The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-06-02

in going to New York. OF course the iindlng
bill went through flying. BY its terms. Tue
State was authorized to sell all us securltles
in certain corporations. The Governor, the
comptroller.gsneral and the State treasurer
were appointed a board tC effect their sale.
The board was to exercise It's own Judgment
as 10 whether the securities should be sold at
public or private sale, and also as to the terms
OF payment; and, by a singular omission, NOM
ing was said about the price TO be exacted Tor
these securities. The board colld sen mem
Tor what It pleased, and it did. II pleased the
board to sell the 10, 900 shares OF GreenTille
Railroad stock the first thing for 81 35 a share,
when it was then bringing in CharieSIon,
owing TO bull influences, over 81 a share. IL
didn't please the board to sell the stock OF any
other corporations just then, and lndeea II
never has since, thus proving that tne Waoie
was bribed through the Legislature, was nolh.
ing more than a scheme TO enable a gang Oh
thieves to possess themselves OF the stock OF
one corporation. OF course the sale Of inns
stock was
A DUMMY SALE.
or a sell on the taxpayers. Not a man IN
South Carolina but believes that. Inc sa6o,O0O
supposed to have been received from the sale
of the States stock. where is il? Even echo
cannot answer where. When the vullures had
to borrow from the State herself TO raise the
money first expended, it Is not likely that
they would be particular to pay for her own
stock. This part Of the transaction, however,
still remains in darkness, and 1t Will probably
be lett 10 a future taxpayers convention 10
fathom. Nothing now remained 5ut 10 COM
plete the swindle by proclaiming The new or
sanizatior. The board OF directors were inc
original! manipulators of The scheme. a STOOL
pigeon named Bush, imported TO give respect
ability to the new regime, was made presl-
dent. honest John Patterson, Vlce.presldent,
Niles q. Parker, secretary, aud q. W. Water
man, REPRESENTING Governor SCOTS interest,
was made treasurer. The directors We're the
above, and Tim Hurley. OF Hurleyvlile'on on
Congaree, Uncle Joseph Crews, j. L. Seagle.
the Comptroller, the Hon. G. P. Leslie, ct III
nnlne genus. Being thus secured IN iuii pos
sc :sion OF the road, without o dollar expense
70 themselves,
THE ~vULTUKES,
with a depth of gratitude rarely attained by
birds OF thai stripe, Set about rewardinG the
faithful. The lobby agents, for their ac-
livity III securing the passage OF the iundlnS
bill, were awarded places in the new company
with large salaries and little work. Otnef
friends oil the scheme were rewarded IN MAZE
rial ways, and everything thence.orWard went
on serenely except the road Itself. That pald
no better under the new management than the
old. This made no difference, however, 10 the
majority OF the stockholders. They didn't get
hold OF. the stock for dividends. Their game
was higher. Last winter the spot!ess directors
asked the Legislature 10 grant
A LOAN To THE ROAD OF TWO MILLIONS.
1t was too much. The House bolts every
thing at one gulp, and so it bolted Ibis; but
the Senate sllrank aghast. Even Whittetnore
and Leslie turned pale when they saw the con-
templated fraud. Everybody understood why
the money was wanted, |. e., TO pay Of the
amount already borrowed from the treasury
and pocket whatever might remain-a sort OF
borrowing from Peter 70 pay Paul process,
particularly interesting to taxpayers. That
swlndle did not go through, although 4 it passed
the House and came to It's second reading IN
the Senate
BEFORE IT COULD BE KILLED.
Since then matters have been going from
bad 10 worse, until now the directors are ne
gotiatiDg for the sale Of the entire concern to
the South Carolina Railroad Company, at n
handsome profit OF course over the original
investment. 1t is estimated that twelve men
will divide not less than TWO millions Of dollars
this sale shall have been effected. and.
all on q capital OF 10000. Such is carpet bag
gerry. a. 2