Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1871-11-07
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vopE,cy NEWS By THE CABLE
s,;s,e,Iausous and Washington News.
HOME NEWS.
HEAVY ISSUE OF BONDS.
rnc Bonded Debt of south Carolina.

The Bonded Debt OF south Carolina.
New YORK, Nov. 6.-The World states that
fbe entire State Government Of South Carolins
is here.
The American Bank Note Company printed
twenty million bonds for Mr.. Kempton, the
financial agent of the State of South Carolina.
1t is said Governor Scott admits that the bonda
have been printed but denies that all of them
were issued, but docs not state the amount Is
sued.
Kempton, il is stated, brings a claim against
the State for services and commissions amount
ing to four million dollars, and the other State
officers have not dared TO resist the payment
thereof though much of it is for renewals which
were credited as to the new loans.
The commissions it is said has more than
swallowed the original loan loan. The expenses
of the last Legislature of $4,000 has not been
paid. The World concludes by stating that its
information is from 2 source intitling it to the
highest credit. The persons giving it express a
confidence in the belief that fraudulent ISSUE
amounting to $20,04G,0O0 of State bonds, has
been negotiated and the money misapplied, and
are convinced that if it should prove that the
State is insolvent to that ammount it will be IT.
revocsbly insolvent.
NEW YORK, Oct 9TH.
To THE PUBLIC: Many false representa-
tons and statements have been made and pub
Gshcd against the credit of the State of South
Carlina l. is true that SO 204 900 of bonds have
been printed, of which amounts 50, 200 have
never been signed or issued, nor were they
printed with the intention to increase the State
debt but are in possession of the State authOri-
ties Also s. 10000 sterling bonds have been
printed, but not issued.
s., 100000 Of registered stocks are now in the
hands of the Treasurer of the State, leaving
balance of SJ04, 900, issued. The Legislature,
from time { time, passed several acts tor the is
sue Of bonds to pay the Indebtedness of the
State Subsequently, it passed an act for the
conversion Of its securities. 10 provide for this
the above amount in bonds was printed, which
has given rise to many grOundless misalprehen-
slons and gross fabrications.
lSignedl r. *. SCOTT,
Governor of South Corolina.
MILES @. PARKER,
Chairman Of the Committee on State Accounts.
PHILADELPHIA, Nov Watson & Clarkes
Phosphate Works was insured for $4,000. The
National Insurance Company, of Baltimore,
loses 81, 900.
CHICAGO, Nov. Ga petition has been filed
in the Federal Court to place the Manhattan
Insurance Company, Of New York, in bank
ruptcy. This is done rs a test, whether foreign
corporations doing buaincss in this State arc
amenablc to bankrupt courts in the State.
MONTGOMERY, Nov. 6.-Judge Busted, now
sitting in a court of bankruptcy, has granted an
order declaring the Alabama and Chattanooga
Railroad Company bankrupt. He appointed
Col. Gendrat the Receiver heretofore appointed
by the State authorities, as Custodian ad ints-
rem, and appointed November 9th the day for
the election of Assignee. The State now runs
the road two hundred miles and it is said will
have the whole road in day or two in active
operation.
New YORK, Nov. 6.-The Office of the Ho-
boken Leader, Democratic paper, was entered
early this morning, the type pied and the office
thrown into confusion.
\ writ is out for the arrest Of Thos. Fields, q
candidate against Seymour for the Assembly,
to recover half million dollars.
BRooKvILLE, Ind, Nov. 6-The Stewart Pa
per Mills are burned. Loss, seven hundred and
fifty thousand dollars