The Sumter banner. [volume] (Sumterville, S.C.) 1846-1855, 1850-09-25
From tho State. Rights Republican
The Faith Of the State.

this ~nunicn VIII lnniCute nj once,
TINT, in the opinion Of tho writcr,tth faith
Of the State of South Carolina, solcmnly
pledged, whether In nn afair OF honor
or Of money, should lie sacredly kept,
ind | nm induced to, any n word on the
subject, after perusing,llc article con.
tanned in The "Daily Cnrolinian," Of the
.25,h uliimo, owe The signature OF "a
Tax Payer" the whole tenor Of which
affords evidence that its author far too
slightly estimates tho force of The moral
obligations TO which the State il held
under The terms Of the contract for the
slonu OF 1888. for the re. building OF the
city Of Charleston. Those terms are
clear and explicit, and no honest ind
attentive reader can entertain a doubt
us lolhcir meaning. AS To the can,lor
Of IA Tax Payer" perhaps nothing
need he said; his reading, however, may
well be arraigned for its ]inaccurucy.
II is charitable 10 suppose tina, the OBJ
jecl Of that correspondent was TO inform
the public mind on n grca. subject. not
TO mislead il; TO answer The arguments
Of II good md great man, now dcal, on
nn important point, in n great domestic
question, not 10 mislity or misrcprcscnt
il, or TO east false impu'ations upon his
name. That ] can perceive, no infur-
nation hns been communicated Tor The
public guidance, nor has any thing
worthy Of the respect IF argument in
any now shape been advanced by tina,
cssneis,; tho whole is n miserable re.
hash, without tho addition of new con-
dimcnls even. anil having thus Signallv
failed, The production being 4 complete
abortion, he should be admonishcd to
discontinue such performances, and to
waste his ink and paper, with Il less in.
cautious prodignli,y. In the way Of
nrgumcn, and useful information then,
the article is poin,lcss, although, per.
laps, the writer may have been some.
what more successful in another re-
spcc;. lie seems 10 he quito equal to
The work Of casing vile inucndocS, and
equally us ski!tul in making pitt
full apologies for them. Fearful
Of responsibility, he SANDERS by
insinualion, aud then protects himself
by Iiypocrital disclaimers, and The be-
slowal Of such cpilhcls as "high mimi.
cd and "ho%norabhc." lie seems too,
very ready in the use Of a technical ruiz.
OF evidence, aud seeks to dclracl from
TIC crcdibilily Of witnesses, who testify
against him and his cause, although
they may be "high minded and honor...
bic" upon The ground Of bias; ",hcy are
Interested" If anti Bank power dc.
ponds npon such writer's and advocates
for lis empire and rule, i, is to be piricd
in the despcralcness Of its condition.
! repeat that the preservation Of the
faith OF the State in the transactions Of
tho Fire Loan Bonds, is II matter Of the
deepest concern. Now The question
arises, is her faith implicated in that
; transaction, and in connection with the
Bank Of tho State. "A Tax Payer
does not deny ,Iiat it is, and the fair in
ference then is, that he is conscious il is.
The most he could say was, that in
such cusc, ''lhc Bank rfthc State is v:r.
tnally chartered until 1868" If the
icxigcncy in which, "A Tax Payer
found himself involved in the prcpara-
ton of his article, compelled him 10
withhold such t. denial, the writer oflhis
isofthe opinion tia, the dignity nnhlrulh
of the argument in favor Of The grnum!
that the Slate has pledged her failh To
the foreign creditor, in that loan, re-.
qnIrcs that he should affirm il. and offer
some testimony 10 prove il. For The in.
ierest and repayment OF this loan, the
. Legislature, by The Act of June, 1898,
pledged the ''f.iih and funds of tie,
Stale" Now il will hardly be denied
that the Bank aud lis assets are par, Of
her )nnds, and us such are embraced in
this pledge Of The Ac, of 1898. Blu,
whilst The Bank was thus pledged, it is
also required TO pcrform important ,lu.
tics connected with tia, loan; so make
proper provisions for The pnnc,ual pay.
mcnt ofthc interest, and also for The Ill
innate payment of,l,c principal" How
could tho Bank do what tho Legislature
has thus GXactcd Of it, if The powers,
functions and privileges of II Bank he
Withdrawn from lift il be unhnnked?
It is not possible for il 10 do what The
Legislature has required Of ii during
tho continuance Of lis present charter:
nor was il expected at The time the ,lu.
ties we've imposed upon it. When,
thcn tho Bank WIS required 10 make
proper provision for the %punc'ual pay.
mcnl oflhe interest, and also for The nj.
innate payment of The principal of that
portion of The public debt Of The State.
incurred for the Lcne(, OF the city Of
Charleston, its rc.cllartcr was conicm.
plated as necessarily TO take place, and
acquicsccnce in lis re. charter was uni.
%versal. No whisper in opposition was
iispcd; no patriotic fires kindlcd up in
The hearts OF lis prcscn, enemies in
Charleston, under apprehension of It's
mighty misclIicfS. None, C%onHagra.
ton had swcp. over the Metropolis ruin
triumphcd in our faircsl city; noble old
Charleston was in ashes! Help! help
was The cry. and it was at oncc ullor-
ded. Well, in what way! The an
SIX Swrr IL bV tho Stotp and hy , rloIro