The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1871-11-19
Tho Finances OF tho State.
he World, of November 10, says:

oo VO5tus VI november ~, says:
That OTHER $40, 900, 900 FnAuD.-
Some OF the Republican papers through
out the country are seeking to make it
appear that Gov. Scott has successfully
retnted the charges against him of an
enormous issue of South Carolina bonds.
1t ls even said that his card of the 9Th
instant. as published in the World, ef-
fects such a refntatiop. A more unmiti-
gated falaity it would be hard to put in
print. What he did soy in that card was
that there had been printed $40, ,O4O, COO
State bonds, So. 500, 900 sterling bonds,
and 30. 5.O4O.O reg y. red stock-total,
$2o, 1850. 600; and OF ia amount there
had been issued S1l ,04u O0O State bond4
and W. $40, 600 registered stock-a total
issue of $l3, $4,000. Iu q letter bear
ing date September 20, 1871. addressed
to Senator Scott. of tho Congressional
hu A!ux Committee. in response to an
Official call for such information, this
same Governor Scott gave the total issue
OF bonds and stocks at that time ns
SS,52o. .564 10. With these facts before
MIN, the reader can see for himself that
so lar from refuting charge of over
Issue, Governor Scott admits on tho 9Th
OF November that there have been print
ed, IN round numbers, $28, 500, 600 in
bonds and stocks to pay bond und
stock of SIS. 500. 600 on the Goth Of the
prior September. Out Of his own mouth
proceeds not q refutation, but q plea of
guilty. He has not explained the enor-
nous over-lssue oil some $40, 600, 900.
because he cannot without eating his
own wordf.
At the South Carolina Tax-payers'
Convention. held in Columbia in May
last. there WAS unanimously adopted the
following reso!Htion:
hesotred, That this Convention, repre-
sentlng the property and tax
payers of the State of South Carolina,
do hereby deem it our duty to declare.
that the so-called sterling loan, or apy
other bonds or obligations hereafter is-
sued purporting to be under and by
virtue of the authority OF this State, as
at present constituted, will not be held
binding upon us; and that We recon-
mend to the people of the State in every
manner and at all times to resist the paw.
ment thereof, or tie enforcement of any
tax to pay the same, by all legitimate
means within their power.
At this time the Governor had pledged
himself that there had only been an issue
OF $3. 100000 in bonds, much of it to
convert prior indebtedness. Now, in his
card of the 9th of November, he says:
~c'cov,Oou VI StcTtluB DouuH nave DeeD
printed but not Issued" These are the.
very bonds above referred to. Why did
he prepare them for usual in despite OF
the warning of the Tax payers Conven-
tion if he did not intend, ut the first
convenient opportunity to iss;;a .,,cn.?
Further he stated that but So. 200. 900 OF
bonds had been issued when the above.
resolution pledging resistance to further
issues was adopted, aud now says that
$11, ,O4O. 600 Of bonds and 50. $40, 900 OF
stock (total, Sl3 5'lO OOO) have been put
out. Here are SIC, $50, 900 in bonds and
stocks already disposed of when Gov
Scott knew the property aud tax.
payers of the State we've pledged aguin. t
every dollar of them. This is not a
mere plain robbery but swindle, too
robbery OF the people and fraud OH
the bond-buyer.
And what has Gov. Scott said to all
this? How dors he expluin his own
statements of SO. 500, 900 due in Septem
Der aud s28. 100000 prepared to pay it
IN November? He is silent, and the
public will know how to construe the
sign.