come and see for your
MoMASTER & BRICR.
Wi CLAIm FO3 TR3 DEPBOVUD
The~ following specilic points of sup..
J-G~reat sInaplicity in con.
S--Exceedingly Liglet Ruin
4-Still Runnaing. Noimeles.
5-Perforans all Varieties of
6-fleanty of Finish nd
lingle Machines sent on orders direet
rom he aotry,written guarantee with
WHY PAY OLD PRIOESI
AWSend for circualars and particulars.
NEWS ANU HERALD
IX I UBILHAD XTRT WXDXrADAY AT
WINNBOR , S. 0.
WINNSBORIO PUBLISIING CO
[T CONTAINS A SUMMARY OF THE
LEADING EVENTS OF THE DAY.
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
[N ALL ITS DEPARIT.iENTS DONE~ IN
TIlE BEST STYLE AND AT THE
We are prepared to furnish, on short
JILL HEADS, NOTES
BNVELOPES, LETTER UEADS.
AW BL4ANKS, POSTERS
POSTAL CARDS, ETO., ETO/
rermas for Job Work--~.ash O
All business eeomuniestions should be
ddressed to the
Winnsboro Pubhing Company
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