The Camden journal. [volume] (Camden, S.C.) 1866-1891, 1869-10-14
MISCELLANY.
Carpet-Bag Bonds.

SCarp6C-6a2 60noS.
We have from time to time Bwarned
whom it might concern that any invest
neptin carpet-bag bonds wasa very has'
arduus venture but, so far, it appears
that there has always been some one
ready to adsatcean every issue pu' forth
in the name Of the several Southern
States by those supersfitious persons
there IN assuuingtob be aud acting Gov,
puors, Legislatures, and 20 on, Much Of
this acceptance BY moneyed men Of the
certificates of Indebtedness put fourth
by the pretended State authorities OF
tie Sonth has been due TO the c"nvic-
lien that it was useless for the citizens
Of these States to protest against the the
reconstructed regime; that it was fasten-
ed down upon theas, land no alternative
was left them but submission to its oper-
atoms. So far as the present goes, this
it undoubtedly correct hypothesis; to
all existing appearances the new regime
is potentsin its sway oserthc people up
on them, by Federal bayoness, it has
been imposed but while suelr is the
J present aspect Of afairs. the truth IL
thst this violent and fraudulent scheme
ofreconstruction has uoreal strength he
yoDd that hold which the radical party
has no power. As every essction shows,
J sthis hold is growing weaker sad weaker;
and so evident Is this tendency that
there arc few obsorvant menAin the re !
public who do not feel that, with ordi
mary prudence and energy, the Demo
cratic party is certainly destined to
:trianph IN 1872. With such a triumph
there win be but one rule for theconduct
sof the Southern question, and that the
fullest possible exemplifcation of the
great principle oflocd selfgovernmeDt.
= The withdrawal of the Federal arlss
q esas57sssiSa nov a1ass d ss''
South, and the remission ofthe scallawae'
aud carpet. bag fraternities to such mea-
sure Of strength as they may possess
within themselves, willsofar conmit,the
domestic regulation of the South 70 the
citizens of the South, that those rotten
hulls now styled State Governments,
will at once speedily, utterly, and peace
ably disappear. On their disappearance
sud with The, erection IN their stead OF y,
genuine governments, ens:efS the hrs'
questions will be as to what istobe done
in reference tothe bonded Indebtedness
Some little intimation Of the probable
purpose Of tae South 10 this contingen,
cy,rssches usto the effectthat a species
Of scaling process will be adopted; /; tha,
is, that 80 much of this indebtedness as
eshall appear TO rave been contracted for
5Gnn. jfide purposes, viii belegalised and
added to the genuine debt of the State
AZ par; so much as shall be proven to
SHsve Zone to corrupt uses will be abso-
lutte disavowed. The application ofthes"
ciples-principses as once just,
equitable, and in the highest sense legal,
will make sad work with the huge bond.
ed Indebtedness now piling up by those
kuases and llchers who assume to b.
the State authorities of the South
Agaisst sacI, scaling, it will be useless
for the holders of carpet-bag bonds t"
protest. Having tru-tedsn ,unAuthor'
ized agent, knowing II. to be unaut'i"r'
lied, with what face can any Oft EN-
combat the principals refusal to ac'
knowledge the obligations, 20 nomn'e,
they hold from such agent? ?-Ne,o York
Rorld. - no go ,''1..