The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1869-09-16
FAIR WARNING.

| IUSeu repuulhtlOn ny the White peopic
of the State of all responsibility in the
future for the outrageous debt which
wastciul and dishonest administration,
backed by a vcnal and corrupt Lrgisa-
ture, is rcckl"ssly pilng up on the back,
Of the taxpayers Of South Carolina. In
order that The capitalists fthe North
may have an opportunity to know how
our people feel and talk about the South
Carolina bonds, already far too plenti-
full, and the issue of which there is real
son to fear has only begun, we :epr,
dnce the timely and tempe ate article
of our Unionvi!le contemporary
"The Republican party represents a
very small portion of the taxpayers, and
the members Of that party care very
little how much taxes are exfnrtcd tr m
the purses of those whom they have not
the honor to represent.
Concerning our State officials, there
are painful rumors; and these rumors
are generally believed. We have beard
OF private enterprises being abandoned,
from assurance that no charter of II
joint stock company could be obtained
from the South Carolina Legislature,
without money sufficient to pay the
members Of that body for their voles.-
We have heard Governor Scott charged
with being individually interested in
measures which he officially commend
ed to the Legislature. We have heard
that the Chatham Railload, and the
Grecnvillc and Columbia Railroad, and
tho Savannah and Charleston Railroad,
had succeeded in having their respective
bills passed by the free use Of money
distributed anon the Republican mem
bcrs ocihat high body. And now we
hear that Governor Scott is prepared to
recommend to tie coming session OF the
Legislature ar appropriation of money
say ten millions OF doilars-to carry
out a measure Of internal improvement
in which he has largely invcstcd-uine
millions to complct" the work, and one
million to buy the votes necessary to
obtain the appropriation. We hope
these things are not so, and thar Feritas
will promptly deny them. But the
Denpl, do hc'ieve these charges. and it
is even suspected that the contractors
believe them too. If an additional ten
millions Of d"llars are lut npon the
market. as the guaranteed brndS Of an
incomplete railroaI, the total arcua ula.
ted bonded debt of South Carolina, du
ring the eighteen months If Republican
rule, wiluppr"ximatr ten millio 8 -
dollars, with an annual interest thereon
of over one million doIIars.
"Can We sand it? Not we'll. Can
we avert it? Our people have no mo
ney for State bonds. The State bonds
will be sold on Walls,rcet Wall
street believes to-day that few more
years will put every Southern State back
under the control Of Southern white
men. These bonds must b. paid then
so Wall street thinks-by appr"pria-
tiuns made by Southern men. Wei
nuw, We ask Southern white men to
step forward and protest aganSr thcir
liability to pay bonds guarant, ed at til"
instance ola GoTenor who is individual
ly interested, and part %: which bonds
wrs paid to diSrcputablc legislators us
| Il hi, % W,,lI ,t,. ,,,,t
and the commercial world understand
from the ourspokcn drcarations of all
persons who have the States interest Il
heart that they do not feel moral "b.
LEGATION to pay these bonds resting npnn
them, and the bonds will be m incubus
upon the market. with no buying ratc>
and very low selling ONES Let them
gn forth dependant upon tile sulvrncy
of an unconstructcd ralroad, and con
tingent upon the continuancc in utfice>
of uun-taxpaycrs, as a class. and not
even the financial ability ofthat rising
financial light, w q assist, Gov. Scott in
he manipulation of South 'aruIina !inan-
ccs in New York, will be able to pnt
them above twenty cents on the dollar.
"Just here is the proper place for the
snecr, that we are enacav"rlng to de-
preciatc South Carolina bonds. Not so !;
we wish our people to publ sh to the
worlo that they are not South Coroi' a
Bonds. If fGovernor Scntt and Rrpub-
lican legislators, unmindful Of their
trusts, leeis!ate by bribery and vote as
they are paid, feeling no interest in the
future payments ofli 'bilitie~ now incur
red surely they, who do feel an interest,
should properly assert and proclaim TO
the world in advance that these ltt,rs
of corruption and extravaganza will not
be paid if we can helpit.
Crest assured that such voice would
be respected, and its deprcciating in
fuence upo the anticipated bonds would
bury them forever"