The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1869-12-22
Spectators :sl,a thcir Use.

tase, resolves i iseIf Is si@ply ipto @ the
envy OF those who do not make
,modcS against, these that do, which
.repiye,sa!ly peryadcs society. Why
.Hshpuldrnota man who has aceumula..
ste tfsomc surplus capital, embark it 10
enterprises that involve great risk Of
: los, balanced by a fair chance Of gain,
n ( !.e has lniud to- Can hs not do
awa"t he will with his own2 If he
= were to offer to lend it to you, who
carp at him, ten chances to one. YOU
would eagerly borrow it, and hun
dred chances TO one, would not return
sit according to contract. TO such
losing speculation as this you can see
no manner of moral objection, but be.
oome q !ond-mouthed copEcrvator of
public morals, when ho refuses such
risk, aud assumes much lighter ones.
Now this lending to the poor is spccu-
hlat'on, though ycry poor speculation,
aud those who dcuouncc spectators,
denouuoe the thug thoy themselves
usually desire to do, the borrowing of
n little money from spcculator on
inodcqNato security. The whole prac-
tico is umusrgly inconsistent.
How violeptly theClarlcston News
is now denouncing Spectators in State
securities How many reasons did
it give, q few yenrs ago, why, "bills
receivable" should be received by
spectators aud capitalists, and by the
entire people, upon speculation !!
What Inconsistency is this
Now we hold it a duty, either to ad-
vocatc repudiation out and out, or to
ondcavor to improve tho credit Of the
Safe. And this paper has consist ent-
'y striven to do tho latter, ever sine 9
GIANTS election, on Til, very Gear
principle, that to strengthen the cred
1t of the State, ID to lesson taxation,
and attract cnpi'al and enterprise to
tho State. ~ We, cannot afford to d.
feat the Radicals at tho expense of
ocodit Of tho State. 1t is suicid II.
Be it so, that an irresponsible ring are
making moaoy by 6ulling securities.
Let them continue to do So, if thew
oan, until State securities riso hish
above par. Fer is it not evident that
they can, thon, do with less taxation :
Besides, If their interests lead them
to invest in State securities, thoy will
give US better government, ia oldcr
4tovmake, those securities safe. .t.
This last consideration is worthy of
reflection. Tue itadicals can only he
defeated BY running mixed, that l.,
whl'e and black tickets. We do not
believe the Democrats are ready to
rqon such tickets With any zeal at pres
eat Tho Radicals, therefore, will
probably carry tho State. If, then,
they "roto govern the State again, we
hope that their selG,hncss, their inter-
est, thor pride aad ambition, their
Lust Of power, if not some lingering
sense of justice and of right, may lead
them to govern it we'll.
Yet it is one of those daving, bold,
plucky, straight. forward ways of com.
manding conf lenoe, that took with us,
Ms soon as our eye fell upon it in the
Governors message. We know, too,
th't, last winter, the Legislature put
million dollars of bonds at the dis.
cret'onaryi disposal of,the Governor,
and though, they do not .stoll their so.
crets, this measure, we fancy, is some.
way connected With that ono. That
il will tighten tho taxation, we are
sure; and, in'proof, eve see that tho
tax.biiI is to callSfo; but s mills on
the the dollar, for State purposes, and 8
mills on the dollar, for Countyt pur-
poses. Mhy2s Because this. with
money iborrowedon approaching bonds
! ttt least gc.so infer) viii Be enough.
However, much speculation, therefore,
may be conneetedswith the coin.intor.
"est b'il, some good. will come of 1t to
otthho tho 'psopls ofstbo State. and much lucb
good to1hess iu the State who have,
Investments in ,the.a securities of, the
estate. 7sAlrcady have chose 3seoari.
SSf'siFes. isen from S5 e over. rs, & &oger
Zen dollars, That Is, on 65, or over YER 5
per cents aud.is -$4,o0O,oOo Of those
securities are hold in the state,Ias is
: said,, the measure basa already added
i9yer 100000 to the capital, :, Of lie
EDeODla of tho Sknt mi, -.