The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1871-05-12

i Will Close lIllS tFIueuCC Va louc INV S"A
ruption by quoting from the protest against
the Greenville Railroad, made by leading MI
noriLy members of the House, and entered in
the Journal February &c, 1871.
1st. Because 1t 1.-THE BILLY is q deliberate and wllfu
attempt on the part OF those IN whose interest
the bill was framed. 10 enrich themselves at Tue
expense OF The State.
ipiure the credit Of The State abroad, which even
now does no. rest upon the most secure ana SUD-
stanlial basis owing we fear, to the in!sInanage
ment and cupidlty Of those To whom the affairs OF
the State are Intrusted.
Thus yon will perceive have confined my
self to documentary proofs IRON Radical OIL
cial sources, and, did time permit, I could
greatly swell the record from heproceedings
of the Legislature and official publications OF
the past tWc years. Tie conclusive reasons
and facts produced by these able and timely
protests Of leading senators and members oi
the House, recorded in the Journals at the
time OF the passage Of the bills, not only prove
the corruption and unftness Of the Legislature
and the leatlin. officials entrusted with the
funds OF the State, and welding the destinics
OF the people, but sustains these charges by
Radical testimony, which cannot be disputed,
and which Is most credtable TO the con-
servative action OF the individuals concerned,
rising. as they do. above party issues, whose
action ard conservative statements l desire
now 10 acknowledge as the most conclusive
evidence OF the prorriety ofrcsisting all future
negotiations pledging the faith OF The State.
so long as the people whose property is to bs
pledred are denied the right OF protecting
their interests By proper representation in lie
Legislature.
Leaving for the discussion Of others The
various forms OF oppression and m!Srlle
under which the State suffers, pro-
nose 10 call your attention to the repu-
ljation oil the party in power. and the disgrace
which has fallen upon the hitherto unquestion-
able financial integrity Of the State. refer
10 the willnl refusal to pay the matured .H'e
l0Q1l debt.
II appears that the Legislature Of the Stale,
in The session Of 1898, authorized The Governor
"a nrro,iate a loan for some two millions OF
dollars. TO rebuild that part oi The City Oh
Charleston. then lying in ruins caused by the
destructive ire which ha': devastated that
city: plerlging not only the lalh and credit OF
the State. but the capital and profits Of The
Bank Of the State for the prompt payment OF
the Interest and lor tile liquidation Of Tie prin-
cpal as llle lo::n should mature
The proceeds o: this loan was 10 be deposit
ell in :l!e Bank Of the State, aud TO become Il
par! of the capital of said bank, TO be loaned
out TO property.owners in the burnt distric; OF
Charleston, secured b. bond aud mortgage of
the respective lots to be rebuilt upon BY said
loans
The president OF tile bank and the Governor
of the State. Jointly, appointed Mr. McDuhe
as their agent to proceed to London and nego-
tiate the loan. On Mr. McDuaie's arrival IN
London, he published an address, in which ne
made the. following statement:
The Legislature, in order 10 make assurance
douby sure, has provided thai, 10 addition 10 tne
General pledge or the faith and resources Of the
State. particular funds shall be specifically appro.
prated and solemniy pledged aud set apart to Sc.
cure The punciunl payment Of the interest and