The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-07-30
CHI ARL. .ES TON.
FRIDAY MORNING, JULY 80, 1869
governor Scott and his ..Etnnne,.,
AGENT"

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governor Scott and his ..Einaneta]
Agent.'
IL seems that The News, in it's comments
upon the recent prepos:erous puff in the Ne
York TIMES Of "the financial agent of the
state ''of South Carolina" has troddeu
rather heavily upon somebody's toes. A
writer who enjoyed the privilege of ass ooia-
ting as college olassmate with this financial
Prodigy has taken up the cudgel in his
BEHALF with singular, and, We hope, with
dlsinterested warmth, and is wroth that our
people should show any disposition to grnm
Ole at the price they may have to pay for
the collegiate brillianoy Of their wonder
working representative in Wall street.
Let US see who this young man Kimpton
is, and what he has accomplished. To give
the devil his due, Governor SCOTT is onlv
partly responsible for 80 miserable q custo-
dian Of its credit having been foisted upon
the state IN the first instance. It will be
remembered thatwhen,the Governor vetoed
the Ubiquitous bill passed by the Legisla-
ture reducing the amount Of the bonds ex-
acted from persons filing Offices of trust,
howl Of rage and disappointment went up
from the whole beggarly crew, who had
oeen waiting, eager to lay hands on the
peoples money, and dire were the threat.
OK vengeance utscreu uy .uo ". evI. %. ~
tho carpet-bag against their recalcitrant
Executive. AT this junoture the Attorney
General stepped forward and offered TO
sllay the storm for the privilege Of naming
the States financial agent. Governor SCOTT
was too much alarmed to haggle or hesitate
about terms. The bargain was concluded.
oalm was restored, and young Kimpton
arose from the bulrushes Of fiYale, our fnun-
cial Moses.
The first occasion on which recourse We
had to the peculiar abilities Of the. new
agent was, We believe, when Governor
Scott was called upon to refund to the
North Carolina Ring the cash that had been
advanced to the oarpet-bag treasury as o
confederation for the Executive approval of
the Chatham Railroad charter. Money
happened to be very tight in Wall street at
tho time, and Kimpton's most earnest ef-
forts to raise the wind were unavailing.
Nobody knew him, (though, after all, it is
doubtful whether that circumstance was a
disadvantage to him OF the reverse, and he
was blandly informed by the respeo otable
institutions to which he applied for loan.
that in such matters they must deal, NO,
With The agents Of States, bnt with the
States themselves. His Excellenoy the Gov
ernor Was sorely disappointed and dis
mayed at this hasco Of the agent, at the
very threshold Of his official career, and,
in his distress. applied to one Of our Uaited
States senator's, then in New York, who. in
turn, called upon some old citizens Of
Charleston, who were induced to lend their
assistance, and who, with the help Of some
OF their Wall street friends, managed to
obtain the desired loan. Governor Scott
was In high spirits ct being relieved from
his awkward dilemma, and promised tho
senator asd others that hs would ct once.
like the ether Governors Of Southern states,
place the financial interests Of South Caro-
lins in the keeping Of some New York
-banking house ef acknowledged rssponsi
ibility and standing This pledge, We eed
mot say. has never been kept. Probably
the Governor has been forced to tisuccumb
to the influence, Of the clique chat sustai ns
Kimpton, The achievements Of that worthy
dave since been limited to raising fcw
Hundred thousand dollars at exorbitant
rates Of interest upon million 'sHd o half
Of the bonds Of the State, which were
placed An his possession, ,aand ifor ahe.ssfs-
keeping of Hhish, We understand, he, had
not given dollar Of security. Fer having
hawked these bonds successfully about
Wall street, Kimpton and his frfonads have
the ,mpudense u ffclaiha . display n gsextra-
ordinary anspsial, tact. .gg,R Rora ousspsrs. We
thinksth that the most remarkable instance OF
adroitness on the part Of the fsnancial
agent has been his euccess in 40 far hood
winksng leading New York journal as 10
induce it to lend the aid Of its columns
Ia bolstering mp his ridiculous pretensions.
BsefisMa3 be that We wrong Mr.. .Kimp-
ton. Asf YET we are, lin great measure, in
the dark no to the details of lis operatiot
in behalf cf ssush caroliua Som ;sre / eda;v
w. hope, Che psopls OF onr siase viii calf
him aud his masters 70 . ssrict aocouns Of
these tfsnsAosi0ns We ssshalt men know
shss Il 4 t oSsts y indulge l " ihs ldyas q
Anspeial agent. sfrs rS,ss, \, ,., Z, INV