SOUTH CAROLINA. 



743 



of Ascension Hall and the Church of the Holy 

 Spirit at Gambier, O., where he received his 

 theological education, Aspinwall Hall, and the 

 Alexandria Theological Seminary, and the 

 Church of the Ascension at Ipswich, Mass., 

 the charge of which latter he was accustomed 

 to assume during his yearly vacation. As a 

 churchman he was liberal in his views and 

 sympathies, and did much to strengthen and 

 foster this spirit. As a consequence, he was 

 in sympathy with Christian work without re- 

 gard to denominational limits. He was alive 

 to the movement of modern thought, and fre- 

 quently discussed scientific, literary, and social 

 subjects and their relation to Christianity. He 

 was an eloquent preacher and scholarly writer. 

 Among his published writings are: "The Lit- 

 urgy as a Basis of Union " ; u The Charity of 

 Truth"; "The Church's Law of Develop- 

 ment " ; " Oxford Essays and Reviews " ; " The 

 Homeric Age"; "The Principles of Patriot- 

 ism;" "The United States a Nation"; and, 

 "Evolution and a Personal Creator." He was 

 the editor for some years of " Church and 

 State," a paper started as the representative 

 of the liberal branch of the Church. Dr. 

 Smith was personally greatly esteemed by his 

 congregation, and held in affectionate regard 

 by the many poor in whose behalf he had so 

 long labored. He leaves a wife and four 

 daughters and two sons. 



SOUTH CAROLINA. STATE OFFICEKS. 

 Governor (elect), Hugh S. Thompson; Lieu- 

 tenant-Governor, J. 0. Sheppard; Secretary of 

 State, J. N. Lipscomb ; Comptroller-General, 

 W. E. Stoney ; Treasurer, J. P. Richardson ; 

 Attorney-General, 0. Richardson Miles; Su- 

 perintendent of Education, A. Coward; Ad- 

 jutant and Inspector-General, A. M. Massi- 

 gault ; Commissioner of Agriculture, A. P. 

 Butler; Railroad Commissioners, M. L. Bon- 

 ham, T. B. Jeter, L. J. Walker. United States 

 Senators, Wade Hampton, M. 0. Butler. Mem- 

 bers of Forty-seventh Congress, D. Wyatt 

 Aiken, J. S. Richardson, J. H. Evins, E. W. 

 M. Mackay, Robert Small (colored). Members- 

 elect of Forty-eighth Congress First District, 

 Samuel Dibble; Second District, George D. 

 Tillman; Third District, D. Wyatt Aiken; 

 Fourth District, John H. Evins ; Fifth District, 

 J. J. Hemphill; Sixth District, G. W. Dargan; 

 Seventh District, E. W. M. Mackay. 



FINANCIAL CONDITION, ETC. On retiring 

 from office at the close of the year, Governor 

 Johnson Hagood concluded his message to the 

 Legislature by the following cheering statement 

 as to the condition of the State : " The exhibit 

 before you of the affairs of the State is that of 

 a well-ordered, smooth- working, and economic 

 government, and of a happy and prosperous 

 people." The report of the Comptroller-Gen- 

 eral for the fiscal year ending October 31st 

 seems to justify Governor Hagood's utterance. 

 According to that report, the total bonded debt 

 of the State is $6,571,825.43, made up as fol- 

 lows: 



Consols (valid) .............................. 



Deficiency bonds ............................ 



State scrip, Agricultural College .............. 



To be ftinded for ante-bellum principal and in- 



terest ..................................... 



To be ftinded for post-bellum principal and in- 



terest ..................................... 



To be funded for " fundable interest" ......... 



To be funded for bills of the Bank of the State. 



$5,429,92854 

 501,992 24 

 19 1,800 00 



168,924 47 



178,512 50 



105,289 68 



878 00 



Total $6,571,82548 



The annual interest on the above is as fol- 

 lows: 



On funded debt ($6,123,720.78) at 6 per cent. . . . $867,428 25 

 On debt not yet funded ($448,104.65) at 6 per cent 26,886 28 

 Back interest on deficiencies, 1879-1881 200 00 



Total $394,509 53 



To pay this interest a tax is authorized of 

 three and one tenth mills. The total value of 

 the real property in the State is $85,384,863 ; 

 of the personal property, $45,180,179 ; and of 

 the railroad property, $14,877,250, making an 

 aggregate of $145,442,292. 



The revenues of the State for current ex- 

 penditures are derived from the net earnings 

 of the Penitentiary, which amounted this year 

 to $40,000 ; from the royalty on the produce 

 of the phosphate-mines, amounting to $138,- 

 254 ; and from a general tax of one half of a 

 mill on the dollar of taxable values. This last- 

 named tax and the tax for interest on the 

 public debt make the total general tax amount 

 to three and six-tenths mills. 



As the interest upon the State debt is pay- 

 able before the general tax is fully collected, 

 the Legislature has authorized in each of the 

 past two years a temporary loan in anticipa- 

 tion of the taxes. While this is readily effect- 

 ed at small expense when the money market is 

 easy, a time might come in which it would be 

 more difficult or impracticable. To insure the 

 maintenance of the public credit at all times, 

 Governor Hagood made the following recom- 

 mendation to the Legislature : 



The debt will soon mature, and to refund it at a 

 more favorable rate of interest is an end to be kept 

 steadily in view. A failure to meet promptly the in- 

 terest under any circumstances would injuriously af- 

 fect this purpose. Again, our taxes are paid semi- 

 annually, and the first payment is optional, the tax- 

 payer being charged interest if he defers payment of 

 his whole tax till the time of the second payment. 

 Under these circumstances, to return to a collection 

 of the taxes for interest before the interest is due, it is 

 necessary to make the first semi-annual payment of 

 taxes compulsory, and then for one year to increase 

 the tax levy sufficiently to raise the sum for which, in 

 the experience of the Treasury, it has been found 

 necessary to make over-drafts upon the banks. We 

 are experiencing a period of exceptional prosperity, 

 and there will be no better time to accomplish this 

 desirable end. If the measure commends itself to 

 your honorable body, the additional sum to be raised 

 this year will be about $100,000, and will necessitate 

 the addition of A mill to the 3ft mills previously es- 

 timated. The whole tax levy will then be 4ft mills. 

 The levy for last year was 4% mills. It will still be 

 necessary for one year longer to authorize the tempo- 

 rary loan, because the first payment of interest for 

 1884 will occur before any part of the tax you now au- 

 thorize is collected, and will have to be met out of 

 funds now in the Treasury, which are not sufficient 

 for the purpose, and at the same time to carry on the 

 government until the taxes of 1883 are collected. 



