{"newspaper_name": "The New York herald.", "edition": "01", "page": "p3", "byline": ""}
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h1ve hitherto been. Tho ,elegsphic communication
that will soon be perfected between the most important
points must exert wonderful influence upon trade and
increase the activity Of capital BY the Of this and
other means, with liberal supply Of capital there will
ultimately be much more extensive speculative
na than ever before experienced and the collapse viii
be equally terrific II may be three four or Eve years
before we arrive at that height from which the fail IA
be so tremendous, but as hore Is In the
heavens that point will in time be reached Every ee
ment tending to bring about such crisis is In sctve
operation and nothing preven, crash, short Of tie
most stringent checks upon the currency and the reuc
ton ofthe volume Of the currency and an increase Of
its value.


By the report of the Comptroller OF South Caroline.
appears that the debt Of that State ss s02
On the ist of January, isio the cebt si5ss IA Of
which 81 3le 900 has been paid leaving tho balance
above stated Instalmens Of the debt Of the state fall
due at different times between this and January lst
1870, at which time the debt will be -extiDguished.
The State is in possession Of a fund which
belongs to her only trust This fund arising
from surplus revenue Of the General 0Oyernment.
amounts of principal to 81 o5 900. II shortly after
its reception, pledged for the States TO
Louisville, Cincinnati and Charleston Railroad Eight
hundred thousand dollars has be paid by the
that road and the South Western Railroad Bank, the
stocks of which rapidly rising par value. TIE





pany what has been called in on the sub
scrpton and which constitutes debt OF $500
600 more.


The South Carolina Railroad is reported to be In
highly satisfactory condition. II extends from Charles
ton into the interior OF the State of Georgia. and three
hundred and sixty miles long. twill ultimately temi
nate at Memphis on the Mississippi connect the
waters of that river with those of the Allan ent.
ually this will be Of the most important peoduc
tive railroads in the country.


The Governor of South Carolina in mis- message says
that the Bank of the State has during the past year
steadily discharged the duties imposed by its char
ter and by the legislature. Its operations show set
tied and profitable business which has yielded and
satisfactory income for the State The balance Of the
stocks OF 1924, remaining uncancelled paid on by
in January last whenit fell due, amounting to si56sie
Besides this 500 of the Fire Loan Bonds due in 1885,
purchased in London, brought home and
reducing the public debt by $33aaa more making the
aggregate reduction Of the State liabilities slss e52