The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-09-13
Fair Warning.

The Unionville Times talks right out in
meeting on the subject Of tho proposed re-
pudiation by the white people Of the State
of all responsibility in the future for the
outrageous debt .whiob wasteful and dis
honest administration, backed By q venal
and corrupt Legislature, is reoklessly piling
up on the backs Of the taxpayers Of South
Carolina. In order that the capitalists of
the North may have an opportunity to know
how our people feel and talk about tho
South Carolina bonds, alroady far too plen-
tifui, and the issue Of which there is rea
son to fear has only begun, we reproduce
the timely and temperate article Of our
Untonvills contemporary
"The Republican party represents u very
email poftiou of tho taxoayorn, and the mem
bers OF that party oare very little hon much
taxes ore oxtorted from the purses Of those
whom they have not the honor to represent,
concerning our State officials. there are
painful rumors; and these rumors arc gone
rally believed. We havo heard OF private on
torprises being abandoned, from as ursuoo
that no charter or q joint-stock company could
be obtained from the South Carolina Leeisla-
ture, without money sufficient to pay tho MEM
bers of that body for their votes. We have
heard Governor Scott charged with being indi-
Vldually Interested In measures which he OIL
oially commended to the Legislature. Wo have
heard that the Chatham Railroad, and the
Greenville and Columbia Railroad, and tho
Savannah and Charleston Railroad, had sus-
oeeded in having their Respective BILLS passed.
by the free use OF money distributed amoug
the Republican members OF that high body.
And now We hear that Governor Scott is pr,-
pared to recommend to the coming session of
the Legislature an appropriation OF money
say ten millions Of dollars-to carry out
measure of internal improvement ip which he
has largely invested-nine millions to oomple,e
the work, and ono million to buy the votes
necessary to obtain the appropriation. Wo
hope these things are not so, and that veritas
will promptly deny them. But the people do
believe these charges. aud it is even suspected
that the contractors believe them too. II an
additional ten millions OF dollars arc put up.n
the market. as the guaranteed bonds OF an in
complete railroad, the total accumulated bond
ed debt OF South Carolina. during the eighteen
months OF Republican rule, will approximate
fifteen million OF dollars, with an annual inter-
est thereon OF over one million dollars.
"Can We stand it2 Not we'll. Can we avert
it3 Our people have no money for State bonds.
The State bonds will be sold on Wall-street.
WalLHtreet believes to-day that few moro
years will put every Southern State back under
tho con6ol OF Southern white mon. These
bonds must be paid then-so Wall street
thinks--sy appropriations made by Southern
white mon. Well DOW. We ask Southern white
mon to stop forward and protest against their
iIabiEty to pay bonds guaranteed at the In.
stsnoe OF Governor wno IL individually inter.
esled, and part OF which bonds was paid to
dlsrsputable Ioa aisistors a. tho price OF their
vote. Let Wailssreet aud the commerciai
world understand. fr I'm the outspoken deolSr-
aaons OF all persons who ,ve The States in-
terest at heart. that thoy do not feel moral
obligation to pay theae bonds resting upon
thom, and the bonds will bo an incubus upon
the market, With no buJiug rates, aud very los
selling ones. Let thom 80 forth dependent
upon the Hoivenoy OF 30 unconstruotsd rail-
road, and contingent upon the o0ptiuu amos In
ofnoos OF non taxnayers. as clsss. and not
even the financial ability Of that rising Ansn-
cial light, who assists Governor SCOTT in The
manipulation OF south Carolina finances In
Nea York, will be- able 70 put them above
twenty-five cents in The dollar.
''sust here 10 the proper plaoe :1or the snser,
hat We are endeavorins to depreolate South
csroiina bonds. Not 90; We wish our people TO
publish TO the world that they re not 8ou,h
Carolina bonds. II Governor Boott and Re,
'nk'tean Legislators, unminLful Of their trasts,.
eSislase BY briberJ and vote Ss th ~ aro paid
ceiling no interest In the fotuve paymsnts Of
liabilities now incurred, surely they. who do |
ooi 40 interest, should properly assert and
proclaim to the world 10 advance that these
!ttsrs OF corruption and e1sravasanoe win ;hot
" paid II no can help Il.
aRsst ensured thai suoh yoice would be
espeoted. aud ~ dSpreoisans rnApsaes upon
bonds swould bary then foesver.i