The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1869-07-21

missions to satisfy any broker. What
powers did he have? On August 8, 1868,
the Governor was authorised to borrow
$l20, 900, and empowered to use 90 Sc.
ourity such an amount of bills receiva-
oie' bonds or stocks owned by the State
as might be necessary. On August
rs, 1868, the Governor was authorized
to borrow $780, on the credit of the
State, the bonds to be sold at the highest
'"arhef price by the financial agent in New
YORK. On the same day the Governor was
authorized to borrow $1,000 900 more on
the same terms. On February II, 1859, au-
thority was given to borrow $1,000, 900,
which might be used as collateral security
and sold at the highest market price. On
March 26, 1859, the financial agent was au-
shorized to pledge the bonds of the State
which the State no,o has or may hereafter
haze in its possession as collateral security
for State loans. These were the powers Of
Governor Scott and the financial, aren't.
viii the Times deny that any man, not a
born idiot, could raise money with these
resources at his command? The officials
were olamoring for their pay. Votes were
sold in Columbia as fish are sold in the
market. The money was obtained at last:
but at what costt The Times or ..the
''young man Of much ability and promise
may be able. TO tell. a,*
In the article published by the Times
there is the following paragraph:
Furthermore, South Carolina has steered
clear Of tho whirlpool which has well-niph
swamped one or two OF the other Southern
States. She has steadily refused to aid rail-
roads. North Carolina and Tennessee have
increased their debts immensely by their rail-
road subsidies and loans. and have materially
injured their financial prospects,"
South Carolina has not steadily refused
to aid railroads. The present Legislature
has given aid to the Savannah and Charles
ton and the Greenville and Columbia Rail-
roads, and it has authorized guarantee Of
$4,OOO.00O to the Blue Ridge Railroad.
This last railroad was expected to be oom-
pleted for Sc, 600. 900. Now it is estimated
to cost $4,000, coo. Responsible oontrso-
tors osn be found who will do tho work for
$500, 600; but q contractor whose price
was about $9. 900, 600 has received tho con-
tract, and Governor Scott goes before the
Legislature this fall with . modest REQUEST
that the Blue Ridge Railroad guarantee be
increased from S.. .ooO. 600 to SO, GOO, 900 or
$lO,OOO.O0O. Governor SCOTT did oppose.
at the last session, proposals to subsidis
the Chatham Railroad, and other schemes.
Why did he do this? Because the Blue
Ridge Railroad guarantee-in which he has
lively interest-would be almost worth
less If millions were given away here az
freely as in North Carolina. Love for Scott.
not love for the State, was the cause Of the
opposition. AIRY scheme will be run
through the Legislature which has money
init Paupern need not apply.
Lastly, we say to. the Tines that this
State is well able to pay all the debt Of
which we now have knowledge The peo-
pie will uphold the good name of South
Carolina; but this will be done in spite Of.
and not by means Of, the existing Sta to
so'e.nnA ont ens weare plundersd and robbed
ON oil sides and upon all occasions; nut v .
have eome power left, and we are resolved, !,
as long as we may, to discharge ,honestly =
our every obligation. The Times has been
daped by some triokster. If,it had know n
more OF the men who have our ooffsrs in
charge, itwould have said less in praise Of
individuals, whatever its good opinion Of
the financial int gritty of the State. !.